May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share…
May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share…
May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday. The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association…
May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in…
May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a…
May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other…
May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85…
May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” says Bishnu Poudel, Finance Minister.…
May 29: NLG Insurance Company has felicitated outstanding staffs on the occasion of the company’s 12th anniversary. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter.…
May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios…
May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the…
May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities…
May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal.…
May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in…
May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited…
May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May…
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As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3631', 'article_category_id' => '1', 'title' => 'Conference on Sustainable Agricultural Growth in Nepal Begins', 'sub_title' => '', 'summary' => 'May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday. The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).', 'content' => '<p style="text-align: justify;">May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday.</p> <p style="text-align: justify;">The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).</p> <p style="text-align: justify;">Minister for Agricultural Development Haribol Gajurel, addressing the inaugural session of the conference said that investment of donor agencies do not meet the actual need of the agriculture sector of the country. On the occasion, General Director of IFPRI Shenggen Fan said that additional possibilities should be created for women and youth in agricultural sector. He said that the “3A” (Africa, Agriculture, and Adaptation) is being used for the development of agricultural sector and Asia now is in Africa’s position. At the conference it was informed that immediately after the earthquake, 80 percent of the most food insecure households lost their entire food stock and 55 percent of households overall lost at least half their food stock.</p> <p style="text-align: justify;"> Bishwambher Pyakuryal, Chairman of NEA said “ the nature of food consumption is changing in Nepal. I doubt that the government would implement experts’ suggestion on uplifting the agricultural sector of the country.”</p> <p style="text-align: justify;">According to the organisers, the objective of the conference is to find solution of the challenges such as low productivity , high instability, immediate effect of climate change, sufficient infrastructure and shortage of investment through discussing for upcoming days. More than 100 representatives of agricultural investigators, donor agencies and private sector from Nepal, India, United States and various other countries are participating in the two days conference.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3465', 'image' => '20160530014159_agr.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3630', 'article_category_id' => '1', 'title' => 'Nepal Self-reliant on Poultry Products: Poultry Entrepreneurs', 'sub_title' => '', 'summary' => 'May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.', 'content' => '<p style="text-align: justify;">May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.</p> <p style="text-align: justify;">During the program, NFIA officials stress on the need of further development of the domestic poultry industry as it could make a positive contribution towards the country’s economy, public health and employment generation. Speakers informed about the benefits of consuming broiler chicken meat in the program.</p> <p style="text-align: justify;">In addition, NFIA informed about the promotional material ‘<em>Kukhura Khaon, Anda Khaon</em>’ and ‘<em>Sabaile Khaon, Sadhai Khaon’ </em>that it has planned to advertise.</p> <p style="text-align: justify;">According to the association’s data, around 500,000 people are directly or indirectly engaged in the poultry business. Currently, there are over 95 grain industries in Nepal out of which 22 produce pellet grains while other seven are preparing to start production. According to Narayan Hari Khatri, Chairman of NFIA, all industries are averagely producing 1,800 tons of grains daily. He informed that the domestic poultry business produces products worth Rs 75 billion annually. The industry’s investment totals Rs 65 billion and contributes 3.5 percent of the country’s GDP.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3464', 'image' => '20160530010446_poul.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3629', 'article_category_id' => '1', 'title' => 'Free Service Camp of CG AC', 'sub_title' => '', 'summary' => 'May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement.', 'content' => '<p style="text-align: justify;">May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement. According to the company, customers will not only get the free servicing under the scheme but also get special discounts on the purchase of spare parts. “Customers can call at 813975980 to get information about the service which will be effective in Kathmandu valley only,” reads the statement.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3463', 'image' => '20160530010217_cg.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3628', 'article_category_id' => '1', 'title' => 'National Hydropower to Conduct AGM on Mid-July', 'sub_title' => '', 'summary' => 'May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits.', 'content' => '<p style="text-align: justify;">May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits. The press release also informs that the restraining order submitted by Deepak Karki and Yogendra Rai to postpone the special general meeting has been cancelled by the court. </p> <p style="text-align: justify;">“With the end of all legal hurdles, there are no problems in share transactions and all shares have been D-matted,” says Bishshewor Subedi, Director of the company. The company has mentioned that outstanding payment will be made in instalment to internal revenue and Sunkoshi project that's license has been cancelled by Commission for the Investigation of Abuse of Authority (CIAA) will be revised. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3462', 'image' => '20160530122835_nat.JPG', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3627', 'article_category_id' => '1', 'title' => 'Everest Bank Opens Branch in Lamahi', 'sub_title' => '', 'summary' => ' May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.', 'content' => '<p>May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3461', 'image' => '20160530112617_eve.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3626', 'article_category_id' => '1', 'title' => 'High Economic Growth in Upcoming Decade', 'sub_title' => '', 'summary' => 'May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” says Bishnu Poudel, Finance Minister. ', 'content' => '<p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” said Bishnu Poudel, Finance Minister. He added “We have brought budget in a bid to achieve high economic growth and prosperity.” Apparently, economic growth of Nepal has rested at 0.77 percent in the current FY.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">In a press conference, organised at Finance Ministry on Sunday, he said that sufficient budget has been allocated in capital formation program. He opined that the budget has been brought on the foundation of financial discipline in order to promote the nation to medium level income generating nation by 2030. He claimed that the budget has allocated 50.4 percent of total budget including capital grant and investment in productive and capital formation projects.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Similarly, the government has allocated Rs 300.95 billion for capital expenditure of upcoming FY. “Unproductive expenditure has been reduced. The budget has kept high expectation. If we select prosperity then high expectation should be kept,” he added. He said that the budget has brought programs which will support in construction of prosperous Nepal. He stated “The budget is trying to decentralise authority and sources of Singha Durbar to rural villages. That’s why we have doubled the budget for village development.”</span></span></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3460', 'image' => null, 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3624', 'article_category_id' => '1', 'title' => 'NLG Felicities Outstanding Staff', 'sub_title' => '', 'summary' => 'May 29: NLG Insurance Company has felicitated outstanding staffs on the occasion of the company’s 12th anniversary. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. ', 'content' => '<p style="text-align:justify">May 29: NLG Insurance Company has felicitated its outstanding staffs on the occasion of <span style="line-height:20.8px">12th anniversary of </span><span style="line-height:1.6">the company. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. </span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3458', 'image' => '20160529034237_nlg.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3623', 'article_category_id' => '1', 'title' => 'Toyota’s Rs 1 Car Repair Offer', 'sub_title' => '', 'summary' => 'May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.', 'content' => '<p style="text-align: justify;">May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.