Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '3580',
			'article_category_id' => '1',
			'title' => 'Govt Says no to Multiple VAT Rates',
			'sub_title' => '',
			'summary' => 'May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. “Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,” says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors’ demands and suggestions.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. &ldquo;Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,&rdquo; says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors&rsquo; demands and suggestions. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) says that government should address private sectors&rsquo; demand by implementing multiple rates system in VAT from upcoming FY. He says, &ldquo;Rate should be set as per the goods. All goods should not be rated equivalent. Our goods should be able to compete with foreign goods.&rdquo; Additionally, he advised to continue VAT refund policy in raw materials of Ghee, Plain Flour, Oil, Mobile and other industrial production. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Similarly, Confederation of Nepalese Industries (CNI) has demanded the government to reduce VAT rate to 10 percent from coming FY. Moreover, Hari Bhakta Sharma, President of CNI suggests government to continue VAT subsidies in mobile, edible oil, flour and educational items.&nbsp;&nbsp; He says, &ldquo;If government wants to provide facilities to industrialists and entrepreneurs, the government should provide VAT exemption in such essential goods. Furthermore, tax payer should be able to pay tax through one door system.&rdquo; &nbsp;He demands of Rs 5 million threshold in VAT for service sector. According to Value Added Tax Act 2054, industrialists and entrepreneurs having turnover of Rs 2 million for trading sector and of Rs 1 million for service sector are required to register in VAT. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Additionally, CNI demands of increasing tax limit for personal and couples&rsquo; income as per income tax Act 2058, as price inflation has heighten in recent time. The confederation has recommended limiting taxable income of Rs 400,000 for a person and Rs 600,000 for a couple. The government might show flexibility in this regard. According to Financial Act 2072, individual earning Rs 250,000 and couples earning Rs 300,000 annually from employment will be exempted from tax. Natural person and couples earning such income are required to pay one percent social security tax only.&nbsp; &ldquo;Tax payer who has paid capital gain tax, if failed to submit income statement then the capital gain tax should be documented as tax,&rdquo; he suggested.&nbsp;</span></p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3414',
			'image' => '20160520082600_vat.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'id' => '3579',
			'article_category_id' => '1',
			'title' => 'Century Bank Appoints Civil Capital as Issue Manager ',
			'sub_title' => '',
			'summary' => 'May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)’s recent directive, right shares are not required to go through ICRA rating, ',
			'content' => '<p>May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)&rsquo;s recent directive, right shares are not required to go through ICRA rating, therefore the bank is planning to submit memorandum for the issuance in SEBON shortly. The bank has informed in its press release that upon SEBON and regulatory body approval, right shares will be issued within mid-July.&nbsp;</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
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			'description' => '',
			'sortorder' => '3413',
			'image' => '20160520035043_Clipboard05.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'id' => '3578',
			'article_category_id' => '1',
			'title' => 'TVS Zest in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.',
			'content' => '<p>May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.</p>

<p>The company informs that Zest has got women-friendly design and precise finishing. The scooty comes with 110 CC engine capacity and Skid Steer Tubeless Tyres in both front and back. The market price of TVS Zest scooty is Rs 159,900.</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
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			'description' => '',
			'sortorder' => '3412',
			'image' => '20160520035000_Clipboard03.jpg',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
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			'id' => '3577',
			'article_category_id' => '1',
			'title' => 'Samsung Digital Plaza in Dhangadi',
			'sub_title' => '',
			'summary' => ' May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.  It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.',
			'content' => '<p style="text-align: justify;">May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.&nbsp; It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3411',
			'image' => '20160520011901_sam.jpg',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3576',
			'article_category_id' => '1',
			'title' => 'NBI Concludes Human Resource Workshop',
			'sub_title' => '',
			'summary' => '  May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.  In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.',
			'content' => '<p style="text-align:justify">May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.</p>

<p style="text-align:justify">In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3410',
			'image' => '20160520010331_nbi.JPG',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3575',
			'article_category_id' => '1',
			'title' => 'NEPSE Reached Yet Another Highest Point',
			'sub_title' => 'NEPSE Index Above 1,500 in Intraday Trading',
			'summary' => 'May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.',
			'content' => '<p style="text-align:justify">May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.</p>

<p style="text-align:justify">According to the sources, the present expansion of market could be attributed to CDS and Clearing Limited (CDSC). &ldquo;After many years of initiation, mandatory D-mat trading has started this year. Currently, investors do not need to wait for months for share trading and receive money. In third day of transaction, investors receive share and money,&rdquo; Narendra Raj Sijapati, former Chairman of Brokers&rsquo; Association says. While CDSC plays a dormant part in increase of NEPSE, it has direct support in growth of share trading.</p>

