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Coronavirus Fund COVID-19 Control and Treatment Fund Nepal News transparency issues

Rs 1.98 billion collected for coronavirus fund

Rs 1.98 billion collected for coronavirus fund


Kathmandu, April 13

Though the federal government had arrange the COVID-19 Control and Treatment Fund to fight the unfold of the coronavirus and the unfavourable circumstances ensuing from the pandemic, the non-public sector has not been so forthcoming in contributing to the fund as a consequence of transparency points.

Though just a few non-public corporations have contributed to the fund, a majority of them have been making direct contributions to forestall the unfold of the coronavirus in Nepal.

So far, Rs 1.98 billion has been collected within the COVID-19 fund with a majority of the contribution coming from authorities companies, whereas just a few insurance coverage corporations and telecommunication corporations have additionally contributed to the fund.

Apparently, a serious portion of the contribution has come from authorities companies.

On Friday, Finance Minister Yubaraj Khatiwada had requested the Federation of Nepalese Chambers of Commerce and Industry delegation to contribute to the federal government fund and help the initiative.

Though FNCCI delegation had visited the finance minister to recommend measures that the federal government ought to take to revive companies and the economic system, Khatiwada, as a substitute of boosting the morale of the non-public sector, urged them to contribute to the fund.

This clearly exhibits that the fund established by the federal government has didn’t accumulate sources, particularly from the non-public sector as anticipated.

“Whenever somebody contributes to any fund or charity the one factor that’s on prime of their thoughts is how transparently the contribution can be utilised,” stated an industrialist who most popular to remain nameless.

“As we’ve a historical past of the federal government failing to successfully mobilise such funds and guarantee transparency of sources, companies are serving to the nation fight the coronavirus by way of different means.”

While some company homes have been immediately serving to the federal government by supplying medical gear and private protecting gear to well being establishments, different enterprise conglomerates have stored mum on making contributions.

Renowned enterprise homes like Chaudhary Group, Jyoti Group, Vaidhya’s Organisation, Murarka Organisation, IME Group, Prabhu Group and Panchakanya Group have been silent on extending monetary help to the federal government.

“Corporate homes should not whole-heartedly extending monetary help most likely as a result of they doubt the accountability and transparency of the fund. Supporting the federal government throughout this disaster even by way of different means may also be troublesome as a result of ongoing lockdown,” the industrialist stated.

However, Rajendra Kumar Poudel, spokesperson for the Office of the Prime Minister and Council of Ministers, claimed that transparency wouldn’t be a difficulty because the fund follows sure pointers.

“In truth, the scale of the fund is increasing. Many corporations and people who’ve expressed their dedication to contribute are but to deposit the cash,” he added.

A model of this text seems in e-paper on April 14, 2020 of The Himalayan Times.

The put up Rs 1.98 billion collected for coronavirus fund appeared first on The Himalayan Times.


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