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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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“Ending Energy Crisis In Five Years Is Not An Ambitious Plan”
5 min 50 sec to read
Former Deputy Prime Minister and Finance Minister Bharat Mohan Adhikari believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s Janardan Baral recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. Excerpts:
Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity.
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs.
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities.
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs.
What are major economic priorities of UML?
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic.
You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda.
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products.
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too.
Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth?
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage.
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector.
UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.
Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate?
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity.
What result do you expect from this election?
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system.
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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'title' => '“Ending Energy Crisis In Five Years Is Not An Ambitious Plan”',
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<div>
<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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<span style="font-size:14px;">Former Deputy Prime Minister and Finance Minister <strong>Bharat Mohan Adhikari</strong> believes that the nation can gain economic prosperity if existing power crisis is solved. His party, CPN UML, recently unveiled its manifesto that equally focuses on national economic development agenda. The Corporate’s <strong>Janardan Baral</strong> recently caught up with him and discussed issues pertaining to party’s plan to materialize the New Nepal dream. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<strong>Like other political parties, CPN UML has also unveiled an over-ambitious manifesto. Why?</strong></div>
<div>
UML has come up with programmes which are necessary for socioeconomic and cultural transformation. Nepal is underdeveloped country and we have envisaged uplifting the country’s economic status in five years which, I think, is very pragmatic plan. We have developed clear plans to achieve targets set by the party. The first condition to develop Nepal is to increase its productivity. </div>
<div>
</div>
<div>
Living standards of the people can be elevated by increasing their income through creating more employment opportunities. This requires funneling more investment from both public and private sector and also channeling foreign aid and Foreign Direct Investment (FDI) in productive sectors. Stimulating cooperatives to invest in productive sector is another important aspect to gain substantial results in economic development. The three pillar economy adopted by our party corresponds to these needs. </div>
<div>
</div>
<div>
It is worthwhile mentioning here that friends who earlier firmly believed that market operates in itself, have now started talking about the necessity of a regulatory body. This does not mean that CPN UML favors state controlled economy. Country can head towards economic prosperity only if the private sector is allowed to assume lead responsibilities. </div>
<div>
</div>
<div>
In our context, the state is still the largest investor. It has to take responsibilities of various sectors such as infrastructure, poverty alleviation and education. Our manifesto has been prepared by considering these actualities and needs. </div>
<div>
</div>
<div>
<strong>What are major economic priorities of UML?</strong></div>
<div>
Agricultural sector is our priority. Rural development through modernization of agriculture is our main target. UML has decided to increase investment and subsidy in agriculture sector. We have decided to enhance irrigation facilities and ensure easy financial access to the farmers. We have plan to diversify agriculture sector and modernize it by introducing scientific methods. We have further decided to earmark Rs 5 million to each Village Development Committee under the programme Develop One’s Own Village. I firmly believe that our manifesto is pragmatic and realistic. </div>
<div>
</div>
<div>
<strong>You claim UML’s manifesto is very pragmatic. But doesn’t the vision to transform the country to a developing nation from under-developed nation in five years seem impractical and ambitious?</strong></div>
<div>
World Bank has predicted a 4.5 per cent economic growth in this year. I think, six per cent is very moderate growth for Nepal’s economy. The economic growth can be achieved if political parties are ready to refrain from strikes. We should let economy to go ahead without hassles. Double digit economic growth is not something we cannot achieve. But we all need to be sincere to economic agenda. </div>
<div>
</div>
<div>
We have pledged to work in a manner that the country will be self reliant in food, we will promote export-oriented industries and we will encourage business community to substitute imports. We can reduce import figure by promoting export of agro products. </div>
<div>
</div>
<div>
UML has envisaged expanding road connectivity in all districts within five years, generating 5,000 MW electricity and attracting 2 million tourists in a year. These programmes will help increase both productivity and employment opportunities. And, all these programmes are achievable too. </div>
<div>
</div>
<div>
<strong>Service sector has been expanding but productive sector has shrunk. On the other hand, energy crisis and labour unrest have been affecting economy. In this scenario, is it possible to achieve double digit economic growth? </strong></div>
<div>
I agree that the country’s economy has been facing trouble due to energy crisis. Industry sector cannot boom if the problem will continue. This is why we have decided to generate 5,000 MW electricity in five years. Electricity generation will open window for industrialization. Major setback for Nepal’s industrial development is power deficit not labour unrest. We have to end frustration of industrial sector by generating power. We can automatically increase export if we produce goods in our own country by utilizing our own natural resources that we have failed to manage. </div>
<div>
</div>
<div>
We are in favour of a balanced industrial and labour relation. There should be social security plans for workforce. Similarly, we should also ensure investment-friendly environment for industrialists. We should create an environment where owners and workers can work together. We are committed to promote production sector. </div>
<div>
</div>
<div>
<strong>UML has also pledged to make revenue system scientific and private-sector friendly. Yet, it is not clear if its emphasis is on indirect tax like VAT or direct tax like income tax. What’s your say?</strong></div>
<div>
It is fact that the awareness about revenue has increased these days. We need to disseminate message that tax is duty of citizens and it is also a matter of pride. We want to expand tax net to make internal resources as a main source of country’s operation. Our principal emphasis is on direct tax. We will formulate revenue policy based on international standards and guidelines. VAT has been doing well in Nepal’s tax regime. UML believes that existing tax policies are fine. So, our effort will be focused on implementing these policies effectively through more competent measures.</div>
<div>
</div>
<div>
<strong>Let’s talk about political issues, Political parties are competing in the second CA election with the same agenda which were major bone of contention in the first CA. Don’t you think, the new CA is doomed to share its predecessors’ fate? </strong></div>
<div>
You are right to some extent. Ethnicity issues were hyped from the beginning of CA election. Foreigners were also involved in exaggerating ethnic issues in the last CA election. Some even tried to make UML weaker. But the fact is we cannot develop provinces based on caste and ethnicity. </div>
<div>
</div>
<div>
<strong>What result do you expect from this election?</strong></div>
<div>
CPN UML will be the largest party from this election. Our research has shown that our popularity has increased in various regions. We will win around 100 seats from first-past-the-post election system and 70 seats under proportional representation system. </div>',
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