<p style="text-align:justify">&ldquo;Investors re- invest the money in the market as soon as they receive their money back after share trading. Therefore, CDSC not only helps in share trading but also helps to increase NEPSE index indirectly,&rdquo; says an analyst. As investors are being attuned towards the mechanism, trading in the share market is increasing.</p>

<p style="text-align:justify">Mandatory D-mat trading was started in last January selecting companies in instalments. Since last April 27, trading of physical share certificate has closed completely. Since then, size of the market has increased significantly. &nbsp;The trading amount which used to total Rs 500 million daily one year ago has increased to Rs 1 billion daily at present. This has contributed in growth of investors&rsquo; assets to Rs 1600billion.</p>

<p style="text-align:justify">Excess liquidity in the market has also contributed in increase of NEPSE index. &ldquo;Presently, investors are getting loans at 6.5 percent interest rate on share collateral. Those who did not issued such loans in past are expanding their investment in the market aggressively,&rdquo; says Sijapati.&nbsp; According to the Nepal Rastra Bank&rsquo;s nine months data, banks and financial institutions (BFIs) have invested more than Rs 35 billion loan in the review period of current FY.&nbsp; Although market had witnessed tight liquidity some time ago, investors are getting easy loan due to excess liquidity at the moment. &nbsp;As BFIs are in the process of paid-up capital increment and also there are rumours of paid-up capital increment of insurance and microfinance companies, market price of these companies are rising significantly.</p>

<p style="text-align:justify">Meanwhile, a tool of technical analysis, RSI indicator, shows market in Neutral zone (scale 68) and balanced share transactions. Whereas, AD ratio of overall transactions of Thursday shows bullish trend in the market.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/20160519071612_chart.jpeg" style="height:400px; width:600px" /></p>
',
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			'description' => '',
			'sortorder' => '3409',
			'image' => '20160520120438_20160512122349_nepse.JPG',
			'article_date' => '2016-05-20 00:00:00',
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			'id' => '3574',
			'article_category_id' => '1',
			'title' => 'Foreign Employment Information Now in Mobile Apps',
			'sub_title' => '',
			'summary' => 'May 19: A mobile app “Shubayatra” has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.  Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.',
			'content' => '<p style="text-align:justify">May 19: A mobile app &ldquo;Shubayatra&rdquo; has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.&nbsp; Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.</p>

<p style="text-align:justify">&nbsp;&lsquo;Subhayatra&rsquo; app has been created by NRNA with the coordination of The Asia Foundation and Young Innovation. The app provides various information to foreign job aspirants as well as labour already working aboard. The app includes information regarding culture of respective country, law and rights of employees, work permit, application process, Dos and Don&rsquo;ts while working in abroad and information items related to woman labours.</p>

<p style="text-align:justify">&nbsp;Currently, the app comprises information on the prime destinations of Nepali labours; Malaysia, Saudi Arab and Qatar. The app that can be easily downloaded in android phones also facilitates information through audio and video formats for illiterate labours. Similarly, the information can be seen offline also after downloading the information from the app.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3408',
			'image' => '20160519045353_for.jpg',
			'article_date' => '2016-05-19 00:00:00',
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			'id' => '3573',
			'article_category_id' => '1',
			'title' => 'Agreement between Sakchyam and NIBL',
			'sub_title' => '',
			'summary' => 'May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.  As per the agreement,  NIBL will operates extension counter in Nangma of  Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam.  ',
			'content' => '<p style="text-align:justify">May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.&nbsp; As per the agreement, &nbsp;NIBL will operates extension counter in Nangma of&nbsp; Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam. &nbsp;</p>

