Nepal to investigate the assets of people holding public offices in the last 20 years

Kathmandu (Nepal) – The Nepal government has announced the formation of a commission to investigate the assets of prominent leaders and senior officials who have been in power in the last two decades. The decision was taken in the backdrop of rising corruption allegations. During this period, the Nepali Congress and the CPN (UML) parties ruled the country. The leaders of these parties are accused of amassing huge wealth by misusing their power. Former Prime Ministers Sher Bahadur Deuba, KP  Sharma Oli and Pushpa Kamal Dahal ‘Prachanda’ are also being investigated for allegations of financial irregularities.

The decision is part of the 100-point reform agenda of Prime Minister Balendra Shah’s new government. The first phase will investigate cases from the years 2006 to 2026, and the second phase will look at cases from the period 1992 to 2006.

Nepal to collect tax from Indians living on the Nepal border

According to the new rules of the Nepal government, it has been made mandatory to pay ‘Bhansar’, i.e. customs duty, on any goods worth more than Rs 100 from India to Nepal. Even the purchase of daily necessities like pulses, oil, sugar, vegetables can be subject to a duty ranging from 5% to 80%.

Editorial Perspective

India should also conduct an inquiry of the assets of politicians and administrative officials who have been in power in the last 80 years and if found guilty, all assets should be confiscated.