Kathmandu. The private sector will always cooperate with the government in the reconstruction, reconstruction and revival of the economy.
Representatives from the private sector made this commitment during a meeting with newly-appointed Finance Minister Rameshwor Khanal at the Finance Ministry on Tuesday. The government has already set up a fund for reconstruction after assessing the damage caused during the recent agitation. “We have suffered losses ourselves,” said Chandra Dhakal, president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). ’
On the occasion, Finance Minister Dhakal suggested the Finance Minister to establish a continuous dialogue mechanism between the private sector and the government for restoring the economy and maintaining good governance, ensuring an environment conducive for the business community to do business with confidence and removing penalty and penalty by extending the time for tax payment.
The federation had demanded an extension of the deadline for submitting the revenue report by the 25th of this month. Newly appointed Finance Minister Khanal has decided to extend the budget by a month.
On the occasion, FNCCI Senior Vice-President Anjan Shrestha suggested that the private sector could also provide support to revive the economy from the amount under its social responsibility.
In the discussion, the representatives of the private sector drew the attention of the government that Nepal is preparing to be upgraded from the least developed country in 2026, but in the absence of preparations, the damage caused by the damage could create problems. Bangladesh, which is facing a similar problem, is trying to postpone the decision to upgrade because it will be deprived of trade facilities. If Nepal does not take a decision on this now, it will be too late.
Dhakal also urged the government to provide loan restructuring and re-scheduling facility to the agitating entrepreneurs and to provide exemption in income tax to attract investment. Stating that the younger generation wanted efficient government services, he stressed the need for all to take initiative for the maximum use of information technology and good conduct. “In such a situation, it would be appropriate to reduce the VAT rate or lower the rate on consumer goods and announce a special package to attract Indian tourists,” he said. Tax exemption, production-based relief and concessional loans for small and medium enterprises are necessary, and the budget can be reviewed and the unnecessary amount can be used for reconstruction,” he said.
Similarly, President of Confederation of Nepalese Industries (CNI), Birendra Pandey, said that they were ready for the revival of the entrepreneurs by strengthening their confidence in the present situation.
Chairman of Nepal Chamber of Commerce Kamalesh Kumar Agrawal said that the private sector has a big contribution to the country’s economy.
Karan Chaudhary, president of NADA Automobile Association, said that despite the huge loss in the auto sector, everyone should work together to revive the sector.
Min Bahadur Gurung, proprietor of Bhatbhateni Supermarket, who suffered huge losses during the agitation, said that they are still willing to contribute to continuous investment, employment generation and revenue.
After the suggestions of entrepreneurs, Finance Minister Khanal said that the government would work for economic improvement with the support of the private sector. He said that the government has decided to extend the deadline for submitting the revenue details by a month as per the demand of the private sector.
During the discussion, the entrepreneurs drew the attention of Finance Minister Khanal that financial concessions including current capital loan guidelines could be postponed for at least 2 years.
