August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price…
August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price…
August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one…
August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being.…
August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not…
August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY…
August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year.…
August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various…
August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring…
The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2.…
Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since…
The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three…
August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police…
August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects…
August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the…
August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized at the Ministry on Wednesday, Minister Rijal said he would extend full support and cooperation to solve the problems faced by the supply system in the country. All sides concerned can play significant role to make supply chain smooth and effective, he said, adding that the ministry would facilitate the supply of essential goods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by commerce secretary along with the secretary at the Ministry of Agriculture and Livestock Development, officials from different ministries and chiefs of public bodies related to supply. It was also attended by the representatives of the business sectors including FNCCI, and CNI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Commerce Secretary Madhu Kumar Marasini said both public and private sectors could work together for smooth supply of goods in view of the upcoming festive season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that government would beef up market monitoring and discuss how the solve problems after India adopted a policy to ban rice supply to Nepal. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18370', 'image' => '20230803020040_20201012023113_1602458957.Clipboard15.jpg', 'article_date' => '2023-08-03 14:00:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18640', 'article_category_id' => '1', 'title' => 'Health Ministry Orders Hospitals to Run their Own Pharmacies within One Month ', 'sub_title' => '', 'summary' => 'August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a circular in the name of government, private, non-government and community institutes and medical colleges, the ministry warned of taking action against such health institutes and hospitals that do not have their own pharmacies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The health institutions and hospitals not operating pharmacies on their own on the hospital premises should complete necessary process to run the pharmacies within a month from the date of the issuance of this circular. Action will be taken against such health institutions and hospitals if they do not comply with the order," reads the circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the ministry also instructed the hospitals and health institutions having their own pharmacies to ensure that all medicines and related goods re available for the patients round the clock. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Drug Manager of the Ministry, Usha Tandukar, said it is necessary to ensure that patients and their attendants get medicine at any time in hospitals. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18369', 'image' => '20230803015942_hospitalll.jpg', 'article_date' => '2023-08-03 13:59:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18639', 'article_category_id' => '1', 'title' => 'Industrialists Submit 35-Point Memo to Government', 'sub_title' => '', 'summary' => 'August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. Traders have been protesting since the government made importer and seller labels mandatory on imported goods from the beginning of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The office bearers and members of the Trade Committee of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) made such requests to Minister for Industry, Commerce and Supplies Ramesh Rijal on Tuesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Subodh Kumar Gupta, chairman of the committee, informed New Business Age that they submitted a 35-point suggestion letter to the government requesting for business facilitation, which is currently problematic from all sides.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The importers claim that the arrangement of labels has created an atmosphere of confusion and discomfort among businessmen and this has affected the overall business. They said that the government is making a procedure, so they demanded a postponement of labeling until this arrangement is made.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The businessmen demanded that the private sector should also participate in such a team to make the monitoring done by the local monitoring committee transparent and effective. Gupta said that the employees engaged in monitoring should be aware of the nature and process of the items to be monitored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">They also demand that the VCTS implemented by the Revenue Investigation Department should be penalty-free. The entrepreneurs have demanded that all kinds of taxes levied by the government on transportation should be removed, the available tools should be used to stabilize bank interest rates, and export subsidies should be made available.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Industrialists and traders have also demanded that there should be a system for local-level certification of scales, removing the compulsory system of renewing measuring instruments within 30 days of purchase. They also demanded services for industries through a one-door system, a digital border security system, and a law related to loan recovery. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Traders also urged the government to levy less customs duty on the import of raw materials. The government has also been requested to allow the importers to keep their trademarks on the imported goods.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Businessmen have expressed their objection to the problems like police stopping the trucks that have been checked by the customs.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18368', 'image' => '20230803015845_1690948884.aayatitbastumalabel.jpg', 'article_date' => '2023-08-03 13:57:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18638', 'article_category_id' => '1', 'title' => 'Construction of Flyover at Satobato and Ekantakuna yet to Begin', 'sub_title' => '', 'summary' => 'August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Roads had conducted the feasibility study of constructing a 'flyover' each at Satdobato, Ekantakuna and Gwarko Chowk. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Quality, Research and Development Center under the Department of Roads informed New Business Age that the construction could not proceed ahead due to the fact that funds could not be secured for two locations – Satobato and Ekantakuna.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Rabindra Shrestha, engineer of the center, said that even though the feasibility studies for constructing a flyover at Satdobato and Ekantakuna have been completed, the construction is not expected to proceed immediately due to unavailability of funds. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The first phase of construction has been started at Gwarko Chowk. Now, the flyovers have to be built in two places as well,” said Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the department has already sought permission from the Ministry of Finance for the construction of flyovers at these two intersections.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Preliminary studies have been done in both these areas, but detailed studies are yet to be done. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that just like in Gwarko Chowk, the detailed study of the other two flyovers will be done through Engineering Procurement and Construction (EPC) model. He said that when signing contract under this model, the construction company itself will undertake the design.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that the department had asked for budget with the Ministry of Finance to construct flyovers at both the intersections – Ekantakuna and Satdobato. But the proposal was not approved by the ministry and the construction could not take place.</span></span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The budget for the current fiscal year has mentioned that the government will construct 'flyovers' and 'underpasses' at Ekantakuna, Satdobato and Baneshwar and also complete the flyover at Gwarko.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Center is currently studying the feasibility of constructing an 'underpass' in Baneshwar. Shrestha said that the budget will be discussed after the study is completed. He clarified that there is no immediate plan to start construction in Baneshwar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Shrestha, there is a plan to build an underpass at Baneshwar like the one built in Kalanki with the help of the Chinese government.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18367', 'image' => '20230803013843_1690987574.jpg', 'article_date' => '2023-08-03 13:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18637', 'article_category_id' => '1', 'title' => 'Government Agencies Reluctant to Implement Provisions Mentioned in Budget', 'sub_title' => '', 'summary' => 'August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">24)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although Finance Minister Dr Prakash Sharan Mahat had directed the concerned officials to speed up the implementation of the budget, the government agencies are not willing to implement the programmes included in the budget on various pretexts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An example of this is the provision included in the budget that no fee shall be charged for the registration of a new company from the new fiscal year which commenced on July 17. The government had also made an announcement that it would not charge any company for increasing its capital effective from the beginning of the current FY.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The issue of establishing and closing a company through online medium was also included in the policies and programmes of the government after the government was criticized for the complex process of setting up and closing companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There will be no fees or charges for registering new companies and increasing the company's capital," mentions the budget statement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the budget, the provision of opening a company after declaring a minimum authorized capital of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> should be implemented after the implementation of the new budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Finance Minister Mahat had made such announcements while unveiling the budget on May 29, but these provisions have not been implemented yet. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office, which has the authority to implement this provision in the budget, is hesitant to implement these provisions under various pretexts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office admitted that the provisions in the budget have not been implemented yet. Officials say that they cannot implement the provisions mentioned in the budget until a notification is published in the Nepal Gazette.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shekhar Babu Karki, the information officer of the Company Registrar's Office, says that the government has not yet published a notification in the Nepal Gazette in this regard, so the new provisions have not been implemented.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki made it clear the provision in the budget will not be implemented until a notice is published in the Nepal Gazette. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">380</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies registered with the Company Registrar's Office. Last year alone, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies were registered.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18366', 'image' => '20230803124546_1683767264.jpg', 'article_date' => '2023-08-03 12:45:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18636', 'article_category_id' => '1', 'title' => 'Most of the Nepali Migrant Workers Prefer Malaysia for Foreign Employment', 'sub_title' => '', 'summary' => 'August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. According to government data, a total of 771,327 Nepali citizens took work permits for foreign employment in the review year. Among them, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">259,594</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people obtained work permits for Malaysia alone, according to the Department of Foreign Employment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General of the department, Madan Dahal, said that Malaysia might have become the first choice of Nepali workers because it is easier to go and work in Malaysia compared to the Gulf countries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">36</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">644</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people took work permit for Malaysia. At that time, Malaysia had tightened the entry of immigrants due to the spread of Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Recently, it has been learnt that Nepalis have been attracted to Malaysia because the country has increased the wages of the workers. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The minimum wage of workers in Malaysia is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> ringgit (about Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">43,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">) at present. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After Malaysia, Qatar is the second choice among Nepali youths for foreign employment. Last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">133</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">262</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis acquired work permits to go to Qatar for employment, the department said. In the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">184</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">926</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis took work permits for Qatar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General Dahal said that last year, Nepalis took work permits to go to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">144 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">countries across the world. According to him, the number of Nepalis going to European countries besides the Gulf and Malaysia for labor has also increased recently.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18365', 'image' => '20230803115318_foreign emp.jpg', 'article_date' => '2023-08-03 11:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18635', 'article_category_id' => '1', 'title' => 'FNCCI Tells Government to Address the Legitimate Demands of Construction Entrepreneurs', 'sub_title' => '', 'summary' => 'August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the delay in addressing the just demands of this sector, which contributes a lot to the GDP, will not only cause problems in the construction sector but also in the overall economy. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Stating that the delay on part of the government in releasing the amount for the construction works completed by the contractors has had a negative impact on the financial system and the overall economy, the FNCCI urged the government to be sensitive to this issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “The suspension of projects related to development has not only affected the livelihood of the common people but has also limited the capital expenditure of the government while the people have not been able to get facilities," reads a statement issued by the FNCCI on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further said that the capital expenditure was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent last year. “This does not give a positive message at the national and international level.