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Budget for the financial year 2082/83 [Live]

Jestha 15, 2082

Kantipur Reporter

Budget for the financial year 2082/83 [Live]

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92 Updates

(06:20 PM)
The government has canceled the value added tax (VAT) levied on digital payments. Finance Minister Vishnu Paudel has said that the value added tax on clearing house services has been canceled to encourage digital payments.After the implementation of VAT on digital payment and clearing in the budget of the current financial year, it was criticized. After the implementation of the system through the budget, both NCHL and Phone Pay, which provide clearing and settlement services, increased the fees by 13 percent. Its burden was added to the consumer.
Abolition of VAT on digital payments

(05:46 PM)

Allocation of Rs 73 crore for startup loans

The government has allocated Rs 73 crore for startup loans. Finance Minister Bishnu Paudel said that innovation-based startup entrepreneurship will be promoted to increase the number of young people who are not looking for work, but who are giving jobs. "Incubation centers will be operated in collaboration with the government, universities and the private sector to make the Gen-G generation entrepreneurial and professional," he said.Poudel said that the concessional loan program has been expanded to include startup entrepreneurs in skill development, business expansion, marketing and value chain. Loans will be provided at an interest rate of three percent.
Allocation of Rs 73 crore for startup loans

(05:44 PM)

Provision of burn treatment in each province and Veer Hospital

Arrangements will be made to treat burns in one government hospital in each province and Bir Hospital in Kathmandu.Finance Minister Bishnu Paudel has said that a specialized burn treatment department will be established in one government hospital of all provinces and modern rooms for intensive burn treatment will be expanded at Veer Hospital.Arrangements for providing subsidies to increase the service and quality of Kirtipur Jalan Hospital, Dhulikhel, Tilganga and Kathmandu Institute of Child Health have been mentioned in the budget.Paudel said that necessary budget has been allocated to control insect diseases such as dengue and to effectively prepare for and respond to health emergencies caused by infectious diseases and epidemics."Innovative measures will be adopted for the treatment of sickle cell anemia, which has become a problem in the Tharu community," said Paudel.

(05:42 PM)

75 percent tax exemption on income from IT services exports

The government is going to give a 75 percent discount on the tax on income received from the export of information technology services. Presenting the budget for the next financial year, Finance Minister Bishnu Paudel said that 75 percent discount will be given.Paudel said that only 5 percent income tax will be levied on the income of people living in Nepal and exporting information technology services abroad. He said that he will arrange for the 5 percent tax to be the last.

(05:42 PM)

Income tax exemption for green hydrogen producers for 5 years

The government has announced that it will give income tax exemption for 5 years to green hydrogen producers from the next financial year. Finance Minister Bishnu Paudel has said that income tax will be exempted for 5 years.The government has also said that all kinds of taxes will be waived on machinery equipment imported for green hydrogen production industry.

(05:38 PM)

Taxes and duties on import of electric vehicles remain the same

The government has kept the taxes and duties on import of electric vehicles unchanged. Finance Minister Bishnu Paudel has said that the tax on electric vehicles, which has been increasing every year, has been kept unchanged for the next financial year."In order to encourage the use of electric vehicles and reduce environmental pollution and increase the internal consumption of electricity, all types of taxes and duties imposed on such vehicles have been kept unchanged," he said.Paudel has also said that there is a 1 percent customs duty on the import of the equipment required for the establishment of the electric vehicle charging station production and assembling industry and no other tax duties will be charged. According to him, arrangements have been made to give income tax exemption to such industries for 5 years.

(05:32 PM)

6 percent economic growth, 5.5 percent inflation target

The government has set a target of 6 percent economic growth in the next financial year. The matter has been mentioned in the budget for the next financial year presented by Finance Minister Bishnu Paudel. The government has also set a target of maintaining 5.5 percent inflation for that year.Finance Minister Poudel also expressed the belief that the implementation of the presented budget will accelerate economic activities, increase production and create jobs, and achieve sustainable, broad and inclusive economic growth.

(05:20 PM)

Integrated National Project Bank Information System will be put into operation

Finance Minister Bishnu Paudel said that in accordance with the list of rights, work detailing report and project standards provided by the Constitution of Nepal, there will be no duplication of projects between the union, state and local levels. For that, he said, the Integrated National Project Bank Management Information System will be put into operation.
Integrated National Project Bank Information System will be put into operation

(05:17 PM)

The budget for the next fiscal year is 19 billion 64 billion 11 billion

For the next financial year, the government has allocated a budget of 19 trillion 64 billion 11 million rupees. According to this, current expenditure is 11 trillion 80 billion 58 crores (60.01 percent), capital expenditure is 4 trillion 7 billion 69 crores and 3 trillion 75 billion 24 crore rupees (19.1 percent) have been allocated for financial management. The budget is 5.6 percent more than the allocation at the beginning of this year and 18.2 percent more than the revision. This year, the government allocated a budget of 18 trillion 60 billion 30 million.
The budget for the next fiscal year is 19 billion 64 billion 11 billion

(05:16 PM)

The subject of amending the constitution on the basis of consensus is mentioned in the budget

Finance Minister Bishnu Paudel has said that the constitutional amendment between the Congress-UML alliance will be implemented on the basis of consensus. He said this while presenting the budget for the next financial year in Parliament today. Constitution will be amended on the basis of political consensus. The federal democratic republic will be strengthened by increasing people's ownership and adherence to the constitution,' he said, 'rule of law, human rights, strong justice administration, democratic values ​​and freedom of the press will be guaranteed.'
The subject of amending the constitution on the basis of consensus is mentioned in the budget

(05:15 PM)

