July 6: Two private business entities have decided to join hands for economic stability. Nepal Chamber of Commerce (NCC) and the Confederation of Nepalese Industries (CNI) are determined to work together for economic stability and development.    
At a programme organized in the federal capital on Wednesday, NCC Chairperson Rajendra Malla underscored the need of effective coordination for budget and monetary policies.

"We need to cooperate with each other to get private sector' demands fulfilled and the country's economic activities elevated," he said.    
However, Malla rued over downcast morale of the private sector for long reasoning that investment atmosphere was not favourable due to high interest rate. Fiscal stability should be ensured via monetary policy, he said, urging all business entities to exert collective pressure on the government bodies to this end.    
Similarly, CNI Chair Rajesh Kumar Agrawal said that cooperation among private sector stakeholders is essential for effective implementation of the monetary policy. -- RSS