No law that affects private sector will be made: PM Prachanda

By TRN Online, Kathmandu, Apr. 21: Prime Minister Pushpa Kamal Dahal 'Prachanda' has assured the business community of not making any laws that affects or seeks to limit private sector or commerce and industrial sector.

Prime Minister Prachanda said so at a meeting with the newly elected office bearers of the Federation of Nepal Chambers of Commerce Industry (FNCCI) at Baluwatar today.

On the occasion, the PM also congratulated the newly elected officer bears of the FNCCI.

During the meeting, FNCCI Chair Chandra Dhakal has drawn attention of the Prime Minister to the issue that a Bill was being proceeded with a view to covering the private sector in the jurisdiction of the Commission for the Investigation of the Abuse of Authority (CIAA).

Chair Dhakal also pointed at the need to include private sector in the portfolio, simplify monetary policy, to bring about policy and structural reform to improve capital expenditure, to introduce policy for promoting national industries and export and tacking challenges of economy in cooperation with the private sector.

In response, PM Prachanda referred to the constitution that stipulates provision for promoting private sector and entrepreneurship and made it clear that the government will not introduced any laws that will have adverse effect on the private sector, particularly at this time when economy was going through unprecedented challenges.

"Economy is still reeling under challenges. At this situation, challenges of economy can be tackled by a strong cooperation that also addresses interests of both the government and the private sector. I am clear that we cannot address national challenges by ignoring and narrowing down the role of the private sector. There will be no law that targets to limit or makes adverse impact on the private sector," said Prime Minister Prachanda.

PM Prachanda also assured of including the private sector in the portfolio, and expressed his confidence that there will be strong cooperation between the government and the newly elected FNCCI executive team.