Finance Minister Janardan Sharma resigns

Following widespread criticism and public outcry, Finance Minister Janardan Sharma resigned from his post on Wednesday.

He announced his resignation after putting his views in the Parliament meeting this afternoon.

Sharma was embroiled in controversy after he invited two unauthorized persons to tweak taxes a day before he presented the budget in the Parliament on May 29.

Leaders from the ruling and the opposition parties had been demanding resignation of him.

Earlier this afternoon, the House of Representatives formed a parliamentary committee to investigate Finance Minister Janardan Sharma's alleged role in inviting outsiders to change tax rates.