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The National Assembly endorsed the Bill to Raise National Debt.

In today's meeting of the National Assembly, Finance Minister Dr Prakash Sharan Mahat presented a proposal to return the Bill, received from the House of Representatives (HoR) with suggestions, to HoR, the lower house of the Federal Parliament, without making any amendment to it. The proposal was passed by majority.

In the course of clause-wise discussion on the Bill, lawmakers had raised questions on the usefulness of such a type of debt at a time when the percentage of public debt is rising as compared to gross domestic product.

The NA will meet next at 1 pm on July 17.

Speaker Devraj Ghimire has directed the Ministry of Agriculture and Livestock Development to inform the House regarding the government's efforts so far for controlling the lumpy skin disease in cattle.

Lawmakers had called the attention of the government before this that the farmers were facing problems and bearing losses as thousands of cattle died due to the disease that has spread throughout the country as an epidemic.

The Speaker issued the directive to the Agriculture Ministry to brief the Parliament about the efforts being made by the government to control the epidemic.

Nepali Congress President Sher Bahadur Deuba and US Assistant Secretary of State for South and Central Asia Affairs Donald Lu held a meeting at the former’s residence in Dhumbarahi on Friday.

Lu, who came to Kathmandu to discuss the issue of MCC implementation, is scheduled to meet senior leaders of various political parties.

He arrived in Kathmandu on Friday.

The US Assistant Secretary was welcomed by US Ambassador to Nepal Dean Thompson at the Tribhuvan International Airport.

Preparations are underway to implement the MCC from mid-August 18 months after the endorsement by the Parliament.

As per the MCC agreement, the US agency will provide $500 million in grants and the government will spend $130 million on energy and transportation projects.

US Assistant Secretary of State for South and Central Asia Affairs, Donald Lu, arrived in Kathmandu on Friday.

US Ambassador to Nepal Dean Thompson welcomed him at the Tribhuvan International Airport.

He left for the MCC office directly from the airport.

During this stay in Nepal, he is scheduled to meet Nepal government officials and ministers.

Lu arrived in Nepal on the eve of the implementation of the US-aided Millennium Challenge Corporation (MCC).

Preparations are underway to implement the MCC from mid-August 18 months after the endorsement by the Parliament.

As per the MCC agreement, the US agency will provide $500 million in grants and the government will spend $130 million on energy and transportation projects.

According to MCA Nepal, more than two billion rupees have already been spent on the MCC project so far.

During the Nepal visit, the US Assistant Secretary is scheduled to call on Prime Minister Pushpa Kamal Dahal and Foreign Minister NP Saud.