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Nepal gets a high Rs. 650 crore outlay
Context
India’s annual financial allocation under the Union Budget
‘Neighbourhood First’ policy
For India’s development and diplomatic engagement under the ‘Neighbourhood First’ policy, the Budget has allocated Rs. 5545 crore.
Traditionally Bhutan gets highest
- Bhutan is traditionally the largest recipient of Ministry’s allocation.
- It has maintained the same position even as the allocation increased by Rs. 71 crore to touch Rs. 2,650 crore.
More for Myanmar
At Rs. 280 crore, Myanmar’s allocation too has improved from Rs. 220 crore of last year.
Nepal gets the highest
- However, the giant leap in allocation was for Nepal, which received Rs. 650 crore from the Ministry
- This year’s allocation is the third consecutive and the largest increase.
- In 2016-17, Nepal received Rs. 332.72 crore, which was increased to Rs. 375 crore last year.
Why?
Rehabilitation work
The budgetary increase was a likely step ahead from the Indian commitment to help Nepal recover from the 2015 earthquake.
Terai road network
The Terai road network and railway connectivity plans were also likely to get a part of the increased allocation.
