July 11: Police have busted a racket involved in using Nepali migrant workers to smuggle gold into the country.…
July 11: Police have busted a racket involved in using Nepali migrant workers to smuggle gold into the country.…
July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today.…
July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation.…
…
A total of 419 individuals have lost their lives due to lightning strikes over the past five years. Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority…
Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's…
July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police…
July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center,…
July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship…
July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous…
July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year…
July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB).…
July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July…
July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank…
July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic…
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 11: Police have busted a racket involved in using Nepali migrant workers to smuggle gold into the country. A police squad from the Kathmandu Valley Crime Investigation Office arrested 12 people on the charge of smuggling gold from abroad and made them public on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Those arrested are 25-year-old Ramdev Mahara of Mithila Bihari Municipality-5 of Dhanusha, 24-year-old Dharmadev Yadav of Sirha Municipality-17 of Sirha and 23-year-old Dharma Prasad Murau of Suddhodhan Municipality-6 of Kapilvastu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 34-year-old Naresh Panjiar of Janakpurdham-5 of Dhanusha, 36-year-old Lal Bahadur Wali of Rapti Sonari-5 of Banke, 27-year-old Kisunlal Sahu Teli of Balambihu-2 of Saptari, 35-year-old Vinod Kumar Shah and 22-year-old Asharam Yadav of the same municipality were also arrested by the police and made public during a press conference.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Sanju Kumari Shah, Durga Prasad Yadav and Devanand Shah are among those arrested while collecting gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Police have also arrested Mohan Kumar Yadav of Siraha in connection with the case. It has been revealed that he was depositing and withdrawing money from Shiva Sundar Raut's account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The head of Kathmandu Valley Crime Investigation Office and Senior Superintendent of Police Manoj Kumar KC said that Shiva Sunder Raut, the owner of Ritesh General Store in Siraha was involved in bringing illegal gold through immigrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, it has been revealed that Shiva Sundar has been mobilizing people who are employed abroad for a long time to bring illegal gold. Bank details obtained by the police show that his account had transactions worth Rs 1.96 billion since 2019.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The police informed during the press conference that Shiva Sundar Raut was arrested from Siraha, and Vinod Kumar Shah who was operating the Hotel Himalayan Spire in Sinamangal was also arrested by the police.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the police, the smugglers were offered Rs 5,000 to 10,000 or free accommodation in hotels for smuggling the gold. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">SSP KC shared that 828 grams of gold was recovered from five people. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18157', 'image' => '20230711014403_goldee.jpg', 'article_date' => '2023-07-11 13:41:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18426', 'article_category_id' => '1', 'title' => 'Manang Air Helicopter Missing since 10 AM this Morning ', 'sub_title' => '', 'summary' => 'July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. The chopper was en route to Kathmandu from Solukhumbu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Tribhuvan International Airport (TIA) Spokesperson Teknath Sitaula, the helicopter with the call sign 9NA-MV had taken off from Surkhe of Solukhumbu for Kathamandu carrying six passengers. </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"">"TIA is informed about the chopper losing the contact since it arrived near Lamjura pass. The crew sent its last message saying 'Hello' on Viber from Lamjura pass. The search for the helicopter continues," said Sitaula. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18156', 'image' => '20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-11 12:10:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18425', 'article_category_id' => '1', 'title' => 'Hetauda-Bharatpur Transmission Line comes into Operation ', 'sub_title' => '', 'summary' => 'July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. This transmission line is considered important for the smooth supply of power to Makawanpur and Chitwan, among other districts. The Hetauda-Bharatpur section is part of the Hetauda-Bharatpur-Bardaghat Transmission Line Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Electricity Authority (NEA) has brought the 73 kilometres long circuit of 220 kV double-circuit transmission line into operation, charging it in the 132 kV for the time-being. </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"">Around 170 megawatts power can be transmitted to and fro Hetauda and Bharatpur with the operation of the Hetauda-Bharatpur section of the transmission line. Only 90 megawatts power was being transmitted to and from Hetauda and Bharatpur from the existing old 132 kV transmission line. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Hetauda-Bharatpur-Bardaghat Transmission Line Project was set up with the aim of strengthening and making reliable the transmission lines within Nepal and for transmitting the power generated from hydropower projects constructed in the western region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project was initiated in 2008 with the investment of Government of Nepal and NEA, and with concessional loan from the World Bank. Construction works had been started dividing the Project into two sections – Hetauda-Bharatpur and Bharatpur-Bardaghat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the project was affected due to various reasons such as obstruction by the locals, problem in land acquisition, delays related to the use of forest land and cutting down trees and the poor performance of the construction company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the World Bank withdrew from the project in 2021, the government and NEA has been undertaking the remaining works with their joint investment. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18155', 'image' => '20230711111542_Transmission.jpg', 'article_date' => '2023-07-11 11:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18423', 'article_category_id' => '1', 'title' => 'Nepali Citizens Spend more Money in Foreign Trips than the Country Earns from Tourists', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px">July 10: Nepali citizens spent over Rs 119.99 billion on foreign travel in the first eleven months of the current fiscal year (FY 2022-23), according to the latest report of Nepal Rastra Bank (NRB).</span></p> <p><span style="font-size:18px">The Current Macroeconomic and Financial Situation Report released by the NRB on Monday shows that the travel expenses of Nepali nationals increased by 37.9 percent to climb to Rs 119.99 billion, including Rs 89.18 billion for education during the eleven months of the current fiscal year.</span></p> <p><span style="font-size:18px">Such expenses were Rs 87.03 billion and Rs 59.99 billion respectively in the same period of the previous year. <br /> Meantime, in the review period, Nepal’s travel income amounted to Rs 58.06 billion following a 94.3 percent rise compared to the corresponding period of last fiscal year. The figure was Rs 29.88 billion last year. </span></p> <p><span style="font-size:18px">It means that Nepalis spend more on foreign visits than the country earns from foreign tourists. The total amount spent by Nepalis for higher education abroad (Rs 89.18 billion) is much more than Rs 58.06 billion which the country generated from tourists. </span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18153', 'image' => '20230711094616_20230710094027_20220717011757_20220426100813_1650929561.Clipboard19.jpg', 'article_date' => '2023-07-11 09:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18422', 'article_category_id' => '1', 'title' => '419 People Lose Lives to Lightning Strikes in Five Years', 'sub_title' => '', 'summary' => 'A total of 419 individuals have lost their lives due to lightning strikes over the past five years. Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 11: A total of 419 individuals have lost their lives due to lightning strikes over the past five years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the provinces, Koshi Province recorded the highest number of fatalities, with 108 deaths caused by lightning strikes. Lumbini Province follows closely with 76 deaths, while Madhes Province witnessed 69 deaths. Bagmati Province reported 62 fatalities, Sudurpaschim Province had 43, Gandaki Province had 36, and Karnali Province experienced 25 deaths.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Three thousand one hundred and eighty seven domestic animals were killed in the disaster, and 57 physical infrastructures have been damaged, according to NDRRMA. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18152', 'image' => '20230711062447_collage (7).jpg', 'article_date' => '2023-07-11 06:22:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18421', 'article_category_id' => '1', 'title' => 'Second Phase of Economic Reforms Commences, Says Minister Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt"> July 11: Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Speaking to the media in Kathmandu on Monday, Minister Mahat expressed optimism about the nation's economic improvement and emphasized that the budget for the fiscal year 2023/24, along with accompanying plans and programs, will usher in positive momentum for the economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">"The new budget is designed to steer the economy back on track, marking the beginning of the second phase of reforms. We must accelerate these reform efforts," Dr. Mahat stated.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">The initial stage of economic reforms was initiated in the early 1980s with the introduction of economic liberalization and an open market in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Additionally, the Finance Minister highlighted positive signs in the economy, such as an increase in foreign exchange reserves and advancements in the tourism industry. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">He further anticipated a potential reduction in bank interest rates, citing the upcoming monetary policy to be issued by the Nepal Rastra Bank for the upcoming fiscal year. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18151', 'image' => '20230711060454_collage (6).jpg', 'article_date' => '2023-07-11 06:03:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18418', 'article_category_id' => '1', 'title' => '178 People Killed in Road Accidents in Kathmandu Valley in 11 Months ', 'sub_title' => '', 'summary' => 'July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 242 people were seriously injured, and 7,363 sustained minor injuries in those accidents in the valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ninety three of them died in motorcycle and scooter accidents while 56 victims were pedestrians. More than half of the deceased (35 men and 43 women) were of the 17-35 age group. Negligence of the drivers, over speeding, drink-driving, overtaking, bad weather and other technical problems have been blamed for the accidents. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18149', 'image' => '20230710093218_20220927120743_Kathmandu Valley.jpg', 'article_date' => '2023-07-10 21:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18420', 'article_category_id' => '1', 'title' => 'Earthquake jolts Sindhupalchok ', 'sub_title' => '', 'summary' => 'July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, an earthquake with magnitude 4 on the Richter scale with its epicentre near Bhalayakharka of Lamjung was recorded on June 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earthquake tremors epicentred in places of the mountainous and hill regions of eastern and western parts of the country have become recurrent of late. The mountainous and hill region of Nepal is considered vulnerable to earthquakes. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18148', 'image' => '20230710094324_20221228113133_quake.jpg', 'article_date' => '2023-07-10 21:42:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18417', 'article_category_id' => '1', 'title' => 'Coca-Cola Empowers Young Women Entrepreneurs through Saksham Accelerator and Mentorship Program', 'sub_title' => '', 'summary' => 'July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a recent press statement, international soft drink brand said this program is a pivotal component of Coca-Cola Nepal's Women Empowerment Program, Saksham, and aims to provide comprehensive support and guidance to women startups and potential start-ups in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Coca-Cola, the Young Women Entrepreneurs Accelerator and Mentorship Program received an overwhelming response from enthusiastic women entrepreneurs from across Kathmandu, Pokhara, and Chitwan when the applications were opened in April 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the impressive pool of applicants, eight exceptional finalists were carefully selected based on their innovative ideas and potential for success, adds the statements. The finalists were Brinda Dewan of Kehikrafts, Menuka Gurung of Duluwa Outdoors, Prakriti Basyal of South and Southeast Project, Rashi Maharjan of Learners Room: A path to wisdom, Rozina Baral of Search It, Sarala Maharjan of Bio-Enzymes, Shanti Rai of Greenspace Nepal and Yaju Maharjan of Swachha Mahinawari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To kick start the program, an orientation session was held on June 11, 2023, providing the finalists with valuable insights into the journey ahead, according to the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Since then, a series of expert sessions have been organized to equip the participants with the necessary skills and knowledge to thrive in their entrepreneurial endeavors,” reads the statement, adding, “The finalists have had the privilege of attending sessions led by esteemed professionals and mentors, covering essential topics such as gender and women's rights, feminism and leadership, legal processes, climate change, marketing strategy, access to finance and banking, digital marketing, profitable presentation techniques, and design thinking.