FNCCI urges for political consensus, full-fledged budget
REPUBLICA
KATHMANDU, June 13: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the government to forge national consensus among all political parties and bring a full-fledged budget to give continuity to development and pump in new life to businesses.
“We strongly request the government to agree on common minimum economic agendas,” Bhawani Rana, acting president of the FNCCI, said. She also urged political parties to form a national consensus government at the earliest and end uncertainty.
“The failure to bring full-fledged budget for the upcoming fiscal year will have a negative impact in the economy,” Rana told media persons on Wednesday.
The apex body of Nepali private sector has also requested government to extend the deadline for bank loan repayment and provide compensation to the private sector for losses they incurred during bandas and strike in the last week of May. “We request the government to waive off interest amount for the month of May extend loan repayment date by three months,” she added.
FNCCI also lambasted the government for pushing for revenue mobilization without creating environment conducive for businesses. “Unfortunately, the government is pushing for revenue growth at a time when private sector has lost confidence due to factors like strikes, power shortage and labor unrest,” Rana added. “The government should make banda organizers compensate for the loss incurred by businessmen during bandas and strikes.
The federation has also requested the government to ensure security for businesses so that the business sector can operate without any fear. “It is becoming extremely difficult for the private sector to run their business enterprises due to fear of extortion,” Rana said, informing that former Maoist combatants have been collecting cash from businessmen in Makawanpur district.
FNCCI concerned about Narayanghat incident
FNCCI has voiced concerns over recent attack on members of revenue investigation team by Narayanghat-based businessmen.
“We denounce violence. But the modus operandi of Department of Investigation (DRI) in that particular case was not practical,” Bhawani Rana, acting president of FNCCI, said. “The entire business community has lost confidence due to the Narayanghat incident.”
DRI has decided to freeze assets and bank accounts of the proprietors of Laxmi Narayan Bastralaya and Bhagawat Bastralaya. These two apparel stores have been found evading revenue worth millions of rupees.
Businessmen had attacked team members and torched their vehicle after they sealed the stores, suspecting them of evading taxes.
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FNCCI Urges For Political Consensus, Full-fledged Budget
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