News – Page 7 – Insurance Khabar

Income tax exemption limit doubled to 10% exemption on VAT for consumers

Provision of a revolving fund to refund the money of the savers of the problematic cooperatives

One percent of capital expenditure allocated for research and innovation

The government has announced to increase the amount of third party insured. 10 lakh to be reached

Here are some of the issues covered in the insurance sector in the budget for the next financial year.

The government has decided to re-insure at least 20% of the insured’s policy.

Budget for next fiscal year 2019-21 trillion

Govt announces massive restructuring of health insurance programme

Excise duty on alcohol and beer hiked by 10% on cigarettes

Govt claims budget will make policy leap in health care

Govt announces hike in night duty allowance for nurses

Rs 5 billion allocated for suspension bridge construction and expansion programme

Govt announces to set up National Asset Management Company by mid-January

Rs 2.19 billion allocated for agriculture insurance subsidy

Govt decides to declare Nepal free of street children

Relief to industrialists, loan to be given on leased land

Disabled rehabilitation centers to be set up in all provinces

Announces concessional loans and interest subsidies for farmers

Assistance in agricultural insurance to genuine farmers, misuse of premium subsidy to be curbed

Physical and financial incentives to hotel business

Govt decides to provide Rs 1,000 monthly nutrition allowance