July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17.…
July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17.…
July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday.…
July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s…
July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal…
July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on…
July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district…
The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July…
Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust…
July 17: The government has revised the public transportation fares after the prices of petroleum produced…
Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from…
Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the…
In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual…
Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure…
On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on…
President Ramchandra Paudel has officially certified three bills related to the…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. With the implementation of the new budget from Monday, many previous arrangements have been changed.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The luxury tax arranged in the budget and the 5 percent tourism fee on foreign tour packages have also been implemented from Monday. Likewise, value added tax (VAT) has been imposed on airfares effective from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Finance Act 2080, it is mentioned that VAT on airfare must be registered and collected within 30 days from the date that the taxable amount exceeds the limit of Rs 2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Inland Revenue Department, air transport service providers should apply for registration for the Value Added Tax.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A 2 percent luxury tax has also been implemented on services provided by five-star hotels, restaurants and resorts as well as on luxury items worth more than Rs 1 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Imported liquor and diamond, pearl, stone-studded gold or precious metals, jewelery worth more than Rs 1 million are also taxed at the same rate. Likewise, a 5 percent tourism fee on foreign tour packages sold by travel agencies has also been levied from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 39 percent income tax has come into action for annual salary above Rs 5 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">From Monday, the Department of Customs has put into effect a new provision under which the name of the importers and distributors should be labeled on all imported goods. The department has implemented the provisions under sub-section (4) of section 18 of Schedule 1 of the Finance Act 2080.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the Finance Act 2080, the goods ready for import must be labeled with full details of the importer and market distributor before being sent for distribution in the market starting from July 17. For that, the department has already informed the stakeholders about how to label and what details to mention.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Raju Prasad Pyakurel, director of the department, said that action will be taken if goods are sold and distributed in the market without labeling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chief Secretary of the Government of Nepal Dr Baikuntha Aryal has instructed the secretaries of various ministries and agencies to work effectively in the implementation of the budget and the government’s policies and programs for the fiscal year 2023/23.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the first day of the new fiscal year, Aryal held discussions with the officials of various ministries at Singha Darbar. In the meeting, Chief Secretary Aryal said that there should be no compromise in formulation of plans and implementation as per the budget and policies and programs of the government. According to a secretary who attended the meeting, there was a discussion to determine the necessary plans to meet the target set by the government and pay attention to the arrears.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18224', 'image' => '20230718035349_1683767264.jpg', 'article_date' => '2023-07-18 15:52:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18493', 'article_category_id' => '1', 'title' => 'TVRS Implemented in 21 Districts from New Fiscal Year ', 'sub_title' => '', 'summary' => 'July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. The software keeps track of the names of the traffic rule violators, their vehicle numbers and the type of offense and all the record could be accessed by the division office in real time. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The TVRS was brought into effect from the first day of the new fiscal year 2023/24, said Spokesperson of Nepal Police Kuber Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kadayat shared that those districts were Sunsari, Jhapa, Morang, Siraha, Parsa, Mahottari, Sindhuli, Kavrepalanchowk, Makawanpur, Kaski, Tanahu and Nawalparashi (East). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Software is also in force in Rupandehi, Dang, Banke, Surkhet, Salyan, Dailekh, Kailali, Kanchanpur and Doti. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The implementation was part of the plan to connect the revenue collection through fine for the traffic violation offences to the banking system in the provincial level, shared Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The system is expected to facilitate traffic police in tracking the traffic rule violators without having to visit the division offices to collect the record while the service-seekers would be spared the trouble of reaching out to traffic offices to pay the fine and get back their seized documents. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18223', 'image' => '20230718022223_Nepal-Go_Pro-Police-John-Rae-_87A6164.jpg', 'article_date' => '2023-07-18 14:21:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18490', 'article_category_id' => '1', 'title' => 'Waste Management of Kathmandu Valley Disrupted due to Protest of Banchare Danda Locals', 'sub_title' => '', 'summary' => 'July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating locals have cited non-implementation of agreements reached with the Kathmandu Metropolitan City in the past as the reason for their protest. They claim that despite signing an agreement a year ago, the Kathmandu metropolis has failed to implement it. As a result, waste management from 18 local levels in the Kathmandu Valley has been disrupted. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhunibesi Municipality ward no 1 Chair Man Bahadur Tamang said the waste disposal has been halted from Monday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"It is not possible for humans to live together with waste. We demand either to manage waste in other areas or relocate the locals. If the problem remains unaddressed, frequent obstructions in waste disposal are very likely," said Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following the locals' protests, around 50 waste containers were stopped in between Sisdole and Banchare Danda. The locals accused the Kathmandu metropolis of cheating them in the name of agreements which also include the segregation of biodegradable and non-biodegradable waste and manage just degradable waste there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating people have accused the metropolis of not implementing the agreement when one year has already elapsed since its signing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, KMC infrastructure advisor Sunil Lamsal said the waste management is taking place as per the agreement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The locals' main demand is for acquisition of 3,000 ropanis of land around the waste disposal site which is not something that the KMC can accomplish singlehandedly. The KMC is in touch with the federal government regarding the matter," added Lamsal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Until last year, garbage collected from the 18 local levels in Kathmandu Valley was being managed at Sisdole. Then it was shifted to nearby Banchadare Danda landfill site bordering Nuwakot and Dhading districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18220', 'image' => '20230718013623_20220809115231_Kathmandu Valley.jpg', 'article_date' => '2023-07-18 13:35:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18489', 'article_category_id' => '1', 'title' => '154 Local Bodies Fail to Submit Details of Endorsement of their Budget ', 'sub_title' => '', 'summary' => 'July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the 'Budget Update of Local Levels for Fiscal Year 2080/81' prepared by the Ministry of Federal Affairs and General Administration, 20.45 per cent of the local levels are found 'without budget' as of 2.30 pm on Monday. The number of local levels that have passed their annual budgets until the announcement made by the ministry was 599. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry said the highest number of local levels not endorsing their budget until the start of the new fiscal year were from the Madhesh Province. Sixty-three local bodies of Madhes Province have not announced their budget. The lowest number of such local bodies is in Karnali Province. Only four local bodies in Karnali Province have not unveiled their budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-nine local bodies in Koshi Province, 24 in Bagmati Province, seven in Gandaki Province, 14 in Lumbini Province and 13 in Sudurpaschim Province have not provided information on the passage of their annual budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Assistant spokesperson at the Ministry of Federal Affairs and General Administration, Ashwin Kumar Pokharel said a high number of local bodies is seen not bringing their annual budget. Even the municipalities that have passed their budget have not entered information about it in the ministry's centralized system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Although many local bodies have passed the budget, they have not entered it in the portal," he said. The ministry's assistant spokesperson said a circular has been sent to all the local bodies that have not entered the information about their budget in the ministry's portal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry, on Sunday, sent letters to all local bodies and the District Coordination Committee, urging them to update information on the presentation of the annual budget for fiscal year 2023/24 BS and the passage of the budget by their respective municipal or rural municipal assembly. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18219', 'image' => '20230718021925_Budget.jpg', 'article_date' => '2023-07-18 12:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18488', 'article_category_id' => '1', 'title' => 'Foreign Ministers of BIMSTEC Member States' Discuss ways to Bolster Cooperation ', 'sub_title' => '', 'summary' => 'July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The leaders discussed matters related to energy cooperation, expansion of power transmission line, climate change, health and food security and technology, among others, Minister for Foreign Affairs Narayan Prakash Saud, who is attended the meeting, told the state-owned RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"In Bangkok, we the foreign ministers of BIMSTEC member states held fruitful discussions on strengthening mutual cooperation. The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </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 the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</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 the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </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 the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '18494', 'article_category_id' => '1', 'title' => 'New Provision in Budget being Implemented from July 17 ', 'sub_title' => '', 'summary' => 'July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. With the implementation of the new budget from Monday, many previous arrangements have been changed.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The luxury tax arranged in the budget and the 5 percent tourism fee on foreign tour packages have also been implemented from Monday. Likewise, value added tax (VAT) has been imposed on airfares effective from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Finance Act 2080, it is mentioned that VAT on airfare must be registered and collected within 30 days from the date that the taxable amount exceeds the limit of Rs 2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Inland Revenue Department, air transport service providers should apply for registration for the Value Added Tax.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A 2 percent luxury tax has also been implemented on services provided by five-star hotels, restaurants and resorts as well as on luxury items worth more than Rs 1 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Imported liquor and diamond, pearl, stone-studded gold or precious metals, jewelery worth more than Rs 1 million are also taxed at the same rate. Likewise, a 5 percent tourism fee on foreign tour packages sold by travel agencies has also been levied from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 39 percent income tax has come into action for annual salary above Rs 5 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">From Monday, the Department of Customs has put into effect a new provision under which the name of the importers and distributors should be labeled on all imported goods. The department has implemented the provisions under sub-section (4) of section 18 of Schedule 1 of the Finance Act 2080.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the Finance Act 2080, the goods ready for import must be labeled with full details of the importer and market distributor before being sent for distribution in the market starting from July 17. For that, the department has already informed the stakeholders about how to label and what details to mention.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Raju Prasad Pyakurel, director of the department, said that action will be taken if goods are sold and distributed in the market without labeling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chief Secretary of the Government of Nepal Dr Baikuntha Aryal has instructed the secretaries of various ministries and agencies to work effectively in the implementation of the budget and the government’s policies and programs for the fiscal year 2023/23.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the first day of the new fiscal year, Aryal held discussions with the officials of various ministries at Singha Darbar. In the meeting, Chief Secretary Aryal said that there should be no compromise in formulation of plans and implementation as per the budget and policies and programs of the government. According to a secretary who attended the meeting, there was a discussion to determine the necessary plans to meet the target set by the government and pay attention to the arrears.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18224', 'image' => '20230718035349_1683767264.jpg', 'article_date' => '2023-07-18 15:52:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18493', 'article_category_id' => '1', 'title' => 'TVRS Implemented in 21 Districts from New Fiscal Year ', 'sub_title' => '', 'summary' => 'July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. The software keeps track of the names of the traffic rule violators, their vehicle numbers and the type of offense and all the record could be accessed by the division office in real time. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The TVRS was brought into effect from the first day of the new fiscal year 2023/24, said Spokesperson of Nepal Police Kuber Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kadayat shared that those districts were Sunsari, Jhapa, Morang, Siraha, Parsa, Mahottari, Sindhuli, Kavrepalanchowk, Makawanpur, Kaski, Tanahu and Nawalparashi (East). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Software is also in force in Rupandehi, Dang, Banke, Surkhet, Salyan, Dailekh, Kailali, Kanchanpur and Doti. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The implementation was part of the plan to connect the revenue collection through fine for the traffic violation offences to the banking system in the provincial level, shared Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The system is expected to facilitate traffic police in tracking the traffic rule violators without having to visit the division offices to collect the record while the service-seekers would be spared the trouble of reaching out to traffic offices to pay the fine and get back their seized documents. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18223', 'image' => '20230718022223_Nepal-Go_Pro-Police-John-Rae-_87A6164.jpg', 'article_date' => '2023-07-18 14:21:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18490', 'article_category_id' => '1', 'title' => 'Waste Management of Kathmandu Valley Disrupted due to Protest of Banchare Danda Locals', 'sub_title' => '', 'summary' => 'July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating locals have cited non-implementation of agreements reached with the Kathmandu Metropolitan City in the past as the reason for their protest. They claim that despite signing an agreement a year ago, the Kathmandu metropolis has failed to implement it. As a result, waste management from 18 local levels in the Kathmandu Valley has been disrupted. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhunibesi Municipality ward no 1 Chair Man Bahadur Tamang said the waste disposal has been halted from Monday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"It is not possible for humans to live together with waste. We demand either to manage waste in other areas or relocate the locals. If the problem remains unaddressed, frequent obstructions in waste disposal are very likely," said Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following the locals' protests, around 50 waste containers were stopped in between Sisdole and Banchare Danda. The locals accused the Kathmandu metropolis of cheating them in the name of agreements which also include the segregation of biodegradable and non-biodegradable waste and manage just degradable waste there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating people have accused the metropolis of not implementing the agreement when one year has already elapsed since its signing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, KMC infrastructure advisor Sunil Lamsal said the waste management is taking place as per the agreement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The locals' main demand is for acquisition of 3,000 ropanis of land around the waste disposal site which is not something that the KMC can accomplish singlehandedly. The KMC is in touch with the federal government regarding the matter," added Lamsal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Until last year, garbage collected from the 18 local levels in Kathmandu Valley was being managed at Sisdole. Then it was shifted to nearby Banchadare Danda landfill site bordering Nuwakot and Dhading districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18220', 'image' => '20230718013623_20220809115231_Kathmandu Valley.jpg', 'article_date' => '2023-07-18 13:35:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18489', 'article_category_id' => '1', 'title' => '154 Local Bodies Fail to Submit Details of Endorsement of their Budget ', 'sub_title' => '', 'summary' => 'July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the 'Budget Update of Local Levels for Fiscal Year 2080/81' prepared by the Ministry of Federal Affairs and General Administration, 20.45 per cent of the local levels are found 'without budget' as of 2.30 pm on Monday. The number of local levels that have passed their annual budgets until the announcement made by the ministry was 599. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry said the highest number of local levels not endorsing their budget until the start of the new fiscal year were from the Madhesh Province. Sixty-three local bodies of Madhes Province have not announced their budget. The lowest number of such local bodies is in Karnali Province. Only four local bodies in Karnali Province have not unveiled their budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-nine local bodies in Koshi Province, 24 in Bagmati Province, seven in Gandaki Province, 14 in Lumbini Province and 13 in Sudurpaschim Province have not provided information on the passage of their annual budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Assistant spokesperson at the Ministry of Federal Affairs and General Administration, Ashwin Kumar Pokharel said a high number of local bodies is seen not bringing their annual budget. Even the municipalities that have passed their budget have not entered information about it in the ministry's centralized system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Although many local bodies have passed the budget, they have not entered it in the portal," he said. The ministry's assistant spokesperson said a circular has been sent to all the local bodies that have not entered the information about their budget in the ministry's portal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry, on Sunday, sent letters to all local bodies and the District Coordination Committee, urging them to update information on the presentation of the annual budget for fiscal year 2023/24 BS and the passage of the budget by their respective municipal or rural municipal assembly. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18219', 'image' => '20230718021925_Budget.jpg', 'article_date' => '2023-07-18 12:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18488', 'article_category_id' => '1', 'title' => 'Foreign Ministers of BIMSTEC Member States' Discuss ways to Bolster Cooperation ', 'sub_title' => '', 'summary' => 'July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The leaders discussed matters related to energy cooperation, expansion of power transmission line, climate change, health and food security and technology, among others, Minister for Foreign Affairs Narayan Prakash Saud, who is attended the meeting, told the state-owned RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"In Bangkok, we the foreign ministers of BIMSTEC member states held fruitful discussions on strengthening mutual cooperation. The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </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 the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</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 the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </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 the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18494', 'article_category_id' => '1', 'title' => 'New Provision in Budget being Implemented from July 17 ', 'sub_title' => '', 'summary' => 'July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. With the implementation of the new budget from Monday, many previous arrangements have been changed.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The luxury tax arranged in the budget and the 5 percent tourism fee on foreign tour packages have also been implemented from Monday. Likewise, value added tax (VAT) has been imposed on airfares effective from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Finance Act 2080, it is mentioned that VAT on airfare must be registered and collected within 30 days from the date that the taxable amount exceeds the limit of Rs 2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Inland Revenue Department, air transport service providers should apply for registration for the Value Added Tax.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A 2 percent luxury tax has also been implemented on services provided by five-star hotels, restaurants and resorts as well as on luxury items worth more than Rs 1 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Imported liquor and diamond, pearl, stone-studded gold or precious metals, jewelery worth more than Rs 1 million are also taxed at the same rate. Likewise, a 5 percent tourism fee on foreign tour packages sold by travel agencies has also been levied from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 39 percent income tax has come into action for annual salary above Rs 5 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">From Monday, the Department of Customs has put into effect a new provision under which the name of the importers and distributors should be labeled on all imported goods. The department has implemented the provisions under sub-section (4) of section 18 of Schedule 1 of the Finance Act 2080.