</p> <p style="text-align: justify;">Under the offer, the customer of New Toyota Etios family car can repair their car for three years in the well facilitated service center of the company with Rs 1 expense, states the company in a press release. The offer will be applied for the customer buying cars till June 31.</p> <p style="text-align: justify;">However, the company informs that the offer does not cover expenses of body repair, battery and tyre change and damages cause by accident.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3457', 'image' => '20160529025709_toyora.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3622', 'article_category_id' => '1', 'title' => 'Smart Telecom Expanding Services', 'sub_title' => '', 'summary' => 'May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company.', 'content' => '<p style="text-align: justify;">May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company. He added “We will expand our service by adding more towers within some weeks.” Currently, Smart is providing services in nearly 34 districts.</p> <p style="text-align: justify;">The company which started its services in June 2008 after getting rural telecommunication license from Nepal Telecommunication Authority received integrated telecommunication license in April 2013.</p> <p style="text-align: justify;">Currently, the company is providing services to around 1.4 million customers.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3456', 'image' => '20160529024834_smart.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3621', 'article_category_id' => '1', 'title' => 'Budget Prioritises Construction of International Airports', 'sub_title' => '', 'summary' => 'May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .', 'content' => '<p style="text-align:justify">May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .</p> <p style="text-align:justify">The government has allocated Rs 7.22 billion budget for construction of Gautam Buddha International Airport .Similarly, Rs 5 billion has been allocated for Pokhara International Airport with an aim to complete within next 4 years. The airport that has been constructed with the target to operate in 4 years will have Rs 21 billion investment from China. Likewise, the government has allocated Rs 1.50 billion for acquisition and demarcation of the land for Nijgadh International Airport.</p> <p style="text-align:justify"> The budget also include program of starting operation of domestic airport that was in operation in past but has been closed currently. Similarly, capacity expansion of regional airport of Biratnagar, Dang and Dhangadhi will be carried out. Likewise, some closed internal airports will be operated after maintenance. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3455', 'image' => '20160529022543_Goutam-Buddha-Airport1.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3620', 'article_category_id' => '1', 'title' => 'Project Bond for Infrastructure Development', 'sub_title' => '', 'summary' => 'May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. ', 'content' => '<p style="text-align:justify">May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. The government is likely to involve Insurance Companies, Citizen Investment Trust, Employee Provident Fund, and Deposit and Credit Guarantee Corporation in such project bond. Securities Board of Nepal (SEBON) has also planned of formulating a mechanism to utilize excess money accumulated in insurance companies by establishing mutual investment fund. SEBON is preparing to amend mutual fund bylaws in order to formulate the mechanism.</p> <p style="text-align:justify">Similarly, in the budget, the government has reiterated ‘Bank account for all Nepali’ program announced earlier. For this, the government is planning to distribute social security allowance through bank accounts. Similarly, it has directed Nepal Rastra Bank (NRB) to formulate necessary mechanism in order to open bank account in zero balance. Cash handovers made by the governments including insurance will also be distributed through the bank accounts.</p> <p style="text-align:justify">The budget also includes topic of establishing Infrastructure Bank that has been repeating over the years. The bank will be established under government and private sector’s partnership. Similarly, the budget also includes programs of mobile banking and branchless banking for expansion of financial services in the rural areas. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3454', 'image' => '20160529013715_bond.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3619', 'article_category_id' => '1', 'title' => 'Gulf Lubricant Retail Meet Concluded', 'sub_title' => '', 'summary' => 'May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu.', 'content' => '<p style="text-align: justify;">May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu. In the program, information about Gulf lubricant and its products were given to the attendants. Similarly, information about various schemes brought by the company on different products was also provided. Moreover, Rituk Salav, the marketing head of Nepal Lube Oil and Madhusudan Sigdel, Managing Director of Ave Trading answered the queries of the participants.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3453', 'image' => '20160529124832_gulf.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3618', 'article_category_id' => '1', 'title' => '15% Income Tax Concession for Public Limited Companies', 'sub_title' => '', 'summary' => 'May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company.', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company. Even though it was not announced in the budget speech, the economical bill publicised on Saturday has clearly stated that manufacturing, tourism services, hydropower production, distribution and transmission bodies listed in securities market will be given 15 percent income tax concession. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Earlier, these organisations were given 10 percent income tax concession. The percentage of income tax concession has been increased as the concession provided before could not attract the real sector into the share market. Few weeks ago, in a program, Rajan Khanal, Revenue Secretary of Finance Ministry had pointed out on possibility of increase in tax concession in the first phase to attract the companies in the share market. Khanal informed that even if the target is not achieved then in the second phase, it will be made mandatory for some sectors. He had also informed that additionally, Finance Ministry has thought of giving tax subsidy for two years. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Khanal had publicised that if companies do not enter share market after receiving tax concession or subsidy, then mandatory provision of issuing shares will be made for companies established under public/private agreement (PPA) model. Meanwhile, the budget has mentioned of presenting commodity market bill in Legislature-Parliament in coming FY. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3452', 'image' => '20160529122957_taxconcessionchanges.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3617', 'article_category_id' => '1', 'title' => 'Samsung Galaxy J5 and J7 Launched in Nepal', 'sub_title' => '', 'summary' => 'May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.', 'content' => '<p style="text-align: justify;">May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.</p> <p style="text-align: justify;">The new Samsung smartphones come with the innovative Ultra Data Saving (UDS) mode. “Developed in Samsung’s R and D centres in Asia, the UDS feature allows users to save up to 50 percent mobile data through compression technology and by restricting background data consumption from applications,” informs the company in a press statement.</p> <p style="text-align: justify;">According to the company, it has also launched an industry first S Bike Mode with J7 and J5. “With this feature, consumers can have tension free ride as urgent call alert system notifies callers that a person is riding and unavailable to take calls,” reads the statement, mentioning, “Callers can however have option to press one in case the call is urgent.” But, the rider has to come to a halt before they can answer the call.</p> <p style="text-align: justify;">Galaxy J5 is powered by Qualcomm Snapdragon 1.2 quad-core processor while Galaxy J& 2016 has an upgraded Exynos 1.6 GHz octa-core processor. Both the devices have 2 GB RAM and 16 GB ROM with an option to expand memory up to 128 GB with micro-SD card.</p> <p style="text-align: justify;">Running on Android 6.0 Marshmallow, Galaxy J5 and J7 house outstanding battery capacity of 3100 mAh and 3300 mAh. “With Ultra Power Saving consumers have to never run out of the battery,” states the statement. J7 comes with 5.5 inch screen with Super AMOLED display while J5 has 5.2 inch screen with Super AMOLED screen.</p> <p style="text-align: justify;">Galaxy J5 and J7 come with impressive 13 Mp rear camera and 5 MP front camera. Both smart phones will be available in three color variants- gold, black and white. The Samsung Galaxy J5 and J7 are priced Rs 24,490 and Rs 27,990 respectively.