Page last updated at 2015-02-27 12:23:51 RSS
  BUSINESS & ECONOMY
NACīs New Airbus Begins Maiden Flight To New Delhi
Myrepublica
KATHMANDU, Feb 27: A new aircraft, ´Sagarmatha´, of the Nepal Airlines Corporation (NAC) has started its first commercial flight to New Delhi, India, from today.

The flight was cancelled on Tuesday as the new aircraft failed to secure permit for flying in the Indian sky.
Hero Launches Xtreme Sports In Nepal
REPUBLICA
KATHMANDU, Feb 26: : Nepal General Marketing (NGM) has launched Hero´s latest offering -- Xtreme Sports -- in the domestic
market.

Aveek Jyoti, managing director of NGM, launched the bike amid a function on Thursday. Speaking at the program, Jyoti said: “Xtreme Sports, as the name suggests, is a sporty bike with stylish finish. It incorporates state-of-the-art technology. It has been launched targeting the youth."
Lack Of Accountability Behind Low Capital Spending
REPUBLICA
KATHMANDU, Feb 26: Capital spending remained at mere 12 percent of the total budgetary allocation of Rs 117 billion in the first half of the current fiscal year.

Low spending in the first half means, capital spending will gain pace only in the last trimester of the fiscal year, like in the previous years. Quality of development works will be compromised by such rush of expenditure toward the end of the fiscal year.
NAC Resuming New Delhi Flight Today
REPUBLICA
KATHMANDU, Feb 26: Nepal Airlines Corporation (NAC) is resuming its flight to New Delhi with its new Airbus A320-200 aircraft from Friday.

“We received permission to operate flight to the Indian capital with our new aircraft from Directorate General of Civil Aviation (DGCA), India, on Wednesday evening. Now, we will start scheduled flights from Friday," NAC Spokesperson Ram Hari Sharma said.
Experts Tell Govt To Reap Benefit From Indiaīs Growth
REPUBLICA
KATHMANDU, Feb 26: Participants of a pre-budget interaction organized in Kathmandu on Thursday have called on the government to introduce legal frameworks, focus on infrastructure development and encourage private sector to create a favorable climate for doing business and reap benefit from the economic growth of India.

In his presentation at the interaction organized by Nepal India Chamber of Commerce and Industries (NICCI), Budhaditya Mukherjee, vice president of NICCI, pointed out the issues that need to be tackled by the government in the coming budget. He urged the government for proper maintenance of industrial zones, and removal of ceiling for investment in corporate social responsibility (CSR) and provision that allows a company for depreciation of assets bought by the company and rented to distributor for business purpose. He also urged government not to increase excise duty for liquor industry. “The business climate of Nepal is becoming stable and recent developments have encouraged investors to do business here. The government should tackle few issues that will help to boost foreign direct investment here," he added.
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