Kathmandu, June 27 -- The government is giving final touches to a bill under which licenses to operate private schools will be granted on the condition that operators don't use their profits for personal benefit.

The draft education bill, which will replace the prevailing Education Act, envisions turning school education into a non-for profit sector. As the new law won't have a retrospective effect, it will not be applicable to schools already in operation under the company law.

"Private schools will get permission on the condition that investors don't use their profit for personal benefit," reads one of the clauses of the bill. Currently, a majority of private schools are registered under the company law,which allows investors to use p...