‘The government is preparing for the formulation and amendment of nearly three dozen new and existing laws.”
Finance Minister Dr Ram Sharan Mahat, explaining that the formulation of new laws and amendment of existing laws is necessary to give continuity to the liberalization policy initiated in the country in the early 1990s.
‘There is the possibility of assembling vehicles in Nepal and exporting them.’
Shambhu Prasad Dahal, Chief Executive Officer of Sipradi Trading, arguing that different types of vehicles can be assembled in Nepal and exported if the assembling cost can be kept low.
‘We need a Tax Clearance Commission.’
Saurav Jyoti, President of Tax and Revenue Committee of FNCCI, arguing that such a commission is needed as there are more than 1000 tax related cases pending at the Tax Review Committee and the Revenue Tribunal.
‘The endorsement of the PDA (Project development agreement) of the Upper Karnali Hydroelectricity Project by the Cabinet is the biggest achievement for Nepal’s hydropower sector after the government opened private investment in this sector in 1990.’
Khadga Bahadur Bisht, President of Independent Power Producers’ Association, Nepal (IPPAN), hailing the endorsement of the PDA by the government and arguing that it proves there is market for large hydropower projects in Nepal.