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India announces USD 1 billion assistance for Nepal reconstruction

If you ask from the Nepali population, they'll tell you their leaders are sold out to India and have put their country in India's lap. This billion goes further in buying whatever is remaining in Nepal, that wasn't owned by the Indian influence. Simple is that. There is one thing Indians don't do, its charity, friendship and the brotherhood crap. Every dollar in aid has an estimate $ 10 in expected return in some way, shape of form. Go checkout the history.

What history ? You cannot say wait 15-18 years for this too!! It's history!!
 
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India is one of the poorest country in South Asia. Its gdp is of africa and per capita is lower than us, but still they help Nepal????

Where did you get these Economic knowledge from?

And from where did you learn that?

INDIA
GDP (PPP) 2015 estimate
- Total $7.997 trillion[9] (3rd)
- Per capita $6,266[9] (124th)
GDP (nominal) 2015 estimate
- Total $2.308 trillion[9] (7th)
- Per capita $1,808[9] (141st)

Pakistan
GDP (PPP) 2015 estimate
- Total $928.433 billion[10] (26th)
- Per capita $4,886[10] (136th)
GDP (nominal) 2015 estimate
- Total $249.477 billion[11] (42nd)
- Per capita $1,313[11] (153rd)

Ye lo bhai tumne to unki Hawa hi nikal di.
 
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Nepalese Prime Minister Sushil Koirala vows "full transparency" and "zero-tolerance" to corruption in disbursing the relief money to victims - The Hindu
Updated: June 25, 2015 18:38 IST
External Affairs Minister Sushma Swaraj with Prime Minister of Nepal Sushil Koirala in Kathmandu on Thursday. Ms. Swaraj asserted that India will strongly stand behind the Nepalese government which is seeking to “wipe the tears” of every Nepali.
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India announced the largest aid of $one billion to the Himalayan country

Led by India and China, global donors on Thursday pledged over $3.5 billion as aid to Nepal, meeting half of the $6.7 billion needed to rebuild the quake-devastated nation, even as Nepalese Prime Minister Sushil Koirala vowed “full transparency” and “zero-tolerance” to corruption in disbursing the relief money to the victims.

At the day-long international donors’ conference, India announced the largest aid of $one billion to the quake- ravaged country for its massive reconstruction programme.

$1 billion more to follow

Pledging the aid, External Affairs Minister Sushma Swaraj asserted that India would strongly stand behind the Nepalese government which is seeking to “wipe the tears” of every Nepali..

She said one fourth of the assistance would be grant and it would be over and above India’s existing bilateral developmental assistance of $one billion over the next five years which takes the total assistance to $2 billion.

China chips in

At the conference, China pledged $483 million to help the country rebuilt after the quake, saying it wanted to focus on sustainable development of the nation.

Chinese Foreign Minister Wang Yi also offered a concessional loan from Silk Road Fund to Nepal’s reconstruction efforts. China will offer training opportunities for 1,500 Nepalis over the next year.

Japan aid package

Japan announced an assistance package of $260 million and said it would focus on three areas: school rebuilding, housing and infrastructure.

Japan will, in collaboration with the Asian Development Bank, help in rebuilding 7,000 earthquake-resilient schools destroyed by the quake, Japanese State Minister for Foreign Affairs Minoru Kiuchi has said.

Additional pledges

Nepal also received additional pledges of $600 million from the Asian Development Bank, $130 million from the U.S., $100 million from the EU as well as an earlier announcement of up to $500 million from the World Bank.

Nepal has said that it needs around $6.7 billion to recover from the disaster, which killed nearly 9 000 people and destroyed nearly half-a-million houses and left thousands in dire need of food, water and shelter.

Full transparency

Earlier, opening the international donors’ conference, Prime Minister Sushil Koirala, pledged to ensure full transparency in massive reconstruction efforts, seeking to allay international donors’ fears over corruption.

“I assure you that we will leave no stone unturned in ensuring that your support reaches the intended beneficiaries,” he said. “We are committed to ensure that transparency remains at the core of the reconstruction effort,” said Mr. Koirala.

