PM Deuba and the CNI representatives discuss economic situation of the country

In-depth discussions were held between the representatives of Confederation of Nepalese Industries (CNI) and Prime Minister Sher Bahadur Deuba on thecurrent economic situation of the country, budget implementation, monetary policy, promotion of innovative enterprises and other issues. A delegation led by Bishnu Kumar Agrawal, president of CNI met PM Deuba at his official residence in Baluwatar on Thursday.

The CNI drew the attention of the Prime Minister to the recent economic scenario of the country and the steps to be taken for successful implementation of the budget, according to a press release issued by CNI. “Discussions were also held with the Prime Minister on the issues to be addressed through the forthcoming monetary policy, foreign exchange reserves, and immediate as well as long-term policies to promote investment.” They also discussed the global fuel crisis and its impact on the country’s economy, the CNI added.

CNI President briefed the Prime Minister about the economic condition of the country and the steps to be taken to improve the liquidity crunch fcing the banking and financial sectors. He advised the business community to establish new industries and expand investment and assured to address liquidity problems through the forthcoming monetary policy.

Chairman Agrawal briefed the Prime Minister on the activities of the confederation, the upcoming infrastructure conference to be held on September 8 and 9, and other relevant issues. He expressed his commitment to continue the cooperation in the coming days as the government has been collaborating with the private sector in framing economic policies and programs for the overall economic development of the country. He also informed about the recently concluded CNIYEF Nepal Startup Fest organized by the Confederation of Young Entrepreneurs Forum. He said that 5,000 youths had participated in the fest and Rs. 245 million had been committed for 7 best startups.

The confederation has urged the government to encourage young entrepreneurs. During the discussion, Prime Minister Deuba assured to take the issues raised by the confederation seriously and address them positively. Former president of the confederation Haribhakta Sharma, vice presidents Krishna Prasad Adhikari, Birendra Raj Pandey, director general Deepak Raj Joshi, former president of the confederation Youth Entrepreneur Forum Chang Agrawal among others took part at the discussion.