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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
<p>
<span style="font-size: 12px;">The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.</span></p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
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<span style="font-size: 12px;">The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.</span></p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
<p>
<span style="font-size: 12px;">The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.</span></p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
<p>
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<p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
<p>
<span style="font-size: 12px;">The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.</span></p>
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<p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
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<p>
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The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.
Development of physical infrastructure, expansion of social services, enhancement of good governance in public and other sectors and inclusive and sustainable development are the other priorities. Similarly, development of hydropower and energy sectors, commercialization and diversification of agricultural sector, enhancement of farm productivity and increased access to basic education and health services, drinking water and sanitation are also among the programmes incorporated in the approach paper. The plan has also emphasized on the development of road, other physical infrastructure, tourism, industrial and trade sectors, along with conservation of natural resources and environment. The meeting also discussed about the hurdles in the aim to achieve the targeted development. Political crisis, energy crisis and lack of manpower are identified as the major potential challenges for industrial development.
The paper has formulated plans to spend a total Rs 1.62 trillion till 2015/16. Of this, Rs 960.69 billion will be spent to cover recurrent expenses, while Rs 277.94 billion is allocated for capital spending.
These expenses, according to the plan, would be met through estimated revenue collection of Rs 1.13 trillion in the three-year period, while the rest would be raised through domestic debt and grants and loans from development partners.
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
<p>
<span style="font-size: 12px;">The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.</span></p>
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Development of physical infrastructure, expansion of social services, enhancement of good governance in public and other sectors and inclusive and sustainable development are the other priorities. Similarly, development of hydropower and energy sectors, commercialization and diversification of agricultural sector, enhancement of farm productivity and increased access to basic education and health services, drinking water and sanitation are also among the programmes incorporated in the approach paper. The plan has also emphasized on the development of road, other physical infrastructure, tourism, industrial and trade sectors, along with conservation of natural resources and environment. The meeting also discussed about the hurdles in the aim to achieve the targeted development. Political crisis, energy crisis and lack of manpower are identified as the major potential challenges for industrial development.</p>
<p>
The paper has formulated plans to spend a total Rs 1.62 trillion till 2015/16. Of this, Rs 960.69 billion will be spent to cover recurrent expenses, while Rs 277.94 billion is allocated for capital spending.</p>
<p>
These expenses, according to the plan, would be met through estimated revenue collection of Rs 1.13 trillion in the three-year period, while the rest would be raised through domestic debt and grants and loans from development partners.</p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
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<span style="font-size: 12px;">The meeting of the National Development Council (NDC) held on July 5-6 in Kathmandu concluded by fixing the target of 6% annual growth rate during the 13th development plan period (2070-73). The two day meeting was attended by experts, leaders of political parties and top bureaucrats. The approach paper to the three-year plan approved by the meeting aims to upgrade Nepal to the status of Developing Country by 2022 from the existing Least Developed Country (LDC). To attain the 6% growth rate, the plan focuses on agricultural growth rate of 4.5% per annum while the target is 6.7% growth rate per annum in non-agricultural sector. These growth rates are expected to trigger employment growth rate of 3.2% per annum, reducing population living below the poverty line to 18%. Effective mobilization of public, private and cooperative sector is the major strategy to achieve the set targets.</span></p>
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<p>
The paper has formulated plans to spend a total Rs 1.62 trillion till 2015/16. Of this, Rs 960.69 billion will be spent to cover recurrent expenses, while Rs 277.94 billion is allocated for capital spending.</p>
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<strong><span style="font-size: 12px;">-- By TC Correspondent</span></strong></p>
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<p>
The paper has formulated plans to spend a total Rs 1.62 trillion till 2015/16. Of this, Rs 960.69 billion will be spent to cover recurrent expenses, while Rs 277.94 billion is allocated for capital spending.</p>
<p>
These expenses, according to the plan, would be met through estimated revenue collection of Rs 1.13 trillion in the three-year period, while the rest would be raised through domestic debt and grants and loans from development partners.</p>
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