The recommendations given in the report of the commission or committee made at the expense of the state should be implemented as much as possible. At a time when the economic activity is lax, the private sector is feeling the pinch and the daily lives of common people are beginning to deteriorate, if the government moves towards the implementation of the recommendations of the Rameshwar Khanal report, it can bring a positive impact.
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For years, there has been a debate that Nepal's economy is sluggish and the state should take drastic measures to make it viable. However, the political and economic circles seem confused on how to make the economy viable. A concrete and clear proposal could not be prepared in a comprehensive framework from anywhere.
It was not even seen that a reliable research institution from the university considered it necessary to work on this. In this background, the report prepared by the commission formed under the coordination of former finance secretary Rameshwar Khanal has given a roadmap.
The 450-page report submitted to the Deputy Prime Minister and Finance Minister Bishnu Paudel on Friday includes suggestions ranging from reviewing the exchange rate with India to opening Nepalese investments abroad. Now the political leadership should implement the practical aspects of the suggestions mentioned in the report. The
commission has determined that the policies and programs of the government need to be aimed at creating economic opportunities while reducing the structural obstacles, encouraging them to be created and providing access to opportunities for all. In the report, the commission's recommendations on the issue of federal funding to national political parties are covered.
There has been a recent debate that this could be an effective method to reduce the unlimited expenses and corruption in elections. The Commission has also enriched this debate. The commission recommends that secretaries who are appointed to federal ministries should not be transferred within two years, employees should not be transferred to inter-ministerial offices before the completion of five years, and project heads and technical staff should not be transferred until the project is completed. This could improve the current situation where transfers are random and therefore no one is specifically accountable for any work.
The Commission has suggested that loans should not be used for current expenditure and loans should be allocated only to projects that give high returns. Nowadays, there is a growing tendency to take loans for projects that are difficult to justify, apart from those that give high returns. If the recommendations of the commission are implemented, this style of indiscriminate borrowing by burdening the nation can be improved.
When the federal government is making a mockery of federalism by distributing the budget even in the work that is the responsibility of the local level, the suggestion made by the commission that the federal government should not keep a budget for small and medium development construction is meaningful. The suggestion to liquidate loss-making companies and merge Hetaunda and Udaipur Cements may seem unpopular, but it has become necessary. The Commission has also found a way to restructure and commercialize Nepal Airlines Corporation.
In the background that production cost is high and it has negatively affected the competitive ability of Nepali products, the Commission has suggested that production and commercial costs should be reduced by providing electricity and land at low prices. The commission suggests that at least 10 percent of the capital budget should be spent on agricultural infrastructure so that the troubled agricultural sector can be energized even though it is called an agricultural country. The suggestion that farmers should be subsidized only from the local level through a one-door system can help prevent misuse or duplication of subsidies in agriculture.
leading political issues have become institutionalized in a way. Therefore, most political parties and leaders agree that the goal of the country should be towards economic development and prosperity. But they don't have a clear blueprint on how to do that. Due to the tendency of the political leadership to live in confusion and spread the same confusion, the economy has not been able to pick up the expected speed even in an easy situation. As a result, money accumulates in banks and investors are not ready to take loans and invest. At a time when the economy is slowing down, the Commission's recommendations can provide a positive way forward. It is the responsibility of the government to look at the practical aspect and implement it.
Committees or commissions formed by the government have also given suggestions according to their scope of work. There is an old problem that some reports are not made public, and even if they are, they are not implemented. As, the economist Dr. Under the leadership of Dilliraj Khanal, the 'Public Expenditure Review Commission' was formed in 2075 when KP Oli was the Prime Minister. The report of the
commission included recommendations for abolishing unnecessary government institutions, reducing ministries and departments, merging offices with duplication and reducing staff positions. It is said that if the recommendations of the report are implemented, the public expenditure will decrease by more than a billion. But the report was not made public for a long time. Even after being made public, it has not been implemented and reviewed. The situation is similar to many other reports.
The recommendations given in the report of the commission or committee made by the state should be implemented as much as possible. Only if the suggestions can be implemented, there will be interest towards the commission and credibility will also increase. At a time when the economic activity is lax, the private sector is feeling the pinch and the daily lives of common people are beginning to deteriorate, if the government moves towards the implementation of the recommendations of the Rameshwar Khanal report, it can bring a positive impact. The report contains drastic recommendations, arithmetically, the current strong government should dare to implement them.
