OICL chief coming here

KATHMANDU: M Ramadoss, chairman-cum-managing director of Oriental Insurance Company Limited (OICL), a public sector non-life insurance company under the Ministry of Finance, Government of India, will be here for two days, from 28th September.

According to a press statement issued here on thursday, during his visit Ramadoss will meet the Indian ambassador to Nepal, insurance regulators and clients from various business and corporate houses and have detailed interactions and review. OICL is operating in Nepal for more than 50 years. — HNS

FNCCI aid for Farwest flood-hit

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry has donated Rs five lakh for flood victims in the Far-western development region and also sent five truckloads of relief materials.

Issuing a press statement, FNCCI urged all its members and affiliated organisations to lend a hand in supporting the flood victims. — HNS

DHL opens new service centre

KATHMANDU: DHL Express has opened its new service facility in Kathmandu. DHL announced the inauguration of its country office and service centre at KUK building in Sinamangal. DHL in Nepal serves over 1000 customers and connects them to over 220 countries, said a press statement issued here on Thursday. With an investment of Euro 240K for infrastructure development, it will be one of a kind in the country. — HNS

LBL’s new scheme for women

KATHMANDU: Laxmi Bank Limited (LBL) has launched ‘Super Woman Savings’, a new scheme for women above 16 years of age. It needs a minimum balance of Rs 500 and the bank will provide an interest rate of 6.5 per annum. According to a press statement, the scheme’s customers are entitled to a host of benefits and services from LBL’s 14 branches. As a special introductory feature, the scheme’s customers can also purchase various life insurance solutions through the bank and receive rewards certificates up to Rs 1,500 encashable at Bhatbhateni and Blue Bird departmental stores. — HNS

NYEF hails govt’s free loan move

KATHMANDU: The Nepalese Young Entrepreneurs’ Forum (NYEF) on Thursday welcomed the government’s decision to granting loans without security. According to an NYEF statement, economic indicators are unable to forecast the correct economic state of the people. NYEF said the new policy to grant loans up to Rs two lakh without collateral has generated hope for the development of the economy and fostered positive thoughts among the youth. — HNS

FNCCI wants problems solved

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) on Thursday urged the Minister for Industry Astalaxmi Shakya to make prompt development regarding various problems being faced by the industrial sector. According to an FNCCI statement, during the meet with the minister FNCCI representatives called for easing problems regarding prolonged load shedding, labour discussions and obstruction and insecurity in supply of industrial products in the eastern and far western development regions. — HNS