BAFIA and Securities Bills Need to be Passed Quickly: Finance Minister Paudel

Deputy Prime Minister and Finance Minister Vishnu Prasad Paudel has emphasized the need to quickly pass and implement the Bank and Financial Institutions (First Amendment) Bill, 2080 (BAFIA) and the Securities (First Amendment) Bill, 2081 in Parliament. In today's meeting of the Finance Committee, Paudel urged that the discussions on these bills be concluded promptly and presented in the House of Representatives. He stated, "Along with the Customs Bill, I expect the discussions on these bills to be completed quickly and reach the House by the end of Chait."

Paudel also acknowledged public criticism regarding the slow pace of lawmaking and stated, "The government is aware of this, and there is a need to expedite the process of enacting priority laws based on national requirements." Similarly, the Customs Bill proposes improvements in the facilitation of trade and the customs process.