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Politics

Cabinet approves US$22 mln in grants

Nepalkhabar

Nepalkhabar

 |  Kathmandu

(File Photo)

The decisions of the meetings of the Council of Ministers held on November 25 and November 29 were made public on Sunday.

Making the cabinet decisions public, Minister for Communications and Information Technology Prithvi Subba Gurung said that approval has been given to a framework agreement on fiscal mobilization under the public investment financing of the Government of Finland.

Likewise, Gurung said that the cabinet meeting has decided to allow the use of the national forest area for different projects and power transmission line development.

The meeting also approved the visit of Mayor of Pokhara Metropolitan City, Dhanraj Acharya, to South Korea for a study visit on waste management.

The meeting has approved 22 million US dollars in grants and 10 million US dollars in loan assistance to be received from the Asian Development Bank for Climate Resilient Landscapes and Livelihoods Project.

Spokesperson Gurung said that the meeting decided to accept 110 million US dollars in subsidized loans and 15 million US dollars in grants to be received by the Nepal government from the Asian Development Bank for the implementation of the Mechanized Irrigation Innovation Project.

Likewise, India visit of Minister for Industry, Commerce and Supplies Damodar Bhandari was approved for his participation at 29th Partnership Summit to be held in New Delhi.

Similarly, the government has determined Rs 585 per quintal as the minimum support price for sugarcane including the cost of production, transportation cost and profits.

The cabinet has approved the memorandum of understanding (MoU) to be signed between the Government of Nepal and the International Water Management Institute. Likewise, the cabinet meeting has approved another MoU to be signed between the Government of Nepal and the International Center for Research in Agroforestry and the Center for International Forestry Research.

Spokesperson Gurung shared that the cabinet meeting also endorsed the government delegation to visit China during Prime Minister KP Sharma Oli's official visit from December 2-5. (RSS)



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