June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit…
June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit…
June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal.…
June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY…
June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide.…
June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY…
June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. …
The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. This budget marks an increase of approximately Rs 140 million compared to the previous…
Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various…
The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon…
June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS.…
June 25: American singer Beyoncé has won a record number of Grammy Awards in her…
June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to…
June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives.…
June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last…
June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security…
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It dropped to 4 percent in January with an increase in liquidity. However, after the Nepal Rastra Bank mopped liquidity from the market through reverse repo, the interbank rate increased again and reached 8.5 percent in February. In recent times, the liquidity has eased again and bank deposits are increasing due to increase in remittances and government spending. Lack of credit flow is also responsible for the increase in liquidity. As there is more liquidity in the financial system, NRB mopped funds through reverse repo twice in a week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In recent times, despite the increase in bank deposits, flow of loans is minimal due to which the interest rates of interbank, treasury, development bonds etc are decreasing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the credit-deposit ratio (CD ratio) of banks remained at 83.97 percent. Since banks can maintain a CD ratio of up to 90 percent to extend loans, there is a situation where they can give more loans of about Rs 500 billion loans. However, there is no demand for loans due to the high interest rate and a decline in economic activities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the total deposits of banks and financial institutions have reached Rs 5571 billion and disbursement of loans has reached Rs 4855 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> As the liquidity becomes easier, the interest rate of the government's short-term bond treasury bills is gradually decreasing. Last Tuesday, the interest rate of Treasury Bills dropped to 4 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18013', 'image' => '20230626022148_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-06-26 14:21:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18281', 'article_category_id' => '1', 'title' => 'How Much Taxes have been Fixed for Various Businesses and Industries in KMC?', 'sub_title' => '', 'summary' => 'June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. The Finance Bill has proposed changing the tax rates within the jurisdiction of the metropolis in the next fiscal year. The metropolis has determined the commercial taxes by taking into consideration the nature of various businesses and the investment situation.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Beverage Manufacturers and Suppliers</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Finance Bill of the Kathmandu Metropolitan City, those registered in the soft drinks industry (Coca-Cola, Pepsi-Cola, Frooti, etc.) in the manufacturing business and industry will have to pay a tax of Rs 50,000 to the KMC. An annual fee of Rs 2,000 has been set for the renewal of license of the domestic industries that produce soda and soft drinks, Rs 50,000 for distillery industry, Rs 5,000 for various businesses involved in or industries that produce exportable goods and Rs 10,000 for businesses and industries involved in import of goods.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been fixed for the mineral water industry, Rs 10,000 for the ice cream industry (above three kilowatts) and Rs 2,000 for such domestic industries (up to three kilowatts).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 10,000 has been imposed on branded biscuits, bread rolls, cake industries and Rs 2,000 on domestic industries that produce such products. The dairy industry will have to pay Rs 10,000, while the mills will have to pay Rs 5,000, branded shoes and slippers industry will have to pay Rs 12,000, industries that manufacture bags, belts, purses etc will have to pay Rs 5,000 each.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, grocery and retail shop will have to pay Rs 2000 each for the renewal of their license while the renewal tax for wholesale grocery shop has been fixed at Rs 5000. Similarly, wholesale food sellers will have to pay Rs 10000 as taxes for license renewal while retailers will have to pay Rs 3000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Small Scale Industries</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for food industries (above five kilowatts) and Rs 5,000 for such small industries. Carpet, garment, pashmina and plastic industries will have to pay Rs 10,000 as annual tax. Meanwhile, an annual tax ranging from Rs 2000 to Rs 12000 has been fixed for copy, book and printing industry according to their capacity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, annual tax of Rs 50,000 has been fixed for underground water processing industry and Rs 7,000 for bottled and jar water industry.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Construction and Business</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The industrial enterprises that constructs and operates road bridges, ropeways, railways, tunnels, flyovers and industrial, commercial and residential complexes etc will be taxed Rs 25,000 each. Hostels with up to 50 people will have to pay Rs 3,000 as taxes and hostels with more than 50 people will have to pay Rs 5,000. Makeup studio will have to pay Rs 3000 as annual tax. Similarly, cushion-making industry will be taxed Rs 5000 and herbal industry Rs 2000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Agriculture</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The KMC has fixed annual tax of Rs 2000 for the beekeeping industry and Rs 3,000 for selling chicks. Similarly, a tax of Rs 1,000 has been set for retail shops selling fruits, juices and vegetables, Rs 2,000 for fruit and vegetable wholesale shops, and Rs 2,000 for nurseries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Retailers of fish/meat, eggs will have to pay Rs 2,500 and wholesalers will have to pay Rs 6,000. A tax of Rs 5,000 has been imposed for those who sell processed meat products. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, a tax of Rs 2,000 has been set for businesses engaged in vegetable farming, animal husbandry and other agricultural activities, Rs 7,000 for wholesale shops selling pet products (feed/food for pets) and Rs 3,000 for retail shops. Similarly, a tax of Rs 5,000 has been set for dog breeding centers, Rs 2,000 for modern animal slaughterhouses and shops selling vegetable seeds.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Tourism and Recreation</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the hotel and tourism sector and entertainment business, the KMC has fixed a tax of Rs 100,000 for five-star hotels, Rs 80,000 for four-star hotels, Rs 60,000 for three-star hotels, Rs 40,000 for two-star hotels and Rs 20,000 for one-star hotels. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for film halls, ordinary hotels, lodges, guesthouses, homestays with a capacity of more than 50 people, restaurants and bars (except dance bars), as well as travel and trekking agencies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has also been fixed for massage parlours, spa, jacuzzi, sauna, swimming pool among others. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 3,000 will be levied for contact offices of tourist sports (golf courses, rafting, safari, horse riding, skiing, gliding, water rafting, pony trekking, paragliding, polo, bungee jump, cable car, resort, hotel etc.). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 15,000 has been fixed for film production companies and Rs 5,000 on distribution companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 300,000 has been set for casinos and Rs 25,000 for mini casinos. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been set for trekking goods shops, businesses providing entertainment services, Thanka shops, dance training centers, businesses providing music related services, and tattoo houses. A fun park with an area of up to five ropanis will have to pay Rs 10,000, a fun park with an area of up to ten ropanies will have to pay Rs 20,000 and a fun park with an area of more than ten ropanis will have to pay Rs 30,000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Communication</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the communication sector, a tax of Rs 5,000 has been set for television broadcasting companies, Rs 1,000 for FM stations, Rs 2,000 for online businesses, Rs 500 for online news portals, Rs 2,000 for national newspapers, Rs 1,000 for local newspapers and Rs 2,000 for cyber cafes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 50,000 has been fixed for foreign airline service providers and Rs 25,000 for domestic airline services. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 25,000 will be levied on aircraft rental companies, discos, night clubs, foreign employment liaison businesses, etc.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18012', 'image' => '20230626014125_taxxxxx.jpg', 'article_date' => '2023-06-26 13:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18284', 'article_category_id' => '1', 'title' => 'Birgunj Metropolis Unveils Budget of Over Rs 3.21 Billion ', 'sub_title' => '', 'summary' => 'June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Mayor of the Metropolis, Rajeshman Singh, introduced the annual estimate of revenue and expenses in the 13th convention of the metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget by the only metropolis, over Rs 2.48 billion was allocated for the current expenses and over Rs 680 million for the capital expenses. Likewise, more than Rs 36 million has been set for financial management, informed Mayor Singh. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 1.2 billion would be received from the internal income while over Rs 1.3 billion would be received from the federal government as a financial transfer while over Rs 44 million is estimated from the provincial government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 250 million will be managed from the federal government revenue distribution and over Rs 27 million from provincial government's revenue distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the over Rs 3.4 billion allocated in the ongoing fiscal year, 71 per cent is expected to be spent by the end of the fiscal year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18010', 'image' => '20230626023540_Birgunjjjjjjjjjj.jpg', 'article_date' => '2023-06-26 14:34:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18279', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government's Attention Towards VAW, Natural Disasters ', 'sub_title' => '', 'summary' => 'June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. They urged the government to come up with prompt action to address these issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They demanded stern action against those engaged in the offences against women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Seeking time in the lower house meeting, Pratiksha Tiwari drew the government's attention towards the killings of women in Kavrepalanchwok and Bhojpur in recent days. </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"">Poverty, lack of women empowerment and lack of awareness about laws are among the factors contributing to rising incidences of VAW, according to the lawmaker.</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"">"Violence against women must be prevented," she said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sushila Thing demanded the government ensure proper compensation to those affected by recent monsoon-induced floods and landslides. She informing the House that Golanjar rural municipality in Sindhuli had been largely affected by the flood. The disaster has posed a grave threat to Tinmane and Bhalukhola, according to Thing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Devendra Paudel apprised the House of the losses of lives and property by lightning in Dhorpatan of Baglung and in road accidents as well. He urged the government to provide compensation to the affected people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shiba Nepal stressed the need of making citizens aware of disaster preparedness and possible preventive measures. He informed the House that lately three people were killed by lightning in Dang and other parts of the country also reported lightning fatalities. He called for government's measures to mitigate losses from natural disasters. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18009', 'image' => '20230626122235_parliament building.jpg', 'article_date' => '2023-06-26 12:19:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18278', 'article_category_id' => '1', 'title' => 'Biratnagar Metropolis Unveils Budget of Rs 3.28 Billion for Upcoming Fiscal Year ', 'sub_title' => '', 'summary' => 'June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Shilpa Nirala Karki unveiled the annual estimate of revenue and expenses in the 12th Municipal Assembly of the Metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget, Rs 68 million has been set for the administrative works including operation of the offices while over Rs 1.65 billion has been allocated for the development of physical infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, over Rs 39 million has been allocated for economic development. Health sector has received Rs 130 million budgets while education has got Rs 670 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 30 million has been set aside for good-governance and related sector while over Rs 27 million has been earmarked for disaster management, it was shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other allocations include a budget of Rs 380 million for major projects at ward level and Rs 200 million for those at municipality level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The metropolis has allocated Rs 100 million for the maintenance of the road while over Rs 26 million has been set aside for water purifier centre among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18008', 'image' => '20230626114809_Biratnagar.jpg', 'article_date' => '2023-06-26 11:47:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18277', 'article_category_id' => '1', 'title' => 'Bharatpur Metropolitan City Announces Budget of Rs 6.31 Billion for FY 2023/24 ', 'sub_title' => '', 'summary' => 'June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor of Bharatpur Chitrasen Adhikari tabled the budget in the 13th municipal assembly on Sunday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The budget has provision to implement programmes from the ward-level and Rs 20 million has been allocated to each ward for the implementation of such projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Adhikari said that a Complementary Partnership Fund would be established and implemented for the development of mega and the strategically important projects for which Rs 100 million has been allocated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bharatpur Metropolitan City has allocated Rs 160 million for urban beautification and land-utilisation, and settlement development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rs 70 million has been allocated for the implementation of agriculture-related policy that include mechanization of agriculture, capacity building of farmers, technology transfer, production of seeds, providing grants to the farmers based on the quantity of the farmers and other activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Metropolitan City has allocated Rs 40 million to run special health programme targeting children, senior citizens and women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Rs 30 million has been allocated to complete the incomplete task of Gautam Buddha International Cricket Stadium establishing partnership and cooperation with the federal government and Bagmati Province government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18007', 'image' => '20230626110641_Bharatpur.jpg', 'article_date' => '2023-06-26 11:06:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18276', 'article_category_id' => '1', 'title' => 'KMC Unveils Budget of Rs 25 Billion for Fiscal Year 2023/24', 'sub_title' => '', 'summary' => 'The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. This budget marks an increase of approximately Rs 140 million compared to the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This budget marks an increase of approximately Rs 140 million compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> KMC's Deputy Mayor, Sunita Dangol, who also serves as the coordinator of the budget and program committee, presented the budget at the City Hall in Kathmandu. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total budget, over Rs 8.6 billion has been allocated for current expenditure, while more than Rs 16.9 billion has been earmarked for capital expenditure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Notably, the KMC has prioritized health, education, and infrastructure development in its budget. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">For infrastructure development, an allocation of over Rs 7.3 billion has been made, while Rs 1.3 billion has been set aside for education and Rs 926 million for health.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the KMC has allocated Rs 3.8 billion for its pride projects, focusing on 10 thematic areas, and Rs 2 billion for projects related to 25 thematic areas as part of the City's golden plan. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, Rs 70 million has been allocated specifically for waste management initiatives.