Economy making positive development: Governor Dr Nepal

Kathmandu : Nepal Rastra Bank Governor Dr Chiranjivi Nepal has claimed that country’s economy was making headway to positive direction after the policy reform. NRB created investment friendly policy with long efforts, which resulted in positive indicators.

Governor Dr Nepal was saying it at a programme organized on the occasion of the 22^nd anniversary of Society of Economic Journalists in Nepal (SEJON) in the central capital today. “With much study, NRB brought various policies to prop up country’s economy. As a result, it showed improvement in recent three years,” he underscored, hoping that its effects would augment more in the coming days.

He urged the entrepreneurs to invest on trade, commerce and productive sectors. For this, NRB is ready to extend help, he added. “We should also respect depositors’ rights. When industrialists complain of high interest rate, it can be addressed in a due process. But, interest rate can not be decreased in the luxury sector. NRB, however, is ready to provide subsidy to the productive and export oriented sector/things.

On the occasion, Senior Vice-Chairperson of FNCCI, Shekhar Golchha, also said country’s economy was in right direction- balance of payment is improved and atmosphere was being created to reduce widening trade deficit. The private sector is focused on economic prosperity and development, for which policy level reform is essential, he underscored.

Chairperson of the Confederation of Nepalese Industries, Shatish Mor, however, reminded the government and stakeholders that economic development could be realized only with the support and cooperation of private sector.

Chairperson of Small and Cottage Industries’ Federation, Shyam Giri and Vice-Chairperson of Nepal Chamber of Commerce, Naresh Tamrakar, suggested the government to prioritize export oriented industries, and for it to happen, they were ready to extend assistance.

On the occasion, Kantipur daily reporter Matrika Dahal was conferred on the SEJON Award, carrying the purse of Rs 50,000 for this year. Even a souvenir ‘Economic Policy’ published by SEJON was released at the programme.

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