Private sector urges government to contribute 50 per cent to labourers wage

Private sector urges government to contribute 50 per cent to labourers wage

The private sector has called the attention of the government on the impact of COVID-19 pandemic and the lockdown on the economy and its cumulative adverse effects.

The office-bearers of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI) and Nepal Chamber of Commerce (NCC) held discussions with government chief secretary Lok Darshan Regmi in that regard on Thursday.

On the occasion, the private sector representatives urged the government to rescue the industry, commerce and business sector from the adverse impact of the coronavirus pandemic.

"Industries and factories in the country are on the verge of closure due to the lockdown. The supply system has also been hit hard and the national economy is also dented," the office-bearers of the country's three big chambers of commerce and industry reported to the Chief Secretary, urging the government to create an environment for reviving the economy.

The private sector has suggested government support through appropriate fiscal policy the economically poor and vulnerable population, the people working in the informal sector and self-employed people.

Likewise, it called on the government to address and assist the industrial and business sector through the monetary policy. The private sector representatives informed the government that the industries and businesses were closed due to the 'stay at home' order and they were finding it hard to pay employees and the workers.

They contended that they could pay 50 per cent of the wages of workers for the period industries are closed while the government should provide the remaining 50 per cent through a grant.

Chief Secretary Regmi said the government was aware that the private sector directly contributed 70 per cent to the national economy and it has directed its serious attention towards this. He said the government has been formulating policies in accordance with the aspirations of the private sector and it would not allow the industry and business sector to crash.