Roundup of Economic & Business News (Mar 1- Mar 23)

Mar 1
India cuts financial aid to Nepal (eKantipur.com)
Sauraha tourism hit hard by disturbances (eKantipur.com)
Deposits in banks touch Rs 300b mark (eKantipur.com)
Power cuts take toll on industries (eKantipur.com)
FNCCI and CNI join hands to raise issues of their mutual concern (Nepalnews.com)
Energy crisis brings industrial production down to 20pc (Nepalnews.com)

Mar 2
Aid to Nepal not cut: India (eKantipur.com)
Rs 91b for 3-yr education plan (eKantipur.com)
Garment export slides 64 pc (eKantipur.com)

Mar 3
90,000 tons of sugarcane dries up (eKantipur.com)
MPRF padlocks Bhittamod customs (eKantipur.com)

Mar 4
Commentary
‘Special state provisions a must to address power crisis’ - Karki (eKantipur.com)
Tourist arrivals up by 63pc in February (Nepalnews.com)

Mar 5
India proposes building SAARC power ring (eKantipur.com)
Govt to seek US$ 2.6b for interim plan (eKantipur.com)
Nepal-India trade treaty renewed (eKantipur.com)
Preferential facility sought from China (eKantipur.com)

Mar 6
Businessmen refuse to pay taxes citing bandas (eKantipur.com)
Khudi hydropower to be inaugurated (Nepalnews.com)

Mar 7
‘Backchannel’ used to run TV with 100 pc FDI (eKantipur.com)
Everest Bank opens twentieth branch (eKantipur.com)

Mar 8
Valley petrol supply on alternate days (eKantipur.com)
British Gurkhas to get equal benefits (eKantipur.com)

Mar 9
ADB to trim Melamchi by US $ 114 m (eKantipur.com)
New team takes over Nepal Bangladesh (NB) Bank mgmt (eKantipur.com)
the boss Top 10 awards given away (eKantipur.com)
Tax cut sought for stationery products (eKantipur.com)
Medicines to require Nepali labels (eKantipur.com)

Mar 10
69 MW Marsyangdi shut down for repairs (eKantipur.com)
Govt to compensate banda hit industries (eKantipur.com)

Mar 11
Commentary
Sanima to focus on micro-credit - Ojha (eKantipur.com)
BizNews Briefs (Chinese Sedan to hit market soon, RBB launches SMS banking service)

Mar 12
Power cuts cripple cyber café business (eKantipur.com)
Nepal set to sign labor pact with S Korea (eKantipur.com)
Hetauda industries suffer (eKantipur.com)

Mar 13
Insurance firms let down public (eKantipur.com)
Ace Finance to become development bank (eKantipur.com)
Govt offers incentive to phase out old vehicles (eKantipur.com)
Aarti Strips to close down (eKantipur.com)

Mar 14
Biotechnology not faring well (eKantipur.com)
Insurance Board (IB) directs insurance companies to review low bonus rates (eKantipur.com)
500,000 NT mobile lines for outside Valley (eKantipur.com)
‘Check capital flight with monetary measures’ (eKantipur.com)
ADB consults govt on West Seti (eKantipur.com)

Mar 15
Rs 3b aid for renewable energy (eKantipur.com)
NOC fuel supply cut triggers shortage (eKantipur.com)
‘Clients lost Rs 6,600 not Rs 33,000’ (eKantipur.com)

Mar 16
Handicraft export dips by 5 percent (eKantipur.com)
Indian aid to Nepal rises to Rs 3.5 billion (eKantipur.com)

Commentary
Delays have cost hydropower projects (eKantipur.com)

Mar 18
Commentary
‘Finance companies need to diversify products’ - Sapkota (eKantipur.com)

Mar 19
Businessmen launch indefinite nationwide strike (eKantipur.com)
Rural Nepal still lacks telecom access (eKantipur.com)
‘Access to financial services declining’ (eKantipur.com)
SAARC Food Bank to be established (eKantipur.com)

Mar 20
Load-shedding reduced by 16 hrs per week (eKantipur.com)
Life Insurance Corporation (Nepal) Nepal to raise insurance bonus (eKantipur.com)
Blockade halts goods movement (eKantipur.com)

Mar 21
Business strike called off (eKantipur.com)
Petroleum shortage bites after supply cut (eKantipur.com)
Labor export falls by up to 30 pc (eKantipur.com)

Mar 22
Govt forwards draft on labor pact (eKantipur.com)
Lending for IPO shares banned (eKantipur.com)
As fuel crisis worsens, cab drivers struggle (eKantipur.com)

Mar 23
Internet subscriber growth unimpressive (eKantipur.com)
Biratnagar customs asked to shut down (eKantipur.com)
Foreign trade remains gloomy (eKantipur.com)
Govt seizes bank defaulters’ passports (eKantipur.com)
Mgmt protected NAC staff involved in theft at TIA: report (eKantipur.com)
(eKantipur.com)