After the bankers now its entrepreneurs, who are against the proposed amendment to the Banks and Financial Institutions Act (BAFIA).
The proposed amendment of BAFIA is a regressive step as it has tried to back track liberal economic policy adopted by the country some two decades ago, said Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Confederation of Nepalese Industries (CNI) today.
It will discourage private sector investment as it has undermined the role of private sector, the entrepreneurs said, adding that no new investment will come, if such proposal is passed.
"The overall economy will suffer due to such Act," they opined.
The CA members have suggested amendments after discussions in Parliamentary sub committee but it seem to be guided through their political affiliation rather than economic sense.
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