Monday Aug 8, 2022
Monday Aug 8, 2022

FNCCI raises concerns with Finance Minister


Nepalnews
2021 Apr 26, 8:40, Kathmandu

FNNCI has put its concerns to Finance Minister Bishnu Prasad Poudel.

Minister for Finance, Bishnu Prasad Poudel, has said that the incumbent government has been working by accepting the importance of the private sector. 

Receiving the recommendation submitted by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) regarding the upcoming fiscal year's budget on Sunday, Finance Minister Poudel shared that the government has been active in order to encourage the private sector. 

He opined, "The government wants to learn about the difficulties of the private sector. It will address the challenges and issues raised by the private sector."

The finance minister added that the government will move ahead for the economic development of the country by strongly collaborating with the private sector. He further mentioned that the private sector will realise this in the new budget. 

Minister Poudel said that the government was ready to provide support to the private sector and mentioned that the government will incorporate the suggestions of FNCCI. 

FM Poudel said, "Let's work with confidence. The government will extend its support. I as the finance minister am ready to address your challenges."

The FNCCI has urged the government to change the tax rate and ensure promptness in tax administration. It has urged the government to exempt income tax for up to Rs 700,000 income per annum. 

Likewise, the other demands of the FNCCI include protection and development of domestic industries, subsidy on customs rate on the import of machines and their spare parts.  

After the meeting, FNCCI President Shekhar Golchha said that he was hopeful that the government would include the recommendations provided by the federation in the upcoming fiscal year's budget.

READ ALSO:

Federation of Nepalese Chamber of Commerce and Industry FNCCI Finance Minister Bishnu Prasad Poudel Income Tax FNCCI President Shekhar Golcha
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