Why Businessmen streets strike against the banks ?

Feb Wed 2023 04:49:38


Why Businessmen streets strike against the banks ?

Businessmen of Kathmandu Valley came to Narajulus in Maitighar Mandala with this placard saying 'Banks are always in profit, industrialists are in loss'. Their demands ranged from addressing the demands of Prem Prasad Acharya, who committed self-immolation last week, to reducing interest rates.

The protesting businessmen accused the government of failing to protect industrialists and traders. They commented that the economy has become fragile due to the lack of a business-friendly economic policy and the Nepal Rastra Bank's lack of attention to protecting the interests of small and medium businessmen in monetary policy.

In particular, from the recommendation to blacklist the banks due to the government's wrong policies and non-payment of loans, they started protesting against the high interest rates by closing their businesses.

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