Cabinet Unveils 7 Key Decisions, Approves $5 Million ADB Grant for Flood Relief
Summary
The government has approved a US$5 million ADB grant for emergency relief after the Bhote Koshi floods and announced relief measures for affected people, businesses and security personnel. It also declared a public holiday for Gen Z Martyrs’ Day and a national day of mourning for the flood victims.
Key Points
- The Cabinet accepted a US$5 million grant from the Asian Development Bank for rescue and relief work for people affected by the Bhote Koshi floods.
- It approved relief, tax and customs concessions under an integrated business recovery plan for affected individuals, industries, traders and businesses in Rasuwa.
- The government decided to import 25,000 metric tonnes of sugar through two state trading bodies with a 1% customs duty.
- Bhadra 23, 2083 was declared a nationwide public holiday for Gen Z Martyrs’ Day, while Bhadra 22 will be observed as a National Day of Mourning.
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