Nepal Chamber of Commerce reaches out to Governor with 17 point suggestions; urges to bring down the interest to single digit and take care of the shaky stockmarket

Nepal Chamber of Commerce has extended its list of suggestions to Nepal Rastra Bank under which the chamber has urged the central bank to bring down the interest rate to a single digit and to ease the liquidity shortage so as to have stable economic growth in the nation.

Chairman of the chamber Mr. Rajendra Malla has handed over 17 point list of suggestions to the Governor of NRB Mr. Maha Prasad Adhikari who is currently in a process of drafting the fiscal policy for the FY 2079-80.

Likewise, Mr. Malla has also urged the Governor not to allow the banks to charge more than a 2% premium in base rate while they issue the loans. He also urged the governor to take care of the woes of the only security market of the nation during his meeting, as per the media statement. The chamber has also urged the central bank to provide interest to the current provision of a 100% margin in LC-based transactions.