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Avasthi, country director of Nepal for Coca Cola said that the program underscores the company’s unwavering dedication to fostering gender equality and empowering women in Nepal's dynamic entrepreneurial landscape.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“By offering comprehensive support and guidance to these aspiring young women entrepreneurs, we aim to create a sustainable ecosystem that not only propels their success but also contributes significantly to the overall development of Nepal's economy," the statement quoted Avasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement added that the finalists have had the unique opportunity to engage with and learn from successful women entrepreneurs in Nepal throughout the program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Esteemed guest speakers, including Prasanna Basnet (co-founder of Cotton Mill Nepal), Haushala Thapa Gurung (Haushala Creatives), Dr Manu Karki (Eco Sathi Nepal), and Sujata Shrestha (Ghaghar and M&S) shared their inspiring stories and insights, further motivating and empowering the young women on their entrepreneurial journeys.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Madhurima Bhadra, a gender, leadership and public health expert, says that there are limited opportunities for marginalized people, especially non-binary persons and sex workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“I am so excited to be watching these young women already thinking about this special group of people and planning to provide opportunities for them in an all-inclusive environment," she said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement released by Coca-Cola, the finalists are now in the final stages of preparation for their ultimate pitch after weeks of intensive training and mentorship.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Their innovative ideas and business plans will be presented before a distinguished jury comprising three accomplished professionals in August, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the top three participants will be awarded a cash prize of Rs 100,000 each, providing them with a significant boost to accelerate their ventures and to reach closer to their goals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are incredibly excited to witness the remarkable progress and determined enthusiasm displayed by the participants of the Young Women Entrepreneurs Accelerator and Mentorship Program. Our commitment to empowering women in Nepal drives us to continue training an additional 1000+ women through this program this year. Saksham, reinforces our belief in the potential and resilience of Nepalese women, and we look forward to accelerating more women’s entrepreneurial journey," says Deepak Senthil Nath, managing director of Bottlers Nepal that produces Coca-Cola in the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18147', 'image' => '20230710062915_Group Photo - Copy.jpg', 'article_date' => '2023-07-10 18:28:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18416', 'article_category_id' => '1', 'title' => 'Balance of Payments at a Surplus of Rs 228 Billion', 'sub_title' => '', 'summary' => 'July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.', 'content' => '<p><span style="font-size:18px">July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the BOP in terms of the US dollar remained at a surplus of 1.74 billion in the review period against a deficit of 2.26 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">Likewise, the current account remained at a deficit of Rs 69.40 billion in the review period compared to a deficit of Rs 592.14 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px"> In the US dollar terms, the current account registered a deficit of 536.1 million compared to a deficit of 4.93 billion in the same period last year.</span></p> <p><span style="font-size:18px">In the review period, capital transfer decreased 22.5 percent to Rs 7.35 billion and net foreign direct investment (FDI) recorded Rs 4.65 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 9.49 billion and Rs 17.35 billion respectively.</span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18146', 'image' => '20230710061516_20230710030842_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-07-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18414', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Drops to 6.83 Percent: NRB Report', 'sub_title' => '', 'summary' => 'July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the latest report of Nepal Rastra Bank (NRB), the food and beverage inflation stood at 5.66 percent whereas non-food and service inflation rose to 7.76 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of spices sub-category increased 35.29 percent, restaurant and hotel 14.36 percent, cereal grains and their products 13.06 percent, milk products and eggs 10.98 percent and tobacco products 8.49 percent while the y-o-y price index of ghee and oil sub-category decreased 16.60 percent, states the Current Macroeconomic and Financial Situation Report of the first 11 months of the current fiscal year published by NRB on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, the y-o-y price index of recreation and culture sub-category increased 15.75 percent, education 10.56 percent, miscellaneous goods and services 9.33 percent, housing and utilities 8.41 percent and furnishing and household equipment 7.83 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley, Terai, hill and mountain areas surged to 7.19 percent, 6.93 percent, 6.28 percent and 6.39 percent respectively. Inflation in these regions were 8.32 percent, 8.29 percent, 9.28 percent and 8.92 percent respectively a year ago, added the report.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18144', 'image' => '20230710030747_Inflation1.jpg', 'article_date' => '2023-07-10 15:07:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18413', 'article_category_id' => '1', 'title' => 'Trade Deficit Declines by 15 Percent', 'sub_title' => '', 'summary' => 'July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). Such a deficit had increased 25 percent in the corresponding period of the previous year, states the Current Macroeconomic and Financial Situation Report published by NRB on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio decreased to 9.7 percent in the review period from 10.5 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports from India by paying convertible foreign currency amounted Rs 138.47 billion. Such amount was Rs 200.88 billion in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, the overall merchandise exports decreased 22.7 percent to Rs 143.59 billion against an increase of 53.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 32.2 percent whereas exports to China and other countries increased 106.7 percent and 9.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, cardamom, woolen carpets, readymade garments, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports decreased by 16 percent to Rs 1480.98 billion against an increase of 27.5 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India, China and other countries decreased 14.8 percent, 17.1 percent and 18.5 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of chemical fertilizer, sponge iron, gold, paper, other stationeries, among others, increased whereas imports of transport equipment and parts, MS billet, medicine, crude soybean oil, other machinery and parts, among others, decreased in the review period. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18143', 'image' => '20230710030630_Trade.jpg', 'article_date' => '2023-07-10 15:05:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18412', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Exchange Reserves Increases to Rs 1480 Billion', 'sub_title' => 'Foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months', 'summary' => 'July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the gross foreign exchange reserves in terms of the US dollar increased 18.5 percent to 11.30 billion in mid-June 2023 from 9.54 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 25.1 percent to Rs 1321.25 billion in mid-June 2023 from Rs 1056.39 billion in mid-July 2022, added the report. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, the reserves held by banks and financial institutions (except NRB) increased 0.1 percent to Rs 159.63 billion in mid-June 2023 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-June 2023. Foreign </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of eleven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months and merchandise and services imports of 9.6 months. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report states that the ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 27.5 percent, 80.3 percent and 25.0 percent respectively in mid-June 2023. Such ratios were 24.6 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18142', 'image' => '20230710020950_dollar.jpg', 'article_date' => '2023-07-10 14:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18411', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 22.7 Percent in Current Fiscal ', 'sub_title' => '', 'summary' => 'July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).</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"">Unveiling the Current Macroeconomic and Financial Situation Report based on the eleven months of the fiscal year 2022/23, the central bank said inflow of remittance increased by 22.7 percent to reach Rs 1112.52 billion in the review period compared to an increase of 4.1 percent in the same period of the previous year. </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"">In the US dollar terms, remittance inflows increased 13.0 percent to 8.51 billion in the review period compared to an increase of 1.8 percent in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the number of Nepali workers (institutional and individual) obtaining approval for foreign employment increased by 46.6 percent and reached 459,415 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 0.5 percent to 260,262 in the review period. It had increased 208.3 percent in the same period of the previous year, the report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the NRB report, net transfer increased by 21.9 percent to reach Rs 1229.82 billion during this period. Such a transfer had increased 3.8 percent in the same period of the previous year. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18141', 'image' => '20230710012519_Remittance.jpg', 'article_date' => '2023-07-10 13:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18410', 'article_category_id' => '1', 'title' => 'Liberal Policy Vital for Economic Vibrancy: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Taking part in a discussion on "Nepal's economic situation and upcoming monetary policy," the finance minister said the economy would be vibrant if the issue of policy rate was addressed while formulating the monetary policy for the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A liberal policy is capable of making the economy vibrant, according to the finance minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He took time to insist on the collaboration between the Finance Ministry and the Nepal Rastra Bank to promote the nation's economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Mahat said that the government wished the NRB to function independently and make efforts for the improvement of overall economy. </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"">“There should be coherence between the finance policy and monetary policy to operate the economy effectively,” he said.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He claimed that the government's fiscal policy emphasized on improving the economy. </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"">"At the moment, capital flow is limited due to high cost, preventing the economy to catch its vibrancy. The government prioritizes fiscal discipline," he said adding that it had controlled the unnecessary budget transfer. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to him, the government has set a target of achieving six percent economic growth in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Dr Dilliraj Khanal shared his view saying that the problem in the banking and financial sector would result in problems in the entire economy. "Although the economy is on the path to improvement, it is still in crisis. The liquidity has increased at present. However, the loans have not expanded," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the government brought an extension-oriented monetary policy for the post-Covid recovery, he said that was required but it could not produce the expected output later on. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Khanal said problems like investment in the unproductive sectors, limited big business houses using a large chunk of loans on concessional basis, cooperatives becoming problematic, among others are seen in the financial sector and these needed to be addressed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18140', 'image' => '20230710121340_20230514062755_collage (17).jpg', 'article_date' => '2023-07-10 12:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 11: Police have busted a racket involved in using Nepali migrant workers to smuggle gold into the country. A police squad from the Kathmandu Valley Crime Investigation Office arrested 12 people on the charge of smuggling gold from abroad and made them public on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Those arrested are 25-year-old Ramdev Mahara of Mithila Bihari Municipality-5 of Dhanusha, 24-year-old Dharmadev Yadav of Sirha Municipality-17 of Sirha and 23-year-old Dharma Prasad Murau of Suddhodhan Municipality-6 of Kapilvastu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 34-year-old Naresh Panjiar of Janakpurdham-5 of Dhanusha, 36-year-old Lal Bahadur Wali of Rapti Sonari-5 of Banke, 27-year-old Kisunlal Sahu Teli of Balambihu-2 of Saptari, 35-year-old Vinod Kumar Shah and 22-year-old Asharam Yadav of the same municipality were also arrested by the police and made public during a press conference.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Sanju Kumari Shah, Durga Prasad Yadav and Devanand Shah are among those arrested while collecting gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Police have also arrested Mohan Kumar Yadav of Siraha in connection with the case. It has been revealed that he was depositing and withdrawing money from Shiva Sundar Raut's account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The head of Kathmandu Valley Crime Investigation Office and Senior Superintendent of Police Manoj Kumar KC said that Shiva Sunder Raut, the owner of Ritesh General Store in Siraha was involved in bringing illegal gold through immigrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, it has been revealed that Shiva Sundar has been mobilizing people who are employed abroad for a long time to bring illegal gold. Bank details obtained by the police show that his account had transactions worth Rs 1.96 billion since 2019.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The police informed during the press conference that Shiva Sundar Raut was arrested from Siraha, and Vinod Kumar Shah who was operating the Hotel Himalayan Spire in Sinamangal was also arrested by the police.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the police, the smugglers were offered Rs 5,000 to 10,000 or free accommodation in hotels for smuggling the gold. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">SSP KC shared that 828 grams of gold was recovered from five people. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18157', 'image' => '20230711014403_goldee.jpg', 'article_date' => '2023-07-11 13:41:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18426', 'article_category_id' => '1', 'title' => 'Manang Air Helicopter Missing since 10 AM this Morning ', 'sub_title' => '', 'summary' => 'July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. The chopper was en route to Kathmandu from Solukhumbu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Tribhuvan International Airport (TIA) Spokesperson Teknath Sitaula, the helicopter with the call sign 9NA-MV had taken off from Surkhe of Solukhumbu for Kathamandu carrying six passengers. </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"">"TIA is informed about the chopper losing the contact since it arrived near Lamjura pass. The crew sent its last message saying 'Hello' on Viber from Lamjura pass. The search for the helicopter continues," said Sitaula. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18156', 'image' => '20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-11 12:10:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18425', 'article_category_id' => '1', 'title' => 'Hetauda-Bharatpur Transmission Line comes into Operation ', 'sub_title' => '', 'summary' => 'July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. This transmission line is considered important for the smooth supply of power to Makawanpur and Chitwan, among other districts. The Hetauda-Bharatpur section is part of the Hetauda-Bharatpur-Bardaghat Transmission Line Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Electricity Authority (NEA) has brought the 73 kilometres long circuit of 220 kV double-circuit transmission line into operation, charging it in the 132 kV for the time-being. </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"">Around 170 megawatts power can be transmitted to and fro Hetauda and Bharatpur with the operation of the Hetauda-Bharatpur section of the transmission line. Only 90 megawatts power was being transmitted to and from Hetauda and Bharatpur from the existing old 132 kV transmission line. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Hetauda-Bharatpur-Bardaghat Transmission Line Project was set up with the aim of strengthening and making reliable the transmission lines within Nepal and for transmitting the power generated from hydropower projects constructed in the western region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project was initiated in 2008 with the investment of Government of Nepal and NEA, and with concessional loan from the World Bank. Construction works had been started dividing the Project into two sections – Hetauda-Bharatpur and Bharatpur-Bardaghat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the project was affected due to various reasons such as obstruction by the locals, problem in land acquisition, delays related to the use of forest land and cutting down trees and the poor performance of the construction company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the World Bank withdrew from the project in 2021, the government and NEA has been undertaking the remaining works with their joint investment. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18155', 'image' => '20230711111542_Transmission.jpg', 'article_date' => '2023-07-11 11:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18423', 'article_category_id' => '1', 'title' => 'Nepali Citizens Spend more Money in Foreign Trips than the Country Earns from Tourists', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px">July 10: Nepali citizens spent over Rs 119.99 billion on foreign travel in the first eleven months of the current fiscal year (FY 2022-23), according to the latest report of Nepal Rastra Bank (NRB).</span></p> <p><span style="font-size:18px">The Current Macroeconomic and Financial Situation Report released by the NRB on Monday shows that the travel expenses of Nepali nationals increased by 37.9 percent to climb to Rs 119.99 billion, including Rs 89.18 billion for education during the eleven months of the current fiscal year.</span></p> <p><span style="font-size:18px">Such expenses were Rs 87.03 billion and Rs 59.99 billion respectively in the same period of the previous year. <br /> Meantime, in the review period, Nepal’s travel income amounted to Rs 58.06 billion following a 94.3 percent rise compared to the corresponding period of last fiscal year. The figure was Rs 29.88 billion last year. </span></p> <p><span style="font-size:18px">It means that Nepalis spend more on foreign visits than the country earns from foreign tourists. The total amount spent by Nepalis for higher education abroad (Rs 89.18 billion) is much more than Rs 58.06 billion which the country generated from tourists. </span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18153', 'image' => '20230711094616_20230710094027_20220717011757_20220426100813_1650929561.Clipboard19.jpg', 'article_date' => '2023-07-11 09:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18422', 'article_category_id' => '1', 'title' => '419 People Lose Lives to Lightning Strikes in Five Years', 'sub_title' => '', 'summary' => 'A total of 419 individuals have lost their lives due to lightning strikes over the past five years. Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 11: A total of 419 individuals have lost their lives due to lightning strikes over the past five years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the provinces, Koshi Province recorded the highest number of fatalities, with 108 deaths caused by lightning strikes. Lumbini Province follows closely with 76 deaths, while Madhes Province witnessed 69 deaths. Bagmati Province reported 62 fatalities, Sudurpaschim Province had 43, Gandaki Province had 36, and Karnali Province experienced 25 deaths.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Three thousand one hundred and eighty seven domestic animals were killed in the disaster, and 57 physical infrastructures have been damaged, according to NDRRMA. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18152', 'image' => '20230711062447_collage (7).jpg', 'article_date' => '2023-07-11 06:22:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18421', 'article_category_id' => '1', 'title' => 'Second Phase of Economic Reforms Commences, Says Minister Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt"> July 11: Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Speaking to the media in Kathmandu on Monday, Minister Mahat expressed optimism about the nation's economic improvement and emphasized that the budget for the fiscal year 2023/24, along with accompanying plans and programs, will usher in positive momentum for the economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">"The new budget is designed to steer the economy back on track, marking the beginning of the second phase of reforms. We must accelerate these reform efforts," Dr. Mahat stated.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">The initial stage of economic reforms was initiated in the early 1980s with the introduction of economic liberalization and an open market in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Additionally, the Finance Minister highlighted positive signs in the economy, such as an increase in foreign exchange reserves and advancements in the tourism industry. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">He further anticipated a potential reduction in bank interest rates, citing the upcoming monetary policy to be issued by the Nepal Rastra Bank for the upcoming fiscal year. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18151', 'image' => '20230711060454_collage (6).jpg', 'article_date' => '2023-07-11 06:03:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18418', 'article_category_id' => '1', 'title' => '178 People Killed in Road Accidents in Kathmandu Valley in 11 Months ', 'sub_title' => '', 'summary' => 'July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 242 people were seriously injured, and 7,363 sustained minor injuries in those accidents in the valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ninety three of them died in motorcycle and scooter accidents while 56 victims were pedestrians. More than half of the deceased (35 men and 43 women) were of the 17-35 age group. Negligence of the drivers, over speeding, drink-driving, overtaking, bad weather and other technical problems have been blamed for the accidents. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18149', 'image' => '20230710093218_20220927120743_Kathmandu Valley.jpg', 'article_date' => '2023-07-10 21:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18420', 'article_category_id' => '1', 'title' => 'Earthquake jolts Sindhupalchok ', 'sub_title' => '', 'summary' => 'July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, an earthquake with magnitude 4 on the Richter scale with its epicentre near Bhalayakharka of Lamjung was recorded on June 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earthquake tremors epicentred in places of the mountainous and hill regions of eastern and western parts of the country have become recurrent of late. The mountainous and hill region of Nepal is considered vulnerable to earthquakes. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18148', 'image' => '20230710094324_20221228113133_quake.jpg', 'article_date' => '2023-07-10 21:42:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18417', 'article_category_id' => '1', 'title' => 'Coca-Cola Empowers Young Women Entrepreneurs through Saksham Accelerator and Mentorship Program', 'sub_title' => '', 'summary' => 'July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a recent press statement, international soft drink brand said this program is a pivotal component of Coca-Cola Nepal's Women Empowerment Program, Saksham, and aims to provide comprehensive support and guidance to women startups and potential start-ups in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Coca-Cola, the Young Women Entrepreneurs Accelerator and Mentorship Program received an overwhelming response from enthusiastic women entrepreneurs from across Kathmandu, Pokhara, and Chitwan when the applications were opened in April 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the impressive pool of applicants, eight exceptional finalists were carefully selected based on their innovative ideas and potential for success, adds the statements. The finalists were Brinda Dewan of Kehikrafts, Menuka Gurung of Duluwa Outdoors, Prakriti Basyal of South and Southeast Project, Rashi Maharjan of Learners Room: A path to wisdom, Rozina Baral of Search It, Sarala Maharjan of Bio-Enzymes, Shanti Rai of Greenspace Nepal and Yaju Maharjan of Swachha Mahinawari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To kick start the program, an orientation session was held on June 11, 2023, providing the finalists with valuable insights into the journey ahead, according to the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Since then, a series of expert sessions have been organized to equip the participants with the necessary skills and knowledge to thrive in their entrepreneurial endeavors,” reads the statement, adding, “The finalists have had the privilege of attending sessions led by esteemed professionals and mentors, covering essential topics such as gender and women's rights, feminism and leadership, legal processes, climate change, marketing strategy, access to finance and banking, digital marketing, profitable presentation techniques, and design thinking.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Avasthi, country director of Nepal for Coca Cola said that the program underscores the company’s unwavering dedication to fostering gender equality and empowering women in Nepal's dynamic entrepreneurial landscape.