NEWS

Nepal into Quarters after Defeating Maldives by 138 Runs in Asian Games

Oct 01, 2023 0 2 minutes 37 seconds to read

October 1: The men’s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian…

NOC Withdraws Fuel Price Hike

Oct 01, 2023 0 1 minutes 32 seconds to read

October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October…

Maldives’ Pro-China Opposition Candidate Mohamed Muiz Wins Presidential Election

Oct 01, 2023 0 1 minutes 25 seconds to read

Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media…

Case Filed Against Three in the Special Court by CIAA

Oct 01, 2023 0 32 seconds to read

The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including current member-secretary Dr Milan Kumar Thapa.…

NRB Revised its Schedule to Raise Internal Debt at Low Rate

Oct 01, 2023 0 4 minutes 22 seconds to read

October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low.…

Prime Minister Dahal Silent on BRI

Oct 01, 2023 0 4 minutes 59 seconds to read

October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China.…

Nepal gets Permission to Sell Electricity in India's Real Time Market

Oct 01, 2023 0 2 minutes 53 seconds to read

October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange…

Government’s Emergency Warehouse has Insufficient Food Stocks

Oct 01, 2023 0 3 minutes 46 seconds to read

October 1: The government's emergency warehouse has only half the food stock the prescrimed…

Monsoon Exit to be Delayed by a Few Days

Oct 01, 2023 0 5 minutes 18 seconds to read

October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few…

North Korean Lifters Smash World Records in Asian Games

Oct 01, 2023 0 4 minutes 25 seconds to read

October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported…

Nepal-China Agree to Open all Checkpoints: PM Dahal

Oct 01, 2023 0 1 minutes 44 seconds to read

October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus…

Nepal Oil Corporation Hikes Prices of Petroleum Products

Oct 01, 2023 0 1 minutes 32 seconds to read

he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per…

ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade

Sep 29, 2023 0 4 minutes 36 seconds to read

September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises.…

RBB and National Banking Institute Ink Agreement for Employees’ Training

Sep 29, 2023 0 1 minutes 2 seconds to read

Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the…

Businessmen Hit Hard by ‘Tax Terror’

Sep 29, 2023 0 5 minutes 20 seconds to read

September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook.…

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NEPSE

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			'article_category_id' => '1',
			'title' => 'Nepal into Quarters after Defeating Maldives by 138 Runs in Asian Games ',
			'sub_title' => '',
			'summary' => 'October 1: The men’s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The men&rsquo;s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games. Nepal&#39;s fast-bowler Abinash Bohara, who took a record six wickets against the Maldives, helped the country get to the quarterfinals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal, the winner of Group &#39;A&#39;, will now face one of the heavyweight teams among India, Pakistan, Bangladesh, Sri Lanka and Afghanistan.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Winning the toss and batting first in Hangzhou, China, Nepal scored 212 runs at the loss of seven wickets in the allotted 20 overs. Chasing the target of 213 runs, the Maldives was restricted to just 74 runs in 19.4 overs.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the match, Bohara bagged a record six wickets, becoming the first Nepali bowler to take six wickets in T20 international cricket. He gave away 11 runs in 3.4 overs. Earlier, Sandeep Lamichhane and Karan KC held the record of taking five wickets each for Nepal in T20 international cricket.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sompal Kami, Lamichhane, Gulshan Jha and Kushal Bhurtel took one wicket each. For the Maldives, Muawiyath Ghanee hit the highest 36 runs off 34 balls with two sixes and two boundaries. Similarly, Rasheed Rassam made 12 and Fareed Shius 10.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">For Nepal, Captain Rohit Kumar Paudel scored the highest 52 runs off 27 balls with three sixes and three fours. Likewise, Kushal Malla remained unbeaten on 47 off 20 with three sixes and three boundaries. Kushal Bhurtel made 35 off 18 with one six and five boundaries, Jha 35 off 21 with three sixes and one four, and Binod Bhandari 13 off 15 with one four.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the bowling side, the Maldives&#39; Ismail Nazuwan took three wickets.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Earlier in its first match, Nepal defeated Mongolia by a wide margin of 273 runs while breaking several records during the match. Nepal booked a place in the quarterfinals by remaining unbeaten in Group &#39;A&#39;. With the defeat, Mongolia and the Maldives placed into Group &#39;A&#39; have been eliminated from the tournament.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Test status nations, India, Pakistan, Bangladesh, Sri Lanka and Afghanistan have directly qualified for the quarterfinals. Hong Kong has entered the quarterfinals from Group &#39;B&#39;, while the team to reach the quarterfinals from Group &#39;C&#39; has not been decided yet. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'id' => '19139',
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			'title' => 'NOC Withdraws Fuel Price Hike ',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC stated in a notice issued on Sunday that the decision to hike the price of petroleum products has been withdrawn effective from today itself in accordance with the directive of the government. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A meeting of the Council of Ministers held earlier on Sunday had instructed the NOC to immediately withdraw its decision to increase the price of petroleum products, taking into consideration the imminent festivals and the interest of the general public.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC on Saturday hiked the price of petrol and diesel by rupees six per litre, and that of kerosene by two rupees per litre and aviation fuel (both domestic and international) by eight rupees per litre. Similarly, the price of LP Gas was increased by Rs 215 per cylinder. The price of LPG had reached 2,110 per cylinder after the hike in price. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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			'id' => '19138',
			'article_category_id' => '1',
			'title' => 'Maldives’ Pro-China Opposition Candidate Mohamed Muiz Wins Presidential Election',
			'sub_title' => '',
			'summary' => 'Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The election has turned into a virtual referendum on which regional power &mdash; India or China &mdash; will have the biggest influence in the small nation.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Muiz promised he would remove Indian troops from the Maldives and balance the country&rsquo;s trade relations, which he said were heavily in India&rsquo;s favor.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Mihaaru News reported that incumbent President Ibrahim Mohamed Solih, seen as pro-India, had received 46% of the vote and that Muiz had won by more than 18,000 votes.&nbsp;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&ldquo;With today&rsquo;s result we have got the opportunity to build the country&rsquo;s future. The strength to ensure the freedom of Maldives,&rdquo; Muiz said in a statement after his victory.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&nbsp;&ldquo;It&rsquo;s time we put our differences aside and come together. We need to be a peaceful society,&rdquo; said Muiz. (Agencies) </span></span></span></p>
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			'id' => '19137',
			'article_category_id' => '1',
			'title' => 'Case Filed Against Three in the Special Court by CIAA',
			'sub_title' => '',
			'summary' => 'The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including current member-secretary Dr Milan Kumar Thapa. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including then member-secretary of the Pashupati Area Development Trust (PADT) Dr Pradip Dhakal and PADT then treasurer and current member-secretary Dr Milan Kumar Thapa.&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">A case has been filed in the Special court today on charges of corruption, said the CIAA spokesperson Bhola Dahal. &nbsp;(RSS) </span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19136',
			'article_category_id' => '1',
			'title' => 'NRB Revised its Schedule to Raise Internal Debt at Low Rate',
			'sub_title' => '',
			'summary' => 'October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. The interest rate on internal debts taken by Neal Rastra Bank declined after the central bank did not implement the announcement made in the monetary policy.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Taking advantage of this situation, the government changed the schedule and intensified debt collection.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The government has changed the internal debt collection schedule and increased the size of the debt to be collected within the first quarter (July/August-September/October). In the schedule published in mid-July, the government had a plan to raise internal debt of Rs 55 billion in the first quarter. This is 22.9 percent of the total loan of Rs 240 billion which the government intends to collect in the current fiscal year.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the new schedule, the government is going to raise Rs 80 billion in the first quarter. This is 33.3 percent of the target. As per the new schedule, priority has been given to long-term loans raised by issuing development bonds over short-term loans raised from treasury bills.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Initially, the central bank was planning to collect Rs 10 billion and Rs 15 billion with maturity period of six years in the second quarter. Now the NRB is preparing to collect the debt in the first quarter itself.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the initial schedule, the target was to issue bonds worth Rs 50 billion for a period of 5 to 8 years within the first quarter, but now the NRB has revised its plans and will be collecting Rs 75 billion in the first quarter. The targets for the third and fourth quarter remain the same.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Nepal Rastra Bank aims to keep the average interbank interest rate higher than the bank rate and lower than the deposit collection rate through the monetary policy of the current fiscal year. The central bank can use various tools in order to maintain the upper limit of the interest rate corridor, the bank rate at 7.5 percent, and the lower limit of the deposit collection rate at 4.5 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Although the interbank interest rate has fallen below the monetary policy target in the last two weeks, the central bank has not mopped excess liquidity from the market. In the monetary policy, it is mentioned that if the interest rate is higher or lower than the target, secondary market transactions and deposit collection will be opened. However, since September 13, the interbank interest rate has been consistently lower than the target. Even on last Tuesday, the average interbank interest rate remained at 2.57 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Currently, banks and financial institutions have more than Rs 400 billion of liquidity.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Banks have not been able to invest in new loans due to the slowdown in economic activities. The investment of banks, that are unable to expand credit flow, is now limited to the internal debts of the government.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At present, the government is raising internal debt aggressively. The central bank has not even implemented the announcement of the monetary policy in order to help the government raise debt at a low cost, according to Nepal Rastra Bank sources.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On Monday, Treasury Bills were renewed at an interest rate of 3.441 percent. In July last year, the interest rate of treasury bills exceeded 12 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, the interest rate of development bonds, which was 8.64 percent in last year, has been 6.96 percent in the current year. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Deputy Spokesperson Dr Dilliram Pokharel says that the central bank did not mop liquidity from the market because current interbank interest rate is of short-term.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;The inter-bank interest rate has fallen below the target after the government allowed the accumulated amount of the local level to be counted as deposits,&quot; he said, &quot;Monetary instruments have not been issued because the liquidity is high and there is no long-term interest rate reduction.&quot;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19135',
			'article_category_id' => '1',
			'title' => 'Prime Minister Dahal Silent on BRI',
			'sub_title' => '',
			'summary' => 'October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. He returned home on Saturday after an eight-day visit to China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">A bilateral talks were held between the Nepali delegation led by Prime Minister Dahal and the delegation led his Chinese counterpart Li Qiang in the Chinese capital, Beijing during Dahal&rsquo;s state visit. After the talks, a </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13-</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">point joint statement was also issued on September 26</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Dahal, Nepal reaffirmed its policy on sensitive issues of its neighbors during the high-level bilateral talks. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;This has created an atmosphere of trust at the political level, leading to the prospect of bilateral cooperation in infrastructure development, trade, investment and people-to-people relations,&#39;&#39; he said at a press conference held at the Tribhuvan International Airport upon his return from China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">At the airport, the prime minister referred to many of the points mentioned in the statement as achievements of his visit, but he did not utter a single word about the Belt and Road Initiative (BRI). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The seventh point of the joint statement mentions that both countries are committed to the implementation of BRI and its plan will be completed as soon as possible. However, Prime Minister Dahal did not mention this issue in his speech which is considered as meaningful. Many expected that an important agreement would be reached during this visit, especially on projects under BRI, but it did not happen.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The prime minister mentioned that the issue of the construction of cross-border transmission line as the main achievement of his visit. In the seventh point of the joint statement of the two countries, it has been mentioned that the construction of the Kerung-Rasuwagadhi-Chilime </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">120</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> KV cross-border power transmission line will be started as soon as possible. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal added that a positive discussion was held regarding direct flights from China to Pokhara International Airport and to increase flights between the two countries. He, however, did not disclose concrete progress on debt relief. Prime Minister Dahal said that discussions were held on increasing trade, investment, international transport network and economic and social partnership with China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal said that the Chinese side has agreed to start the fourth phase of Araniko Highway maintenance project according to the needs of Nepal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, there has been an agreement with China to proceed with the feasibility study of the Tokha-Chhare tunnel at a fast pace, and to speed up the implementation of the second phase of the Kathmandu Ring Road. Twelve memorandums of understanding were signed, including an agreement to hold the eighth meeting of the working group for Nepal-China railway cooperation soon. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although Prime Minister Dahal said that there has been an agreement to open all the border crossings, such a matter was not mentioned anywhere in the joint statement. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prime Minister Dahal, Nepal succeeded in presenting the challenges of least developed countries including Nepal regarding the implementation of sustainable development goals and the impact of climate change and to draw the attention of the world community to address these issues.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '19134',
			'article_category_id' => '1',
			'title' => 'Nepal gets Permission to Sell Electricity in India's Real Time Market',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India&#39;s Energy Exchange (IEX).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Until now, the NEA had been selling electricity in India&rsquo;s competitive energy market by bidding a day ahead. But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,&rdquo; said Adhikari.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX&#39;s day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p>

