India Releases 470 million Nepali Rupees Grant For Terai Roads Project in Nepal

The Government of India has released 470 million Nepali rupees grant for Terai roads project in Nepal. Indian Ambassador to Nepal Manjeev Singh Puri handed over a cheque of grant to Secretary, Ministry of Physical Infrastructure and Transport of Nepal, Madhusudan Adhikari in Kathmandu, Nepal. 
The amount has been released to maintain fund liquidity for the ongoing construction of 14 road packages under Postal Highway Project. With this payment, 2.35 billion Nepali rupees have been released so far out of total grant assistance of 8 billion Nepali rupees committed by the Government of India for implementing 14 packages under Postal Highway Project. 
Source- AIR World Service

Static/Current Takeaways Important for Indian Bank PO Exam 2018- 
  • Khadga Prasad Sharma Oli is the current Prime Minister of Nepal.
  • Bidhya Devi Bhandari is the current President of Nepal and commander in chief of Nepalese Army. 
  • The Nepalese Rupee is the currency of Nepal.