BIRATNAGAR/POKHARA/BIRGUNJ/NEPALGUNJ: The budget for the new fiscal year presented by Finance Minister Ram Sharan Mahat at the Legislature Parliament in the Capital today has drawn mixed reactions from industrialists and entrepreneurs in mofussil.
Entrepreneurs and traders in the east welcomed the budget saying it was positive for the private sector. “The budget is investment-friendly thus encouraging to the private sector,” Morang Business Organisations’ former Chairman Avinash Bohara said. According to Bohara, the government has announced positive programmes and policies on agriculture, animal husbandry, industry, import-export, and investment.
Another entrepreneur Mahesh Jaju said that discount on textile and tea industry and discount on investment of up to Rs 1 billion would attract investors. He, however, cautioned that the economic growth target rate of 5.5 per cent would be a huge challenge for the government.
Ex-chairman of Morang Business Organisation Dinesh Golchha said the budget had addressed the private sector and if the programmes were implemented, they could bring a change in the country’s economy.
Pokhara Chapter of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chairman Sanjiv Bahadur Koirala said that inclusion of sinkholes at Armala and construction of regional international airport in Pokhara were positive sides in the budget.
Likewise, Trekking Agencies Association of Nepal(TAAN) western regional association’s acting chairman Ram Chandra Sharma said the tourism sector could not get the budget as expected. “The budget could not bring a concrete programme for tourism development,” Sharma said. He, however, hailed the budget for its inclusion of land acquisition for regional international airport in Pokahra and water fountain in Phewa Lake. “In aggregate, budget is positive but everything depends on its implementation,” Sharma added.
Birgunj Chapter of Federation of Nepalese chambers of Commerce and Industry (FNCCI) Chairman Ashok Baidhya termed the budget positive for giving priority to public-private partnership. He, however, expressed displeasure on the minimal budgetary allocation for infrastructure development.
Bijay Sarabagi, executive member of FNCCI, vented his discontent over the budget’s silence on property. Parsa Gold and Silver Association Chairman Munna Saraf vented ire at the budget for not bringing any policy to ban illegal transaction of the gold. “This is not good news for the economy,” Saraf added.
Meanwhile, most of the entrepreneurs from Prime Minister Sushil Koirala’s homeland Nepalgunj reacted saying the budget was not satisfactory. Nepalgunj chapter of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) General Secretary Bishnu Lamichhane said that in totality the budget was not satisfactory. “As the Prime Minister’s district, we had anticipated a lot, but we got nothing,” Lamicchane said, adding, “Despite being liberal with regard to agriculture, the new budget failed to encourage other sectors.”
Industrialist Sanjay Agrawal said that for traders and investors, the budget was disappointing. “In spite of a lot of hullabaloo, no new and encouraging programmes were incorporated,” Agrawal added.
source: the himalayan times,14 july 2014
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Entrepreneurs and traders in the east welcomed the budget saying it was positive for the private sector. “The budget is investment-friendly thus encouraging to the private sector,” Morang Business Organisations’ former Chairman Avinash Bohara said. According to Bohara, the government has announced positive programmes and policies on agriculture, animal husbandry, industry, import-export, and investment.
Another entrepreneur Mahesh Jaju said that discount on textile and tea industry and discount on investment of up to Rs 1 billion would attract investors. He, however, cautioned that the economic growth target rate of 5.5 per cent would be a huge challenge for the government.
Ex-chairman of Morang Business Organisation Dinesh Golchha said the budget had addressed the private sector and if the programmes were implemented, they could bring a change in the country’s economy.
Pokhara Chapter of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Chairman Sanjiv Bahadur Koirala said that inclusion of sinkholes at Armala and construction of regional international airport in Pokhara were positive sides in the budget.
Likewise, Trekking Agencies Association of Nepal(TAAN) western regional association’s acting chairman Ram Chandra Sharma said the tourism sector could not get the budget as expected. “The budget could not bring a concrete programme for tourism development,” Sharma said. He, however, hailed the budget for its inclusion of land acquisition for regional international airport in Pokahra and water fountain in Phewa Lake. “In aggregate, budget is positive but everything depends on its implementation,” Sharma added.
Birgunj Chapter of Federation of Nepalese chambers of Commerce and Industry (FNCCI) Chairman Ashok Baidhya termed the budget positive for giving priority to public-private partnership. He, however, expressed displeasure on the minimal budgetary allocation for infrastructure development.
Bijay Sarabagi, executive member of FNCCI, vented his discontent over the budget’s silence on property. Parsa Gold and Silver Association Chairman Munna Saraf vented ire at the budget for not bringing any policy to ban illegal transaction of the gold. “This is not good news for the economy,” Saraf added.
Meanwhile, most of the entrepreneurs from Prime Minister Sushil Koirala’s homeland Nepalgunj reacted saying the budget was not satisfactory. Nepalgunj chapter of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) General Secretary Bishnu Lamichhane said that in totality the budget was not satisfactory. “As the Prime Minister’s district, we had anticipated a lot, but we got nothing,” Lamicchane said, adding, “Despite being liberal with regard to agriculture, the new budget failed to encourage other sectors.”
Industrialist Sanjay Agrawal said that for traders and investors, the budget was disappointing. “In spite of a lot of hullabaloo, no new and encouraging programmes were incorporated,” Agrawal added.
source: the himalayan times,14 july 2014
LINK
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