Nepali Traders against Indias ICP operations
The Dollar Business Bureau Nepali traders have expressed their concern that India’s plan to start operations at the new Integrated Check Post (ICP) on Nepal-India border may hurt their trade through Raxaul-Birgunj customs point. India has been preparing to begin operations at the Check Post on its side of the Raxaul-Birgunj border in the state of Bihar. However, the infrastructure is yet to be completed on Nepal’s side of the border. The ICP at India’s side was inaugurated by ICP officials on Friday, the 3rd of June and all services required for the Export and Import such as immigration, customs, quarantine and banks are being established on both sides of the border. The traders from Nepal voiced their concern that starting the operations at ICP ...
Nepal set to import additional power from India
Nepal has signed a power trade agreement with India last year which enables the country to import additional power from the southern neighbour Source: PTI Nepal currently produces around 780 MW of electricity, though the domestic demand stands at 1,300 MW during peak period Nepal, reeling under acute energy shortage, is set to import an additional 90 MW of electricity from India by January-end after the completion of a key inter-country transmission line. The country is currently facing daily 12-hour load-shedding in its major cities. Nepal is facing acute shortage of energy in the wake of the blockade of the Indo-Nepal border by Madhesis, largely of Indian-origin. Many people in the urban areas are relying on electricity due to the shortage of cooking gas. The ...
