The Council of Ministers meeting has approved the removal of the upper limit on foreign investment through the automatic route in specified industrial and business sectors.
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The government has decided to accept a grant assistance of two million US dollars from the Asian Infrastructure Investment Bank for the preparation of the Siddhartha Highway (Butwal-Pokhara section) improvement project.
The decision of the Cabinet meeting on Thursday was made public through a press conference at the Ministry of Communications and Information Technology on Friday, government spokesperson and Home Minister Om Prakash Aryal said.
The Cabinet meeting has approved the removal of the upper limit on foreign investment through the automatic route in the specified industrial and business sectors. The meeting has decided to grant permission to Dr. Rajendra Prasad Mishra, Secretary of the Ministry of Agriculture and Livestock Development, to participate in the 'First South Asian Agroforestry and Trees Outside Forecast Conference' to be held in New Delhi, India from 22 to 24 Magh.
The Cabinet meeting has decided to support the visit of the Foreign Minister to Bangladesh, who participated in the funeral ceremony of former Bangladesh Prime Minister Gegham Khaleda Zia from 2082 Poush 15 to 17.
Home Minister Aryal informed that it has been decided to grant approval to the Provincial Public Health Laboratory to use five ropanis of land in Bhaktapur district registered in the name of the Government of Nepal for the purpose of constructing an office building.
Similarly, the meeting has granted approval to the Drinking Water and Sanitation Division No. 3, Sindhupalchowk, registered in the name of the Government of Nepal, to use one ropani of land in Kavrepalanchok district, registered in the name of the Government of Nepal. The Council of Ministers meeting has decided to grant approval to publish the Kigali Amendment to the Montreal Protocol, passed by the House of Representatives on Falgun 27, 2081 BS, with an additional number of Falgun 27, 2081 BS, and to publish a notice in the Nepal Gazette.
