Finance Minister Rameshwor Khanal pointed out the need to invest in productive sectors such as agro-tourism, energy, and infrastructure construction to support the country's economic growth rate, create employment, and increase investment.
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Finance Minister Rameshwor Khanal has directed the Citizen Investment Fund to increase investment in long-term projects. He gave this instruction because investing in projects of long-term importance will benefit the country. On the occasion of the 36th anniversary of the fund, Finance Minister Khanal directed the fund to invest in long-term projects brought by the government.
Since the government has already approved the Budhi Gandaki Hydropower Project, he said that other organizations like the Investment Fund should also invest in the project.
Stating that it is necessary to eliminate double taxation, Finance Minister Khanal said, "Equality and policy facilitation are necessary in the tax system." He said that even if the issue of double taxation is not resolved during his tenure, the next government will work towards this.
Stating that preparations for issuing 15-20-year bonds are in the final stages, he said that such bonds will also help in reducing excess liquidity. He emphasized that new projects through public-private partnerships and removing land restrictions for agricultural projects can also be taken forward.
Fund Board Chairman Tulsi Prasad Ghimire said that the fund's success is based on the fund's continuous profitable operation since its inception, the launch of different types of schemes, and the success in increasing the number of participants every year.
He pointed out that there is a need to support the country's economic growth rate, create employment, and invest in productive sectors such as agriculture, tourism, energy, and infrastructure construction.
On the occasion, Parbat Kumar Karki, Executive Director of the fund, informed that the fund is operating seven schemes. He said that the fund is investing the funds available in the fund in the infrastructure construction sector and expanding investment through venture capital. He claimed that the fund is working with high priority on mechanization and automation.
He said that the fund's income has been affected by the decline in interest rates. 'The social allowance provided by the government can be provided by the civil pension scheme launched by the fund. However, for that, the government should adjust the tax rates,' he said.
Nepal Bankers Association President Santosh Koirala said that the fund should invest in new investment tools and new projects. He was of the opinion that there was a problem in recovering loans disbursed by the bank.
