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Page last updated at 2014-09-02 10:11:05 RSS
  BUSINESS & ECONOMY
  Deadline For Crushers Extended Till Mid-Jan
       RUDRA PANGENI  
 
    KATHMANDU, Sept 1: Bowing to pressure exerted by crusher operators, the government on Monday decided to extend the deadline for implementation of standards for crusher industry till mid-January 2015.

The meeting of cabinet´s Economic and Infrastructure Committee on the day decided to renew license of crusher operators till mid-January 2015. With the decision, the supply of sand and aggregate is expected to come into normalcy soon.

 
  Mahat Tells Officials To Focus On Budget Implementation
       REPUBLICA  
 
    KATHMANDU, Sept 1: Minister for Finance Ram Sharan Mahat on Monday directed chiefs of different divisions under the ministry to do the needful for effective implementation of budget.

Speaking at a program organized in the ministry, Mahat said new laws announced in the budget should be drafted at the earliest. “We should not make further delay to draft those laws and submit them to the parliament for approval,” he said, adding, “All the laws should be submitted to the parliament by the first half of the current fiscal year.” 

 
  'Federal States On The Basis Of Identity, Strength'
       REPUBLICA  
 
    KATHMANDU, Sept 1: Chairman of the Constitutional Political Dialogue and Consensus Committee of the Constituent Assembly (CA) Babu Ram Bhattarai on Monday said there will be no compromise on identity and strength of the federal states.

“Political parties have already forged consensus to demarcate federal states on the basis of identity and strength,” Bhattarai told media persons on Monday. He further clarified that economic viability will not be overlooked while demarcating states. “We are doing homework to ensure minimum public resources and administrative convenience in all the proposed states.”

 
  Corporate Activities: Scholarship From La Trobe
       REPUBLICA  
 
    KATHMANDU, Sept 1: La Trobe University of Australia has announced scholarships worth US$ 300,000 for Nepali students. Professor Lee Drek, dean of the university, announced the scholarship. The university has vowed to offer new courses and create new opportunities for Nepali students in Australia. “We have been trying to offer new and better opportunities to Nepali students in Australia through our university,” Drek said, adding: “Nepali students can take ample benefits from the scholarship.” The university is taking admission for a new business course from October.

Nepal Express to give dividend

 
  Non-performing Loans Of Banks Climb To 3.27%
       SAGAR GHIMIRE  
 
    KATHMANDU, Sept 1: Total non-performing loans (NPL) of commercial banks increased to Rs 29.18 billion in 2013/14.

According to unaudited financial results of 30 commercial banks, average NPL of a commercial bank stood at 3.27 percent of the total loans that they extended in the last fiscal year. Commercial banks extended total loans of Rs 892.26 billion at the end of 2013/14.

 
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