Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '3152',
			'article_category_id' => '1',
			'title' => 'PM Oli appeals for Chinese investment in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.',
			'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p>

<p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p>

<p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p>

<p>&nbsp;&quot;Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership,&quot; he said.</p>

<p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added.&nbsp;</p>

<p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p>

<p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. &nbsp;</p>

<p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that &nbsp;government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. &nbsp;Prime Minister frther added, &ldquo;Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries&rdquo;. RS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2990',
			'image' => '20160323114833_pm sambodhan.jpg',
			'article_date' => '2016-03-23 00:00:00',
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			'id' => '3151',
			'article_category_id' => '1',
			'title' => 'Geologist excited on discovery of Iron Ore ',
			'sub_title' => '',
			'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3  Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.',
			'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 &nbsp;Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p>

<p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2989',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
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		'Article' => array(
			'id' => '3150',
			'article_category_id' => '1',
			'title' => 'Chinese Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.',
			'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli&rsquo;s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p>

<p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p>

<p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli.&nbsp;</p>
',
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			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2988',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3148',
			'article_category_id' => '1',
			'title' => 'NMB helps oldage home',
			'sub_title' => '',
			'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.',
			'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. &ldquo;The support was held on the occasion of its 20th anniversary celebration, &ldquo;states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2987',
			'image' => '20160321035055_Clipboard19.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '3147',
			'article_category_id' => '1',
			'title' => 'IB directs insurance companies to initiate Micro-insurance',
			'sub_title' => '',
			'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.',
			'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress.&nbsp;</p>

<p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p>

<p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p>

<p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. &nbsp;</p>

<p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. &ldquo;Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,&rdquo; said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. &nbsp;&ldquo;Thus, awareness among targeted group is an important step to be taken.&rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2986',
			'image' => null,
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '3146',
			'article_category_id' => '1',
			'title' => 'Nepal signs transit treaty with China',
			'sub_title' => '',
			'summary' => 'March 21:  Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang  signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.',
			'content' => '<p>March 21: &nbsp;Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang &nbsp;signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p>

<p>According to a press release issued by Pramod Dahal, the Prime Minister&rsquo;s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed.&nbsp;</p>

<p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2985',
			'image' => '20160321013543_pm oli china.jpg',
			'article_date' => '2016-03-21 00:00:00',
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			'id' => '3145',
			'article_category_id' => '1',
			'title' => 'Huawei names Messi as new global brand ambassador',
			'sub_title' => '',
			'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ',
			'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain.&nbsp;</p>

<p>&quot;We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day,&quot; said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p>

<p>&nbsp;&quot;Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion,&quot; Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. &nbsp;</p>

<p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world&rsquo;s third largest smartphone maker in January after Samsung and Apple. The company&rsquo;s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2984',
			'image' => '20160321125016_Clipboard18.jpg',
			'article_date' => '2016-03-21 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3144',
			'article_category_id' => '1',
			'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ',
			'sub_title' => '',
			'summary' => 'March 21:  Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization.  Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ',
			'content' => '<p>March 21: &nbsp;Asian life insurance has introduced Group Term&nbsp;Life Insurance targeting employees working in any organization. &nbsp;Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p>

<p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2983',
			'image' => '20160321113300_Clipboard08.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
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		'Article' => array(
			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
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	(int) 9 => array(
		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
			'published' => true,
			'created' => '2016-03-17',
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			'sortorder' => '2978',
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			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2977',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
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			'sortorder' => '2975',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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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
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Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3152',
			'article_category_id' => '1',
			'title' => 'PM Oli appeals for Chinese investment in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.',
			'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p>

<p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p>

<p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p>

<p>&nbsp;&quot;Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership,&quot; he said.</p>

<p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added.&nbsp;</p>

<p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p>

<p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. &nbsp;</p>

<p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that &nbsp;government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. &nbsp;Prime Minister frther added, &ldquo;Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries&rdquo;. RS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2990',
			'image' => '20160323114833_pm sambodhan.jpg',
			'article_date' => '2016-03-23 00:00:00',
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			'id' => '3151',
			'article_category_id' => '1',
			'title' => 'Geologist excited on discovery of Iron Ore ',
			'sub_title' => '',
			'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3  Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.',
			'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 &nbsp;Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p>

<p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2989',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
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		'Article' => array(
			'id' => '3150',
			'article_category_id' => '1',
			'title' => 'Chinese Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.',
			'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli&rsquo;s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p>

