Citizen Investment Trust allowed to deposit funds in infrastructure banks
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Official statement
New plan
- Nepal’s Finance Ministry has proposed amending the 1991 Citizen Investment Trust Act.
- The bill would allow the Citizen Investment Trust to deposit funds in infrastructure development banks and invest in private equity and venture capital funds.
Nepal’s Citizen Investment Trust could gain new investment options under a bill registered by the Ministry of Finance.
The proposed amendment to the Citizen Investment Trust Act would allow the trust to deposit funds in infrastructure development banks. It would also permit investment in private equity and venture capital funds.
The changes would amend the Citizen Investment Trust Act of 1991. The proposal was reported in Kathmandu on September 3.
About this summary
Originally published by OnlineKhabar English. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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