FinMin Dr Wagle vows transparent, result-oriented management of CIT funds
Summary
Finance Minister Dr Swarnim Wagle says Citizen Investment Trust investments will be made transparent and result-oriented as lawmakers debate the Third Amendment Bill, 2083. MPs urged stronger risk management and safety for the trust, which manages around Rs 337 billion in savings.
Key Points
- Finance Minister Dr Swarnim Wagle said Citizen Investment Trust investment will be managed transparently and with a focus on results.
- He stressed the need for secure, result-oriented mobilization of trust funds to balance internal and external resources.
- Lawmakers raised concerns about risk management and the safety of public savings deposited in the trust.
- Clause-wise discussion on the bill will continue in the concerned committee after amendments registered by lawmakers.
