Friday, October 16, 2015

New government's economic policy

Rajesh Sharma

UML's economic policy is not much different from the policy the previous governments in the recent past followed. A mixed economy with strong emphasis on private sector will continue. However, there are specific issues that may create some road blocks. These are small issues but are important at micro level. Among such small issues, one example could be that of increase of paid up capital of banks. Now, finance ministry going to UML and some bankers from UML background trying to make changes in NRB directive may create tussle between finance ministry, if it will listen to some UML law makers and the NRB. If NRB resists, finance ministry could be unhelpful or obstructive in this issue. If NRB buckles down, investors will suffer. This type of issues may crop up. Otherwise, I think, there would be no big difference in policy.

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