KATHMANDU: The government has decided to make a legal arrangement against usury.
The Council of Ministers meeting held on Tuesday has decided to amend the Criminal Code and other laws and to declare crime on usury. i
The minister informed that it was decided to send the bill to the committee of the Council of Ministers to complete the process of amending the law.
Earlier, the Prime Minister had instructed this to prepare the draft law for resolving the problem of people affected due to loan sharking and the draft has already been readied.
It is said preparations are being made to give approval to the Ministry concerned to register a bill against usury in the parliament as the government has already prepared the draft law to address the demands of the usury victims.
The government has also formed a committee to hold talks with and listen to the victims of loan sharking who have arrived in the federal capital itself and are waging a protest for some days.
Joint Secretary at the Ministry of Home Affairs, Rudra Devi Sharma is the convenor of the talks committee. The members of the committee include Under Secretary at the Ministry Dil Kumar Tamang, Under Secretary at the Office of the Prime Minister and Council of Ministers, Umakanta Adhikari, and Under Secretary at the Ministry of Law, Justice and Parliamentary Affairs, Janga Bahadur Danga.