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the Finance Act 2080, the goods ready for import must be labeled with full details of the importer and market distributor before being sent for distribution in the market starting from July 17. For that, the department has already informed the stakeholders about how to label and what details to mention.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Raju Prasad Pyakurel, director of the department, said that action will be taken if goods are sold and distributed in the market without labeling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chief Secretary of the Government of Nepal Dr Baikuntha Aryal has instructed the secretaries of various ministries and agencies to work effectively in the implementation of the budget and the government’s policies and programs for the fiscal year 2023/23.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the first day of the new fiscal year, Aryal held discussions with the officials of various ministries at Singha Darbar. In the meeting, Chief Secretary Aryal said that there should be no compromise in formulation of plans and implementation as per the budget and policies and programs of the government. According to a secretary who attended the meeting, there was a discussion to determine the necessary plans to meet the target set by the government and pay attention to the arrears.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18224', 'image' => '20230718035349_1683767264.jpg', 'article_date' => '2023-07-18 15:52:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18493', 'article_category_id' => '1', 'title' => 'TVRS Implemented in 21 Districts from New Fiscal Year ', 'sub_title' => '', 'summary' => 'July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. The software keeps track of the names of the traffic rule violators, their vehicle numbers and the type of offense and all the record could be accessed by the division office in real time. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The TVRS was brought into effect from the first day of the new fiscal year 2023/24, said Spokesperson of Nepal Police Kuber Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kadayat shared that those districts were Sunsari, Jhapa, Morang, Siraha, Parsa, Mahottari, Sindhuli, Kavrepalanchowk, Makawanpur, Kaski, Tanahu and Nawalparashi (East). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Software is also in force in Rupandehi, Dang, Banke, Surkhet, Salyan, Dailekh, Kailali, Kanchanpur and Doti. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The implementation was part of the plan to connect the revenue collection through fine for the traffic violation offences to the banking system in the provincial level, shared Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The system is expected to facilitate traffic police in tracking the traffic rule violators without having to visit the division offices to collect the record while the service-seekers would be spared the trouble of reaching out to traffic offices to pay the fine and get back their seized documents. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18223', 'image' => '20230718022223_Nepal-Go_Pro-Police-John-Rae-_87A6164.jpg', 'article_date' => '2023-07-18 14:21:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18490', 'article_category_id' => '1', 'title' => 'Waste Management of Kathmandu Valley Disrupted due to Protest of Banchare Danda Locals', 'sub_title' => '', 'summary' => 'July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating locals have cited non-implementation of agreements reached with the Kathmandu Metropolitan City in the past as the reason for their protest. They claim that despite signing an agreement a year ago, the Kathmandu metropolis has failed to implement it. As a result, waste management from 18 local levels in the Kathmandu Valley has been disrupted. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhunibesi Municipality ward no 1 Chair Man Bahadur Tamang said the waste disposal has been halted from Monday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"It is not possible for humans to live together with waste. We demand either to manage waste in other areas or relocate the locals. If the problem remains unaddressed, frequent obstructions in waste disposal are very likely," said Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following the locals' protests, around 50 waste containers were stopped in between Sisdole and Banchare Danda. The locals accused the Kathmandu metropolis of cheating them in the name of agreements which also include the segregation of biodegradable and non-biodegradable waste and manage just degradable waste there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating people have accused the metropolis of not implementing the agreement when one year has already elapsed since its signing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, KMC infrastructure advisor Sunil Lamsal said the waste management is taking place as per the agreement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The locals' main demand is for acquisition of 3,000 ropanis of land around the waste disposal site which is not something that the KMC can accomplish singlehandedly. The KMC is in touch with the federal government regarding the matter," added Lamsal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Until last year, garbage collected from the 18 local levels in Kathmandu Valley was being managed at Sisdole. Then it was shifted to nearby Banchadare Danda landfill site bordering Nuwakot and Dhading districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18220', 'image' => '20230718013623_20220809115231_Kathmandu Valley.jpg', 'article_date' => '2023-07-18 13:35:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18489', 'article_category_id' => '1', 'title' => '154 Local Bodies Fail to Submit Details of Endorsement of their Budget ', 'sub_title' => '', 'summary' => 'July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the 'Budget Update of Local Levels for Fiscal Year 2080/81' prepared by the Ministry of Federal Affairs and General Administration, 20.45 per cent of the local levels are found 'without budget' as of 2.30 pm on Monday. The number of local levels that have passed their annual budgets until the announcement made by the ministry was 599. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry said the highest number of local levels not endorsing their budget until the start of the new fiscal year were from the Madhesh Province. Sixty-three local bodies of Madhes Province have not announced their budget. The lowest number of such local bodies is in Karnali Province. Only four local bodies in Karnali Province have not unveiled their budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-nine local bodies in Koshi Province, 24 in Bagmati Province, seven in Gandaki Province, 14 in Lumbini Province and 13 in Sudurpaschim Province have not provided information on the passage of their annual budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Assistant spokesperson at the Ministry of Federal Affairs and General Administration, Ashwin Kumar Pokharel said a high number of local bodies is seen not bringing their annual budget. Even the municipalities that have passed their budget have not entered information about it in the ministry's centralized system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Although many local bodies have passed the budget, they have not entered it in the portal," he said. The ministry's assistant spokesperson said a circular has been sent to all the local bodies that have not entered the information about their budget in the ministry's portal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry, on Sunday, sent letters to all local bodies and the District Coordination Committee, urging them to update information on the presentation of the annual budget for fiscal year 2023/24 BS and the passage of the budget by their respective municipal or rural municipal assembly. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18219', 'image' => '20230718021925_Budget.jpg', 'article_date' => '2023-07-18 12:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18488', 'article_category_id' => '1', 'title' => 'Foreign Ministers of BIMSTEC Member States' Discuss ways to Bolster Cooperation ', 'sub_title' => '', 'summary' => 'July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The leaders discussed matters related to energy cooperation, expansion of power transmission line, climate change, health and food security and technology, among others, Minister for Foreign Affairs Narayan Prakash Saud, who is attended the meeting, told the state-owned RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"In Bangkok, we the foreign ministers of BIMSTEC member states held fruitful discussions on strengthening mutual cooperation. The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </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 the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</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 the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </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 the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '18494', 'article_category_id' => '1', 'title' => 'New Provision in Budget being Implemented from July 17 ', 'sub_title' => '', 'summary' => 'July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 18: The budget announced by the government on May 29 is being implemented from the beginning of the new fiscal year on July 17. With the implementation of the new budget from Monday, many previous arrangements have been changed.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The luxury tax arranged in the budget and the 5 percent tourism fee on foreign tour packages have also been implemented from Monday. Likewise, value added tax (VAT) has been imposed on airfares effective from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In the Finance Act 2080, it is mentioned that VAT on airfare must be registered and collected within 30 days from the date that the taxable amount exceeds the limit of Rs 2 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Inland Revenue Department, air transport service providers should apply for registration for the Value Added Tax.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">A 2 percent luxury tax has also been implemented on services provided by five-star hotels, restaurants and resorts as well as on luxury items worth more than Rs 1 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Imported liquor and diamond, pearl, stone-studded gold or precious metals, jewelery worth more than Rs 1 million are also taxed at the same rate. Likewise, a 5 percent tourism fee on foreign tour packages sold by travel agencies has also been levied from Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 39 percent income tax has come into action for annual salary above Rs 5 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">From Monday, the Department of Customs has put into effect a new provision under which the name of the importers and distributors should be labeled on all imported goods. The department has implemented the provisions under sub-section (4) of section 18 of Schedule 1 of the Finance Act 2080.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As per the Finance Act 2080, the goods ready for import must be labeled with full details of the importer and market distributor before being sent for distribution in the market starting from July 17. For that, the department has already informed the stakeholders about how to label and what details to mention.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Raju Prasad Pyakurel, director of the department, said that action will be taken if goods are sold and distributed in the market without labeling. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chief Secretary of the Government of Nepal Dr Baikuntha Aryal has instructed the secretaries of various ministries and agencies to work effectively in the implementation of the budget and the government’s policies and programs for the fiscal year 2023/23.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">On the first day of the new fiscal year, Aryal held discussions with the officials of various ministries at Singha Darbar. In the meeting, Chief Secretary Aryal said that there should be no compromise in formulation of plans and implementation as per the budget and policies and programs of the government. According to a secretary who attended the meeting, there was a discussion to determine the necessary plans to meet the target set by the government and pay attention to the arrears.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18224', 'image' => '20230718035349_1683767264.jpg', 'article_date' => '2023-07-18 15:52:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18493', 'article_category_id' => '1', 'title' => 'TVRS Implemented in 21 Districts from New Fiscal Year ', 'sub_title' => '', 'summary' => 'July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Police have enforced the Traffic Violation Record Software (TVRS) in 21 districts effective from Monday. The software keeps track of the names of the traffic rule violators, their vehicle numbers and the type of offense and all the record could be accessed by the division office in real time. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The TVRS was brought into effect from the first day of the new fiscal year 2023/24, said Spokesperson of Nepal Police Kuber Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Kadayat shared that those districts were Sunsari, Jhapa, Morang, Siraha, Parsa, Mahottari, Sindhuli, Kavrepalanchowk, Makawanpur, Kaski, Tanahu and Nawalparashi (East). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the Software is also in force in Rupandehi, Dang, Banke, Surkhet, Salyan, Dailekh, Kailali, Kanchanpur and Doti. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The implementation was part of the plan to connect the revenue collection through fine for the traffic violation offences to the banking system in the provincial level, shared Kadayat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The system is expected to facilitate traffic police in tracking the traffic rule violators without having to visit the division offices to collect the record while the service-seekers would be spared the trouble of reaching out to traffic offices to pay the fine and get back their seized documents. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-19', 'keywords' => '', 'description' => '', 'sortorder' => '18223', 'image' => '20230718022223_Nepal-Go_Pro-Police-John-Rae-_87A6164.jpg', 'article_date' => '2023-07-18 14:21:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18490', 'article_category_id' => '1', 'title' => 'Waste Management of Kathmandu Valley Disrupted due to Protest of Banchare Danda Locals', 'sub_title' => '', 'summary' => 'July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The Kathmandu Valley is once again facing challenges for the waste management as the locals of Kakani Rural Municipality in Nuwakot and Dhunibesi Municipality in Dhading have obstructed the transportation of waste containers to Banchare Danda, the landfill site of the valley’s garbage. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating locals have cited non-implementation of agreements reached with the Kathmandu Metropolitan City in the past as the reason for their protest. They claim that despite signing an agreement a year ago, the Kathmandu metropolis has failed to implement it. As a result, waste management from 18 local levels in the Kathmandu Valley has been disrupted. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhunibesi Municipality ward no 1 Chair Man Bahadur Tamang said the waste disposal has been halted from Monday. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"It is not possible for humans to live together with waste. We demand either to manage waste in other areas or relocate the locals. If the problem remains unaddressed, frequent obstructions in waste disposal are very likely," said Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Following the locals' protests, around 50 waste containers were stopped in between Sisdole and Banchare Danda. The locals accused the Kathmandu metropolis of cheating them in the name of agreements which also include the segregation of biodegradable and non-biodegradable waste and manage just degradable waste there. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agitating people have accused the metropolis of not implementing the agreement when one year has already elapsed since its signing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">However, KMC infrastructure advisor Sunil Lamsal said the waste management is taking place as per the agreement. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"The locals' main demand is for acquisition of 3,000 ropanis of land around the waste disposal site which is not something that the KMC can accomplish singlehandedly. The KMC is in touch with the federal government regarding the matter," added Lamsal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Until last year, garbage collected from the 18 local levels in Kathmandu Valley was being managed at Sisdole. Then it was shifted to nearby Banchadare Danda landfill site bordering Nuwakot and Dhading districts. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18220', 'image' => '20230718013623_20220809115231_Kathmandu Valley.jpg', 'article_date' => '2023-07-18 13:35:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18489', 'article_category_id' => '1', 'title' => '154 Local Bodies Fail to Submit Details of Endorsement of their Budget ', 'sub_title' => '', 'summary' => 'July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: One hundred and fifty-four local bodies have not yet submitted the particulars of endorsement of their annual budget even after the start of the new fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the 'Budget Update of Local Levels for Fiscal Year 2080/81' prepared by the Ministry of Federal Affairs and General Administration, 20.45 per cent of the local levels are found 'without budget' as of 2.30 pm on Monday. The number of local levels that have passed their annual budgets until the announcement made by the ministry was 599. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry said the highest number of local levels not endorsing their budget until the start of the new fiscal year were from the Madhesh Province. Sixty-three local bodies of Madhes Province have not announced their budget. The lowest number of such local bodies is in Karnali Province. Only four local bodies in Karnali Province have not unveiled their budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Twenty-nine local bodies in Koshi Province, 24 in Bagmati Province, seven in Gandaki Province, 14 in Lumbini Province and 13 in Sudurpaschim Province have not provided information on the passage of their annual budget. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Assistant spokesperson at the Ministry of Federal Affairs and General Administration, Ashwin Kumar Pokharel said a high number of local bodies is seen not bringing their annual budget. Even the municipalities that have passed their budget have not entered information about it in the ministry's centralized system. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Although many local bodies have passed the budget, they have not entered it in the portal," he said. The ministry's assistant spokesperson said a circular has been sent to all the local bodies that have not entered the information about their budget in the ministry's portal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ministry, on Sunday, sent letters to all local bodies and the District Coordination Committee, urging them to update information on the presentation of the annual budget for fiscal year 2023/24 BS and the passage of the budget by their respective municipal or rural municipal assembly. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18219', 'image' => '20230718021925_Budget.jpg', 'article_date' => '2023-07-18 12:41:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18488', 'article_category_id' => '1', 'title' => 'Foreign Ministers of BIMSTEC Member States' Discuss ways to Bolster Cooperation ', 'sub_title' => '', 'summary' => 'July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: The foreign ministers of BIMSTEC member nations discussed ways of consolidating cooperation within the regional organization during the BIMSTEC foreign ministers' meet in Bangkok, Thailand on Monday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The leaders discussed matters related to energy cooperation, expansion of power transmission line, climate change, health and food security and technology, among others, Minister for Foreign Affairs Narayan Prakash Saud, who is attended the meeting, told the state-owned RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"In Bangkok, we the foreign ministers of BIMSTEC member states held fruitful discussions on strengthening mutual cooperation. The major areas of our discussion were energy, expansion of transmission line, climate change, health and food security and technology," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister Saud left here for Bangkok on Sunday to attend the BIMSTEC Foreign Ministers’ Retreat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal, India, Bhutan, Bangladesh, Sri Lanka, Thailand and Myanmar are the members of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Foreign Minister Saud also held a 'sideline' meeting with his Indian counterpart S Jaishankar in Bangkok on Monday, the Ministry of Foreign Affairs said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to RSS, Foreign Minister Saud will return to Kathmandu today (July 18). </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18218', 'image' => '20230718115729_bimstec.jpg', 'article_date' => '2023-07-18 11:56:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18487', 'article_category_id' => '1', 'title' => 'Banking Offense Up by Two Folds in Kathmandu: Police', 'sub_title' => '7,101 Cases of Banking Offense in Kathmandu Registered in Last FY ', 'summary' => 'July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 18: Incidents of banking offense have been rising alarmingly in Kathmandu district lately. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 7,101 cases of banking offense were recorded in the last fiscal year (FY 2022/23) against 3,715 in FY 2021/22. The District Police Range, Kathmandu shared this information amif a press conference on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Dan Bahadur Karki, chief of District Police Range Kathmandu, said that the banking offence cases have increased in Kathmandu by nearly two folds over the past two years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, there has been a surge in the cases of theft in the district, said SSP Karki, informing that 647 cases of thefts were recorded in the last fiscal year against 368 in the fiscal year 2021/22. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cases of murders have, however, decreased from 37 in the fiscal year 2021/22 to 27 in the fiscal year 2022/23, according to the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, a total of 368 cases related to the abuse of narcotic drugs or illegal sales and distribution of the narcotic drugs were registered within Kathmandu in the last fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police data showed that 341 cases of suicide were recorded in the same period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSP Karki admitted that the police have not been able to deliver optimally in combating crime and criminal activities since many of the CCTV cameras, considered an important tool in crime investigation, installed in Kathmandu were malfunctioning presently. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the 1,077 CCTV cameras installed in the places under the scope of the District Police Range, Kathmandu, only 532 are operative at present, it was shared during the press conference. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18217', 'image' => '20230718111658_banking-offence -800.jpg', 'article_date' => '2023-07-18 11:16:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18486', 'article_category_id' => '1', 'title' => 'Luxury Tax on High-end Hotels and Precious Metals Comes into Force', 'sub_title' => '', 'summary' => 'The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: The government has implemented a two percent luxury tax on specific services and goods. This decision, announced in the budget for the fiscal year 2023-24 presented on May 29, has now come into effect from July 17.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The luxury tax will be applicable to high-end hotels and resorts offering services and imported liquors and precious metals.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Four and five-star hotels and resorts will now charge an additional two percent to their clients for the services provided, starting from mid-July.