UTL aid for flood-hit

KATHMANDU: United Telecom Ltd (UTL) has donated Rs 2,50,000 to the Prime Minister’s natural disaster relief fund. According to a press release, UTL CEO N R Mokhariwale and other UTL executives briefed Prime Minister Pushpa Kamal Dahal about the operations and further expansion of UTL and handed over the cheque for the welfare of the flood hit. — HNS

Good Samaritan NFTA

KATHMANDU: Nepal Foreign Trade Association (NFTA) has donated Rs 2,51,000 to the Prime Minister’s natural disaster relief fund to help the flood victims. According to a press statement issued here on Monday. NFTA president Satish More handed the cheque to Finance Minister Dr Baburam Bhattarai. — HNS

Golchha donates

KATHMANDU: Golchha group of industries has been providing support and aid to the flood victims from the camp at Saraswati Madhyamik Vidyalaya at Babai. A press release issued said that though the camp was meant for only seven days the group decided to continue the support programme. Golchha group representative and camp co-ordinator Kamlesh Maloo said more than Rs 10 lakhs have been invested in the programme under which 1700 people are getting two meals a day while children below 5 years are provided milk. Some 230 families have been provided essential items. — HNS

NCCCI team for China

KATHMANDU: With the aim of participation in the 16th Guangzhou Fair 2008, a team of business delegates under the leadership of Pancha Ratna Shakya, executive member of Nepal-China Chambers of Commerce and Industry (NCCCI) will leaving for China on Monday. The fair will be held from September 5-8 and has been jointly organised by Guangzhou Municipal People’s Government and the China Foreign Trade Centre. Some 13 countries and 40 provinces from China will send their respective representatives to the trade fair. — HNS

LIC’s latest scheme

KATHMANDU: Life Insurance Corporation (Nepal) Ltd, celebrating its eighth anniversary, will launch its latest plan, ‘Bima Kiran’ on September 1. The concept of Term Assurance with Free Risk Cover after maturity will also be introduced for the first time in Nepal. It provides chosen term but also Free Risk Cover for 50 per cent of Sum Assured for another 10 years after maturity, said an LIC Nepal Ltd release. The new scheme also provides for Guaranteed Refund of all Premiums on Maturity. This new policy is meant for persons between 15-45 years of age and the maximum age limit is 60 years, while the premium paying terms are between 10-30 years. The minimum sum assured is Rs 1 lakh while the maximum is Rs 10 lakh. — HNS