Finance Minister Khanal says - another organization of the private sector, Industry Confederation, has said that up to 5 percent of the GDP has been damaged. That is more than 3 billion. The private sector does not seem to be the only one that has suffered that much damage.
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Due to the arson and vandalism that occurred during the protest two weeks ago, more than 80 billion rupees have been damaged in the private sector alone. According to a preliminary study, more than 15,000 jobs have been affected due to damage to the physical structure of private commercial establishments.
The government is ready to provide relief by bringing a relief package as stated by the private sector. about the policies and actions taken by the government for this Finance Minister Rameshwar Khanal
:
Have you calculated the physical damage that occurred during the demonstration two weeks ago?
Damage is being assessed. Funds required for revival are also identified. A team comprising representatives from Disaster Authority, Planning Commission, Ministry of Finance and Gen-G has started a Post Disaster Needs Assessment (PDN). The team has been given 45 days to submit the report.
The Federation of Commerce and Industry has made a preliminary estimate of the loss of about 80 billion in the private sector, this does not include the details of government losses. How much damage is estimated by both private and government?
Another organization of the private sector, the Confederation of Industry, said that the loss was up to 5 percent of the GDP. That is more than 3 billion. The private sector does not seem to be the only one that has suffered that much damage. Instead, the damage to the government is more. 1200 government vehicles were damaged. Therefore, the actual damage will be discovered only after the PDN report comes.
It was said that a relief package will be brought for the private sector that suffered damage in the demonstration, when will it come?
The decision to give relief to the families of the martyrs and the injured has already been made. On Monday, the Council of Ministers approved the 'Economic Revival Business Recovery Plan' to provide relief for the damage to the physical infrastructure of the private sector. There are many facilities such as giving a 50 percent discount on customs and excise duties when importing materials needed for reconstruction, the amount given to the reconstruction fund can be reduced while calculating taxable income, extension of time for loan repayment and interest payment, increasing the current limit on vehicle loans to 80 percent. We have decided to provide facilities according to the demand of the private sector.
It was said that the National Bank will also provide some relief facilities through monetary policy. Has there been coordination about this?
The Ministry of Finance and the National Bank have jointly brought these facilities, which are signed by me as the Minister of Finance and Governor Vishwanath Paudel.
How much have you estimated the cost of rebuilding the damaged structure?
It is too early to speculate as details of the damage are not yet available. It was observed that the insurance claim for private sector losses will not exceed 25/26 billion. It will be covered by insurance. Resources are needed for reconstruction of government structures and purchase of vehicles. There is also a need to purchase vehicles for elections and security.
How many jobs are estimated to be affected?
It is not possible to say that this number of jobs has been affected. It will be known after the damage assessment is done.
A large amount of government and private property has been damaged along with human casualties. Who takes responsibility for it? To investigate the incidents including the use of force in the
