India and Nepal have agreed to review, adjust and update the Treaty of Peace and Friendship of 1950 and other bilateral agreements.

In a Joint Press Statement issued at the end of the two day official visit of Prime Minister Narendra Modi to Nepal, on Monday both sides welcomed the decision of the Joint Commission to direct the Foreign Secretaries of the two countries to meet and discuss specific proposal to revise the Treaty of Peace and Friendship of 1950, which the Government of Nepal agreed to provide at the earliest.

They agreed that the revised Treaty should better reflect the current realities and aim to further consolidate and expand the multifaceted and deep rooted relationships in a forward looking manner.

They also underlined the need to resolve pending Nepal-India boundary issues once and for all.

Prime Minister Modi on Monday wrapped up his visit to Nepal, with India reestablishing political ties at the highest political level.

The highlight of the visit was the address to parliament which as the External Affairs Spokesman Syeed Akbarkuddin saying that there was positive feed back from every leader that Mr Modi met through out the day.

During the visit Mr Modi was able to assure the Political leadership that India will not interfere in Nepal’s Internal affairs, but stand committed to Nepal completion of writing the constitution that is federal and inclusive and democratic that binds the people of the country.

The one billion line of credit announced by India is in addition to all the existing line of credit that is available to Nepal.

While they expressed concern over the slow pace of implementation of several projects under bilateral economic cooperation they directed officials to implement ongoing as well as the future projects expeditiously.

Stregthening cultural ties, was also stressed with India to give an assistance of Rs. 25 crore project for the restoration and renovation of the Pashupati temple Complex in which the Archeological survey of India is to assist.