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Reading: Nepal to accept Rs 10.39 billion loan assistance of Japan
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National

Nepal to accept Rs 10.39 billion loan assistance of Japan

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ReetFeed 6 months ago 595 Views
Updated 2022/01/06 at 12:40 PM
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Nepal Loan Japan
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Nepal’s economic development and productivity would be aided by a Rs 10.39 billion ‘policy loan’ from the Japanese government.

On January 5, the cabinet opted to accept the loan aid. Minister for Communication and Information Technology, Gyanendra Bahadur Karki, stated this at a press conference held at Singha Durbar today to announce the cabinet meeting’s decisions.

The meeting also decided to approve Police Regulations (ninth amendment)-2078, appoint Yadu Lal Kharel as the Additional Chief Investigation Director of the National Investigation Department, effective January 7, and set the minimum sugarcane purchase price for the current fiscal year at Rs 520 per quintal.

Similarly, the government has decided to move forward preliminary land acquisition activities for various power distribution centers and transmission lines, designate the Chief of the Home Ministry’s Drug Control Section and Assistant Chief District Officer of all District Administration Offices as drug control officers, and provide acid attack survivor Muskan Khatun with Rs 300,000 in financial assistance, according to Minister Karki.

The meeting approved a partnership agreement for the construction of a motorable bridge over the Mahakali river in Darchula, linking Nepal and India, as well as appointing Surendra Basnet of Jhapa as Vice-Chairperson of the National Youth Council and forgiving first priority to cutting down trees within the area of large projects with national priority, and for conducting research to identify carbon reserves in the forest area.

Minister Karki, who also serves as the government’s spokesperson, stated that the government has decided to publish a regular edition of the Nepal Gazette every Monday and Thursday, to grant Gorkhapatra permission to acquire land for the construction of a godown building, and to promote Gazetted (first-class) Joint-Secretary Krishna Bahadur Raut to the post of a special class.

Minister Karki explained in response to a question that the government was dedicated to the freedom to transparency and that the government’s actions were not limited.

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TAGGED: Japan, Loan, Nepal, News
ReetFeed January 6, 2022
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