October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation.…
October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation.…
October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading…
October 31: The Westerly wind is having a partial influence in Nepal at…
Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the…
Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable…
The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week,…
October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on…
October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain…
October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19…
October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch.…
October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary…
October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable…
The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19…
October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88…
Sagarmatha Lumbini Insurance Company has provided training to its employees. The company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and…
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19359', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Choice among Domestic Tourists', 'sub_title' => '', 'summary' => 'October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays. He said, "I had been planning to visit Manang since a long time, but this year, I finally got the time to visit this beautiful place."</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"">Like Tamrakar, Hari Tamang of Nuwakot is busy enjoying the natural beauty of Manang. According to Tamang, it is necessary to get proper information before the visit because the situation is getting colder and the risk is higher. He said that he is thoroughly enjoying the hospitality of Manang along with the experience of various customs, rituals, culture and traditions. “After coming here, you won’t feel like going back, you will want to keep enjoying the nature here,” said Tamang.</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"">In recent years, the trend of Nepalis visiting various places has increased. They have started making full use of the vacation time. Nepalese returning home from abroad to celebrate Dashain and Tihar and students studying in colleges take advantage of the long vacation to visit Manang. Now, domestic tourists coming from different parts of Nepal to the Himalayan district of Manang have increased.</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"">Thuten Lama, ward chairman of Nason Rural Municipality-1, said that the trend of Nepalis traveling within the country has increased which is evident from the rise in number of domestic tourists. According to him, the number of domestic tourists who come to Manang on a daily basis during the Dashain holiday has increased significantly. </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"">With the increase in domestic tourists, businessmen are happy with the expectation that the business that slowed down due to Covid-19 will pick up pace.</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"">“With the arrival of domestic tourists, we are jam packed with work,” said Baburam Tamang, a hotel businessman, adding that 1,500 domestic tourists visit Manang daily during Dashain holidays. He said that now all the hotels in Manang are fully occupied.</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"">When domestic tourists visit Manang, the business of hotel and tourism increases. Binod Gurung, President of the Manang Association of Tourism Entrepreneurs said that the arrival of domestic tourists along with foreign tourists has breathed a new life to the business which was stagnant for two years due to the Covid-19 pandemic. He suggested that tourists should get the necessary information for accommodation as there may be a problem of not getting a hotel in the cold weather.</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"">"Only foreigners used to arrive here during this season in the past. Now, the arrival of domestic tourists has added great enthusiasm,” said Gurung. He further said that there are tourists in all types of hotels because this is the peak season. The best time to visit Manang is during the winter and before the beginning of the rainy season.</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"">In addition to seeing the Himalayan mountain peaks, Manang offers the visitors the experience of its unique customs and natural beauty. Some travel to Mustang from Manang en route to Pokhara through the Thorangla Pass. A large number of tourists visit Manang while trekking along the Annapurna Circuit. The entrance to Annapurna Circuit is Lamjung’s Besisahar, which leads to Manange Chautara. Tourists start their journey from here and travel to Mustang. The Annapurna Circuit covers five districts including Lamjung, Manang, Mustang, Myagdi and Kaski.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19087', 'image' => '20231030012939_20220928123415_Manang.jpg', 'article_date' => '2023-10-30 13:28:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19358', 'article_category_id' => '1', 'title' => 'Flower Business Expands by 33 Percent', 'sub_title' => '', 'summary' => 'October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. </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"">In the fiscal year (FY) 2075/76, the flower business saw an annual turnover of Rs 2.42 billion, but due to the impact of the Covid-19 pandemic, the turnover slumped to Rs 1.63 billion in the following two years – FY 2076/77 and FY 2077/78. However, the business increased in the following years.</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, in the fiscal year 2078/79, the turnover was worth Rs 2.3 billion, which increased to Rs 3.7 billion in FY 2079/80.</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"">Min Bahadur Tamang, president of the association, said that under normal conditions, the flower business grows by 10 to 15 percent annually, but it slowed down due to Covid-19 pandemic. He says that there has been improvement since the last two years.</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, at present, 221 hectares of land in 48 districts are cultivated with flowers. More than 1,000 farmers are involved in floriculture in Nepal while 44,000 people are employed directly and indirectly in this business.</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 data of the Department of Customs, in FY 2079/80, flowers and floral products worth Rs 6.8 million were exported from Nepal while the imports accounted to Rs 33 million.</span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">16th Godavari Flower Exhibition</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"">The 16th Godavari Flower Exhibition is going to be held from October 31 to November 4 with the slogan 'Plant Chrysanthemum flowers, decorate your house and yard'. Aiming at the upcoming Tihar and Chhath festivals, the association is going to hold exhibition this year just like every year.</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"">There will be 55 commercial stalls, two competitive stalls and five informational stalls in the exhibition to be held at the Jawalakhel sports ground in Lalitpur.</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 more than 40,000 people will observe the exhibition, which will be inaugurated by Agriculture and Livestock Development Minister Beduram Bhusal. Fair coordinator Sitaram Panta said that they are expecting transaction of more than Rs 10 million at the exhibition. Organizers believe that this fair will help in commercial promotion of Chrysanthemum flower, development of timely varieties of flowers and to ensure quality production.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19086', 'image' => '20231030012753_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-30 13:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19357', 'article_category_id' => '1', 'title' => 'Hetauda Cement Industry Halts Production due to Shortage of Coal ', 'sub_title' => '', 'summary' => 'October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. The industry consumes 3,600 metric tonnes coal per month. General Manager of the industry Basanta Raj Pandey said that the industry was in operation before the start of the Dashain festival and had produced 300,000 sacks of cement during that period. He shared that they had to suspend production as they could not buy coal from third countries due to financial crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, the line minister and the secretary of the Ministry of Industry, Commerce and Supplies have been informed of this dire situation of the industry, and the production can be resumed if the federal government provides financial assistance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that preparation has been made for selling a total 300,000 sacks of cement to various cities, including Kathmandu, and the income from this would be used for purchasing coal. </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 Hetauda Cement Industry has around 390 employees. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19085', 'image' => '20231030125618_20230224111424_cementtttt.jpg', 'article_date' => '2023-10-30 12:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19356', 'article_category_id' => '1', 'title' => 'Nepal Seeks Leadership Role in UN Peacekeeping Mission ', 'sub_title' => '', 'summary' => 'October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the visiting UN Secretary-General Antonio Guterres at Shital Niwas on Sunday, President Paudel called for serious attention to this end stating that Nepal was facing serious impacts of climate change though Nepal itself was not a cause of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Paudel's press advisor Kiran Pokharel said that the president urged the UN delegation to take initiatives to prod the developed countries to fulfill their responsibilities on the climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We are not the cause of climate change. We are suffering due to excessive carbon emissions from other countries. Against this backdrop, the UN should ask the polluters to fulfill their responsibilities. We faced the impacts of the climate change and now the entire world and humanity has to suffer. So, let's make collective efforts against this. The UN should take its leadership," press advisor Pokharel quoted the president as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President Paudel said that the Government of Nepal was working to complete the remaining tasks of the peace process as per the Comprehensive Peace Accord. President Paudel also made commitment to complete the remaining tasks of the peace process on the basis of principle of reconciliation by considering the court's verdicts and also the concerns of the UN. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, President Paudel requested the UN secretary-general to provide leading responsibility to Nepal stating that Nepal is the second largest contributor to the UN Peacekeeping Mission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the UN Secretary-General said that he arrived in Nepal to give a message to the world about the negative impacts of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also shared his three agendas of visit to Nepal and said that they are giving message to the world about Nepal's successful peace process, impacts of climate change and reducing inequality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Foreign Affairs Minister Narayan Prakash Saud, advisors at the Office of the President and high-ranking officials of the Ministry of Foreign Affairs. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19084', 'image' => '20231030070651_ANI_2463.JPG', 'article_date' => '2023-10-30 07:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19355', 'article_category_id' => '1', 'title' => 'India's New Policy Likely to Secure Good Market for Nepal's Hydropower Sector', 'sub_title' => '', 'summary' => 'October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Publishing a notice in the Gazette of India on October 20, the Ministry of Electricity and Renewable Energy of India has specified the minimum share of imported hydroelectricity under its renewable energy. The notice reads that the new policy will be valid from 2024 to 2030. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new rule, the Government of India has fixed the quota of Hydropower Purchase Obligation (HPO) for licensed distribution companies and purchasers of India considering the imported hydroelectricity from neighboring countries as its renewable energy source. Until now, the HPO rule had been valid only for the hydroelectricity generated in India.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">India has set the target to increase the share of renewable energy in its energy consumption to 29.91 percent by 2025, and to 43.33 percent by 2030. For this, the hydropower sector is expected to contribute 0.38 percent by 2025 and 1.33 percent by 2030.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, India has allowed considering the output of only those hydropower plants that will start their production after March 31, 2024. The new provision talks about making it mandatory for the companies concerned to maintain the specified share of HPO within the given timeline.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Executive Director of Nepal Electricity Authority (NEA) Kulman Ghising said that if the new system of compulsory hydropower purchase is implemented, it will benefit Nepal, India and Bhutan. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We had been urging India for a long time to arrange for the inclusion of electricity purchased from hydropower projects outside its country in the HPO, and now it has been included. This will make it easier for India's electricity distribution companies and buyers to purchase electricity from hydropower projects in Nepal," Executive Director Ghising said, adding, "If this system is implemented practically, Nepal's hydropower will get a good market in India."</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA has been exporting surplus electricity to India during the rainy season. The NEA has been selling around 110 MW of electricity to the Indian company NTPC Vidyut Vyar Nigam Ltd (NVVN) through competitive bids in the day-ahead market of IEX and under the medium-term power agreement. NVVN is selling the electricity purchased from Nepal in the state of Haryana.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Nepal Electricity Authority has received approval for the export of 632 MW to India including 522 MW of electricity in the competitive market of India and 110 MW to NVVN.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA exported electricity worth Rs 11.80 billion to India from mid-May to mid-October.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal has set an ambitious target of producing 15,000 MW of electricity by 2030. Due to its failure to export adequate amount of electricity, the country has been facing wastage of around 500 MW of electricity on a daily basis.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19083', 'image' => '20231030070550_Grid.jpg', 'article_date' => '2023-10-30 07:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19352', 'article_category_id' => '1', 'title' => 'Thai Airways International Resumes Kathmandu-Bangkok Flights', 'sub_title' => '', 'summary' => 'The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"> October 29: The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">General Manager of Tribhuvan International Airport (TIA) Pratap Babu Tiwari confirmed that the Thai Airways International restarted its flight. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">Likewise, the flights of Thai Smile stopped its flight to Kathmandu from October 29 itself.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The Thai Airways International had begun its service in Nepal in December 1968. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The TIA Office has said that Nepal's international flights reached the pre-COVID-19 status. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19082', 'image' => '20231030064108_collage (5).jpg', 'article_date' => '2023-10-30 06:39:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19354', 'article_category_id' => '1', 'title' => 'Nepal's Trade Deficit Rises to Rs 366 Billion', 'sub_title' => '', 'summary' => 'October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the same period last year, the trade deficit was over Rs 359.17 billion. The trade deficit has inclined due to the increase in imports while the exports from Nepal have not increased in the same proportion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the data released by the Department of Customs on Sunday, Nepal imported goods worth Rs 407.75 billion in the review period while the exports stood at just Rs 40.87 billion. According to the Department of Customs, the trade deficit this year has increased by 2.15 percent compared to the corresponding period of the previous fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This year, the share of imported goods has increased by 1.69 percent compared to last year. On the other hand, Nepal's exports decreased by 2.26 percent during the review period, according to the data of the Department of Customs. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has the largest trade deficit with India. In the three months of the current fiscal year, Nepal's trade deficit with India stood at Rs 224.36 billion. Similarly, the trade deficit with China was Rs 79.8 billion, according to the department.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has a trade deficit of Rs 5.55 billion with the UAE, Rs 4.73 billion with Ukraine and Rs 4.5 billion with Malaysia.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19081', 'image' => '20231030064416_Trade.jpg', 'article_date' => '2023-10-30 06:43:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19351', 'article_category_id' => '1', 'title' => 'Sagarmatha Lumbini Insurance Company Imparts Two-Day Training Programmes to Employees', 'sub_title' => '', 'summary' => 'Sagarmatha Lumbini Insurance Company has provided training to its employees. The company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 30: Sagarmatha Lumbini Insurance Company has provided training to its employees. T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kushum Sharma, the Chief of the Madhes Province Office of the Nepal Insurance Regulatory Authority, was the chief guest at the programme. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">National Coordinator, Provincial Chief, and Department Heads of Sagarmatha Lumbini Insurance Company gave their respective presentations to the participants.</span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19080', 'image' => '20231030062652_collage (4).jpg', 'article_date' => '2023-10-30 06:25:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $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
