Cosmic Air’s new chief

KATHMANDU: Sanjaya Pradhan has been designated as the executive chairman of Cosmic Air. He will work under the board of directors chaired by Captain R P Pradhan. Under the executive chairman of the airline will be the executive committee, which includes the executive

vice-chairperson Madhvi Shrestha and managing director M B Mathema. According to a Cosmic Air press release, there will be three different major divisions-international, commercial and domestic within the airlines. — HNS

Girl wins 1m Riyal

KATHMANDU: Five-year-old Nour Salman Al Kawari has become the youngest person in Qatar to win one million Riyals in Qatar Duty Free’s exclusive money-spinning prize draw. The girl was elevated to star status after her winning ticket was drawn to become Qatar Duty Free’s fourth millionaire. Her winning ticket was purchased at Doha International Airport while accompanying her father on a trip to Dubai on Qatar Airways, parent company of Qatar Duty Free. — HNS

CSPF’s home loan

BIRATNAGAR: The Civil Servant’s Provident Fund (CSPF), Biratnagar has launched home loan scheme from Monday. The programme has been launched with a view to helping homeless. As the branch office of the fund in Biratnagar has already developed infrastructures, depositors are encouraged to borrow home loans to construct apartments or individuals house. According to Durga Prasad Subedi, the chief of the branch, the depositors could get a loan equivalent to 10 years pay scale and needs to pay 8.5 per cent interest. — RSS

WTO ruling on tariffs

Geneva: The WTO was to rule today on an appeal by six Latin American countries against a new EU tariff on imported bananas. Earlier, the EU proposed an overhaul of its banana import programme at the WTO, saying its new $279 per tonne tariff will strike a balance between the demands of large-scale growers in Latin America and interests of traditional suppliers in Africa and the Caribbean. But Colombia, Costa Rica, Ecuador, Guatemala, Honduras and Panama say Brussels’ proposed tariff will limit their ability to export. — AP