Tuesday Mar 5, 2024
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Socialism oriented economy could be achieved: President

2022 Jul 13, 6:20, Kathmandu

President Bidya Devi Bhandari viewed that the country could not pursue a socialist-oriented economy as enshrined in the Constitution until a self-sufficient economy accompanied by the replacement of imports.

For this, first priority would be to modernise and commercialise agriculture through the use of available resources in the country, suggested the President while addressing an event organised here on Tuesday by the Ministry of Culture, Tourism and Civil Aviation to distribute the 'Pushpa Lal National Award, 2020/21'.

Similarly, job opportunities should be created through the expansion of industries using domestic raw materials and production be increased, the President added.

"Political-economic system of any country is based on a certain theoretical concept. The Constitution has also aimed to establish socialist-oriented governance system along with an independent national economy while getting economic growth through the maximum use of available resources through the public-private partnership".

Stating that role of Pushpa Lal Shrestha in the country's democratic and communist movements was always memorable, the President wished that each generation could be inspired by him.


President Bidya Devi Bhandari Ministry of Culture Tourism and Civil Aviation Pushpa Lal National Award economic growth socialist-oriented economy Latest news of Nepal nepal NepalNews
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