100 days of government: Commitment of Rs 34 billion investment in 200 industries

KATHMANDU: Commitment of around Rs 34 billion investment in 200 industries has been secured in the first 100 days of the formation of the incumbent government.

In an address to the nation to share the government’s achievements in its 100 days on Wednesday, Prime Minister KP Sharma Oli said there are signs of improvement in the country’s economy.

The Head of the government shared that formation of commissions like high-level commission to suggest economic reforms as per the demand of the private sector boosted self-confidence among the entrepreneurs. “The task of Nepal’s Sovereign Credit Rating from an international independent expert organization reached the final stage”, he informed.

An agreement was reached between Nepal Oil Corporation and Indian Oil Corporation to forward activities for the expansion of pipeline from Siliguri of India to Charali of Jhapa and Amalekhjung to Lothar of Chitwan and construction of terminal building for easy supply of petroleum products and increase storage capacity, the PM explained.

He added that Nepal Accreditation Centre has been brought into operation to ensure the quality of goods, service and process.

PM Oli shared that federal government expenditure increased till October 16 of the current fiscal year as compared to the corresponding period of previous fiscal year, thereby reaching around Rs 329 billion. Total revenue mobilisation reached around Rs 248 billion with the increase by 13.3 percent.