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Monthly Archives: June 2015

Nepal signs framework agreement of China-led AIIB

Nepal has become the founding member of Asian Infrastructure Investment Bank. Nepal, alongwith 50 countries across Asia, Australia, Europe and South America, signed article of agreement of the Asian Infrastructure Investment Bank in Beijing today. Though, some 57 governments have expressed

CDC endorses final draft, to table in full house tomorrow

Constitution Draft Committee (CDC) endorsed the preliminary draft of the constitution prepared by the taskforce with minor reservation. The committee is going to table the draft in the Constituent Assembly (CA) meeting tomorrow. The committee chairman Krishna Prasad Situal will

Asian Infrastructure Investment Bank to born tomorrow

One of China’s biggest ever foreign policy successes will take concrete shape tomorrow when delegates from 57 countries including Nepal sign an agreement on Asian Infrastructure Investment Bank (AIIB) in Beijing. It will create a legal framework for the existence

Qatar-Nepal Labour pact on cards

Qatar has said that it is ready to sign long due labour pact with Nepal. According to an official source at the Labour Ministry of Qatar, negotiations with Nepal concerning domestic recruitment has ended and an agreement will be signed

Three file nomination for FNCCI top post

Three contenders including incumbent officiating president Pashupati Murarka, former senior vice president Bhaskar Raj Rajkarnikar and former vice president Bhawani Rana filed their nomination today for the top post of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) despite

Bad weather, rugged terrain caused US chopper crash in Nepal: Army

Bad weather and rugged terrain of Himalayan region caused crash of a US military helicopter distributing aid to victims of earthquake in Nepal in May, according to the probe report. “Because of the terrain and bad weather the helicopter collided

Taskforce sends preliminary draft of constitution to CDC

The Task Force – under Constitution Drafting Committee (CDC) – today submitted the draft of new Constitution to the CDC, leaving some of the unresolved issues pending for now. However, the Task Force submitted the draft including pluralism and people’s

IMF refuses debt relief for Nepal

International Monetary Fund (IMF) has refused debt relief for Nepal as it has not met all the criterion for the debt relief. IMF spokesperson Gerry Rice today said that Nepal will not receive debt relief from a special IMF trust

UNDP Asia-Pacific chief congratulates Nepal on holding a successful rebuilding conference

UN Assistant Secretary General and UNDP Regional Director for the Asia-Pacific Haoliang Xu has congratulated Nepal on holding a successful conference on rebuilding Nepal in the aftermath of a powerful earthquake that struck Nepal on April 25. The rebuilding conference

Canada announces additional humanitarian support in response to Nepal earthquake

Canadian minister of International Development and La Francophonie Christian Paradis announced yesterday that the Government of Canada will provide an additional Canadian dollar $13 million in humanitarian assistance to support the continued relief efforts underway by experienced Canadian and international

Health of quake survivors at risk without regular services: WHO

The World Health Organisation (WHO) showed serious concern on health of earthquake survivors. The health of people, who survived the devastating earthquakes could be at risk, if regular services were not rebuilt and restored on a priority and sought the

Development partners pledge more than half Nepal’s need

Development partners – including both multilateral and bilateral – today pledged $4.4 billion in aid that is almost two-third the Post Disaster Need Assessment (PDNA) estimation for the reconstruction of Nepal. According to preliminary estimation of PDNA, Nepal needs Rs

Rebuilding livelihoods, Building Back Better key for Nepal: ADB vice-president

Nepal needs immediate help to rebuild livelihoods after last month’s devastating earthquake but in the longer term, the country must make sure it is more resilient to future disasters, according to Asian Development Bank (ADB) vice president for Knowledge Management

Australia pledges aid AusD6 million

Australia pledged an additional support of AusD6 million (equivalent to Rs 472.02 million) for Nepal’s reconstruction. Australian ambassador to Nepal Glenn White announced the aid at the International Conference on Nepal’s Reconstruction (ICNR2015) here in Kathmandu today. Nepal’s development partners

ADB releases immediate assistance of $200 million

Asian Development Bank (ADB) today announced an immediate assistance of $200 million for helping Nepal’s reconstruction process. It is a part of $600 million fund pledged by the development partner in the International Conference on Nepal’s Reconstruction-2015 (ICNR 2015). “ADB’s

Probe ponel reveals WFP supplied damaged rice

A parliamentary investigation concluded that rice supplied by the United Nations World Food Programme (WFP) – to earthquake victims in Larpak of Gorkha district – was substandard. The WFP officials had distributed substandard rice to the earthquake victims in Gorkha

President, PM discuss ordinance on reconstruction authority

President Dr Ram Baran Yadav and Prime Minister Sushil Koirala today held discussions at the former’s official residence at Shital Niwas on proposed high level authority for reconstruction. During the meeting, they talked about the preparation on bringing an ordinance

Donor conference to chalk out plan for reconstruction

The devastating earthquake of 7.8-magnitude that shook the country on April 25, and the numerous aftershocks that followed, left the country with losses amounting to a third of the total economy. With the National Planning Commission prepared Post-Disaster Needs Assesment