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Multi points taxation will be ended soon : FinMin Khatiwada

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SAPTARI — Minister for Finance Dr Yubaraj Khatiwada has reaffirmed that the taxation in multi points would be ended very soon.

Inaugurating the office of the Tax Payers Service at Rajbiraj in the district today, Minister Dr Khatiwada said that the federal government would coordinate with the provincial and local government to end the taxation on wider subjects.

Dr Khatiwada said, “There should be single point tax instead of multi point tax but it will be soon ended and the tax payers could pay tax in a single place.”

He argued that the taxation should be within the parameter of law and stressed on increased the taxation areas as the development of the country was not possible by foreign aid alone.

The Minister stated that there were false rumours doing rounds among the public but it is imperative to develop the local unit and it is also imperative to develop taxpaying habit.

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Minister Khatiwada opined that the public should be aware about the taxation system while the people’s representatives should make the best utilization of the tax paid by their public.

On the occasion, Minister Khatiwada handed over the certificates to those service seekers reaching out to the Office of the Tax Payers Service to receive IPAN number.

The recipients were Amrita Jha, Sunita Dev and Shambhudev Chaudhary.

Similarly, Secretary at the Internal Revenue Sishir Kumar Dhungel shared that the newly inaugurated office was set up in Rajbiraj to render services to the tax payers.

The office of the internal revenue would be set up soon to bring people under the ambit of tax.

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Economy

Govt decides to award Budhi Gandaki Hydel project to Chinese firm again

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KATHMANDU — The government has decided to award contract for the construction of the 1,200-megawatt Budhigandaki hydropower project, a national pride project, to China Gezhouba Group Corporation (CGGC) once again.

A Cabinet meeting on Friday has decided to award the contract for the project to CGGCL reverting the erstwhile Sher Bahadur Deuba government’s decision to develop the 1200MW project with internal resources.

The Cabinet meeting has directed the Energy Ministry to initiate the process to award the project to the Chinese company.

Following the government decision, the Energy Ministry will now invite the Chinese company for talks and prepare a draft of the memorandum of understanding (MoU) before signing it, according to multiple sources at the ministry.

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As per the Cabinet decision, the ministry has been asked to hold talks with the Gezhouba, prepare a proposal, and strike a deal to execute the $2.5 billion reservoir project.

Earlier on May 15, 2017, the Pushpa Kamal Dahal-led government had awarded the contract to construct the Budhigandaki project to CGGCL, juat nine days before he was to resign from the PM’s post.

The Dahal-led government had awarded the contract to CGGCL at a cost of Rs 260 billion as per a study carried out by a French company, Tractebel Engineering.

The agreement, however, invited controversy as the project was handed to the Chinese company without initiating a competitive bidding process.

The Budhi Gandaki hydel project has been touted as a key project to resolve the perennial power crisis in the country. The government has allocated Rs18 billion for compensation payments and operational expenses for this fiscal year.

The Gorkha and Dhading district administration offices are currently distributing compensation to owners of the land taken over by the project.

More than 8,000 households will be affected by the project, according to the latest report.

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