NCC urges Government to Increase Capital Expenditure   

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NCC urges Government to Increase Capital Expenditure   

March 18: Nepal Chamber of Commerce (NCC) has urged Finance Minister Barsha Man Pun to ensure policy provisions to create employment and increase production by increasing capital expenditure.    
A delegation of the NCC led by its President Rajendra Malla met Finance Minister Pun on Monday and called for policy reforms to increase production and to create more employment opportunities by improving the state of capital expenditure to bring back the country's economy on the right track.    
The NCC urged the finance minister to scrap the reference pricing in the customs for the import of goods and give recognition to the transaction pricing and also establish a high quality quarantine lab at customs point.    
Issuing a press statement, the NCC said the new fiscal year's budget should prioritize on making the economy more dynamic and expand the economic activities.    
During the meeting, NCC President Malla argued that youth would get employment at home if the country can attract multinational companies in the field of information technology.    
In response, Finance Minister Pun said the government has taken the policy to keep the private sector's morale high and take the private sector in confidence.    
On the occasion, Minister Pun said there will be no act from the government to terrorize the private sector and shared that fiscal crimes would be addressed by making separate laws. -- RSS

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