Nepal Current Affairs, GK & News

‘India International Centre for Buddhist Culture & Heritage’

Prime Minister Narendra Modi and Nepal Prime Minister Sher Bahadur Deuba recently laid the foundation stone for the India International Centre for Buddhist Culture and Heritage in Lumbini, Nepal.  The shilanyaas ceremony was performed by monks belonging to three major Buddhist traditions i.e Theravada, Mahayana, and Vajrayana. Who is constructing the center and what are ..

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International grants in news

A grant is a fund given by an entity (public body, charitable foundation, etc) to an individual or another entity for a specific purpose linked to public benefit. Unlike loans, grants are not to be paid back. Millennium Challenge Corporation (MCC) grant MCC is an independent U.S. foreign aid agency established in 2004 by the ..

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Nepal: Approval of US Aid Grant

The parliament of Nepal has approved a contentious USD 500million US grant, despite opposition and street protests from the Communist parties. In 2017, the US government’s Millennium Challenge Corporation (MCC) pact was signed by Nepal for infrastructure projects but its ratification had been on hold as there were divisions within political parties, including the coalition ..

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India’s UPI Platform in Nepal

The first country to adopt India’s UPI system will be Nepal which will be critical in modernising the neighbouring country’s digital economy. Overview: To deliver the services in Nepal, NPCI International Payments Ltd (NIPL), NPCI’s international arm, has partnered with Manam Infotech and Gateway Payments Service (GPS). In Nepal, GPS is the authorized payment system ..

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New PM of Nepal: Sher Bahadur Deuba wins vote of confidence

On 18th July, 2021, the new Prime Minister of Nepal, Sher Bahadur Deuba won a vote of confidence in the country’s Parliament days after the Supreme Court had reinstated the legislature which was dissolved in May. Key Points Sher Bahadur Deuba has previously held the office four times and has won 165 votes (136 votes ..

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