No Ceiling In Personal Property

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The dispute resolution subcommittee under the constitution committee of the Constituent Assembly has reached a decision not to impose any ceiling on personal property in the new constitution. According to the decision, there can be ceiling on the landholding under a law of the parliament, but no such ceiling will be fixed in the constitution.

According to former Finance Ministers Dr. Prakash Chandra Lohani and Dr. Ram Sharan Mahat, the subcommittee has also agreed that when the government acquires the land that may be above the ceiling fixed by the law, reasonable compensation must be provided.

The UCPN-Maoists and Nepal Workers and Peasants Party (NWPP) were insisting to fix a ceiling on personal property. The deadlock was broken after the Maoists relaxed their stance. However, NWPP as well as the Vaidya faction of the Maoists are still opposing the decision of the subcommittee.  

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