HAN for a hotel-friendly monetary policy

Kathmandu, June 23: The Hotel Association of Nepal (HAN) has suggested Nepal Rastra Bank to introduce a monetary policy that will effectively implement the programs announced for the tourism sector and hotel industry in the budget for the fiscal year 2082/83.     

A delegation of HAN met Nepal Rastra Bank Governor Dr Bishwanath Poudel today and urged him to adopt an appropriate policy for the broader development of the tourism and hotel industry.     

On the occasion, Association Chair Binayak Shah handed over a suggestion letter, including to recognize the hotel industry as a national priority industry, and that it should receive exemptions and facilities similar to special industries and manufacturing industries. It also mentions that interest should be fixed at a base rate of not more than one percent in the case of loans.     

Chair Shah said that policies that would help promote regional tourism, such allowing tourists from Bangladesh and Sri Lanka to pay their local currency should be adopted.(RSS)