From Magh 1, all types of insurance companies will be required to conduct payment transactions through bank accounts using an electronic system.
Issuing a circular, the Nepal Insurance Authority has instructed life insurance, non-life insurance, micro-insurance, reinsurance companies, and insurance brokers to make arrangements to mandatorily transfer payments directly to the concerned individual or institution’s bank account through an electronic system starting from Magh 1.
The 132 kV Burtibang Substation has come into operation. After construction was completed on Falgun 2, the facility was tested on Falgun 3 and 4 and has been...
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The government has made registration compulsory for e-commerce businesses in an effort to regulate and formalize the country’s rapidly growing digital marketplace. The Ministry of Industry, Commerce and...
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The government has initiated the process to amend the Nepal Rastra Bank Act 2058 in a bid to modernize the country’s central banking system. The Ministry of Finance...
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The Nepal Rastra Bank has taken regulatory action against three commercial banks for violating the Nepal Rastra Bank Act and directives issued to banks and financial institutions. The...
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Nepal’s real estate sector is showing early signs of recovery, with the government collecting an additional Rs 2.25 billion in land revenue during the first seven months of...
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