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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
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 </div>
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Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
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The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
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 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
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<div style="text-align: justify;">
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<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
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<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
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<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.
Â
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.
Â
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.
Â
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.
Â
Corporate Governance Directive for Insurance Companies
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.
Â
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.
Â
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.
Â
3-Day “Money Expo 2011†from Sept 12
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.
Â
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.
Â
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
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<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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Kulekhani III, which was supposed to be completed by December 7, 2011, is certain to miss the deadline. The construction of the 14-megawatt hydropower project began on April 7, 2008, with the aim to bringing it into operation within three years. The contractor, Sino Hydro, has demanded three more years to complete the project as it failed to complete the work in its first term.</p>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Till date, only 40 per cent of the construction works are completed, according to the contractor. Sino Hydro has alleged frequent strikes by workers and cessation of the agreement with Nepal Electricity Authority (NEA) for the delay of construction. NEA has also not yet submitted the design of powerhouse.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The cost of the project is said to be increasing with the extension of the deadline. If it was completed within the stipulated time, it would have been completed in Rs 2.17 billion. The project was closed for 90 days due to strikes. The company has demanded Rs 740 million as compensation from NEA for such closures.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
According to Project Chief Uttam Amatya, a new work schedule has been finalised to complete the construction in one-and-a-half years.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
Corporate Governance Directive for Insurance Companies</h3>
<div style="text-align: justify;">
Corporate governance will now be enforced in insurance companies too. Insurance Board, regulator for the insurance sector, is planning to issue a directive for this purpose. The preliminary draft of the directive is ready. According to Shekhar Kumar Aryal, Spokesperson of the Board, the draft has been sent to all 25 insurance companies for feedback. He said the board will try to accommodate their suggestions in the directive.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
The directive reportedly includes eligibility qualification for board of directors, managerial official’s rights, responsibilities, accountability, performance etc. Similarly, it has mentioned recruitment procedure and salary of board members, CEO and department heads.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
Currently, a separate law and directive are missing that regulate corporate governance in insurance companies. In view of banks and financial institutions facing difficulty in absence of good corporate governance, its importance in the insurance sector is being felt.</div>
<div style="text-align: justify;">
 </div>
<h3 style="color: blue;">
3-Day “Money Expo 2011†from Sept 12</h3>
<div style="text-align: justify;">
Aarthik Abhiyan, national business daily and Jamb Technologies (P) Ltd with Minds Nepal (P) Ltd and Morningstar Services (P) Ltd will organise a 3-day trade expo of Nepal’s financial sector called “Money Expo 2011â€. To be held at the Army Officers’ Club, Bhadrakali, Sundhara, Kathmandu, the Expo will have more than 100 stalls from different sectors including Regulatory Bodies, the Stock Exchange, Commodities Exchanges, Banks and Financial Institutions, Merchant Bankers, Investment Companies, Insurance Companies, Brokerage Companies (Stocks & Commodities), Remittance Companies, Depositories and Clearing Houses, Portfolio Management Companies, Financial Knowledge Management and Training Companies, Microfinance and Cooperatives, Traders’ and Investors’ Associations/Clubs, and Financial Domain Technology Companies. More than 50,000 visitors are expected in the Expo.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
“Money Expo 2011†has been planned to be the largest finance and investment show in Nepal and the first ever dedicated event of its kind to focus on the promotion of investment opportunities and wealth protection strategies., states a press release. This event is expected to provide business-networking opportunities for the financial sector companies. The Expo provides investors ample opportunity to speak directly with the nation’s top experts, whose knowledge covers trading and investing, banking, insurance, mutual funds, stocks, tax strategies, commodities and personal finance planning. “Money Expo 2011†provides the participants the opportunity to learn about the new products, services and industry trends, as well as meet potential customers and seal important business deals, adds the press release.</div>
<div style="text-align: justify;">
 </div>
<div style="text-align: justify;">
In addition to the stalls of different organisations, the other attractions of the “Money Expo 2011†will be seminars and lectures from financial experts, regulators, analysts and successful investors as well as Quiz Contest, Art Exhibition, National and International Currency Show, Trading and Investment Movies Show, attractive door prizes, Best Stall Award and certificates for all stallholders.</div>',
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