CNI urges government to bring medium and long term strategy to face economic crisis

Kathmandu - The Confederation of Nepalese Industries (CNI) has urged the government to bring extensive medium and long-term plan and strategy to tide over the adverse situation in the aftermath of the coronavirus pandemic. A CNI delegation made this suggestion to the government during a meeting on Sunday with the Minister for Industry, Commerce and Supplies, Lekhraj Bhatta, the State Minister Motilal Dugad, and the Minister for Energy, Water Resources and Irrigation, Barshaman Pun.

The CNI team on the occasion urged the government to take immediate steps to save the economy and render it dynamic, saying the national economy was passing through a very adverse situation owing to the COVID-19 pandemic. It drew the attention of the government to the need of adopting appropriate monetary and fiscal policy so as to revive the economy, suggesting implementing expansionary fiscal policy.