NLIC’s new scheme

KATHMANDU: Nepal Life Insurance Company (NLIC) has introduced a ‘Sukhamaya Jeevan Beema’ scheme on the eve of Bada Dashain. According to a press release, NLIC will provide two per cent of the insured premium amount every year as Dashain expenses. To qualify for the offer, one has to pay premium for at least six months and 50 per cent of premium will provided after maturation. — HNS

ADB-N’s performance

KATHMANDU: The financial situation of the Agricultural Development Bank Ltd-Nepal (ADB-N) has been encouraging despite the adverse situation in the country. According to the ADB-N, it made a loan investment of around Rs 17,280 million, and it recovered Rs 15,950 million of principle in the fiscal year 2004-05. — HNS

Ceiling art unveiled

KATHMANDU: Night Vision Ceiling Art has brought a new concept called a ‘ceiling art’ using florescent paint for the first time in Nepal. Once the room is painted with this paint, one can see whole solar system, states a press release issued. “After switching on the light, a twinkling solar system can be observed for three hours even after the light is off,” it stated. —HNS

Boeing eyes spy plane

WASHINGTON: Lockheed Martin Corp is looking at the Embraer 190 and the Boeing Co 737 as candidates for a new Army spy plane. Two other planes are in the running for the Aerial Common Sensor program: the Gulfstream G550 and the Bombardier Global Express. — AP