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the economy has gone into recession as the construction, industry and wholesale trade remained negative. According to the FNCCI, banks and financial institutions and manufacturers of construction materials such as cement and rods are also in trouble. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the revenue has decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, while the industries are running at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent capacity, the FNCCI said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In order to solve this problem, the FNCCI has asked the government to address the legitimate demands of the agitating construction entrepreneurs.</span></span> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18364', 'image' => '20230803111722_fcann.jpg', 'article_date' => '2023-08-03 11:15:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18634', 'article_category_id' => '1', 'title' => 'Light to Moderate Rainfall Likely Today, MFD Predicts Heavy Rainfall in a Few Places', 'sub_title' => '', 'summary' => 'August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Meteorological Forecasting Division has forecast today’s will partly to generally cloudy throughout the country while light to moderate rain is possible at some places of Koshi Province, Bagmati Province, Gandaki Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Heavy rainfall with thunder and lightning has been predicted at one or two places of Bagmati Province and Gandaki Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the weather will be partly to generally cloudy throughout the country tonight. Light to moderate rain is likely to occur at a few places of Koshi Province, Bagmati Province, Gandaki Province, Lumbini Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are chances of heavy rain with thunder and lightning at one or two places of Gandaki Province.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18363', 'image' => '20230803101741_rain.jpeg', 'article_date' => '2023-08-03 10:16:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18633', 'article_category_id' => '1', 'title' => 'Sonapur Minerals Receives SEBON’s Approval to Issue IPO at Premium Price', 'sub_title' => '', 'summary' => 'The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 3: The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Upon receiving approval, the company will issue a total of 12,300,200 IPO shares for the general public, Nepalis on foreign employment and locals.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company will issue IPO to the locals and its employees at Rs 225(adding a premium of Rs 125 at the face value of Rs 100). IPO will be issued to general public and Nepali migrant workers on foreign employment at Rs 237.58(adding a premium of Rs 137.58 to the face value of Rs 100).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIMBL Capital will be the sales manager.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, the company will issue IPO shares to locals and Nepalis on foregin employment. IPO will be issued for the general public in the second phase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18362', 'image' => '20230803055525_collage (7).jpg', 'article_date' => '2023-08-03 05:53:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18632', 'article_category_id' => '1', 'title' => 'Sudurpaschim Province Reports Over 1,600 Dengue Cases Since 2022', 'sub_title' => '', 'summary' => ' Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 2: Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022. The Health Directorate of Sudurpaschim Province disclosed that a total of 1,614 individuals have been confirmed to have contracted dengue in the province since 2022.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In the year 2023, the province has recorded 325 cases with no reported fatalities, according to Hemraj Joshi, the focal person for vector-borne diseases at the Directorate.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the confirmed cases, Darchula leads with 119 cases, followed by 57 in Kanchanpur, 31 in Achham, 24 in Kailali, six in Bajhang, five each in Baitadi and Doti, four in Bajura, and two in Dadeldhura. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The dengue, which was previously concentrated in Terai districts, has now extended to hilly regions as well due to rising temperatures prompting mosquitoes to ascend.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Common symptoms of dengue include high fever, headaches, eye pain, backache, joint and leg discomfort. In severe cases, patients may exhibit fatigue, bleeding, vomiting, breathing problems, intense abdominal pain, and swelling in the abdomen and legs, the Directorate highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The risk of dengue remains heightened during the summer and monsoon seasons, persisting until mid-October. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18361', 'image' => '20230802065218_collage (10).jpg', 'article_date' => '2023-08-02 18:51:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18631', 'article_category_id' => '1', 'title' => 'WorldLink Communications Earns Profit of Over Rs 23 Billion in Three Years ', 'sub_title' => '', 'summary' => 'The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">August 2: The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> According to credit ratings by CARE Ratings Nepal, the company has earned a net operating profit of 23.89 billion rupees in the three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per CARE Ratings, the company made an operating profit of 6.54 billion rupees in the fiscal year year 2020, 7.95 billion rupees in the year 2021, and 9.39 billion rupees in the fiscal year 2022.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">In the fiscal year 2022, the company earned 42 percent revenue from individual customers in ISP services and 7% from corporate customers in ISP services.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">WorldLink secured foreign investment of Rs 1.08 billion from British International Investment and 900 million rupees from Dolma Impact Fund in March. The company's foreign investment has accumulated to a total of 3.33 billion rupees.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company has been rated for a long-term loan of Rs 2.18 billion and a short-term loan of Rs 3.01 billion. CARE Ratings has assigned an A rating for the long-term loan and an A2+ rating for the short-term loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to CARE Ratings, WorldLink holds a 29% market share in Nepal's internet market and a 30% market share in the fiber internet market. The company serves 772,000 customers in over 70 districts as of April and has 88 branch offices throughout the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Dilip Agrawal is the Chairman of the company, and Manoj Kumar Agrawal and Vijay Kumar Jalan serve as Executive Directors.</span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18360', 'image' => '20230802051133_collage (7).jpg', 'article_date' => '2023-08-02 17:10:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18630', 'article_category_id' => '1', 'title' => 'Incidents of Crime Skyrocketing in the Capital: Nepal Police ', 'sub_title' => '', 'summary' => 'August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year, 2022/23, a total of 56,319 incidents of crime took place as compared to 46,902 in the FY, 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 56,319 incidents of crime of various nature registered in the FY 2022/23, over 23,000 are yet to be settled, said the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of incidents of crime increased in the FY 2022/23 compared to the FY 2021/22, said Deputy Inspector General of Police Kuber Kadayat, also the central spokesperson for the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FY 2022/23, the highest incidents of crime took place in the Kathmandu Valley (16,627 cases) followed by 9,844 in Madhes Province and 8,720 in Koshi Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Bagmati Province recorded 4,679 incidents of crime, Gandaki Province 4,177, Lumbini Province 6,997, Karnali Province 1,729, and Sudurpaschim Province 3,503. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Forty three incidents of crime have been registered with the Central Investigation Bureau. Banking offences and cybercrimes are found to have increased in the recent period, said DIG Kadayat. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18359', 'image' => '20230802041704_blank - Copy.jpg', 'article_date' => '2023-08-02 16:12:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18629', 'article_category_id' => '1', 'title' => 'Construction Works Come to a Grinding Halt', 'sub_title' => '', 'summary' => 'August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects completed.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects that have been already completed. They also complained the project deadline was not extended and the price was not adjusted and therefore they have also stopped work on the site.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">At present, the on-site work is halted due to off-season for infrastructure construction and the government’s failure in meeting the demand of the construction entrepreneurs. The Federation of Contractors’ Association of Nepal (FCAN), which has been holding protests and sit-ins at various public institutions, continued its protest on Tuesday as well.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On Tuesday, contractors demonstrated near the prime minister's official residence in Baluwatar with construction equipment and placards. Ravi Singh, president of FCAN, says that the protest will continue until the demands are addressed. Complaining about having to wait for months to get the payment for the work done, he said that there will be no working environment until the payment is done and price adjustment made.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">"Now, the construction at the site has stopped. There is a program of protest until Friday,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">FCAN has put forward the demand that the provision of construction work by the consumer committee should be abolished and that the public procurement act and rules related to infrastructure should be business-friendly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On the other hand, in the meeting of the Infrastructure Development Committee under the House of Representatives held on Tuesday, Physical Infrastructure and Transport Minister Prakash Jwala indicated that he cannot extend the deadline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">In this regard, Jwala said, "It is not appropriate to add the deadlines of all the projects randomly. It is also not right to extend the deadline of those who do not work. The deadline is extended based on the progress and situation, but the builders are not satisfied. What is the meaning of extending the deadline for projects in which no work has been done and there is no budget? A separate solution should be sought for such projects. An extension of the deadline has been ordered based on progress. We are serious about payment.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Answering the questions raised by the parliamentarians, he said that the construction workers are still in the movement and the main issue is payment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18358', 'image' => '20230802025201_20220418055544_fcan-building.jpg', 'article_date' => '2023-08-02 14:51:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18628', 'article_category_id' => '1', 'title' => 'Arrival of Chinese Tourists on the Rise', 'sub_title' => '', 'summary' => 'August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise. Before the outbreak, Chinese tourists accounted for 10 to 15 percent of the total tourists visiting Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">But the arrival of Chinese tourists came to a complete halt after the outbreak.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The Nepal Tourism Board (NTB) said that the arrival of Chinese tourists has started to increase since last month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Maniraj Lamichhane, director of NTB, 5,693 Chinese tourists entered Nepal in July, which is 9.9 percent of the total tourists visiting Nepal. In July 2022, the number of Chinese tourists visiting Nepal stood at 1,593. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the board, 534,207 foreign tourists have entered in seven months of 2023. In the month of July alone, the number of tourists entering Nepal by air increased by 29.8 percent. In July this year, 57,726 foreign tourists entered Nepal, while in 7 months of 2022, a total of 44,462 foreign tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After the Chinese government included Nepal in the list of countries that its citizens can visit, the number of Chinese tourists started to increase. Nepal was included in the list published by the Chinese Ministry of Culture and Tourism on March 15.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Chinese Dragon Boat Race Festival was organized in Pokhara last month, for which an international chartered flight from Chhendu, China to Pokhara International Airport was operated for the first time. NTB mentioned that the arrival of Chinese tourists is gradually increasing due to the ease in restriction on flights and the opening of borders by the Chinese government.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18357', 'image' => '20230802022137_20230611044301_6.jpg', 'article_date' => '2023-08-02 14:20:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18627', 'article_category_id' => '1', 'title' => 'Government to Raise Internal Debts of Rs 240 Billion this Year', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank has published the schedule for collection of internal debt collection from August 3.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government had announced through the budget to raise internal debt of Rs 240 billion this year. Accordingly, the central bank has prepared a schedule to collect Rs 179 billion by issuing development bonds, Rs 55 billion from treasury bills, Rs 5 billion from citizen savings bonds and Rs 1 billion from foreign employment savings bonds.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the schedule, Rs 55 billion each will be raised in the first and second quarters, Rs 53 billion in the third quarter and Rs 77 billion in the fourth quarter of the current FY. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Currently, there is plenty of liquidity in the banks and the interest rate is low, so the interest rate of the government's internal debt will be cheaper. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The interest rate of the treasury bills, which exceeded 12 percent last year, is around 6 percent this year. Nepal Rastra Bank plans to raise Rs 55 billion from treasury bills in the first quarter, Rs 10 billion in the second quarter, Rs 15 billion in the third quarter and Rs 5 billion in the fourth quarter. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Development bonds worth Rs 50 billion will be issued in the first quarter, Rs 45 billion in the second, Rs 35 billion in the third and Rs 49 billion in the fourth. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Rs 5 billion will be collected from citizens' savings bonds in the third and fourth quarters. The Central Bank is also planning to issue foreign employment savings bonds worth Rs 500 million each in the third and fourth quarters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the Public Debt Management Office, Nepal’s public debt is Rs 2221 billion as of as of last year, including Rs 1128 billion in internal debt and Rs 1093 billion external loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18356', 'image' => '20230802110303_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-08-02 11:02:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18641', 'article_category_id' => '1', 'title' => 'Boost Supply System without Price Hike: Minister Rijal ', 'sub_title' => '', 'summary' => 'August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price hike. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized at the Ministry on Wednesday, Minister Rijal said he would extend full support and cooperation to solve the problems faced by the supply system in the country. All sides concerned can play significant role to make supply chain smooth and effective, he said, adding that the ministry would facilitate the supply of essential goods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by commerce secretary along with the secretary at the Ministry of Agriculture and Livestock Development, officials from different ministries and chiefs of public bodies related to supply. It was also attended by the representatives of the business sectors including FNCCI, and CNI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Commerce Secretary Madhu Kumar Marasini said both public and private sectors could work together for smooth supply of goods in view of the upcoming festive season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that government would beef up market monitoring and discuss how the solve problems after India adopted a policy to ban rice supply to Nepal. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18370', 'image' => '20230803020040_20201012023113_1602458957.Clipboard15.jpg', 'article_date' => '2023-08-03 14:00:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18640', 'article_category_id' => '1', 'title' => 'Health Ministry Orders Hospitals to Run their Own Pharmacies within One Month ', 'sub_title' => '', 'summary' => 'August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a circular in the name of government, private, non-government and community institutes and medical colleges, the ministry warned of taking action against such health institutes and hospitals that do not have their own pharmacies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The health institutions and hospitals not operating pharmacies on their own on the hospital premises should complete necessary process to run the pharmacies within a month from the date of the issuance of this circular. Action will be taken against such health institutions and hospitals if they do not comply with the order," reads the circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the ministry also instructed the hospitals and health institutions having their own pharmacies to ensure that all medicines and related goods re available for the patients round the clock. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Drug Manager of the Ministry, Usha Tandukar, said it is necessary to ensure that patients and their attendants get medicine at any time in hospitals. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18369', 'image' => '20230803015942_hospitalll.jpg', 'article_date' => '2023-08-03 13:59:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18639', 'article_category_id' => '1', 'title' => 'Industrialists Submit 35-Point Memo to Government', 'sub_title' => '', 'summary' => 'August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. Traders have been protesting since the government made importer and seller labels mandatory on imported goods from the beginning of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The office bearers and members of the Trade Committee of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) made such requests to Minister for Industry, Commerce and Supplies Ramesh Rijal on Tuesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Subodh Kumar Gupta, chairman of the committee, informed New Business Age that they submitted a 35-point suggestion letter to the government requesting for business facilitation, which is currently problematic from all sides.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The importers claim that the arrangement of labels has created an atmosphere of confusion and discomfort among businessmen and this has affected the overall business. They said that the government is making a procedure, so they demanded a postponement of labeling until this arrangement is made.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The businessmen demanded that the private sector should also participate in such a team to make the monitoring done by the local monitoring committee transparent and effective. Gupta said that the employees engaged in monitoring should be aware of the nature and process of the items to be monitored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">They also demand that the VCTS implemented by the Revenue Investigation Department should be penalty-free. The entrepreneurs have demanded that all kinds of taxes levied by the government on transportation should be removed, the available tools should be used to stabilize bank interest rates, and export subsidies should be made available.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Industrialists and traders have also demanded that there should be a system for local-level certification of scales, removing the compulsory system of renewing measuring instruments within 30 days of purchase. They also demanded services for industries through a one-door system, a digital border security system, and a law related to loan recovery. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Traders also urged the government to levy less customs duty on the import of raw materials. The government has also been requested to allow the importers to keep their trademarks on the imported goods.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Businessmen have expressed their objection to the problems like police stopping the trucks that have been checked by the customs.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18368', 'image' => '20230803015845_1690948884.aayatitbastumalabel.jpg', 'article_date' => '2023-08-03 13:57:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18638', 'article_category_id' => '1', 'title' => 'Construction of Flyover at Satobato and Ekantakuna yet to Begin', 'sub_title' => '', 'summary' => 'August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Roads had conducted the feasibility study of constructing a 'flyover' each at Satdobato, Ekantakuna and Gwarko Chowk. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Quality, Research and Development Center under the Department of Roads informed New Business Age that the construction could not proceed ahead due to the fact that funds could not be secured for two locations – Satobato and Ekantakuna.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Rabindra Shrestha, engineer of the center, said that even though the feasibility studies for constructing a flyover at Satdobato and Ekantakuna have been completed, the construction is not expected to proceed immediately due to unavailability of funds. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The first phase of construction has been started at Gwarko Chowk. Now, the flyovers have to be built in two places as well,” said Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the department has already sought permission from the Ministry of Finance for the construction of flyovers at these two intersections.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Preliminary studies have been done in both these areas, but detailed studies are yet to be done. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that just like in Gwarko Chowk, the detailed study of the other two flyovers will be done through Engineering Procurement and Construction (EPC) model. He said that when signing contract under this model, the construction company itself will undertake the design.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that the department had asked for budget with the Ministry of Finance to construct flyovers at both the intersections – Ekantakuna and Satdobato. But the proposal was not approved by the ministry and the construction could not take place.</span></span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The budget for the current fiscal year has mentioned that the government will construct 'flyovers' and 'underpasses' at Ekantakuna, Satdobato and Baneshwar and also complete the flyover at Gwarko.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Center is currently studying the feasibility of constructing an 'underpass' in Baneshwar. Shrestha said that the budget will be discussed after the study is completed. He clarified that there is no immediate plan to start construction in Baneshwar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Shrestha, there is a plan to build an underpass at Baneshwar like the one built in Kalanki with the help of the Chinese government.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18367', 'image' => '20230803013843_1690987574.jpg', 'article_date' => '2023-08-03 13:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18637', 'article_category_id' => '1', 'title' => 'Government Agencies Reluctant to Implement Provisions Mentioned in Budget', 'sub_title' => '', 'summary' => 'August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">24)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although Finance Minister Dr Prakash Sharan Mahat had directed the concerned officials to speed up the implementation of the budget, the government agencies are not willing to implement the programmes included in the budget on various pretexts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An example of this is the provision included in the budget that no fee shall be charged for the registration of a new company from the new fiscal year which commenced on July 17. The government had also made an announcement that it would not charge any company for increasing its capital effective from the beginning of the current FY.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The issue of establishing and closing a company through online medium was also included in the policies and programmes of the government after the government was criticized for the complex process of setting up and closing companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There will be no fees or charges for registering new companies and increasing the company's capital," mentions the budget statement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the budget, the provision of opening a company after declaring a minimum authorized capital of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> should be implemented after the implementation of the new budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Finance Minister Mahat had made such announcements while unveiling the budget on May 29, but these provisions have not been implemented yet. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office, which has the authority to implement this provision in the budget, is hesitant to implement these provisions under various pretexts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office admitted that the provisions in the budget have not been implemented yet. Officials say that they cannot implement the provisions mentioned in the budget until a notification is published in the Nepal Gazette.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shekhar Babu Karki, the information officer of the Company Registrar's Office, says that the government has not yet published a notification in the Nepal Gazette in this regard, so the new provisions have not been implemented.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki made it clear the provision in the budget will not be implemented until a notice is published in the Nepal Gazette. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">380</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies registered with the Company Registrar's Office. Last year alone, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies were registered.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18366', 'image' => '20230803124546_1683767264.jpg', 'article_date' => '2023-08-03 12:45:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18636', 'article_category_id' => '1', 'title' => 'Most of the Nepali Migrant Workers Prefer Malaysia for Foreign Employment', 'sub_title' => '', 'summary' => 'August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. According to government data, a total of 771,327 Nepali citizens took work permits for foreign employment in the review year. Among them, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">259,594</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people obtained work permits for Malaysia alone, according to the Department of Foreign Employment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General of the department, Madan Dahal, said that Malaysia might have become the first choice of Nepali workers because it is easier to go and work in Malaysia compared to the Gulf countries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">36</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">644</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people took work permit for Malaysia. At that time, Malaysia had tightened the entry of immigrants due to the spread of Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Recently, it has been learnt that Nepalis have been attracted to Malaysia because the country has increased the wages of the workers. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The minimum wage of workers in Malaysia is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> ringgit (about Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">43,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">) at present. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After Malaysia, Qatar is the second choice among Nepali youths for foreign employment. Last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">133</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">262</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis acquired work permits to go to Qatar for employment, the department said. In the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">184</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">926</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis took work permits for Qatar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General Dahal said that last year, Nepalis took work permits to go to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">144 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">countries across the world. According to him, the number of Nepalis going to European countries besides the Gulf and Malaysia for labor has also increased recently.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18365', 'image' => '20230803115318_foreign emp.jpg', 'article_date' => '2023-08-03 11:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18635', 'article_category_id' => '1', 'title' => 'FNCCI Tells Government to Address the Legitimate Demands of Construction Entrepreneurs', 'sub_title' => '', 'summary' => 'August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the delay in addressing the just demands of this sector, which contributes a lot to the GDP, will not only cause problems in the construction sector but also in the overall economy. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Stating that the delay on part of the government in releasing the amount for the construction works completed by the contractors has had a negative impact on the financial system and the overall economy, the FNCCI urged the government to be sensitive to this issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “The suspension of projects related to development has not only affected the livelihood of the common people but has also limited the capital expenditure of the government while the people have not been able to get facilities," reads a statement issued by the FNCCI on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further said that the capital expenditure was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent last year. “This does not give a positive message at the national and international level.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the economy has gone into recession as the construction, industry and wholesale trade remained negative. According to the FNCCI, banks and financial institutions and manufacturers of construction materials such as cement and rods are also in trouble. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the revenue has decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, while the industries are running at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent capacity, the FNCCI said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In order to solve this problem, the FNCCI has asked the government to address the legitimate demands of the agitating construction entrepreneurs.