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 Disaster-induced incidents claim 23 lives in 12 days Pakistan pushes Iran-US talks Iran plans to hold Caspian Summit in August despite conflict Government launches drive to clear riverbank settlements ICC Women’s T20 Challenge: Nepal loses to Vanuatu Iran state media confirms FM travelling to Pakistan Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepali Congress provides financial assistance for Samba’s treatment2 Jagdamba Group Chairman Shankar Agrawal Arrested3 PM Karki addresses 61st Session of Human Rights Council: Reaffirms Nepal’s unflinching commitment to advancing human rights4 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane5 NC President Thapa expresses sorrow over Dhading bus accident6 Govt declares three-day public holiday of election7 Two Offices Under Ministry of Communication to Be Abolished8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? UPAYA CITY CARGO LAUNCHES Version 3.0 We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Namrata is Miss Nepal 2020 Gunjan Saxena:The Kargil Girl serves a refreshing depiction of a war film Now more than ever, support the IT sector Tourism entrepreneurs get crash course in Chinese language
