CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Govt forms a team to negotiate with ADB for a soft loan

CEO TAB by CEO TAB
September 13, 2019
in Prime News
0
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

-Narayan Dhungana

You might also like

Digital Economy Expanding Beyond Fintech and Digital Payments

Nepal Increases E-Passport Production Capacity

NRB Tightens Regulations on Hire Purchase Companies

Kathmandu, September 13: The government has formed a five-member team headed by Ministry of Finance International Economic Cooperation Coordination Division (IECCD) to hold dialogue with Asian Development Bank for a soft loan of Rs 11.5 billion.

The talk team was formed to negotiate regarding concessional loan assistance of Rsd 5.75 billion for the Food Safety and Agriculture Commercialization Programme and Rs 5.75 billion for Rural Enterprises Financing Project.

At a press meet at Singha Durbar yesterday, government spokesperson and ministry of Communications and Information Technology Gokul Prasad Banskota informed this while disclosing the Cabinet decisions. The meeting of the Council of Ministers took the decisions on September 8. The meeting also endorsed the vacancy of the employees required for different projects and programs. The cabinet has endorsed the vacancy of 25 temporary employees in One-Stop Service Centre for the fiscal year 2076/77 BS. The government has approved the vacancy for 260 employees for the program under the Department of Water Resource Irrigation, 56 for Truth and Reconciliation Commission, 23 for Commission for Investigation on Enforced Disappeared Persons. Likewise, the government endorsed vacancy of 272 employees for the programme under Ministry of Agriculture and Livestock Development and 19 for Livestock Sector Innovation Project, 58 employees for the various program under Ministry of Education, Science and Technology, 65 employees for projects under Ministry of Federal Affairs and General Administration, shared Spokesperson Banskota. The cabinet has extended the tenure of probe committee of Nepal Police Central Investigation Bureau formed to implement the probe committee report on land occupied by government and Guthi. The tenure has been extended for two months to remain valid up to October 15. Its term was expired on 13 August. According to the information minister, the government has extended the timeline of a commission formed to probe Biratnagar Jute Mill for a month from September 3. The government has decided to grant permission to use the forest for various purposes. Minister Banskota informed that the meeting decided to lease out 3,935 hectares of forest land at Timile of Bangchuli Rural Municipality in Dang district to Shubha Shree Agni Cement for excavation of raw materials for ten years and 5 hectare land from Thara Gaun in the same rural municipality to Samrat Cement for 15 years. Likewise, the meeting decided to lease out 0.48 hectares of forest land in Rupandehi district to expand the structures for 132-kv Butwal ( Gorusinghe-Lumbini ) transmission line to the Nepal Electricity Authority. Similarly, a decision was made to lease out 16.761 hectares of forest land in parts of Rupandehi district for the expansion of 132-kv Burtibang-Paudiamarai-Tamghas-Sandhikharka-Gorusinghe transmission line for 25 years. Today’s meeting of the Council of Ministers decided to declare police constable Sanjiv Rai who died in the line of duty. The family of Rai will be provided Rs 1 million as compensation. Rai was shot dead by the Netra Bikran Chand “Biplov”-led Nepal Communist Party in Bhojpur some time ago. A revolving fund worth Rs 50 million will be set up for organizing and managing Indra Jatra festival. The decision to this effect was made in today’s meeting, Banskota said. The federal government will provide Rs 10.5 million to set up the fund while province no 3 government will chip in Rs 10 million for the same. Likewise, Kathmandu Metropolitan City will dole out Rs 20 million for the same and Guthi Sansthan will contribute Rs 5 million for this cause, according to Banskota. A decision was made to consider a raise in remuneration of the staffers at the additional postal offices since new fiscal year 2019/20. The meeting has decided to appoint State-5 Chief Secretary Toyanath Gyawali to a gazetted senior-level post to the Nepal Administration Service (cluster). The meeting also decided to assign Nepal Army to construct 14-km of rocky part along the Khandbari-Kimathanka road. A decision was made to publish the notice in the Nepal gazette urging one and all not to strike or protest in the offices rendering the public services. The meeting also decided to grant permission for launching vacancy for 15 gazette post on a temporary basis needed for the National Youth Council for the current fiscal year.

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Digital Economy Expanding Beyond Fintech and Digital Payments

by CEO Tab
August 12, 2026
0
Digital Economy Expanding Beyond Fintech and Digital Payments

Nepal’s digital economy is expanding beyond fintech and digital payments into areas such as content creation, the gig economy and algorithm-driven businesses, experts said during a discussion organized...

Read more

Nepal Increases E-Passport Production Capacity

by CEO Tab
August 12, 2026
0
Nepal Increases E-Passport Production Capacity

The Department of Passports has significantly increased its capacity to produce electronic passports (e-passports) to meet growing demand. On August 10 (Shrawan 25), the department successfully printed 5,878...

Read more

NRB Tightens Regulations on Hire Purchase Companies

by CEO Tab
August 12, 2026
0
NRB Tightens Regulations on Hire Purchase Companies

Nepal Rastra Bank (NRB) has tightened regulations governing hire purchase companies to prevent excessive interest charges, improve transparency and strengthen financial discipline. Under the sixth amendment to the...

Read more

Government to Conduct On-Site Inspections of Madhesh Local Bodies Over Delayed Budgets

by CEO Tab
August 12, 2026
0
Government to Conduct On-Site Inspections of Madhesh Local Bodies Over Delayed Budgets

The government is preparing to conduct on-site inspections of local governments in Madhesh Province that have failed to announce their annual budgets within the stipulated deadline. According to...

Read more

Government to Raise Rs. 100 Billion in Internal Debt in First Quarter

by CEO Tab
August 11, 2026
0
Government to Raise Rs. 100 Billion in Internal Debt in First Quarter

The government plans to raise Rs. 100 billion in internal debt during the first quarter of Fiscal Year (FY) 2026/27, according to the annual borrowing calendar released by...

Read more
Next Post

Govt moots policy to slash the number of savings cooperatives-Minister Aryal

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.