</span></span> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18364', 'image' => '20230803111722_fcann.jpg', 'article_date' => '2023-08-03 11:15:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18634', 'article_category_id' => '1', 'title' => 'Light to Moderate Rainfall Likely Today, MFD Predicts Heavy Rainfall in a Few Places', 'sub_title' => '', 'summary' => 'August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Meteorological Forecasting Division has forecast today’s will partly to generally cloudy throughout the country while light to moderate rain is possible at some places of Koshi Province, Bagmati Province, Gandaki Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Heavy rainfall with thunder and lightning has been predicted at one or two places of Bagmati Province and Gandaki Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the weather will be partly to generally cloudy throughout the country tonight. Light to moderate rain is likely to occur at a few places of Koshi Province, Bagmati Province, Gandaki Province, Lumbini Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are chances of heavy rain with thunder and lightning at one or two places of Gandaki Province.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18363', 'image' => '20230803101741_rain.jpeg', 'article_date' => '2023-08-03 10:16:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18633', 'article_category_id' => '1', 'title' => 'Sonapur Minerals Receives SEBON’s Approval to Issue IPO at Premium Price', 'sub_title' => '', 'summary' => 'The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 3: The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Upon receiving approval, the company will issue a total of 12,300,200 IPO shares for the general public, Nepalis on foreign employment and locals.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company will issue IPO to the locals and its employees at Rs 225(adding a premium of Rs 125 at the face value of Rs 100). IPO will be issued to general public and Nepali migrant workers on foreign employment at Rs 237.58(adding a premium of Rs 137.58 to the face value of Rs 100).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIMBL Capital will be the sales manager.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, the company will issue IPO shares to locals and Nepalis on foregin employment. IPO will be issued for the general public in the second phase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18362', 'image' => '20230803055525_collage (7).jpg', 'article_date' => '2023-08-03 05:53:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18632', 'article_category_id' => '1', 'title' => 'Sudurpaschim Province Reports Over 1,600 Dengue Cases Since 2022', 'sub_title' => '', 'summary' => ' Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 2: Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022. The Health Directorate of Sudurpaschim Province disclosed that a total of 1,614 individuals have been confirmed to have contracted dengue in the province since 2022.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In the year 2023, the province has recorded 325 cases with no reported fatalities, according to Hemraj Joshi, the focal person for vector-borne diseases at the Directorate.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the confirmed cases, Darchula leads with 119 cases, followed by 57 in Kanchanpur, 31 in Achham, 24 in Kailali, six in Bajhang, five each in Baitadi and Doti, four in Bajura, and two in Dadeldhura. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The dengue, which was previously concentrated in Terai districts, has now extended to hilly regions as well due to rising temperatures prompting mosquitoes to ascend.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Common symptoms of dengue include high fever, headaches, eye pain, backache, joint and leg discomfort. In severe cases, patients may exhibit fatigue, bleeding, vomiting, breathing problems, intense abdominal pain, and swelling in the abdomen and legs, the Directorate highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The risk of dengue remains heightened during the summer and monsoon seasons, persisting until mid-October. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18361', 'image' => '20230802065218_collage (10).jpg', 'article_date' => '2023-08-02 18:51:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18631', 'article_category_id' => '1', 'title' => 'WorldLink Communications Earns Profit of Over Rs 23 Billion in Three Years ', 'sub_title' => '', 'summary' => 'The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">August 2: The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> According to credit ratings by CARE Ratings Nepal, the company has earned a net operating profit of 23.89 billion rupees in the three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per CARE Ratings, the company made an operating profit of 6.54 billion rupees in the fiscal year year 2020, 7.95 billion rupees in the year 2021, and 9.39 billion rupees in the fiscal year 2022.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">In the fiscal year 2022, the company earned 42 percent revenue from individual customers in ISP services and 7% from corporate customers in ISP services.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">WorldLink secured foreign investment of Rs 1.08 billion from British International Investment and 900 million rupees from Dolma Impact Fund in March. The company's foreign investment has accumulated to a total of 3.33 billion rupees.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company has been rated for a long-term loan of Rs 2.18 billion and a short-term loan of Rs 3.01 billion. CARE Ratings has assigned an A rating for the long-term loan and an A2+ rating for the short-term loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to CARE Ratings, WorldLink holds a 29% market share in Nepal's internet market and a 30% market share in the fiber internet market. The company serves 772,000 customers in over 70 districts as of April and has 88 branch offices throughout the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Dilip Agrawal is the Chairman of the company, and Manoj Kumar Agrawal and Vijay Kumar Jalan serve as Executive Directors.</span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18360', 'image' => '20230802051133_collage (7).jpg', 'article_date' => '2023-08-02 17:10:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18630', 'article_category_id' => '1', 'title' => 'Incidents of Crime Skyrocketing in the Capital: Nepal Police ', 'sub_title' => '', 'summary' => 'August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year, 2022/23, a total of 56,319 incidents of crime took place as compared to 46,902 in the FY, 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 56,319 incidents of crime of various nature registered in the FY 2022/23, over 23,000 are yet to be settled, said the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of incidents of crime increased in the FY 2022/23 compared to the FY 2021/22, said Deputy Inspector General of Police Kuber Kadayat, also the central spokesperson for the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FY 2022/23, the highest incidents of crime took place in the Kathmandu Valley (16,627 cases) followed by 9,844 in Madhes Province and 8,720 in Koshi Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Bagmati Province recorded 4,679 incidents of crime, Gandaki Province 4,177, Lumbini Province 6,997, Karnali Province 1,729, and Sudurpaschim Province 3,503. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Forty three incidents of crime have been registered with the Central Investigation Bureau. Banking offences and cybercrimes are found to have increased in the recent period, said DIG Kadayat. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18359', 'image' => '20230802041704_blank - Copy.jpg', 'article_date' => '2023-08-02 16:12:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18629', 'article_category_id' => '1', 'title' => 'Construction Works Come to a Grinding Halt', 'sub_title' => '', 'summary' => 'August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects completed.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects that have been already completed. They also complained the project deadline was not extended and the price was not adjusted and therefore they have also stopped work on the site.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">At present, the on-site work is halted due to off-season for infrastructure construction and the government’s failure in meeting the demand of the construction entrepreneurs. The Federation of Contractors’ Association of Nepal (FCAN), which has been holding protests and sit-ins at various public institutions, continued its protest on Tuesday as well.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On Tuesday, contractors demonstrated near the prime minister's official residence in Baluwatar with construction equipment and placards. Ravi Singh, president of FCAN, says that the protest will continue until the demands are addressed. Complaining about having to wait for months to get the payment for the work done, he said that there will be no working environment until the payment is done and price adjustment made.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">"Now, the construction at the site has stopped. There is a program of protest until Friday,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">FCAN has put forward the demand that the provision of construction work by the consumer committee should be abolished and that the public procurement act and rules related to infrastructure should be business-friendly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On the other hand, in the meeting of the Infrastructure Development Committee under the House of Representatives held on Tuesday, Physical Infrastructure and Transport Minister Prakash Jwala indicated that he cannot extend the deadline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">In this regard, Jwala said, "It is not appropriate to add the deadlines of all the projects randomly. It is also not right to extend the deadline of those who do not work. The deadline is extended based on the progress and situation, but the builders are not satisfied. What is the meaning of extending the deadline for projects in which no work has been done and there is no budget? A separate solution should be sought for such projects. An extension of the deadline has been ordered based on progress. We are serious about payment.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Answering the questions raised by the parliamentarians, he said that the construction workers are still in the movement and the main issue is payment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18358', 'image' => '20230802025201_20220418055544_fcan-building.jpg', 'article_date' => '2023-08-02 14:51:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18628', 'article_category_id' => '1', 'title' => 'Arrival of Chinese Tourists on the Rise', 'sub_title' => '', 'summary' => 'August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise. Before the outbreak, Chinese tourists accounted for 10 to 15 percent of the total tourists visiting Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">But the arrival of Chinese tourists came to a complete halt after the outbreak.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The Nepal Tourism Board (NTB) said that the arrival of Chinese tourists has started to increase since last month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Maniraj Lamichhane, director of NTB, 5,693 Chinese tourists entered Nepal in July, which is 9.9 percent of the total tourists visiting Nepal. In July 2022, the number of Chinese tourists visiting Nepal stood at 1,593. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the board, 534,207 foreign tourists have entered in seven months of 2023. In the month of July alone, the number of tourists entering Nepal by air increased by 29.8 percent. In July this year, 57,726 foreign tourists entered Nepal, while in 7 months of 2022, a total of 44,462 foreign tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After the Chinese government included Nepal in the list of countries that its citizens can visit, the number of Chinese tourists started to increase. Nepal was included in the list published by the Chinese Ministry of Culture and Tourism on March 15.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Chinese Dragon Boat Race Festival was organized in Pokhara last month, for which an international chartered flight from Chhendu, China to Pokhara International Airport was operated for the first time. NTB mentioned that the arrival of Chinese tourists is gradually increasing due to the ease in restriction on flights and the opening of borders by the Chinese government.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18357', 'image' => '20230802022137_20230611044301_6.jpg', 'article_date' => '2023-08-02 14:20:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18627', 'article_category_id' => '1', 'title' => 'Government to Raise Internal Debts of Rs 240 Billion this Year', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank has published the schedule for collection of internal debt collection from August 3.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government had announced through the budget to raise internal debt of Rs 240 billion this year. Accordingly, the central bank has prepared a schedule to collect Rs 179 billion by issuing development bonds, Rs 55 billion from treasury bills, Rs 5 billion from citizen savings bonds and Rs 1 billion from foreign employment savings bonds.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the schedule, Rs 55 billion each will be raised in the first and second quarters, Rs 53 billion in the third quarter and Rs 77 billion in the fourth quarter of the current FY. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Currently, there is plenty of liquidity in the banks and the interest rate is low, so the interest rate of the government's internal debt will be cheaper. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The interest rate of the treasury bills, which exceeded 12 percent last year, is around 6 percent this year. Nepal Rastra Bank plans to raise Rs 55 billion from treasury bills in the first quarter, Rs 10 billion in the second quarter, Rs 15 billion in the third quarter and Rs 5 billion in the fourth quarter. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Development bonds worth Rs 50 billion will be issued in the first quarter, Rs 45 billion in the second, Rs 35 billion in the third and Rs 49 billion in the fourth. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Rs 5 billion will be collected from citizens' savings bonds in the third and fourth quarters. The Central Bank is also planning to issue foreign employment savings bonds worth Rs 500 million each in the third and fourth quarters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the Public Debt Management Office, Nepal’s public debt is Rs 2221 billion as of as of last year, including Rs 1128 billion in internal debt and Rs 1093 billion external loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18356', 'image' => '20230802110303_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-08-02 11:02:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized at the Ministry on Wednesday, Minister Rijal said he would extend full support and cooperation to solve the problems faced by the supply system in the country. All sides concerned can play significant role to make supply chain smooth and effective, he said, adding that the ministry would facilitate the supply of essential goods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by commerce secretary along with the secretary at the Ministry of Agriculture and Livestock Development, officials from different ministries and chiefs of public bodies related to supply. It was also attended by the representatives of the business sectors including FNCCI, and CNI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Commerce Secretary Madhu Kumar Marasini said both public and private sectors could work together for smooth supply of goods in view of the upcoming festive season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that government would beef up market monitoring and discuss how the solve problems after India adopted a policy to ban rice supply to Nepal. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18370', 'image' => '20230803020040_20201012023113_1602458957.Clipboard15.jpg', 'article_date' => '2023-08-03 14:00:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18640', 'article_category_id' => '1', 'title' => 'Health Ministry Orders Hospitals to Run their Own Pharmacies within One Month ', 'sub_title' => '', 'summary' => 'August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a circular in the name of government, private, non-government and community institutes and medical colleges, the ministry warned of taking action against such health institutes and hospitals that do not have their own pharmacies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The health institutions and hospitals not operating pharmacies on their own on the hospital premises should complete necessary process to run the pharmacies within a month from the date of the issuance of this circular. Action will be taken against such health institutions and hospitals if they do not comply with the order," reads the circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the ministry also instructed the hospitals and health institutions having their own pharmacies to ensure that all medicines and related goods re available for the patients round the clock. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Drug Manager of the Ministry, Usha Tandukar, said it is necessary to ensure that patients and their attendants get medicine at any time in hospitals. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18369', 'image' => '20230803015942_hospitalll.jpg', 'article_date' => '2023-08-03 13:59:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18639', 'article_category_id' => '1', 'title' => 'Industrialists Submit 35-Point Memo to Government', 'sub_title' => '', 'summary' => 'August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. Traders have been protesting since the government made importer and seller labels mandatory on imported goods from the beginning of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The office bearers and members of the Trade Committee of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) made such requests to Minister for Industry, Commerce and Supplies Ramesh Rijal on Tuesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Subodh Kumar Gupta, chairman of the committee, informed New Business Age that they submitted a 35-point suggestion letter to the government requesting for business facilitation, which is currently problematic from all sides.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The importers claim that the arrangement of labels has created an atmosphere of confusion and discomfort among businessmen and this has affected the overall business. They said that the government is making a procedure, so they demanded a postponement of labeling until this arrangement is made.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The businessmen demanded that the private sector should also participate in such a team to make the monitoring done by the local monitoring committee transparent and effective. Gupta said that the employees engaged in monitoring should be aware of the nature and process of the items to be monitored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">They also demand that the VCTS implemented by the Revenue Investigation Department should be penalty-free. The entrepreneurs have demanded that all kinds of taxes levied by the government on transportation should be removed, the available tools should be used to stabilize bank interest rates, and export subsidies should be made available.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Industrialists and traders have also demanded that there should be a system for local-level certification of scales, removing the compulsory system of renewing measuring instruments within 30 days of purchase. They also demanded services for industries through a one-door system, a digital border security system, and a law related to loan recovery. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Traders also urged the government to levy less customs duty on the import of raw materials. The government has also been requested to allow the importers to keep their trademarks on the imported goods.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Businessmen have expressed their objection to the problems like police stopping the trucks that have been checked by the customs.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18368', 'image' => '20230803015845_1690948884.aayatitbastumalabel.jpg', 'article_date' => '2023-08-03 13:57:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18638', 'article_category_id' => '1', 'title' => 'Construction of Flyover at Satobato and Ekantakuna yet to Begin', 'sub_title' => '', 'summary' => 'August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Roads had conducted the feasibility study of constructing a 'flyover' each at Satdobato, Ekantakuna and Gwarko Chowk. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Quality, Research and Development Center under the Department of Roads informed New Business Age that the construction could not proceed ahead due to the fact that funds could not be secured for two locations – Satobato and Ekantakuna.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Rabindra Shrestha, engineer of the center, said that even though the feasibility studies for constructing a flyover at Satdobato and Ekantakuna have been completed, the construction is not expected to proceed immediately due to unavailability of funds. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The first phase of construction has been started at Gwarko Chowk. Now, the flyovers have to be built in two places as well,” said Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the department has already sought permission from the Ministry of Finance for the construction of flyovers at these two intersections.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Preliminary studies have been done in both these areas, but detailed studies are yet to be done. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that just like in Gwarko Chowk, the detailed study of the other two flyovers will be done through Engineering Procurement and Construction (EPC) model. He said that when signing contract under this model, the construction company itself will undertake the design.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that the department had asked for budget with the Ministry of Finance to construct flyovers at both the intersections – Ekantakuna and Satdobato. But the proposal was not approved by the ministry and the construction could not take place.</span></span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The budget for the current fiscal year has mentioned that the government will construct 'flyovers' and 'underpasses' at Ekantakuna, Satdobato and Baneshwar and also complete the flyover at Gwarko.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Center is currently studying the feasibility of constructing an 'underpass' in Baneshwar. Shrestha said that the budget will be discussed after the study is completed. He clarified that there is no immediate plan to start construction in Baneshwar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Shrestha, there is a plan to build an underpass at Baneshwar like the one built in Kalanki with the help of the Chinese government.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18367', 'image' => '20230803013843_1690987574.jpg', 'article_date' => '2023-08-03 13:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18637', 'article_category_id' => '1', 'title' => 'Government Agencies Reluctant to Implement Provisions Mentioned in Budget', 'sub_title' => '', 'summary' => 'August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">24)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although Finance Minister Dr Prakash Sharan Mahat had directed the concerned officials to speed up the implementation of the budget, the government agencies are not willing to implement the programmes included in the budget on various pretexts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An example of this is the provision included in the budget that no fee shall be charged for the registration of a new company from the new fiscal year which commenced on July 17. The government had also made an announcement that it would not charge any company for increasing its capital effective from the beginning of the current FY.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The issue of establishing and closing a company through online medium was also included in the policies and programmes of the government after the government was criticized for the complex process of setting up and closing companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There will be no fees or charges for registering new companies and increasing the company's capital," mentions the budget statement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the budget, the provision of opening a company after declaring a minimum authorized capital of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> should be implemented after the implementation of the new budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Finance Minister Mahat had made such announcements while unveiling the budget on May 29, but these provisions have not been implemented yet. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office, which has the authority to implement this provision in the budget, is hesitant to implement these provisions under various pretexts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office admitted that the provisions in the budget have not been implemented yet. Officials say that they cannot implement the provisions mentioned in the budget until a notification is published in the Nepal Gazette.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shekhar Babu Karki, the information officer of the Company Registrar's Office, says that the government has not yet published a notification in the Nepal Gazette in this regard, so the new provisions have not been implemented.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki made it clear the provision in the budget will not be implemented until a notice is published in the Nepal Gazette. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">380</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies registered with the Company Registrar's Office. Last year alone, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies were registered.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18366', 'image' => '20230803124546_1683767264.jpg', 'article_date' => '2023-08-03 12:45:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18636', 'article_category_id' => '1', 'title' => 'Most of the Nepali Migrant Workers Prefer Malaysia for Foreign Employment', 'sub_title' => '', 'summary' => 'August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. According to government data, a total of 771,327 Nepali citizens took work permits for foreign employment in the review year. Among them, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">259,594</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people obtained work permits for Malaysia alone, according to the Department of Foreign Employment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General of the department, Madan Dahal, said that Malaysia might have become the first choice of Nepali workers because it is easier to go and work in Malaysia compared to the Gulf countries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">36</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">644</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people took work permit for Malaysia. At that time, Malaysia had tightened the entry of immigrants due to the spread of Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Recently, it has been learnt that Nepalis have been attracted to Malaysia because the country has increased the wages of the workers. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The minimum wage of workers in Malaysia is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> ringgit (about Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">43,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">) at present. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After Malaysia, Qatar is the second choice among Nepali youths for foreign employment. Last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">133</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">262</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis acquired work permits to go to Qatar for employment, the department said. In the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">184</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">926</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis took work permits for Qatar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General Dahal said that last year, Nepalis took work permits to go to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">144 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">countries across the world. According to him, the number of Nepalis going to European countries besides the Gulf and Malaysia for labor has also increased recently.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18365', 'image' => '20230803115318_foreign emp.jpg', 'article_date' => '2023-08-03 11:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18635', 'article_category_id' => '1', 'title' => 'FNCCI Tells Government to Address the Legitimate Demands of Construction Entrepreneurs', 'sub_title' => '', 'summary' => 'August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the delay in addressing the just demands of this sector, which contributes a lot to the GDP, will not only cause problems in the construction sector but also in the overall economy. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Stating that the delay on part of the government in releasing the amount for the construction works completed by the contractors has had a negative impact on the financial system and the overall economy, the FNCCI urged the government to be sensitive to this issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “The suspension of projects related to development has not only affected the livelihood of the common people but has also limited the capital expenditure of the government while the people have not been able to get facilities," reads a statement issued by the FNCCI on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further said that the capital expenditure was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent last year. “This does not give a positive message at the national and international level.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the economy has gone into recession as the construction, industry and wholesale trade remained negative. According to the FNCCI, banks and financial institutions and manufacturers of construction materials such as cement and rods are also in trouble. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the revenue has decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, while the industries are running at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent capacity, the FNCCI said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In order to solve this problem, the FNCCI has asked the government to address the legitimate demands of the agitating construction entrepreneurs.</span></span> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18364', 'image' => '20230803111722_fcann.jpg', 'article_date' => '2023-08-03 11:15:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18634', 'article_category_id' => '1', 'title' => 'Light to Moderate Rainfall Likely Today, MFD Predicts Heavy Rainfall in a Few Places', 'sub_title' => '', 'summary' => 'August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Meteorological Forecasting Division has forecast today’s will partly to generally cloudy throughout the country while light to moderate rain is possible at some places of Koshi Province, Bagmati Province, Gandaki Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Heavy rainfall with thunder and lightning has been predicted at one or two places of Bagmati Province and Gandaki Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the weather will be partly to generally cloudy throughout the country tonight. Light to moderate rain is likely to occur at a few places of Koshi Province, Bagmati Province, Gandaki Province, Lumbini Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are chances of heavy rain with thunder and lightning at one or two places of Gandaki Province.