Government's announcement that the Civil Bill will be passed in this session

The government has announced that it will pass the Federal Civil Bill from the current session. In the budget presented by Finance Minister Bishnu Paudel, it is mentioned that the Federal Civil Bill will be passed in this session. However, the bill, which has been passed by the State Order and Good Governance Committee, has not yet reached the parliament. The bill was put on hold due to the opposition of the Chief Secretary and Secretary Harth, especially regarding the two-year 'cooling period' added to the bill so that no constitutional or political appointment can be taken after retirement from Nizamatf service. The chief secretaries and secretaries have been lobbying the top leadership of the party to take the bill to the parliament only by removing the proposed provision of 'cooling period'.
Government's announcement that the Civil Bill will be passed in this session

(05:13 PM)

Government claims to use robotics and AI for state-of-the-art healthcare

Robotic technology and artificial intelligence (AI) will be used in Nepal to provide state-of-the-art healthcare services. Finance Minister Bishnu Paudel made such a claim in his budget speech for the coming financial year. He informed that telemedicine and digital health services will also be expanded for easy access of all citizens to health services.
Government claims to use robotics and AI for state-of-the-art healthcare

(05:13 PM)
The government is going to upgrade the immigration system. . Announcing the 2082/83 budget statement, Finance Minister Bishnu Prasad Paudel said that the online payment system and online visa system will be implemented to make the immigration administration more agile and efficient. He said that free residential visas will be provided to experts and investors.

(05:12 PM)

The budget of the Ministry of Water Supply has been doubled

The budget of the Water Ministry has doubled from the current financial year. This year, the budget allocation for this ministry is 16 billion 32 million rupees. A budget of 33 billion 89 million rupees has been allocated for the next financial year.
The budget of the Ministry of Water Supply has been doubled

(05:10 PM)

Increase the budget of the Ministry of Urban Development

For the coming year, the budget of the Ministry of Urban Development has been increased from billion to trillion. This year, after the semi-annual review, the total budget of the Ministry of Urban Development is 68.2 billion 94 million rupees. This 1 trillion 18 billion 34 billion budget has been allocated for the next financial year.
Increase the budget of the Ministry of Urban Development

(05:09 PM)

The rest of the peace process will be completed

Deputy Prime Minister and Finance Minister Bishnu Paudel presented the budget in the Joint House of Parliament on Thursday and said that the peace process and transitional justice work will be completed. He has announced that during the armed conflict, the injured and disabled will receive free treatment in government hospitals. The rest of the work related to the peace process and transitional justice will be completed. The Truth and Reconciliation Commission and the Commission of Inquiry on Disappeared Persons will be made operational. Arrangements will be made for free treatment of the injured, crippled and disabled in government hospitals. It is mentioned in the budget, ``I have allocated one billion to establish a fund for investigation, relief and compensation of incidents in armed conflict.''

(05:07 PM)

Recruiting interns in public bodies, model technical schools in the state

The government has said that students will be mobilized as interns according to the nature of work in public bodies. Finance Minister Bishnu Paudel while presenting the budget in Parliament said that students who work 20 hours a week will be encouraged in the program of earning while studying. It is mentioned in the budget to give skill-based training to the youth who could not complete higher education. Paudel said that 6 months of training will be provided to 26,000 youths in the coming financial year. Similarly, the government has informed that 1/1 model technical school will be operated in each province.
Recruiting interns in public bodies, model technical schools in the state

(05:07 PM)

Budget for purchase of weapons for army-police

The government has brought a budget for the purchase of necessary weapons for the Nepal Army, Nepal Police and Armed Police. It is mentioned that the security agencies will be made strong, capable and resourceful. It is mentioned that the capacity of the Nepali Army will be enhanced and mobilized for national security, development and disaster management.

(05:03 PM)
The government has formulated the necessary budget for defence, security and public administration. Announcing the budget for the financial year 2082/83, Finance Minister Bishnu Prasad Paudel said that the government has given priority to peace and security, crime prevention and control, law enforcement, etc. The government is committed to strengthening national security and defense while strengthening social harmony and unity. For this, it is mentioned in the budget to provide military material and security equipment.
Prioritize internal security

(05:03 PM)

The budget of the physical ministry increased by two billion

The budget of the Ministry of Physical Infrastructure and Transport has been increased for the next financial year. In the current financial year, 1 trillion 50 billion 53 billion 58 million rupees have been allocated, 1 trillion 52 billion rupees have been allocated for the next year.
The budget of the physical ministry increased by two billion

(05:00 PM)

The land of Kakdavitta-Itahari section reserved for east-west railway will be released

In the coming year, a detailed study will be conducted to construct an electric railway of standard gauge on the east-west highway. The under-construction Bardibas and Nijgarh section railways will be made according to the standards of East-West electric railways. Finance Minister Bishnu Paudel said that the land of Kakdavitta-Itahari section, which has been blocked for acquisition for the purpose of construction of East-West Electric Railway, will be released. He said that a detailed project report of Kathmandu-Kerung railway will be prepared in the next financial year.
The land of Kakdavitta-Itahari section reserved for east-west railway will be released

(04:57 PM)

Continuation of the Bunker to Barracks program, a budget of around 1 billion

The government has continued the 'Bunker to Barracks' program to organize the physical structure of the Nepali Army. This program, which started a decade and a half ago, has been continued by the government in 2082/82. This program was introduced as part of the construction of physical structures for the working manpower after replacing the barracks built during the Maoist conflict. A budget of around 1 billion is being allocated for this program every year.
Continuation of the Bunker to Barracks program, a budget of around 1 billion

(04:53 PM)

18 billion 500 million to rebuild the infrastructure and assets damaged by the disaster

The government has allocated 18 billion 500 million for the reconstruction of private residences, schools, public infrastructure and archaeological and cultural heritage damaged by earthquakes and monsoon disasters. Emphasis will be placed on developing the capacity of human resources involved in disaster management and response to reduce damage by developing a disaster early warning system.
18 billion 500 million to rebuild the infrastructure and assets damaged by the disaster

