DPM Shrestha hints at economic reforms measures soon

KATHMANDU: Deputy Prime Minister and Minister for Physical Infrastructure and Transport Narayan Kaji Shrestha has promised to embrace positive interventions to bring about reforms in the economy with partnership between the government and private sector. Inaugurating the 14th general assembly of Nepal Wool Felt Producer's and Exporter's Association in Kathmandu, on Thursday, he said necessary steps will be initiated by taking the private sector on board for the recovery of the worsening economic condition of the country. The government is in favour of maintaining good governance, capacity building for increasing capital expenditure and substitute imports by increasing production in the country, he said adding that serious and effective measures will be taken for the reforms in the economy after the expansion of cabinet. Likewise, Secretary of the Ministry of Industry, Commerce and Supplies Toya Narayan Gyawali urged the business community to offer their feedback in budget making process to make the economy vibrant. Also speaking at the event, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Shekhar Golchha drew the attention of the government to lower the bank's interest rate along with the industry-friendly policy and programmes. By RSS READ ALSO:

• RSP MPs visit FNCCI Secretariat, inquire about situation of economy, industries, businesses
• CIM, FNCCI arrange orientation on energy efficiency in Morang
• FNCCI delegation meets Oli, makes recommendations on Food Hygiene and Quality Bill