Page last updated at 2015-01-25 08:55:44 RSS
  BUSINESS & ECONOMY
LG To Launch Curved G Flex 2 Smartphone Next Week
Associated Press
SEOUL, South Korea , Jan 25: LG Electronics Inc. said it will start selling a new curved smartphone next week in its latest effort to bring the curve to a mass market.

The South Korean company said Thursday that the G Flex 2 will be launched locally on Jan. 30 and overseas in coming months.
India Lifts Ban On Carrying 1,000, 500 Bank Notes To And From Nepal
REPUBLICA
KATHMANDU, Jan 24: Reserve Bank of India (RBI) has lifted a ban on carrying Indian bank notes of Rs 1,000 and 500 denominations to and from Nepal.

Issuing a circular on Thursday, RBI -- the central regulatory bank of India -- eased the restriction on export and import of bank notes of 1,000 and 500 denominations for Nepal and Bhutan that it had imposed since May, 2000. The Indian central bank, however, has put a limit of carrying such notes at IRs 25,000 per person.
Sugarcane Farmers Await Announcement Of Minimum Support Price
RUDRA PANGENI
KATHMANDU, Jan 24 : Though the government has prioritized agriculture sector in its fiscal policies and periodic plans, sugarcane farmers are yet to get any benefits from such plans and policies.

Many farmers in Tarai districts have started sugarcane farming in recent year hoping to get better returns compared to traditional food crops. But delay in release of payment by sugar mills has dampened their hopes. As a result, many farmers are clearing sugarcane fields and reverting to traditional farming of food crops.
Rupee Strengthens, Gold Price Up
REPUBLICA
KATHMANDU, Jan 24: Nepali rupee strengthened by 27 paisa against US dollar this week as the Indian currency, with which rupee is pegged, lost value against the greenback. Similarly, gold price increased by Rs 170 per 10 grams this week.

CURRENCY
Nepse Up 14 Points Despite Tumultuous Political Situation
REPUBLICA
KATHMANDU, Jan 24: Nepal Stock Exchange (Nepse) index posted gain for a third straight week as the benchmark index gained 13.88 points to close at 959.24 points on Thursday -- the last trading day of the week.

Analysts say gain in Nepse index despite tumultuous political situation shows that political development was less likely to affect the market. "While many investors say there is no alternative for the political parties to come together and draft constitution, some do not bother about political developments at all," Priya Raj Regmi, president of Stock Brokers Association of Nepal (SBAN), said. He also said that falling bank interest rates and expectation of investors that banks and financial institutions (BFIs) will come up with better financial results in the second quarter, among other factors, have also driven the market.
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