<p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p>

<p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli.&nbsp;</p>
',
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			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2988',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
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			'id' => '3148',
			'article_category_id' => '1',
			'title' => 'NMB helps oldage home',
			'sub_title' => '',
			'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.',
			'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. &ldquo;The support was held on the occasion of its 20th anniversary celebration, &ldquo;states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2987',
			'image' => '20160321035055_Clipboard19.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '3147',
			'article_category_id' => '1',
			'title' => 'IB directs insurance companies to initiate Micro-insurance',
			'sub_title' => '',
			'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.',
			'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress.&nbsp;</p>

<p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p>

<p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p>

<p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. &nbsp;</p>

<p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. &ldquo;Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,&rdquo; said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. &nbsp;&ldquo;Thus, awareness among targeted group is an important step to be taken.&rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2986',
			'image' => null,
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '3146',
			'article_category_id' => '1',
			'title' => 'Nepal signs transit treaty with China',
			'sub_title' => '',
			'summary' => 'March 21:  Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang  signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.',
			'content' => '<p>March 21: &nbsp;Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang &nbsp;signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p>

<p>According to a press release issued by Pramod Dahal, the Prime Minister&rsquo;s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed.&nbsp;</p>

<p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2985',
			'image' => '20160321013543_pm oli china.jpg',
			'article_date' => '2016-03-21 00:00:00',
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		'Article' => array(
			'id' => '3145',
			'article_category_id' => '1',
			'title' => 'Huawei names Messi as new global brand ambassador',
			'sub_title' => '',
			'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ',
			'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain.&nbsp;</p>

<p>&quot;We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day,&quot; said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p>

<p>&nbsp;&quot;Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion,&quot; Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. &nbsp;</p>

<p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world&rsquo;s third largest smartphone maker in January after Samsung and Apple. The company&rsquo;s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2984',
			'image' => '20160321125016_Clipboard18.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
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	(int) 7 => array(
		'Article' => array(
			'id' => '3144',
			'article_category_id' => '1',
			'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ',
			'sub_title' => '',
			'summary' => 'March 21:  Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization.  Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ',
			'content' => '<p>March 21: &nbsp;Asian life insurance has introduced Group Term&nbsp;Life Insurance targeting employees working in any organization. &nbsp;Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p>

<p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers.&nbsp;</p>
',
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			'sortorder' => '2983',
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			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
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			'created' => '2016-03-21',
			'modified' => '2016-03-21',
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			'sortorder' => '2982',
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			'article_date' => '2016-03-21 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
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			'created' => '2016-03-18',
			'modified' => '2016-03-18',
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			'description' => '',
			'sortorder' => '2980',
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			'article_date' => '2016-03-18 00:00:00',
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		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2978',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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		'Article' => array(
			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2977',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
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		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
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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
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Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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	(int) 0 => array(
		'Article' => array(
			'id' => '3152',
			'article_category_id' => '1',
			'title' => 'PM Oli appeals for Chinese investment in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.',
			'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p>

<p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p>

<p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p>

<p>&nbsp;&quot;Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership,&quot; he said.</p>

<p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added.&nbsp;</p>

<p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p>

<p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. &nbsp;</p>

<p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that &nbsp;government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. &nbsp;Prime Minister frther added, &ldquo;Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries&rdquo;. RS</p>
',
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			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2990',
			'image' => '20160323114833_pm sambodhan.jpg',
			'article_date' => '2016-03-23 00:00:00',
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			'id' => '3151',
			'article_category_id' => '1',
			'title' => 'Geologist excited on discovery of Iron Ore ',
			'sub_title' => '',
			'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3  Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.',
			'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 &nbsp;Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p>

<p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2989',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
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		'Article' => array(
			'id' => '3150',
			'article_category_id' => '1',
			'title' => 'Chinese Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.',
			'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli&rsquo;s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p>

<p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p>

<p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli.&nbsp;</p>
',
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			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2988',
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			'id' => '3148',
			'article_category_id' => '1',
			'title' => 'NMB helps oldage home',
			'sub_title' => '',
			'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.',
			'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. &ldquo;The support was held on the occasion of its 20th anniversary celebration, &ldquo;states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p>
',
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			'created' => '2016-03-21',
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			'sortorder' => '2987',
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			'id' => '3147',
			'article_category_id' => '1',
			'title' => 'IB directs insurance companies to initiate Micro-insurance',
			'sub_title' => '',
			'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.',
			'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress.&nbsp;</p>

