40 percent hike in grants to Nepal

India has announced a 40 percent increase in the annual grants it has been providing to Nepal. According to the annual budget presented by Indian Finance Minister P Chidambaram on Thursday, New Delhi will provide Nepal a grant of IRs 3.8 billion (Rs 6.08 billion) for the year 2013-14. India had given IRs 2.7 billion (Rs 4.32 billion) for…