KATHMANDU, Dec 7: Home Minister Bal Krishna Khand, Finance Minister Janardan Sharma and Minister for Industry, Commerce and Supplies, Dilendra Prasad Badu have called for the government's intervention saying that the current monetary policy and the interest rates set by banks are going to invite serious problems to the country's economy.
In the cabinet meeting held on Tuesday, Home Minister Khand put forth the view that there would be a serious impact on the industries, businesses and economy of the country if the matter was not addressed immediately. It was also shared at the meeting that many industrialists were calling for the government's intervention as they argued that business operations had become difficult due to the monetary policy and bank interest rates.
Revised interest rate corridor system introduced
On the occasion, Prime Minister Sher Bahadur Deuba said that it is the responsibility of the government to create an environment favorable for operating businesses and industries, and provide security to the industrial sector. Prime Minister Deuba on the occasion also said that he was aware of the issue and would discuss it with all parties concerned to find a solution to the problem.
