Govt tightens noose on manpower companies « Khabarhub
Friday, June 21st, 2024

Govt tightens noose on manpower companies


12 February 2019  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU: A parliamentary panel has endorsed a proposal to jack up cash deposit and bank guarantee to establish a manpower agency by up to 29 times to tighten a noose around companies that do not work in the interest of the foreign job aspirants, reported The Himalayan Times.

According to the report, if manpower agencies intend to export 3,000 workers per year, they have to deposit Rs 5 million in government coffers and furnish a bank guarantee of Rs 15 million to start operation.

Similarly, those intending to export 3,000 to 5,000 workers per year must park Rs 10 million in state coffers and present a bank guarantee of Rs 30 million to operate their business.

Likewise, the agencies that export over 5,000 per year must deposit Rs 20 million in state coffers and furnish a bank guarantee of Rs 40 million to start operation, according to the report.

Publish Date : 12 February 2019 07:42 AM

Maldhunga-Beni road to close for 13 days

PARBAT: The Maldhunga-Beni road will be closed to vehicular traffic

Torrential rain forecast in Gandaki Province; Govt urges caution against floods and landslides

KATHMANDU: The Department of Hydrology and Meteorology has forecasted torrential

Ruling alliance reaches agreement on ambassador appointments

KATHMANDU: The three key parties of the ruling alliance—CPN (Maoist

Rasuwa customs collects Rs 585.5 million in fines

RASUWA: The customs office in Rasuwa has collected Rs 585.5

International Day of Yoga being celebrated today

KATHMANDU: The 10th International Day of Yoga is being celebrated