#news #legislation #Nepal
The recent passage of the ‘Privatization (First Amendment) Bill, 2081’ by the House of Representatives marks a significant development in Nepal’s legislative landscape. The bill was approved with a majority vote during a meeting on Wednesday, with Deputy Speaker Indira Rana announcing its passage.
Prior to this, Deputy Prime Minister and Finance Minister Vishnu Prasad Paudel had proposed the approval of the ‘Privatization (First Amendment) Bill, 2081’. Minister Paudel had addressed concerns raised during previous discussions on the bill, stating that privatization would not be the only option and emphasizing the need to implement it in a way that would effectively operate public entities facing financial constraints, challenges, and closures.
In response to the legislation, opposition party members expressed reservations about how the bill may impact the country’s economy and its ability to ensure development, good governance, and social justice. The lawmakers who presented amendments to the bill included Shakti Bahadur Basnet, Chanda Karki, Devendra Paudel, Janardan Sharma, Prem Suwal, Lekhnath Dahal, Vimala Suvedi, Nisha Dangol, Laxmi Tiwari, Narayani Sharma, Ram Kumar Rai, Gyanu Basnet Suvedi, Chiringdumdul Lama, Durga Rai, Manish Jha, Chitrabahadur Kesi, Hitbahadur Tamang, Ganga Karki, Urmila Majhi, and Madhav Sapkota.
Ramesh Khatri, representative of Kansai Nepal News, commented on the news, stating that the passage of the privatization bill reflects a significant shift in Nepal’s economic policies. Khatri highlighted the importance of ensuring that privatization is carried out in a manner that safeguards the interests of public institutions and does not compromise the country’s overall development goals.
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Author: MAYA | HARUTO
Posted at: March 21, 2025 3:01 am
