January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January…
January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January…
January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies.…
January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of…
The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal.…
January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski…
January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition…
January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk…
January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in…
January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA)…
January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his…
January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the…
Three local levels have closed schools in the wake of rising cold in Mahottari district. Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from…
January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable…
The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on…
January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19957', 'article_category_id' => '1', 'title' => 'FMTCL Starts Manufacturing and Supply of 'Fortified Rice' ', 'sub_title' => '', 'summary' => 'January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While launching the distribution of the rice on Wednesday, Minister for Industry, Commerce, and Supplies, Ramesh Rijal said the entire Nepali citizens will have access to the rice enriched with nutritional values. This initiative aims to realise the sustainable development goals- 2030 by addressing the issue of malnutrition in the country, according to the minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Rijal said adding nutritional values to food and the giving priority to the locally available foods are the main concerns of the government in view of the implementing the fundamental rights of the citizens guaranteed by Article 36 of the constitution.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Health and Population is peaparing to promote public awareness on the benefits from the consumption of the 'fortified rice'. The Ministry of Industry, Commerce and Supplies shall come up with policy arrangements for the manufacturing and supplies of this rice. It will be made available at a subsidized price. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Department of Food Technology and Quality Control will handle the criteria for rice production and the regulation of food purity and quality. The government will have technical support from the World Food Programme for the manufacturing and supplies of rice with increased nutritional values. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is worth noting that despite improvements in the status of nutrition in Nepal lately, the rate of malnutrition caused by the deficiency of micronutrients still remains high. According to the Nepal Demographic and Health Survey-2022, 43% of children under the age of five still suffer from anaemia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the survey shows that 34% of women of reproductive age and 39% of adolescent girls are affected by severe anaemic health complications. The study highlights that 25% of children under the age of five experience stunted growth and 19% have low weight issues. Deficiencies of essential micronutrients such as iron, vitamin B12, and folic acid are prevalent among the population of various age groups. Nepal has expressed commitments to minimizing all forms of malnutrition to achieve the SDGs by 2030. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19685', 'image' => '20240111125145_1694460-fortfied-rice.jpg', 'article_date' => '2024-01-11 12:48:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19956', 'article_category_id' => '1', 'title' => 'Dairy Farmers Call for Timely Payment ', 'sub_title' => '', 'summary' => 'January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. Organizing a press conference in Bharatpur on Wednesday, the dairy farmers warned that they would have to abandon the dairy business if they do not get their due payment. They also put five different demands before the agencies concerned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The demands include concessional loans, insurance facility and facilitation of milk production-based subsidies given by the Bagmati provincial government among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President of Chitwan District Milk Producers' Cooperative Association, Kishore Bagaa, lamented that the concerned agencies remain apathetic towards solving the problems of the dairy farmers in Chitwan. He also cited problems in the marketing of milk and dairy products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problem is getting more complicated due to the delay in payment to the dairy farmers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The dairy sector was moving towards self-sufficiency but the state policy has not been encouraging to the dairy farmers, said the association’s Secretary, Kalyan Adhikari. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19683', 'image' => '20240111120032_20231117124706_1700193855.1667860642.w.jpg', 'article_date' => '2024-01-11 11:58:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19955', 'article_category_id' => '1', 'title' => 'Cricketer Sandeep Lamichhane gets Eight-Year Jail Sentence', 'sub_title' => '', 'summary' => 'January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane, a vital member of the national cricket team, has also been ordered to pay a compensation of Rs 500,000 in fine and compensation to the victim girl. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state news agency RSS, District Court Judge Sishi Raj Dhakal had issued the verdict earlier on December 29 convicting Lamichhane in the rape case. The sentence was announced only on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane was arrested from Tribhuvan International Airport on October 6, 2022 after a complaint was filed against him for allegedly raping a minor on September 6, 2022. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The twenty-three-year-old left arm spinner is a former captain of the Nepali national cricket team. He raised quite a few eyebrows when he made his debut in the money-spinning Indian Premier League in 2018 as a teenager. He also has the experience of playing in Australia’s Big Bash and other major leagues worldwide. He is also the highest ODI wicket-taker for Nepal.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19682', 'image' => '20240111112742_sandeep-lamichhane-in-ipl.jpeg', 'article_date' => '2024-01-11 11:26:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19954', 'article_category_id' => '1', 'title' => 'WB Projects 5 Per Cent Economic Growth Rate in 2024/25', 'sub_title' => '', 'summary' => 'The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 11: The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The anticipated growth is attributed to improvements in the industry and service sectors, supported by a flexible monetary policy and the removal of restrictions on selected imports. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite these positive indicators, the global economy is expected to face ongoing challenges in 2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Factors contributing to the subdued global economic outlook include the adoption of tight monetary policies by central banks of major economies and a sluggish recovery in world trade and investment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The global economic growth rate is projected at 2.4 percent in 2024, reflecting the persisting pressures on the international economic landscape.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, concerns such as inflation and high-interest rates are expected to have adverse effects on consumers and the monetary market. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19681', 'image' => '20240111061049_collage (8).jpg', 'article_date' => '2024-01-11 06:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19953', 'article_category_id' => '1', 'title' => 'Promoters of Upper Modi 'A' Hydropower Project Confirm Financial Closure', 'sub_title' => '', 'summary' => 'January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Modi Hydropower Company Ltd, the promoter of the project, said that NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have decided to invest in the project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Of the estimated cost of Rs 10.57 billion including interest to be incurred during the construction period, 70 percent of the cost would be managed from loan and 30 per cent from equity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have pledged to invest Rs 7.40 billion including the interest for the construction period. Of the total investment, NMB Bank will invest Rs 4.40 billion and HIDCL Rs 3 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A tripartite loan agreement was signed among the promoter company, Modi Hydropower Company Ltd, NMB Bank and HIDCL in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet on Tuesday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the occasion, Minister Basnet said the government has been carrying out activities for increasing internal consumption of power produced in the country and is effortful to sell the surplus power to India and Bangladesh.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Energy Secretary Gopal Sigdel informed that discussions are being held on further expanding and strengthening the Nepal-India infrastructures for exporting power produced within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NEA executive-director and Chair of Modi Hydropower Company, Kulman Ghising said hydropower development in Nepal would make a leap in the coming days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"NEA is now moving ahead toward developing big hydropower projects. Works are being carried out for the financial management of the 1061-megawatt capacity Upper Arun and the 635-megawatt capacity Dudhkoshi Reservoir Hydropower Project within 2024," he said, adding that projects capable of producing electricity of around 16,000 megawatts are in the process of either study, construction or in the phase of initiating construction after mobilizing funds. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">HIDCL chief executive officer Arjun Gautam stressed that the power developers and promoters should work to dispel the notion that power projects are not constructed within the stipulated time. He said the company was ready to mobilize the funds required for fulfilling the government's goal of producing 28,000 megawatts electricity by 2035.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> NMB Bank’s chief executive officer Sunil KC said it is an opportunity for NMB Bank to invest in the Upper Modi 'A' Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> The project officials said that they have set the target to complete the construction of the project within four years from the start of the construction works. Preparatory works for the construction of the project are being carried out so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The same promoter company will also construct the 18.2 megawatts Upper Modi Hydropower Project. -- RSS</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19680', 'image' => '20240110025712_hydro.jpg', 'article_date' => '2024-01-10 14:56:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19951', 'article_category_id' => '1', 'title' => 'Locals Agree not to Disrupt Construction of Nagadhunga Tunnel', 'sub_title' => '', 'summary' => 'January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.', 'content' => '<p><span style="font-size:18px">January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.</span></p> <p><span style="font-size:18px">The locals had halted the construction of the tunnel due to the dispute over land ownership and compensation.</span></p> <p><span style="font-size:18px">On Tuesday, the locals agreed not to obstruct the work after holding discussion with Minister for Physical Infrastructure and Transport Prakash Jwala.</span></p> <p><span style="font-size:18px">Sushilbabu Dhakal, director general of Department of Roads, who was also present during the discussion, informed that the project work has resumed after resolving the dispute related to land ownership and compensation.</span></p> <p><span style="font-size:18px">The construction of the tunnel was stopped after a dispute surfaced as to whether the land in the Dhading section of the project belonged to the government or to the local residents. The agitating locals agreed to the government’s proposal that the Department of Roads will improve the roads and drains in the localoty, and discuss the land ownership dispute with the District Administration Office and the Land Revenue Office, Dhading.</span></p> <p><span style="font-size:18px">The work of concrete lining inside the tunnel was stopped due to the obstruction created by the local residents.</span></p> <p><span style="font-size:18px">During Tuesday’s discussion, Minister Jwala assured that the problem of land ownership and compensation will be resolved within the scope of the law. The locals also expressed their commitment not to stop the construction work of the tunnel.</span></p> <p><span style="font-size:18px">The project informed that only 80 meters of the main tunnel of 2.68 kilometers is left to be dug. According to the progress report released by the project on December 27, the physical progress of the project stands at 67.61 percent and the financial progress is 62.49 percent.</span></p> <p><span style="font-size:18px">The project has been stopped many times due to land-related dispute. So far, the project has built three underpasses along with the emergency tunnel. Four box culverts, one overpass and three bridges have also been constructed. The flyover is still under construction.</span></p> <p><span style="font-size:18px">The Government of Nepal had reached an agreement with the Japan International Cooperation Agency (JICA) to construct the Nagadhunga-Naubise tunnel measuring 5.7 kilometers in length including the main tunnel of 2.7 kilometers in 3 and a half years. The foundation stone of the project was laid on October 21, 2019.</span></p> <p><span style="font-size:18px">The project is being undertaken with the concessional loan provided by the Government of Japan. The total investment for the project is estimated to be around Rs 22 billion. JICA will invest Rs 16 billion while the Government of Nepal will contribute Rs 6 billion.</span></p> <p><span style="font-size:18px">The tunnel will be of 2.7 kilometers long and will have two flyovers. The project will also cover 3 kilometers of road.</span></p> <p><span style="font-size:18px">The Thankot-Naubise road section is currently 9 kilometers long. The distance will be shortened to 5.7 kilometers once the tunnel is constructed.</span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19678', 'image' => '20240110121234_20221012035751_20220708015827_Untitled.jpg', 'article_date' => '2024-01-10 12:11:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19950', 'article_category_id' => '1', 'title' => 'Government Instructs NEA to Reconnect Power Supply Lines to Industries', 'sub_title' => 'Committee formed to investigate tariff dispute of dedicated feeder and trunk line', 'summary' => 'January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line. A meeting of the council of ministers on Tuesday decided to instruct the authority to reconnect electricity supply lines to those industries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The cabinet meeting also decided to form a committee to investigate the tariff dispute of dedicated feeder and trunk line. The Council of Ministers decided to form robe committee headed by former Supreme Court justice, Girish Chandra Lal. Joint secretaries of the Ministry of Industry, Commerce and Supplies and the Ministry of Energy are the members of the committee. The committee has been mandated to submit a report on the issues regarding the tariff dispute of the dedicated feeder and trunk line. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Infrastructure Development Committee of the House of Representatives also held a meeting on Tuesday to discuss the dispute related to electricity tariff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Kulman Ghising, executive director of the NEA, claimed that the industries consumed electricity </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hours a day from the dedicated feeder and trunk line between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2072</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> when the general public was facing load-shedding.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the industries need to pay the additional tariff for the electricity consumed at that time. Ghising said that industrialists cannot be exempted under any pretext and there is no option than to pay the electricity tariff.