Government to restructure NEPSE & enforce mandatory social security contributions

KATHMANDU: President Ramchandra Paudel, presenting the government’s policy and program for the fiscal year 2082/83 (2025/26) in Parliament on Friday, announced major reforms aimed at enhancing financial transparency and social welfare systems in Nepal.

One of the key highlights includes the restructuring of the Nepal Stock Exchange (NEPSE) to improve the capacity and transparency of the capital market.

The President also emphasized the strengthening of the Securities Board of Nepal (SEBON) to ensure better regulation and oversight of the country’s securities market.

In a significant move towards social security reform, the government has decided to make the Contribution-Based Social Security Fund mandatory for all employees across various employment terms and sectors. “All types of employees, regardless of the nature of their employment, will be mandatorily enrolled in the fund,” Paudel said. Organizations including companies, cooperatives, firms, and institutions will now be required to provide proof of regular contributions to the fund during their renewal process, with legal provisions to be enacted accordingly.

In the education sector, the government has announced plans to review teacher quotas and establish a Teacher Bank in collaboration with universities. “A Teacher Bank will be established in partnership with universities, and teacher deployment standards will be revised,” stated President Paudel. A national standard for teachers will also be implemented.

Additionally, residential schools will be opened in geographically remote areas, and efforts will be made to make higher education more research-oriented.

The government also plans to implement quality education standards at the local level, and allocate university grants based on student numbers.