Kathmandu, July 5
Nepal Chamber of Commerce (NCC) and Confederation of Nepalese Industries
(CNI) have said that they would cooperate on various issues in order to
maintain economic stability in the country.
Through effective coordination on the issues of budget and
monetary policy, cooperation between two representative organizations of the
private sector is about to take place for economic stability and development,
the NCC said in a statement on Wednesday.
At a programme organised by the NCC to welcome and congratulate
the newly elected working committee of the CNI led by Rajesh Kumar Agrawal, the
two private sector organisations expressed their desire to forge cooperation on
the economic agenda and move forward.
While congratulating the officials of the Confederation, NCC
President, Rajendra Malla, emphasised that the private sector organisations
should cooperate to provide economic stability to the nation through the
effective coordination of the next year's budget and monetary policy. "We
need to cooperate to boost the country's economy and meet the demands of the
private sector," he said.
Malla said that the high interest rate on bank loan has
disturbed the investment environment and the morale of the private sector as a
whole has eroded of late. According to him, the private sector need to act
united to nudge the concerned government agencies to create a better investment
environment in the country.
The CNI and NCC are also submitting joint suggestions to the
Nepal Rastra Bank for the upcoming monetary policy of the Fiscal Year 2023/23
on Thursday.
An understanding has also been reached between the two
organsations regarding continuous cooperation in the coming year for the
improvement of the financial sector by controlling interest rates, read the
statement.
CNI President, Agrawal, said that there should be cooperation
between the private sector organisations for the effective implementation of
the monetary policy.
Stating that economic development and prosperity are the desires
of the private sector, Agrawal said that an environment for regular discussions
with the government should be created to meet their demands.
Meanwhile, an understanding has also been made between CNI and
NCC to cooperate in the campaign to discourage business on credit.
Published in The Rising Nepal daily on 6 July 2023.
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