Nepal PM remains tight-lipped on aircraft deal despite criticism from opposition

Image
Press Trust of India Kathmandu
Last Updated : Jan 06 2019 | 8:15 PM IST

Nepal's Prime Minister KP Oli who on Sunday was expected to apprise the Parliament about issues relating to alleged misuse of funds to purchase two aircrafts for the national flag carrier, Nepal Airlines, remained tight-lipped despite criticism from the opposition.

A parliamentary sub-committee revealed last week that Rs 4.37 billion has been misappropriated while purchasing two airbuses for Nepal Airlines. The committee also recommended action against Tourism Minister Ravindra Adhikary, Tourism Secretary and Managing Director of the airlines Sugat Ratna Kansakar and two former ministers.

During his one hour address to the Parliament, Oli sidestepped queries on the aircraft deal posed by the opposition and instead briefed the House on his government's work in the first five months of the current fiscal and the present scenario of economic indicators.

He said revenue collection has gone up by 32 per cent, while capital expenditure grew by 25.3 per cent with inflation standing at 3.7 per cent in the first five months of the current fiscal.

Oli further said the government received foreign assistance of Rs 162 billion, and the trade loss was down by 1.5 per cent during his 10-month rule.

Lawmakers from the main opposition, Nepali Congress, later obstruct the House proceedings after they were denied by Speaker Krishna Bahadur Mahara to pose questions to the prime minister about the aircraft deal and other controversial issues.

The Speaker adjourned the Parliament till Wednesday.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 06 2019 | 8:15 PM IST

Next Story