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18006', 'image' => '20230626060036_collage (4).jpg', 'article_date' => '2023-06-26 05:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18275', 'article_category_id' => '1', 'title' => 'Pokhara Metropolitan City Releases Budget of Rs 7.15 billion', 'sub_title' => '', 'summary' => 'Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The proposed budget includes Rs 2 billion for infrastructure development, Rs 700 million for tourism, urban development, and environment, and Rs 100 million for economic development. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, the city has set aside Rs 65 million for social development. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">In terms of funding sources, the Pokhara Metropolitan City expects to receive Rs 2.76 billion as a grant from the federal government, Rs 102.3 million from the province government, and Rs 2.27 billion from internal income.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the city plans to manage Rs 366.2 million from federal revenue distribution, Rs 82.5 million from province revenue distribution, and Rs 1.1 billion from local revenue distribution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The budget reflects the prioritization of key sectors such as infrastructure, tourism, and social development, with the aim of enhancing the overall growth and welfare of the Pokhara Metropolitan City.</span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18005', 'image' => '20230626055048_collage (3).jpg', 'article_date' => '2023-06-26 05:49:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18273', 'article_category_id' => '1', 'title' => 'NDRRMA Warns of Heat Wave in Monsoon Season', 'sub_title' => '', 'summary' => 'The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">June 25: The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Although heat waves are more commonly associated with the pre-monsoon period, the Authority stated that there is a possibility of experiencing a short duration of the heat wave during the monsoon season as well. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The authority has advised the public to remain vigilant and prepared for this potential atmospheric adversity.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Anil Pokhrel, the Chief Executive Officer of the NDRRMA, this monsoon season is predicted to have below-average rainfall, which could result in hotter days compared to the usual conditions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As a consequence, agricultural production is expected to decline this year. Moreover, there is a heightened risk of waterborne and communicable diseases during the monsoon season. The public is urged to exercise caution and prioritize their health.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Historically, monsoon seasons have seen the emergence of health issues such as jaundice, cholera, diarrhoea, respiratory illnesses, malaria, dengue, influenza, and flu-like illnesses. The data reveals that the country typically experiences around 500 deaths annually from cholera, kala-azar, diarrhea, and snakebites during the monsoon season.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">In light of these warnings, it is essential for individuals and communities to take preventive measures, stay informed about weather updates, and prioritize their health and safety during the monsoon season. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18004', 'image' => '20230625054122_collage (50).jpg', 'article_date' => '2023-06-25 17:40:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18272', 'article_category_id' => '1', 'title' => 'Non-cooperation for Family Members to Get Citizenship is now Punishable by Law ', 'sub_title' => '', 'summary' => 'June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. This is punishable by three months in prison and Rs 10,000 in fine. In this case, the respective district office can direct the family members to cooperate for other members of the same family to get a citizenship card. Violation of this directive is subjected to punishment. This is expected to help people acquire a citizenship certificate when their family tries to disown them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has provisioned the grant of a Nepali citizenship certificate to non-resident Nepalis along with their access to social, cultural and economic rights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Member of the House of Representatives Raj Kumar Sharma said with the implementation of the Act, around 3.5 million people would get a Nepali citizenship certificate. He was participating in a discussion orgaanised by the Forum for Women, Law and Development. The theme of the discussion was the ‘role of media in the implementation of the Nepal Citizenship (First Amendment) Act, 2079 BS’. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the forum’s executive director Sabin Shrestha said the Act still discriminates against women who have married a foreign national because a provision in the Act does not allow to grant a Nepali citizenship card to their husbands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other speakers, Sushma Gautam, Binod Devkota and Binu Lama stressed the need for reviewing the provision that makes it mandatory for those in ‘other’ category to get recommendations from the medical committee to get a Nepali citizenship certificate. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18003', 'image' => '20230625030448_citizenship.jpg', 'article_date' => '2023-06-25 15:04:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18271', 'article_category_id' => '1', 'title' => 'Swedish Economist Blames Concert of American Singer Beyoncé for Inflation', 'sub_title' => '', 'summary' => 'June 25: American singer Beyoncé has won a record number of Grammy Awards in her career.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">AGENCIES</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: American singer Beyoncé has won a record number of Grammy Awards in her career. She is one of the best-selling singers in the world. Beyoncé has achieved many successes and achievements in the music world. Now something new has been associated with her name.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to an economic expert, Beyoncé is the reason why inflation is so high in Sweden. Compared to April, Sweden's annual inflation rate decreased from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May, according to government data. This decrease is much less than what economists had estimated.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Economists expected inflation to drop to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">7.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May. Michael Grahn, chief economist for Sweden at Danske Bank, says Beyoncé, is one of the reasons why inflation has not come down to expected levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Beyoncé's world tour began in Stockholm on May </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">People from America and all over the world came to Sweden to watch the tour. Prices in hotels and accommodation increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.7</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May compared to the previous month. Beyoncé's concerts in the US were expensive, so there were reports that fans went to Europe.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As it became cheaper to go to Europe to see the concert, the arrival of Beyoncé's fans increased rapidly in May. In other countries, there was no problem in making arrangements for the sudden arrival of tourists. It was difficult for Sweden. Everything from concerts was cheap for foreigners spending dollars.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Not all economists are ready to believe that Beyoncé caused the inflation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Markus Wieden, an economist at the Nordic cooperative bank under the SEB Group, said hotel stays became more expensive across the country in May. Like other European countries, Sweden has been experiencing high prices ever since the wholesale energy market collapsed due to the Russia-Ukraine war. Due to its effect, inflation might have decreased by a little less than expected. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18002', 'image' => '20230625025320_1687084360.beyonce.jpg', 'article_date' => '2023-06-25 14:52:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18270', 'article_category_id' => '1', 'title' => 'Local Bodies Alarmed by the Federal Government’s Decision to Cut Fiscal Equalization Grant', 'sub_title' => '', 'summary' => 'June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The tension between the local level and the federal government increased after the Ministry of Finance tried to cut </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the last installment of the fiscal equalization grant for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Municipal Association of Nepal and the National Federation of Rural Municipalities in Nepal have accused the government of working against federalism by cutting the grants. They have tried to stop the government's attempt to cut the grant by knocking the door of the constitutional body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After both the organizations submitted a memorandum to the National Natural Resources and Finance Commission regarding the reduction of the fiscal equalization grant, the commission wrote to the Ministry of Finance asking them not to reduce the grant amount. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A letter written recently by the Finance Commission, which is a constitutional body, states, “Using the powers vested by the constitution and the law, the National Natural Resources and Finance Commission has recommended the transfer of funds from the Federal Reserves to the provinces and local levels and has drawn the attention of the government and the Council of Ministers to make arrangements to transfer the funds as per the budget passed by the Federal Parliament for the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Only a few days ago, the National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal had met the Chairman of the commission, Balananda Paudel, and submitted a memorandum requesting him to take initiative.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Regarding the reduction of the fiscal equalization grant, the Executive Director of the Municipal Association of Nepal, Kalanidhi Devkota, said that fiscal federalism may fail if the government cuts the grants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Devkota says that if the decision is not taken back, development work and payments at the local level will be stopped.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> The National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal have been stating that cutting half of the fiscal equalization grant in the last installment is unconstitutional. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“As per the decision, the government has withheld the release of around Rs 12 billion which is required for half of the final installment amount. The amount is not difficult for the federal government to manage if it takes efficient measures to handle its expenditures and budget,” said Devkota.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhim Dhungana, President of the National Association of Rural Municipalities in Nepal, stated that cutting the equalization grant by half in the last installment was unconstitutional and stressed that the decision of the federal government should be corrected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the direct impact of the government's decision has been seen in the development of the local units. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Therefore, the unconstitutional decision of the federal government must be corrected. For that, we held a discussion with Finance Minister Dr Prakash Sharan Mahat. The dialogue with him was positive," Dhungana said.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18000', 'image' => '20230625021622_MoF-scaled.jpg', 'article_date' => '2023-06-25 14:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18269', 'article_category_id' => '1', 'title' => 'Proposals to Cut Expenditures of Vice President’s Office Tabled in House ', 'sub_title' => '', 'summary' => 'June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. Parliamentarians Dr Amaresh Kumar Singh, Bhagawati Chaudhary and Prem Suwal presented the proposals during the lower house meeting on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations are scheduled on various subjects relating to the Office of the Vice President as part of discussions on various subjects of the Appropriation Bill, 2080. As per the schedule, Singh and Chaudhary tabled the proposals demanding the reduction of expenditures belonging to the Office of the Vice President to Rs 1.</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"">Similarly, Suwal called for significantly reducing expenditures belonging to the Office of the Vice President. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They argued that people’s faith in the offices of the president and vice president is decreasing due to ‘extravagant spending’ by these institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, Singh said facilities and expenses done by the Office of the Vice President including that under the heading of vehicles and fuels should be cut, and the budget saved from this should be spent on health and education. Services and facilities given to the vice president are enough, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17999', 'image' => '20230625015241_Parliament RSS 800.jpg', 'article_date' => '2023-06-25 13:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18268', 'article_category_id' => '1', 'title' => 'Pre-Monsoon Paddy Fetches Double Price for Farmers compared to Last Season', 'sub_title' => '', 'summary' => 'June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year. The pre-monsoon paddy, which was priced at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">550</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year, is being traded at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhagirath Ghimire of Morang’s Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> said that he was excited when the traders began to give good prices for the pre-monsoon paddy, which is planted in the spring season and harvested in June. "In the previous years, pre-monsoon paddy did not even cover the farmers’ production cost, but this year we got an unexpected price," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Koshi provincial government has decided to give an incentive of Rs 500 for producing pre-monsoon paddy per kathha (0.031 acre) of land. But many farmers said that they were not aware of this facility. Deepen Rai of Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, who planted pre-monsoon paddy on one bigha (0.625 acre) of land, said that the farmers would be relieved to get this facility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ramdev Singh, head of the Agriculture Knowledge Centre, Biratnagar, said that out of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">hectares of cultivable land in Morang, pre-monsoon paddy is harvested in only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">21,900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares while </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">83,300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares is used for the traditional monsoon paddy plantation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the district produces </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> metric tons of rice per hectare.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to the lack of fair price, the farmers' attraction towards pre-monsoon paddy was decreasing, but this year's price has increased the farmers' attraction towards the pre-monsoon paddy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pre-monsoon paddy is cultivated even in winter with the help of irrigation facility.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17998', 'image' => '20230625124405_1687670001.चैते धान.jpg', 'article_date' => '2023-06-25 12:43:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18267', 'article_category_id' => '1', 'title' => 'SSF Settles Claims of Rs 5 Billion', 'sub_title' => '', 'summary' => 'June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme. So far, the fund has paid Rs 4.79 billion to the contributors through various security schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has been running medical, health and maternity, accident and disability, dependent family and old age security schemes. So far, 84,673 contributors have taken benefits from the fund under various schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has released Rs 554.44 million for medicine, health and maternity scheme, 67.49 million under accident and disability protection scheme, 79.6 million for dependent family protection scheme and 4 billion under old age protection scheme. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The SSF has collected Rs 35.10 billion from the contributors so far. Workers from the formal sector and foreign employment have been contributing to the fund. The fund is said that the process of including informal sector workers and self-employed workers in the social security scheme is in the final stage.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of now, a total of 17,964 employers and 592,924 workers have been registered in the fund. The government had announced the social security scheme on November 27, 2018.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17997', 'image' => '20230625113845_SSF (1).jpg', 'article_date' => '2023-06-25 11:36:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18282', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Drops to 2.65 Percent', 'sub_title' => '', 'summary' => 'June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit expansion.