(04:50 PM)
In the budget of the next financial year, the government has announced a policy to attract foreign students to universities. Finance Minister Bishnu Paudel said arrangements will be made to provide free visas to foreign students and multiple entry visas to their parents. "Free visa will be provided to foreign students for the duration of the academic calendar," he said.
Free visa for foreign students

(04:49 PM)
In order to expand the international reach of public services, the government is going to launch NTV World Channel. Besides, Finance Minister Bishnu Paudel has mentioned in the budget statement that 'PSB Digital Platform' related to public service broadcasting will also be established.
Plan to launch NTV World Channel

(04:47 PM)

The budget of the Ministry of Energy, Water Resources and Irrigation is 86.1 billion

The government has allocated 86.1 billion rupees to the Ministry of Energy, Water Resources and Irrigation for the next financial year. Finance Minister Bishnu Paudel said this while announcing the budget statement for the next financial year. The government has allocated 2.7 billion rupees for the construction of the Bheri Babai diversion project. According to Finance Minister Paudel, the goal is to complete the headworks and power house construction of Bheri Babai diversion within 2 years.
The budget of the Ministry of Energy, Water Resources and Irrigation is 86.1 billion
तस्बिर : हेमन्त श्रेष्ठ/कान्तिपुर

(04:45 PM)

1 billion 24 crore budget for upgrading the Kalanki-Vasundhara-Dhobikhola road of the ring road

Finance Minister Bishnu Paudel has allocated a budget of 1 billion 24 crores to continue upgrading the Kalanki-Vasundhara-Dhobikhola road of the Kathmandu ring road. Now there is four lane road from Kalanki to Sitapaila and two lane road from Sitapaila to circular path. Now, after the expansion, it will become an eight-lane road apart from the service lane. On August 6, representatives of Nepal and China signed a letter regarding cooperation. The work of Koteshwar-Kalanki first section started in 2069 and was completed in 2075. A GTOG agreement was signed with China in 2018 to extend the Kalanki to Vasundhara culvert.
1 billion 24 crore budget for upgrading the Kalanki-Vasundhara-Dhobikhola road of the ring road
तस्बिर : हेमन्त श्रेष्ठ/कान्तिपुर

(04:45 PM)

62 crore rehabilitation center for women victims of violence

Rehabilitation centers worth 62 million rupees will be established in Madhesh, Sudurpaschim and Kathmandu for women victims of violence. It is mentioned in the budget of the next financial year that information gathering, monitoring and awareness programs will be conducted to control the risk of human trafficking and trafficking.
62 crore rehabilitation center for women victims of violence

(04:43 PM)

No new track of road shall be opened anywhere

In the budget of the next financial year, the construction of infrastructure such as expressways, underpasses and overpasses will be accelerated. Finance Minister Bishnu Paudel said during the budget presentation that the national highway will be upgraded from two lanes to eight lanes based on the needs. The policy of opening new road tracks will be taken only where it is necessary and appropriate. It is mentioned in the budget that tunnel technology will be expanded while building road infrastructure.
No new track of road shall be opened anywhere

(04:43 PM)

1200 MW Budhigandaki hydropower project in PPP model

The government has announced that the 1200 megawatt Budhigandaki hydropower project will be built on a public-private-partnership (PPP) model. Finance Minister Bishnu Paudel has said that the hydropower project of Budhigand will be carried out on a PPP model. Paudel also says that the investment made by the government so far will be converted into government shares. The government has already spent 46 billion rupees on the Budhigandaki hydropower project, including distribution of compensation.
1200 MW Budhigandaki hydropower project in PPP model

(04:42 PM)

A unified act of higher education will be introduced

The government has said that it will create an umbrella law related to higher education.Finance Minister Bishnu Paudel announced the budget for the next fiscal year and announced the creation of an umbrella law related to higher education to bring uniformity in the operation of universities. He said that the trend of going abroad for studies will be reduced and the departments and faculties of the universities will be restructured. It is mentioned in the budget that the university will be developed as a strong regulatory body for higher education by restructuring the commission.Grants will be provided to universities based on academic quality, number of students, and infrastructure. Academic calendar will be implemented. The calendar should be published and implemented before the academic session. Arrangements will be made to stop the grant if the calendar is not followed, he said.

(04:41 PM)

2.6 billion for Nagadhunga and Siddhababa tunnels

Finance Minister Vishnu Paidel said that the construction of Nagadhunga and Siddhababa tunnels will be completed in the next financial year. Finance Minister Paudel said that 2 billion 600 million has been allocated for that. Nagadhunga-Sisnekhola tunnel is in the final stage of construction, while Palpa's Siddhababa tunnel is breaking through and finishing work is going on.
2.6 billion for Nagadhunga and Siddhababa tunnels
नागढुंगा–सिस्ने खोला सुरुङमार्ग । तस्बिर : अंगद ढकाल/कान्तिपुर

(04:40 PM)

7.72 billion budget allocation for the Ministry of Communication and Information Technology

The government has allocated a budget of 7.72 billion for the Ministry of Communication and Information Technology. In the current year 2081/82, the budget of this ministry was 7.35 billion rupees. In the financial year 2080/81, 8 billion 71 crore rupees were allocated. Communications Minister Prithvi Subba Gurung had been saying that the Ministry should be allocated sufficient budget for the development of the Information Technology (IT) sector.
7.72 billion budget allocation for the Ministry of Communication and Information Technology

(04:40 PM)

Listening to the budget speech, playing the table

In the budget speech, sometimes only UML MPs are supporting by banging the table. Congress MPs are listening in silence. They are not playing the table.
Listening to the budget speech, playing the table

(04:38 PM)

