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"The hike doesnot require approval as
it is within the limit set by the government recently."
Bikash Rana, President, Airlines Operations Association of Nepal (AOAN), justifying the unilateral domestic airfare hike by private. "Though only three companies have applied for the management of the complex, it can be said to be a good beginning." Rabindra Man Singh, President, Nepal Freight Forwarder’s Association, indicating to the tenders called with the aim of handing over the management of the newly built air cargo complex at the Tribhuvan International Airport (TIA). "Except for the court’s demand and other special provisions, as stipulated in the Commercial Banks Act 1974, the bankers will not leak out the depositor’s information and we are committed to protect the confidentiality of the depositors at any cost." Narendra Kumar Bhattarai, President, Nepal Banker's Association (NBA), assuring clients about maintaining a swiss-style confidentiality regarding the monetary transaction and account information, at a press conference. "The developed countries have agreed to provide assistance equivalent to 0.7 percent of their gross national product to the Least Developed Countries (LCDs)." Dr Ram Sharan Mahat, Finance Minister, throwing light on the decision of recently held International Conference on Financing for Development. "Garment export dropped to Rs 3.37 billions in the first six months of this year as compared to Rs 13 billion in last fiscal year." Chandi Raj Dhakal, Vice President, Federation of Nepalese Chambers of Commerce and Industry (FNCCI), at the inaugural session of the 14th annual general meeting of Garment Association of Nepal (GAN). "While the government has initiated reform measure in a number of areas, including agriculture, power governance and financial sectors much more needs to be done to deepen and sustain them to ensure the anticipated impact on the economy and poverty reduction. Richard Vokes, Nepal Country Director, Asian Development Bank (ADB), at the press conference.
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