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18363', 'image' => '20230803101741_rain.jpeg', 'article_date' => '2023-08-03 10:16:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18633', 'article_category_id' => '1', 'title' => 'Sonapur Minerals Receives SEBON’s Approval to Issue IPO at Premium Price', 'sub_title' => '', 'summary' => 'The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 3: The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Upon receiving approval, the company will issue a total of 12,300,200 IPO shares for the general public, Nepalis on foreign employment and locals.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company will issue IPO to the locals and its employees at Rs 225(adding a premium of Rs 125 at the face value of Rs 100). IPO will be issued to general public and Nepali migrant workers on foreign employment at Rs 237.58(adding a premium of Rs 137.58 to the face value of Rs 100).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIMBL Capital will be the sales manager.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, the company will issue IPO shares to locals and Nepalis on foregin employment. IPO will be issued for the general public in the second phase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18362', 'image' => '20230803055525_collage (7).jpg', 'article_date' => '2023-08-03 05:53:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18632', 'article_category_id' => '1', 'title' => 'Sudurpaschim Province Reports Over 1,600 Dengue Cases Since 2022', 'sub_title' => '', 'summary' => ' Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 2: Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022. The Health Directorate of Sudurpaschim Province disclosed that a total of 1,614 individuals have been confirmed to have contracted dengue in the province since 2022.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In the year 2023, the province has recorded 325 cases with no reported fatalities, according to Hemraj Joshi, the focal person for vector-borne diseases at the Directorate.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the confirmed cases, Darchula leads with 119 cases, followed by 57 in Kanchanpur, 31 in Achham, 24 in Kailali, six in Bajhang, five each in Baitadi and Doti, four in Bajura, and two in Dadeldhura. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The dengue, which was previously concentrated in Terai districts, has now extended to hilly regions as well due to rising temperatures prompting mosquitoes to ascend.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Common symptoms of dengue include high fever, headaches, eye pain, backache, joint and leg discomfort. In severe cases, patients may exhibit fatigue, bleeding, vomiting, breathing problems, intense abdominal pain, and swelling in the abdomen and legs, the Directorate highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The risk of dengue remains heightened during the summer and monsoon seasons, persisting until mid-October. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18361', 'image' => '20230802065218_collage (10).jpg', 'article_date' => '2023-08-02 18:51:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18631', 'article_category_id' => '1', 'title' => 'WorldLink Communications Earns Profit of Over Rs 23 Billion in Three Years ', 'sub_title' => '', 'summary' => 'The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">August 2: The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> According to credit ratings by CARE Ratings Nepal, the company has earned a net operating profit of 23.89 billion rupees in the three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per CARE Ratings, the company made an operating profit of 6.54 billion rupees in the fiscal year year 2020, 7.95 billion rupees in the year 2021, and 9.39 billion rupees in the fiscal year 2022.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">In the fiscal year 2022, the company earned 42 percent revenue from individual customers in ISP services and 7% from corporate customers in ISP services.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">WorldLink secured foreign investment of Rs 1.08 billion from British International Investment and 900 million rupees from Dolma Impact Fund in March. The company's foreign investment has accumulated to a total of 3.33 billion rupees.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company has been rated for a long-term loan of Rs 2.18 billion and a short-term loan of Rs 3.01 billion. CARE Ratings has assigned an A rating for the long-term loan and an A2+ rating for the short-term loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to CARE Ratings, WorldLink holds a 29% market share in Nepal's internet market and a 30% market share in the fiber internet market. The company serves 772,000 customers in over 70 districts as of April and has 88 branch offices throughout the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Dilip Agrawal is the Chairman of the company, and Manoj Kumar Agrawal and Vijay Kumar Jalan serve as Executive Directors.</span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18360', 'image' => '20230802051133_collage (7).jpg', 'article_date' => '2023-08-02 17:10:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18630', 'article_category_id' => '1', 'title' => 'Incidents of Crime Skyrocketing in the Capital: Nepal Police ', 'sub_title' => '', 'summary' => 'August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year, 2022/23, a total of 56,319 incidents of crime took place as compared to 46,902 in the FY, 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 56,319 incidents of crime of various nature registered in the FY 2022/23, over 23,000 are yet to be settled, said the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of incidents of crime increased in the FY 2022/23 compared to the FY 2021/22, said Deputy Inspector General of Police Kuber Kadayat, also the central spokesperson for the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FY 2022/23, the highest incidents of crime took place in the Kathmandu Valley (16,627 cases) followed by 9,844 in Madhes Province and 8,720 in Koshi Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Bagmati Province recorded 4,679 incidents of crime, Gandaki Province 4,177, Lumbini Province 6,997, Karnali Province 1,729, and Sudurpaschim Province 3,503. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Forty three incidents of crime have been registered with the Central Investigation Bureau. Banking offences and cybercrimes are found to have increased in the recent period, said DIG Kadayat. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18359', 'image' => '20230802041704_blank - Copy.jpg', 'article_date' => '2023-08-02 16:12:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18629', 'article_category_id' => '1', 'title' => 'Construction Works Come to a Grinding Halt', 'sub_title' => '', 'summary' => 'August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects completed.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects that have been already completed. They also complained the project deadline was not extended and the price was not adjusted and therefore they have also stopped work on the site.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">At present, the on-site work is halted due to off-season for infrastructure construction and the government’s failure in meeting the demand of the construction entrepreneurs. The Federation of Contractors’ Association of Nepal (FCAN), which has been holding protests and sit-ins at various public institutions, continued its protest on Tuesday as well.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On Tuesday, contractors demonstrated near the prime minister's official residence in Baluwatar with construction equipment and placards. Ravi Singh, president of FCAN, says that the protest will continue until the demands are addressed. Complaining about having to wait for months to get the payment for the work done, he said that there will be no working environment until the payment is done and price adjustment made.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">"Now, the construction at the site has stopped. There is a program of protest until Friday,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">FCAN has put forward the demand that the provision of construction work by the consumer committee should be abolished and that the public procurement act and rules related to infrastructure should be business-friendly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On the other hand, in the meeting of the Infrastructure Development Committee under the House of Representatives held on Tuesday, Physical Infrastructure and Transport Minister Prakash Jwala indicated that he cannot extend the deadline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">In this regard, Jwala said, "It is not appropriate to add the deadlines of all the projects randomly. It is also not right to extend the deadline of those who do not work. The deadline is extended based on the progress and situation, but the builders are not satisfied. What is the meaning of extending the deadline for projects in which no work has been done and there is no budget? A separate solution should be sought for such projects. An extension of the deadline has been ordered based on progress. We are serious about payment.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Answering the questions raised by the parliamentarians, he said that the construction workers are still in the movement and the main issue is payment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18358', 'image' => '20230802025201_20220418055544_fcan-building.jpg', 'article_date' => '2023-08-02 14:51:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18628', 'article_category_id' => '1', 'title' => 'Arrival of Chinese Tourists on the Rise', 'sub_title' => '', 'summary' => 'August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise. Before the outbreak, Chinese tourists accounted for 10 to 15 percent of the total tourists visiting Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">But the arrival of Chinese tourists came to a complete halt after the outbreak.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The Nepal Tourism Board (NTB) said that the arrival of Chinese tourists has started to increase since last month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Maniraj Lamichhane, director of NTB, 5,693 Chinese tourists entered Nepal in July, which is 9.9 percent of the total tourists visiting Nepal. In July 2022, the number of Chinese tourists visiting Nepal stood at 1,593. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the board, 534,207 foreign tourists have entered in seven months of 2023. In the month of July alone, the number of tourists entering Nepal by air increased by 29.8 percent. In July this year, 57,726 foreign tourists entered Nepal, while in 7 months of 2022, a total of 44,462 foreign tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After the Chinese government included Nepal in the list of countries that its citizens can visit, the number of Chinese tourists started to increase. Nepal was included in the list published by the Chinese Ministry of Culture and Tourism on March 15.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Chinese Dragon Boat Race Festival was organized in Pokhara last month, for which an international chartered flight from Chhendu, China to Pokhara International Airport was operated for the first time. NTB mentioned that the arrival of Chinese tourists is gradually increasing due to the ease in restriction on flights and the opening of borders by the Chinese government.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18357', 'image' => '20230802022137_20230611044301_6.jpg', 'article_date' => '2023-08-02 14:20:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18627', 'article_category_id' => '1', 'title' => 'Government to Raise Internal Debts of Rs 240 Billion this Year', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank has published the schedule for collection of internal debt collection from August 3.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government had announced through the budget to raise internal debt of Rs 240 billion this year. Accordingly, the central bank has prepared a schedule to collect Rs 179 billion by issuing development bonds, Rs 55 billion from treasury bills, Rs 5 billion from citizen savings bonds and Rs 1 billion from foreign employment savings bonds.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the schedule, Rs 55 billion each will be raised in the first and second quarters, Rs 53 billion in the third quarter and Rs 77 billion in the fourth quarter of the current FY. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Currently, there is plenty of liquidity in the banks and the interest rate is low, so the interest rate of the government's internal debt will be cheaper. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The interest rate of the treasury bills, which exceeded 12 percent last year, is around 6 percent this year. Nepal Rastra Bank plans to raise Rs 55 billion from treasury bills in the first quarter, Rs 10 billion in the second quarter, Rs 15 billion in the third quarter and Rs 5 billion in the fourth quarter. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Development bonds worth Rs 50 billion will be issued in the first quarter, Rs 45 billion in the second, Rs 35 billion in the third and Rs 49 billion in the fourth. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Rs 5 billion will be collected from citizens' savings bonds in the third and fourth quarters. The Central Bank is also planning to issue foreign employment savings bonds worth Rs 500 million each in the third and fourth quarters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the Public Debt Management Office, Nepal’s public debt is Rs 2221 billion as of as of last year, including Rs 1128 billion in internal debt and Rs 1093 billion external loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18356', 'image' => '20230802110303_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-08-02 11:02:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18641', 'article_category_id' => '1', 'title' => 'Boost Supply System without Price Hike: Minister Rijal ', 'sub_title' => '', 'summary' => 'August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price hike. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: Minister for Industry, Commerce and Supply, Ramesh Rijal, has instructed the ministry officials to ensure smooth supply of goods without price hike. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a discussion organized at the Ministry on Wednesday, Minister Rijal said he would extend full support and cooperation to solve the problems faced by the supply system in the country. All sides concerned can play significant role to make supply chain smooth and effective, he said, adding that the ministry would facilitate the supply of essential goods. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The meeting was attended by commerce secretary along with the secretary at the Ministry of Agriculture and Livestock Development, officials from different ministries and chiefs of public bodies related to supply. It was also attended by the representatives of the business sectors including FNCCI, and CNI. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Commerce Secretary Madhu Kumar Marasini said both public and private sectors could work together for smooth supply of goods in view of the upcoming festive season. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that government would beef up market monitoring and discuss how the solve problems after India adopted a policy to ban rice supply to Nepal. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18370', 'image' => '20230803020040_20201012023113_1602458957.Clipboard15.jpg', 'article_date' => '2023-08-03 14:00:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18640', 'article_category_id' => '1', 'title' => 'Health Ministry Orders Hospitals to Run their Own Pharmacies within One Month ', 'sub_title' => '', 'summary' => 'August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The Ministry of Health and Population has directed the hospitals without their own pharmacies to run pharmacies on their premises within one month. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Issuing a circular in the name of government, private, non-government and community institutes and medical colleges, the ministry warned of taking action against such health institutes and hospitals that do not have their own pharmacies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The health institutions and hospitals not operating pharmacies on their own on the hospital premises should complete necessary process to run the pharmacies within a month from the date of the issuance of this circular. Action will be taken against such health institutions and hospitals if they do not comply with the order," reads the circular. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the ministry also instructed the hospitals and health institutions having their own pharmacies to ensure that all medicines and related goods re available for the patients round the clock. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Drug Manager of the Ministry, Usha Tandukar, said it is necessary to ensure that patients and their attendants get medicine at any time in hospitals. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18369', 'image' => '20230803015942_hospitalll.jpg', 'article_date' => '2023-08-03 13:59:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18639', 'article_category_id' => '1', 'title' => 'Industrialists Submit 35-Point Memo to Government', 'sub_title' => '', 'summary' => 'August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Businessmen and entrepreneurs have demanded that the mandatory rules of labels on imports be postponed for the time being. Traders have been protesting since the government made importer and seller labels mandatory on imported goods from the beginning of the current fiscal year.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The office bearers and members of the Trade Committee of the Federation of Nepalese Chamber of Commerce and Industry (FNCCI) made such requests to Minister for Industry, Commerce and Supplies Ramesh Rijal on Tuesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Subodh Kumar Gupta, chairman of the committee, informed New Business Age that they submitted a 35-point suggestion letter to the government requesting for business facilitation, which is currently problematic from all sides.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The importers claim that the arrangement of labels has created an atmosphere of confusion and discomfort among businessmen and this has affected the overall business. They said that the government is making a procedure, so they demanded a postponement of labeling until this arrangement is made.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">The businessmen demanded that the private sector should also participate in such a team to make the monitoring done by the local monitoring committee transparent and effective. Gupta said that the employees engaged in monitoring should be aware of the nature and process of the items to be monitored.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">They also demand that the VCTS implemented by the Revenue Investigation Department should be penalty-free. The entrepreneurs have demanded that all kinds of taxes levied by the government on transportation should be removed, the available tools should be used to stabilize bank interest rates, and export subsidies should be made available.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Industrialists and traders have also demanded that there should be a system for local-level certification of scales, removing the compulsory system of renewing measuring instruments within 30 days of purchase. They also demanded services for industries through a one-door system, a digital border security system, and a law related to loan recovery. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Traders also urged the government to levy less customs duty on the import of raw materials. The government has also been requested to allow the importers to keep their trademarks on the imported goods.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Arial","sans-serif"">Businessmen have expressed their objection to the problems like police stopping the trucks that have been checked by the customs.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18368', 'image' => '20230803015845_1690948884.aayatitbastumalabel.jpg', 'article_date' => '2023-08-03 13:57:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18638', 'article_category_id' => '1', 'title' => 'Construction of Flyover at Satobato and Ekantakuna yet to Begin', 'sub_title' => '', 'summary' => 'August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The construction of flyover at Gwarko and two other intersections, where feasibility studies have been conducted, has not progressed. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Department of Roads had conducted the feasibility study of constructing a 'flyover' each at Satdobato, Ekantakuna and Gwarko Chowk. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Quality, Research and Development Center under the Department of Roads informed New Business Age that the construction could not proceed ahead due to the fact that funds could not be secured for two locations – Satobato and Ekantakuna.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Rabindra Shrestha, engineer of the center, said that even though the feasibility studies for constructing a flyover at Satdobato and Ekantakuna have been completed, the construction is not expected to proceed immediately due to unavailability of funds. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"The first phase of construction has been started at Gwarko Chowk. Now, the flyovers have to be built in two places as well,” said Shrestha.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the department has already sought permission from the Ministry of Finance for the construction of flyovers at these two intersections.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Preliminary studies have been done in both these areas, but detailed studies are yet to be done. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that just like in Gwarko Chowk, the detailed study of the other two flyovers will be done through Engineering Procurement and Construction (EPC) model. He said that when signing contract under this model, the construction company itself will undertake the design.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Engineer Shrestha said that the department had asked for budget with the Ministry of Finance to construct flyovers at both the intersections – Ekantakuna and Satdobato. But the proposal was not approved by the ministry and the construction could not take place.</span></span> </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The budget for the current fiscal year has mentioned that the government will construct 'flyovers' and 'underpasses' at Ekantakuna, Satdobato and Baneshwar and also complete the flyover at Gwarko.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Center is currently studying the feasibility of constructing an 'underpass' in Baneshwar. Shrestha said that the budget will be discussed after the study is completed. He clarified that there is no immediate plan to start construction in Baneshwar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Shrestha, there is a plan to build an underpass at Baneshwar like the one built in Kalanki with the help of the Chinese government.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18367', 'image' => '20230803013843_1690987574.jpg', 'article_date' => '2023-08-03 13:38:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18637', 'article_category_id' => '1', 'title' => 'Government Agencies Reluctant to Implement Provisions Mentioned in Budget', 'sub_title' => '', 'summary' => 'August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY 2023/24).', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Government agencies have been found hesitating to implement the programmes announced in the budget by the government for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">24)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Although Finance Minister Dr Prakash Sharan Mahat had directed the concerned officials to speed up the implementation of the budget, the government agencies are not willing to implement the programmes included in the budget on various pretexts.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">An example of this is the provision included in the budget that no fee shall be charged for the registration of a new company from the new fiscal year which commenced on July 17. The government had also made an announcement that it would not charge any company for increasing its capital effective from the beginning of the current FY.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The issue of establishing and closing a company through online medium was also included in the policies and programmes of the government after the government was criticized for the complex process of setting up and closing companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There will be no fees or charges for registering new companies and increasing the company's capital," mentions the budget statement. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the budget, the provision of opening a company after declaring a minimum authorized capital of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> should be implemented after the implementation of the new budget. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Finance Minister Mahat had made such announcements while unveiling the budget on May 29, but these provisions have not been implemented yet. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office, which has the authority to implement this provision in the budget, is hesitant to implement these provisions under various pretexts. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Company Registrar's Office admitted that the provisions in the budget have not been implemented yet. Officials say that they cannot implement the provisions mentioned in the budget until a notification is published in the Nepal Gazette.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Shekhar Babu Karki, the information officer of the Company Registrar's Office, says that the government has not yet published a notification in the Nepal Gazette in this regard, so the new provisions have not been implemented.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Karki made it clear the provision in the budget will not be implemented until a notice is published in the Nepal Gazette. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There are </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">380</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies registered with the Company Registrar's Office. Last year alone, more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">companies were registered.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18366', 'image' => '20230803124546_1683767264.jpg', 'article_date' => '2023-08-03 12:45:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18636', 'article_category_id' => '1', 'title' => 'Most of the Nepali Migrant Workers Prefer Malaysia for Foreign Employment', 'sub_title' => '', 'summary' => 'August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: Majority of Nepali migrant workers visited Malaysia for foreign employment in the last fiscal year. According to government data, a total of 771,327 Nepali citizens took work permits for foreign employment in the review year. Among them, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">259,594</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people obtained work permits for Malaysia alone, according to the Department of Foreign Employment.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General of the department, Madan Dahal, said that Malaysia might have become the first choice of Nepali workers because it is easier to go and work in Malaysia compared to the Gulf countries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">36</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">644</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> people took work permit for Malaysia. At that time, Malaysia had tightened the entry of immigrants due to the spread of Covid-19. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Recently, it has been learnt that Nepalis have been attracted to Malaysia because the country has increased the wages of the workers. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The minimum wage of workers in Malaysia is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,500</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> ringgit (about Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">43,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">) at present. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After Malaysia, Qatar is the second choice among Nepali youths for foreign employment. Last year, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">133</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">262</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis acquired work permits to go to Qatar for employment, the department said. In the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">184</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">926</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepalis took work permits for Qatar.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Director General Dahal said that last year, Nepalis took work permits to go to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">144 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">countries across the world. According to him, the number of Nepalis going to European countries besides the Gulf and Malaysia for labor has also increased recently.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18365', 'image' => '20230803115318_foreign emp.jpg', 'article_date' => '2023-08-03 11:52:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18635', 'article_category_id' => '1', 'title' => 'FNCCI Tells Government to Address the Legitimate Demands of Construction Entrepreneurs', 'sub_title' => '', 'summary' => 'August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 3: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) has said that its attention has been drawn towards the movement of construction entrepreneurs with various demands. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the delay in addressing the just demands of this sector, which contributes a lot to the GDP, will not only cause problems in the construction sector but also in the overall economy. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Stating that the delay on part of the government in releasing the amount for the construction works completed by the contractors has had a negative impact on the financial system and the overall economy, the FNCCI urged the government to be sensitive to this issue.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> “The suspension of projects related to development has not only affected the livelihood of the common people but has also limited the capital expenditure of the government while the people have not been able to get facilities," reads a statement issued by the FNCCI on Wednesday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further said that the capital expenditure was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">61</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent last year. “This does not give a positive message at the national and international level.”</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The FNCCI said that the economy has gone into recession as the construction, industry and wholesale trade remained negative. According to the FNCCI, banks and financial institutions and manufacturers of construction materials such as cement and rods are also in trouble. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the revenue has decreased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, while the industries are running at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent capacity, the FNCCI said. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In order to solve this problem, the FNCCI has asked the government to address the legitimate demands of the agitating construction entrepreneurs.