August 15, 2026, Saturday
English

Expensive lessons for the government due to lack of insurance, the loss of Gen-G movement exceeded 84 billion

Main News Image

Kathmandu. It is seen that the government itself has to bear the financial burden of the damage caused during the Gen-G movement due to the lack of insurance of government physical structures. According to the government report, more than 36 billion 300 million rupees will be spent only for the reconstruction, maintenance and purchase of new physical assets of public structures.

According to the reconstruction action plan, it is estimated that 36 billion 30 million 21 lakh rupees will be needed for the purchase and repair of damaged buildings, vehicles and other physical objects of the public sector. Out of this, 19.98 billion 98 million will be spent on building reconstruction and repair, 6.16 billion 168 million on vehicle purchase and repair and 10.14 billion 42 million rupees on other material materials.

According to the report prepared by the committee, physical damage worth 84 billion 457 million rupees has been caused throughout the country during the agitation. This amount is equivalent to 1.38 percent of the country's gross domestic product (GDP) and 4.30 percent of the current fiscal year's total budget.

Of the total damage, 53 percent was in the government and public sector, 40 percent in the private sector and the remaining 7 percent in the community and other sectors. According to the report, Bagmati province was the worst affected state, where 66.5 percent of the total damage was done.

Based on the amount, the damage in Bagmati province is equal to 56 billion 23 million rupees. After this, it seems that there was a loss of 10.24 billion in Koshi province, 5.99 billion in Lumbini, 4.92 billion in Madhesh, 4.1 billion in Gandaki, 2.40 billion in Far West and 62 billion in Karnali province.

The impct of the movement was not limited to structure. According to the report, the loss of production of goods and services has reached 13 billion 875 million rupees. Regarding employment, 2 thousand 999 people's employment has been directly affected, out of which 2 thousand 353 people have lost their jobs completely.

mediabaaji add

Related News

The price of petroleum products from India has increased, the price of gas and petrol has remained the same

Kathmandu. Nepal Oil Corporation has adjusted the price of petroleum products. After Indian Oil Corporation sent the new price of petroleum products, Nepal Oil Corporation has adjusted it. Accordingly, per liter petrol has increased by Rs 0.12, di...

What is the exchange rate of which foreign currency on Tuesday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one American dollar is 145 rupees 16 paisa and the selling rate is 145 rupees 76 paisa. The...

The price of petroleum products has increased, how much is the price per liter?

Kathmandu. The prices of petroleum products have been adjusted. Nepal Oil Corporation has adjusted the prices of petrol, diesel and kerosene with effect from today. According to the corporation, the price of petrol has increased by one rupee per l...

Today, while the price of gold remained stable, silver decreased, what is the price per tola?

Kathmandu. In the Nepalese market today, the price of gold has remained stable, while the price of silver has decreased slightly. According to the Federation of Nepal Gold and Silver Dealers, today the price of printed gold per tola has been set a...

A decline of 22.33 points in NEPSE, the turnover fell to 8 billion 99 crores

Kathmandu. On the first trading day of the week, the NEPSE index decreased by 22.33 points and remained at the point of 2791.71. During the day, 21.842 thousand 887 shares of 329 companies were bought and sold, totaling 8.999 billion 2.6 million s...

Drop in gold prices, how much per tola on Tuesday?

Kathmandu. There has been a huge fall in the price of gold in the Nepalese market. Today, gold has fallen by 3,800 rupees per tola. According to the Nepal Gold and Silver Traders Federation, gold has been fixed at Rs 2...