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The tax will be imposed on precious metal and stone ornaments, including gold, diamonds, pearls, and gems, valued at over Rs 1 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For imported alcoholic products, the tax will be levied at the customs point during transportation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to pay the luxury tax will result in the tax amount being recovered along with a 15 percent annual interest rate. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, individuals or entities responsible for paying the luxury tax are required to submit a statement related to the tax. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Failure to submit the statement will result in a fine of 2.5 percent annually until the details are provided.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The implementation of the luxury tax aims to generate revenue for the government and regulate the luxury goods and services sector.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18216', 'image' => '20230718060648_collage (6).jpg', 'article_date' => '2023-07-18 06:03:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18485', 'article_category_id' => '1', 'title' => 'Nepal Airlines Corporation Pays Rs 830.95 Million to EPF, CIT', 'sub_title' => '', 'summary' => 'Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 18: Nepal Airlines Corporation (NAC) has made a payment of Rs 830.95 million to the Employees Provident Fund (EPF) and Citizen Investment Trust (CIT). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The payment was made as the loan installment for the last month of the previous fiscal year. The loan was originally taken from EPF and CIT to acquire two narrow-body and two wide-body aircrafts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In addition to this recent payment, NAC had previously paid Rs 2.94 billion in installment amounts between June 15, 2022, and April 13, 2023. This payment covered a period of almost 11 months.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC's press release stated that the corporation has experienced business expansion and improvement in its income compared to previous years. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides repaying the EPF and CIT loans, NAC has also settled arrears with various agencies. The corporation continues to make installment payments to EPF and CIT.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NAC has further revealed that an action plan has been initiated to procure three small-size aircraft using its internal resources. The objective behind this plan is to provide services in remote areas, considering the immediate need.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-18', 'modified' => '2023-07-18', 'keywords' => '', 'description' => '', 'sortorder' => '18215', 'image' => '20230718054513_collage (4).jpg', 'article_date' => '2023-07-18 05:43:44', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18484', 'article_category_id' => '1', 'title' => 'DoTM Reduces Public Transport Fare by Three Percent ', 'sub_title' => '', 'summary' => 'July 17: The government has revised the public transportation fares after the prices of petroleum produced declined.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 17: The government has revised the public transportation fares after the prices of petroleum produced declined. The Department of Transport Management (DoTM) has reduced the fares by around three percent with a fall in the prices of petroleum products. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The fares were adjusted as per the 'automatic pricing system' that has been in force since March 31, 2022. The DoTM said that the revised price has come into effect from Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DoTM took this decision after the price of diesel fell by Rs 4 per liter and petrol by Rs 6 per liter on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to DoTM, the fare of passenger vehicles has been reduced by 2.13 percent and cargo containers by 2.78 in the hills and 3.09 in the Terai.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoTM’s Director General Narayan Prasad Bhattarai told the state-owned RSS that the Transport Management Office and the Traffic Police Division will monitor the implementation of the revised fares list. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Physical Infrastructure and Transport, Prakash Jwala, said new provision was made in regard with the working procedures related to the scientific fare adjustment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the automatic pricing mechanism, the adjustment in fare is required when there is a fall or rise in the price of petroleum products exceeding five percent. </span></span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18214', 'image' => '20230717073249_20220518063257_TransportMCC.jpg', 'article_date' => '2023-07-17 19:31:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18483', 'article_category_id' => '1', 'title' => 'Domestic Airfares Go Up as VAT is Implemented', 'sub_title' => '', 'summary' => 'Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Domestic airline companies in Nepal have introduced the inclusion of value-added tax (VAT) on their services starting from Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Airlines Operators Association of Nepal released a press statement to inform the public about their decision, aligning with the budget for the current fiscal year 2023-24.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">As a result of this VAT implementation, domestic airfares have risen by up to six percent. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Passengers will now experience a slight increase in the costs of domestic air travel due to the inclusion of VAT.</span></span></p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18213', 'image' => '20230717053202_collage (8).jpg', 'article_date' => '2023-07-17 17:30:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '18482', 'article_category_id' => '1', 'title' => 'Laxmi Premium Motors Launches BMW iX3 Electric SAV in Nepal', 'sub_title' => '', 'summary' => 'Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: Laxmi Premium Motors, the exclusive importer and distributor of BMW vehicles in Nepal, has unveiled the highly anticipated BMW iX3 Electric SAV (Sports Activity Vehicle) in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This move marks a significant step in Nepal's automotive industry and highlights BMW's commitment to sustainable mobility.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3 comes equipped with an impressive gross high-voltage battery capacity of 80 kWh, providing a range of up to 460 kilometers in a WLTP cycle.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Charging the battery from 0 to 80 percent takes approximately 34 minutes using a 150 kW DC fast charger, setting a new industry benchmark. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The vehicle's rear-wheel drive motor, powered by Gen 5.0 eDrive Technology, delivers a remarkable 210 kW of power and a maximum torque of 400 Nm, ensuring an exhilarating driving experience.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">To enhance the overall driving pleasure, the BMW iX3 features the Harmon Kardon Surround system with 16 speakers, delivering an exceptional sound experience. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The panoramic glass roof adds a touch of luxury while offering a wide view of the sky. Seamless wireless smartphone integration, supporting both Apple CarPlay and Android Auto, allows for effortless connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The BMW iX3's stylish design is complemented by 20-inch M Aerodynamic wheels, elevating its aesthetic appeal. As a pioneer of innovation, BMW has meticulously crafted every aspect of the vehicle to create a sustainable ecosystem, aiming to reduce its environmental impact while providing exceptional driving experiences.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company's dedication to sustainability is evident in the selection of renewable resources and the implementation of energy-efficient systems, highlighting their commitment to a greener future.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">With its outstanding performance and environmental consciousness, the BMW iX3 Electric SAV sets new standards for electric vehicles. Laxmi Premium Motors, which established a world-class sales and service setup in Kathmandu in 2020, currently offers a range of BMW models.