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Chairman of Rashtriya Janmat Party CK Raut has said that as long as political instability, economic chaos and political and structural corruption exist in the country, it will be very difficult to create an investment-friendly environment or increase economic activity.
On Sunday, the 'Economic Summit 2024' session organized by Kantipur Media Group on 'Economic Mantra: Commitment of Political Leadership' Giving his views, Raut, who is also a Member of Parliament, said that stability is necessary at the leadership level as the problem in the political sphere is also reflected in the economic sector. He expressed the opinion that the problem will remain the same as long as the prime minister and the finance minister are changed before the investors are able to discuss with a leadership and bring in investment.
Raut, who has a real opinion against the notion that corruption and private sector have come to loot along with economic instability, went deeper and said that nothing can happen unless the principles of the country's economic policy are correct. "It is easy here for those who are going to work on the basis of identity. I have stood in line for three hours at three banks for 2300 dollars," he said. Didn't know . From taking a small loan, there are problems like this in everything. I also consider this as corruption.'
Raut opined that since the constitution mentions socialism-oriented economic policy, it needs to be amended. "It is said in the constitution that the government can enact laws prohibiting the private sector if it wants," said Raut. There is a fear that the state will take away your investment at some point. In this way, there is a mistake in our economic policy, at least we should adopt a policy of social democracy in the country, let the private sector invest in the means of production, and give protection. The idea is that the government should intervene only in education and health. '
Raut applied the concept of social democracy to the principles of economic policy, encouraged the private sector by supporting open market and liberalism, emphasized the production-oriented economy, balanced development of agriculture, industry and service sectors, arranged for a directly elected executive prime minister to end instability and in the bureaucracy He made it clear that his party is committed to implementing the system of hire and fire.
