KATHMANDU, Feb 6: Nepal Rastra Bank (NRB) seems to have fallen behind in meeting its target of the banks’ lending for the private sector due to slow growth seen in the segment in over six months of the current fiscal year.

KATHMANDU, Jan 2: The private sector has criticized the government for bragging about the improvement in external sector indicators to cast a shadow to the existing problems of the domestic economy, stating that the economy is rather grappling with recession.

KATHMANDU, Dec 9: The private sector welcomed the first quarterly review of the monetary policy for the current fiscal year unveiled by Nepal Rastra Bank (NRB) on Friday.

KATHMANDU, Nov 21: The government is going to collect feedback and suggestions from the private sector on what can be done to further revitalize the economy of the country.

KATHMANDU, Nov 12: Private sector lending by Nepali banks and financial institutions (BFIs) increased by Rs 109.03 billion in the first three months of the current fiscal year.

KATHMANDU, Sept 15: Private sector electricity developers have expressed their dissatisfaction over the proposed Electricity Bill 2023, which has been awaiting approval of parliament.

KATHMANDU, Aug 15: The government has started holding discussions with stakeholders including the private sector, donor agencies, development partners and regulatory bodies after expected improvement was not seen in the economy despite the government's positive interventions.

KATHMANDU, July 24: Nepal Rastra Bank (NRB) has been cautiously flexible towards the private sector through the monetary policy for 2023/24.

KATHMANDU, June 17: Hydropower promoters from the private sector have urgently appealed to the government to grant them permission to trade electricity, citing their eligibility to engage in both domestic and international electricity trading.

KATHMANDU, June 17: The private sector is concerned that the investment worth Rs 80 billion made by private investors is at risk as the Gautam Buddha International Airport (GBIA) is not fully operational.

BHAKTAPUR, May 23: The Transport Management Office, Bhaktapur, has given permission to the private sector to conduct a written examination for driving license without informing concerned ministry of Bagmati Province.

KATHMANDU, May 19: Nepal’s private sector has been contributing around 81.55 percent to the Nepali economy, shows a study report unveiled jointly by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and International Finance Corporation (IFC).

KATHMANDU, May 2: Prime Minister Pushpa Kamal Dahal has stressed the need for the cooperation of the private sector for the country's development.

KATHMANDU, April 4: Minister for Industry, Commerce and Supply, Ramesh Rijal, has said cooperation from the private sector was essential to solve the problems relating to the national economy.

KATHMANDU, March 3: Deputy Prime Minister and Minister for Physical Infrastructure and Transport Narayan Kaji Shrestha has asserted that the incumbent government has taken seriously the overall economy and the issues of the private sector.

The NRB has given two and a half years time to the borrowers who are using more than the limit set by the working capital loan guidelines 2079BS to bring them within the limit.

KATHMANDU, Jan 5: Bowing to the pressure of the private sector, Nepal Rastra Bank (NRB) has amended the Working Capital Loan Guidelines 2022.

KATHMANDU, Dec 28: The private sector stakeholders, who had been protesting against the government and Nepal Rastra Bank (NRB) for the past one month, have withdrawn their protests after the government pledged to address their demands.

KATHMANDU, Dec 5: The private sector has come down heavily on the government’s policies that have been blamed for fueling the current financial crisis in the country.

KATHMANDU, Nov 18: The government has requested the private sector to give two days of public holiday in their industries, corporation and offices for the November 20 elections to the House of Representatives and the Provincial Assembly.

KATHMANDU, Nov 8: The promotion of biogas in the country is not encouraging due to the lack of friendly policies and working procedures. Though the private sector has the leading role in the promotion of the biogas technology in the country, it faces hurdles to deliver expected results in absence of revisions in the grant policies compatible with the time and absence of private sector–friendly policies and working procedures, stakeholders claimed.

KATHMANDU, Nov 3: Private sectors have blamed the deepening liquidity crisis in the country’s banking system to the defective policies implemented by Nepal Rastra Bank (NRB).

KATHMANDU, Oct 1: The government has expedited preparations to bring an ordinance to amend the Electricity Act, 2049 BS to pave the way for private sector’s involvement in power trade.

SINDHUPALCHOWK, Sept 24: The operation and management of the Tatopani dry port customs office at Tatopani– one of the two main gateways for trade between Nepal and China– will be done through the private sector for the first time.

