India Government raises grant for Nepal by 17 percent The Indian government has pledged to extend 17 percent more in financial aid to Nepal in the next fiscal year, indicating greater enthusiasm of the southern neighbour to support the landlocked country’s development endeavours. The Indian government has allocated a grant of IRs3.75 billion (Rs6 billion) for Nepal in 2017-18, as against IRs3.20 in 2016-17. The allocation was made through the Union Budget 2017-18 launched by Indian Finance Minister Arjun Jaitely on Wednesday. In addition to the amount, India has also pledged to extend a grant of IRs113.30 million to Nepal Police Academy in 2017-18, the Indian budget document says. The grant pledged for Nepal in 2017-18 is second highest among South Asian countries, with Bhutan leading the pack. The Indian government has expressed commitment to extend IRs37.14 billion in grant to Bhutan in 2017-18. The amount, however, is 4 percent lower than in 2016-17. In total, Ind...
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