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19359', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Choice among Domestic Tourists', 'sub_title' => '', 'summary' => 'October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays. He said, "I had been planning to visit Manang since a long time, but this year, I finally got the time to visit this beautiful place."</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"">Like Tamrakar, Hari Tamang of Nuwakot is busy enjoying the natural beauty of Manang. According to Tamang, it is necessary to get proper information before the visit because the situation is getting colder and the risk is higher. He said that he is thoroughly enjoying the hospitality of Manang along with the experience of various customs, rituals, culture and traditions. “After coming here, you won’t feel like going back, you will want to keep enjoying the nature here,” said Tamang.</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"">In recent years, the trend of Nepalis visiting various places has increased. They have started making full use of the vacation time. Nepalese returning home from abroad to celebrate Dashain and Tihar and students studying in colleges take advantage of the long vacation to visit Manang. Now, domestic tourists coming from different parts of Nepal to the Himalayan district of Manang have increased.</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"">Thuten Lama, ward chairman of Nason Rural Municipality-1, said that the trend of Nepalis traveling within the country has increased which is evident from the rise in number of domestic tourists. According to him, the number of domestic tourists who come to Manang on a daily basis during the Dashain holiday has increased significantly. </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"">With the increase in domestic tourists, businessmen are happy with the expectation that the business that slowed down due to Covid-19 will pick up pace.</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"">“With the arrival of domestic tourists, we are jam packed with work,” said Baburam Tamang, a hotel businessman, adding that 1,500 domestic tourists visit Manang daily during Dashain holidays. He said that now all the hotels in Manang are fully occupied.</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"">When domestic tourists visit Manang, the business of hotel and tourism increases. Binod Gurung, President of the Manang Association of Tourism Entrepreneurs said that the arrival of domestic tourists along with foreign tourists has breathed a new life to the business which was stagnant for two years due to the Covid-19 pandemic. He suggested that tourists should get the necessary information for accommodation as there may be a problem of not getting a hotel in the cold weather.</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"">"Only foreigners used to arrive here during this season in the past. Now, the arrival of domestic tourists has added great enthusiasm,” said Gurung. He further said that there are tourists in all types of hotels because this is the peak season. The best time to visit Manang is during the winter and before the beginning of the rainy season.</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"">In addition to seeing the Himalayan mountain peaks, Manang offers the visitors the experience of its unique customs and natural beauty. Some travel to Mustang from Manang en route to Pokhara through the Thorangla Pass. A large number of tourists visit Manang while trekking along the Annapurna Circuit. The entrance to Annapurna Circuit is Lamjung’s Besisahar, which leads to Manange Chautara. Tourists start their journey from here and travel to Mustang. The Annapurna Circuit covers five districts including Lamjung, Manang, Mustang, Myagdi and Kaski.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19087', 'image' => '20231030012939_20220928123415_Manang.jpg', 'article_date' => '2023-10-30 13:28:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19358', 'article_category_id' => '1', 'title' => 'Flower Business Expands by 33 Percent', 'sub_title' => '', 'summary' => 'October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. </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"">In the fiscal year (FY) 2075/76, the flower business saw an annual turnover of Rs 2.42 billion, but due to the impact of the Covid-19 pandemic, the turnover slumped to Rs 1.63 billion in the following two years – FY 2076/77 and FY 2077/78. However, the business increased in the following years.</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, in the fiscal year 2078/79, the turnover was worth Rs 2.3 billion, which increased to Rs 3.7 billion in FY 2079/80.</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"">Min Bahadur Tamang, president of the association, said that under normal conditions, the flower business grows by 10 to 15 percent annually, but it slowed down due to Covid-19 pandemic. He says that there has been improvement since the last two years.</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, at present, 221 hectares of land in 48 districts are cultivated with flowers. More than 1,000 farmers are involved in floriculture in Nepal while 44,000 people are employed directly and indirectly in this business.</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 data of the Department of Customs, in FY 2079/80, flowers and floral products worth Rs 6.8 million were exported from Nepal while the imports accounted to Rs 33 million.</span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">16th Godavari Flower Exhibition</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"">The 16th Godavari Flower Exhibition is going to be held from October 31 to November 4 with the slogan 'Plant Chrysanthemum flowers, decorate your house and yard'. Aiming at the upcoming Tihar and Chhath festivals, the association is going to hold exhibition this year just like every year.</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"">There will be 55 commercial stalls, two competitive stalls and five informational stalls in the exhibition to be held at the Jawalakhel sports ground in Lalitpur.</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 more than 40,000 people will observe the exhibition, which will be inaugurated by Agriculture and Livestock Development Minister Beduram Bhusal. Fair coordinator Sitaram Panta said that they are expecting transaction of more than Rs 10 million at the exhibition. Organizers believe that this fair will help in commercial promotion of Chrysanthemum flower, development of timely varieties of flowers and to ensure quality production.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19086', 'image' => '20231030012753_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-30 13:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19357', 'article_category_id' => '1', 'title' => 'Hetauda Cement Industry Halts Production due to Shortage of Coal ', 'sub_title' => '', 'summary' => 'October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. The industry consumes 3,600 metric tonnes coal per month. General Manager of the industry Basanta Raj Pandey said that the industry was in operation before the start of the Dashain festival and had produced 300,000 sacks of cement during that period. He shared that they had to suspend production as they could not buy coal from third countries due to financial crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, the line minister and the secretary of the Ministry of Industry, Commerce and Supplies have been informed of this dire situation of the industry, and the production can be resumed if the federal government provides financial assistance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that preparation has been made for selling a total 300,000 sacks of cement to various cities, including Kathmandu, and the income from this would be used for purchasing coal. </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 Hetauda Cement Industry has around 390 employees. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19085', 'image' => '20231030125618_20230224111424_cementtttt.jpg', 'article_date' => '2023-10-30 12:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19356', 'article_category_id' => '1', 'title' => 'Nepal Seeks Leadership Role in UN Peacekeeping Mission ', 'sub_title' => '', 'summary' => 'October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the visiting UN Secretary-General Antonio Guterres at Shital Niwas on Sunday, President Paudel called for serious attention to this end stating that Nepal was facing serious impacts of climate change though Nepal itself was not a cause of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Paudel's press advisor Kiran Pokharel said that the president urged the UN delegation to take initiatives to prod the developed countries to fulfill their responsibilities on the climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We are not the cause of climate change. We are suffering due to excessive carbon emissions from other countries. Against this backdrop, the UN should ask the polluters to fulfill their responsibilities. We faced the impacts of the climate change and now the entire world and humanity has to suffer. So, let's make collective efforts against this. The UN should take its leadership," press advisor Pokharel quoted the president as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President Paudel said that the Government of Nepal was working to complete the remaining tasks of the peace process as per the Comprehensive Peace Accord. President Paudel also made commitment to complete the remaining tasks of the peace process on the basis of principle of reconciliation by considering the court's verdicts and also the concerns of the UN. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, President Paudel requested the UN secretary-general to provide leading responsibility to Nepal stating that Nepal is the second largest contributor to the UN Peacekeeping Mission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the UN Secretary-General said that he arrived in Nepal to give a message to the world about the negative impacts of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also shared his three agendas of visit to Nepal and said that they are giving message to the world about Nepal's successful peace process, impacts of climate change and reducing inequality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Foreign Affairs Minister Narayan Prakash Saud, advisors at the Office of the President and high-ranking officials of the Ministry of Foreign Affairs. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19084', 'image' => '20231030070651_ANI_2463.JPG', 'article_date' => '2023-10-30 07:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19355', 'article_category_id' => '1', 'title' => 'India's New Policy Likely to Secure Good Market for Nepal's Hydropower Sector', 'sub_title' => '', 'summary' => 'October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Publishing a notice in the Gazette of India on October 20, the Ministry of Electricity and Renewable Energy of India has specified the minimum share of imported hydroelectricity under its renewable energy. The notice reads that the new policy will be valid from 2024 to 2030. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new rule, the Government of India has fixed the quota of Hydropower Purchase Obligation (HPO) for licensed distribution companies and purchasers of India considering the imported hydroelectricity from neighboring countries as its renewable energy source. Until now, the HPO rule had been valid only for the hydroelectricity generated in India.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">India has set the target to increase the share of renewable energy in its energy consumption to 29.91 percent by 2025, and to 43.33 percent by 2030. For this, the hydropower sector is expected to contribute 0.38 percent by 2025 and 1.33 percent by 2030.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, India has allowed considering the output of only those hydropower plants that will start their production after March 31, 2024. The new provision talks about making it mandatory for the companies concerned to maintain the specified share of HPO within the given timeline.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Executive Director of Nepal Electricity Authority (NEA) Kulman Ghising said that if the new system of compulsory hydropower purchase is implemented, it will benefit Nepal, India and Bhutan. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We had been urging India for a long time to arrange for the inclusion of electricity purchased from hydropower projects outside its country in the HPO, and now it has been included. This will make it easier for India's electricity distribution companies and buyers to purchase electricity from hydropower projects in Nepal," Executive Director Ghising said, adding, "If this system is implemented practically, Nepal's hydropower will get a good market in India."</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA has been exporting surplus electricity to India during the rainy season. The NEA has been selling around 110 MW of electricity to the Indian company NTPC Vidyut Vyar Nigam Ltd (NVVN) through competitive bids in the day-ahead market of IEX and under the medium-term power agreement. NVVN is selling the electricity purchased from Nepal in the state of Haryana.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Nepal Electricity Authority has received approval for the export of 632 MW to India including 522 MW of electricity in the competitive market of India and 110 MW to NVVN.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA exported electricity worth Rs 11.80 billion to India from mid-May to mid-October.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal has set an ambitious target of producing 15,000 MW of electricity by 2030. Due to its failure to export adequate amount of electricity, the country has been facing wastage of around 500 MW of electricity on a daily basis.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19083', 'image' => '20231030070550_Grid.jpg', 'article_date' => '2023-10-30 07:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19352', 'article_category_id' => '1', 'title' => 'Thai Airways International Resumes Kathmandu-Bangkok Flights', 'sub_title' => '', 'summary' => 'The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"> October 29: The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">General Manager of Tribhuvan International Airport (TIA) Pratap Babu Tiwari confirmed that the Thai Airways International restarted its flight. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">Likewise, the flights of Thai Smile stopped its flight to Kathmandu from October 29 itself.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The Thai Airways International had begun its service in Nepal in December 1968. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The TIA Office has said that Nepal's international flights reached the pre-COVID-19 status. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19082', 'image' => '20231030064108_collage (5).jpg', 'article_date' => '2023-10-30 06:39:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19354', 'article_category_id' => '1', 'title' => 'Nepal's Trade Deficit Rises to Rs 366 Billion', 'sub_title' => '', 'summary' => 'October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the same period last year, the trade deficit was over Rs 359.17 billion. The trade deficit has inclined due to the increase in imports while the exports from Nepal have not increased in the same proportion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the data released by the Department of Customs on Sunday, Nepal imported goods worth Rs 407.75 billion in the review period while the exports stood at just Rs 40.87 billion. According to the Department of Customs, the trade deficit this year has increased by 2.15 percent compared to the corresponding period of the previous fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This year, the share of imported goods has increased by 1.69 percent compared to last year. On the other hand, Nepal's exports decreased by 2.26 percent during the review period, according to the data of the Department of Customs. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has the largest trade deficit with India. In the three months of the current fiscal year, Nepal's trade deficit with India stood at Rs 224.36 billion. Similarly, the trade deficit with China was Rs 79.8 billion, according to the department.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has a trade deficit of Rs 5.55 billion with the UAE, Rs 4.73 billion with Ukraine and Rs 4.5 billion with Malaysia.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19081', 'image' => '20231030064416_Trade.jpg', 'article_date' => '2023-10-30 06:43:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19351', 'article_category_id' => '1', 'title' => 'Sagarmatha Lumbini Insurance Company Imparts Two-Day Training Programmes to Employees', 'sub_title' => '', 'summary' => 'Sagarmatha Lumbini Insurance Company has provided training to its employees. The company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 30: Sagarmatha Lumbini Insurance Company has provided training to its employees. T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kushum Sharma, the Chief of the Madhes Province Office of the Nepal Insurance Regulatory Authority, was the chief guest at the programme. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">National Coordinator, Provincial Chief, and Department Heads of Sagarmatha Lumbini Insurance Company gave their respective presentations to the participants.</span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19080', 'image' => '20231030062652_collage (4).jpg', 'article_date' => '2023-10-30 06:25:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $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
