Private sector should be encouraged to build self-reliant economy: Chair Dahal

CHITWAN: Chairperson of the Maoist Centre, Pushpa Kamal Dahal ‘Prachanda’ has said industrialists and entrepreneurs should move ahead keeping the self-reliant national economy in centre. Addressing the third annual general assembly of Federation of Nepalese Industry and Trade at Bharatpur in Chitwan today, Chair Dahal pointed out the need of uplifting the middle-class people to […]

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Private sector should not be brought under CIAA jurisdiction, FNCCI says

KATHMANDU, MARCH 1: The President of the Federation of Nepalese Chambers of Commerce and Industry, Chandrakant Dhakal, has stated that the private sector should not be brought within the jurisdiction of the Commission for Investigation of Abuse of Authority (CIAA).  “The proposal is to allow the corruption watchdog to keep tabs on the private sector […] The post Private sector should not be brought under CIAA jurisdiction, FNCCI says appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Private sector encouraged with budget, opposition criticizes it

The private sector has been encouraged by the budget the government announced on Sunday

Private sector supplies 80 percent of seeds

More than 80 percent of seeds are supplied by the private sector in Nepal

Private sectors to cooperate with sports

The government has put forward the idea of ​​increasing cooperation with the private sector in the field of sports. Private sector participation

Private sector demands endorsement of MCC deal

Three big private sector business associations have called for the endorsement of the Nepal-US Millennium Challenge Corporation (MCC) deal signed in 2017. The post Private sector demands endorsement of MCC deal appeared first on OnlineKhabar English News.

Private sector demands endorsement of MCC

KATHMANDU, October 7: The Private sector business associations have called for the endorsement of the Nepal-US Cooperation Project Millennium Challenge Corporation (MCC). In a joint statement issued on Wednesday, the Federation of Nepalese Chambers of Commerce and Industry, the Confederation of Nepalese Industries and the Nepal Chamber of Commerce demanded that the MCC be passed by the parliament. "We urge the Government of Nepal, all political parties and stakeholders to immediately pass and implement the MCC in the national interest as adequate investment is needed to revive the economy in the aftermath of the COVID-19 epidemic and the MCC has the potential for long-term power export and technology transfer," the statement said. As per the agreement reached between the two countries, the construction of power transmission lines and road maintenance have not progressed yet, the statement said. Timely completion of power transmission line and road maintenance projects, which are of strategic importance in Nepal's development, would help in high economic growth. "The provision that projects under MCC should be completed within five years of commencement can be a model for good governance and development. As MCC projects have been implement in more than 30 countries in Europe, Asia, Latin America and Africa, the private sector is confident of smooth implementation in Nepal as well. We are clear that any infrastructure development, economic growth and job generation activity should not be affected, ” reads the statement.