Current economic outlook worries pvt sector

KATHMANDU, Nov 24: Private sector leaders have urged the political parties to forge consensus so as to end the political uncertainty that has inflicted huge economic loss to the country.



“Our country is lagging behind in terms of economic activities due to prolonged political uncertainty in the country. It is high time for the political parties to forge consensus to bail the country out of the current economic mess," said Suraj Vaidya, president of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) while inaugurating the 31st Annual General Assembly of Nawalparasi Chamber of Commerce and Industry on Saturday.[break]



He also expressed dissatisfaction with political parties for not forging consensus on full-fledged budget, which is crucial for economic development of the country."The country has plunged into yet another economic quagmire as the government failed to come up with a full-fledged budget," said Vaidya.



The government had announced two-third budget on Tuesday through ordinance without consultation with the opposition parties. He also warned that absence of full-fledged budget would have a negative impact on hydropower and infrastructure projects.



Guna Nidhi Tiwari, central member of FNCCI also asked the political parties to keep economic sector away from the influence of politics.



Devenra Raj Kandel, former state- minister for Home Affairs, also stressed the need for an immediate end to the existing political stalemate to pave the way for smooth functioning of economy.

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