Policy against same individual owning business and bank, says PM Prachanda

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said that the government has made legal arrangements to address the problems arising from the same individual or group owning both business and bank.

Responding to queries raised by MPs at the meeting of the House of Representatives today, Prime Minister Prachanda said further policy and legal reforms are also being made towards that end.

“If the limited resources of the country are confined to a selected few then it will invite various risks and also limit the outcome only to those few,” he said while pointing out the provision that puts a limit on an individual or group to acquire loans from banks.

On a different note, the Prime Minister said the government has given high priority to increasing domestic production and job creation.

“Domestic Employment Promotion Decade is being observed as a campaign to create employment opportunities within the country,” he said, “There are initiatives to increase investment in the productive sector with priority and to use domestic labour in the country itself.”

Prime Minister Prachanda also shared that the format of the Prime Minister’s Employment Program will be changed and will be linked to the outcome to make it more effective.

He said that the government is committed to the implementation of fundamental rights and preservation of indigenous people in civil service. “The government is serious and committed to creating the necessary laws to protect the constitutional rights of the marginalized and underprivileged communities including the Tharu”, said PM Prachanda.