KATHMANDU, May 25: Binod Aryal, the executive director of the Insurance Board, who took the lead in cleansing the virtually unruly insurance sector, appears to have landed in soup over insurance policy corruption and fraud.
The management head of the insurance sector regulator has been charged of wielding influence to issue a directive for personal gains and demanding compensation for loss of jet ski by purchasing insurance policy after occurrence of the accident. These allegations were confirmed by multiple sources.
KATHMANDU, May 24: Nepali rupee weakened by a whopping Rs 1.35 against US dollar this week as the Indian currency, with which rupee is pegged, weakened. Gold, on the other hand, became dearer by Rs 1,630 per 10 grams over the week.
KATHMANDU, May 24: The government mobilized revenue of Rs 234.45 billion in the first 10 months of the current fiscal year to mid-May, beating its target of Rs 226.05 billion.
The government´s revenue from taxable sources went up by 27.47 percent, while income from non-taxable sources fell moderately, says a Ministry of Finance statement issued on Friday.
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