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

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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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US to provide 4 Sky Trucks to Nepal Army

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KATHMANDU — The government of the United States is providing four Sky Trucks, light cargo and passenger aircraft, to the Nepal Army for rescue and disaster response efforts.

Two of the four Sky Trucks that will arrive in Kathmandu by 2020. Those two aircrafts will be newly manufactured while the rest will be refurbished aircraft.

The Army is running short of aircraft, with just around a dozen of heavy, medium, and light transport helicopters comprising its fleet.

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According to the US Embassy in Nepal, the value of the four aircraft is $35.5 million.

The US government had pledged the aid during an outgoing Chief of Army Staff Rajendra Chhetri’s visit to the United States in April 2016. The US government, during Chhetri’s visit to the US, had pledged to provide Nepal Army with four aircraft within two years.

During his farewell speech on August 8, Chhetri highlighted the US support as one of the significant achievements of his tenure.

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