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government’s latest directive has played the spoilsport in NEA’s attempts to recover the dues from the industries at any cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the authority, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have yet to pay Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion for consuming electricity using the dedicated feeders and trunk lines. The NEA has cut the lines of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">5 industries since December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> due to non-payment of dues. Among them, after Himal Steel paid the first installment of arrears last Monday, the authority resumed electricity supply. The authority issued a public notice on Tuesday and made arrangements for paying the dues in installments.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the Council of Ministers has instructed to form a committee to resolve the dispute, the NEA officials have taken a stance that they cannot reconnect electricity supply lines until the industries pay the installment of the arrears. NEA Spokesman Suresh Bhattarai said that the authority is not in favor of connecting the line under any circumstances, even if the Council of Ministers decides to reconnect the lines.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The industrialists on the other hand complain that they are incurring losses worth millions of rupees daily due to the NEA’s decision to disconnect electricity supply. They are lobbying with political leadership to reconnect the supply lines and resolve the dispute.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19677', 'image' => '20240110114607_1704769343.1703994624.1612736027.Clipboard12.jpg', 'article_date' => '2024-01-10 11:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19949', 'article_category_id' => '1', 'title' => 'JN.1 Variant of COVID-19 Highly Transmissible: MoHP ', 'sub_title' => '', 'summary' => 'January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Dr Rudra Prasad Marasini, director of the Epidemiology and Diseases Control Division under the Ministry of Health and Population (MoHP), the transmission rate of this new variant from one person to another is higher compared to other variants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The transmission rate of JN.1 is higher in the cities since due to crowds. The fatality rate and complications of the infection are, however, low,” said Dr Marasini. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the JN.1 sub-variant was detected in seven out of 16 samples tested in the National Public Health Laboratory on Monday. The JN.1 is the latest variant of Omicron. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Since the new sub-variant is highly transmissible, the MoHP has urged one and all to exercise precautionary measures in crowded places by wearing face masks, maintaining physical distance and keeping hands clean by washing frequently among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In view of increasing infection rate of the new sub-variant of Coronavirus, the ministry said that it had been conducting screening of suspected people in the entry points through the health desks set up at the border areas. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19676', 'image' => '20240110093642_coronaaaaa.jpg', 'article_date' => '2024-01-10 09:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19946', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Receives IOSA Certificate ', 'sub_title' => '', 'summary' => 'January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate. This achievement makes Himalaya Airlines the first Nepali airlines company to be certified with the IOSA under the International Air Transport Association (IATA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The certificate was granted for the airlines' initiative to strengthen the safety standards of the aviation sector. The IATA certified the airlines with IOSA in December, 2023 which will be valid until March 3, 2025, according to the Himalaya Airlines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It makes the airlines' safety standards on par with the safety standards of the international airlines companies in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a press conference organized on Tuesday, Himalaya Airlines' Vice-Chairperson Bijay Shrestha said that the registration of the airlines in the IOSA was not only an achievement of the airline company but also of the aviation sector and the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nabina Karmacharya, deputy director-general of the Aviation Safety and Security Regulation Directorate of the Civil Aviation Authority of Nepal said that the achievement of Himalaya Airlines was the matter of pride for the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A joint venture of Nepal and China, the airlines was established in 2014 and operates flights in major countries in the Middle East and South Asia such as the UAE, Malaysia, Qatar, Saudi Arabia, Kuwait, Bangladesh and five major cities in China including Beijing with its four aircraft. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Himalaya Airlines, IOSA, IATA, certificate, safety', 'description' => '', 'sortorder' => '19675', 'image' => '20240110090529_20231119112252_g576szqpnac61.jpg', 'article_date' => '2024-01-10 09:04:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19948', 'article_category_id' => '1', 'title' => 'Police Arrest Fugitive Ram Bahadur Bamjan from Budhanilkantha', 'sub_title' => '', 'summary' => 'January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers. Bamjan, who was in the most-wanted list of Nepal Police, was arrested from the northern outskirts of Kathmandu on Tuesday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A squad from the Central Investigation Bureau of Nepal Police nabbed Bamjan from Budhanilkantha area in Kathmandu, Nepal Police Spokesperson Deputy Inspector General (DIG) Kuber Kadayat told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"A team of police held Bamjan from Budhanilkantha area at 7:00 pm today (Tuesday)," RSS quoted DIG Kadayat as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Police was searching for Bamjan for years after the police received complaints about the missing of four persons including a lady monk from his ashram in Sindhuli. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Ram, Bahadur, Bamjan, fugitive, arrest', 'description' => '', 'sortorder' => '19674', 'image' => '20240110090917_sddefault.jpg', 'article_date' => '2024-01-10 09:08:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19947', 'article_category_id' => '1', 'title' => ''Cent Percent Literacy in Five Years’', 'sub_title' => '', 'summary' => 'January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has set a target to increase the literacy rate to 100 percent in the age group of five years and above within the next five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The concept was put forth in a discussion held on Monday and Tuesday on the draft of 16th periodic plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Planning Commission, currently the literacy rate in the age of five and above group is 76.2 only. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The target is being set to increase the literacy to cent percent by the end of the 16th plan or the fiscal year of 2085/86. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the plan has put forward the target to ensure access to internet in all schools to improve teaching learning. Though there is access to internet for teaching and learning in urban schools, it has not been accessible at all schools across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The internet access rate now is 35.9 percent and it would be increased to cent percent in five years, the draft proposes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the targets set in the draft have yet to be finalized, said NPC member Dr Ramesh Chandra Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC has also pitched an idea to increase the education sector budget to 17 percent. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19673', 'image' => '20240110090652_dp2(2).jpg', 'article_date' => '2024-01-10 09:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19945', 'article_category_id' => '1', 'title' => 'Freezing Cold Shuts Schools in Mahottari ', 'sub_title' => '', 'summary' => 'Three local levels have closed schools in the wake of rising cold in Mahottari district. Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. ', 'content' => '<p><span style="font-size:20px">January 10: Three local levels have closed schools in the wake of rising cold in Mahottari district. </span></p> <p><span style="font-size:20px">Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. </span></p> <p><span style="font-size:20px">The local levels shared information about school closure by issuing notices. <br /> Chairman of Sonama rural municipality, Bisheshwor Yadav, informed that the schools were closed to save children from freezing cold affecting their health.</span></p> <p><span style="font-size:20px">Similarly, Ramgopal municipality mayor Ram Dular Saha said closure of school could help children escape cold related problems. </span></p> <p><span style="font-size:20px">Meanwhile, various schools have reported sharp decline in students' attendance due to cold for some days in the district. (RSS) </span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19672', 'image' => '20240110055909_collage (7).jpg', 'article_date' => '2024-01-10 05:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19939', 'article_category_id' => '1', 'title' => 'Banks have more than Rs 600 Billion of Investable Capital', 'sub_title' => '', 'summary' => 'January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital. Liquidity of the banks has increased significantly compared to deposit collection due to non-disbursement of loans. Liquidity is increasing even though Nepal Rastra Bank has continuously mopped excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the central bank, BFIs have collected deposits of Rs 6085 billion and provided loans of Rs 5033 billion as of Saturday. The average credit-deposit ratio (CD ratio) of banks dropped to 79.96 percent on Saturday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision that banks can give loans by maintaining this ratio up to 90 percent, the banks have the capacity to extend loans of Rs 610 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank’s Deputy Spokesperson Dr Dilliram Pokharel says that there is more liquidity in the banking system as the expansion of credit flow has been lower than deposit collection in the current fiscal year (FY). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Due to the increase in remittance inflow, the deposit growth rate of banks has increased in the current fiscal year," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NRB, the bank deposits increased by Rs 314 billion in the current fiscal year while loans isbursement increased by s 155 billion only.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While reviewing the monetary policy, the central bank reduced the policy rate and revised the lending policy in areas such as real estate, shares, and vehicles. Subsequently, banks also reduced the interest rates on loans. However, credit flow has not increased relatively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As there is more liquidity in the market, the central bank is constantly mopping excess liquidity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has started mopping excess liquidity through deposit collection equipment from November 22. The central bank has mopped Rs 282.20 billion of liquidity from the market 18 times by January 4. The central bank is also issuing deposit collection equipment worth Rs 35 billion for a period of 14 days on Tuesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to excess liquidity, banks are forced to maintain the daily average interbank interest rate within the limits of the corridor. The interbank interest rate remained within the limits of the corridor after four months on last Tuesday, but it went down again from Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Sunday, the interbank interest rate remained at 2.664 percent. According to the provisions of the corridor, this interest rate should be maintained at a minimum of 3 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the 'Interest Rate Corridor Procedure 2076', there is a provision to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The Nepal Rastra Bank has fixed the deposit collection rate at 3 percent through the first quarterly review of the current fiscal year's monetary policy. Earlier this rate was 4.5 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19666', 'image' => '20240109035705_Banks - Copy.jpg', 'article_date' => '2024-01-09 15:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19938', 'article_category_id' => '1', 'title' => 'NEPSE Surges by 20.62 Points to Close at 2080.12', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 9: The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 309 scrips were traded, involving 104,619 transactions. The shares market witnessed a transaction of 17,949,562 units of shares, amounting to Rs 6.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) took the lead in turnover, with transactions totaling Rs 21 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, eight companies, including Karnali Development Bank (KRBL), Sindhu Bikash Bank (SINDU), and Himalayan Reinsurance Limited (HRL), experienced a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Conversely, Dhaulagiri Laghubita Bittiya Sanstha (DLBS) faced the highest loss of 8.19%, closing at a market price of Rs 931 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all indices, except for Hydropower, Manufacturing, and Processing and Mutual Fund, closed in positive territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Development Bank Index saw a robust gain of 5.21%, while Nonlife Insurance experienced a modest 0.60% increase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Hydropower Index suffered the most significant loss at 0.45%, while Manufacturing and Processing incurred a minimal loss of 0.15%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19665', 'image' => '20240109033550_collage (16).jpg', 'article_date' => '2024-01-09 15:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19937', 'article_category_id' => '1', 'title' => 'Cooperative’s Manager, Staff Arrested for Embezzling Rs 1.21 Billion of Depositors ', 'sub_title' => '', 'summary' => 'January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Metropolitan Police Circle, Bouddha, arrested Chairperson of the Cooperative, Hari Krishna Shrestha of Gokarneshwor municipality-4, former Chairperson and patron, Prem Shrestha, Treasurer Sher Lal Shrestha and Manager Rajendra Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">All of them have been kept at Gokarna Police Sector building under the Circle, said Senior Sub-Inspector at the Sector, Rajesh Karki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Ram Das Shrestha, secretary of the cooperative’s Board of Directors, members Anirudra Shrestha and Radheshyam Shrestha as well as coordinator of the Account Committee, Chandra Prasad Poudel have been absconding. Police have issued arrest warrant in their names. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Proprietors of the cooperative have embezzled Rs 1.21 billion of 7,700 depositors, said chairperson of the taskforce under the Cooperative Victim Struggle Committee, Rajesh Kumar Bista. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">PM instructs Finance Ministry to bring concrete proposal on failing cooperatives </span></strong></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal has instructed the Ministry of Finance to come up with a concrete proposal for the systematic resolution of the problems faced by the depositors of cooperatives, as hundreds of thousands of them have suffered of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During an interaction at the Office of the Prime Minister and Council of Ministers on Monday, the Prime Minister directed to submit an appropriate proposal to take concrete measures to troubleshoot the challenges that cooperatives are facing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Hundreds of thousands of depositors have suffered since the problems of the cooperatives have not been addressed. They are left stranded," the PM said asking the Finance Ministry to come up with a concrete proposal. </span></span></span><br /> </p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19664', 'image' => '20240109020909_cooperative problematic.jpg', 'article_date' => '2024-01-09 14:08:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19957', 'article_category_id' => '1', 'title' => 'FMTCL Starts Manufacturing and Supply of 'Fortified Rice' ', 'sub_title' => '', 'summary' => 'January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While launching the distribution of the rice on Wednesday, Minister for Industry, Commerce, and Supplies, Ramesh Rijal said the entire Nepali citizens will have access to the rice enriched with nutritional values. This initiative aims to realise the sustainable development goals- 2030 by addressing the issue of malnutrition in the country, according to the minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Rijal said adding nutritional values to food and the giving priority to the locally available foods are the main concerns of the government in view of the implementing the fundamental rights of the citizens guaranteed by Article 36 of the constitution.