Regulations will be revised for NRNA’s development fund: Minister Khanal
Summary
Finance Minister Rameshwor Prasad Khanal commits to revising regulations to support the launch of the Non-Resident Nepali Association's development fund aimed at infrastructure investment in Nepal.
Key Points
- Finance Minister Rameshwor Prasad Khanal committed to revising regulations for the NRNA's development fund.
- The fund aims to facilitate investments by Nepalis worldwide in Nepal's infrastructure sector.
- NRNA President Mahesh Kumar Shrestha emphasized ensuring 85% participation in the IPO.
- A Rs 10 billion fund will be established with 95% investment from NRNs and 5% from the government.
