Third phase of reforms in economy, nearly two dozen Acts to be repealed, hassle-free service
लगानी न्यूज
Kathmandu. Major political parties have released their manifestos with the objective of qualitative improvement in the country’s economy. The major political parties have come up with a plan to strengthen the country’s economy keeping the House of Representatives elections scheduled for March 4 at the centre.
The manifesto also includes plans for increasing the size of the economy, qualitative economic growth and the third phase of economic reforms.TAG_OPEN_div_126 The major political parties have given importance to the issues of multidimensional expansion of economy, self-reliance and internal strengthening. Along with political stability, the manifesto has emphasized on strengthening the country by incorporating the issues of economic development and prosperity in the manifesto.
The Nepali Congress (NC) has declared the next five years as the half-decade of economic revival and has set a target to boost Nepal’s economy to Rs 115 trillion through second-generation economic reforms.TAG_OPEN_div_124 The NC has also resolved to increase per capita income to 2,500 US dollars.
The goal is to mobilize a large amount of investment and keep 80 percent of it from the private sector, limiting the role of the state to that of a facilitator and impartial regulator.TAG_OPEN_div_122 Similarly, the Congress plans to control inflation within five percent.
liberal economy is designed to establish the private sector as the main engine of prosperity, creating an environment of policy stability, healthy competition, where the government will play the role of an efficient regulator for competitive fairness and fairness of the market.
The Nepali Congress, which has forwarded a plan to achieve product-oriented economy, employment-oriented and production-based high, sustainable and broad economic growth, has internalized the fact that the youth are not only workers but also real partners in wealth creation and entrepreneurship.TAG_OPEN_div_118
The party aims to ensure special economic opportunities and protection to low-income and marginalized communities to create wealth, be productive and own property.TAG_OPEN_div_116
The NC has a plan to create a hassle-free environment by making the one-door system effective to immediately address the policy ambiguities, legal hassles and institutional complexities being faced by various types of industries currently in operation.TAG_OPEN_div_114
The tax rates and conditions will remain stable for at least 10 years, and a simplified digital system will be implemented to make the process from registration to renewal of an industry paperless and hassle-free.TAG_OPEN_div_112
Likewise, the party has included in the manifesto to establish a transparent, powerful Investment Promotion and Protection Board by merging the Investment Board and the Department of Industry and to make necessary policy and legal arrangements to make the existing special economic zones more effective.TAG_OPEN_div_110
The manifesto, named ‘Congress Promise’, has put forward a plan to facilitate the informal economy by providing necessary knowledge, information and facilities.TAG_OPEN_div_108
The Communist Party of Nepal (TAG_OPEN_div_106}} has set a target of making the economy of one trillion rupees in half a decade. We have a plan to make a two trillion dollar economy in a decade. The government has set a target of achieving economic growth from seven per cent by striking in agricultural productivity, power generation capacity, mineral and industrial production, information technology and physical infrastructure development.
All TAG_OPEN_div_104 the national resources and capacity will be mobilized with the goal of increasing the per capita income to about three thousand US dollars in five years. The UML aims to end extreme poverty through equitable rapid economic development.
The UML has set a target of modernizing agriculture and transferring the surplus workforce to the industrial and service sectors through education, skills and technology development.TAG_OPEN_div_102 It plans to make macroeconomic and sectoral policies investment-friendly and production-friendly. The CPN-UML has planned to mobilize investment for high economic growth by mobilizing additional internal and external capital by developing and strengthening the capital market.
The CPN-UML has set a target to increase the state’s investment in the sectors that have a multiplier effect on economic growth.TAG_OPEN_div_100
The UML has a plan to increase the efficiency of the public corporations, increase investment in productive sectors that create employment by reducing capital building and other expenses except the expenses of compulsory liabilities for the next five years.TAG_OPEN_div_98 The budget has set a target to implement the budget by making legal provisions to punish those who violate the limits of the budget’s score, stipulated time, results and quality or do not meet the criteria.
The UML has said that the government will take public loan only for the implementation of national priority projects and will not allow the public debt to exceed the safe ratio of national capacity.TAG_OPEN_div_96 The party has come up with a plan to control inflation, maintain food security, increase production, regulate price and supply and protect consumers’ interests.
Similarly, the Communist Party of Nepal (CPN) has given importance to the issue of initiating a new phase of economic reform in its commitment paper.TAG_OPEN_div_94 The CPN has envisioned a socialism-oriented economy as envisioned by the Constitution of Nepal.