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit expansion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The interbank interest rate, which started falling continuously since the beginning of June, was fixed at 2.65 percent on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The interbank interest rate, which was 5.74 percent last Wednesday, fell to 4.01 percent last Monday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the current fiscal year, the interbank interest rate exceeded 8 percent. It dropped to 4 percent in January with an increase in liquidity. However, after the Nepal Rastra Bank mopped liquidity from the market through reverse repo, the interbank rate increased again and reached 8.5 percent in February. In recent times, the liquidity has eased again and bank deposits are increasing due to increase in remittances and government spending. Lack of credit flow is also responsible for the increase in liquidity. As there is more liquidity in the financial system, NRB mopped funds through reverse repo twice in a week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In recent times, despite the increase in bank deposits, flow of loans is minimal due to which the interest rates of interbank, treasury, development bonds etc are decreasing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the credit-deposit ratio (CD ratio) of banks remained at 83.97 percent. Since banks can maintain a CD ratio of up to 90 percent to extend loans, there is a situation where they can give more loans of about Rs 500 billion loans. However, there is no demand for loans due to the high interest rate and a decline in economic activities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the total deposits of banks and financial institutions have reached Rs 5571 billion and disbursement of loans has reached Rs 4855 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> As the liquidity becomes easier, the interest rate of the government's short-term bond treasury bills is gradually decreasing. Last Tuesday, the interest rate of Treasury Bills dropped to 4 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18013', 'image' => '20230626022148_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-06-26 14:21:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18281', 'article_category_id' => '1', 'title' => 'How Much Taxes have been Fixed for Various Businesses and Industries in KMC?', 'sub_title' => '', 'summary' => 'June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. The Finance Bill has proposed changing the tax rates within the jurisdiction of the metropolis in the next fiscal year. The metropolis has determined the commercial taxes by taking into consideration the nature of various businesses and the investment situation.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Beverage Manufacturers and Suppliers</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Finance Bill of the Kathmandu Metropolitan City, those registered in the soft drinks industry (Coca-Cola, Pepsi-Cola, Frooti, etc.) in the manufacturing business and industry will have to pay a tax of Rs 50,000 to the KMC. An annual fee of Rs 2,000 has been set for the renewal of license of the domestic industries that produce soda and soft drinks, Rs 50,000 for distillery industry, Rs 5,000 for various businesses involved in or industries that produce exportable goods and Rs 10,000 for businesses and industries involved in import of goods.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been fixed for the mineral water industry, Rs 10,000 for the ice cream industry (above three kilowatts) and Rs 2,000 for such domestic industries (up to three kilowatts).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 10,000 has been imposed on branded biscuits, bread rolls, cake industries and Rs 2,000 on domestic industries that produce such products. The dairy industry will have to pay Rs 10,000, while the mills will have to pay Rs 5,000, branded shoes and slippers industry will have to pay Rs 12,000, industries that manufacture bags, belts, purses etc will have to pay Rs 5,000 each.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, grocery and retail shop will have to pay Rs 2000 each for the renewal of their license while the renewal tax for wholesale grocery shop has been fixed at Rs 5000. Similarly, wholesale food sellers will have to pay Rs 10000 as taxes for license renewal while retailers will have to pay Rs 3000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Small Scale Industries</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for food industries (above five kilowatts) and Rs 5,000 for such small industries. Carpet, garment, pashmina and plastic industries will have to pay Rs 10,000 as annual tax. Meanwhile, an annual tax ranging from Rs 2000 to Rs 12000 has been fixed for copy, book and printing industry according to their capacity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, annual tax of Rs 50,000 has been fixed for underground water processing industry and Rs 7,000 for bottled and jar water industry.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Construction and Business</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The industrial enterprises that constructs and operates road bridges, ropeways, railways, tunnels, flyovers and industrial, commercial and residential complexes etc will be taxed Rs 25,000 each. Hostels with up to 50 people will have to pay Rs 3,000 as taxes and hostels with more than 50 people will have to pay Rs 5,000. Makeup studio will have to pay Rs 3000 as annual tax. Similarly, cushion-making industry will be taxed Rs 5000 and herbal industry Rs 2000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Agriculture</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The KMC has fixed annual tax of Rs 2000 for the beekeeping industry and Rs 3,000 for selling chicks. Similarly, a tax of Rs 1,000 has been set for retail shops selling fruits, juices and vegetables, Rs 2,000 for fruit and vegetable wholesale shops, and Rs 2,000 for nurseries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Retailers of fish/meat, eggs will have to pay Rs 2,500 and wholesalers will have to pay Rs 6,000. A tax of Rs 5,000 has been imposed for those who sell processed meat products. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, a tax of Rs 2,000 has been set for businesses engaged in vegetable farming, animal husbandry and other agricultural activities, Rs 7,000 for wholesale shops selling pet products (feed/food for pets) and Rs 3,000 for retail shops. Similarly, a tax of Rs 5,000 has been set for dog breeding centers, Rs 2,000 for modern animal slaughterhouses and shops selling vegetable seeds.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Tourism and Recreation</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the hotel and tourism sector and entertainment business, the KMC has fixed a tax of Rs 100,000 for five-star hotels, Rs 80,000 for four-star hotels, Rs 60,000 for three-star hotels, Rs 40,000 for two-star hotels and Rs 20,000 for one-star hotels. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for film halls, ordinary hotels, lodges, guesthouses, homestays with a capacity of more than 50 people, restaurants and bars (except dance bars), as well as travel and trekking agencies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has also been fixed for massage parlours, spa, jacuzzi, sauna, swimming pool among others. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 3,000 will be levied for contact offices of tourist sports (golf courses, rafting, safari, horse riding, skiing, gliding, water rafting, pony trekking, paragliding, polo, bungee jump, cable car, resort, hotel etc.). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 15,000 has been fixed for film production companies and Rs 5,000 on distribution companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 300,000 has been set for casinos and Rs 25,000 for mini casinos. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been set for trekking goods shops, businesses providing entertainment services, Thanka shops, dance training centers, businesses providing music related services, and tattoo houses. A fun park with an area of up to five ropanis will have to pay Rs 10,000, a fun park with an area of up to ten ropanies will have to pay Rs 20,000 and a fun park with an area of more than ten ropanis will have to pay Rs 30,000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Communication</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the communication sector, a tax of Rs 5,000 has been set for television broadcasting companies, Rs 1,000 for FM stations, Rs 2,000 for online businesses, Rs 500 for online news portals, Rs 2,000 for national newspapers, Rs 1,000 for local newspapers and Rs 2,000 for cyber cafes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 50,000 has been fixed for foreign airline service providers and Rs 25,000 for domestic airline services. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 25,000 will be levied on aircraft rental companies, discos, night clubs, foreign employment liaison businesses, etc.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18012', 'image' => '20230626014125_taxxxxx.jpg', 'article_date' => '2023-06-26 13:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18284', 'article_category_id' => '1', 'title' => 'Birgunj Metropolis Unveils Budget of Over Rs 3.21 Billion ', 'sub_title' => '', 'summary' => 'June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Mayor of the Metropolis, Rajeshman Singh, introduced the annual estimate of revenue and expenses in the 13th convention of the metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget by the only metropolis, over Rs 2.48 billion was allocated for the current expenses and over Rs 680 million for the capital expenses. Likewise, more than Rs 36 million has been set for financial management, informed Mayor Singh. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 1.2 billion would be received from the internal income while over Rs 1.3 billion would be received from the federal government as a financial transfer while over Rs 44 million is estimated from the provincial government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 250 million will be managed from the federal government revenue distribution and over Rs 27 million from provincial government's revenue distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the over Rs 3.4 billion allocated in the ongoing fiscal year, 71 per cent is expected to be spent by the end of the fiscal year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18010', 'image' => '20230626023540_Birgunjjjjjjjjjj.jpg', 'article_date' => '2023-06-26 14:34:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18279', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government's Attention Towards VAW, Natural Disasters ', 'sub_title' => '', 'summary' => 'June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. They urged the government to come up with prompt action to address these issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They demanded stern action against those engaged in the offences against women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Seeking time in the lower house meeting, Pratiksha Tiwari drew the government's attention towards the killings of women in Kavrepalanchwok and Bhojpur in recent days. </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"">Poverty, lack of women empowerment and lack of awareness about laws are among the factors contributing to rising incidences of VAW, according to the lawmaker.</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"">"Violence against women must be prevented," she said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sushila Thing demanded the government ensure proper compensation to those affected by recent monsoon-induced floods and landslides. She informing the House that Golanjar rural municipality in Sindhuli had been largely affected by the flood. The disaster has posed a grave threat to Tinmane and Bhalukhola, according to Thing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Devendra Paudel apprised the House of the losses of lives and property by lightning in Dhorpatan of Baglung and in road accidents as well. He urged the government to provide compensation to the affected people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shiba Nepal stressed the need of making citizens aware of disaster preparedness and possible preventive measures. He informed the House that lately three people were killed by lightning in Dang and other parts of the country also reported lightning fatalities. He called for government's measures to mitigate losses from natural disasters. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18009', 'image' => '20230626122235_parliament building.jpg', 'article_date' => '2023-06-26 12:19:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18278', 'article_category_id' => '1', 'title' => 'Biratnagar Metropolis Unveils Budget of Rs 3.28 Billion for Upcoming Fiscal Year ', 'sub_title' => '', 'summary' => 'June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Shilpa Nirala Karki unveiled the annual estimate of revenue and expenses in the 12th Municipal Assembly of the Metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget, Rs 68 million has been set for the administrative works including operation of the offices while over Rs 1.65 billion has been allocated for the development of physical infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, over Rs 39 million has been allocated for economic development. Health sector has received Rs 130 million budgets while education has got Rs 670 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 30 million has been set aside for good-governance and related sector while over Rs 27 million has been earmarked for disaster management, it was shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other allocations include a budget of Rs 380 million for major projects at ward level and Rs 200 million for those at municipality level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The metropolis has allocated Rs 100 million for the maintenance of the road while over Rs 26 million has been set aside for water purifier centre among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18008', 'image' => '20230626114809_Biratnagar.jpg', 'article_date' => '2023-06-26 11:47:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18277', 'article_category_id' => '1', 'title' => 'Bharatpur Metropolitan City Announces Budget of Rs 6.31 Billion for FY 2023/24 ', 'sub_title' => '', 'summary' => 'June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor of Bharatpur Chitrasen Adhikari tabled the budget in the 13th municipal assembly on Sunday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The budget has provision to implement programmes from the ward-level and Rs 20 million has been allocated to each ward for the implementation of such projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Adhikari said that a Complementary Partnership Fund would be established and implemented for the development of mega and the strategically important projects for which Rs 100 million has been allocated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bharatpur Metropolitan City has allocated Rs 160 million for urban beautification and land-utilisation, and settlement development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rs 70 million has been allocated for the implementation of agriculture-related policy that include mechanization of agriculture, capacity building of farmers, technology transfer, production of seeds, providing grants to the farmers based on the quantity of the farmers and other activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Metropolitan City has allocated Rs 40 million to run special health programme targeting children, senior citizens and women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Rs 30 million has been allocated to complete the incomplete task of Gautam Buddha International Cricket Stadium establishing partnership and cooperation with the federal government and Bagmati Province government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18007', 'image' => '20230626110641_Bharatpur.jpg', 'article_date' => '2023-06-26 11:06:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18276', 'article_category_id' => '1', 'title' => 'KMC Unveils Budget of Rs 25 Billion for Fiscal Year 2023/24', 'sub_title' => '', 'summary' => 'The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. This budget marks an increase of approximately Rs 140 million compared to the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This budget marks an increase of approximately Rs 140 million compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> KMC's Deputy Mayor, Sunita Dangol, who also serves as the coordinator of the budget and program committee, presented the budget at the City Hall in Kathmandu. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total budget, over Rs 8.6 billion has been allocated for current expenditure, while more than Rs 16.9 billion has been earmarked for capital expenditure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Notably, the KMC has prioritized health, education, and infrastructure development in its budget. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">For infrastructure development, an allocation of over Rs 7.3 billion has been made, while Rs 1.3 billion has been set aside for education and Rs 926 million for health.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the KMC has allocated Rs 3.8 billion for its pride projects, focusing on 10 thematic areas, and Rs 2 billion for projects related to 25 thematic areas as part of the City's golden plan. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, Rs 70 million has been allocated specifically for waste management initiatives.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18006', 'image' => '20230626060036_collage (4).jpg', 'article_date' => '2023-06-26 05:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18275', 'article_category_id' => '1', 'title' => 'Pokhara Metropolitan City Releases Budget of Rs 7.15 billion', 'sub_title' => '', 'summary' => 'Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The proposed budget includes Rs 2 billion for infrastructure development, Rs 700 million for tourism, urban development, and environment, and Rs 100 million for economic development. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, the city has set aside Rs 65 million for social development. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">In terms of funding sources, the Pokhara Metropolitan City expects to receive Rs 2.76 billion as a grant from the federal government, Rs 102.3 million from the province government, and Rs 2.27 billion from internal income.