PM Shah suggests NRB Governor to facilitate stock market, entrepreneurship promotion

Kathmandu: Prime Minister Balendra Shah has taken special initiative to ensure the national economy is more dynamic and robust.

In this regard, PM Shah held a discussion with Nepal Rastra Bank Governor Dr Bishwanath Poudel at the former’s office on Thursday and gave suggestions to adopt facilitation and flexibility in the monetary policy for the overall economic growth, stability of the stock market and promotion of entrepreneurship.

PM Shah viewed that economic confidence could be built through cooperation between the government and NRB. He stressed that NRB should play a guardianship role to keep the morale high of general investors in the capital market.

An environment for investing in the stock market should be ensured to be more comfortable, even by relaxing some of the limitations or restrictive provisions in the monetary policy, he said, adding that positive reforms are awaited in the enterprise sector as well.

The entrepreneurs- big or small- who want to establish industries and create employment should be provided a favourable atmosphere within the country. They should be encouraged to invest without fear.

The schemes of interest rates and loans should also be enterprise-friendly, according to him. In the PM’s view, monetary instruments should be mobilised to mainstream the women entrepreneurs and those from economically and socially backward sections to spur economic activities.

For this, special priority to loan concessions can be considered. On the occasion, Governor Poudel made it clear that NRB was committed to making the monetary policy flexible and timely.

He expressed determination that NRB would not adopt a policy that makes anyone uncomfortable.

RSS