Monday, April 11, 2011

Premier vows peace, security

Prime Minister Jhalanath Khanal promised investment-friendly environment, peace and security today addressing the 45th annual general meeting of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and National Commerce Day here in the valley.
He also appealed entrepreneurs to be 'neat and clean' by avoiding fake VAT bills to evade tax. "The government is committed to take serious action against those invloved in fake VAT bill scam," he said.
On the occasion, FNCCI president Kush Kumar Joshi urged the government not to treat regular tax payers and non-payers equally. "The government should discourage intimadation and bring culprits to book to ensure better industrial environment," he said, urging for immediate Chamber Act that is a need of the hour.
"The umbrella organisation of Nepali private sector has reached minimum wage deal with trade unions but some of the faction are again creating trouble and bargaining," Joshi added.
Reiterating the government's commitment on implementation of minimum wage deal between employers and employees, the preemier said that government is also committed to implement Industrial Policy.
Despite huge potential, Nepal has not been able to exploit the natural resources, Khanal said, adding that the nation will undergo an industrial revolution after the completion of the peace process. "However, industrial peace is key to economic revolution," he added.
Joshi agreed that economic revolution can institutionalise the achievements of second mass movement.
Election on Tuesday
KATHMANDU: The FNCCI annual general meeting is scheduled to elect on Tuesday its 61-member central working committee for a three-year term. Suraj Vaidya and Ajad Shrestha are contesting for presidential post with their panel. Both the panels have their strength and weakness but the coming leadership of private sector must be strong enough to face challenges from different quarters on liberal economic policy and private sector's role in economic growth of the country.

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