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3451', 'image' => '20160529120327_sam.JPG', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3633', 'article_category_id' => '1', 'title' => 'PPA of Trisuli-Galchi Project', 'sub_title' => '', 'summary' => 'May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment.', 'content' => '<p style="text-align: justify;">May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment. As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3631', 'article_category_id' => '1', 'title' => 'Conference on Sustainable Agricultural Growth in Nepal Begins', 'sub_title' => '', 'summary' => 'May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday. The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).', 'content' => '<p style="text-align: justify;">May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday.</p> <p style="text-align: justify;">The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).</p> <p style="text-align: justify;">Minister for Agricultural Development Haribol Gajurel, addressing the inaugural session of the conference said that investment of donor agencies do not meet the actual need of the agriculture sector of the country. On the occasion, General Director of IFPRI Shenggen Fan said that additional possibilities should be created for women and youth in agricultural sector. He said that the “3A” (Africa, Agriculture, and Adaptation) is being used for the development of agricultural sector and Asia now is in Africa’s position. At the conference it was informed that immediately after the earthquake, 80 percent of the most food insecure households lost their entire food stock and 55 percent of households overall lost at least half their food stock.</p> <p style="text-align: justify;"> Bishwambher Pyakuryal, Chairman of NEA said “ the nature of food consumption is changing in Nepal. I doubt that the government would implement experts’ suggestion on uplifting the agricultural sector of the country.”</p> <p style="text-align: justify;">According to the organisers, the objective of the conference is to find solution of the challenges such as low productivity , high instability, immediate effect of climate change, sufficient infrastructure and shortage of investment through discussing for upcoming days. More than 100 representatives of agricultural investigators, donor agencies and private sector from Nepal, India, United States and various other countries are participating in the two days conference.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3465', 'image' => '20160530014159_agr.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3630', 'article_category_id' => '1', 'title' => 'Nepal Self-reliant on Poultry Products: Poultry Entrepreneurs', 'sub_title' => '', 'summary' => 'May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.', 'content' => '<p style="text-align: justify;">May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.</p> <p style="text-align: justify;">During the program, NFIA officials stress on the need of further development of the domestic poultry industry as it could make a positive contribution towards the country’s economy, public health and employment generation. Speakers informed about the benefits of consuming broiler chicken meat in the program.</p> <p style="text-align: justify;">In addition, NFIA informed about the promotional material ‘<em>Kukhura Khaon, Anda Khaon</em>’ and ‘<em>Sabaile Khaon, Sadhai Khaon’ </em>that it has planned to advertise.</p> <p style="text-align: justify;">According to the association’s data, around 500,000 people are directly or indirectly engaged in the poultry business. Currently, there are over 95 grain industries in Nepal out of which 22 produce pellet grains while other seven are preparing to start production. According to Narayan Hari Khatri, Chairman of NFIA, all industries are averagely producing 1,800 tons of grains daily. He informed that the domestic poultry business produces products worth Rs 75 billion annually. The industry’s investment totals Rs 65 billion and contributes 3.5 percent of the country’s GDP.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3464', 'image' => '20160530010446_poul.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3629', 'article_category_id' => '1', 'title' => 'Free Service Camp of CG AC', 'sub_title' => '', 'summary' => 'May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement.', 'content' => '<p style="text-align: justify;">May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement. According to the company, customers will not only get the free servicing under the scheme but also get special discounts on the purchase of spare parts. “Customers can call at 813975980 to get information about the service which will be effective in Kathmandu valley only,” reads the statement.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3463', 'image' => '20160530010217_cg.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3628', 'article_category_id' => '1', 'title' => 'National Hydropower to Conduct AGM on Mid-July', 'sub_title' => '', 'summary' => 'May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits.', 'content' => '<p style="text-align: justify;">May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits. The press release also informs that the restraining order submitted by Deepak Karki and Yogendra Rai to postpone the special general meeting has been cancelled by the court. </p> <p style="text-align: justify;">“With the end of all legal hurdles, there are no problems in share transactions and all shares have been D-matted,” says Bishshewor Subedi, Director of the company. The company has mentioned that outstanding payment will be made in instalment to internal revenue and Sunkoshi project that's license has been cancelled by Commission for the Investigation of Abuse of Authority (CIAA) will be revised. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3462', 'image' => '20160530122835_nat.JPG', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3627', 'article_category_id' => '1', 'title' => 'Everest Bank Opens Branch in Lamahi', 'sub_title' => '', 'summary' => ' May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.', 'content' => '<p>May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3461', 'image' => '20160530112617_eve.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3626', 'article_category_id' => '1', 'title' => 'High Economic Growth in Upcoming Decade', 'sub_title' => '', 'summary' => 'May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” says Bishnu Poudel, Finance Minister. ', 'content' => '<p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” said Bishnu Poudel, Finance Minister. He added “We have brought budget in a bid to achieve high economic growth and prosperity.” Apparently, economic growth of Nepal has rested at 0.77 percent in the current FY.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">In a press conference, organised at Finance Ministry on Sunday, he said that sufficient budget has been allocated in capital formation program. He opined that the budget has been brought on the foundation of financial discipline in order to promote the nation to medium level income generating nation by 2030. He claimed that the budget has allocated 50.4 percent of total budget including capital grant and investment in productive and capital formation projects.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Similarly, the government has allocated Rs 300.95 billion for capital expenditure of upcoming FY. “Unproductive expenditure has been reduced. The budget has kept high expectation. If we select prosperity then high expectation should be kept,” he added. He said that the budget has brought programs which will support in construction of prosperous Nepal. He stated “The budget is trying to decentralise authority and sources of Singha Durbar to rural villages. That’s why we have doubled the budget for village development.”</span></span></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3460', 'image' => null, 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3624', 'article_category_id' => '1', 'title' => 'NLG Felicities Outstanding Staff', 'sub_title' => '', 'summary' => 'May 29: NLG Insurance Company has felicitated outstanding staffs on the occasion of the company’s 12th anniversary. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. ', 'content' => '<p style="text-align:justify">May 29: NLG Insurance Company has felicitated its outstanding staffs on the occasion of <span style="line-height:20.8px">12th anniversary of </span><span style="line-height:1.6">the company. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. </span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3458', 'image' => '20160529034237_nlg.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3623', 'article_category_id' => '1', 'title' => 'Toyota’s Rs 1 Car Repair Offer', 'sub_title' => '', 'summary' => 'May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.', 'content' => '<p style="text-align: justify;">May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.</p> <p style="text-align: justify;">Under the offer, the customer of New Toyota Etios family car can repair their car for three years in the well facilitated service center of the company with Rs 1 expense, states the company in a press release. The offer will be applied for the customer buying cars till June 31.</p> <p style="text-align: justify;">However, the company informs that the offer does not cover expenses of body repair, battery and tyre change and damages cause by accident.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3457', 'image' => '20160529025709_toyora.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3622', 'article_category_id' => '1', 'title' => 'Smart Telecom Expanding Services', 'sub_title' => '', 'summary' => 'May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company.', 'content' => '<p style="text-align: justify;">May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company. He added “We will expand our service by adding more towers within some weeks.” Currently, Smart is providing services in nearly 34 districts.