Discover all of the connected ICT, Telecom Sector strategies and strategies stated in the government’s budget statement for the fiscal year 2078/79.
Mr. Bishnu Prasad Poudel, Finance Minister, announced numerous plans and programs from Singh Durbar today. Like every year, the Nepalese government has included numerous ICT and telecom sector policies for IT growth in the upcoming fiscal year 78/79.
To make things easier, we’ve divided the list into two sections: ICT and Telecom. Keep up to date with the following key IT announcements:
Sector of ICT
The budget address stressed graduate loans, telemedicine, and laptops in ICT. The emphasis continues to be on young empowerment via electronic methods, as well as provisions to improve agriculture in Nepal.
Tele-Medicine Health Services
The Nepalese government has taken the lead in providing health care through telemedicine. This indicates that the government will use electronic means to give health care to the general public, particularly those living in remote areas.
Laptops with a 1% interest rate
The finance minister said that students will be able to purchase a new laptop for 1% of the interest rate. As the Nepalese government seeks to expand its digital footprint, access to gadgets and broadband internet will be critical.
Allowing students to acquire laptops with the bare minimum of interest will undoubtedly drive young toward IT efficiency.
This policy, however, will apply only to students enrolled in government institutions.
Plans for Smart Krishi and Digital Maps
The finance minister also detailed efforts to improve Smart Krishi. The NELIS service will be improved by the government. It allows individuals to look up their property on the internet and print digital maps.
The finance minister stated that the government plans to digitize the majority of its land-related activities in the coming fiscal year.
All land-related tasks performed at District Land Revenue Offices or Malpot will be moved online. This means that the general people will be able to register and transfer ownership of land.
Beginning with the following fiscal year, land measurement, mapping, field book, and plot registration will be done electronically across the country through the MeroKitaa software.
Similarly, the government will disseminate agricultural information via mobile apps.
Online Billbook Renewal
The administration intends to move bill book renewal online beginning with the following fiscal year. This will save car owners from having to wait in awkward and lengthy lines at the relevant transport agencies.
Tourists Can Be Tracked Using GPS
The government will establish a GPS tracking system next fiscal year to safeguard the safety of visiting tourists.
This would assist tourists who visit Nepal and travel to the most distant locations, as well as those who come for mountaineering or adventure sports.
Tracking of Vehicles
The government will develop a vehicle tracking scheme to keep track on automobiles’ movements. There will also be online public transportation tickets available.
The government will also supply radio frequency imprinted number plates for vehicles, as well as electronic licenses that may be used to track their movement or position.
This will serve as an anti-theft technique as well as a way to pinpoint their whereabouts in the event of an accident.
In the coming fiscal year, the government will reinforce its e-learning approach. There will be a Sikai portal set up to encourage remote or online study.
This will aid those who are unable to obtain an education due to a lack of school infrastructure or in the event of an emergency, such as the current pandemic. However, it will also operate in conjunction with traditional schools to assist students improve their IT abilities.
Postal Service eCommerce
The government will use the postal service for eCommerce deliveries in the coming fiscal year.
According to the article, the government will form a team to investigate the issue and draw findings.
Madan Bhandari Technical University is a technical university in Madan Bhandari, India.
The Honorable The Finance Minister also stated that the Madan Bhandari University of Science and Technology will begin classes in the coming fiscal year. The long-proposed university is located in the Makawanpur district of Chitlang.
In other developments, he announced that the government intends to create one technical education school in each ward.
Graduate Loans at Low Interest Rates
One of the big announcements made today was the government’s announcement of a 25 lakh loan for graduates.
The government will give bachelor graduates with a loan of up to 25 lakhs at a low interest rate of 5%.
The plan is aimed at young people and has the potential to play a significant role in increasing self-employment (entrepreneurship) and keeping them in the country.
To qualify for the starting financing, graduates must provide an academic certificate.
VAT Advantages With QR Pay
Beginning with the next fiscal year, you will receive a 10% VAT refund on goods purchased and paid for with a QR code. This approach will promote online payment and instill digital habits in consumers.
National Payment Switching System
According to the finance minister, the government will launch the long-awaited National Payment Switch in the coming fiscal year.
The transition would integrate numerous online payment systems, making electronic transactions more convenient. According to the Finance Minister, National Clearing House Ltd. is actively working on it and will introduce the Switch shortly.
From the next fiscal year, the government will incorporate a QR code into Passport.
There will be a biometric element to make passport and visa applications more modern and computerized.
The Global Version of NTV (NTV World TV)
Nepal Television, the country’s first television channel, currently has four sister channels: NTV PLUS, NTV News, NTV Kohalpur, and NTV Itahari.
However, the government has declared today that another iteration branded NTV World will be added. The channel will have a larger appeal to Nepalese living both within and outside the country’s borders.
In the coming fiscal year, the government has proposed a number of efforts to improve mobile broadband access and efficiency. The keynotes in this category ranged from MDMS to the growth of 4G networks.
Expansion of Fiber Network
The government has declared that it will lay optical fiber across the country in two years. The proposed installation of fiber over major roadways will create an information highway for the improved and more capacious transmission backbone network.
Similarly, internet cables in cities will be relocated underground to eliminate cables that have degraded the appearance of cities and jeopardized people’s safety.
Broadband Internet Access through RTDF
The government will continue to expand broadband access in the coming fiscal year by employing the Rural Telecommunications Development Fund.
The policy aims to deploy broadband fiber internet at every local level across the country in order to provide a high-speed, dependable connection.
System for Managing Mobile Devices
Meanwhile, the Nepal government has declared that the Mobile Device Management System will be launched soon (MDMS).
This technique enables the government to control and enforce its policies on cellphones and tablets.
Mobile device management software (MDMS) keeps track of smartphones, tablets, and other network devices obtained through approved channels and blocks all others. The long-awaited effort aims to reduce the country’s reliance on grey devices.
The government will disable grey phones beginning on Shrawan 1st, using MDMS. The illegal entry of grey phones into Nepal costs the government millions of dollars each year, and the government is toughening its position on it.
Because of the crackdown on unlicensed phones, they will be inoperable regardless of whether they have a Nepali SIM card.
The Nepal Telecommunications Authority will disable phones with IMEI numbers that have not been registered in Nepal.
Students above the age of 16 can get a free SIM card.
To increase communication and broadband access among the youth, the government will equip each person over the age of 16 with a SIM card.
After establishing eligibility, the government will provide free SIM cards in the following fiscal year. The proposal will help recent SEE graduates who will be enrolling in +12 classes (previously High School).
4G Coverage Across the country
Another goal for the government is to expand the 4G network. The government intends to build the fourth-generation network across the country to every municipal level during the following budget year. Examine Nepal Telecom’s 4G Coverage
With the publication of the budget, Nepal Telecom users will be able to purchase stock in the company. They have given mobile, landline, and internet clients 22 percent of the company’s share.
These were some of the highlights of the budget release for the forthcoming fiscal year 2078/79 for the IT industry (ICT and Telecom). The policy will be implemented beginning on Shrawan 1st.
What are your concerns regarding today’s budget? Are you happy with the government’s IT policies for the coming term? Please let us know in the comments section.