Nepal | April 10, 2020

Pvt sector urges govt for business-friendly policies

Himalayan News Service

Kathmandu, October 29

The private sector has appealed to the government to make necessary amendments in existing policies to ease doing business in the country.

Citing that different policies of the government are not contextual and discourage businesses, traders have said that the government should immediately make its policies and laws friendly to operate businesses in the country.

Meeting the newly appointed Chief Secretary of the government, Lok Darshan Regmi, today, a delegation of Nepal Chamber of Commerce (NCC) urged the government to amend the Black-marketing and Some Other Social Offences and Punishment Act, 1975 citing that the act has become a major hurdle to do business in the country.

“Various policies of the government, including the Black-marketing and Some Other Social Offences and Punishment Act, have become outdated and do not address the nature, problem and demand of the current market in the country,” said Rajesh Kazi Shrestha, president of NCC.

Shrestha said that the government has been troubling traders and domestic businesses in the name of market monitoring.

He stated that the government should amend the existing laws by clearly mentioning jurisdiction of different government agencies while inspecting the market citing that a number of government agencies have been troubling businesses repeatedly in the name of market inspection.

Likewise, the NCC delegation also urged government to reduce the number of public holidays and ensure that banks and financial institutions are open even during public holidays.

Responding to the NCC delegation, Chief Secretary Regmi said that the government will not suppress traders in anyway and will partner with the private sector for business growth and economic prosperity.

Similarly, Regmi also assured the delegation that government will make necessary amendments in existing laws to make them contextual and friendly to doing business in the country.

A version of this article appears in print on October 30, 2017 of The Himalayan Times.

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