Kathmandu, June 29
The
newly elected office bearers of the Confederation of Nepalese Industry (CNI)
have urged Prime Minster Pushpa Kamal Dahal Prachanda to implement the budget
successfully to keep the economy running.
In
the first meeting with the Prime Minister at his residence in Baluwatar on
Thursday since their election to the CNI office last week, the delegation led
by CNI President Rajesh Kumar Agrawal also urged the PM to create an
environment where capital expenditure is done on time.
Discussing
the current status of the country's economy, Agrawal asked for the
representation of the private sector in the monitoring committee announced by
the government for the successful implementation of the budget.
He
also emphasized that in order to achieve economic growth of 6 per cent targeted
by the budget, a loose monetary policy was necessary to keep the economy
running.
Agrawal
said that if taxes were imposed on Further Public Offerings (FPOs), mergers and
acquisitions, it would discourage investors and send a negative message to the
international community. He asked for the promotion of indigenous products and
to control illegal imports in a ruthless manner to increase the collection of
government revenue.
The
CNI also stressed on the need for immediate implementation of the agreement
regarding electricity export and electronic payments made with India during the
recent visit of the Prime Minister there.
In
response, PM Prachanda said that cooperation with the private sector including
the CNI was a priority to mitigate pressure and hardships on the country's
economy.
Published in The Rising Nepal daily on 30 June 2023.
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