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Current government to deal with entrepreneurial issues: Minister Rai
Portfolio-free Minister Rajendra Kumar Rai addresses the 18th Annual Meeting of the Nepal National Entrepreneurship Federation (NNFE) in Kathmandu on Saturday. (Photo: RSS)
KATHMANDU: Portfolio-free Minister Rajendra Kumar Rai has vowed that the new government will solve the problems facing entrepreneurs in the country.
At the opening ceremony of the 18th Annual Meeting of the Nepal National Entrepreneurship Federation (NNFE) in Kathmandu on Saturday, Minister Rai pledged to address the issues governing the trade and corporate sector by the new government. repeated.
NNFE is the national umbrella organization for small business owners. With over 10,000 members, he has about 20 associations in the county affiliated with NNFE.
“We are moving towards prosperity. The country is built on the taxes that entrepreneurs pay. The new government is committed to addressing the problems facing entrepreneurs,” the minister said Urged to work with the government to strengthen the national economy.
Similarly, Internal Revenue Service’s New Roads bureau chief, Sashi Batta, expressed concern over smuggling of goods that have surged in the market, saying the government is stepping up surveillance to curb smuggling. He urged all entrepreneurs to operate their businesses within a legal framework.
Similarly, Deepak Malhotra, deputy chairman of the Nepal Chamber of Commerce, sees the country’s economy unable to move forward due to government instability. “It is not a favorable situation to take loans from banks and financial institutions at exorbitant interest rates to run a business. can not.”
Homnath Upadhyay, chairman of the Federation of Handicraft Associations in Bagmati, Nepal, said the government needs to put in place new programs to revive the economy, which has been devastated by the earthquake (2015), economic blockade, and COVID-19 pandemic. said.
Ashok Kumar Shrestha, president of the Nepal Trans-Himalayan Border Commerce Association, accused entrepreneurs of facing problems due to high interest rates in banks and financial institutions (BFIs).
NNFE President Saroj Kumar Shrestha shared that their organization not only works for the welfare of traders and entrepreneurs, but also contributes to social causes. He explained that the NNFE is financially supporting 10 of his students at a community school in Sindhupalchowk district.
He called on the government to abolish the exorbitant interest rates imposed by the BFIs, as they were unilaterally raising interest rates. He also berated that entrepreneurs were facing problems because border points were sometimes closed.
RSS
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