Indian aid declines

The Union Budget for 2022-23 presented by Indian Finance Minister Nirmala Sitharaman this week has limited aid to Nepal to Rs12 billion, down from Rs15.87 last year. India has however increased aid to Bangladesh and Maldives. India provides Bhutan with the highest aid among its neighbours and has allocated Rs22.66 billion this year but even this figure is down from Rs30 billion last year. India and Nepal also signed an agreement on Tuesday to build a bridge over the Mahakali River joining Darchula in Nepal and Dharchula in India.

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