Tighten your fiscal belt or sink: IMF ED Krishnamurthy Subramanian warns select states

Himachal Pradesh, Kerala, West Bengal, Andhra Pradesh must cut unproductive expenditures, says Krishnamurthy V Subramanian. The former Chief Economic Advisor also said that states with large revenue deficits will find it tough to get out of debt as these...


Payment of Insurance Claims provided by Citizen Life Insurance, Itahari

Citizen Life Insurance Company Tarahara branch has paid 745 thousand 940 rupees for the insurance claim. The company decided to handover the amount after Udesh Rai of Itahari of age 19 committed suicide. Udesh had made his insurance of...


Critical Illness and Death Claim Payment provided by Citizen Life in a same day

Kathmandu: Citizen Life Insurance Company Limited has paid insurance claims for fatal disease and death on the same day.  The Bijuwar branch of the company organized a program and handed over Rs.957 thousand for terminal illness and Rs.1.4 million...


Amendment of the integrated guidelines of Purbadhar Bikas Bank, relief package for troubled borrowers, what other provisions are there?

Kathmandu : Central Bank has issued the integrated guidelines issued to Purbadhar Bikas Bank. Guru Prasad Paudel, Executive Director of Central Bank, has issued this guide using the authority given by Section 79 of the Insurance Act 2058. In...


The interaction program of Insurance Authority with non-governmental organizations and financial sector of Karnali Province was completed in a grandeur

Kathmandu : The Karnali Province Office of the Nepal Insurance Authority has completed a discussion and interaction program related to insurance with non-governmental organizations and the financial sector in Karnali Province. Under the chief hospitality of the Minister of...


Prabhu Mahalakshmi Life will issue 17 percent right shares till to December 29

Kathmandu : The 6th Annual General Meeting of Prabhu Mahalakshmi Life Insurance Limited will be held on 29th of January. In the general meeting held at Arpan Byangkwet Baneshwar, there is an agenda to pass the annual report of...


The life insurance company increased investment in the stock market, investing 88 billion rupees in shares and debentures

Kathmandu : Nepal Insurance Authority has increased the investment of life insurance companies in shares and debentures. In the first quarter of the current financial year, life insurance companies have invested 88 billion rupees in shares and debentures. By...


Liberty Micro Life’s formal business launch, insurance expert Ghimire’s suggestion to focus on service rather than profit

Kathmandu : Dr. Rabindra Ghimire, an expert in the insurance sector has suggested to make the micro insurance business a service country rather than profit. He gave this suggestion in the program organized by Liberty Micro Life to start...


Shock to Health Minister Basnet after suspension of Health Insurance Board Executive Director Basaula overturned by Supreme Court

Kathmandu : Supreme Court has given an interim order not to implement the ministerial decision to suspend Health Insurance Board Executive Director Dr. Damodar Basaula. An interim order has been issued by the joint bench of Judges Hari Prasad...


Life Insurance Companies has increased their Investment in Share Market

Kathmandu : Nepal Insurance Authority data shows that the investment of life insurance companies in shares and debentures has increased this fiscal year. In the first quarter of the current financial year, life insurance companies have invested 88 billion...