Indian Ambassador Rakesh Sood handed over over cheque worth Rs 51.2 million to chairman of Nepal Stock Exchange Ltd (Nepse) Tanka Paneru for putting in place the Central Depository System (CDS) for Nepse. This grant will be used in software development for CDS. The software worth Rs 132.8 million is being developed by CME India Ltd. The CDS regulation has been passed by Securities Board of Nepal and is awaiting approval from the Finance Ministry. Nepse has also started procurement of hardware. CME has completed initial design and is undertaking testing.
(news source:thehimalayantimes.com)
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