FNCCI, NYEF joint bid

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Nepalese Young Entrepreneurs’ Forum (NYEF) have jointly launched a programme

‘Employment through Youth Entrepreneurship’ targeting the young generation. According to a press statement issued here on Friday, earlier it used to give a loan of Rs 1.5 lakhs and offer suggestions regarding business without any bond. It aims to help 12 people every year to set up their businesses. — HNS

GAN aid for flood-hit

KATHMANDU: Garment Association-Nepal (GAN) acting president Uday Raj Pandey on Thursday handed a cheque for Rs 5 lakhs to the Prime Minister, Pushpa Kamal Dahal Prachanda, for flood victims. The fund will be deposited in the Prime Minister’s Relief Fund. Speaking on the occasion, PM Prachanda said, “The government will support the readymade garment sector and work for its development.” — HNS

KFI shares for sale

KATHMANDU: NMB Bank Ltd has allotted Kaski Finance Ltd’s 2,00,000-unit shares with a face value of Rs 100 each. An NMB press relase said for 2,00,000 unit shares allotment, it took 56 days after the closing of the IPO. It received 41,986 applications for 47,08,366 unit shares. For results of shares, applicants can get information via SMS or NMB’s website. — HNS

KBL workers donate

KATHMANDU: Kumari Bank Ltd Employees’ Association has donated Rs 20,111 for flood victims. The association deposited the fund in the Annapurna Post Flood Victims’ Fund at Kumari Bank Ltd’s Putalisadak,office, said an association release. — HNS

ICT expo in offing

KATHMANDU: Information Communication Technology (ICT) Association of Nepal is going to organise Information Technology and Education fair ICT Info Trade-2009 on January 25-30 at Bhrikuti Mandap. International companies like Samsung, MSI, Intel, Richo, HCL, Brother, Logitech, Nokia, Konka, Sony Ericsson, Microsoft, Sukam, Airtehm, Sharp, Acer, Epson, and Motorola along with ISP, Education Consultancy, and Colleges Technology training centres are taking part in the ICT Info Trade 2009, states a press release. — HNS

Nano car plant shut

SINGUR: Escalating demonstrations against a factory being constructed in eastern India to make the world’s cheapest car forced a halt to construction work on Friday. The shutdown came a day after police had to escort hundreds of workers from the Tata Motors’ factory in Singur in the Marxist-ruled West Bengal state when angry demonstrators blocked the exit to the plant. They also blocked acces to the factory. — AFP