May 19: New Business Age, one of the leading business magazines of Nepal, has honoured eight startup companies including five best startups of the year during the NewBiz Startup Summit and Awards programme in the capital on…
May 19: New Business Age, one of the leading business magazines of Nepal, has honoured eight startup companies including five best startups of the year during the NewBiz Startup Summit and Awards programme in the capital on…
May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by…
May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's…
May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal…
May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on…
May 19: The share of the private sector in Nepal's GDP is 81.55…
May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors.…
May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee…
May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today.…
May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake…
May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday.…
A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility…
The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday. Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh…
The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover…
May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of…
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Similarly, Digital Age Nepal has been awarded with the title of the Inspiring Women-led Startup, while Foodmandu has been honoured with the title of Startup Scale-Up award.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Doctors on Call aims to make home health service accessible, affordable and equitably available to everyone. The start-up is jointly co-founded by Dr Suyesh Karki, Dr Suman Neupane, Dr Subash Sapkota and Dr Mohan Bhandary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">E-Digital Nepal with the vision to digitalise the education ecosystem of Nepal has the mission to bring transformation, innovation, and revolution to the education sector of Nepal with the use of a top-notch technology-based information management system to ensure quality education. Er. Aditya Raj and Er Basant Gupta founded E-Digital jointly with Kapil Basnet.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, FOCUSONE Payment Solutions Pvt Ltd is a payment facilitator, operating a payment platform that enables MSMEs to accept cross-border / currency transactions from International (VISA, ALIPAY, UPI) and domestic (NepalPay, SCT) networks from a unified QR code, partnering with acquiring banks. Pranaya Rajbhandari and Aadish Shrestha have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ingrails Pvt Ltd jointly founded by Nirdesh Dwa, Sujit Pathak and Sanjan Piya offers a digital solution for educational institutions to perform everyday tasks, including academic, financial, operation management, and communication systems in a single platform.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Sajilo Sewa is Nepal’s first service marketplace allowing service seekers to find all kinds of at-home services. Kawish Shrestha, Pukar Acharya and Sujeet Regmi have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Delish Dairies envisions transforming the Nepalese dairy industry with the use of high-quality dairy products from locally produced milk.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Digital Age Nepal, founded by Dibyswory Dhar Dali, aims in combatting financial crimes like corruption and money-laundering, and terror financing through digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foodmandu, founded by Manohar Adhikari in 2010, is the first company in Nepal that delivers food from more than 120 different restaurants in Kathmandu, Lalitpur, Bhaktapur and Pokhara at the customers’ doorstep.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The shortlisted startups were evaluated on the parameters of articulation of vision/mission statement, value proposition and market identification, team composition and calibre, innovation/disruption, traction-to-date record, scalability and competitive strategy, use of information technology, creation story and jury judgment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Suman Shakya, founder of Tangent Waves, Juna Mathema, co-founder and managing director of Blitz Media and Tenzin Sonam Gonsar, founder and CEO of TEAM Ventures were the jury members of the award ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners were given free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme was supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17655', 'image' => '20230519083245_343763455_1383753472474819_2067865080511238680_n.jpg', 'article_date' => '2023-05-19 20:21:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17923', 'article_category_id' => '1', 'title' => 'Nepal’s Economy Likely to Grow to US$ 100 Billion by 2030: SEBON Chair Hamal', 'sub_title' => '', 'summary' => 'May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">While addressing the “NewBiz Startup Summit and Awards-2023,” Hamal said Nepal could have possibility of USD 100 billion economy with partnership and collaboration of the private sector.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON Chairman Hamal further stated that the government and its agencies should create conducive eco-system and suitable platforms for the private sector to build favorable environment for businesses and enterprises to grow in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">“It is the private sector that does business and the government has to formulate right polices and build the right eco-system for the private sector to do business,” he highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal may be unique in tradition and culture, but the country has to catch up with the world in domains of commerce and business for the economic growth. For helping the business growth, the government has to develop and put easy and right mechanism to lure in foreign investors. “We have to be on par with globe. We should have entry doorway and exit mechanism to attract FDI. We are changing the rules and polices to lure more investment,” he stressed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal said that the SEBON has formulated the draft for Small and Medium Enterprise Platforms and sent it to the Cabinet for approval to sign it into law. Any company with a paid-up capital below Rs 250 million will be listed in the SME platform, according to Chairman Hamal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON will relax some requirements, and provide incentives to small and medium enterprises.