</p> <p style="text-align: justify;">The company which started its services in June 2008 after getting rural telecommunication license from Nepal Telecommunication Authority received integrated telecommunication license in April 2013.</p> <p style="text-align: justify;">Currently, the company is providing services to around 1.4 million customers.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3456', 'image' => '20160529024834_smart.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3621', 'article_category_id' => '1', 'title' => 'Budget Prioritises Construction of International Airports', 'sub_title' => '', 'summary' => 'May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .', 'content' => '<p style="text-align:justify">May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .</p> <p style="text-align:justify">The government has allocated Rs 7.22 billion budget for construction of Gautam Buddha International Airport .Similarly, Rs 5 billion has been allocated for Pokhara International Airport with an aim to complete within next 4 years. The airport that has been constructed with the target to operate in 4 years will have Rs 21 billion investment from China. Likewise, the government has allocated Rs 1.50 billion for acquisition and demarcation of the land for Nijgadh International Airport.</p> <p style="text-align:justify"> The budget also include program of starting operation of domestic airport that was in operation in past but has been closed currently. Similarly, capacity expansion of regional airport of Biratnagar, Dang and Dhangadhi will be carried out. Likewise, some closed internal airports will be operated after maintenance. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3455', 'image' => '20160529022543_Goutam-Buddha-Airport1.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3620', 'article_category_id' => '1', 'title' => 'Project Bond for Infrastructure Development', 'sub_title' => '', 'summary' => 'May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. ', 'content' => '<p style="text-align:justify">May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. The government is likely to involve Insurance Companies, Citizen Investment Trust, Employee Provident Fund, and Deposit and Credit Guarantee Corporation in such project bond. Securities Board of Nepal (SEBON) has also planned of formulating a mechanism to utilize excess money accumulated in insurance companies by establishing mutual investment fund. SEBON is preparing to amend mutual fund bylaws in order to formulate the mechanism.</p> <p style="text-align:justify">Similarly, in the budget, the government has reiterated ‘Bank account for all Nepali’ program announced earlier. For this, the government is planning to distribute social security allowance through bank accounts. Similarly, it has directed Nepal Rastra Bank (NRB) to formulate necessary mechanism in order to open bank account in zero balance. Cash handovers made by the governments including insurance will also be distributed through the bank accounts.</p> <p style="text-align:justify">The budget also includes topic of establishing Infrastructure Bank that has been repeating over the years. The bank will be established under government and private sector’s partnership. Similarly, the budget also includes programs of mobile banking and branchless banking for expansion of financial services in the rural areas. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3454', 'image' => '20160529013715_bond.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3619', 'article_category_id' => '1', 'title' => 'Gulf Lubricant Retail Meet Concluded', 'sub_title' => '', 'summary' => 'May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu.', 'content' => '<p style="text-align: justify;">May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu. In the program, information about Gulf lubricant and its products were given to the attendants. Similarly, information about various schemes brought by the company on different products was also provided. Moreover, Rituk Salav, the marketing head of Nepal Lube Oil and Madhusudan Sigdel, Managing Director of Ave Trading answered the queries of the participants.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3453', 'image' => '20160529124832_gulf.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3618', 'article_category_id' => '1', 'title' => '15% Income Tax Concession for Public Limited Companies', 'sub_title' => '', 'summary' => 'May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company.', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company. Even though it was not announced in the budget speech, the economical bill publicised on Saturday has clearly stated that manufacturing, tourism services, hydropower production, distribution and transmission bodies listed in securities market will be given 15 percent income tax concession. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Earlier, these organisations were given 10 percent income tax concession. The percentage of income tax concession has been increased as the concession provided before could not attract the real sector into the share market. Few weeks ago, in a program, Rajan Khanal, Revenue Secretary of Finance Ministry had pointed out on possibility of increase in tax concession in the first phase to attract the companies in the share market. Khanal informed that even if the target is not achieved then in the second phase, it will be made mandatory for some sectors. He had also informed that additionally, Finance Ministry has thought of giving tax subsidy for two years. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Khanal had publicised that if companies do not enter share market after receiving tax concession or subsidy, then mandatory provision of issuing shares will be made for companies established under public/private agreement (PPA) model. Meanwhile, the budget has mentioned of presenting commodity market bill in Legislature-Parliament in coming FY. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3452', 'image' => '20160529122957_taxconcessionchanges.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3617', 'article_category_id' => '1', 'title' => 'Samsung Galaxy J5 and J7 Launched in Nepal', 'sub_title' => '', 'summary' => 'May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.', 'content' => '<p style="text-align: justify;">May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.</p> <p style="text-align: justify;">The new Samsung smartphones come with the innovative Ultra Data Saving (UDS) mode. “Developed in Samsung’s R and D centres in Asia, the UDS feature allows users to save up to 50 percent mobile data through compression technology and by restricting background data consumption from applications,” informs the company in a press statement.</p> <p style="text-align: justify;">According to the company, it has also launched an industry first S Bike Mode with J7 and J5. “With this feature, consumers can have tension free ride as urgent call alert system notifies callers that a person is riding and unavailable to take calls,” reads the statement, mentioning, “Callers can however have option to press one in case the call is urgent.” But, the rider has to come to a halt before they can answer the call.</p> <p style="text-align: justify;">Galaxy J5 is powered by Qualcomm Snapdragon 1.2 quad-core processor while Galaxy J& 2016 has an upgraded Exynos 1.6 GHz octa-core processor. Both the devices have 2 GB RAM and 16 GB ROM with an option to expand memory up to 128 GB with micro-SD card.</p> <p style="text-align: justify;">Running on Android 6.0 Marshmallow, Galaxy J5 and J7 house outstanding battery capacity of 3100 mAh and 3300 mAh. “With Ultra Power Saving consumers have to never run out of the battery,” states the statement. J7 comes with 5.5 inch screen with Super AMOLED display while J5 has 5.2 inch screen with Super AMOLED screen.</p> <p style="text-align: justify;">Galaxy J5 and J7 come with impressive 13 Mp rear camera and 5 MP front camera. Both smart phones will be available in three color variants- gold, black and white. The Samsung Galaxy J5 and J7 are priced Rs 24,490 and Rs 27,990 respectively.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3451', 'image' => '20160529120327_sam.JPG', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3633', 'article_category_id' => '1', 'title' => 'PPA of Trisuli-Galchi Project', 'sub_title' => '', 'summary' => 'May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment.', 'content' => '<p style="text-align: justify;">May 30: An agreement has been concluded between Sidhakali Power Limited and Api Power Company Limited regarding the construction of Trisuli-Galchi Hydropower project through share investment. As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3631', 'article_category_id' => '1', 'title' => 'Conference on Sustainable Agricultural Growth in Nepal Begins', 'sub_title' => '', 'summary' => 'May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday. The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).', 'content' => '<p style="text-align: justify;">May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday.</p> <p style="text-align: justify;">The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).</p> <p style="text-align: justify;">Minister for Agricultural Development Haribol Gajurel, addressing the inaugural session of the conference said that investment of donor agencies do not meet the actual need of the agriculture sector of the country. On the occasion, General Director of IFPRI Shenggen Fan said that additional possibilities should be created for women and youth in agricultural sector. He said that the “3A” (Africa, Agriculture, and Adaptation) is being used for the development of agricultural sector and Asia now is in Africa’s position. At the conference it was informed that immediately after the earthquake, 80 percent of the most food insecure households lost their entire food stock and 55 percent of households overall lost at least half their food stock.