December 28: The Federation of Nepalese Chamber of Commerce and Industry has reiterated its demand to the newly appointed Prime Minister Pushpa Kamal Dahal to postpone the current working capital loan guidelines for at least 2 years. Due to the current working capital loan guidelines implemented by Nepal Rastra Bank since November, businessmen have been complaining that they are on the verge of shut down.

The businessmen have repeatedly submitted memorandums to NRB, Ministry of Finance and other government bodies demanding the postponement of the guidelines but to no avail. They also expressed their concern on this matter with the top leaders of various parties.

FNCCI presented suggestions reminding the government that NRB should be instructed to use all the monetary instruments to solve the problem of liquidity crunch, as well as suspending the system of current capital loan guidelines for the improving the economy.

President of the federation, Shekhar Golchha stated that the economy has been affected in many ways while the problem remains constant even after the review of monetary policy, and due to the overall banking problem, industrialists are put in a very difficult situation and are forced to come to the streets. He mentioned that the current working capital loan guidelines is the biggest problem for business operations. In a meeting with Prime Minister Dahal, he said, “As the country's economy is currently in a very sensitive state, the entire focus of the newly formed government should be on the revival of the economy.” The federation informed that Prime Minister Dahal consoled them saying that he will study the current capital loan guidelines and put together the Ministry of Finance, NRB and the private sector to solve the problem soon.