NRB, FNCCI sign MoU to formulate comprehensive economic policy « Khabarhub
Thursday, July 25th, 2024

NRB, FNCCI sign MoU to formulate comprehensive economic policy

03 November 2023  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU: A memorandum of understanding has been reached between Nepal Rastra Bank (NRB) and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) to formulate a comprehensive economic policy and enhance the industrial and business environment.

In the presence of the Governor of the central bank Maha Prasad Adhikari and the FNCCI President Chandra Prasad Dhakal, the MoU was signed by Dr. Prakash Kumar Shrestha, executive director of the bank’s research department, and the FNCCI Director-General Gokarna Raj Awasthi amid a function here today.

According to the agreement, the bank and FNCCI will conduct a fact-based study on various issues. On the occasion, saying that the agreement had created an opportunity for the two institutions to go ahead hand-in-hand, Governor Adhikari expressed the hope that it would help increase the participation of the private sector in policy-making in the days to come.

Similarly, thanking the central bank for its cooperation with the private sector, FNCCI President Dhakal offered his confidence that the MoU would help in formulating a reality-based policy in the future apart from helping disseminate the right information.

According to the MoU, the FNCCI and member organizations will provide the required information for the bank to carry out a study while the bank is required to provide required technical assistance for the FNCCI to conduct a study. A joint research will also be carried out in need.

A facilitation cell will be created to implement the agreement that will be valid for five years.

Others present on the occasion were the Rastra Bank Deputy Governor Dr Nilam Dhungana, the FNCCI senior vice president Anjan Shrestha, and vice presidents Surkrishna Baidhya, Hemraj Dhakal and Jyotsana Shrestha.


Publish Date : 03 November 2023 20:32 PM

Khandbari Hospital overwhelmed by surge in dengue and viral cases

KIMATHANKA: Khandbari Hospital in Sankhuwasabha district is experiencing a shortage

Madhav Nepal expresses concern over potential party split

KATHMANDU: Chairman of the CPN (Unified Socialist), Madhav Kumar Nepal,

Karnali Province records 112 road accident fatalities in a year

SURKHET: Karnali province recorded 1,445 road accidents in the past

Herbs worth Rs 81 million exported via Kakadbhitta in last fiscal year

JHAPA: Herbs valued at approximately Rs 81 million were exported

Gold price drops by Rs 2,400 per tola

KATHMANDU: The price of gold in the domestic market fell