Insurance bill stalled in parliamentary committee

, December 25

The bill has been stalled at the Federal Parliament’s since one-and-a-half years as the Ministry of Finance and the committee have been unable to conclude the related discussions.

On July 22 last year, Finance Minister Yubaraj Khatiwada had tabled the ‘Bill for amendment and integration of insurance’ at the Parliament. The bill has envisioned reorganising the current structure of at insurance after its endorsement from the Parliament.

Krishna Prasad Dahal, chairman of the finance committee, said that they will soon hold a discussion on the bill. “Till date the bill has been discussed two or three times, but we were unable to come to any conclusion.”

Dahal further informed that the bill had not been endorsed yet as the ministry had not given enough time for the discussion.

“The discussion is bound to be lengthy as we need to get into all the details. While we are hoping to sit for a discussion within the next five days, all depends on the finance ministry.”

Read the full article on The Himalayan Times.

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