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the city plans to manage Rs 366.2 million from federal revenue distribution, Rs 82.5 million from province revenue distribution, and Rs 1.1 billion from local revenue distribution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The budget reflects the prioritization of key sectors such as infrastructure, tourism, and social development, with the aim of enhancing the overall growth and welfare of the Pokhara Metropolitan City.</span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18005', 'image' => '20230626055048_collage (3).jpg', 'article_date' => '2023-06-26 05:49:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18273', 'article_category_id' => '1', 'title' => 'NDRRMA Warns of Heat Wave in Monsoon Season', 'sub_title' => '', 'summary' => 'The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">June 25: The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Although heat waves are more commonly associated with the pre-monsoon period, the Authority stated that there is a possibility of experiencing a short duration of the heat wave during the monsoon season as well. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The authority has advised the public to remain vigilant and prepared for this potential atmospheric adversity.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Anil Pokhrel, the Chief Executive Officer of the NDRRMA, this monsoon season is predicted to have below-average rainfall, which could result in hotter days compared to the usual conditions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As a consequence, agricultural production is expected to decline this year. Moreover, there is a heightened risk of waterborne and communicable diseases during the monsoon season. The public is urged to exercise caution and prioritize their health.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Historically, monsoon seasons have seen the emergence of health issues such as jaundice, cholera, diarrhoea, respiratory illnesses, malaria, dengue, influenza, and flu-like illnesses. The data reveals that the country typically experiences around 500 deaths annually from cholera, kala-azar, diarrhea, and snakebites during the monsoon season.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">In light of these warnings, it is essential for individuals and communities to take preventive measures, stay informed about weather updates, and prioritize their health and safety during the monsoon season. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18004', 'image' => '20230625054122_collage (50).jpg', 'article_date' => '2023-06-25 17:40:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18272', 'article_category_id' => '1', 'title' => 'Non-cooperation for Family Members to Get Citizenship is now Punishable by Law ', 'sub_title' => '', 'summary' => 'June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. This is punishable by three months in prison and Rs 10,000 in fine. In this case, the respective district office can direct the family members to cooperate for other members of the same family to get a citizenship card. Violation of this directive is subjected to punishment. This is expected to help people acquire a citizenship certificate when their family tries to disown them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has provisioned the grant of a Nepali citizenship certificate to non-resident Nepalis along with their access to social, cultural and economic rights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Member of the House of Representatives Raj Kumar Sharma said with the implementation of the Act, around 3.5 million people would get a Nepali citizenship certificate. He was participating in a discussion orgaanised by the Forum for Women, Law and Development. The theme of the discussion was the ‘role of media in the implementation of the Nepal Citizenship (First Amendment) Act, 2079 BS’. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the forum’s executive director Sabin Shrestha said the Act still discriminates against women who have married a foreign national because a provision in the Act does not allow to grant a Nepali citizenship card to their husbands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other speakers, Sushma Gautam, Binod Devkota and Binu Lama stressed the need for reviewing the provision that makes it mandatory for those in ‘other’ category to get recommendations from the medical committee to get a Nepali citizenship certificate. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18003', 'image' => '20230625030448_citizenship.jpg', 'article_date' => '2023-06-25 15:04:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18271', 'article_category_id' => '1', 'title' => 'Swedish Economist Blames Concert of American Singer Beyoncé for Inflation', 'sub_title' => '', 'summary' => 'June 25: American singer Beyoncé has won a record number of Grammy Awards in her career.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">AGENCIES</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: American singer Beyoncé has won a record number of Grammy Awards in her career. She is one of the best-selling singers in the world. Beyoncé has achieved many successes and achievements in the music world. Now something new has been associated with her name.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to an economic expert, Beyoncé is the reason why inflation is so high in Sweden. Compared to April, Sweden's annual inflation rate decreased from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May, according to government data. This decrease is much less than what economists had estimated.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Economists expected inflation to drop to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">7.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May. Michael Grahn, chief economist for Sweden at Danske Bank, says Beyoncé, is one of the reasons why inflation has not come down to expected levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Beyoncé's world tour began in Stockholm on May </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">People from America and all over the world came to Sweden to watch the tour. Prices in hotels and accommodation increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.7</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May compared to the previous month. Beyoncé's concerts in the US were expensive, so there were reports that fans went to Europe.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As it became cheaper to go to Europe to see the concert, the arrival of Beyoncé's fans increased rapidly in May. In other countries, there was no problem in making arrangements for the sudden arrival of tourists. It was difficult for Sweden. Everything from concerts was cheap for foreigners spending dollars.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Not all economists are ready to believe that Beyoncé caused the inflation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Markus Wieden, an economist at the Nordic cooperative bank under the SEB Group, said hotel stays became more expensive across the country in May. Like other European countries, Sweden has been experiencing high prices ever since the wholesale energy market collapsed due to the Russia-Ukraine war. Due to its effect, inflation might have decreased by a little less than expected. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18002', 'image' => '20230625025320_1687084360.beyonce.jpg', 'article_date' => '2023-06-25 14:52:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18270', 'article_category_id' => '1', 'title' => 'Local Bodies Alarmed by the Federal Government’s Decision to Cut Fiscal Equalization Grant', 'sub_title' => '', 'summary' => 'June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The tension between the local level and the federal government increased after the Ministry of Finance tried to cut </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the last installment of the fiscal equalization grant for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Municipal Association of Nepal and the National Federation of Rural Municipalities in Nepal have accused the government of working against federalism by cutting the grants. They have tried to stop the government's attempt to cut the grant by knocking the door of the constitutional body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After both the organizations submitted a memorandum to the National Natural Resources and Finance Commission regarding the reduction of the fiscal equalization grant, the commission wrote to the Ministry of Finance asking them not to reduce the grant amount. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A letter written recently by the Finance Commission, which is a constitutional body, states, “Using the powers vested by the constitution and the law, the National Natural Resources and Finance Commission has recommended the transfer of funds from the Federal Reserves to the provinces and local levels and has drawn the attention of the government and the Council of Ministers to make arrangements to transfer the funds as per the budget passed by the Federal Parliament for the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Only a few days ago, the National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal had met the Chairman of the commission, Balananda Paudel, and submitted a memorandum requesting him to take initiative.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Regarding the reduction of the fiscal equalization grant, the Executive Director of the Municipal Association of Nepal, Kalanidhi Devkota, said that fiscal federalism may fail if the government cuts the grants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Devkota says that if the decision is not taken back, development work and payments at the local level will be stopped.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> The National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal have been stating that cutting half of the fiscal equalization grant in the last installment is unconstitutional. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“As per the decision, the government has withheld the release of around Rs 12 billion which is required for half of the final installment amount. The amount is not difficult for the federal government to manage if it takes efficient measures to handle its expenditures and budget,” said Devkota.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhim Dhungana, President of the National Association of Rural Municipalities in Nepal, stated that cutting the equalization grant by half in the last installment was unconstitutional and stressed that the decision of the federal government should be corrected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the direct impact of the government's decision has been seen in the development of the local units. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Therefore, the unconstitutional decision of the federal government must be corrected. For that, we held a discussion with Finance Minister Dr Prakash Sharan Mahat. The dialogue with him was positive," Dhungana said.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18000', 'image' => '20230625021622_MoF-scaled.jpg', 'article_date' => '2023-06-25 14:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18269', 'article_category_id' => '1', 'title' => 'Proposals to Cut Expenditures of Vice President’s Office Tabled in House ', 'sub_title' => '', 'summary' => 'June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. Parliamentarians Dr Amaresh Kumar Singh, Bhagawati Chaudhary and Prem Suwal presented the proposals during the lower house meeting on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations are scheduled on various subjects relating to the Office of the Vice President as part of discussions on various subjects of the Appropriation Bill, 2080. As per the schedule, Singh and Chaudhary tabled the proposals demanding the reduction of expenditures belonging to the Office of the Vice President to Rs 1.</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"">Similarly, Suwal called for significantly reducing expenditures belonging to the Office of the Vice President. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They argued that people’s faith in the offices of the president and vice president is decreasing due to ‘extravagant spending’ by these institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, Singh said facilities and expenses done by the Office of the Vice President including that under the heading of vehicles and fuels should be cut, and the budget saved from this should be spent on health and education. Services and facilities given to the vice president are enough, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17999', 'image' => '20230625015241_Parliament RSS 800.jpg', 'article_date' => '2023-06-25 13:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18268', 'article_category_id' => '1', 'title' => 'Pre-Monsoon Paddy Fetches Double Price for Farmers compared to Last Season', 'sub_title' => '', 'summary' => 'June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year. The pre-monsoon paddy, which was priced at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">550</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year, is being traded at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhagirath Ghimire of Morang’s Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> said that he was excited when the traders began to give good prices for the pre-monsoon paddy, which is planted in the spring season and harvested in June. "In the previous years, pre-monsoon paddy did not even cover the farmers’ production cost, but this year we got an unexpected price," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Koshi provincial government has decided to give an incentive of Rs 500 for producing pre-monsoon paddy per kathha (0.031 acre) of land. But many farmers said that they were not aware of this facility. Deepen Rai of Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, who planted pre-monsoon paddy on one bigha (0.625 acre) of land, said that the farmers would be relieved to get this facility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ramdev Singh, head of the Agriculture Knowledge Centre, Biratnagar, said that out of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">hectares of cultivable land in Morang, pre-monsoon paddy is harvested in only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">21,900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares while </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">83,300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares is used for the traditional monsoon paddy plantation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the district produces </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> metric tons of rice per hectare.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to the lack of fair price, the farmers' attraction towards pre-monsoon paddy was decreasing, but this year's price has increased the farmers' attraction towards the pre-monsoon paddy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pre-monsoon paddy is cultivated even in winter with the help of irrigation facility.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17998', 'image' => '20230625124405_1687670001.चैते धान.jpg', 'article_date' => '2023-06-25 12:43:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18267', 'article_category_id' => '1', 'title' => 'SSF Settles Claims of Rs 5 Billion', 'sub_title' => '', 'summary' => 'June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme. So far, the fund has paid Rs 4.79 billion to the contributors through various security schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has been running medical, health and maternity, accident and disability, dependent family and old age security schemes. So far, 84,673 contributors have taken benefits from the fund under various schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has released Rs 554.44 million for medicine, health and maternity scheme, 67.49 million under accident and disability protection scheme, 79.6 million for dependent family protection scheme and 4 billion under old age protection scheme. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The SSF has collected Rs 35.10 billion from the contributors so far. Workers from the formal sector and foreign employment have been contributing to the fund. The fund is said that the process of including informal sector workers and self-employed workers in the social security scheme is in the final stage.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of now, a total of 17,964 employers and 592,924 workers have been registered in the fund. The government had announced the social security scheme on November 27, 2018.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17997', 'image' => '20230625113845_SSF (1).jpg', 'article_date' => '2023-06-25 11:36:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18282', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Drops to 2.65 Percent', 'sub_title' => '', 'summary' => 'June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit expansion.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit expansion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The interbank interest rate, which started falling continuously since the beginning of June, was fixed at 2.65 percent on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The interbank interest rate, which was 5.74 percent last Wednesday, fell to 4.01 percent last Monday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the current fiscal year, the interbank interest rate exceeded 8 percent. It dropped to 4 percent in January with an increase in liquidity. However, after the Nepal Rastra Bank mopped liquidity from the market through reverse repo, the interbank rate increased again and reached 8.5 percent in February. In recent times, the liquidity has eased again and bank deposits are increasing due to increase in remittances and government spending. Lack of credit flow is also responsible for the increase in liquidity. As there is more liquidity in the financial system, NRB mopped funds through reverse repo twice in a week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In recent times, despite the increase in bank deposits, flow of loans is minimal due to which the interest rates of interbank, treasury, development bonds etc are decreasing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the credit-deposit ratio (CD ratio) of banks remained at 83.97 percent. Since banks can maintain a CD ratio of up to 90 percent to extend loans, there is a situation where they can give more loans of about Rs 500 billion loans. However, there is no demand for loans due to the high interest rate and a decline in economic activities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the total deposits of banks and financial institutions have reached Rs 5571 billion and disbursement of loans has reached Rs 4855 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> As the liquidity becomes easier, the interest rate of the government's short-term bond treasury bills is gradually decreasing. Last Tuesday, the interest rate of Treasury Bills dropped to 4 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18013', 'image' => '20230626022148_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-06-26 14:21:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18281', 'article_category_id' => '1', 'title' => 'How Much Taxes have been Fixed for Various Businesses and Industries in KMC?', 'sub_title' => '', 'summary' => 'June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. The Finance Bill has proposed changing the tax rates within the jurisdiction of the metropolis in the next fiscal year. The metropolis has determined the commercial taxes by taking into consideration the nature of various businesses and the investment situation.