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India increases aid to Nepal by 40 percent this year

July 05, 2019

Santosh Ghimire, My Republica, July 05, 2019

KATHMANDU: India has increased its annual aid to Nepal for the fiscal year 2019/20 by 40%.

According to India's National budget unveiled on Friday, Nepal will receive Indian rupees 1050 crore for this fiscal year. In the last fiscal year, the Indian government had allocated Indian rupees 8 crore to Nepal.

Bhutan ranks first in terms of the amount of aid allocated by India for its neighboring countries. Mauritius ranks second and Nepal third followed by the Maldives.

Meanwhile, India has allocated 8 crore each for the South Asian Association for Regional Cooperation (SAARC) and BIMSTEC. Similarly, the Indian government has allocated Indian rupees 275 crore for the United Nations.

India's grant to foreign countries in Indian rupees (highest to lowest)

Bhutan             Rs 2801.79 cr

Mauritius         Rs 1100 cr

Nepal              Rs 1050 cr

Maldives          Rs 576 cr

Afghanistan    Rs   400 cr

Myanmar        Rs 400 cr

Sri Lanka        Rs  250 cr

Bangladesh     Rs 175 cr

Seychelles      Rs 100 cr

Mongolia        Rs   5 cr

Source: https://myrepublica.nagariknetwork.com/news/india-increases-aid-to-nepal-by-40-this-year/