KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has worried that the bi-annual review of the monetary policy of current fiscal year could affect the economic activity that has grasped a momentum, struggling with the COVID-19 pandemic.
Although conducting a study on concessional loan in the productive sector would help assist in industrialisation, the FNCCI has stated that trade, business and investment would be affected as most of the recommendations of the private sector were not addressed.
Releasing a viewpoint of FNCCI today, it said chances remain of crises remain high for businesspersons and financial institutions despite knowing the fact that deposits collection on the banks and financial institutions could not increase amid the interest rate in the deposit.
The FNCCI has drawn attention of the central bank towards adverse impacts on production, price hike, revenue collection and employment generation as the review was focused on imports reduction.
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