<p>&nbsp;</p>
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	(int) 7 => array(
		'Article' => array(
			'id' => '19133',
			'article_category_id' => '1',
			'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks',
			'sub_title' => '',
			'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The government&#39;s emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;We never have 33,000 metric tons of food. It&rsquo;s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,&rdquo; said Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,&rdquo; he said, adding this creates shortage of food all the time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government cannot intervene in the market to stop inflation when there is not enough food in the government&rsquo;s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p>

<p>&nbsp;</p>
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	(int) 8 => array(
		'Article' => array(
			'id' => '19132',
			'article_category_id' => '1',
			'title' => 'Monsoon Exit to be Delayed by a Few Days',
			'sub_title' => '',
			'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year&#39;s monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, the department has mentioned that there is a possibility that this year&#39;s monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal,&quot; he said.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,&rdquo; said Adhikari.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, it is likely to exit the country a few days later this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Caution is requested</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p>

<p>&nbsp;</p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19131',
			'article_category_id' => '1',
			'title' => 'North Korean Lifters Smash World Records in Asian Games',
			'sub_title' => '',
			'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men&#39;s and women&#39;s 100m at the Asian Games as North Korea&#39;s weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women&#39;s crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men&#39;s title.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Among other notable performances in track and field, the world&#39;s number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were some eye-popping performances from North Korea&#39;s women weightlifters.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women&#39;s 49kg, the first weightlifting event in Hangzhou.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women&#39;s 55kg class.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">WADA declared the country&#39;s national anti-doping body &quot;non-compliant&quot; in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women&#39;s football.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women&#39;s World Cup, where they went out in the group phase.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men&#39;s hockey group stage.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19130',
			'article_category_id' => '1',
			'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal   ',
			'sub_title' => '',
			'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;"><span style="font-size:18px">1</span>:&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that discussion was also held on the issue of conducting regular flights from other cities of China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS&nbsp;&nbsp; </span></span></span></p>
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		'Article' => array(
			'id' => '19129',
			'article_category_id' => '1',
			'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation&#39;s Board of Directors held on Saturday decided to raise the prices of petroleum products.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p>

<p>&nbsp;</p>
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	(int) 12 => array(
		'Article' => array(
			'id' => '19128',
			'article_category_id' => '1',
			'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade',
			'sub_title' => '',
			'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region&rsquo;s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it introduced the reforms through an update of ADB&rsquo;s Capital Adequacy Framework (CAF). They expand the bank&rsquo;s annual new commitments capacity to more than $36 billion&mdash;an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The bank said the expansion is achieved by optimizing ADB&rsquo;s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB&rsquo;s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB&rsquo;s capital adequacy framework is reviewed every three years.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;These important reforms will significantly expand ADB&rsquo;s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,&rdquo; said ADB President Masatsugu Asakawa. &ldquo;Our decision today is part of ADB&rsquo;s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB&rsquo;s balance sheet, multiplying the resources available for the region&rsquo;s development, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system.&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB noted that Asia and the Pacific&rsquo;s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region&rsquo;s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB&rsquo;s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs&rsquo; participation in the International Finance Facility for Education.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members&mdash;49 from the region.</span></span></p>

