A cabinet source informed myrepublica.com that the MOF on Tuesday proposed former NRB governor Ganesh Bahadur Thapa and Professor Rudra Prasad Upadhyaya as two members of the committee. As per the Section 15 of Nepal Rastra Bank Act 2002, finance minister will be the chairperson of the committee.
As per the Act, the three-member committee will recommend names of three persons -- renowned in the field of economic, monetary, banking, finance, commerce, management, commercial law and from among the deputy governors -- to the cabinet.
The cabinet meeting that is scheduled for Wednesday will appoint one person from among the three recommendations to the post of governor of the NRB for five years. The tenure of present governor Bijaya Nath Bhattarai, who was appointed to the post of governor on 31 January 2005, is ending at the end of this month.
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