NRNA President Slams Bureaucracy, Calls for Easing Investment Hurdles for Overseas Nepalis

Dr. Badri KC, President of the Non-Resident Nepali Association (NRNA), has complained that the government and bureaucracy are becoming obstacles for overseas Nepalis wishing to invest the capital earned through their hard work in Nepal.

Speaking at the NRNA General Assembly on Saturday, he demanded that the government create an environment conducive to investment and immediately resolve legal hurdles. President KC stated that while it is possible to bring in not only foreign investment but also investment from Nepalis themselves, the minimum and maximum investment limits stipulated in the existing laws are causing problems.

"Is there a limit on money too? Let the path be opened for investing the money earned through blood and sweat abroad in one's own land to make the country prosperous," KC said, "We are not trying to immediately repatriate the profits from the investment we bring. Let our children study here, let them build houses and buy vehicles here. Why are obstacles being placed on bringing money?"

He expressed strong dissatisfaction with the working style of the ministries and the bureaucracy, noting that the 10 billion Nepali Rupees 'NRNA Nepal Development Fund,' initiated five years ago, has still not progressed due to the lack of a simple government document. He claimed that if there were no government obstacles, 10 billion could be collected in just one month, as 370 million was gathered in a 15-day campaign alone.

At the program, President KC also lamented that the 'Non-Resident Nepali Citizenship' rights, whose distribution began two and a half years ago, has become merely a piece of paper because the law clarifying the rights has not been enacted. He demanded that the NRNA Citizenship Act be passed by the parliament and brought into implementation within the current government's 100-day program.

Furthermore, he sent a message that the NRNA, which was previously divided into three factions, is now united, and urged all Non-Resident Nepalis to preserve this unity.