Attention of the government by the private sector to guarantee security and prevent impunity
Finance Minister Rameshwar Khanal has said that the government is constantly trying to increase the morale of the private sector.
Finance Minister Khanal expressed this opinion in a meeting with Nepal Chamber of Commerce and Industry President Chandra Prasad Dhakal, Nepal Industry Confederation President Birendra Raj Pandey and Nepal Chamber of Commerce President Kamlesh Kumar Agarwal.
The government has announced revenue discount, banking concessions and insurance facilitation programs for reconstruction. He mentioned that once the reference price is abolished and the online database system is implemented in the customs, transparent transactions in the market will be facilitated.
The presidents of representative organizations of the private sector praised the government's steps. All the three organizations have requested their members and businessmen to use the new database system installed as per the demand of the private sector. The system, which was inaugurated by Finance Minister Khanal on October 9, is expected to address businessmen's complaints regarding the reference book, which is amended every six months.
Through this system, the price details of all items that have passed the inspection will be collected. According to the government, this system is a digital resource that can be used to analyze and compare goods at customs, which will help in identifying the transaction value. During the
meeting, the representatives of the private sector mentioned that the infiltration during the youth movement for positive change has attacked the private sector, which contributes 81 percent to the economy and has 86 percent share in employment. He drew the attention of the government to take immediate legal action saying that the private sector will be further discouraged if action is not taken against those involved in such infiltration, looting and arson.
The presidents of the three organizations in the private sector have said that they will continue to work to maintain zero tolerance against corruption. In addition, the government also emphasized that entrepreneurs should create an environment where they can work freely.
Stating that the government is addressing the demands of the private sector as soon as possible, the presidents urged the entrepreneurs that the private sector should also work honestly in accordance with the code of business ethics.
Stating that although the main goal of the current government is the election, there is an opportunity to lay the foundation for reform, they stressed that all stakeholders should be reassured by holding a multilateral finance conference under the leadership or involvement of the private sector to attract investment and resources. They also informed that the private sector is ready to help and cooperate in conducting elections on time as the election will strengthen the open market and democratic system.
