Nepal's constituent assembly on Sunday got a three-month extension after a last-minute deal between key political parties under which Prime Minister Jhalanath Khanal will step down. The development came after overnight consultations between main political parties to forge an agreement on the peace process and extending the term of constituent assembly.
"We have an organisation being placed on the list of designated foreign terrorists organizations. (It) has legal requirements that are placed on us. We have to honour those legal requirements and we'll certainly do so in the case of Nepal," State Department's Deputy Spokesman Tom Casey said.
The loan will be utilised in several developmental projects that Nepal wants to undertake. Nayanima Basu reports.
As India makes efforts to deepen its diplomatic and economic engagement with its neighbours, Nepal on Saturday said there is a "historic opportunity" in taking bilateral ties with India to the "next level" and that it must be seized by both the countries.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances