November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for…
November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for…
November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin…
November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief…
The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week,…
The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday…
November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY)…
November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims…
November 5: The effects of slowdown in economic activities due to the Covid-19 pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of…
November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million.…
November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial…
November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday…
November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim.…
The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday…
November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday…
November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient…
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' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </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"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </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"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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"">November 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million.</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, the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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"">Similarly, two micro life insurance companies have collected insurance fees of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19412', 'article_category_id' => '1', 'title' => 'Profit of Banks Falls, Bad Debt Rises', 'sub_title' => '', 'summary' => 'November 5: The effects of slowdown in economic activities due to the Covid-19 pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.', '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"">November 5: The effects of slowdown in economic activities due to the Covid-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.</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 unaudited financial statements issued by commercial banks, there has been a significant decline in the profits of banks in the first quarter of the current fiscal year (FY), while bad debts have increased.</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 average bad loan of commercial banks, which was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the last fiscal year, has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of this year.</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 profit growth rate decreased in the first, second and third quarters of last year, there was an improvement in the fourth quarter. Similarly, bad loans, which had been rising continuously since the beginning of last year, also improved by the end of the year.</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 profit of banks during last year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.94</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. In the fourth quarter, the profit growth rate reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24.93</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">However, the improvement was short lived. In the first quarter of the current fiscal year, the performance of banks has not been satisfactory. The profit of banks decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current year. </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"">By the end of the first quarter of the current fiscal year, commercial banks have earned a total of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13.47</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in net profit. During this period, the profit of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks decreased while that of eight banks increased. </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 profit of Agriculture Development Bank was negative. With the increase in bad loans of the banks, the amount to be set aside for risk management has increased, and the profit has been affected.</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 average bad loans of banks were </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.31</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.04</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. Bad loans were reduced to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the fourth quarter of last fiscal year, but it reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current fiscal year. </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 non-performing loans of Agriculture Development Bank reached the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, followed by Kumari Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.89</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, Nepal Investment Mega’s NPL stood at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent in the review period, followed by Laxmi Sunrise Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.69</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, Himalayan Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.67</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent and Global IME Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">Bad loans have increased along with the decline in economic activities, affecting the recovery of banks' loans. The increase in bad loans indicates that risks are increasing in the financial sector. As the net profit of commercial banks has decreased, the distributable profit to their shareholders has also weakened. </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"">Banks have earned a distributable profit of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</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"">26 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first quarter of the current year. This profit is </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"">percent less than compared to the same period of last fiscal year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19140', 'image' => '20231105014906_Banks - Copy.jpg', 'article_date' => '2023-11-05 13:47:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19411', 'article_category_id' => '1', 'title' => 'Garland Business worth Rs 310 Million Expected during Tihar', 'sub_title' => '', 'summary' => 'November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. The Floriculture Association of Nepal has estimated that during this year's Tihar, the garlands made of Chrysanthemum, Marigold and Globe Amaranth flowers would make a brisk business of Rs 310 million. The association estimates that there will be sales of about 4 million garlands during this Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the association, 80 percent of the market demand for garlands will me met through domestic production and the remaining 20 percent will be fulfilled by importing garlands from India.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">It is estimated that 3.5 million pieces of Marigold flower garlands will be sold during Tihar, the festival of lights. Similarly, it is estimated that 475,000 pieces of Globe Amaranth flower garlands, 20,000 pieces of Chrysanthemum flower garlands and 30,000 pieces of mixed flower garlands will likely be sold during the festival, said Meen Bahadur Tamang, president of the association.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Tamang, the demand for Marigold flower garlands may increase this year compared to last year. During last year's Tihar, 3.1 million pieces of Marigold garlands were sold.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, it is estimated that the price of garlands will also increase this year. The association said that the retail price of a garland of Marigold flower will reach as much as Rs 125 per piece this year. Last year, marigold flower garlands were sold for Rs 100 per piece. Similarly, Chrysanthemum flower garlands will cost up to Rs 1,000 per piece and Globe Amaranth flower garlands will cost up to Rs 50 per piece.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">At present, floriculture is done on 221 hectares of land in 48 districts across the country, in which more than 1,000 businessmen are involved. Also, 44,000 people have got employment in this sector directly and indirectly. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Department of Customs, in the last fiscal year, the export of flowers and floral products from Nepal was worth Rs 68 million, while the import stood at Rs 330 million.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, the Floriculture Association Nepal has decided to provide 50 per cent of the amount collected through the one-day ticket sales from the Godavari Flower Exhibition to the earthquake victims of Jajarkot and Rukum. The association said that 50 per cent of the income earned from the ticket sales on Sunday will be deposited in the fund of the Nepal government for the relief and rescue of the earthquake victims. In addition, the association has also requested its active members to help according to their abilities. The fair, which kicked off on October 31, will be concluded on Sunday, November 5. