NEWS

Nepathya Concert in Coca Cola’s ‘Feri Uthnecha Nepal

May 09, 2016 0 26 seconds to read

May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola’s ‘Feri Uthnecha Nepal’ campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of concerned NGOs — Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope…

1200MW Budhi Gandaki Project to Speed Up

May 09, 2016 0 37 seconds to read

May 9: Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric…

Share Certificates Distribution of HIDCL

May 09, 2016 0 14 seconds to read

May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager.…

NIC Asia to Issue Right Shares

May 09, 2016 0 13 seconds to read

May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue…

Aarambha Microfinance to Open New Branches

May 09, 2016 0 35 seconds to read

May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman’s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter…

New Outlet of Sherpa Adventure in Pulchowk

May 09, 2016 0 13 seconds to read

May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and…

NMB Microfinance Prepares to Expand Work Areas

May 09, 2016 0 49 seconds to read

May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly…

NIC Asia’s Personal Loan

May 09, 2016 0 18 seconds to read

May 9: NIC Asia has brought ‘NIC Asia Personal Loan’ scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments.…

New Showroom of Suzuki in Kanchanpur

May 09, 2016 0 31 seconds to read

May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said…

Kasthamandap Devt Bank Appoints NCM as Issue Manager

May 09, 2016 0 18 seconds to read

May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.…

Bonus Share of Machhapuchchhre Bank Endorsed

May 09, 2016 0 35 seconds to read

May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY…

NIC Bank Writes Back Rs 258 Million

May 08, 2016 0 35 seconds to read

May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent along with recovery of bad debt s has attributed in increase of net…

Ncell Pays Rs 9.96 billion in Tax

May 08, 2016 0 45 seconds to read

May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday. The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder…

Arun Kabili to Issue General Shares from May 16

May 08, 2016 0 52 seconds to read

May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.…

CNI ‘Our Commitment: For All Nepalis’ Movement Started

May 08, 2016 0 1 minutes 44 seconds to read

May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans. The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'title' => ' Nepathya Concert in Coca Cola’s ‘Feri Uthnecha Nepal',
			'sub_title' => '',
			'summary' => 'May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola’s ‘Feri Uthnecha Nepal’ campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of  concerned NGOs — Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.',
			'content' => '<p style="text-align: justify;">May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola&rsquo;s &lsquo;Feri Uthnecha Nepal&rsquo; campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of &nbsp;concerned NGOs &mdash; Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'title' => '1200MW Budhi Gandaki Project to Speed Up',
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			'summary' => 'May 9:  Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.',
			'content' => '<p style="text-align:justify">May 9: &nbsp;Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.</p>

<p style="text-align:justify">In the current fiscal year,&nbsp;the government has completed data collection of local residents in order to provide compensation of Budhi Gandaki Hydroelectric Project which have total of 1200 MW capacity. Similarly, the government has selected consultant for detail project report of 410MW Nalsingh Gadh Hydroelectric Project.</p>

<p style="text-align:justify">Although the government had promised to limit load shedding to 8 hours a day this year, a general Nepali is forced to live under acute power shortage of 14 hours of load shedding a day.&nbsp;</p>
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			'title' => 'Share Certificates Distribution of HIDCL',
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			'summary' => 'May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager. ',
			'content' => '<p style="text-align: justify;">May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager.&nbsp;</p>
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			'id' => '3500',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.</p>
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			'sortorder' => '3335',
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			'id' => '3499',
			'article_category_id' => '1',
			'title' => 'Aarambha Microfinance to Open New Branches',
			'sub_title' => '',
			'summary' => 'May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman’s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.',
			'content' => '<p style="text-align:justify">May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman&rsquo;s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.</p>

<p style="text-align:justify">Operating in 10 hilly districts of Eastern and Central Development Region, the microfinance has Rs 10.2 million in paid-up capital. Currently, the microfinance is preparing to expand additional 7 branches from existing 6 branches.</p>

