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FNCSI seeks time for staff’s personal permanent account number

KATHMANDU: Federation of Nepal Cottage and Small Industries (FNCSI) has urged the government to extend time for paying salary to the employees through bank account by providing personal permanent account number (PPAN) to them.
Issuing a press statement on Thursday, the FNCSI said that they were not in a condition to pay the employees working in cottage and small industries through the bank account by opening their PPAN immediately.
The government in the budget programme of the current fiscal year has made it compulsory for every employee to receive their remuneration by having PPAN.
The FNCSI said that small and micro entrepreneurs and its employees need additional time to implement the provision of paying salary to the employees associated with PPAN through bank accounts
Ministry of Labour and Social Security has orally agreed not to implement the provision of social security scheme in small and medium scaled industries immediately, the provision of paying salary through the bank account should also be extended for six months for small and micro enterprises, said Shyam Giri, president of FNCSI.
Similarly, the FNCSI has urged the government to extend the time for implementing vehicle consignment tracking system (VCTS) and value added tax in transportation service for a year.
The FNCSI stated that immediate implementation of VAT and VCTS will have adverse effect on the production of small and medium sized industries and ultimately into the export trade of the country.

Published Date: Thursday, July 18th, 2019 | 08:39 PM

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