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Page last updated at 2013-11-12 15:27:51 RSS
  BUSINESS & ECONOMY
  Dollar Rises In Asia On Upbeat US Data
       AGENCE FRANCE PRESSE  
 
    TOKYO, Nov 12: The dollar rose in Asia Tuesday as upbeat US jobs data fuelled speculation of a winding down of the Fed´s monetary easing programme.

The greenback bought 99.56 yen in Tokyo afternoon trade, up from 99.20 yen in New York Monday afternoon.

 
  Mukninath Opens New Branch Office
       REPUBLICA  
 
   

 
  IB Probes Illegal Payment Made To RBS Staffers
       RUDRA PANGENI  
 
    KATHMANDU, Nov 11: A probe panel formed by the Insurance Board IB) - the insurance sector regulator - has started collecting information from Rastriya Beema Sansthan (RBS) to examine the legitimacy of perks and benefits that RBS staff members are enjoying.

The IB took the step as per the direction of the Commission for the Investigation of Abuse of Authority (CIAA) - the constitutional anti-corruption body.
The panel, which was formed about a week ago, is led by IB board member Narendra Man Shrestha.

 
  Revenue Collection Posts Slow Growth
       REPUBLICA  
 
    KATHMANDU, Nov 11: Revenue collection in major headings remained dissatisfactory in the first quarter of the current fiscal year.

According to the Ministry of Finance (MoF), only Rs 23.63 billion or 91.08 percent of the target was raised through VAT - the largest source of revenue - during the quarter ending mid-October. The government had set the target of mobilizing VAT worth Rs 25.95 billion during the first quarter.

 
  Tunnel Highway Construction Begins
       REPUBLICA  
 
   

 
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