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19139', 'image' => '20231105011315_Garlands-1.jpg', 'article_date' => '2023-11-05 13:12:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19410', 'article_category_id' => '1', 'title' => 'Beware of Internet Scammers Seeking Help for Earthquake Victims: Nepal Police', 'sub_title' => '', 'summary' => 'November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance.', '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"">November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance. </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 Police has issued a notification asking the general public to be careful from internet scammers while helping the earthquake victims.</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 police have urged in the statement to help the earthquake victims only after ascertaining whether the persons or organizations asking for help are genuine. </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"">"When providing financial or other support to earthquake victims through the Internet or other means, please help only by making sure that the people or organizations asking for help are authorized or not," the police 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"">An earthquake measuring </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6.4 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">magnitude in the Richter scale occurred at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11:47 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on Friday night with its epicenter in Ramidanda of Jajarkot, causing loss of lives and properties in Jajarkot and Rukum West/East and surrounding areas.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19138', 'image' => '20231105120712_1699092860.scmmer.jpg', 'article_date' => '2023-11-05 12:06:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19409', 'article_category_id' => '1', 'title' => 'Seismological Team in Jajarkot to Study the Quake ', 'sub_title' => '', 'summary' => 'November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night. The team is led by senior seismologist Dr Lok Bijaya Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department of Mines and Geology, Ram Prasad Ghimire, said that the team will be carrying out comprehensive study and research on the earthquake. The team will study the depth of the earthquake, the direction of the damage, and the structures damaged by the earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, senior seismologist Dr Adhikari said that the Jajarkot earthquake was not an aftershock of the Bajhang earthquake, but a new earthquake. Four aftershocks have occurred following Friday night’s earthquake that hit Ramidanda of Jajarkot. Aftershock of 4.5 magnitude was recorded the same night at 12:08 pm followed by a 4.2 magnitude aftershock at 12:29 pm, 4.3 magnitude aftershock at 12:35 pm and 4.2 magnitude aftershock at 3:40 on Saturday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 157 people have been confirmed dead in Jajarkot and Rukum West with more than 200 people injured in the earthquake that measured 6.4 in the Richter scale. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19137', 'image' => '20231105112523_HK-Jajarkot-IMG_9219.jpg', 'article_date' => '2023-11-05 11:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19408', 'article_category_id' => '1', 'title' => 'Government to Provide Free Treatment for Quake Injured ', 'sub_title' => '', 'summary' => 'November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. As per the cabinet decision, all the hospitals will provide treatment to the victims free of cost. The government will bear the cost of the treatment of the quake victims. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Health and Population Mohan Bahadur Basnet told journalists that rescue of the quake survivors have been almost completed and all the hospitals including those in Kathmandu are on standby for providing treatment to the needy. </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"">He also shared that a decision was taken to move ahead with the post-quake relief and rehabilitation work, learning from the lessons of the Gorkha Earthquake. </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"">Meanwhile, the government will decide in which areas it shall seek assistance from neighbors and friendly countries after further discussion on the matter. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19136', 'image' => '20231105105033_RM-Khajura.JPG', 'article_date' => '2023-11-05 10:49:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19407', 'article_category_id' => '1', 'title' => 'Jajarkot Earthquake Update: 157 Dead, 202 Injured', 'sub_title' => '', 'summary' => 'The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">105 people have died in Jajarkot district, and 52 in Rukum West, according to Thapa. The earthquake measuring 6.4 on the Richter scale struck Jajarkot and West Rukum on Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, as many as 202 individuals were injured including 105 in Jajarkot, 85 in West Rukum, 3 people each in Dailekh and Baitadi, 5 in Jumla, and 1 in Rolpa.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Nepali Army, Nepal Police, Armed Police Force, and local residents are actively involved in rescue and relief efforts in the quake-affected areas. For rescue and relief operations in the tremor-hit areas, five helicopters and aircraft have been used. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19135', 'image' => '20231105061038_collage (2).jpg', 'article_date' => '2023-11-05 06:08:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19406', 'article_category_id' => '1', 'title' => 'At Least 128 Killed as Strong Quake Jolts Jajarkot', 'sub_title' => '', 'summary' => 'November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.</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 Hindu newspaper of India, citing authorities in Nepal, put the death toll at 128, including 80 in Jajarkot – the epicenter of the quake.</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 earthquake measuring 6.4 in the Richter scale occurred at 11:47 pm on Friday, with Ramidanda of Jajarkot as the epicenter, the state-owned RSS reported. </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 US Geological Survey however put the magnitude at 5.6 and said it was just 18 kilometres (11 miles) deep. </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 death toll is expected to rise as hundreds of people have been injured, Chief District Officer of Jajarkot Suresh Sunar told RSS.</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"">According to RSS, the earthquake has severely hit Bheri, Nalgad, Kushe, Barekot and Chedagad areas in the district. All the security forces in the district have been mobilized in the search and rescue work, RSS quoted CDO Sunar as saying. </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"">Among the dead also includes Deputy Mayor of Nalgad Municipality Sarita Singh, according to Deputy Superintendent of Police of Jajarkot Santosh Rokka. </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 tremors were felt as far away as Kathmandu and even about 600km (375 miles) away in the Indian capital New Delhi, Al Jazeera reported.</span></span></span></p> ', 'published' => true, 'created' => '2023-11-04', 'modified' => '2023-11-04', 'keywords' => 'earthquake, strong, magnitude, US, geological, survey, Hindu, Al, Jazeera, Kathmandu, Nepal, New, Delhi, capital, western, death, toll, killed', 'description' => '', 'sortorder' => '19134', 'image' => '20231104083356_HKC-Jajarkot-4.JPG', 'article_date' => '2023-11-04 08:33:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19405', 'article_category_id' => '1', 'title' => 'Lack of Budget Blamed for Tardy Upgrading Works on Postal Highway ', 'sub_title' => '', 'summary' => 'November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The contractors have been blamed for delaying the construction of the road. Only 31 kilometres of the road have been upgraded in the Kailali section four years after beginning the work.</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"">The total length of the road is 69 kms from the Mohana bridge of Dhangadhi in Kailali to Satti Khakraula. Road upgradation is ongoing in the remaining section, said the Postal Highway Project Office in Dhangadhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 29.5 km road from Lamkichuha in Kailali to Satti Khakraula through Tikapur bazaar area (north south), eight km has been blacktopped. Road upgradation remains from Tikapur to Khakraula. Potholes have developed in the single lane road in the area causing difficulties in transportation, complained the locals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 62 km road from Dokebazaar in Kanchanpur to Daiji bazaar through Belauri, 38 km has been blacktopped in seven years. The section from Dokebazaar to Belauri has been blacktopped while many parts from Belauri to Darji through Beldandi are yet to be tarred. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the previous fiscal year, budget worth Rs 750 million was allocated for upgrading the road. In the current FY, 2023/24, Rs 400 million has been allocated. For upgrading the Kailali section, the contract was awarded in the FY, 2076/77 BS and of the Kanchanpur section in the FY 2073/74. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-03', 'modified' => '2023-11-03', 'keywords' => '', 'description' => '', 'sortorder' => '19133', 'image' => '20231103032751_20230406110040_postal highway facebook.jpg', 'article_date' => '2023-11-03 15:26:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, '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' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </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"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </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"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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"">November 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million.</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, the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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"">Similarly, two micro life insurance companies have collected insurance fees of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19412', 'article_category_id' => '1', 'title' => 'Profit of Banks Falls, Bad Debt Rises', 'sub_title' => '', 'summary' => 'November 5: The effects of slowdown in economic activities due to the Covid-19 pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.', '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"">November 5: The effects of slowdown in economic activities due to the Covid-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.</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 unaudited financial statements issued by commercial banks, there has been a significant decline in the profits of banks in the first quarter of the current fiscal year (FY), while bad debts have increased.</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 average bad loan of commercial banks, which was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the last fiscal year, has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of this year.</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 profit growth rate decreased in the first, second and third quarters of last year, there was an improvement in the fourth quarter. Similarly, bad loans, which had been rising continuously since the beginning of last year, also improved by the end of the year.</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 profit of banks during last year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.94</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. In the fourth quarter, the profit growth rate reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24.93</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">However, the improvement was short lived. In the first quarter of the current fiscal year, the performance of banks has not been satisfactory. The profit of banks decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current year. </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"">By the end of the first quarter of the current fiscal year, commercial banks have earned a total of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13.47</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in net profit. During this period, the profit of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks decreased while that of eight banks increased. </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 profit of Agriculture Development Bank was negative. With the increase in bad loans of the banks, the amount to be set aside for risk management has increased, and the profit has been affected.</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 average bad loans of banks were </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.31</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.04</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. Bad loans were reduced to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the fourth quarter of last fiscal year, but it reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current fiscal year. </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 non-performing loans of Agriculture Development Bank reached the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, followed by Kumari Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.89</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, Nepal Investment Mega’s NPL stood at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent in the review period, followed by Laxmi Sunrise Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.69</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, Himalayan Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.67</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent and Global IME Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">Bad loans have increased along with the decline in economic activities, affecting the recovery of banks' loans. The increase in bad loans indicates that risks are increasing in the financial sector. As the net profit of commercial banks has decreased, the distributable profit to their shareholders has also weakened. </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"">Banks have earned a distributable profit of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</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"">26 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first quarter of the current year. This profit is </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"">percent less than compared to the same period of last fiscal year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19140', 'image' => '20231105014906_Banks - Copy.jpg', 'article_date' => '2023-11-05 13:47:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19411', 'article_category_id' => '1', 'title' => 'Garland Business worth Rs 310 Million Expected during Tihar', 'sub_title' => '', 'summary' => 'November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. The Floriculture Association of Nepal has estimated that during this year's Tihar, the garlands made of Chrysanthemum, Marigold and Globe Amaranth flowers would make a brisk business of Rs 310 million. The association estimates that there will be sales of about 4 million garlands during this Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the association, 80 percent of the market demand for garlands will me met through domestic production and the remaining 20 percent will be fulfilled by importing garlands from India.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">It is estimated that 3.5 million pieces of Marigold flower garlands will be sold during Tihar, the festival of lights. Similarly, it is estimated that 475,000 pieces of Globe Amaranth flower garlands, 20,000 pieces of Chrysanthemum flower garlands and 30,000 pieces of mixed flower garlands will likely be sold during the festival, said Meen Bahadur Tamang, president of the association.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Tamang, the demand for Marigold flower garlands may increase this year compared to last year. During last year's Tihar, 3.1 million pieces of Marigold garlands were sold.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, it is estimated that the price of garlands will also increase this year. The association said that the retail price of a garland of Marigold flower will reach as much as Rs 125 per piece this year. Last year, marigold flower garlands were sold for Rs 100 per piece. Similarly, Chrysanthemum flower garlands will cost up to Rs 1,000 per piece and Globe Amaranth flower garlands will cost up to Rs 50 per piece.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">At present, floriculture is done on 221 hectares of land in 48 districts across the country, in which more than 1,000 businessmen are involved. Also, 44,000 people have got employment in this sector directly and indirectly. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Department of Customs, in the last fiscal year, the export of flowers and floral products from Nepal was worth Rs 68 million, while the import stood at Rs 330 million.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, the Floriculture Association Nepal has decided to provide 50 per cent of the amount collected through the one-day ticket sales from the Godavari Flower Exhibition to the earthquake victims of Jajarkot and Rukum. The association said that 50 per cent of the income earned from the ticket sales on Sunday will be deposited in the fund of the Nepal government for the relief and rescue of the earthquake victims. In addition, the association has also requested its active members to help according to their abilities. The fair, which kicked off on October 31, will be concluded on Sunday, November 5. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19139', 'image' => '20231105011315_Garlands-1.jpg', 'article_date' => '2023-11-05 13:12:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19410', 'article_category_id' => '1', 'title' => 'Beware of Internet Scammers Seeking Help for Earthquake Victims: Nepal Police', 'sub_title' => '', 'summary' => 'November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance.', '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"">November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance. </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 Police has issued a notification asking the general public to be careful from internet scammers while helping the earthquake victims.