Page last updated at 2015-03-04 07:27:03 RSS
Balaji Gold Investment Swindles Depositors
KOHALPUR, March 4: The promoter of Balaji Gold Investment, Kohalpur, have decamped after mobilizing around Rs 7 million from more than 600 people.

Balaji collected the amount by luring people with attractive interest rates and schemes like ‘saving for jewelry’. The company had promised 12.5 percent interest rates to the depositors. It had also announced up to 60 percent discount on purchase of gold and gold jewelry after a year. The company had been collecting Rs 1,000 per day from depositors for the past many months.
MoI, MoAD Proposes MoF To Pay Rs 600m To Sugarcane Farmers
KATHMANDU, March 4:The Ministry of Industry (MoI) and Ministry of Agricultural Development (MoAD) have jointly proposed to the Ministry of Finance (MoF) to provide incentive of Rs 25 per quintal to sugarcane farmers.

The two ministries made the proposal after sugar mills told farmers that they won’t be able to give continuity to incentive of Rs 25 per quintal to the farmers. The mills had been giving the incentive to farmers since 2009 in a bid to encourage sugarcane production.
Birgunj Contractors Oppose Attempts To Award Contract Sans Bidding
BIRGUNJ, March 4: Local contractors have accused the Parsa Division Office of Department of Urban Development and Building Construction (DoUBC) of trying to award contracts of two road projects without publishing tender notice.

The blacktopping and road upgradation projects are worth around Rs 2.53 million.
Beema Samiti Asks Insurers To Open Offices In 3-5 Districts Each
KATHMANDU, March 4: In a bid to make crop and livestock insurance service available across the country, Beema Samiti (BS) has made it mandatory for 17 non-life insurance companies to open their offices in three to five districts each to offer crop and livestock insurance services to farmers.

The new arrangement will make agro insurance services available in 73 districts. Beema Samiti has not made it mandatory for non-life insurance companies to show presence in Kathmandu and Bhaktapur where their concentration is already height.
Dhakal Elected CAN Federation President
KATHMANDU, March 2: Binod Dhakal has been elected for a new term as the president of the Computer Association of Nepal (CAN) Federation.
In the election for the new executive committee held in Kathmandu on Saturday and Sunday, all members of Dhakal panel"s, except for the district members, won.

Dhakal and Narayan Neupane, incumbent second vice president of CAN Federation, had vied for the federation"s top post, fielding their respecting panels in the election.
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