Maha prasad adhikari, Politician

Nepal Rastra Bank (NRB), the central bank of Nepal, Governor Maha Prasad Adhikari on Tuesday called for higher investments from India to overcome the challenges posed by the COVID-19 crisis.Addressing a virtual roundtable on 'managing working capital in Nepal and India' organised by the PHD Chamber of Commerce and Industry (PHDCCI), Adhikari said working capital is crucially important to ensure sustained recovery in the economy.He (Adhikari) encouraged the investment from India and ensured the borrowers loans on working capital be provided at reasonable interest rates, according to a statement released by the PHD Chamber of Commerce and Industry after the meeting."In the post-pandemic times, the unprecedented crisis is yet not completely over as the low demand, under-utilised industrial potential and liquidity crunch are posing serious challenges to the industry," said Amb K V Rajan, Chair, India-Nepal Centre, PHDCCI & India's Former Ambassador to Nepal."In particular, industry in Nepal is facing it acutely and this initiative is meant to voice the concerns of the industry for timely policy interventions to ease the situation for doing business," Rajan said while addressing the virtual roundtable.The PHDCCI hosted the meeting in association with India-Nepal Centre (INC), the Confederation of Nepalese Industries (CNI), and Nepal SBI Bank Ltd (NSBL).Speaking at the event PHDCCI President Pradeep Multani said while the world is self-assured to see a sort of re-set, it is the time for the government and industry to reckon the urgency of figuring out their immediate priorities, including on supporting the Micro, Small and Medium Enterprises (MSMEs) and Exports, the backbones of the economy."A change in approach is much needed at this point of time, before the fundamentals of the world order go into reset mode, there should be a determination to revive the MSMEs and industries at large to support the much-needed demand factor of the economy with enabling a supportive institutional financial mechanism for managing working capital needs. This is the time for proactive collective action to come out of the trying time with a blueprint for revival of the economy," Multani said.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Maha Prasad AdhikariFOLLOW

Maha prasad adhikari, Latest News

International :Nepal, India to sign cross-border digital payments deal

Kathmandu, April 11 Nepal and India are set to sign an agreement for cross-border digital payments using e-wallet, ... ...

International :Nepal SC issues interim order to block decision to suspend Central Bank Guv

The Apex Court of Nepal has issued a short-term interim order not to implement the government's decision to suspend Central Bank's Governor Maha Prasad Adhikari. ...

National :Meet Neelam Dhungana Timilsina, Nepal's first woman central bank governor

New Delhi, April 14: Amid fast depleting foreign exchange reserves in Nepal, all eyes are now on the country's ... ...

International :Nepal curbs imports of cars, cosmetics as it gets compared with Sri Lanka

Kathmandu, April 12 Nepal has restricted imports of non-essential goods, including cars, cosmetics and gold, after its foreign ... ...

International :Nepal's Central Bank Governor sacked

A meeting of Council of Ministers has decided to sack Nepal's Central Bank incumbent Governor Maha Prasad Adhikari and start a probe accusing him of leaking crucial information and failing to complete his duties. ...

Business :Nepal central bank Governor pitches for higher investments from India

Nepal Rastra Bank (NRB), the central bank of Nepal, Governor Maha Prasad Adhikari on Tuesday called for higher investments from India to overcome the challenges posed by the COVID-19 crisis. ...