December 13: Six organizations of industrialists and entrepreneurs from Syangja have submitted a 10-point demand to the Ministry of Finance and Nepal Rastra Bank. 

Industrialists and entrepreneurs have jointly submitted the memorandum to the Rastra Bank and Finance Ministry through Waling Area Administration Office, drawing a serious attention to Nepal Rastra Bank’s directives and current working capital guidelines-2079 BS. 

Waling Industry Association, Synagja District Federation of Nepalese Chamber of Commerce and Industry, Galyang Chapter of FNCCI, Bhirkot chapter of FNCCI and Chapakot chapter of FNCCI have submitted the memorandum. 
 

The memorandum states that liquidity crunch had led to the rise of interest rates, hitting businesses and enterprises hard. They have demanded that government and Rastra Bank slash the interest rates on lending at single digit. 

Entrepreneurs bemoaned that banks would have to cooperate during the crisis in economy. They have underlined the need to control the rising interest rate and make liquidity available. They have also demanded to keep spread rate within 3 per cent. 
 

Earlier, industrialists and entrepreneurs had staged a peaceful rally with slogans. Area Administration Office Waling Chief Ghanshayam Gautam said that he would send the memorandum to the concerned agencies at the earliest.