FNCCI President urges govt to give attention to capital expenditure

KATHMANDU: President of the Federation of Nepalese Chambers of Commerce and Industry Shekhar Golchha has urged the government to give serious attention to spending the capital budget, as it is about meeting revenue collection targets. He stated that the liquidity crisis that the market is facing at present could be somehow managed if the government increased its capital expenditure. Golchha was speaking while welcoming the newly elected representatives of Bhaktapur CCI at the FNCCI secretariat in Teku on January 2. He added that the economy which was just about recovering from the impact of the Covid 19 pandemic was again facing problems due to liquidity crunch. Golchha also said that oftentimes the business community is blamed for only focusing on trade and not the productive sector. However, if the government is able to provide a conducive environment, then businesses will be more involved in the productive sector. READ ALSO:

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