Parliamentary committee issues directives on Ncell share purchase issue

Kathmandu: Following the summons of Prime Minister Pushpa Kamal Dahal for discussions on the Ncell share purchase and sale issue, the State Affairs and Good Governance Committee meeting issued six directives on Tuesday. The directives are based on the findings of the ‘Study and Investigation Committee on Ncell Share Purchase and Sale – 2080’ report.The first directive emphasizes the government’s responsibility to collect taxes owed or to be paid by Ncell to the state.
The instruction specifically reads, “Based on the report of the ‘Study and Investigation Committee on Ncell Share Purchase and Sale – 2080’ formed by the Government of Nepal, instructions are given to the Government of Nepal, the Office of the Prime Minister and the Council of Ministers, the Ministry of Finance, and the Ministry of Industry, Commerce, and Supplies to recover the tax/non-tax amount due to the state from Ncell according to the prevailing law.”

Additionally, the committee has ordered authorities not to grant approval or consent for any share transactions until the inquiry committee submits its comprehensive report. This move is aimed at ensuring a thorough investigation into the matter before any further transactions take place.

Furthermore, the government has been directed to promptly amend the Telecommunication Act and Regulations. The implementation of these amendments is encouraged to be swift to address any gaps or issues identified in the current legal framework.

The directives issued by the State Affairs and Good Governance Committee underscore the government’s commitment to transparent and accountable practices in the realm of business transactions, particularly in the telecommunications sector. As the investigation progresses, stakeholders are closely monitoring the developments to uphold the principles of good governance and fair business practices.