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19359', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Choice among Domestic Tourists', 'sub_title' => '', 'summary' => 'October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays. He said, "I had been planning to visit Manang since a long time, but this year, I finally got the time to visit this beautiful place."</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"">Like Tamrakar, Hari Tamang of Nuwakot is busy enjoying the natural beauty of Manang. According to Tamang, it is necessary to get proper information before the visit because the situation is getting colder and the risk is higher. He said that he is thoroughly enjoying the hospitality of Manang along with the experience of various customs, rituals, culture and traditions. “After coming here, you won’t feel like going back, you will want to keep enjoying the nature here,” said Tamang.</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"">In recent years, the trend of Nepalis visiting various places has increased. They have started making full use of the vacation time. Nepalese returning home from abroad to celebrate Dashain and Tihar and students studying in colleges take advantage of the long vacation to visit Manang. Now, domestic tourists coming from different parts of Nepal to the Himalayan district of Manang have increased.</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"">Thuten Lama, ward chairman of Nason Rural Municipality-1, said that the trend of Nepalis traveling within the country has increased which is evident from the rise in number of domestic tourists. According to him, the number of domestic tourists who come to Manang on a daily basis during the Dashain holiday has increased significantly. </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"">With the increase in domestic tourists, businessmen are happy with the expectation that the business that slowed down due to Covid-19 will pick up pace.</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"">“With the arrival of domestic tourists, we are jam packed with work,” said Baburam Tamang, a hotel businessman, adding that 1,500 domestic tourists visit Manang daily during Dashain holidays. He said that now all the hotels in Manang are fully occupied.</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"">When domestic tourists visit Manang, the business of hotel and tourism increases. Binod Gurung, President of the Manang Association of Tourism Entrepreneurs said that the arrival of domestic tourists along with foreign tourists has breathed a new life to the business which was stagnant for two years due to the Covid-19 pandemic. He suggested that tourists should get the necessary information for accommodation as there may be a problem of not getting a hotel in the cold weather.</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"">"Only foreigners used to arrive here during this season in the past. Now, the arrival of domestic tourists has added great enthusiasm,” said Gurung. He further said that there are tourists in all types of hotels because this is the peak season. The best time to visit Manang is during the winter and before the beginning of the rainy season.</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"">In addition to seeing the Himalayan mountain peaks, Manang offers the visitors the experience of its unique customs and natural beauty. Some travel to Mustang from Manang en route to Pokhara through the Thorangla Pass. A large number of tourists visit Manang while trekking along the Annapurna Circuit. The entrance to Annapurna Circuit is Lamjung’s Besisahar, which leads to Manange Chautara. Tourists start their journey from here and travel to Mustang. The Annapurna Circuit covers five districts including Lamjung, Manang, Mustang, Myagdi and Kaski.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19087', 'image' => '20231030012939_20220928123415_Manang.jpg', 'article_date' => '2023-10-30 13:28:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19358', 'article_category_id' => '1', 'title' => 'Flower Business Expands by 33 Percent', 'sub_title' => '', 'summary' => 'October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. </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"">In the fiscal year (FY) 2075/76, the flower business saw an annual turnover of Rs 2.42 billion, but due to the impact of the Covid-19 pandemic, the turnover slumped to Rs 1.63 billion in the following two years – FY 2076/77 and FY 2077/78. However, the business increased in the following years.</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, in the fiscal year 2078/79, the turnover was worth Rs 2.3 billion, which increased to Rs 3.7 billion in FY 2079/80.</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"">Min Bahadur Tamang, president of the association, said that under normal conditions, the flower business grows by 10 to 15 percent annually, but it slowed down due to Covid-19 pandemic. He says that there has been improvement since the last two years.</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, at present, 221 hectares of land in 48 districts are cultivated with flowers. More than 1,000 farmers are involved in floriculture in Nepal while 44,000 people are employed directly and indirectly in this business.</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 data of the Department of Customs, in FY 2079/80, flowers and floral products worth Rs 6.8 million were exported from Nepal while the imports accounted to Rs 33 million.</span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">16th Godavari Flower Exhibition</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"">The 16th Godavari Flower Exhibition is going to be held from October 31 to November 4 with the slogan 'Plant Chrysanthemum flowers, decorate your house and yard'. Aiming at the upcoming Tihar and Chhath festivals, the association is going to hold exhibition this year just like every year.</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"">There will be 55 commercial stalls, two competitive stalls and five informational stalls in the exhibition to be held at the Jawalakhel sports ground in Lalitpur.</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 more than 40,000 people will observe the exhibition, which will be inaugurated by Agriculture and Livestock Development Minister Beduram Bhusal. Fair coordinator Sitaram Panta said that they are expecting transaction of more than Rs 10 million at the exhibition. Organizers believe that this fair will help in commercial promotion of Chrysanthemum flower, development of timely varieties of flowers and to ensure quality production.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19086', 'image' => '20231030012753_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-30 13:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19357', 'article_category_id' => '1', 'title' => 'Hetauda Cement Industry Halts Production due to Shortage of Coal ', 'sub_title' => '', 'summary' => 'October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. The industry consumes 3,600 metric tonnes coal per month. General Manager of the industry Basanta Raj Pandey said that the industry was in operation before the start of the Dashain festival and had produced 300,000 sacks of cement during that period. He shared that they had to suspend production as they could not buy coal from third countries due to financial crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, the line minister and the secretary of the Ministry of Industry, Commerce and Supplies have been informed of this dire situation of the industry, and the production can be resumed if the federal government provides financial assistance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that preparation has been made for selling a total 300,000 sacks of cement to various cities, including Kathmandu, and the income from this would be used for purchasing coal. </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 Hetauda Cement Industry has around 390 employees. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19085', 'image' => '20231030125618_20230224111424_cementtttt.jpg', 'article_date' => '2023-10-30 12:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19356', 'article_category_id' => '1', 'title' => 'Nepal Seeks Leadership Role in UN Peacekeeping Mission ', 'sub_title' => '', 'summary' => 'October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the visiting UN Secretary-General Antonio Guterres at Shital Niwas on Sunday, President Paudel called for serious attention to this end stating that Nepal was facing serious impacts of climate change though Nepal itself was not a cause of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Paudel's press advisor Kiran Pokharel said that the president urged the UN delegation to take initiatives to prod the developed countries to fulfill their responsibilities on the climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We are not the cause of climate change. We are suffering due to excessive carbon emissions from other countries. Against this backdrop, the UN should ask the polluters to fulfill their responsibilities. We faced the impacts of the climate change and now the entire world and humanity has to suffer. So, let's make collective efforts against this. The UN should take its leadership," press advisor Pokharel quoted the president as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President Paudel said that the Government of Nepal was working to complete the remaining tasks of the peace process as per the Comprehensive Peace Accord. President Paudel also made commitment to complete the remaining tasks of the peace process on the basis of principle of reconciliation by considering the court's verdicts and also the concerns of the UN. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, President Paudel requested the UN secretary-general to provide leading responsibility to Nepal stating that Nepal is the second largest contributor to the UN Peacekeeping Mission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the UN Secretary-General said that he arrived in Nepal to give a message to the world about the negative impacts of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also shared his three agendas of visit to Nepal and said that they are giving message to the world about Nepal's successful peace process, impacts of climate change and reducing inequality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Foreign Affairs Minister Narayan Prakash Saud, advisors at the Office of the President and high-ranking officials of the Ministry of Foreign Affairs. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19084', 'image' => '20231030070651_ANI_2463.JPG', 'article_date' => '2023-10-30 07:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19355', 'article_category_id' => '1', 'title' => 'India's New Policy Likely to Secure Good Market for Nepal's Hydropower Sector', 'sub_title' => '', 'summary' => 'October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Publishing a notice in the Gazette of India on October 20, the Ministry of Electricity and Renewable Energy of India has specified the minimum share of imported hydroelectricity under its renewable energy. The notice reads that the new policy will be valid from 2024 to 2030. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new rule, the Government of India has fixed the quota of Hydropower Purchase Obligation (HPO) for licensed distribution companies and purchasers of India considering the imported hydroelectricity from neighboring countries as its renewable energy source. Until now, the HPO rule had been valid only for the hydroelectricity generated in India.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">India has set the target to increase the share of renewable energy in its energy consumption to 29.91 percent by 2025, and to 43.33 percent by 2030. For this, the hydropower sector is expected to contribute 0.38 percent by 2025 and 1.33 percent by 2030.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, India has allowed considering the output of only those hydropower plants that will start their production after March 31, 2024. The new provision talks about making it mandatory for the companies concerned to maintain the specified share of HPO within the given timeline.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Executive Director of Nepal Electricity Authority (NEA) Kulman Ghising said that if the new system of compulsory hydropower purchase is implemented, it will benefit Nepal, India and Bhutan. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We had been urging India for a long time to arrange for the inclusion of electricity purchased from hydropower projects outside its country in the HPO, and now it has been included. This will make it easier for India's electricity distribution companies and buyers to purchase electricity from hydropower projects in Nepal," Executive Director Ghising said, adding, "If this system is implemented practically, Nepal's hydropower will get a good market in India."</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA has been exporting surplus electricity to India during the rainy season. The NEA has been selling around 110 MW of electricity to the Indian company NTPC Vidyut Vyar Nigam Ltd (NVVN) through competitive bids in the day-ahead market of IEX and under the medium-term power agreement. NVVN is selling the electricity purchased from Nepal in the state of Haryana.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Nepal Electricity Authority has received approval for the export of 632 MW to India including 522 MW of electricity in the competitive market of India and 110 MW to NVVN.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA exported electricity worth Rs 11.80 billion to India from mid-May to mid-October.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal has set an ambitious target of producing 15,000 MW of electricity by 2030. Due to its failure to export adequate amount of electricity, the country has been facing wastage of around 500 MW of electricity on a daily basis.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19083', 'image' => '20231030070550_Grid.jpg', 'article_date' => '2023-10-30 07:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19352', 'article_category_id' => '1', 'title' => 'Thai Airways International Resumes Kathmandu-Bangkok Flights', 'sub_title' => '', 'summary' => 'The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"> October 29: The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">General Manager of Tribhuvan International Airport (TIA) Pratap Babu Tiwari confirmed that the Thai Airways International restarted its flight. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">Likewise, the flights of Thai Smile stopped its flight to Kathmandu from October 29 itself.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The Thai Airways International had begun its service in Nepal in December 1968. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The TIA Office has said that Nepal's international flights reached the pre-COVID-19 status. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19082', 'image' => '20231030064108_collage (5).jpg', 'article_date' => '2023-10-30 06:39:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19354', 'article_category_id' => '1', 'title' => 'Nepal's Trade Deficit Rises to Rs 366 Billion', 'sub_title' => '', 'summary' => 'October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the same period last year, the trade deficit was over Rs 359.17 billion. The trade deficit has inclined due to the increase in imports while the exports from Nepal have not increased in the same proportion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the data released by the Department of Customs on Sunday, Nepal imported goods worth Rs 407.75 billion in the review period while the exports stood at just Rs 40.87 billion. According to the Department of Customs, the trade deficit this year has increased by 2.15 percent compared to the corresponding period of the previous fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This year, the share of imported goods has increased by 1.69 percent compared to last year. On the other hand, Nepal's exports decreased by 2.26 percent during the review period, according to the data of the Department of Customs. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has the largest trade deficit with India. In the three months of the current fiscal year, Nepal's trade deficit with India stood at Rs 224.36 billion. Similarly, the trade deficit with China was Rs 79.8 billion, according to the department.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has a trade deficit of Rs 5.55 billion with the UAE, Rs 4.73 billion with Ukraine and Rs 4.5 billion with Malaysia.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19081', 'image' => '20231030064416_Trade.jpg', 'article_date' => '2023-10-30 06:43:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19351', 'article_category_id' => '1', 'title' => 'Sagarmatha Lumbini Insurance Company Imparts Two-Day Training Programmes to Employees', 'sub_title' => '', 'summary' => 'Sagarmatha Lumbini Insurance Company has provided training to its employees. The company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 30: Sagarmatha Lumbini Insurance Company has provided training to its employees. T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kushum Sharma, the Chief of the Madhes Province Office of the Nepal Insurance Regulatory Authority, was the chief guest at the programme. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">National Coordinator, Provincial Chief, and Department Heads of Sagarmatha Lumbini Insurance Company gave their respective presentations to the participants.</span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19080', 'image' => '20231030062652_collage (4).jpg', 'article_date' => '2023-10-30 06:25:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $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