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Beverage Manufacturers and Suppliers</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Finance Bill of the Kathmandu Metropolitan City, those registered in the soft drinks industry (Coca-Cola, Pepsi-Cola, Frooti, etc.) in the manufacturing business and industry will have to pay a tax of Rs 50,000 to the KMC. An annual fee of Rs 2,000 has been set for the renewal of license of the domestic industries that produce soda and soft drinks, Rs 50,000 for distillery industry, Rs 5,000 for various businesses involved in or industries that produce exportable goods and Rs 10,000 for businesses and industries involved in import of goods.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been fixed for the mineral water industry, Rs 10,000 for the ice cream industry (above three kilowatts) and Rs 2,000 for such domestic industries (up to three kilowatts).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 10,000 has been imposed on branded biscuits, bread rolls, cake industries and Rs 2,000 on domestic industries that produce such products. The dairy industry will have to pay Rs 10,000, while the mills will have to pay Rs 5,000, branded shoes and slippers industry will have to pay Rs 12,000, industries that manufacture bags, belts, purses etc will have to pay Rs 5,000 each.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, grocery and retail shop will have to pay Rs 2000 each for the renewal of their license while the renewal tax for wholesale grocery shop has been fixed at Rs 5000. Similarly, wholesale food sellers will have to pay Rs 10000 as taxes for license renewal while retailers will have to pay Rs 3000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Small Scale Industries</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for food industries (above five kilowatts) and Rs 5,000 for such small industries. Carpet, garment, pashmina and plastic industries will have to pay Rs 10,000 as annual tax. Meanwhile, an annual tax ranging from Rs 2000 to Rs 12000 has been fixed for copy, book and printing industry according to their capacity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, annual tax of Rs 50,000 has been fixed for underground water processing industry and Rs 7,000 for bottled and jar water industry.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Construction and Business</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The industrial enterprises that constructs and operates road bridges, ropeways, railways, tunnels, flyovers and industrial, commercial and residential complexes etc will be taxed Rs 25,000 each. Hostels with up to 50 people will have to pay Rs 3,000 as taxes and hostels with more than 50 people will have to pay Rs 5,000. Makeup studio will have to pay Rs 3000 as annual tax. Similarly, cushion-making industry will be taxed Rs 5000 and herbal industry Rs 2000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Agriculture</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The KMC has fixed annual tax of Rs 2000 for the beekeeping industry and Rs 3,000 for selling chicks. Similarly, a tax of Rs 1,000 has been set for retail shops selling fruits, juices and vegetables, Rs 2,000 for fruit and vegetable wholesale shops, and Rs 2,000 for nurseries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Retailers of fish/meat, eggs will have to pay Rs 2,500 and wholesalers will have to pay Rs 6,000. A tax of Rs 5,000 has been imposed for those who sell processed meat products. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, a tax of Rs 2,000 has been set for businesses engaged in vegetable farming, animal husbandry and other agricultural activities, Rs 7,000 for wholesale shops selling pet products (feed/food for pets) and Rs 3,000 for retail shops. Similarly, a tax of Rs 5,000 has been set for dog breeding centers, Rs 2,000 for modern animal slaughterhouses and shops selling vegetable seeds.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Tourism and Recreation</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the hotel and tourism sector and entertainment business, the KMC has fixed a tax of Rs 100,000 for five-star hotels, Rs 80,000 for four-star hotels, Rs 60,000 for three-star hotels, Rs 40,000 for two-star hotels and Rs 20,000 for one-star hotels. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for film halls, ordinary hotels, lodges, guesthouses, homestays with a capacity of more than 50 people, restaurants and bars (except dance bars), as well as travel and trekking agencies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has also been fixed for massage parlours, spa, jacuzzi, sauna, swimming pool among others. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 3,000 will be levied for contact offices of tourist sports (golf courses, rafting, safari, horse riding, skiing, gliding, water rafting, pony trekking, paragliding, polo, bungee jump, cable car, resort, hotel etc.). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 15,000 has been fixed for film production companies and Rs 5,000 on distribution companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 300,000 has been set for casinos and Rs 25,000 for mini casinos. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been set for trekking goods shops, businesses providing entertainment services, Thanka shops, dance training centers, businesses providing music related services, and tattoo houses. A fun park with an area of up to five ropanis will have to pay Rs 10,000, a fun park with an area of up to ten ropanies will have to pay Rs 20,000 and a fun park with an area of more than ten ropanis will have to pay Rs 30,000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Communication</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the communication sector, a tax of Rs 5,000 has been set for television broadcasting companies, Rs 1,000 for FM stations, Rs 2,000 for online businesses, Rs 500 for online news portals, Rs 2,000 for national newspapers, Rs 1,000 for local newspapers and Rs 2,000 for cyber cafes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 50,000 has been fixed for foreign airline service providers and Rs 25,000 for domestic airline services. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 25,000 will be levied on aircraft rental companies, discos, night clubs, foreign employment liaison businesses, etc.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18012', 'image' => '20230626014125_taxxxxx.jpg', 'article_date' => '2023-06-26 13:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18284', 'article_category_id' => '1', 'title' => 'Birgunj Metropolis Unveils Budget of Over Rs 3.21 Billion ', 'sub_title' => '', 'summary' => 'June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Mayor of the Metropolis, Rajeshman Singh, introduced the annual estimate of revenue and expenses in the 13th convention of the metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget by the only metropolis, over Rs 2.48 billion was allocated for the current expenses and over Rs 680 million for the capital expenses. Likewise, more than Rs 36 million has been set for financial management, informed Mayor Singh. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 1.2 billion would be received from the internal income while over Rs 1.3 billion would be received from the federal government as a financial transfer while over Rs 44 million is estimated from the provincial government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 250 million will be managed from the federal government revenue distribution and over Rs 27 million from provincial government's revenue distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the over Rs 3.4 billion allocated in the ongoing fiscal year, 71 per cent is expected to be spent by the end of the fiscal year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18010', 'image' => '20230626023540_Birgunjjjjjjjjjj.jpg', 'article_date' => '2023-06-26 14:34:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18279', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government's Attention Towards VAW, Natural Disasters ', 'sub_title' => '', 'summary' => 'June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. They urged the government to come up with prompt action to address these issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They demanded stern action against those engaged in the offences against women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Seeking time in the lower house meeting, Pratiksha Tiwari drew the government's attention towards the killings of women in Kavrepalanchwok and Bhojpur in recent days. </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"">Poverty, lack of women empowerment and lack of awareness about laws are among the factors contributing to rising incidences of VAW, according to the lawmaker.</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"">"Violence against women must be prevented," she said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sushila Thing demanded the government ensure proper compensation to those affected by recent monsoon-induced floods and landslides. She informing the House that Golanjar rural municipality in Sindhuli had been largely affected by the flood. The disaster has posed a grave threat to Tinmane and Bhalukhola, according to Thing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Devendra Paudel apprised the House of the losses of lives and property by lightning in Dhorpatan of Baglung and in road accidents as well. He urged the government to provide compensation to the affected people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shiba Nepal stressed the need of making citizens aware of disaster preparedness and possible preventive measures. He informed the House that lately three people were killed by lightning in Dang and other parts of the country also reported lightning fatalities. He called for government's measures to mitigate losses from natural disasters. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18009', 'image' => '20230626122235_parliament building.jpg', 'article_date' => '2023-06-26 12:19:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18278', 'article_category_id' => '1', 'title' => 'Biratnagar Metropolis Unveils Budget of Rs 3.28 Billion for Upcoming Fiscal Year ', 'sub_title' => '', 'summary' => 'June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Shilpa Nirala Karki unveiled the annual estimate of revenue and expenses in the 12th Municipal Assembly of the Metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget, Rs 68 million has been set for the administrative works including operation of the offices while over Rs 1.65 billion has been allocated for the development of physical infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, over Rs 39 million has been allocated for economic development. Health sector has received Rs 130 million budgets while education has got Rs 670 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 30 million has been set aside for good-governance and related sector while over Rs 27 million has been earmarked for disaster management, it was shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other allocations include a budget of Rs 380 million for major projects at ward level and Rs 200 million for those at municipality level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The metropolis has allocated Rs 100 million for the maintenance of the road while over Rs 26 million has been set aside for water purifier centre among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18008', 'image' => '20230626114809_Biratnagar.jpg', 'article_date' => '2023-06-26 11:47:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18277', 'article_category_id' => '1', 'title' => 'Bharatpur Metropolitan City Announces Budget of Rs 6.31 Billion for FY 2023/24 ', 'sub_title' => '', 'summary' => 'June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor of Bharatpur Chitrasen Adhikari tabled the budget in the 13th municipal assembly on Sunday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The budget has provision to implement programmes from the ward-level and Rs 20 million has been allocated to each ward for the implementation of such projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Adhikari said that a Complementary Partnership Fund would be established and implemented for the development of mega and the strategically important projects for which Rs 100 million has been allocated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bharatpur Metropolitan City has allocated Rs 160 million for urban beautification and land-utilisation, and settlement development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rs 70 million has been allocated for the implementation of agriculture-related policy that include mechanization of agriculture, capacity building of farmers, technology transfer, production of seeds, providing grants to the farmers based on the quantity of the farmers and other activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Metropolitan City has allocated Rs 40 million to run special health programme targeting children, senior citizens and women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Rs 30 million has been allocated to complete the incomplete task of Gautam Buddha International Cricket Stadium establishing partnership and cooperation with the federal government and Bagmati Province government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18007', 'image' => '20230626110641_Bharatpur.jpg', 'article_date' => '2023-06-26 11:06:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18276', 'article_category_id' => '1', 'title' => 'KMC Unveils Budget of Rs 25 Billion for Fiscal Year 2023/24', 'sub_title' => '', 'summary' => 'The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. This budget marks an increase of approximately Rs 140 million compared to the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This budget marks an increase of approximately Rs 140 million compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> KMC's Deputy Mayor, Sunita Dangol, who also serves as the coordinator of the budget and program committee, presented the budget at the City Hall in Kathmandu. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total budget, over Rs 8.6 billion has been allocated for current expenditure, while more than Rs 16.9 billion has been earmarked for capital expenditure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Notably, the KMC has prioritized health, education, and infrastructure development in its budget. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">For infrastructure development, an allocation of over Rs 7.3 billion has been made, while Rs 1.3 billion has been set aside for education and Rs 926 million for health.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the KMC has allocated Rs 3.8 billion for its pride projects, focusing on 10 thematic areas, and Rs 2 billion for projects related to 25 thematic areas as part of the City's golden plan. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, Rs 70 million has been allocated specifically for waste management initiatives.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18006', 'image' => '20230626060036_collage (4).jpg', 'article_date' => '2023-06-26 05:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18275', 'article_category_id' => '1', 'title' => 'Pokhara Metropolitan City Releases Budget of Rs 7.15 billion', 'sub_title' => '', 'summary' => 'Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The proposed budget includes Rs 2 billion for infrastructure development, Rs 700 million for tourism, urban development, and environment, and Rs 100 million for economic development. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, the city has set aside Rs 65 million for social development. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">In terms of funding sources, the Pokhara Metropolitan City expects to receive Rs 2.76 billion as a grant from the federal government, Rs 102.3 million from the province government, and Rs 2.27 billion from internal income.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the city plans to manage Rs 366.2 million from federal revenue distribution, Rs 82.5 million from province revenue distribution, and Rs 1.1 billion from local revenue distribution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The budget reflects the prioritization of key sectors such as infrastructure, tourism, and social development, with the aim of enhancing the overall growth and welfare of the Pokhara Metropolitan City.</span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18005', 'image' => '20230626055048_collage (3).jpg', 'article_date' => '2023-06-26 05:49:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18273', 'article_category_id' => '1', 'title' => 'NDRRMA Warns of Heat Wave in Monsoon Season', 'sub_title' => '', 'summary' => 'The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">June 25: The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Although heat waves are more commonly associated with the pre-monsoon period, the Authority stated that there is a possibility of experiencing a short duration of the heat wave during the monsoon season as well. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The authority has advised the public to remain vigilant and prepared for this potential atmospheric adversity.