Monday, August 10, 2009

2009: June

Jun 1
Israel may lift ban on Nepali workers soon
Immediate growth in mergers in financial institutions unlikely
Fourth NRB call for NBL chief soon
New govt to present budget in mid-july
Measures recommended to cope with food shortage
Potato price rises as imports decline
A plastic transformation underway
NT mulls rolling out 4G network
NEA under pressure over 250 MW purchase

Jun 2
Contractor quits Koshi repair work
Cadres stay put in industries
Declining herb worry botanists
SBI's stake in Nepal SBI up
Visitors by air down 5pc
SEZ: High on priority, low on action
Govt to systematize workers export to Israel
Do not impose Property Tax: NCC

Jun 3
Voluntary Retirement Scheme: Govt hopeful of success
NRB move hits depositors’ panic button
Food supply better in May
NT recharge cards fall short
NRB initiates liquidation of first private sector development bank
NOC doubling storage capacity, adding new depots
Compensation to families of deceased foreign workers in limbo
IFC's partnership with HBL
Butwal Industrial Area to expand its territory

Jun 4
Govt, ADB panel for West Seti
IRO Parsa overshoots revenue target
NRB points gun to NDB promoters
Mid-hill highway may be delayed
Farmers in the east in need of fertilizer
NRB freezes Nepal Cooperative’s accounts
Foreign currency reserve touches Rs 276b
Worried clients throng NDB
IOC to step up supplies, support dept modernization

Jun 5
WB commits $ 782 m for two years
Reopening of two factories hits snag
Sikta irrigation project in progress
NAC to get 3 new planes in 18 months
Industrial investments grow 38 percent

Jun 6
Auditing of BoK financial status begins
Garment exports still down

Jun 7
Rukum villagers fight for land ownership
Lack of market hits small industries
Broaden taxable areas: Task Force
Yeti Airlines to fly to 4 more remote places
Oil price rise likely
Beed starts portfolio management services
NTA warns SNPL against unhealthy competition
DoFE network will expedite paperwork process

Jun 8
Local demands imperil power projects
Share issuance up by 50.32pc
SC show cause to NRB
Shortage of lokta hits paper industries
Iron mine to reopen in Parbat
NRB warns action for flouting rules
MoI gearing up for cottage and handicrafts village
Govt shelves action against revenue dodgers
Maize production to drop
Exodus of cows leads to milk shortage
Handicraft exports up 17 percent
Egg price reaches new high

Jun 9
Govt to invite bids for 7 hydel projects
Customs officials back to old ways
Hetauda Clothes Factory to reopen
Govt overshoots revenue target
Findings project NDB in worse light
Gurans Life marks first anniversary
Illegal import on rise
UN launches ‘jobs for peace’ in Nepal
Vegetable ghee industry on verge of collapse
Morang takes pride in 341 new industries
Airlines increase flights to Pokhara, Jomsom
Dry fruits more expensive, sesame price quadruples

Jun 10
Govt staff properties under wraps
Monsoon to begin one week later
Chicken prices to come down
Insurance company’s defiance comes to light
GAN lobbies for preferential entry
NBA: NRB action an opportunity
Nepal Development Bank defends itself

Jun 11
UAE assures Nepal all help
What ails Nepal’s eco growth
Eight commercial complexs coming up in Kathmandu
Vibor IPO sees blanket sale
Move to reduce discrepancies in banks' financial statements
Crude refining starts in Nepal
Sports academy worth Rs 1.5 b in the offing
NOC gives an inch, more talks scheduled
Cosmic Air lands in controversy over payment deal
Lack of NA's aircraft hinders IC import
Number of Indian tourists go down in Pokhara

Jun 12
Additional Rs 100,000 each proposed for consumer cooperatives
NAC to hire 27 more pilots
Market declines as focus shifts to Primary Market
Poultry feed prices go up
Tanker drivers return to work
Govt to make rural energy subsidy policy pro-poor

Jun 13
No US preferential entry for garments
VDCs spend only 25 pc of budget
Individual tax identification system soon
Small depositors' money in NDB safe: NRB
Bank deposits in Pokhara reach Rs 26b
New dept to monitor commodity market

Jun 14
SC stays Chilime IPO
NDB Row: ‘Take control, not liquidate’
ALICO signals bonus cuts
Banks balk at issuing loans under YSEP
Govt resumes actions against tax evaders
NEA delay irks IL&FS on
Jagdamba starts manufacturing structural
Feed crunch starves cattle
NRB: No perks to proposed banks' directors
Cabbage price jumps eight-fold over a year

Jun 15
Subsidised food turning Mugu fields barren
Gold import shots skywards
Local folks padlock Chilime plant office
Vegetables find market in India
Animal husbandry, milk trading on rise in Gulmi
Police arrest CEO of World Merchant Bank
Three companies want to pay off their workers
Handicraft exports go up by 15pc