Regulation of private schools, educational reform programs in public schools

The government has announced that it will effectively monitor private schools by setting national regulatory standards. Finance Minister Bishnu Paudel said that the physical infrastructure of community schools will be built by implementing the national educational reform program. Under the program, the physical infrastructure of schools with more than 1,500 students in the Terai Madhes, 1,000 in the mountains and 500 in the mountains will be built. The government has allocated a budget to complete the construction of the physical infrastructure of the model school. Paudel said that 2 billion 72 million has been allocated.
Regulation of private schools, educational reform programs in public schools

(04:37 PM)

1.99 billion for national employment promotion

In order to solve the unemployment problem in a sustainable manner, it has allocated 1 billion 99 million rupees for national employment promotion for skill development of young manpower according to the demand of the labor market. Finance Minister Bishnu Paudel, while submitting the budget for the financial year 2082/83 in the joint session of the Parliament, said that he will operate a job portal to connect the manpower in the labor market to update the details of the youth who are looking for employment.He said that employment fairs will be held in all provinces in collaboration with the private sector. Labor approval will be done in a simple manner and online service related to labor will be provided from all provinces. Finance Minister Paudel said that the workers' entrepreneurship program will be conducted to create self-employment by using the skills, capital and experience of workers who have returned from foreign employment. He said that concessional loans have been arranged for this.

(04:35 PM)

The government will add 900 megawatts of electricity in the next financial year

The government has said that 900 megawatts of electricity will be added in the next financial year. Finance Minister Bishnu Paude said that the total connected power capacity will be increased to 4,800 megawatts."In the next fiscal year, the hydropower project that will be completed will add 900 megawatts to the total installed capacity of 4,800 megawatts," he said. The government has informed that a 732 km double circuit national transmission line will be constructed in the next financial year. Similarly, the government's policy is to reduce carbon emissions by increasing the use of alternative energy.
The government will add 900 megawatts of electricity in the next financial year

(04:35 PM)

Legislation will be made to regulate OTT services

The government is going to formulate a legal system for the regulation of over the top (OTT) services. Finance Minister Bishnu Paudel has informed through his budget speech for the coming year that a legal provision will be made to regulate the existing OTT services in telecommunication and broadcasting services. He said that the use of social networks and digital platforms will also be made systematic and systematic.
Legislation will be made to regulate OTT services

(04:31 PM)

33 percent female participation policy at the executive level

In the 2082/083 budget, Finance Minister Bishnu Paudel has mentioned that 33 percent of women will participate in the executive level of the public sector. The role of women in the field of national life will be made effective. Emphasis will be placed on ending gender discrimination, developing and empowering leadership skills. Policy and structural reforms will be made to ensure 33 percent at the executive level of the public sector,' the budget states, 'Effective programs will be conducted to ensure the right to economic and cultural equality by ending all forms of discrimination and harassment against women.'
33 percent female participation policy at the executive level

(04:31 PM)
The government has allocated a budget of 95.81 billion rupees for the financial year 2082/083 towards health. To give meaning to the slogan 'Healthy Nepal, Healthy Nepali', it is said that the Healthy Nepal campaign will be conducted to develop a lifestyle including clean diet, yoga meditation exercise and positive thinking. In addition, the commitment to provide free, accessible and quality basic health services to common citizens has been reiterated this time as well. It has also been mentioned in the budget speech that investment in manpower, modern equipment and infrastructure capable of expanding the scope of specialized health services will be increased.
1 trillion budget for the health sector

(04:30 PM)

The name of the President's Women Upliftment Program has been changed

Through the National Women's Upliftment Program, the free air rescue program of pregnant women and women who are in danger of life in remote areas has been continued. This program, which was started earlier under the President's Women Upliftment Program, has been renamed as the National Women Upliftment Program. From 075/076 to February of the current year, when the government implemented the free air rescue program, 808 pregnant women and women who have given birth at risk in remote and mountainous areas of various provinces have been rescued by air. Until February of the current year alone, 95 pregnant women and women in labor have been rescued.
The name of the President's Women Upliftment Program has been changed

(04:29 PM)

Virtual learning system to be implemented in schools

The government has announced to develop a digital learning portal to use the virtual learning system at the school level. Although the Ministry of Education has already been operating a digital portal called Sikai Chowtari, emphasis has been placed on the virtual learning system through the budget.A teaching and learning system based on Nepali originality will be developed. Virtual learning system will be used in school education. A digital learning portal will be developed to increase the quality of education, said Finance Minister Bishnu Paudel.In the budget, 2 billion 44 crores have been allocated for scholarships and 10 billion 16 crores for ECD teacher and school staff salaries. It is mentioned in the budget that arrangements will be made to provide education to disabled children up to the basic level using hostels.
Virtual learning system to be implemented in schools

(04:28 PM)

May 21 has been declared as the National Day for Abolition of Caste Discrimination and Untouchability

The government has announced to celebrate the National Day for Eradication of Caste Discrimination and Untouchability on May 21 every year with the aim of strengthening the untouchability and non-discrimination society. It is mentioned in the budget presented by Finance Minister Bishnu Paudel in both the Houses of Parliament that a policy has been taken to launch a national campaign against untouchability and discrimination to build an egalitarian, civilized and cultured society. The government has also announced that a special program for social interaction and integration will be conducted on the occasion of National Day.
May 21 has been declared as the National Day for Abolition of Caste Discrimination and Untouchability

(04:26 PM)

Now consumer court in all provinces, business will be made clean

The government is now going to operate consumer courts in all provinces. Presenting the budget for the next fiscal year 2082/83, Finance Minister Bishnu Prasad Paudel said that consumer courts will be expanded to all provinces to protect the interests of consumers. Now it has been established for three districts of the valley in Kathmandu, Bhaktapur and Lalitpur. Finance Minister Paudel said that now it will be extended to all provinces. Similarly, he said that black market and price increase will be controlled and the business will be made clean.

