PM Oli Calls for Flexible Monetary Policy to Boost Economy

Prime Minister KP Sharma Oli has asserted that the new government was formed to resolve problems surfaced in the country and to make some changes.

During the discussion with office-bearers of the Confederation of Nepalese Industries (CNI) here today, Prime Minister Oli clarified that he did not take the responsibility of the Prime Minister this time just for the sake of it as he had already become the Prime Minister.

He mentioned, “The main objective of the incumbent government is to resolve the existing problems and to strengthen country’s economy. I became the Prime Minister this time with the determination to resolve the problems and to make some changes in the country, and not only for the post. So, the private sector should work together with government believing it.”

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

On the occasion, CNI president Rajesh Kumar Agrawal urged the government to work with high priority to lift up the economy which has slowed down since the last three years.

Stating that although the external sector is encouraging, the domestic economy was still in problem as the productive and construction sectors have been affected the most, he stressed on the need of boosting the morale of the private sector.

The CNI President underscored on making the sluggish economy vibrant through the monetary policy.

CNI former 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 the governing council members Shiva Ratan Sharada, Yogeshwar Lal Shrestha and Bal Krishna Shrestha, among other officials, shared on the present condition of the economy and gave suggestions to the PM on ways of improving it.