Narendra KC Suggests Adding Monetary Policy Committee to Nepal Rastra Bank Act Amendment Bill
Summary
Nepali Congress lawmaker Narendra KC has urged adding a separate committee to formulate monetary policy in the Nepal Rastra Bank Act amendment bill. He said the Finance Committee could still incorporate the provision while finalizing the report on the bill.
Key Points
- Narendra KC proposed a separate committee for formulating monetary policy in the Nepal Rastra Bank Act amendment bill.
- He said the Finance Committee’s clause-by-clause discussion had reached consensus on most provisions, though members differed on the governor’s tenure and other office bearers.
- KC argued that adding the monetary policy committee provision would benefit the country’s economy and could still be considered in the report.
- He thanked the Finance Committee for its democratic and detailed review as the bill moves toward the House.