(04:25 PM)

Concessional loans to industries converting to electronic technology

In order to reduce air pollution, concessional loans will be provided to the private sector, which is converting the traditional practices used in industrial factories into electronic technology. The budget includes the issue of implementing such a scheme in important cities of the country including Kathmandu Valley. To reduce the impact of increasing air pollution, the national air quality standards will be updated and implemented.
Concessional loans to industries converting to electronic technology

(04:24 PM)

Increasing the participation of women in the leadership field

Finance Minister Paudel says: To end gender discrimination and increase women's participation at the leadership level, policy and structural reforms will be made to ensure 33 percent female participation in the executive level of the public sector.

(04:24 PM)

The budget of the Ministry of Culture, Tourism and Civil Aviation is 13 billion 28 billion

The government has allocated a budget of 13 billion 28 billion for the Ministry of Culture, Tourism and Civil Aviation. In addition, the government has allocated a budget to build a digital archive for the preservation of records of historical and archeological importance.
The budget of the Ministry of Culture, Tourism and Civil Aviation is 13 billion 28 billion

(04:22 PM)

Teacher Bank for English, Science and Mathematics subjects, volunteer tutors to undergraduates

In order to prevent shortage of teachers in public schools, the government is going to establish a teacher bank. In the budget of 2082/083, it is said to establish a teachers' bank for English, science and mathematics subjects in collaboration with universities.Finance Minister Bishnu Paudel said that students who have graduated will be mobilized as volunteer teachers. The government has also continued the midday meal program provided to children up to class 5 and the program of free pads distributed to girl students. 10 billion has been allocated to provide mid-day meals to 2.8 million students. A budget of 1 billion 29 million has been allocated for sanitary pads.
Teacher Bank for English, Science and Mathematics subjects, volunteer tutors to undergraduates

(04:21 PM)
Finance Minister Bishnu Paudel has said that to stop the illegal import and use of mobile sets, IMEI must be registered. It was tried to implement Mobile Device Management System (MDMS) with the aim of stopping illegal import. It is currently at a standstill after the issue of corruption was added to the purchase of its equipment.
IMEI of mobile should be registered

(04:21 PM)

Loans at three percent interest rate to make educated youth enterprising and self-employed

The government is going to give subsidized loans at three percent interest rate to educated youth to make them enterprising and self-employed. Presenting the budget for the financial year 2082/83, Finance Minister Bishnu Paudel said that on the basis of educational qualifications, business registration, skill test certificates and project proposals, subsidized loans of up to 22 lakhs will be provided without collateral.
Loans at three percent interest rate to make educated youth enterprising and self-employed

(04:18 PM)

Subsidy at the rate of 25 lakhs to 100 schools with excellent results

The government is going to give a subsidy of 2.5 million to the community schools that get the best results. Finance Minister Bishnu Paudel said that each district will conduct an incentive program based on educational results. He said that under the program, 25 grants will be given per school for 100 schools. It is mentioned in the budget to adopt a policy of re-mapping and adjustment of schools. He said that mapping will be done on the basis of teacher-student ratio, geographical distance and transportation facilities and a policy of merging schools will be taken. Incentive grants will also be provided to merged schools. It is mentioned in the budget that teachers will be reviewed and periodic training will be arranged for teachers.
Subsidy at the rate of 25 lakhs to 100 schools with excellent results

(04:17 PM)

4.15 billion to make Tribhuvan Airport a boutique airport

Finance Minister Bishnu Paudel said during the budget speech that Tribhuvan International Airport will be developed into a boutique airport by expanding its capacity to manage the increasing passenger pressure. This topic was also included in the policy and program of 2076. Presenting the government's policies and programs in the Parliament, President Bidya Devi Bhandari said that the airport will be developed as a 'boutique' international airport reflecting the original tradition and culture. In December 2075, the Ministry of Culture, Tourism and Civil Aviation started working on building a boutique airport. The Tribhuvan International Airport, which was completed in 2045 with the financial support of the Asian Development Bank, is built in the style of a farm. It was designed by two German and Japanese engineers, influenced by the fields around Kathmandu. Finance Minister Paidel has said that 4.15 billion has been allocated to develop Tribhuvan Airport into a boutique airport. It has also been mentioned in the budget that necessary actions will be taken to bring Nepal out of the aviation security list within the next financial year. Finance Minister Paidel says that domestic aviation will be made more safe and accessible and Pokhara International Airport will be developed into a tourist hub. Paidel also said that necessary facilities will be provided to make Gautam Buddha International Airport affordable for tourists and workers.
4.15 billion to make Tribhuvan Airport a boutique airport

(04:16 PM)

Advocacy will be continued on the international platform to protect the environment

In view of the negative impact on the environment as a whole, the government will continue lobbying in the international arena. The government's budget also mentions the implementation of programs to deal with melting mountains, drying glaciers and environmental protection. Finance Minister Bishnu Paudel said while presenting the budget that international forum advocacy will be continued for the protection of Nepal's interests according to the principle of climate justice.
Advocacy will be continued on the international platform to protect the environment

(04:16 PM)

5G service will be launched in Kathmandu Valley and large urban areas

The government aims to launch 5G service in Kathmandu valley and big urban areas in the next financial year. Finance Minister Bishnu Paudel has said that 4G services will be expanded and quality improved throughout the country and 5G will be launched. Service providers have been saying that it is a challenge to invest in expensive technology like 5G when their income is decreasing. Even though the government-owned Nepal Telecom has tested 5G, it has not been able to start commercial operations.
5G service will be launched in Kathmandu Valley and large urban areas

(04:15 PM)

