Wednesday, December 28, 2011

2011: December

Dec 1
Insurance cos bear brunt of protest at IB
Compensation proposal fails to figure in Cabinet meeting
Gold is Rs 55,800 a tola

Dec 2
IOC jacks up export rates
Govt loses a third of Rs 357m distributed among cooperatives
In remittance-GDP ratio, Nepal stands 6th worldwide
No respite for market
Punish thieves within a week: PAC
NRB pushes for asset management company
'Cut int'l interconnection rates'
Chicken price, demand go down

Dec 3
Govt mulls overhaul of social security program
$15b Indian investments possible in hydropower: Indian envoy
Lightning protection system in the market
Auto sales not picking up, dealers a harried lot

Dec 4
Trade deficit with India decline by Rs 1b
Bird flu, drop in goat supplies make mutton dearer
Decision to dissolve HLCIT draws experts' flak
For big fat wedding, only star hotels will do
IB staff extend protest program
PAC asks self-employment fund to furnish financial details

Dec 5
Govt picks South Korean firm for Metro study
Internet coming soon in Annapurna base camp
Nepal-India commerce secy level meeting begins Monday
NT promises congestion free network with BTS vans
Surge in price chills microwave sales
Fruit prices soar as supply falls
Clarion call to enforce competition law
Fake VAT bills probe to complete by mid-Feb: Minister Pun

Dec 6
Hydropower loans at not over 10 pc interest
Govt issues PEs mgmt board formation order
India agrees to simplify duty refund procedure
Commercial skydiving begins in Pokhara
Germany provides grant of Rs 219m
Orthodox tea causes more than a storm in the stores
Diesel in short supply

Dec 7
Talks strike off additional duty, DRP
Into Countryside: Retreat tourism takes root in Pokhara villages
Sharp drop in seasonal veg prices
Sugar price, output under stress as farmers delay harvest

Dec 8
NRB looking at bond sales to BFIs out of Kathmandu
Hotels along Annapurna trail still out of tax net
Govt extends Rs 80m to Nepal Drugs Ltd
Banks to insure deposits by mid-Dec
Economic performance 'good', power cuts 'downer'
NCell takes action against over 200 card retailers

Dec 9
NRB mulls cap on multiple lending in microfinance sector
Nepal-China to sign pact on construction of 4 dry ports
Bijay Babu remembered
FDI inflow down in South Asia
IRD initiates action against 46 shops for not separating liquor section

Dec 10
Foreign returnees make millions in fishery
Diesel shortage hits large development projects
Internet penetration grows 54%
Mills will pay Rs 411.50 for a quintal of sugarcane
5-day Pokhara street fest to begin from Dec 28
Nepali lentils' overseas market shrinks
NFC to pay less for paddy this year
Power-cut hits oxygen production

Dec 11
NOC enforces dual pricing for diesel, kerosene
Petrol price will increase: Minister
Exclusive & Exquisite: Electronics brands bet big on new showrooms
Imported coffee brands getting dearer
Roll back diesel price-hike for industries: FNCCI
Medicinal herbs export triples

Dec 12
Government unveils subsidy on seeds, organic fertilizer
Top five nominees for 7th Crity awards declared
Gold price drops to Rs 54,750 per tola
Entrepreneurs not to buy diesel unless govt withdraws dual-pricing
Ghimire floats 6-point plan for trade facilitation
Rise in customs valuation makes branded jackets dearer
Govt to roll back dual pricing on diesel, kerosene

Dec 13
Nepal to seek US$ 5b credit during Wen visit
Stop allocating 3G frequencies, NTA told
CIAA wants end to dual appointments in PEs
Govt to procure nine aircraft
Weak monitoring spurs food adulteration
MoI proposes PM to lead Investment Years campaign
'Low call charges within each network major reason for owning multiple-SIM'

Dec 14
Report cases of labor unrest within 3 days, labor offices told
Govt all set to give Rs 1b to NOC
Bhrikuti paper mills assets frozen
Govt to pump Rs 50m each in Nepal Drugs, Gorakhkali Rubber
Ncell to double CSR activity
Govt to import 100MW from India by mid-Jan
Sugar prices up 15%; new stocks to come only a week later
B'Nagar entrepreneurs hit the streets
Importers asked to declare MRP of 11 new products from Jan 15
Complex govt procedure responsible for NT's shrinking business: Gupta

Dec 15
Pre-contact commissions slow development spending
Govt to enact new law for PEs
Nepal, India agree to reinforce power infrastructure
Kavre IT fair from Thursday
High security for industrial fair
Nepal focused decentralization workshop held in India
Expedite development works, FM instructs secys

Dec 16
United Dev Bank faces liquidation
Sebon for relaxing income disclosure provision
Nepal, India to strengthen power transmission links
Software stalls attracting more visitors
Greenhill City opens booking for standalone homes
Talks yield no results, IB strike into 28th day

