Sunday, August 1, 2010

2010: July

July 1
NOC to roll back import cut strategy
NOC's oil loss jumps
MoF has no right to derail plane buy: Bhandari
India, China walk out, 4 firms in fray
IPOs of Rs. 183m coming
Tourist arrivals in June up 16 percent
Caretaker govt to present advance budget if new govt is not formed soon
NOC to resume normal import of petroleum from Friday
SC wants govt to regulate S'pore, Brunei recruitment

July 2
IRD adopting new tools to dig out tax evaders
Petrol supply to ease by Sunday
Micro laptop major crowdpuller at ICT Trade Fair
India to sell 20,000 tons of sugar to Nepal
NRB freezes 20 bank accounts
All is not well for carpet industry
FEPB planning to offer skill development trainings
NRB keeps strict tabs on capital market investment
Big three give green signal to advance budget; agree to form SRC
NRB issues foreign employment bond

July 3
NAC draws flak for poor ground handling service
Tourism profile of all 75 districts soon
Subsidized fertilizers being sold at higher prices
Dairy brings Sindhupalchowk steady income
Rs 110b vote on accounts bill in offing
Ragpickers picking Rs 21,000 a month
‘Serious water woes’ in 20 yrs
Import substitution a must, says govt
NTL & STL to import sugar from Brazil
FNCCI to dissect Chaudhary’s reply
Kailali ekes out on bad fertiliser
Energy ministry sells license of three hydel projects to private sector
Govt. aid packet reaches Rautes
There will be no shortage of currency notes this year: NRB governor

July 4
Setback for Valley roads overlay plan
Insurance Industry: Protect yourself
Changing trend in mobile market
CAAN proposes rise in airport service charge
Nepal to ink MoU on finance trading
Govt prepares special budget of Rs 110 billion
Nepal National Pavilion at Shanghai Expo attracts 2 million visitors
Job aspirants heading overseas declines
http://www.nepalnews.com/main/index.php/business-a-economy/7301-job-aspirants-heading-overseas-declines.html
Rs 4.7 billion spent for former combatants after CPA

July 5
Promote mergers, acquisition of co-ops: Report
Unmanaged veg market clogs Narayanghat
CGT collection plummets
Private sector snubs govt call for int'l flights
Nepse, SEBON spar on brokers recruitment process
DRI raids consulting firm
Budget session begins, put off
Khimti, Bhotekoshi PPAs flawed: PAC
Garment exports sink to zero
Nepal may lose reimbursement
Economic turmoil on, banks still rake it in
TAAN to publish members' directory for promotion of tourism industry
AAN accuses govt of being lax to promote advertising sector

July 6
Departures of overseas workers surpass target
Promoting women entrepreneurship
NOC jacks up fuel prices
Veg prices up as supplies dwindle
President Travels to offer European tour package
IFAD to provide Rs 1.05b for HVAP
Street vendors jobless following police crackdown
MRP contract in French kitty
Smuggled cell phones hot cakes
NRB suspends FIs’ upgradation
Debentures a dismal affair
Imports killing small factories
NMB allots ADB's shares, Ace to act as issue manager

July 7
Farmers on warpath over fertilizer crisis
Faulty LPG subsidy hits poor
Experts doubt micro hydel plan
Nepali migrant workers win protracted legal battle
Air service closure hits Taplejung folk
Railway track to be finalized
87K Nepalese visit India by air in '09
More imports raise revenue
Surging imports likely to swell trade deficit to Rs 300 billion
'Under billing is dogging implementation of VAT'
Price of rice continues to increase
PAC instructs govt to furnish details of flood aid
Contribution of revenues to GDP soars by 16 pc

July 8
Restaurants Revel in World Cup Business Boom
Customs offices back in business
Trolley buses to be back?
Banks face credit, liquidity risks, says IMF
Customs offices closed for second consecutive day
Insecurity has worsened economy: Dr. Mahat
Govt starts probe into CDO-Customs row
India assistance of Rs. 8.02 crore
Eight companies get permission for DTH transmission
New power house to light up Bhojpur

July 9
AVCO owners still dodge police
Govt set to introduce casino regulations
Manpower crunch hits construction business
NRB seeks use of IRs 500, 1000 notes
New Tina taken to court in capital flight scam
‘Fiscal policy before budget’
Customs office reopen after Home Ministry summons erring CDO
FNCCI discusses bilateral economic issues with India's apex business associations
Works on new monetary policy are underway: NRB

July 10
One-fourth of bottled water 'contaminated'
CG introduces front load washing machine
Indian tourists to Mansarovar up
Korea firm likes Nijgadh site for 2nd int'l airport
New law to make passport process lengthier, costlier
20 pc budget for EFA’s success
“Nepal needs national health insurance”

