KATHMANDU: Nepal Chamber of Commerce (NCC) President Rajendra Malla inaugurated the ninth general meeting of Tilottama Chamber of Commerce in Rupandehi district.
Addressing a programme held to inaugurate the general meeting, NCC President Malla said the private sector should also be responsible for strengthening the country’s economy. He said this citing that the internal part of the economy, including revenue collection, is still in a state of risk.
NCC President Malla said, ‘It is necessary for the government and private sector to work hand in hand to increase production, promote exports, and create jobs through industrial investment.’
He mentioned that the revenue collection has not achieved the target.
On the occasion, Malla suggested illegal trade should be controlled in an organised way at the Indian border. He claimed that the revenue will increase 40% after managing illegal business being done taking advantage of the open border between Nepal and India.
The NCC President said he was ready to work together with the government to organise imports and promote exports and also stressed that the government should make the revenue system more flexible by broadening taxes.
He emphasized the importance of cooperation among three tiers — federal, provincial and local — of government to make the tax revenue administration effective.
He suggested the government implement and mandate the system of bill payment from the retailers to the wholesale units.