AGREEMENT BETWEEN MANAGEMENT AND WORKERS AT SURYA NEPAL Kathmandu, 24 April: Agreement was reached Monday between management and workers of Surya Nepal ending a mpnth-long disruption of work. “Workers gave up some demands as we did,” said Senior Vice-president Rabi KC. nnnn KAILASH BIKAS BANK STARTS OPERATION Kathmandu, 24 April: Kailash Bikash Bank started operation Monday as a national –level development bank. Nepal Rashtra Bank upgraded Pokhara-based Annapurna Finance Co. to a Development with a name change. nnnn ADBL NET PROFIT JUMPS 25 PERCENT Kathmandu, 24 April: Net profit of Agriculture Development Bank Ltd. (ADBL) in 2010/11 jumped 25 percent to Rs.2.36 billion, the bank said. The bank has a network of 243 outlets. nnnn NEPAL PROMOTION EXHIBITION IN LOS ANGELES, BOSTON Kathmandu, 24 April: Nepal Chamber of Commerce and Industry (NCC) is ollllding a Nepal Promotion Exhibition 2012 in Los Angeles 27 to 29 April and Boston 11 to 12 May. The exhibition is to promote Nepal Investment Year 2012/13 and push Nepali exports in USA. Nnnn IOC WAIVING COMMISSION AND EXCISE DUTY Kathmandu, 24 April Indian Oil Corporation (IOC) is waiving commission and excise duty of POL exports to Nepal, Nagarik reports. Thus was decided by a recent meeting of the board. A IOC delegation is coming Friday to sign an agreement. nnnn