Economy making positive development: Governor Dr. Nepal

Kathmandu, December 2: Nepal Rastra Bank Governor Dr. Chiranjivi Nepal has claimed that the country’s economy was making headway to positive direction after the policy reform. NRB created an investment-friendly policy with long efforts, which resulted in positive indicators.

Governor Dr. Nepal came up with such remarks while speaking at a program organized on the occasion of the 22nd anniversary of the Society of Economic Journalists in Nepal (SEJON) in the central capital yesterday.

“With much study, NRB brought various policies to prop up the country’s economy. As a result, it showed improvement in the last three years,” he underscored, hoping that its effects would augment more in the coming days. He urged the entrepreneurs to invest in trade, commerce, and productive sectors. For this, NRB is ready to extend help, he added. “We should also respect depositors’ rights. When industrialists complain of high-interest rate, it can be addressed in a due process. But, the interest rate can not be decreased in the luxury sector. NRB, however, is ready to provide subsidy to the productive and export-oriented sector/things.”

On the occasion, Senior Vice-Chairperson of FNCCI, Shekhar Golchha, also said the country’s economy was in the right direction- the balance of payment is improved and the atmosphere was being created to reduce the widening trade deficit. The private sector is focused on economic prosperity and development, for which a policy- level reform is essential, he underscored. Chairperson of the Confederation of Nepalese Industries, Sathish Mor, however, reminded the government and stakeholders that economic development could be realized only with the support and cooperation of the private sector. Chairperson of Small and Cottage Industries’ Federation, Shyam Giri and Vice-Chairperson of Nepal Chamber of Commerce, Naresh Tamrakar, suggested the government to prioritize export-oriented industries, and for it to happen, they were ready to extend assistance. On the occasion, Kantipur daily reporter Matrika Dahal was conferred on the SEJON Award, carrying the purse of Rs 50,000 for this year. Even a souvenir ‘Economic Policy’ published by SEJON was released at the program.

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