Nepal cabinet approves ordinances on investment board and SEZ

Kathmandu, Jan 29 (ANI): Nepal Cabinet has promulgated two ordinances, one on forming the investment board and another on Special Economic Zones (SEZ).

Nepalnews quoted government spokesperson and the Minister for Information and Communication Krishna Bahadur Mahara as saying that the government has endorsed two ordinances on investment board and SEZ.

The ordinance on SEZ was introduced to declare certain parts of the country special economic zones such as the industrial sector by providing special facilities and guaranteeing that products from such zones were exported.

The government has already started the process of declaring some parts of Nepal such as Birgunj and Bhairahawa as special economic zones.

The cabinet also agreed to introduce ordinances to form a commission of inquiry on disappeared persons and on social reforms.

These ordinances are aimed at implementing the Prime Minister Prachanda's recent address to the nation.

The government can issue ordinance, which has to be approved by parliament within six months.

However, the Nepali Congress (NC) leader Dr. Ram Sharan Mahat has deplored the government for bringing out ordinances 'by sidelining the parliament.'

He said that the introduction of ordinances instead of legislations at the parliament smacked of Maoists' totalitarian attitude. (ANI)