Monday, 2 May 2016

Power News: Nepal Earthquake Victims

Vast quantities of rice meant to be distributed to earthquake victims remains stored in warehouses throughout Nepal, and instead of being handed out for free it will be sold to the public at wholesale prices. The Nepal Food Corporation (NFC) government agency said millions of dollars worth of rice donated by the Bangladesh government in the wake of the devastating 7.8 magnitude quake in April last year is slowly expiring in storage. But it argues that there is "no demand" for the rice or additional food from disaster-struck villages around the country. The proceeds from the rice, which at market prices would bring in around US$30 million, will be placed in a future disaster fund available for use by the government. However, the fund has not yet been established and further details have not been ironed out.