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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
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The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
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Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
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<strong>Prioritising Basic Infrastructure </strong></p>
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In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
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<strong>Producing Industrialist from Iron Mine</strong></p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
<p>
</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
<p>
</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
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“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
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<strong>Continuous Effort but Poorly Implemented </strong></p>
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<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
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<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
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<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.
Such fund will be made available for commencement of new businesses and industries with innovative ideas.
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”
Continuous Effort but Poorly Implemented
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented.
Prioritising Basic Infrastructure
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.
Producing Industrialist from Iron Mine
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.
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<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
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<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
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<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
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<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
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<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
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Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
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Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
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“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
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<strong>Continuous Effort but Poorly Implemented </strong></p>
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The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
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<strong>Prioritising Basic Infrastructure </strong></p>
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In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
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<strong>Producing Industrialist from Iron Mine</strong></p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
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<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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May 30: The recently unveiled budget for the upcoming fiscal year 2019/20 has given priority to industries and traders of the country. The government has brought a policy to promote domestic garment industry through the new budget.</p>
<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
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<p>
Finance Minister Yuba Raj Khatiwada announced 50 percent exemption on the electricity bill for garment industries registered under VAT. Likewise, such garment industries will also get subsidy up to five percent.</p>
<p>
The government has also set up a ‘Challenge Fund’ to support emerging entrepreneurs and to secure the investment of those willing to venture into the business world.</p>
<p>
Such fund will be made available for commencement of new businesses and industries with innovative ideas.</p>
<p>
Bhawani Rana, president of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), said that the new budget ensures protection of overall businesses and industries of Nepal.</p>
<p>
“The assurance of implementing the anti-dumping law to discourage the import of sub-standard goods and prioritizing domestic production has given a positive message,” said Rana, adding, “Nevertheless, these policies are to be implemented effectively.”</p>
<p>
<strong>Continuous Effort but Poorly Implemented </strong></p>
<p>
The budget has also emphasized the use of domestic products in public offices. The budget has mentioned strict implementation of the provision related to using home-grown products in public offices. The government had introduced this provision in 2014 to encourage the use of domestic products. However, the decision could not be practically implemented. </p>
<p>
<strong>Prioritising Basic Infrastructure </strong></p>
<p>
In order to encourage investment, the budget has focused on construction of fundamental infrastructures in the special economic zones (SEZ). Likewise, it also focuses on operation of at least one industrial area in all seven provinces.</p>
<p>
<strong>Producing Industrialist from Iron Mine</strong></p>
<p>
The iron mine at Dhaubadi of Nawalparasi will start commercial production of iron from the upcoming fiscal year. Likewise, the government is also plans to unearth precious stones in Surkhet and process them, according the finance minister.</p>
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