<p style="text-align:justify">In the occasion, the microfinance informs of providing microfinance services to 1300 households investing Rs 30 million in loans and collecting Rs 1.2 million in deposit.&nbsp;</p>
',
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			'title' => 'New Outlet of Sherpa Adventure in Pulchowk',
			'sub_title' => '',
			'summary' => 'May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.',
			'content' => '<p style="text-align: justify;">May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.</p>
',
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			'id' => '3497',
			'article_category_id' => '1',
			'title' => 'NMB Microfinance Prepares to Expand Work Areas',
			'sub_title' => '',
			'summary' => 'May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.',
			'content' => '<p style="text-align:justify">May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.</p>

<p style="text-align:justify">&ldquo;As per the NRB directive of expanding financial services in rural areas, the microfinance has selected 15 districts from Eastern to Far-Western Development Region,&rdquo; says Uttam Bhole, Chairman of the microfinance. In the SGM, he also informs of starting SMS notification services for customers&rsquo; convenience. In the occasion, the microfinance informs of providing Rs 830 million collateral free loans to 32 afflicted families from 28 branches. &ldquo;The microfinance has collected deposit above Rs 160 million. It has submitted proposal in NRB for expansion of working areas in additional 10 districts,&rdquo; says Tejendra Sharma Lamsal, CEO of the microfinance.</p>
',
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			'id' => '3496',
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			'title' => 'NIC Asia’s Personal Loan',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia has brought ‘NIC Asia Personal Loan’ scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments. ',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia has brought &lsquo;NIC Asia Personal Loan&rsquo; scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments.&nbsp;</p>
',
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			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
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			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
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			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
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			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
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			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
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			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
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			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
			'image' => '20160508043908_arun.JPG',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
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			'sortorder' => '3324',
			'image' => '20160508034238_pari.jpg',
			'article_date' => '2016-05-08 00:00:00',
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			'breaking_news' => false,
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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$articles = array(
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		'Article' => array(
			'id' => '3503',
			'article_category_id' => '1',
			'title' => ' Nepathya Concert in Coca Cola’s ‘Feri Uthnecha Nepal',
			'sub_title' => '',
			'summary' => 'May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola’s ‘Feri Uthnecha Nepal’ campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of  concerned NGOs — Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.',
			'content' => '<p style="text-align: justify;">May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola&rsquo;s &lsquo;Feri Uthnecha Nepal&rsquo; campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of &nbsp;concerned NGOs &mdash; Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3338',
			'image' => '20160509042936_coca.jpg',
			'article_date' => '2016-05-09 00:00:00',
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		'Article' => array(
			'id' => '3502',
			'article_category_id' => '1',
			'title' => '1200MW Budhi Gandaki Project to Speed Up',
			'sub_title' => '',
			'summary' => 'May 9:  Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.',
			'content' => '<p style="text-align:justify">May 9: &nbsp;Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.</p>

<p style="text-align:justify">In the current fiscal year,&nbsp;the government has completed data collection of local residents in order to provide compensation of Budhi Gandaki Hydroelectric Project which have total of 1200 MW capacity. Similarly, the government has selected consultant for detail project report of 410MW Nalsingh Gadh Hydroelectric Project.</p>

<p style="text-align:justify">Although the government had promised to limit load shedding to 8 hours a day this year, a general Nepali is forced to live under acute power shortage of 14 hours of load shedding a day.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3337',
			'image' => '20160509042632_budhi.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3501',
			'article_category_id' => '1',
			'title' => 'Share Certificates Distribution of HIDCL',
			'sub_title' => '',
			'summary' => 'May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager. ',
			'content' => '<p style="text-align: justify;">May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3336',
			'image' => '20160509034830_hdl.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
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		'Article' => array(
			'id' => '3500',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3335',
			'image' => '20160509033801_nic.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '3499',
			'article_category_id' => '1',
			'title' => 'Aarambha Microfinance to Open New Branches',
			'sub_title' => '',
			'summary' => 'May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman’s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.',
			'content' => '<p style="text-align:justify">May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman&rsquo;s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.</p>

<p style="text-align:justify">Operating in 10 hilly districts of Eastern and Central Development Region, the microfinance has Rs 10.2 million in paid-up capital. Currently, the microfinance is preparing to expand additional 7 branches from existing 6 branches.</p>

<p style="text-align:justify">In the occasion, the microfinance informs of providing microfinance services to 1300 households investing Rs 30 million in loans and collecting Rs 1.2 million in deposit.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3334',
			'image' => '20160509122738_aarambha.jpg',
			'article_date' => '2016-05-09 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '3498',
			'article_category_id' => '1',
			'title' => 'New Outlet of Sherpa Adventure in Pulchowk',
			'sub_title' => '',
			'summary' => 'May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.',
			'content' => '<p style="text-align: justify;">May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3333',
			'image' => '20160509121531_sherpa.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 6 => array(
		'Article' => array(
			'id' => '3497',
			'article_category_id' => '1',
			'title' => 'NMB Microfinance Prepares to Expand Work Areas',
			'sub_title' => '',
			'summary' => 'May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.',
			'content' => '<p style="text-align:justify">May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.</p>

<p style="text-align:justify">&ldquo;As per the NRB directive of expanding financial services in rural areas, the microfinance has selected 15 districts from Eastern to Far-Western Development Region,&rdquo; says Uttam Bhole, Chairman of the microfinance. In the SGM, he also informs of starting SMS notification services for customers&rsquo; convenience. In the occasion, the microfinance informs of providing Rs 830 million collateral free loans to 32 afflicted families from 28 branches. &ldquo;The microfinance has collected deposit above Rs 160 million. It has submitted proposal in NRB for expansion of working areas in additional 10 districts,&rdquo; says Tejendra Sharma Lamsal, CEO of the microfinance.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3332',
			'image' => '20160509115456_nmb mc.jpg',
			'article_date' => '2016-05-09 00:00:00',
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		'Article' => array(
			'id' => '3496',
			'article_category_id' => '1',
			'title' => 'NIC Asia’s Personal Loan',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia has brought ‘NIC Asia Personal Loan’ scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments. ',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia has brought &lsquo;NIC Asia Personal Loan&rsquo; scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3331',
			'image' => '20160509112045_nic.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
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			'created' => '2016-05-09',
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			'description' => '',
			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
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		'Article' => array(
			'id' => '3494',
			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
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			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
			'article_date' => '2016-05-08 00:00:00',
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		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
			'image' => '20160508043908_arun.JPG',
			'article_date' => '2016-05-08 00:00:00',
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		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
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		'Article' => array(
			'id' => '3503',
			'article_category_id' => '1',
			'title' => ' Nepathya Concert in Coca Cola’s ‘Feri Uthnecha Nepal',
			'sub_title' => '',
			'summary' => 'May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola’s ‘Feri Uthnecha Nepal’ campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of  concerned NGOs — Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.',
			'content' => '<p style="text-align: justify;">May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola&rsquo;s &lsquo;Feri Uthnecha Nepal&rsquo; campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of &nbsp;concerned NGOs &mdash; Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3338',
			'image' => '20160509042936_coca.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3502',
			'article_category_id' => '1',
			'title' => '1200MW Budhi Gandaki Project to Speed Up',
			'sub_title' => '',
			'summary' => 'May 9:  Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.',
			'content' => '<p style="text-align:justify">May 9: &nbsp;Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.</p>

<p style="text-align:justify">In the current fiscal year,&nbsp;the government has completed data collection of local residents in order to provide compensation of Budhi Gandaki Hydroelectric Project which have total of 1200 MW capacity. Similarly, the government has selected consultant for detail project report of 410MW Nalsingh Gadh Hydroelectric Project.</p>

<p style="text-align:justify">Although the government had promised to limit load shedding to 8 hours a day this year, a general Nepali is forced to live under acute power shortage of 14 hours of load shedding a day.&nbsp;</p>
',
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			'created' => '2016-05-09',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '3337',
			'image' => '20160509042632_budhi.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3501',
			'article_category_id' => '1',
			'title' => 'Share Certificates Distribution of HIDCL',
			'sub_title' => '',
			'summary' => 'May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager. ',
			'content' => '<p style="text-align: justify;">May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3336',
			'image' => '20160509034830_hdl.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3500',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3335',
			'image' => '20160509033801_nic.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3499',
			'article_category_id' => '1',
			'title' => 'Aarambha Microfinance to Open New Branches',
			'sub_title' => '',
			'summary' => 'May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman’s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.',
			'content' => '<p style="text-align:justify">May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman&rsquo;s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.</p>

<p style="text-align:justify">Operating in 10 hilly districts of Eastern and Central Development Region, the microfinance has Rs 10.2 million in paid-up capital. Currently, the microfinance is preparing to expand additional 7 branches from existing 6 branches.</p>

<p style="text-align:justify">In the occasion, the microfinance informs of providing microfinance services to 1300 households investing Rs 30 million in loans and collecting Rs 1.2 million in deposit.&nbsp;</p>
',
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			'sortorder' => '3334',
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			'id' => '3498',
			'article_category_id' => '1',
			'title' => 'New Outlet of Sherpa Adventure in Pulchowk',
			'sub_title' => '',
			'summary' => 'May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.',
			'content' => '<p style="text-align: justify;">May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.</p>
',
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			'sortorder' => '3333',
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		'Article' => array(
			'id' => '3497',
			'article_category_id' => '1',
			'title' => 'NMB Microfinance Prepares to Expand Work Areas',
			'sub_title' => '',
			'summary' => 'May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.',
			'content' => '<p style="text-align:justify">May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.</p>

<p style="text-align:justify">&ldquo;As per the NRB directive of expanding financial services in rural areas, the microfinance has selected 15 districts from Eastern to Far-Western Development Region,&rdquo; says Uttam Bhole, Chairman of the microfinance. In the SGM, he also informs of starting SMS notification services for customers&rsquo; convenience. In the occasion, the microfinance informs of providing Rs 830 million collateral free loans to 32 afflicted families from 28 branches. &ldquo;The microfinance has collected deposit above Rs 160 million. It has submitted proposal in NRB for expansion of working areas in additional 10 districts,&rdquo; says Tejendra Sharma Lamsal, CEO of the microfinance.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3332',
			'image' => '20160509115456_nmb mc.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '3496',
			'article_category_id' => '1',
			'title' => 'NIC Asia’s Personal Loan',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia has brought ‘NIC Asia Personal Loan’ scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments. ',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia has brought &lsquo;NIC Asia Personal Loan&rsquo; scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments.&nbsp;</p>
',
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			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3331',
			'image' => '20160509112045_nic.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3494',
			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 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' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
			'image' => '20160508043908_arun.JPG',
			'article_date' => '2016-05-08 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
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			'image' => '20160508034238_pari.jpg',
			'article_date' => '2016-05-08 00:00:00',
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			'breaking_news' => false,
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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		'Article' => array(
			'id' => '3503',
			'article_category_id' => '1',
			'title' => ' Nepathya Concert in Coca Cola’s ‘Feri Uthnecha Nepal',
			'sub_title' => '',
			'summary' => 'May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola’s ‘Feri Uthnecha Nepal’ campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of  concerned NGOs — Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.',
			'content' => '<p style="text-align: justify;">May 9: Folk rock band Nepathya will be performing a concert in Coca-Cola&rsquo;s &lsquo;Feri Uthnecha Nepal&rsquo; campaign. The concert will be held on May 14 at Jawalakhel,Lalitpur. Under the management of Bandwagon by Positive Vibes, the concert is the outcome of the collective participation and coadjuvant efforts of &nbsp;concerned NGOs &mdash; Child Protection Nepal, Work For A Cause Nepal, Sano Paila, WILL, Aishworya Children Home and Raise of Hope Nepal.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3338',
			'image' => '20160509042936_coca.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3502',
			'article_category_id' => '1',
			'title' => '1200MW Budhi Gandaki Project to Speed Up',
			'sub_title' => '',
			'summary' => 'May 9:  Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.',
			'content' => '<p style="text-align:justify">May 9: &nbsp;Government is planning of starting construction of Budhi Gandaki Hydroelectric Project in coming fiscal year along with forwarding work of Western Seti Hydroelectric Project.</p>