<p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p>

<p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p>

<p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. &nbsp;</p>

<p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. &ldquo;Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,&rdquo; said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. &nbsp;&ldquo;Thus, awareness among targeted group is an important step to be taken.&rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2986',
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	(int) 5 => array(
		'Article' => array(
			'id' => '3146',
			'article_category_id' => '1',
			'title' => 'Nepal signs transit treaty with China',
			'sub_title' => '',
			'summary' => 'March 21:  Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang  signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.',
			'content' => '<p>March 21: &nbsp;Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang &nbsp;signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p>

<p>According to a press release issued by Pramod Dahal, the Prime Minister&rsquo;s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed.&nbsp;</p>

<p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal.&nbsp;</p>
',
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			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2985',
			'image' => '20160321013543_pm oli china.jpg',
			'article_date' => '2016-03-21 00:00:00',
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		'Article' => array(
			'id' => '3145',
			'article_category_id' => '1',
			'title' => 'Huawei names Messi as new global brand ambassador',
			'sub_title' => '',
			'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ',
			'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain.&nbsp;</p>

<p>&quot;We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day,&quot; said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p>

<p>&nbsp;&quot;Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion,&quot; Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. &nbsp;</p>

<p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world&rsquo;s third largest smartphone maker in January after Samsung and Apple. The company&rsquo;s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. &nbsp;</p>
',
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			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2984',
			'image' => '20160321125016_Clipboard18.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 7 => array(
		'Article' => array(
			'id' => '3144',
			'article_category_id' => '1',
			'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ',
			'sub_title' => '',
			'summary' => 'March 21:  Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization.  Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ',
			'content' => '<p>March 21: &nbsp;Asian life insurance has introduced Group Term&nbsp;Life Insurance targeting employees working in any organization. &nbsp;Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p>

<p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers.&nbsp;</p>
',
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			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2983',
			'image' => '20160321113300_Clipboard08.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2978',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2977',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'article_category_id' => '1',
			'title' => 'PM Oli appeals for Chinese investment in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.',
			'content' => '<p>March 23: Prime Minister KP Sharma Oli has appealed to the Chinese business community and investors to invest in Nepal, now that the atmosphere for the same is favourable with a new constitution and peaceful environment.</p>

<p>Speaking at the Nepal China Investment Forum hosted by the China Council for the Promotion of the International Trade and the Nepali Embassy in Beijing on Tuesday, Prime Minister Oli said Nepal wants to reap benefit by integrating its economy with China in beneficial way. Nepal is now moving ahead towards the path of development and hence provides abundant possibilities for investment. Hydropower, solar energy and wind energy development are the primary attractive sectors of investment, he said.</p>

<p>Stating that cheap labour, liberal policy and easy administrative procedures provide ground for investment in Nepal, Prime Minister Oli also assured for security of investment. He also outlined the benefits of investing in the special economic zones of Nepal.</p>

<p>&nbsp;&quot;Nepal is pursuing a liberal economic policy by letting the private sector to take the helm of economic affairs of the country with it as partner for development and promoting public private partnership,&quot; he said.</p>

<p>In Nepal, there is growing realization that the untapped potentials of the country can be harnessed through the effective mobilization of foreign investment. With a view to improving and facilitating trade and investment, Nepal has reduced tariffs, simplified tax regimes and focused on the development and operation of trade related infrastructure, he added.&nbsp;</p>

<p>Similarly, export and import rules and procedures have been made market based, market friendly, open and liberal. Nepal has made several policy provisions for the foreign investors to provide maximum security to their investment. Minimal tax slabs, no income tax on dividends and export earnings as well as exemption of tax, duty and fee on the products, machinery, equipment, tools and raw materials used by an export industry are some of the policy provisions to ensure high return from FDI, he informed the business community.</p>

<p>Now the country has adopted the single window facility for the foreign investors as the Prime Minister says. Investment Board has been established to facilitate large scale investments. Board negotiates projects and provides one window services. Simplified and liberal visa rules apply to investors and their family members. The same rule is applicable to reinvestment. Foreign companies registered in Nepal can purchase, own and sell land. Law in Nepal ensures that no private industry will be nationalized. Industrial relations have been improved. Labour law is being reformed. &nbsp;</p>

