Fiscal Nepal
First Business News Portal in English from Nepal
Balen cabinet meeting new
KATHMANDU: The government on Monday announced four major decisions taken during the latest Cabinet meeting, including the appointment of a new chief at Nepal’s aviation regulator, paddy support prices for the upcoming fiscal year, and approval of a key cross-border power transmission project with China.
Government Spokesperson and Education Minister Sasmit Pokharel made the decisions public following the Cabinet meeting.
Among the key decisions, the Cabinet appointed Mukesh Dangol, a Joint Secretary at the Ministry of Culture, Tourism and Civil Aviation, as the Director General of the Civil Aviation Authority of Nepal (CAAN).
Dangol was selected to lead Nepal’s aviation regulatory body at a time when the sector is under pressure to improve safety oversight, airport infrastructure, and regulatory governance.
The Cabinet also fixed the minimum support price (MSP) for paddy crops for the fiscal year 2083/84.
According to the decision:
The support price aims to protect farmers from market volatility and ensure a guaranteed return during the paddy harvest season.
In a major infrastructure and energy decision, the government approved a Letter of Reply to be sent to China for the implementation of the Chilime–Kerung cross-border electricity transmission line project, which is expected to strengthen Nepal–China energy connectivity.
The transmission line project is considered strategically important for cross-border electricity trade and long-term power cooperation between Nepal and China.
The Cabinet also decided to publish the report of the Cooperative Irregularities Investigation Commission 2082, a move expected to shed light on mismanagement and governance issues in Nepal’s troubled cooperative sector.
The report is likely to be closely watched by depositors, regulators, and policymakers amid growing concerns over financial irregularities in several cooperative institutions.
The four decisions reflect the government’s priorities in aviation governance, agriculture support, energy connectivity, and financial accountability, as it prepares for the upcoming fiscal year.
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