FNCCI urges ex-PM Oli not to bring private sector within CIAA’s jurisdiction

KATHMANDU: CPN (UML) Chairperson and former Prime Minister KP Sharma Oli has said the arrangement to bring private sector within the Commission for the Investigation of Abuse of Authority (CIAA)'s jurisdiction will discourage the former. In a meeting held with the delegation led by Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal on Saturday, former PM Oli said that he was not aware of the bill regarding the CIAA until it was passed by the National Assembly. FNCCI President Dhakal informed Oli that the bill, which came from the Upper House to the Lower House of the Parliament, includes provisions to include the private sector under the CIAA's jurisdiction and urged him to take steps to disapprove the bill. FNCCI President Dhakal said that if the amendment bill regarding the CIAA is passed, the private sector, which accounts for more than 80% of the economy and provides employment, will be discouraged and the investment environment will deteriorate. In the meeting, former PM Oli said that he and his party are always ready to address the problems of the private sector and create an environment conducive to working safely. He also said that he was in favour of solving the problems of the financial sector and increasing credit flow. As per Article 239 of the Constitution, the CIAA is not allowed to regulate the private sector. The FNCCI has already drawn the attention of Prime Minister Pushpa Kamal Dahal, and Minister for Defense, and Law, Justice and Parliamentary Affairs, Purna Bahadur Khadka. Previously, Prime Minister Dahal committed to removing the provision citing that private sector cannot be regulated by the CIAA. [caption id="attachment_35583" align="alignnone" width="1000"] A delegation led by Federation of Nepalese Chambers of Commerce and Industry President Chandra Prasad Dhakal meets with CPN (UML) Chairperson and former Prime Minister KP Sharma Oli, on Saturday, April 22, 2023.[/caption] Present at the meeting on behalf of FNCCI were new executive committee members including President Dhakal, Senior Vice President Anjan Shrestha, Vice President (Industry Commerce) Sur Krishna Vaidya, Vice President (Commodity) Hem Raj Dhakal, Vice President (Associate) Jyotsna Shrestha, Treasurer Nirak KC. READ ALSO

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