KATHMANDU, Feb 17: The number of candidates opening bank accounts for the upcoming House of Representatives (HoR) polls has gradually increased.
The Election Commission (EC) has mandated that candidates open bank and financial institution (BFIs) accounts to keep records of all financial transactions for election purposes.
Lending slows as banks focus on recovery of loans at fiscal yea...
As of now, 671 candidates have submitted their bank accounts to the EC, according to the EC's Joint Secretary and Spokesperson Narayan Prasad Bhattarai.
As per the election laws, the political parties and candidates contesting the HoR elections scheduled for March 5 should spend their money only through the banking channel, a tool to ensure transparency in electoral spending.
Secretary at the EC, Krishna Bahadur Raut, said that some candidates from the remote districts, including Kalikot, have already submitted their bank account at the EC and expect the candidates from other districts to open and submit their bank account details.
RSS
