Proposal presented by Finance Minister Paudel approved by majority

Kathmandu: Today’s meeting of the House of Representatives approved the proposal seeking consideration on the Bill designed to amend some Nepal Acts related to Improvement of Economic and Business Environment and Promotion of Investment 2081′.

The proposal presented by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel was approved by a majority. Responding to queries raised by lawmakers during discussion of the bill, Deputy Prime Minister Paudel said the government is confident that the bill would improve the economic and business environment in the country.

‘It will be better to adopt the truth rather than running behind the baseless blame. There will be no compromise in revenue,’ he added.

Earlier, taking part in the discussion on the bill, Madhav Sapkota of the CPN (Maoist Centre) argued that the bill has an arrangement of providing tax exemption to large-scale commercial business companies. He suggested that attention should be paid to domestic capital while encouraging foreign investment.

Similarly, Bimala Subedi of the CPN (Maoist Centre) commented that the bill was brought by targeting only a limited number of people. Dr Prakash Sharan Mahat of the Nepali Congress expressed the view that investment should be liberalized to take the general people in the access of economic growth, adding the investment sector should be improved and the private sector is the engine of the development.

Likewise, Juli Kumari Mahato (Mahaseth), Bhagawati Chaudhary, Saraj Admed Farooqui, Bijula Rayamajhi, Mahendra Bahadur Shahi, Rupa Soshi Chaudhary, Narayan Sharma, Dr Amaresh Kumar Singh, Prem Suwal, Shiva Nepali, among others put forth their views on various aspects of the bill. The HoR will meet next at 11:00 am tomorrow.

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