<p>&nbsp;</p>
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	(int) 13 => array(
		'Article' => array(
			'id' => '19127',
			'article_category_id' => '1',
			'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification&nbsp;courses for the employees of the bank.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024.&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank&#39;s objective is to regularly provide training to its employees to achieve excellence.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that &nbsp;the Rastriya Bnaijya Bank &nbsp;has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution&#39;s productivity. </span></span></p>
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	(int) 14 => array(
		'Article' => array(
			'id' => '19126',
			'article_category_id' => '1',
			'title' => 'Businessmen Hit Hard by ‘Tax Terror’',
			'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance',
			'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 29: At a time when the government&rsquo;s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The target of the government is especially big and middle level tax payers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that &#39;tax terror&rsquo; has amplified in recent days.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?&rdquo; said Gautam.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,&rdquo; said Temani. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal&#39;s economy. In this context, it is not fair to give undue pressure to the private sector because the government&rsquo;s income has declined.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General&#39;s Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19140',
			'article_category_id' => '1',
			'title' => 'Nepal into Quarters after Defeating Maldives by 138 Runs in Asian Games ',
			'sub_title' => '',
			'summary' => 'October 1: The men’s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The men&rsquo;s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games. Nepal&#39;s fast-bowler Abinash Bohara, who took a record six wickets against the Maldives, helped the country get to the quarterfinals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal, the winner of Group &#39;A&#39;, will now face one of the heavyweight teams among India, Pakistan, Bangladesh, Sri Lanka and Afghanistan.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Winning the toss and batting first in Hangzhou, China, Nepal scored 212 runs at the loss of seven wickets in the allotted 20 overs. Chasing the target of 213 runs, the Maldives was restricted to just 74 runs in 19.4 overs.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the match, Bohara bagged a record six wickets, becoming the first Nepali bowler to take six wickets in T20 international cricket. He gave away 11 runs in 3.4 overs. Earlier, Sandeep Lamichhane and Karan KC held the record of taking five wickets each for Nepal in T20 international cricket.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sompal Kami, Lamichhane, Gulshan Jha and Kushal Bhurtel took one wicket each. For the Maldives, Muawiyath Ghanee hit the highest 36 runs off 34 balls with two sixes and two boundaries. Similarly, Rasheed Rassam made 12 and Fareed Shius 10.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">For Nepal, Captain Rohit Kumar Paudel scored the highest 52 runs off 27 balls with three sixes and three fours. Likewise, Kushal Malla remained unbeaten on 47 off 20 with three sixes and three boundaries. Kushal Bhurtel made 35 off 18 with one six and five boundaries, Jha 35 off 21 with three sixes and one four, and Binod Bhandari 13 off 15 with one four.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the bowling side, the Maldives&#39; Ismail Nazuwan took three wickets.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Earlier in its first match, Nepal defeated Mongolia by a wide margin of 273 runs while breaking several records during the match. Nepal booked a place in the quarterfinals by remaining unbeaten in Group &#39;A&#39;. With the defeat, Mongolia and the Maldives placed into Group &#39;A&#39; have been eliminated from the tournament.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Test status nations, India, Pakistan, Bangladesh, Sri Lanka and Afghanistan have directly qualified for the quarterfinals. Hong Kong has entered the quarterfinals from Group &#39;B&#39;, while the team to reach the quarterfinals from Group &#39;C&#39; has not been decided yet. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'id' => '19139',
			'article_category_id' => '1',
			'title' => 'NOC Withdraws Fuel Price Hike ',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC stated in a notice issued on Sunday that the decision to hike the price of petroleum products has been withdrawn effective from today itself in accordance with the directive of the government. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A meeting of the Council of Ministers held earlier on Sunday had instructed the NOC to immediately withdraw its decision to increase the price of petroleum products, taking into consideration the imminent festivals and the interest of the general public.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC on Saturday hiked the price of petrol and diesel by rupees six per litre, and that of kerosene by two rupees per litre and aviation fuel (both domestic and international) by eight rupees per litre. Similarly, the price of LP Gas was increased by Rs 215 per cylinder. The price of LPG had reached 2,110 per cylinder after the hike in price. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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			'id' => '19138',
			'article_category_id' => '1',
			'title' => 'Maldives’ Pro-China Opposition Candidate Mohamed Muiz Wins Presidential Election',
			'sub_title' => '',
			'summary' => 'Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The election has turned into a virtual referendum on which regional power &mdash; India or China &mdash; will have the biggest influence in the small nation.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Muiz promised he would remove Indian troops from the Maldives and balance the country&rsquo;s trade relations, which he said were heavily in India&rsquo;s favor.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Mihaaru News reported that incumbent President Ibrahim Mohamed Solih, seen as pro-India, had received 46% of the vote and that Muiz had won by more than 18,000 votes.&nbsp;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&ldquo;With today&rsquo;s result we have got the opportunity to build the country&rsquo;s future. The strength to ensure the freedom of Maldives,&rdquo; Muiz said in a statement after his victory.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&nbsp;&ldquo;It&rsquo;s time we put our differences aside and come together. We need to be a peaceful society,&rdquo; said Muiz. (Agencies) </span></span></span></p>
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		'Article' => array(
			'id' => '19137',
			'article_category_id' => '1',
			'title' => 'Case Filed Against Three in the Special Court by CIAA',
			'sub_title' => '',
			'summary' => 'The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including current member-secretary Dr Milan Kumar Thapa. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including then member-secretary of the Pashupati Area Development Trust (PADT) Dr Pradip Dhakal and PADT then treasurer and current member-secretary Dr Milan Kumar Thapa.&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">A case has been filed in the Special court today on charges of corruption, said the CIAA spokesperson Bhola Dahal. &nbsp;(RSS) </span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19136',
			'article_category_id' => '1',
			'title' => 'NRB Revised its Schedule to Raise Internal Debt at Low Rate',
			'sub_title' => '',
			'summary' => 'October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. The interest rate on internal debts taken by Neal Rastra Bank declined after the central bank did not implement the announcement made in the monetary policy.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Taking advantage of this situation, the government changed the schedule and intensified debt collection.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The government has changed the internal debt collection schedule and increased the size of the debt to be collected within the first quarter (July/August-September/October). In the schedule published in mid-July, the government had a plan to raise internal debt of Rs 55 billion in the first quarter. This is 22.9 percent of the total loan of Rs 240 billion which the government intends to collect in the current fiscal year.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the new schedule, the government is going to raise Rs 80 billion in the first quarter. This is 33.3 percent of the target. As per the new schedule, priority has been given to long-term loans raised by issuing development bonds over short-term loans raised from treasury bills.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Initially, the central bank was planning to collect Rs 10 billion and Rs 15 billion with maturity period of six years in the second quarter. Now the NRB is preparing to collect the debt in the first quarter itself.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the initial schedule, the target was to issue bonds worth Rs 50 billion for a period of 5 to 8 years within the first quarter, but now the NRB has revised its plans and will be collecting Rs 75 billion in the first quarter. The targets for the third and fourth quarter remain the same.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Nepal Rastra Bank aims to keep the average interbank interest rate higher than the bank rate and lower than the deposit collection rate through the monetary policy of the current fiscal year. The central bank can use various tools in order to maintain the upper limit of the interest rate corridor, the bank rate at 7.5 percent, and the lower limit of the deposit collection rate at 4.5 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Although the interbank interest rate has fallen below the monetary policy target in the last two weeks, the central bank has not mopped excess liquidity from the market. In the monetary policy, it is mentioned that if the interest rate is higher or lower than the target, secondary market transactions and deposit collection will be opened. However, since September 13, the interbank interest rate has been consistently lower than the target. Even on last Tuesday, the average interbank interest rate remained at 2.57 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Currently, banks and financial institutions have more than Rs 400 billion of liquidity.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Banks have not been able to invest in new loans due to the slowdown in economic activities. The investment of banks, that are unable to expand credit flow, is now limited to the internal debts of the government.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At present, the government is raising internal debt aggressively. The central bank has not even implemented the announcement of the monetary policy in order to help the government raise debt at a low cost, according to Nepal Rastra Bank sources.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On Monday, Treasury Bills were renewed at an interest rate of 3.441 percent. In July last year, the interest rate of treasury bills exceeded 12 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, the interest rate of development bonds, which was 8.64 percent in last year, has been 6.96 percent in the current year. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Deputy Spokesperson Dr Dilliram Pokharel says that the central bank did not mop liquidity from the market because current interbank interest rate is of short-term.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;The inter-bank interest rate has fallen below the target after the government allowed the accumulated amount of the local level to be counted as deposits,&quot; he said, &quot;Monetary instruments have not been issued because the liquidity is high and there is no long-term interest rate reduction.&quot;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19135',
			'article_category_id' => '1',
			'title' => 'Prime Minister Dahal Silent on BRI',
			'sub_title' => '',
			'summary' => 'October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. He returned home on Saturday after an eight-day visit to China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">A bilateral talks were held between the Nepali delegation led by Prime Minister Dahal and the delegation led his Chinese counterpart Li Qiang in the Chinese capital, Beijing during Dahal&rsquo;s state visit. After the talks, a </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13-</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">point joint statement was also issued on September 26</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Dahal, Nepal reaffirmed its policy on sensitive issues of its neighbors during the high-level bilateral talks. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;This has created an atmosphere of trust at the political level, leading to the prospect of bilateral cooperation in infrastructure development, trade, investment and people-to-people relations,&#39;&#39; he said at a press conference held at the Tribhuvan International Airport upon his return from China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">At the airport, the prime minister referred to many of the points mentioned in the statement as achievements of his visit, but he did not utter a single word about the Belt and Road Initiative (BRI). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The seventh point of the joint statement mentions that both countries are committed to the implementation of BRI and its plan will be completed as soon as possible. However, Prime Minister Dahal did not mention this issue in his speech which is considered as meaningful. Many expected that an important agreement would be reached during this visit, especially on projects under BRI, but it did not happen.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The prime minister mentioned that the issue of the construction of cross-border transmission line as the main achievement of his visit. In the seventh point of the joint statement of the two countries, it has been mentioned that the construction of the Kerung-Rasuwagadhi-Chilime </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">120</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> KV cross-border power transmission line will be started as soon as possible. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal added that a positive discussion was held regarding direct flights from China to Pokhara International Airport and to increase flights between the two countries. He, however, did not disclose concrete progress on debt relief. Prime Minister Dahal said that discussions were held on increasing trade, investment, international transport network and economic and social partnership with China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal said that the Chinese side has agreed to start the fourth phase of Araniko Highway maintenance project according to the needs of Nepal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, there has been an agreement with China to proceed with the feasibility study of the Tokha-Chhare tunnel at a fast pace, and to speed up the implementation of the second phase of the Kathmandu Ring Road. Twelve memorandums of understanding were signed, including an agreement to hold the eighth meeting of the working group for Nepal-China railway cooperation soon. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although Prime Minister Dahal said that there has been an agreement to open all the border crossings, such a matter was not mentioned anywhere in the joint statement. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prime Minister Dahal, Nepal succeeded in presenting the challenges of least developed countries including Nepal regarding the implementation of sustainable development goals and the impact of climate change and to draw the attention of the world community to address these issues.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '19134',
			'article_category_id' => '1',
			'title' => 'Nepal gets Permission to Sell Electricity in India's Real Time Market',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India&#39;s Energy Exchange (IEX).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Until now, the NEA had been selling electricity in India&rsquo;s competitive energy market by bidding a day ahead. But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,&rdquo; said Adhikari.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX&#39;s day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p>

<p>&nbsp;</p>
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	(int) 7 => array(
		'Article' => array(
			'id' => '19133',
			'article_category_id' => '1',
			'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks',
			'sub_title' => '',
			'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The government&#39;s emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;We never have 33,000 metric tons of food. It&rsquo;s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,&rdquo; said Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,&rdquo; he said, adding this creates shortage of food all the time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government cannot intervene in the market to stop inflation when there is not enough food in the government&rsquo;s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p>

<p>&nbsp;</p>
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	(int) 8 => array(
		'Article' => array(
			'id' => '19132',
			'article_category_id' => '1',
			'title' => 'Monsoon Exit to be Delayed by a Few Days',
			'sub_title' => '',
			'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year&#39;s monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, the department has mentioned that there is a possibility that this year&#39;s monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal,&quot; he said.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,&rdquo; said Adhikari.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, it is likely to exit the country a few days later this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Caution is requested</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19131',
			'article_category_id' => '1',
			'title' => 'North Korean Lifters Smash World Records in Asian Games',
			'sub_title' => '',
			'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men&#39;s and women&#39;s 100m at the Asian Games as North Korea&#39;s weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women&#39;s crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men&#39;s title.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Among other notable performances in track and field, the world&#39;s number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were some eye-popping performances from North Korea&#39;s women weightlifters.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women&#39;s 49kg, the first weightlifting event in Hangzhou.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women&#39;s 55kg class.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">WADA declared the country&#39;s national anti-doping body &quot;non-compliant&quot; in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women&#39;s football.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women&#39;s World Cup, where they went out in the group phase.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men&#39;s hockey group stage.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19130',
			'article_category_id' => '1',
			'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal   ',
			'sub_title' => '',
			'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;"><span style="font-size:18px">1</span>:&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that discussion was also held on the issue of conducting regular flights from other cities of China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS&nbsp;&nbsp; </span></span></span></p>
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		'Article' => array(
			'id' => '19129',
			'article_category_id' => '1',
			'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation&#39;s Board of Directors held on Saturday decided to raise the prices of petroleum products.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p>

