Parliamentary Committee Reduces Governor's Term to 3 Years
Summary
The Finance Committee has reduced the governor’s tenure in the amendment bill for the Nepal Rastra Bank Act. The term will now be three years, with a possible two-year extension by the government.
Key Points
- The Finance Committee has decided to reduce the governor’s tenure to three years in the proposed amendment to the Nepal Rastra Bank Act.
- The government will be able to extend the term by two more years if it wishes.
- The decision was made unanimously, according to committee secretary Laxman Aryal.