<p style="text-align:justify">In the current fiscal year,&nbsp;the government has completed data collection of local residents in order to provide compensation of Budhi Gandaki Hydroelectric Project which have total of 1200 MW capacity. Similarly, the government has selected consultant for detail project report of 410MW Nalsingh Gadh Hydroelectric Project.</p>

<p style="text-align:justify">Although the government had promised to limit load shedding to 8 hours a day this year, a general Nepali is forced to live under acute power shortage of 14 hours of load shedding a day.&nbsp;</p>
',
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			'created' => '2016-05-09',
			'modified' => '2016-05-09',
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			'description' => '',
			'sortorder' => '3337',
			'image' => '20160509042632_budhi.jpg',
			'article_date' => '2016-05-09 00:00:00',
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			'id' => '3501',
			'article_category_id' => '1',
			'title' => 'Share Certificates Distribution of HIDCL',
			'sub_title' => '',
			'summary' => 'May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager. ',
			'content' => '<p style="text-align: justify;">May 9: Share certificate distribution of Hydroelectricity Investment And Development Company Limited (HIDCL) is commencing from Monday, May 9. Earlier, the company has issued 20 million general shares at the price of Rs 100. The company has appointed Citizen Investment Trust as its Issue Manager.&nbsp;</p>
',
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		'Article' => array(
			'id' => '3500',
			'article_category_id' => '1',
			'title' => 'NIC Asia to Issue Right Shares',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia is floating 9,237,540 units of right shares to its shareholders. The bank is issuing 4:1 right shares at the price of Rs 100 from May 26 to June29. The bank has appointed Civil Capital Market Limited as its Issue Manger.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3335',
			'image' => '20160509033801_nic.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3499',
			'article_category_id' => '1',
			'title' => 'Aarambha Microfinance to Open New Branches',
			'sub_title' => '',
			'summary' => 'May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman’s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.',
			'content' => '<p style="text-align:justify">May 9: Aarambha Microfinance has concluded its first AGM on Saturday. The AGM has endorsed Chairman&rsquo;s report and financial report of FY 2071/72, appointment of accountant for FY 2072/73 and stipend of appointed accountant. The meeting has also selected members of board of directors from the election of promoter shareholders.</p>

<p style="text-align:justify">Operating in 10 hilly districts of Eastern and Central Development Region, the microfinance has Rs 10.2 million in paid-up capital. Currently, the microfinance is preparing to expand additional 7 branches from existing 6 branches.</p>

<p style="text-align:justify">In the occasion, the microfinance informs of providing microfinance services to 1300 households investing Rs 30 million in loans and collecting Rs 1.2 million in deposit.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3334',
			'image' => '20160509122738_aarambha.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3498',
			'article_category_id' => '1',
			'title' => 'New Outlet of Sherpa Adventure in Pulchowk',
			'sub_title' => '',
			'summary' => 'May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.',
			'content' => '<p style="text-align: justify;">May 9: Sherpa Adventure Outdoor has opened its new showroom in Labim Mall, Pulchowk. Sherpa Adventures, which had been selling the products of The North Face since 13 years from Thamel, had recently opened its other outlets in Pokhara and Namche.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3333',
			'image' => '20160509121531_sherpa.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3497',
			'article_category_id' => '1',
			'title' => 'NMB Microfinance Prepares to Expand Work Areas',
			'sub_title' => '',
			'summary' => 'May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.',
			'content' => '<p style="text-align:justify">May 9: Special general meeting of NMB Microfinance, held on Saturday, has decided to issue 1:1.2 right shares of existing 460,000 shares. The microfinance will issue 552,000 right shares increasing its paid-up capital to Rs 101.2 million. The microfinance that has opened 28 branches in short span of time is providing banking services to families resided in rural mountainous and hilly region.</p>

<p style="text-align:justify">&ldquo;As per the NRB directive of expanding financial services in rural areas, the microfinance has selected 15 districts from Eastern to Far-Western Development Region,&rdquo; says Uttam Bhole, Chairman of the microfinance. In the SGM, he also informs of starting SMS notification services for customers&rsquo; convenience. In the occasion, the microfinance informs of providing Rs 830 million collateral free loans to 32 afflicted families from 28 branches. &ldquo;The microfinance has collected deposit above Rs 160 million. It has submitted proposal in NRB for expansion of working areas in additional 10 districts,&rdquo; says Tejendra Sharma Lamsal, CEO of the microfinance.</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3332',
			'image' => '20160509115456_nmb mc.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3496',
			'article_category_id' => '1',
			'title' => 'NIC Asia’s Personal Loan',
			'sub_title' => '',
			'summary' => 'May 9: NIC Asia has brought ‘NIC Asia Personal Loan’ scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments. ',
			'content' => '<p style="text-align: justify;">May 9: NIC Asia has brought &lsquo;NIC Asia Personal Loan&rsquo; scheme. The bank informs that doctors, engineer, chartered accountant, insurance entrepreneurs and other professionals having permanent income source can participate in the scheme. Under the scheme, maximum of Rs 1.5 million loans will be provided for 5 years to be repaid in easy instalments.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3331',
			'image' => '20160509112045_nic.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3495',
			'article_category_id' => '1',
			'title' => 'New Showroom of Suzuki in Kanchanpur',
			'sub_title' => '',
			'summary' => 'May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur on May 8. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles. “VG Suzuki is committed to sell high standard products and provide quality services to the customers,” said Shrestha.',
			'content' => '<p style="text-align: justify;">May 9: Ram Janaki Traders has opened a new international standard showroom of VG Suzuki two-wheelers in Saptari bazaar, Kanchanpur. The outlet was inaugurated by Adhir Kumar Shrestha, General Manager of VG Automobiles on May 8. &ldquo;We are committed in selling high standard products and provide quality services to our customers,&rdquo; said Shrestha.</p>

<p style="text-align: justify;">&ldquo;We are selling motorcycles and scooters with price ranging from Rs 164,900 to Rs 279, 900,&rdquo; informed Chote Lal Shah, operator of the outlet. On the occasion of the opening, customers were also provided with various gift hampers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3330',
			'image' => '20160509111640_suzuki.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3494',
			'article_category_id' => '1',
			'title' => 'Kasthamandap Devt Bank Appoints NCM as Issue Manager',
			'sub_title' => '',
			'summary' => 'May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8th AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies. ',
			'content' => '<p style="text-align: justify;">May 9: Kasthamandap Development Bank has appointed NCM Merchant Banking Limited as its Issue Manager. The bank has appointed NCM for issuing 4:1 right shares endorsed by its 8<sup>th</sup> AGM. Umesh Singh Bhandari, CEO of the bank and Bijay lal Shrestha, Managing Director of NCM signed the agreement on behalf of their respective companies.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3329',
			'image' => '20160509110105_kas.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3493',
			'article_category_id' => '1',
			'title' => 'Bonus Share of Machhapuchchhre Bank Endorsed',
			'sub_title' => '',
			'summary' => 'May 9: 17th AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share.  The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.',
			'content' => '<p style="text-align: justify;">May 9: 17<sup>th</sup> AGM of Machhapuchchhre Bank held on Sunday, has endorsed the proposal of distributing 16 percent bonus share and 0.84 percent cash dividend to its shareholders. Additionally, the bank is issuing 50 percent right shares of total paid up capital after distribution of bonus share. &nbsp;The AGM held under chairmanship of Dr Birendra Prasad Mahato also endorsed the annual report, balance sheet and other reports of FY 2071/72.</p>