The powerful earthquake on April 25 and a strong aftershock on May 12 killed nearly 9,000 people, injured 23,000 people and damaged more than 5,00,000 buildings leaving hundreds of thousands of people jobless.
 
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Prime Minister's Office
31-July, 2015 18:41 IST
Former PM of Nepal Sher Bahadur Deuba calls on PM

Shri Sher Bahadur Deuba, former Prime Minister of Nepal, called on Prime Minister Shri Narendra Modi today.

Shri Deuba thanked the Prime Minister for India’s quick reaction and assistance in the aftermath of two powerful earthquakes in Nepal. Shri Deuba appreciated India’s pledge of US$ 1 billion announced at the donors’ conference in Kathmandu in June 2015.

Prime Minister Shri Narendra Modi said that India is fully committed to supporting Nepal in the reconstruction effort, and commended the people of Nepal for their resilience in facing this grave tragedy.

Shri Deuba briefed the Prime Minister on the developments relating to adoption of a new Constitution in Nepal. The Prime Minister appreciated the recent progress and expressed hope that outstanding issues would be resolved at the earliest, so that the Constitution that is adopted enjoys the support of all sections of the society and helps build an inclusive, stable and prosperous Nepal.

The former Prime Minister of Nepal, Shri Sher Bahadur Deuba calling on the Prime Minister, Shri Narendra Modi, in New Delhi on July 31, 2015.
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The former Prime Minister of Nepal, Shri Sher Bahadur Deuba calling on the Prime Minister, Shri Narendra Modi, in New Delhi on July 31, 2015.
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PM Modi assures Nepal of India's support to reconstruction effort | Zee News

New Delhi: Prime Minister Narendra Modi on Friday assured Nepal, recovering from a devastating earthquake, that India is fully committed to supporting its reconstruction effort as he commended the people of that country for their resilience in facing this grave tragedy.

He made the comments when former Nepal Prime Minister Sher Bahadur Deuba called on him here.

Deuba thanked the Prime Minister for India's quick reaction and assistance in the aftermath of two powerful earthquakes in Nepal earlier this year, a PMO statement said.

He also appreciated India's pledge of USD 1 billion announced at the Donors' Conference in Kathmandu in June 2015.

Modi told Deuba that India is fully committed to supporting Nepal in the reconstruction effort and commended the people of that country for their resilience in facing this grave tragedy, the statement said.

During the meeting, Deuba briefed Modi on the developments relating to adoption of a new Constitution in Nepal.

The Prime Minister appreciated the recent progress and expressed the hope that outstanding issues would be resolved at the earliest so that the Constitution that is adopted enjoys the support of all sections of the society and helps build an inclusive, stable and prosperous Nepal.

PTI
 
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India committed to a bridge project and 15 road projects totaling $ 340 million of soft loans to Nepal.(AP Photo)

http://www.hindustantimes.com/india...re-projects/story-Y3yPGRGWknRVkFjnhaGayK.html

India on Sunday committed to provide $ 340 million in soft loans to Nepal for building infrastructure projects.

Railways minister Suresh Prabhu, who arrived here on Saturday to attend the ‘Nepal Infrastructure Summit 2017’, signed a letter of exchange with Nepalese minister for Physical Infrastructure and Planning Ramesh Lekhak in which India committed to a bridge project and 15 road projects totaling $ 340 million of soft loans to Nepal.

Prabhu also called on Nepal’s President Bidya Devi Bhandari at Rastrapati Bhawan here and discussed key issues in the bilateral relations.

During the meeting, the two leaders discussed bilateral relations, according to a press release issued by the President’s office.

Prabhu is in Nepal to attend ‘Nepal Infrastructure Summit 2017’ that is being organised by the Confederation of Nepalese Industries (CNI) in association with the Nepal government and Youth Community for Nepalese Contractors (YCNC) to be held between February 19-20.

The minister, who is the guest of honour and keynote speaker at the summit, said the infrastructure meet would be pivotal for accelerating Nepal’s economic growth at a time when the country is striving to graduate to the league of developing nations.
 
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