The
incumbent government was, though formed to manage political transition, it has
also focused on economic agenda, according to finance minister Shankar Prasad
Koirala.
Addressing a
meeting of newly elected members of Morang Trade Association here in Biratnagar
today, he said that the new government that will be formed in a couple of weeks
cannot backtrack from the economic agenda.
Many
proposed Acts including Industrial Act and Special Economic Zone (SEZ) Act – that are
related to business and economic sectors – have been gathering dust in the
cabinet. "This government is handing over the power to the elected
government and that new government will take over the responsibility of
approving them," he said, adding that the short-term and limited mandate
of the incumbent government halted from bringing these Acts that could have
help boost private sector's confidence.
"The
incumbent government also has no legal teeth to solve the issue of
mismatch," he added. "Though the government had brought an ordinance
for six months to solve the issue, the private sector failed to take advantage
of the deadline and the ordinance has expired leaving no room for the
government to do anything."
The
government is private sector friendly but the private sector also has to do
business morally, the minister advised.
The newly elected president
of the association Shiva Shankar Agrawal, on the occasion, urged the government
to help Biratnagar to help gain its past glory as the industrial city of the
east.
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