Don't distribute bonus, Minister tells NOC

KATHMANDU: Finance Minister Bishnu Prasad Paudel has directed the Nepal Oil Corporation (NOC) not to distribute bonus to its employees, a high-level source at the Ministry said.

The directive follows the reported attempt of NOC to distribute bonus among its employees illegally.

Minister Paudel made this directive through Surya Acharya, member of the NOC Board of Directors.

It has been informed that the state-run oil monopoly is yet to pay off more than Rs 12 billion loan taken from the government. It was reportedly preparing to distribute more than Rs 900 million bonus to its employees.