Opposition seeks share in Investment Board; Finance Minister rejects

Finance Minister Yuba Raj Khatiwada

Kathmandu, March 12

The main opposition Nepali Congress has demanded that it should be represented to the Investment Board Nepal, the government body that handles big infrastructure projects involving foreign investment.

Finance Minister Yuba Raj Khatiwada, however, rejected the proposal.

Taking part in a discussion on the new investment bill at a meeting of the Finance Committee in Parliament on Tuesday, opposition lawmakers Bharat Kumar Shah and Divya Mani Rajbhandari said the main opposition leader should be a member of the board. The duo have filed an amendment proposal to the bill.

A member of the ruling Nepal Communist Party, Janardan Sharma, has also supported the proposal.

But, Khatiwada rejected the proposal and said, “The opposition’s job is to work as a watchdog, not to take part in the government’s decision.”

The bill has proposed that the Board under the Prime Minister will include various ministers, representatives of the private sector and experts.

Published on March 12th, Tuesday, 2019 5:02 PM

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