Kathmandu, May 8 (RSS): The first meeting of the Inter Governmental Finance Council has held under the chair of Minister for Finance Dr Yubraj Khatiwada at the Ministry of Finance on Monday.
Chief Minister and Finance Minister of Province No. 5 Shanker Pokharel, Ministers for Finance and Planning of all seven provinces, Vice Chair of the National Planning Commission, Governor of the Nepal Rastra Bank, secretaries of different ministries and members of the Council were present at the meeting.
Issues relating to implementation of the financial federalism, organizational structure, infrastructure development, personnel management, and allocation of means and resources were discussed.
In the meeting, Province-5 Chief Minister Pokharel recommended to set up a separate body on tax. He further said tax should be collected based on the principle of its distribution in all three tiers and the Ministry of Finance should push the lobby for this.
On the occasion, Finance Minister Dr Khatiwada said the confusions surfaced in course of implementing federalism should be gradually settled.












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