HoR approves proposal to consider Finance Bill, 2083
Summary
The House of Representatives unanimously approved a proposal to consider the Finance Bill, 2083, with Finance Minister Dr Swarnim Wagle highlighting tax exemptions and economic reforms.
Key Points
- The House of Representatives approved the proposal to consider the Finance Bill, 2083.
- Finance Minister Dr Swarnim Wagle assured that tax revenues will be used as intended and explained the consolidated fund system.
- Income tax exemptions will continue for people earning up to 1 million rupees annually, supporting long-term economic growth.
- The government plans market-based reforms and modernization in the electricity sector without reducing welfare programmes for the poor and minorities.
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