Communist party's establishment to end poverty: Chairman Nepal

Kathmandu, March 22: Chairman of CPN (Unified Socialist), Madhav Kumar Nepal, has reminded that the communist party was established to end exploitation and poverty in Nepal. The communist party was established in 2006 BS.

Addressing a programme organized by the party-affiliated youth association on the occasion of the 74th anniversary of the communist party here today, Chairman Nepal viewed the communist party established to empower citizens as active in all movements waged in the country.

Once the youths are connected to the production and creative works, it would contribute to development and prosperity, he argued, adding that the stress the global economy is bearing currently has area also created challenges to Nepal's economy. 

The former prime minister of Nepal opined cooperatives are a form of participatory democracy. So, it must work for all people's welfare. 

The model of mixed economy which our country has adopted adheres to three-pillar economy having cooperative, private sector and State working together. The leader suggested for aggregating scattered capital to minimize economic crisis. Nepal further reminded that cooperatives had significant role to mitigate the world recession of 1930.

Association's In-Charge, Dilu Pant, also underscored the need for contributing to social transformation with economic activities that are triggered by cooperatives. (RSS)