The Confederation of Nepalese Industries (CNI) suggested the central bank to introduce the clear concept on gold deposit provision as proposed in the budget for the next fiscal year.
Submitting the suggestions on the monetary policy for the next fiscal year, the CNI suggested Nepal Rastra Bank (NRB) to adopt a policy to resolve the liquidity problems that was being witnessed frequently in the banking sector.
Likewise, the CNI proposed to have different times for paying taxes and bank interest, according to a press statement issued by the CNI. “Until now, the duration for paying taxes and bank interests is almost same.”
The CNI also demanded to increase the size of its refinancing fund to Rs 100 billion and make a provision to allocate 30 per cent amount of the fund for the export related industries. “Similarly, the central bank has to ease the provision for providing loans to those industries and business which have high credit rating,” it reads, adding that the central bank should adopt a liberal policy for the foreign loans and for the infrastructure development projects.
The CNI has also asked the central bank to formulate the export friendly policy based on the balance of trade at present rather than introducing polices based on the balance of payment.
Responding the CNI suggestions, acting deputy governor Chintamani Siwakoti said that the central bank will formulate Monetary Policy based on the suggestions.
Submitting the suggestions on the monetary policy for the next fiscal year, the CNI suggested Nepal Rastra Bank (NRB) to adopt a policy to resolve the liquidity problems that was being witnessed frequently in the banking sector.
Likewise, the CNI proposed to have different times for paying taxes and bank interest, according to a press statement issued by the CNI. “Until now, the duration for paying taxes and bank interests is almost same.”
The CNI also demanded to increase the size of its refinancing fund to Rs 100 billion and make a provision to allocate 30 per cent amount of the fund for the export related industries. “Similarly, the central bank has to ease the provision for providing loans to those industries and business which have high credit rating,” it reads, adding that the central bank should adopt a liberal policy for the foreign loans and for the infrastructure development projects.
The CNI has also asked the central bank to formulate the export friendly policy based on the balance of trade at present rather than introducing polices based on the balance of payment.
Responding the CNI suggestions, acting deputy governor Chintamani Siwakoti said that the central bank will formulate Monetary Policy based on the suggestions.
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I am feeling very good after having got some interesting news about the real estate property. Godrej
Hillside Mahalunge Pune has come up with 1 bhk, 2 bhk, and 3 bhk residences in Pune.
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