Kathmandu. Finance Minister Dr Swarnim Wagle has made several announcements to ease the daily life of the consumers in the budget presented by Finance Minister Dr. Swarnim Wagle. The government has pledged to reduce tax burdens for consumers, to provide affordable drinking water, health care and road infrastructure. <\/p>\n
Income Tax exemption limit doubled<\/strong><\/span><\/p>\n }<\/p>\n A major change in personal income tax has doubled the limit of income tax exemption to Rs. It has been increased to 10 lakhs. Current fiscal year 2082. This limit is Rs. 83. It was only 5 lakhs. In addition, the maximum rate of personal income tax has been reduced by 10 percentage points. This change will directly benefit middle-class salaries and wage-earners. <\/p>\n 10% discount on VAT on digital payment{<\/strong>{<\/span><\/p>\n }<\/p>\n In order to encourage consumers to make digital payments, it has announced 10% discount on value added (VAT) at the time of invoice issue. Although the government had announced this provision in the past, it has not been implemented. In addition, the VAT refund system will be automated and attractive programs like lotteries will be introduced to encourage the invoice system. <\/p>\n 360 Excise duty on goods<\/strong><\/span><\/p>\n }<\/p>\n The budget has announced the abolition of excise duty on 360 items. This is expected to help reduce the prices of consumer goods. It is also expected that the announcement of reducing the customs rate of 11 levels to seven levels and reducing the customs rate on raw materials is also expected to have a positive impact on consumer prices. <\/p>\n Hundred percent clean drinking water within five years<\/strong><\/span><\/p>\n }<\/p>\n The government has announced to provide safe and clean drinking water services to 65 per cent of the citizens within the next three years and 100 per cent in the next five years. A target has been set to ensure drinking water round the clock in the Kathmandu Valley. For this, Rs. 1000 has been allocated for drinking water and sanitation. Rs 37.17 billion has been allocated. It also includes a declaration to launch arsenic-free Terai Campaign. <\/p>\n {{TAG_OPEN_strong_57}Pediatric Cancer Treatment Free<\/strong><\/span><\/p>\n Arrangements have been made to provide free treatment for cancer in children in government hospitals. Which is a big relief for the parents. In addition, Rs. 1000 has been allocated for poor citizen treatment, motherhood protection program and free medicine program. Rs 13.15 billion has been allocated. <\/p>\n ‘Sulabh Pharmacy’: Affordable Medicine Guarantee<\/strong><\/span><\/p>\n The announcement of ‘accessible pharmacy’ in all health institutions in collaboration with the community, cooperative and private sector is important for the consumers. It also envisages Nepal Drugs Limited to produce at least 25 types of medicines. <\/p>\n Safe Transportation for Women<\/strong><\/span><\/p>\n }<\/p>\n In order to ensure the safe movement of women, it has been announced to operate a modern ‘Blue Bus’ service with CCTV cameras. The Smart Urban Mobility Program with electric public buses, charging stations and smart bus park will be launched in the Kathmandu Valley. <\/p>\n Nutrition allowance for Dalit children doubled<\/strong><\/span><\/p>\n }<\/p>\n The child nutrition allowance provided to Dalit children across the country has been doubled to Rs. 1,000 has been made. The government has also announced to continue the nutrition allowance for children of 25 districts of Madhes, Karnali and Sudurpaschim provinces. <\/p>\n in Social Security Rs. 120 billion<\/strong><\/span><\/p>\n In order to protect against the risks that can occur at different stages of the life cycle, Rs. Rs 120 billion has been allocated. It is also mentioned that a national campaign will be launched to encourage financially capable citizens to voluntarily give up social security allowances. <\/p>\n Government Services in Citizen App<\/strong><\/span><\/p>\n }<\/p>\n Dozens of government services will be added to the Nagarik app and the announcement of the establishment of a fintech marketplace is expected to make it easier for the general public to avail services. <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Kathmandu. Finance Minister Dr Swarnim Wagle has made several announcements to ease the daily life of the consumers in the budget presented by Finance Minister Dr. Swarnim Wagle. The government has pledged to reduce tax burdens for consumers, to provide affordable drinking water, health care and road infrastructure. Income Tax exemption limit doubled } A […]<\/p>\n","protected":false},"author":5,"featured_media":301263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45060,45159],"tags":[],"class_list":["post-301421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/301421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=301421"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/301421\/revisions"}],"predecessor-version":[{"id":301422,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/301421\/revisions\/301422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/301263"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=301421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=301421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=301421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}