Apr Sat 2023 05:43:01
469 views
Kathmandu. The spokesperson of the Nepali Congress Dr. Prakasharan Mahat has become the finance minister. He took the oath of office and secrecy before President Ramchandra Paudel.
Along with industrialists, bankers are also complaining that the economy of the country is not satisfactory and the investment environment is not being created. At this time, the entry of Finance Minister Mahat, who came to take over the reins of the Ministry of Finance, has been closely watched by many.
Having assumed office as the Minister of Finance, he has tried to touch all sectors and agencies of the economy. The government's economic adviser has asked the Rashtra Bank to work together and has also expressed his opinion on the interest rate charged by banks and financial institutions.
Many have taken the bank's interest rate as the main problem and challenge at present. Industrialists are opposing the interest rate of the bank as the main issue. However, Finance Minister Mahat believes that he will take the initiative to reduce the interest rate. This expression of his can help to "touch the heart" of industrialists.
In other words, it is understood that he is well aware of the fact that the 'positive vibes' of industrialists may arise towards him in the beginning. He has also indicated that he is in favor of not increasing taxes.
He thinks that increasing the tax rate will be his main priority. He said that the government wouldn't increase tax on the industrialists to revenue by bringing in investments. Currently, the Ministry of Finance is preparing the budget for the next fiscal year 2080-081. After Finance Minister Mahat indicated that he would not increase taxes on the first day, he seems confident that this can also lead to more positive discussions.
Finance Minister Dr. Mahat said that the declining share market and the recession in the real estate business are disappointing the investors now they will work with the cooperation and coordination of various agencies.
Finance Minister Mahat has shown a 'green signal' towards these two sectors. Many people expect that this green signal of his can certainly make investors happy, but the idea that he has put forward today is to attract everyone's attention at the beginning and create a positive attitude towards himself.