July 11
Bumpy economic road brings no cheer
NOC proposes 5-kg LPG cylinders for low-end consumers
Electricity demand up 12 pc: Survey
Pre-budget sales discourage auto dealers
Agriculture GDP to rise 1.05 pc
Profit from PEs more than doubled in 2008/09
Progress stalled: Economic Survey
Hefty tax weighs airlines down
Smugglers wreck legal tyre trade
Nepal's Financial Sector Reform likely to be hindered
Swiss to provide Rs. 900m for road construction
Govt. to open offices for establishing three new universities

July 12
Social sector performs better despite economic gloom
Parliament endorses Rs 110b special budget
Subsidized co-op shops facing closure
Banks see online market growing
Govt to up budget for travel incentive leave
New labor migration policy on cards
Patan tenants pay peanuts to Guthi
MPs: Economy a sinking ship
Remittance brings prosperity to village
Bishal Chem charged with tax evasion
FDI suffers a drop by 27pc
Construction of Darchula-Tinkar road begins
Over half million Nepalis in Malaysia
MRP deal lands in fresh controversy; Foreign Ministry officials defend selection process

July 13
Dry fruits dearer
LPG subsidy for household consumers: Mahato
No end in sight to fertilizers shortage
Delay in budget compounds economic woes
Star hotels raise banquet prices
Nepal, B'desh to negotiate tariff cut
Kantipur Television to beam in US
Govt told to cancel Karnali license
2.4m Ncell users across the nation
Price of rice at five-year high
108 Nepali workers stranded in Libya in pitiable condition
Political disorder marring pashmina trade
Bardiya breaches ban on logging
Current FY sees completion of just two hydro projects

July 14
Deposit Guarantee Bylaw comes into operation
Industries in Morang-Sunsari corridor shut for 3 days
Ace to promote alternative energy
NT to raise subscriber base to 13m in 3 years
Carpet industries rue lack of domestic demand
20-yr plan eyes 36K MW power
Arrivals up, stay duration down
Single account system launched
5,000 solar home kits for Mid-west
'Advance budget is detrimental to the economic well-being'
Half the paddy fields in Midwestern region barren

July 15
No transit visa for NAC passengers to HK
Smart phones dominate mobile market
Budget boost for Chure conservation
Govt mulls identity cards for migrant workers
PE staff expenses ‘rising’
Banks on branch opening spree
Telephone service reaches all 3,915 VDCs
Three million Nepali youths toiling in foreign lands
Kalaiya sees production of 21,600 metric tons of mangoes
Air services in Tumlingtar disrupted indefinitely after rain damages runway

July 16
Price of edible commodities rises further
Nepse up as fiscal year ends
NRB intervenes to settle disputes at Sunrise Bank
Country's exports in tatters
NPC refutes Oxford report
Khotang loses Rs. 60 m from cardamom
391 Nepali workers have died abroad in one year
Govt to introduce identity cards for migrant workers
NAC reduces fares
NTB's bid to attract more Indian tourists

July 17
4 airlines lose operation certificate
Dolakha eyes 50,000 tourists in NTY 2011
DDC to set up processing plant in Khumaltar
Vegetable prices soar in eastern Nepal
NTB not promoting Nepal at Shanghai Expo
Maoists ‘tax’ yarcha export
KUKL to revamp water pipeline in Valley
Bear ruled FY ’09-10 roost
LMV import takes beating
Tatopani revenue hit as import dips
Banks branching out too much
NT, Chinese firm accused of playing foul

July 18
NOC drops eco-fuel technology
Two four-star hotels coming up in the Valley
Paddy sowing recorded at a meagre 40pc
Manpower agent arrested for cheating millions of rupees
Govt set to amend Industrial Enterprises Act
Manakamana Cable Car records highest number of passengers

July 19
Amlekhgunj depot loss scales to record high
Paddy plantation lowest in key districts
NAC told to furnish report on canceled aircraft deal
Baglung coffee finds market abroad
Veg prices rise further
Realty market takes correction course
NOC claims profit, decides Rs 200m staff bonus
Economist Pant dead
Railway service grinds to a halt
Simikot depot runs out of food grain
FNCCI to issue CoOs until further notice
Passenger traffic at TIA up 24pc in Q1
Interest rate sends deposits rocketing
East trade deficit a big goosebump
Exports of handicraft products decline by 10.11 pc
Maoist trade union closes down leading shoe factory
CNI asks central bank to establish asset management companies
Custom duty collection increases by 36 percent
Imports swell alarmingly
Insecurity causes petroleum shortage in Surkhet

July 20
Avco accuses bank of misconduct
CIAA blocks NOC bonus
Revenue collection touches Rs 180 billion
Over 800 leave for foreign jobs every day
Traders selling refurbished laptops with 'brand new' label
Dhaka agrees on simplified transit process
Suppliers hoarding rice
Monsoon hits int'l airlines
Water projects in a bind
Housing biz slows down
Tourist arrivals stir hotel industry
Worker departures 294k last FY
Mega Bank to open this week
PAC asks NAC to provide report on nullified aircraft deal
Garbage trucks donated by China stranded in Kolkata port
Nabil bank issues ultimatum to pay loans to proprietors of B & B Hospital

