Competition between India and China for giving aid to - TopicsExpress

Competition between India and China for giving aid to Nepal... Result - Nepal Benefited...... NaMo Effect!!!!! N-A-M-O NaMo NaMo PM Go…..:) China raises Nepal aid 5-fold to compete with India...... In what appears to be a straight competition for INFLUENCE with India, China has increased its official aid to Nepal by more than five times. China has also promised to build electricity infrastructure in Nepal worth $1.6 billion to counter an Indian offer of soft LOAN for the power SECTOR. Chinese aid to the Himalayan nation will rise from the present level of $24 million to $128 million in 2015-16. The announcement came after talks between Chinese foreign minister Wang Yi and his Nepali counterpart Mahendra Bahadur Pandey in Kathmandu on Friday. timesofindia.indiatimes/world/south-asia/China-raises-Nepal-aid-5-fold-to-compete-with-India/articleshow/45652472.cms?utm_source=facebook&utm_medium=referral&utm_campaign=TOI

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