Page last updated at 2014-10-22 22:05:41 RSS
  BUSINESS & ECONOMY
Suspend Tourism Board Chief Nirola: PAC To Govt
KRITI BHUJU
Cites misuse of funds, other misdeeds

KATHMANDU, Oct 23: A meeting of the Public Accounts Committee (PAC) on Wednesday directed the Ministry of Culture, Tourism and Civil Aviation (MoCTCA) to suspend Subash Nirola, acting CEO of Nepal Tourism Board, after finding him responsible for massive corruption at the board.

Janardan Sharma, chairman of the PAC, read out the decisions taken by the committee and approved by PAC members.
Car Driving License To Be Made Must For Govt Jobs
REPUBLICA
KATHMANDU, Oct 23: The Finance Committee of the legislature-parliament has directed the government to take a policy decision for making car driving license one of the requirements for government jobs. The move has been aimed at cutting government expenses by reducing the number of drivers on government payroll.

The committee has also directed the government to provide cars only to important persons and provide accumulated transport allowance, which covers fuel, driver and maintenance costs, to others.
BoP Position Worsens As Remittance Flow Declines
REPUBLICA
Country´s BoP recorded deficit of Rs 10.5b in first two months of 2014/15

KATHMANDU, Oct 23: Nepal´s Balance of Payment (BoP) position worsened in the first two months of the current fiscal year, recording a deficit of Rs 10.5 billion.

According to the ´Current Macroeconomic Situation of Nepal´ report issued by the Nepal Rastra Bank (NRB) on Wednesday, BoP logged a heavy deficit as the current account registered a deficit of Rs 9.98 billion in the review period.
Jeeps Overcharging Passengers In Bajhang
JAGAT KHADKA
BAJHANG, Oct 22: Jeeps operating on Jaya Prithvi Highway in Bajhang district have been found charging arbitrary fare.

Purna Prasad Joshi, a resident of Melbisauni VDC, was asked to pay Rs 500 as fare for a 17-kilometer journey from Ruwatola to Chainpur. "I was surprised when the jeep staff asked fare of Rs 500," Joshi said, adding, "As I had only Rs 150 in my pocket, I had to sell my wristwatch in a nearby shop to pay the fare."
Preparations On To Revive Birgunj Sugar Mills, Nepal Drugs Ltd: Industry Minister
RITESH TRIPATHI
BIRGUNJ, Oct 23 : Minister for Industry Mahesh Basnet has said that the government was preparing to breathe new life into Birgunj Sugar Mills (BSM) and Nepal Drugs Limited (NDL).

A team led by Minister Basnet visited the mills on Wednesday and monitored the status of the sugar crushing industry which was shut down one and half decades ago.
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