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Govt presents annual budget of Rs 1.05 trillion

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KATHMANDU — Finance Minister BIshnu Paudel on Saturday presented the annual budget of Rs 1.048 trillion for the fiscal year 2016/17.

Presenting the budget, Minister Poudel said government had implementation of the constitution, acceleration of development works and reduction of poverty through this budget.

Earlier, the budget was endorsed by a Cabinet meet and Poudel said the budget was prepared after consultation with former finance ministers and various stakeholders.

Government has allocated Rs 140 billion for post-quake reconstruction and rehabilitation works.

Earthquake-affected families will also receive additional Rs 300k each.

Likewise, the government will also provide martyrs status to those who lost their lives during the Madhes movement and also provide compensation to their families.

The government has increased the salary of civil servants by 25 percent while social security allowance and allowances provided to disabled, single woman and endangered communities have also been doubled.

The government has adopted the policy to produce electricity by levying five percent tax on petroleum products.

Rs 4.2 billion allocated for Postal Highway, Rs 5.33 billion for Budhi Gandaki Hydel project,  Rs 10 billion for fast track project, Rs 2.88 billion for mid-Hill highway and Rs 1.86 billion for Kathmandu-Nagdhunga tunnel.

Similarly, Rs 90 million will also be provided to each district headquarters and 10 cities will be developed as smart cities, the budget announced.

The grant for ‘Build your own village’ programme has been doubled to Rs 15.55 billion while the grant for municipalities has also been doubled.

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2 injured as bomb goes off at Ward Chair’s house

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DAMAK — An unidentified group detonated a bomb at the house of Bhim Poudel, a Ward Chairperson of the Damak Municipality Ward Number 7, last night, injuring two people including a woman.

The injured were hit by shrapnel due to the explosion. The explosion has also caused minor damages to the house which is located some 500 metres to the east of the Area Police Office, Damak.

It was a powerful explosion and it is not known who carried it out, police said.

Those injured in the incident are Semu Rai and Tilochan Pokhrel who had come to visit their relatives at the house next to Poudel’s house.

Both them who have been wounded in the hands and legs are being treated at the Lifeline Hospital in Damak. Rai is a staff at the same hospital.

Police has started an investigation into the case. Meanwhile, the Nepal Communist Party led by Netra Bikram Chand (Biplav) has today issued a press release saying those playing main role in evicting the landless squatters in the disputed market area in Damak. It had specifically named Wrad Chair Poudel and Mayor Romnath Oli.

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