Skip to content
Search

Latest Stories

India, Nepal sign agreement to build Raxaul-Kathmandu railway line

An agreement to study the practicability of a railway line linking India and its neighbour tiny Himalayan nation, Nepal was signed by the officials of two countries in a meeting between India’s prime minister Narendra Modi and and his Nepal counterpart KP Sharma Oli on the sidelines of a regional summit of seven South East Asian countries (Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)) on Friday (31).

The proposed 130 kilometer long railway line originates from India’s border town, Raxaul, located in the eastern part of Bihar state will connect with Kathmandu, the capital city of Nepal. Once the proposed railway line becomes a reality, then it would be the second railway link after Nepal’s only railway link with 35 kilometer stretch in its Southern Plains.


According to a statement from the Indian embassy in Nepal, India’s Konkan Railway Corporation Ltd will be responsible for a preliminary technical survey which includes engineering and traffic study for the proposed railway line. An elaborate report on the construction process of the railway line is expected to be made Konkan Railway submits its final report, the officials said.

“On April 7, 2018, the two governments had issued a joint statement on expanding rail linkages, agreeing to construct a new electrified rail line, with India’s financial support, connecting the border city of Raxaul in India to Kathmandu in Nepal. As a first step, it was agreed that the Government of India, in consultation with the Government of Nepal, would carry out preparatory survey work within one year, and the two sides would finalize the implementation and funding modalities of the project based on the Detailed Project Report,” said Indian Embassy in Nepal in a statement.

“The Raxaul-Kathmandu rail line is expected to expand connectivity by enhancing people-to-people linkages between the two countries and promoting economic growth and development,” Indian Embassy highlighted in the statement.

India’s another neighbouring country, rival, China in an attempt to raise its influence on Nepal has already completed a pre-feasibility survey for a 70 kilometer railway line to connect Gyiron in Tibet with Kathmandu, making it as one of the most unique development projects in the harsh Himalayan weather and mountains.

More For You

Amazon and Meta challenge PhonePe and Google Pay's 80 per cent hold on India's digital payments

The meeting follows India’s delay of a 30 per cent cap on UPI app market share until 31 December 2026

Getty Images

Amazon and Meta challenge PhonePe and Google Pay's 80 per cent hold on India's digital payments

Highlights

  • Amazon Pay, WhatsApp, CRED and others set to meet NPCI over competition concerns.
  • PhonePe and Google Pay processed 80 per cent of 22.6 billion UPI transactions in March.
  • Proposed 30 per cent market share cap on UPI apps delayed until December 2026.
Amazon and Meta are among the big tech companies planning to push back against the dominance of PhonePe and Google Pay in India's digital payments market.
Executives from Amazon Pay, WhatsApp, CRED, MobiKwik and Flipkart's Super.money are due to meet the National Payments Corporation of India (NPCI), the body that runs the Unified Payments Interface (UPI), to raise competition concerns, TechCrunch first reported.

The meeting comes after India delayed a plan that would have capped any single UPI app's market share at 30 per cent, with the new deadline pushed to 31 December 2026.

That decision has given PhonePe and Google Pay more time to cement their positions, making it increasingly difficult for smaller players to gain ground.

Keep ReadingShow less