India & Nepal sign four MoUs (16 jan 2010)
1. 812 crore rupees 680-Km long highway in Terai region.
2. electrification of five villages of Nepal.
3. establishment of science learning centre in Lalitpur.
4. agreement on setting up of central depository services for Nepal Stock. Exchange.
HIGHLIGHTS OF INDIA-NEPAL RELATIONS1925: second Treaty of Sagauli, signed with the government of British India.
July 1950: Treaty of Peace and Friendship
October 1950: Treaty of Trade and Commerce
1950: Indo-Nepal Treaty of Peace and Friendship
The Citizenship Act of 1952
1952: Indian military mission in Nepal
Late 1950s & 1960s Nepal voted differently from India in the UN
Nepal challenged the existing mutual security arrangement in 1969
secret accord of 1963 and 1965 India won a monopoly on arms sales to Nepal.
Nepal challenged the existing mutual security arrangement in 1969
The 1978 agreements incorporated Nepal's demand for separate treaties for trade and transit
India refused to endorse Nepal as a zone of peace
1987 India urged expulsion of Nepalese settlers from neighboring Indian states, and Nepal retaliated by introducing a work permit system for Indians working in Nepal
1987 agreement setting up a joint commission to increase economic cooperation in trade and transit, industry, and water resources.
1988 Kathmandu signed an agreement with Beijing to purchase weapon
On March 23, 1989, India declared that both treaties had expired and closed all but two border entry points.
2008 Indo-Nepali ties got a further boost
Nepal-India Joint Committee on Water Resources meet decided to start the reconstruction of breached Kosi embankment
high volume of unauthorized trade across the Nepalese border
The two issued a 22-point statement highlighting the need to review, adjust and update the 1950 Treaty of Peace and Friendship, amongst other agreements.
India and Nepal share a 1,400-kilometre open border, which has very few checkpoints.
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