The private sector will be encouraged to set up studios for film shooting

Finance Minister Bishnu Paudel has said that the private sector will be encouraged to build indoor and outdoor studios for film shooting in Nepal. Presenting the budget for the financial year 2082/83, he said that he would encourage the private sector for the construction of studios."Private sector will be encouraged to build indoor and outdoor studios to shoot domestic and foreign films that reflect Nepal's art culture, civilization, original and geographical diversity," he said.
The private sector will be encouraged to set up studios for film shooting
तस्बिर : फ्रीपिक डट कम

(04:14 PM)

Approve project zoning and environmental impact assessment simultaneously

Arrangements will be made to approve the project's zoning and environmental impact assessment at the same time. Finance Minister Paudel said on Thursday that after the budget impact assessment report for the next financial year is approved, if the number of trees decreases or increases up to 10 percent before felling, there will be no need to carry out a supplementary environmental impact assessment. Environmental impact assessment will be made quick and easy.
Approve project zoning and environmental impact assessment simultaneously

(04:11 PM)
The government is going to mix bio ethanol in petrol. Presenting the budget for the next fiscal year 2082/83, Finance Minister Bishnu Prasad Paudel said that bio-ethanol will be added to petroleum products. Amlekhganj Lothar petroleum pipeline expansion and construction, Siliguri Charali pipeline and storage will also be started, he said.
Ethanol is added to the fuel

(04:11 PM)

Telecommunication Authority to be restructured

The government is preparing to transfer the regulatory body of the telecommunication sector to the Nepal Telecommunication Authority. Finance Minister Bishnu Paudel has said that the authority will be restructured through the budget statement for the coming fiscal year. The authority was established in February 2053 in accordance with the provisions of the Telecommunications Act 2053 and Telecommunications Regulations 2054.
Telecommunication Authority to be restructured

(04:09 PM)

55 million doses of vaccine will be produced to control disease in livestock

The government has announced that it will produce 55 million doses of vaccine to control livestock diseases in the coming financial year. Presenting the budget for the financial year 2082/83, Finance Minister Bishnu Prasad Paudel said that vaccines will be produced by spending 85 crores. Similarly, he said that 850,000 animals will be artificially inseminated through the breeding program.

(04:07 PM)

A policy of relief for real estate agents

The government has introduced a policy to provide relief for real estate traders. The government has included in the budget the policy of opening up the sale and distribution of housing and apartments that have been granted permission but could not be sold due to the land exceeding the limit.This has made it possible to sell and distribute the housing and apartments that were built in the past even on the land held in the name of various industries and companies in order to acquire land that exceeded the limit. In this session, the government has already registered Bill 2082, which is intended to amend some Nepal Acts related to land. In order to prevent excess land from coming under the name of the government, it has been seen that even on the land held in the name of various industries and companies in the past, businessmen can build houses, housing and apartments and sell and distribute them. In Section 12 (g) of the current Land Act, there is a provision that the land in the name of the cooperative farming organization designated by the Government of Nepal through a notified order cannot be sold and distributed to the extent specified in the same order. However, the proposed bill registered in the parliament has amended this section and said, "Regardless of what is written in this act, a company that has obtained permission to do real estate business according to clause (e1) of section 12, may develop the land within the limits specified by the notified order and sell the land in accordance with the prevailing law in a ghaderi or by building a house or a housing unit (apartment) in such a ghaderi."According to the current law, the exemption for the sale and distribution of land owned by cooperative farming organizations by constructing buildings and houses has been included in the bill. Although the existing law provides the right to transfer and lease land in the name of companies and organizations, it did not give them the right to develop houses and buildings and sell and distribute them. In this, the government has mentioned in the bill the basis and reason for the amendment to remove the ambiguity regarding whether the companies that have received permission to do house and business can purchase land within the limits specified by the notified order but can not sell it or not. The government has included this in the budget.
A policy of relief for real estate agents

(04:07 PM)

1.69 billion allocation for Chure conservation

One billion 69 crores have been allocated to carry out programs for watershed protection, flood and border protection, tree plantation for forest protection, natural restoration and water storage and replenishment for Chure protection.
1.69 billion allocation for Chure conservation

(04:06 PM)
For the research, use and expansion of artificial intelligence (AI) and machine learning (ML), the government aims to establish an AI center in collaboration with the private sector. Finance Minister Bishnu Paudel has claimed in his budget speech that the commercial use of AI will be facilitated

(04:05 PM)
The government has said that citizens will have easy access to public information in the budget. Finance Minister Bishnu Paudal while presenting the budget said, 'Transparency and democracy will be enhanced by promoting press freedom. Citizens' right to personal freedom and privacy will be protected. Emphasis will be placed on the latest discoveries, research and innovation in the field of communication and information technology.

(04:03 PM)

Land, uninterrupted power and security will be provided to operators of data centers

Finance Minister Paudel has said that the private sector will be partnered in data center construction, operation and infrastructure development. He said that an information technology park will be established in Kathmandu and the feasibility of establishing a data center in the central hilly area will be studied. "Land, uninterrupted electricity and security will be provided to the natives and foreigners for the establishment of the data center," he said, "The integrated data center will be upgraded." The disaster recovery capacity of Hetauda will be expanded while the data center of Kohalpur will be completed in construction.
Land, uninterrupted power and security will be provided to operators of data centers

(04:03 PM)

Conducting 'Fruit Forest' program in collaboration with the community

The government is going to conduct the 'Fruit Forest' program in collaboration with the community. For this purpose, trees of the same nature will be planted to encourage the community in the production of fruits and herbs and high value plants on the right side of the national highway.
Conducting 'Fruit Forest' program in collaboration with the community

(03:59 PM)

Chaite paddy promotion in 22 districts of Inner Madhesh and Madhesh to become self-sufficient in rice