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Health and Population is peaparing to promote public awareness on the benefits from the consumption of the 'fortified rice'. The Ministry of Industry, Commerce and Supplies shall come up with policy arrangements for the manufacturing and supplies of this rice. It will be made available at a subsidized price. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Department of Food Technology and Quality Control will handle the criteria for rice production and the regulation of food purity and quality. The government will have technical support from the World Food Programme for the manufacturing and supplies of rice with increased nutritional values. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is worth noting that despite improvements in the status of nutrition in Nepal lately, the rate of malnutrition caused by the deficiency of micronutrients still remains high. According to the Nepal Demographic and Health Survey-2022, 43% of children under the age of five still suffer from anaemia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the survey shows that 34% of women of reproductive age and 39% of adolescent girls are affected by severe anaemic health complications. The study highlights that 25% of children under the age of five experience stunted growth and 19% have low weight issues. Deficiencies of essential micronutrients such as iron, vitamin B12, and folic acid are prevalent among the population of various age groups. Nepal has expressed commitments to minimizing all forms of malnutrition to achieve the SDGs by 2030. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19685', 'image' => '20240111125145_1694460-fortfied-rice.jpg', 'article_date' => '2024-01-11 12:48:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19956', 'article_category_id' => '1', 'title' => 'Dairy Farmers Call for Timely Payment ', 'sub_title' => '', 'summary' => 'January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. Organizing a press conference in Bharatpur on Wednesday, the dairy farmers warned that they would have to abandon the dairy business if they do not get their due payment. They also put five different demands before the agencies concerned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The demands include concessional loans, insurance facility and facilitation of milk production-based subsidies given by the Bagmati provincial government among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President of Chitwan District Milk Producers' Cooperative Association, Kishore Bagaa, lamented that the concerned agencies remain apathetic towards solving the problems of the dairy farmers in Chitwan. He also cited problems in the marketing of milk and dairy products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problem is getting more complicated due to the delay in payment to the dairy farmers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The dairy sector was moving towards self-sufficiency but the state policy has not been encouraging to the dairy farmers, said the association’s Secretary, Kalyan Adhikari. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19683', 'image' => '20240111120032_20231117124706_1700193855.1667860642.w.jpg', 'article_date' => '2024-01-11 11:58:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19955', 'article_category_id' => '1', 'title' => 'Cricketer Sandeep Lamichhane gets Eight-Year Jail Sentence', 'sub_title' => '', 'summary' => 'January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane, a vital member of the national cricket team, has also been ordered to pay a compensation of Rs 500,000 in fine and compensation to the victim girl. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state news agency RSS, District Court Judge Sishi Raj Dhakal had issued the verdict earlier on December 29 convicting Lamichhane in the rape case. The sentence was announced only on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane was arrested from Tribhuvan International Airport on October 6, 2022 after a complaint was filed against him for allegedly raping a minor on September 6, 2022. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The twenty-three-year-old left arm spinner is a former captain of the Nepali national cricket team. He raised quite a few eyebrows when he made his debut in the money-spinning Indian Premier League in 2018 as a teenager. He also has the experience of playing in Australia’s Big Bash and other major leagues worldwide. He is also the highest ODI wicket-taker for Nepal.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19682', 'image' => '20240111112742_sandeep-lamichhane-in-ipl.jpeg', 'article_date' => '2024-01-11 11:26:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19954', 'article_category_id' => '1', 'title' => 'WB Projects 5 Per Cent Economic Growth Rate in 2024/25', 'sub_title' => '', 'summary' => 'The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 11: The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The anticipated growth is attributed to improvements in the industry and service sectors, supported by a flexible monetary policy and the removal of restrictions on selected imports. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite these positive indicators, the global economy is expected to face ongoing challenges in 2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Factors contributing to the subdued global economic outlook include the adoption of tight monetary policies by central banks of major economies and a sluggish recovery in world trade and investment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The global economic growth rate is projected at 2.4 percent in 2024, reflecting the persisting pressures on the international economic landscape.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, concerns such as inflation and high-interest rates are expected to have adverse effects on consumers and the monetary market. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19681', 'image' => '20240111061049_collage (8).jpg', 'article_date' => '2024-01-11 06:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19953', 'article_category_id' => '1', 'title' => 'Promoters of Upper Modi 'A' Hydropower Project Confirm Financial Closure', 'sub_title' => '', 'summary' => 'January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Modi Hydropower Company Ltd, the promoter of the project, said that NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have decided to invest in the project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Of the estimated cost of Rs 10.57 billion including interest to be incurred during the construction period, 70 percent of the cost would be managed from loan and 30 per cent from equity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have pledged to invest Rs 7.40 billion including the interest for the construction period. Of the total investment, NMB Bank will invest Rs 4.40 billion and HIDCL Rs 3 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A tripartite loan agreement was signed among the promoter company, Modi Hydropower Company Ltd, NMB Bank and HIDCL in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet on Tuesday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the occasion, Minister Basnet said the government has been carrying out activities for increasing internal consumption of power produced in the country and is effortful to sell the surplus power to India and Bangladesh.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Energy Secretary Gopal Sigdel informed that discussions are being held on further expanding and strengthening the Nepal-India infrastructures for exporting power produced within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NEA executive-director and Chair of Modi Hydropower Company, Kulman Ghising said hydropower development in Nepal would make a leap in the coming days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"NEA is now moving ahead toward developing big hydropower projects. Works are being carried out for the financial management of the 1061-megawatt capacity Upper Arun and the 635-megawatt capacity Dudhkoshi Reservoir Hydropower Project within 2024," he said, adding that projects capable of producing electricity of around 16,000 megawatts are in the process of either study, construction or in the phase of initiating construction after mobilizing funds. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">HIDCL chief executive officer Arjun Gautam stressed that the power developers and promoters should work to dispel the notion that power projects are not constructed within the stipulated time. He said the company was ready to mobilize the funds required for fulfilling the government's goal of producing 28,000 megawatts electricity by 2035.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> NMB Bank’s chief executive officer Sunil KC said it is an opportunity for NMB Bank to invest in the Upper Modi 'A' Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> The project officials said that they have set the target to complete the construction of the project within four years from the start of the construction works. Preparatory works for the construction of the project are being carried out so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The same promoter company will also construct the 18.2 megawatts Upper Modi Hydropower Project. -- RSS</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19680', 'image' => '20240110025712_hydro.jpg', 'article_date' => '2024-01-10 14:56:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19951', 'article_category_id' => '1', 'title' => 'Locals Agree not to Disrupt Construction of Nagadhunga Tunnel', 'sub_title' => '', 'summary' => 'January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.', 'content' => '<p><span style="font-size:18px">January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.</span></p> <p><span style="font-size:18px">The locals had halted the construction of the tunnel due to the dispute over land ownership and compensation.</span></p> <p><span style="font-size:18px">On Tuesday, the locals agreed not to obstruct the work after holding discussion with Minister for Physical Infrastructure and Transport Prakash Jwala.</span></p> <p><span style="font-size:18px">Sushilbabu Dhakal, director general of Department of Roads, who was also present during the discussion, informed that the project work has resumed after resolving the dispute related to land ownership and compensation.</span></p> <p><span style="font-size:18px">The construction of the tunnel was stopped after a dispute surfaced as to whether the land in the Dhading section of the project belonged to the government or to the local residents. The agitating locals agreed to the government’s proposal that the Department of Roads will improve the roads and drains in the localoty, and discuss the land ownership dispute with the District Administration Office and the Land Revenue Office, Dhading.</span></p> <p><span style="font-size:18px">The work of concrete lining inside the tunnel was stopped due to the obstruction created by the local residents.</span></p> <p><span style="font-size:18px">During Tuesday’s discussion, Minister Jwala assured that the problem of land ownership and compensation will be resolved within the scope of the law. The locals also expressed their commitment not to stop the construction work of the tunnel.</span></p> <p><span style="font-size:18px">The project informed that only 80 meters of the main tunnel of 2.68 kilometers is left to be dug. According to the progress report released by the project on December 27, the physical progress of the project stands at 67.61 percent and the financial progress is 62.49 percent.</span></p> <p><span style="font-size:18px">The project has been stopped many times due to land-related dispute. So far, the project has built three underpasses along with the emergency tunnel. Four box culverts, one overpass and three bridges have also been constructed. The flyover is still under construction.</span></p> <p><span style="font-size:18px">The Government of Nepal had reached an agreement with the Japan International Cooperation Agency (JICA) to construct the Nagadhunga-Naubise tunnel measuring 5.7 kilometers in length including the main tunnel of 2.7 kilometers in 3 and a half years. The foundation stone of the project was laid on October 21, 2019.</span></p> <p><span style="font-size:18px">The project is being undertaken with the concessional loan provided by the Government of Japan. The total investment for the project is estimated to be around Rs 22 billion. JICA will invest Rs 16 billion while the Government of Nepal will contribute Rs 6 billion.</span></p> <p><span style="font-size:18px">The tunnel will be of 2.7 kilometers long and will have two flyovers. The project will also cover 3 kilometers of road.</span></p> <p><span style="font-size:18px">The Thankot-Naubise road section is currently 9 kilometers long. The distance will be shortened to 5.7 kilometers once the tunnel is constructed.</span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19678', 'image' => '20240110121234_20221012035751_20220708015827_Untitled.jpg', 'article_date' => '2024-01-10 12:11:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19950', 'article_category_id' => '1', 'title' => 'Government Instructs NEA to Reconnect Power Supply Lines to Industries', 'sub_title' => 'Committee formed to investigate tariff dispute of dedicated feeder and trunk line', 'summary' => 'January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line. A meeting of the council of ministers on Tuesday decided to instruct the authority to reconnect electricity supply lines to those industries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The cabinet meeting also decided to form a committee to investigate the tariff dispute of dedicated feeder and trunk line. The Council of Ministers decided to form robe committee headed by former Supreme Court justice, Girish Chandra Lal. Joint secretaries of the Ministry of Industry, Commerce and Supplies and the Ministry of Energy are the members of the committee. The committee has been mandated to submit a report on the issues regarding the tariff dispute of the dedicated feeder and trunk line. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Infrastructure Development Committee of the House of Representatives also held a meeting on Tuesday to discuss the dispute related to electricity tariff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Kulman Ghising, executive director of the NEA, claimed that the industries consumed electricity </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hours a day from the dedicated feeder and trunk line between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2072</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> when the general public was facing load-shedding.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the industries need to pay the additional tariff for the electricity consumed at that time. Ghising said that industrialists cannot be exempted under any pretext and there is no option than to pay the electricity tariff.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government’s latest directive has played the spoilsport in NEA’s attempts to recover the dues from the industries at any cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the authority, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have yet to pay Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion for consuming electricity using the dedicated feeders and trunk lines. The NEA has cut the lines of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">5 industries since December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> due to non-payment of dues. Among them, after Himal Steel paid the first installment of arrears last Monday, the authority resumed electricity supply. The authority issued a public notice on Tuesday and made arrangements for paying the dues in installments.