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Anil Pokhrel, the Chief Executive Officer of the NDRRMA, this monsoon season is predicted to have below-average rainfall, which could result in hotter days compared to the usual conditions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As a consequence, agricultural production is expected to decline this year. Moreover, there is a heightened risk of waterborne and communicable diseases during the monsoon season. The public is urged to exercise caution and prioritize their health.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Historically, monsoon seasons have seen the emergence of health issues such as jaundice, cholera, diarrhoea, respiratory illnesses, malaria, dengue, influenza, and flu-like illnesses. The data reveals that the country typically experiences around 500 deaths annually from cholera, kala-azar, diarrhea, and snakebites during the monsoon season.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">In light of these warnings, it is essential for individuals and communities to take preventive measures, stay informed about weather updates, and prioritize their health and safety during the monsoon season. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18004', 'image' => '20230625054122_collage (50).jpg', 'article_date' => '2023-06-25 17:40:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18272', 'article_category_id' => '1', 'title' => 'Non-cooperation for Family Members to Get Citizenship is now Punishable by Law ', 'sub_title' => '', 'summary' => 'June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. This is punishable by three months in prison and Rs 10,000 in fine. In this case, the respective district office can direct the family members to cooperate for other members of the same family to get a citizenship card. Violation of this directive is subjected to punishment. This is expected to help people acquire a citizenship certificate when their family tries to disown them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has provisioned the grant of a Nepali citizenship certificate to non-resident Nepalis along with their access to social, cultural and economic rights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Member of the House of Representatives Raj Kumar Sharma said with the implementation of the Act, around 3.5 million people would get a Nepali citizenship certificate. He was participating in a discussion orgaanised by the Forum for Women, Law and Development. The theme of the discussion was the ‘role of media in the implementation of the Nepal Citizenship (First Amendment) Act, 2079 BS’. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the forum’s executive director Sabin Shrestha said the Act still discriminates against women who have married a foreign national because a provision in the Act does not allow to grant a Nepali citizenship card to their husbands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other speakers, Sushma Gautam, Binod Devkota and Binu Lama stressed the need for reviewing the provision that makes it mandatory for those in ‘other’ category to get recommendations from the medical committee to get a Nepali citizenship certificate. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18003', 'image' => '20230625030448_citizenship.jpg', 'article_date' => '2023-06-25 15:04:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18271', 'article_category_id' => '1', 'title' => 'Swedish Economist Blames Concert of American Singer Beyoncé for Inflation', 'sub_title' => '', 'summary' => 'June 25: American singer Beyoncé has won a record number of Grammy Awards in her career.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">AGENCIES</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: American singer Beyoncé has won a record number of Grammy Awards in her career. She is one of the best-selling singers in the world. Beyoncé has achieved many successes and achievements in the music world. Now something new has been associated with her name.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to an economic expert, Beyoncé is the reason why inflation is so high in Sweden. Compared to April, Sweden's annual inflation rate decreased from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May, according to government data. This decrease is much less than what economists had estimated.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Economists expected inflation to drop to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">7.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May. Michael Grahn, chief economist for Sweden at Danske Bank, says Beyoncé, is one of the reasons why inflation has not come down to expected levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Beyoncé's world tour began in Stockholm on May </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">People from America and all over the world came to Sweden to watch the tour. Prices in hotels and accommodation increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.7</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May compared to the previous month. Beyoncé's concerts in the US were expensive, so there were reports that fans went to Europe.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As it became cheaper to go to Europe to see the concert, the arrival of Beyoncé's fans increased rapidly in May. In other countries, there was no problem in making arrangements for the sudden arrival of tourists. It was difficult for Sweden. Everything from concerts was cheap for foreigners spending dollars.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Not all economists are ready to believe that Beyoncé caused the inflation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Markus Wieden, an economist at the Nordic cooperative bank under the SEB Group, said hotel stays became more expensive across the country in May. Like other European countries, Sweden has been experiencing high prices ever since the wholesale energy market collapsed due to the Russia-Ukraine war. Due to its effect, inflation might have decreased by a little less than expected. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18002', 'image' => '20230625025320_1687084360.beyonce.jpg', 'article_date' => '2023-06-25 14:52:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18270', 'article_category_id' => '1', 'title' => 'Local Bodies Alarmed by the Federal Government’s Decision to Cut Fiscal Equalization Grant', 'sub_title' => '', 'summary' => 'June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The tension between the local level and the federal government increased after the Ministry of Finance tried to cut </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the last installment of the fiscal equalization grant for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Municipal Association of Nepal and the National Federation of Rural Municipalities in Nepal have accused the government of working against federalism by cutting the grants. They have tried to stop the government's attempt to cut the grant by knocking the door of the constitutional body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After both the organizations submitted a memorandum to the National Natural Resources and Finance Commission regarding the reduction of the fiscal equalization grant, the commission wrote to the Ministry of Finance asking them not to reduce the grant amount. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A letter written recently by the Finance Commission, which is a constitutional body, states, “Using the powers vested by the constitution and the law, the National Natural Resources and Finance Commission has recommended the transfer of funds from the Federal Reserves to the provinces and local levels and has drawn the attention of the government and the Council of Ministers to make arrangements to transfer the funds as per the budget passed by the Federal Parliament for the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Only a few days ago, the National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal had met the Chairman of the commission, Balananda Paudel, and submitted a memorandum requesting him to take initiative.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Regarding the reduction of the fiscal equalization grant, the Executive Director of the Municipal Association of Nepal, Kalanidhi Devkota, said that fiscal federalism may fail if the government cuts the grants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Devkota says that if the decision is not taken back, development work and payments at the local level will be stopped.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> The National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal have been stating that cutting half of the fiscal equalization grant in the last installment is unconstitutional. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“As per the decision, the government has withheld the release of around Rs 12 billion which is required for half of the final installment amount. The amount is not difficult for the federal government to manage if it takes efficient measures to handle its expenditures and budget,” said Devkota.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhim Dhungana, President of the National Association of Rural Municipalities in Nepal, stated that cutting the equalization grant by half in the last installment was unconstitutional and stressed that the decision of the federal government should be corrected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the direct impact of the government's decision has been seen in the development of the local units. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Therefore, the unconstitutional decision of the federal government must be corrected. For that, we held a discussion with Finance Minister Dr Prakash Sharan Mahat. The dialogue with him was positive," Dhungana said.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18000', 'image' => '20230625021622_MoF-scaled.jpg', 'article_date' => '2023-06-25 14:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18269', 'article_category_id' => '1', 'title' => 'Proposals to Cut Expenditures of Vice President’s Office Tabled in House ', 'sub_title' => '', 'summary' => 'June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. Parliamentarians Dr Amaresh Kumar Singh, Bhagawati Chaudhary and Prem Suwal presented the proposals during the lower house meeting on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations are scheduled on various subjects relating to the Office of the Vice President as part of discussions on various subjects of the Appropriation Bill, 2080. As per the schedule, Singh and Chaudhary tabled the proposals demanding the reduction of expenditures belonging to the Office of the Vice President to Rs 1.</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"">Similarly, Suwal called for significantly reducing expenditures belonging to the Office of the Vice President. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They argued that people’s faith in the offices of the president and vice president is decreasing due to ‘extravagant spending’ by these institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, Singh said facilities and expenses done by the Office of the Vice President including that under the heading of vehicles and fuels should be cut, and the budget saved from this should be spent on health and education. Services and facilities given to the vice president are enough, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17999', 'image' => '20230625015241_Parliament RSS 800.jpg', 'article_date' => '2023-06-25 13:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18268', 'article_category_id' => '1', 'title' => 'Pre-Monsoon Paddy Fetches Double Price for Farmers compared to Last Season', 'sub_title' => '', 'summary' => 'June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year. The pre-monsoon paddy, which was priced at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">550</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year, is being traded at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhagirath Ghimire of Morang’s Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> said that he was excited when the traders began to give good prices for the pre-monsoon paddy, which is planted in the spring season and harvested in June. "In the previous years, pre-monsoon paddy did not even cover the farmers’ production cost, but this year we got an unexpected price," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Koshi provincial government has decided to give an incentive of Rs 500 for producing pre-monsoon paddy per kathha (0.031 acre) of land. But many farmers said that they were not aware of this facility. Deepen Rai of Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, who planted pre-monsoon paddy on one bigha (0.625 acre) of land, said that the farmers would be relieved to get this facility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ramdev Singh, head of the Agriculture Knowledge Centre, Biratnagar, said that out of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">hectares of cultivable land in Morang, pre-monsoon paddy is harvested in only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">21,900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares while </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">83,300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares is used for the traditional monsoon paddy plantation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the district produces </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> metric tons of rice per hectare.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to the lack of fair price, the farmers' attraction towards pre-monsoon paddy was decreasing, but this year's price has increased the farmers' attraction towards the pre-monsoon paddy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pre-monsoon paddy is cultivated even in winter with the help of irrigation facility.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17998', 'image' => '20230625124405_1687670001.चैते धान.jpg', 'article_date' => '2023-06-25 12:43:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18267', 'article_category_id' => '1', 'title' => 'SSF Settles Claims of Rs 5 Billion', 'sub_title' => '', 'summary' => 'June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme. So far, the fund has paid Rs 4.79 billion to the contributors through various security schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has been running medical, health and maternity, accident and disability, dependent family and old age security schemes. So far, 84,673 contributors have taken benefits from the fund under various schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has released Rs 554.44 million for medicine, health and maternity scheme, 67.49 million under accident and disability protection scheme, 79.6 million for dependent family protection scheme and 4 billion under old age protection scheme. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The SSF has collected Rs 35.10 billion from the contributors so far. Workers from the formal sector and foreign employment have been contributing to the fund. The fund is said that the process of including informal sector workers and self-employed workers in the social security scheme is in the final stage.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of now, a total of 17,964 employers and 592,924 workers have been registered in the fund. The government had announced the social security scheme on November 27, 2018.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17997', 'image' => '20230625113845_SSF (1).jpg', 'article_date' => '2023-06-25 11:36:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '18282', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Drops to 2.65 Percent', 'sub_title' => '', 'summary' => 'June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit expansion.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">June 26: Despite the increase in investable capital in the banking system, the interbank interest rate has dropped to around 2.5 percent due to the lack of credit expansion. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The interbank interest rate, which started falling continuously since the beginning of June, was fixed at 2.65 percent on Friday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">The interbank interest rate, which was 5.74 percent last Wednesday, fell to 4.01 percent last Monday.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">At the beginning of the current fiscal year, the interbank interest rate exceeded 8 percent. It dropped to 4 percent in January with an increase in liquidity. However, after the Nepal Rastra Bank mopped liquidity from the market through reverse repo, the interbank rate increased again and reached 8.5 percent in February. In recent times, the liquidity has eased again and bank deposits are increasing due to increase in remittances and government spending. Lack of credit flow is also responsible for the increase in liquidity. As there is more liquidity in the financial system, NRB mopped funds through reverse repo twice in a week.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">In recent times, despite the increase in bank deposits, flow of loans is minimal due to which the interest rates of interbank, treasury, development bonds etc are decreasing. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the credit-deposit ratio (CD ratio) of banks remained at 83.97 percent. Since banks can maintain a CD ratio of up to 90 percent to extend loans, there is a situation where they can give more loans of about Rs 500 billion loans. However, there is no demand for loans due to the high interest rate and a decline in economic activities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif"">As of Friday, the total deposits of banks and financial institutions have reached Rs 5571 billion and disbursement of loans has reached Rs 4855 billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:12.0pt"><span style="font-family:"Times New Roman","serif""> As the liquidity becomes easier, the interest rate of the government's short-term bond treasury bills is gradually decreasing. Last Tuesday, the interest rate of Treasury Bills dropped to 4 percent.