Kathmandu. In the recent meetings of the Finance Committee, there has been a heated debate on Indian currency notes. In the meeting attended by the Governor, the lawmakers questioned that Indian tourists coming to Nepal could not spend due to the fact that indian tourists coming to Nepal were allowed to bring less rupee notes especially when they came to Nepal from India.
Chief Whip of Rastriya Prajatantra Party Gyan Bahadur Shahi said in a meeting of the Finance Committee on Thursday that many hotels have reduced the movement due to the strictness of bringing indian currency notes to Nepal.
Chief Whip Shahi said, “Most of the hotels opened in Nepal are due to tourists coming from our neighboring country India. Here people have invested crores of rupees in big hotels. Three-star-level hotels are being run every five kilometres from Dhulabari in the east to Dodhara Chandni in the west. Why these hotels have been opened is that Indian tourists should come and spend. However, nepal rastra bank’s rules became a policy to bring rupee notes by keeping a limit. ‘
“Nepal’s business came to a standstill due to that policy. There is no obstacle in the constitutional provision that notes cannot be brought. There is no act in Nepal. This has been stopped only after the Governor of Nepal Rastra Bank issued a directive. This has brought Nepal’s economy to a standstill. We need to know what happened,” he added.
Not only did Shahi ask questions about the rupee note, another ruling party UML lawmaker Surya Bahadur Thapa Chhetri also questioned. He said nepal’s policy has not been able to bring it in rupees and the tourism sector has been affected.
UML lawmaker Thapa said, “We will discuss about the policy in a way that attracts tourists and gives a significant boost to the economy.” But for three years, indian tourists coming to us were not able to bring money to spend. This situation has to end because of our laws. If our policy has been controlled and the economy has been damaged, action should be taken. ’
Finance Committee President Santosh Chalise directed Governor Bishwanath Poudel to answer the questions of Shahi and Thapa. But he didn’t want to give it. Governor Poudel urged Nrb Executive Director Guru Prasad Poudel, who was also present in the meeting, to respond. Executive Director Poudel said that indian citizens will not be allowed to bring more than Rs 100 notes when they bring the income earned from India to Nepal.
Executive Director Poudel said, “Indian citizens cannot bring high-value notes above Rs 100 when they bring the money earned in India to Nepal. Not a single one is found. That is because of Nepal and India’s own policy arrangements. But Indian rupees worth $ 5,000 can be brought through customs checks. That is, you have to bring small notes below 100. Five thousand dollars can be brought up to 4 lakh rupees. I want to clarify. ’
According to Executive Director Poudel, bringing more than 5,000 dollars or equivalent foreign currency should be brought after passing the customs check. It is available only when there is a special reason to take cash of more than 1 million Nepali rupees. He said he would not get it at other times.
Shahi was not satisfied with the reply of Rastra Bank Director Poudel. Shahi questioned why rs 500 notes were banned in Nepal. He said that rs 2,000 notes will also be available in India, but it cannot be done in Nepal.
The committee chairman also ruled again with Rastra Bank Director Poudel to answer which law would not allow shahi’s question to be brought. In response, Poudel said that there was no need to formally sell rs 500 notes to India when rs 500 notes were banned overnight in India as nepal’s banks had many notes of Rs 100 and Rs 500.
According to him, despite repeated requests to India, the old notes are still unchanged. He said that a discussion was held with India in the meantime, adding that the Indian side can bring more than 100 rupee notes to Nepal but citizens cannot carry them.
The same rule was implemented in India. He said that the Rastra Bank has also been forced to tighten the risk of replacing nepali notes when citizens are carrying large Indian notes. Finance Minister Bishnu Prasad Poudel has given his reply in the meeting of the Committee on Friday. According to him, it is not only because of Nepal but also because of India.
According to him, rs 4 00,000 can be brought to the customs without declaring and Rs 6 00,000 by declaring it. Payment can be made through QR code and card. He made it clear that nepal’s decision on rs 500 notes was not the only reason to return to India.
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