LALITPUR— The Sajha Yatayat is adding 20 more buses in the Kathmandu Valley.
The Kathmandu Metropolis is investing Rs 50 million while the Rs 10 million shall be contributed by the Lalitpur Metropolitan City to launch new buses manufactured by the Indian Company Ashok Leyland which will have features like of Sajha vehicles presently in operation.
The company targets to bring new passenger buses into the valley in the next two months and they will be seen on the Valley roads after getting registered at the concerned department.
The Sajha that is operated on a cooperative model was established on 16th March, 1962 (Chaita 3, 2018 BS) as per the then Cooperative Act-2016 BS to provide accessible and reliable transport services to the public at reasonable prices. But, all services had been closed in 2064 BS due to various reasons.
The Sajha bus service was launched again on 13th April, 2013 (Chaita 31, 2069 BS) and at an initial phase, two buses were seen on the Kathmandu Valley in the morning of the following day( Nepal New Year 2070 BS) carrying the name of Sajha.
The government and local level owns over 90 percent share in Sajha
Currently, 47 Sajha buses are operated in the Valley.
Its long route services include the Kathmandu-Baglung and Kathmandu-Kushma, Parbat routes. Besides, it has special bus services meant for physically challenged people. It may be noted that Prime Minister KP Sharma Oli last Tuesday inaugurated electronic-buses introduced under the management of Sajha.
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.