Kathmandu, September 22: During the Gen Z movement, the private sector has suffered a loss of about 80 billion rupees. Delegates from organizations representing the private sector met with Prime Minister Sushila Karki on Sunday to present an initial estimate of the damage. The delegation, which included the presidents of the Federation of Nepalese Chambers of Commerce and Industry, the Confederation of Nepalese Industry and the Nepal Chamber of Commerce, pointed out such initial losses.
In the discussion, Chandra Prasad Dhakal, President of the Federation of Nepalese Industries and Commerce, said that the federation is collecting information about the damage across the country and according to the information available so far, there is an initial estimate of about 80 billion rupees. Dhakal informed the Prime Minister that the details of industries and small and some businesses outside the capital were not forthcoming.
The Federation and other business organizations are conducting surveys across the country to provide details of the damage as soon as possible. In the discussion, the private sector urged for necessary security coordination and cooperation with the government to rebuild, rebuild and revive the economy.
“The private sector is ready to cooperate with us and support the government,” said Chairman Dhakal.
He said that the attack on the private sector during the movement could be seen as a failure to understand the importance of the private sector.
According to Birendra Raj Pandey, President of the Confederation of Nepalese Industry, who attended the meeting, Prime Minister Karki had said that the cabinet meeting would discuss to introduce the necessary policy to solve the problems faced by the private sector. “The Prime Minister has given us an insight into the problems faced by the private sector and the solutions that can be found immediately,” Pandey said.
At the meeting, representatives of the private sector urged that the process of insurance of damages should be expedited and arrangements should be made to pay half of the claim amount at the beginning. Pandey also informed that Finance Minister Rameshwar Khanal has also been sensitive in this regard.
President of the Chamber Kamlesh Kumar Agrawal said that the unimaginable loss suffered by the private sector has now raised serious questions as to why the investment should be made, and urged the private sector to come up with an integrated security strategy and financial easing measures to boost the falling morale of the investors.
In the discussion, representatives of the private sector also demanded to provide loan restructuring and refinancing facilities to the affected businessmen in the movement, to provide exemptions in income tax to attract investment.
In the same way, the affected businessmen have also been asked to give discounts on duty, including customs, on importing goods necessary for concessional loans and building new structures. In the discussion, Federation President Dhakal pointed out that the amount under social responsibility can be used for reconstruction, so it can be shown as an expense and other facilities are needed.
During the discussion, the entrepreneurs brought to the attention of Prime Minister Karki that the current capital loan guidance should be postponed for at least two years, refinancing, interest subsidy and financial assistance should be given immediately.
People’s News Monitoring Service.
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