Cause of the Insurance Authority Decision, Facing the Difficulty to Government, Planing to Game to Sank the government company

Kathmandu ; Decision of Nepal Insurance Authority’s to increase the capital of reinsurance companies at 20 billion, Without asking to government taken a decision regarding the increased capital of reinsurance company by forceful.

Due to the decision of the Nepal Insurance Authority, the government will have to invest more than one billion in the Nepal reinsurance company. The government of Nepal is currently struggling with financial shortages. When the total revenue of the government is unable to cover the current expenses, the government is running the country by taking loans, because of the decision of insurance authority, the government has to invest more than billions.

The regulatory body Nepal Insurance Authority decided to increase the capital of the reinsurance company on the basis of any imagine. On the basis of that decision, government companies have faced difficulties, while the owners of private companies have opened the way to become rich overnight by investing money for shares and capitalizing up to seven times. According to a reliable source, the Ministry of Finance is discussing whether the government should investigate the insurance authority itself, which made a policy decision in favor of the private company by causing problems to the government and government companies.

After the authority decided to increase the capital, it submitted a file to the Ministry of Finance asking permission for the capital increase of Nepal Reinsurance Company. The proposal was sent back to the Cabinet with strong objections. After returning the file related to the capital increase of Nepal Reinsurance Company from the Council of Ministers, what will be the decision to increase the capital of that company? The Nepal Reinsurance Company, which is under the action of the regulator, is also in trouble because the government is unable to invest money and does not increase its capital.