After Myanmar and Bangladesh, India's other immediate neighbour, Nepal, is on the verge of relentless civil unrest once again.
India and Nepal discussed various cross-border issues, and acknowledged that smuggling of goods has been a common challenge.
An earthquake that jolted Nepal on Friday evening with tremors felt in Delhi and its adjoining areas.
Prime Minister Narendra Modi is set to attend the 6th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Summit in Thailand on Friday, marking a significant step in strengthening regional ties and advancing economic cooperation.
The 25th session of the Senior Officials’ Meeting (SOM) of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) concluded on Wednesday in Bangkok, Thailand.
For the first time since the 2000s, foreign exchange reserves have dropped to around $9 billion, which is barely enough to fund imports for six months, down from 11 months.
Consequently, the global food crisis will directly impact countries like Nepal, which rely, to a significant extent, on imported food to sustain their food security.
The report further states that the Chinese Communist Party is also keen to expand ties with the Nepali Congress.
The country is witnessing an alarming rise in the cases of the waterborne disease, since the start of monsoon. Adding to the woes, Covid-19 cases have started re surging too.
This has had a debilitating effect on economies expecting to bounce back after months of uncertainty.