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18013', 'image' => '20230626022148_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2023-06-26 14:21:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '18281', 'article_category_id' => '1', 'title' => 'How Much Taxes have been Fixed for Various Businesses and Industries in KMC?', 'sub_title' => '', 'summary' => 'June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">June 26: The Kathmandu Metropolitan City (KMC) on Sunday presented the Finance Bill, 2080 in the Municipal Assembly to implement its financial proposal. The Finance Bill has proposed changing the tax rates within the jurisdiction of the metropolis in the next fiscal year. The metropolis has determined the commercial taxes by taking into consideration the nature of various businesses and the investment situation.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Beverage Manufacturers and Suppliers</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">According to the Finance Bill of the Kathmandu Metropolitan City, those registered in the soft drinks industry (Coca-Cola, Pepsi-Cola, Frooti, etc.) in the manufacturing business and industry will have to pay a tax of Rs 50,000 to the KMC. An annual fee of Rs 2,000 has been set for the renewal of license of the domestic industries that produce soda and soft drinks, Rs 50,000 for distillery industry, Rs 5,000 for various businesses involved in or industries that produce exportable goods and Rs 10,000 for businesses and industries involved in import of goods.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been fixed for the mineral water industry, Rs 10,000 for the ice cream industry (above three kilowatts) and Rs 2,000 for such domestic industries (up to three kilowatts).</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 10,000 has been imposed on branded biscuits, bread rolls, cake industries and Rs 2,000 on domestic industries that produce such products. The dairy industry will have to pay Rs 10,000, while the mills will have to pay Rs 5,000, branded shoes and slippers industry will have to pay Rs 12,000, industries that manufacture bags, belts, purses etc will have to pay Rs 5,000 each.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, grocery and retail shop will have to pay Rs 2000 each for the renewal of their license while the renewal tax for wholesale grocery shop has been fixed at Rs 5000. Similarly, wholesale food sellers will have to pay Rs 10000 as taxes for license renewal while retailers will have to pay Rs 3000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Small Scale Industries</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for food industries (above five kilowatts) and Rs 5,000 for such small industries. Carpet, garment, pashmina and plastic industries will have to pay Rs 10,000 as annual tax. Meanwhile, an annual tax ranging from Rs 2000 to Rs 12000 has been fixed for copy, book and printing industry according to their capacity.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Likewise, annual tax of Rs 50,000 has been fixed for underground water processing industry and Rs 7,000 for bottled and jar water industry.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Construction and Business</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The industrial enterprises that constructs and operates road bridges, ropeways, railways, tunnels, flyovers and industrial, commercial and residential complexes etc will be taxed Rs 25,000 each. Hostels with up to 50 people will have to pay Rs 3,000 as taxes and hostels with more than 50 people will have to pay Rs 5,000. Makeup studio will have to pay Rs 3000 as annual tax. Similarly, cushion-making industry will be taxed Rs 5000 and herbal industry Rs 2000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Agriculture</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">The KMC has fixed annual tax of Rs 2000 for the beekeeping industry and Rs 3,000 for selling chicks. Similarly, a tax of Rs 1,000 has been set for retail shops selling fruits, juices and vegetables, Rs 2,000 for fruit and vegetable wholesale shops, and Rs 2,000 for nurseries. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Retailers of fish/meat, eggs will have to pay Rs 2,500 and wholesalers will have to pay Rs 6,000. A tax of Rs 5,000 has been imposed for those who sell processed meat products. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Meanwhile, a tax of Rs 2,000 has been set for businesses engaged in vegetable farming, animal husbandry and other agricultural activities, Rs 7,000 for wholesale shops selling pet products (feed/food for pets) and Rs 3,000 for retail shops. Similarly, a tax of Rs 5,000 has been set for dog breeding centers, Rs 2,000 for modern animal slaughterhouses and shops selling vegetable seeds.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Tourism and Recreation</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the hotel and tourism sector and entertainment business, the KMC has fixed a tax of Rs 100,000 for five-star hotels, Rs 80,000 for four-star hotels, Rs 60,000 for three-star hotels, Rs 40,000 for two-star hotels and Rs 20,000 for one-star hotels. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has been fixed for film halls, ordinary hotels, lodges, guesthouses, homestays with a capacity of more than 50 people, restaurants and bars (except dance bars), as well as travel and trekking agencies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 10,000 has also been fixed for massage parlours, spa, jacuzzi, sauna, swimming pool among others. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 3,000 will be levied for contact offices of tourist sports (golf courses, rafting, safari, horse riding, skiing, gliding, water rafting, pony trekking, paragliding, polo, bungee jump, cable car, resort, hotel etc.). </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 15,000 has been fixed for film production companies and Rs 5,000 on distribution companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 300,000 has been set for casinos and Rs 25,000 for mini casinos. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 5,000 has been set for trekking goods shops, businesses providing entertainment services, Thanka shops, dance training centers, businesses providing music related services, and tattoo houses. A fun park with an area of up to five ropanis will have to pay Rs 10,000, a fun park with an area of up to ten ropanies will have to pay Rs 20,000 and a fun park with an area of more than ten ropanis will have to pay Rs 30,000.</span></span></span></span></p> <p><strong><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Communication</span></span></span></span></strong></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">In the communication sector, a tax of Rs 5,000 has been set for television broadcasting companies, Rs 1,000 for FM stations, Rs 2,000 for online businesses, Rs 500 for online news portals, Rs 2,000 for national newspapers, Rs 1,000 for local newspapers and Rs 2,000 for cyber cafes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">A tax of Rs 50,000 has been fixed for foreign airline service providers and Rs 25,000 for domestic airline services. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Nirmala UI","sans-serif"">Similarly, a tax of Rs 25,000 will be levied on aircraft rental companies, discos, night clubs, foreign employment liaison businesses, etc.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18012', 'image' => '20230626014125_taxxxxx.jpg', 'article_date' => '2023-06-26 13:39:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '18284', 'article_category_id' => '1', 'title' => 'Birgunj Metropolis Unveils Budget of Over Rs 3.21 Billion ', 'sub_title' => '', 'summary' => 'June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Birgunj Metropolitan City has presented a budget of over Rs 3.21 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Mayor of the Metropolis, Rajeshman Singh, introduced the annual estimate of revenue and expenses in the 13th convention of the metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget by the only metropolis, over Rs 2.48 billion was allocated for the current expenses and over Rs 680 million for the capital expenses. Likewise, more than Rs 36 million has been set for financial management, informed Mayor Singh. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 1.2 billion would be received from the internal income while over Rs 1.3 billion would be received from the federal government as a financial transfer while over Rs 44 million is estimated from the provincial government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 250 million will be managed from the federal government revenue distribution and over Rs 27 million from provincial government's revenue distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Of the over Rs 3.4 billion allocated in the ongoing fiscal year, 71 per cent is expected to be spent by the end of the fiscal year. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18010', 'image' => '20230626023540_Birgunjjjjjjjjjj.jpg', 'article_date' => '2023-06-26 14:34:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '18279', 'article_category_id' => '1', 'title' => 'Lawmakers Draw Government's Attention Towards VAW, Natural Disasters ', 'sub_title' => '', 'summary' => 'June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: In a session of the House of Representatives (HoR) on Sunday, lawmakers raised concerns over increasing cases of violence against women (VAW) and the cases of floods and landslides nationwide. They urged the government to come up with prompt action to address these issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They demanded stern action against those engaged in the offences against women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Seeking time in the lower house meeting, Pratiksha Tiwari drew the government's attention towards the killings of women in Kavrepalanchwok and Bhojpur in recent days. </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"">Poverty, lack of women empowerment and lack of awareness about laws are among the factors contributing to rising incidences of VAW, according to the lawmaker.</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"">"Violence against women must be prevented," she said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sushila Thing demanded the government ensure proper compensation to those affected by recent monsoon-induced floods and landslides. She informing the House that Golanjar rural municipality in Sindhuli had been largely affected by the flood. The disaster has posed a grave threat to Tinmane and Bhalukhola, according to Thing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Devendra Paudel apprised the House of the losses of lives and property by lightning in Dhorpatan of Baglung and in road accidents as well. He urged the government to provide compensation to the affected people. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Shiba Nepal stressed the need of making citizens aware of disaster preparedness and possible preventive measures. He informed the House that lately three people were killed by lightning in Dang and other parts of the country also reported lightning fatalities. He called for government's measures to mitigate losses from natural disasters. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18009', 'image' => '20230626122235_parliament building.jpg', 'article_date' => '2023-06-26 12:19:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '18278', 'article_category_id' => '1', 'title' => 'Biratnagar Metropolis Unveils Budget of Rs 3.28 Billion for Upcoming Fiscal Year ', 'sub_title' => '', 'summary' => 'June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Biratnagar Metropolitan City in Morang district has presented a budget of over Rs 3.28 billion for the upcoming fiscal year (FY 2023/24). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Shilpa Nirala Karki unveiled the annual estimate of revenue and expenses in the 12th Municipal Assembly of the Metropolis on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Among the allocated budget, Rs 68 million has been set for the administrative works including operation of the offices while over Rs 1.65 billion has been allocated for the development of physical infrastructures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, over Rs 39 million has been allocated for economic development. Health sector has received Rs 130 million budgets while education has got Rs 670 million. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, over Rs 30 million has been set aside for good-governance and related sector while over Rs 27 million has been earmarked for disaster management, it was shared. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other allocations include a budget of Rs 380 million for major projects at ward level and Rs 200 million for those at municipality level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The metropolis has allocated Rs 100 million for the maintenance of the road while over Rs 26 million has been set aside for water purifier centre among others. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18008', 'image' => '20230626114809_Biratnagar.jpg', 'article_date' => '2023-06-26 11:47:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '18277', 'article_category_id' => '1', 'title' => 'Bharatpur Metropolitan City Announces Budget of Rs 6.31 Billion for FY 2023/24 ', 'sub_title' => '', 'summary' => 'June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 26: The Bharatpur Metropolitan City has announced a budget of Rs 6.31 billion for the Fiscal Year 2080/081 BS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor of Bharatpur Chitrasen Adhikari tabled the budget in the 13th municipal assembly on Sunday.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The budget has provision to implement programmes from the ward-level and Rs 20 million has been allocated to each ward for the implementation of such projects. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deputy Mayor Adhikari said that a Complementary Partnership Fund would be established and implemented for the development of mega and the strategically important projects for which Rs 100 million has been allocated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Bharatpur Metropolitan City has allocated Rs 160 million for urban beautification and land-utilisation, and settlement development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Rs 70 million has been allocated for the implementation of agriculture-related policy that include mechanization of agriculture, capacity building of farmers, technology transfer, production of seeds, providing grants to the farmers based on the quantity of the farmers and other activities. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Metropolitan City has allocated Rs 40 million to run special health programme targeting children, senior citizens and women. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Rs 30 million has been allocated to complete the incomplete task of Gautam Buddha International Cricket Stadium establishing partnership and cooperation with the federal government and Bagmati Province government. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18007', 'image' => '20230626110641_Bharatpur.jpg', 'article_date' => '2023-06-26 11:06:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '18276', 'article_category_id' => '1', 'title' => 'KMC Unveils Budget of Rs 25 Billion for Fiscal Year 2023/24', 'sub_title' => '', 'summary' => 'The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. This budget marks an increase of approximately Rs 140 million compared to the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: The Kathmandu Metropolitan City (KMC) has unveiled a budget of over Rs 25.4 billion for the upcoming fiscal year, 2023/24. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">This budget marks an increase of approximately Rs 140 million compared to the previous year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> KMC's Deputy Mayor, Sunita Dangol, who also serves as the coordinator of the budget and program committee, presented the budget at the City Hall in Kathmandu. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Out of the total budget, over Rs 8.6 billion has been allocated for current expenditure, while more than Rs 16.9 billion has been earmarked for capital expenditure. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Notably, the KMC has prioritized health, education, and infrastructure development in its budget. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">For infrastructure development, an allocation of over Rs 7.3 billion has been made, while Rs 1.3 billion has been set aside for education and Rs 926 million for health.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the KMC has allocated Rs 3.8 billion for its pride projects, focusing on 10 thematic areas, and Rs 2 billion for projects related to 25 thematic areas as part of the City's golden plan. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, Rs 70 million has been allocated specifically for waste management initiatives.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18006', 'image' => '20230626060036_collage (4).jpg', 'article_date' => '2023-06-26 05:59:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '18275', 'article_category_id' => '1', 'title' => 'Pokhara Metropolitan City Releases Budget of Rs 7.15 billion', 'sub_title' => '', 'summary' => 'Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">June 26: Pokhara Metropolitan City has released a budget of Rs 7.15 billion for the Fiscal Year 2080/081 BS. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif"> Deputy Mayor Manju Devi Gurung presented the budget, which outlines the allocation of funds for various sectors. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The proposed budget includes Rs 2 billion for infrastructure development, Rs 700 million for tourism, urban development, and environment, and Rs 100 million for economic development. </span></span><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Additionally, the city has set aside Rs 65 million for social development. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">In terms of funding sources, the Pokhara Metropolitan City expects to receive Rs 2.76 billion as a grant from the federal government, Rs 102.3 million from the province government, and Rs 2.27 billion from internal income.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">Furthermore, the city plans to manage Rs 366.2 million from federal revenue distribution, Rs 82.5 million from province revenue distribution, and Rs 1.1 billion from local revenue distribution.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The budget reflects the prioritization of key sectors such as infrastructure, tourism, and social development, with the aim of enhancing the overall growth and welfare of the Pokhara Metropolitan City.