Sunday, 1 November, 2020

Paudel begins second innings at Finance Ministry


By A Staff Reporter
Kathmandu, Oct. 16: Newly appointed Minister for Finance Bishnu Prasad Paudel took the oath of office and secrecy on Thursday and assumed post later on the day.
He started his office signing the decision to obtain US$200 million to be used in the fight against COVID-19. There is a trend to sign at least one decision while assuming the public post.
This is Paudel's second innings 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 record negative growth in the current fiscal year. Millions have lost their jobs temporarily or permanently due to shrinking of business 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 under KP Sharma Oli's first premiership and also worked as 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-2.  

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