Dec 17
NT privatization in limbo
Commercial banks meet CCD ratio target
TIA to have new tourist taxis
Power-cuts vs inverter sales
Beat the chill with Sherpa's latest offerings
NT preparing to blacklist AsiaInfo

Dec 18
The million-mark milestone for Mid-Western region
Carpet industry: Thinking overtime to retain slipping int'l market
From Manang to Lumbini: A new trail to discover the joy of trekking
Biratnagar entrepreneurs picket NOC
Info-Tech Biratnagar to feature 5 events
Govt offers less support to exporters to participate in int'l trade fairs
Advertisement industry slows down
Hotel Vaishali shut indefinitely

Dec 19
Three casinos to face closure, 6 licenses to be renewed
Credit growth slumps in first two months of Q2
Insurance Board opens after a month
B&B launches new range of Kohler bathroom fittings
Chicken price drops below production cost
IRD completes probe into 435 cases

Dec 20
Retailers to stop selling tampered LPG cylinders
Demand for bank locker soars in Pokhara
Two cement factories starting production in two months
Declare 2013 as Women Entrepreneurship Year: FWEAN
Citrus fruit yields up by 4,000 tons
Veg price upheavals continue
Industries shut to protest dual pricing for diesel
US investors interested to invest in solar energy, civil aviation, telecom: US envoy
Ford India's Discover Smart Drive Season-2 to conclude in Nepal

Dec 21
Ministers ask millions in unbudgeted doleouts
Jajarkot village harvests oranges worth Rs 10m
Govt okays Trans-Asia railway network pact
'Issue single permit for GHT'
Domestic brands increasing market share
Smart Power brings some exciting solar energy solutions
Mangalam Industries introduces C-PVC pipes & fittings
New committee formed to determine cash incentive amount for exports

Dec 22
Govt to roll back dual pricing on fuel in 2 days
DRI takes DSP under control for smuggling
Nepal Drug's VRS plan hits snag
Govt to roll back dual pricing on fuel in 2 days
Corner Taja Gudpak resealed
National industrial fair kicks off
Three unpopular decisions in offing, says FM
Automated check clearance from Dec 29

Dec 23
CAN InfoTech kicks off in Biratnagar Friday
Railway study pacts delayed over dollar guarantee
CAN Info-Tech Biratnagar kicks off
Govt told to appoint market inspectors in all districts
Top hotels roll out attractive packages to mark Christmas
Govt defers oil price hike, again
Please, bring down lending rates: FM
India opens access to Nepalis at IGIA duty-free shops

Dec 24
'Shortage of Ncell recharge cards to be over within a week'
New items at gift shops lend new colors to festivals
Eclectic ambience, great foods & fancy parties

Dec 25
When PAC is not part of the solution
Police bust racket of smuggled sugar being sold under Nepali brand
Hotel Vaishali back in business
Chinese goods no longer cheaper
Craze for Nepal-made footwear on the horizon
30 Sauraha hotels announce special package

Dec 26
Lenders seeking collateral for collateral-free loans: Report
Now Tibet imports Nepali carpet
Shrestha, Ghimire bag SEJON award
Gold dealers submit memo to PM
'ICT fair a grand success'
FNCCI forms taskforce on energy crisis
Made-in-Nepal footwear pay 35% duty on imported raw materials
NT, AsiaInfo sign final pact for convergent billing
Expansion bug bites CNI

Dec 27
Govt may refer to PE formation order to appoint chiefs of PEs
Bandipur locals converting traditional houses into lodges
Rs 450m more needed to complete widening of roads
Registration of new co-ops plunges 66%
FNCCI to organize Int'l Trade Fair in April
Nagarkot now boasts a brand new deluxe resort
MoCS sends action-plan to MoF for aggressive economic diplomacy
NTA turns to MoF to recoup royalty dues from UTL

Dec 28
New policy to accord industry status to housing
Branding: Jewelery biz gets glitzy, capital-intensive
Fuel shortage deepens
Reach for some dry fruits this winter, they're coming cheaper as well
Street festival kicks off in Pokhara
Housing, auto market slump inflicts huge revenue loss
Indian potato in Nepal, Nepali potato in India

Dec 29
Promoters flee with money, 4 co-ops facing action
Ministries fail to produce results, capital spending barely 5%
Registry plan no-go for lack of money
Taskforce recommends easy exit for dying companies

Dec 30
Snowfall at UWTC
For a five-star beginning of the New Year 2012

Dec 31
Air Safety is top priority: Minister Magar
Govt set to remove handpicked chiefs of PEs
Hello Sarkar, where's the fuel?
Lenders urge NRB to unfreeze Krishi Premura’s property