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BUSINESS BRIEFS: SpiceJet arrives in Kathmandu

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KATHMANDU, Oct 7: SpiceJet, an India-based low-cost airline, has started operation in Kathmandu from Thursday. The first flight of a 189-seater Boeing 737-800 arrived in Kathmandu on Thursday with 173 passengers on board. Kathmandu is the first international destination for SpiceJet.

 

“In India, airlines need to complete five years of operation as a domestic airline to start international flights. We just completed out fifth year so have started expanding ourselves into the international market,” said Samyukth Sridharan, the chief commercial officer of SpiceJet. [break]



SpiceJet make flights to Kathmandu-New Delhi-Kathmandu every day of the week except Tuesdays. The cheapest one-way fare between New Dehli and Kathmandu will cost Rs 2,400 whereas the more expensive one can go up to Rs 12,500.



“If customers try to buy tickets at the last moment, it´s going to cost them a lot. Otherwise, about 25 percent of our tickets are in the cheapest range,” Sridharan added.



The flight will arrive in Kathmandu at 9:00 am and depart at 9:50 am. SpiceJet family is also planning to operate flights to other cities of India from Kathmandu in the near future.





President Yadav opens gene bank



KATHMANDU, Oct 7: President Dr Ram Baran Yadav on Thursday inaugurated a gene bank -- a sophisticated lab that can protect seeds of agro-products including cereal crops and vegetables for over a hundred years -- set up on the premises of Nepal Agricultural Research Centre at Khumaltar.



The bank has been established with the objective of utilizing the original features of Nepali indigenous varieties of seeds collected at the bank. The bank was established at the cost of Rs 70 million. Around 11,000 local samples of seeds have been collected and protected in the bank for last three years.



Speaking on the occasion, president Yadav said green revolution during 1960s was possible due to proper utilization of genetic resources to boost production of food grains. The gene bank protects the agene of seeds by maintaining proper chilling temperatures up to minus 20 degree Celsius.



The bank has been protecting 20 varieties of food grains, 22 of pulses, 20 each of oilseeds and vegetables, 10 of spices, 30 of fiber and five of miscellaneous varieties of crops.



Different samples of seeds of indigenous varieties of agro products had been protected in the gene banks of the Philippines and India in the absence of gene bank in the country. NARC is also planning to protect gene of different animal and bird species in the bank.





Third issue of Nefport launched



KATHMANDU, Oct 7: The third issue of Nefport -- a quarterly economic review published by Nepal Economic Forum (NEF) -- was launched on Wednesday.



On the occasion, a discussion on ´Building Partnership between the Private Sector and Development Organizations´ was also held.



Those participating the on the discussion were Sarah Sanyahumbi of DFID, vice-president of Surya Nepal Laishram Buddha Singh, NEF Chairperson Sujeev Shakya, and Deputy Country Representative of Asia Foundation Sagar Prasai. Nefport has been covering an overview of economic outlook of Nepal.



Speaking on the occasion, Sanyahumbi emphasized that private sector has a key role to pay in helping Nepal achieve its Million Development Goals (MDGs). Singh also stated the role of private sector in promoting social entrepreneurship in the country.



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