Modi said Nepal must identify its needs and priorities to deliver results."India will stand shoulder-to-shoulder to help Nepal in its development journey".
Jaitley, who was on a visit to Nepal, had said the NRB and the Reserve Bank of India would set a modality for the exchange of demonetised currency notes soon and settle the related issues.
Congress leader Ashok Gehlot takes a jibe at PM Narendra Modi for temple visits in Nepal.
As India and Nepal share the ancient culture and religion of the world, people from all over the world come to these two countries in search for peace, he pointed out.
There were also perceptions that Oli was leaning towards China than India.
"We have agreed to further strengthen our joint efforts on defence and security to control cross-border crimes that have been taking place by misusing our open borders that are quite important for people on both the sides", he said.
Both leaders also reiterated the importance of advancing cooperation in water resources for mutual benefit in areas such as river training works, inundation and flood management, irrigation, and to enhance pace of implementation of ongoing bilateral projects.
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The two leaders also discussed the implementation of various India assisted projects in Nepal and chose to bridge the implementation gap in some of the projects, the foreign secretary said.
The two prime ministers also laid the foundation stone of the 900 MW Arun III hydroelectric power plant project in Kathmandu, reported Reuters.
Earlier, in the day Modi was conferred with the guard of honour at a ceremonial function at Nepal Army Pavilion.
Modi landed in the southern city of Janakpur where he offered prayers at a famed Hindu temple.
Modi greeted and interacted with the crowd at both Janakpur and Muktinath after visiting temples.
He also thanked the locals and officials for their warm hospitality and said, "I thank the people of Kathmandu for the memorable civic reception". He was felicitated with a garland weighing 121 kg and a key to Janakpur city. Similarly, Nepal is incomplete without India and India is incomplete without Nepal.
"These connectivity measures will help Nepal to get better market access, thereby encouraging the establishment of industries and employment creation".