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The proposed Himalayan reinsurance will get the license. The Insurance Committee had called for a proposal saying that another reinsurance company was needed after conducting a study of the reinsurance market. Following all the four companies, Himalayan Reinsurance will get the license of the reinsurance company. The Government of Nepal has 44.039 percent investment in the Nepal Reinsurance Company which is currently in operation. Similarly, the share of the public has been 16 percent. Vishal Group has 3 percent and Rastriya Bima Company has 2.7 percent investment. The remaining investment is from the old non-life insurance company. Five companies had submitted their proposals to the board after the committee called for a secret shillbandi proposal. According to a board source, the proposal study committee submitted a report that Himalayan Reinsurance got high marks while studying the proposals of five companies that submitted proposals to the board. The study report has been submitted...

Budget of Nepal 2078 79 Budget Speech - Government of Nepal - Ministry of Finance  Budget list of Nepal  1. Budget of Nepal 2078 79 2. Budget of Nepal 2077 78 3. Budget of Nepal 2076 77 Finance Minister Bishnu Poudel on Saturday unveiled a budget of Rs 1.647 trillion (Rs 1,647,570,000,000) for the upcoming fiscal year 2021/22.  Of the total amount of the budget, Rs 678.610 billion has been earmarked for recurrent expenditure while Rs 347 billion for capital expenditure by the federal government. Similarly, Rs 279.7 billion has been allotted for fiscal management.  These are the major highlights of the programs incorporated in the new budget.  The government has estimated the annual growth rate to stand at 6.5 percent in the next fiscal year. The government said the per capita disposable income will reach US $ 1,486 per capita per year. Government allocated Rs 4 billion to procure health kits and medical equipment necessary to fight against COVID-19 pandemic....

IME Life Insurance Ltd IPO Issue Name: IME Life Insurance Limited Established: 2065 Aswin 15 (October 01, 2008) Operation Date: 1st Bhadra 2074 Paid up Capital: NPR 1.4 Billion Paid up Capital after IPO: NPR 2 Billion About IME Life Insurance   Registered in 2065 Aswin 15 (October 01, 2008), IME Life Insurance started its operation from 1stBhadra 2074 (August 17, 201) offering a range of individual and group insurance solutions that meet various customers' needs such as Protection, Savings, and Investment. IME Life has paid up capital of NPR 1.4 Billion and will reach 2 Billion after IPO. Company's reinsurance partner is Nepal Reinsurance Company Ltd.   Promoted by IME Group has an unrivalled strength - a wide reach with IME Group offices in Nepal and 6000 plus IME Centers and local remittance agents. IME Life is all set to conquer and establish a strong client base via agency, corporate agency, banc assurance and direct channels whom we call- our Strategic Par...

  About Manushi Laghubitta Bittiya Sanstha Limited Manushi microfinance program commenced in April 2002 as a major program of Manushi which was established in 1991. Presently, Manushi Microfinance is registered under company act and got the D class bank license from Nepal Rastriya Bank in Ashoj 25, 2075 B.S. The program is fully guided by the principles such as reaching the poorest, supporting and empowering women, building financially self-sufficient institutions and ensuring positive and measurable impact on the lives of clients and their families. With a view to opening up new venues of expansion and exploration of the program among clients, Manushi Laghubitta Bittiya Sanstha Limited is dedicated in pushing and pulling our activities further, bringing sustainable development and bringing them in the mainstream of development. Our program has supported the rural economy and has contributed to enhance social security, women's empowerment,child education, health and sanitation. We ...

  Jeevan Bikash Laghubitta Bittiya Sanstha IPO Issue is in SEBON’s  pipeline  Jeevan Bikash Laghubitta Bittiya Sanstha Ltd has submitted an application to the SEBON (Security Board Of Nepal) for IPO issue on the date of  2077 Falgun 17. The company is going to issue 19,77,300 units IPO share to Public worth Nrs. 197,730,000. The company has been appointed to NMB Capital Ltd for IPO issuance ( IPO Issue Manager). Jeevan Bikas Laghubitta Bittiya Sanstha was called Second Annual General Meeting on the date 2077/09/08 to discuss and get approval of the IPO Issue.  About Jeevan Bikas Laghubitta Bittiya Sanstha Jeevan Bikas Laghubitta Bittiya Sanstha Limited is a national level financial institution promoted through the microfinance program run by Jeevan Bikas Samaj (NGO). This financial institution started financial transactions from 16th March, 2075 after obtaining permission from Nepal Rastra Bank.  Moving forward with the main objective of "Poverty Free Nepal...

  Things to know about Janautthan Samudayic Laghubitta Bittiya Sanstha Ltd   Introduction Financial Institutions are established in Nepal with the motive to help uplift the economic situation of the downtrodden Nepali people. However, most of the finance institutions are established and concentrated in urban areas and run in conventional way. So the rural poor have no access to the financial services. Many of the development agencies have attempted to create groups and run micro-finance programs but after the completion of their projects such groups are left unnoticed with no further idea and help. According to the World Bank study still around 50% of the total population has no access in financial services.           The Jana Utthan Pratisthan undertook the research outcome (Social Inclusion in Microfinance by Dr Man Bahadur Bk, 2010) to promote community banking for building inclusive financial system and took initiative to establ...

IPO Allotment IPO Result of CEDB Hydropower Development Company Ltd has been published today CEDB Hydropower Development has been received 1,685,627 verified application among 2,46,45,735 Units share have been verified. Out of them, 61 thousand 372 lots demanded from 4 thousand 442 applicants have been disqualified, according to Capital. Similarly, 16 lakh 37 thousand 659 applications received from 48 thousand 322 applicants could not be verified, according to Capital. In this regard, this IPO has also been distributed through round robin. Out of which 2 lakh 34 thousand 195 applicants have received shares at the rate of 10 lots while 4 of them have received additional 1/1 lots of shares. The rest of the applicants are empty handed. CEDB Hydropower Development Company IPO Allotment result has been published today. The IPO of CEDB Hydropower has been distributed through virtual medium at the office of Securities Sales Manager Sunrise Capital at 11:30 this morning. The final results of t...