India, Nepal sign 8 MoUs

India and Nepal have signed eight Memorandum of Understanding (MoUs) in various fields, including Housing grant, prevention of drugs, post-earthquake reconstruction packages in health and education sectors.
The agreements were inked after delegation level talks between Prime Minister Narendra Modi and his visiting Nepalese counterpart Sher Bahadur Deuba in New Delhi. The two leaders also jointly inaugurated the Kataiya-Kusaha and Raxaul-Parwanipur cross border Transmission lines.

Signed MoUs are

• Agreement on Cooperation in the field of standardization and conformity assessment.
• MoU between Institute of Chartered Accountants of India (ICAI) and the Institute of Chartered Accountants of Nepal (ICAN).
• MoU on Modalities for Utilization of India’s Housing Grant Component to support Reconstruction of 50,000 Houses.
• Three MoUs on Implementation of the Grant Component of India’s Post-Earthquake Reconstruction Package in the Education Sector, Cultural Heritage Sector and Health Sector in Nepal.
• MoU for Implementation Arrangement for Construction of Mechi Bridge under ADB’s SASEC Road Connectivity Programme (Tranche 2), Funded by India.
• MoU on Drug Demand Reduction and Prevention of Illicit Trafficking in Narcotic Drugs, Psychotropic Substances and Precursor Chemical and Related Matters

Month: Current Affairs - August, 2017