"Adoption of a policy promoting multiple ownerships on single resource will create confusion and do no good to the country," said Dr Bishwombhar Pyakuryal, senior economist at the program. Instead of socialist model, he asked the government to adopt mixed economic policy with Public-Private Partnership (PPP) model.[break]
Dr Pyakuryal, along with other experts, blamed the government of neither adhering to a clear economic policy nor adopting pragmatic strategy for developing industrial and other key sectors that contribute to the economy.
Private sector representatives opined that socialist economic policy will drive foreign investments and private sector away as it creates grounds for undue intervention. The state should instead choose clearly defined market-oriented mixed economic policy, they said.
At a program organized jointly by Center for Constitutional Dialogue (CCD) and Nepal Business Initiatives (NBI) on Thursday, Bashanta Prashad Adhikary from CCD made presentation on different provisions mooted by 11 committees of Constituent Assembly on economy, business and commerce.
"There exists confusion on a number of issues related to management of the economy as the committees have not dealt with them clearly," said Adhikary. He noted that the committees have even failed to set clear provisions on issues like right to property, economic system and fundamental rights, among others.
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