Monetary policy should be flexible for a vibrant economy, PM Oli says

KATHMANDU, JULY 19: Prime Minister KP Sharma Oli has asserted that the new government was formed to resolve problems that have surfaced in the country and to implement some changes.

During a discussion with office-bearers of the Confederation of Nepalese Industries (CNI) today, Prime Minister Oli clarified that he did not take the responsibility of Prime Minister this time just for the sake of it, as he had already held the position before. He mentioned, "The main objective of the incumbent government is to resolve existing problems and to strengthen the country's economy. I became the Prime Minister this time with the determination to resolve these problems and to make changes in the country, not just for the post. So, the private sector should work together with the government, believing in this mission."

Expressing the view that tax rates should not be changed at the behest of someone and that the private sector should protest against wrong policies, the Prime Minister stressed that monetary policy should be flexible to make the economy dynamic.

On the occasion, CNI President Rajesh Kumar Agrawal urged the government to prioritize lifting up the economy, which has slowed down over the last three years. Stating that although the external sector is encouraging, the domestic economy is still problematic, as the productive and construction sectors have been most affected, he stressed the need to boost the morale of the private sector.

The CNI President emphasized the importance of making the sluggish economy vibrant through monetary policy. Former CNI presidents Bishnu Kumar Agrawal, Satish Kumar Mor, and Haribhakta Sharma; vice-presidents Nirvan Chaudhary, Birendra Raj Pandey, Raj Bahadur Shah, Amit Mor, and Bhim Ghimire; and governing council members Shiva Ratan Sharada, Yogeshwar Lal Shrestha, and Bal Krishna Shrestha, among other officials, shared their views on the current condition of the economy and provided suggestions to the PM on ways to improve it.

RSS