NewsFix
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Govt to take all bank deposits meant for disaster relief

Go down

Govt to take all bank deposits meant for disaster relief Empty Govt to take all bank deposits meant for disaster relief

Post by Guest Fri May 01, 2015 7:00 pm

KATHMANDU, MAY 01 - The Nepal Rastra Bank (NRB) issued a circular to A, B and C class banks in the country on Thursday afternoon stating that all the amount deposited in them for the purpose of relief for Saturday’s Great Quake will be automatically transferred to the Prime Minister’s Relief Fund.

“Due to the disaster caused by the Great Quake, all the accounts opened in banks and financial institutions by different organisations for collecting donations will be earmarked and the amount in them will be transferred to the Prime Minister’s Relief Fund,” read the circular.

The NRB has cited the powers conferred to it by section 79 of the Nepal Rastra Bank Act, 2002 for issuing the circular.

The central bank has also asked the financial institutions to send daily reports of total deposits in those accounts.

Onlinekhabar reported that Finance Minister Ram Saran Mahat brought the proposal at Thursday’s cabinet meeting.

Posted on: 2015-05-01 12:52 http://www.ekantipur.com/2015/05/01/top-story/govt-to-take-all-bank-deposits-meant-for-disaster-relief/404711.html]http://www.ekantipur.com/2015/05/01/top-story/govt-to-take-all-bank-deposits-meant-for-disaster-relief/404711.html

Guest
Guest


Back to top Go down

The author of this message was banned from the forum - See the message

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum