The government has no plan on fixed ceilings on bank deposits and property, a Finance Ministry announcement said Monday night.

The announcement is an official effort to scotch rumours that property and bank deposit ceilings will not be slapped along with a ceiling on land holdings. Two opposition parties in parliament have called for a ceiling on property and not on land.

The UML, the main opposition in parliament, has supported the government move to reduce land ceiling and has also demanded property over rupees one million should be nationalized.

The freeze on land sale and transfer ahead of an official announcement on a new land ceiling has adversely affected the national economy in the short term. The Finance Ministry said reports of  “extraordinary withdrawals” from banks are just rumours.

The ruling Nepali Congress Party has asked the government of Prime Minister Sher Deuba to present legislation in parliament Wednesday announcing a reduction in land ceiling.

Two non-communist opposition in parliament have been obstructing parliament proceedings opposing the government move as the Supreme Court prepares to decide on the legality of the initiative.

Gold prices have soared as one woman committed suicide in Gaur after the government freeze on land sale.