The government is going to promote chaite paddy in 22 districts of inner Madhesh and Madhesh to become self-sufficient in rice within 2 years. Presenting the budget for the financial year 2082/83, Finance Minister Bishnu Prasad Paudel said that it will produce 1.2 million tons of rice.
Chaite paddy promotion in 22 districts of Inner Madhesh and Madhesh to become self-sufficient in rice

(03:59 PM)

74 crore allocation by the government for digital infrastructure construction and ecosystem development

The government has allocated a budget of Rs 74 crore for digital infrastructure construction and ecosystem development. Finance Minister Bishnu Paudel has expressed his intention to give priority to the expansion of digital infrastructure while presenting the budget for the upcoming fiscal year. He said that the development of digital economy is slow. He has also included increasing the use of modern technology and increasing economic capacity in the objectives and priorities of the upcoming budget.
74 crore allocation by the government for digital infrastructure construction and ecosystem development

(03:58 PM)

Furniture industries will be established in the areas around the Madhyapahari Highway

A furniture industry will be established in the area around Pushpalal Madhyapahari Highway. In the upcoming budget, the government has announced that commercial activities will be carried out in the forest sector in order to protect the forest sector and utilize the forest produce as a national resource without adversely affecting the tourism, environment and biological diversity. The dead and fallen trees will be collected and used. The natural path of elephants will be protected to prevent damage from wild elephant attacks. It has allocated 20 million rupees to increase the production capacity by expanding the infrastructure of the herb production and processing center.

(03:56 PM)

Within the next financial year, a PDA of 7 billion rupees will be made with the private sector

Finance Minister Bishnu Paudel has said that a Project Development Agreement (PDA) worth 7 billion will be signed with the private sector within the next financial year. He has also claimed that the project worth 4 billion rupees will be started. The government's policy is to increase the institutional capacity of the Investment Board. The Board of Investment has allocated a budget of 74 million rupees to Nepal for the next financial year.
Within the next financial year, a PDA of 7 billion rupees will be made with the private sector

(03:54 PM)

28 billion budget to buy chemical fertilizers

The government has allocated 28 billion budget to buy chemical fertilizers. Presenting the budget for the next fiscal year 2082/83, Finance Minister Bishnu Prasad Paudel said that 28 billion has been allocated for easy availability of chemical fertilizers. Similarly, he said that the supply of fertilizer will reach 600,000 tons and preparations will be made to establish a fertilizer factory.
28 billion budget to buy chemical fertilizers

(03:53 PM)

Intellectual property laws will be reformed

In the budget, the standards, determination and certification of goods produced in Nepal will be managed. The government has introduced a program called "collective reform of intellectual property laws".

(03:52 PM)

Arrangements will be made to purchase land in excess of the limit

The government has said that it will review the law related to land acquisition and demarcation. It is said that such a policy will be adopted through the budget statement of the next financial year. Finance Minister Bishnu Paudel said that arrangements will be made to allow the purchase of land in excess of the limit for industries, businesses, agricultural firms and housing, apartments. "Provisions will be made to allow the sale of housing and apartments that have been completed with permission but could not be sold due to restrictions," said Paudel.
Arrangements will be made to purchase land in excess of the limit

(03:51 PM)

The budget of the Ministry of Industry, Commerce and Supply is 10 billion 140 million, 860 million more than the current year

The government has allocated a budget of 10 billion 14 billion to the Ministry of Industry, Commerce and Supply for the next financial year. This amount is 860 million more than the current financial year. 9 billion 28 billion was allocated for the financial year 2081/82.

(03:51 PM)
The government of Nepal has also given legal recognition to sweat shares. The government has made this arrangement through the next year's budget. Until now, there was no system of sweat share.
Legal recognition for sweat shares

(03:48 PM)

7 billion 49 crores from the Ministry of Land Management, Cooperatives and Poverty Alleviation

The government has allocated 7.49 billion rupees to the Ministry of Land Management, Cooperatives and Poverty Alleviation for the next financial year. Finance Minister Bishnu Paudel said this during the joint meeting of the federal parliament on the budget for the coming financial year 2082/83. The government has said that since arable land cannot be kept barren, legal and institutional arrangements will be made regarding the land bank to utilize the arable land.
7 billion 49 crores from the Ministry of Land Management, Cooperatives and Poverty Alleviation

(03:48 PM)

Made in Nepal and Make in Nepal campaigns in collaboration with the private sector

Presenting the budget for the fiscal year 2082/83, Deputy Prime Minister and Finance Minister Bishnu Paudel has said that 'Made in Nepal' and 'Make in Nepal' campaign will be conducted in collaboration with the private sector to brand the goods produced in Nepal.
Made in Nepal and Make in Nepal campaigns in collaboration with the private sector

(03:48 PM)

The assets of those who embezzled the funds of the cooperative will be auctioned

Finance Minister Bishnu Paudel has said that the property of those who embezzled the funds of the cooperative will be auctioned and distributed to the victims. Stating that a cyclical fund will be established for this, he said that the government has arranged for seed capital. According to the finance minister, the properties and passports of the directors and officials of the troubled cooperatives will be withheld.
The assets of those who embezzled the funds of the cooperative will be auctioned
तस्बिर : हेमन्त श्रेष्ठ/कान्तिपुर

(03:47 PM)

Foreign investment up to 25 percent allowed

The government has made arrangements to allow Nepalis to invest abroad. Through next year's budget, the government will allow businessmen/investors to invest up to 25 percent of total exports abroad. The permission to invest abroad will be given by the Nepal Investment Board.

