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Government decides to accept loan from WB, Milk price hiked



Gyanendra Karki
Minister for Communication and Information Technology Gyanendra Bahadur Karki (Photo: ET)

KATHMANDU: The government has decided to accept the concessional loan amounting to USD 150 million from the World Bank.

A talks team has been formed to proceed ahead the loan procuring process to be provided to Nepal under the ‘Finance for Growth Development Policy Credit’.

Unveiling the decision of the Cabinet meeting convened on January 31, Minister for Communication and Information Technology Gyanendra Bahadur Karki shared so here today.

The meeting also decided to waive fees for deposit and permit to the expedition team of the Nepali Army.

Teacher hospital

The decisions include granting approval in principle to the Ministry of Education, Science and Technology to start the process to establish hospital for the teachers.

The government decided to declare public holiday all over the country on February 2 on the occasion of Sonam Lhosar, informed Minister Karki.

Appointment and promotion

As per the decision, radio journalist Samir Jung Shah has been appointed as the Executive Chairman of the Nepal Television for maximum four-year term.

Prof Dr Shilu Manandhar has been appointed as the vice-chancellor of the Nepal Open University.

Joint-Secretary Ramesh Dangal has been promoted as the secretary of the government.

Jurisdiction has been determined for the Land Revenue Office and Office of Survey, according to Karki.

Milk price hiked

The meeting also fixed minimum price of unprocessed milk at Rs 56.4 per litre.