The government has decided to grant a loan of Rs 7 billion to Nepal Oil Corporation (NOC) to ease the supply of petroleum products.

During a press conference organized in Singha Durbar to make public the decisions of the Cabinet, government spokesperson Gyanendra Bahadur Karki said that the government has decided to provide Rs 7 billion to the NOC as it has outstanding dues to be paid to the Indian Oil Corporation.

Similarly, the government has also decided to provide Rs 598. 6 million, the amount which was adjusted as infrastructure tax on petroleum products, as a subsidy to the Nepal Oil Corporation.

Likewise, the meeting has decided to appoint Pradeep Sharma Paudel as the Executive Director of the National Information Technology Center.