Government Plans to Harness Diaspora Skills, Capital and Networks
Summary
The Nepali government plans to mobilize the skills, capital, and networks of its diaspora, enhance social security, regulate labour sectors, and reform capital markets starting fiscal year 2083/84.
Key Points
- The government will mobilize Nepali diaspora skills, capital, and networks for national development and democratic participation.
- A new labour registry system with mandatory contracts, minimum wages, and safety standards across sectors will be implemented.
- Capital markets will be restructured to be more disciplined and investment-friendly, introducing new trading instruments and regulatory measures.
- Transparency in political financing will be enhanced, and multiple data systems will be unified for better policy formulation and monitoring.
