Govt unveils IAP for Economic Development and Prosperity

Govt unveils IAP for Economic Development and Prosperity

The government on Thursday unveiled Immediate Action Plan for Economic Development and Prosperity, saying that it will help achieve higher growth, create jobs and establish social justice.

However, except for promising tax incentives to agriculture, tourism and private investors in the upcoming Investment Year 2012/13, the Immediate Action Plan (IAP) contains few new initiatives. “It has largely repackaged the already existing programs using new terminologies,” commented a government secretary.

For instance, the IAP categorizes 11 large-scale projects as Projects of National Pride and promises uninterrupted fund availability for them. “We will also create an environment whereby locals, workers and project staff will not strike under any pretext to ensure their smooth implementation,” said Prime Minister Baburam Bhattarai, who unveiled the IAP amid a function Thursday.

Interestingly, 9 out of 11 projects were already labeled as National Priority Projects and governments in the past as well as present had pledged similar support for them.

The two new projects in this list, however, are Budhi Gandaki Hydropower Project and development of North-South Highways in the Koshi, Gandaki and Karnali regions. “We will develop the detailed project report (DPR) of Budhi Gandaki within a year,” said Bhattarai.

Under the new programs, the government has adopted an ambitious target of attracting US$ 1 billion worth of foreign investment in the country in the remaining six months of this fiscal. It has also committed to felicitate all investors who invest Rs 2 billion in the country. Continue reading

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Qatar Airways Flight To Budapest Celebrates First Anniversary

Qatar Airways Flight To Budapest Celebrates First Anniversary

“One year, 241 flights and five stars. These are the numbers that can be used to describe the Budapest-Doha flight launched by “the world’s five-star airline” exactly one year ago. The new long haul flight not only links the nations of the Persian Gulf with Central Europe, but also reduces travel time from Budapest to India, China, Southeast Asia and the Pacific region by about five hours.

There is no better indication regarding the popularity of the flight than the fact that since 14 September 2011, Qatar Airways has been commuting between Doha and Budapest on a daily basis and directly, without the stopover in Bucharest. The Airbus A 320 aircraft of “the world’s five-star airline” make the journey between the Hungarian and the Qatari capital in five hours.  Continue reading

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RAK Airways launches 11th route with Kathmandu service

Starting on February 15, RAK Airways will operate three flights a week to Kathmandu

Dubai: RAK Airways said on Tuesday that it has expanded its route network to 11 destinations with the introduction of flights to Kathmandu, Nepal.

Starting on February 15, RAK Airways will operate three flights a week to Kathmandu, the carrier stated.

“Kathmandu is a destination that appeals to both leisure and business travellers. The tourism industry is key focus for the Nepalese government. Last year’s dedicated tourism campaign increased visitor numbers to the country by approximately 20 per cent.” RAK Airways CEO, Omar Jahameh, said in a statement.

The Ras Al Khaimah based carrier, which relaunched operations in 2010, stated that one-way, all-inclusive fares to Kathmandu start at Dh499, while return fares start from Dh899.

Source: gulfnews.com 
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