Thursday 3rd April 2025
Kathmandu – The Supreme Court has summoned both parties for discussion regarding an interim order in the writ petition challenging the appointment of Sharad Ojha as the Chairman of the Nepal Insurance Authority (NIA), the regulatory body overseeing the insurance sector. A single bench of Supreme Court Justice Dr....
Kathmandu – A writ petition has been filed in the Supreme Court, challenging the qualifications and age of Sharad Ojha, who was recently appointed as the Chairman of the Nepal Insurance Authority. The petition, registered under case number 081 WO 1066, alleges that Ojha does not meet the required...
Kathmandu – A writ petition has been filed in the Supreme Court, challenging the qualifications and age of Sharad Ojha, who was recently appointed as the Chairman of the Nepal Insurance Authority. The petition, registered under case number 081 WO 1066, alleges that Ojha does not meet the required qualifications for the position. Advocate Indira Dhamala filed the petition under Public Interest Litigation, claiming...
Kathmandu – Nepal Insurance Company Limited successfully concluded its 76th Annual General Meeting (AGM) at Nepal Pragya Pratishthan, Kamaladi, Kathmandu. The AGM approved a dividend distribution of 15 percent bonus shares and 0.79 percent cash dividend (including tax) on the current paid-up capital for shareholders. Additionally, the meeting authorized the Board of Directors to amend the company’s Memorandum of...
Editorial The recent case of Surya Prasad Silwal, a central figure accused of institutional corruption in Nepal’s insurance sector, marks a pivotal moment for the Nepal Insurance Authority (NIA). With the Commission for the Investigation of Abuse of Authority (CIAA) formally filing a case against him, the curtain has fallen on a regime that many believe embodied a deep-seated...
Kathmandu – A recent study has revealed that climate change and uncontrolled urban activities resulted in approximately $310 billion in economic losses worldwide in 2024, significantly impacting the global insurance sector. The increasing frequency and severity of natural disasters such as fires, floods, landslides, and storms have placed immense financial pressure on insurance companies. The study, conducted by Swiss...
Kathmandu – Commercial banks in Nepal have witnessed a notable rise in both deposits and loans during the first eight months of the current fiscal year 2081/82. According to data from the Nepal Bankers Association, deposit collection increased by 5.62%, while lending grew by 6.12% during the period. As of the end of month of Ashar (mid-July, 2024) 2080/81, commercial banks had collected a total of Rs 5.715 trillion...
