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 Nepali Army Chief Sigdel to Visit China for 11th Beijing… Dengue risk rising in hills too, 7 infected in Baitadi Heavy rainfall predicted in hilly regions of Koshi, Bagmati, Gandaki… PM Oli confers ‘Outstanding RTI Activist Award’ on Gaunle Bailey bridge over Puwa Stream inaugurated PM scheduled to respond to lawmakers’ queries at HoR meeting… Top Headlines Relevance of Prithivi Narayan Shah in Contemporary Nepal1 Scrutinizing Relevance of Prithivi Narayan Shah´s Thoughts and Strategy2 Photo exhibition at Nepal Army Headquarters3 Ncell is the FIRST Nepali Telecom Company to receive ISO 27001 and ISO 27701 certifications for information security and data privacy4 Huawei Unveils 83 Global Showcases and 10 Industry Solutions at MWC Barcelona 2025 to Promote Industrial Intelligence5 PM Oli, Sri Lankan’s former President meet6 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’7 Gold price ups Rs 2,000 per tola8 TRENDING A phone call that paved the way for RAW Chief’s visit to Nepal Impact of Social Media on Nepalese Society Public Relations for a Soldier Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities 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 The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels Govt Making Preparations to Reduce the Tenure of Armed Police Force’s IG to Three Years
