Finance Minister for considering People while making Investment Decision

Ajay Chhetri / Kathmandu, Sept. 21: Finance Minister Janardan Sharma has advocated for considering people while taking an investment decision.

Addressing a program “Government Capital Expenditure and foreign direct investment in Nepal”, organized jointly by the Central Department of Economics, Kritipur and Confederation of Bank and Financial Institutions Nepal, he said that common people should be taken into consideration while making the investment decision.

Presenting a paper in the programme, Associate Professor, Central Department of Economics, Dr. Ramesh Paudel, showed that the proportion of capital expenditure in the aggregate expenditure has been persistently diminishing in the last decade.

He also showed that there is a positive outcome of capital investment in the education and health sector.

Following this, presenting a paper on the “Attraction of Foreign Direct Investment” Shiva Adhikari showed that 89 per cent of the foreign direct investment inflows to Nepal due to low labor cost.

Executive Director of Nepal Rastra Bank Dr Prakash Kumar Shrestha stated that there are a need for investment in the three I’s, i.e. infrastructure, information, and incentive.