Page last updated at 2014-11-24 19:23:12 RSS
  BUSINESS & ECONOMY
NOC Reduces Fuel Prices
Sujan Dhungana
KATHMANDU, Nov 24: Nepal Oil Corporation (NOC) has revised the prices of key petroleum products on Monday.

The meeting of NOC Board Members on this evening reduced price of petrol by Rs 2.5per liter and kerosene and diesel by Rs 2 per liter.
Construction Of Mid-Modi Hydropower Project Begins Finally
MYREPUBLICA
PARBAT, Nov 24: Construction works of the mid-Modi hydropower project (15.1 MW) based in Parbat district have started.

The Chaudhary Group of Nepal and Coaster Company, India, have jointly invested in the project.
Chicken Price Drop Affects Sale Of Mutton, Fish In Rautahat
MADAN THAKUR
RAUTAHAT, Nov 24: Drop in chicken price has affected sale of fish and mutton in Rautahat district.Traders say demand for fish and mutton has dropped as consumers are shifting toward cheaper chicken.
Melamchi Water Unlikely To Reach Kathmandu By Mid-April 2016
DHRUBA DANGAL
Officials not satisfied with contractor´s work performance

SINDHUPALCHOWK, Nov 24: The chances of Melamchi water reaching Kathmandu´s distribution system by mid-April appear slim as Melamchi Water Supply Development Board (MWSDB) is not satisfied with work performance of Italian contractor Cooperativa Muratori e Cementisti di Ravenna (CMC).

When CMC was awarded the tender, its officials had said they would complete tunnel digging works six months ahead of the schedule. But the company has not met its target of digging 8 km in a year. It managed to dig only 3.3 km in its first year.
Lumbini Bank Announces 11% Dividend
REPUBLICA
KATHMANDU, Nov 24: Lumbini Bank Limited announced 11 percent dividend to its shareholders. The 17th Annual General Meeting (AGM) of the bank held on November 21 approved the bank´s board of directors´ proposal to distribute 6 percent bonus shares and 5 percent cash dividend.

 With the distribution of bonus shares, the bank´s paid-up capital witll reach Rs 2 billion from the existing Rs 1.88 billion, according to a bank statement.
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