Cabinet recommends two ordinances to President

KATHMANDU: The government has decided to recommend the issuance of two ordinances to the President.

A Cabinet meeting held on Tuesday decided to recommend that the President issue an ordinance to amend the Press Council Act, 2048 BS, and another ordinance to amend certain Nepal laws related to culture, tourism and civil aviation, according to Government Spokesperson and Minister for Education and Sports Sasmit Pokharel.

The meeting also decided to accept a concessional loan of USD 285 million and grant assistance of USD 20 million from the Asian Development Bank (ADB) for road upgrading projects.

Similarly, the Cabinet approved additional investment by the government in Nepal Reinsurance Company Limited through the purchase of its right shares, Pokharel said.

The meeting also approved the participation of a high-level Nepali delegation in the 31st Conference of the Parties (COP31) to the United Nations Framework Convention on Climate Change (UNFCCC), scheduled to take place in Antalya, Türkiye, from November 9 to 20.

Likewise, the Cabinet decided to include nano-fertilizers, biostimulants, and commercially produced and marketed organic and bio-fertilizers in the list of essential substances. It also approved the Fertilizer Control Order, 2083.