First Business News Portal in English from Nepal
KATHMANDU: Finance Minister Yuba Raj Khatiwada is likely to step down today.
Khatiwada’s second tenure as the finance minister will come to an end on Saturday. Khatiwada has 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, the meeting of the Secretariat of Nepal Communist Party (NCP) on Thursday decided to recommend the party’s Vice-Chairman Bam Dev Gautam to the vacant seat in the National Assembly, which effectively ends any chance of Khatiwada continuing as the finance minister.
Though Khatiwada’s two-year tenure ended on March 3, he was reappointed as the finance minister for six months based on a constitutional provision.
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