Revival of economy remains government priority
The ruling parties have announced to apply all possible measures for the nation's economic development and prosperity by keeping the agenda of safeguarding citizen's life in the first and foremost priority.
The common minimum programme of the government released on Sunday has laid emphasis on a production-based economy, reform in the supply chain, control in excessive price hikes of commodities, and investigations into the alleged corruption cases.
The document includes ensuring an economic relief package to the community badly affected by COVID-19 and other businesses that have witnessed huge losses owing to the ongoing pandemic.
Similarly, a partnership between government, cooperative and private sector is prioritised to run construction works and entire economic activities.
Likewise, all the bills related to economic areas that are under consideration would be passed within three months and a conducive environment would be developed for investment.
The common minimum programme has also incorporated the policy of development of human resources and physical infrastructure from all three-tier governments as stated in the index of the constitution for the distribution of means and resources as per the norms of fiscal federalism.
Likewise, the ruling alliance has put the issues including guarantee of supply of chemical fertilizer, resolving problems of sugarcane farmers, guaranteeing the purchase determining the market price of agriculture products and carrying out activities in order to be self-dependent in daily essentials in the priority.
The common minimum programme has incorporated the issues including initiating the remaining construction task of four-lane road along the east-west highway, eight-lane road expansion of ring-road in the Kathmandu Valley at the earliest and construction of north-south corridor and trade route.
The government has set a target to reduce the trade deficit laying emphasis on the development of export-oriented industries.
The feasibility study would be carried out for the construction of a high-tech city in the middle part of the country. The CMP has laid emphasis on the development of banks and financial institutions through reform in fiscal and monetary policies, waiving off the interest of sick industries and arrangement of industrial security. Likewise, the ruling alliance has given special attention to make the public enterprises professional, competitive and effective by improving their management.
