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View::_render() - CORE/Cake/View/View.php, line 933
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May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. The government is likely to involve Insurance Companies, Citizen Investment Trust, Employee Provident Fund, and Deposit and Credit Guarantee Corporation in such project bond. Securities Board of Nepal (SEBON) has also planned of formulating a mechanism to utilize excess money accumulated in insurance companies by establishing mutual investment fund. SEBON is preparing to amend mutual fund bylaws in order to formulate the mechanism.
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<p style="text-align:justify">The budget also includes topic of establishing Infrastructure Bank that has been repeating over the years. The bank will be established under government and private sector’s partnership. Similarly, the budget also includes programs of mobile banking and branchless banking for expansion of financial services in the rural areas. </p>
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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