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Mixed reaction to the Budget's Veerganj

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Industrialists from Birganj, the financial capital of the country, have given mixed reactions to the budget for the financial year 2081/82 announced by the government on Tuesday.

Mixed reaction to the Budget's Veerganj

Ashok Kumar Temani, president of the Madhesh Province Chamber of Commerce and Industry, said that the positive aspects of the budget were the announcement of making a law related to loans, the announcement of the year 081/82 as the economic reform year, the formation of the Economic Reform Suggestion Commission, the provision of commercial farming in Gaza and the adoption of policies to boost the morale of the private sector. tell He also said that arranging contract farming, setting up a startup board and creating a startup fund of 1 billion, removing the tax from potatoes, making a difference in the ranking of raw materials and prepared goods by 1 level and estimating the economic growth rate to be 6 percent are more positive aspects.

Temani complained that there is nothing special for Madhesh in the budget and there is nothing for Birgunj. He also said that the 22 billion 54 crore rupees allocated for the Nijgadh-Kathmandu expressway is very low.

Former Chairman of Birgunj Chamber of Commerce and Industry and Central Member of Federation of Nepal Chamber of Commerce and Industry, Subodh Kumar Gupta said that the announcement of making a law related to loans has taken a policy to increase the morale of the private sector. He said that the difference of 1 level in the ranking of raw materials and finished goods and the announcement of the formation of the Economic Reforms Suggestion Commission are positive aspects of the budget. He said that the lack of any special package targeting the financial capital Birganj is a negative aspect of the budget.

Birgunj Chamber of Commerce and Industry President Anil Kumar Agarwal responded that the budget is positive and encouraging. He said that most of the demands of Birganj Industry and Commerce Association and the industrialists in its area have been addressed. He said that the tariff of industrial raw materials and ready-made goods should be differentiated by one level, and illegal trade would be reduced if the tax imposed on potatoes and onions was removed. He expressed hope that the budget will increase the gross domestic product and make the sluggish economy viable.

Hari Gautam, the senior vice president of Birgunj Chamber of Commerce and Industry, said that the budget is average. He said that the implementation aspect of the budget is challenging. "There is a challenge in raising internal revenue and foreign subsidies," he said, "The government has taken the internal debt." Stating that the problem lies in the implementation of the budget, Gautam said that if the budget is not implemented, there is no one responsible for it. He said that there are positive aspects of the

start-up and IT park budget and it can prevent the migration of young people for foreign employment to some extent. Gautam said that the announcement of making a law related to loans addressing the demands of industrialists of Birganj is positive. He said that the budget is largely limited to formalities.


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