<p>&nbsp;</p>
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			'sortorder' => '18857',
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			'article_date' => '2023-10-01 06:19:47',
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			'id' => '19128',
			'article_category_id' => '1',
			'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade',
			'sub_title' => '',
			'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region&rsquo;s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it introduced the reforms through an update of ADB&rsquo;s Capital Adequacy Framework (CAF). They expand the bank&rsquo;s annual new commitments capacity to more than $36 billion&mdash;an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The bank said the expansion is achieved by optimizing ADB&rsquo;s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB&rsquo;s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB&rsquo;s capital adequacy framework is reviewed every three years.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;These important reforms will significantly expand ADB&rsquo;s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,&rdquo; said ADB President Masatsugu Asakawa. &ldquo;Our decision today is part of ADB&rsquo;s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB&rsquo;s balance sheet, multiplying the resources available for the region&rsquo;s development, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system.&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB noted that Asia and the Pacific&rsquo;s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region&rsquo;s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB&rsquo;s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs&rsquo; participation in the International Finance Facility for Education.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members&mdash;49 from the region.</span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19127',
			'article_category_id' => '1',
			'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification&nbsp;courses for the employees of the bank.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024.&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank&#39;s objective is to regularly provide training to its employees to achieve excellence.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that &nbsp;the Rastriya Bnaijya Bank &nbsp;has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution&#39;s productivity. </span></span></p>
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		'Article' => array(
			'id' => '19126',
			'article_category_id' => '1',
			'title' => 'Businessmen Hit Hard by ‘Tax Terror’',
			'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance',
			'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 29: At a time when the government&rsquo;s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The target of the government is especially big and middle level tax payers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that &#39;tax terror&rsquo; has amplified in recent days.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?&rdquo; said Gautam.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,&rdquo; said Temani. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal&#39;s economy. In this context, it is not fair to give undue pressure to the private sector because the government&rsquo;s income has declined.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General&#39;s Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p>

<p>&nbsp;</p>
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			'title' => 'Nepal into Quarters after Defeating Maldives by 138 Runs in Asian Games ',
			'sub_title' => '',
			'summary' => 'October 1: The men’s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The men&rsquo;s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games. Nepal&#39;s fast-bowler Abinash Bohara, who took a record six wickets against the Maldives, helped the country get to the quarterfinals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal, the winner of Group &#39;A&#39;, will now face one of the heavyweight teams among India, Pakistan, Bangladesh, Sri Lanka and Afghanistan.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Winning the toss and batting first in Hangzhou, China, Nepal scored 212 runs at the loss of seven wickets in the allotted 20 overs. Chasing the target of 213 runs, the Maldives was restricted to just 74 runs in 19.4 overs.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the match, Bohara bagged a record six wickets, becoming the first Nepali bowler to take six wickets in T20 international cricket. He gave away 11 runs in 3.4 overs. Earlier, Sandeep Lamichhane and Karan KC held the record of taking five wickets each for Nepal in T20 international cricket.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sompal Kami, Lamichhane, Gulshan Jha and Kushal Bhurtel took one wicket each. For the Maldives, Muawiyath Ghanee hit the highest 36 runs off 34 balls with two sixes and two boundaries. Similarly, Rasheed Rassam made 12 and Fareed Shius 10.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">For Nepal, Captain Rohit Kumar Paudel scored the highest 52 runs off 27 balls with three sixes and three fours. Likewise, Kushal Malla remained unbeaten on 47 off 20 with three sixes and three boundaries. Kushal Bhurtel made 35 off 18 with one six and five boundaries, Jha 35 off 21 with three sixes and one four, and Binod Bhandari 13 off 15 with one four.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the bowling side, the Maldives&#39; Ismail Nazuwan took three wickets.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Earlier in its first match, Nepal defeated Mongolia by a wide margin of 273 runs while breaking several records during the match. Nepal booked a place in the quarterfinals by remaining unbeaten in Group &#39;A&#39;. With the defeat, Mongolia and the Maldives placed into Group &#39;A&#39; have been eliminated from the tournament.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Test status nations, India, Pakistan, Bangladesh, Sri Lanka and Afghanistan have directly qualified for the quarterfinals. Hong Kong has entered the quarterfinals from Group &#39;B&#39;, while the team to reach the quarterfinals from Group &#39;C&#39; has not been decided yet. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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	(int) 1 => array(
		'Article' => array(
			'id' => '19139',
			'article_category_id' => '1',
			'title' => 'NOC Withdraws Fuel Price Hike ',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC stated in a notice issued on Sunday that the decision to hike the price of petroleum products has been withdrawn effective from today itself in accordance with the directive of the government. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A meeting of the Council of Ministers held earlier on Sunday had instructed the NOC to immediately withdraw its decision to increase the price of petroleum products, taking into consideration the imminent festivals and the interest of the general public.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC on Saturday hiked the price of petrol and diesel by rupees six per litre, and that of kerosene by two rupees per litre and aviation fuel (both domestic and international) by eight rupees per litre. Similarly, the price of LP Gas was increased by Rs 215 per cylinder. The price of LPG had reached 2,110 per cylinder after the hike in price. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
',
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			'image' => '20231001065538_20230815112737_20210824101943_20210707102647_20190503125003_Petrol-Price-Increase.jpg',
			'article_date' => '2023-10-01 18:54:17',
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	(int) 2 => array(
		'Article' => array(
			'id' => '19138',
			'article_category_id' => '1',
			'title' => 'Maldives’ Pro-China Opposition Candidate Mohamed Muiz Wins Presidential Election',
			'sub_title' => '',
			'summary' => 'Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The election has turned into a virtual referendum on which regional power &mdash; India or China &mdash; will have the biggest influence in the small nation.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Muiz promised he would remove Indian troops from the Maldives and balance the country&rsquo;s trade relations, which he said were heavily in India&rsquo;s favor.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Mihaaru News reported that incumbent President Ibrahim Mohamed Solih, seen as pro-India, had received 46% of the vote and that Muiz had won by more than 18,000 votes.&nbsp;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&ldquo;With today&rsquo;s result we have got the opportunity to build the country&rsquo;s future. The strength to ensure the freedom of Maldives,&rdquo; Muiz said in a statement after his victory.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&nbsp;&ldquo;It&rsquo;s time we put our differences aside and come together. We need to be a peaceful society,&rdquo; said Muiz. (Agencies) </span></span></span></p>
',
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			'created' => '2023-10-01',
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	(int) 3 => array(
		'Article' => array(
			'id' => '19137',
			'article_category_id' => '1',
			'title' => 'Case Filed Against Three in the Special Court by CIAA',
			'sub_title' => '',
			'summary' => 'The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including current member-secretary Dr Milan Kumar Thapa. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including then member-secretary of the Pashupati Area Development Trust (PADT) Dr Pradip Dhakal and PADT then treasurer and current member-secretary Dr Milan Kumar Thapa.&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">A case has been filed in the Special court today on charges of corruption, said the CIAA spokesperson Bhola Dahal. &nbsp;(RSS) </span></span></span></p>

<p>&nbsp;</p>
',
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			'article_date' => '2023-10-01 18:02:47',
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	(int) 4 => array(
		'Article' => array(
			'id' => '19136',
			'article_category_id' => '1',
			'title' => 'NRB Revised its Schedule to Raise Internal Debt at Low Rate',
			'sub_title' => '',
			'summary' => 'October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. The interest rate on internal debts taken by Neal Rastra Bank declined after the central bank did not implement the announcement made in the monetary policy.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Taking advantage of this situation, the government changed the schedule and intensified debt collection.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The government has changed the internal debt collection schedule and increased the size of the debt to be collected within the first quarter (July/August-September/October). In the schedule published in mid-July, the government had a plan to raise internal debt of Rs 55 billion in the first quarter. This is 22.9 percent of the total loan of Rs 240 billion which the government intends to collect in the current fiscal year.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the new schedule, the government is going to raise Rs 80 billion in the first quarter. This is 33.3 percent of the target. As per the new schedule, priority has been given to long-term loans raised by issuing development bonds over short-term loans raised from treasury bills.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Initially, the central bank was planning to collect Rs 10 billion and Rs 15 billion with maturity period of six years in the second quarter. Now the NRB is preparing to collect the debt in the first quarter itself.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the initial schedule, the target was to issue bonds worth Rs 50 billion for a period of 5 to 8 years within the first quarter, but now the NRB has revised its plans and will be collecting Rs 75 billion in the first quarter. The targets for the third and fourth quarter remain the same.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Nepal Rastra Bank aims to keep the average interbank interest rate higher than the bank rate and lower than the deposit collection rate through the monetary policy of the current fiscal year. The central bank can use various tools in order to maintain the upper limit of the interest rate corridor, the bank rate at 7.5 percent, and the lower limit of the deposit collection rate at 4.5 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Although the interbank interest rate has fallen below the monetary policy target in the last two weeks, the central bank has not mopped excess liquidity from the market. In the monetary policy, it is mentioned that if the interest rate is higher or lower than the target, secondary market transactions and deposit collection will be opened. However, since September 13, the interbank interest rate has been consistently lower than the target. Even on last Tuesday, the average interbank interest rate remained at 2.57 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Currently, banks and financial institutions have more than Rs 400 billion of liquidity.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Banks have not been able to invest in new loans due to the slowdown in economic activities. The investment of banks, that are unable to expand credit flow, is now limited to the internal debts of the government.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At present, the government is raising internal debt aggressively. The central bank has not even implemented the announcement of the monetary policy in order to help the government raise debt at a low cost, according to Nepal Rastra Bank sources.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On Monday, Treasury Bills were renewed at an interest rate of 3.441 percent. In July last year, the interest rate of treasury bills exceeded 12 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, the interest rate of development bonds, which was 8.64 percent in last year, has been 6.96 percent in the current year. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Deputy Spokesperson Dr Dilliram Pokharel says that the central bank did not mop liquidity from the market because current interbank interest rate is of short-term.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;The inter-bank interest rate has fallen below the target after the government allowed the accumulated amount of the local level to be counted as deposits,&quot; he said, &quot;Monetary instruments have not been issued because the liquidity is high and there is no long-term interest rate reduction.&quot;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 5 => array(
		'Article' => array(
			'id' => '19135',
			'article_category_id' => '1',
			'title' => 'Prime Minister Dahal Silent on BRI',
			'sub_title' => '',
			'summary' => 'October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. He returned home on Saturday after an eight-day visit to China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">A bilateral talks were held between the Nepali delegation led by Prime Minister Dahal and the delegation led his Chinese counterpart Li Qiang in the Chinese capital, Beijing during Dahal&rsquo;s state visit. After the talks, a </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13-</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">point joint statement was also issued on September 26</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Dahal, Nepal reaffirmed its policy on sensitive issues of its neighbors during the high-level bilateral talks. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;This has created an atmosphere of trust at the political level, leading to the prospect of bilateral cooperation in infrastructure development, trade, investment and people-to-people relations,&#39;&#39; he said at a press conference held at the Tribhuvan International Airport upon his return from China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">At the airport, the prime minister referred to many of the points mentioned in the statement as achievements of his visit, but he did not utter a single word about the Belt and Road Initiative (BRI). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The seventh point of the joint statement mentions that both countries are committed to the implementation of BRI and its plan will be completed as soon as possible. However, Prime Minister Dahal did not mention this issue in his speech which is considered as meaningful. Many expected that an important agreement would be reached during this visit, especially on projects under BRI, but it did not happen.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The prime minister mentioned that the issue of the construction of cross-border transmission line as the main achievement of his visit. In the seventh point of the joint statement of the two countries, it has been mentioned that the construction of the Kerung-Rasuwagadhi-Chilime </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">120</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> KV cross-border power transmission line will be started as soon as possible. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal added that a positive discussion was held regarding direct flights from China to Pokhara International Airport and to increase flights between the two countries. He, however, did not disclose concrete progress on debt relief. Prime Minister Dahal said that discussions were held on increasing trade, investment, international transport network and economic and social partnership with China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal said that the Chinese side has agreed to start the fourth phase of Araniko Highway maintenance project according to the needs of Nepal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, there has been an agreement with China to proceed with the feasibility study of the Tokha-Chhare tunnel at a fast pace, and to speed up the implementation of the second phase of the Kathmandu Ring Road. Twelve memorandums of understanding were signed, including an agreement to hold the eighth meeting of the working group for Nepal-China railway cooperation soon. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although Prime Minister Dahal said that there has been an agreement to open all the border crossings, such a matter was not mentioned anywhere in the joint statement. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prime Minister Dahal, Nepal succeeded in presenting the challenges of least developed countries including Nepal regarding the implementation of sustainable development goals and the impact of climate change and to draw the attention of the world community to address these issues.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19134',
			'article_category_id' => '1',
			'title' => 'Nepal gets Permission to Sell Electricity in India's Real Time Market',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India&#39;s Energy Exchange (IEX).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Until now, the NEA had been selling electricity in India&rsquo;s competitive energy market by bidding a day ahead. But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,&rdquo; said Adhikari.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX&#39;s day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p>