</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 police have urged in the statement to help the earthquake victims only after ascertaining whether the persons or organizations asking for help are genuine. </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"">"When providing financial or other support to earthquake victims through the Internet or other means, please help only by making sure that the people or organizations asking for help are authorized or not," the police 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"">An earthquake measuring </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6.4 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">magnitude in the Richter scale occurred at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11:47 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on Friday night with its epicenter in Ramidanda of Jajarkot, causing loss of lives and properties in Jajarkot and Rukum West/East and surrounding areas.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19138', 'image' => '20231105120712_1699092860.scmmer.jpg', 'article_date' => '2023-11-05 12:06:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19409', 'article_category_id' => '1', 'title' => 'Seismological Team in Jajarkot to Study the Quake ', 'sub_title' => '', 'summary' => 'November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night. The team is led by senior seismologist Dr Lok Bijaya Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department of Mines and Geology, Ram Prasad Ghimire, said that the team will be carrying out comprehensive study and research on the earthquake. The team will study the depth of the earthquake, the direction of the damage, and the structures damaged by the earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, senior seismologist Dr Adhikari said that the Jajarkot earthquake was not an aftershock of the Bajhang earthquake, but a new earthquake. Four aftershocks have occurred following Friday night’s earthquake that hit Ramidanda of Jajarkot. Aftershock of 4.5 magnitude was recorded the same night at 12:08 pm followed by a 4.2 magnitude aftershock at 12:29 pm, 4.3 magnitude aftershock at 12:35 pm and 4.2 magnitude aftershock at 3:40 on Saturday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 157 people have been confirmed dead in Jajarkot and Rukum West with more than 200 people injured in the earthquake that measured 6.4 in the Richter scale. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19137', 'image' => '20231105112523_HK-Jajarkot-IMG_9219.jpg', 'article_date' => '2023-11-05 11:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19408', 'article_category_id' => '1', 'title' => 'Government to Provide Free Treatment for Quake Injured ', 'sub_title' => '', 'summary' => 'November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. As per the cabinet decision, all the hospitals will provide treatment to the victims free of cost. The government will bear the cost of the treatment of the quake victims. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Health and Population Mohan Bahadur Basnet told journalists that rescue of the quake survivors have been almost completed and all the hospitals including those in Kathmandu are on standby for providing treatment to the needy. </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"">He also shared that a decision was taken to move ahead with the post-quake relief and rehabilitation work, learning from the lessons of the Gorkha Earthquake. </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"">Meanwhile, the government will decide in which areas it shall seek assistance from neighbors and friendly countries after further discussion on the matter. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19136', 'image' => '20231105105033_RM-Khajura.JPG', 'article_date' => '2023-11-05 10:49:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19407', 'article_category_id' => '1', 'title' => 'Jajarkot Earthquake Update: 157 Dead, 202 Injured', 'sub_title' => '', 'summary' => 'The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">105 people have died in Jajarkot district, and 52 in Rukum West, according to Thapa. The earthquake measuring 6.4 on the Richter scale struck Jajarkot and West Rukum on Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, as many as 202 individuals were injured including 105 in Jajarkot, 85 in West Rukum, 3 people each in Dailekh and Baitadi, 5 in Jumla, and 1 in Rolpa.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Nepali Army, Nepal Police, Armed Police Force, and local residents are actively involved in rescue and relief efforts in the quake-affected areas. For rescue and relief operations in the tremor-hit areas, five helicopters and aircraft have been used. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19135', 'image' => '20231105061038_collage (2).jpg', 'article_date' => '2023-11-05 06:08:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19406', 'article_category_id' => '1', 'title' => 'At Least 128 Killed as Strong Quake Jolts Jajarkot', 'sub_title' => '', 'summary' => 'November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.</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 Hindu newspaper of India, citing authorities in Nepal, put the death toll at 128, including 80 in Jajarkot – the epicenter of the quake.</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 earthquake measuring 6.4 in the Richter scale occurred at 11:47 pm on Friday, with Ramidanda of Jajarkot as the epicenter, the state-owned RSS reported. </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 US Geological Survey however put the magnitude at 5.6 and said it was just 18 kilometres (11 miles) deep. </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 death toll is expected to rise as hundreds of people have been injured, Chief District Officer of Jajarkot Suresh Sunar told RSS.</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"">According to RSS, the earthquake has severely hit Bheri, Nalgad, Kushe, Barekot and Chedagad areas in the district. All the security forces in the district have been mobilized in the search and rescue work, RSS quoted CDO Sunar as saying. </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"">Among the dead also includes Deputy Mayor of Nalgad Municipality Sarita Singh, according to Deputy Superintendent of Police of Jajarkot Santosh Rokka. </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 tremors were felt as far away as Kathmandu and even about 600km (375 miles) away in the Indian capital New Delhi, Al Jazeera reported.</span></span></span></p> ', 'published' => true, 'created' => '2023-11-04', 'modified' => '2023-11-04', 'keywords' => 'earthquake, strong, magnitude, US, geological, survey, Hindu, Al, Jazeera, Kathmandu, Nepal, New, Delhi, capital, western, death, toll, killed', 'description' => '', 'sortorder' => '19134', 'image' => '20231104083356_HKC-Jajarkot-4.JPG', 'article_date' => '2023-11-04 08:33:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19405', 'article_category_id' => '1', 'title' => 'Lack of Budget Blamed for Tardy Upgrading Works on Postal Highway ', 'sub_title' => '', 'summary' => 'November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The contractors have been blamed for delaying the construction of the road. Only 31 kilometres of the road have been upgraded in the Kailali section four years after beginning the work.</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"">The total length of the road is 69 kms from the Mohana bridge of Dhangadhi in Kailali to Satti Khakraula. Road upgradation is ongoing in the remaining section, said the Postal Highway Project Office in Dhangadhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 29.5 km road from Lamkichuha in Kailali to Satti Khakraula through Tikapur bazaar area (north south), eight km has been blacktopped. Road upgradation remains from Tikapur to Khakraula. Potholes have developed in the single lane road in the area causing difficulties in transportation, complained the locals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 62 km road from Dokebazaar in Kanchanpur to Daiji bazaar through Belauri, 38 km has been blacktopped in seven years. The section from Dokebazaar to Belauri has been blacktopped while many parts from Belauri to Darji through Beldandi are yet to be tarred. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the previous fiscal year, budget worth Rs 750 million was allocated for upgrading the road. In the current FY, 2023/24, Rs 400 million has been allocated. For upgrading the Kailali section, the contract was awarded in the FY, 2076/77 BS and of the Kanchanpur section in the FY 2073/74. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-03', 'modified' => '2023-11-03', 'keywords' => '', 'description' => '', 'sortorder' => '19133', 'image' => '20231103032751_20230406110040_postal highway facebook.jpg', 'article_date' => '2023-11-03 15:26:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, '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' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </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"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </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"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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"">November 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million.