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> “This will enable SMEs to receive funds from the public,” Hamal stated.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Drawing the examples of big tech companies such as Apple Inc and Google, Hamal emphasized the need to provide funding to the startups for the growth of business. He said that the government, private sector and investors have to work in collaboration to foster the culture of startup and help them succeed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that he is committed to creating additional channels in the digital domain for investment. This will help Nepal leapfrog in technology, Hamal expressed his belief.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking at the at the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund, said that Nepal requires billions of investment to scale up the startup and growth of other enterprises in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher stated that his company despite the ongoing global recession invested 20 million dollars in four Nepali companies in the last two months. He joyfully shared that the investment committee of Dolma Impact Fund has additionally approved USD 2 million investment for Upaya Cargo.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Gocher stressed that Nepal requires massive investment to meet its target of achieving 10 per cent growth in Sustainable Development Goal (SDG). Likewise, he appreciated Securities Board of Nepal (SEBON)’s initiatives of licensing private equity funds to attract more fund to Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher informed that Dolma Impact Fund has collaborated with different private companies such as IME Group and invested in various companies including start-ups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Dr Toya Gyawali of the Ministry of Industry, Commerce and Supplies said the government should focus on innovation, investment, infrastructure, and institutionalization for the growth of startups.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Gyawali said that the government should give priority to three things: legal framework, building network, and overall eco-system to boost up startups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">He shared that startups are led mainly by management and science students. He added that the government had placed emphasis on institutional support for fostering innovation, giving access to the market, and finance.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Likewise, Rastriya Swatantra Party’s lawmaker Dr Swornim Wagle said that startup is the future of Nepal. The government should play a role to bridge the gap between the past and the future to enhance the culture of startup in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that various conditions including innovation and infrastructure should be taken into consideration for the success of the startups. He shared that Nepal lacks not polices but their execution.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that Nepal can become a respectable middle-income country in matters 25 years.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17654', 'image' => '20230519081515_ramesh hamal.jpg', 'article_date' => '2023-05-19 20:14:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17922', 'article_category_id' => '1', 'title' => 'Startups have Made Immense Contribution to the Country's Economy: Lamsal', 'sub_title' => '', 'summary' => 'May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Inaugurating the NewBiz Startup Summit and Awards 2023, Chairman Lamsal said that startups are taking root in Nepal as well.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some startups have reached the stage of issuing shares to the general public. It has contributed greatly to the country's economy,” he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Lamsal said that this award program was also organized to prevent brain drain at a time when 3300 young people are leaving for foreign employment every day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some good startups could not come in contact with us. The best startups from among those who came are being honored,” he said, adding, “We have been honoring startups since 2017. Before this programme, we also provided training for startups. Everyone participated enthusiastically.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, awards are being given to eight start-up companies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17653', 'image' => '20230519061817_madan sir.jpg', 'article_date' => '2023-05-19 18:17:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17921', 'article_category_id' => '1', 'title' => 'President Presents Government's Policies and Programmes in Parliament ', 'sub_title' => '', 'summary' => 'May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel read out the policies and programmes in the joint meeting of both the houses of the Federal Parliament in the New Baneshwar. The meeting started at 4 pm. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At the onset of the meeting, Prime Minister Pushpa Kamal Dahal handed over a copy of the policies and programmes to the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the constitutional provision, the president shall address either a meeting of any House or a joint sitting of both Houses of the Federal Parliament, and summon the MPs while presenting the government’s policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the first address to the parliament after Paudel's election to the post of the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the countries having parliamentary democracy, there is a practice of presenting the government's annual policies and programmes in the Federal Parliament and the parliament passing the same after deliberations on them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice President Ram Sahay Prasad Yadav, Prime Minister Dahal, Acting Chief Justice Hari Krishna Karki arrived at the Parliament Building to witness the presentation of the government's policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The House of Representatives and the National Assembly will hold their separate meetings today itself after the joint sitting is over. The Prime Minister will table a copy of the President's address to the joint sitting in the separate meetings as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both Houses of the Federal Parliament will deliberate on the government's policies and programmes for some days beginning Sunday. The prime minister will reply to the queries raised by lawmakers in course of the deliberations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a constitutional provision which requires the finance minister to present in the House the annual budget for the next fiscal year on the 15th of Jeth every year (May 29) after the policies and programmes are passed by the parliament. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17652', 'image' => '20230519060836_1684493191.jpg', 'article_date' => '2023-05-19 18:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17920', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Kicks Off', 'sub_title' => 'Eight start-ups will be awarded during the event', 'summary' => 'May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief guest of the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund and Madan Prasad Lamsal, chairman of New Business Age jointly inaugurated the ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at the programme, NBA Chairman Lamsal said the culture of startups is taking roots in Nepal, which is good for the future of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lamsal said that the major goal of organizing the programme is to promote a culture of entrepreneurship, and to stop the outflow of the youths from the country. He also highlighted that government, Federation of Nepalese Chambers of Commerce and Industry and other government agencies are doing needful to promote startup. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this awards ceremony, a panel discussion 'Towards a Startup Nation' is being held. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel includes Baburam Gautam, director general of the Department of Industry, Sunita Nhemaphuki, founder of R&D Innovative Solutions, and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya. Asmod Karki, the co-founder of Vikas Tech, will be moderating the panel discussion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The organisers had requested for applications from all seven provinces for the award ceremony. More than 2,000 startup entrepreneurs from across the country had applied for participation in the awards programme.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Among them, eight outstanding startup companies selected by an independent jury will be awarded during the event. All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17651', 'image' => '20230519043916_343374902_572434451436602_4823795947921127431_n.jpg', 'article_date' => '2023-05-19 16:38:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17919', 'article_category_id' => '1', 'title' => 'Private Sector's Share in GDP is 81.55 Percent: Study ', 'sub_title' => '', 'summary' => 'May 19: The share of the private sector in Nepal's GDP is 81.55 percent.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The share of the private sector in Nepal's GDP is 81.55 percent. This was stated in a study report prepared by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) with support from International Financial Corporation (IFC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared with the cooperation of the National Statistics Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Industry, Commerce and Supplies Ramesh Rijal launched the report amid a programme on Thursday evening. On the occasion, he said the report reflects the status of the private sector in the country's economy and thanked FNCCI and IFC for preparing it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector's contribution to the GDP in FY 2012/13 was 86.67 percent. The report shows that the private sector's contribution has decreased due to the contraction in the economy as a result of the fallout of the COVID-19 pandemic, earthquake among other reasons. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report shows that the government's investment has gone up while the contribution of the private sector has diminished during the post-earthquake and pandemic period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the private sector companies have expanded by 32 times in the national economy in the last 30 years. There were a total 28,660 industries in 1983 and the number of enterprises has increased by 30 times and reached 923,356 by 2018. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector is also at the forefront in terms of employment creation. It covers 85.6 percent to total employment. It has provided 57 percent employment in agriculture, forest and fishery sector, and 12.5 percent in the wholesale and retail trade and vehicle repair sector, FNCCI president Chandra Prasad Dhakal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that the private sector has provided around 5.5 million jobs whereas the government only 427,000 jobs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI president underscored the need for structural reforms for the private sector to work in full capacity. He also stressed on the need of the government to increase the capital expenditure and suggested to the government to prioritize expansion of investment areas, sustainable development, private-public partnership, among other topics in the budget for the upcoming fiscal year 2023/24. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17650', 'image' => '20230519024422_gdp.jpg', 'article_date' => '2023-05-19 14:43:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17918', 'article_category_id' => '1', 'title' => 'Bagmati Province Ahead in Insurance Business', 'sub_title' => '', 'summary' => 'May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. As the insurance companies are concentrated only in Bagmati Province, the insurance fee collected by the insurance companies in other provinces is lower than that of Bagmati Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the number of active non-life insurance policies till mid-April of the current fiscal year is 2.1 million of which 45.15 per cent is in Bagmati province. The lowest number of active non-life insurance policies is in Karnali Province at 2.18 per cent and the second lowest in Sudurpaschim Province at 5.14 per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The number of active life insurance policies has reached 14.1 million by mid-April. Among them, 72.22 per cent is in Bagmati Province. The lowest number of active life insurance policies is 1.44 per cent in Karnali Province, the second lowest is 3.19 per cent in Sudurpaschim Province and the third lowest is 3.59 per cent in Madhesh Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report shows that about 50 per cent of the insurance fee comes from Bagmati alone. Insurance companies have earned Rs 134 billion in insurance fees from all over the country in the nine months of the current fiscal year. Of that, 49.72 per cent (Rs 67 billion) has been collected from Bagmati Province. According to the authority, the non-life insurance companies have collected insurance fees of Rs 30 billion as of mid-April. They have collected 66.25 per cent (19.88 billion rupees) of the total insurance fee from Bagmati Province alone. Similarly, they collected Rs 2.73 billion from Lumbini Province and Rs 2.62 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, life insurance companies have collected Rs 104 billion in insurance fees till mid-April of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Out of that, Rs 47.11 billion have been collected from Bagmati Province. This is 44.99 per cent of the total insurance fee. Likewise, Rs 15.26 billion was collected from Lumbini Province and Rs 12.61 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chairman of Nepal Insurance Authority Surya Prasad Silwal said that the authority is conducting continuous insurance awareness programs across the country. According to Silwal, in the current fiscal year alone, the authority has organized more than 100 insurance awareness and interaction programs at the local level.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that since Bagmati Province has the largest number of industries, companies, and transportation in the country, it is usual that the share of insurance is higher in the province. Silwal said that since the share of insurance in other provinces is low, insurance awareness is the priority of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As citizens become aware of insurance, the scope of insurance will gradually increase in other provinces as well, he said.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17649', 'image' => '20230519015423_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-05-19 13:53:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17917', 'article_category_id' => '1', 'title' => 'Police Arrest Haj Committee Chair Miya, Teknath Rijal in Connection with Fake Bhutanese Refugee Scam', 'sub_title' => '16 People Arrested in Connection with the Case So Far', 'summary' => 'May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam. He was apprehended from Singha Durbar on Thursday afternoon. </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"">Miya was arrested after his involvement was established in sending Nepali citizens to the United States as Bhutanese refugees, said Senior Superintendent of Police Dan Bahadur Karki, chief of the District Police Range, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Miya had made available a vehicle provided to the Haj Committee for the group of people involved in the racket, said SSP Karki. The jeep (embossed vehicle number BAB-1405) under the brand of Nissan was reportedly used to facilitate the racket, according to the police. The police have also taken the vehicle under control. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of the racket would use the vehicle while travelling to various parts of the country like Sauraha of Chitwan district and Sundhara of Kathmandu in the name of taking interviews of their clients aspiring to go to the US, claimed the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The jeep under the ownership of the Ministry of Home Affairs has been registered with the Haj Committee. Miya was absconding after the police launched investigations into the case until his arrest on Thursday.</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"">Meanwhile, the Kathmandu District Court has remanded Miya along with Bhutanese refugee leader Teknath Rijal for two days in judicial custody for investigation into their alleged involvement in the Bhutanese refugee scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rizal was arrested by the police from Tribhuvan International Airport while he was coming to Kathmandu from Jhapa, while Miya was arrested from the Ministry of Energy, Water Resources and Irrigation at Singha Durbar, Superintendent of Police Sitaram Rial said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police had earlier arrested 14 people, including the former home minister and home secretary, in connection with the case.