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“By offering comprehensive support and guidance to these aspiring young women entrepreneurs, we aim to create a sustainable ecosystem that not only propels their success but also contributes significantly to the overall development of Nepal's economy," the statement quoted Avasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement added that the finalists have had the unique opportunity to engage with and learn from successful women entrepreneurs in Nepal throughout the program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Esteemed guest speakers, including Prasanna Basnet (co-founder of Cotton Mill Nepal), Haushala Thapa Gurung (Haushala Creatives), Dr Manu Karki (Eco Sathi Nepal), and Sujata Shrestha (Ghaghar and M&S) shared their inspiring stories and insights, further motivating and empowering the young women on their entrepreneurial journeys.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Madhurima Bhadra, a gender, leadership and public health expert, says that there are limited opportunities for marginalized people, especially non-binary persons and sex workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“I am so excited to be watching these young women already thinking about this special group of people and planning to provide opportunities for them in an all-inclusive environment," she said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement released by Coca-Cola, the finalists are now in the final stages of preparation for their ultimate pitch after weeks of intensive training and mentorship.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Their innovative ideas and business plans will be presented before a distinguished jury comprising three accomplished professionals in August, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the top three participants will be awarded a cash prize of Rs 100,000 each, providing them with a significant boost to accelerate their ventures and to reach closer to their goals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are incredibly excited to witness the remarkable progress and determined enthusiasm displayed by the participants of the Young Women Entrepreneurs Accelerator and Mentorship Program. Our commitment to empowering women in Nepal drives us to continue training an additional 1000+ women through this program this year. Saksham, reinforces our belief in the potential and resilience of Nepalese women, and we look forward to accelerating more women’s entrepreneurial journey," says Deepak Senthil Nath, managing director of Bottlers Nepal that produces Coca-Cola in the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18147', 'image' => '20230710062915_Group Photo - Copy.jpg', 'article_date' => '2023-07-10 18:28:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18416', 'article_category_id' => '1', 'title' => 'Balance of Payments at a Surplus of Rs 228 Billion', 'sub_title' => '', 'summary' => 'July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.', 'content' => '<p><span style="font-size:18px">July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the BOP in terms of the US dollar remained at a surplus of 1.74 billion in the review period against a deficit of 2.26 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">Likewise, the current account remained at a deficit of Rs 69.40 billion in the review period compared to a deficit of Rs 592.14 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px"> In the US dollar terms, the current account registered a deficit of 536.1 million compared to a deficit of 4.93 billion in the same period last year.</span></p> <p><span style="font-size:18px">In the review period, capital transfer decreased 22.5 percent to Rs 7.35 billion and net foreign direct investment (FDI) recorded Rs 4.65 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 9.49 billion and Rs 17.35 billion respectively.</span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18146', 'image' => '20230710061516_20230710030842_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-07-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18414', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Drops to 6.83 Percent: NRB Report', 'sub_title' => '', 'summary' => 'July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the latest report of Nepal Rastra Bank (NRB), the food and beverage inflation stood at 5.66 percent whereas non-food and service inflation rose to 7.76 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of spices sub-category increased 35.29 percent, restaurant and hotel 14.36 percent, cereal grains and their products 13.06 percent, milk products and eggs 10.98 percent and tobacco products 8.49 percent while the y-o-y price index of ghee and oil sub-category decreased 16.60 percent, states the Current Macroeconomic and Financial Situation Report of the first 11 months of the current fiscal year published by NRB on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, the y-o-y price index of recreation and culture sub-category increased 15.75 percent, education 10.56 percent, miscellaneous goods and services 9.33 percent, housing and utilities 8.41 percent and furnishing and household equipment 7.83 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley, Terai, hill and mountain areas surged to 7.19 percent, 6.93 percent, 6.28 percent and 6.39 percent respectively. Inflation in these regions were 8.32 percent, 8.29 percent, 9.28 percent and 8.92 percent respectively a year ago, added the report.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18144', 'image' => '20230710030747_Inflation1.jpg', 'article_date' => '2023-07-10 15:07:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18413', 'article_category_id' => '1', 'title' => 'Trade Deficit Declines by 15 Percent', 'sub_title' => '', 'summary' => 'July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). Such a deficit had increased 25 percent in the corresponding period of the previous year, states the Current Macroeconomic and Financial Situation Report published by NRB on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio decreased to 9.7 percent in the review period from 10.5 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports from India by paying convertible foreign currency amounted Rs 138.47 billion. Such amount was Rs 200.88 billion in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, the overall merchandise exports decreased 22.7 percent to Rs 143.59 billion against an increase of 53.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 32.2 percent whereas exports to China and other countries increased 106.7 percent and 9.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, cardamom, woolen carpets, readymade garments, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports decreased by 16 percent to Rs 1480.98 billion against an increase of 27.5 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India, China and other countries decreased 14.8 percent, 17.1 percent and 18.5 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of chemical fertilizer, sponge iron, gold, paper, other stationeries, among others, increased whereas imports of transport equipment and parts, MS billet, medicine, crude soybean oil, other machinery and parts, among others, decreased in the review period. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18143', 'image' => '20230710030630_Trade.jpg', 'article_date' => '2023-07-10 15:05:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18412', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Exchange Reserves Increases to Rs 1480 Billion', 'sub_title' => 'Foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months', 'summary' => 'July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the gross foreign exchange reserves in terms of the US dollar increased 18.5 percent to 11.30 billion in mid-June 2023 from 9.54 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 25.1 percent to Rs 1321.25 billion in mid-June 2023 from Rs 1056.39 billion in mid-July 2022, added the report. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, the reserves held by banks and financial institutions (except NRB) increased 0.1 percent to Rs 159.63 billion in mid-June 2023 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-June 2023. Foreign </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of eleven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months and merchandise and services imports of 9.6 months. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report states that the ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 27.5 percent, 80.3 percent and 25.0 percent respectively in mid-June 2023. Such ratios were 24.6 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18142', 'image' => '20230710020950_dollar.jpg', 'article_date' => '2023-07-10 14:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18411', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 22.7 Percent in Current Fiscal ', 'sub_title' => '', 'summary' => 'July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).</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"">Unveiling the Current Macroeconomic and Financial Situation Report based on the eleven months of the fiscal year 2022/23, the central bank said inflow of remittance increased by 22.7 percent to reach Rs 1112.52 billion in the review period compared to an increase of 4.1 percent in the same period of the previous year. </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"">In the US dollar terms, remittance inflows increased 13.0 percent to 8.51 billion in the review period compared to an increase of 1.8 percent in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the number of Nepali workers (institutional and individual) obtaining approval for foreign employment increased by 46.6 percent and reached 459,415 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 0.5 percent to 260,262 in the review period. It had increased 208.3 percent in the same period of the previous year, the report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the NRB report, net transfer increased by 21.9 percent to reach Rs 1229.82 billion during this period. Such a transfer had increased 3.8 percent in the same period of the previous year. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18141', 'image' => '20230710012519_Remittance.jpg', 'article_date' => '2023-07-10 13:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18410', 'article_category_id' => '1', 'title' => 'Liberal Policy Vital for Economic Vibrancy: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Taking part in a discussion on "Nepal's economic situation and upcoming monetary policy," the finance minister said the economy would be vibrant if the issue of policy rate was addressed while formulating the monetary policy for the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A liberal policy is capable of making the economy vibrant, according to the finance minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He took time to insist on the collaboration between the Finance Ministry and the Nepal Rastra Bank to promote the nation's economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Mahat said that the government wished the NRB to function independently and make efforts for the improvement of overall economy. </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"">“There should be coherence between the finance policy and monetary policy to operate the economy effectively,” he said.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He claimed that the government's fiscal policy emphasized on improving the economy. </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"">"At the moment, capital flow is limited due to high cost, preventing the economy to catch its vibrancy. The government prioritizes fiscal discipline," he said adding that it had controlled the unnecessary budget transfer. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to him, the government has set a target of achieving six percent economic growth in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Dr Dilliraj Khanal shared his view saying that the problem in the banking and financial sector would result in problems in the entire economy. "Although the economy is on the path to improvement, it is still in crisis. The liquidity has increased at present. However, the loans have not expanded," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the government brought an extension-oriented monetary policy for the post-Covid recovery, he said that was required but it could not produce the expected output later on. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Khanal said problems like investment in the unproductive sectors, limited big business houses using a large chunk of loans on concessional basis, cooperatives becoming problematic, among others are seen in the financial sector and these needed to be addressed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18140', 'image' => '20230710121340_20230514062755_collage (17).jpg', 'article_date' => '2023-07-10 12:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 11: Police have busted a racket involved in using Nepali migrant workers to smuggle gold into the country. A police squad from the Kathmandu Valley Crime Investigation Office arrested 12 people on the charge of smuggling gold from abroad and made them public on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Those arrested are 25-year-old Ramdev Mahara of Mithila Bihari Municipality-5 of Dhanusha, 24-year-old Dharmadev Yadav of Sirha Municipality-17 of Sirha and 23-year-old Dharma Prasad Murau of Suddhodhan Municipality-6 of Kapilvastu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 34-year-old Naresh Panjiar of Janakpurdham-5 of Dhanusha, 36-year-old Lal Bahadur Wali of Rapti Sonari-5 of Banke, 27-year-old Kisunlal Sahu Teli of Balambihu-2 of Saptari, 35-year-old Vinod Kumar Shah and 22-year-old Asharam Yadav of the same municipality were also arrested by the police and made public during a press conference.