UML STANDING COMMITTEE REVIEWS RESULT OF NATIONAL REPRESENTATIVES COUNCIL MEET

UML STANDING COMMITTEE REVIEWS OUTCOME OF NATIONAL REPRESENTATIVES COUNCIL MEET
Kathmandu, 14 March: UML standing committee Wednesday discussed result of the just concluded national representatives council in the capital.
The meeting for the first time in three years after a party general assembly decided to put pressure on Maoists especially to conclude the delayed peace process and constitution drafting.
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VIBOR BIKASH BANK, BHAJURATNA FINANCE GET MERGER APPROVAL
Kathmandu, 14 March: Vibor Bikas Bank and Bhajuratna Finance have received go-ahead for merger from Nepal Rashtra Bank (NRB) Tuesday.
The central bank issued a letter to the institutions Tuesday.
The two institutions signed memorandum of understanding for the merger July 2011.
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PM INAUGUATES ENERGY CONFERENCE SPONSORED BY INDIA
Kathmandu, 14 March: Prime Minister Baburam Bhattarai Wednesday
inaugurated a two-day Energy Meet 2012 in the capital to promote investments in the power sector amid extreme shortage forcing extended load-shedding in the dry season..
The meet is sponsored by the Indian embassy and BP Koirala Foundation to
mainly promote investments in the energy sector.
Indian investors are the main participants.
The meeting comes immediately after a parliamentary committee raised objections to Chinese investment in the 750MW West Seti Power Project after government withdrew permission to an Australian group hat didn’t go ahead in implementation even 16 years after getting permission.
Without international tender, government awarded the project to a Chinese company with 75 percent majority stake.
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