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stakeholders, who had been protesting against the government and Nepal Rastra Bank (NRB) for the past one month, have withdrawn their protests after the government pledged to address their demands.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

KATHMANDU, Aug 9: Businesses and industries have cut one fourth of jobs during the lockdown imposed by the government to combat the spread of coronavirus, a survey by the Nepal Rastra Bank (NRB) has found.

KATHMANDU, May 20: The government has been reluctant to come up with a stimulus package as demanded by the private sector leaders to help the economy regain its footing.

KATHMANDU, April 24: The private sector has called attention of the government to the impact of COVID-19 pandemic and the lockdown on the economy and its cumulative adverse effects.

KATHMANDU, March 20: At a time when the COVID-19 menace looms over the economic life of the country, the big corporate houses appear to be taking a back seat in the exercise of social responsibility.

KATHMANDU, Feb 26: Current vice president of Federation of Nepalese Chamber of Commerce (FNCCI) Chandra Prasad Dhakal on Wednesday formally announced his candidacy for the post of senior vice president of the FNCCI.

KATHMANDU, Sept 13: It is an opportune time to put in place mechanisms to mobilize private sector solutions for infrastructure development in Nepal, a new World Bank assessment has concluded.

KATHMANDU, July 1: Prime Minister KP Sharma Oli has said that the government will not provide the state-run Nepal Airlines Corporation(NAC) with money even in an insignificant amount under the existing circumstance.

KATHMANDU, May 31: Access to finance has emerged as the biggest obstacle to Nepali firms after the country headed toward political stability and stable supply of electricity, a recent survey carried out jointly by Nepal Stock Exchange (Nepse) and The Milken Institute (MI) shows.

Post-summit challenges

April 16, 2019 01:05 am

Foreign Direct Investment (FDI) is an effective instrument for promoting sustainable development in Least Developed Countries (LDCs) like Nepal. Realizing this fact, the government of Nepal has organized three investment summits so far. First was in 1992 following the restoration of democracy. The investors attending the summit had pledged investment of approximately $100 million, but only around 25 percent of the pledged amount was realized.

Post-summit thoughts

April 14, 2019 02:05 am

Before and even after Nepal Investment Summit 2019, there have been debates for and against such investment promotion event. Some claimed this is not the right time to organize the event when investment-friendly environment is still elusive in the country. Others went to the extent of saying that it would be a mistake to go for such summit without evaluating the achievement of 2017 summit.

Whose Investment Summit?

April 9, 2019 01:25 am

Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.

KATHMANDU, April 8: Prime Minister KP Sharma Oli has said that a policy has been adopted for moving ahead forging a partnership with the private sector for industrial progress of the country.

KATHMANDU, March 30: Investors at home and abroad attending the 3rd Nepal Investment Summit have sought full implementation of Nepal government's commitment to put procedural reforms and policies for investment security, while expressing their excitements over favourable environment created for investment in Nepal.

Marshalling foreign investment

March 30, 2019 01:05 am

The government of Nepal has organized Nepal Investment Summit, only two years after holding a similar conference, with more than 600 delegates from foreign governments, multinational institutions and companies around the world. Government has showcased 77 projects with cost of US$ 33.6 billion, and the private sector has proposed 17 projects at $1.8 billion, making the conference price tag $36.4 billion.

KATHMANDU, March 14: Minister for Energy, Water Resources and Irrigation Barsaman Pun has assured the private sector of a viable energy market, at a time when the country’s independent power producers (IPPs) are not so confident about the market.