NIBL’s 22 branches

KATHMANDU: Nepal Investment Bank Ltd (NIBL) opened its 22nd branch in Surkhet on Sunday. The branch intends to provide international quality services to residents and business community of Surkhet. The move is part of its strategy to

expand its network and provide banking services in major business pockets of the country. The new branch in Surkhet will be linked through Any Branch Banking Services to all other 21 branches, according to a press release. — HNS


KATHMANDU: Representative of International Chambers of Commerce (ICC) Nepal to the US, Prathad KC attended the UN office of High Representative for Least Developed Countries (LDC), Landlocked Developing Countries and Small Island Developing States (UNOHRLLG) 63rd session of the UN General Assembly, said a press release. During the meeting KC said raised the issue of only a few wealthy countries having met the official development assistance target. He added that several developed countries are yet to offer duty free and quota free market access to LDC products. He also urged UN agencies to launch post-conflict reconstruction and rehabilitation activities. — HNS

Micro-hydel projects

BABIYACHAUR: The nine Kilowatt (KW) micro-hydropower project at Naulisne and 16-KW project in Devisthan of Myagdi district have begun operating. After these started supplying power, elated locals staged a rally and held a feast to celebrate the occasion. The projects were constructed with the support of the district energy and environment development section, VDCs concerned, DDC, Asian Development Bank, local mothers’ groups, youth clubs and other locals. The project in Naulisne cost Rs 1.8 million while the one at Devisthan cost Rs 3.2 million. Some 123 households in Naulisne and 160 in Devisthan are benefitting. — RSS

Arghakhanchi strike

ARGHAKHANCHI: Traffic remained obstructed in Arghakhanchi district since Sunday morning due to a dispute between Public Jeep Entrepreneurs’ Committee and Western Bus Entrepreneurs’ Committee. An indefinite transport strike has been announced by the jeep entrepreneurs. Vehicles bound for Butwal, Krishnanagar, Gorusinghe, Kathmandu, Gulmi, Palpa, Pyuthan from Sandhikharka stayed off the road. The traffic disruption just before Tihar festival has hit people hard. Chief District Officer Bhawani Prasad Parajuli said an all-party meeting has been called to resolve the row. — RSS