FM Mahat: All indicators of economy improving

Kathmandu: Finance Minister Dr. Prakash Sharan Mahat has commented on the improving economic condition of the country,

Minister Mahat, while addressing a program organized by the Nepal Trade Union Congress in Lalitpur on Thursday, said that all the indicators of the country’s economy were improving

Minister Mahat said the arrival of tourists is increasing, the interest rate of banks and financial institutions is decreasing and remittance is on the rise. He said, ‘Indicators of the economy are now improving and are trying to make the monetary policy liberal to some extent by holding discussion, where Industry and business would become stronger gradually.’

Minister Mahat even stressed that the demand for workers will also increase and laid emphasis that the Trade Union should play a significant role in creating opportunities for employment for jobless people. He expressed the belief that workers and entrepreneurs should know each other through continuous talks and should make their relations friendly and added that the government is going to organize an investment summit in the coming May to bring in investment in Nepal.

Stating that the cost of industrial goods produced in Nepal could not be made less as compared to imported goods and that the remuneration of workers has not been timely increased due to low productivity.

‘There is a challenge among us to increase productivity and to develop infrastructure ‘, said Minister Mahat. Adding infrastructure development is one of the priorities of the government.

Stressing on the need for appropriate utilization of workers. knowledge and capacity by drawing attention that industrialists should use new technology to reduce the cost and trade unions should develop the capacity of workers.

RSS