<p>&nbsp;</p>
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	(int) 7 => array(
		'Article' => array(
			'id' => '19133',
			'article_category_id' => '1',
			'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks',
			'sub_title' => '',
			'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The government&#39;s emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;We never have 33,000 metric tons of food. It&rsquo;s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,&rdquo; said Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,&rdquo; he said, adding this creates shortage of food all the time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government cannot intervene in the market to stop inflation when there is not enough food in the government&rsquo;s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19132',
			'article_category_id' => '1',
			'title' => 'Monsoon Exit to be Delayed by a Few Days',
			'sub_title' => '',
			'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year&#39;s monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, the department has mentioned that there is a possibility that this year&#39;s monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal,&quot; he said.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,&rdquo; said Adhikari.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, it is likely to exit the country a few days later this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Caution is requested</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19131',
			'article_category_id' => '1',
			'title' => 'North Korean Lifters Smash World Records in Asian Games',
			'sub_title' => '',
			'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men&#39;s and women&#39;s 100m at the Asian Games as North Korea&#39;s weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women&#39;s crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men&#39;s title.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Among other notable performances in track and field, the world&#39;s number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were some eye-popping performances from North Korea&#39;s women weightlifters.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women&#39;s 49kg, the first weightlifting event in Hangzhou.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women&#39;s 55kg class.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">WADA declared the country&#39;s national anti-doping body &quot;non-compliant&quot; in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women&#39;s football.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women&#39;s World Cup, where they went out in the group phase.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men&#39;s hockey group stage.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19130',
			'article_category_id' => '1',
			'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal   ',
			'sub_title' => '',
			'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;"><span style="font-size:18px">1</span>:&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that discussion was also held on the issue of conducting regular flights from other cities of China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS&nbsp;&nbsp; </span></span></span></p>
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			'id' => '19129',
			'article_category_id' => '1',
			'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation&#39;s Board of Directors held on Saturday decided to raise the prices of petroleum products.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p>

<p>&nbsp;</p>
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	(int) 12 => array(
		'Article' => array(
			'id' => '19128',
			'article_category_id' => '1',
			'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade',
			'sub_title' => '',
			'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region&rsquo;s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it introduced the reforms through an update of ADB&rsquo;s Capital Adequacy Framework (CAF). They expand the bank&rsquo;s annual new commitments capacity to more than $36 billion&mdash;an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The bank said the expansion is achieved by optimizing ADB&rsquo;s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB&rsquo;s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB&rsquo;s capital adequacy framework is reviewed every three years.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;These important reforms will significantly expand ADB&rsquo;s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,&rdquo; said ADB President Masatsugu Asakawa. &ldquo;Our decision today is part of ADB&rsquo;s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB&rsquo;s balance sheet, multiplying the resources available for the region&rsquo;s development, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system.&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB noted that Asia and the Pacific&rsquo;s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region&rsquo;s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB&rsquo;s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs&rsquo; participation in the International Finance Facility for Education.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members&mdash;49 from the region.</span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19127',
			'article_category_id' => '1',
			'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification&nbsp;courses for the employees of the bank.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024.&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank&#39;s objective is to regularly provide training to its employees to achieve excellence.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that &nbsp;the Rastriya Bnaijya Bank &nbsp;has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution&#39;s productivity. </span></span></p>
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			'id' => '19126',
			'article_category_id' => '1',
			'title' => 'Businessmen Hit Hard by ‘Tax Terror’',
			'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance',
			'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 29: At a time when the government&rsquo;s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The target of the government is especially big and middle level tax payers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that &#39;tax terror&rsquo; has amplified in recent days.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?&rdquo; said Gautam.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,&rdquo; said Temani. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal&#39;s economy. In this context, it is not fair to give undue pressure to the private sector because the government&rsquo;s income has declined.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General&#39;s Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p>

<p>&nbsp;</p>
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			'title' => 'Nepal into Quarters after Defeating Maldives by 138 Runs in Asian Games ',
			'sub_title' => '',
			'summary' => 'October 1: The men’s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The men&rsquo;s cricket team of Nepal entered the quarterfinals on Sunday after defeating the Maldives by a wide margin of 138 runs in the 19th Asian Games. Nepal&#39;s fast-bowler Abinash Bohara, who took a record six wickets against the Maldives, helped the country get to the quarterfinals.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal, the winner of Group &#39;A&#39;, will now face one of the heavyweight teams among India, Pakistan, Bangladesh, Sri Lanka and Afghanistan.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Winning the toss and batting first in Hangzhou, China, Nepal scored 212 runs at the loss of seven wickets in the allotted 20 overs. Chasing the target of 213 runs, the Maldives was restricted to just 74 runs in 19.4 overs.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the match, Bohara bagged a record six wickets, becoming the first Nepali bowler to take six wickets in T20 international cricket. He gave away 11 runs in 3.4 overs. Earlier, Sandeep Lamichhane and Karan KC held the record of taking five wickets each for Nepal in T20 international cricket.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Sompal Kami, Lamichhane, Gulshan Jha and Kushal Bhurtel took one wicket each. For the Maldives, Muawiyath Ghanee hit the highest 36 runs off 34 balls with two sixes and two boundaries. Similarly, Rasheed Rassam made 12 and Fareed Shius 10.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">For Nepal, Captain Rohit Kumar Paudel scored the highest 52 runs off 27 balls with three sixes and three fours. Likewise, Kushal Malla remained unbeaten on 47 off 20 with three sixes and three boundaries. Kushal Bhurtel made 35 off 18 with one six and five boundaries, Jha 35 off 21 with three sixes and one four, and Binod Bhandari 13 off 15 with one four.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On the bowling side, the Maldives&#39; Ismail Nazuwan took three wickets.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Earlier in its first match, Nepal defeated Mongolia by a wide margin of 273 runs while breaking several records during the match. Nepal booked a place in the quarterfinals by remaining unbeaten in Group &#39;A&#39;. With the defeat, Mongolia and the Maldives placed into Group &#39;A&#39; have been eliminated from the tournament.&nbsp;&nbsp;&nbsp;&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Test status nations, India, Pakistan, Bangladesh, Sri Lanka and Afghanistan have directly qualified for the quarterfinals. Hong Kong has entered the quarterfinals from Group &#39;B&#39;, while the team to reach the quarterfinals from Group &#39;C&#39; has not been decided yet. -- RSS&nbsp;&nbsp;&nbsp; </span></span></p>

