House committee discusses bill for investment board

KATHMANDU: The parliamentary statutory committee today started discussion on the bill to regulate the investment board for economic development in the country.

Committee member Binod Chaudhary said the bill being tabled by the government was not meant only for foreign investment. It aims at settling disputes between ministries related to investment and is basically meant for creating an investment-friendly environment in the country.

Sunil Prajaparti of Nepal Workers' and Peasants' Party said foreign investment should be encouraged in ventures that create jobs and build infrastructure in the country. The bill will be tabled in the parliament after the statutory committee gives its approval.

Meanwhile, Home Minister Bhim Rawal said the provision of distributing citizenship certificates even under mother's identity could not be implemented due to the lack of a related law.

Rawal was replying to lawmakers' queries in the parliamentary committee on Woman, Children and Social Welfare, where they asked the home minister why the government had not been able to implement the constitutional provision. He said the government was ready to discuss the issue before bringing it into practice. The lawmakers had demanded that the government immediately table a law to this effect and pass it at the earliest. The Interim Constitution has said that a citizenship certificate can be issued to a person on the basis of his/her mother's identity as well.

Meanwhile, the parliamentary Public Accounts Committee today formed a seven-member sub-committee to enhance the efficiency of public corporations. The sub-committee headed by lawmaker Dip Kumar Upadhyaya has been entrusted to submit its report by mid February.

Members of the sub-panel include Keshan Nepal, Hridayesh Tripathi, Pramod Gupta, Anil Kumar Jha, Rabindra Adhikari and Surita Kumari Sah. The PAC decided to form the sub-panel after holding talks with the general managers of all the government-owned corporations, most of which are at losses due to weak management, political interferences, over-staffing and imbalance between income and expenditure.

Though all the corporation heads were invited to the PAC meeting, general managers of the Gorkhapatra Sansthan, Nepal Drug Limited, Citizens' Investment Trust and Nepal Telecom were absent.