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May 15: Dr Chiranjibi Nepal, Governor of Nepal Rastra Bank (NRB) has said that achievement of double digit economic growth is near. Dr Nepal uttered the statement in an inauguration program organized by Rotary Club, Hetauda to mark its silver jubilee. He said “The economic growth of the country grew to 7 percent due to regular power supply supported by unconstrained industrial production. If only we could insert little hard work, the economy will be able to achieve double digit growth.”
“In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,” he added. “Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),” Nepal voiced.
Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility.
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View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
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<p style="text-align: justify;">“In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,” he added. “Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),” Nepal voiced.</p>
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p style="text-align: justify;">“In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,” he added. “Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),” Nepal voiced.</p>
<p style="text-align: justify;">Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility. </p>
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<p style="text-align: justify;">“In order to achieve the economic growth, modification in the traditional societal norms should be encouraged and the immense opportunities within the country should be exploited,” he added. “Even in a backdrop of 57 percent labour force between 18-60 years of age being out of country, Nepal has been able to achieve 7 percent economic growth. In order to achieve the double digit economic growth, youths should be encouraged to start their own businesses by taking finances from banks and financial institutions (BFIs),” Nepal voiced.</p>
<p style="text-align: justify;">Moreover, Governor Nepal said that the government still holds balance of Rs 500 million allocated for agricultural entrepreneurs in order to provide subsidy on interest rate. He further said that only 42 percent of Nepalis youth are engaged in entrepreneurships by taking loans with BFIs and 58 percent youths are still in banking inaccessibility. </p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
