Finance Minister left for Delhi to invite Modi for donors Conference

Kathmandu, June-11 Finance Minister Ram Sharan Mahat left for New Delhi on Wednesday to formally invite Indian Prime Minister Narendra Modi to attend an international conference of donor agencies scheduled to be held in Kathmandu on June 25.

Mahat is in India on the invitation of Indian Finance Minister Arun Jaitely and scheduled to meet Indian PM Modi on Thursday.

During the visit Mahat will also hold discussion with Jaitely on allocation of funds to different projects to be financed by soft loan of Rs 100 billion announced by Modi during his Nepal visit in August last year, according to a press release issued by the Ministry of Finance.

The other agenda for discussion would be to make ease the process of opening bank accounts for Nepalese staying in India and reduce or completely remove countervailing duties on various goods exported from Nepal to India and also requesting India to provide notes of Rs 500 and Rs 1,000 denomination while exchanging Indian currency with US dollar.