Himal Press 
KATHMANDU: The government has decided to accept concessional loans worth $285 million and grant assistance worth $20 million from the Asian Development Bank (ADB).
A cabinet meeting held at Singhadurbar on Tuesday decided to accept the concessional loan and grant assistance from the ADB for road improvement projects.
Government spokesperson and Minister for Education and Sports Sasmit Pokharel said the cabinet also approved additional investment in Nepal Reinsurance Company Limited through subscription to its right shares.
The Cabinet decided to include nano-fertilizers, biostimulants, and commercially produced and marketed biological and organic fertilizers in the list of essential substances. It also approved the Fertilizer Control Order, 2026.
Similarly, the meeting approved the participation of a high-level delegation in the 31st Conference of the Parties (COP31) to the United Nations Framework Convention on Climate Change, scheduled to be held in Antalya, Türkiye, from November 9 to 20.
The cabinet also decided to extend the deadline for partition of land subject to tenancy rights on the proposal of the Ministry of Land Management, Cooperatives, Federal Affairs and General Administration. The ministry has decided to extend the deadline for landowners and tenants to apply for land partition until mid-November 2028. The deadline for completing the partition process has been extended until mid-July 2029.
Meanwhile, the cabinet decided to recommend that the President issue two ordinances – one to amend the Press Council Act, 1991, and the other to amend certain Nepal laws, including those related to culture, tourism, and civil aviation.
