Latest news with #BishnuPaudel
News18
3 days ago
- Business
- News18
China to rebuild flood-damaged infrastructure in Nepals Rasuwa: officials
Agency: PTI Last Updated: Kathmandu, Jul 21 (PTI) China on Monday pledged support to Nepal for reconstructing infrastructure damaged by recent floods in Rasuwa district and restoring customs operations, officials here said. The Nepal-China Friendship Bridge, connecting the two nations, along with several hydropower projects and a dry port, was severely impacted by flash floods that struck Rasuwa on July 8, 2025. The assurance came during a meeting between Nepal's Finance Minister Bishnu Paudel and a Chinese delegation led by Chen Xiaodong, Chairman of the China International Development Cooperation Agency (CIDCA), at the Finance Ministry here, officials said. Discussions also covered Nepal-China bilateral ties, development cooperation, and ongoing and future Chinese-funded projects, they said. Deputy Prime Minister Paudel, emphasising post-disaster recovery as Nepal's priority, expressed gratitude for China's commitment to rebuilding the affected infrastructure. During the meeting, Nepal and China also signed MoUs for four projects, including the construction of a bone marrow transplantation facility at BP Koirala Memorial Cancer Hospital and a feasibility study for expanding the Civil Hospital. Finance Secretary Ghanashyam Upadhyaya and CIDCA Chairman Chen signed the MoU on behalf of their respective governments. A MoU was signed to facilitate human resource development, enabling over 1,200 Nepalese government employees to participate in bilateral and multilateral seminars organised by China-based institutions. An agreement was signed between Nepal Electricity Authority Managing Director Hitendra Dev Shakya and Chen for a feasibility study on the Rasuwagadhi-Kerung Transnational Electricity Transmission Line. PTI SBP SCY SCY (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 21, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Standard
17-06-2025
- Business
- Business Standard
Budget And Economy
Nepal's Deputy Prime Minister and Finance Minister Bishnu Paudel on Thursday unveiled a budget of approximately NPR 1,964 billion for the upcoming fiscal year 2025-26. Paudel allocated NPR 730 million in subsidised loans to support startups in the budget, which was presented during the joint session of the Parliament. The loan scheme will be offered at a concessional interest rate of just 3 per cent and is aimed at encouraging innovation and entrepreneurship, particularly among the Gen-Z people (those born between 1997 and 2012). For the social security allowance, the government has allocated NPR 109 billion in the budget, which will take effect from mid-July. Similarly, NPR 10 billion has been set aside for health insurance. Additionally, to attract international students, free visas will be offered as part of a scheme outlined in the budget to foreign students wishing to pursue higher studies in Nepal.
&w=3840&q=100)
Business Standard
29-05-2025
- Business
- Business Standard
Nepal govt announces budget of nearly Rs 2,000 billion for 2025-26
Nepal's Deputy Prime Minister and Finance Minister Bishnu Paudel on Thursday unveiled a budget of approximately NPR 1,964 billion for the upcoming fiscal year 2025-26. Paudel allocated NPR 730 million in subsidised loans to support startups in the budget, which was presented during the joint session of the Parliament. The loan scheme will be offered at a concessional interest rate of just 3 per cent and is aimed at encouraging innovation and entrepreneurship, particularly among the Gen-Z people (those born between 1997 and 2012). For the social security allowance, the government has allocated NPR 109 billion in the budget, which will take effect from mid-July. Similarly, NPR 10 billion has been set aside for health insurance. Additionally, to attract international students, free visas will be offered as part of a scheme outlined in the budget to foreign students wishing to pursue higher studies in Nepal.
