Tuesday, January 12, 2021

Coop should focus on economic activities: FM Paudel

Kathmandu, Jan. 11

Finance Minister Bishnu Prasad Paudel said on Monday that the cooperatives should abandon complaining and focus on their contribution to economy.

"Cooperatives are one of the three pillars of Nepali economy and is the foundation for the socialism-based society. You now should be productive and focus on economic activities. The government is ready to create an environment for it," he said while addressing the 28th Annual Meeting of the National Cooperative Federation (NCF).

He said that the Finance Ministry was ready to hold a dialogue with the cooperatives and urged the latter to be ready to find a new path to economic progress and development.

"Complaining takes us nowhere. Make a list of works that the government should do and you can do. If needed, Prime Minister and the governor of the central bank could also be invited to a round table for the development of the cooperatives sector," he said.

Minister for Land Management, Cooperatives and Poverty Alleviation Shiva Maya Tumbahamphe said that the laws that were not cooperatives-friendly would be amended by the new parliament after the election.

"The ministry is ready to collaborate with the cooperatives in addressing the maladies in the sector," she said and urged to provide suggestions for the same.

NCF Chairman Minraj Kandel said that cooperatives had contributed to mobilising the local economy and job creation as well.

A book written by former Minister Keshav Badal 'Samajbad' and NCF's publication 'Sahakarika Siddantaharu' were also launched on the occasion.

Published in The Rising Nepal daily on 12 January 2021. 

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