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Budget 2072/73- advice to FINANCE MINISTER

Moderators: बिमलमान, Dilbert.

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Member
Registered: Oct 2013
Posts: 7913
Govt. need to promote assembly industry- electronics, bikes etc. and present in next budget and got to work on law from this year.

Tax free decade for up to 2080 ashad end for such industry. Could save 50 billion worth of foreign currency and could create 10s of thousands of jobs.
Member
Registered: Oct 2013
Posts: 7913
Advice: Regarding foreign trade.

Govt. needs to sigh deal with two or more countries (joint contract) to treat the production, selling of goods, whose part or parts is produced in contracting countries- at least of 25% value/ the country's contribution is at least 25% of the total cost of the finished product---- as their own and give duty free excess in all the countries involved.

In other word, (involvement of two or more country), IF country A contributes 25% value of product X, and country B contributes 35% of the product and Country C contributes 40% value, then all the countries involved A, B and C should treat the product X as their own and should not charge custom duty or other tax that is charged on foreign import.

And, Finished Parts or raw material of the product X should be let move freely in all the countries. As well as after sells service.
Member
Registered: Oct 2013
Posts: 7913
Advice: Let army, police invest in shares for long term basis through next budget.

Educate public about investing in shares for retirement process. Which would reduce the burden of govt. on elderly nepalese.

In US, most of the millionaires became rich not through their regular job, but by investing.
Member
Registered: Oct 2013
Posts: 7913
Advice: Does reserve (20%) BFIs need to maintain, remain in cash or in other forms too. If only in cash, then it would be wise if FINANCE MINISTER use it in national development. Govt. can ask BFIs to buy HYDRO DEVELOPMENT BOND from their reserve, that bond should be considered as reserve too. They should be given right to purchase up to 15% of their reserve.

- Govt. can give them 3.5% interest and lend that money to hydro developers at 4% interest.
- Those projects which has completed 60% of the construction work can apply for such loan to finance remaining 40% project.

- And managing the bond, lending to hydro developer should be managed by NRB's newly formed branch. And to keep an eye on hydro project, if they have completed 60% work, remaining work in progress after getting loan, NRB should have in house hydro experts and NRB should ask, through bidding, private consultants to take part too.

This would create a lot of high paying jobs too.
Member
Registered: Oct 2013
Posts: 7913
If you have any advice to finance minister regarding upcoming budget, please share. :mrgreen:

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