NLIC’s new scheme :

KATHMANDU: Nepal Life Insurance Company (NLIC) has launched a new scheme ‘Laxmi Life Insurance’. The scheme is targetted at low income level employees, civil servants, workers and others, states a press release. In this scheme, the insured will be given premium and bonus, but the return will be paid three times more, if the insured dies of accident before the insurance period is over. The minimum insurance amount is fixed at Rs 50,000 and the maximum limit is set at Rs 100,000. — HNS

Oldest mill to reopen :

BIRATNAGAR: The new management of the Biratnagar Jute Mills Limited, the oldest mill of the country, is planning to re-operate the mill soon. “Eleven trucks of jute have already been purchased,” said Raj Kumar Gautam, GM adding that the machines have also been repaired to operate the mill. Established in 1993, it is giving employment to around 1,100 workers currently. — RSS

S Korea leaves rates :

SEOUL: South Korea on Thursday left its key interest rate unchanged, with officials saying the economy was recovering from a slowdown caused by strikes and bad weather in recent months. The Bank of Korea left the September target for the overnight call rate at 4.5 per cent, a five-year high, after unexpectedly jacking up the benchmark rate last month. — AFP

Industrial output up :

KUALA LUMPUR: Malaysian industrial output rose at a faster pace of 7.3 per cent year-on-year in July compared with seven per cent in June. The year-on-year rise in July reflected growth in all sectors. — AFP