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Facilities of IT 2000

Subject: Computer

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Overview

A venture capital fund shall be established by utilizing capital market with the joint investment of Government and the private sector. This note contains list the facilities provided by action plan of It policy 2000.
Facilities of IT 2000

The following facilities shall be provided for development of the information technology sector:

  1. One percent customs duty shall be levied on hardware, software and all kinds of computer spare parts imported by training institutions related to information technology, albeit on the recommendation of the National Information and Technology Center on the basis of services rendered and the achievements of such institutions.
  2. As software development services based on software are operated twenty-four hours , such services shall be declared essential services to guarantee regular production by employees working in the companies related to such services, and arrangements shall be made accordingly.
  3. A venture capital fund shall be established by utilizing capital market with the joint investment of Government and the private sector.
  4. Domestic preference shall be given in accordance with the prevailing law on the computers , spare parts and software produced within the country.
  5. Software may be directly depreciated for the purpose of income tax , whereas equipment relating to information technology may be allowed an accelerated depreciation for two years.
  6. In cases when an investment has been made in foreign currency either as a loan or share capital required to build and operate infrastructure, the investor shall be allowed to repatriate the principal and interest of the loan and dividends accordance with the prevailing laws.
  7. As Nepali nationals working abroad can play an important role in the technology transfer and market promotion in this sector, they shall be encouraged to invest their foreign currency earning in this sector.
Things to remember
  • A venture capital fund shall be established by utilizing capital market with the joint investment of Government and the private sector.
  • Software may be directly depreciated for the purpose of income tax , whereas equipment relating to information technology may be allowed an accelerated depreciation for two years.
  • As Nepali nationals working abroad can play an important role in the technology transfer and market promotion in this sector, they shall be encouraged to invest their foreign currency earning in this sector.
  • It includes every relationship which established among the people.
  • There can be more than one community in a society. Community smaller than society.
  • It is a network of social relationships which cannot see or touched.
  • common interests and common objectives are not necessary for society.
Videos for Facilities of IT 2000
CYBER CRIME IN NEPAL
Questions and Answers
The IT policy of Nepal is needed to develop .Information technology in the shortest time possible for the sake of the national economy & other improvements.
Two polices of information technology policy of Nepal 2057 are:
  1. To provide internet facilities to all the village development committee of the country in phases
  2. To computerize the records of each government office &build web site for them for the flow of information

The mission of IT Policy of Nepal 2067 is

“To achieve good governance, minimize poverty along with socio-economic promotion by the proper use of Information Technology in Nepal.”

The main problems and challenges of IT policy of Nepal 2067 are:

  1. The situational risk of the right of protection of intellectual property and anti dumping after being the member of World Trade Organization.
  2. The active and effective involvement of public private partnership and international communities which are taken as important aspect of overall economic development.
  3. Enhancement of necessary aspects and institutional management so as to make national situation in accordance with world situational expect.
  4. Necessity of Behavioral Implementations of program related to information and technology by removing the problems and hurdles in a cooperative way.
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