August 25, Kathmandu. The National Planning Commission is the apex physique of the federal government to advise on growth planning and development. Although the prime minister is the chairman, he’s equally supportive of the finance ministry.
On the opposite hand, Finance Minister Janardan Sharma Prabhakar has introduced that the position of the Planning Commission within the Finance Ministry will likely be to create one other physique, a assume tank. Introducing the Budget Replacement Bill in Parliament, he mentioned a ‘assume tank’ can be arrange within the ministry to formulate financial coverage by examine, analysis and evaluation.
While this work is presently being accomplished by the Planning Commission. The fee is lively from price range formulation to monitoring undertaking implementation. The Commission has additionally been facilitating the implementation of growth insurance policies and programmes.
Economists have termed the announcement of the Finance Minister to arrange a assume tank parallel to the Planning Commission as mistrust of establishments. Former finance secretary Rameshwar Khanal mentioned, “The National Planning Commission, a permanent body that assists the finance minister and the prime minister in policy-making, studies and research, is trying to create another think tank.”