July 21
Avco told to resolve all issues within a week
NOC Board blocks bonus distribution
Lubricants market growing
Govt to seek action against producers of substandard edible oil
Investment of over Rs 2b at risk
Take leaf out of Korea’s book, says Prof. Jong Dong Lee
NT to set up DTH hub at Balambu
Money Laundering Agreement with Asia-Pacific Group
ICAN tightens screws on CAs
Revenue mobilisation surges to Rs 179.90 bn

July 22
Setbacks mar foreign jobs sector
‘43 pc poor sans health services’
Sunrise bank factions ‘strike deal’
Supply hit, veg prices soar
NT to introduce DTH hub service
Continuous rain causes price hike in consumables
NLICL's digital insurance service
'Expansion of NAC’s fleet size is imperative'
Bhairawa Customs Office mobilises more revenue
Production of cash crops increase by 13 percent
Chairman of Radio Tulsipur shot dead

July 23
Govt plans to up amount of subsidized fertilizers
Domestic bananas dominate market
JCF on the verge of closure
Govt unveils home stay guidelines
Efforts to set up reinsurance company hit snag
Food deficit will continue to hamper poverty reduction: NPC
FHAN waits for budget to set handicraft lab
Mega Bank makes its foray into banking market
Bhaktapur sees rise in its visitors

July 24
Market of Indian mobile sets growing
Hotel sector's growth 15 pc last year
Hotel sector's growth 15 pc last year
NOC inefficiency costs consumers dearly
Unity hospital in hot water
Mugu may go hungry
Internal loans ‘upped’ last FY
Nepal exports see steep drop
Nepal, Pak start FTA groundswell
ADB aid for Kathmandu roads

July 25
400 workers Poland-bound
NFC raises rice price by Rs 4 per kg
China agrees on duty free access for Nepali goods
Govt mulls free-visa regime in 2011
Paddy plantation area up by 300k hectares
Soaltee posts Rs 108m profit
Essentials’ prices climb cost ladder
Inflation at 9.6pc, but folk still feel the heat
NEPSE GM Singh calls it quits
Gross foreign exchange reserve status improves
Trade deficit jumps 49pc
Private airlines companies ask govt to reconsider its existing policy

July 26
Trade deficit widens by 50 pc to Rs 287 billion
On arrival visa for Nepalis in B'desh
Ncell introduces uniform call rate
Chicken price up Rs 15 per kg
Closure of Birgunj industries costs 20,000 jobs
Annapurna region receives 80,000 trekkers
NOC makes staff liable for repaying loss
CDO warns Avco of legal action
FY to see 2nd int’l airport birth
Pandey urges more aid for rural Nepal
Ncell sets its tariff at Rs 1.99 nationwide
NDEX upgrades online transaction facility
'Massive deforestation taking place under the tutelage of Forest Ministry officials'
Dr Pokharel promises eco-friendly concepts
Timber being smuggled to India seized
Revenue of over 8.5 billion collected from Biratnagar customs

July 27
IMF to oversee Nepal from New Delhi
October booking hits Chinese tourist arrival
SEBON passes mutual fund regulations
New Monetary Policy targets inflation
Govt lifts ban on labor export to Iraq
Slow GSM work slur on ZTE China
Valley land revenue dips
ADBL Hetauda recovery crosses target
Policy to be boon for housing sector
SEBON mulls new regulations
Brokers’ written test on the cards
Donors' stringent conditions are hampering development projects: FM Pandey

July 28
Parvat farmers lured to coffee farming
ADB to scale up annual assistance to Rs 21b
Developers hope realty sharks fade away
New policy harsh on banking sector
Japanese keen to hire Nepalis
Chicken price up in Valley
Appointment of new stock brokers again faces setback
IME joins hands with Kyodai Japan for remittance
NRB unveils monetary policy; inflation to be limited at 7 pc

July 29
NRB tightens licensing policy for new banks
Govt mulls PPP Policy
Nepal keen on NW passage
Overstock pulls cheese production down
Home TV to broadcast from mid-August

July 30
'One cooperative in one building'
NOC staff threaten strike if bonus not given
Prices of edible commodities up 60 pc in a month
Bar bonus distribution in cumulative loss situation, CIAA asks govt
Food prices crush consumers in agrarian economy
Upper Tamakoshi set to roll, finally
Private sector bemoans lack of clarity in PPP
Crops in Darchula damaged by heavy winds
Tripartite loan agreement on Upper Tamakoshi inked

July 31
Pharmaceutical industry rues lack of business doing environment
Rs 7.25b trade deficit through Tatopani
Over 90 percent rice planting in 37 districts
Nepal asks Israel to reopen job market
Few takers for new labor destinations
Liquidity crunch over, says NRB
Licence loss threat to three mercantilers