At a time when universities are urged to cater quality education, and industries create an atmosphere to retain youths within the country, the Nepal Rastra Bank has recorded a hefty amount flown together with the students for foreign study.
In the last seven months of the current fiscal year, such an amount stood at Rs 64. 15 billion.
Similarly, travel spending in the service category has increased by 10.6 percent, reaching Rs 115. 88 billion in seven months. Among these, Rs 64.15 billion is spent in the education sector alone.
However, the spending for foreign education in the same period last year was Rs 66.64 billion.
The net service income has declined by Rs 50.22 billion in this period. (RSS)