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The introduction of the BMW iX3 is expected to strengthen the company's presence in the premium electric vehicle segment in Nepal, further contributing to a cleaner and greener future.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18212', 'image' => '20230717045253_collage (7).jpg', 'article_date' => '2023-07-17 16:50:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '18481', 'article_category_id' => '1', 'title' => 'Government Spends Around 80 Percent of Budget in the Last Fiscal Year', 'sub_title' => '', 'summary' => 'In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 17: In the fiscal year 2022/23, the federal government of Nepal has spent approximately 80 percent of the planned annual budget. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government had allocated a budget of Rs 1783 billion 736.3 million for the last fiscal year. As the fiscal year draws to a close, public spending has accounted for 79.69 percent, equivalent to Rs 1429 billion 564 million, according to the Financial Comptroller General Office.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The breakdown of public spending reveals that 85 percent of the recurrent budget, 61 percent of the capitalized budget, and 82.58 percent of financial management expenditures were utilized.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Under the recurrent budget heading, out of the allocated budget of around Rs 1183 billion, Rs 1005 billion 760 million was spent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Under the capital expenditure category, Rs 233 billion 696 million was utilized out of the allocated budget of Rs 380 billion 384.5 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The FCGO data further discloses that Rs 190 billion 108.7 million was spent out of Rs 230 billion 217.7 million allocated for financial management.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, the government's revenue collection fell short of the planned budget expenses, with only 71 percent of the target being achieved. Consequently, a budget deficit of Rs 397 billion 872 million was recorded.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18211', 'image' => '20230717043349_collage (6).jpg', 'article_date' => '2023-07-17 16:29:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '18480', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Petroleum Products', 'sub_title' => '', 'summary' => 'Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">July 17: Nepal Oil Corporation(NOC) has implemented an automatic pricing system for petroleum products. The board meeting of the NOC held on Sunday passed the Automatic Pricing Procedure 2080. </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 the meeting of the Board of Directors, the corporation will not keep any profit on cooking gas (LPG). The board has decided to sell diesel with a profit margin of 2% and petrol with a profit margin 2.5%. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of petroleum products was slashed as per the automatic pricing system as the Indian Oil Corporation has sent the price list with price adjustment.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The corporation has reduced the price of petrol by Rs 6 per liter. Starting from Sunday midnight, petrol will be available in Kathmandu at Rs 164 per liter. However, in the districts of Tarai and Inner Madhes, petrol will be priced at Rs 161.50 and Rs 163, respectively.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of diesel and kerosene has been reduced by Rs 4 per liter. According to the new prices, one liter of diesel/kerosene will be available in Kathmandu at Rs 146. In the districts of Tarai, the price of both fuels will be available at Rs 143.50, and in Inner Madhes, it will be Rs 145.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The price of cooking gas has been reduced by Rs 10 per cylinder, and fixed at Rs 1,790.</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 the Chairman of Board of Directors at Nepal Oil Corporations and Secretary at the Ministry of Commerce and Supplies, Madhukumar Marasini, after the implementation of the automatic pricing system, when the cost increases, the selling price also increases, and when the cost decreases, the selling price decreases. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The Executive Director of the Corporation, Umesh Prasad Thani, however, said that price of aviation fuel will not be automatically adjusted. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">According to him, the price of aviation fuel will be determined by the NOC Board of Directors. </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 the NOC, petrol will be cheaper in Birgunj than in Raxaul, India, by Rs 13.27 per liter. Kerosene and diesel will be cheaper by Rs 9.94 per liter.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-17', 'modified' => '2023-07-17', 'keywords' => '', 'description' => '', 'sortorder' => '18210', 'image' => '20230717060044_collage (3).jpg', 'article_date' => '2023-07-17 05:58:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '18479', 'article_category_id' => '1', 'title' => 'NEPSE Bids Farewell to Fiscal year 2022-2023 on a Positive Note ', 'sub_title' => '', 'summary' => 'On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 16: On the last trading day of the current fiscal year 2022/23, the Nepal Stock Exchange(NEPSE) witnessed a rise of 12.16 points or 0.58 percent and ended on the positive note on Sunday(today).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEPSE Index closed at 2097.09. Despite rise of the index, transaction amount, however, slumped. The index recorded the transaction amount of Rs 2.37 billion today against the total transaction of Rs 3.39 billion yesterday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A total of 7,184,254 shares of 286 companies were traded, amounting to Rs 2.37 billion. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The sensitive index experienced a growth of 0.74 per cent and float Index rose 0.63 percent, while Sensitive Float Index increased by 0.85 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sunrise Focused Equity Fund(SFEF) experienced the highest growth in unit price, increasing by 10 percent and technically hit the positive circuit, while NIBL GF rose by 9.92 percent.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Likewise, Liberty Energy Company's shares lost the most. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Shares of the Shivam Cements Limited traded the most in terms of transaction amount closing at the price of Rs 651.50 per share. Total transaction amount of the SHIVM stood at Rs 19.31 crocres.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the 13 sub-indices, the index of five groups decreased, while the rest of the sub-indices increased during today’s trading. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Out of the total sectoral indices, Mutual Fund Group reported the rise of 2.06% , while Hydropower sector the highest decline of 0.73%.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18209', 'image' => '20230716050141_collage (3).jpg', 'article_date' => '2023-07-16 16:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '18478', 'article_category_id' => '1', 'title' => 'President Ram Chandra Paudel Certifies Three Bills Related to Budget ', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has officially certified three bills related to the budget.', 'content' => '<p>July 17: President Ramchandra Paudel has officially certified three bills related to the budget.</p> <p>The bills, namely the Appropriation Bill, 2080; the Finance Bill, 2080; and the Bill to Raise National Debt, 2080, were given assent by the President.</p> <p>This action comes after the bills were passed by the Federal Parliament and presented to the President for approval.</p> <p>Shailaja Regmi Bhattarai, the spokesperson for the Office of the President, confirmed that the President certified three bills in accordance with Article 113 (1) of the Constitution of Nepal. </p> ', 'published' => true, 'created' => '2023-07-16', 'modified' => '2023-07-16', 'keywords' => '', 'description' => '', 'sortorder' => '18208', 'image' => '20230716044618_collage (1).jpg', 'article_date' => '2023-07-16 16:42:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