<p style="text-align:justify">It has been informed that NIBL is the first private sector commercial bank to provide financial services in Nagma of Kalikot. With the financial support of Sakchyam, various commercial banks are starting &nbsp;414 branchless banking units in 14 earthquake affected&nbsp; districts and mid and far western regions.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3407',
			'image' => '20160519041046_sak.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
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			'sortorder' => '3403',
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		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
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			'sortorder' => '3402',
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		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
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			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
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Code Context
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		'Article' => array(
			'id' => '3580',
			'article_category_id' => '1',
			'title' => 'Govt Says no to Multiple VAT Rates',
			'sub_title' => '',
			'summary' => 'May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. “Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,” says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors’ demands and suggestions.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. &ldquo;Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,&rdquo; says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors&rsquo; demands and suggestions. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) says that government should address private sectors&rsquo; demand by implementing multiple rates system in VAT from upcoming FY. He says, &ldquo;Rate should be set as per the goods. All goods should not be rated equivalent. Our goods should be able to compete with foreign goods.&rdquo; Additionally, he advised to continue VAT refund policy in raw materials of Ghee, Plain Flour, Oil, Mobile and other industrial production. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Similarly, Confederation of Nepalese Industries (CNI) has demanded the government to reduce VAT rate to 10 percent from coming FY. Moreover, Hari Bhakta Sharma, President of CNI suggests government to continue VAT subsidies in mobile, edible oil, flour and educational items.&nbsp;&nbsp; He says, &ldquo;If government wants to provide facilities to industrialists and entrepreneurs, the government should provide VAT exemption in such essential goods. Furthermore, tax payer should be able to pay tax through one door system.&rdquo; &nbsp;He demands of Rs 5 million threshold in VAT for service sector. According to Value Added Tax Act 2054, industrialists and entrepreneurs having turnover of Rs 2 million for trading sector and of Rs 1 million for service sector are required to register in VAT. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Additionally, CNI demands of increasing tax limit for personal and couples&rsquo; income as per income tax Act 2058, as price inflation has heighten in recent time. The confederation has recommended limiting taxable income of Rs 400,000 for a person and Rs 600,000 for a couple. The government might show flexibility in this regard. According to Financial Act 2072, individual earning Rs 250,000 and couples earning Rs 300,000 annually from employment will be exempted from tax. Natural person and couples earning such income are required to pay one percent social security tax only.&nbsp; &ldquo;Tax payer who has paid capital gain tax, if failed to submit income statement then the capital gain tax should be documented as tax,&rdquo; he suggested.&nbsp;</span></p>
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			'image' => '20160520082600_vat.jpg',
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			'id' => '3579',
			'article_category_id' => '1',
			'title' => 'Century Bank Appoints Civil Capital as Issue Manager ',
			'sub_title' => '',
			'summary' => 'May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)’s recent directive, right shares are not required to go through ICRA rating, ',
			'content' => '<p>May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)&rsquo;s recent directive, right shares are not required to go through ICRA rating, therefore the bank is planning to submit memorandum for the issuance in SEBON shortly. The bank has informed in its press release that upon SEBON and regulatory body approval, right shares will be issued within mid-July.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3413',
			'image' => '20160520035043_Clipboard05.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'breaking_news' => false,
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			'id' => '3578',
			'article_category_id' => '1',
			'title' => 'TVS Zest in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.',
			'content' => '<p>May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.</p>

<p>The company informs that Zest has got women-friendly design and precise finishing. The scooty comes with 110 CC engine capacity and Skid Steer Tubeless Tyres in both front and back. The market price of TVS Zest scooty is Rs 159,900.</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3412',
			'image' => '20160520035000_Clipboard03.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'id' => '3577',
			'article_category_id' => '1',
			'title' => 'Samsung Digital Plaza in Dhangadi',
			'sub_title' => '',
			'summary' => ' May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.  It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.',
			'content' => '<p style="text-align: justify;">May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.&nbsp; It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3411',
			'image' => '20160520011901_sam.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'id' => '3576',
			'article_category_id' => '1',
			'title' => 'NBI Concludes Human Resource Workshop',
			'sub_title' => '',
			'summary' => '  May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.  In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.',
			'content' => '<p style="text-align:justify">May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.</p>

<p style="text-align:justify">In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3410',
			'image' => '20160520010331_nbi.JPG',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '3575',
			'article_category_id' => '1',
			'title' => 'NEPSE Reached Yet Another Highest Point',
			'sub_title' => 'NEPSE Index Above 1,500 in Intraday Trading',
			'summary' => 'May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.',
			'content' => '<p style="text-align:justify">May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.</p>

<p style="text-align:justify">According to the sources, the present expansion of market could be attributed to CDS and Clearing Limited (CDSC). &ldquo;After many years of initiation, mandatory D-mat trading has started this year. Currently, investors do not need to wait for months for share trading and receive money. In third day of transaction, investors receive share and money,&rdquo; Narendra Raj Sijapati, former Chairman of Brokers&rsquo; Association says. While CDSC plays a dormant part in increase of NEPSE, it has direct support in growth of share trading.</p>

<p style="text-align:justify">&ldquo;Investors re- invest the money in the market as soon as they receive their money back after share trading. Therefore, CDSC not only helps in share trading but also helps to increase NEPSE index indirectly,&rdquo; says an analyst. As investors are being attuned towards the mechanism, trading in the share market is increasing.</p>

<p style="text-align:justify">Mandatory D-mat trading was started in last January selecting companies in instalments. Since last April 27, trading of physical share certificate has closed completely. Since then, size of the market has increased significantly. &nbsp;The trading amount which used to total Rs 500 million daily one year ago has increased to Rs 1 billion daily at present. This has contributed in growth of investors&rsquo; assets to Rs 1600billion.</p>

