By Karuna Thapa
Kathmandu, March 14
The Morang Trade Association has called on the government to lower the interest rate on bank deposits to at least 6%. The demand was made while handing over a memorandum to Finance Minister Janardan Sharma, who arrived in Biratnagar, Province No. 1’s capital, on Sunday. While banking interest rates on deposits have reached a high of 11%, businesses have been unable to get loans due to an increase in the interest rate on extra loans.
Entrepreneurs have urged that the finance minister cut the bank’s interest rate to a minimum of 6% by easing liquidity quickly in order to overcome the present economic crisis. The group also called on former Prime Minister and Chairman of the CPN-Maoist Center Pushpa Kamal Dahal (Prachanda) on the occasion, urging him to play a key role in the country’s capital system as well as political issues.
Former presidents Mahesh Jaju and Pawan Kumar Sarda, vice president (industry) Bikash Kumar Begwani, CA members Dipesh Subedi, Amit Sarda, Pawan Rathi, Devashish Golchha, Sushil Surana, and Gopal Agrawal, and departing president of Morang Trade Association Prakash Mundada were in attendance.