</span></span> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18364', 'image' => '20230803111722_fcann.jpg', 'article_date' => '2023-08-03 11:15:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18634', 'article_category_id' => '1', 'title' => 'Light to Moderate Rainfall Likely Today, MFD Predicts Heavy Rainfall in a Few Places', 'sub_title' => '', 'summary' => 'August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 3: The country is currently experiencing the impact of monsoon winds along with a partial influence of monsoon depression around the Jharkhand region of neighbouring India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Meteorological Forecasting Division has forecast today’s will partly to generally cloudy throughout the country while light to moderate rain is possible at some places of Koshi Province, Bagmati Province, Gandaki Province, Karnali Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Heavy rainfall with thunder and lightning has been predicted at one or two places of Bagmati Province and Gandaki Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the weather will be partly to generally cloudy throughout the country tonight. Light to moderate rain is likely to occur at a few places of Koshi Province, Bagmati Province, Gandaki Province, Lumbini Province and Sudur Pashchim Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There are chances of heavy rain with thunder and lightning at one or two places of Gandaki Province.-- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18363', 'image' => '20230803101741_rain.jpeg', 'article_date' => '2023-08-03 10:16:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18633', 'article_category_id' => '1', 'title' => 'Sonapur Minerals Receives SEBON’s Approval to Issue IPO at Premium Price', 'sub_title' => '', 'summary' => 'The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. ', 'content' => '<p> </p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 3: The Regulatory Body, Securities Board of Nepal(SEBON) has granted permission to Sonapur Minerals and Oil Limited to issue Initial Public Offering (IPO) at a premium price. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The SEBON approved the company to issue the IPO worth over Rs 3.7 billion on August 2. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Upon receiving approval, the company will issue a total of 12,300,200 IPO shares for the general public, Nepalis on foreign employment and locals.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company will issue IPO to the locals and its employees at Rs 225(adding a premium of Rs 125 at the face value of Rs 100). IPO will be issued to general public and Nepali migrant workers on foreign employment at Rs 237.58(adding a premium of Rs 137.58 to the face value of Rs 100).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIMBL Capital will be the sales manager.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the first phase, the company will issue IPO shares to locals and Nepalis on foregin employment. IPO will be issued for the general public in the second phase. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-03', 'modified' => '2023-08-03', 'keywords' => '', 'description' => '', 'sortorder' => '18362', 'image' => '20230803055525_collage (7).jpg', 'article_date' => '2023-08-03 05:53:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18632', 'article_category_id' => '1', 'title' => 'Sudurpaschim Province Reports Over 1,600 Dengue Cases Since 2022', 'sub_title' => '', 'summary' => ' Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">August 2: Sudurpaschim Province, as of today, has reported a significant surge in dengue fever cases, surpassing 1,600 since 2022. The Health Directorate of Sudurpaschim Province disclosed that a total of 1,614 individuals have been confirmed to have contracted dengue in the province since 2022.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In the year 2023, the province has recorded 325 cases with no reported fatalities, according to Hemraj Joshi, the focal person for vector-borne diseases at the Directorate.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the confirmed cases, Darchula leads with 119 cases, followed by 57 in Kanchanpur, 31 in Achham, 24 in Kailali, six in Bajhang, five each in Baitadi and Doti, four in Bajura, and two in Dadeldhura. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The dengue, which was previously concentrated in Terai districts, has now extended to hilly regions as well due to rising temperatures prompting mosquitoes to ascend.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Common symptoms of dengue include high fever, headaches, eye pain, backache, joint and leg discomfort. In severe cases, patients may exhibit fatigue, bleeding, vomiting, breathing problems, intense abdominal pain, and swelling in the abdomen and legs, the Directorate highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The risk of dengue remains heightened during the summer and monsoon seasons, persisting until mid-October. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18361', 'image' => '20230802065218_collage (10).jpg', 'article_date' => '2023-08-02 18:51:02', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18631', 'article_category_id' => '1', 'title' => 'WorldLink Communications Earns Profit of Over Rs 23 Billion in Three Years ', 'sub_title' => '', 'summary' => 'The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">August 2: The internet service provider company WorldLink Communications Limited has generated a net profit of more than 23 billion rupees in just three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> According to credit ratings by CARE Ratings Nepal, the company has earned a net operating profit of 23.89 billion rupees in the three years.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">As per CARE Ratings, the company made an operating profit of 6.54 billion rupees in the fiscal year year 2020, 7.95 billion rupees in the year 2021, and 9.39 billion rupees in the fiscal year 2022.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">In the fiscal year 2022, the company earned 42 percent revenue from individual customers in ISP services and 7% from corporate customers in ISP services.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">WorldLink secured foreign investment of Rs 1.08 billion from British International Investment and 900 million rupees from Dolma Impact Fund in March. The company's foreign investment has accumulated to a total of 3.33 billion rupees.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The company has been rated for a long-term loan of Rs 2.18 billion and a short-term loan of Rs 3.01 billion. CARE Ratings has assigned an A rating for the long-term loan and an A2+ rating for the short-term loan.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to CARE Ratings, WorldLink holds a 29% market share in Nepal's internet market and a 30% market share in the fiber internet market. The company serves 772,000 customers in over 70 districts as of April and has 88 branch offices throughout the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Dilip Agrawal is the Chairman of the company, and Manoj Kumar Agrawal and Vijay Kumar Jalan serve as Executive Directors.</span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18360', 'image' => '20230802051133_collage (7).jpg', 'article_date' => '2023-08-02 17:10:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18630', 'article_category_id' => '1', 'title' => 'Incidents of Crime Skyrocketing in the Capital: Nepal Police ', 'sub_title' => '', 'summary' => 'August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">August 2: Criminal activities have increased in the country of late. Over 100,000 incidents of crime took place in the past two years, according to the Police Headquarters. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the fiscal year, 2022/23, a total of 56,319 incidents of crime took place as compared to 46,902 in the FY, 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 56,319 incidents of crime of various nature registered in the FY 2022/23, over 23,000 are yet to be settled, said the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The number of incidents of crime increased in the FY 2022/23 compared to the FY 2021/22, said Deputy Inspector General of Police Kuber Kadayat, also the central spokesperson for the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the FY 2022/23, the highest incidents of crime took place in the Kathmandu Valley (16,627 cases) followed by 9,844 in Madhes Province and 8,720 in Koshi Province. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Bagmati Province recorded 4,679 incidents of crime, Gandaki Province 4,177, Lumbini Province 6,997, Karnali Province 1,729, and Sudurpaschim Province 3,503. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Forty three incidents of crime have been registered with the Central Investigation Bureau. Banking offences and cybercrimes are found to have increased in the recent period, said DIG Kadayat. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18359', 'image' => '20230802041704_blank - Copy.jpg', 'article_date' => '2023-08-02 16:12:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18629', 'article_category_id' => '1', 'title' => 'Construction Works Come to a Grinding Halt', 'sub_title' => '', 'summary' => 'August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects completed.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The construction entrepreneurs have been continuously protesting since the past few days saying that they did not get the payment on time for the projects that have been already completed. They also complained the project deadline was not extended and the price was not adjusted and therefore they have also stopped work on the site.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">At present, the on-site work is halted due to off-season for infrastructure construction and the government’s failure in meeting the demand of the construction entrepreneurs. The Federation of Contractors’ Association of Nepal (FCAN), which has been holding protests and sit-ins at various public institutions, continued its protest on Tuesday as well.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On Tuesday, contractors demonstrated near the prime minister's official residence in Baluwatar with construction equipment and placards. Ravi Singh, president of FCAN, says that the protest will continue until the demands are addressed. Complaining about having to wait for months to get the payment for the work done, he said that there will be no working environment until the payment is done and price adjustment made.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">"Now, the construction at the site has stopped. There is a program of protest until Friday,” he said.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">FCAN has put forward the demand that the provision of construction work by the consumer committee should be abolished and that the public procurement act and rules related to infrastructure should be business-friendly.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">On the other hand, in the meeting of the Infrastructure Development Committee under the House of Representatives held on Tuesday, Physical Infrastructure and Transport Minister Prakash Jwala indicated that he cannot extend the deadline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">In this regard, Jwala said, "It is not appropriate to add the deadlines of all the projects randomly. It is also not right to extend the deadline of those who do not work. The deadline is extended based on the progress and situation, but the builders are not satisfied. What is the meaning of extending the deadline for projects in which no work has been done and there is no budget? A separate solution should be sought for such projects. An extension of the deadline has been ordered based on progress. We are serious about payment.”</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Answering the questions raised by the parliamentarians, he said that the construction workers are still in the movement and the main issue is payment.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18358', 'image' => '20230802025201_20220418055544_fcan-building.jpg', 'article_date' => '2023-08-02 14:51:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18628', 'article_category_id' => '1', 'title' => 'Arrival of Chinese Tourists on the Rise', 'sub_title' => '', 'summary' => 'August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">August 2: The arrival of Chinese tourists, which had slowed down after the onset of the Covid-19 pandemic, is now on the rise. Before the outbreak, Chinese tourists accounted for 10 to 15 percent of the total tourists visiting Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">But the arrival of Chinese tourists came to a complete halt after the outbreak.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The Nepal Tourism Board (NTB) said that the arrival of Chinese tourists has started to increase since last month.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to Maniraj Lamichhane, director of NTB, 5,693 Chinese tourists entered Nepal in July, which is 9.9 percent of the total tourists visiting Nepal. In July 2022, the number of Chinese tourists visiting Nepal stood at 1,593. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the board, 534,207 foreign tourists have entered in seven months of 2023. In the month of July alone, the number of tourists entering Nepal by air increased by 29.8 percent. In July this year, 57,726 foreign tourists entered Nepal, while in 7 months of 2022, a total of 44,462 foreign tourists had arrived in Nepal.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After the Chinese government included Nepal in the list of countries that its citizens can visit, the number of Chinese tourists started to increase. Nepal was included in the list published by the Chinese Ministry of Culture and Tourism on March 15.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">Chinese Dragon Boat Race Festival was organized in Pokhara last month, for which an international chartered flight from Chhendu, China to Pokhara International Airport was operated for the first time. NTB mentioned that the arrival of Chinese tourists is gradually increasing due to the ease in restriction on flights and the opening of borders by the Chinese government.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18357', 'image' => '20230802022137_20230611044301_6.jpg', 'article_date' => '2023-08-02 14:20:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18627', 'article_category_id' => '1', 'title' => 'Government to Raise Internal Debts of Rs 240 Billion this Year', 'sub_title' => '', 'summary' => 'August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">August 2: The government is preparing to raise internal debt of Rs 240 billion in the current fiscal year, starting from August.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Nepal Rastra Bank has published the schedule for collection of internal debt collection from August 3.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government had announced through the budget to raise internal debt of Rs 240 billion this year. Accordingly, the central bank has prepared a schedule to collect Rs 179 billion by issuing development bonds, Rs 55 billion from treasury bills, Rs 5 billion from citizen savings bonds and Rs 1 billion from foreign employment savings bonds.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the schedule, Rs 55 billion each will be raised in the first and second quarters, Rs 53 billion in the third quarter and Rs 77 billion in the fourth quarter of the current FY. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Currently, there is plenty of liquidity in the banks and the interest rate is low, so the interest rate of the government's internal debt will be cheaper. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The interest rate of the treasury bills, which exceeded 12 percent last year, is around 6 percent this year. Nepal Rastra Bank plans to raise Rs 55 billion from treasury bills in the first quarter, Rs 10 billion in the second quarter, Rs 15 billion in the third quarter and Rs 5 billion in the fourth quarter. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Development bonds worth Rs 50 billion will be issued in the first quarter, Rs 45 billion in the second, Rs 35 billion in the third and Rs 49 billion in the fourth. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, Rs 5 billion will be collected from citizens' savings bonds in the third and fourth quarters. The Central Bank is also planning to issue foreign employment savings bonds worth Rs 500 million each in the third and fourth quarters.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the data of the Public Debt Management Office, Nepal’s public debt is Rs 2221 billion as of as of last year, including Rs 1128 billion in internal debt and Rs 1093 billion external loans.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-08-02', 'modified' => '2023-08-02', 'keywords' => '', 'description' => '', 'sortorder' => '18356', 'image' => '20230802110303_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-08-02 11:02:26', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