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19359', 'article_category_id' => '1', 'title' => 'Manang becoming a Preferred Choice among Domestic Tourists', 'sub_title' => '', 'summary' => 'October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: Amrit Tamrakar of Hetauda visited Manang to make good use of the Dashain holidays. He said, "I had been planning to visit Manang since a long time, but this year, I finally got the time to visit this beautiful place."</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"">Like Tamrakar, Hari Tamang of Nuwakot is busy enjoying the natural beauty of Manang. According to Tamang, it is necessary to get proper information before the visit because the situation is getting colder and the risk is higher. He said that he is thoroughly enjoying the hospitality of Manang along with the experience of various customs, rituals, culture and traditions. “After coming here, you won’t feel like going back, you will want to keep enjoying the nature here,” said Tamang.</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"">In recent years, the trend of Nepalis visiting various places has increased. They have started making full use of the vacation time. Nepalese returning home from abroad to celebrate Dashain and Tihar and students studying in colleges take advantage of the long vacation to visit Manang. Now, domestic tourists coming from different parts of Nepal to the Himalayan district of Manang have increased.</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"">Thuten Lama, ward chairman of Nason Rural Municipality-1, said that the trend of Nepalis traveling within the country has increased which is evident from the rise in number of domestic tourists. According to him, the number of domestic tourists who come to Manang on a daily basis during the Dashain holiday has increased significantly. </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"">With the increase in domestic tourists, businessmen are happy with the expectation that the business that slowed down due to Covid-19 will pick up pace.</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"">“With the arrival of domestic tourists, we are jam packed with work,” said Baburam Tamang, a hotel businessman, adding that 1,500 domestic tourists visit Manang daily during Dashain holidays. He said that now all the hotels in Manang are fully occupied.</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"">When domestic tourists visit Manang, the business of hotel and tourism increases. Binod Gurung, President of the Manang Association of Tourism Entrepreneurs said that the arrival of domestic tourists along with foreign tourists has breathed a new life to the business which was stagnant for two years due to the Covid-19 pandemic. He suggested that tourists should get the necessary information for accommodation as there may be a problem of not getting a hotel in the cold weather.</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"">"Only foreigners used to arrive here during this season in the past. Now, the arrival of domestic tourists has added great enthusiasm,” said Gurung. He further said that there are tourists in all types of hotels because this is the peak season. The best time to visit Manang is during the winter and before the beginning of the rainy season.</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"">In addition to seeing the Himalayan mountain peaks, Manang offers the visitors the experience of its unique customs and natural beauty. Some travel to Mustang from Manang en route to Pokhara through the Thorangla Pass. A large number of tourists visit Manang while trekking along the Annapurna Circuit. The entrance to Annapurna Circuit is Lamjung’s Besisahar, which leads to Manange Chautara. Tourists start their journey from here and travel to Mustang. The Annapurna Circuit covers five districts including Lamjung, Manang, Mustang, Myagdi and Kaski.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19087', 'image' => '20231030012939_20220928123415_Manang.jpg', 'article_date' => '2023-10-30 13:28:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19358', 'article_category_id' => '1', 'title' => 'Flower Business Expands by 33 Percent', 'sub_title' => '', 'summary' => 'October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 30: The commercial business of flowers in Nepal has increased by 33.5 percent in one year. According to the data of the Floriculture Association of Nepal, the flower business increased after the decline in the impacts of Covid-19 pandemic. </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"">In the fiscal year (FY) 2075/76, the flower business saw an annual turnover of Rs 2.42 billion, but due to the impact of the Covid-19 pandemic, the turnover slumped to Rs 1.63 billion in the following two years – FY 2076/77 and FY 2077/78. However, the business increased in the following years.</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, in the fiscal year 2078/79, the turnover was worth Rs 2.3 billion, which increased to Rs 3.7 billion in FY 2079/80.</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"">Min Bahadur Tamang, president of the association, said that under normal conditions, the flower business grows by 10 to 15 percent annually, but it slowed down due to Covid-19 pandemic. He says that there has been improvement since the last two years.</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, at present, 221 hectares of land in 48 districts are cultivated with flowers. More than 1,000 farmers are involved in floriculture in Nepal while 44,000 people are employed directly and indirectly in this business.</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 data of the Department of Customs, in FY 2079/80, flowers and floral products worth Rs 6.8 million were exported from Nepal while the imports accounted to Rs 33 million.</span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">16th Godavari Flower Exhibition</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"">The 16th Godavari Flower Exhibition is going to be held from October 31 to November 4 with the slogan 'Plant Chrysanthemum flowers, decorate your house and yard'. Aiming at the upcoming Tihar and Chhath festivals, the association is going to hold exhibition this year just like every year.</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"">There will be 55 commercial stalls, two competitive stalls and five informational stalls in the exhibition to be held at the Jawalakhel sports ground in Lalitpur.</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 more than 40,000 people will observe the exhibition, which will be inaugurated by Agriculture and Livestock Development Minister Beduram Bhusal. Fair coordinator Sitaram Panta said that they are expecting transaction of more than Rs 10 million at the exhibition. Organizers believe that this fair will help in commercial promotion of Chrysanthemum flower, development of timely varieties of flowers and to ensure quality production.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19086', 'image' => '20231030012753_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-30 13:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19357', 'article_category_id' => '1', 'title' => 'Hetauda Cement Industry Halts Production due to Shortage of Coal ', 'sub_title' => '', 'summary' => 'October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: Hetauda Cement Industry has suspended production as it could not buy coal in time due to financial crunch. The industry consumes 3,600 metric tonnes coal per month. General Manager of the industry Basanta Raj Pandey said that the industry was in operation before the start of the Dashain festival and had produced 300,000 sacks of cement during that period. He shared that they had to suspend production as they could not buy coal from third countries due to financial crisis. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, the line minister and the secretary of the Ministry of Industry, Commerce and Supplies have been informed of this dire situation of the industry, and the production can be resumed if the federal government provides financial assistance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that preparation has been made for selling a total 300,000 sacks of cement to various cities, including Kathmandu, and the income from this would be used for purchasing coal. </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 Hetauda Cement Industry has around 390 employees. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19085', 'image' => '20231030125618_20230224111424_cementtttt.jpg', 'article_date' => '2023-10-30 12:54:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19356', 'article_category_id' => '1', 'title' => 'Nepal Seeks Leadership Role in UN Peacekeeping Mission ', 'sub_title' => '', 'summary' => 'October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 29: President Ram Chandra Paudel has drawn attention of the United Nations high-level delegation on addressing the challenges posed by the impact of climate change in Nepal, conclusion of the peace process, Nepal's contributions to the UN peacekeeping mission and the issue of leadership, and other contemporary issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a meeting with the visiting UN Secretary-General Antonio Guterres at Shital Niwas on Sunday, President Paudel called for serious attention to this end stating that Nepal was facing serious impacts of climate change though Nepal itself was not a cause of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Paudel's press advisor Kiran Pokharel said that the president urged the UN delegation to take initiatives to prod the developed countries to fulfill their responsibilities on the climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"We are not the cause of climate change. We are suffering due to excessive carbon emissions from other countries. Against this backdrop, the UN should ask the polluters to fulfill their responsibilities. We faced the impacts of the climate change and now the entire world and humanity has to suffer. So, let's make collective efforts against this. The UN should take its leadership," press advisor Pokharel quoted the president as saying. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, President Paudel said that the Government of Nepal was working to complete the remaining tasks of the peace process as per the Comprehensive Peace Accord. President Paudel also made commitment to complete the remaining tasks of the peace process on the basis of principle of reconciliation by considering the court's verdicts and also the concerns of the UN. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, President Paudel requested the UN secretary-general to provide leading responsibility to Nepal stating that Nepal is the second largest contributor to the UN Peacekeeping Mission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, the UN Secretary-General said that he arrived in Nepal to give a message to the world about the negative impacts of climate change. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He also shared his three agendas of visit to Nepal and said that they are giving message to the world about Nepal's successful peace process, impacts of climate change and reducing inequality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by Foreign Affairs Minister Narayan Prakash Saud, advisors at the Office of the President and high-ranking officials of the Ministry of Foreign Affairs. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19084', 'image' => '20231030070651_ANI_2463.JPG', 'article_date' => '2023-10-30 07:06:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19355', 'article_category_id' => '1', 'title' => 'India's New Policy Likely to Secure Good Market for Nepal's Hydropower Sector', 'sub_title' => '', 'summary' => 'October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 30: The Government of India has revised its policy on energy allowing the imported hydroelectricity also to be considered as part of its renewable energy.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Publishing a notice in the Gazette of India on October 20, the Ministry of Electricity and Renewable Energy of India has specified the minimum share of imported hydroelectricity under its renewable energy. The notice reads that the new policy will be valid from 2024 to 2030. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the new rule, the Government of India has fixed the quota of Hydropower Purchase Obligation (HPO) for licensed distribution companies and purchasers of India considering the imported hydroelectricity from neighboring countries as its renewable energy source. Until now, the HPO rule had been valid only for the hydroelectricity generated in India.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">India has set the target to increase the share of renewable energy in its energy consumption to 29.91 percent by 2025, and to 43.33 percent by 2030. For this, the hydropower sector is expected to contribute 0.38 percent by 2025 and 1.33 percent by 2030.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, India has allowed considering the output of only those hydropower plants that will start their production after March 31, 2024. The new provision talks about making it mandatory for the companies concerned to maintain the specified share of HPO within the given timeline.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Executive Director of Nepal Electricity Authority (NEA) Kulman Ghising said that if the new system of compulsory hydropower purchase is implemented, it will benefit Nepal, India and Bhutan. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“We had been urging India for a long time to arrange for the inclusion of electricity purchased from hydropower projects outside its country in the HPO, and now it has been included. This will make it easier for India's electricity distribution companies and buyers to purchase electricity from hydropower projects in Nepal," Executive Director Ghising said, adding, "If this system is implemented practically, Nepal's hydropower will get a good market in India."</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA has been exporting surplus electricity to India during the rainy season. The NEA has been selling around 110 MW of electricity to the Indian company NTPC Vidyut Vyar Nigam Ltd (NVVN) through competitive bids in the day-ahead market of IEX and under the medium-term power agreement. NVVN is selling the electricity purchased from Nepal in the state of Haryana.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Nepal Electricity Authority has received approval for the export of 632 MW to India including 522 MW of electricity in the competitive market of India and 110 MW to NVVN.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEA exported electricity worth Rs 11.80 billion to India from mid-May to mid-October.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal has set an ambitious target of producing 15,000 MW of electricity by 2030. Due to its failure to export adequate amount of electricity, the country has been facing wastage of around 500 MW of electricity on a daily basis.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19083', 'image' => '20231030070550_Grid.jpg', 'article_date' => '2023-10-30 07:05:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19352', 'article_category_id' => '1', 'title' => 'Thai Airways International Resumes Kathmandu-Bangkok Flights', 'sub_title' => '', 'summary' => 'The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"> October 29: The Thai Airways International, the national flag carrier of Thailand, has resumed its Kathmandu-Bangkok flights from October 29. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The airlines had suspended its Kathmandu-Bangkok flights since March 25, 2020 after the COVID-19 pandemic.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">General Manager of Tribhuvan International Airport (TIA) Pratap Babu Tiwari confirmed that the Thai Airways International restarted its flight. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">Likewise, the flights of Thai Smile stopped its flight to Kathmandu from October 29 itself.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The Thai Airways International had begun its service in Nepal in December 1968. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt">The TIA Office has said that Nepal's international flights reached the pre-COVID-19 status. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19082', 'image' => '20231030064108_collage (5).jpg', 'article_date' => '2023-10-30 06:39:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19354', 'article_category_id' => '1', 'title' => 'Nepal's Trade Deficit Rises to Rs 366 Billion', 'sub_title' => '', 'summary' => 'October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 30: During the first three months of the current fiscal year, Nepal’s trade deficit soared to more than Rs 366.88 billion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">During the same period last year, the trade deficit was over Rs 359.17 billion. The trade deficit has inclined due to the increase in imports while the exports from Nepal have not increased in the same proportion.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to the data released by the Department of Customs on Sunday, Nepal imported goods worth Rs 407.75 billion in the review period while the exports stood at just Rs 40.87 billion. According to the Department of Customs, the trade deficit this year has increased by 2.15 percent compared to the corresponding period of the previous fiscal year.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">This year, the share of imported goods has increased by 1.69 percent compared to last year. On the other hand, Nepal's exports decreased by 2.26 percent during the review period, according to the data of the Department of Customs. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has the largest trade deficit with India. In the three months of the current fiscal year, Nepal's trade deficit with India stood at Rs 224.36 billion. Similarly, the trade deficit with China was Rs 79.8 billion, according to the department.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal has a trade deficit of Rs 5.55 billion with the UAE, Rs 4.73 billion with Ukraine and Rs 4.5 billion with Malaysia.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19081', 'image' => '20231030064416_Trade.jpg', 'article_date' => '2023-10-30 06:43:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19351', 'article_category_id' => '1', 'title' => 'Sagarmatha Lumbini Insurance Company Imparts Two-Day Training Programmes to Employees', 'sub_title' => '', 'summary' => 'Sagarmatha Lumbini Insurance Company has provided training to its employees. The company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 30: Sagarmatha Lumbini Insurance Company has provided training to its employees. T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he company provided training to its employees in Janakpur, the capital of Province 2, with the aim of enhancing the professional skills of employees working in the Madhesh Province on October 13 and 14. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kushum Sharma, the Chief of the Madhes Province Office of the Nepal Insurance Regulatory Authority, was the chief guest at the programme. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">National Coordinator, Provincial Chief, and Department Heads of Sagarmatha Lumbini Insurance Company gave their respective presentations to the participants.</span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19080', 'image' => '20231030062652_collage (4).jpg', 'article_date' => '2023-10-30 06:25:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $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