<p style="text-align:justify">Excess liquidity in the market has also contributed in increase of NEPSE index. &ldquo;Presently, investors are getting loans at 6.5 percent interest rate on share collateral. Those who did not issued such loans in past are expanding their investment in the market aggressively,&rdquo; says Sijapati.&nbsp; According to the Nepal Rastra Bank&rsquo;s nine months data, banks and financial institutions (BFIs) have invested more than Rs 35 billion loan in the review period of current FY.&nbsp; Although market had witnessed tight liquidity some time ago, investors are getting easy loan due to excess liquidity at the moment. &nbsp;As BFIs are in the process of paid-up capital increment and also there are rumours of paid-up capital increment of insurance and microfinance companies, market price of these companies are rising significantly.</p>

<p style="text-align:justify">Meanwhile, a tool of technical analysis, RSI indicator, shows market in Neutral zone (scale 68) and balanced share transactions. Whereas, AD ratio of overall transactions of Thursday shows bullish trend in the market.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/20160519071612_chart.jpeg" style="height:400px; width:600px" /></p>
',
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			'sortorder' => '3409',
			'image' => '20160520120438_20160512122349_nepse.JPG',
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			'id' => '3574',
			'article_category_id' => '1',
			'title' => 'Foreign Employment Information Now in Mobile Apps',
			'sub_title' => '',
			'summary' => 'May 19: A mobile app “Shubayatra” has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.  Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.',
			'content' => '<p style="text-align:justify">May 19: A mobile app &ldquo;Shubayatra&rdquo; has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.&nbsp; Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.</p>

<p style="text-align:justify">&nbsp;&lsquo;Subhayatra&rsquo; app has been created by NRNA with the coordination of The Asia Foundation and Young Innovation. The app provides various information to foreign job aspirants as well as labour already working aboard. The app includes information regarding culture of respective country, law and rights of employees, work permit, application process, Dos and Don&rsquo;ts while working in abroad and information items related to woman labours.</p>

<p style="text-align:justify">&nbsp;Currently, the app comprises information on the prime destinations of Nepali labours; Malaysia, Saudi Arab and Qatar. The app that can be easily downloaded in android phones also facilitates information through audio and video formats for illiterate labours. Similarly, the information can be seen offline also after downloading the information from the app.&nbsp;</p>
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	(int) 7 => array(
		'Article' => array(
			'id' => '3573',
			'article_category_id' => '1',
			'title' => 'Agreement between Sakchyam and NIBL',
			'sub_title' => '',
			'summary' => 'May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.  As per the agreement,  NIBL will operates extension counter in Nangma of  Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam.  ',
			'content' => '<p style="text-align:justify">May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.&nbsp; As per the agreement, &nbsp;NIBL will operates extension counter in Nangma of&nbsp; Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam. &nbsp;</p>

<p style="text-align:justify">It has been informed that NIBL is the first private sector commercial bank to provide financial services in Nagma of Kalikot. With the financial support of Sakchyam, various commercial banks are starting &nbsp;414 branchless banking units in 14 earthquake affected&nbsp; districts and mid and far western regions.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3407',
			'image' => '20160519041046_sak.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3403',
			'image' => null,
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
',
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			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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$articles = array(
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		'Article' => array(
			'id' => '3580',
			'article_category_id' => '1',
			'title' => 'Govt Says no to Multiple VAT Rates',
			'sub_title' => '',
			'summary' => 'May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. “Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,” says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors’ demands and suggestions.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. &ldquo;Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,&rdquo; says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors&rsquo; demands and suggestions. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) says that government should address private sectors&rsquo; demand by implementing multiple rates system in VAT from upcoming FY. He says, &ldquo;Rate should be set as per the goods. All goods should not be rated equivalent. Our goods should be able to compete with foreign goods.&rdquo; Additionally, he advised to continue VAT refund policy in raw materials of Ghee, Plain Flour, Oil, Mobile and other industrial production. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Similarly, Confederation of Nepalese Industries (CNI) has demanded the government to reduce VAT rate to 10 percent from coming FY. Moreover, Hari Bhakta Sharma, President of CNI suggests government to continue VAT subsidies in mobile, edible oil, flour and educational items.&nbsp;&nbsp; He says, &ldquo;If government wants to provide facilities to industrialists and entrepreneurs, the government should provide VAT exemption in such essential goods. Furthermore, tax payer should be able to pay tax through one door system.&rdquo; &nbsp;He demands of Rs 5 million threshold in VAT for service sector. According to Value Added Tax Act 2054, industrialists and entrepreneurs having turnover of Rs 2 million for trading sector and of Rs 1 million for service sector are required to register in VAT. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Additionally, CNI demands of increasing tax limit for personal and couples&rsquo; income as per income tax Act 2058, as price inflation has heighten in recent time. The confederation has recommended limiting taxable income of Rs 400,000 for a person and Rs 600,000 for a couple. The government might show flexibility in this regard. According to Financial Act 2072, individual earning Rs 250,000 and couples earning Rs 300,000 annually from employment will be exempted from tax. Natural person and couples earning such income are required to pay one percent social security tax only.&nbsp; &ldquo;Tax payer who has paid capital gain tax, if failed to submit income statement then the capital gain tax should be documented as tax,&rdquo; he suggested.&nbsp;</span></p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3414',
			'image' => '20160520082600_vat.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'breaking_news' => false,
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			'id' => '3579',
			'article_category_id' => '1',
			'title' => 'Century Bank Appoints Civil Capital as Issue Manager ',
			'sub_title' => '',
			'summary' => 'May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)’s recent directive, right shares are not required to go through ICRA rating, ',
			'content' => '<p>May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)&rsquo;s recent directive, right shares are not required to go through ICRA rating, therefore the bank is planning to submit memorandum for the issuance in SEBON shortly. The bank has informed in its press release that upon SEBON and regulatory body approval, right shares will be issued within mid-July.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3413',
			'image' => '20160520035043_Clipboard05.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'breaking_news' => false,
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		'Article' => array(
			'id' => '3578',
			'article_category_id' => '1',
			'title' => 'TVS Zest in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.',
			'content' => '<p>May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.</p>

