Election Candidates Open Bank Accounts Following Mandatory Spending Rules Set by Election Commission
Summary
Following new rules by the Election Commission, 671 candidates have opened bank accounts to manage election spending transparently, complying with mandatory regulations.
Key Points
- The Election Commission has mandated that election expenditures be made through bank accounts.
- So far, 671 out of 3,406 candidates have complied by opening accounts for electoral spending.
- Spending limits for candidates range from NPR 2.5 million to NPR 3.3 million based on geographic factors.
- The Commission aims to enforce financial discipline and transparency in election spending through banking.
- Nepal Rastra Bank reports banking access at all 753 local levels to support compliance.
