Parliamentary Committee Discusses Nepal Rastra Bank Act Amendment Bill
Summary
The Finance Committee under Nepal’s House of Representatives continued clause-wise discussions on the bill to amend the Nepal Rastra Bank Act, focusing on the tenure and qualifications of the Governor and Board of Directors. MPs were divided over whether the terms should remain five years or be reduced to four years.
Key Points
- The Finance Committee of the House of Representatives continued clause-wise discussion on the bill to amend the Nepal Rastra Bank Act, 2058 BS.
- Lawmakers debated whether the Governor and Board of Directors should serve five-year terms or four-year terms.
- MP Lima Adhikari backed a four-year term, saying Nepal Rastra Bank is a sensitive institution.
- MP Ganesh Parajuli supported keeping the five-year term and said appointment qualifications should be set separately for key posts.
