Business leaders seek political stability for economy

Business leaders have expressed concerned over the political instability in the country that have direct negative impact in the economy.

During the interaction here in the capital on Thursday, they also urged the political parties to forge consensus among them and introduce full-fledged budget to save economy.

Speaking at an interaction, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president Suraj Vaidya put forth a question to the political parties “When will the national consensus government be formed?”

Stressing on the political situation, Vaidya also said that if the parties keep on engaging in divisive politics then the economy will deteriorate further and which may be very difficult to resolve.

He also urged the government and political parties to create investment-friendly environment to attract foreign investment along with favourable labour law.

Similarly, FNCCI senior vice-president Bhaskar Raj Rajkarnikar said that government has been adopting “controlled economic policy” in the name of “open economic policy”.

He also stressed that the government present partial budget as this will affect the investment of private sector along with affecting overall economy.

Similarly, FNCCI vice-president Pradeep Jung Panday said that if the situation remains same government’s announced Nepal Investment Year
2012/13 with an aim of attracting foreign investment will not be successful.

The construction business is also hit hard by the one-third budget, said Federation of Contractor Association (FCAN) president Jayaram Lamichhane, and urged the government to introduced the full-fledged budget after forging consensus among the parties. nepalnews.com