</p> <p style="text-align: justify;"> Bishwambher Pyakuryal, Chairman of NEA said “ the nature of food consumption is changing in Nepal. I doubt that the government would implement experts’ suggestion on uplifting the agricultural sector of the country.”</p> <p style="text-align: justify;">According to the organisers, the objective of the conference is to find solution of the challenges such as low productivity , high instability, immediate effect of climate change, sufficient infrastructure and shortage of investment through discussing for upcoming days. More than 100 representatives of agricultural investigators, donor agencies and private sector from Nepal, India, United States and various other countries are participating in the two days conference.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3465', 'image' => '20160530014159_agr.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3630', 'article_category_id' => '1', 'title' => 'Nepal Self-reliant on Poultry Products: Poultry Entrepreneurs', 'sub_title' => '', 'summary' => 'May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.', 'content' => '<p style="text-align: justify;">May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.</p> <p style="text-align: justify;">During the program, NFIA officials stress on the need of further development of the domestic poultry industry as it could make a positive contribution towards the country’s economy, public health and employment generation. Speakers informed about the benefits of consuming broiler chicken meat in the program.</p> <p style="text-align: justify;">In addition, NFIA informed about the promotional material ‘<em>Kukhura Khaon, Anda Khaon</em>’ and ‘<em>Sabaile Khaon, Sadhai Khaon’ </em>that it has planned to advertise.</p> <p style="text-align: justify;">According to the association’s data, around 500,000 people are directly or indirectly engaged in the poultry business. Currently, there are over 95 grain industries in Nepal out of which 22 produce pellet grains while other seven are preparing to start production. According to Narayan Hari Khatri, Chairman of NFIA, all industries are averagely producing 1,800 tons of grains daily. He informed that the domestic poultry business produces products worth Rs 75 billion annually. The industry’s investment totals Rs 65 billion and contributes 3.5 percent of the country’s GDP.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3464', 'image' => '20160530010446_poul.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3629', 'article_category_id' => '1', 'title' => 'Free Service Camp of CG AC', 'sub_title' => '', 'summary' => 'May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement.', 'content' => '<p style="text-align: justify;">May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement. According to the company, customers will not only get the free servicing under the scheme but also get special discounts on the purchase of spare parts. “Customers can call at 813975980 to get information about the service which will be effective in Kathmandu valley only,” reads the statement.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3463', 'image' => '20160530010217_cg.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3628', 'article_category_id' => '1', 'title' => 'National Hydropower to Conduct AGM on Mid-July', 'sub_title' => '', 'summary' => 'May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits.', 'content' => '<p style="text-align: justify;">May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits. The press release also informs that the restraining order submitted by Deepak Karki and Yogendra Rai to postpone the special general meeting has been cancelled by the court. </p> <p style="text-align: justify;">“With the end of all legal hurdles, there are no problems in share transactions and all shares have been D-matted,” says Bishshewor Subedi, Director of the company. The company has mentioned that outstanding payment will be made in instalment to internal revenue and Sunkoshi project that's license has been cancelled by Commission for the Investigation of Abuse of Authority (CIAA) will be revised. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3462', 'image' => '20160530122835_nat.JPG', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3627', 'article_category_id' => '1', 'title' => 'Everest Bank Opens Branch in Lamahi', 'sub_title' => '', 'summary' => ' May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.', 'content' => '<p>May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3461', 'image' => '20160530112617_eve.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3626', 'article_category_id' => '1', 'title' => 'High Economic Growth in Upcoming Decade', 'sub_title' => '', 'summary' => 'May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” says Bishnu Poudel, Finance Minister. ', 'content' => '<p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” said Bishnu Poudel, Finance Minister. He added “We have brought budget in a bid to achieve high economic growth and prosperity.” Apparently, economic growth of Nepal has rested at 0.77 percent in the current FY.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">In a press conference, organised at Finance Ministry on Sunday, he said that sufficient budget has been allocated in capital formation program. He opined that the budget has been brought on the foundation of financial discipline in order to promote the nation to medium level income generating nation by 2030. He claimed that the budget has allocated 50.4 percent of total budget including capital grant and investment in productive and capital formation projects.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Similarly, the government has allocated Rs 300.95 billion for capital expenditure of upcoming FY. “Unproductive expenditure has been reduced. The budget has kept high expectation. If we select prosperity then high expectation should be kept,” he added. He said that the budget has brought programs which will support in construction of prosperous Nepal. He stated “The budget is trying to decentralise authority and sources of Singha Durbar to rural villages. That’s why we have doubled the budget for village development.”</span></span></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3460', 'image' => null, 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3624', 'article_category_id' => '1', 'title' => 'NLG Felicities Outstanding Staff', 'sub_title' => '', 'summary' => 'May 29: NLG Insurance Company has felicitated outstanding staffs on the occasion of the company’s 12th anniversary. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. ', 'content' => '<p style="text-align:justify">May 29: NLG Insurance Company has felicitated its outstanding staffs on the occasion of <span style="line-height:20.8px">12th anniversary of </span><span style="line-height:1.6">the company. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. </span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3458', 'image' => '20160529034237_nlg.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3623', 'article_category_id' => '1', 'title' => 'Toyota’s Rs 1 Car Repair Offer', 'sub_title' => '', 'summary' => 'May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.', 'content' => '<p style="text-align: justify;">May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.</p> <p style="text-align: justify;">Under the offer, the customer of New Toyota Etios family car can repair their car for three years in the well facilitated service center of the company with Rs 1 expense, states the company in a press release. The offer will be applied for the customer buying cars till June 31.</p> <p style="text-align: justify;">However, the company informs that the offer does not cover expenses of body repair, battery and tyre change and damages cause by accident.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3457', 'image' => '20160529025709_toyora.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3622', 'article_category_id' => '1', 'title' => 'Smart Telecom Expanding Services', 'sub_title' => '', 'summary' => 'May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company.', 'content' => '<p style="text-align: justify;">May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company. He added “We will expand our service by adding more towers within some weeks.” Currently, Smart is providing services in nearly 34 districts.</p> <p style="text-align: justify;">The company which started its services in June 2008 after getting rural telecommunication license from Nepal Telecommunication Authority received integrated telecommunication license in April 2013.</p> <p style="text-align: justify;">Currently, the company is providing services to around 1.4 million customers.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3456', 'image' => '20160529024834_smart.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3621', 'article_category_id' => '1', 'title' => 'Budget Prioritises Construction of International Airports', 'sub_title' => '', 'summary' => 'May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .', 'content' => '<p style="text-align:justify">May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .</p> <p style="text-align:justify">The government has allocated Rs 7.22 billion budget for construction of Gautam Buddha International Airport .Similarly, Rs 5 billion has been allocated for Pokhara International Airport with an aim to complete within next 4 years. The airport that has been constructed with the target to operate in 4 years will have Rs 21 billion investment from China. Likewise, the government has allocated Rs 1.50 billion for acquisition and demarcation of the land for Nijgadh International Airport.