Payment and Settlement (First Amendment) Bill passed

Summary

The House of Representatives has unanimously passed the Payment and Settlement (First Amendment) Bill, 2083 after theoretical discussion. Finance Minister Dr Swarnim Wagle said the bill is intended to improve the economy and address issues such as systemic liquidity.

Key Points
  • The House of Representatives unanimously passed the Payment and Settlement (First Amendment) Bill, 2083 after theoretical discussion.
  • Finance Minister Dr Swarnim Wagle said the bill is meant to help improve the economy and address systemic liquidity problems.
  • Lawmakers welcomed international digital payments but urged clarity on national benefits and transaction safety.
  • Speaker Dol Prasad Aryal asked lawmakers to notify amendments as required, and a letter was read about Wagle handling daily administrative duties while Prime Minister Balendra Shah is in the USA for the UN General Assembly.
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