NCCI, CNI to collaborate for financial stabiity

KATHMANDU, JULY 6: Two apex private sector organsations have decided to join hands for economic stability. Nepal Chamber of Commerce and Industries ( NCCI) and the Confederation of Nepalese Industries (CNI) are determined to work together for financial stability and development with adequate budget and monetary policies. At a programme organized in the federal capital yesterday, Chamber Chairperson Rajendra Malla underscored the need for effective coordination of budget and monetary policies.

"We need to cooperate with each other to get private sector' demands fulfilled and the country's economy elevated," he mentioned. However, Malla rued over downcast morale of the private sector for long reasoning that the investment atmosphere was not favourable due to high-interest rates. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end.

Similarly, CNI Chair Rajesh Kumar Agrawal viewed cooperation among private sectors as essential for the effective implementation of monetary policy. Economic development and prosperity are aspired by the private sector the government should address its demands.