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Govt to provide health insurance to all Nepali within 3 years

Gorkha Post

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KATHMANDU —The government has announced to provide health insurance to all Nepali within next three yeasr.

Presenting the budget for the fiscal year 2016/17 at the Legislative-Parliament on Saturday, the government said that it will implement ‘National Health Insurance Scheme’ in a phase-wise method which targets to provide health insurance facility to every Nepali citizen within next three years.

Although the government has not finalised the procedures and detail work plans, it has allocated a budget of Rs 2.5 billion for the upcoming fiscal year to implement the scheme.

Presenting the annual budget of Rs 1.05 trillion on Saturday, Finance Minister Bishnu Paudel said that the scheme will be expanded in the 25 districts in the upcoming fiscal year 2016/17. But he didn’t clarify which district will get the health insurance scheme in the first stage.

Minister Paudel told the parliament that the scheme was aimed to forever end the situation whereby any citizen has to be deprived of medical treatment in the lack of money.

Though the insurance companies in Nepal provide health insurance services, people rarely insure themselves against the risk of incurring medical expenses.

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Economy

NPC urges government to seek clarification from Chinese firm

Gorkha Post

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KATHMANDU — The National Planning Commission (NPC) has urged the government to seek clarification from China Three Gorges International Corporation (CTGC) over the construction of the Paschim (West) Seti Hydro Power Project.

The meeting of the NPC that began on Sunday, made the decision of seeking clarification from the company with a time period of 90 days regarding the construction of 750 MW hydropower project.

The hydropower project, which is expected to be completed in an investment of 1.60 billion rupees, will have 65 percent investments from the CTGC, 25 percent from the National Electricity Authority (NEA) and the 10 percent investments from the locals as share, as per the plans made before.

CTGC can sell off its 14 percent of its total 65 percent share to the Nepali investors. But the CTGC has been showing dissatisfaction over the rate of purchasing the electricity per unit (PPA). Previously it had asked the NEA to review the rate but got a negative response.

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“We have suggested the government to interrogate the company whether it will be able to complete the project or not. What has been the problem to expedite the construction along with the terms and conditions which the company wants to put forward,” NPC Vice President Swarnim Wagle said.

The CGTC, which has been delaying the construction over its dissatisfaction over the PPA, has been threatening to walk out of the construction.

The project, which covers the area of Doti, Dadeldhura, Baitadi, and Bajhang districts of Far Western Development Region of Nepal, can produce 3.33 billion units of electricity on yearly basis, accoridng to the probability study of the project.

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