Government to hike civil servants salary
KATHMANDU:
Good news for the civil servants ! “The government is planning to hike salary of civil servants in the budget for the fiscal year 2011-12,” according to senior advisor of the Ministry of Finance.
Ministry of Finance is working on the percentage of hike that will address current price hike,” he said, adding that the ministry is working on it.
Similarly, the government is also giving priority to welfare of workers to improve productivity of the industrial sector, he added. “Budget is giving high priority to the social security of workers to enhance their productivity like unemployment allowance, accident insurance and other welfare activities to workers.”
Speaking at the Reporters’ Club here today Acharya hoped that the social security plan will help reduce labour disputes in industrial sector.
The budget for the next fiscal year has also given emphasis on large infrastructure projects that will help long-term development goal, he said, adding that the budget will help establish basic infrastructure for energy corporation, solar energy promotion and development of reservoir-type large hydropower projects.
The government has envisioned a concept of People’ hydropower by giving 50 per cent to 80 per cent subsidies to encourage investment on small hydropower projects at the local level .”The government expects to add around 100 MW from small hydropower projects in next three years,” Acharya said.
The government has planned to establish energy corporation with support from World Bank, International Monetary Fund and private sectors, he said.
“The government will, at the same time, promote alternative energy and is planning to install solar power plants in the government buildings, hospitals, and street lamps.”
As the budget has prioritised agriculture, it will encourage cooperative farming and commercialisation of agriculture sector, he said, adding that corporate sector investment in agriculture will also get benefit from the budget. “Boosting agriculture productivity might reduce trade deficit too.”
Acharya was of the view that the current liquidity tight situation has arrived due to regular delayed budget in last three years and low development expenditure. The government is bringing some measures to boost financial and capital market confidence and also to ease liquidity situation, Acharya said, adding that introduction of Know Your Clients (KYC) under Anti-Money Laundering and capital gain tax are also behind tight liquidity situation. The budget will solve these problems, he added.
However, Prof Dr Bishwambher Pyakurel doubted on the government capacity to spent development expenditure. “Unless all the political parties unite, it impossible to spend development expenses,” he said, adding that huge budget is not a solution to economy but will encourage price hike.
Similarly, former governor of central bank Dipendra Bahadur Chhetry criticising the government’s Policy showed concern on expansionary budget. “The government has lost people’s confidence, he said, adding that there is further chance of expanding the budget ceiling of Rs 381 billion that is prescribed by National Planning Commission.
Another economist Dr Chiranjivi Nepal said that the government Policy lacked focus on priority. “The government could not be specific,” he said, adding that it will be difficult to achieve economic development. “The budget should focus on agriculture, controlling price hike, energy, industries and tourism sector,” Nepal added.
Economist and former secretary Dr Bhola Chalise said that the current financial crisis is the result of political instability. “Financial situation will not improve unless there is political stability,” he said, suggesting the government to bring politically unbiased projects for development.
Source: THT
Good news for the civil servants ! “The government is planning to hike salary of civil servants in the budget for the fiscal year 2011-12,” according to senior advisor of the Ministry of Finance.
Ministry of Finance is working on the percentage of hike that will address current price hike,” he said, adding that the ministry is working on it.
Similarly, the government is also giving priority to welfare of workers to improve productivity of the industrial sector, he added. “Budget is giving high priority to the social security of workers to enhance their productivity like unemployment allowance, accident insurance and other welfare activities to workers.”
Speaking at the Reporters’ Club here today Acharya hoped that the social security plan will help reduce labour disputes in industrial sector.
The budget for the next fiscal year has also given emphasis on large infrastructure projects that will help long-term development goal, he said, adding that the budget will help establish basic infrastructure for energy corporation, solar energy promotion and development of reservoir-type large hydropower projects.
The government has envisioned a concept of People’ hydropower by giving 50 per cent to 80 per cent subsidies to encourage investment on small hydropower projects at the local level .”The government expects to add around 100 MW from small hydropower projects in next three years,” Acharya said.
The government has planned to establish energy corporation with support from World Bank, International Monetary Fund and private sectors, he said.
“The government will, at the same time, promote alternative energy and is planning to install solar power plants in the government buildings, hospitals, and street lamps.”
As the budget has prioritised agriculture, it will encourage cooperative farming and commercialisation of agriculture sector, he said, adding that corporate sector investment in agriculture will also get benefit from the budget. “Boosting agriculture productivity might reduce trade deficit too.”
Acharya was of the view that the current liquidity tight situation has arrived due to regular delayed budget in last three years and low development expenditure. The government is bringing some measures to boost financial and capital market confidence and also to ease liquidity situation, Acharya said, adding that introduction of Know Your Clients (KYC) under Anti-Money Laundering and capital gain tax are also behind tight liquidity situation. The budget will solve these problems, he added.
However, Prof Dr Bishwambher Pyakurel doubted on the government capacity to spent development expenditure. “Unless all the political parties unite, it impossible to spend development expenses,” he said, adding that huge budget is not a solution to economy but will encourage price hike.
Similarly, former governor of central bank Dipendra Bahadur Chhetry criticising the government’s Policy showed concern on expansionary budget. “The government has lost people’s confidence, he said, adding that there is further chance of expanding the budget ceiling of Rs 381 billion that is prescribed by National Planning Commission.
Another economist Dr Chiranjivi Nepal said that the government Policy lacked focus on priority. “The government could not be specific,” he said, adding that it will be difficult to achieve economic development. “The budget should focus on agriculture, controlling price hike, energy, industries and tourism sector,” Nepal added.
Economist and former secretary Dr Bhola Chalise said that the current financial crisis is the result of political instability. “Financial situation will not improve unless there is political stability,” he said, suggesting the government to bring politically unbiased projects for development.
Source: THT
