Wednesday, November 11, 2020

Finance Minister vows to boost private sector confidence

 The private sector that has been in low morale since last 2 years, got pat on the back by the incumbent finance minister Bishnu Prasad Paudel, as he said that the government will boost the confidence of the private sector.

During a meeting with a delegation – led by Nepal Chamber of Commerce (NCC) president Rajesh Kazi Shrestha, today, the newly appointed finance minister promised that the government will support and encourage the private sector. “The economy could be revived through minimising the adversity caused by Covid-19 by supporting and encouraging the private sector,” he said, adding that the government and private sector should work hand in hand to revive the economy. “The private sector should operate their business by following the health and safety protocols also to keep the economy moving.”

Assuring the private sector that the government will implement the relief and rehabilitation programmes mentioned in the budget, he said that many problems could be solved, if the government understood the problems and difficulties of the private sector and the private sector understood the limits and role of the government.

On the occasion, Shrestha urged the government to increase purchasing power of the people to keep the economy moving and also create a conducive environment for trade and industry.

Nepal Chamber of Commerce also submitted a 22-point recommendations to finance minister. The recommendation include the revival of economy by supporting the private sector.

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