Kathmandu. Nepali Congress lawmaker Udaya Samsher JBR has said that the immediate separation of bankers and industrialists would create a big problem in the economy. Speaking at a discussion on the Banks and Bafia Bill in the Finance Committee of the House of Representatives on Thursday, he said that the principle of good governance does not mean that one person should also be a banker and also a businessman.
According to him, it is necessary to separate banks and industrialists. The provision in this regard should not be implemented even if it is kept in the section now. He argued that the act should be implemented 15 years after its implementation.
“If a person has a bank, he has to be a banker. Being a businessman is also not the principle of good governance. This leads to conflict of interest. I agree with that. But now the context of Nepal is different. We have to be practical too. Therefore, now promoters in Nepal have pledged their shares and now they have withdrawn money from other banks, not from their own banks. ‘
“We said we won’t get it, that’s fine. This is fine in terms of conflict of interest. But now it is that in practice there are 100, 150 big traders in Nepal. And now, as soon as we limit it exactly, there will be some liquidity problems in our economy. Therefore, I have proposed 15 years to implement this system, not to remove it,” he added.
According to him, if there is no conflict of interest in doing so, then banks and industrialists will not face any problem immediately. Stating that the economy is in a sensitive state at present, he said that the economy should not move ahead in haste.
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