गृहपृष्ठ ∕ Politics ∕ Finance Minister pledges to resolve issue of high bank interests through new monetary policy Politics Finance Minister pledges to resolve issue of high bank interests through new monetary policy KathmanduPati April 27, 2023 KATHMANDU – Finance Minister Prakash Sharan Mahat has assured that the issue of high bank interests would be addressed through an upcoming monetary policy. In his address to a province-level interaction on formulation of budget and revenue policy for the upcoming fiscal year here today, the Minister said the interest rates would be reduced through the monetary policy. “Private sector knows about causes of economic slowdown,” he said, adding that the liberal monetary political was necessary to address the problem of interest rates. As he shared on the occasion, he has already advised the Nepal Rastra Bank (NRB) to proceed towards that end. “The NRB has taken the matter seriously and I am hopeful of the solution.” Stating that the central bank was an independent body and it had in one circumstance tightened the monitory, he said, “Now it is urgent to act liberally.” He took time to stress the need of increasing capital expenditure and resolving the issues like delayed contract process and site clearance causing hurdles in accelerating the development projects. “Efforts for increasing capital expenditure should be taken from the very first day of fiscal year,” the Minister asserted. Write your comments RELATED NEWS Nepal hospitals suspend OPD services after doctor attack Nepal doctor airlifted after hospital attack sparks protests Sunsari parties urge calm after fatal clash unrest Sunsari District imposes indefinite curfew across multiple areas Trump republicans face tough midterms with 100 days left International rights bodies warn Nepal against political interference in Supreme… Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Before the Ballots: How Oli Lost the Political Narrative2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Nepal “a Buffer State”: Rethinking foreign policy in relative terms4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief6 Jagdamba Group Chairman Shankar Agrawal Arrested7 Nepali Congress provides financial assistance for Samba’s treatment8 TRENDING Dhakal elected FNCCI senior Vice-chair China,too,developing a vaccine for the coronavirus Preparations to ease lockdown in Kathmandu Valley SEE and grade 12 examinations put off Facebook’s old web design to disappear in September Australian Ambassador Budd makes farewell call to Environment Minister Basnet Way should be paved for Deuba to become Prime Minister: Shambhu Thapa Army court orders removal of three personnel
