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From Nepal to Vietnam: PM Modi is raining money on India's neighbours to counter China

Jun 26, 2015    

Indias cheque book diplomacy is in full flow under the Modi governmentand the prime focus is on the country's neighbours.In the newest of such cases, India has pledged $1 billion financial aid to Nepal towards recovery and reconstruction of the quake-hit Nepal. This will be in addition to Indias ongoing economic development and cooperation programme with Nepal, which amounts to another $ 1 billion over the next five years. Thus Indias total commitment to Nepal over the forthcoming five-year reconstruction period would be $ 2 billion.In his pledging statement, PK Misra, additional principal sec...

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