Kathmandu, July 2: Today’s meeting of the House of Representatives (HoR) has endorsed the ‘Cooperative (First Amendment) Bill, 2083’.
Majority lawmakers in the Lower House passed the bill which was introduced to replace the ordinance. The bill was presented for decision following deliberations and subsequent response from the concerned minister.
Responding to the queries raised during the discussion, Minister for Land Management, Cooperative, Federal Affairs and General Administration, Pratibha Rawal, said the separate bill has become indispensable with Nepal being placed in the Grey List globally in regard to the money laundering.
She also expressed commitment to incorporate the feedback received while introducing the upcoming bill.
Lawmakers, including Aren Rai, Ganesh Bahadur Bishwokarma, Ganga Laxmi Awal, Buddhi Prasad Pant, Parbati BK, Prakash Chandra Pariyar, Narendra Kumar Kerung, Basana Thapa, Sajida Khatun Siddiqi, Ganesh Paudel, Rekha Kumari Yadav, and Nita Ghatani participated in the discussion.
On the occasion, the lawmakers emphasized that the saving deposits should be returned by the respective cooperative, not by the government.
They also stressed that cooperatives should only be allowed to operate at local level where they are registered, and that there should be a single central regulatory authority. #nepal #rss
