Kathmandu. Nepal Rastra Bank (NRB) for the upcoming fiscal year 2019/20. The current fiscal year 2081 before the budget of 83. It is preparing to bring the third quarter review of the monetary policy of 82.
According to the constitutional provision, the government has to bring the budget for the upcoming fiscal year on May 15 every year. Nepal Rastra Bank (NRB) has a provision to bring the annual monetary policy within 15 days of the start of the new fiscal year and every quarter and half-yearly review within 45 days of the end of the quarter.
According to the same provision, the central bank will have to bring a monetary review by May 15. “The monetary review is likely to come before the budget for the next fiscal year,” said Dr Bhagwat Acharya, assistant information officer at the Rastra Bank. ’
According to Acharya, the work of preparing the monetary review has already started in the Department of Economic Research. “There’s still time left. However, the monetary review will come before the budget,” he said.
Acharya said that the monetary review will come accordingly as the country’s economic indicators are positive. “There won’t be a big change,” he said.
The government has appointed economist Biswanath Poudel as the new governor of the central bank after a month and a half. A meeting of the Council of Ministers held on Tuesday appointed Poudel as the governor.
According to the Rastra Bank Act, a new governor has to be appointed a month before the end of the governor’s term in the central bank. Governor Maha Prasad Adhikari’s term ended on April 14. However, the appointment of the governor has been delayed due to lack of political division.
Newly appointed Governor Bishwanath Poudel has said that the Rastra Bank would make necessary policy arrangements to make the economy dynamic. During his tenure, Poudel also said that he would maintain the balance between monetary policy and finance policy.
Newly appointed Governor Poudel has also said that necessary policy arrangements will be made to bring the credit flow of banks back on track. He said that the supervisory side will be strengthened to strengthen the banks.
The monetary review is expected next week. All sectors are hopeful that newly appointed Governor Poudel will bring appropriate policy arrangements to bring the economy back on track through the monetary review. They hope that all sectors will now be operational as a person who understands the economy has been appointed as governor.
Stock market expert Prem Oli said poudel’s appointment as governor has created a positive atmosphere among the stock investors. “Some policy arrangements need to be revised to bring the stock market back on track,” he said, adding that the newly appointed governor was also well aware of it. ’
According to Oli, Governor Poudel is a person who encourages the private sector and he should work to boost the economy. “He is also positive about the stock market,” he said, adding, “This time we can believe that the demands of the stock investors will be addressed.” ’
