Proposal for economic improvement presented in upper house

A proposal of urgent public importance aims to improve economy has been presented in the National Assembly (NA).

The proposal about formulating short-term, mid-term and long-term policies and plans and implementing them effectively to strengthen economy was presented before the upper house session today.

The document proposed by lawmaker Madan Kumari Shah ( Garima) was backed by Anita Devkota, Khimlal Devkota, Jayanti Devi Rai, Jitendra Narayan Dev, Tul Prasad Bishwakarma, Dil Kumari Rawal Thapa ( Parbati), Pramila Kumari, Dr Bimala Rai Poudyal, Shekhar Kumar Singh and Suresh Kumar Ale Magar.

Floating the proposal before the meeting, Shah said, "Despite changes in political system, there is no substantive change in country's economic and development status. People's life has been adversely affected due to a bad economy." The lawmaker assessing policy corruption and lack of transparency as one of the major problems of the nation added the economic slowdown and negative economic indicators would obviously cause frustrations among the citizens.

Taking part in deliberations over the proposal, Anita Devkota said the status of citizens was not substantively changed amidst political changes and the government should act promptly to improve their positions. "The government is expected to take immediate measures to improve economy."

Another member Khimlal Devkota pointed out structural problems in economy and addressing it by the roots. No government could take serious efforts to discourage imports-based revenue and consumerism-based remittance, he said. "The graph of trade deficit is alarming and the ratio of trade deficit is so high in compared to the gross domestic product."

 During the discussions, lawmakers were view of not assessing the document through the positions of ruling and oppositions. "The issue is the concern of all."

Prior to this, some lawmakers demanded the presence of the Finance Minister during the presentation of the proposal. Lawmakers from the main opposition party protested citing that they would not take part in the deliberations and as a result, the meeting was adjourned for a 14 minute. It was resumed after the Finance Minister appeared in the meeting.