Nepal Chamber of Commerce chair Mr. Rajendra Malla again demands to cut down on growing bank rate; urges to protect the industrial and commercial sectors of the nation

Chairman of Nepal Chamber of Commerce Mr. Rajendra Malla has reiterated the ill effect of the increasing rate of interest to the business community of the nation.

Chairman Malla urged the government and other line bodies to step in at the earliest so as to preserve the national economy at the 15^th AGM of the CNI Rupandehi where he suggested the central bank reduce the current spread rate by 1%, cap premium on base rate to 2%, allow to mobilize 95% of the unspent government funds of the local government as loans, as per the media statement.