Bangladesh will sign Free Trade Agreement with Nepal for better the trade between the two countries. Bangladesh has also allowed Nepal to use its Saidpur airport located in its northernmost district of Nilphamari close to Nepal.
Nepal’s Central Bank is saddled with Rs 7 crore of demonetised Indian currency but India is not making “adjustments” to take back the notes, hoping the scrapped notes would be accepted by its neighbour. The land-locked country depends on India for trade and supplies. Indian currency is widely used in Nepal for day-to-day transactions, especially in the border areas.
The Indian government on November 8, 2016 announced the ban on old 500 and 1,000 rupee notes to curb black money in the system. Of the Rs 15.41 lakh crore worth Rs 500 and Rs 1,000 notes in circulation on November 8, 99.3 per cent or notes worth Rs 15.31 lakh crore have returned to the banking system.
Dr. Ajay Kumar, the Charge d’ Affairs of Embassy of India in Nepal ceremonially inaugurated new building of Aurobindo Ashram School in Thankot, Kathmandu. The programme was attended by Director General, Department of Urban Development and Building Construction of Nepal, Mani Ram Gelal along with political and community leaders.
The three storey building comprises eleven class rooms, three labs, four store rooms, two staff rooms, rooms for – accounts, administration, record, library and principal. It also has examination and multi-purpose hall. The new infrastructure is constructed with the Government of India’s grant assistance of 25 million Nepali rupees.
President of Nepal Bidhya Devi Bhandari, launched the “Visit Nepal Year 2020” campaign during the ceremony held at historic Dasaratha Rangashala in Kathmandu. Mythical creature Yeti has been selected as mascot of the campaign.
Nepal is one of the World’s fascinating tourist destination and the government has a goal of making tourism one of the key pillars of the Nepali economy. The ambitious campaign was launched in all the seven provinces of Nepal aiming to promote tourism in Nepal and to attract 2 million tourists in 2020. .