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Tuesday, August 28, 2012


INSURANCE BOARD DEBARS EVEREST INSURANCE CO. FROM SELLING FIRE POLICIES Kathmandu, 29 Aug.: Insurance Board has stopped Everest Insurance Co. from selling fire insurance policies , Sudarshan Sakota reports. The move came after Himalayan Snacks Pvt Ltd collected Rs.40 million o claims in four installments. Both companies are run by the same business house.. Action has been taken to give an opportunity to improve, Board’s Executive DirectorbBinod Aryal told Nagarik. Nnnn CONSORTIUM FINANCES SANIMA MAI HYDROPOWER Kathmandu, 29Aig.” A consortium of 11 financial institutions led by :Laxmi Bank is exyending an additional Rs.4000 million for the deveopment of of the 22MW Sanima Mai Hydropower . The project is being upgraded to generate 22MW electricity from 15.6MW. nnnn
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