Economy on healthy track, Fin Min says
Minister for Finance Yuba Raj Khatiwada has said that the country’s economy was moving ahead on robust, straight and stable track. At a programme organized on the 53rd anniversary of Agricultural Development Bank in the capital city today, Khatiwada said that nation’s economy was on prideful state. Saying that country’s annual economic growth rate will be in between 6 to 8 per cent, the finance minister argued “The economy means always ups and downs; it does not always move in a straight way. The trend of economy is like that of geography.” He claimed that Nepal’s overall financial and banking system is the most robust system in South Asia. “The non-performing loan is unbelievably low. That’s welcoming,” he said. On the occasion, the finance minister also argued that the inflation rate of 6 per cent was not that much panicking. Rational interpretation of economy was needed and we can move on the positive side by holding discussions only after understanding the objective indicators of economy, he said. Also speaking at the programme, Deputy Governor of Nepal Rastra Bank (NRB) Chintamani Siwakoti asked the Agricultural Development Bank to focus its investment in agriculture, which has crucial contribution to the nation’s gross domestic products. On the occasion, Bank’s Chairman Chhetra Bahadur Sejuwal and Bank’s CEO Anil Kumar Upadhyay promised to make investment in the agriculture sector. The bank has been successful...
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