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the Council of Ministers has instructed to form a committee to resolve the dispute, the NEA officials have taken a stance that they cannot reconnect electricity supply lines until the industries pay the installment of the arrears. NEA Spokesman Suresh Bhattarai said that the authority is not in favor of connecting the line under any circumstances, even if the Council of Ministers decides to reconnect the lines.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The industrialists on the other hand complain that they are incurring losses worth millions of rupees daily due to the NEA’s decision to disconnect electricity supply. They are lobbying with political leadership to reconnect the supply lines and resolve the dispute.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19677', 'image' => '20240110114607_1704769343.1703994624.1612736027.Clipboard12.jpg', 'article_date' => '2024-01-10 11:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19949', 'article_category_id' => '1', 'title' => 'JN.1 Variant of COVID-19 Highly Transmissible: MoHP ', 'sub_title' => '', 'summary' => 'January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Dr Rudra Prasad Marasini, director of the Epidemiology and Diseases Control Division under the Ministry of Health and Population (MoHP), the transmission rate of this new variant from one person to another is higher compared to other variants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The transmission rate of JN.1 is higher in the cities since due to crowds. The fatality rate and complications of the infection are, however, low,” said Dr Marasini. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the JN.1 sub-variant was detected in seven out of 16 samples tested in the National Public Health Laboratory on Monday. The JN.1 is the latest variant of Omicron. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Since the new sub-variant is highly transmissible, the MoHP has urged one and all to exercise precautionary measures in crowded places by wearing face masks, maintaining physical distance and keeping hands clean by washing frequently among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In view of increasing infection rate of the new sub-variant of Coronavirus, the ministry said that it had been conducting screening of suspected people in the entry points through the health desks set up at the border areas. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19676', 'image' => '20240110093642_coronaaaaa.jpg', 'article_date' => '2024-01-10 09:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19946', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Receives IOSA Certificate ', 'sub_title' => '', 'summary' => 'January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate. This achievement makes Himalaya Airlines the first Nepali airlines company to be certified with the IOSA under the International Air Transport Association (IATA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The certificate was granted for the airlines' initiative to strengthen the safety standards of the aviation sector. The IATA certified the airlines with IOSA in December, 2023 which will be valid until March 3, 2025, according to the Himalaya Airlines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It makes the airlines' safety standards on par with the safety standards of the international airlines companies in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a press conference organized on Tuesday, Himalaya Airlines' Vice-Chairperson Bijay Shrestha said that the registration of the airlines in the IOSA was not only an achievement of the airline company but also of the aviation sector and the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nabina Karmacharya, deputy director-general of the Aviation Safety and Security Regulation Directorate of the Civil Aviation Authority of Nepal said that the achievement of Himalaya Airlines was the matter of pride for the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A joint venture of Nepal and China, the airlines was established in 2014 and operates flights in major countries in the Middle East and South Asia such as the UAE, Malaysia, Qatar, Saudi Arabia, Kuwait, Bangladesh and five major cities in China including Beijing with its four aircraft. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Himalaya Airlines, IOSA, IATA, certificate, safety', 'description' => '', 'sortorder' => '19675', 'image' => '20240110090529_20231119112252_g576szqpnac61.jpg', 'article_date' => '2024-01-10 09:04:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19948', 'article_category_id' => '1', 'title' => 'Police Arrest Fugitive Ram Bahadur Bamjan from Budhanilkantha', 'sub_title' => '', 'summary' => 'January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers. Bamjan, who was in the most-wanted list of Nepal Police, was arrested from the northern outskirts of Kathmandu on Tuesday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A squad from the Central Investigation Bureau of Nepal Police nabbed Bamjan from Budhanilkantha area in Kathmandu, Nepal Police Spokesperson Deputy Inspector General (DIG) Kuber Kadayat told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"A team of police held Bamjan from Budhanilkantha area at 7:00 pm today (Tuesday)," RSS quoted DIG Kadayat as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Police was searching for Bamjan for years after the police received complaints about the missing of four persons including a lady monk from his ashram in Sindhuli. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Ram, Bahadur, Bamjan, fugitive, arrest', 'description' => '', 'sortorder' => '19674', 'image' => '20240110090917_sddefault.jpg', 'article_date' => '2024-01-10 09:08:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19947', 'article_category_id' => '1', 'title' => ''Cent Percent Literacy in Five Years’', 'sub_title' => '', 'summary' => 'January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has set a target to increase the literacy rate to 100 percent in the age group of five years and above within the next five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The concept was put forth in a discussion held on Monday and Tuesday on the draft of 16th periodic plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Planning Commission, currently the literacy rate in the age of five and above group is 76.2 only. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The target is being set to increase the literacy to cent percent by the end of the 16th plan or the fiscal year of 2085/86. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the plan has put forward the target to ensure access to internet in all schools to improve teaching learning. Though there is access to internet for teaching and learning in urban schools, it has not been accessible at all schools across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The internet access rate now is 35.9 percent and it would be increased to cent percent in five years, the draft proposes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the targets set in the draft have yet to be finalized, said NPC member Dr Ramesh Chandra Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC has also pitched an idea to increase the education sector budget to 17 percent. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19673', 'image' => '20240110090652_dp2(2).jpg', 'article_date' => '2024-01-10 09:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19945', 'article_category_id' => '1', 'title' => 'Freezing Cold Shuts Schools in Mahottari ', 'sub_title' => '', 'summary' => 'Three local levels have closed schools in the wake of rising cold in Mahottari district. Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. ', 'content' => '<p><span style="font-size:20px">January 10: Three local levels have closed schools in the wake of rising cold in Mahottari district. </span></p> <p><span style="font-size:20px">Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. </span></p> <p><span style="font-size:20px">The local levels shared information about school closure by issuing notices. <br /> Chairman of Sonama rural municipality, Bisheshwor Yadav, informed that the schools were closed to save children from freezing cold affecting their health.</span></p> <p><span style="font-size:20px">Similarly, Ramgopal municipality mayor Ram Dular Saha said closure of school could help children escape cold related problems. </span></p> <p><span style="font-size:20px">Meanwhile, various schools have reported sharp decline in students' attendance due to cold for some days in the district. (RSS) </span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19672', 'image' => '20240110055909_collage (7).jpg', 'article_date' => '2024-01-10 05:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19939', 'article_category_id' => '1', 'title' => 'Banks have more than Rs 600 Billion of Investable Capital', 'sub_title' => '', 'summary' => 'January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital. Liquidity of the banks has increased significantly compared to deposit collection due to non-disbursement of loans. Liquidity is increasing even though Nepal Rastra Bank has continuously mopped excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the central bank, BFIs have collected deposits of Rs 6085 billion and provided loans of Rs 5033 billion as of Saturday. The average credit-deposit ratio (CD ratio) of banks dropped to 79.96 percent on Saturday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision that banks can give loans by maintaining this ratio up to 90 percent, the banks have the capacity to extend loans of Rs 610 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank’s Deputy Spokesperson Dr Dilliram Pokharel says that there is more liquidity in the banking system as the expansion of credit flow has been lower than deposit collection in the current fiscal year (FY). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Due to the increase in remittance inflow, the deposit growth rate of banks has increased in the current fiscal year," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NRB, the bank deposits increased by Rs 314 billion in the current fiscal year while loans isbursement increased by s 155 billion only.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While reviewing the monetary policy, the central bank reduced the policy rate and revised the lending policy in areas such as real estate, shares, and vehicles. Subsequently, banks also reduced the interest rates on loans. However, credit flow has not increased relatively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As there is more liquidity in the market, the central bank is constantly mopping excess liquidity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has started mopping excess liquidity through deposit collection equipment from November 22. The central bank has mopped Rs 282.20 billion of liquidity from the market 18 times by January 4. The central bank is also issuing deposit collection equipment worth Rs 35 billion for a period of 14 days on Tuesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to excess liquidity, banks are forced to maintain the daily average interbank interest rate within the limits of the corridor. The interbank interest rate remained within the limits of the corridor after four months on last Tuesday, but it went down again from Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Sunday, the interbank interest rate remained at 2.664 percent. According to the provisions of the corridor, this interest rate should be maintained at a minimum of 3 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the 'Interest Rate Corridor Procedure 2076', there is a provision to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The Nepal Rastra Bank has fixed the deposit collection rate at 3 percent through the first quarterly review of the current fiscal year's monetary policy. Earlier this rate was 4.5 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19666', 'image' => '20240109035705_Banks - Copy.jpg', 'article_date' => '2024-01-09 15:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19938', 'article_category_id' => '1', 'title' => 'NEPSE Surges by 20.62 Points to Close at 2080.12', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 9: The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 309 scrips were traded, involving 104,619 transactions. The shares market witnessed a transaction of 17,949,562 units of shares, amounting to Rs 6.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) took the lead in turnover, with transactions totaling Rs 21 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, eight companies, including Karnali Development Bank (KRBL), Sindhu Bikash Bank (SINDU), and Himalayan Reinsurance Limited (HRL), experienced a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Conversely, Dhaulagiri Laghubita Bittiya Sanstha (DLBS) faced the highest loss of 8.19%, closing at a market price of Rs 931 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all indices, except for Hydropower, Manufacturing, and Processing and Mutual Fund, closed in positive territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Development Bank Index saw a robust gain of 5.21%, while Nonlife Insurance experienced a modest 0.60% increase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Hydropower Index suffered the most significant loss at 0.45%, while Manufacturing and Processing incurred a minimal loss of 0.15%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19665', 'image' => '20240109033550_collage (16).jpg', 'article_date' => '2024-01-09 15:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19937', 'article_category_id' => '1', 'title' => 'Cooperative’s Manager, Staff Arrested for Embezzling Rs 1.21 Billion of Depositors ', 'sub_title' => '', 'summary' => 'January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Metropolitan Police Circle, Bouddha, arrested Chairperson of the Cooperative, Hari Krishna Shrestha of Gokarneshwor municipality-4, former Chairperson and patron, Prem Shrestha, Treasurer Sher Lal Shrestha and Manager Rajendra Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">All of them have been kept at Gokarna Police Sector building under the Circle, said Senior Sub-Inspector at the Sector, Rajesh Karki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Ram Das Shrestha, secretary of the cooperative’s Board of Directors, members Anirudra Shrestha and Radheshyam Shrestha as well as coordinator of the Account Committee, Chandra Prasad Poudel have been absconding. Police have issued arrest warrant in their names. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Proprietors of the cooperative have embezzled Rs 1.21 billion of 7,700 depositors, said chairperson of the taskforce under the Cooperative Victim Struggle Committee, Rajesh Kumar Bista. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">PM instructs Finance Ministry to bring concrete proposal on failing cooperatives </span></strong></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal has instructed the Ministry of Finance to come up with a concrete proposal for the systematic resolution of the problems faced by the depositors of cooperatives, as hundreds of thousands of them have suffered of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During an interaction at the Office of the Prime Minister and Council of Ministers on Monday, the Prime Minister directed to submit an appropriate proposal to take concrete measures to troubleshoot the challenges that cooperatives are facing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Hundreds of thousands of depositors have suffered since the problems of the cooperatives have not been addressed. They are left stranded," the PM said asking the Finance Ministry to come up with a concrete proposal. </span></span></span><br /> </p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19664', 'image' => '20240109020909_cooperative problematic.jpg', 'article_date' => '2024-01-09 14:08:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19957', 'article_category_id' => '1', 'title' => 'FMTCL Starts Manufacturing and Supply of 'Fortified Rice' ', 'sub_title' => '', 'summary' => 'January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While launching the distribution of the rice on Wednesday, Minister for Industry, Commerce, and Supplies, Ramesh Rijal said the entire Nepali citizens will have access to the rice enriched with nutritional values. This initiative aims to realise the sustainable development goals- 2030 by addressing the issue of malnutrition in the country, according to the minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Rijal said adding nutritional values to food and the giving priority to the locally available foods are the main concerns of the government in view of the implementing the fundamental rights of the citizens guaranteed by Article 36 of the constitution.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Health and Population is peaparing to promote public awareness on the benefits from the consumption of the 'fortified rice'. The Ministry of Industry, Commerce and Supplies shall come up with policy arrangements for the manufacturing and supplies of this rice. It will be made available at a subsidized price. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Department of Food Technology and Quality Control will handle the criteria for rice production and the regulation of food purity and quality. The government will have technical support from the World Food Programme for the manufacturing and supplies of rice with increased nutritional values. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is worth noting that despite improvements in the status of nutrition in Nepal lately, the rate of malnutrition caused by the deficiency of micronutrients still remains high. According to the Nepal Demographic and Health Survey-2022, 43% of children under the age of five still suffer from anaemia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the survey shows that 34% of women of reproductive age and 39% of adolescent girls are affected by severe anaemic health complications. The study highlights that 25% of children under the age of five experience stunted growth and 19% have low weight issues. Deficiencies of essential micronutrients such as iron, vitamin B12, and folic acid are prevalent among the population of various age groups. Nepal has expressed commitments to minimizing all forms of malnutrition to achieve the SDGs by 2030. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19685', 'image' => '20240111125145_1694460-fortfied-rice.jpg', 'article_date' => '2024-01-11 12:48:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19956', 'article_category_id' => '1', 'title' => 'Dairy Farmers Call for Timely Payment ', 'sub_title' => '', 'summary' => 'January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. Organizing a press conference in Bharatpur on Wednesday, the dairy farmers warned that they would have to abandon the dairy business if they do not get their due payment. They also put five different demands before the agencies concerned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The demands include concessional loans, insurance facility and facilitation of milk production-based subsidies given by the Bagmati provincial government among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President of Chitwan District Milk Producers' Cooperative Association, Kishore Bagaa, lamented that the concerned agencies remain apathetic towards solving the problems of the dairy farmers in Chitwan. He also cited problems in the marketing of milk and dairy products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problem is getting more complicated due to the delay in payment to the dairy farmers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The dairy sector was moving towards self-sufficiency but the state policy has not been encouraging to the dairy farmers, said the association’s Secretary, Kalyan Adhikari. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19683', 'image' => '20240111120032_20231117124706_1700193855.1667860642.w.jpg', 'article_date' => '2024-01-11 11:58:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19955', 'article_category_id' => '1', 'title' => 'Cricketer Sandeep Lamichhane gets Eight-Year Jail Sentence', 'sub_title' => '', 'summary' => 'January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane, a vital member of the national cricket team, has also been ordered to pay a compensation of Rs 500,000 in fine and compensation to the victim girl. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state news agency RSS, District Court Judge Sishi Raj Dhakal had issued the verdict earlier on December 29 convicting Lamichhane in the rape case. The sentence was announced only on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane was arrested from Tribhuvan International Airport on October 6, 2022 after a complaint was filed against him for allegedly raping a minor on September 6, 2022. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The twenty-three-year-old left arm spinner is a former captain of the Nepali national cricket team. He raised quite a few eyebrows when he made his debut in the money-spinning Indian Premier League in 2018 as a teenager. He also has the experience of playing in Australia’s Big Bash and other major leagues worldwide. He is also the highest ODI wicket-taker for Nepal.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19682', 'image' => '20240111112742_sandeep-lamichhane-in-ipl.jpeg', 'article_date' => '2024-01-11 11:26:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19954', 'article_category_id' => '1', 'title' => 'WB Projects 5 Per Cent Economic Growth Rate in 2024/25', 'sub_title' => '', 'summary' => 'The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 11: The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The anticipated growth is attributed to improvements in the industry and service sectors, supported by a flexible monetary policy and the removal of restrictions on selected imports. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite these positive indicators, the global economy is expected to face ongoing challenges in 2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Factors contributing to the subdued global economic outlook include the adoption of tight monetary policies by central banks of major economies and a sluggish recovery in world trade and investment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The global economic growth rate is projected at 2.4 percent in 2024, reflecting the persisting pressures on the international economic landscape.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, concerns such as inflation and high-interest rates are expected to have adverse effects on consumers and the monetary market. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19681', 'image' => '20240111061049_collage (8).jpg', 'article_date' => '2024-01-11 06:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19953', 'article_category_id' => '1', 'title' => 'Promoters of Upper Modi 'A' Hydropower Project Confirm Financial Closure', 'sub_title' => '', 'summary' => 'January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Modi Hydropower Company Ltd, the promoter of the project, said that NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have decided to invest in the project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Of the estimated cost of Rs 10.57 billion including interest to be incurred during the construction period, 70 percent of the cost would be managed from loan and 30 per cent from equity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have pledged to invest Rs 7.40 billion including the interest for the construction period. Of the total investment, NMB Bank will invest Rs 4.40 billion and HIDCL Rs 3 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A tripartite loan agreement was signed among the promoter company, Modi Hydropower Company Ltd, NMB Bank and HIDCL in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet on Tuesday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the occasion, Minister Basnet said the government has been carrying out activities for increasing internal consumption of power produced in the country and is effortful to sell the surplus power to India and Bangladesh.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Energy Secretary Gopal Sigdel informed that discussions are being held on further expanding and strengthening the Nepal-India infrastructures for exporting power produced within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NEA executive-director and Chair of Modi Hydropower Company, Kulman Ghising said hydropower development in Nepal would make a leap in the coming days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"NEA is now moving ahead toward developing big hydropower projects. Works are being carried out for the financial management of the 1061-megawatt capacity Upper Arun and the 635-megawatt capacity Dudhkoshi Reservoir Hydropower Project within 2024," he said, adding that projects capable of producing electricity of around 16,000 megawatts are in the process of either study, construction or in the phase of initiating construction after mobilizing funds. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">HIDCL chief executive officer Arjun Gautam stressed that the power developers and promoters should work to dispel the notion that power projects are not constructed within the stipulated time. He said the company was ready to mobilize the funds required for fulfilling the government's goal of producing 28,000 megawatts electricity by 2035.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> NMB Bank’s chief executive officer Sunil KC said it is an opportunity for NMB Bank to invest in the Upper Modi 'A' Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> The project officials said that they have set the target to complete the construction of the project within four years from the start of the construction works. Preparatory works for the construction of the project are being carried out so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The same promoter company will also construct the 18.2 megawatts Upper Modi Hydropower Project. -- RSS</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19680', 'image' => '20240110025712_hydro.jpg', 'article_date' => '2024-01-10 14:56:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19951', 'article_category_id' => '1', 'title' => 'Locals Agree not to Disrupt Construction of Nagadhunga Tunnel', 'sub_title' => '', 'summary' => 'January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.', 'content' => '<p><span style="font-size:18px">January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.</span></p> <p><span style="font-size:18px">The locals had halted the construction of the tunnel due to the dispute over land ownership and compensation.</span></p> <p><span style="font-size:18px">On Tuesday, the locals agreed not to obstruct the work after holding discussion with Minister for Physical Infrastructure and Transport Prakash Jwala.</span></p> <p><span style="font-size:18px">Sushilbabu Dhakal, director general of Department of Roads, who was also present during the discussion, informed that the project work has resumed after resolving the dispute related to land ownership and compensation.</span></p> <p><span style="font-size:18px">The construction of the tunnel was stopped after a dispute surfaced as to whether the land in the Dhading section of the project belonged to the government or to the local residents. The agitating locals agreed to the government’s proposal that the Department of Roads will improve the roads and drains in the localoty, and discuss the land ownership dispute with the District Administration Office and the Land Revenue Office, Dhading.</span></p> <p><span style="font-size:18px">The work of concrete lining inside the tunnel was stopped due to the obstruction created by the local residents.</span></p> <p><span style="font-size:18px">During Tuesday’s discussion, Minister Jwala assured that the problem of land ownership and compensation will be resolved within the scope of the law. The locals also expressed their commitment not to stop the construction work of the tunnel.</span></p> <p><span style="font-size:18px">The project informed that only 80 meters of the main tunnel of 2.68 kilometers is left to be dug. According to the progress report released by the project on December 27, the physical progress of the project stands at 67.61 percent and the financial progress is 62.49 percent.</span></p> <p><span style="font-size:18px">The project has been stopped many times due to land-related dispute. So far, the project has built three underpasses along with the emergency tunnel. Four box culverts, one overpass and three bridges have also been constructed. The flyover is still under construction.</span></p> <p><span style="font-size:18px">The Government of Nepal had reached an agreement with the Japan International Cooperation Agency (JICA) to construct the Nagadhunga-Naubise tunnel measuring 5.7 kilometers in length including the main tunnel of 2.7 kilometers in 3 and a half years. The foundation stone of the project was laid on October 21, 2019.</span></p> <p><span style="font-size:18px">The project is being undertaken with the concessional loan provided by the Government of Japan. The total investment for the project is estimated to be around Rs 22 billion. JICA will invest Rs 16 billion while the Government of Nepal will contribute Rs 6 billion.</span></p> <p><span style="font-size:18px">The tunnel will be of 2.7 kilometers long and will have two flyovers. The project will also cover 3 kilometers of road.</span></p> <p><span style="font-size:18px">The Thankot-Naubise road section is currently 9 kilometers long. The distance will be shortened to 5.7 kilometers once the tunnel is constructed.</span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19678', 'image' => '20240110121234_20221012035751_20220708015827_Untitled.jpg', 'article_date' => '2024-01-10 12:11:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19950', 'article_category_id' => '1', 'title' => 'Government Instructs NEA to Reconnect Power Supply Lines to Industries', 'sub_title' => 'Committee formed to investigate tariff dispute of dedicated feeder and trunk line', 'summary' => 'January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line. A meeting of the council of ministers on Tuesday decided to instruct the authority to reconnect electricity supply lines to those industries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The cabinet meeting also decided to form a committee to investigate the tariff dispute of dedicated feeder and trunk line. The Council of Ministers decided to form robe committee headed by former Supreme Court justice, Girish Chandra Lal. Joint secretaries of the Ministry of Industry, Commerce and Supplies and the Ministry of Energy are the members of the committee. The committee has been mandated to submit a report on the issues regarding the tariff dispute of the dedicated feeder and trunk line. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Infrastructure Development Committee of the House of Representatives also held a meeting on Tuesday to discuss the dispute related to electricity tariff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Kulman Ghising, executive director of the NEA, claimed that the industries consumed electricity </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hours a day from the dedicated feeder and trunk line between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2072</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> when the general public was facing load-shedding.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the industries need to pay the additional tariff for the electricity consumed at that time. Ghising said that industrialists cannot be exempted under any pretext and there is no option than to pay the electricity tariff.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government’s latest directive has played the spoilsport in NEA’s attempts to recover the dues from the industries at any cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the authority, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have yet to pay Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion for consuming electricity using the dedicated feeders and trunk lines. The NEA has cut the lines of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">5 industries since December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> due to non-payment of dues. Among them, after Himal Steel paid the first installment of arrears last Monday, the authority resumed electricity supply. The authority issued a public notice on Tuesday and made arrangements for paying the dues in installments.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the Council of Ministers has instructed to form a committee to resolve the dispute, the NEA officials have taken a stance that they cannot reconnect electricity supply lines until the industries pay the installment of the arrears. NEA Spokesman Suresh Bhattarai said that the authority is not in favor of connecting the line under any circumstances, even if the Council of Ministers decides to reconnect the lines.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The industrialists on the other hand complain that they are incurring losses worth millions of rupees daily due to the NEA’s decision to disconnect electricity supply. They are lobbying with political leadership to reconnect the supply lines and resolve the dispute.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19677', 'image' => '20240110114607_1704769343.1703994624.1612736027.Clipboard12.jpg', 'article_date' => '2024-01-10 11:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19949', 'article_category_id' => '1', 'title' => 'JN.1 Variant of COVID-19 Highly Transmissible: MoHP ', 'sub_title' => '', 'summary' => 'January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Dr Rudra Prasad Marasini, director of the Epidemiology and Diseases Control Division under the Ministry of Health and Population (MoHP), the transmission rate of this new variant from one person to another is higher compared to other variants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The transmission rate of JN.1 is higher in the cities since due to crowds. The fatality rate and complications of the infection are, however, low,” said Dr Marasini. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the JN.1 sub-variant was detected in seven out of 16 samples tested in the National Public Health Laboratory on Monday. The JN.1 is the latest variant of Omicron. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Since the new sub-variant is highly transmissible, the MoHP has urged one and all to exercise precautionary measures in crowded places by wearing face masks, maintaining physical distance and keeping hands clean by washing frequently among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In view of increasing infection rate of the new sub-variant of Coronavirus, the ministry said that it had been conducting screening of suspected people in the entry points through the health desks set up at the border areas. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19676', 'image' => '20240110093642_coronaaaaa.jpg', 'article_date' => '2024-01-10 09:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19946', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Receives IOSA Certificate ', 'sub_title' => '', 'summary' => 'January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate. This achievement makes Himalaya Airlines the first Nepali airlines company to be certified with the IOSA under the International Air Transport Association (IATA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The certificate was granted for the airlines' initiative to strengthen the safety standards of the aviation sector. The IATA certified the airlines with IOSA in December, 2023 which will be valid until March 3, 2025, according to the Himalaya Airlines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It makes the airlines' safety standards on par with the safety standards of the international airlines companies in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a press conference organized on Tuesday, Himalaya Airlines' Vice-Chairperson Bijay Shrestha said that the registration of the airlines in the IOSA was not only an achievement of the airline company but also of the aviation sector and the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nabina Karmacharya, deputy director-general of the Aviation Safety and Security Regulation Directorate of the Civil Aviation Authority of Nepal said that the achievement of Himalaya Airlines was the matter of pride for the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A joint venture of Nepal and China, the airlines was established in 2014 and operates flights in major countries in the Middle East and South Asia such as the UAE, Malaysia, Qatar, Saudi Arabia, Kuwait, Bangladesh and five major cities in China including Beijing with its four aircraft. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Himalaya Airlines, IOSA, IATA, certificate, safety', 'description' => '', 'sortorder' => '19675', 'image' => '20240110090529_20231119112252_g576szqpnac61.jpg', 'article_date' => '2024-01-10 09:04:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19948', 'article_category_id' => '1', 'title' => 'Police Arrest Fugitive Ram Bahadur Bamjan from Budhanilkantha', 'sub_title' => '', 'summary' => 'January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers. Bamjan, who was in the most-wanted list of Nepal Police, was arrested from the northern outskirts of Kathmandu on Tuesday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A squad from the Central Investigation Bureau of Nepal Police nabbed Bamjan from Budhanilkantha area in Kathmandu, Nepal Police Spokesperson Deputy Inspector General (DIG) Kuber Kadayat told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"A team of police held Bamjan from Budhanilkantha area at 7:00 pm today (Tuesday)," RSS quoted DIG Kadayat as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Police was searching for Bamjan for years after the police received complaints about the missing of four persons including a lady monk from his ashram in Sindhuli. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Ram, Bahadur, Bamjan, fugitive, arrest', 'description' => '', 'sortorder' => '19674', 'image' => '20240110090917_sddefault.jpg', 'article_date' => '2024-01-10 09:08:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19947', 'article_category_id' => '1', 'title' => ''Cent Percent Literacy in Five Years’', 'sub_title' => '', 'summary' => 'January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has set a target to increase the literacy rate to 100 percent in the age group of five years and above within the next five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The concept was put forth in a discussion held on Monday and Tuesday on the draft of 16th periodic plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Planning Commission, currently the literacy rate in the age of five and above group is 76.2 only. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The target is being set to increase the literacy to cent percent by the end of the 16th plan or the fiscal year of 2085/86. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the plan has put forward the target to ensure access to internet in all schools to improve teaching learning. Though there is access to internet for teaching and learning in urban schools, it has not been accessible at all schools across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The internet access rate now is 35.9 percent and it would be increased to cent percent in five years, the draft proposes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the targets set in the draft have yet to be finalized, said NPC member Dr Ramesh Chandra Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC has also pitched an idea to increase the education sector budget to 17 percent. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19673', 'image' => '20240110090652_dp2(2).jpg', 'article_date' => '2024-01-10 09:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19945', 'article_category_id' => '1', 'title' => 'Freezing Cold Shuts Schools in Mahottari ', 'sub_title' => '', 'summary' => 'Three local levels have closed schools in the wake of rising cold in Mahottari district. Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. ', 'content' => '<p><span style="font-size:20px">January 10: Three local levels have closed schools in the wake of rising cold in Mahottari district. </span></p> <p><span style="font-size:20px">Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. </span></p> <p><span style="font-size:20px">The local levels shared information about school closure by issuing notices. <br /> Chairman of Sonama rural municipality, Bisheshwor Yadav, informed that the schools were closed to save children from freezing cold affecting their health.</span></p> <p><span style="font-size:20px">Similarly, Ramgopal municipality mayor Ram Dular Saha said closure of school could help children escape cold related problems. </span></p> <p><span style="font-size:20px">Meanwhile, various schools have reported sharp decline in students' attendance due to cold for some days in the district. (RSS) </span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19672', 'image' => '20240110055909_collage (7).jpg', 'article_date' => '2024-01-10 05:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19939', 'article_category_id' => '1', 'title' => 'Banks have more than Rs 600 Billion of Investable Capital', 'sub_title' => '', 'summary' => 'January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital. Liquidity of the banks has increased significantly compared to deposit collection due to non-disbursement of loans. Liquidity is increasing even though Nepal Rastra Bank has continuously mopped excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the central bank, BFIs have collected deposits of Rs 6085 billion and provided loans of Rs 5033 billion as of Saturday. The average credit-deposit ratio (CD ratio) of banks dropped to 79.96 percent on Saturday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision that banks can give loans by maintaining this ratio up to 90 percent, the banks have the capacity to extend loans of Rs 610 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank’s Deputy Spokesperson Dr Dilliram Pokharel says that there is more liquidity in the banking system as the expansion of credit flow has been lower than deposit collection in the current fiscal year (FY). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Due to the increase in remittance inflow, the deposit growth rate of banks has increased in the current fiscal year," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NRB, the bank deposits increased by Rs 314 billion in the current fiscal year while loans isbursement increased by s 155 billion only.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While reviewing the monetary policy, the central bank reduced the policy rate and revised the lending policy in areas such as real estate, shares, and vehicles. Subsequently, banks also reduced the interest rates on loans. However, credit flow has not increased relatively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As there is more liquidity in the market, the central bank is constantly mopping excess liquidity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has started mopping excess liquidity through deposit collection equipment from November 22. The central bank has mopped Rs 282.20 billion of liquidity from the market 18 times by January 4. The central bank is also issuing deposit collection equipment worth Rs 35 billion for a period of 14 days on Tuesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to excess liquidity, banks are forced to maintain the daily average interbank interest rate within the limits of the corridor. The interbank interest rate remained within the limits of the corridor after four months on last Tuesday, but it went down again from Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Sunday, the interbank interest rate remained at 2.664 percent. According to the provisions of the corridor, this interest rate should be maintained at a minimum of 3 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the 'Interest Rate Corridor Procedure 2076', there is a provision to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The Nepal Rastra Bank has fixed the deposit collection rate at 3 percent through the first quarterly review of the current fiscal year's monetary policy. Earlier this rate was 4.5 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19666', 'image' => '20240109035705_Banks - Copy.jpg', 'article_date' => '2024-01-09 15:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19938', 'article_category_id' => '1', 'title' => 'NEPSE Surges by 20.62 Points to Close at 2080.12', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 9: The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 309 scrips were traded, involving 104,619 transactions. The shares market witnessed a transaction of 17,949,562 units of shares, amounting to Rs 6.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) took the lead in turnover, with transactions totaling Rs 21 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, eight companies, including Karnali Development Bank (KRBL), Sindhu Bikash Bank (SINDU), and Himalayan Reinsurance Limited (HRL), experienced a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Conversely, Dhaulagiri Laghubita Bittiya Sanstha (DLBS) faced the highest loss of 8.19%, closing at a market price of Rs 931 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all indices, except for Hydropower, Manufacturing, and Processing and Mutual Fund, closed in positive territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Development Bank Index saw a robust gain of 5.21%, while Nonlife Insurance experienced a modest 0.60% increase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Hydropower Index suffered the most significant loss at 0.45%, while Manufacturing and Processing incurred a minimal loss of 0.15%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19665', 'image' => '20240109033550_collage (16).jpg', 'article_date' => '2024-01-09 15:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19937', 'article_category_id' => '1', 'title' => 'Cooperative’s Manager, Staff Arrested for Embezzling Rs 1.21 Billion of Depositors ', 'sub_title' => '', 'summary' => 'January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Metropolitan Police Circle, Bouddha, arrested Chairperson of the Cooperative, Hari Krishna Shrestha of Gokarneshwor municipality-4, former Chairperson and patron, Prem Shrestha, Treasurer Sher Lal Shrestha and Manager Rajendra Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">All of them have been kept at Gokarna Police Sector building under the Circle, said Senior Sub-Inspector at the Sector, Rajesh Karki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Ram Das Shrestha, secretary of the cooperative’s Board of Directors, members Anirudra Shrestha and Radheshyam Shrestha as well as coordinator of the Account Committee, Chandra Prasad Poudel have been absconding. Police have issued arrest warrant in their names. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Proprietors of the cooperative have embezzled Rs 1.21 billion of 7,700 depositors, said chairperson of the taskforce under the Cooperative Victim Struggle Committee, Rajesh Kumar Bista. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">PM instructs Finance Ministry to bring concrete proposal on failing cooperatives </span></strong></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal has instructed the Ministry of Finance to come up with a concrete proposal for the systematic resolution of the problems faced by the depositors of cooperatives, as hundreds of thousands of them have suffered of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During an interaction at the Office of the Prime Minister and Council of Ministers on Monday, the Prime Minister directed to submit an appropriate proposal to take concrete measures to troubleshoot the challenges that cooperatives are facing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Hundreds of thousands of depositors have suffered since the problems of the cooperatives have not been addressed. They are left stranded," the PM said asking the Finance Ministry to come up with a concrete proposal. </span></span></span><br /> </p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19664', 'image' => '20240109020909_cooperative problematic.jpg', 'article_date' => '2024-01-09 14:08:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19957', 'article_category_id' => '1', 'title' => 'FMTCL Starts Manufacturing and Supply of 'Fortified Rice' ', 'sub_title' => '', 'summary' => 'January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: The state-owned Food Management and Trading Company Limited (FMTCL) has started the manufacturing and supplies of 'fortified rice' starting from Wednesday, January 10. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While launching the distribution of the rice on Wednesday, Minister for Industry, Commerce, and Supplies, Ramesh Rijal said the entire Nepali citizens will have access to the rice enriched with nutritional values. This initiative aims to realise the sustainable development goals- 2030 by addressing the issue of malnutrition in the country, according to the minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Rijal said adding nutritional values to food and the giving priority to the locally available foods are the main concerns of the government in view of the implementing the fundamental rights of the citizens guaranteed by Article 36 of the constitution.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Health and Population is peaparing to promote public awareness on the benefits from the consumption of the 'fortified rice'. The Ministry of Industry, Commerce and Supplies shall come up with policy arrangements for the manufacturing and supplies of this rice. It will be made available at a subsidized price. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Department of Food Technology and Quality Control will handle the criteria for rice production and the regulation of food purity and quality. The government will have technical support from the World Food Programme for the manufacturing and supplies of rice with increased nutritional values. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is worth noting that despite improvements in the status of nutrition in Nepal lately, the rate of malnutrition caused by the deficiency of micronutrients still remains high. According to the Nepal Demographic and Health Survey-2022, 43% of children under the age of five still suffer from anaemia. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the survey shows that 34% of women of reproductive age and 39% of adolescent girls are affected by severe anaemic health complications. The study highlights that 25% of children under the age of five experience stunted growth and 19% have low weight issues. Deficiencies of essential micronutrients such as iron, vitamin B12, and folic acid are prevalent among the population of various age groups. Nepal has expressed commitments to minimizing all forms of malnutrition to achieve the SDGs by 2030. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19685', 'image' => '20240111125145_1694460-fortfied-rice.jpg', 'article_date' => '2024-01-11 12:48:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19956', 'article_category_id' => '1', 'title' => 'Dairy Farmers Call for Timely Payment ', 'sub_title' => '', 'summary' => 'January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 11: Dairy farmers of Chitwan have demanded timely payment for milk from the relevant agencies. Organizing a press conference in Bharatpur on Wednesday, the dairy farmers warned that they would have to abandon the dairy business if they do not get their due payment. They also put five different demands before the agencies concerned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The demands include concessional loans, insurance facility and facilitation of milk production-based subsidies given by the Bagmati provincial government among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President of Chitwan District Milk Producers' Cooperative Association, Kishore Bagaa, lamented that the concerned agencies remain apathetic towards solving the problems of the dairy farmers in Chitwan. He also cited problems in the marketing of milk and dairy products. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The problem is getting more complicated due to the delay in payment to the dairy farmers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The dairy sector was moving towards self-sufficiency but the state policy has not been encouraging to the dairy farmers, said the association’s Secretary, Kalyan Adhikari. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19683', 'image' => '20240111120032_20231117124706_1700193855.1667860642.w.jpg', 'article_date' => '2024-01-11 11:58:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19955', 'article_category_id' => '1', 'title' => 'Cricketer Sandeep Lamichhane gets Eight-Year Jail Sentence', 'sub_title' => '', 'summary' => 'January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The District Court, Kathmandu has handed down an eight-year jail sentence to Nepal’s star cricketer Sandip Lamichhane, after finding him guilty of rape. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane, a vital member of the national cricket team, has also been ordered to pay a compensation of Rs 500,000 in fine and compensation to the victim girl. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state news agency RSS, District Court Judge Sishi Raj Dhakal had issued the verdict earlier on December 29 convicting Lamichhane in the rape case. The sentence was announced only on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lamichhane was arrested from Tribhuvan International Airport on October 6, 2022 after a complaint was filed against him for allegedly raping a minor on September 6, 2022. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The twenty-three-year-old left arm spinner is a former captain of the Nepali national cricket team. He raised quite a few eyebrows when he made his debut in the money-spinning Indian Premier League in 2018 as a teenager. He also has the experience of playing in Australia’s Big Bash and other major leagues worldwide. He is also the highest ODI wicket-taker for Nepal.</span></span></span></p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19682', 'image' => '20240111112742_sandeep-lamichhane-in-ipl.jpeg', 'article_date' => '2024-01-11 11:26:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19954', 'article_category_id' => '1', 'title' => 'WB Projects 5 Per Cent Economic Growth Rate in 2024/25', 'sub_title' => '', 'summary' => 'The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 11: The World Bank (WB) has projected a five percent economic growth rate for Nepal in the fiscal year2024/2025. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">By releasing its Global Economic Prospectus-2024, the World Bank estimated that economic growth rate is to remain at 3.9 percent in the current fiscal year in Nepal. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The anticipated growth is attributed to improvements in the industry and service sectors, supported by a flexible monetary policy and the removal of restrictions on selected imports. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Despite these positive indicators, the global economy is expected to face ongoing challenges in 2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Factors contributing to the subdued global economic outlook include the adoption of tight monetary policies by central banks of major economies and a sluggish recovery in world trade and investment. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The global economic growth rate is projected at 2.4 percent in 2024, reflecting the persisting pressures on the international economic landscape.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, concerns such as inflation and high-interest rates are expected to have adverse effects on consumers and the monetary market. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-11', 'modified' => '2024-01-11', 'keywords' => '', 'description' => '', 'sortorder' => '19681', 'image' => '20240111061049_collage (8).jpg', 'article_date' => '2024-01-11 06:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19953', 'article_category_id' => '1', 'title' => 'Promoters of Upper Modi 'A' Hydropower Project Confirm Financial Closure', 'sub_title' => '', 'summary' => 'January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">January 10: The promoters of the Upper Modi 'A' Hydropower Project have finalized the financial closure of the 42-MW project to be constructed at Annapurna rural municipality of Kaski district. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Modi Hydropower Company Ltd, the promoter of the project, said that NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have decided to invest in the project. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Of the estimated cost of Rs 10.57 billion including interest to be incurred during the construction period, 70 percent of the cost would be managed from loan and 30 per cent from equity. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NMB Bank and Hydroelectricity Investment and Development Company Ltd (HIDCL) have pledged to invest Rs 7.40 billion including the interest for the construction period. Of the total investment, NMB Bank will invest Rs 4.40 billion and HIDCL Rs 3 billion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A tripartite loan agreement was signed among the promoter company, Modi Hydropower Company Ltd, NMB Bank and HIDCL in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet on Tuesday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the occasion, Minister Basnet said the government has been carrying out activities for increasing internal consumption of power produced in the country and is effortful to sell the surplus power to India and Bangladesh.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Energy Secretary Gopal Sigdel informed that discussions are being held on further expanding and strengthening the Nepal-India infrastructures for exporting power produced within the country. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">NEA executive-director and Chair of Modi Hydropower Company, Kulman Ghising said hydropower development in Nepal would make a leap in the coming days. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">"NEA is now moving ahead toward developing big hydropower projects. Works are being carried out for the financial management of the 1061-megawatt capacity Upper Arun and the 635-megawatt capacity Dudhkoshi Reservoir Hydropower Project within 2024," he said, adding that projects capable of producing electricity of around 16,000 megawatts are in the process of either study, construction or in the phase of initiating construction after mobilizing funds. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">HIDCL chief executive officer Arjun Gautam stressed that the power developers and promoters should work to dispel the notion that power projects are not constructed within the stipulated time. He said the company was ready to mobilize the funds required for fulfilling the government's goal of producing 28,000 megawatts electricity by 2035.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> NMB Bank’s chief executive officer Sunil KC said it is an opportunity for NMB Bank to invest in the Upper Modi 'A' Project.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> The project officials said that they have set the target to complete the construction of the project within four years from the start of the construction works. Preparatory works for the construction of the project are being carried out so far.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The same promoter company will also construct the 18.2 megawatts Upper Modi Hydropower Project. -- RSS</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19680', 'image' => '20240110025712_hydro.jpg', 'article_date' => '2024-01-10 14:56:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19951', 'article_category_id' => '1', 'title' => 'Locals Agree not to Disrupt Construction of Nagadhunga Tunnel', 'sub_title' => '', 'summary' => 'January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.', 'content' => '<p><span style="font-size:18px">January 10: The suspended work of the Nagadhunga tunnel project is all set to resume after an agreement with the locals over land acquisition issue.</span></p> <p><span style="font-size:18px">The locals had halted the construction of the tunnel due to the dispute over land ownership and compensation.</span></p> <p><span style="font-size:18px">On Tuesday, the locals agreed not to obstruct the work after holding discussion with Minister for Physical Infrastructure and Transport Prakash Jwala.</span></p> <p><span style="font-size:18px">Sushilbabu Dhakal, director general of Department of Roads, who was also present during the discussion, informed that the project work has resumed after resolving the dispute related to land ownership and compensation.</span></p> <p><span style="font-size:18px">The construction of the tunnel was stopped after a dispute surfaced as to whether the land in the Dhading section of the project belonged to the government or to the local residents. The agitating locals agreed to the government’s proposal that the Department of Roads will improve the roads and drains in the localoty, and discuss the land ownership dispute with the District Administration Office and the Land Revenue Office, Dhading.</span></p> <p><span style="font-size:18px">The work of concrete lining inside the tunnel was stopped due to the obstruction created by the local residents.</span></p> <p><span style="font-size:18px">During Tuesday’s discussion, Minister Jwala assured that the problem of land ownership and compensation will be resolved within the scope of the law. The locals also expressed their commitment not to stop the construction work of the tunnel.</span></p> <p><span style="font-size:18px">The project informed that only 80 meters of the main tunnel of 2.68 kilometers is left to be dug. According to the progress report released by the project on December 27, the physical progress of the project stands at 67.61 percent and the financial progress is 62.49 percent.</span></p> <p><span style="font-size:18px">The project has been stopped many times due to land-related dispute. So far, the project has built three underpasses along with the emergency tunnel. Four box culverts, one overpass and three bridges have also been constructed. The flyover is still under construction.</span></p> <p><span style="font-size:18px">The Government of Nepal had reached an agreement with the Japan International Cooperation Agency (JICA) to construct the Nagadhunga-Naubise tunnel measuring 5.7 kilometers in length including the main tunnel of 2.7 kilometers in 3 and a half years. The foundation stone of the project was laid on October 21, 2019.</span></p> <p><span style="font-size:18px">The project is being undertaken with the concessional loan provided by the Government of Japan. The total investment for the project is estimated to be around Rs 22 billion. JICA will invest Rs 16 billion while the Government of Nepal will contribute Rs 6 billion.</span></p> <p><span style="font-size:18px">The tunnel will be of 2.7 kilometers long and will have two flyovers. The project will also cover 3 kilometers of road.</span></p> <p><span style="font-size:18px">The Thankot-Naubise road section is currently 9 kilometers long. The distance will be shortened to 5.7 kilometers once the tunnel is constructed.</span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19678', 'image' => '20240110121234_20221012035751_20220708015827_Untitled.jpg', 'article_date' => '2024-01-10 12:11:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19950', 'article_category_id' => '1', 'title' => 'Government Instructs NEA to Reconnect Power Supply Lines to Industries', 'sub_title' => 'Committee formed to investigate tariff dispute of dedicated feeder and trunk line', 'summary' => 'January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 10: The Nepal Electricity Authority has cut off electricity supply to more than two dozen industries because of non-payment of dues for consuming electricity through the dedicated feeder and trunk line. A meeting of the council of ministers on Tuesday decided to instruct the authority to reconnect electricity supply lines to those industries.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The cabinet meeting also decided to form a committee to investigate the tariff dispute of dedicated feeder and trunk line. The Council of Ministers decided to form robe committee headed by former Supreme Court justice, Girish Chandra Lal. Joint secretaries of the Ministry of Industry, Commerce and Supplies and the Ministry of Energy are the members of the committee. The committee has been mandated to submit a report on the issues regarding the tariff dispute of the dedicated feeder and trunk line. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Infrastructure Development Committee of the House of Representatives also held a meeting on Tuesday to discuss the dispute related to electricity tariff.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During the meeting, Kulman Ghising, executive director of the NEA, claimed that the industries consumed electricity </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hours a day from the dedicated feeder and trunk line between </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2072</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> when the general public was facing load-shedding.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the industries need to pay the additional tariff for the electricity consumed at that time. Ghising said that industrialists cannot be exempted under any pretext and there is no option than to pay the electricity tariff.</span></span></span></span></p> <p> </p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government’s latest directive has played the spoilsport in NEA’s attempts to recover the dues from the industries at any cost.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the authority, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> industries have yet to pay Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion for consuming electricity using the dedicated feeders and trunk lines. The NEA has cut the lines of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">5 industries since December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> due to non-payment of dues. Among them, after Himal Steel paid the first installment of arrears last Monday, the authority resumed electricity supply. The authority issued a public notice on Tuesday and made arrangements for paying the dues in installments.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although the Council of Ministers has instructed to form a committee to resolve the dispute, the NEA officials have taken a stance that they cannot reconnect electricity supply lines until the industries pay the installment of the arrears. NEA Spokesman Suresh Bhattarai said that the authority is not in favor of connecting the line under any circumstances, even if the Council of Ministers decides to reconnect the lines.