Ban on the import of various luxury goods was met with an array of reactions across the country. This drastic decision was taken by the Ministry of Industry, Commerce, and Supplies to salvage the economic situation in the country as the FOREX (Foreign Exchange Reserves) declines rapidly.

Typically, remittance from foreign employment contributes to about 30% of the GDP (Gross Domestic Product). Ironically, although the number of migrant workers receiving permits had increased this fiscal year, the amount of remittance went down. According to the data released by Nepal Rastra Bank, remittance for this fiscal year was Rs. 540.12 billion while it was Rs. 567.7 billion last fiscal year—going down by about roughly 5.10%.