SEBON Approves NIC Asia Balance Fund

Jul 11, 2019 03:53 PM Merolagani

Securities Board of Nepal (SEBON) has approved mutual fund scheme 'NIC Asia Balance Fund' managed by NIC Asia Capital, a subsidiary company of NIC Asia Bank on July 10.

The regulatory body approved NIC Asia Capital to issue 125 million mutual fund units worth Rs 1.25 billion.

With the approval, NIC Asia will issue 125 million mutual fund units in the near future.

 


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Government Fails to Collect Targeted Revenue; Capital Expenditure Nears 70%

Jul 16, 2019 03:53 PM

The government has failed to collect targeted revenue in the current FY. As per the Office of Auditor General (OAG), the government collected 83.66 percent revenue till July 15, a day before the closing of the current FY.