</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, the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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"">Similarly, two micro life insurance companies have collected insurance fees of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19412', 'article_category_id' => '1', 'title' => 'Profit of Banks Falls, Bad Debt Rises', 'sub_title' => '', 'summary' => 'November 5: The effects of slowdown in economic activities due to the Covid-19 pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.', '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"">November 5: The effects of slowdown in economic activities due to the Covid-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.</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 unaudited financial statements issued by commercial banks, there has been a significant decline in the profits of banks in the first quarter of the current fiscal year (FY), while bad debts have increased.</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 average bad loan of commercial banks, which was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the last fiscal year, has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of this year.</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 profit growth rate decreased in the first, second and third quarters of last year, there was an improvement in the fourth quarter. Similarly, bad loans, which had been rising continuously since the beginning of last year, also improved by the end of the year.</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 profit of banks during last year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.94</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. In the fourth quarter, the profit growth rate reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24.93</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">However, the improvement was short lived. In the first quarter of the current fiscal year, the performance of banks has not been satisfactory. The profit of banks decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current year. </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"">By the end of the first quarter of the current fiscal year, commercial banks have earned a total of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13.47</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in net profit. During this period, the profit of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks decreased while that of eight banks increased. </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 profit of Agriculture Development Bank was negative. With the increase in bad loans of the banks, the amount to be set aside for risk management has increased, and the profit has been affected.</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 average bad loans of banks were </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.31</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.04</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. Bad loans were reduced to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the fourth quarter of last fiscal year, but it reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current fiscal year. </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 non-performing loans of Agriculture Development Bank reached the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, followed by Kumari Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.89</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, Nepal Investment Mega’s NPL stood at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent in the review period, followed by Laxmi Sunrise Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.69</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, Himalayan Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.67</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent and Global IME Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">Bad loans have increased along with the decline in economic activities, affecting the recovery of banks' loans. The increase in bad loans indicates that risks are increasing in the financial sector. As the net profit of commercial banks has decreased, the distributable profit to their shareholders has also weakened. </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"">Banks have earned a distributable profit of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</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"">26 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first quarter of the current year. This profit is </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"">percent less than compared to the same period of last fiscal year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19140', 'image' => '20231105014906_Banks - Copy.jpg', 'article_date' => '2023-11-05 13:47:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19411', 'article_category_id' => '1', 'title' => 'Garland Business worth Rs 310 Million Expected during Tihar', 'sub_title' => '', 'summary' => 'November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. The Floriculture Association of Nepal has estimated that during this year's Tihar, the garlands made of Chrysanthemum, Marigold and Globe Amaranth flowers would make a brisk business of Rs 310 million. The association estimates that there will be sales of about 4 million garlands during this Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the association, 80 percent of the market demand for garlands will me met through domestic production and the remaining 20 percent will be fulfilled by importing garlands from India.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">It is estimated that 3.5 million pieces of Marigold flower garlands will be sold during Tihar, the festival of lights. Similarly, it is estimated that 475,000 pieces of Globe Amaranth flower garlands, 20,000 pieces of Chrysanthemum flower garlands and 30,000 pieces of mixed flower garlands will likely be sold during the festival, said Meen Bahadur Tamang, president of the association.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Tamang, the demand for Marigold flower garlands may increase this year compared to last year. During last year's Tihar, 3.1 million pieces of Marigold garlands were sold.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, it is estimated that the price of garlands will also increase this year. The association said that the retail price of a garland of Marigold flower will reach as much as Rs 125 per piece this year. Last year, marigold flower garlands were sold for Rs 100 per piece. Similarly, Chrysanthemum flower garlands will cost up to Rs 1,000 per piece and Globe Amaranth flower garlands will cost up to Rs 50 per piece.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">At present, floriculture is done on 221 hectares of land in 48 districts across the country, in which more than 1,000 businessmen are involved. Also, 44,000 people have got employment in this sector directly and indirectly. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Department of Customs, in the last fiscal year, the export of flowers and floral products from Nepal was worth Rs 68 million, while the import stood at Rs 330 million.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, the Floriculture Association Nepal has decided to provide 50 per cent of the amount collected through the one-day ticket sales from the Godavari Flower Exhibition to the earthquake victims of Jajarkot and Rukum. The association said that 50 per cent of the income earned from the ticket sales on Sunday will be deposited in the fund of the Nepal government for the relief and rescue of the earthquake victims. In addition, the association has also requested its active members to help according to their abilities. The fair, which kicked off on October 31, will be concluded on Sunday, November 5. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19139', 'image' => '20231105011315_Garlands-1.jpg', 'article_date' => '2023-11-05 13:12:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19410', 'article_category_id' => '1', 'title' => 'Beware of Internet Scammers Seeking Help for Earthquake Victims: Nepal Police', 'sub_title' => '', 'summary' => 'November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance.', '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"">November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance. </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 Police has issued a notification asking the general public to be careful from internet scammers while helping the earthquake victims.</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 police have urged in the statement to help the earthquake victims only after ascertaining whether the persons or organizations asking for help are genuine. </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"">"When providing financial or other support to earthquake victims through the Internet or other means, please help only by making sure that the people or organizations asking for help are authorized or not," the police 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"">An earthquake measuring </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6.4 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">magnitude in the Richter scale occurred at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11:47 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on Friday night with its epicenter in Ramidanda of Jajarkot, causing loss of lives and properties in Jajarkot and Rukum West/East and surrounding areas.