<p>&nbsp;</p>
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			'id' => '19139',
			'article_category_id' => '1',
			'title' => 'NOC Withdraws Fuel Price Hike ',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 1: The Nepal Oil Corporation (NOC) has decided to roll back its decision to increase the price of petroleum products effective from midnight today (October 1).&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC stated in a notice issued on Sunday that the decision to hike the price of petroleum products has been withdrawn effective from today itself in accordance with the directive of the government. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A meeting of the Council of Ministers held earlier on Sunday had instructed the NOC to immediately withdraw its decision to increase the price of petroleum products, taking into consideration the imminent festivals and the interest of the general public.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC spokesman Manoj Kumar Thakur said the decision to hike the price has been retracted and it would be adjusted from the money to be received from the price stabilization fund and the Government of Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">NOC on Saturday hiked the price of petrol and diesel by rupees six per litre, and that of kerosene by two rupees per litre and aviation fuel (both domestic and international) by eight rupees per litre. Similarly, the price of LP Gas was increased by Rs 215 per cylinder. The price of LPG had reached 2,110 per cylinder after the hike in price. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
',
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			'created' => '2023-10-01',
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			'image' => '20231001065538_20230815112737_20210824101943_20210707102647_20190503125003_Petrol-Price-Increase.jpg',
			'article_date' => '2023-10-01 18:54:17',
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	(int) 2 => array(
		'Article' => array(
			'id' => '19138',
			'article_category_id' => '1',
			'title' => 'Maldives’ Pro-China Opposition Candidate Mohamed Muiz Wins Presidential Election',
			'sub_title' => '',
			'summary' => 'Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: Maldives opposition candidate Mohamed Muiz, who supports closer ties between the Indian Ocean archipelago and China, won the presidential runoff on Saturday with more than 53% of the vote, local media reported.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The election has turned into a virtual referendum on which regional power &mdash; India or China &mdash; will have the biggest influence in the small nation.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Muiz promised he would remove Indian troops from the Maldives and balance the country&rsquo;s trade relations, which he said were heavily in India&rsquo;s favor.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Mihaaru News reported that incumbent President Ibrahim Mohamed Solih, seen as pro-India, had received 46% of the vote and that Muiz had won by more than 18,000 votes.&nbsp;</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&ldquo;With today&rsquo;s result we have got the opportunity to build the country&rsquo;s future. The strength to ensure the freedom of Maldives,&rdquo; Muiz said in a statement after his victory.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">&nbsp;&ldquo;It&rsquo;s time we put our differences aside and come together. We need to be a peaceful society,&rdquo; said Muiz. (Agencies) </span></span></span></p>
',
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			'created' => '2023-10-01',
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			'article_date' => '2023-10-01 18:26:01',
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	(int) 3 => array(
		'Article' => array(
			'id' => '19137',
			'article_category_id' => '1',
			'title' => 'Case Filed Against Three in the Special Court by CIAA',
			'sub_title' => '',
			'summary' => 'The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including current member-secretary Dr Milan Kumar Thapa. ',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 1: The Commission for the Investigation of Abuse of Authority (CIAA) has filed a case in the special court against three people including then member-secretary of the Pashupati Area Development Trust (PADT) Dr Pradip Dhakal and PADT then treasurer and current member-secretary Dr Milan Kumar Thapa.&nbsp; </span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">A case has been filed in the Special court today on charges of corruption, said the CIAA spokesperson Bhola Dahal. &nbsp;(RSS) </span></span></span></p>

<p>&nbsp;</p>
',
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			'article_date' => '2023-10-01 18:02:47',
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	(int) 4 => array(
		'Article' => array(
			'id' => '19136',
			'article_category_id' => '1',
			'title' => 'NRB Revised its Schedule to Raise Internal Debt at Low Rate',
			'sub_title' => '',
			'summary' => 'October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The internal debt raised by the government has become cheaper as the liquidity in banks and financial institutions has eased and interest rates have been low. The interest rate on internal debts taken by Neal Rastra Bank declined after the central bank did not implement the announcement made in the monetary policy.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Taking advantage of this situation, the government changed the schedule and intensified debt collection.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The government has changed the internal debt collection schedule and increased the size of the debt to be collected within the first quarter (July/August-September/October). In the schedule published in mid-July, the government had a plan to raise internal debt of Rs 55 billion in the first quarter. This is 22.9 percent of the total loan of Rs 240 billion which the government intends to collect in the current fiscal year.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the new schedule, the government is going to raise Rs 80 billion in the first quarter. This is 33.3 percent of the target. As per the new schedule, priority has been given to long-term loans raised by issuing development bonds over short-term loans raised from treasury bills.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Initially, the central bank was planning to collect Rs 10 billion and Rs 15 billion with maturity period of six years in the second quarter. Now the NRB is preparing to collect the debt in the first quarter itself.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the initial schedule, the target was to issue bonds worth Rs 50 billion for a period of 5 to 8 years within the first quarter, but now the NRB has revised its plans and will be collecting Rs 75 billion in the first quarter. The targets for the third and fourth quarter remain the same.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Nepal Rastra Bank aims to keep the average interbank interest rate higher than the bank rate and lower than the deposit collection rate through the monetary policy of the current fiscal year. The central bank can use various tools in order to maintain the upper limit of the interest rate corridor, the bank rate at 7.5 percent, and the lower limit of the deposit collection rate at 4.5 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Although the interbank interest rate has fallen below the monetary policy target in the last two weeks, the central bank has not mopped excess liquidity from the market. In the monetary policy, it is mentioned that if the interest rate is higher or lower than the target, secondary market transactions and deposit collection will be opened. However, since September 13, the interbank interest rate has been consistently lower than the target. Even on last Tuesday, the average interbank interest rate remained at 2.57 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Currently, banks and financial institutions have more than Rs 400 billion of liquidity.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Banks have not been able to invest in new loans due to the slowdown in economic activities. The investment of banks, that are unable to expand credit flow, is now limited to the internal debts of the government.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">At present, the government is raising internal debt aggressively. The central bank has not even implemented the announcement of the monetary policy in order to help the government raise debt at a low cost, according to Nepal Rastra Bank sources.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On Monday, Treasury Bills were renewed at an interest rate of 3.441 percent. In July last year, the interest rate of treasury bills exceeded 12 percent.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Similarly, the interest rate of development bonds, which was 8.64 percent in last year, has been 6.96 percent in the current year. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Nepal Rastra Bank&rsquo;s Deputy Spokesperson Dr Dilliram Pokharel says that the central bank did not mop liquidity from the market because current interbank interest rate is of short-term.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&quot;The inter-bank interest rate has fallen below the target after the government allowed the accumulated amount of the local level to be counted as deposits,&quot; he said, &quot;Monetary instruments have not been issued because the liquidity is high and there is no long-term interest rate reduction.&quot;</span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 5 => array(
		'Article' => array(
			'id' => '19135',
			'article_category_id' => '1',
			'title' => 'Prime Minister Dahal Silent on BRI',
			'sub_title' => '',
			'summary' => 'October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. ',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: Prime Minister Pushpa Kamal Dahal has returned home after an official visit to the United States of America and China. He returned home on Saturday after an eight-day visit to China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">A bilateral talks were held between the Nepali delegation led by Prime Minister Dahal and the delegation led his Chinese counterpart Li Qiang in the Chinese capital, Beijing during Dahal&rsquo;s state visit. After the talks, a </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13-</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">point joint statement was also issued on September 26</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Dahal, Nepal reaffirmed its policy on sensitive issues of its neighbors during the high-level bilateral talks. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;This has created an atmosphere of trust at the political level, leading to the prospect of bilateral cooperation in infrastructure development, trade, investment and people-to-people relations,&#39;&#39; he said at a press conference held at the Tribhuvan International Airport upon his return from China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">At the airport, the prime minister referred to many of the points mentioned in the statement as achievements of his visit, but he did not utter a single word about the Belt and Road Initiative (BRI). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The seventh point of the joint statement mentions that both countries are committed to the implementation of BRI and its plan will be completed as soon as possible. However, Prime Minister Dahal did not mention this issue in his speech which is considered as meaningful. Many expected that an important agreement would be reached during this visit, especially on projects under BRI, but it did not happen.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The prime minister mentioned that the issue of the construction of cross-border transmission line as the main achievement of his visit. In the seventh point of the joint statement of the two countries, it has been mentioned that the construction of the Kerung-Rasuwagadhi-Chilime </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">120</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> KV cross-border power transmission line will be started as soon as possible. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal added that a positive discussion was held regarding direct flights from China to Pokhara International Airport and to increase flights between the two countries. He, however, did not disclose concrete progress on debt relief. Prime Minister Dahal said that discussions were held on increasing trade, investment, international transport network and economic and social partnership with China.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Prime Minister Dahal said that the Chinese side has agreed to start the fourth phase of Araniko Highway maintenance project according to the needs of Nepal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, there has been an agreement with China to proceed with the feasibility study of the Tokha-Chhare tunnel at a fast pace, and to speed up the implementation of the second phase of the Kathmandu Ring Road. Twelve memorandums of understanding were signed, including an agreement to hold the eighth meeting of the working group for Nepal-China railway cooperation soon. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although Prime Minister Dahal said that there has been an agreement to open all the border crossings, such a matter was not mentioned anywhere in the joint statement. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Prime Minister Dahal, Nepal succeeded in presenting the challenges of least developed countries including Nepal regarding the implementation of sustainable development goals and the impact of climate change and to draw the attention of the world community to address these issues.</span></span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '19134',
			'article_category_id' => '1',
			'title' => 'Nepal gets Permission to Sell Electricity in India's Real Time Market',
			'sub_title' => '',
			'summary' => 'October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India's Energy Exchange (IEX).',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 1: The Nepal Electricity Authority (NEA) has received permission from India for the first time to sell electricity in the real time market of India&#39;s Energy Exchange (IEX).</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Until now, the NEA had been selling electricity in India&rsquo;s competitive energy market by bidding a day ahead. But now onwards, NEA will now be allowed to sell electricity by bidding just 1 hours and fifteen minutes in advance.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The Central Electricity Authority under the Ministry of Electricity of India gave permission to NEA to sell electricity in the real time market on Saturday. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">On 31 July, the Ministry of Electricity of India amended the procedures of the bodies designated for the approval and facilitation of electricity import/export (cross border) and made arrangements to allow the authorized bodies of the neighboring countries to participate in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">In the first phase, the Central Electricity Authority of India has approved the sale of around 44 MW of electricity generated by the 19.4 MW Lower Modi and 24.25 MW Kabeli B1 hydropower projects in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The electricity of both these projects was being sold in the day-ahead market. The permission given to the day-ahead market was ending on Saturday. Prabal Adhikari, Director of Electricity Trading Department of the NEA said that India has granted permission for the sale of electricity generated by the two projects in both day-ahead and real time markets. Now the electricity of the two projects can be sold a day ahead and also as per the need in the real time market.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Earlier, we had to wait for a day to import and export electricity in the competitive market, but now we are able to bid and do business 1 hour fifteen minutes in advance. This has created a situation where we can buy and sell electricity if the electricity production suddenly stops or if the production increases,&rdquo; said Adhikari.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA has been exporting surplus electricity of 110 MW in the rainy season to the Indian company NTPC Vidhyut Vyapar Nigam Limited (NVVN) through competition in IEX&#39;s day-ahead market and recently under a mid-term power agreement. NVVN is selling the electricity in the state of Haryana.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The NEA has received approval for the export of 522 megawatts of electricity in the competitive market and 110 megawatts to Haryana for a total of 632 megawatts. Out of this, 562 MW of electricity is being exported through the Dhalkebar-Muzaffar 400 KV transmission line and 70 MW from Mahendranagar-Tanakpur 132 KV transmission line.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NEA exported electricity worth Rs. 5.43 billion from mid-July to mid-September of the current financial year. </span></span></p>