<p style="text-align: justify;">Operating in Rs 3.33 billion paid-up capital, the bank has earned Rs 624.2 million net profit till the third quarter of current FY. Founded in 2057 in Pokhara, the bank has 53 branches, 1 extension counter and 71 ATMs at present. &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-09',
			'modified' => '2016-05-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3328',
			'image' => '20160509105225_macha.jpg',
			'article_date' => '2016-05-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3492',
			'article_category_id' => '1',
			'title' => 'NIC Bank Writes Back Rs 258 Million',
			'sub_title' => '',
			'summary' => 'May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent  along with recovery of bad debt s has attributed in increase of net profit.',
			'content' => '<p style="text-align: justify;">May 8: NIC Bank has been able to recover Rs 258 million bad debt of previous FY till the third quarter of current FY. Similarly, net profit of the bank has increased by 32.15 percent to Rs 759.5 million. Increase in operating profit and net interest income has increased by 21.63 percent and 12.61 percent &nbsp;along with recovery of bad debt s has attributed in increase of net profit.</p>

<p style="text-align: justify;">The bank has maintained balance of Rs 204.2 million in its provision for possible losses. Likewise, the bank has CD ratio of 77 percent. Meanwhile, the foreign exchange income of the bank has increased by 34 percent to Rs 125.6 million.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3327',
			'image' => '20160508053614_nic.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3491',
			'article_category_id' => '1',
			'title' => 'Ncell Pays Rs 9.96 billion in Tax',
			'sub_title' => '',
			'summary' => 'May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of TDS to the government on Sunday.  The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.',
			'content' => '<p style="text-align: justify;">May 8: Private sector telecommunication service provider Ncell has paid Rs 9.96 billion in tax in the form of Tax Deducted at Source (TDS) to the government on Sunday.</p>

<p style="text-align: justify;">The paid amount is 15 percent of total capital gain earned by Ncell. The remaining 10 percent will be recovered from former stakeholder TeleSonera.</p>

<p style="text-align: justify;">Recently, Axiata, a Malaysian telecommunication giant acquired 80 percent stake of Ncell from TeleSonera and Viser in 1.36 billion USD. The company was criticised in media and social networking sites for the uncertainty on the tax payments.</p>

<p style="text-align: justify;">Earlier, Ncell was seen reluctant to pay the tax citing the transaction of not being taxable in Nepal. But after an ultimatum from government to pay tax till Sunday and intense pressure from all sides, Ncell finally made the tax payment to the government.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3326',
			'image' => '20160508051746_ncell.jpg',
			'article_date' => '2016-05-08 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3490',
			'article_category_id' => '1',
			'title' => 'Arun Kabili to Issue General Shares from May 16',
			'sub_title' => '',
			'summary' => 'May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16. The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public at the final phase.  ',
			'content' => '<p style="text-align: justify;">May 8: Headquartered at Thapathali, Kathmandu, Arun Kabeli Power Limited is issuing 1.5 million general shares from May 16<strong>. </strong>The company is issuing 600,000 units of shares for mostly affected areas Nagi, Thurpu and Amarpur VDC of Pachthar and Sablakhu, Sinam, Thumdin and Naxibote VDC of Taplejung. Meanwhile, it has allocated 900,000 units of shares for locals of Pachthar and Taplejung districts. The company has planned to issue total of 20 percent (3 million shares) to general public in&nbsp;the final phase. &nbsp;</p>

