energyNP.com  
Tel 98400-98555  Email energyNP@hotmail.com
  98510-91900    
Menu

 
 
News  
Back to energy news list >>>
 

 
 
 Air Conditioner
 Battery
 Charger
 Cold Storage Room
 Electric Power Tools
 Electric Water Heater
 Garbage Disposal
 Station
 Generator
 Heat Pump Heater
 Inverter
 Power Supply
 Rectifiers
 Self Priming Pump
 Solar Energy
 Solar Water Heater
 Transformer
 UPS
 Voltage Stabilizer
 Wind Energy
 
  Nepal budget 2021/22: 9 things you should know

Finance Minister Bishnu Paudel on Saturday presented the annual budget plan for the next fiscal year 2021/22. The budget plan, which has a total size of Rs 1.647 trillion, has many ambitious programmes whereas it also repeats some unimplemented programmes from past years.

As the country has been hard hit by the global Covid-19 crisis, the government has allocated big sums of money to the health sector and other sectors that could be significant in helping the country rejuvenate the economy. Likewise, as Prime Minister KP Sharma Oli’s popularity has come down, the government has announced some popular programmes in its bid to regain public support.

Despite the pandemic, the government has targeted achieving economic growth of 6.5 per cent next fiscal year.

Finance Minister Bishnu Paudel announces the annual budget for the fiscal year 2021/22, in Kathmandu, on Saturday, May 29, 2021.

Here are nine key things you should know about the budget plan.

1. Priority over healthcare

- Covid-19 vaccines: Rs 26.75 billion

- Covid-19 control and treatment: Rs 37.53 billion

- Monthly allowance of female community health volunteers: Rs 12,000

- The total budget of the Ministry of Health and Population: Rs 122.77 billion

2. Big budget to education

- Amount-wise, the Ministry of Education has received the biggest chunk of the budget: Rs 180.04 billion

- Monthly salary of early childhood development teacher: Rs 15,000

3. Social security allowances

- Senior citizen allowance: Rs 4,000/month

- 33% rise on all kinds of social security allowances

4. Pork-barrel fund cancelled

- The government cancelled the Local Infrastructure Development Partnership Programme that would allow federal lawmakers to spend budget on the projects they choose and design but reduced its size.

- Whereas a constituency would get Rs 60 million up to last year, the amount had been reduced to Rs 40 million last year.

- Reason: More budget required for Covid-19 response

5. Govt staff salary

- Monthly salary up by Rs 2,000 for everyone

6. Covid-19 relief

- Income tax waiver: From 50 to 90%

- Income tax waiver: For startups for the next five years

- Refinancing: Rs 13 billion

- 100% waiver for electricity consumers consuming only 20 units per month during the lockdown/prohibitory period

- 100% waiver on the drinking water bill for consumers consuming only 20,000 litres per month during the lockdown/prohibitory period

- Licence and renewal fee waiver for sectors such as film, handicraft, aviation, media, advertising, health club, beauty parlour

7. Subsidised loans

- Up to Rs 2.5 million in loan at up to 5% interest rate with academic credentials of the level above bachelors as collateral

- Up to Rs 2.5 million in loan at a 1% interest rate for startups

- Rs 80,000 loan for students to buy a laptop

8. Infrastructure plan highlights

- East-West Highway expansion: Rs 15.34 billion

- Railway development: Rs 10.03 billion

- Kathmandu-Terai fast track: Rs 8.15 billion

- Postal Highway: Rs 6.39 billion

- Airport construction and repair: Rs 20.31 billion

- Water supply: Rs 43.54 billion

- Madan Bhandari Highway: Rs 3.20 billion

9. Some interesting projects and announcements

- The central park, from Narayanhiti to Tripureshwar in Kathmandu (Greater Tundikhel)

- Allocation for the construction of temples at Ayodhyapur, Chitwan

- Priority to electric vehicles: Renewal and road tax waiver for next five years, another plan to replace fossil-fuel vehicles in the next 10 years

- Nepal Police and Armed Police Force personnel’s allowance up by 15%

[29 May, 2021 / onlinekhabar.com]   
 
 
UPS Nepal Kathmandu
 
Voltage Stabilizer Nepal Kathmandu
 
GREE Air Conditioner Residential Nepal Kathmandu
 
Gree Air Purifier Kills Novel Coronavirus Nepal Kathmandu
 
Battery Charger Nepal Kathmandu
 
Solar Water Heater Nepal Kathmandu
 
Electric Water Heater Nepal Kathmandu
 
Complete Power Solution
 
 
 
 
Solar Water Heater Nepal Kathmandu Solar Energy Nepal Kathmandu Wind Power Nepal Kathmandu Power Generator Nepal Kathmandu Voltage Stabilizer Nepal Kathmandu Transformer Nepal Kathmandu AirConditioner Nepal Kathmandu Battery Nepal Kathmandu UPS System Nepal Kathmandu Rectifier Nepal Kathmandu
 
 
Link: The Official Portal of Goverment of Nepal Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow Nepal! Nepal Global Buying SIMONES Industries|Nepal Power Solution
  Nepal Goverment Nepal Electricity Authority Nepal Alternative Energy Promotion Centre Nepal Telecom Nepal Department of Agriculture Nepal Department of Industry wow-Nepal | Nepal Global Buying SIMONES Industries |Nepal Power Solution
 
Fair: Investment Summit Nepal Himalayan Hydro Expo Nepal Kathmandu China International Import Expo China Import and Export Fair China-South Asia Exposition Guangzhou Int’l Refrigeration, Air-Condition, Ventilation, Air-Improving Equipment Exhibition Guangzhou International Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
  Investment Summit Nepal Himalayan Hydro Expo Nepal China International Import Expo China Import and Export Fair China-South Asia Exposition Int'l Refrigeration, Air-Condition Fair Int'l Solar Photovoltaic Exhibition Asia Battery Sourcing Fair
 
Copyright @ 2014 All right reserved. Simones Industries