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India extends additional line of credit to Nepal

India on Friday extended a fresh $750-million credit line to Nepal for post-earthquake reconstruction. 
•    This was among three agreements signed following delegation-level talks chaired by Prime Minister Narendra Modi and his Nepalese counterpart, Puhspa Kamal Dahal "Prachanda" here. 
•    The $750-million credit line is over and above the $1 billion aid that India announced following the devastating earthquake in the Himalayan nation last April that claimed over 8,000 lives. 
•    The two sides also signed a memorandum of agreement (MoU) for project management consultancy services for upgrading and improving the road infrastructure in Nepal's Terai area. 
•    Another agreement was signed on the first amendatory dollar credit line for post-earthquake reconstruction projects in Nepal. 
 

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