Govt Adopts Policy against Same Individual Owning Business and Bank

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Govt Adopts Policy against Same Individual Owning Business and Bank

February 18: The government has made legal arrangements to address the problems arising from the same individual or group owning both businesses and banks, according to Prime Minister Pushpa Kamal Dahal.    

Responding to the queries raised by MPs at a meeting of the House of Representatives on Sunday, Prime Minister Dahal said further policy and legal reforms are also being made towards this end.

"If the limited resources of the country are confined to a selected few then it will invite various risks and also limit the outcome only to those few," he said while pointing out to the provision that puts a limit on an individual or group to acquire loan from banks.    
On a different note, Prime Minister Dahal said the government has given high priority to increasing domestic production and job creation.

"The government has launched the campaign of Domestic Employment Promotion Decade to create employment opportunities within the country," he said, "There are initiatives to increase investment in the productive sector with priority for dometic labor in the country itself."    

Prime Minister Dahal also shared that the format of the Prime Minister's Employment Program will be changed and will be linked to the outcome to make it more effective. -- RSS    
    

 

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