Nepal | July 15, 2020

NCP secretariat meeting decides to halt MCC activities until ratified by Parliament

THT Online
Share Now:

KATHMANDU: The secretariat meeting of Nepal Communist Party (NCP) today decided to halt the Millennium Challenge Account (MCA) Nepal’s activities until the parliament approves of the Millennium Challenge Corporation (MCC) deal.

NCP (NCP) secretariat member and party spokesperson, Narayan Kaji Shrestha, told THT Online that the meeting decided to halt any activity related to the MCC, which is yet to be approved by the parliament. It is, however, mentioned in the federal budget for the fiscal year 2020-21 presented by Finance Minister Yubaraj Khatiwada.

Shrestha quoted the Prime Minister as saying that activities of MCC will take place only after the parliament approves of it.

Discussions were carried out to clarify the inclusion of MCC in the annexure of the budget. The MCC would be brought into implementation if ratified by the parliament, otherwise, the government would move ahead seeking an alternative, Shrestha has quoted the Finance Minister.

In the budget, the government has pledged to build Lapsiphedi-Ratmate-Hetauda and Lapsiphedi-Ratmate-Damauli-Butwal 400 KV electricity transmission line and has mentioned MCC’s Rs 5.73 billion in the foreign aid.

It has been learnt that some senior leaders were not satisfied with the mention of MCC in the budget which is yet to be approved. Before the budget was presented, the leaders had sought to know whether the electricity transmission line projects were government’s own or part of the MCC agreement.

Prime Minister and Co-chair of the party KP Sharma Oli, Co-chair Pushpa Kamal Dahal, General Secretary Bishnu Prasad Paudel, Madhav Kumar Nepal, Jhala Nath Khanal, Bamdev Gautam, Narayan Kaji Shrestha, Ishwar Pokhrel, and Ram Bahadur Thapa are the members of the party secretariat.

Also present in today’s meeting were Finance Minister Yubaraj Khatiwada, Foreign Minister Pradeep Gyawali, and standing committee member Bhim Rawal — members of the task force to study MCC Nepal compact agreement.

READ ALSO:


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Manchester United, Marcus Rashford, Premier League

United stay fifth after Saints grab last-gasp leveller

MANCHESTER: Manchester United's Champions League qualification hopes suffered a blow after an equaliser deep in stoppage time from Michael Obafemi earned Southampton a 2-2 draw in the Premier League at Old Trafford on Monday. United, unbeaten in 18 games in all competitions, were poised to m Read More...

Capital budget spending at two-decade low of 40 per cent

KATHMANDU, JULY 13 With just two days remaining for the 2019-20 fiscal year to end, capital budget expenditure throughout the year stands at one of the worst ever at 39.62 per cent. Officials at the Ministry of Finance said capital expenditure during the current fiscal year, which was primaril Read More...

Mayur company resumes bus service in Kathmandu

Kathmandu, July 13 Mayur Yatayat Company resumed its bus services from today in Kathmandu valley amid the COVID-19 pandemic. The decision of Mayur Yatayat has come as a relief to commuters at a time when other public transportation entrepreneurs were refusing to operate their services citing f Read More...

‘Press freedom should involve accountability’

Kathmandu, July 13 Minister of Communications and Information Technology Dr Yubaraj Khatiwada said the CIT Ministry ought to start digitisation first, by utilising the advancement of information technology. As the government has adopted a digital framework, we should become paperless in our activ Read More...

Absconding murder suspect held after 13 years

Kathmandu, July 13 Police have nabbed one of the two prime murder suspects of the much-hyped Sitapaila murder case that had happened 13 years ago. Two workers at a saw mill had allegedly killed its owner, his wife and inflicted serious injuries to their 15-year-old son on the night of 2 Januar Read More...

US debates school reopening, WHO warns 'no return to normal'

MIAMI: The resurgence of the coronavirus in the United States ignited fierce debate Monday about whether to reopen schools, as global health officials warned that the pandemic will intensify unless more countries adopt comprehensive plans to combat it. “If the basics aren’t followed, there is Read More...

landslide

COVID-19 control, disaster management top priorities

Kathmandu, July 13 Tokha Municipality in Kathmandu has set priorities for containment of COVID-19 crisis and disaster management in the budget for the upcoming fiscal year. The municipality that is located in the northern belt of Kathmandu unveiled a budget for Rs 1.58 billion for the fiscal y Read More...

US budget deficit hits all-time high of $864 billion in June

WASHINGTON: The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues. The Treasury Department reported Monday that the deficit hit $864 billion last Read More...