8 billion paid up capital marks NRB for Commercial Bank in Nepal

 The Central bank of Nepal has issued a new monetary policy directing banks and financial institutions to raise their  paid-up capital to 8 billion in the next two years. The decision cams in action while unveiling the Monetary Policy 2015-16.  NRB Governor Chiranjibi Nepal said commercial banks would have to increase minimum paid-up capital from existing Rs 2 billion to Rs 8 billion by mid-July 2017.

Following  National-level development banks  to raise minimum paid-up capital from Rs 640 million to Rs 2.5 billion by mid-July 2017, while national-level finance companies, including those operating in four to 10 districts, will have to jack up minimum paid-up capital from Rs 300 million to Rs 800 million.

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My Recommendation for the New Constitution

Please find attached my recommendation and suggestion

The current constitution is very vague about various topics where political leaders have become smarter in making their presence and power superior. ‪#‎Constitution_of_Nepal‬ should be above everything not political leaders, Political leader should not have the full power being in control. They are the there as part of their social responsibility which needs to be well understood. They are they for the public and country not for their party. The limited political approach and bad political culture has resulted this country into political crisis of today. we do not want to transcend the same culture upon the coming generation. Political aspiration should not be bigger than the country, it should be for the public and welfare.      

1. Citizenship should be simplified in terms of being valid by official birth documents and one parent rule. As for the rich, it is easy but for the poor its even hard to find a visibility in terms of existence and identity so making it rigid in terms normal citizen of family legacy is very hard for the poor.

2. Judiciary system should be independent, no manipulation by political leaders, especially in regards to the appointment and promotion should be done. It should remain independent in every aspect of it management and operation. Judiciary and its management should be done by judicial council with prominent mechanism of performance and qualification with no political intervention.

3. Security council should have a representation of President and CoAS. it is utmost important for a mulitstakeholder approach in terms of security council. Compromising the security council of only political leaders will jeopardize the country's sovereignty and pride at all times. we do not trust our politics as they have no political culture and faith so its better to avert the risk then to put faith on them.   
4. There should be a provision of electing public nominate representative to state leading bodies. Similarly,   political parties must be monitored in terms of their action. I think its high time there should be a provision in the constitution regarding a mechanism to monitoring the political culture. Political leaders specially are more prune to power and publicity where they are not responsible towards their country and people. If the country's religion is utmost important then the people who run should have a code of conduct   which is utmost important.

5. ‪#‎Nepal_Army‬ should be left independent. Nepal Army is the only institution that should be left independent. the discipline and the management of the organization is very well testament of how it has maintained its pride and prestige. So this organization should not be leveled with other government organization. The pride of being #Nepal_Army should be retained by Nepal Army Act only
 
6. Religion facts should not be included in the constitution, its the right of public so it should not be touched. secularism completely describes its  practice and nature so it should be left alone.
Nepal is a secular country that defines the practice.

7. Every Nepali should have the right to be who he is and what he wants by every means possible. Regarding the international convention and standards also there should be a provision of automatic mandate as we have adapted globalization so there is a possibility of huge confrontation in-terms of practice and definition.

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