RBB evening service

KATHMANDU: Rastriya Banijya Bank (RBB) Tansen branch started its evening banking service from July 16. The branch will provide deposit and withdraw facility along with remittance service, a press note read. On the first day of opening, three people used deposit and withdrawal service and one person got Rs 1,20,000 remittance from Qatar. — HNS

UNESCAP training

KATHMANDU: United Nation Economic and Social Commission for Asia and the Pacific (UNESCAP), Thailand, in association with Nepal Freight Forwarders Association (NFFA) will conduct Training for Trainers (TOT) in order to develop capacity building in freight forwarding and multimodal transport sector. Trainers of NFFA and UNESCAP will give basic course on freight forwarding, multimodal transport and logistics to the participants. A total of 30 participants in TOT and 60 participants for foundation course will be participating from the freight forwarding, logistics and multimodal transportation sector. Apart from this, the association will organize a symposium on “Freight Forwarding, Multimodal Transport and Logistics” on July 29. — HNS

Doubtful target

KATHAMNDU: Nepal China Chamber of Commerce and Industry (NCCCI) doubts that the revenue target of Rs 176.50 billion will be achieved. In a press statement on Wednesday, the NCCCI voiced serious concern over domestic borrowing. “Domestic borrowing of Rs 25 billion will create problems in liquidity,” it read. The chamber also expressed doubt whether the target of external borrowing of Rs 47 billion would be achieved. It also expressed distress at the trade deficit with neighbouring India and China. — HNS

STC bonus shares

KATHAMNDU: The 42nd AGM of Salt Trading Corporation (STC) has decided to provide 15 per cent bonus shares and 10 per cent dividend to investors from the income in the fiscal year 2007-08. STCL gained net profit of Rs 13 million in the year. The company is establishing an LPG gas refilling station in Dhading district to diversify its field. The LPG will be in the market from October this year. — HNS

Smart kids promo

KATHMANDU: Sky shop Nepal with the aim of providing “Effective education for competitive world” to students of class Nursery to 10 has introduced an educational CD named ‘Smart kids’. With this CD, students can have fun like watchings cartoons on TV and playing games on computer while learning. The program has been designed using multimedia techniques to provide animated interactive audiovisual learning. Smart Kids has been designed by MiDas Technologies Pvt Ltd. — HNS

KDB to open

KANCHANPUR: Kanchan Development Bank (KDB) has got permission from Nepal Rastra Bank to operate as a B-Class development bank. It is planning to establish its branch offices in Kanchanpur, Kailali and Dandeldhura. — HNS

Customs duty

KATHMANDU: ICT Association of Nepal has urged the government to reduce customs duty on computer parts. The new budget has billed 13 per cent customs duty on computer parts and four per cent VAT when India is not charging customs duty. This will increase smuggling and decrease revenue, so it should be revised, ICT has demanded. ICT has also requested to adopt VAT repayment scheme available on mobile phone sets. — HNS

Citronella plant shut

NAWALPARASI: The Bardaghat-based lemon grass factory in Nawalparasi district is shut since a long time, rendering lemon grass (a genus of 55 species of grasses) worth thousands of rupees useless. At the initiative of a local group, lemon grass was grown on three hectares of land. With the plant gathering dust, lemon grass growers are losing sleep. The plant shut down six months ago. — RSS