KATHMANDU, Jan 3: For years, a significant number of Nepali youths have been seeking employment abroad due to the challenges of finding jobs within the country. The lack of interest among Nepali youths in the available domestic job opportunities has resulted in a significant surge of foreigners coming to Nepal to work in various fields. The remittances sent back to their home countries by these foreign workers contribute significantly to their economies. In the first five months of the current fiscal year (mid-July to mid-December), 414 foreign nationals were granted work permits in Nepal, while during the same period, approximately 300,000 Nepalis migrated abroad for employment.
KATHMANDU, Dec 22: After returning from foreign employment, the economic status of the returnee migrant workers, which should be relatively improved, seems to be still at risk. A study found that they are at a greater financial risk after returning to their home country.
KATHMANDU, Dec 13: At a time when unemployment is rising in the country, the government is going to spend about Rs 6 billion to create job opportunities. Around 60,000 unemployed individuals will be provided employment in the construction and maintenance of community infrastructure.
KATHMANDU, June 12: Lawmaker and former Finance Minister Bishnu Prasad Paudel has said that the budget for the upcoming fiscal year 2023-24 has failed to accept the reality of economic slowdown and to fall in line with the government policies and programs.
KATHMANDU, May 21: Although the government time and again reiterates to implement austerity measures by curtailing its unproductive expenses, the government seems to have included a number of populist programs in the upcoming budget for the fiscal year 2023/24.