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Published on: 2017-01-12     375 times read    0  Comments

Government Should Decline Tax Collection If It Cannot Spend: Industrialists

January 12: Industrialist have questioned Prime Minister that if the government cannot spend the money why should it collect tax. The participants of 66th annual general meeting of Nepal Chamber of Commerce put forward the question to the PM who came for inauguration of the program on January 11.  The industrialists, mentioning that the country is being import based, stressed the government to keep export promotion in priority. Moreover, they requested PM for initiation to solve liquidity problem prevailed in banking sector.

Meanwhile, Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) expressed contentment on receiving electricity for operating industries. He stressed on solving other problems of industrial sector so that to achieve the stated growth rate by the government. Pointing out to the liquidity problems of financial sector, he said "The government should increase the capital expenditure before any monetary crisis arise resulting negative effect in the economy."

After hearing the complaints and suggestions from the industrialists, PM Pushpa Kamal Dahal said that the government is attempting to bring the national politics into right direction as it is the base for economic prosperity of any country. 


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