Kathmandu. Prime Minister Pushpa Kamal Dahal has said that the government is looking for various measures to reduce the interest rate of banks. In a discussion held with the representatives of the bank and financial sector on Monday afternoon at the Singh Durbar, the Prime Minister said that the government is serious about improving the economy.
I organized this meeting. We are in constant discussions to reduce the pressure that has appeared in the economy. We are looking for ways to reduce bank interest rates. We will come to a conclusion soon,” said the Prime Minister in the meeting, adding that the pressure of foreign exchange reserves is feeling a little easier. Now there has been an improvement in foreign exchange reserves and remittances.
Prime Minister Dahal mentioned that he is also thinking about having a comprehensive discussion with the representatives of the private and government sectors before making the budget. We cannot solve the problem by blaming each other, the government and the private sector can only take the challenges and pressures of the economy in a positive direction by helping each other,” said the Prime Minister. Both national and international reasons are responsible for the crisis in the economy. This includes earthquakes, covid, and wars in Russia and Ukraine. There are also restrictions on imports and exports. We are very serious about increasing revenue collection and controlling revenue leakage.
He said that even if only the monitoring is tightened, the economy will improve, so the emphasis will be placed on it. We cannot address the liquidity problem without facilitating real estate transactions. Therefore, we will come to a quick conclusion in this too, said Prime Minister Dahal, Those who take loans from the bank but do not pay should not be left out. Such anarchic tendencies cannot be discounted. Hulhujjat cannot be done easily, the government is strict about it.
In the discussion, the representatives of the bank and financial sector, including the executive officers of various banks, said that the government should pay attention to the safety of the bank and its employees and that they will move forward according to the request of the government to address the concerns of businessmen and ordinary citizens.
In addition to the Prime Minister, Finance Minister Prakasharan Mahat, Nepal Government Chief Secretary Shankardas Bairagi, Nepal Rastra Bank Governor Mahaprasad Adhikari, Home Secretary Vinod Prakash Singh, Finance Secretary Toyam Rai, and other officials were present in the meeting.
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