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Indian Ambassador Visits Pension Camp

Jayant Prasad, Ambassador of India to NepalJayant Prasad, Ambassador of India to Nepal, recently visited Butwal to review the functioning of ongoing Seasonal Pension Paying Camp at District Soldier Board, Phulwari (Butwal) and also chaired an ex-servicemen rally. Besides interacting with the veterans and obtaining first hand feedback about their problems; he also distributed various grants to veterans and monetary assistance to the war widows.

According to Indian Embassy press release, the concept of conducting Seasonal Pension Paying Camp was instituted primarily as a welfare measure for Government of India pensioners in the year 1959. 

Pension Paying Office teams move to various parts of Nepal and distribute pension and other emoluments to pensioners. This platform is also being utilized to interact with Nepali officials locally deputed in that area, and resolve various issues related to its veterans/serving soldiers.  Currently there are 16 Seasonal Pension Paying Camps which are being conducted twice a year by three Pension Paying Offices located at Kathmandu, Pokhara and Dharan.  Seasonal Pension Paying Camp, Butwal is the largest camp with dependency of approx. 13,000 pensioners.

As on date there are some 1,25,000 pensioners who are drawing their pensionery emoluments from various Pension Paying Offices of the Indian Embassy.  Government of India distributes approx. NR 2000 crores annually in Nepal as pension to its pensioners.

Japan’s Grant To School Sector Reforms

The Government of Japan has extended a grant assistance of nine hundred and thirty million Japanese yen (¥930,000,000), equivalent to approximately nine hundred and ten million, four hundred and seventy thousand Nepalese rupees (NRs.910,470,000) in Japan’s FY 2011, to the Government of Nepal for the implementation of the Project for Basic Education  Improvement in Support of School Sector Reform in Nepal.

Notes to this effect were signed and exchanged between Kunio Takahashi, Ambassador of Japan to Nepal, and Krishna Hari Baskota, Secretary, Ministry of Finance, on behalf of their respective Governments.

Speaking on the occasion, Ambassador Takahashi expressed his firm hope that the grant will contribute in meeting the national concern of the Government of Nepal and international commitments in the education sector emphasizing equitable access by 2015. In addition, he also hoped that the continued Japanese economic cooperation to Nepal would accelerate the socio-economic development programs of the Government of Nepal, thereby, strengthening the existing friendly relations between Japan and Nepal.

World Bank To Strengthen Debt Framework

The World Bank’s Board of Executive Directors has approved a number of improvements to the analytical framework used for assessing debt sustainability and allocating IDA resources in low-income countries. These improvements ensure the framework remains relevant given the changing macroeconomic landscape facing low-income countries.

The paper, Revisiting the Debt Sustainability Framework for Low-Income Countries, which also was discussed by the Board of the International Monetary Fund (IMF), provides a comprehensive review of the Debt Sustainability Framework (DSF), a joint World Bank-IMF tool used to conduct public and external debt sustainability analysis.

EASA Mission Visits Nepal

Representatives of the European Aviation Safety Agency (EASA) recently  visited Nepal to conduct a technical assistance mission. The mission aimed at enhancing the regulatory capabilities of the Civil Aviation Authority of Nepal (CAAN). The two sides sought to develop a roadmap in the field of aviation safety oversight.

The EASA mission was here in line with the European Commission's objectives of enhancing aviation safety not only in Europe but at a global level.

The EASA representatives worked with CAAN officials between 12 and 17 February.

Bangladesh Embassy Observes Martyr’s Day

Bangladesh Embassy in Nepal observed the Martyr’s Day and International Mother Language Day 2012 by organizing various programs.  In order to observe the day, the Embassy drew up programs, including hoisting the national flag at half-mast, observance of one minute silence and prayer for the salvation of the departed souls of the martyrs, who sacrificed their valuable lives for the mother language and for the progress and prosperity of the country as well as for the global peace; discussions on the importance of the day; cultural program and buffet lunch.

According to a press release of Bangladesh Embassy, the meeting was chaired by the Ambassador of Bangladesh to Nepal Dr. Neem Chandra Bhowmik.  In addition, some foreign diplomats accredited to Nepal, expatriates Bangladeshis and Nepalese dignitaries of different sectors attended the program.

During the discussion the great contribution of the Language Martyr and their historic role for mother language were discussed.  At the discussion role of the expatriate Bangladeshis was highlighted for adoption of 21 February as the International Mother Language Day.

ADB Pledges To Continue Support

The Asian Development Bank (ADB) will continue to support Nepal’s economic reform and development agenda while the country strives to complete the ongoing peace and constitution drafting process, said ADB Vice President of Operations, Xiaoyu Zhao, at the end his three-day visit to the country.

"The scaling up of ADB's assistance to Nepal in the recent years testifies to ADB's strong commitment to Nepal's development and poverty reduction efforts," said  Zhao.

During his meetings with Prime Minister Baburam Bhattarai and other senior government officials, Zhao stressed that it was crucial for the Government of Nepal to stay on course on economic reforms to reduce poverty, address development challenges and work to achieve sustainable economic growth  for ongoing peace and stability.

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