Amid criticism for its commercial ventures, the Nepal Army now seeks to invest in projects of high returns
Click here to read full article from source
Kathmandu, Aug. 1 -- The Nepal Army seems to have an unquenchable thirst for business, even though it has faced much criticism for its overly increasing involvement in commercial activities.
The national defence force has submitted a draft bill for a revision to the Nepal Army Act, seeking legal clearance to invest money from its welfare fund in business activities "as a promoter." It had been lobbying for the same for the last few years.
Judge Advocate General Ranta Prakash Thapa, who is in charge of the Army's legal department, said they are expecting that their draft bill soon gets government approval before it goes for parliamentary ratification.
The national defence force on July 16 submitted the draft to revise the Nepal Army Act...
To read the full article or to get the complete feed from this publication, please Contact Us