Left Menu
Development News Edition

Nepal PM Oli's govt completes 2 years in power, says country on track to prosperity

Nepal PM Oli's govt completes 2 years in power, says country on track to prosperity
Nepal Prime Minister KP Sharma Oli. Image Credit: ANI

Prime Minister KP Sharma Oli said Nepal was moving towards becoming a prosperous and happy country with improved economic indicators and a slew of development works, on the occasion of his Nepal Communist Party government completing two years in power on Saturday. Addressing the Nepal Parliament, Oli said his government had delivered on fast economic progress and maintenance of law and order, and reducing poverty.

Over the past two years, the country has recorded 6.5 percent economic growth, which is 4 percent more than the previous decade's growth, the prime minister said. In the same period, per capita income had increased by 18 percent and poverty reduced by 1.5 percent, he said.

The Nepal Communist Party's two-year anniversary in power has brought stability to the country's politics, where in the last decade no government had completed even one year of being in power. Oli told the Parliament that the percentage of people below the poverty line had come down to 16.5 and the government was slowly realizing its slogan 'prosperous Nepal and happy Nepali'.

Exports increased by 26 percent, imports decreased by 4 percent and the trade deficit reduced by 6.1 percent over the past two years, he said. Enlisting other achievements, Oli said in the past two years 3,74,000 private houses had been built which were destroyed in the 2015 earthquake.

Over 2,600 school buildings and 300 government buildings and 325 archaeological structures were reconstructed in the same period, he said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

How can technology help the future of mobility?

More than a billion people or one-third of the global rural population lacked access to all-season roads and transport services in 2016, subsequently hindering the socio-economic development....


Latest News

Golf-McIlroy rules out playing in Premier Golf League

World number one Rory McIlroy has distanced himself from the prospect of taking part in the Premier Golf League PGL as he prefers to have autonomy over his career choices. The British-based World Golf Group last month unveiled plans for a n...

2 BJP MLAs ''reaches out'' to HDK, Lingayat sect legislators

Amid speculations of factionalism in ruling BJP after recent meeting of senior MLAs upset overnot being inducted into the B S Yediyurappa ministry, more such activities surfaced with another group discussing cabinetrespresentation and a cou...

Govt sets up panel for policy advice on latest technologies

The Cabinet on Wednesday approved the constitution of a 12-member empowered Technology Group to render timely policy advice to the government. The panel, which will be headed by Principal Scientific Adviser to the government K Vijay Raghvan...

Republic Media Network counters misleading reports about ownership of consolidated network

Republic Media Network on Wednesday countered the misleading reports by making public the shareholding of its promoter. In a statement, the Republic Media Network said that it has taken note of a series of misleading reports in Indian and i...

Give Feedback