Private sector not to give donation to political parties

WITH the Constituent Assembly elections just four months away, the private sector has announced to not to offer donations to the political parties. Unveiling the “business code of conduct” on Sunday, 65 business enterprises along with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) said they would not provide donations to the parties. The National Business Initiatives (NBI) has prepared the code of conduct. The industrialists and entrepreneurs said took such a decision as they have already suffered enough from the parties’ donation drive in the past. “The private sector will not give any donation, gifts and other facilities directly or indirectly with an intention to receive returns later,” Padma Jyoti, former FNCCI President and Chairman of NBI said. The code of conduct also states that the private sector will remain institutionally neutral to any of the political parties.