Nepal | August 05, 2020

NDC meeting to finalise concept paper of 15th periodic plan

Himalayan News Service
Share Now:

Kathmandu, April 2

The first meeting of the National Development Council (NDC) after the country adopted the federal system of governance will be held on Wednesday and Thursday. The meeting is expected to finalise the concept paper of the 15th five-year plan (fiscal years 2019-20 to 2023-24) prepared by the National Planning Commission (NPC).

Min Bahadur Shahi, member of the NPC — the apex body responsible for formulating the country’s development vision — informed that the meeting will finalise the concept paper of the 15th five-year plan.

Speaking at a programme in the Capital today, he informed that the NDC meeting will also hold discussions on the draft 25-year development concept paper prepared by NPC. “The meeting will adopt policies and strategies that will help the country march forward towards development.”

According to Shahi, the five-year periodic plan has addressed the government’s vision of ‘Prosperous Nepal, Happy Nepali’. He informed that NPC had taken inputs for the draft of the 15th five-year periodic plan from concerned stakeholders.

Pushpa Raj Kandel, vice chairman of NPC, said that the meeting will discuss on and incorporate necessary suggestions in the 15th five-year plan and forward it to the Cabinet for its approval. “We will prepare the final document before April 20 and forward it to the Cabinet for approval.”

Earlier, NPC had set a target to achieve a minimum average economic growth of 9.4 per cent per annum in the next five years. However, the economy can grow up to 10.1 per cent per annum in the next five years based on different scenarios, as per the draft.

The government had last introduced a five-year periodic plan in 2001, which lasted till 2006. Since then the government had introduced only three-year periodic plans on four occasions.

Meanwhile, the draft of the periodic plan envisions that the country’s agriculture sector can witness average growth of 5.6 per cent per annum in next five years while the industrial sector can witness average growth of 17.1 per cent per annum.

Likewise, the services sector is expected to witness 9.9 per cent growth per annum in between fiscal years 2019-20 and 2023-24.

“The key issues brought forth by the participants were about the role of provincial and local governments in the federal context,” Kandel added.

He further said investment needs to be increased in education sector and any development activity has to be inclusive.

Kandel added the development plan needs to be aligned with the Sustainable Development Goals and the global aim of ‘Leaving No One Behind’.

Moreover, the government needs to focus on effective implementation of laws, assess risks and challenges in achieving the developmental plans, and address the issue of migration, among others, he stated.

A version of this article appears in print on January 01, 1970 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Status of Province 1 forests improving

The House panel listed positive effects of proper forest management Biratnagar, August 3 The implementation of scientific forest management programme has led to improvement in the status of forests in eastern Nepal. Increase in revenue collection, replacement of timber import, gradual increas Read More...

Sushil Bhatta appointed IBN CEO

KATHMANDU: Sushil Bhatta, a member of the National Planning Commission, has been appointed as the chief executive officer of Investment Board Nepal (IBN). The Cabinet meeting on Monday decided to appoint Bhatta to IBN’s top post which was vacant since then CEO Maha Prasad Adhikari was appointed Read More...

Pakistan must hit the ground running against England: Misbah

Pakistan will have to hit the ground running if they are to have any chance against England in their three-test series which starts on Wednesday, coach Misbah-ul-Haq said. Six months since their last test match, Pakistan go into the games at bio-secure venues in Manchester and Southampton aga Read More...

PM in talks with experts, opposition leaders on whether to impose another lockdown

KATHMANDU: Prime Minister KP Sharma Oli has started a discussion with public health experts and leaders of the opposition to decide whether or not to impose a second round of lockdown, and possible steps ahead. With the cases of coronavirus infection surging across the nation and inside Kathm Read More...

MoHP lists swab collection centres in Kathmandu; urges public to follow safety guidelines

KATHMANDU: The Ministry of Health and Population on Tuesday announced 14 swab collection centres to facilitate extensive testing of coronavirus infection in Kathmandu valley at a time when new cases have been on the rise. MoHP has urged the public to visit the swab collection centres from 9:00 am Read More...

Gai Jatra: Festival that honours the memory of those departed

KATHMANDU: Gai Jatra, literally translated to the festival of cows, is observed by bereaved families by taking out procession in memory of the ones they have lost. People, especially children, walk in different costumes, and the processions are also accompanied by traditional bands. Gai Jatra is Read More...

A woman carrying an umbrella crosses a flooded street as it rains in Mumbai

Heavy rain batters India's Mumbai disrupting rail and road traffic

MUMBAI: Authorities in the Indian city of Mumbai issued a red alert on Tuesday and warned people not to venture out after heavy overnight rain in the financial hub brought flooding and travel chaos. Some suburbs have seen more than 300 mm of rain in the 24 hours to Tuesday morning and more heavy Read More...