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Nepal Telecom is the sole provider of fixed-line, ISDN, and leased-line services in Nepal. Following the entry of Ncell (formerly Mero Mobile) into Nepal's telecommunications industry in 2005, Nepal Telecom was no longer the exclusive provider of GSM mobile services. With more than 5,400 employees, it is one of the largest corporations in Nepal.
Thus, ADBL operates as an "A" category financial Institution under the legal framework of BAFIA and the Company Act. The bank has a 51% share of the Government of Nepal and 49% of the general public. Most of its shareholders are customers and employees. [citation needed] Its headquarters is in Ramshah Path, Kathmandu.
Nepal Reinsurance Company (Nepal Re) is Nepal's first reinsurance company [3] which was successor of the insurance pool that was set up in 2003 with the aim to cover the losses arising from situations like riot,sabotage or terrorism and malacious damage (RSTMD) during the Insurgency.
The Nepal Stock Exchange (NEPSE) is the only stock exchange of Nepal. As of August 2024, [update] the Market Capitalization of the companies listed on NEPSE totaled रू 476,590.9 crore (US$34 billion).
Insurance companies in Nepal are regulated by Nepal Beema Pradhikaran (Nepal Insurance Authority), an arm of Nepal Government's Ministry of Finance. As of November 2023, a total of 35 insurance companies are offering Life, Non-Life (General), Micro and Re-insurance services. Life Insurance Companies As of November 2023, 14 life insurance companies are in operation in Nepal: S.N Life Insurance ...
The Nepal Institute of Standards was established in 1976, to develop national standards and to formulate concerning acts and rules. [20] In 1981, the Nepal Institute of Standards was renamed and restructured into the Nepal Bureau of Standards as a full-fledged department of the Ministry of Industry. [20]
The Upper Tamakoshi Hydroelectric Project was a Nepal national priority project. When it is operated at full capacity, it is the largest hydroelectric plant in Nepal, with a power output equivalent to two-thirds of Nepal's current power generation. [4] [5] The project was entirely financed from domestic financial institutions and companies.
The plant is owned and developed by Mailun Khola Hydropower Company Pvt. Ltd, an IPP of Nepal. The plant started generating electricity from 2071-03-19 BS. The generation licence will expire in 2094-12-30 BS, after which the plant will be handed over to the government. [ 1 ]