<p>The company informs that Zest has got women-friendly design and precise finishing. The scooty comes with 110 CC engine capacity and Skid Steer Tubeless Tyres in both front and back. The market price of TVS Zest scooty is Rs 159,900.</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3412',
			'image' => '20160520035000_Clipboard03.jpg',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3577',
			'article_category_id' => '1',
			'title' => 'Samsung Digital Plaza in Dhangadi',
			'sub_title' => '',
			'summary' => ' May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.  It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.',
			'content' => '<p style="text-align: justify;">May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.&nbsp; It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3411',
			'image' => '20160520011901_sam.jpg',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3576',
			'article_category_id' => '1',
			'title' => 'NBI Concludes Human Resource Workshop',
			'sub_title' => '',
			'summary' => '  May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.  In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.',
			'content' => '<p style="text-align:justify">May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.</p>

<p style="text-align:justify">In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3410',
			'image' => '20160520010331_nbi.JPG',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3575',
			'article_category_id' => '1',
			'title' => 'NEPSE Reached Yet Another Highest Point',
			'sub_title' => 'NEPSE Index Above 1,500 in Intraday Trading',
			'summary' => 'May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.',
			'content' => '<p style="text-align:justify">May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.</p>

<p style="text-align:justify">According to the sources, the present expansion of market could be attributed to CDS and Clearing Limited (CDSC). &ldquo;After many years of initiation, mandatory D-mat trading has started this year. Currently, investors do not need to wait for months for share trading and receive money. In third day of transaction, investors receive share and money,&rdquo; Narendra Raj Sijapati, former Chairman of Brokers&rsquo; Association says. While CDSC plays a dormant part in increase of NEPSE, it has direct support in growth of share trading.</p>

<p style="text-align:justify">&ldquo;Investors re- invest the money in the market as soon as they receive their money back after share trading. Therefore, CDSC not only helps in share trading but also helps to increase NEPSE index indirectly,&rdquo; says an analyst. As investors are being attuned towards the mechanism, trading in the share market is increasing.</p>

<p style="text-align:justify">Mandatory D-mat trading was started in last January selecting companies in instalments. Since last April 27, trading of physical share certificate has closed completely. Since then, size of the market has increased significantly. &nbsp;The trading amount which used to total Rs 500 million daily one year ago has increased to Rs 1 billion daily at present. This has contributed in growth of investors&rsquo; assets to Rs 1600billion.</p>

<p style="text-align:justify">Excess liquidity in the market has also contributed in increase of NEPSE index. &ldquo;Presently, investors are getting loans at 6.5 percent interest rate on share collateral. Those who did not issued such loans in past are expanding their investment in the market aggressively,&rdquo; says Sijapati.&nbsp; According to the Nepal Rastra Bank&rsquo;s nine months data, banks and financial institutions (BFIs) have invested more than Rs 35 billion loan in the review period of current FY.&nbsp; Although market had witnessed tight liquidity some time ago, investors are getting easy loan due to excess liquidity at the moment. &nbsp;As BFIs are in the process of paid-up capital increment and also there are rumours of paid-up capital increment of insurance and microfinance companies, market price of these companies are rising significantly.</p>

