Confederation of Industries Chairman Pandey: Budget to Give New Direction to Nepal's Economy
Summary
Confederation of Industries Chairman Birendra Raj Pandey states that the new budget aims to revitalize Nepal's economy by boosting private sector morale and reducing business costs through tax reforms.
Key Points
- The budget aims to provide a new direction to Nepal's economy by energizing the private sector.
- Removal of excise duty on 260 goods will reduce business costs, according to Chairman Pandey.
- Amendments to the Income Tax Act and resolution of tax disputes are expected to encourage private investment.
- The budget promotes forest, mining, and nature-based industries to boost manufacturing sectors.
