February 8, 2016 8:48 PM

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Nepal seeks India's help in establishing special infrastructure development bank

Nepal has sought India's help in establishing a special infrastructure development bank. The issue came up at a meeting between Nepalese Finance Minister Bishnu Prasad Paudel and his counterpart Arun Jaitley in New Delhi today. Both the leaders discussed the developments in Nepal's post-earthquake reconstruction phase being supported by the government of India. Finance Ministry in release said, Mr Jaitley encouraged Nepal to finalize its reconstruction programme at the earliest to better utilize the one billion pledge, which India has given to the Himalayan nation. <br/><br/>Mr Jaitley further expressed hope that Indian investors in the public and private sector will show interest across all sectors in Nepal especially power, healthcare and road construction. The two Finance Ministers expressed hope that the co-operation between the two countries will be further strengthened during the upcoming State visit of the Prime Minister of Nepal K P Sharma Oli this month.

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