<p style="text-align:justify">Meanwhile, a tool of technical analysis, RSI indicator, shows market in Neutral zone (scale 68) and balanced share transactions. Whereas, AD ratio of overall transactions of Thursday shows bullish trend in the market.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/20160519071612_chart.jpeg" style="height:400px; width:600px" /></p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3409',
			'image' => '20160520120438_20160512122349_nepse.JPG',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '3574',
			'article_category_id' => '1',
			'title' => 'Foreign Employment Information Now in Mobile Apps',
			'sub_title' => '',
			'summary' => 'May 19: A mobile app “Shubayatra” has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.  Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.',
			'content' => '<p style="text-align:justify">May 19: A mobile app &ldquo;Shubayatra&rdquo; has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.&nbsp; Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.</p>

<p style="text-align:justify">&nbsp;&lsquo;Subhayatra&rsquo; app has been created by NRNA with the coordination of The Asia Foundation and Young Innovation. The app provides various information to foreign job aspirants as well as labour already working aboard. The app includes information regarding culture of respective country, law and rights of employees, work permit, application process, Dos and Don&rsquo;ts while working in abroad and information items related to woman labours.</p>

<p style="text-align:justify">&nbsp;Currently, the app comprises information on the prime destinations of Nepali labours; Malaysia, Saudi Arab and Qatar. The app that can be easily downloaded in android phones also facilitates information through audio and video formats for illiterate labours. Similarly, the information can be seen offline also after downloading the information from the app.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3408',
			'image' => '20160519045353_for.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3573',
			'article_category_id' => '1',
			'title' => 'Agreement between Sakchyam and NIBL',
			'sub_title' => '',
			'summary' => 'May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.  As per the agreement,  NIBL will operates extension counter in Nangma of  Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam.  ',
			'content' => '<p style="text-align:justify">May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.&nbsp; As per the agreement, &nbsp;NIBL will operates extension counter in Nangma of&nbsp; Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam. &nbsp;</p>

<p style="text-align:justify">It has been informed that NIBL is the first private sector commercial bank to provide financial services in Nagma of Kalikot. With the financial support of Sakchyam, various commercial banks are starting &nbsp;414 branchless banking units in 14 earthquake affected&nbsp; districts and mid and far western regions.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3407',
			'image' => '20160519041046_sak.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3403',
			'image' => null,
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 13 => array(
		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 14 => array(
		'Article' => array(
			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3400',
			'image' => '20160518035049_on.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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)
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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

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 &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'id' => '3580',
			'article_category_id' => '1',
			'title' => 'Govt Says no to Multiple VAT Rates',
			'sub_title' => '',
			'summary' => 'May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. “Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,” says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors’ demands and suggestions.',
			'content' => '<p style="text-align:justify"><span style="font-size:13pt">May 20: The government has decided not to implement multiple rates in Value Added Tax (VAT) in the upcoming fiscal year. &ldquo;Multiple rates still need adequate study and research. The countries that have earlier implemented multiple rates are now adopting single rate. Thus multiple rates will not be implemented in VAT,&rdquo; says Laxman Aryal Joint Secretary in Revenue Management Division for Ministry of Finance. In the recent years, umbrella organisations of various commercial associations along with industrialists and entrepreneurs were suggesting for multiple rates system in VAT. However, the government is preparing to formulate budget and revenue policies in its own terms neglecting private sectors&rsquo; demands and suggestions. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Pashupati Murarka, President of Federation of Nepalese Chamber of Commerce and Industries (FNCCI) says that government should address private sectors&rsquo; demand by implementing multiple rates system in VAT from upcoming FY. He says, &ldquo;Rate should be set as per the goods. All goods should not be rated equivalent. Our goods should be able to compete with foreign goods.&rdquo; Additionally, he advised to continue VAT refund policy in raw materials of Ghee, Plain Flour, Oil, Mobile and other industrial production. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Similarly, Confederation of Nepalese Industries (CNI) has demanded the government to reduce VAT rate to 10 percent from coming FY. Moreover, Hari Bhakta Sharma, President of CNI suggests government to continue VAT subsidies in mobile, edible oil, flour and educational items.&nbsp;&nbsp; He says, &ldquo;If government wants to provide facilities to industrialists and entrepreneurs, the government should provide VAT exemption in such essential goods. Furthermore, tax payer should be able to pay tax through one door system.&rdquo; &nbsp;He demands of Rs 5 million threshold in VAT for service sector. According to Value Added Tax Act 2054, industrialists and entrepreneurs having turnover of Rs 2 million for trading sector and of Rs 1 million for service sector are required to register in VAT. </span></p>

