Nepal, April 17 -- The High-Level Economic Reforms Advisory Commission has pointed out serious flaws in the appointment of regulatory bodies by the government at a time when the government has been dilly-dallying on appointing the governor of Nepal Rastra Bank (NRB).

A study report submitted by the Rameshwar Khanal-led commission to the government last Friday stated that the general public is losing confidence over the government's regulatory bodies mainly due to the decisions made in favour of vested interest groups.

"There is growing perception that the regulatory bodies are falling under the influence of vested interest groups," reads the report.

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