</p> <p style="text-align:justify"> The budget also include program of starting operation of domestic airport that was in operation in past but has been closed currently. Similarly, capacity expansion of regional airport of Biratnagar, Dang and Dhangadhi will be carried out. Likewise, some closed internal airports will be operated after maintenance. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3455', 'image' => '20160529022543_Goutam-Buddha-Airport1.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3620', 'article_category_id' => '1', 'title' => 'Project Bond for Infrastructure Development', 'sub_title' => '', 'summary' => 'May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. ', 'content' => '<p style="text-align:justify">May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. The government is likely to involve Insurance Companies, Citizen Investment Trust, Employee Provident Fund, and Deposit and Credit Guarantee Corporation in such project bond. Securities Board of Nepal (SEBON) has also planned of formulating a mechanism to utilize excess money accumulated in insurance companies by establishing mutual investment fund. SEBON is preparing to amend mutual fund bylaws in order to formulate the mechanism.</p> <p style="text-align:justify">Similarly, in the budget, the government has reiterated ‘Bank account for all Nepali’ program announced earlier. For this, the government is planning to distribute social security allowance through bank accounts. Similarly, it has directed Nepal Rastra Bank (NRB) to formulate necessary mechanism in order to open bank account in zero balance. Cash handovers made by the governments including insurance will also be distributed through the bank accounts.</p> <p style="text-align:justify">The budget also includes topic of establishing Infrastructure Bank that has been repeating over the years. The bank will be established under government and private sector’s partnership. Similarly, the budget also includes programs of mobile banking and branchless banking for expansion of financial services in the rural areas. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3454', 'image' => '20160529013715_bond.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3619', 'article_category_id' => '1', 'title' => 'Gulf Lubricant Retail Meet Concluded', 'sub_title' => '', 'summary' => 'May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu.', 'content' => '<p style="text-align: justify;">May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu. In the program, information about Gulf lubricant and its products were given to the attendants. Similarly, information about various schemes brought by the company on different products was also provided. Moreover, Rituk Salav, the marketing head of Nepal Lube Oil and Madhusudan Sigdel, Managing Director of Ave Trading answered the queries of the participants.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3453', 'image' => '20160529124832_gulf.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3618', 'article_category_id' => '1', 'title' => '15% Income Tax Concession for Public Limited Companies', 'sub_title' => '', 'summary' => 'May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company.', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company. Even though it was not announced in the budget speech, the economical bill publicised on Saturday has clearly stated that manufacturing, tourism services, hydropower production, distribution and transmission bodies listed in securities market will be given 15 percent income tax concession. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Earlier, these organisations were given 10 percent income tax concession. The percentage of income tax concession has been increased as the concession provided before could not attract the real sector into the share market. Few weeks ago, in a program, Rajan Khanal, Revenue Secretary of Finance Ministry had pointed out on possibility of increase in tax concession in the first phase to attract the companies in the share market. Khanal informed that even if the target is not achieved then in the second phase, it will be made mandatory for some sectors. He had also informed that additionally, Finance Ministry has thought of giving tax subsidy for two years. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Khanal had publicised that if companies do not enter share market after receiving tax concession or subsidy, then mandatory provision of issuing shares will be made for companies established under public/private agreement (PPA) model. Meanwhile, the budget has mentioned of presenting commodity market bill in Legislature-Parliament in coming FY. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3452', 'image' => '20160529122957_taxconcessionchanges.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3617', 'article_category_id' => '1', 'title' => 'Samsung Galaxy J5 and J7 Launched in Nepal', 'sub_title' => '', 'summary' => 'May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.', 'content' => '<p style="text-align: justify;">May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.</p> <p style="text-align: justify;">The new Samsung smartphones come with the innovative Ultra Data Saving (UDS) mode. “Developed in Samsung’s R and D centres in Asia, the UDS feature allows users to save up to 50 percent mobile data through compression technology and by restricting background data consumption from applications,” informs the company in a press statement.</p> <p style="text-align: justify;">According to the company, it has also launched an industry first S Bike Mode with J7 and J5. “With this feature, consumers can have tension free ride as urgent call alert system notifies callers that a person is riding and unavailable to take calls,” reads the statement, mentioning, “Callers can however have option to press one in case the call is urgent.” But, the rider has to come to a halt before they can answer the call.</p> <p style="text-align: justify;">Galaxy J5 is powered by Qualcomm Snapdragon 1.2 quad-core processor while Galaxy J& 2016 has an upgraded Exynos 1.6 GHz octa-core processor. Both the devices have 2 GB RAM and 16 GB ROM with an option to expand memory up to 128 GB with micro-SD card.</p> <p style="text-align: justify;">Running on Android 6.0 Marshmallow, Galaxy J5 and J7 house outstanding battery capacity of 3100 mAh and 3300 mAh. “With Ultra Power Saving consumers have to never run out of the battery,” states the statement. J7 comes with 5.5 inch screen with Super AMOLED display while J5 has 5.2 inch screen with Super AMOLED screen.</p> <p style="text-align: justify;">Galaxy J5 and J7 come with impressive 13 Mp rear camera and 5 MP front camera. Both smart phones will be available in three color variants- gold, black and white. The Samsung Galaxy J5 and J7 are priced Rs 24,490 and Rs 27,990 respectively.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3451', 'image' => '20160529120327_sam.JPG', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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As per the agreement, 80 percent of the total investment will be made by Api Power Company. The total cost of 75MW project is expected to be Rs 14.40 billion in which shareholders will invest Rs 4.32 billon. Meanwhile, Power Purchasing Agreement (PPA) of the project is being concluded. The company informs that it will distribute at least 10 percent dividend from the current FY. Api Power said that the fund raised from right shares issuance will be utilize in the construction of Trisuli-Galchi Hydroproject in Nuwakot. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3467', 'image' => '20160530030115_ppa.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3631', 'article_category_id' => '1', 'title' => 'Conference on Sustainable Agricultural Growth in Nepal Begins', 'sub_title' => '', 'summary' => 'May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday. The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).', 'content' => '<p style="text-align: justify;">May 30: A two day international conference on “Sustainable Agricultural Growth in Nepal: Challenges, Opportunities and Options” has started in Kathmandu on Sunday.</p> <p style="text-align: justify;">The conference is jointly organised by International Food Policy Research Institute (IFPRI), Institute for Integrated Development Studies (IIDS) and Nepal Economic Association (NEA).</p> <p style="text-align: justify;">Minister for Agricultural Development Haribol Gajurel, addressing the inaugural session of the conference said that investment of donor agencies do not meet the actual need of the agriculture sector of the country. On the occasion, General Director of IFPRI Shenggen Fan said that additional possibilities should be created for women and youth in agricultural sector. He said that the “3A” (Africa, Agriculture, and Adaptation) is being used for the development of agricultural sector and Asia now is in Africa’s position. At the conference it was informed that immediately after the earthquake, 80 percent of the most food insecure households lost their entire food stock and 55 percent of households overall lost at least half their food stock.</p> <p style="text-align: justify;"> Bishwambher Pyakuryal, Chairman of NEA said “ the nature of food consumption is changing in Nepal. I doubt that the government would implement experts’ suggestion on uplifting the agricultural sector of the country.”</p> <p style="text-align: justify;">According to the organisers, the objective of the conference is to find solution of the challenges such as low productivity , high instability, immediate effect of climate change, sufficient infrastructure and shortage of investment through discussing for upcoming days. More than 100 representatives of agricultural investigators, donor agencies and private sector from Nepal, India, United States and various other countries are participating in the two days conference.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3465', 'image' => '20160530014159_agr.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3630', 'article_category_id' => '1', 'title' => 'Nepal Self-reliant on Poultry Products: Poultry Entrepreneurs', 'sub_title' => '', 'summary' => 'May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.', 'content' => '<p style="text-align: justify;">May 30: Nepal Feed Industries Association (NFIA) and the Department of Livestock Service under the Ministry of Livestock Development have jointly organised an awareness program entitled ‘The Benefits of Eating Chicken and Eggs Regularly’ in Kathmandu.</p> <p style="text-align: justify;">During the program, NFIA officials stress on the need of further development of the domestic poultry industry as it could make a positive contribution towards the country’s economy, public health and employment generation. Speakers informed about the benefits of consuming broiler chicken meat in the program.</p> <p style="text-align: justify;">In addition, NFIA informed about the promotional material ‘<em>Kukhura Khaon, Anda Khaon</em>’ and ‘<em>Sabaile Khaon, Sadhai Khaon’ </em>that it has planned to advertise.</p> <p style="text-align: justify;">According to the association’s data, around 500,000 people are directly or indirectly engaged in the poultry business. Currently, there are over 95 grain industries in Nepal out of which 22 produce pellet grains while other seven are preparing to start production. According to Narayan Hari Khatri, Chairman of NFIA, all industries are averagely producing 1,800 tons of grains daily. He informed that the domestic poultry business produces products worth Rs 75 billion annually. The industry’s investment totals Rs 65 billion and contributes 3.5 percent of the country’s GDP.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3464', 'image' => '20160530010446_poul.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3629', 'article_category_id' => '1', 'title' => 'Free Service Camp of CG AC', 'sub_title' => '', 'summary' => 'May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement.', 'content' => '<p style="text-align: justify;">May 30: CG Electronics of Chaudhary Group is going to provide free servicing to the AC’s of LG, CG and TCL brands.“The company has brought the ‘Free Service Camp-2016’ scheme for the program,” informs the company in a statement. According to the company, customers will not only get the free servicing under the scheme but also get special discounts on the purchase of spare parts. “Customers can call at 813975980 to get information about the service which will be effective in Kathmandu valley only,” reads the statement.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3463', 'image' => '20160530010217_cg.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3628', 'article_category_id' => '1', 'title' => 'National Hydropower to Conduct AGM on Mid-July', 'sub_title' => '', 'summary' => 'May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits.', 'content' => '<p style="text-align: justify;">May 30: National Hydropower, is conducting annual general meeting within the end of the current fiscal year. According to the press release issued by the company, the company now can conduct AGM after the decision of Appellate Court on May 23 that has ended all the other lawsuits. The press release also informs that the restraining order submitted by Deepak Karki and Yogendra Rai to postpone the special general meeting has been cancelled by the court. </p> <p style="text-align: justify;">“With the end of all legal hurdles, there are no problems in share transactions and all shares have been D-matted,” says Bishshewor Subedi, Director of the company. The company has mentioned that outstanding payment will be made in instalment to internal revenue and Sunkoshi project that's license has been cancelled by Commission for the Investigation of Abuse of Authority (CIAA) will be revised. </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3462', 'image' => '20160530122835_nat.JPG', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3627', 'article_category_id' => '1', 'title' => 'Everest Bank Opens Branch in Lamahi', 'sub_title' => '', 'summary' => ' May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.', 'content' => '<p>May 30: Everest Bank has opened a branch in Lamahi, Dang. AK Ahluwalia, Chief Executive Officer of Everest Bank and Deepak Kafle, Chief District Officer of Dang inaugurated the branch on May 29. Currently, the bank is providing services from 61 branches, 5 extension counter, 24 revenue collection counter and 85 ATMs.</p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3461', 'image' => '20160530112617_eve.jpg', 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3626', 'article_category_id' => '1', 'title' => 'High Economic Growth in Upcoming Decade', 'sub_title' => '', 'summary' => 'May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” says Bishnu Poudel, Finance Minister. ', 'content' => '<p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">May 30: Government is planning to celebrate upcoming decade as decade of high economic growth. “The budget is required to be large as the high economic growth of coming FY 2073/74 is the entry point for the upcoming decade of high economic growth after construction of constitution,” said Bishnu Poudel, Finance Minister. He added “We have brought budget in a bid to achieve high economic growth and prosperity.” Apparently, economic growth of Nepal has rested at 0.77 percent in the current FY.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">In a press conference, organised at Finance Ministry on Sunday, he said that sufficient budget has been allocated in capital formation program. He opined that the budget has been brought on the foundation of financial discipline in order to promote the nation to medium level income generating nation by 2030. He claimed that the budget has allocated 50.4 percent of total budget including capital grant and investment in productive and capital formation projects.</span></span></p> <p style="text-align:justify"><span style="font-size:16px"><span style="font-family:times new roman,times,serif">Similarly, the government has allocated Rs 300.95 billion for capital expenditure of upcoming FY. “Unproductive expenditure has been reduced. The budget has kept high expectation. If we select prosperity then high expectation should be kept,” he added. He said that the budget has brought programs which will support in construction of prosperous Nepal. He stated “The budget is trying to decentralise authority and sources of Singha Durbar to rural villages. That’s why we have doubled the budget for village development.”</span></span></p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-05-30', 'modified' => '2016-05-30', 'keywords' => '', 'description' => '', 'sortorder' => '3460', 'image' => null, 'article_date' => '2016-05-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3624', 'article_category_id' => '1', 'title' => 'NLG Felicities Outstanding Staff', 'sub_title' => '', 'summary' => 'May 29: NLG Insurance Company has felicitated outstanding staffs on the occasion of the company’s 12th anniversary. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. ', 'content' => '<p style="text-align:justify">May 29: NLG Insurance Company has felicitated its outstanding staffs on the occasion of <span style="line-height:20.8px">12th anniversary of </span><span style="line-height:1.6">the company. The chairman of the company, Kush Prasad Malli and CEO Bijaye Bahadur Shah awarded Khadga Bahadur Shrestha, Laxmi Bahadur Maharjan and Sabina Joshi with Rs 25, 001 each and appreciation letter. </span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3458', 'image' => '20160529034237_nlg.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3623', 'article_category_id' => '1', 'title' => 'Toyota’s Rs 1 Car Repair Offer', 'sub_title' => '', 'summary' => 'May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.', 'content' => '<p style="text-align: justify;">May 29: Toyota Motors has come up with ‘Toyota Etios Family Protection on Rs 1’ offer. The authorized distributor of Toyota for Nepal, United Traders Syndicate is providing the offer targeting the customers of New Etios Liva, New Etios Sedan and Etios Cross.</p> <p style="text-align: justify;">Under the offer, the customer of New Toyota Etios family car can repair their car for three years in the well facilitated service center of the company with Rs 1 expense, states the company in a press release. The offer will be applied for the customer buying cars till June 31.</p> <p style="text-align: justify;">However, the company informs that the offer does not cover expenses of body repair, battery and tyre change and damages cause by accident.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3457', 'image' => '20160529025709_toyora.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3622', 'article_category_id' => '1', 'title' => 'Smart Telecom Expanding Services', 'sub_title' => '', 'summary' => 'May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company.', 'content' => '<p style="text-align: justify;">May 29: Smart Telecom is expanding its service area. “Within few weeks, the company will expand its service to Kathmandu, Pokhara, Nepalgunj, Birgunj and Chitwan,” informed Pawan Shakya, communication head of the company. He added “We will expand our service by adding more towers within some weeks.” Currently, Smart is providing services in nearly 34 districts.