Parliamentary Committee Debates Nepal Rastra Bank Act Amendment
Summary
Parliament’s Finance Committee is debating amendments to the Nepal Rastra Bank Act, with lawmakers split over whether to increase deputy governors, change the board’s makeup, and alter the finance secretary’s role. Members also proposed revisions to qualification rules, including director experience, expertise areas, and women’s representation.
Key Points
- Lawmakers in the Finance Committee at Singha Durbar debated structural changes to the Nepal Rastra Bank, including deputy governors and board composition.
- Ruling party MP Vidushi Rana backed appointing three deputy governors to divide responsibilities across monetary policy, regulation, stability, and digital finance.
- Opposition lawmakers Bharat Giri and Pushparaj Kandel opposed increasing deputy governors and raised concerns about factionalism and institutional conflict.
- Other MPs proposed changes to director qualifications, women’s representation, and whether the finance secretary should remain on the bank’s board.