(03:43 PM)

Land banks will be established in hundred municipalities

The government has announced that it will establish land banks in 100 municipalities in the coming financial year. Presenting the 2082/83 budget, Deputy Prime Minister and Finance Minister Bishnu Paudel said that legal and institutional arrangements will be made regarding the land bank to utilize the arable land. "A policy will be taken that arable land should not be kept barren," the budget statement said. The government has said that the landless, Dalit, squatters and unorganized residents will be solved permanently by amending the land related laws. Paudel said that 500,000 families will be given land owner registration certificates after collecting and verifying the data for the next financial year. He also said that there will be no shortage of resources for that.
Land banks will be established in hundred municipalities

(03:43 PM)

The budget of the Ministry of Agriculture is 57 billion 48 million, an increase of 19 million over the current year

The government has allocated 57.48 billion rupees to the Ministry of Agriculture and Livestock for the next financial year 2082/83. Deputy Prime Minister and Minister of Finance Bishnu Paudel while presenting the budget for the next financial year said that the amount will be allocated. This amount is 19 million more than the current financial year. In the financial year 2081/82, the budget for the Ministry of Agriculture is 57 billion 29 million.
The budget of the Ministry of Agriculture is 57 billion 48 million, an increase of 19 million over the current year

(03:43 PM)
Finance Minister Bishnu Paudelal has claimed that landless and landless families will be distributed to five lakh families. Within the next financial year, five lakh families will be provided with land owner registration certificate after collecting and verifying the cost. Lack of resources and manpower for this will not be allowed," he said.

(03:42 PM)
The government is going to provide cheap loans at three percent interest. Finance Minister Bishnu Paudel said that Rs 73 crore has been set aside for this.
Cheap loan at three percent interest

(03:40 PM)

Control measures will be adopted to protect the farm from monkeys, wild boars and nilgai

Finance Minister Bishnu Prasad Paudel has included in the budget of the financial year 2082/083 the issue of adopting control measures to reduce the losses caused by monkeys, wild boars and nilgai. In order to reduce such damage in the budget, it has been mentioned that priority will be given to the cultivation of yam, turmeric, tea, coffee, ginger and chillies in such areas.
Control measures will be adopted to protect the farm from monkeys, wild boars and nilgai

(03:36 PM)

Modernization in Agriculture: An Old Style of Transforming the Economy

Finance Minister Bishnu Paudel has introduced an old-style program to modernize agriculture and increase production. He said in the budget speech, 'In the agricultural sector, production and productivity will be increased through commercialization and mechanization. The surplus labor force allocated in the agricultural sector will be converted into the productive sector. Cultivable land will be used through collective farming and private firms.
Modernization in Agriculture: An Old Style of Transforming the Economy

(03:36 PM)

Productivity will be increased by mechanization in agriculture

Finance Minister Bishnu Prasad Paudel has said that production and productivity will increase by commercializing and mechanizing agriculture. Presenting the budget for the financial year 2082/83 at the joint meeting of the Parliament, Paudel said that emphasis will be placed on clean and nutritious food produced at the local level. He said that dependents in agriculture will be transformed into production. Similarly, he said that concrete programs will be conducted to ensure self-sufficiency in major food items, vegetables, fruits, milk and meat products.
Productivity will be increased by mechanization in agriculture

(03:34 PM)

10.6 billion supplementary grant to local level to implement infrastructure projects

Finance Minister Bishnu Paudel has announced supplementary grants for the implementation of infrastructure projects to the state and local levels in the budget of the financial year 2082/83. In the budget, 3 billion 28 billion has been allocated for the province and 10.6 billion for the local level, he said.
10.6 billion supplementary grant to local level to implement infrastructure projects

(03:32 PM)

Youth targeted job creation will be given top priority

Finance Minister Paudel claims that experts and skilled Nepalis who are employed abroad will be encouraged to become entrepreneurs and self-employed at home. "High priority will be given to creating youth-targeted jobs by promoting innovation and entrepreneurship," he said in the coming year's budget speech. He said that the main goal of this budget is to expand the economy and create economic opportunities.
Youth targeted job creation will be given top priority

(03:26 PM)

The challenge of maintaining good governance: Finance Minister

Finance Minister Bishnu Prasad Paudel has said that maintaining good governance in the country is a challenge. "Unable to commercialize the public administration, the expected improvement in service delivery has not been achieved," he said while presenting the budget for the fiscal year 2082/83 in the Federal Parliament today.
The challenge of maintaining good governance: Finance Minister

(03:24 PM)

The growth of the digital economy is slow

Deputy Prime Minister and Finance Minister Bishnu Paudel has said that the pace of development of the digital economy is slow due to the lack of digital infrastructure. Presenting the budget for the financial year 2082/83, Minister Paudel said that the development of the digital economy is slow at the joint meeting of the Federal Parliament on Thursday. He says that the speed of development of digital economy is slow due to lack of digital infrastructure. "We have not been able to take the expected benefit of the possibility of exporting services from tourism and information technology," he said.
The growth of the digital economy is slow

(03:23 PM)

Finance Minister's confession: In recent years, the politics of the country has become unstable

During the budget speech for the next financial year, Finance Minister Bishnu Paidel has said that the country's politics has become unstable in the last few years. Due to this, it becomes difficult to meet the needs of the nation and the expectations of the people when adversity is created in the speed of service delivery, good governance and development, he said.
Finance Minister's confession: In recent years, the politics of the country has become unstable

(03:23 PM)

The revised estimate is that 89.4 percent of the budget will be spent this year

In this financial year, the total expenditure of the government is estimated to reach 16 trillion 62 billion 37 crore rupees. This is 89.4 percent of the total allocation.According to the government's revised estimate, 88.8 percent of the current expenditure allocation, 63.5 percent of the capital expenditure allocation and 97.6 percent of the allocation will be spent on financial management.

(03:20 PM)

Prosperous Nepal Happy: Nepal is directed to move forward on the path of development prosperity, social justice, socialism: Minister of Finance

Prosperous Nepal Happy: Nepal is directed to move forward on the path of development prosperity, social justice, socialism: Minister of Finance

Kantipur

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