Wednesday, July 20, 2011

No bonus to RBB Staff.

Citing on the directive issued to Nepal Oil Corporation last August, the Commission for Investigation of Abuse of 
Authority (CIAA) said that the demand of receiving bonus of Rastriya Banijya Bank (RBB) staff could not be justified. 
Appearing before State Affair Committee under legislature parliament today, CIAA secretary Bhagawati Prasad Kafle 
said that the bonus should not be distributed unless the bank recovers its accumulative loss. The anti-graft body last 
August had directed Nepal Oil Corporation (NOC) to revoke its decision of bonus distribution. "The corporation 
cannot distribute bonus citing profit for one year since it is reeling under accumulative loss," the CIAA had said.


The anti-graft body had also instructed the government not to distribute bonus at any other public entities suffering 
accumulative loss, even if they recorded profit in a specific fiscal year. "The directive issued to NOC should be 
taken an example for all the other public enterprises, if they are incurring accumulative loss," Kafle reiterated, adding 
that the decision will save state coffer.

 

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