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Sanju Kumari Shah, Durga Prasad Yadav and Devanand Shah are among those arrested while collecting gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Police have also arrested Mohan Kumar Yadav of Siraha in connection with the case. It has been revealed that he was depositing and withdrawing money from Shiva Sundar Raut's account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The head of Kathmandu Valley Crime Investigation Office and Senior Superintendent of Police Manoj Kumar KC said that Shiva Sunder Raut, the owner of Ritesh General Store in Siraha was involved in bringing illegal gold through immigrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, it has been revealed that Shiva Sundar has been mobilizing people who are employed abroad for a long time to bring illegal gold. Bank details obtained by the police show that his account had transactions worth Rs 1.96 billion since 2019.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The police informed during the press conference that Shiva Sundar Raut was arrested from Siraha, and Vinod Kumar Shah who was operating the Hotel Himalayan Spire in Sinamangal was also arrested by the police.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the police, the smugglers were offered Rs 5,000 to 10,000 or free accommodation in hotels for smuggling the gold. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">SSP KC shared that 828 grams of gold was recovered from five people. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18157', 'image' => '20230711014403_goldee.jpg', 'article_date' => '2023-07-11 13:41:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18426', 'article_category_id' => '1', 'title' => 'Manang Air Helicopter Missing since 10 AM this Morning ', 'sub_title' => '', 'summary' => 'July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. The chopper was en route to Kathmandu from Solukhumbu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Tribhuvan International Airport (TIA) Spokesperson Teknath Sitaula, the helicopter with the call sign 9NA-MV had taken off from Surkhe of Solukhumbu for Kathamandu carrying six passengers. </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"">"TIA is informed about the chopper losing the contact since it arrived near Lamjura pass. The crew sent its last message saying 'Hello' on Viber from Lamjura pass. The search for the helicopter continues," said Sitaula. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18156', 'image' => '20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-11 12:10:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18425', 'article_category_id' => '1', 'title' => 'Hetauda-Bharatpur Transmission Line comes into Operation ', 'sub_title' => '', 'summary' => 'July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. This transmission line is considered important for the smooth supply of power to Makawanpur and Chitwan, among other districts. The Hetauda-Bharatpur section is part of the Hetauda-Bharatpur-Bardaghat Transmission Line Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Electricity Authority (NEA) has brought the 73 kilometres long circuit of 220 kV double-circuit transmission line into operation, charging it in the 132 kV for the time-being. </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"">Around 170 megawatts power can be transmitted to and fro Hetauda and Bharatpur with the operation of the Hetauda-Bharatpur section of the transmission line. Only 90 megawatts power was being transmitted to and from Hetauda and Bharatpur from the existing old 132 kV transmission line. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Hetauda-Bharatpur-Bardaghat Transmission Line Project was set up with the aim of strengthening and making reliable the transmission lines within Nepal and for transmitting the power generated from hydropower projects constructed in the western region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project was initiated in 2008 with the investment of Government of Nepal and NEA, and with concessional loan from the World Bank. Construction works had been started dividing the Project into two sections – Hetauda-Bharatpur and Bharatpur-Bardaghat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the project was affected due to various reasons such as obstruction by the locals, problem in land acquisition, delays related to the use of forest land and cutting down trees and the poor performance of the construction company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the World Bank withdrew from the project in 2021, the government and NEA has been undertaking the remaining works with their joint investment. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18155', 'image' => '20230711111542_Transmission.jpg', 'article_date' => '2023-07-11 11:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18423', 'article_category_id' => '1', 'title' => 'Nepali Citizens Spend more Money in Foreign Trips than the Country Earns from Tourists', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px">July 10: Nepali citizens spent over Rs 119.99 billion on foreign travel in the first eleven months of the current fiscal year (FY 2022-23), according to the latest report of Nepal Rastra Bank (NRB).</span></p> <p><span style="font-size:18px">The Current Macroeconomic and Financial Situation Report released by the NRB on Monday shows that the travel expenses of Nepali nationals increased by 37.9 percent to climb to Rs 119.99 billion, including Rs 89.18 billion for education during the eleven months of the current fiscal year.</span></p> <p><span style="font-size:18px">Such expenses were Rs 87.03 billion and Rs 59.99 billion respectively in the same period of the previous year. <br /> Meantime, in the review period, Nepal’s travel income amounted to Rs 58.06 billion following a 94.3 percent rise compared to the corresponding period of last fiscal year. The figure was Rs 29.88 billion last year. </span></p> <p><span style="font-size:18px">It means that Nepalis spend more on foreign visits than the country earns from foreign tourists. The total amount spent by Nepalis for higher education abroad (Rs 89.18 billion) is much more than Rs 58.06 billion which the country generated from tourists. </span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18153', 'image' => '20230711094616_20230710094027_20220717011757_20220426100813_1650929561.Clipboard19.jpg', 'article_date' => '2023-07-11 09:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18422', 'article_category_id' => '1', 'title' => '419 People Lose Lives to Lightning Strikes in Five Years', 'sub_title' => '', 'summary' => 'A total of 419 individuals have lost their lives due to lightning strikes over the past five years. Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 11: A total of 419 individuals have lost their lives due to lightning strikes over the past five years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the provinces, Koshi Province recorded the highest number of fatalities, with 108 deaths caused by lightning strikes. Lumbini Province follows closely with 76 deaths, while Madhes Province witnessed 69 deaths. Bagmati Province reported 62 fatalities, Sudurpaschim Province had 43, Gandaki Province had 36, and Karnali Province experienced 25 deaths.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Three thousand one hundred and eighty seven domestic animals were killed in the disaster, and 57 physical infrastructures have been damaged, according to NDRRMA. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18152', 'image' => '20230711062447_collage (7).jpg', 'article_date' => '2023-07-11 06:22:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18421', 'article_category_id' => '1', 'title' => 'Second Phase of Economic Reforms Commences, Says Minister Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt"> July 11: Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Speaking to the media in Kathmandu on Monday, Minister Mahat expressed optimism about the nation's economic improvement and emphasized that the budget for the fiscal year 2023/24, along with accompanying plans and programs, will usher in positive momentum for the economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">"The new budget is designed to steer the economy back on track, marking the beginning of the second phase of reforms. We must accelerate these reform efforts," Dr. Mahat stated.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">The initial stage of economic reforms was initiated in the early 1980s with the introduction of economic liberalization and an open market in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Additionally, the Finance Minister highlighted positive signs in the economy, such as an increase in foreign exchange reserves and advancements in the tourism industry. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">He further anticipated a potential reduction in bank interest rates, citing the upcoming monetary policy to be issued by the Nepal Rastra Bank for the upcoming fiscal year. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18151', 'image' => '20230711060454_collage (6).jpg', 'article_date' => '2023-07-11 06:03:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18418', 'article_category_id' => '1', 'title' => '178 People Killed in Road Accidents in Kathmandu Valley in 11 Months ', 'sub_title' => '', 'summary' => 'July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 242 people were seriously injured, and 7,363 sustained minor injuries in those accidents in the valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ninety three of them died in motorcycle and scooter accidents while 56 victims were pedestrians. More than half of the deceased (35 men and 43 women) were of the 17-35 age group. Negligence of the drivers, over speeding, drink-driving, overtaking, bad weather and other technical problems have been blamed for the accidents. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18149', 'image' => '20230710093218_20220927120743_Kathmandu Valley.jpg', 'article_date' => '2023-07-10 21:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18420', 'article_category_id' => '1', 'title' => 'Earthquake jolts Sindhupalchok ', 'sub_title' => '', 'summary' => 'July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, an earthquake with magnitude 4 on the Richter scale with its epicentre near Bhalayakharka of Lamjung was recorded on June 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earthquake tremors epicentred in places of the mountainous and hill regions of eastern and western parts of the country have become recurrent of late. The mountainous and hill region of Nepal is considered vulnerable to earthquakes. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18148', 'image' => '20230710094324_20221228113133_quake.jpg', 'article_date' => '2023-07-10 21:42:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18417', 'article_category_id' => '1', 'title' => 'Coca-Cola Empowers Young Women Entrepreneurs through Saksham Accelerator and Mentorship Program', 'sub_title' => '', 'summary' => 'July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a recent press statement, international soft drink brand said this program is a pivotal component of Coca-Cola Nepal's Women Empowerment Program, Saksham, and aims to provide comprehensive support and guidance to women startups and potential start-ups in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Coca-Cola, the Young Women Entrepreneurs Accelerator and Mentorship Program received an overwhelming response from enthusiastic women entrepreneurs from across Kathmandu, Pokhara, and Chitwan when the applications were opened in April 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the impressive pool of applicants, eight exceptional finalists were carefully selected based on their innovative ideas and potential for success, adds the statements. The finalists were Brinda Dewan of Kehikrafts, Menuka Gurung of Duluwa Outdoors, Prakriti Basyal of South and Southeast Project, Rashi Maharjan of Learners Room: A path to wisdom, Rozina Baral of Search It, Sarala Maharjan of Bio-Enzymes, Shanti Rai of Greenspace Nepal and Yaju Maharjan of Swachha Mahinawari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To kick start the program, an orientation session was held on June 11, 2023, providing the finalists with valuable insights into the journey ahead, according to the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Since then, a series of expert sessions have been organized to equip the participants with the necessary skills and knowledge to thrive in their entrepreneurial endeavors,” reads the statement, adding, “The finalists have had the privilege of attending sessions led by esteemed professionals and mentors, covering essential topics such as gender and women's rights, feminism and leadership, legal processes, climate change, marketing strategy, access to finance and banking, digital marketing, profitable presentation techniques, and design thinking.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Avasthi, country director of Nepal for Coca Cola said that the program underscores the company’s unwavering dedication to fostering gender equality and empowering women in Nepal's dynamic entrepreneurial landscape.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“By offering comprehensive support and guidance to these aspiring young women entrepreneurs, we aim to create a sustainable ecosystem that not only propels their success but also contributes significantly to the overall development of Nepal's economy," the statement quoted Avasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement added that the finalists have had the unique opportunity to engage with and learn from successful women entrepreneurs in Nepal throughout the program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Esteemed guest speakers, including Prasanna Basnet (co-founder of Cotton Mill Nepal), Haushala Thapa Gurung (Haushala Creatives), Dr Manu Karki (Eco Sathi Nepal), and Sujata Shrestha (Ghaghar and M&S) shared their inspiring stories and insights, further motivating and empowering the young women on their entrepreneurial journeys.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Madhurima Bhadra, a gender, leadership and public health expert, says that there are limited opportunities for marginalized people, especially non-binary persons and sex workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“I am so excited to be watching these young women already thinking about this special group of people and planning to provide opportunities for them in an all-inclusive environment," she said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement released by Coca-Cola, the finalists are now in the final stages of preparation for their ultimate pitch after weeks of intensive training and mentorship.