CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

‘PIDP fund will not find its way into the pockets of lawmakers’

CEO Tab by CEO Tab
June 13, 2023
in Prime News
0
“Budget priorities increase in capital expenditures”
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Finance Minister Dr Prakash Sharan Mahat has defended the controversial Parliamentary Infrastructure Development Program (PIDP), previously known as the Constituency Development Program, claiming that the amount will not find its way into the pockets of lawmakers. 

You might also like

Gold and Silver Prices Decline in Nepal on Monday

Oil Prices Surge After Hormuz Strait Disruption Amid Escalating Middle East Conflict

Government Temporarily Halts Mandatory Licensed Company Requirement for High-Value Property Deals

While addressing the queries raised by lawmakers in the House of Representatives (HoR) meeting on Monday, Finance Minister Dr Mahat assured that the funds allocated for the PIDP would not be misused. He revealed that a budget of Rs 50 million has been assigned to each constituency for the program.

“This amount of PIDP will not find its way into the pockets of lawmakers. Instead, it will be utilized for a maximum of five schemes, as recommended by the parliamentarians. The relevant ministry will oversee the process of awarding contracts to ensure transparency and accountability,” said Finance Minister Dr Mahat. 

Dr Mahat also highlighted the importance of parliamentarians making recommendations in a bid to clarify any misunderstanding. He emphasized that the people’s expectations are high and they view their elected representatives not only as lawmakers but also as individuals who can address their development concerns effectively. Thus, making recommendations becomes crucial and justified in order to meet these expectations, he said.

Dr Mahat further emphasized that the PIDP does not discriminate between proportional, direct, and National Assembly members. All parliamentarians will collaborate to recommend plans and ensure equal opportunities for development across all constituencies.

Regarding unutilized funds, Dr Mahat stated that if a parliamentarian from any constituency chooses not to utilize the allocated budget, the funds will be reallocated for capital expenditure to ensure efficient utilization of resources. Minister Mahat also reiterated the government’s commitment to promote transparency, fairness, and effective utilization of resources under the PIDP.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Gold and Silver Prices Decline in Nepal on Monday

by CEO Tab
March 9, 2026
0
NRB sells gold and silver coins for upcoming Tihar

Gold and silver prices fell in the Nepali market on Monday compared to the previous day. According to the Federation of Nepal Gold and Silver Dealers’ Association, the...

Read more

Oil Prices Surge After Hormuz Strait Disruption Amid Escalating Middle East Conflict

by CEO Tab
March 9, 2026
0
Petroleum drilling faces snag as machine snaps against hard rock

Global oil prices have surged sharply after the intensifying conflict in the Middle East caused a complete disruption in the Strait of Hormuz, one of the world’s most...

Read more

Government Temporarily Halts Mandatory Licensed Company Requirement for High-Value Property Deals

by CEO Tab
March 9, 2026
0
Real Estate Transactions in Nepal Plummet Further After Gen Z Movement

The government has temporarily suspended the rule requiring property transactions exceeding Rs 30 million to be conducted through licensed companies in metropolitan and sub-metropolitan areas. The Department of...

Read more

Nepal Sees Slight Drop in Food Imports as Government Revenue Declines

by CEO Tab
March 9, 2026
0
‘No shortage of food grains during rainy season’

Nepal recorded a modest decline in food imports during the first seven months of the current fiscal year (FY) 2025/26, according to data released by the Department of...

Read more

Gold and Silver Prices Increase Today

by CEO Tab
March 1, 2026
0
NRB sells gold and silver coins for upcoming Tihar

The price of gold and silver has increased today. The price of gold rose by NPR 5,600 per tola. According to the Federation of Nepal Gold and Silver...

Read more
Next Post
Himalaya Airlines awarded ISO 9001:2015 QMS certification

Himalaya Airlines to resume Kathmandu-Beijing flights

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.