<p style="text-align: justify;">The share issuance will closed in May 30 with possible extension till June 19. &nbsp;The interested investors can apply for minimum of 50 units and maximum of 10,000 units of shares. The company has appointed Siddhartha Capital as its issue manager.</p>

<p style="text-align: justify;">Interested investors can apply for the shares from the Headquarter of the company located at Trade Tower, Thapathali, Fidim branch of Saptakoshi Development Bank, Forward Community Micro Finance in Rabirake, Taplejung and Fidim.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-08',
			'modified' => '2016-05-08',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3325',
			'image' => '20160508043908_arun.JPG',
			'article_date' => '2016-05-08 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' => '3489',
			'article_category_id' => '1',
			'title' => 'CNI ‘Our Commitment: For All Nepalis’ Movement Started',
			'sub_title' => '',
			'summary' => 'May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan ‘Our commitment: For all Nepalis’ was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.  The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.',
			'content' => '<p style="text-align: justify;">May 8: The Confederation of Nepalese Industries (CNI) has started signature collection movement to make the commitment to ensure five different issues related to the livings of common people. The signature collection initiative with the slogan &lsquo;Our commitment: For all Nepalis&rsquo; was started amid a program held in Kathmandu on April 6. President of CNI, Hari Bhakta Sharma started the movement by signing on the banners with five different slogans.</p>

<p style="text-align: justify;">The five different slogans include peace and prosperity, employment and development, education and health, water and electricity and self dependence and self respect.</p>

<p style="text-align: justify;">The program hosted the participants like members of the CNI, high ranking government officials, representative from various diplomatic agencies, leaders of civil society, officials of department of defense and individuals of the private sectors. &nbsp;The program also marked the presence of Ex-prime minister and Conveyer of Naya Sakti Nepal, Dr. Baburam Bhattari, Vice President of National Planning Commission, Dr. Yuv Raj Khatiwada, Governor of Nepal Rastra Bank, Dr. Chiranjibi Nepal, Speaker of the Parliament Osni Ghatri Magar, Former-speaker of the Parliament Subash Chandra Nemang, Commerce minister Jayanta Chand and Secretary of Government Dr. Som Lal Subedi, who signed on the designated slogans along with their commitment.</p>

<p style="text-align: justify;">Moreover, Pashupati Murarka, President of FNCCI and other members of FNCCI along with representatives of the Nepal Chamber also signed in the support of the movement.</p>

<p style="text-align: justify;">&ldquo;The private sector is very excited to have the commitment in written forms for the basic issues,&rdquo; said Sharma. The federation has also planned to collect minimum one million signatures and commitment and take them to the policy making and implementation level. According to CNI, they will collect the signatures across the country by assigning certain number of signature to its chapters and member industries to collect. The confederation has also expected the help and support from all the stakeholders. &ldquo;The program will be continued in the coming days,&rdquo; informs CNI.</p>
',
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			'created' => '2016-05-08',
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			'sortorder' => '3324',
			'image' => '20160508034238_pari.jpg',
			'article_date' => '2016-05-08 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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file not found!

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FOREX

Currency	Unit	Buy	Sell
U.S. Dollar	1	121.23	121.83
European Euro	1	131.65	132.31
UK Pound Sterling	1	142.47	143.18
Swiss Franc	1	124.29	124.90
Australian Dollar	1	71.69	72.05
Canadian Dollar	1	83.90	84.32
Japanese Yen	10	10.94	11.00
Chinese Yuan	1	17.17	17.26
Saudi Arabian Riyal	1	32.27	32.43
UAE Dirham	1	33.01	33.17
Malaysian Ringgit	1	27.36	27.50
South Korean Won	100	9.77	9.82

Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)

Bullion

Fine Gold	1 tola	77000.00
Tejabi Gold	1 tola	76700.00
Silver	1 tola	720.00

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00