Kathmandu – Nepal’s commercial banking sector has reported a combined profit of Rs 30.5 billion by the end of Mangsir (mid-December, 2024) in the current fiscal year 2081/82. According to data from Nepal Rastra Bank, this figure marks a...

Kathmandu – The Health Insurance Reform Suggestion Task Force has proposed significant changes to Nepal’s health insurance program, including a progressive premium system and an increase in the premium amount from NPR 7,000 to NPR 15,000 annually. The report,...

Altadena, California, (Reuters) – The recent wildfires in the Los Angeles area have left communities like Altadena grappling with profound loss and uncertainty. At least 11 lives have been claimed, and over 10,000 structures have been destroyed or severely...

Kathmandu – In a landmark move to enhance financial integrity, the Nepal Insurance Authority (NIA) has established a separate Money Laundering Department to intensify surveillance of money laundering activities within the insurance sector. The new department is expected to...

Kathmandu – The Ministry of Finance, Government of Nepal, has announced the opening of applications for the position of Chairman of the Board of Directors of the Nepal Insurance Authority. The appointment will be made through an open competition...

Kathmandu – National Life Insurance Company Ltd. successfully organized a specialized training program for its agents and marketing staff in Kolkata, in collaboration with the Insurance Institute of India, College of Insurance. The initiative aimed to enhance the skills...

Kathmandu – The Nepal Association of  Financial Journalists (NAFIJ) has taken a historic step to ensure the safety and well-being of its members by providing group accident insurance worth Rs 165 million. This initiative covers 235 NAFIJ members and...

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited was held at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu today, where shareholders raised critical concerns over the company’s financial management and practices. A significant...

Kathmandu – The second annual general meeting of the government-owned Rastriya Beema Company Limited is being held today at Anmol Catering Services Pvt. Ltd., Shankhamul, Kathmandu. Despite the weight of unresolved complaints and non-compliance with auditing principles, the meeting...

Kathmandu – The Government of Nepal has begun drafting a bill to regulate alternative finance mobilization, aiming to diversify investment sources and support large-scale infrastructure projects. The Ministry of Finance is preparing the “Bill to Make Provisions Regarding Alternative...