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 PM Prachanda says country exporting 10,000 megawatts of electricity in… Media’s role significant in addressing climate change crisis: Minister Sharma Home Minister Lamichhane instructs TIA to prioritise passengers’ interests Laxmi Sunrise Bank Champions Women’s Empowerment through ‘Shikshit Laxmi’ Initiative Efforts underway to end parliament deadlock Price of gold hits Rs 140 thousand per tola Top Headlines Nepal, India sign long-term agreement on electricity export, materializing MoU reached during PM’s visit1 NC, Maoist Centre discuss about NA election2 1.3 kilos of gold confiscated from TIA3 Govt. forms former-judge Poudel led probe commission to investigate Balkumari incident4 Dhakal recommended as SC chief registrar5 Manpower agency owner arrested for cheating more than Rs 1.9 million6 President expresses concern over ’emptying’ villages for lack of employment opportunities7 PM Dahal stresses on developing innovative agricultural system8 TRENDING Pathao, Tootle resume ride sharing services after authorities relax lockdown The Role of the Nepalese Army in Strategic Road Projects UPAYA CITY CARGO LAUNCHES Version 3.0 Public Relations for a Soldier Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Nepal Army’s Brigadier General Bigyan Dev Pandey gets promoted to Major General Asheem Man Singh Basnyat: We can evolve as a company to better suit a post-covid world WAP and the portrayal of the female body as a commodity