BR100 Increased By (0.12%)
BR30 Increased By (0.28%)
KSE100 Increased By (0.26%)
KSE30 Increased By (0.26%)
AGHA 7.63 Increased By ▲ 0.04 (0.53%)
BECO 5.57 Increased By ▲ 0.06 (1.09%)
BML 59.74 Increased By ▲ 0.66 (1.12%)
BOP 34.40 Increased By ▲ 0.29 (0.85%)
CNERGY 13.11 Increased By ▲ 0.27 (2.1%)
CSIL 6.41 Increased By ▲ 0.31 (5.08%)
FCCL 58.06 Increased By ▲ 0.40 (0.69%)
FFL 16.23 Increased By ▲ 0.03 (0.19%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.43 Decreased By ▼ -0.05 (-0.67%)
KOSM 6.03 Increased By ▲ 0.09 (1.52%)
LOTCHEM 27.67 Decreased By ▼ -0.32 (-1.14%)
MLCF 102.75 Increased By ▲ 2.10 (2.09%)
NBP 205.06 Increased By ▲ 1.31 (0.64%)
NCPL 59.63 Decreased By ▼ -0.94 (-1.55%)
NPL 68.56 Decreased By ▼ -1.40 (-2%)
OGDC 318.92 Decreased By ▼ -1.37 (-0.43%)
PACE 11.05 Decreased By ▼ -0.05 (-0.45%)
PAEL 43.10 Decreased By ▼ -0.02 (-0.05%)
PIBTL 16.63 Increased By ▲ 0.07 (0.42%)
PPL 229.45 Increased By ▲ 0.61 (0.27%)
PRL 70.80 Decreased By ▼ -0.22 (-0.31%)
PTC 71.00 Decreased By ▼ -0.65 (-0.91%)
SSGC 27.41 Increased By ▲ 0.73 (2.74%)
TBL 10.31 Increased By ▲ 0.50 (5.1%)
TELE 8.53 Decreased By ▼ -0.08 (-0.93%)
TPL 23.06 Increased By ▲ 0.82 (3.69%)
TPLP 15.76 Increased By ▲ 0.65 (4.3%)
TREET 24.71 Increased By ▲ 0.58 (2.4%)
TRG 60.29 Increased By ▲ 0.45 (0.75%)
By

KATHMANDU: Nepali police fired tear gas and water cannon and arrested 77 demonstrators in the capital Kathmandu as several hundred people protested against a $500-million US grant, authorities said. “The protestors were arrested after they pelted stones and tried to push into the restricted area (near parliament),” police spokesman Bishnu Kumar KC told AFP.

Nepal signed the Millenium Challenge Corporation (MCC) pact in 2017 to fund infrastructure projects but the government is struggling to get parliament to ratify it by a February 28 deadline.

Major opposition comes from Prime Minister Sher Bahadur Deuba’s own coalition partners including Maoist politicians — seen as traditionally close to China — who say it undermines Nepal’s sovereignty.

Local media has reported that Chinese officials have lobbied Nepali politicians about their concerns, seeing the grant as a covert US push to increase Washington’s influence.

Indian daily the Hindustan Times reported on Tuesday that Washington believes that China is behind a disinformation campaign against the pact.

“Should outside influence and corruption cause parliament not to ratify, it would be deeply concerning for the US, and a loss for the people of Nepal,” the paper quoted a US State Department spokesperson as saying.

Prakash Sharan Mahat, spokesperson of the ruling Nepali Congress party said that backtracking from the commitment will only erode Nepal’s credibility.

Comments

Comments are closed for this article.