An official at the Ministry of Finance informed myrepublica.com that the ministry on Friday sent formal letters to Dr Bhola Chalise and Ganesh Bahadur Thapa, nominating them as the members of the committee. As per the Section 15 of Nepal Rastra Bank Act 2002, Finance minister will be the chairperson of the committee. [break]
Dr Chalise was included in the committee as the economy and finance expert whereas Thapa is a former governor of the NRB.
We are planning to call the first meeting of the committee in the coming week to set working procedures and then it will collect resumes of potential candidates for the post, said the official.
The committee will now recommend names of three persons -- renowned in the field of economic, monetary, banking, finance, commerce, management, commercial law and from among the deputy governors -- for the post to the cabinet. The cabinet then appoints one of the three recommended for the period of five years.
Ministry of Finance, on January 6, had recommended the cabinet to include Thapa and Prof Rudra Prasad Upadhyay as members for the committee. However, following opposition from the ruling Nepali Congress, the cabinet meeting on January 14 amended the names of the committee members and replace professor Upadhyay with Dr Chalise.
The tenure of present governor Bijaya Nath Bhattarai, who was appointed to the post on January 31, 2005, is ending at the end of this month.
Related story
Study panel recommends establishing new stock exchange only aft...
