The three-day fair, held from 11-13 July at Netaji Indoor Stadium, was the biggest ever held in the city with over 250 participants from all over India, including representation from 26 states of India and 9 different countries, states a press release issued by NTB on Wednesday.
Meanwhile, Consulate General´s Office of Nepal in Kolkata organized a friends-of-Nepal meet in Kolkata on 14 July, with the objective of strengthening relations and promoting trade and tourism between Nepal and West Bengal.
Laxmi Bank to crusade against bad checks
KATHMANDU, July 15: Laxmi Bank will fine account holders of the bank who are repeatedly found issuing bad checks, i.e. checks issued intentionally without sufficient balance in the accounts.
The bank had decided to take the action "to encourage prudent financial behavior among clients and all stakeholders of the bank," states a press release issued by the bank on Wednesday. "This is in line with our responsible banking initiative," adds the release.
To kick start this noble initiative, the bank has already started keeping records of account holders who issue bad checks. "These records will be reviewed frequently and account holders found ignoring repeated requests will be requested to correct their account behavior," states the release. "If they are found flouting these requests, the bank may suspend or close such accounts as a last measure."
Quoting Bhubal Rai, chief operating officer of Laxmi Bank, the release states, "Writing a bad check not only affects the credibility of checks as a mode of payment, but also pushes us back to being a ´cash-based´ economy."
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