ICYMI: Here are our top stories from Tuesday, January 7
Here are some of the stories from The Kathmandu Post ( January 7, 2020) Nepal Electricity Authority and project officials at the site of under-construction New Butwal substation in Sunwal, Nawalparasi. Photo Courtesy: NEA
Here are some of the top stories from the Kathmandu Post ( January 7, 2020)
Construction of New Butwal substation nears completion
Construction work on the 220/132 kV New Butwal substation at Sunwal in Nawalparasi has reached the final stage, and it is expected to become operational by March.
According to the Nepal Electricity Authority, the substation is part of the move to reinforce the transmission system to facilitate bilateral and regional power trade, and enhance the national grid for domestic energy distribution.
IFC required to invest capital from local currency bonds in Nepal for at least three years
The International Finance Corporation has received permission from the government to issue Nepali currency bonds in international markets but will have to reinvest the capital collected back in Nepal for at least three years.
The private sector lending arm of the World Bank Group got approval from the Cabinet to issue Nepali currency bonds worth $20 million outside Nepal in November last year. This is the first time an international agency has been granted approval to issue Nepali currency bonds in international markets.
Children left behind are the hidden costs of labour migration
With thousands of migrant workers leaving the country for work abroad every year, countless children are left behind to grow up without their fathers and mothers.
Studies show that parent-child separation has a direct impact on the mental and emotional well-being of children. Adverse childhood events correlate positively with worse educational outcomes, feelings of abandonment, adoption of risky behaviour and mental illness.
Faced with factionalism, a beleaguered Congress still can’t get its house in order
Even as criticism mounts against the Nepali Congress’ failure to act as an effective opposition, the party itself is mired in a factional squabble that threatens to derail any further efforts at maintaining a check on the KP Sharma Oli administration.
A party faction led by Ram Chandra Poudel has boycotted the Congress’ Central Working Committee meetings and called a separate meeting of the district party presidents on Monday to mount pressure on party President Sher Bahadur Deuba. The Poudel faction has taken issue with Deuba’s decision to decide on a date for the party’s 14th General Assembly on a majority vote.
NCP members say leadership deferred Central Committee meet to avoid criticism
Even more than a year and a half after its formation, the ruling Nepal Communist Party has not held a meeting of its Central Committee, a crucial and most powerful body of the party.During the Standing Committee meeting, which was also held for the first time in one year, members while censuring the leadership over various issues had also demanded regular meetings of party committees. The Standing Committee meeting, which concluded on December 22, had then decided to call the Central Committee meeting for January 8.
But Sunday’s secretariat meeting decided to postpone the meeting to January 29.
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