Jun 16
Abduction scare haunts Marwaris
Defer new tax policy: FNCCI
NBL staff slam CRS scheme
7,000 tourists visit Mustang
10pc less Nepali workers leaving
Revenue collection hit due to closure of customs offices
Future of seven wildlife resorts uncertain
Access to improved seeds nominal in hill districts
Probe license to Koshi Petrochemicals

Jun 17
NARC to launch farm support drive
Turks eye hydropower
Industries in Saptari closed
Youth ask govt for EPS jobs in Korea
66 trainees being sent to Japan
Oil import prices rise
NT to call tender for system upgrade

Jun 18
Problems galore to follow Water ministry split
Revenue collection slows down
Smugglers play spoilsport with Nepali farmers
Kailali Customs far behind target
64pc of dev budget remains unspent
Govt to extend reach of tax office in hills
IB to make life insurers declare yearly bonus
Lower CRR by one percentage point: Banks

Jun 19
Licence issuance shoddy
WB gives $89m to ease energy crisis
Hoteliers ready to invest more
'No additional funds to sectors unable to utilize budget this year'
Widening trade deficit worries Nepal and China
Biratnagar braves floods, crime and power cuts to keep on going

Jun 20
Bandas rocking new Nepal boat
16-month fiscal year for remote districts
ADBL to issue largest-ever IPO
Exporters lobby for hire-and-fire policy, tax holiday for five years

Jun 21
Food shortage looms large in Achham
IRD: E-fill income tax returns
Surkhet airport to compensate land owners
Yarshagumba export down
Oldest rosin industry closed
Govt to reimburse banks this year
Sajha Board in land lease turmoil
New training course for foreign-bound workers
Crop yields go down in Gandaki, Dhaulagiri
Drought alarms ministry over paddy
Call to scale up rice yield for food security
Robust tomato variety getting popular
Treat all NDB depositors equally: Nepal Army

Jun 22
Khatiwada named NPC vice-chair
NRB makes final move to liquidate NDB
Warring BoK factions reconcile
Handicraft exports soar despite global slump
NRB tightens grip to recover loans
Nepal’s first automated steel factory
Govt seeks $100m from ADB for energy
Birgunj Customs rakes in Rs. 28 billion
CIAA orders bribe-free airport departures
NBL unions agree to 30-yr service ceiling
Individual worker recruitment on rise to shun responsibility
NAC most likely to choose Airbus
BoK withdraws case against NRB

Jun 23
Commodity prices hit the roof
Govt targets netting 200,000 taxpayers
Chilime: Demands galore
Civil servants demand flat Rs 5,000 raise
IPPAN sets out demands for hydro development

Jun 24
Contractor threatens to stop power generation Mid-Marsyangdi Hydropower Project
Microsoft to equip govt employees with laptops
Nepali pashmina aims for global trademark
Govt panels to monitor West Seti
IRD raids COMEN, NAME
Materials cost dearer up by 13 percent
VAT collection falls short of target
Jute industry hamstrung by raw material shortage
Accounts manipulation lands finance company in the soup
China restricts religious items import
LPG firms, NOC in dispute

Jun 25
New BoK board
Govt to reintroduce old UML agenda
IRD raids Saleways stores
Kins of dead migrant workers to get Rs 100k
Motorbikes import up in 11 months
Realty transactions spiral down
FMD breaks out in over dozen districts
Now you can buy int'l air tickets in rupees
NRB to make public "due diligence report" on BoK

Jun 26
Unused budget to repay loans
An Education Expo to Experience
Tax offices step up drive against evaders
Bearish trend at NEPSE lingers

Jun 27
Thousands vie for 250 constable posts
NDB’s Pun wants to sell his shares
Nepali workers in Qatar dip for two months
Nepali ornaments losing identity
Alpine Air signs pact
Nepal to renew labor pact with Korea

Jun 28
Nepal goes from bad to worse on FSI
NRB determined to liquidate NDB
Harassed Marwaris tiptoe out of Birgunj
Traders demand end to SAD
NOC, LPG companies lock horns over bylaw
Govt to get tough on house rent

Jun 29
Budget apportioned at fag end of fiscal year
Chaudhary to run chain of schools
Productivity increase must for investment
Ghee factories close as export declines
Hydro sector seeks tax respite
No chance of multiple VAT: Govt
Federal Budget
Worried NDB depositors draw Governor's attention
DDC boycotts meet on milk price hike
Banks on branch building binge: A ticking time bomb
Onion import doubles in nine years
Carpet conundrum: 400,000 lose jobs
Air Kasthamandap coming soon
'Low budget for agriculture led to food deficit'
VAT arrears at IRO Pokhara touch Rs 70m
Brick, gravel prices soar

Jun 30
Road building, number of trekkers fall
Trade unions on warpath
Return of ‘hidden cash’ eases liquidity crunch
NRB loosens the leash on promoter’s shares
Smugglers have field day with no check posts
NAC incurs Rs 50m loss
Govt to send JITCO info on 170 manpower firms