<p>&nbsp;</p>
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	(int) 7 => array(
		'Article' => array(
			'id' => '19133',
			'article_category_id' => '1',
			'title' => 'Government’s Emergency Warehouse has Insufficient Food Stocks',
			'sub_title' => '',
			'summary' => 'October 1: The government's emergency warehouse has only half the food stock the prescrimed amount.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The government&#39;s emergency warehouse has only half the food stock the prescrimed amount.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a provision that the government should mandatorily keep 33,000 metric tons of food in stock for emergency situations like epidemics, earthquakes and floods. However, currently, the government-owned Food Management and Trading Company Limited has only about 16,000 metric tons of food in stock.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Officials say that the company has 12,300 metric tons of rice, 435 metric tons of paddy, 3,400 metric tons of wheat and 4 metric tons of lentils along with 1,085 liters of cooking oil. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Information officer Sharmila Subedi admitted that the company has never been able to stock more than 25,000 metric tons of food grains even before. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;We never have 33,000 metric tons of food. It&rsquo;s always around 20,000/22,000 thousand metric tons and up to 25,000 metric tons during peak season. There is a problem of food getting spoiled if the stock is kept for a long time. So we have maintained less stock of food,&rdquo; said Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to her, the current need is the operation of fair price shops targeting Dashain Tihar festivals. Newly-harvested paddy will start coming in almost immediately. Therefore, even if there is not enough stock, there is not much of a problem, added Subedi.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Stakeholders say that the government is to blame for not having enough food stocks with the state-owned companies. Consumer rights activist Madhav Timilsina said that the government did not set the support price for rice and wheat on time, released the budget late, started the purchase of rice and wheat late, and failed to purchase according to the target. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Since the support price is fixed too late, the company cannot procure food in time. If there is no purchase in time, the company will have to buy rice again,&rdquo; he said, adding this creates shortage of food all the time.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to Timilsina, this happens when both the food companies and the government are irresponsible towards the citizens.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The government cannot intervene in the market to stop inflation when there is not enough food in the government&rsquo;s own food store. Now the price of every food item in the market is on the rise. While the sugar stock with the government company is zero, its retail price in the market has reached Rs 135 per kg. The price of all types of rice has increased by up to Rs 100 per bag.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">As the festive season approaches, traders and businessmen have started the monopoly of the market while black marketing has flourished. Government companies have only fulfilled their rituals in the name of opening fair-price shops.</span></span></span></p>

<p>&nbsp;</p>
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	(int) 8 => array(
		'Article' => array(
			'id' => '19132',
			'article_category_id' => '1',
			'title' => 'Monsoon Exit to be Delayed by a Few Days',
			'sub_title' => '',
			'summary' => 'October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year's monsoon exit from Nepal will be delayed by a few days.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 1: The Weather Forecasting Division under the Department of Hydrology and Meteorology has said this year&#39;s monsoon exit from Nepal will be delayed by a few days.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Although the average date of monsoon withdrawal in Nepal is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, the department has mentioned that there is a possibility that this year&#39;s monsoon will exit a few days later than the average date. The division issued a special weather bulletin on Friday and predicted that the monsoon will be delayed due to the low pressure effect currently developing in the north-western parts of the Bay of Bengal.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sanjiv Adhikari, meteorologist of the division, said that although the monsoon exit date is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, there is a possibility of rain in the next few days due to the development of a rain-making system (low pressure area). </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The process of monsoon exit from the western parts of India has already started. However, now a low pressure area has build up in the Bay of Bengal and it is becoming stronger and moving towards the north-west, so it seems that it will take some more time for the monsoon to leave Nepal,&quot; he said.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to the meteorologist, as the low pressure area is developing in the eastern parts of the country, there is a possibility of heavy rain in some parts of the country in the next two to four days. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;The low pressure system developed in the east may not affect the west and far west of the country. There is a possibility of more rain in the eastern and central parts of Nepal,&rdquo; said Adhikari.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The farmers are already preparing to harvest paddy because the festival of Dashain is late this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has urged people involved in agriculture and transport service to remain alert as the impact of monsoon is most likely to affect these sectors.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The monsoon arrival date is June </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">13</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> but this year it entered Nepal a day later. Monsoon spreads across the country from the eastern parts of Nepal. Similarly, the earliest date of monsoon exit is October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">2</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">, it is likely to exit the country a few days later this year.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Caution is requested</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">There is a possibility of partial to normal rainfall with thunder and lightning in many places of the country until Tuesday, according to the division. Likewise, heavy rainfall is likely to occur in one or two places in Koshi, Madhes, Gandaki and Lumbini provinces. </span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The division has requested the general public to take necessary precautions saying that there is a risk of landslides in the hill and mountainous areas due to rain. The division warned that the water level in large and small rivers and streams may rise and daily life may be affected along with road travel and air traffic.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Since it is the time for harvesting crop, the division has requested the general public and all concerned agencies to take necessary precautions.</span></span></span></span></p>

<p>&nbsp;</p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19131',
			'article_category_id' => '1',
			'title' => 'North Korean Lifters Smash World Records in Asian Games',
			'sub_title' => '',
			'summary' => 'October 1: Hosts China romped to gold in the men's and women's 100m at the Asian Games as North Korea's weightlifters scorched several world records on an action-packed Saturday, reported AFP.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">October 1: Hosts China romped to gold in the men&#39;s and women&#39;s 100m at the Asian Games as North Korea&#39;s weightlifters scorched several world records on an action-packed Saturday, reported AFP.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">According to the French news agency, golds were up for grabs on a damp day in Hangzhou in everything from diving and eSports to athletics and roller skating.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">China inevitably hoovered up many of them to take them to 114 golds in total at the halfway stage of the competition, well clear of Japan (28 golds) and South Korea (27).</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The 100m sprints are among the most prestigious events of any Games and it was two Chinese speedsters who thrilled the raucous crowd with victories at the 80,000-capacity Hangzhou Olympic stadium, added AFP</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">First, Ge Manqi raced to the line in 11.23sec to take the women&#39;s crown and then Xie Zhenye made it double home delight with his winning time of 9.97sec for the men&#39;s title.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Among other notable performances in track and field, the world&#39;s number-two ranked pole vaulter EJ Obiena of the Philippines cleared 5.90m for gold and a Games record.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><strong><span style="font-size:14.0pt">Records tumble </span></strong></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were some eye-popping performances from North Korea&#39;s women weightlifters.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">They were competing at an international event for the first time since December 2019 after the country sealed its borders because of the pandemic.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">But that did not stop them from shattering a slew of world records.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Ri Song Gum broke two world records in the women&#39;s 49kg, the first weightlifting event in Hangzhou.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Then Kang Hyong Yong, a 24-year-old with no international pedigree, set a hat-trick of world records in snatch, clean and jerk, and combined on her way to gold in the women&#39;s 55kg class.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">There were tears on the podium as Ri and Kang saluted the North Korean flag -- which was hoisted once again in contravention of a World Anti-Doping Agency edict.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">WADA declared the country&#39;s national anti-doping body &quot;non-compliant&quot; in 2021 and slapped it with sanctions, including not being able to fly the flag at continental events.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Elsewhere, North Korea thrashed South Korea 4-1 in a feisty quarter-final of the women&#39;s football.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">South Korea, led by the English coach Colin Bell, included players who featured at the recent Women&#39;s World Cup, where they went out in the group phase.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The neighbours, who are still technically at war, were locked at 1-1 when South Korea forward Son Hwa-yeon was sent off for a second yellow card close to half time.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">North Korea made the most of their numerical advantage to score three times in the second period for an ultimately comfortable victory, their players celebrating wildly at the full-time whistle.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">Pakistan and arch-rivals India then clashed in the men&#39;s hockey group stage.</span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt">The highly anticipated showdown turned out to be a mismatch, however, as India thrashed their neighbours 10-2.</span></span></span></p>

<p>&nbsp;</p>
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	(int) 10 => array(
		'Article' => array(
			'id' => '19130',
			'article_category_id' => '1',
			'title' => 'Nepal-China Agree to Open all Checkpoints: PM Dahal   ',
			'sub_title' => '',
			'summary' => 'October 1: After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October </span></span></span><span style="font-size:11.0pt"><span style="font-family:&quot;Calibri&quot;,&quot;sans-serif&quot;"><span style="font-size:18px">1</span>:&nbsp;</span></span><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">After wrapping up his week-long visit to China on Saturday, Prime Minister Pushpa Kamal Dahal said Nepal and China have reached an understanding to open all border checkpoints between the two countries which were operational before the coronavirus pandemic.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Talking to media persons upon his arrival at Tribhuvan International Airport on Saturday after completing his official visit to China, PM Dahal shared that both Nepal and China have agreed to bring the checkpoints used locally in the border areas into operation after completing technical and necessary preparations.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He further mentioned that the Chinese government had expressed commitment to provide grants to systematize some checkpoints.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Similarly, significant discussion was held regarding regular operation of Pokhara Regional International Airport, added PM Dahal. He further said that Nepal needs to make internal preparations to operate two-way flights between Pokhara and Chengdu.</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that discussion was also held on the issue of conducting regular flights from other cities of China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, he thanked Deputy Prime Minister and Defence Minister Purna Bahadur Khadka for addressing the demands of the agitating teachers and health workers while he was out of the country. -- RSS&nbsp;&nbsp; </span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '19129',
			'article_category_id' => '1',
			'title' => 'Nepal Oil Corporation Hikes Prices of Petroleum Products',
			'sub_title' => '',
			'summary' => 'he meeting of the Nepal Oil Corporation's Board of Directors held on Saturday decided to raise the prices of petroleum products. The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 1: The meeting of the Nepal Oil Corporation&#39;s Board of Directors held on Saturday decided to raise the prices of petroleum products.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The state-owned entity with monopoly in the import and distribution of the petroleum products has hiked the price of petrol per liter by Rs 2, diesel and kerosene by Rs 6 per liter. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the NOC has hiked the price of cooking gas by Rs 215 per cylinder. Similarly, NOC has increased the the prices of both domestic and international aviation fuel by Rs 8 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With the revision of the price, the price of cooking gas per cylinder now costs Rs 2,110. The price of petrol in the first category (Charali, Biratnagar, Janakpur, Amlekhgunj, Bhairahawa, Nepalgunj, Dhangadhi, and Birgunj Depots) stands at Rs 182.5 per liter.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, the price of the petrol in the second category (Surkhet and Dang) is Rs 184, and in Kathmandu, Pokhara, and Dipayal Rs 185 per liter.&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, the price of diesel is set at Rs 176.5 per liter in the first category, Rs 178 in the second category, and Rs 179 in the third category. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">T</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">he price of domestic aviation fuel now costs Rs 144 per liter, and the international price is $1.095 per liter. The increased prices have come into effect after Saturday midnight. </span></span></p>

