Challenge of managing rising remittance
Nepal is getting dependent on remittance income in the recent years. Around 450,000 youths go abroad for employment every year, which is equal to the work force produced by the country. This means that the country currently almost does not create any new job which was evident recently by the crowd thronging to apply for the temporary policemen to be deployed for the upcoming Constituent Assembly (CA) election.
Nepal is getting dependent on remittance income in the recent years. Around 450,000 youths go abroad for employment every year, which is equal to the work force produced by the country. This means that the country currently almost does not create any new job which was evident recently by the crowd thronging to apply for the temporary policemen to be deployed for the upcoming Constituent Assembly (CA) election.
Nepal is getting dependent on remittance income in the recent years. Around 450,000 youths go abroad for employment every year, which is equal to the work force produced by the country. This means that the country currently almost does not create any new job which was evident recently by the crowd thronging to apply for the temporary policemen to be deployed for the upcoming Constituent Assembly (CA) election.Nepal is getting dependent on remittance income in the recent years. Around 450,000 youths go abroad for employment every year, which is equal to the work force produced by the country. This means that the country currently almost does not create any new job which was evident recently by the crowd thronging to apply for the temporary policemen to be deployed for the upcoming Constituent Assembly (CA) election.
REMITTANCE IN NEPAL
Remittances to Nepal have a stronghold in the national economy and they have also transformed the lives of a large number of rural people. Remittance inflow in Nepal began with the entry of Nepalese youths in the British Indian Army during the World War I. Following this, there were increased remittances to Nepal when a large number of Nepalese youths joined the Indian army...
