Expansionary financial policies

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KATHMANDU: The Confederation of Nepalese Industries, on Sunday, urged Nepal Rastra Bank to undertake expansionary monetary insurance policies to deal with the unfavourable scenario attributable to the coronavirus.

Meeting NRB Governor Maha Prasad Adhikari, a CNI delegation led by its President Satish Kumar More stated that expansionary insurance policies would enhance folks’s entry to finance.

Similarly, CNI additionally stated that NRB and the federal government ought to defer all forms of funds from companies and industries, together with taxes, until mid-July and additional defer fee interval if lockdown is prolonged.

CNI additionally stated NRB ought to urge industrial banks to provide seven per cent curiosity on fastened deposits and 5 per cent curiosity on regular financial savings deposits.

A model of this text seems in e-paper on April 13, 2020 of The Himalayan Times.

The put up Expansionary monetary insurance policies appeared first on The Himalayan Times.

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