New Delhi. People visiting Nepal for tourism, treatment, or business can now carry more cash. The government of Nepal has raised the cash limit for Indians to 4.25 lakh rupees from 25 thousand. Other foreign travelers will now be able to carry five thousand US dollars (4,34,048 rupees) in addition to traveler’s cheques. Other foreign nationals will have to provide written declaration to the customs office for amounts exceeding six lakhs. Till now, the Indian travelers suspected of carrying more than 25 thousand rupees cash, risked losing it to customs or the Nepal police. The government of Nepal has made this decision to enhance tourism and business. Along with not requiring a passport or visa for traveling, the free movement has been a boost to Indian tourists visiting in large numbers to Kathmandu, Pokhara, Pashupatinath, and other tourist sites. Lower border regions also travel to Nepal for dental and ocular treatments. The expenses are lower than in India. Traders and merchants dealing in business of spices, dry fruits, and cosmetic products regularly travel to Nepal.Decline in tourism numbers is currently being noticed There has been a persistent decline in the number of Indian tourists in the last few years. The restriction of a cash system of ₹25,000 was thought to be the reason behind this. During the Union Cabinet meeting of Nepal, Deputy Prime Minister cum Finance Minister Vishnu Prasad Paudel lifted this cash limit for Indian tourists, which is now in effect. There is still a restriction of the circulation of ₹100 Indian notes in Nepal, which remains in effect. Indians residing in the bordering regions are pleased with this decision from the government of Nepal.
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