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Govt presents policies and programs : Double figure economic growth in 5 years

Gorkha Post

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KATHMANDU — The government said it has set a target of graduating the country to the status of middle income within 10 years.

Unveiling annual policies and programs for the upcoming fiscal year at the joint meet of the Federal Parliament on Monday, President Bidya Devi Bhandari mentioned that the government aims to achieve a double figure economic growth in the next five years.

“The government is working to raise the economic growth figures of the nation close to a double figure in the next fiscal, with an aim to gain double figure economic growth in the next five years,” OPresident Bhandari said.

The policies and programmes of the government also mentioned that the per capita income will be doubled in the next five years.

“The development of the provinces and local units and their needs will be prioritized while formulating federal financial and monetary policy and the provinces and local levels will have to formulate their own policies as per the priorities set by the federal government,” said President Bhandari.

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The government also plans to fulfill its aim for long-term development, end inequality, create equal opportunities for all, among others.

Saying that the nation’s economic condition is passing through a difficult phase, the government has announced that it will take necessary measures to resolve the issue.

The policy and programs have also mentioned that the purview of the existing anti-graft laws will be broadened to check corruption even in non-government bodies.

The policy and programs also pledged to formulate laws for the protection of whistle-blowers who tip off the authorities on wrongdoing and irregularities in any sector.

The government also unveiled plans to strengthen the capabilities of the judiciary so that access to justice will be swift, transparent and credible.

The government has also announced that it is to formulate national defense laws and policies and assured strengthening the security system in the country.

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Economy

Rolpa begins hair oil production

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ROLPA— A factory established in Sulichaur, the eastern belt in Rolpa district, has started the production of hair oil through processing of medicinal herbs available in the locality.

Established with the investment of Rs 15 million, a total of 35 people have been employed, proprietor of the industry Tek Bahadur Ghartimagar said.

According to Ghartimagar, the productions of the company are exported to the bigger cities such as Kathmandu, Pokhara, Chitwan and other market areas, as they are not sold in the local market due to higher prices.

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He said that cinnamon, bay leaf (Cinnamomum tamala), Calamus (Acorus Calamus), muskroot and many other locally available herbs are processed to produce the hair oil.

He also said that the local farmers are also encouraged to produce grass and herbs to avert the crisis of the raw materials as the materials produced in community forests and private forests could not meet the demand for raw materials.

Ghartimagar is of the view that the income of the community forests could be increased by doing farming of the medicinal herbs. “It would increase the income of community forests and also ensures sustainability of the industries,” he adds.

Rolpa is considered as a good source of many medicinal herbs where the local residents are making good income from the sale of the products. However, some herbs are yet to be identified despite their high values.

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