The CPN manifesto has stated that the process of new phase of comprehensive and structural economic reform would be forwarded keeping in mind the changing national and international economic environment with social justice and economic prosperity along with production growth, employment generation, financial inclusion and self-reliance at the centre.TAG_OPEN_div_92 The CPN is determined to bring a time-bound action plan to take out Nepal from the grey list of an international organization studying money laundering.
Transformation of agriculture and rural economy, energy and infrastructure development, industrial and entrepreneurship promotion, information technology and digital economy, quality development of tourism and service sector and social sector are the priority of the party.TAG_OPEN_div_90
The NCP has set a target of adding 150,000 additional jobs every year to ensure 500,TAG_OPEN_div_88 000 jobs annually by maximizing the demographic dividend through productive employment. The NCP has set a target to reduce the multidimensional poverty rate from the current 20.15 per cent to 5 per cent within five years by reducing the socio-economic inequalities.
} The goal has been set to gradually reduce import dependency by making production-oriented, export promotion and self-reliant economy, increasing the investment capacity of the domestic private sector and attracting foreign investors. The objective of the CPN is to lay the foundation for the judicious use of natural resources, green and digital economy.
The CPN has set a target to develop each province as a special economic activity zone on the basis of potential, and the CPN has stated in the resolution that economic development will be done by maintaining a balance between private, cooperative and public sectors.TAG_OPEN_div_84
The CPN has put forward a plan to strengthen the three pillars of the economy and make the community sector the fourth pillar. The CPN has put forward a plan to make policy and structural reforms to reduce the cost of production, and to ensure self-sufficiency in strategic goods and services, including food grains.
The manifesto has included diversification of foreign trade and establishment of industries producing export-oriented goods in partnership with government, private and cooperative sectors focusing on certain production.TAG_OPEN_div_80 The NCP has put forward a programme to increase production and employment through the development of agriculture and industrial sector.
The CPN plans to encourage banks to invest in productive sectors by making arrangements to set targets for medium and small loans to eliminate the situation of the committee houses having a large share of the financial sector in Nepal.TAG_OPEN_div_78
In line with the concept of fintech, the CPN has pledged to transform the agriculture and rural economy with the goal of making financial services and systems accessible, simple, efficient and transparent.TAG_OPEN_div_76
The government has set a target of reducing the poverty rate to five percent, distributing identity cards to all farmers within a year and generating an additional 110,TAG_OPEN_div_74 000 MW of electricity within five years. The NCP has also proposed to develop 20 cities into smart cities and 100 rural settlements into smart villages, health insurance to all citizens by 2088 and reduce the number of ministers at the center from 25 to form a small cabinet with experts.
The Rastriya Swatantra Party (Rastriya Swatantra Party) (Rastriya Swatantra Party) believes that productivity will continue to increase as our main basis for economic progress.TAG_OPEN_div_72 The RSP is of the view that the measure of overall development should not be measured only by income growth but also by the qualitative improvement in employment expansion, social cohesion, equality of opportunity and environmental balance.
The RSP plans to promote mobility, innovation and creativity in the private sector and equitable redistribution of national income through public education, health, transportation, housing and social security.TAG_OPEN_div_70
The party has pledged to repeal about two dozen Acts that have become irrelevant, reduce the cost of production by repealing or reforming a series of complicated acts and process, improve business environment and attract domestic and foreign investment in priority areas of economic growth.TAG_OPEN_div_68 The Rastriya Swatantra Party (RSP) has set a target to maintain an average economic growth rate of seven per cent annually in the next five years to transform Nepal into a respectable middle-income country.
The party aims to cross $3,TAG_OPEN_div_66 000 per capita income in the next five to seven years and take the size of the economy closer to $100 billion. It has put forward a plan to reduce the burden of all taxes with a liberal economic policy based on social justice, improved understanding with the private sector, with the guarantee that there will be no revenue loss.
} The party has included in the promise to provide ‘one-stop’ service after submitting the file in one place for the promotion and facilitation of domestic and foreign investment. The party’s manifesto has included in the manifesto to implement a goal-oriented working style for public projects with clear objectives, priorities, guaranteed budget, definite time frame, qualified and adequate human resources and result-oriented goals.
प्रतिक्रिया दिनुहोस्