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The government’s 100-point policy and program: capital market, public expenditure to East-West electric railway, what else did it cover? (Full Text)

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. The government has unveiled a 100-point policy and programme for the coming fiscal year.

The 100-point policy and programmes unveiled by the government for the coming fiscal year today states that all financial transactions would be linked to digital platforms, double taxation exemption agreement would be extended with various countries, risk-based regulation, supervision and prosecution would be implemented by fully abiding by international standards on money laundering prevention.

Likewise, the capacity of the National Cooperative Regulatory Authority will be strengthened for the regulation and effective management of cooperatives. An integrated savings protection fund will be set up to return the money deposited in the problematic cooperatives and the money will be returned to the savers through loan recovery. The credit information system will be strengthened to control excessive debt, meter interest and economic crimes

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Similarly, the capital market would be developed in accordance with safe, competitive and international standards, securities regulation, NEPSE and clearing system would be restructured and participation of institutional investors, pension funds, insurance, mutual funds and Non-Resident Nepalese would be expanded. Debt market, bond market, infrastructure bond and risk management tools will be developed to build long-term capital.

A new model of infrastructure financing will be implemented by mobilizing alternative development finance, diaspora capital and private investment. The project will focus on high-yielding projects involving foreign aid, loans and investment from the private sector. The transformative projects will be pursued with clear goals, a definite budget and a strict timeline.

Likewise, the government has proposed to make public expenditure result-oriented, reform public institutions, declare the information technology sector as a national strategic industry and implement the Investment Express Policy to complete business registration and construction permit within 30 days.

The government has also given priority to the agriculture sector. Payments would be made to farmers’ accounts through digital means, agriculture companies would be opened through public policy partnership and network would be minimized post-production losses and supply chain strengthened.

The government’s policies and programmes have stated that the land administration service would be expanded to all local levels in a phased manner by integrating survey and land revenue services.

The government’s policy and programmes include the formation of Nepal Carbon Authority to reducing air pollution. Likewise, the private sector’s participation in power generation, transmission lines, distribution and trade will be ensured.

Similarly, preparations are underway to formulate a national industrial policy, develop aviation infrastructure, launch Devbhoomi Nepal National Campaign to establish it as a hub of spiritual tourists and to celebrate Visit Nepal 2085.

Similarly, the health insurance program will be restructured.

Similarly, the government’s policy and program will study the continuity of the construction of East-West electric railway and the investment modality of Kerung-Kathmandu and Raxaul-Kathmandu railway. It will be done.

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