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 Why the US-Iran peace deal matters to Nepal? RSP to hold first convention as statute changes take focus Government forms task force to resolve long-running Pathibhara cable car… CIAA summons former foreign minister in passport printing probe Investment in innovation sector helps improve country’s economy: Minister Pun Minister informs HoR, Rs 88.33 billion budget allocated for Intensive… Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane4 Jagdamba Group Chairman Shankar Agrawal Arrested5 Court Orders Release of UML Rekha Sharma6 Two Offices Under Ministry of Communication to Be Abolished7 Nepali Congress provides financial assistance for Samba’s treatment8 TRENDING Pathao, Tootle resume ride sharing services after authorities relax lockdown A phone call that paved the way for RAW Chief’s visit to Nepal National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society Public Relations for a Soldier Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus
