Nepali parliamentary body asks govt to nationalise king's property

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KATHMANDU, July 9 (XINHUA): The Parliamentary Finance Committee (PFC) has asked the Nepali government to immediately work to nationalize the king's property, The Himalayan Times reported Monday.
According to the daily, the committee submitted its report to the parliament Sunday.
The report, related with the Principle and Priority of the Appropriation Bill for allocating budget of the fiscal year 2007/ 08 starting in mid-July, said "The act of nationalizing the king's property should be implemented immediately."
The PFC has also asked the government to improve law and order in the country to conduct a free and fair Constituent Assembly election and underscored the need to prioritize tasks related with rehabilitation, reconstruction and reintegration.
It said that the law and order situation should be improved also in order to create an environment favorable for national and international investment.
It has suggested the government implement the NRN (Non Resident Nepalese) Act immediately and amend the law that bans Nepalis from investing in foreign lands.
The government should adopt a policy of attracting national and international investment in hydropower sector, the report said.