NEPALPRESENTS BILL FOR PARLIAMENT'S APPROVAL TO FIGHT TERRORISM
BHARAT MOHAN ADHIKARI PRESENTS DRAFT BUDGET FOR NEXT FISCAL IN PARLIAMENT UPDATE
Kathmandu, 22 June: Deputy Prime Minister and Finance Bharat Mohan Adhikari Wednesday presented a proposed budget draft for fiscal year 2011/12 in parliament Wednesday.
The communist majority government hopes to incorporate suggestions from parties for incorporation in government’s policies and programmes to present to present a complete budget.
Untimely presentation of budgets because of differences between parties in two previous years has adversely affected the national economy.
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United States Agency for International Development and Microsoft Innovation Center Nepal initiate public-private partnership
Kathmandu, 22 June: On June 22, 2011, United States Agency for International Development (USAID) and Microsoft Innovation Center Nepal partnered to co-host NGO Day: an all-day event that aimed to encourage Nepalese NGOs to utilize technology to further the impact of their development programs. The NGO Day event reflected USAID’s and Microsoft’s shared commitment to the development of Nepal, US embassy said.
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DRAFT OF CONVENTION TO PREVENT FIANANCING TERRORISM PRESENTED IN PARLIAMENT FOR APPROVAL
Kathmandu, 22 June: Deputy Prime Minister and Minister for Finance Bharat Mohan Adhikari Wednesday tabled a proposal on 'International Convention on Prevention of Financing Terrorism' for parliamentary approval in parliament Wednesday.
Nepal has been threatened with blacklisting by the ‘international community’fornot acceding to the convention.
The process to ratify the convention has been delayed.
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$99 MILLION WORLD BANK ASSIST
Kathmandu, 22 June: World Bank Tuesday decided to pump in $99 million to Nepal Electricity Authority (NEA) to completion of Nepal-India Electricity Transmission and Trade Project (NIETTP) to meet chronic power shortage.
Nepal will get with at least 100 MW of additional electricity from India with the programme’s execution.
“Increasing access to electricity is one of the most significant development challenges facing Nepal today,” said Susan Goldmark, World Bank Country Director for Nepal. “For the first time this project will help mitigate deficits through the trade in electricity. Once Nepal develops its hydropower potential and meets its domestic needs, the transmission infrastructure could also be used to export surplus hydropower and earn revenues for Nepal.”
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