<p>Similarly, establishing the cross border economic zones and port facilities helps facilitate commercial activities. Investing within SEZ has multiple benefits that include flexible and investment friendly labour law, the Prime Minister said, adding that &nbsp;government of both countries were actively considering the development of cross border facilities and establishing SEZ near the border. &nbsp;Prime Minister frther added, &ldquo;Our doors are open for investment in almost every sector. These include manufacturing, hydropower, tourism, services, IT, mining and agro based industries&rdquo;. RS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2990',
			'image' => '20160323114833_pm sambodhan.jpg',
			'article_date' => '2016-03-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '3151',
			'article_category_id' => '1',
			'title' => 'Geologist excited on discovery of Iron Ore ',
			'sub_title' => '',
			'summary' => 'March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3  Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.',
			'content' => '<p>March 23: Geologists team involved in excavation of Iron mining in Nawalparasi Dhauvadi-3 &nbsp;Pokhari are excited on discovery of largest iron mining in Nepal, Narayan Baskota,a member of geologist team stated. The team of 5 has been engaged in the detailed study of Pokhari area since March 10.</p>

<p>About five years ago, a team from the Department of Mine and Geology had found the iron ore deposit in the location. According to the team chief Narendra Maharjan, the team is doing channel sampling, geological survey and drilling which will last for about a month. The mine spreads from Daubadi in the east to Namjakot in Deurali in the west and Rumsi in the south and Lhape of Naram in the north. Geologist involved in the study, have estimated that raw materials worth Rs 2.3 trillion can be produced from the mine stretching over 10 km. RSS</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2989',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3150',
			'article_category_id' => '1',
			'title' => 'Chinese Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli’s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.',
			'content' => '<p>March 23: In a bid to inform Chinese investors about having favorable environment for foreign investment in Nepal, Confederation of Nepalese industry (CNI) has organized a welcome program amid PM Oli&rsquo;s China visit. CNI organized the program in association with Chinese company Hangsi, one of the investor of Shivam Cement, a joint venture project of Nepalese and Chinese investors.</p>

<p>Representatives of government and private sector of Nepal along with Chinese industrialists were among those who attended the program. In the program, Chinese investors showed keen to invest in Nepal. CNI believed that additional Chinese investment will flow to Nepal after the program.</p>

<p>CNI Chairman, Hari Bhakta Sharma is in China visit with PM Oli.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-23',
			'modified' => '2016-03-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2988',
			'image' => null,
			'article_date' => '2016-03-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3148',
			'article_category_id' => '1',
			'title' => 'NMB helps oldage home',
			'sub_title' => '',
			'summary' => 'March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa.',
			'content' => '<p>March 21: NMB Bank has supported elderly people of Kavre. As a part of its corporate social responsibility, the bank distributed blankets and fruits to elderly people living at Buddha Bridhashram, Banepa. &ldquo;The support was held on the occasion of its 20th anniversary celebration, &ldquo;states a press statement by the bank. The bank has been providing its services through 69 branches, 46 ATM and 7 extension counters across the country.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2987',
			'image' => '20160321035055_Clipboard19.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3147',
			'article_category_id' => '1',
			'title' => 'IB directs insurance companies to initiate Micro-insurance',
			'sub_title' => '',
			'summary' => 'March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance.',
			'content' => '<p>March 21: Insurance Board (IB) has directed insurance companies to initiate Micro-insurance schemes to target low income earners. IB has directed companies to develop two types of insurance scheme under life insurance and three types of insurance schemes under non-life insurance. According to Rajuraman Poudel, Director of IB, the board has already developed structure of non-life insurance policies, while the final structure of life-insurance policies is in progress.&nbsp;</p>

<p>As per Micro Insurance Directive 2071, the board has launched household micro-insurance, health micro-insurance and personal micro-insurance under non-life insurance. Similarly, fixed-term and term micro life insurances have been launched under life insurance. IB has directed companies to issue such insurance schemes in low-income groups and rural area only.</p>

<p>As per the directive, household micro insurance will cover amount up to Rs 200,000 under which homes and properties can be insured. Insurer need to pay 0.25 percent premium of total insurance amount under property insurance. Similarly, the health micro-insurance will cover amount up to Rs 35,000 per family of five for which the insurer are required to pay 4 percent premium of total insurance amount.</p>