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19138', 'image' => '20231105120712_1699092860.scmmer.jpg', 'article_date' => '2023-11-05 12:06:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19409', 'article_category_id' => '1', 'title' => 'Seismological Team in Jajarkot to Study the Quake ', 'sub_title' => '', 'summary' => 'November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night. The team is led by senior seismologist Dr Lok Bijaya Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department of Mines and Geology, Ram Prasad Ghimire, said that the team will be carrying out comprehensive study and research on the earthquake. The team will study the depth of the earthquake, the direction of the damage, and the structures damaged by the earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, senior seismologist Dr Adhikari said that the Jajarkot earthquake was not an aftershock of the Bajhang earthquake, but a new earthquake. Four aftershocks have occurred following Friday night’s earthquake that hit Ramidanda of Jajarkot. Aftershock of 4.5 magnitude was recorded the same night at 12:08 pm followed by a 4.2 magnitude aftershock at 12:29 pm, 4.3 magnitude aftershock at 12:35 pm and 4.2 magnitude aftershock at 3:40 on Saturday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 157 people have been confirmed dead in Jajarkot and Rukum West with more than 200 people injured in the earthquake that measured 6.4 in the Richter scale. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19137', 'image' => '20231105112523_HK-Jajarkot-IMG_9219.jpg', 'article_date' => '2023-11-05 11:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19408', 'article_category_id' => '1', 'title' => 'Government to Provide Free Treatment for Quake Injured ', 'sub_title' => '', 'summary' => 'November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. As per the cabinet decision, all the hospitals will provide treatment to the victims free of cost. The government will bear the cost of the treatment of the quake victims. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Health and Population Mohan Bahadur Basnet told journalists that rescue of the quake survivors have been almost completed and all the hospitals including those in Kathmandu are on standby for providing treatment to the needy. </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"">He also shared that a decision was taken to move ahead with the post-quake relief and rehabilitation work, learning from the lessons of the Gorkha Earthquake. </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"">Meanwhile, the government will decide in which areas it shall seek assistance from neighbors and friendly countries after further discussion on the matter. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19136', 'image' => '20231105105033_RM-Khajura.JPG', 'article_date' => '2023-11-05 10:49:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19407', 'article_category_id' => '1', 'title' => 'Jajarkot Earthquake Update: 157 Dead, 202 Injured', 'sub_title' => '', 'summary' => 'The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">105 people have died in Jajarkot district, and 52 in Rukum West, according to Thapa. The earthquake measuring 6.4 on the Richter scale struck Jajarkot and West Rukum on Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, as many as 202 individuals were injured including 105 in Jajarkot, 85 in West Rukum, 3 people each in Dailekh and Baitadi, 5 in Jumla, and 1 in Rolpa.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Nepali Army, Nepal Police, Armed Police Force, and local residents are actively involved in rescue and relief efforts in the quake-affected areas. For rescue and relief operations in the tremor-hit areas, five helicopters and aircraft have been used. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19135', 'image' => '20231105061038_collage (2).jpg', 'article_date' => '2023-11-05 06:08:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19406', 'article_category_id' => '1', 'title' => 'At Least 128 Killed as Strong Quake Jolts Jajarkot', 'sub_title' => '', 'summary' => 'November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.</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 Hindu newspaper of India, citing authorities in Nepal, put the death toll at 128, including 80 in Jajarkot – the epicenter of the quake.</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 earthquake measuring 6.4 in the Richter scale occurred at 11:47 pm on Friday, with Ramidanda of Jajarkot as the epicenter, the state-owned RSS reported. </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 US Geological Survey however put the magnitude at 5.6 and said it was just 18 kilometres (11 miles) deep. </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 death toll is expected to rise as hundreds of people have been injured, Chief District Officer of Jajarkot Suresh Sunar told RSS.</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"">According to RSS, the earthquake has severely hit Bheri, Nalgad, Kushe, Barekot and Chedagad areas in the district. All the security forces in the district have been mobilized in the search and rescue work, RSS quoted CDO Sunar as saying. </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"">Among the dead also includes Deputy Mayor of Nalgad Municipality Sarita Singh, according to Deputy Superintendent of Police of Jajarkot Santosh Rokka. </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 tremors were felt as far away as Kathmandu and even about 600km (375 miles) away in the Indian capital New Delhi, Al Jazeera reported.</span></span></span></p> ', 'published' => true, 'created' => '2023-11-04', 'modified' => '2023-11-04', 'keywords' => 'earthquake, strong, magnitude, US, geological, survey, Hindu, Al, Jazeera, Kathmandu, Nepal, New, Delhi, capital, western, death, toll, killed', 'description' => '', 'sortorder' => '19134', 'image' => '20231104083356_HKC-Jajarkot-4.JPG', 'article_date' => '2023-11-04 08:33:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19405', 'article_category_id' => '1', 'title' => 'Lack of Budget Blamed for Tardy Upgrading Works on Postal Highway ', 'sub_title' => '', 'summary' => 'November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The contractors have been blamed for delaying the construction of the road. Only 31 kilometres of the road have been upgraded in the Kailali section four years after beginning the work.</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"">The total length of the road is 69 kms from the Mohana bridge of Dhangadhi in Kailali to Satti Khakraula. Road upgradation is ongoing in the remaining section, said the Postal Highway Project Office in Dhangadhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 29.5 km road from Lamkichuha in Kailali to Satti Khakraula through Tikapur bazaar area (north south), eight km has been blacktopped. Road upgradation remains from Tikapur to Khakraula. Potholes have developed in the single lane road in the area causing difficulties in transportation, complained the locals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 62 km road from Dokebazaar in Kanchanpur to Daiji bazaar through Belauri, 38 km has been blacktopped in seven years. The section from Dokebazaar to Belauri has been blacktopped while many parts from Belauri to Darji through Beldandi are yet to be tarred. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the previous fiscal year, budget worth Rs 750 million was allocated for upgrading the road. In the current FY, 2023/24, Rs 400 million has been allocated. For upgrading the Kailali section, the contract was awarded in the FY, 2076/77 BS and of the Kanchanpur section in the FY 2073/74. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-03', 'modified' => '2023-11-03', 'keywords' => '', 'description' => '', 'sortorder' => '19133', 'image' => '20231103032751_20230406110040_postal highway facebook.jpg', 'article_date' => '2023-11-03 15:26:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, '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' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </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"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </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"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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"">November 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million.</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, the </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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 first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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"">Similarly, two micro life insurance companies have collected insurance fees of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19412', 'article_category_id' => '1', 'title' => 'Profit of Banks Falls, Bad Debt Rises', 'sub_title' => '', 'summary' => 'November 5: The effects of slowdown in economic activities due to the Covid-19 pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.', '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"">November 5: The effects of slowdown in economic activities due to the Covid-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">pandemic and the Russia-Ukraine war have now started to be seen in the financial statements of banks.