PATAN, Dec 14: Finance Minister Dr Prakash Sharan Mahat has claimed that all the indicators of the country's economy are improving.
At a program organized by Nepal Trade Union Congress in Lalitpur today, Finance Minister Mahat mentioned that tourist arrivals are increasing, interest rates of banks and financial institutions are decreasing and remittance is on the rise.
"Indicators of the economy are now improving. We tried to make the monetary policy liberal to some extent by holding discussions. Industry and business would become stronger gradually. The demand for workers will also increase," he stressed.
Economy improving, claims FinMin Mahat
The finance minister emphasized that the Trade Union should play a significant role to create opportunities of employment for jobless people.
He expressed the belief that workers and entrepreneurs should know each other through continuous talks and should make their relations friendly. Minister Mahat added that the government is going to organize an investment summit in May next year to bring in investment in Nepal.
Stating that the cost of industrial goods produced in Nepal could not be made less as compared to imported goods, he expressed the view that remuneration of workers has not been timely increased due to low productivity.
"There is a challenge among us to increase productivity. Development of infrastructure is necessary for the same," explained the finance minister, adding infrastructure development is a priority for the government.
Stressing the need for appropriate utilization of workers' knowledge and capacity, he said that industrialists should use new technology to reduce the cost and trade unions should develop the capacity of workers.
RSS
