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Nepal Budget Fiscal Year 2018

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Budget Higlights:

1. Loan up to Rs 7 lakhs against academic certificate at 5% interest rate

2. Expansion of health insurance throughout the country

3. Senior citizen ward operation in hospitals to be brought into operation.

4. Nepal to be declared fully literate in 2 years.

5. Lunch to be provided to students upto 5th grade in districts with low living standard.

6. Technical level education in all local levels.

7. Allocation of 1 kharba 34 arba in Science and Technology related education.

8. Availability of air-ambulance in inaccessible places for emergency delivery of pregnant women.

9. Establishment of at least one Old-age home in each province.

10. 1 arba 88 crore 12 lakh budget for welfare of women and children.

11. Health insurance worth upto 1 lakh for senior citizen above 70 years age.

12. Construction of model agricultural farm in all 7 provinces.

13. Loan taken by farmer from Sana Kisan Sahakari to be waived.

14. Digitization of land ownership certificate within 2 years.

15. Buying and selling of land and building only with the approval from government.

16. Citizenship certificate to be provided to poor families from 26 districts. Others within 2 years.

17. Old age allowance remains same.

18. Focus on cleanliness of Sagarmatha and surrounding mountains.

19. Initiatives to be taken to decrease air pollution in kathmandu valley.

20. 16 arba budget allocated for forestry and environment.

21. Allocation of necessary budget for Iron Mining.

22. Establishment of at least one industrial area in each province in collaboration with private sector.

23. Easing the process for registration of businesses.

24. Sale and exhibition center of handicrafts to be established in Kathmandu.

25. Upto 5% export subsidy to industrial products.

26. Fair price shop to be opened at all local level bodies.

27. 10 arba budget for Industry, commerce and supplies.

28. Visit Nepal 2020 to be operationalized.

29. Identification and promotion of 100 tourism destination.

30. Easing local hotels and tourisminfrastructure development.

31. Helipad construction in all local levels.

32. 19 arba budget allocated for Airlines sector.

33. Construction of Ranipokhari and Dharahara in coming 3 years.

34. National cleanliness campaign to be operationalized in coming year.

35. Smart restroom in public places.

36. 10 arba Budget allocated for Bheri, Babbai, Rani, Jamara irrigation

37. 2075/85 to celebrated as the energy decade.

38. Starting 3000 MW project from the investment of general public

39. Electricity regulatory body to be formed

40. 83 arba 89 crore budget allocated for energy sector.

41. Shelters to be provided for slums.

42. Budget seperated for constructing parliament house.

43. Making Bagmati, Bishnumati and Rudramati sewage free.

44. 2 arba 4 crore budget allocated for sports.

45. Business checkpoint in each province.

46. 53 crore budget for road infrastructure in local levels connected to Southern border

47. Tax to be levied upon use of road

48. Feasibility study of Monorail in Kathmandu

49. 5 arba budget for roads

50. Necessary budget to be allocated for earthquake rehabilitation and reconstruction

51. 4 crore for each electoral district

52. Unification of Radio Nepal and Nepal Television

53. Subsidy for Journalist accident insurance

54. Implementation of box office system in Movies and entertainment sector

55. Extending optical fibers in all local levels

56. License and transport registration to be done from respective provinces.

57. 1 arba budget allocated for transport management

58. Bank accounts for all Nepali within one year

59. Digitization of government services within a year

60. Human rights program to be conducted in every household

61. Continuation of Banker to barrack campaign of Nepal army

62. Employee inflation allowance increased by 2000

63. Allowance for employees and teachers’ uniform reached to Rs 10,000

64. No increase in employees salary

65. Education service fee and health service fee waived

66. VAT on alcohol and tobacco related items increased

67. Tax increment on vehicles and motorcycles

68. Can brought upto 100 gram raw gold by people returning from foreign country after applicable charges

69. Income tax holiday for 5 years for small entreprenurial business (SME)

70. Rs 25000 insurance paid can be adjusted for individual tax calculation which was previously Rs 20,000

71. Tax increment on cars above 1000 CC and motorcycle above 150 CC

72. Expected economic growth rate at 8% and inflation at 5%

73. Employement opportunities for 5 lakh Nepali in coming year

74. Paschim Seti to be made through National Investment

75. 750 MW project to be constructed with National Investment

76. Construction of 7 tunnels (Naghdhunga- Naubise, Tokha-Chahare-Gurja Bhanjyang, Khurkot-Chiyabari, Siddhababa

77. Tax ceiling decreased to 10 lakh on land trading which was 30 lakh previously.

78. VAT refund for mobile telephone importer and mnufacturer is withdrawn.

79. Education and health service tax withdrawn.

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