Yes that is true. Had the Kings not been there for safeguarding Nepal, she wouldn't exist today. Even during the so called Jana Andolan 2, if you heard the recent interview of Gagan Thapa to BBC, you will realize that India was fully supporting them to make the govt fall and even enhancing their anti monarch campaign. While the US was asking them not to go against the palace, at least initially. This shows what India wanted to do. It wants to see Nepal weaked to the extent that it can handle it's govt. like it does now. The King in Jana Andolan 2 was proposed a deal by Karan Singh---- that was to give India Nepal's defence and foreign affairs, but the King turned it down saying "take whatever concessions you can from Girija, Madhav and Prachanda. They seem to have brought people to the streets." These were the words of the King which was conveyed to Karan Singh.