Biz briefs

Mango production to dip

MAHOTTARI: Mango production in Mahottari district is expected to decline by 70 per cent in comparison to last year, according to the District Agriculture Development office, Mahottari. Mahottari produces the largest amount of mango in the country. However, strong winds and hailstorm this year damaged the mango flowers as well as the trees leading to the decline in the final product by 70 per cent, said the office chief Kashikanta Jha. The district is expected to produce a total of 4,927 metric tonnes of mangoes this year. — RSS

Exhibition organised

BHAKTAPUR: A two-day long science and education exhibition organised to mark the fifth anniversary of Khwapa College began here on Saturday. The exhibition has been organised with the objective of providing detail information to students on science and related subjects, said coordinator Krishna Sundar Awal. — RSS

Training concludes

DAMAK: Six-month long training on carpentry, run jointly by District Cottage and Small Industries Office, Jhapa and Mainachuli community forest users’ group has concluded recently. Chief of the office Ram Bahadur Kurumawang gave away certificates to the trainees at the concluding function. 10 participants from different VDCs of the district took part in the

training. — RSS

Rs 28.3 million revenue

nawalparasi: Nawalparasi district forest office has collected a revenue of Rs 28.3 million during the nine month of the current fiscal year. There is increase in the revenue collection in the district, according to the district forest office. The forest area of the district covers 122,365 hectares out of which 11,607 hectares in the buffer zone of Royal Chitwan National Park. A total of 33 forest were handed over to the community, 37 community have registered and about 10,069 persons have been benefited, according to the annual report prepared by the forest office. — RSS

EBL to launch ATM

Kathmandu: Everest Bank Ltd (EBL) is set to inaugurate its automated teller machines (ATM) at New Baneswar branch from Monday. “The ATMs are a part of an attempt to satisfy the aspirations of customers and allow them to use electronic means of withdrawing money”, states a press release by EBL. It has entered into an ATM sharing agreement with Smart Choice Technology (SCT) for its debit card service, which will provide a network of about 15 ATMs and about 250 merchant outlets. —HNS

Infosys’ concerns

Bangalore: Indian Software major Infosys Technologies Ltd has said that the cry against outsourcing by American firms to Indian IT companies has reduced, but is concerned that regulatory barriers could stall moving work offshore. "The clamour against outsourcing, while abating to some extent, has the potential to create an unpredictable regulatory response," Infosys managing director and CEO Nandan M Nilekani and COO Kris Gopalakrishnan said. — HNS