</p> <p style="text-align: justify;">The company which started its services in June 2008 after getting rural telecommunication license from Nepal Telecommunication Authority received integrated telecommunication license in April 2013.</p> <p style="text-align: justify;">Currently, the company is providing services to around 1.4 million customers.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3456', 'image' => '20160529024834_smart.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3621', 'article_category_id' => '1', 'title' => 'Budget Prioritises Construction of International Airports', 'sub_title' => '', 'summary' => 'May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .', 'content' => '<p style="text-align:justify">May 29: The budget for fiscal year 2073/74 has given top priority to construction of international airport in the tourism sector. The budget presented by Finance Minister Bishnu Poudel on Saturday has committed to forward Gautam Buddha International Airport at Bhairahawa, Pokhara Regional International Airport and Nijgadh International Airport with priorities .</p> <p style="text-align:justify">The government has allocated Rs 7.22 billion budget for construction of Gautam Buddha International Airport .Similarly, Rs 5 billion has been allocated for Pokhara International Airport with an aim to complete within next 4 years. The airport that has been constructed with the target to operate in 4 years will have Rs 21 billion investment from China. Likewise, the government has allocated Rs 1.50 billion for acquisition and demarcation of the land for Nijgadh International Airport.</p> <p style="text-align:justify"> The budget also include program of starting operation of domestic airport that was in operation in past but has been closed currently. Similarly, capacity expansion of regional airport of Biratnagar, Dang and Dhangadhi will be carried out. Likewise, some closed internal airports will be operated after maintenance. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3455', 'image' => '20160529022543_Goutam-Buddha-Airport1.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3620', 'article_category_id' => '1', 'title' => 'Project Bond for Infrastructure Development', 'sub_title' => '', 'summary' => 'May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. ', 'content' => '<p style="text-align:justify">May 29: Government has publicised of bringing project bond in a bid to accumulate investment for infrastructure. Project bond an alternative source of financing infrastructure projects practiced internationally is a new concept for Nepal. The government is likely to involve Insurance Companies, Citizen Investment Trust, Employee Provident Fund, and Deposit and Credit Guarantee Corporation in such project bond. Securities Board of Nepal (SEBON) has also planned of formulating a mechanism to utilize excess money accumulated in insurance companies by establishing mutual investment fund. SEBON is preparing to amend mutual fund bylaws in order to formulate the mechanism.</p> <p style="text-align:justify">Similarly, in the budget, the government has reiterated ‘Bank account for all Nepali’ program announced earlier. For this, the government is planning to distribute social security allowance through bank accounts. Similarly, it has directed Nepal Rastra Bank (NRB) to formulate necessary mechanism in order to open bank account in zero balance. Cash handovers made by the governments including insurance will also be distributed through the bank accounts.</p> <p style="text-align:justify">The budget also includes topic of establishing Infrastructure Bank that has been repeating over the years. The bank will be established under government and private sector’s partnership. Similarly, the budget also includes programs of mobile banking and branchless banking for expansion of financial services in the rural areas. </p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3454', 'image' => '20160529013715_bond.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3619', 'article_category_id' => '1', 'title' => 'Gulf Lubricant Retail Meet Concluded', 'sub_title' => '', 'summary' => 'May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu.', 'content' => '<p style="text-align: justify;">May 29: The ‘Retailer Meet’ of Gulf Lubricants has been completed. The meet was organized by Nepal Lube Oil Limited, the producer of Gulf lubricants and Ave Trading Private Limited, an authorized distributor of Gulf lubricants in Kathmandu. In the program, information about Gulf lubricant and its products were given to the attendants. Similarly, information about various schemes brought by the company on different products was also provided. Moreover, Rituk Salav, the marketing head of Nepal Lube Oil and Madhusudan Sigdel, Managing Director of Ave Trading answered the queries of the participants.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3453', 'image' => '20160529124832_gulf.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3618', 'article_category_id' => '1', 'title' => '15% Income Tax Concession for Public Limited Companies', 'sub_title' => '', 'summary' => 'May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company.', 'content' => '<p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">May 29: The government, in the budget, has announced of giving 15 percent income tax concession for industries established as public limited company. Even though it was not announced in the budget speech, the economical bill publicised on Saturday has clearly stated that manufacturing, tourism services, hydropower production, distribution and transmission bodies listed in securities market will be given 15 percent income tax concession. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Earlier, these organisations were given 10 percent income tax concession. The percentage of income tax concession has been increased as the concession provided before could not attract the real sector into the share market. Few weeks ago, in a program, Rajan Khanal, Revenue Secretary of Finance Ministry had pointed out on possibility of increase in tax concession in the first phase to attract the companies in the share market. Khanal informed that even if the target is not achieved then in the second phase, it will be made mandatory for some sectors. He had also informed that additionally, Finance Ministry has thought of giving tax subsidy for two years. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt">Khanal had publicised that if companies do not enter share market after receiving tax concession or subsidy, then mandatory provision of issuing shares will be made for companies established under public/private agreement (PPA) model. Meanwhile, the budget has mentioned of presenting commodity market bill in Legislature-Parliament in coming FY. </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> <p style="text-align: justify;"><span style="font-family:arial,helvetica,sans-serif"><span style="font-size:13pt"> </span></span></p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3452', 'image' => '20160529122957_taxconcessionchanges.jpg', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3617', 'article_category_id' => '1', 'title' => 'Samsung Galaxy J5 and J7 Launched in Nepal', 'sub_title' => '', 'summary' => 'May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.', 'content' => '<p style="text-align: justify;">May 29: Him Electronics, an authorized distributor of Samsung Electronics, has launched Samsung Galaxy J7 and J5 in its J series of smartphones on May 24.</p> <p style="text-align: justify;">The new Samsung smartphones come with the innovative Ultra Data Saving (UDS) mode. “Developed in Samsung’s R and D centres in Asia, the UDS feature allows users to save up to 50 percent mobile data through compression technology and by restricting background data consumption from applications,” informs the company in a press statement.</p> <p style="text-align: justify;">According to the company, it has also launched an industry first S Bike Mode with J7 and J5. “With this feature, consumers can have tension free ride as urgent call alert system notifies callers that a person is riding and unavailable to take calls,” reads the statement, mentioning, “Callers can however have option to press one in case the call is urgent.” But, the rider has to come to a halt before they can answer the call.</p> <p style="text-align: justify;">Galaxy J5 is powered by Qualcomm Snapdragon 1.2 quad-core processor while Galaxy J& 2016 has an upgraded Exynos 1.6 GHz octa-core processor. Both the devices have 2 GB RAM and 16 GB ROM with an option to expand memory up to 128 GB with micro-SD card.</p> <p style="text-align: justify;">Running on Android 6.0 Marshmallow, Galaxy J5 and J7 house outstanding battery capacity of 3100 mAh and 3300 mAh. “With Ultra Power Saving consumers have to never run out of the battery,” states the statement. J7 comes with 5.5 inch screen with Super AMOLED display while J5 has 5.2 inch screen with Super AMOLED screen.</p> <p style="text-align: justify;">Galaxy J5 and J7 come with impressive 13 Mp rear camera and 5 MP front camera. Both smart phones will be available in three color variants- gold, black and white. The Samsung Galaxy J5 and J7 are priced Rs 24,490 and Rs 27,990 respectively.</p> ', 'published' => true, 'created' => '2016-05-29', 'modified' => '2016-05-29', 'keywords' => '', 'description' => '', 'sortorder' => '3451', 'image' => '20160529120327_sam.JPG', 'article_date' => '2016-05-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
