New Law in Nepal to make mandatory for children to deposit percentage of income in parents account

The Nepal Government is going to introduce a new law which will make it mandatory for the children to deposit 5 to 10 per cent of their income into the bank accounts of parents to ensure their wellbeing, a spokesperson said.

According to prime minister’s press advisor Kundan Aryal, a Cabinet meeting has decided to present a Bill on amendment to the Senior Citizen Act-2006 with such a provision at the Parliament.

“The main objective of the proposed Bill is to ensure the security of senior citizens,” Aryal told.  “There have been reports that people who are rich have been neglecting their parents. We are introducing the law to discourage the practice and ensure security for elderly people,” Aryan said.