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 Monetary Policy 2024/25: Bank rate and deposit collection rate lowered Hamro Bachat ko Samman ra Sahi Lagani’ – Laxmi Sunrise… Memo handed to PM Oli demanding prompt grant amount to… Six police personnel rescuing pilot from danger awarded Drivers dead as two trucks collide head on NCB and Department of Passports sign MoU on crime control 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 Dhakal recommended as SC chief registrar4 Govt. forms former-judge Poudel led probe commission to investigate Balkumari incident5 President expresses concern over ’emptying’ villages for lack of employment opportunities6 PM Dahal stresses on developing innovative agricultural system7 Manpower agency owner arrested for cheating more than Rs 1.9 million8 TRENDING The Role of the Nepalese Army in Strategic Road Projects A phone call that paved the way for RAW Chief’s visit to Nepal UPAYA CITY CARGO LAUNCHES Version 3.0 Nepal Army’s mission in Lebanon provides Covid support kits to local municipalities Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Why Are Boys Unexpressive? Lockdown 2.0: What the Government should do this time around