Presenting the budget for the coming fiscal year in the joint meeting of the federal parliament on Friday, Finance Minister Dr Swarnim Wagle presented the policy of developing rural and urban areas with high potential for economic growth as ‘growth pole’ and ‘quad’.TAG_OPEN_div_18
Tax will be encouraged on medicinal herbs, hydropower, tourism and mining activities by incorporating the Mid-TAG_OPEN_div_14 Hill Pushpalal Highway, Karnali Highway, Bheri Corridor and Rara-Jumla-Phoksundo area. The Kaligandaki civilization area would be developed as the ‘Gandaki Quadrilateral’ focused on pilgrimage and clean enterprise by upgrading the Siddhartha Highway.
The plan to construct the ‘Shaligram Path’ will cover Trivenidham, Devghat, Ruruchhetra, Kagbeni, Muktinath and Damodar Kunda.TAG_OPEN_div_12 The budget has made it clear that a new tourism route would be promoted by linking Lumbini-Muktinath religious and cultural route with meditation, yoga, Buddhist-Vedic philosophy and Himalayan cultural tourism.
The Finance Minister has announced that the ‘Investment Express’ concept will be implemented for the promotion of investment and a ‘single route system’ will be implemented within the next three months.TAG_OPEN_div_10 The company will integrate services related to company registration, tax, labor, visa application and other services. The budget has also made a legal provision that the projects approved by the Investment Board will not have to seek approval from other bodies. (
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