Kathmandu – Employees of the Nepal Securities Board have been on strike for the past two weeks, halting all daily administrative work and operations at the Board.
The protest was triggered after a letter issued by former Revenue Secretary Dinesh Kumar Ghimire, calling for the immediate repeal of the Employee Welfare Fund Regulations, 2014, and the Nepal Securities Board Employee Security Fund Regulations, 2018.
The employees are demanding the withdrawal of these regulations, arguing that they undermine the autonomy of the Board and could interfere with its regulatory functions. In solidarity with the strike, several organizations, including the Nepal Financial Institutions Employees Association, the Nepal Provident Fund Employees Association, the Nepal Re-Independent Employees Union, and the Nepal Investment Mega Bank Employees Union, have issued statements supporting the protest.
The employees argue that their autonomy as a regulatory body is being repeatedly challenged, and such actions could potentially affect the integrity and effectiveness of the Board’s work. They are calling for an immediate cessation of actions that could compromise the Board’s independence.
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