Kathmandu, March 31 : The Confederation of Nepalese Industries (CNI) has said the steps initiated by the Nepal Rastra Bank (NRB) to prop up the national economy hit hard by the COVID-19 pandemic were worth welcoming.
In its press release, the CNI stated that specific changes made in the monetary policy would help sustain liquidity in the economy. “Nepal’s central bank has taken into account the various issues CNI had been raising at different times. We are of the belief that this would certainly help sustain the confidence of the private sector,” the CNI stated.
Hailing the government’s decision to make arrangements for relief to the economically poor families and the daily wage-earners, CNI said it was a positive step. It has expressed confidence that the government would also bring the medium term and long-term relief as well besides the present short-term relief. CNI said the government has announced the relief at a time when there were big expectations that the government would protect Nepal’s economic system. RSS
