KATHMANDU, August 18: Business leaders and trade union leaders have termed the recent passage of Labor Act and Social Security Act as a milestone achievement in a journey toward forging better employer-labor relationship. 

Speaking at an interaction organized by the Federation of Nepalese Chambers of Commerce and Industries (FNCCI), leaders of the private sector and trade unions said that the passage of both acts was a win-win situation for both employers and workers.   
They also said that the new laws will help to end bitter relationship between the employers and laborers. 

“These acts will play an important role in establishing cordial labor relationship and better management of Nepal's labor market,” FNCCI President Bhawani Rana said. “The crucial laws will help to create jobs and steer the country toward prosperity,” she added.

While the Contribution-based Social Security Act, 2074 has already been authenticated by the President, the parliament recently approved the Labor Act, 2073.

FNCCI Senior Vice President Shekhar Golchha said that one of the major challenges of doing business in Nepal had been the labor tension which will be now addressed by the two new acts. 

Similarly, Chandra Dhakal, president of the Employers' Council of the FNCCI, said that the new Labor Act has ensured labor rights for workers of small to large-scale enterprise. “The new law will make the collective bargaining process more systematic,” he said.
Trade union leaders have also echoed the sentiment of business leaders. 

Bishnu Rimal, the president of General Federation of Nepalese Trade Unions (GEFONT), said that the two laws have ensured environment for private sector to do their businesses and laborers to work in fearless environment. Similarly, Khila Nath Dahal, president at Nepal Trade Union Congress, said that the passage of the two laws has created a 'win-win situation' for both workers and business firms. 

Also speaking at the program, ILO Nepal Director, Richard Howard, said that the implementation of these two laws will help in job creation. Similarly, Binda Pandey, a deputy member of the Governing Body of the ILO, said that elected local governments should also be included in the process to implement the new laws. 

 
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