Ace Rhino accounts

KATHMANDU: Ace Development Bank has started a new scheme, Ace Rhino Account, with high interest rate for all age groups. “For this account, the bank provides free Ace Visa Debit Card, free American Express Traveler’s Checks and discounts on locker services,” said a bank release. Ace uses the symbol of the one-horned rhino as its mascot as it believes this will create awareness for conservation of the one-horned rhino. Ace’s Visa Debit Card is valid in Nepal and India. — HNS

Dhaka travel mart

KATHMANDU: The sixth edition of Dhaka Travel Mart 2009 organised by The Bangladesh Monitor was held at Winter Garden in the Dhaka Sheraton Hotel from March 12 to 14. The three-day travel mart was inaugurated by GM Quader, Bangladesh’s Minister for Civil Aviation and Tourism. “A total of 43 companies from seven countries including Nepal participated in the mart. National tourism organisations (NTOs), airlines, tour operators, hotels, travel trades and financial Institutions came,” said Nepal Tourism Board (NTB) that took part alongwith Satyam Tours & Travels. Around 17,000 visitors came. — HNS

AICL in Janakpur

KATHMANDU: Asian Life Insurance Company (AICL) has opened its

16th branch office in Janakpur on Wednesday. According to a press release, the company is planning to float 30 per cent primary shares that is equivalent to Rs 108 million within this fiscal year. — HNS


KATHMANDU: NB Insurance Company Ltd on Monday held its nineth, 10th and 11th AGM. According to a press release, the company will distribute 2:1 rights share next year. The AGM also elected Jit Bahadur Shrestha, Laxmi Bahadur Shrestha, Gauri Shanker Chaudhary, Sailendra Kumar Shrestha and Bed Man Singh Malla to the board of directors. — HNS

Revenue collection

BIRGUNJ: Under Voluntary Declaration of Income Source (VDIS) scheme Rs 26 million has been collected in Birgunj, half the amount that the government had targeted. The target under VDIS was Rs 500 million in Birgunj. Around 81 businesspersons declared their income source. Asked about the low collection, chief tax officer at Inland Revenue Office, Birgunj, Satya Narayan Mandal said, “This is because some Birgunj businessmen declared their income in Kathmandu.” — RSS

AIC redundant

MANGALBARE: The office of Agriculture Inputs Company (AIC), which had provided farmers seed and fertilizer at subsidized rate, is lying idle for the past one year here. Local farmers have stopped visiting the office, rendering state-invested company useless. According to accountant Balram Koirala, the office has nothing left in its store except urea fertilizer imported last year. When the corporation turned into a company in 2059, it was unable to compete with others. — RSS

Organic fertiliser

POKHARA: Basant Baniya in Pokhara sub-municipality has earned good money making organic fertiliser through Japanese technology. The fertiliser is made from decayed leaves of trees, soil, ash and manure. It is very effective for flower saplings. Baniya, a resident of Batulechaur, said he earns around Rs 7,00,000 a year selling fertiliser. The compost sold at Rs 50-150 per kg is very suitable for flowers and vegetables. Baniya is also into nursery, where he grows various varieties of flowers for sale. — RSS