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“Increasing the capital base will favour a better future of banks and financial institutions.”
Dr Yuba Raj Khatiwada, Governor of Nepal Rastra Bank arguing that the current capital base of banks and financial institutions is not enough for long term financial autonomy and discussions with stakeholders are going on about raising the capital base.
“Rent seeking bureaucracy and the private sector in search of protectionism have attacked the Foreign Investment and Technology Transfer Act.”
Dr Bhola Chalise, former Industry Secretary alleging that the bureaucracy and the private sector are both criticising the act.
“Every Nepali must be attached to tourism.”
Tejendra N Shrestha, President of Restaurant and Bar Association of Nepal pointing out that the general public does not realise that they are directly or indirectly associated with the tourism industry of the country. He says that the tourism sector will help Nepal achieve 7 per cent economic growth.
“One should not expect much from NRN.”
Jiba Lamichhane, President of Non- Resident Nepali (NRN) Association saying that NRNs are struggling for being established and it would be wrong to have too much of expectations on them for making investments in Nepal.
“The target of 7 per cent economic growth by 2015 is possible only if the existing government can change some policies as required to expedite capital expenditure.”
Dr Chiranjibi Nepal, Principal Advisor at Ministry of Finance arguing that the current government can change the policy to expedite capital investment and propel economic growth.
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