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The industrialists on the other hand complain that they are incurring losses worth millions of rupees daily due to the NEA’s decision to disconnect electricity supply. They are lobbying with political leadership to reconnect the supply lines and resolve the dispute.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19677', 'image' => '20240110114607_1704769343.1703994624.1612736027.Clipboard12.jpg', 'article_date' => '2024-01-10 11:44:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19949', 'article_category_id' => '1', 'title' => 'JN.1 Variant of COVID-19 Highly Transmissible: MoHP ', 'sub_title' => '', 'summary' => 'January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The infection rate of the latest sub-variant of Coronavirus, JN.1, is found to be increasing in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Dr Rudra Prasad Marasini, director of the Epidemiology and Diseases Control Division under the Ministry of Health and Population (MoHP), the transmission rate of this new variant from one person to another is higher compared to other variants. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The transmission rate of JN.1 is higher in the cities since due to crowds. The fatality rate and complications of the infection are, however, low,” said Dr Marasini. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the JN.1 sub-variant was detected in seven out of 16 samples tested in the National Public Health Laboratory on Monday. The JN.1 is the latest variant of Omicron. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Since the new sub-variant is highly transmissible, the MoHP has urged one and all to exercise precautionary measures in crowded places by wearing face masks, maintaining physical distance and keeping hands clean by washing frequently among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In view of increasing infection rate of the new sub-variant of Coronavirus, the ministry said that it had been conducting screening of suspected people in the entry points through the health desks set up at the border areas. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19676', 'image' => '20240110093642_coronaaaaa.jpg', 'article_date' => '2024-01-10 09:35:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19946', 'article_category_id' => '1', 'title' => 'Himalaya Airlines Receives IOSA Certificate ', 'sub_title' => '', 'summary' => 'January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Himalaya Airlines has received the IATA Operational Safety Audit (IOSA) certificate. This achievement makes Himalaya Airlines the first Nepali airlines company to be certified with the IOSA under the International Air Transport Association (IATA). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The certificate was granted for the airlines' initiative to strengthen the safety standards of the aviation sector. The IATA certified the airlines with IOSA in December, 2023 which will be valid until March 3, 2025, according to the Himalaya Airlines. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It makes the airlines' safety standards on par with the safety standards of the international airlines companies in the world. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a press conference organized on Tuesday, Himalaya Airlines' Vice-Chairperson Bijay Shrestha said that the registration of the airlines in the IOSA was not only an achievement of the airline company but also of the aviation sector and the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Nabina Karmacharya, deputy director-general of the Aviation Safety and Security Regulation Directorate of the Civil Aviation Authority of Nepal said that the achievement of Himalaya Airlines was the matter of pride for the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A joint venture of Nepal and China, the airlines was established in 2014 and operates flights in major countries in the Middle East and South Asia such as the UAE, Malaysia, Qatar, Saudi Arabia, Kuwait, Bangladesh and five major cities in China including Beijing with its four aircraft. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Himalaya Airlines, IOSA, IATA, certificate, safety', 'description' => '', 'sortorder' => '19675', 'image' => '20240110090529_20231119112252_g576szqpnac61.jpg', 'article_date' => '2024-01-10 09:04:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19948', 'article_category_id' => '1', 'title' => 'Police Arrest Fugitive Ram Bahadur Bamjan from Budhanilkantha', 'sub_title' => '', 'summary' => 'January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: Police have arrested self-proclaimed aesthetic-turned fugitive Ram Bahadur Bamjan, who was on the run for years for his alleged involvement of rape and disappearance of his followers. Bamjan, who was in the most-wanted list of Nepal Police, was arrested from the northern outskirts of Kathmandu on Tuesday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A squad from the Central Investigation Bureau of Nepal Police nabbed Bamjan from Budhanilkantha area in Kathmandu, Nepal Police Spokesperson Deputy Inspector General (DIG) Kuber Kadayat told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"A team of police held Bamjan from Budhanilkantha area at 7:00 pm today (Tuesday)," RSS quoted DIG Kadayat as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Police was searching for Bamjan for years after the police received complaints about the missing of four persons including a lady monk from his ashram in Sindhuli. </span></span></span><br /> </p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => 'Ram, Bahadur, Bamjan, fugitive, arrest', 'description' => '', 'sortorder' => '19674', 'image' => '20240110090917_sddefault.jpg', 'article_date' => '2024-01-10 09:08:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19947', 'article_category_id' => '1', 'title' => ''Cent Percent Literacy in Five Years’', 'sub_title' => '', 'summary' => 'January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 10: The 16th five-year periodic plan which is in the drafting stage now has set a goal to ensure cent percent literacy rate in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government has set a target to increase the literacy rate to 100 percent in the age group of five years and above within the next five years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The concept was put forth in a discussion held on Monday and Tuesday on the draft of 16th periodic plan. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Planning Commission, currently the literacy rate in the age of five and above group is 76.2 only. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The target is being set to increase the literacy to cent percent by the end of the 16th plan or the fiscal year of 2085/86. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the plan has put forward the target to ensure access to internet in all schools to improve teaching learning. Though there is access to internet for teaching and learning in urban schools, it has not been accessible at all schools across the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The internet access rate now is 35.9 percent and it would be increased to cent percent in five years, the draft proposes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, the targets set in the draft have yet to be finalized, said NPC member Dr Ramesh Chandra Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NPC has also pitched an idea to increase the education sector budget to 17 percent. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19673', 'image' => '20240110090652_dp2(2).jpg', 'article_date' => '2024-01-10 09:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19945', 'article_category_id' => '1', 'title' => 'Freezing Cold Shuts Schools in Mahottari ', 'sub_title' => '', 'summary' => 'Three local levels have closed schools in the wake of rising cold in Mahottari district. Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. ', 'content' => '<p><span style="font-size:20px">January 10: Three local levels have closed schools in the wake of rising cold in Mahottari district. </span></p> <p><span style="font-size:20px">Ramgopalpur municipality closed schools for four days, while Sonama rural municipality for nine days from Monday. Similarly, Gaushala municipality decided to shut down schools for a week from Tuesday. </span></p> <p><span style="font-size:20px">The local levels shared information about school closure by issuing notices. <br /> Chairman of Sonama rural municipality, Bisheshwor Yadav, informed that the schools were closed to save children from freezing cold affecting their health.</span></p> <p><span style="font-size:20px">Similarly, Ramgopal municipality mayor Ram Dular Saha said closure of school could help children escape cold related problems. </span></p> <p><span style="font-size:20px">Meanwhile, various schools have reported sharp decline in students' attendance due to cold for some days in the district. (RSS) </span></p> ', 'published' => true, 'created' => '2024-01-10', 'modified' => '2024-01-10', 'keywords' => '', 'description' => '', 'sortorder' => '19672', 'image' => '20240110055909_collage (7).jpg', 'article_date' => '2024-01-10 05:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19939', 'article_category_id' => '1', 'title' => 'Banks have more than Rs 600 Billion of Investable Capital', 'sub_title' => '', 'summary' => 'January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 9: Banks and financial institutions (BFIs) have accumulated more than Rs 600 billion of investable capital. Liquidity of the banks has increased significantly compared to deposit collection due to non-disbursement of loans. Liquidity is increasing even though Nepal Rastra Bank has continuously mopped excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the central bank, BFIs have collected deposits of Rs 6085 billion and provided loans of Rs 5033 billion as of Saturday. The average credit-deposit ratio (CD ratio) of banks dropped to 79.96 percent on Saturday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the provision that banks can give loans by maintaining this ratio up to 90 percent, the banks have the capacity to extend loans of Rs 610 billion.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank’s Deputy Spokesperson Dr Dilliram Pokharel says that there is more liquidity in the banking system as the expansion of credit flow has been lower than deposit collection in the current fiscal year (FY). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Due to the increase in remittance inflow, the deposit growth rate of banks has increased in the current fiscal year," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to NRB, the bank deposits increased by Rs 314 billion in the current fiscal year while loans isbursement increased by s 155 billion only.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">While reviewing the monetary policy, the central bank reduced the policy rate and revised the lending policy in areas such as real estate, shares, and vehicles. Subsequently, banks also reduced the interest rates on loans. However, credit flow has not increased relatively.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As there is more liquidity in the market, the central bank is constantly mopping excess liquidity. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank has started mopping excess liquidity through deposit collection equipment from November 22. The central bank has mopped Rs 282.20 billion of liquidity from the market 18 times by January 4. The central bank is also issuing deposit collection equipment worth Rs 35 billion for a period of 14 days on Tuesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to excess liquidity, banks are forced to maintain the daily average interbank interest rate within the limits of the corridor. The interbank interest rate remained within the limits of the corridor after four months on last Tuesday, but it went down again from Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Sunday, the interbank interest rate remained at 2.664 percent. According to the provisions of the corridor, this interest rate should be maintained at a minimum of 3 percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the 'Interest Rate Corridor Procedure 2076', there is a provision to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The Nepal Rastra Bank has fixed the deposit collection rate at 3 percent through the first quarterly review of the current fiscal year's monetary policy. Earlier this rate was 4.5 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19666', 'image' => '20240109035705_Banks - Copy.jpg', 'article_date' => '2024-01-09 15:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19938', 'article_category_id' => '1', 'title' => 'NEPSE Surges by 20.62 Points to Close at 2080.12', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 9: The Nepal Stock Exchange (NEPSE) experienced a notable upswing, with its index surging by 20.62 points or 1%, closing the third trading day of the week at 2080.12 on Tuesday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 309 scrips were traded, involving 104,619 transactions. The shares market witnessed a transaction of 17,949,562 units of shares, amounting to Rs 6.11 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) took the lead in turnover, with transactions totaling Rs 21 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, eight companies, including Karnali Development Bank (KRBL), Sindhu Bikash Bank (SINDU), and Himalayan Reinsurance Limited (HRL), experienced a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Conversely, Dhaulagiri Laghubita Bittiya Sanstha (DLBS) faced the highest loss of 8.19%, closing at a market price of Rs 931 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all indices, except for Hydropower, Manufacturing, and Processing and Mutual Fund, closed in positive territory. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Development Bank Index saw a robust gain of 5.21%, while Nonlife Insurance experienced a modest 0.60% increase. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Hydropower Index suffered the most significant loss at 0.45%, while Manufacturing and Processing incurred a minimal loss of 0.15%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19665', 'image' => '20240109033550_collage (16).jpg', 'article_date' => '2024-01-09 15:34:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19937', 'article_category_id' => '1', 'title' => 'Cooperative’s Manager, Staff Arrested for Embezzling Rs 1.21 Billion of Depositors ', 'sub_title' => '', 'summary' => 'January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 9: Police have arrested the manager and staff of Gokarna-based Kantibhairav Savings and Credit Cooperative Pvt Ltd for embezzling savings of the depositors. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Metropolitan Police Circle, Bouddha, arrested Chairperson of the Cooperative, Hari Krishna Shrestha of Gokarneshwor municipality-4, former Chairperson and patron, Prem Shrestha, Treasurer Sher Lal Shrestha and Manager Rajendra Shrestha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">All of them have been kept at Gokarna Police Sector building under the Circle, said Senior Sub-Inspector at the Sector, Rajesh Karki. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Ram Das Shrestha, secretary of the cooperative’s Board of Directors, members Anirudra Shrestha and Radheshyam Shrestha as well as coordinator of the Account Committee, Chandra Prasad Poudel have been absconding. Police have issued arrest warrant in their names. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Proprietors of the cooperative have embezzled Rs 1.21 billion of 7,700 depositors, said chairperson of the taskforce under the Cooperative Victim Struggle Committee, Rajesh Kumar Bista. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">PM instructs Finance Ministry to bring concrete proposal on failing cooperatives </span></strong></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal has instructed the Ministry of Finance to come up with a concrete proposal for the systematic resolution of the problems faced by the depositors of cooperatives, as hundreds of thousands of them have suffered of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During an interaction at the Office of the Prime Minister and Council of Ministers on Monday, the Prime Minister directed to submit an appropriate proposal to take concrete measures to troubleshoot the challenges that cooperatives are facing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Hundreds of thousands of depositors have suffered since the problems of the cooperatives have not been addressed. They are left stranded," the PM said asking the Finance Ministry to come up with a concrete proposal. </span></span></span><br /> </p> <p><br /> </p> ', 'published' => true, 'created' => '2024-01-09', 'modified' => '2024-01-09', 'keywords' => '', 'description' => '', 'sortorder' => '19664', 'image' => '20240109020909_cooperative problematic.jpg', 'article_date' => '2024-01-09 14:08:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
