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 India’s voter roll revision sparks protests French student protests escalate into National crisis, hundreds of schools… Australia announces A$15 Million more for flood-hit Nepal US prepares for possible major military strike on Iran, Axios… Government backs efforts to build advertising sector as independent industry Government seeks partners to build shelters for flood-displaced families Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 PM Shah pledges Krishnabhir highway reopening within month6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector Pathao, Tootle resume ride sharing services after authorities relax lockdown What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? The Role of the Nepalese Army in Strategic Road Projects A phone call that paved the way for RAW Chief’s visit to Nepal Impact of Social Media on Nepalese Society Public Relations for a Soldier Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki
