EDITORIAL - Tax manipulation The main opposition, CPN-UML, obstructed the House proceeding the other day over Finance Minister Janardan Sharma’s alleged hiring of unauthorised persons to manipulate tax rates, a day before presenting the fiscal budget in the joint session of the federal parliament on May 29. The news of two unauthorised persons entering the Finance Ministry on the night of May 28 came to the light after a daily exposed it a few days ago. Opinion 16 Jun, 2022
Parliament endorses BAFI bill Kathmandu, January 10 The Legislature-Parliament today endorsed the Banks and Financial Institutions Bill with provisions that strengthen the supervisory and regulatory capacity of the central bank and enhance corporate governance. The bill, which... 11 Jan, 2017
House sends BAFI Bill back to panel following criticisms Kathmandu, June 21 Severe criticisms lobbed at lawmakers for altering some of the crucial provisions in the Bank and Financial Institution (BAFI) Bill has prompted the House of Representatives to send the legal framework back to the Parliamentary... 22 Jun, 2016
Changes to BAFI Bill provisions draw flak Kathmandu, June 15 The amendments made to the draft of the Banks and Financial Institutions (BAFI) Bill by the Parliamentary Committee on Finance can be rolled back if the House sends the legal framework back to the committee, Chairman of... 16 Jun, 2016
Seven-year-old BFIs may convert all promoter shares into ordinary stocks Kathmandu, May 24 Banks and financial institutions (BFIs) that have completed seven years of operation will soon be able to convert all promoter shares into ordinary shares if the Bank and Financial Institution Bill forwarded to Parliament is signed... 25 May, 2016
MoF to amend or frame 62 acts, bills Kathmandu, January 22 The Ministry of Finance (MoF) has formed two steering committees to make revisions to existing acts so that they become compatible with provisions laid in the new Constitution that came into effect on September 20. Of the... 23 Jan, 2016
Sub-committee formed to settle BAFI Bill issues Kathmandu, January 18 The Parliamentary Committee on Finance today formed a seven-member sub-committee to settle outstanding issues related to the Bank and Financial Institution (BAFI) Bill tabled in Parliament. The seven members of the... 19 Jan, 2016
Central bank tells BFIs to make recapitalisation plan public Kathmandu, September 24 Nepal Rastra Bank (NRB), the banking sector regulator, has directed banks and financial institutions (BFIs) to make their recapitalisation plan public. Issuing a directive today, NRB said recapitalisation plans will... 25 Sep, 2015
Nepal Rastra Bank mulls over banning lawmakers from joining BFIs� board Kathmandu, September 11 Nepal Rastra Bank is mulling over banning parliamentarians from joining the board of directors of banks and financial institutions to avoid conflict of interest and minimise interference in regulatory works. The banking... Horoscopes 12 Sep, 2015
Rich dad, poor dad The parliamentary Committee on Finance is to question Finance Minister Dr Ram Sharan Mahat today over the government’s failure to recover money from at least 30 defaulters who had borrowed heavily from the Rastriya Banijya Bank (RBB) and the Nepal... 16 Aug, 2006
