FNCCI special meet on June 13

Kathmandu, May 24:

The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has decided to organise a special general assembly on June 13 in Pokhara to finalise private sector’s views on economic policies.

The executive committee of FNCCI on Friday has also decided to give a final shape to

‘Economic Vision’ at the upcoming meeting, which will be later presented to the government as private sector’s vision on economic policies for new Nepal.

The meeting will also finalise suggestions for upcoming budget for the fiscal year 2008-09. FNCCI has already called suggestions from its members for the budget as well as economic vision, states a press release issued today.

The apex body of Nepali private sector has also formed a taskforce to strengthen its secretariat with Bhasker Raj Rajkarnicar, second vice-president of FNCCI as coordinator. The taskforce comprises representatives from district/municipal, commodities and associate members of FNCCI.

The meeting also approved a proposal to intensify campaign to annul Kawadi Kar (scrap tax).

FNCCI president Kush Kumar Joshi expressed concern over recent incidents of strikes, abduction, extortions and murders.

The private sector had hoped that the situation would improve a lot after successful elections to the constituent assembly, but it is likely to deteriorate further, he said.

Joshi stated that skyrocketing prices of food items and construction materials as well as acute shortage of petroleum products have hit hard the national economy in general and common people in particular. He asked the government to take the issues seriously and immediate rescue measures.