Kathmandu, Oct. 15
Newly appointed Minister for Finance Bishnu
Prasad Paudel has taken the oath to the office and secrecy on Thursday and
assumed the post the same day.
He started his office with signing the
decision to obtain US$200 million. The money will be used in COVID-19
There is a trend to sign at least one
decision while assuming the public post. This is Paudel's second inning at the
Finance Ministry. He has begun the second term at the ministry when the
coronavirus pandemic has battered the economy and every sector is looking up to
the government in the hope of relief, treatment and development.
The economy is projected to follow the
negative trend in the current fiscal year and would hover below 1 per cent.
Millions have lost their jobs temporarily or permanently due to the business
shrinking and shut down in the wake of the pandemic.
He has a challenge to create more jobs,
opportunity for self-employment, engage returnee migrant workers and keep the
pace of development as desired.
Paudel had served as the Finance Minister
from November 2015 to August 2016 in KP Sharma Oli's first premiership and also
became the Minister for Defence from February 2011 to August 2011 in Jhala Nath
Khanal-led government.
Paudel has also served as the Minister for
Water resources (2008-2009) and Minister for Youth, Sports and Culture (1997).
He is representative at the Federal
Parliament from Rupandehi constituency no. 2.
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