Government serious about issues in banking, financial sector: PM Dahal

KATHMANDU: Prime Minister Pushpa Kamal Dahal has said the government is serious towards the issues in the banking and financial sector. During a meeting about the identification of and solution to issues in banks and financial sector organised today at the Office of the Prime Minister and Council of Ministers, the head of the government said interest rate of banks and financial institutions (BFIs), issues of micro finances, concerns of business community and financial anomalies are the serious concerns of the government. PM Dahal said, "Business community is complaining over the banks' interest rates. Problems in microfinance are making news headlines almost every day. Some forces are intending to take advantage of this development. I have taken all these phenomena seriously." The prime minister stated that the nation's economy was at difficulty and added the very first Cabinet meeting of the incumbent government had decided to seek solutions to economic issues through collaboration with the public and private sectors. "Today's meeting focused on resolving problems being faced by BFIs. The government is at work to resolve economic problems. I am aware and cautious about people's complaints about BFIs," he said. He also sought suggestions from the private sector on dealing with the current problems in the country's economy. He suggested that a high-level commission can be formed if needed. Similarly, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari claimed that economic indicators were moving in a positive direction. Participating representatives from the private sector and BFIs provided suggestions to the government in resolving problems being faced by BFIs. Others present in the meeting were the government's chief secretary, finance secretary, office bearers of the Federation of the Nepalese Chambers of Commerce and Industry (FNCCI), and representatives of various business organisations, Nepal Bankers' Association and BFIs. By RSS READ ALSO:

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