<p>Likewise, maximum insurance amount for accidental micro-insurance will be Rs 150,000 and will be charged 0.1 percent premium. Under life insurance, fixed-term micro life insurance will cover maximum of Rs 150,000 insurance amount and term micro-life insurance will cover Rs 100,000. Meanwhile, the amount to be charged in life insurance scheme is yet to finalize by the board. &nbsp;</p>

<p>Insurers welcomed the IB directive while also point to the challenges the policy may face in the future. &ldquo;Though micro-insurance program a good concept, issuance of policies might be a bigger challenge as good understanding of importance of insurance is seen lacking in educated Nepalis, let alone the low-income earners and illiterate people,&rdquo; said Bijay Bahadur Shah, Chairman of Insurance Association of Nepal. &nbsp;&ldquo;Thus, awareness among targeted group is an important step to be taken.&rdquo;&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2986',
			'image' => null,
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3146',
			'article_category_id' => '1',
			'title' => 'Nepal signs transit treaty with China',
			'sub_title' => '',
			'summary' => 'March 21:  Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang  signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.',
			'content' => '<p>March 21: &nbsp;Prime Minsiter KP Shama Oli and his Chinese counterpart Li Keqiang &nbsp;signed various important agreements including transit treaty amid a meeting at the Great Hall of the People, China on Sunday.</p>

<p>According to a press release issued by Pramod Dahal, the Prime Minister&rsquo;s press advisor, the agreements regarding installing solar grids at 32 thousand houses, agreement on soft loan, loan agreement for construction of Pokhara Airport, agreement on exploration of gas and petroleum in Nepal, agreement on construction of a bridge in Hilsa, transit and transport agreement and free trade agreement among others have been signed.&nbsp;</p>

<p>On the occasion, the two leaders discussed on further deepening the Nepal-China relations as well as on various aspects of Chinese possible cooperation to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2985',
			'image' => '20160321013543_pm oli china.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3145',
			'article_category_id' => '1',
			'title' => 'Huawei names Messi as new global brand ambassador',
			'sub_title' => '',
			'summary' => 'March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain. ',
			'content' => '<p>March 21: The Chinese telecommunications equipment and service company Huawei has appointed Argentine football superstar Lionel Messi as its new brand ambassador. The company on 17 March made the aanouncement amid a program in Barcelona, Spain.&nbsp;</p>

<p>&quot;We are happy to announce our collaboration with extraordinary individual who inspires people all over the world to pursue their dreams, to face challenges to become better with each day,&quot; said Tyrone Liu, CEO of Consumer Business Group for Huawei Latin America.</p>

<p>&nbsp;&quot;Lionel Messi will help our brand encourage people to focus, preserve and breakthrough; to connect with greatness, especially in Europe, Asia and Latin America, where Huawei puts great devotion,&quot; Huawei Consumer Business Group President for handset business Kevin Ho said in a statement. &nbsp;</p>

<p>The association with FC Barcelona striker is considered important for Huawei as the company has been trying to expand its foothold in Europe and Latin America. The Chinese tech giant became the world&rsquo;s third largest smartphone maker in January after Samsung and Apple. The company&rsquo;s global market share of smartphones rose to 8.4 percent from 6.2 percent in 2015, according to a report by international data and analytics firm TendForce. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2984',
			'image' => '20160321125016_Clipboard18.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3144',
			'article_category_id' => '1',
			'title' => 'Asian Life’s Combined Endowment Life Insurance scheme ',
			'sub_title' => '',
			'summary' => 'March 21:  Asian life insurance has introduced Group Term Life Insurance targeting employees working in any organization.  Under Combined Endowment Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. ',
			'content' => '<p>March 21: &nbsp;Asian life insurance has introduced Group Term&nbsp;Life Insurance targeting employees working in any organization. &nbsp;Under Group Term Life Insurance, employees working for any particular organizations can jointly purchase endowment life insurance policies in discounted premium. Employees serving more than 6 months in an organization are eligible for the scheme of Rs. 50,000 up to Rs. 5,000,000 and will also enjoy accidental benefits.</p>

<p>Company is operating various insurance schemes like Asian Endowment Plan, Asian Moneyback, Asian Endowment And Whole Life, Asian Child Endowment, Asian Foreign Employment, Pension Plan, Jeevan Ratna And Joint Life (Dampatti Suraksha) targeting different customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2983',
			'image' => '20160321113300_Clipboard08.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2978',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '1'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2977',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2975',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '1'
		)
	)
)
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