Himal Press 
KATHMANDU: The government has unveiled a series of measures aimed at overhauling revenue administration as part of its 100-day action plan to improve governance.
Under the reform agenda, the government plans to identify and mobilise idle financial resources within 90 days. “Unclaimed funds will be transferred to the state treasury after completing legal procedures,” the plan states.
Likewise, the government has said that it would make legal arrangements within 60 days to mobilize large sums of idle deposits held in courts and government bodies, which have remained unused, for development purposes.
In a push toward digitalization, large businesses will be required to implement an e-billing system within one month. The move is expected to enhance transparency and reduce tax evasion.
Similarly, the Ministry of Finance has been tasked with preparing and implementing a comprehensive plan within 45 days to automate tax administration, curb revenue leakage, and simplify services for taxpayers.
Likewise, it plans to review more than 139 scattered, duplicated, or underperforming funds, consolidate similar funds within 60 days, and develop a framework to utilize these resources for high-return projects.
The reform package also targets revoking inactive licenses and bringing active firms under stricter regulation. The government has said that it would amend existing laws, including the Mines and Minerals Act, to make them more investment-friendly and transparent. Likewise, it plans to upgrade laboratory capacity with modern equipment and develop an integrated database of strategic minerals within three months.
Similarly, the government has said that it would restructure customs administration to facilitate trade, while separating commerce and consumer protection functions to ensure more effective regulation. It has also pledged to enforce Maximum Retail Price provisions strictly and intensify market monitoring.