</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 unaudited financial statements issued by commercial banks, there has been a significant decline in the profits of banks in the first quarter of the current fiscal year (FY), while bad debts have increased.</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 average bad loan of commercial banks, which was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the last fiscal year, has reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of this year.</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 profit growth rate decreased in the first, second and third quarters of last year, there was an improvement in the fourth quarter. Similarly, bad loans, which had been rising continuously since the beginning of last year, also improved by the end of the year.</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 profit of banks during last year increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.94</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11.67</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. In the fourth quarter, the profit growth rate reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24.93</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">However, the improvement was short lived. In the first quarter of the current fiscal year, the performance of banks has not been satisfactory. The profit of banks decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current year. </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"">By the end of the first quarter of the current fiscal year, commercial banks have earned a total of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13.47</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in net profit. During this period, the profit of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> banks decreased while that of eight banks increased. </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 profit of Agriculture Development Bank was negative. With the increase in bad loans of the banks, the amount to be set aside for risk management has increased, and the profit has been affected.</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 average bad loans of banks were </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.71</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.31</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the second quarter and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.04</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the third quarter. Bad loans were reduced to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the fourth quarter of last fiscal year, but it reached </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in the first quarter of the current fiscal year. </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 non-performing loans of Agriculture Development Bank reached the highest at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.33</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, followed by Kumari Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.89</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent, Nepal Investment Mega’s NPL stood at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.83</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent in the review period, followed by Laxmi Sunrise Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.69</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, Himalayan Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.67</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent and Global IME Bank at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> 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"">Bad loans have increased along with the decline in economic activities, affecting the recovery of banks' loans. The increase in bad loans indicates that risks are increasing in the financial sector. As the net profit of commercial banks has decreased, the distributable profit to their shareholders has also weakened. </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"">Banks have earned a distributable profit of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</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"">26 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first quarter of the current year. This profit is </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"">percent less than compared to the same period of last fiscal year.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19140', 'image' => '20231105014906_Banks - Copy.jpg', 'article_date' => '2023-11-05 13:47:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19411', 'article_category_id' => '1', 'title' => 'Garland Business worth Rs 310 Million Expected during Tihar', 'sub_title' => '', 'summary' => 'November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 5: The business of flower garlands during this year’s Tihar festival is expected to have a turnover of Rs 310 million. The Floriculture Association of Nepal has estimated that during this year's Tihar, the garlands made of Chrysanthemum, Marigold and Globe Amaranth flowers would make a brisk business of Rs 310 million. The association estimates that there will be sales of about 4 million garlands during this Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the association, 80 percent of the market demand for garlands will me met through domestic production and the remaining 20 percent will be fulfilled by importing garlands from India.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">It is estimated that 3.5 million pieces of Marigold flower garlands will be sold during Tihar, the festival of lights. Similarly, it is estimated that 475,000 pieces of Globe Amaranth flower garlands, 20,000 pieces of Chrysanthemum flower garlands and 30,000 pieces of mixed flower garlands will likely be sold during the festival, said Meen Bahadur Tamang, president of the association.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Tamang, the demand for Marigold flower garlands may increase this year compared to last year. During last year's Tihar, 3.1 million pieces of Marigold garlands were sold.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, it is estimated that the price of garlands will also increase this year. The association said that the retail price of a garland of Marigold flower will reach as much as Rs 125 per piece this year. Last year, marigold flower garlands were sold for Rs 100 per piece. Similarly, Chrysanthemum flower garlands will cost up to Rs 1,000 per piece and Globe Amaranth flower garlands will cost up to Rs 50 per piece.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">At present, floriculture is done on 221 hectares of land in 48 districts across the country, in which more than 1,000 businessmen are involved. Also, 44,000 people have got employment in this sector directly and indirectly. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to the Department of Customs, in the last fiscal year, the export of flowers and floral products from Nepal was worth Rs 68 million, while the import stood at Rs 330 million.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Meanwhile, the Floriculture Association Nepal has decided to provide 50 per cent of the amount collected through the one-day ticket sales from the Godavari Flower Exhibition to the earthquake victims of Jajarkot and Rukum. The association said that 50 per cent of the income earned from the ticket sales on Sunday will be deposited in the fund of the Nepal government for the relief and rescue of the earthquake victims. In addition, the association has also requested its active members to help according to their abilities. The fair, which kicked off on October 31, will be concluded on Sunday, November 5. </span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19139', 'image' => '20231105011315_Garlands-1.jpg', 'article_date' => '2023-11-05 13:12:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19410', 'article_category_id' => '1', 'title' => 'Beware of Internet Scammers Seeking Help for Earthquake Victims: Nepal Police', 'sub_title' => '', 'summary' => 'November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance.', '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"">November 5: The Nepal Police has requested one and all to be alert as scammers can use the internet or other means to defraud people in the name of earthquake victims by seeking financial assistance. </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 Police has issued a notification asking the general public to be careful from internet scammers while helping the earthquake victims.</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 police have urged in the statement to help the earthquake victims only after ascertaining whether the persons or organizations asking for help are genuine. </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"">"When providing financial or other support to earthquake victims through the Internet or other means, please help only by making sure that the people or organizations asking for help are authorized or not," the police 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"">An earthquake measuring </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6.4 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">magnitude in the Richter scale occurred at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11:47 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on Friday night with its epicenter in Ramidanda of Jajarkot, causing loss of lives and properties in Jajarkot and Rukum West/East and surrounding areas.