</span></span></p> ', 'published' => true, 'created' => '2023-06-26', 'modified' => '2023-06-26', 'keywords' => '', 'description' => '', 'sortorder' => '18005', 'image' => '20230626055048_collage (3).jpg', 'article_date' => '2023-06-26 05:49:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '18273', 'article_category_id' => '1', 'title' => 'NDRRMA Warns of Heat Wave in Monsoon Season', 'sub_title' => '', 'summary' => 'The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">June 25: The National Disaster Risk Reduction and Management Authority (NDRRMA) has issued a warning that a heat wave may occur during the monsoon season. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Although heat waves are more commonly associated with the pre-monsoon period, the Authority stated that there is a possibility of experiencing a short duration of the heat wave during the monsoon season as well. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The authority has advised the public to remain vigilant and prepared for this potential atmospheric adversity.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to Anil Pokhrel, the Chief Executive Officer of the NDRRMA, this monsoon season is predicted to have below-average rainfall, which could result in hotter days compared to the usual conditions. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">As a consequence, agricultural production is expected to decline this year. Moreover, there is a heightened risk of waterborne and communicable diseases during the monsoon season. The public is urged to exercise caution and prioritize their health.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Historically, monsoon seasons have seen the emergence of health issues such as jaundice, cholera, diarrhoea, respiratory illnesses, malaria, dengue, influenza, and flu-like illnesses. The data reveals that the country typically experiences around 500 deaths annually from cholera, kala-azar, diarrhea, and snakebites during the monsoon season.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">In light of these warnings, it is essential for individuals and communities to take preventive measures, stay informed about weather updates, and prioritize their health and safety during the monsoon season. (RSS)</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18004', 'image' => '20230625054122_collage (50).jpg', 'article_date' => '2023-06-25 17:40:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '18272', 'article_category_id' => '1', 'title' => 'Non-cooperation for Family Members to Get Citizenship is now Punishable by Law ', 'sub_title' => '', 'summary' => 'June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Non-cooperation by family members for someone from the same family to acquire a citizenship certificate is subjected to punishment, according to the Nepal Citizenship (First Amendment) Act, 2079 BS. This is punishable by three months in prison and Rs 10,000 in fine. In this case, the respective district office can direct the family members to cooperate for other members of the same family to get a citizenship card. Violation of this directive is subjected to punishment. This is expected to help people acquire a citizenship certificate when their family tries to disown them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Act has provisioned the grant of a Nepali citizenship certificate to non-resident Nepalis along with their access to social, cultural and economic rights. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Member of the House of Representatives Raj Kumar Sharma said with the implementation of the Act, around 3.5 million people would get a Nepali citizenship certificate. He was participating in a discussion orgaanised by the Forum for Women, Law and Development. The theme of the discussion was the ‘role of media in the implementation of the Nepal Citizenship (First Amendment) Act, 2079 BS’. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the forum’s executive director Sabin Shrestha said the Act still discriminates against women who have married a foreign national because a provision in the Act does not allow to grant a Nepali citizenship card to their husbands. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Other speakers, Sushma Gautam, Binod Devkota and Binu Lama stressed the need for reviewing the provision that makes it mandatory for those in ‘other’ category to get recommendations from the medical committee to get a Nepali citizenship certificate. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18003', 'image' => '20230625030448_citizenship.jpg', 'article_date' => '2023-06-25 15:04:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '18271', 'article_category_id' => '1', 'title' => 'Swedish Economist Blames Concert of American Singer Beyoncé for Inflation', 'sub_title' => '', 'summary' => 'June 25: American singer Beyoncé has won a record number of Grammy Awards in her career.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">AGENCIES</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: American singer Beyoncé has won a record number of Grammy Awards in her career. She is one of the best-selling singers in the world. Beyoncé has achieved many successes and achievements in the music world. Now something new has been associated with her name.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to an economic expert, Beyoncé is the reason why inflation is so high in Sweden. Compared to April, Sweden's annual inflation rate decreased from </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May, according to government data. This decrease is much less than what economists had estimated.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Economists expected inflation to drop to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">7.8</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May. Michael Grahn, chief economist for Sweden at Danske Bank, says Beyoncé, is one of the reasons why inflation has not come down to expected levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Beyoncé's world tour began in Stockholm on May </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">People from America and all over the world came to Sweden to watch the tour. Prices in hotels and accommodation increased by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">8.7</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in May compared to the previous month. Beyoncé's concerts in the US were expensive, so there were reports that fans went to Europe.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As it became cheaper to go to Europe to see the concert, the arrival of Beyoncé's fans increased rapidly in May. In other countries, there was no problem in making arrangements for the sudden arrival of tourists. It was difficult for Sweden. Everything from concerts was cheap for foreigners spending dollars.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Not all economists are ready to believe that Beyoncé caused the inflation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Markus Wieden, an economist at the Nordic cooperative bank under the SEB Group, said hotel stays became more expensive across the country in May. Like other European countries, Sweden has been experiencing high prices ever since the wholesale energy market collapsed due to the Russia-Ukraine war. Due to its effect, inflation might have decreased by a little less than expected. </span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18002', 'image' => '20230625025320_1687084360.beyonce.jpg', 'article_date' => '2023-06-25 14:52:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '18270', 'article_category_id' => '1', 'title' => 'Local Bodies Alarmed by the Federal Government’s Decision to Cut Fiscal Equalization Grant', 'sub_title' => '', 'summary' => 'June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The local bodies are under stress after the federal government unexpectedly cut grants it had been providing to them.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The tension between the local level and the federal government increased after the Ministry of Finance tried to cut </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the last installment of the fiscal equalization grant for the current fiscal year (FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23)</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Municipal Association of Nepal and the National Federation of Rural Municipalities in Nepal have accused the government of working against federalism by cutting the grants. They have tried to stop the government's attempt to cut the grant by knocking the door of the constitutional body.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After both the organizations submitted a memorandum to the National Natural Resources and Finance Commission regarding the reduction of the fiscal equalization grant, the commission wrote to the Ministry of Finance asking them not to reduce the grant amount. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A letter written recently by the Finance Commission, which is a constitutional body, states, “Using the powers vested by the constitution and the law, the National Natural Resources and Finance Commission has recommended the transfer of funds from the Federal Reserves to the provinces and local levels and has drawn the attention of the government and the Council of Ministers to make arrangements to transfer the funds as per the budget passed by the Federal Parliament for the fiscal year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">22</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">/</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">23</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">”</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Only a few days ago, the National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal had met the Chairman of the commission, Balananda Paudel, and submitted a memorandum requesting him to take initiative.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Regarding the reduction of the fiscal equalization grant, the Executive Director of the Municipal Association of Nepal, Kalanidhi Devkota, said that fiscal federalism may fail if the government cuts the grants. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Devkota says that if the decision is not taken back, development work and payments at the local level will be stopped.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> The National Federation of Rural Municipalities in Nepal and the Municipal Association of Nepal have been stating that cutting half of the fiscal equalization grant in the last installment is unconstitutional. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“As per the decision, the government has withheld the release of around Rs 12 billion which is required for half of the final installment amount. The amount is not difficult for the federal government to manage if it takes efficient measures to handle its expenditures and budget,” said Devkota.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhim Dhungana, President of the National Association of Rural Municipalities in Nepal, stated that cutting the equalization grant by half in the last installment was unconstitutional and stressed that the decision of the federal government should be corrected.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to him, the direct impact of the government's decision has been seen in the development of the local units. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“Therefore, the unconstitutional decision of the federal government must be corrected. For that, we held a discussion with Finance Minister Dr Prakash Sharan Mahat. The dialogue with him was positive," Dhungana said.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '18000', 'image' => '20230625021622_MoF-scaled.jpg', 'article_date' => '2023-06-25 14:15:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '18269', 'article_category_id' => '1', 'title' => 'Proposals to Cut Expenditures of Vice President’s Office Tabled in House ', 'sub_title' => '', 'summary' => 'June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">June 25: Proposals to cut expenditures of the Office of the Vice President has been tabled in the House of Representatives. Parliamentarians Dr Amaresh Kumar Singh, Bhagawati Chaudhary and Prem Suwal presented the proposals during the lower house meeting on Sunday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Deliberations are scheduled on various subjects relating to the Office of the Vice President as part of discussions on various subjects of the Appropriation Bill, 2080. As per the schedule, Singh and Chaudhary tabled the proposals demanding the reduction of expenditures belonging to the Office of the Vice President to Rs 1.</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"">Similarly, Suwal called for significantly reducing expenditures belonging to the Office of the Vice President. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They argued that people’s faith in the offices of the president and vice president is decreasing due to ‘extravagant spending’ by these institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, Singh said facilities and expenses done by the Office of the Vice President including that under the heading of vehicles and fuels should be cut, and the budget saved from this should be spent on health and education. Services and facilities given to the vice president are enough, he said. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17999', 'image' => '20230625015241_Parliament RSS 800.jpg', 'article_date' => '2023-06-25 13:51:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '18268', 'article_category_id' => '1', 'title' => 'Pre-Monsoon Paddy Fetches Double Price for Farmers compared to Last Season', 'sub_title' => '', 'summary' => 'June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The farmers of Morang are excited after the price of pre-monsoon paddy doubled this year compared to last year. The pre-monsoon paddy, which was priced at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">550</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">last year, is being traded at Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1,250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> this year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Bhagirath Ghimire of Morang’s Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> said that he was excited when the traders began to give good prices for the pre-monsoon paddy, which is planted in the spring season and harvested in June. "In the previous years, pre-monsoon paddy did not even cover the farmers’ production cost, but this year we got an unexpected price," he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The Koshi provincial government has decided to give an incentive of Rs 500 for producing pre-monsoon paddy per kathha (0.031 acre) of land. But many farmers said that they were not aware of this facility. Deepen Rai of Belbari-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">11</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, who planted pre-monsoon paddy on one bigha (0.625 acre) of land, said that the farmers would be relieved to get this facility.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ramdev Singh, head of the Agriculture Knowledge Centre, Biratnagar, said that out of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">111,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">hectares of cultivable land in Morang, pre-monsoon paddy is harvested in only </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">21,900</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares while </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">83,300</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hectares is used for the traditional monsoon paddy plantation.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He said that the district produces </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> metric tons of rice per hectare.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Due to the lack of fair price, the farmers' attraction towards pre-monsoon paddy was decreasing, but this year's price has increased the farmers' attraction towards the pre-monsoon paddy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Pre-monsoon paddy is cultivated even in winter with the help of irrigation facility.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17998', 'image' => '20230625124405_1687670001.चैते धान.jpg', 'article_date' => '2023-06-25 12:43:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '18267', 'article_category_id' => '1', 'title' => 'SSF Settles Claims of Rs 5 Billion', 'sub_title' => '', 'summary' => 'June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 25: The Social Security Fund (SSF) has settled claims of nearly Rs 5 billion made by the contributors under the state-sponsored social security scheme. So far, the fund has paid Rs 4.79 billion to the contributors through various security schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has been running medical, health and maternity, accident and disability, dependent family and old age security schemes. So far, 84,673 contributors have taken benefits from the fund under various schemes.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The fund has released Rs 554.44 million for medicine, health and maternity scheme, 67.49 million under accident and disability protection scheme, 79.6 million for dependent family protection scheme and 4 billion under old age protection scheme. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The SSF has collected Rs 35.10 billion from the contributors so far. Workers from the formal sector and foreign employment have been contributing to the fund. The fund is said that the process of including informal sector workers and self-employed workers in the social security scheme is in the final stage.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of now, a total of 17,964 employers and 592,924 workers have been registered in the fund. The government had announced the social security scheme on November 27, 2018.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-06-25', 'modified' => '2023-06-25', 'keywords' => '', 'description' => '', 'sortorder' => '17997', 'image' => '20230625113845_SSF (1).jpg', 'article_date' => '2023-06-25 11:36:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, '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
