Corona virus Covid-19 has spread worldwide. Industry, business, hotel tourism sector has been badly affected.
Corona's impact on Nepal's economy has been even greater. According to economists, the recovery will not be fast in more than 90 percent of the areas due to the corona.
According to Shekhar Golchha, senior vice-president of the Federation of Nepalese Chambers of Commerce and Industry, it will take a long time to restore the negative impact of the current situation.
According to Golchha, the private sector is not convinced that the ADB is still growing Nepal's economy by 4.5 percent.
The government has now incurred a loss of over Rs 400 billion. The government has incurred a deficit of Rs 120 billion in revenue collection alone. More than 500,000 youths living abroad are preparing to return to Nepal. How to provide them employment in Nepal is challenging.
It is not certain that many industries still operating in Nepal can survive in uncomfortable conditions. Continuing to run industries is a big challenge.
The report has been prepared by the Federation of Nepali Chambers of Commerce and Industry (FNCCI) after studying how to bring the interest rate to 5 percent for 3 to 5 years. For that, NRB should relax its rules.
According to the Federation of Nepali Chambers of Commerce and Industry (FNCCI), the government has been able to make the money available in the treasury of the National Bank at 2 percent to commercial banks and 3 percent including service fee to 5 percent.