The budget is meant to feed the ambitious and wealthy, the target is not met: Former Finance Minister Mahat
Kathmandu. Former finance minister and Nepali Congress leader Dr. Prakasharan Mahat has commented that the budget for the next financial year 2083-84 brought by the government is very ambitious and it has taken a policy to feed the rich class rather than the lower and middle class.
Speaking at the budget review program organized by the Federation of Nepal Industry and Trade on Tuesday, Dr. Mahat claimed that the budget size, revenue targets and economic growth projections were not realistic. In the current situation, the economic growth rate of 7 percent and the goal of creating 1.5 million jobs cannot be achieved, he said. The main weakness of Dr. Mahat pointed out.
Express
Related News
China to launch new action plan to strengthen digital currency management and operations
Kathmandu. China has announced that it will launch a new 'action plan' to strengthen the management and operation of its digital currency from January 1. Lu Lei, the deputy governor of People's Bank of China PBOC, the country's central bank, gave...
Extensive changes in the tax system by the government through the budget: Abolition of some taxes and fees
Kathmandu. With the aim of providing relief to citizens and businessmen through the budget of the next financial year, the Government of Nepal has canceled some of the taxes and fees imposed in the past and has significantly reduced some of them....
Historic Free Trade Agreement between India and New Zealand
Kathmandu. A new chapter has started in the bilateral trade relations between India and New Zealand from Monday. The two countries have signed a historic free trade agreement. With the agreement, it is expected to bring radical changes in the fiel...
Nepalis abroad sent 553 billion in three months, an increase of 35.4 percent in remittances
Kathmandu. In the first three months of the current financial year, there has been an increase of 35.4 percent in remittance inflow in July and October. According to the details released by Nepal Rastra Bank, remittanc...
What is the foreign currency exchange rate for Monday?
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Monday. According to the determined exchange rate, the buying rate of one US dollar is 144 rupees 76 paisa and the selling rate is 145 rupees 36 paisa.
Simila...
What is the exchange rate of which foreign currency on Friday?
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 146 rupees 32 paisa and the selling rate is 146 rupees 92 paisa.
<...



