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Cabinet Approves Ordinances and Financial Agreements with Asian Development Bank


Kathmandu:The government has decided to recommend two ordinances to the President for issuance. A cabinet meeting held on Tuesday took the decision to recommend the President to issue the Ordinance designed to amend the Press Council Act, 2048, and another ordinance designed to amend some Nepal Acts including Culture, Tourism, and Civil Aviation, shared government spokesperson and Minister for Education and Sports, Sasmit Pokharel.



According to National News Agency RSS, the meeting also decided to accept a concessional loan amounting to 285 million US Dollars and a grant assistance of 20 million US Dollars to be received from the Asian Development Bank for road up-gradation.



Spokesperson Pokharel shared the cabinet decided to allow the government to invest additional right shares of Nepal Reinsurance Company Limited. The government has granted permission to a high-level delegation to participate in the COP-31 to be held in Antalya of Turkiye from November 9-20.



Likewise, the cabinet decided to include nano-fertilizer, bio-stimulant as well as commercially produced and distributed organic and bio-fertilizer in the list of essential substances, and approve the Fertilizer Control Order, 2083.