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President Bidhya Devi Bhandari lays foundation stone for Nepal Rastra Bank Central office in Balwatar today

Radio Nepal 8 Jul, 2019 2:15 pm

June 8, Kathmandu: President Bidya Devi Bhandari has laid the foundation stone for Nepal Rastra Bank Central Office’s building at Baluwatar in Kathmandu today.

Stating that Nepal Rastra Bank had been an effective monetary, regulatory and supervisory authority of the banks and financial institutions in the country, President Bhandari wished that the building should be built on time.

President Bhandari is hopeful that monetary policy to be issued by the Nepal Rastra Bank in future would help achieve the government’s motto of ‘Prosperous Nepal, Happy Nepali’. The Head of the State underlined the need for increased investment in agriculture, industry, hydro resources and tourism among others for rapid socio-economic transformation.

Similarly, Minister for Finance Dr Yuba Raj Khatiwada said that the country was still in the phase of restructuring of the financial sector. According to him, the government had accorded highest priority to distribution system based on social justice for economic growth. Stating that the government was effortful for enabling a conducive environment for foreign investment. Finance minister Khatiwada informed about launching a campaign to implement e-banking and e-transaction in the country.

Likewise, the National Reconstruction Authority’s (NRA) Chief Executive Director Sushil Gyewali shared that post-quake reconstruction process had picked a pace lately.

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