IFC to invest ten percent share in upper Karnali

Kathmandu, 20 Dec 2014: The International Finance Corporation (IFC) is to invest ten per cent share in the Upper Karnali Hydropower Project. An agreement towards that end is taking place between the project promoter Grandhi Mallikarjuna Rao Group (GMR) and IFC on coming Monday.

IFC country manager for Nepal Kyle Kelhofer called on Finance Minister Dr Ram Sharan Mahat Friday and informed him about the Corporation decision to own the project share.  On the occasion, Minister Mahat was assured that the project would see no lack of resources, the Ministry said.

Other projects such as Upper Arun, Kabeli and Upper Trishuli-1 are in the list of IFC investment, it is learnt. RSS

Minister Acharya assures of human rights-friendly constitution

Biratnagar, Dec 20: Minister for Forest and Soil Conservation Mahesh Acharya has assured that a new constitution would guarantee human rights, democracy, peace and judicial rights of the people.

In his address to an interaction programme on the ‘constitution with human rights’ organised by Human Rights and Peace Society in Biratnagar Saturday, Minister Acharya said a new constitution would also ensure the rights of women, children and the aged citizens.

Talking about suggestions received regarding the form of governance in a new constitution, he said most of the members in the Constitutional-Political Dialogue and Consensus Committee have voiced in favour of the parliamentary system.

Minister Acharya who represents the Nepali Congress in the coalition government further claimed that many political parties are in favour of the seven province-based federalism.

CPN (UML) district chairman Mahesh Regmi stressed that political parties should join their hands for drafting a human rights-friendly constitution to prevent the country from going to regression.

National Human Rights Commission (NHRC)  eastern regional director Koshraj Neupane, NC district secretary Yadu Bista, Chief District Officer Ganesh Raj Karki, Muslim Association central member Guljar Khan and Amnesty International general secretary Dik Prasad Ghimire were among those putting their views at the programme presided over by society Chairperson Dilli Ghimire.

Source:RSS