Regulations will be revised for NRNA's development fund: Minister Khanal
Summary
Finance Minister Rameshwor Prasad Khanal commits to revising regulations for the Non-Resident Nepali Association's development fund, aimed at mobilizing Rs 10 billion for Nepal's infrastructure with substantial NRN participation.
Key Points
- Finance Minister Rameshwor Prasad Khanal announced plans to revise regulations for the NRNA's development fund.
- The fund aims to raise Rs 10 billion to invest in Nepal's infrastructure sector.
- NRNA President Mahesh Kumar Shrestha emphasized 85% NRN participation in IPO for the fund.
- Government will hold 5% stake while 95% investment will come from Non-Resident Nepalis.
