KATHMANDU, July 6: 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.
Capitalism’s Triple Crisis
At a program organized in the federal capital on Wednesday, Chamber Chairperson Rajendra Malla underscored the need for effective coordination for budget and monetary policies. "We need to cooperate with each other to get the private sector's demands fulfilled and the country's economy elevated," he mentioned.
However, Malla ruled over the downcast morale of the private sector for a long time, reasoning that the investment atmosphere was not favorable due to high interest rates. 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 Chairman Rajesh Kumar Agrawal viewed cooperation among private sectors as essential for effective implementation of monetary policy. Economic development and prosperity are inspired by the private sector; its demands should be addressed by the government.
(RSS)
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