Modi announces USD 1 bn concessional line of credit to Nepal

August 3, 2014

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Kathmandu, Aug 3: Assuring Nepal that India did not want to interfere in its internal affairs, Narendra Modi, the first Indian Premier to visit the Himalayan nation in 17 years, today emphasised that their border should be a "bridge" and not a barrier even as he announced USD 1 billion Line Of Credit to this country.

As India makes efforts to deepen its diplomatic and economic engagement with its neighbours, Modi said he wanted to see Nepal become a developed nation and was ready to work with that country in all its efforts and offered a "HIT" mantra-- Highways, I-Ways and Transways for its development.

Allaying fears of Indian interference in Nepal's affairs, the Prime Minister said, "Nepal is a truly sovereign nation. We have always believed that it is not our job to interfere in what you do but to support you in the path you decide to take."

Modi, who arrived here on a two-day visit to Nepal, was addressing the Nepalese Constituent Assembly. It is only the second time that a foreign leader was addressing the Parliament with German Chancellor Helmut Kohl being the first to have the honour to deliver a keynote speech in 1990.

Modi was given a thunderous applause as he began his 45-minute speech telecast live nationally with few sentences in Nepali language just hours after his talks with his Nepalese counterpart Sushil Koirala during which the two sides signed three agreements.

"I have come here with the goodwill and love from one and a quarter billion people of India," Modi said in Nepali, which prompted members to thump their desks.

Stating that India's relations with Nepal is as old as the Himalayas and the Ganga, Modi said, "border should be a bridge not a barrier between the two neighbours."

"India has decided to provide Nepal with NRs 10,000 crore (USD 1 billion) as concessional Line Of Credit for various development purposes."

"This amount is separate from the previous assistance that India has already provided to Nepal," Modi said.

Earlier, India had provided USD 250 million Line Of Credit to Nepal through the Exim Bank of India.

The new grant will be utilised for infrastructure development and energy projects as per Nepal's priority, according to Nepalese Foreign Ministry.

Proposing a model development formula for Nepal, Modi said, "I want to HIT Nepal", drawing wide applause from the lawmakers.

Elaborating his strategy, Modi said HIT in his lexicon implies - H:Highways, I:I-ways and T:Transways.

He said these three combined together would pave the way for rapid development of the country and India wants to "give this gift at the earliest".

Modi was earlier given a rousing welcome with his counterpart receiving him at the Tribhuvan International Airport, deviating from protocol for the purpose.

After their talks at Singha Durbar Secretariat, Modi and Koirala witnessed the signing of three agreements including one regarding the amendment of Terms of Reference (TOR) of the Pancheshwar Multipurpose Project on the Mahakali river.

India will provide a grant assistance worth NRs 69 million to supply iodated salt to curb goitre and other diseases related with iodine deficiency under another agreement.

The third agreement relates to cooperation between Nepal Television and Doordarshan, the state-owned television stations of both the countries.

Along with Koirala, Deputy Prime Ministers Bam Dev Gautam and Prakash Man Singh were also present at the airport

During their talks, Modi and Koirala discussed various issues including Nepal's peace process and constitution-drafting process as well as economic issues.

They also touched upon various facets of mutual relations and issues of common interest.

On his way to the Constituent Assembly, Modi stopped his convoy to meet common people.

In his address, Modi told the lawmakers, "Being your neighbour and seeing our experience as a democracy we feel happy at the direction in which you are going. Our only wish is that Nepal's progress reaches as high as the Himalayas."

Modi said India will help Nepal in constructing highways for better connectivity.

India will provide assistance to the country for developing information highways so that "Nepal should not be left behind among the nations of the world."

"Nepal too has to catch up with the digital age and it has to be connected to the world at large," he said.

He said Nepal has abundant potential for developing its hydropower sector and for this purpose India is committed to establish transmission lines for the export and import of electricity.

"I want to double the amount of electricity India is providing Nepal today so we have to lay the transmission lines as soon as possible," the Prime Minister said, adding India wants to buy electricity from Nepal.

"This is my notion of hitting Nepal and you too would agree that it soon becomes a hit," he said.

Striking an optimistic note, Modi said "for now we will remove darkness here and a decade later Nepal will come to our help. This is our bonding".

