South Asian News Network

The Ministry of Finance’s mid-term review report states that during the first half of the current fiscal year, Nepal received remittances of Rs 763.08 billion. While net secondary income climbed by 4.2% to Rs 832.76 billion, remittance inflows increased by 4.1% over the previous year. Nepalis seeking clearance for the first time to work abroad climbed by 11.7%, while those seeking to renew their admission surged by 21.4%. In contrast to the previous year, when it was Rs 273.52 billion, the balance of payments was Rs 249.26 billion.