♤ The Union Budget 2018 increased the funding allocation of Nepal from 375 crores to 650 crores

♤ India accounts for 2/3rd of Nepals trade in Merchandise, 1/3rd in Services and 46% of FDIs. Almost 100 percent petroleum supplies to Nepal are from India.

♤ India’s FDI in Nepa till May 2017 stood at 5159.86 crores.

♤ 98 per cent of Nepal’s third country trade goes through India and to the port of Kolkata.

♤ In February 2016 India agreed on giving dedicated access to Nepal to the port of Vizag.

3.8. Connectivity

♤ The Augmentation of Jayanagar-Janakpur Railway line is in Progress between the two countries. Originally built during the British rule this line was functional till 2014, when it was closed for up gradation.

♤ In 2017 India has also proposed a direct rail link to Kathmandu from Delhi & Kolkata.

♤ Currently India and Nepal are connected by a directed bus service launched in 2014.

♤ Both the countries are signatories to the BBIN Motor Vehicle Agreement as part of sub regional-connectivity efforts.