गृहपृष्ठ ∕ Business ∕ Contracts of stalled projects will be terminated: Finance Minister Mahat Business Contracts of stalled projects will be terminated: Finance Minister Mahat KathmanduPati August 14, 2023 File Photo KATHMANDU – Finance Minister Dr. Prakash Sharan Mahat has made it clear the contracts of projects failing to report the progress will be terminated. During his discussions with protesting contractors at his office today, the Minister said the government would clear its payments to contractors, but again it would not hesitate to cancel contracts of stalled projects. In case of those projects for which the termination of the contracts is not a feasible option, he urged for the management of the budget and the acceleration of the projects. It is noted that the Federation of Contractors’ Association of Nepal (FCAN) has been agitating under its second phase of the protest since August 10, alleging the government’s procrastination to release payments to them. Write your comments RELATED NEWS Nepal urges preparedness as super El Niño looms Nepal’s RSP expands secretariat, names key officials Nepal finance minister rules out demonetisation plan Nepal PM Balendra Shah heads to Pokhara, Mustang Imran Khan returned to jail after hospital check-up US national debt surpasses $40 trillion, more than doubling in… Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 When the State Pulls the Trigger, Who Answers ?2 Before the Ballots: How Oli Lost the Political Narrative3 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Nepal “a Buffer State”: Rethinking foreign policy in relative terms6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Jagdamba Group Chairman Shankar Agrawal Arrested8 TRENDING Pathao, Tootle resume ride sharing services after authorities relax lockdown National Poet Madhav Prasad Ghimire no more Public Relations for a Soldier Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions Hungry people out on streets, but the government nowhere to be seen Gunjan Saxena:The Kargil Girl serves a refreshing depiction of a war film The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels
