January 9: The Confederation of Nepalese Industries (CNI) has submitted a detailed report along with recommendations for the reforms in the legal framework for the country's economic development.    
The CNI said that its President Rajesh Kumar Agrawal submitted the report to Prime Minister Pushpa Kamal Dahal on Monday. The report was also shared with Speaker Devraj Ghimire and Chief Secretary of the government, Dr Baikuntha Aryal.    
The CNI has recommended amendment to 28 acts and regulations, scrapping of five acts and unveiling three new acts.    
The CNI has stated that it is essential to reform the laws for making economy vibrant.    
According to Agrawal, the report was prepared following intensive research and consultations with legal experts, industrialists, stakeholders, thematic experts and other stakeholders. Comparative study was also conducted by taking references from different countries, CNI stated.    
Agrawal shared that the recommendations are related to Industrial Enterprises Act, 2076; Industrial Enterprise Regulations, 2078; Income Tax Act, 2058; Companies Act, 2063; Forest Act, 2076; Foreign Investment and Technology Transfer Act, 2075 and others. -- RSS