First Business News Portal in English from Nepal
KATHMANDU: The meeting of the Secretariat of Nepal Communist Party (NCP) today decided to recommend the party’s Vice-Chairman Bam DevGautam to the vacant seat in the National Assembly, which effectively ends any chance of Yuba Raj Khatiwada continuing as the finance minister.
A seat in the National Assembly (Upper House) had been vacant since Khatiwada’s two-year tenure ended on March 3. However, Khatiwada was reappointed as the finance minister for six months based on a constitutional provision.
Khatiwada’s second tenure as the finance minister will come to an end on Saturday. Khatiwada had to become a member of one of the two Houses of the Parliament within six months of his reappointment to continue serving as a minister.
However, today’s decision made by the ruling party to recommend Gautam to the National Assembly has ended any chance of Khatiwada continuing as a minister.
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