<p>&nbsp;</p>
',
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	(int) 12 => array(
		'Article' => array(
			'id' => '19128',
			'article_category_id' => '1',
			'title' => 'ADB Capital Management Reforms Unlock $100 Billion in New Funding Over Next Decade',
			'sub_title' => '',
			'summary' => 'September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region’s overlapping, simultaneous crises. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">September 29: The Asian Development Bank (ADB) on Friday approved capital management reforms that unlock US$100 billion in new funding capacity over the next decade to address the region&rsquo;s overlapping, simultaneous crises. Issuing a statement on Friday, the ADB said expansion of available funds will be further leveraged through mobilizing private and domestic capital to move from the billions to trillions required to tackle the climate crisis.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it introduced the reforms through an update of ADB&rsquo;s Capital Adequacy Framework (CAF). They expand the bank&rsquo;s annual new commitments capacity to more than $36 billion&mdash;an increase of approximately $10 billion, or about 40%, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The bank said the expansion is achieved by optimizing ADB&rsquo;s prudential level of capitalization while maintaining its overall risk appetite. The reforms also create a Countercyclical Lending Buffer to support ADB developing member countries (DMCs) facing unexpected crises.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB added that the measures, which will enable it to provide up to $360 billion of its own financing to its DMCs and private sector clients over the next decade, are designed to ensure ADB maintains its AAA credit rating and its ability to provide DMCs with funding at low cost and with long maturities. The reforms further safeguard ADB&rsquo;s AAA credit rating through the introduction of a recovery plan that would prevent capital erosion during periods of financial stress. ADB&rsquo;s capital adequacy framework is reviewed every three years.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;These important reforms will significantly expand ADB&rsquo;s ability to support a broad range of critical development efforts across Asia and the Pacific, including greater concessional resources for our vulnerable members,&rdquo; said ADB President Masatsugu Asakawa. &ldquo;Our decision today is part of ADB&rsquo;s response to the call for multilateral development banks (MDBs) to do more with our resources and faster. These resources will help the region manage a complex set of overlapping crises, address gender inequality, and provide for basic needs in the context of the existential challenge of climate change. This extra lending power will be extended and leveraged further by renewed efforts to mobilize private and domestic capital and maximize the impact of our work.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">According to the ADB, private capital mobilization will play a critical role in leveraging billions to trillions, by expanding private sector involvement in the development agenda. Upstream actions will help improve macroeconomic policy and the institutional and enabling environment for private sector investment, spurring increased domestic and foreign investment. Midstream advisory support will help create project pipelines and prepare bankable projects that can attract private sector investment. Downstream financing will be structured to crowd in private capital in development projects, including de-risking for the private sector. Upstream enablement, and mid and downstream mobilization, will leverage ADB&rsquo;s balance sheet, multiplying the resources available for the region&rsquo;s development, added the statement.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB further said economies must also mobilize more tax revenue, modernize tax authorities through digitalization, and cooperate to ensure a fair and well-functioning international tax system.&nbsp; </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">&ldquo;Domestic resource mobilization is vital in the effort to address debt sustainability and to achieve the Sustainable Development Goals. ADB established the Asia Pacific Tax Hub in 2021 to provide an open and inclusive platform for strategic policy dialogue, knowledge sharing, and development coordination among ADB, its members, and development partners.&rdquo;</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB noted that Asia and the Pacific&rsquo;s poor and vulnerable are acutely exposed to escalating and interconnected crises that jeopardize their health, educational outcomes, and livelihoods. An estimated 155 million people, or 3.9% of the region&rsquo;s population, lived in extreme poverty in 2022 and many, in particular women, face a cost-of-living crisis that has made food and other essential commodities and services unaffordable, ADB wrote on its website.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The updated CAF is the latest of several initiatives by ADB to increase its lending capacity. In May, ADB established the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), which allows donors to guarantee parts of the existing sovereign loan portfolio on ADB&rsquo;s balance sheet, thereby releasing capital for new climate projects. ADB said it has also entered into sovereign exposure exchange agreements with other MDBs to reduce portfolio concentration risks and leads the MDBs&rsquo; participation in the International Finance Facility for Education.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">ADB said it is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members&mdash;49 from the region.</span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19127',
			'article_category_id' => '1',
			'title' => 'RBB and National Banking Institute Ink Agreement for Employees’ Training',
			'sub_title' => '',
			'summary' => 'Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run certificate course on banking for the employees of the bank.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">September 29: Rastriya Banijya Bank Limited and National Banking Institute have signed an agreement to run banking certification&nbsp;courses for the employees of the bank.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Chief Executive Officer of the bank, Kiran Kumar Shrestha, and the Chief Executive Officer of the institute, Kumar Lamsal, have signed the agreement. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As per this agreement, the institute will provide certification courses, including JANBI, CANBI, Moodys, and others, to one thousand employees of the bank to enhance their capacity and competency in the fiscal year 2023/2024.&nbsp;</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The CEO of the bank, Shrestha, said that the bank&#39;s objective is to regularly provide training to its employees to achieve excellence.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Kumar Lamsal, the CEO of the institute, said that &nbsp;the Rastriya Bnaijya Bank &nbsp;has prioritized training for its employees in the banking sector, and training programmes will contribute to the growth of institution&#39;s productivity. </span></span></p>
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			'id' => '19126',
			'article_category_id' => '1',
			'title' => 'Businessmen Hit Hard by ‘Tax Terror’',
			'sub_title' => 'Government Giving Undue Pressure to Private Sector to Pay Taxes in Advance',
			'summary' => 'September 29: At a time when the government’s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">September 29: At a time when the government&rsquo;s revenue collection target is off the mark, authorizes are trying to meet the revenue target by hook or crook. They are making every possible attempts to stop revenue leakage and have also started calling businessmen in advance to pay their taxes.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On one hand, the government has failed to acquire grants from the donor agencies while it has not been able to collect revenue as per the target. In such a situation, the ministry itself has issued instructions to its subordinate bodies to stop revenue leakage and to collect taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The industrialists said that the government has been exerting them to pay the taxes in advance.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The target of the government is especially big and middle level tax payers.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Hari Gautam, senior vice-president of Birgunj chapter of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) said that &#39;tax terror&rsquo; has amplified in recent days.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;The industries are not operating in full capacity due to the recession. The income has dried up, while the tax authorities are calling us every day and asking us when we will pay the taxes. How are we going to pay the taxes in such situation?&rdquo; said Gautam.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the state, which has set ambitious targets in the budget and does not pay any attention to reducing the current expenditure, is now collecting taxes by bullying the businessmen. As the state does not take effective steps to improve the stagnant economy, the existing industries are falling into more and more problems. He said that when the government took internal loans from the beginning of the current fiscal year to cover its expenses, a large amount of money going to industries and factories through the financial system was stopped.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Ashok Kumar Temani, president of Madhesh Province chapter of FNCCI said that the tax authorities are exerting pressure from all sides. He said that the government in the past used to discuss with businessmen before formulating ta policy. It stopped doing so after the onset of coronavirus pandemic, said Temani.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He complained that the government sets ambitious targets in the budget and then extorts money from the businessmen and industrialists.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;Because of this, the industrial sector on the verge of collapse. There is a danger of the country falling into a major economic crisis,&rdquo; said Temani. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">He believes that the problem has deepened in the country since the government started considering remittances as the main source of income rather than supporting the productive sector.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Kamlesh Kumar Agarwal, senior vice president of Nepal Chamber of Commerce, says that the effect of the global recession is seen in Nepal&#39;s economy. In this context, it is not fair to give undue pressure to the private sector because the government&rsquo;s income has declined.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">According to him, the current problem is not created by the private sector. Many industrialists and businessmen have fled due to the effects of the global recession. Agarwal said that the state should bring a policy to protect industry and business. It is not appropriate for the government to pressurize the private sector because its income is shrinking.&rdquo;</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The income of the government is not satisfactory due to internal and external reasons rather than the non-payment of taxes by the industrialists and traders. He complains that although the impact of the decline in global trade due to the Covid-19 pandemic and Russia-Ukraine tension is seen in the economy, the government has not paid attention to policy reforms.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In recent months, the government has failed to collect revenue as per its target. According to the Finance Comptroller General&#39;s Office, the government has collected Rs 154.23 billion as of mid-August this year. This is Rs 8.78 billion less than the revenue collected in the same period of last year.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">This year, the government is yet to receive foreign grants. The government has set a target of collecting Rs 1422 billion in revenue this year.</span></span></span></p>

<p>&nbsp;</p>
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FOREX

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

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

Bullion

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

Update : 2020-03-25

Source: Federation of Nepal Gold and Silver Dealers' Association

Petroleum

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