Nepal Rastra Bank (NRB) Board Appointment: Ghanshyam Upadhyaya
13th February 2025, Kathmandu
Ghanshyam Upadhyaya, Secretary of the Ministry of Finance, has been sworn in as a member of the Nepal Rastra Bank Board of Directors. The ceremony took place today at the Supreme Court. Chief Justice Prakashman Singh Raut administered the oath.
Nepal Rastra Bank Board Appointment
Legal Framework Behind the Appointment
Upadhyaya’s appointment follows the Nepal Rastra Bank Act of 2058 (2001). According to Section 14, the Secretary of the Ministry of Finance is automatically a member of the bank’s board. Section 108(1) requires directors to take an oath before the Chief Justice or an appointed judge. This process ensures transparency.
Attendees at the Ceremony
Several prominent officials attended the event. Among them were Devendra Raj Dhakal, Chief Registrar of the Supreme Court, and Bimal Poudel and Bhadrakali Pokharel, Registrars of the Supreme Court. Muktinath Sapkota, Secretary of the Nepal Rastra Bank Board, also attended.
Importance for Nepal’s Economic Leadership
This appointment is significant for Nepal’s economic governance. Upadhyaya brings extensive experience in financial management. His expertise will support the central bank’s decision-making process.
The Nepal Rastra Bank ensures financial stability and regulates monetary systems. With Upadhyaya’s involvement, the board will have strong leadership to address the nation’s economic challenges.
Strengthening Financial Stability
Upadhyaya’s role is crucial at a time when Nepal’s financial systems need steady leadership. His insights will guide policies that contribute to long-term financial stability. The central bank aims to address economic needs through effective policy-making.
Expectations from the Appointment
The appointment is expected to improve the governance of Nepal Rastra Bank. With Upadhyaya’s experience, the board will likely develop stronger strategies. This collaboration between the Ministry of Finance and the central bank will help strengthen Nepal’s financial sector.
This strategic appointment enhances Nepal Rastra Bank’s leadership and solidifies its role in shaping the country’s economic future.
For more: Nepal Rastra Bank Board Appointment
