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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
<p style="text-align:justify">Tripathi informs that various plan has been prepared to promote domestic and international trade in coming FY. “In the coming FY, under construction ports in various locations across the country will be concluded and the works on ports that are being planned and surveyed will be commenced,” he adds. Presently, four ports in various locations of the nation are being operated whereas, Larcha Port of Tatopani, Sindhupalchowk that was destroyed due to the devastating earthquake is in reconstruction phase. Similarly, construction of the ports in Chobhar of Kathmandu and Rasuwa Gadhi of Nepal-China Border Area are in starting phase while study is being conducted to construct the ports in Far-Western and Jhapa, informs the Ministry.</p>
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<p style="text-align:justify">However, capital expenditure from the current budget allocation till the second quarter of current FY is not that encouraging. According to the Ministry, only 57 percent from current and 13 percent from capital expenditure has been spent so far. The overall progress of various development projects under the Ministry is also discouraging. The physical progress of the projects is 63.27 percent and financial progress is 47.36 percent up to the second quarter of the current FY. </p>
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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
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May 3: Ministry of Finance has allocated Rs 1.76 billion budget sealing for Ministry of Commerce for the coming fiscal year 2073/74. The budget sealing is Rs 150 million more than current FY 2072/73. In the current FY, Rs 1.61 billion was allocated for the Finance Ministry.
According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.
Tripathi informs that various plan has been prepared to promote domestic and international trade in coming FY. “In the coming FY, under construction ports in various locations across the country will be concluded and the works on ports that are being planned and surveyed will be commenced,” he adds. Presently, four ports in various locations of the nation are being operated whereas, Larcha Port of Tatopani, Sindhupalchowk that was destroyed due to the devastating earthquake is in reconstruction phase. Similarly, construction of the ports in Chobhar of Kathmandu and Rasuwa Gadhi of Nepal-China Border Area are in starting phase while study is being conducted to construct the ports in Far-Western and Jhapa, informs the Ministry.
Likewise, construction of Herbal Processing Centre in Surkhet has been included in the program for coming FY. Construction of trading centre in every province, establishment of trade rehabilitation centre in earthquake effective districts, skill development and efficiency promotion for the increment of production of pashmina and other major exported goods are also included in the prepared program. Similarly, programs on infrastructure development, organising of fairs and subsidies for growth of exportable items under Nepal Trade Integration Strategy also has been formulated for the coming FY. According to Trade and Export Promotion Centre, prepared plan also includes formation of trade portal and one-door custom system.
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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
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<p style="text-align:justify">However, capital expenditure from the current budget allocation till the second quarter of current FY is not that encouraging. According to the Ministry, only 57 percent from current and 13 percent from capital expenditure has been spent so far. The overall progress of various development projects under the Ministry is also discouraging. The physical progress of the projects is 63.27 percent and financial progress is 47.36 percent up to the second quarter of the current FY. </p>
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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
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<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
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'title' => 'Rs 1.76 Billion Budget Sealing For Commerce Ministry',
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'summary' => 'May 3: Ministry of Finance has allocated Rs 1.76 billion budget sealing for Ministry of Commerce for the coming fiscal year 2073/74. The budget sealing is Rs 150 million more than current FY 2072/73. In the current FY, Rs 1.61 billion was allocated for the Finance Ministry. According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.',
'content' => '<p style="text-align:justify">May 3: Ministry of Finance has allocated Rs 1.76 billion budget sealing for Ministry of Commerce for the coming fiscal year 2073/74. The budget sealing is Rs 150 million more than current FY 2072/73. In the current FY, Rs 1.61 billion was allocated for the Finance Ministry.</p>
<p style="text-align:justify">According to the Ministry, various programs have been prepared for coming FY compatible with the budget sealing. “Issues of export promotion and infrastructure development for trade promotion have been kept in priority for coming FY,” says Shiva Tripathi, Vice-Secretary of the Ministry.</p>
<p style="text-align:justify">Tripathi informs that various plan has been prepared to promote domestic and international trade in coming FY. “In the coming FY, under construction ports in various locations across the country will be concluded and the works on ports that are being planned and surveyed will be commenced,” he adds. Presently, four ports in various locations of the nation are being operated whereas, Larcha Port of Tatopani, Sindhupalchowk that was destroyed due to the devastating earthquake is in reconstruction phase. Similarly, construction of the ports in Chobhar of Kathmandu and Rasuwa Gadhi of Nepal-China Border Area are in starting phase while study is being conducted to construct the ports in Far-Western and Jhapa, informs the Ministry.</p>
<p style="text-align:justify">Likewise, construction of Herbal Processing Centre in Surkhet has been included in the program for coming FY. Construction of trading centre in every province, establishment of trade rehabilitation centre in earthquake effective districts, skill development and efficiency promotion for the increment of production of pashmina and other major exported goods are also included in the prepared program. Similarly, programs on infrastructure development, organising of fairs and subsidies for growth of exportable items under Nepal Trade Integration Strategy also has been formulated for the coming FY. According to Trade and Export Promotion Centre, prepared plan also includes formation of trade portal and one-door custom system.</p>
<p style="text-align:justify">However, capital expenditure from the current budget allocation till the second quarter of current FY is not that encouraging. According to the Ministry, only 57 percent from current and 13 percent from capital expenditure has been spent so far. The overall progress of various development projects under the Ministry is also discouraging. The physical progress of the projects is 63.27 percent and financial progress is 47.36 percent up to the second quarter of the current FY. </p>
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