December 22: The Chamber of Industries, Morang (CIM) has drawn the attention of Nepal Rastra Bank (NRB) citing that the current liquidity crisis in financial sector is having implications in the operation of business sector.    
President of the Chamber Suyash Pyakurel and his delegation on Tuesday met with NRB Governor Maha Prasad Adhikari requesting for the central bank’s intervention in the crisis to build conducive atmosphere for trade and industrial sector.    
Pyakurel apprised the governor that banks and financial institutions were finding hard to issue a letter of credit for importing industrial raw materials and they expressed fear that a day would come when they will have to suspend production in the lack of raw materials.    
In response, the Governor Adhikari pledged to address the issues hampering to open the LC for the regular supplies of raw materials required for industries.    
Responding to the delegation’s request for discouraging the import of luxury goods, the NRB Governor said the central bank would bring several fiscal measures into practice to save the nation’s economy from the impact of liquidity crisis.    
A single digit interest rate in loans for productive sector, and the effective implementation of provisions of re-finance and soft loans were among the demands put forth by the delegation before the NRB Governor.    
The delegation comprised senior vice president Pradeep Murarka, vice-presidents Raj Kumar Golchha, Nanda Kishor Rathi and executive committee member Sushil Rijal among others. -- RSS