Page last updated at 2015-03-06 07:37:01 RSS
  BUSINESS & ECONOMY
12,000 Stranded At TIA With No Info
KIRTI BHUJU
KATHMANDU, March 6: Some passengers were found sleeping on luggage trollies, some were sitting on the floor and some others were playing around to kill time. They were unaware when their flights would take off as airlines officials have not given them any information except putting out a notice with a telephone number that their flights have been cancelled.

Around 12,000 passengers have suffered due to disruption of international flights at Tribhuwan International Airport (TIA) as the Turkish Airlines Airbus, which met with an accident on Wednesday, has remained stuck at the runway. Many of the passengers have not been kept informed by the airlines and remain stranded.
FinMin Plans To Present Budget By Mid-May
REPUBLICA
KATHMANDU, March 6: Minister for Finance Ram Sharan Mahat has instructed finance ministry officials to speed up preparations for presenting budget for fiscal year 2015/16 within mid-May.

At a meeting with ministry officials on Thursday, Minister Mahat shared his plan of presenting budget within mid-May. “We always talk about tabling budget at the earliest. However, the budget date goes to mid-July, resulting to delay in implementation of development projects. It is also behind low public spending," he said, adding, "We should now be prepared to present budget by mid-May."
KTM-Varanasi Bus Service Flagged Off
REPUBLICA
KATHMANDU, March 6:  A flag-off ceremony for starting the regular Kathmandu-Varanasi-Kathmandu bus service under the provisions of Motor Vehicle Agreement was held in Kathmandu on Thursday.

Minister of Physical Infrastructure and Transport Bimalendra Nidhi and Ambassador of India to Nepal Ranjit Rae flagged off the bus service from near the Dashrath Stadium, Kathmandu. The Nepal-registered ceremonial bus will follow the Kathmandu-Bhairahawa-Sunauli-Azamgarh-Varanasi route. The bus would cover a distance of 600 km during its journey of around 12 hours.
Investment Growth Key To Economic Development
RUDRA PANGENI
KATHMANDU, March 6: Sluggish investment has remained one of the major impediments to Nepal´s economic growth.

Though the country is seeing a rise in foreign investment commitments in recent years, only a few of them are translated into reality. The country desperately needs new investments, but it lacks necessary laws, infrastructure and workforce to attract them.
Entrepreneurs Agree To Slash Transport Fare By Re 1 Only
Myrepublica
KATHMANDU, March 5: The transport entrepreneurs have decided to reduce the transport fare only by Re 1 instead of the government-decided rate of Rs 2 from Rs 15 per four kilometers.

The decision on fare reduction by transport entrepreneurs comes a month after the government´s decision on the same.
The Federation of Nepalese National Transport Entrepreneurs took this decision at its meeting held on Wednesday. The government had fixed Rs 13 as the minimum transport fare for every four kilometers´ travel. However, the transport entrepreneurs have fixed it at Rs 14.
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