Finance Minister Dr. Prakash Sharan Mahat has shared that all the indicators of the country’s economy are improving.
At a program organized by the Nepal Trade Union Congress at Lalitpur today, Finance Minister Mahat mentioned that the arrival of tourists is increasing, the interest rate of banks and financial institutions is decreasing, and remittances are on the rise. “Indicators of the economy are now improving. We tried to make monetary policy liberal to some extent by holding a discussion. Industry and business would become stronger gradually. “The demand for workers will also be increased,” he stressed.
The Finance Minister laid emphasis on the fact that the Trade Union should play a significant role in creating employment opportunities for jobless people. He expressed the belief that workers and entrepreneurs should know each other through continuous talks and should make their relations friendly.
Minister Mahat added that the government is going to organize an investment summit in May to bring in investment in Nepal. Stating that the cost of industrial goods produced in Nepal could not be reduced as compared to imported goods, he expressed the view that the remuneration of workers has not been timely increased due to low productivity. ‘There is a challenge among us to increase productivity. The development of infrastructure is necessary for the same’, explained the Finance Minister, adding that infrastructure development is a priority for the government.
Stressing the need for appropriate utilization of workers’ knowledge and capacity, he drew attention to the fact that industrialists should use new technology to reduce costs and trade unions should develop the capacity of workers.