Chamber urges Speaker to proceed with Bills related to Economy

The Nepal Chamber of Commerce urged Speaker of House of Representatives Agni Prasad Sapkota to take forward the Bills related to economy/finance under consideration or deliberation in the parliament.

Chamber's President Rajendra Malla-led team called on Speaker Sapkota at the latter's office on Tuesday to take forward 11 such Bills.

According to the visiting delegation of the Chamber, many of the Bills related to the economy were stuck in the parliament leading to many issues facing the private sector being unaddressed.

They were of the view that there was a problem since the Bill seeking an amendment to the Securities Act and the Bill to amend the Bank and Financial Institutions Act-2073 BS were still under deliberation in the parliamentary Finance Committee.

President Malla added that the Bill formulated to integrate and amend laws related to insurance was also under deliberation in the Finance Committee. He urged the Speaker for his positive intervention towards taking forward those bills before the federal election.

Furthermore, he drew the attention of the Speaker to push the Bill formulated to regulate and manage the cultivation of marijuana, arguing that by exporting marijuana, Nepal could reduce the trade deficit.

Speaker Sapkota expressed his commitment to take initiative to push forward all stalled bills. "I have already asked the concerned agencies to take forward some bills. Bill related to budget is almost on the verge of completion. I am aware that other bills should not be stuck in the parliament."