Kathmandu: In a bid to enhance the country's economic landscape, the government has announced a series of decisions after consultations with various stakeholders, including the private sector. The primary focus is on facilitating the repayment of loans for businesspersons facing challenges in meeting interest deadlines. Additionally, a comprehensive review of bank interest rates is underway.

Prime Minister Pushpa Kamal Dahal 'Prachanda' led discussions that culminated in the establishment of a dedicated mechanism to regulate financial cooperatives. This includes the creation of a cooperatives fund aimed at safeguarding depositors' savings. The Office of the Prime Minister and the Council of Ministers revealed that steps are being taken to enhance the revenue structure based on recommendations from the tax system reform commission.

The government has underscored its commitment to advancing key infrastructure projects, such as the Budhigandaki Hydropower Project, Nijgadh International Airport, Karnali-Chisapani, Upper Arun, and three cricket stadiums. Outstanding payments owed to contractors for these projects will be expedited. Prime Minister Dahal instructed ministers and secretaries to intensify efforts to increase capital expenditure during today's discussions.

As part of the broader agenda for reform and good governance, a high-level commission will be formed. Moreover, the Industry and Commerce Promotion Dialogue Council, chaired by the Prime Minister, will foster regular communication between the government and the private sector. Finance Minister Dr. Prakasharan Mahat clarified that while it may not be accurate to assert that loans will not be repaid, measures will be explored through the Nepal Rastra Bank to streamline the payment process.