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April 25: The private sector has demanded a ‘bold’ budget from the government for the upcoming fiscal year for economic revival. Confederation of Nepalese Industries (CNI) has suggested the government to bring such budget in order to revive the bed-ridden economy which had taken massive hits from last year’s devastating earthquake and the border blockade.
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Anuj Agrawal, Vice Chairman of CNI adviced the government to formulate production and employment-focused economic and fiscal policy, large infrastructure and reconstruction focused development policy. He asked the government to include private sector and business friendly tax and revenue policy in the upcoming budget.
Similarly, CNI has submitted three dozen demands to the government. The demands include; government attention on revival of damaged small and medium industries and supply of electricity through separate transmission lines to the industries providing more than 100 employments. It has also asked the government to focus on implementing the agricultural promotion fund and allocation of at least one third budget on infrastructure sector. Likewise, it has demanded government’s approach on facilitating duty- free access to Nepali products which the developed nations provide to underdeveloped countries.
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<p style="text-align: justify;">Anuj Agrawal, Vice Chairman of CNI adviced the government to formulate production and employment-focused economic and fiscal policy, large infrastructure and reconstruction focused development policy. He asked the government to include private sector and business friendly tax and revenue policy in the upcoming budget.</p>
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