Two private business entities have decided to join hands for economic stability. Nepal Chamber of Commerce and Industries, and Confederation of Nepalese Industries are determined to work together for economic stability and development with effective budget and monetary policies.
At a programme organized in the federal capital on Wednesday, Chamber Chairperson Rajendra Malla underscored the need of effective coordination for budget and monetary policies. “We need to cooperate with each other to get private sector’ demands fulfilled and country’s economic elevated,” he mentioned.
However, Malla rued over downcast morale of the private sector for long reasoning that investment atmosphere was not favourable due to high interest rate. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end.
Similarly, CNI Chair Rajesh Kumar Agrawal viewed cooperation among private sectors is essential for effective implementation of monetary policy. Economic development and prosperity are aspired by the private sector its demands should be addressed by the government.
Source: National News Agency-Nepal