NCC asks govt. to increase capital expenditure

Kathmandu, March 18: The Nepal Chamber of Commerce (NCC) has urged Finance Minister Barsha Man Pun to ensure policy provisions to create employment and increase production by making higher capital expenditure.     

A team of the NCC led by its President Rajendra Malla met Finance Minister Pun on Monday and called for policy provisions to increase production and create more employment by improving the state of capital expenditure to bring back the country's economy on right track.     

The NCC has asked 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 has said the new fiscal year's budget should prioritize on making the economy more dynamic and expand the economic activities.     

During the meeting, President Malla argued that youth would get employment at home if multinational companies were attracted 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)