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Their innovative ideas and business plans will be presented before a distinguished jury comprising three accomplished professionals in August, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the top three participants will be awarded a cash prize of Rs 100,000 each, providing them with a significant boost to accelerate their ventures and to reach closer to their goals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are incredibly excited to witness the remarkable progress and determined enthusiasm displayed by the participants of the Young Women Entrepreneurs Accelerator and Mentorship Program. Our commitment to empowering women in Nepal drives us to continue training an additional 1000+ women through this program this year. Saksham, reinforces our belief in the potential and resilience of Nepalese women, and we look forward to accelerating more women’s entrepreneurial journey," says Deepak Senthil Nath, managing director of Bottlers Nepal that produces Coca-Cola in the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18147', 'image' => '20230710062915_Group Photo - Copy.jpg', 'article_date' => '2023-07-10 18:28:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18416', 'article_category_id' => '1', 'title' => 'Balance of Payments at a Surplus of Rs 228 Billion', 'sub_title' => '', 'summary' => 'July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.', 'content' => '<p><span style="font-size:18px">July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the BOP in terms of the US dollar remained at a surplus of 1.74 billion in the review period against a deficit of 2.26 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">Likewise, the current account remained at a deficit of Rs 69.40 billion in the review period compared to a deficit of Rs 592.14 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px"> In the US dollar terms, the current account registered a deficit of 536.1 million compared to a deficit of 4.93 billion in the same period last year.</span></p> <p><span style="font-size:18px">In the review period, capital transfer decreased 22.5 percent to Rs 7.35 billion and net foreign direct investment (FDI) recorded Rs 4.65 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 9.49 billion and Rs 17.35 billion respectively.</span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18146', 'image' => '20230710061516_20230710030842_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-07-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18414', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Drops to 6.83 Percent: NRB Report', 'sub_title' => '', 'summary' => 'July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the latest report of Nepal Rastra Bank (NRB), the food and beverage inflation stood at 5.66 percent whereas non-food and service inflation rose to 7.76 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of spices sub-category increased 35.29 percent, restaurant and hotel 14.36 percent, cereal grains and their products 13.06 percent, milk products and eggs 10.98 percent and tobacco products 8.49 percent while the y-o-y price index of ghee and oil sub-category decreased 16.60 percent, states the Current Macroeconomic and Financial Situation Report of the first 11 months of the current fiscal year published by NRB on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, the y-o-y price index of recreation and culture sub-category increased 15.75 percent, education 10.56 percent, miscellaneous goods and services 9.33 percent, housing and utilities 8.41 percent and furnishing and household equipment 7.83 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley, Terai, hill and mountain areas surged to 7.19 percent, 6.93 percent, 6.28 percent and 6.39 percent respectively. Inflation in these regions were 8.32 percent, 8.29 percent, 9.28 percent and 8.92 percent respectively a year ago, added the report.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18144', 'image' => '20230710030747_Inflation1.jpg', 'article_date' => '2023-07-10 15:07:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18413', 'article_category_id' => '1', 'title' => 'Trade Deficit Declines by 15 Percent', 'sub_title' => '', 'summary' => 'July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). Such a deficit had increased 25 percent in the corresponding period of the previous year, states the Current Macroeconomic and Financial Situation Report published by NRB on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio decreased to 9.7 percent in the review period from 10.5 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports from India by paying convertible foreign currency amounted Rs 138.47 billion. Such amount was Rs 200.88 billion in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, the overall merchandise exports decreased 22.7 percent to Rs 143.59 billion against an increase of 53.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 32.2 percent whereas exports to China and other countries increased 106.7 percent and 9.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, cardamom, woolen carpets, readymade garments, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports decreased by 16 percent to Rs 1480.98 billion against an increase of 27.5 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India, China and other countries decreased 14.8 percent, 17.1 percent and 18.5 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of chemical fertilizer, sponge iron, gold, paper, other stationeries, among others, increased whereas imports of transport equipment and parts, MS billet, medicine, crude soybean oil, other machinery and parts, among others, decreased in the review period. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18143', 'image' => '20230710030630_Trade.jpg', 'article_date' => '2023-07-10 15:05:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18412', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Exchange Reserves Increases to Rs 1480 Billion', 'sub_title' => 'Foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months', 'summary' => 'July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the gross foreign exchange reserves in terms of the US dollar increased 18.5 percent to 11.30 billion in mid-June 2023 from 9.54 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 25.1 percent to Rs 1321.25 billion in mid-June 2023 from Rs 1056.39 billion in mid-July 2022, added the report. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, the reserves held by banks and financial institutions (except NRB) increased 0.1 percent to Rs 159.63 billion in mid-June 2023 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-June 2023. Foreign </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of eleven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months and merchandise and services imports of 9.6 months. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report states that the ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 27.5 percent, 80.3 percent and 25.0 percent respectively in mid-June 2023. Such ratios were 24.6 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18142', 'image' => '20230710020950_dollar.jpg', 'article_date' => '2023-07-10 14:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18411', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 22.7 Percent in Current Fiscal ', 'sub_title' => '', 'summary' => 'July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).</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"">Unveiling the Current Macroeconomic and Financial Situation Report based on the eleven months of the fiscal year 2022/23, the central bank said inflow of remittance increased by 22.7 percent to reach Rs 1112.52 billion in the review period compared to an increase of 4.1 percent in the same period of the previous year. </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"">In the US dollar terms, remittance inflows increased 13.0 percent to 8.51 billion in the review period compared to an increase of 1.8 percent in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the number of Nepali workers (institutional and individual) obtaining approval for foreign employment increased by 46.6 percent and reached 459,415 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 0.5 percent to 260,262 in the review period. It had increased 208.3 percent in the same period of the previous year, the report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the NRB report, net transfer increased by 21.9 percent to reach Rs 1229.82 billion during this period. Such a transfer had increased 3.8 percent in the same period of the previous year. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18141', 'image' => '20230710012519_Remittance.jpg', 'article_date' => '2023-07-10 13:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18410', 'article_category_id' => '1', 'title' => 'Liberal Policy Vital for Economic Vibrancy: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Taking part in a discussion on "Nepal's economic situation and upcoming monetary policy," the finance minister said the economy would be vibrant if the issue of policy rate was addressed while formulating the monetary policy for the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A liberal policy is capable of making the economy vibrant, according to the finance minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He took time to insist on the collaboration between the Finance Ministry and the Nepal Rastra Bank to promote the nation's economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Mahat said that the government wished the NRB to function independently and make efforts for the improvement of overall economy. </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"">“There should be coherence between the finance policy and monetary policy to operate the economy effectively,” he said.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He claimed that the government's fiscal policy emphasized on improving the economy. </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"">"At the moment, capital flow is limited due to high cost, preventing the economy to catch its vibrancy. The government prioritizes fiscal discipline," he said adding that it had controlled the unnecessary budget transfer. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to him, the government has set a target of achieving six percent economic growth in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Dr Dilliraj Khanal shared his view saying that the problem in the banking and financial sector would result in problems in the entire economy. "Although the economy is on the path to improvement, it is still in crisis. The liquidity has increased at present. However, the loans have not expanded," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the government brought an extension-oriented monetary policy for the post-Covid recovery, he said that was required but it could not produce the expected output later on. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Khanal said problems like investment in the unproductive sectors, limited big business houses using a large chunk of loans on concessional basis, cooperatives becoming problematic, among others are seen in the financial sector and these needed to be addressed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18140', 'image' => '20230710121340_20230514062755_collage (17).jpg', 'article_date' => '2023-07-10 12:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">July 11: Police have busted a racket involved in using Nepali migrant workers to smuggle gold into the country. A police squad from the Kathmandu Valley Crime Investigation Office arrested 12 people on the charge of smuggling gold from abroad and made them public on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Those arrested are 25-year-old Ramdev Mahara of Mithila Bihari Municipality-5 of Dhanusha, 24-year-old Dharmadev Yadav of Sirha Municipality-17 of Sirha and 23-year-old Dharma Prasad Murau of Suddhodhan Municipality-6 of Kapilvastu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, 34-year-old Naresh Panjiar of Janakpurdham-5 of Dhanusha, 36-year-old Lal Bahadur Wali of Rapti Sonari-5 of Banke, 27-year-old Kisunlal Sahu Teli of Balambihu-2 of Saptari, 35-year-old Vinod Kumar Shah and 22-year-old Asharam Yadav of the same municipality were also arrested by the police and made public during a press conference.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, Sanju Kumari Shah, Durga Prasad Yadav and Devanand Shah are among those arrested while collecting gold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Police have also arrested Mohan Kumar Yadav of Siraha in connection with the case. It has been revealed that he was depositing and withdrawing money from Shiva Sundar Raut's account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The head of Kathmandu Valley Crime Investigation Office and Senior Superintendent of Police Manoj Kumar KC said that Shiva Sunder Raut, the owner of Ritesh General Store in Siraha was involved in bringing illegal gold through immigrant workers. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to him, it has been revealed that Shiva Sundar has been mobilizing people who are employed abroad for a long time to bring illegal gold. Bank details obtained by the police show that his account had transactions worth Rs 1.96 billion since 2019.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The police informed during the press conference that Shiva Sundar Raut was arrested from Siraha, and Vinod Kumar Shah who was operating the Hotel Himalayan Spire in Sinamangal was also arrested by the police.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the police, the smugglers were offered Rs 5,000 to 10,000 or free accommodation in hotels for smuggling the gold. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">SSP KC shared that 828 grams of gold was recovered from five people. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18157', 'image' => '20230711014403_goldee.jpg', 'article_date' => '2023-07-11 13:41:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18426', 'article_category_id' => '1', 'title' => 'Manang Air Helicopter Missing since 10 AM this Morning ', 'sub_title' => '', 'summary' => 'July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: A helicopter belonging to Manang Air has been reported missing since 10:01 am today. The chopper was en route to Kathmandu from Solukhumbu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to Tribhuvan International Airport (TIA) Spokesperson Teknath Sitaula, the helicopter with the call sign 9NA-MV had taken off from Surkhe of Solukhumbu for Kathamandu carrying six passengers. </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"">"TIA is informed about the chopper losing the contact since it arrived near Lamjura pass. The crew sent its last message saying 'Hello' on Viber from Lamjura pass. The search for the helicopter continues," said Sitaula. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18156', 'image' => '20230711121204_Manang-Air-27-1024x683.jpg', 'article_date' => '2023-07-11 12:10:29', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18425', 'article_category_id' => '1', 'title' => 'Hetauda-Bharatpur Transmission Line comes into Operation ', 'sub_title' => '', 'summary' => 'July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 11: The Hetauda-Bharatpur 220 kV transmission line has come into operation. This transmission line is considered important for the smooth supply of power to Makawanpur and Chitwan, among other districts. The Hetauda-Bharatpur section is part of the Hetauda-Bharatpur-Bardaghat Transmission Line Project. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Nepal Electricity Authority (NEA) has brought the 73 kilometres long circuit of 220 kV double-circuit transmission line into operation, charging it in the 132 kV for the time-being. </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"">Around 170 megawatts power can be transmitted to and fro Hetauda and Bharatpur with the operation of the Hetauda-Bharatpur section of the transmission line. Only 90 megawatts power was being transmitted to and from Hetauda and Bharatpur from the existing old 132 kV transmission line. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Hetauda-Bharatpur-Bardaghat Transmission Line Project was set up with the aim of strengthening and making reliable the transmission lines within Nepal and for transmitting the power generated from hydropower projects constructed in the western region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project was initiated in 2008 with the investment of Government of Nepal and NEA, and with concessional loan from the World Bank. Construction works had been started dividing the Project into two sections – Hetauda-Bharatpur and Bharatpur-Bardaghat. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The construction of the project was affected due to various reasons such as obstruction by the locals, problem in land acquisition, delays related to the use of forest land and cutting down trees and the poor performance of the construction company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">After the World Bank withdrew from the project in 2021, the government and NEA has been undertaking the remaining works with their joint investment. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18155', 'image' => '20230711111542_Transmission.jpg', 'article_date' => '2023-07-11 11:14:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18423', 'article_category_id' => '1', 'title' => 'Nepali Citizens Spend more Money in Foreign Trips than the Country Earns from Tourists', 'sub_title' => '', 'summary' => '', 'content' => '<p><span style="font-size:18px">July 10: Nepali citizens spent over Rs 119.99 billion on foreign travel in the first eleven months of the current fiscal year (FY 2022-23), according to the latest report of Nepal Rastra Bank (NRB).</span></p> <p><span style="font-size:18px">The Current Macroeconomic and Financial Situation Report released by the NRB on Monday shows that the travel expenses of Nepali nationals increased by 37.9 percent to climb to Rs 119.99 billion, including Rs 89.18 billion for education during the eleven months of the current fiscal year.</span></p> <p><span style="font-size:18px">Such expenses were Rs 87.03 billion and Rs 59.99 billion respectively in the same period of the previous year. <br /> Meantime, in the review period, Nepal’s travel income amounted to Rs 58.06 billion following a 94.3 percent rise compared to the corresponding period of last fiscal year. The figure was Rs 29.88 billion last year. </span></p> <p><span style="font-size:18px">It means that Nepalis spend more on foreign visits than the country earns from foreign tourists. The total amount spent by Nepalis for higher education abroad (Rs 89.18 billion) is much more than Rs 58.06 billion which the country generated from tourists. </span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18153', 'image' => '20230711094616_20230710094027_20220717011757_20220426100813_1650929561.Clipboard19.jpg', 'article_date' => '2023-07-11 09:44:14', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18422', 'article_category_id' => '1', 'title' => '419 People Lose Lives to Lightning Strikes in Five Years', 'sub_title' => '', 'summary' => 'A total of 419 individuals have lost their lives due to lightning strikes over the past five years. Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 11: A total of 419 individuals have lost their lives due to lightning strikes over the past five years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, properties worth over Rs 60 million have been destroyed, according to the National Disaster Risk Reduction and Management Authority (NDRRMA).</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Among the provinces, Koshi Province recorded the highest number of fatalities, with 108 deaths caused by lightning strikes. Lumbini Province follows closely with 76 deaths, while Madhes Province witnessed 69 deaths. Bagmati Province reported 62 fatalities, Sudurpaschim Province had 43, Gandaki Province had 36, and Karnali Province experienced 25 deaths.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Three thousand one hundred and eighty seven domestic animals were killed in the disaster, and 57 physical infrastructures have been damaged, according to NDRRMA. (RSS)</span></span></p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18152', 'image' => '20230711062447_collage (7).jpg', 'article_date' => '2023-07-11 06:22:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '18421', 'article_category_id' => '1', 'title' => 'Second Phase of Economic Reforms Commences, Says Minister Mahat', 'sub_title' => '', 'summary' => 'Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt"> July 11: Finance Minister Dr. Prakash Sharan Mahat said that the second phase of economic reforms begins in the country with the implementation of the forthcoming fiscal year's budget. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Speaking to the media in Kathmandu on Monday, Minister Mahat expressed optimism about the nation's economic improvement and emphasized that the budget for the fiscal year 2023/24, along with accompanying plans and programs, will usher in positive momentum for the economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">"The new budget is designed to steer the economy back on track, marking the beginning of the second phase of reforms. We must accelerate these reform efforts," Dr. Mahat stated.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">The initial stage of economic reforms was initiated in the early 1980s with the introduction of economic liberalization and an open market in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">Additionally, the Finance Minister highlighted positive signs in the economy, such as an increase in foreign exchange reserves and advancements in the tourism industry. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:17.0pt">He further anticipated a potential reduction in bank interest rates, citing the upcoming monetary policy to be issued by the Nepal Rastra Bank for the upcoming fiscal year. </span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-11', 'modified' => '2023-07-11', 'keywords' => '', 'description' => '', 'sortorder' => '18151', 'image' => '20230711060454_collage (6).jpg', 'article_date' => '2023-07-11 06:03:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '18418', 'article_category_id' => '1', 'title' => '178 People Killed in Road Accidents in Kathmandu Valley in 11 Months ', 'sub_title' => '', 'summary' => 'July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: One hundred seventy eight people were killed in a total of 9,683 road accidents in the Kathmandu Valley (Kathmandu, Lalitpur and Bhaktapur districts) as of June 15, 2023 of the current fiscal year, 2022/23, according to the Kathmandu Valley Traffic Police Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, 242 people were seriously injured, and 7,363 sustained minor injuries in those accidents in the valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Ninety three of them died in motorcycle and scooter accidents while 56 victims were pedestrians. More than half of the deceased (35 men and 43 women) were of the 17-35 age group. Negligence of the drivers, over speeding, drink-driving, overtaking, bad weather and other technical problems have been blamed for the accidents. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18149', 'image' => '20230710093218_20220927120743_Kathmandu Valley.jpg', 'article_date' => '2023-07-10 21:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '18420', 'article_category_id' => '1', 'title' => 'Earthquake jolts Sindhupalchok ', 'sub_title' => '', 'summary' => 'July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: An earthquake measuring 3.8 on the Richter scale with its epicentre at Bahrabise of Sindhupalchok district was recorded at 12.47pm on Monday, according to the National Earthquake Monitoring and Research Center, Lainchaur. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Prior to this, an earthquake with magnitude 4 on the Richter scale with its epicentre near Bhalayakharka of Lamjung was recorded on June 23. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earthquake tremors epicentred in places of the mountainous and hill regions of eastern and western parts of the country have become recurrent of late. The mountainous and hill region of Nepal is considered vulnerable to earthquakes. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18148', 'image' => '20230710094324_20221228113133_quake.jpg', 'article_date' => '2023-07-10 21:42:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '18417', 'article_category_id' => '1', 'title' => 'Coca-Cola Empowers Young Women Entrepreneurs through Saksham Accelerator and Mentorship Program', 'sub_title' => '', 'summary' => 'July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Coca-Cola Nepal, in collaboration with Atelier Platform Pvt Ltd, announced the successful implementation of the Young Women Entrepreneurs Accelerator and Mentorship Program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a recent press statement, international soft drink brand said this program is a pivotal component of Coca-Cola Nepal's Women Empowerment Program, Saksham, and aims to provide comprehensive support and guidance to women startups and potential start-ups in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Coca-Cola, the Young Women Entrepreneurs Accelerator and Mentorship Program received an overwhelming response from enthusiastic women entrepreneurs from across Kathmandu, Pokhara, and Chitwan when the applications were opened in April 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of the impressive pool of applicants, eight exceptional finalists were carefully selected based on their innovative ideas and potential for success, adds the statements. The finalists were Brinda Dewan of Kehikrafts, Menuka Gurung of Duluwa Outdoors, Prakriti Basyal of South and Southeast Project, Rashi Maharjan of Learners Room: A path to wisdom, Rozina Baral of Search It, Sarala Maharjan of Bio-Enzymes, Shanti Rai of Greenspace Nepal and Yaju Maharjan of Swachha Mahinawari.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">To kick start the program, an orientation session was held on June 11, 2023, providing the finalists with valuable insights into the journey ahead, according to the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Since then, a series of expert sessions have been organized to equip the participants with the necessary skills and knowledge to thrive in their entrepreneurial endeavors,” reads the statement, adding, “The finalists have had the privilege of attending sessions led by esteemed professionals and mentors, covering essential topics such as gender and women's rights, feminism and leadership, legal processes, climate change, marketing strategy, access to finance and banking, digital marketing, profitable presentation techniques, and design thinking.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Adarsh Avasthi, country director of Nepal for Coca Cola said that the program underscores the company’s unwavering dedication to fostering gender equality and empowering women in Nepal's dynamic entrepreneurial landscape.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“By offering comprehensive support and guidance to these aspiring young women entrepreneurs, we aim to create a sustainable ecosystem that not only propels their success but also contributes significantly to the overall development of Nepal's economy," the statement quoted Avasthi as saying.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The statement added that the finalists have had the unique opportunity to engage with and learn from successful women entrepreneurs in Nepal throughout the program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Esteemed guest speakers, including Prasanna Basnet (co-founder of Cotton Mill Nepal), Haushala Thapa Gurung (Haushala Creatives), Dr Manu Karki (Eco Sathi Nepal), and Sujata Shrestha (Ghaghar and M&S) shared their inspiring stories and insights, further motivating and empowering the young women on their entrepreneurial journeys.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Dr Madhurima Bhadra, a gender, leadership and public health expert, says that there are limited opportunities for marginalized people, especially non-binary persons and sex workers.