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Economy

FNCSI to host Job Fair in Biratnagar

Gorkha Post

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BIRATNAGAR — Federation of Nepal Cottage and Small Industries (FNCSI) Morang is set to hold a three – day Job Fair in Biratnagar.

FNCSI Morang President, Narendra Humagain, at a press conference held on Monday said the fair will take place from April 20 to 22.

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He added that during the fair opportunities for employment will be searched along with competent employees. The fair is also expected to work as a bridge for facilitating coordination among different organizations.

At least 200 industrialists are taking part in the fair which could provide employment to around 500 jobless youths.

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Economy

Business community demands slash in interest rate

Pratigya Waiju

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BIRATNAGAR— The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) from the borrowers.

They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.

At a programme jointly organised by Industry Association Morang and Trade Association Morang on Thursday, the business leaders drew attention of the government to that end adding that job creation for the labour force of 500,000 was not likely only from the industry and trade sectors.

ALSO READ :  India agrees to provide new air routes over Biratnagar, Janakpur and Mahendranagar

Stressing the need for slashing the interest rate, they also argued the central bank should realise the reality that no bank was running out of loss. The industrialists and businesspersons said that industries and business should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.

Industrialists Bhim Ghimire, Pawan Kumar Sharda, Sushen Pyakurel, Moti Dugad and others said that bank’s interest rate should be low to increase the domestic investment and lure the foreign investment.

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