Accounting Board, Insurance Authority Discuss NFRS 17 Implementation

Kathmandu — Nepal Accounting Standards Board Chairman Ramesh Kumar Dhital and Nepal Insurance Authority Executive Director Sushil Dev Subedi held a meeting to discuss the implementation of NFRS 17 and other financial reporting issues in the insurance sector. Subedi...


Life Insurers See NPR 13.77 Billion in Policy Surrenders

Kathmandu — Life insurance companies paid out NPR 13.77 billion through policy surrenders during the fiscal year 2025/26, while more than 1.03 million policies were not renewed, according to data released by the Nepal Insurance Authority. The surrender amount...


Sun Nepal Life CEO Returns to Work After CIB Probe

Kathmandu — Sun Nepal Life Insurance CEO Raj Kumar Aryal has returned to work after a four-month investigation by Nepal Police’s Central Investigation Bureau (CIB) found no irregularities against him, according to the company. CIB arrested Aryal on March...


China-South Asia Conference Begins in Kathmandu

Kathmandu — A two-day international conference titled “China and South Asia in a Multipolar World” began in Kathmandu on Friday, bringing together scholars and experts from Nepal, China and India to discuss the evolving geopolitical landscape of South Asia. The...


Government Targets to Payout NPR 12 Billion Health Insurance Next Month

Kathmandu — The government plans to clear NPR 10 billion to NPR 12 billion in outstanding health insurance payments by mid-September, as part of efforts to strengthen the financial sustainability of the national health insurance program. Speaking at a...


Daraz Launches 8.8 Great 8 Sale with Discounts, Daily Rewards

Kathmandu — Nepal has launched its 8.8 Great 8 Sale, offering customers discounts of up to 70 percent, free delivery and Rs. 5 million in vouchers. The sale will run from 8 p.m. on Aug. 7 to Aug. 12 and...


Pakistan Embassy Holds Kathmandu Seminar on Kashmir

Kathmandu — The Pakistan Embassy in Kathmandu on Thursday organized a seminar titled “Kashmir’s Political Future: Legal, Diplomatic, and Strategic Perspectives,” bringing together journalists, writers, analysts and human rights activists. During the event, messages from Pakistan’s President Asif Ali...


Bangladesh Embassy in Kathmandu Marks July Mass Uprising Day

Kathmandu  — The Embassy of Bangladesh in Kathmandu on Wednesday observed July Mass Uprising Day, marking the second anniversary of the 2024 movement that led to major political change in Bangladesh. The event began with a minute of silence in...


AI Offers Developing Nations like Nepal a Chance to Leapfrog Decades of Development: World Bank Report

Washington —  Artificial intelligence (AI) could help developing countries such as Nepal achieve in a decade what might otherwise take a century, provided governments move quickly to strengthen electricity supply, internet connectivity, digital skills and public institutions, according to...


Nepal Insurance Authority Chair Selection Remains in Limbo

Kathmandu — Two months after applications closed for the appointment of the Chairperson of the Nepal Insurance Authority, the government has yet to disclose the list of applicants or provide an official update on the selection process, raising questions...