CHINA PIPS INDIA IN AID TO NEPAL || 2016 WATCH VIDEO NEWS

10:16 AM

PM K P Sharma Oli act in a cavalier fashion, some of the resultant damage for India could be selfinflicted. While India denies that it was responsible for the blockade which threatened to cripple Nepal’s economy , the fact is that the recent strain in Indo-Nepal relations has coincided with China surpassing India in the list of top aid donors to Kathmandu. The report by the Nepal government on official development assistance (ODA) shows that in fiscal 2014-2015, India’s ODA disbursement to Nepal plummeted by over 50% in the first year of the NDA government, allowing Beijing to overtake India in the list of top assistance providers. While China’s disbursement of ODA stood at $37.95 million, India accounted for a little over $22 million. This is the first time in the past five years that India is not in the list of top five ODA providers (in terms of disbursement) among Nepal’s bilateral development partners. China is now in fourth position, after the UK, the US and Japan, and followed by Switzerland.

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