Governor to inform on management transfer of banks

January 5, 2001
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Kathmandu, Jan. 5 : The House of Representatives Finance Committee at its meeting today decided to invite the governor of Nepal Rastra Bank to its next meeting to be held on January 8 to inform the committee about work carried out in connection with giving out the management of the Rastriya Banijya Bank and Nepal Bank Ltd on contract.

The committee also decided to invite the water resources secretary and the executive director of Nepal Electricity Authority to its meeting to be held on January 9 in order hold discussions concerning enforcement of an earlier decision of the committee on the conditions and provisions of the agreement on electricity purchase worked out with the Khimti, Bhotekoshi, Indrawati and Upper Modi hydel projects.

Terming the report on expenditures received from the Kali Gandaki project as insufficient, the committee decided to demand an extensive report in this regard.

At the meeting chaired by committee chairman Smriti Narayan Chaudhary, the committee also decided to study at its next meeting the report presented by the Public Expenditure Review Commission and policy concerning budget appropriations.

Likewise, the House of Representatives Development Committee, at a meeting chaired by its chairman Tanka Prasad Rai, held extensive discussions on the future programmes of the committee.

Deputy Prime Minister and Minister for Local Development Ram Chandra Poudel, Minister for Information and Communications Jaya Prakash Prasad Gupta and MPs Krishna Prasad Dahal, Daan Bahadur Chaudhary, Raghuji Pant, Ram Kumar Chaudhary, Ram Chandra Tiwari, Mrs Sushila Nepal, Miss Sushila Swanr, Hari Lal Joshi and Gyanu K.C. Were present at the meeting.

Meanwhile, at the meeting of the Public Accounts Committee today, managers of Nepal Bank Ltd. said Nepal Rastra Bank is proceeding to give out the management of the bank on contract without consulting them and they are opposed to this.

The executive chairman of the Rastriya Banijya Bank however said that he is not against efforts being made at improving the bank’s management.

The chairmen of the boards of directors of Nepal Bank Ltd. and Rastriya Banijya Bank were invited to the meeting today to inform the committee about the process of contracting out the management of the two banks.

Also at today’s meeting, the local development secretary informed the committee that the shopping complex constructed behind the city hall auditorium would not have any adverse affect on the functioning of the auditorium and the ministry is thinking of strengthening the security measures there.

Committee chairman Subash Nemwang presided.