<p style="text-align:justify"><span style="font-size:13pt">Additionally, CNI demands of increasing tax limit for personal and couples&rsquo; income as per income tax Act 2058, as price inflation has heighten in recent time. The confederation has recommended limiting taxable income of Rs 400,000 for a person and Rs 600,000 for a couple. The government might show flexibility in this regard. According to Financial Act 2072, individual earning Rs 250,000 and couples earning Rs 300,000 annually from employment will be exempted from tax. Natural person and couples earning such income are required to pay one percent social security tax only.&nbsp; &ldquo;Tax payer who has paid capital gain tax, if failed to submit income statement then the capital gain tax should be documented as tax,&rdquo; he suggested.&nbsp;</span></p>
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
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			'description' => '',
			'sortorder' => '3414',
			'image' => '20160520082600_vat.jpg',
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			'id' => '3579',
			'article_category_id' => '1',
			'title' => 'Century Bank Appoints Civil Capital as Issue Manager ',
			'sub_title' => '',
			'summary' => 'May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)’s recent directive, right shares are not required to go through ICRA rating, ',
			'content' => '<p>May 20: Century commercial Bank has appointed Civil Capital as Issue Manager for the issuance of 30 percent right shares. As per the Securities Board of Nepal (SEBON)&rsquo;s recent directive, right shares are not required to go through ICRA rating, therefore the bank is planning to submit memorandum for the issuance in SEBON shortly. The bank has informed in its press release that upon SEBON and regulatory body approval, right shares will be issued within mid-July.&nbsp;</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3413',
			'image' => '20160520035043_Clipboard05.jpg',
			'article_date' => '2016-05-20 00:00:00',
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			'id' => '3578',
			'article_category_id' => '1',
			'title' => 'TVS Zest in Nepali Market',
			'sub_title' => '',
			'summary' => 'May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.',
			'content' => '<p>May 20: Jagadamba Motors, the authorised distributor of TVS two-wheelers for Nepal has launched TVS Zest Scooty in the market. The company claims that Zest that have a trendy look will run in any type of geographical area and distance.</p>

<p>The company informs that Zest has got women-friendly design and precise finishing. The scooty comes with 110 CC engine capacity and Skid Steer Tubeless Tyres in both front and back. The market price of TVS Zest scooty is Rs 159,900.</p>
',
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			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3412',
			'image' => '20160520035000_Clipboard03.jpg',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
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			'id' => '3577',
			'article_category_id' => '1',
			'title' => 'Samsung Digital Plaza in Dhangadi',
			'sub_title' => '',
			'summary' => ' May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.  It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.',
			'content' => '<p style="text-align: justify;">May 20: A well equipped Samsung Digital Plaza has come into operation in Chauraha Mainroad, Dhangadi. Abdul Kalam Khan, Chief District Officer of Kailali and Sankhar Bogati, President of Federation of Chamber of Commerce and Industry, Dhangadi jointly inaugurated the plaza.&nbsp; It has been informed Samsung LED TV, refrigerator, washing machine, mobile phones and various electronic goods will be available in the plaza.</p>
',
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			'modified' => '2016-05-20',
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			'description' => '',
			'sortorder' => '3411',
			'image' => '20160520011901_sam.jpg',
			'article_date' => '2016-05-20 00:00:00',
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		'Article' => array(
			'id' => '3576',
			'article_category_id' => '1',
			'title' => 'NBI Concludes Human Resource Workshop',
			'sub_title' => '',
			'summary' => '  May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.  In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.',
			'content' => '<p style="text-align:justify">May 20: National Banking Institute (NBI) has concluded human resource workshop which was participated by Heads of Human Resource Department of commercial banks, development banks and Employees Provident Fund.</p>

<p style="text-align:justify">In the workshop, Heads of Human Resource Department of various banks gave presentation on topics such as job description of human resource head and possible challenges faced by HR related with cultural transformation and outsourcing during the merger process.</p>
',
			'published' => true,
			'created' => '2016-05-20',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3410',
			'image' => '20160520010331_nbi.JPG',
			'article_date' => '2016-05-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3575',
			'article_category_id' => '1',
			'title' => 'NEPSE Reached Yet Another Highest Point',
			'sub_title' => 'NEPSE Index Above 1,500 in Intraday Trading',
			'summary' => 'May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.',
			'content' => '<p style="text-align:justify">May 20: Nepal Stock Exchange (NEPSE) index has made yet another highest record on Thursday. NEPSE made the highest record of 1,507 points in Intraday Trading which dropped to 1,499.32 points in market closing.</p>

<p style="text-align:justify">According to the sources, the present expansion of market could be attributed to CDS and Clearing Limited (CDSC). &ldquo;After many years of initiation, mandatory D-mat trading has started this year. Currently, investors do not need to wait for months for share trading and receive money. In third day of transaction, investors receive share and money,&rdquo; Narendra Raj Sijapati, former Chairman of Brokers&rsquo; Association says. While CDSC plays a dormant part in increase of NEPSE, it has direct support in growth of share trading.</p>

