Grant of three billion rupees has been approved to Nepal from the Climate Damage Fund
Kathmandu. For the relief, rehabilitation and reconstruction of the communities affected by the devastating floods in the Bhotekoshi and Trishuli rivers due to climate change, the Climate Damage Loss and Damage Fund has decided to provide Nepal with 20 million US dollars and about 3 billion Nepalese rupees.
According to the Ministry of Agriculture, Forestry and Environment, the special meeting of the fund held on Thursday decided to provide the aid amount to Nepal. According to Dr. Maheshwar Dhakal, Joint Secretary of the Ministry and Head of Climate Change Management Division, the Government of Nepal made an official request for assistance to the Board of the Fund on August 31 to deal with the huge loss of people's wealth caused by the flood.
Dr. Dhakal, who is also Nepal's National Liaison Officer and Alternate Board Member for the Fund, informed that intensive discussions and coordination were held with board members from developed and developing countries at various stages to pass Nepal's proposal.
Express
Related News
Election expenses should be paid through a separate bank account
Kathmandu. Candidates have to transact through a separate bank account to keep the details of the expenses of the by-election correct. Nepal Rastra Bank has instructed banks and financial institutions to make arrangements for opening bank accounts...
Nepali Congress Central Working Committee meeting continues today
Kathmandu. The meeting of Nepali Congress Central Working Committee will be held today. Chief Secretary Krishna Prasad Paudel informed that the meeting will be held again at the central office of the party, Lalitpur at 1 o'clock. The central membe...
An arch bridge is being built at a cost of 1 billion 21 crores
Damauli. The work of a four-lane bridge under construction at Damauli Bazar under the Muglin-Pokhara road section is going on in full swing. Muglin Pokhara Road Plan Eastern Section has reported that 77 percent progress has been made on the bridge...
Despite ample imports, gas shortages in the market, consumers still on the line
Kathmandu. In the last two weeks, about 30,000 metric tons of cooking LP gas has been imported into Nepal, businessmen have claimed. According to industrialists, an average of more than 100 bullet gas is being imported daily. However, although the...
Nepal Rastra Bank is collecting one trillion deposits today, and the interest rate will be decided by negotiation
Kathmandu. Nepal Rastra Bank is going to collect deposits worth one trillion rupees today to manage excessive liquidity in the financial system. The Monetary Management Department of the Central Bank has issued a notification calling for the colle...
New interest rate of commercial banks for August announced, how much of which bank?
Kathmandu. The rate of interest of commercial banks has continued to decrease. This is shown by the details of the new interest rates released by the commercial banks for the month of August. Compared to July, the average interest rate for both in...


