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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
<div>
</div>
<div>
<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
<div>
</div>
<div>
<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
<div>
</div>
<div>
<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
<div>
</div>
<div>
</div>
<div>
<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
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<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
<div>
</div>
<div>
<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. Excerpts:
Rajan Singh Bhandari
President, Bankers’ Association
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems.
Anal Raj Bhattarai
CEO, Commerce and Trust Bank
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal.
Hari Bhakta Sharma
Vice President, Confederation of Nepalese Industries (CNI)
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
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<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
</div>
<div>
<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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</div>
<div>
<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
<div>
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</div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
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<em>President, Bankers’ Association </em></div>
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Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
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<em>President, Bankers’ Association </em></div>
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Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
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<em>President, Bankers’ Association </em></div>
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Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
<div>
<em>President, Bankers’ Association </em></div>
<div>
Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
<div>
The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
<div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
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<em>President, Bankers’ Association </em></div>
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Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<div>
<em>CEO, Commerce and Trust Bank </em></div>
<div>
A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
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<span style="font-size: 12px;">The Nepal Rastra Bank (NRB) recently introduced new monetary policy which is encouraging for termed by some as expansionary. The Corporate weekly spoke to concerned people regarding the new policy and collected their opinion. <strong>Excerpts: </strong></span></div>
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<img alt="" src="/userfiles/images/Rajan%20Singh%20Bhandari.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Rajan Singh Bhandari </strong></div>
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<em>President, Bankers’ Association </em></div>
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Banks have suffered not just due to their own fault but also due to those of the NRB. It is like chiding children for not placing a water pot at the right place when the parents bump into it. The NRB only blames the banks. At one point the monetary policy asks the banks to go for project financing in some sectors. This is impractical. We have a different culture. So trying to implement such practice of developed countries here will not work. The issue of reducing the CRR while keeping the credit to deposit and resources rate stable will not boost investment. Also the plan to fix the spread rate is impractical. Fixing the spread rate will result in similar interest rates across all banks and financial institutions and it will lead to another set of problems. </div>
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<img alt="Anal Raj Bhattarai CEO, Commerce and Trust Bank" src="/userfiles/images/Anal%20Raj%20Bhattarai.jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Anal Raj Bhattarai</strong></div>
<div>
<em>CEO, Commerce and Trust Bank </em></div>
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A lot of issues are addressed in the new monetary policy which aims at mobilising banks and financial institutions to expand lending by 18 percent in order to meet the economic growth rate target of 5.5 percent set for the current fiscal year. The policy has addressed various issues and NRB has declared a Act that is related to financial institutions but do not come under the direct preview of the central bank itself. The budget of the current fiscal year is not as directive as the monetary policy has become. Though there are not many significant changes in the monetary policy from that of the previous fiscal year, it seems to be more liberal. </div>
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<img alt="Hari Bhakta Sharma Vice President, Confederation of Nepalese Industries (CNI) " src="/userfiles/images/Hari%20Bhakta%20Sharma(1).jpg" style="float: left; margin: 0px 10px 0px 0px;width: 100px; height: 116px;" /><strong>Hari Bhakta Sharma</strong></div>
<div>
<em>Vice President, Confederation of Nepalese Industries (CNI) </em></div>
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The question is not about what should be included in the monetary policy. The government introduced a full-fledged budget after six long years and this cannot be undermined. What is crucial is the implementation of the new policies and programmes, which is a big challenge for the government as for now. Proper monitoring is a must for the smooth implementation of policies. The inflation rate has been fluctuating a lot and in this regard, achieving a 5.5 per cent economic growth is doubtful. The government has emphasised on investment in manufacturing, agriculture, and energy which is appreciable. The government should have considered the potential of increase in general level of price while increasing government servents’ salaries. The development budget is low too, making it less likely to achieve the desired economic growth rate. This again would lead us to another economy crisis.</div>
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Rajan Singh Bhandari 
Anal Raj Bhattarai.jpg)
Hari Bhakta Sharma
