FNCCI’s concept note

Kathmandu: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) presented a concept note on industries, foreign investment and technology to Minister for Industries, Asta Laxmi Shakya, here on Friday. FNCCI vice-president Pradeep Jung Pandey handed over the document to the minister. FNCCI has included its suggestions and concept on the industrial and foreign investment policies mentioned in the budget 2008-09 and urged the minister to utilise these. — HNS

KBL’s scheme for kids

KATHMANDU: Kumari Bank Ltd (KBL) will launch a new savings deposit scheme “Twinkle Star” for children with effect from December 28. According to a press note, the scheme features an interest rate of 6 per cent per annum. The account can be opened with a balance of Rs 1000 for children below 16 years of age. — HNS

SBI’s bonus shares

KATHAMANDU: Nepal SBI Bank approved 25 per cent bonus share and 50 per cent right share from its 15th Annual General Meet (AGM) on Friday, states a press release. The AGM also decided to increase its authorised capital to Rs 2 billion. — HNS