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Plane lands at Balewa Airport first time in 16 years

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PARBAT — An aircraft of the Tara Air landed at Balewa Airport for the first time in 16 years.

The private airline conducted the test flight from Pokhara with a Twin Otter aircraft having the call sign 9NKL.

The airline is preparing to operate regular flights from Pokhara to Balewa from coming March 23. The company said there seemed no problem in the airport to operate the regular flight.

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The twin otter with three crew members– pilot Santosh Shah, co-pilot Prabhat Ghimire and air hostess Sirjana Humagain –made its landing at the airport which was shut owing to lack of passengers.

The Baglung Municipality has agreed to bear the loss if the airline company failed to find passengers for regular flights.

Earlier, the Municipality promised to compensate if the loss in the operation of regular flights and, following the Municipality’s announcement, various airlines companies became ready to operate their services to Balewa.

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Economy

Business community demands slash in interest rate

Pratigya Waiju

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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.

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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.

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