DHANUSHA — The test operation of Janakpur-Jayapur railway, Nepal’s only railway service underwent successfully on Wednesday.
The test operation was conducted by the Indian side in a bid to resume the operation of the train service which has remained completely standstill for the last four years.
During the test operation, a railway engine with 53 bogies made the 8.5 kilometres long journey from Jayanagar of Nepal to Khajuri Railway Station in India, according to the Nepal Railway Campaigner Binod Ojha.
The train moved with ease during the test operation.
Ojha further informed that there would be no trouble in resuming railway service with the completion of the test operation.
There was a huge queue of spectators to observe the test operation of South Asia’s first railway service that connects two countries.
The Janakpur-Jayanagar-Kurtha rail service, being constructed at the Indian assistance of Rs 7 billion, is in its final phase.
Business community demands slash in interest rate
BIRATNAGAR— The industrialists and traders in Biratnagar have asked the government to immediately reduce the high interest rate charged by the bank and financial institutions (BFIs) from the borrowers.
They argued that the interest rate should be around seven percent for the production-based industries and up to nine percent for the trading firms.
At a programme jointly organised by Industry Association Morang and Trade Association Morang on Thursday, the business leaders drew attention of the government to that end adding that job creation for the labour force of 500,000 was not likely only from the industry and trade sectors.
Stressing the need for slashing the interest rate, they also argued the central bank should realise the reality that no bank was running out of loss. The industrialists and businesspersons said that industries and business should flourish to reduce the trade deficit, strengthen the economy and create more job opportunities.
Industrialists Bhim Ghimire, Pawan Kumar Sharda, Sushen Pyakurel, Moti Dugad and others said that bank’s interest rate should be low to increase the domestic investment and lure the foreign investment.