He said India welcomes and respects the aspirations of a Nepalese Federal Democratic Republic.

Praising the contribution of Gurkha soldiers in India's defence, Modi said India has won no war without the sacrifices by Nepalese soldiers.

"I salute those brave hearts who laid their lives for India," he said. Invoking Sam Manekshaw, the first Field Marshal in the Indian army, Modi said, "Any soldier who says I am not afraid of death would either be lying or is a Gurkha."

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Agencies
February 27,2020

New Delhi, Feb 27: The US Commission on International Religious Freedom (USCIRF) has said that the Delhi violence in which over 30 people were killed, was specifically targeted against the Muslims.

Expressing "grave concern over the ongoing violence taking place in Delhi", the USCIRF in a statement said that as President Donald Trump's inaugural visit to India winds down, North-East Delhi has been rocked by deadly rioting, with reports of violence and mobs specifically targeting Muslims.

"These incidents are even more concerning in the context of efforts within India to target and potentially disenfranchise Muslims across the country, in clear violation of international human rights standards," USCIRF Commissioner Anurima Bhargava said.

"According to reports, several mosques have also been set alight or vandalized. Many Muslim residents have been forced to flee the area. This unrest comes in the wake of widespread protests against the Citizenship (Amendment) Act following its passage in December 2019.

"The brutal and unchecked violence growing across Delhi cannot continue," Bhargava said adding that the Indian government must take swift action to ensure the safety of all of its citizens.

"Instead, reports are mounting that the Delhi police have not intervened in violent attacks against Muslims, and the government is failing in its duty to protect its citizens."

USCIRF Chair Tony Perkins said the ongoing violence in Delhi and the reported "attacks against Muslims, their homes and shops, and their houses of worship are greatly disturbing".

One of the essential duties of any responsible government, he said, is to provide protection and physical security for its citizens, regardless of faith.

"We urge the Indian government to take serious efforts to protect Muslims and others targeted by mob violence."

In its annual report last year, the USCIRF classified India as a "Tier 2" country for engaging in or tolerating religious freedom violations that meet at least one of the elements of the "systematic, ongoing, egregious standard for designations as a "country of particular concern (CPC)", under the International Religious Freedom Act.

The ongoing violence in North-East Delhi erupted after clashes between pro and anti-CAA protesters on Sunday.

Besides the casualties, over 200 others have been injured in the deadliest violence in the national capital in decades.

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News Network
April 19,2020

New Delhi, Apr 19: The government on Sunday prohibited the sale of non-essential items through e-commerce platforms during the ongoing lockdown, four days after allowing such companies to sale mobile phones, refrigerators and ready-made garments.

Union Home Secretary Ajay Bhalla issued an order excluding the non-essential items from sale by the e-commerce companies from the consolidated revised guidelines, which listed the exemption given to the services and people from the purview of the lockdown.

The order said the following clause "E-commerce companies. Vehicles used by e-commerce operators will be allowed to ply with necessary permissions" is excluded from the guidelines.

The previous order had said such items were allowed for sale through e-commerce platforms from April 20.

However, the reason for reversing the order is not known immediately.

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Agencies
May 27,2020

New Delhi, May 27: The government has further extended the deadline for bidding to buy its entire 52.98 per cent stake in the country's second-biggest oil refiner, Bharat Petroleum Corp Ltd (BPCL), by over one-and-a-half months to July 31.

This is the second extension for submission of expression of interest (EoI) for BPCL stake by interested bidders. The government had first invited bids showing interest in buying its stake, by May 2. It was then extended till June 13.

This has now been extended to 5 p.m. on July 31 in "view of further requests received from the interested bidders and the prevailing situation arising out of COVID-19", an official notice put up by disinvestment department DIPAM late on Tuesday said.

Accordingly, the last date for submission of written queries or preliminary information memorandum has been pushed back to June 23 from the earlier deadline of May 16.

The disinvestment in BPCL involves the government selling its entire 52.98 per cent stake in the company to a strategic investor with transfer of management control. The government has barred PSUs from bidding for BPCL and expects private sector Indian players and global MNCs to bid for its stake. The government's stake in BPCL is worth around Rs 50,000 crore.

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