Page last updated at 2014-10-31 22:11:07 RSS
  BUSINESS & ECONOMY
NT To Reduce Internet Tariff By 20 Pc
REPUBLICA
KATHMANDU, Nov 1 : The Nepal Telecom (NT) has decided to reduce internet tariff by 20 percent. The telecom service provider has also started providing additional data volume for Asymmetric Digital Subscriber Line (ADSL) and broadband users.

“We have reduced the tariff of all our internet packages by 20 percent and sent new rates for approval by Nepal Telecommunications Authority (NTA). Once we get the go-ahead from NTA we will be providing internet service at cheaper price to our customers,” said Buddhi Prasad Acharya, managing director of NT, adding that the demand of internet is growing and we want more people to use internet service.
Govt Rolls Back Transport Fare Hike Decision
REPUBLICA
KATHMANDU, Oct 31: The government has deferred its plan to hike transport fare. A meeting of stakeholders held at the Department of Transport Management (DoTM) on Friday decided not to hike the transport fares for the time being.

The decision came following a directive by a parliamentary sub-committee under the industry, commerce and consumers´ interest relations committee of parliament not to implement the fare hike. Likewise, Prime Minister Sushil Koirala, on Thursday evening, directed Minister for Physical Infrastructure and Transport Bimalendra Nidhi to withdraw the transport fare hike decision.
Comeback Of Real Sector
REPUBLICA
Land registration up 49 percent (also a table of land registration revenue of last five years)

KATHMANDU, Nov 1 : The real estate sector, which had seen little progress in the last fiscal year year after three years, has shown significant growth in the first three months of the current fiscal year 2014/15.

Figures provided by the Department of Land Reforms and Management (DLRM) show that a total of Rs 2.17 billion has been collected in the first three months of this fiscal year. This figure is 49 percent increase compared to the same period of the previous fiscal year. A total of Rs 1.45 billion was collected in three months of the fiscal year 2013/14.
NRB Asks BFIs To End Classification Of Promoters
REPUBLICA
REPUBLICA, Nov 1 : The Nepal Rastra Bank (NRB) has allowed banks and financial institutions (BFIs) with institutional and foreign investment to fix the number of their board members in proportion to their holdings. Earlier in September, NRB had instructed BFIs to end classification of promoter shareholders of BFIs, requiring them to end the provision under which a shareholder gets elected to the BoD from the same group.

Bankers were worried with the central regulatory bank´s diktat to lump all promoter shareholders into a single category could make it difficult for their institutional and foreign investors to get represented in the board of directors.
Govt Not Supportive To Garment Industries: GAN
REPUBLICA
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