Nepal Archives

Nepal Becomes First To Adopt India’s UPI System

Pooja YadavFebruary 22, 20220

Nepal is the primary country to adopt India's UPI system, which played a pivotal role in transforming the digital economy of the neighbouring country. The National Payments Corporation of India (NPCI) said on Thursday, it'll revolutionalize the digital payment system in Nepal. UPI is a real-time payment system providing simplicity, safety and security in P2P and P2M transactions in India. In 2021, it enabled 3,900 crore financial transactions valuable USD 940 billion which is reminiscent of approximately 31% of India's GDP. According to some reports, UPI is estimated within the yr 2022, making it to cross $1 trillion in overall volumes for the present yr. The international arm of NPCI has joined hands with the gateway payments services and Manam infotech to supply the service...

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Indo-Nepal Boundary Row Heats Up Due To Road Construction

Monomita NagJanuary 19, 20220

Nepal has vociferously protested against India's construction activities along its border and reiterated that Limpiyadhura, Lipulek and Kalapani are the "integral part" of the country. “The government of Nepal has been urging the government of India to stop all unilateral steps such as construction and expansion of any roads that go via Nepali territory,” said the Communications and Information Technology Minister of Nepal Gyanendra Bahadur Karki.The response came following the remarks made by the Indian Embassy in Kathmandu saying that India's position on its boundary with Nepal is “well known, consistent and unambiguous. It has been communicated to the Government of Nepal”. The statement further said, “Mutually agreed boundary issues that are outstanding can always be addressed in th...