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Apr 26, 2006

Nepal's Deteriorating Economy

According to CNN-IBN, "After an initial setback, as India gains a diplomatic foothold in Nepal even as the Himalayan nation shows some signs of returning to normalcy, New Delhi is pressing ahead with a strong bilateral initiative, which may also involve a huge financial package to help the insurgency-hit nation recover from the economic reverses.". The news report also says that India is considering resuming military aid to Nepal, if required.

Following on India's footsteps, USA and other donor nations are expected to provide more development assistance to Nepal.
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