KATHMANDU, August 19: The government and the private sector have urged Indian investors to invest in Nepal.

KATHMANDU, August 13: Nepali Congress General Secretary Gagan Kumar Thapa has said that the government cannot provide health insurance to the private sector.

KATHMANDU, August 10: The CPN-UML has objected to the fact that the health insurance program is being entrusted to the private sector.

KATHMANDU, May 18: The government has planned to involve the private sector in construction of infrastructure projects through the budget for 2022/23.

KATHMANDU, May 2: Finance Minister Janardan Sharma has said that the conflict between the Ministry of Finance and the private sector over tax collection should end.

KATHMANDU, April 29: Finance Minister Janardan Sharma has underscored the need for boosting government-private sector cooperation so that economic development could be realized.

KATHMANDU, April 8: Minister for Energy, Water Resources and Irrigation, Pampha Bhusal has urged the private sector to help build a prosperous Nepal while remaining committed to socialism based on democratic values.

KATHMANDU, March 15: More than 80 percent of seeds are supplied by the private sector in Nepal. The seed companies run by private sectors supply 80 percent cereal seeds and 90 percent vegetable seeds in the country.

KATHMANDU, March 1: Nepal’s private sector has welcomed the ratification of the US-funded Millenium Challenge Corporation (MCC) compact agreement through parliament.

KATHMANDU, Feb 19: Private sector has expressed its skepticism that the mid-term review of monetary policy may not help solve existing liquidity crunch in the banking system as the revised policy has mostly focused on enforcing short-term instruments rather than introducing measures to ensure long term solutions.

KATHMANDU, Jan 28: Minister for Education, Science and Technology Devendra Poudel has said a partnership with the private sector would be forged to bring about good results in public education.

KATHMANDU, Jan 20: Private sector has requested the government to provide subsidies to raise interest rates on the remittance earnings to facilitate migrant workers to send money they earned through banking channels.

KATHMANDU, Jan 20: Finance Minister Janardan Sharma has said that the problems of the private sector would be addressed through policy measures.

KATHMANDU, Dec 18: The government is mulling over involving private sector hydropower producers in cross-border electricity trade, at a time when Bangladesh has expressed its will to purchase electricity from the Nepali private sector.

KATHMANDU, Nov 16: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has said that the government is ready to allow the private sector to trade electricity as per their demand.

KATHMANDU, Oct 7: Nepal’s private sector has come up with a common agenda in support of the controversial Millennium Challenge Corporation (MCC) Nepal Compact, pressurizing the government to endorse the agreement soon.

KATHMANDU, Sept 29: Minister for Energy, Water Resources and Irrigation Pampha Bhusal has assured that the government would resolve the problems of the private sector through dialogue. Inaugurating the national gathering of Cable Television Entrepreneurs today, Minister Bhusal said the government has adopted the policy of carrying out development activities by taking the private sector into confidence.

KATHMANDU, June 9: Private sector has urged the government to waive the additional charge for the COVID-19 affected firms that have been unable to settle the taxes within the mandated time frame.

KATHMANDU, May 31: While noting that the government may face serious challenges in its implementation in view of the ongoing COVID-19 pandemic, private sector bodies have welcomed the budget 2021/22 with a cautious note.

KATHMANDU, May 29: Overall, the budget is very comprehensive. The option of bringing a budget just focused on dealing with the current pandemic has not been taken, and the budget assumes the return to the status quote ante prior to the pandemic in the coming fiscal year. Keeping the forthcoming elections in mind, the budget in many aspects is expansionary and caters to assisting the masses.

KATHMANDU, March 12: The Ministry of Finance (MoF) has sent letters to industrialists seeking their suggestions to promote the production sector in the country.

The private sector can only charge 10 percent extra while providing the vaccination service. This will make COVID-19 vaccine to cost around Rs 2,200 per dose.

KATHMANDU, Jan 11: The private sector has urged the government to allow foreign direct investment (FDI) in primary agriculture production only after assessing prudently the nature of investment.

KATHMANDU, Dec 19: With the government put into pressure to manage financial resources amid slow revenue collection, the Finance Ministry has started requesting private sectors to pay taxes on time.

KATHMANDU, Nov 30: Finance Minister Bishnu Prasad Poudel has said that the government will move forward hand in hand with the private sector.

KATHMANDU, Sept 7: The private sector has urged the government to allow businesses to operate by maintaining the safety protocols prescribed by the government against COVID-19.