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19138', 'image' => '20231105120712_1699092860.scmmer.jpg', 'article_date' => '2023-11-05 12:06:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19409', 'article_category_id' => '1', 'title' => 'Seismological Team in Jajarkot to Study the Quake ', 'sub_title' => '', 'summary' => 'November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A team of National Earthquake Monitoring and Research Center, Lainchaur has reached Jajarkot to carry out further study and research on the earthquake that occurred on Friday night. The team is led by senior seismologist Dr Lok Bijaya Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Director General of the Department of Mines and Geology, Ram Prasad Ghimire, said that the team will be carrying out comprehensive study and research on the earthquake. The team will study the depth of the earthquake, the direction of the damage, and the structures damaged by the earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, senior seismologist Dr Adhikari said that the Jajarkot earthquake was not an aftershock of the Bajhang earthquake, but a new earthquake. Four aftershocks have occurred following Friday night’s earthquake that hit Ramidanda of Jajarkot. Aftershock of 4.5 magnitude was recorded the same night at 12:08 pm followed by a 4.2 magnitude aftershock at 12:29 pm, 4.3 magnitude aftershock at 12:35 pm and 4.2 magnitude aftershock at 3:40 on Saturday afternoon. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, 157 people have been confirmed dead in Jajarkot and Rukum West with more than 200 people injured in the earthquake that measured 6.4 in the Richter scale. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19137', 'image' => '20231105112523_HK-Jajarkot-IMG_9219.jpg', 'article_date' => '2023-11-05 11:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19408', 'article_category_id' => '1', 'title' => 'Government to Provide Free Treatment for Quake Injured ', 'sub_title' => '', 'summary' => 'November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: An emergency meeting of the Council of Ministers held on Sunday morning has decided to provide free medical treatment for those injured in Friday night's earthquake in Jajarkot and Rukum Paschim. As per the cabinet decision, all the hospitals will provide treatment to the victims free of cost. The government will bear the cost of the treatment of the quake victims. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Health and Population Mohan Bahadur Basnet told journalists that rescue of the quake survivors have been almost completed and all the hospitals including those in Kathmandu are on standby for providing treatment to the needy. </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"">He also shared that a decision was taken to move ahead with the post-quake relief and rehabilitation work, learning from the lessons of the Gorkha Earthquake. </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"">Meanwhile, the government will decide in which areas it shall seek assistance from neighbors and friendly countries after further discussion on the matter. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19136', 'image' => '20231105105033_RM-Khajura.JPG', 'article_date' => '2023-11-05 10:49:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19407', 'article_category_id' => '1', 'title' => 'Jajarkot Earthquake Update: 157 Dead, 202 Injured', 'sub_title' => '', 'summary' => 'The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The death toll from the earthquake with epicenter in Jajarkot has reached 157 till date. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Assistant Spokesperson of the Armed Police Force, DSP Shailendra Thapa, the death toll has reached 157 as of Saturday afternoon. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">105 people have died in Jajarkot district, and 52 in Rukum West, according to Thapa. The earthquake measuring 6.4 on the Richter scale struck Jajarkot and West Rukum on Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, as many as 202 individuals were injured including 105 in Jajarkot, 85 in West Rukum, 3 people each in Dailekh and Baitadi, 5 in Jumla, and 1 in Rolpa.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Nepali Army, Nepal Police, Armed Police Force, and local residents are actively involved in rescue and relief efforts in the quake-affected areas. For rescue and relief operations in the tremor-hit areas, five helicopters and aircraft have been used. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19135', 'image' => '20231105061038_collage (2).jpg', 'article_date' => '2023-11-05 06:08:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19406', 'article_category_id' => '1', 'title' => 'At Least 128 Killed as Strong Quake Jolts Jajarkot', 'sub_title' => '', 'summary' => 'November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 4: At least 80 people have been killed and hundreds injured in western Nepal following a strong earthquake that hit Jajarkot district on Friday night.</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 Hindu newspaper of India, citing authorities in Nepal, put the death toll at 128, including 80 in Jajarkot – the epicenter of the quake.</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 earthquake measuring 6.4 in the Richter scale occurred at 11:47 pm on Friday, with Ramidanda of Jajarkot as the epicenter, the state-owned RSS reported. </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 US Geological Survey however put the magnitude at 5.6 and said it was just 18 kilometres (11 miles) deep. </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 death toll is expected to rise as hundreds of people have been injured, Chief District Officer of Jajarkot Suresh Sunar told RSS.</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"">According to RSS, the earthquake has severely hit Bheri, Nalgad, Kushe, Barekot and Chedagad areas in the district. All the security forces in the district have been mobilized in the search and rescue work, RSS quoted CDO Sunar as saying. </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"">Among the dead also includes Deputy Mayor of Nalgad Municipality Sarita Singh, according to Deputy Superintendent of Police of Jajarkot Santosh Rokka. </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 tremors were felt as far away as Kathmandu and even about 600km (375 miles) away in the Indian capital New Delhi, Al Jazeera reported.</span></span></span></p> ', 'published' => true, 'created' => '2023-11-04', 'modified' => '2023-11-04', 'keywords' => 'earthquake, strong, magnitude, US, geological, survey, Hindu, Al, Jazeera, Kathmandu, Nepal, New, Delhi, capital, western, death, toll, killed', 'description' => '', 'sortorder' => '19134', 'image' => '20231104083356_HKC-Jajarkot-4.JPG', 'article_date' => '2023-11-04 08:33:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19405', 'article_category_id' => '1', 'title' => 'Lack of Budget Blamed for Tardy Upgrading Works on Postal Highway ', 'sub_title' => '', 'summary' => 'November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 3: The work of upgrading the Kailali-Kanchanpur road section under the Postal Highway, a national pride project, has been sluggish in recent years thanks to the insufficient budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The contractors have been blamed for delaying the construction of the road. Only 31 kilometres of the road have been upgraded in the Kailali section four years after beginning the work.</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"">The total length of the road is 69 kms from the Mohana bridge of Dhangadhi in Kailali to Satti Khakraula. Road upgradation is ongoing in the remaining section, said the Postal Highway Project Office in Dhangadhi. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 29.5 km road from Lamkichuha in Kailali to Satti Khakraula through Tikapur bazaar area (north south), eight km has been blacktopped. Road upgradation remains from Tikapur to Khakraula. Potholes have developed in the single lane road in the area causing difficulties in transportation, complained the locals. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 62 km road from Dokebazaar in Kanchanpur to Daiji bazaar through Belauri, 38 km has been blacktopped in seven years. The section from Dokebazaar to Belauri has been blacktopped while many parts from Belauri to Darji through Beldandi are yet to be tarred. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the previous fiscal year, budget worth Rs 750 million was allocated for upgrading the road. In the current FY, 2023/24, Rs 400 million has been allocated. For upgrading the Kailali section, the contract was awarded in the FY, 2076/77 BS and of the Kanchanpur section in the FY 2073/74. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-03', 'modified' => '2023-11-03', 'keywords' => '', 'description' => '', 'sortorder' => '19133', 'image' => '20231103032751_20230406110040_postal highway facebook.jpg', 'article_date' => '2023-11-03 15:26:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, '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
