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Government to Accept USD 150 Million Concessional Loan from WB   

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Government to Accept USD 150 Million Concessional Loan from WB   
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February 1: The government has decided to accept a concessional loan of US$ 150 million from the World Bank.    

The government has formed a talks team to proceed ahead the process of acquiring the loan under the ‘Finance for Growth Development Policy Credit’ to Nepal.    

Minister for Communication and Information Technology Gyanendra Bahadur Karki made such announcement on Tuesday while unveiling the decisions taken by the cabinet meeting on January 31.

The meeting also decided to waive fees for deposit and grant permit to the expedition team of the Nepalese Army.

Other decisions include granting approval in principle to the Ministry of Education, Science and Technology to start the process to establish hospital for teachers.    

The government also decided to declare public holiday across the country on February 2 on the occasion of Sonam Lhosar, informed Minister Karki.

 As per the cabinet decision, former chairperson of Nepal Press Union Samir Jung Shah has been appointed the Chairperson of the Nepal Television for a maximum of four-year term.    

Prof Dr Shilu Manandhar has been appointed as the vice-chancellor of the Nepal Open University. Joint-Secretary Ramesh Dangal has been promoted as the secretary of the government. Jurisdiction has been determined for the Land Revenue Office and Office of Survey, according to Karki.    

The meeting also fixed the minimum price of unprocessed milk at Rs 56.4 per litre. -- RSS       

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