• RNA Gheraoes Maoists • Vajpayee-Musharraf ... - Digital Himalaya
• RNA Gheraoes Maoists • Vajpayee-Musharraf ... - Digital Himalaya
• RNA Gheraoes Maoists • Vajpayee-Musharraf ... - Digital Himalaya
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NEWSNOTES<br />
remote mountain villages of central Nepal<br />
by the Maoist rebels. In a Stalemelll issued<br />
Tuesday. the comm ission termed the Maoist<br />
attacks as 19ross violation of human rights."<br />
Saying that there has been violation of<br />
human rights from the government as well<br />
as rebels. the comm ission has urged both<br />
sides to maintain restraint from committing<br />
fUl1her human ri ghts violations. In a<br />
separate statement. the King Mahendra<br />
Trust for Nature C.onservation (KMTNC)<br />
has condemned the recent unprovoked attacks<br />
by a group of amled youths calling<br />
themselves <strong>Maoists</strong> on the Annapurna<br />
Conservation Area Project (ACAP). The<br />
Trust condem'led attacks on its offices at<br />
alekharkaand Pokhara in western Nepal<br />
early this month and expressed hope that<br />
environmental institutions like it worki ng<br />
for the people would not be subjected to<br />
unnccessal)' harassment in the days tocome.<br />
King Gyanendra heads the Trust, internationally<br />
acclaimed for its conservation activities.<br />
Compiled/rom reports.<br />
Earthquake Hits<br />
The Country<br />
A powerful earthquake measuring5.9<br />
on the Richter scale hit the western and<br />
central parts ofthecoumry Monday night.<br />
The tremor was epiccnlered near the district<br />
headquarters of Gorkha in Western<br />
Nepal and lasted for 10-12 seconds, ac<br />
'()rding to the Department of Mines and<br />
ology. Details of damage to life and<br />
properly were not avai lable imnwdiately.<br />
Kathmandu residents felt the jolts at 9:57<br />
p. m. Monday. CompiledJrom reporls.<br />
Nepal Grindlays Renamed<br />
As Standard Chartered<br />
Nepal Grindlays Bank Ltd. a joint<br />
ven ture that began its operations in January<br />
1987, has been renamed as Standard<br />
Chartered Bank Nepal Ltd. from Monday<br />
(July 16). According to a press release<br />
issued by the bank. the change in name<br />
has been brought forth by tbe acquisilion<br />
of ANZ Grindlays Bank LLd. from the<br />
Australia and New Zealand Banking<br />
Group P.L.c. from July 3 1, 2000. With<br />
thi s acquisition, achange has been brought<br />
in the ownership of the share of Nepal<br />
Grindlays Bank Ltd. 50 percent shares of<br />
Nepal Gri ndlays Bank LLd. , previ ously<br />
owned by ANZGrindlays are now owned<br />
by Standard Chartered Grindlays Bank.<br />
Nepal Bank Limited holds 33 percent of<br />
the remaining shares, while the rest 17 per<br />
cen t shares are commanded by the general<br />
public. Standard Chartered is the world's<br />
leadi ng emerging markets bank with 570<br />
offices across more than 50 countries primarily<br />
in Asia, the sub- continem, the<br />
Middle East. Africa and Latin America,<br />
the bank said. CompiledJrom reporls.<br />
FNCCI Welcomes<br />
The Budget<br />
The Federation of Nepalese Chambers<br />
of Commerce and Industries (FNCCT)<br />
has welcomed the budget forthe next liscal<br />
year2001-02 presented by Finance Minister<br />
Dr. Ram Sharan<br />
Mahat in the parliament<br />
Monday. In a<br />
statement, the apex<br />
Chamber said the<br />
budget has made attempts<br />
La gear the<br />
economy toward the<br />
right direction by<br />
boosting investment<br />
thro ugh measures<br />
such as rehabilitation<br />
of sick industries. decrease<br />
in the interest<br />
rate on loans in specified<br />
fields, preference<br />
to the domestic products<br />
in government<br />
purchases and reduction<br />
in the duty on<br />
import or certain capital<br />
goods. Tt has also<br />
taken thc budgetary<br />
provision of authorizing<br />
the director general<br />
at the Department<br />
oflnduslry to approve<br />
foreign investment up<br />
to Rs lOO billion as a<br />
positi ve de ve lopment.<br />
Saying that<br />
Dr, Mabat<br />
as transparency is bound to decrease, the<br />
FNCCI has said the exemption on income<br />
tax for a person and a family is inadequate.<br />
Leading dailies reporl.<br />
<strong>•</strong><br />
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