Sunday Aug 14, 2022
Sunday Aug 14, 2022

HoR approves three ordinances

2021 Sep 10, 17:20, Kathmandu
Minister for Finance Janardhan Sharma addresses the Meetinig of the House of Representatibes in Kathmandu, on Friday, September 10, 2021. Photo: HoR live broadcast/Youtube

The meeting of the House of Representatives today approved the Economic Ordinance; Mobilise Internal Loans Ordinance; and the Appropriations Ordinance, 2078 BS.

Finance Minister Janardan Sharma presented the ordinances in the second meeting of the HoR amid the protest and sloganeering by the main opposition party, the CPN UML.

The ordinances were approved by a majority of the HoR. Before this, the House rejected by a majority votes the notice registered by Prem Suwal of the Nepal Majdoor Kishan Party seeking rejection of the ordinances by the House.

The first meeting was postponed for almost 15 minutes. As soon as Speaker Agni Prasad Sapkota announced the start of the second meeting, the opposition party lawmakers picketed the rostrum and continued sloganeering. The Speaker allotted time to Suwal to put his views amidst the chanting of slogans by the opposition MPs.

After that, Finance Minister Sharma, responding to queries related to the ordinance, said it was not true that the price fluctuation in the capital market was done in an illegal manner and at the will of an individual. He also informed that an investigation committee has been formed under the leadership of former justice of the High Court to probe into the alleged irregularities in the Securities Board and the Nepal Stock Exchange.

The UML MPs continued their protest by sloganeering even during the process the ordinances were being tabled and approved in the House.


House of Representatives Economic Ordinance Mobilise Internal Loans Ordinance Appropriations Ordinance FM Janardhan Sharma CPN-UML HoR Speaker Agni Prasad Sapkota Rostrum Nepal Stock Exchange Slogan Tabled
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