Creating jobs post Covid-19

The Covid-19 pandemic and the subsequent lockdown have led to the loss of jobs across the country. According to a recent survey report published by Nepal Rastra Bank (NRB), in the four-month-long lockdown, that started in March, 61 percent of businesses shut down completely and businesses laid off a quarter of their employees. On top of the number of people rendered jobless within the country, migrant workers returning home due to layoffs abroad have also increased the number of people looking for work. However, with the rise in Coronavirus caseloads, work is becoming scarce and there is no certainty that economic activity will return to normal any time soon. Continue reading…