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The government has decided to accept Rs 50.51 billion in soft loans provided by the World Bank for various projects ranging from roads to bridges. The subsidized loan would be utilized for the projects of strategic road network and upgrading of trade routes and bridges.

Spokesperson of the government and Minister for Communications and Information Technology, Prithvi Subba Gurung, told media persons that the WB Group was providing Nepal around Rs 29.72 billion for strategic road network and trade route upgrading projects and around Rs 20.79 billion grant for the third phase of bridge upgrading project. 

The minister  shared it while making public the decisions of the Cabinet meeting held on Monday. As per the Cabinet decision, the government will also accept the grants of some Rs 1.8 billion to be provided by South Korea for the enforcement of projects on inclusive rural development in Bardiya district. 

Accordingly, Prime Minister KP Sharma Oli would visit Spain, leading a Nepali delegation from June 30 to July 5. 

It was decided to table an agreement to be made with the WTO on fishery in the federal Parliament.

The Cabinet also decided to transfer some high ranking officials including secretaries. DIG of the Armed Police Force, Ganesh Bahadur Thadamagar, would be promoted to the post of AIG and made appointment accordingly. 

A Nepali delegation will be formed to attend the 16th meeting of Nepal-India bilateral consultation group to be held in Pune, India on June 23-24.

Indian Prime Minister Narendra Modi has categorically said that India does not and will never accept US mediation to resolve issues between India and Pakistan.

In a telephone conversation, Indian PM said that discussion to cease military action took place directly between India and Pakistan through the existing channels of communications between the two armed forces, and it was initiated at Pakistan’s request. 

According to a statement issued by Ministry of External Affairs, PM Modi clearly conveyed to President Trump that no point during this entire sequence of events was there any discussions, at any level, on an India-U. S trade deal, or any proposal for a mediation by the U.S between India and Pakistan.

The readout from Indian side says: “Prime Minister Modi firmly stated that India does not and will never accept mediation. There is complete political consensus in India on this matter.”

Earlier, Trump had claimed that India and Pakistan agreed for the ceasefire after he threatened to stop the trade with both countries, and India is outright denial from India. 

“With regard to the Indo-Pacific region, both leaders shared their perspectives and expressed their support towards the significant role of QUAD in the region.

Prime Minister Modi extended an invitation to President Trump to visit India for the next QUAD Summit. President Trump accepted the invitation and said that he is looking forward to visiting India,” the statement says. 

The Donald Trump administration is yet to decide the fate of the ongoing projects under MCC. 

Issuing a press statement, the US Embassy in Kathmandu said:  “In February 2025, the Secretary of State approved a specific exception to the 90-day pause on US foreign assistance for the MCC Nepal Compact, while the US government review on US foreign assistance continues.” 

Under this exception, the MCC Nepal Compact is authorized to continue with full implementation. MCC and the US mission in Nepal continue to engage stakeholders in support of a constructive outcome of the review, the statement said.

The US. Embassy added MCC is working closely with the Ministry of Finance and MCA-Nepal to ensure that the activities undertaken or initiated under the compact, including potential new obligations, are aligned with US and Nepal’s priorities and ensure transparency, sound governance, effective delivery, and prudent risk management.

The US Embassy also reaffirmed America’s commitment to its bilateral relationship with Nepal and supporting the Nepali people through efforts that promote prosperity and long-term economic resilience. 

President Ram Chandra Paudel has said that improving the living standards of the people and achieving prosperity of the nation is the very goal of our Constitution and federal democratic republic.

During the award distribution ceremony of the Pushpalal National Award 2082 today, he mentioned that the struggles, sacrifices of senior leaders, and the great sacrifice of the Nepali people led to the attainment of the federal democratic republic, highlighting the improvement in the living standards of the people and the prosperity of the country.

The Award is instituted in the name of the founder leader of the Nepal Communist Party, late Pushpalal Shrestha. The Award carries a purse of Rs 100, 000 and it is presented by the Ministry of Culture, Tourism and Civil Aviation every year.

On the occasion, President Paudel honored Shanta Manavi from the field of politics, Dr Medini Prasad Sedai for his contributions to history, and Ram Mani Pokhrel for his work in literature.

"Through the proper utilization of our means and resources with efficiency in service delivery to the people and the promotion of good governance, the goals set by democracy and the Constitution will be achieved. Only by achieving this goal will there be a true tribute to the leaders who have dedicated themselves to democracy," the Head of State said.

The President mentioned that the late Pushpalal also contributed by meticulously documenting the economic structure, class analysis, production systems and the contradictions of society in Nepal.

The Head of State said, "Pushpalal is that personality who succeeded in creating and establishing a distinct line of thought and identity even among the communists. Though he belonged to the Marxist ideology and the theory of class struggle, he firmly believed that solutions to problems could be explored and found out through democratic processes.”

"I personally believe that Pushpalal’s ideology laid a significant intellectual foundation for taking the Nepali communists to democratic processes," the President said, adding that the 2046 BS (1990's) political transformation is a testament to prove this statement.

Also speaking on the occasion, Minister for Culture, Tourism and Civil Aviation, Badri Prasad Pandey said that Pushpalal's ideology was vital and meaningful in shaping and guiding Nepal's leftist movement.

Dr Beduram Bhusal of CPN (Unified Socialist) said the 1990's political transformation proved the relevancy of Pushpalal's ideology that advocated for taking the left-democratic wave simultaneously.