India has committed to providing grant assistance of Rs 41.13 million for wastewater management projects in eastern Nepal, an official statement said. The Embassy of India signed the Memorandum of Understanding (MoU) with the Ministry of Federal Affairs and General Administration, Government of Nepal and Khumbu Pasang Lhamu Rural Municipality, Soulukhumbu, for the construction of the Khumjung Khunde Waste Water Management Project, a press release issued by the Indian Embassy, Kathmandu said.

• HCL Tech Shares Gain 2% on Partnering Up with Strategy 
• Shares of Shriram Pistons skyrocketed 9% on Acquiring Antolin Lighting
• Stocks in Focus: Lloyds Engineering, SEAMEC, RailTel, and Others
• Overnight Stock Market Movements: Key Developments 
• Stocks Under F&O Ban: Bandhan Bank, and Others

The construction of this project will enhance the health and quality of life of the people living in Khumjung village and provide them with safe water and improved sanitation, which is essential for improving public health. As close neighbours, India and Nepal share wide-ranging and multi-sectoral cooperation. The execution of this project reflects the support of India in strengthening the efforts of the Government of Nepal in the improvement of its citizens’ life, the statement added.