Global goes to Baglung

KATHMANDU: Global bank Ltd has started its operations in Baglung also. Bir Bikram Rayamajhi, deputy governor of Nepal Rastra Bank inaugurating the Baglung branch amid a function expressed happiness over the bank’s initiative to give service to the rural populace. Chandra Prakash Dhakal, chairman and Suman Neupane, chief executive of the bank also spoke on the occasion. — HNS

Russia, India eye pact

MOSCOW: An agreement to jointly develop a Russian-Indian multi-role transport aircraft will be signed in October, Russia’s aircraft building company Ilyushin has announced. The firm has also invited Ukraine to take part in the project. An inter-governmental cooperation accord between Russia and India is to be signed by the end of October, said Viktor Livanov, general director of Ilyushin. It is expected to be configured around the Russian

Il-214 project. — HNS

Public finance worsen

LONDON: Britain’s public finances worsened in August compared with the same month last year. The public sector net cash requirement chalked up a deficit of five billion pounds in August — the highest-ever level for the month. That compared with a shortfall of 3.7 billion pounds in August 2006 and market expectations of a 3.5 billion-pound deficit. — AFP