Nepal and China will sign the implementation plan of the Belt and Road Initiative “very soon”, Deputy Prime Minister Narayan Kaji Shrestha said on January 27, nearly seven years after the two neighbours inked an agreement to undertake ambitious Beijing-backed infrastructure projects in the Himalayan nation. ALSO READ What is the Belt and Road Initiative,...
A delegation from the International Liaison Department of the Communist Party of China led by Vice Minister Sun Haiyan called on Prime Minister Pushpa Kamal Dahal and CPN-UML Chairman KP Sharma Oli on Saturday. The CPC delegation arrived in Kathmandu on Friday from Dhaka, Bangladesh on a visit aimed at strengthening party-to-party relations through a...
Abhishek DeyTIMESOFINDIA.COMUpdated: Jan 13, 2024, 19:02 IST ISTEven though China and India have long jostled for influence in Nepal, and have invested billions of dollars in hydro projects over the last decade, the dynamics now seem to be shifting in New Delhi’s favour due to a policy shift in 2018 India and Nepal signed a...
The foreign direct investment (FDI) commitment increased by a whopping 69.29 percent in the first half of the current fiscal year, which officials attributed to the revision of the minimum investment threshold for foreign investors. According to the Department of Industry, the FDI commitment totalled Rs22.33 billion for 226 projects during the review period. The...
hina appears to have completed the construction of a new dam in the country’s southwestern border regions, a project that could have far-reaching strategic implications for its southern neighbors India and Nepal, according to new satellite imagery. Mapcha Tsangpo River, which translates from Tibetan as “peacock,” is known as the Ghaghara in India and the...
Barely a week after a delegation from Yunnan Province of China left the country, another Chinese contingent is currently in Lumbini. Shi Yugang, deputy secretary of the Standing Committee of the Communist Party of China Yunnan Provincial Committee, recently wrapped up his Nepal visit after meeting Vice President Ramsahaya Prasad Yadav and some ministers. The...
Prime Minister Pushpa Kamal Dahal has said that the Indian side has expressed its unwillingness to buy electricity from hydropower projects built in Nepal with direct investments from China. Addressing a meeting of the parliamentary committee on Law, Justice and Human Rights Committee at Singha Durbar on Wednesday, Prime Minister Dahal said that this matter...
Prime Minister Pushpa Kamal Dahal on Sunday said Nepal and China are close neighbours and reliable friends. “Our relations stand on the solid foundation of the ‘Five Principles of Peaceful Co-existence’. We understand each other’s aspirations and sensitivities and extend support to each other in times of need in the spirit of true friendship,” said...
Amid a geopolitical flux, the Chinese side is pushing for Nepal to welcome the Global Security Initiative (GSI) and its Global Civilisational Initiative (GCI) and has sought increased cooperation on the new twin initiatives. The Chinese side aims to formalise this position in a joint communique likely to be released after the delegation-level talks between...
Nepal on Tuesday appeared to reject calls from China to join President Xi Jinping’s Global Security Initiative (GSI), but agreed to take forward ambitious cross-border connectivity projects during the visit of Prime Minister Pushpa Kamal Dahal Prachanda to Beijing. A lengthy joint statement released by the two sides outlined a number of border infrastructure projects,...