The Himalayan Times | 11 February 2019
A parliamentary panel has endorsed a proposal to jack up cash deposit and bank guarantee required to establish a manpower agency by up to 29 times and 17 times, respectively, in a bid to tighten the noose around companies that do not work in the interest of overseas job aspirants.
The new security deposit thresholds for manpower agencies are included in the Foreign Employment Act, which was amended and approved by the Law, Justice and Human Rights Committee of the Federal Parliament today.
“The revised act will soon be forwarded to the Parliament and the president’s office before it is enforced,” committee Chairperson Krishna Bhakta Pokharel said.
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