Printer Friendly

Increasing industrial insecurity cast blight on economic situation of Nepal.

Byline: ANI

Kathmandu, Dec 13 (ANI): Top entrepreneurs of Nepal have lamented that increasing industrial insecurity and labour disputes have cast blight on the entire economic situation of the country.

Speaking at a program organised by National Business Initiative (NBI) here on Friday, the entrepreneurs said that waywardness of trade unions and the deteriorating business climate in the country have put a damper to the government's proposition of economic revolution.

Nepalnews quoted president of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Kush Kumar Joshi as saying that the business climate is at its lowest ebb in the country.

He also urged the government to take special initiatives to address labour disputes, which are crippling the business activities across the nation.

National Business Initiatives (NBI) Nepal president Padma Jyoti said: "While labour dispute prevails between the investors and employees, the notion of economic revolution will be mere a slogan."

"The prudent investment in infrastructural development is also important to propel the country towards the path of economic sustainability," he added. (ANI)

Copyright 2008 Asian News International (ANI) - All Rights Reserved.

Provided by an company
COPYRIGHT 2008 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Asian News International
Date:Dec 13, 2008
Previous Article:UK actress Lumley leads new march for Gurkha rights.
Next Article:Why Richard Griffith wants to have Daniel Radcliffe soundly beaten.

Related Articles
FAO Believes World must Double Food Production by 2050.
Nepal mulls lifting ban on job-seeking in Lebanon.
Life for pensioners 'getting worse'.
Life for pensioners 'getting worse'.
Afghan presidential elections will be held on August 20.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters