MCC Compact Enters Implementation Stage

The House of Representatives (HoR) has endorsed the much-awaited Millennium Challenge Corporation (MCC) Nepal Compact with majority votes. In line with Article 279 of the Constitution of Nepal, 2015, a draft treaty of the MCC compact was approved through voice vote on Sunday night after Speaker of the Lower House of Federal Parliament Agni Prasad Sapkota urged lawmakers, who were in favour of the US grants project, to ra

MCC Ratification Deepens Alliance

With the House of Representatives endorsing the Millennium Challenge Corporation (MCC) Nepal Compact with a majority voice vote, the conundrum surrounding the US grant has now been laid to rest. The approval has ended months of uncertainties and has now allowed the donor country to go ahead with implementing projects under the American grant, amounting to $500 million. The three ruling coalition parties – CPN- Maoist Centre, CPN - Unified-Socialist and Janata Samajbadi Party - that kept opposing...

Omicron And Herd Immunity

The COVID-19 pandemic has been with us for a little over two years. There are no signs of the disease abating. Rather, it has been stronger in countries or places where it was inactive till some time ago. For example, it is surging in Bhutan, which had been able to keep the surge in the disease at bay. Likewise, some Pacific countries are also witnessing a surge in infections.

The Sixth Sense

We often talk about intuition. Unlike logic, which draws conclusions from known facts, intuition is the ability to receive information at the level of sensations, without the use of any analytical data. Recently, scientists have become seriously interested in the phenomenon of the so-called “sixth sense”.

Australia to send lethal weapons to Ukraine

The Australian government’s announcement Monday gave no details on what material it may be sending. The move follows an offer on Friday of non-lethal military equipment, medical supplies and a $3 million contribution to a NATO trust fund for support of the besieged country.

New dairy industry comes into operation

A dairy industry built with an investment of Rs. 100 million in Hariwan Municipality-9, New Road, Sarlahi, has come into operation. Operator of the industry Raghav Singh has claimed that the milk dairy named Mangalam Dairy and Foods Industries is the largest in Madhes. According to Singh, Rs. 100 million has been invested in the industry.

NEA receives ‘Double A Plus’ credit rating

The government-owned Nepal Electricity Authority (NEA) has received a 'Double A Plus' credit rating. ICRA Nepal Ltd., the credit rating agency in Nepal, has given a credit rating of ‘ICRA NP Double A Plus’ level to the NEA. Achieving a ‘Double A Plus’ rating means a high capacity to carry out its financial and economic obligations on time. Financial transactions with an institution with a ‘Double A Plus’ rating carry very low debt repayment risk.

US Embassy welcomes MCC’s ratification

A few hours after the House of Representatives ratified the $500 million-dollar Millennium Challenge Corporation (MCC) Nepal Compact, the US Embassy in Kathmandu welcomed the decision of the parliament.

Nepal’s image has heightened

Minister for Communication and Information Technology Gyanendra Bahadur Karki said that it was a historic achievement. Speaking after the ratification of the Millennium Challenge Corporation (MCC) compact from the House of Representatives, he said that attempts to make people confuse by misinterpreting the purely economic assistance has now been over.

Prof. Khatri appointed envoy to USA

President Bidya Devi Bhandari Sunday appointed Prof. Sridhar Khatri as Nepal’s Ambassador to the United States of America (USA). According to a press statement issued by the Office of President this afternoon, Prof. Khatri was appointed as the envoy to the USA under the Article 282 of the Constitution of Nepal upon the recommendation of the Cabinet meeting.