Private sector asks to ensure economic freedom in the new Constitution

Private sector asks to ensure economic freedom in the new Constitution

The provate sector has asked to ensure the economic freedom in the new Constitution. Handing over a recommendation, Confederation of Nepalese Industries (CNI) today asked chairman of Constitutional Political Dialogue and Consensus Committee Dr Baburam Bhattarai to ensure economic freedom including right to private property, business, profession and profit as civil rights. The team led by CNI president Narendra Kumar Basnyat also asked Bhattarai to ensure the freedom of movement of the raw materials, finished products and services, and movable assets in the federal structure. "The Constitution should also ensure the investment-friendly environment, and infrastructure," Basnyat said, adding that the financial and economic structure of Federal Nepal must clarify state's role and responsibility for the economic sector, structure to settle economic and financial dispute among the states, and revenue sharing. The recommendation has also stressed on legal framework for ensuring social security, apart from right to natural resources and benefit sharing. The Constitution should also ensure private sector's role and market economy, the CNI recommended, adding that it also has to enure that the government could not nationalise private property, industries and businesses. The Constitution should ensure equal rights and treatment to the citizens despite their place of birth, and state, it recommended.
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