Finance Minister Dr. Swarnim Wagle has clarified that the government is amending and repealing some financial laws in Nepal based on recommendations from a high-level commission for economic reform.
Government’s Push for Financial Law Reforms
During Wednesday’s meeting of the House of Representatives, Finance Minister Dr. Swarnim Wagle provided answers to questions that arose during discussions on the ‘Bill to Amend and Repeal Some Nepali Laws Related to Finance, 2083’. He explained that this step aligns with an announcement he made on his very first day as Finance Minister, where he pledged to remove laws that hinder economic progress.
Minister Wagle stated, “To give concrete shape to that declaration, this bill has been moved forward as a law.” He further explained that Parliament sometimes needs to create new laws, but it also has to repeal old ones. “This bill is part of that process. The government is strive for economic reform, and the subjects we announced are now being implemented legally,” he added.
Parliamentary Proceedings and Unanimous Approval
Several Members of Parliament participated in the discussion on the proposal. These included Manju Bhusal, Krishnahari Budhathoki, Nitima Bhandari (Karki), Ashokkumar Chaudhary, Madhav Bahadur Thapa, Sushil Khadka, Renuka Kaucha, Bidushi Rana, Narendra Kumar Kerung, Madan Krishna Shrestha, Buddhi Prasad Panta, Sajida Khatun Siddiki, Hariprasad Bhusal, Guruprasad Baral, and Pushpraj Kandel.
Earlier in the meeting, Finance Minister Dr. Wagle had formally presented the proposal, ‘Consider the Bill to Amend and Repeal Some Nepali Laws Related to Finance, 2083’. The House unanimously approved this proposal. Speaker Dol Prasad Aryal also informed members that any MP wishing to register amendments to the bill could contact the Bill Section of the House of Representatives.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
