New Bill Bars Chief Secretary From Becoming Central Bank Governor
Summary
A bill amending the Nepal Rastra Bank Act bars a person eligible to become Chief Secretary from serving as Governor of Nepal Rastra Bank. The change tightens qualifications and could also make retired secretaries ineligible if the government reduces the secretary’s tenure to three years.
Key Points
- The Finance Committee of the House of Representatives has passed a bill amending the Nepal Rastra Bank Act.
- The bill raises the qualification requirements for the Governor, including education and at least four years of relevant experience.
- A person eligible to become Chief Secretary of the Nepal government will no longer be able to become NRB Governor.
- If the tenure of government secretaries is reduced to three years, retired secretaries may also become ineligible for the post.
