Stories Tagged 'Private sector'
Nepal’s private sector has long been complaining that the high interest rates charged by banks had increased their production costs. Banks have been reluctant to revise interest rates citing a shortage of loanable funds.
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The country’s private sector on Thursday urged the business fraternity from SAARC member nations to invest in Nepal, saying that the government has adopted lenient policies to boost investment in the country.
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The private sector has gained notoriety in recent days by becoming part of high profile corruption cases, whether it is their role in tax scams, illicit financial flows, cost escalation of public infrastructure projects, opaque dealings in airplane procurements or encroachment of public lands.
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The UK’s Skills for Employment Programme on Wednesday launched its Challenge Fund, inviting the private sector to present their ideas on skill building with the goal of creating jobs opportunities for women and disadvantage groups and encouraging migrant workers to utilise their experience in the country.
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The government will have to act on its promises consistently to attract potential investments
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Nepal Rastra Bank on Sunday urged bankers to implement best-practice monetary policy, which is crucial to boost capital from the private sector, in order to accelerate economic growth.
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