Desk by Muna
The government has decided to invest seven billion rupees in Nepal Oil Corporation.
In a press conference held at Singha Darbar on Sunday to announce the decision of the Council of Ministers, Government Spokesman Gyanendra Bahadur Karki informed that the Ministry of Finance has decided to invest 7 billion rupees as the Oil Corporation, which has adjusted the price of petroleum products, has insufficient funds to pay the Indian Oil Corporation Limited.
Similarly, it has been decided to provide Rs 598.6 million as a subsidy to the Nepal Oil Corporation for the price adjustment due to the infrastructure tax on petroleum products, spokesperson Karki said.
The meeting has decided to extend the financial management period of the Upper Karnali hydropower project by two years, while it has decided to approve the release of funds collected from the public for the Jure landslide victims.
Similarly, it has been decided to continue the ban on the import of 10 different items until August 30th to reduce the trade deficit, he said. He also said that the standard for providing incentive facilities to those affected by bird flu and those employed in control has been approved.
Spokesperson Karki informed that the meeting decided to approve the bill to amend the Truth and Reconciliation Commission and the Disappeared Persons Investigation Commission Act 2071 to be submitted to the Parliament.
Likewise, the Council of Ministers has appointed Pradeep Sharma Poudel from Parbat as the executive director of the National Information Technology Center.
Source: Himalayan Tele-Voice