<p style="text-align:justify">&ldquo;Investors re- invest the money in the market as soon as they receive their money back after share trading. Therefore, CDSC not only helps in share trading but also helps to increase NEPSE index indirectly,&rdquo; says an analyst. As investors are being attuned towards the mechanism, trading in the share market is increasing.</p>

<p style="text-align:justify">Mandatory D-mat trading was started in last January selecting companies in instalments. Since last April 27, trading of physical share certificate has closed completely. Since then, size of the market has increased significantly. &nbsp;The trading amount which used to total Rs 500 million daily one year ago has increased to Rs 1 billion daily at present. This has contributed in growth of investors&rsquo; assets to Rs 1600billion.</p>

<p style="text-align:justify">Excess liquidity in the market has also contributed in increase of NEPSE index. &ldquo;Presently, investors are getting loans at 6.5 percent interest rate on share collateral. Those who did not issued such loans in past are expanding their investment in the market aggressively,&rdquo; says Sijapati.&nbsp; According to the Nepal Rastra Bank&rsquo;s nine months data, banks and financial institutions (BFIs) have invested more than Rs 35 billion loan in the review period of current FY.&nbsp; Although market had witnessed tight liquidity some time ago, investors are getting easy loan due to excess liquidity at the moment. &nbsp;As BFIs are in the process of paid-up capital increment and also there are rumours of paid-up capital increment of insurance and microfinance companies, market price of these companies are rising significantly.</p>

<p style="text-align:justify">Meanwhile, a tool of technical analysis, RSI indicator, shows market in Neutral zone (scale 68) and balanced share transactions. Whereas, AD ratio of overall transactions of Thursday shows bullish trend in the market.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/20160519071612_chart.jpeg" style="height:400px; width:600px" /></p>
',
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			'sortorder' => '3409',
			'image' => '20160520120438_20160512122349_nepse.JPG',
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			'id' => '3574',
			'article_category_id' => '1',
			'title' => 'Foreign Employment Information Now in Mobile Apps',
			'sub_title' => '',
			'summary' => 'May 19: A mobile app “Shubayatra” has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.  Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.',
			'content' => '<p style="text-align:justify">May 19: A mobile app &ldquo;Shubayatra&rdquo; has been launched targeting foreign employment aspirants in a bid to provide righteous information and reduce forgery.&nbsp; Deepak Bohara, Minister of Labour and Employment launched the mobile app amid a program on Wednesday. Shesh Ghale, Chairman of Non-Residential Nepali Association (NRNA), John Kar and Nandita Baruwa, Nepal Representatives for Asia Foundation were among the participants of the program.</p>

<p style="text-align:justify">&nbsp;&lsquo;Subhayatra&rsquo; app has been created by NRNA with the coordination of The Asia Foundation and Young Innovation. The app provides various information to foreign job aspirants as well as labour already working aboard. The app includes information regarding culture of respective country, law and rights of employees, work permit, application process, Dos and Don&rsquo;ts while working in abroad and information items related to woman labours.</p>

<p style="text-align:justify">&nbsp;Currently, the app comprises information on the prime destinations of Nepali labours; Malaysia, Saudi Arab and Qatar. The app that can be easily downloaded in android phones also facilitates information through audio and video formats for illiterate labours. Similarly, the information can be seen offline also after downloading the information from the app.&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3408',
			'image' => '20160519045353_for.jpg',
			'article_date' => '2016-05-19 00:00:00',
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			'id' => '3573',
			'article_category_id' => '1',
			'title' => 'Agreement between Sakchyam and NIBL',
			'sub_title' => '',
			'summary' => 'May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.  As per the agreement,  NIBL will operates extension counter in Nangma of  Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam.  ',
			'content' => '<p style="text-align:justify">May 19: Sakchyam Access to Finance Program and Nepal Investment Bank Limited (NIBL) has made an agreement to expand financial services in mid and far-western regions.&nbsp; As per the agreement, &nbsp;NIBL will operates extension counter in Nangma of&nbsp; Kalikot as well as branchless banking units in Achham, Bajhag, Darchula and Doti with the financial and technical support of Sakchyam. &nbsp;</p>

<p style="text-align:justify">It has been informed that NIBL is the first private sector commercial bank to provide financial services in Nagma of Kalikot. With the financial support of Sakchyam, various commercial banks are starting &nbsp;414 branchless banking units in 14 earthquake affected&nbsp; districts and mid and far western regions.&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3407',
			'image' => '20160519041046_sak.jpg',
			'article_date' => '2016-05-19 00:00:00',
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		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
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			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
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			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
			'article_date' => '2016-05-19 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3400',
			'image' => '20160518035049_on.jpg',
			'article_date' => '2016-05-18 00:00:00',
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