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“I am so excited to be watching these young women already thinking about this special group of people and planning to provide opportunities for them in an all-inclusive environment," she said.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the statement released by Coca-Cola, the finalists are now in the final stages of preparation for their ultimate pitch after weeks of intensive training and mentorship.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Their innovative ideas and business plans will be presented before a distinguished jury comprising three accomplished professionals in August, added the statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the company, the top three participants will be awarded a cash prize of Rs 100,000 each, providing them with a significant boost to accelerate their ventures and to reach closer to their goals.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">"We are incredibly excited to witness the remarkable progress and determined enthusiasm displayed by the participants of the Young Women Entrepreneurs Accelerator and Mentorship Program. Our commitment to empowering women in Nepal drives us to continue training an additional 1000+ women through this program this year. Saksham, reinforces our belief in the potential and resilience of Nepalese women, and we look forward to accelerating more women’s entrepreneurial journey," says Deepak Senthil Nath, managing director of Bottlers Nepal that produces Coca-Cola in the country.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18147', 'image' => '20230710062915_Group Photo - Copy.jpg', 'article_date' => '2023-07-10 18:28:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '18416', 'article_category_id' => '1', 'title' => 'Balance of Payments at a Surplus of Rs 228 Billion', 'sub_title' => '', 'summary' => 'July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.', 'content' => '<p><span style="font-size:18px">July 10: The country’s Balance of Payments (BOP) remained at a surplus of Rs 228.98 billion in the first 11 months of the current fiscal year compared to a deficit of Rs 269.81 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the BOP in terms of the US dollar remained at a surplus of 1.74 billion in the review period against a deficit of 2.26 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px">Likewise, the current account remained at a deficit of Rs 69.40 billion in the review period compared to a deficit of Rs 592.14 billion in the same period of the previous year.</span></p> <p><span style="font-size:18px"> In the US dollar terms, the current account registered a deficit of 536.1 million compared to a deficit of 4.93 billion in the same period last year.</span></p> <p><span style="font-size:18px">In the review period, capital transfer decreased 22.5 percent to Rs 7.35 billion and net foreign direct investment (FDI) recorded Rs 4.65 billion. In the same period of the previous year, capital transfer and net FDI amounted to Rs 9.49 billion and Rs 17.35 billion respectively.</span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18146', 'image' => '20230710061516_20230710030842_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-07-10 18:14:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18414', 'article_category_id' => '1', 'title' => 'Consumer Price Inflation Drops to 6.83 Percent: NRB Report', 'sub_title' => '', 'summary' => 'July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: The year-on-year (y-o-y) consumer price inflation dropped to 6.83 percent in mid-June 2023 compared to 8.56 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the latest report of Nepal Rastra Bank (NRB), the food and beverage inflation stood at 5.66 percent whereas non-food and service inflation rose to 7.76 percent in the review month.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the food and beverage category, y-o-y price index of spices sub-category increased 35.29 percent, restaurant and hotel 14.36 percent, cereal grains and their products 13.06 percent, milk products and eggs 10.98 percent and tobacco products 8.49 percent while the y-o-y price index of ghee and oil sub-category decreased 16.60 percent, states the Current Macroeconomic and Financial Situation Report of the first 11 months of the current fiscal year published by NRB on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under the non-food and services category, the y-o-y price index of recreation and culture sub-category increased 15.75 percent, education 10.56 percent, miscellaneous goods and services 9.33 percent, housing and utilities 8.41 percent and furnishing and household equipment 7.83 percent. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review month, consumer price inflation in the Kathmandu Valley, Terai, hill and mountain areas surged to 7.19 percent, 6.93 percent, 6.28 percent and 6.39 percent respectively. Inflation in these regions were 8.32 percent, 8.29 percent, 9.28 percent and 8.92 percent respectively a year ago, added the report.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18144', 'image' => '20230710030747_Inflation1.jpg', 'article_date' => '2023-07-10 15:07:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18413', 'article_category_id' => '1', 'title' => 'Trade Deficit Declines by 15 Percent', 'sub_title' => '', 'summary' => 'July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s trade deficit decreased 15.2 percent to Rs 1337.39 billion during the eleven months of fiscal year 2022/23, according to the latest report of Nepal Rastra Bank (NRB). Such a deficit had increased 25 percent in the corresponding period of the previous year, states the Current Macroeconomic and Financial Situation Report published by NRB on Monday. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio decreased to 9.7 percent in the review period from 10.5 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports from India by paying convertible foreign currency amounted Rs 138.47 billion. Such amount was Rs 200.88 billion in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, the overall merchandise exports decreased 22.7 percent to Rs 143.59 billion against an increase of 53.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 32.2 percent whereas exports to China and other countries increased 106.7 percent and 9.9 percent respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, cardamom, woolen carpets, readymade garments, among others, increased whereas exports of soybean oil, palm oil, oil cakes, textiles, silverware and jewelries, among others, decreased in the review period.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the eleven months of FY 2022/23, merchandise imports decreased by 16 percent to Rs 1480.98 billion against an increase of 27.5 percent a year ago. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India, China and other countries decreased 14.8 percent, 17.1 percent and 18.5 percent respectively.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Imports of chemical fertilizer, sponge iron, gold, paper, other stationeries, among others, increased whereas imports of transport equipment and parts, MS billet, medicine, crude soybean oil, other machinery and parts, among others, decreased in the review period. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18143', 'image' => '20230710030630_Trade.jpg', 'article_date' => '2023-07-10 15:05:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18412', 'article_category_id' => '1', 'title' => 'Nepal’s Foreign Exchange Reserves Increases to Rs 1480 Billion', 'sub_title' => 'Foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months', 'summary' => 'July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">July 10: Nepal’s gross foreign exchange reserves increased 21.8 percent to Rs 1480.87 billion in mid-June 2023 from Rs 1215.80 billion in mid-July 2022.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by the Nepal Rastra Bank on Monday, the gross foreign exchange reserves in terms of the US dollar increased 18.5 percent to 11.30 billion in mid-June 2023 from 9.54 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 25.1 percent to Rs 1321.25 billion in mid-June 2023 from Rs 1056.39 billion in mid-July 2022, added the report. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the central bank, the reserves held by banks and financial institutions (except NRB) increased 0.1 percent to Rs 159.63 billion in mid-June 2023 from Rs 159.41 billion in mid-July 2022. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The share of Indian currency in total reserves stood at 22.9 percent in mid-June 2023. Foreign </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Based on the imports of eleven months of 2022/23, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 11.2 months and merchandise and services imports of 9.6 months. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The NRB report states that the ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 27.5 percent, 80.3 percent and 25.0 percent respectively in mid-June 2023. Such ratios were 24.6 percent, 57.8 percent and 22.1 percent respectively in mid-July 2022.</span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18142', 'image' => '20230710020950_dollar.jpg', 'article_date' => '2023-07-10 14:09:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18411', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 22.7 Percent in Current Fiscal ', 'sub_title' => '', 'summary' => 'July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Nepal received remittance of Rs 1112.52 billion in the first eleven months of the current fiscal year, according to the latest report of Nepal Rastra Bank (NRB).</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"">Unveiling the Current Macroeconomic and Financial Situation Report based on the eleven months of the fiscal year 2022/23, the central bank said inflow of remittance increased by 22.7 percent to reach Rs 1112.52 billion in the review period compared to an increase of 4.1 percent in the same period of the previous year. </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"">In the US dollar terms, remittance inflows increased 13.0 percent to 8.51 billion in the review period compared to an increase of 1.8 percent in the same period of the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the number of Nepali workers (institutional and individual) obtaining approval for foreign employment increased by 46.6 percent and reached 459,415 in the review period. The number of Nepali workers (renew entry) taking approval for foreign employment increased 0.5 percent to 260,262 in the review period. It had increased 208.3 percent in the same period of the previous year, the report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the NRB report, net transfer increased by 21.9 percent to reach Rs 1229.82 billion during this period. Such a transfer had increased 3.8 percent in the same period of the previous year. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18141', 'image' => '20230710012519_Remittance.jpg', 'article_date' => '2023-07-10 13:24:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18410', 'article_category_id' => '1', 'title' => 'Liberal Policy Vital for Economic Vibrancy: Finance Minister Mahat ', 'sub_title' => '', 'summary' => 'July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">July 10: Finance Minister Dr Prakash Sharan Mahat has underlined the need of a liberal monetary policy for the acceleration of economic activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Taking part in a discussion on "Nepal's economic situation and upcoming monetary policy," the finance minister said the economy would be vibrant if the issue of policy rate was addressed while formulating the monetary policy for the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A liberal policy is capable of making the economy vibrant, according to the finance minister. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He took time to insist on the collaboration between the Finance Ministry and the Nepal Rastra Bank to promote the nation's economy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Mahat said that the government wished the NRB to function independently and make efforts for the improvement of overall economy. </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"">“There should be coherence between the finance policy and monetary policy to operate the economy effectively,” he said.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He claimed that the government's fiscal policy emphasized on improving the economy. </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"">"At the moment, capital flow is limited due to high cost, preventing the economy to catch its vibrancy. The government prioritizes fiscal discipline," he said adding that it had controlled the unnecessary budget transfer. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> According to him, the government has set a target of achieving six percent economic growth in the upcoming fiscal year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Dr Dilliraj Khanal shared his view saying that the problem in the banking and financial sector would result in problems in the entire economy. "Although the economy is on the path to improvement, it is still in crisis. The liquidity has increased at present. However, the loans have not expanded," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that the government brought an extension-oriented monetary policy for the post-Covid recovery, he said that was required but it could not produce the expected output later on. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Economist Khanal said problems like investment in the unproductive sectors, limited big business houses using a large chunk of loans on concessional basis, cooperatives becoming problematic, among others are seen in the financial sector and these needed to be addressed. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-07-10', 'modified' => '2023-07-10', 'keywords' => '', 'description' => '', 'sortorder' => '18140', 'image' => '20230710121340_20230514062755_collage (17).jpg', 'article_date' => '2023-07-10 12:13:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
