CURRENT AFFAIRS

Detailed explanation-1: -Nepal signed an MoU with India to make a detailed project report for the proposed US$ 3.15 billion railway line connecting Kathmandu with the Indian border town of Raxaul.

Detailed explanation-2: -The MoU between the Ministry of Road Transport and Highways, India and the Federal Ministry of Transport, Innovation and Technology, Austria was approved by the Cabinet.

Detailed explanation-3: -The Raxaul–Kathmandu railway line is a proposed cross-border railway between India and Nepal. The governments of India and Nepal had issued a joint statement on expanding rail linkages with India’s financial support, connecting the border city of Raxaul in India to Kathmandu in Nepal.

Detailed explanation-4: -The Rail Services Agreement was executed in 2004 between the Ministry of Railways, Government of India and the Ministry of Commerce, the Govt. of Nepal for introduction of freight train services between these two countries to and from Birgunj (Nepal) via Raxaul (India).