Jha deputed as Prez

KATHMANDU: President Dr Ram Baran Yadav has assigned Vice President Parmananda Jha to carry out the tasks of the president during his absence. According to a release issued by the president's office, the president assigned Jha to work as the acting president as he was leaving for India on a four-day visit.

Chess competition held

KATHMANDU: Dilip Adhikari, a staffer of Rastriya Samachar Samiti stood first in a chess competition organised on the occasion of 49th anniversary by RSS Employees Union. He defeated RSS sub-editor Dilip Prasad Sharma in the final competition held on Monday.

Health institutions’ AGM

KATHMANDU: The 12th Annual General Meeting of the Association of Private Health Institutions, Nepal that was concluded recently has elected a 13-member working committee led by Dr Bhola Rijal. Dr Upendra Devkota and Dr Basanta Chuadhary have been elected as vice chairmen. Similarly, Binaya Giri, Dr Gopal Khanal and Nil Krishna Tamrakar are the general secretary, secretary and treasurer respectively. Likewise, Kushal Thapa is the co-treasurer and Dr Rajesh Kishor Shrestha, Dr Sudin Shakya, Dr Suresh Kanaudiya, Dr Heri Prasad Rijal, Kumar Thapa and Gopi Neupane are the members. The association stated the objective of the association is to protect the rights of private health institutions.

Issuance of shares

KATHMANDU: Securities Board of Nepal has authorised several companies with issuance of ordinary shares, which is expected to boost investors' confidence at a time when the share market has been slackening. Normally, common people are attracted to ordinary shares. The board has authorised Surya Life Insurance, Prime Life Insurance, Agriculture Development Bank Limited, Manakamana Development Bank, Gaurishankar Development Bank and Yeti Finance to issue ordinary shares worth Rs 1.6 billion. ADBL will issue shares worth Rs 960 million. Surya Life Insurance and Prime Life Insurance will issue shares worth Rs 108 million each, Manakamana Development Bank will issue shares worth Rs 300 million, Gaurishankar bank Rs 60 million and Yeti Finance Rs 62.5 million.