</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"">Further arrests were made based on the statements given by the accused. The number of people arrested in relation to this scam has reached 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rijal was arrested for investigation after it was found that he had financial transactions with Sanu Bhandari, who was detained earlier by the police. </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"">Other high-profile individuals arrested in connection with the case including former deputy prime minister Top Bahadur Rayamajhi, former home minister Bal Krishna Khand, former secretary (home affairs) Teknarayan Pandey, former home minister's security adviser Dr Indrajit Rai. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17648', 'image' => '20230519122847_teknath-rijal.jpg', 'article_date' => '2023-05-19 12:27:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17916', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Happening Today', 'sub_title' => 'Eight outstanding start-ups will be awarded under four categories', 'summary' => 'May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today (May 19). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age will award eight outstanding startups during the awards ceremony which will kick off in the capital at 4 pm. More than 2,000 startup entrepreneurs from across the country had submitted applications for the awards programme. Among them, eight outstanding startups will be awarded under four categories- Emerging Startup, Inspiring Women-Led Startup, Startup Scaleup and Best Startup.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Member of Parliament and economist Dr Swarnim Wagle, the chief guest of the programme, along with Ramesh Hamal, chairman of the Securities Board Nepal (SEBON) and Tim </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gocher, founder and CEO of Dolma Fund Management, will attend the programme. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, a panel discussion on the topic 'Towards a Startup Nation' will also be held during the event. Dr Toya Gyawali, secretary of the Ministry of Industry, Commerce and Supplies; Sunita </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nhemaphuki, founder of R&D Innovative Solutions; and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya are the panellist for the panel discussion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel discussion will be moderated by Asmod Karki, co-founder and head of operations at VikasaTech.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17647', 'image' => '20230519022807_update Newbiz Startup design.jpg', 'article_date' => '2023-05-19 11:47:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17915', 'article_category_id' => '1', 'title' => 'Tourism entrepreneurs of Pokhara Elated with the Announcement of Chartered Flights ', 'sub_title' => '', 'summary' => 'May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the 24th national conference and annual general meeting of Nepal Association of Tour and Travel Agents (NATTA) on Thursday, Minister for Culture, Tourism and Civil Aviation Sudan Kirati announced to begin chartered flights to different cities of China from June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement is expected to materialize the dream of Pokhara folks to start international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Pokhara Regional International Airport was inaugurated on January 1 this year but no international flight has taken place since then. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Pokhara Tourism Council Pom Narayan Shrestha said, "We are excited with the announcement to commence chartered flights. This will mark the beginning of international flights. This should be implemented at any cost." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, chairman of NATTA Gandaki Province Hari Ram Adhikari said that this will be a good beginning for the tourism industry and will serve as a milestone for the entire country's tourism development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is said that around 80 per cent of the total Chinese tourists arriving Nepal visit Pokhara city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17646', 'image' => '20230519112122_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-05-19 11:19:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17914', 'article_category_id' => '1', 'title' => 'Government to Unveil Policies and Programmes Today ', 'sub_title' => '', 'summary' => 'May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. The policies and progrmmes will be presented before a joint session of the House of Representatives and National Assembly at 4:00 pm on May 19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the HoR session on Thursday, Speaker Devraj Ghimire read out the letter in this regard and directed the entire Members of Parliament to be present in the meeting by 3: 45 pm and in the prescribed dress code and to take their respective seats. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The annual report of the government was presented during the lower house meeting on Thursday. Prime Minister Pushpa Kamal Dahal presented the report before the meeting in accordance with the Article 53 of the Constitution and Clause 41 of the Good Governance (Management and Operation) Act, 2064 BS. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17645', 'image' => '20230519105356_parliament building.jpg', 'article_date' => '2023-05-19 10:53:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17913', 'article_category_id' => '1', 'title' => '213 Start-ups Disqualified for Enterprise Loans', 'sub_title' => '', 'summary' => ' A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 19: A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These start-ups were among the 382 applicants who had applied for loans in the initial phase. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department of Industry, in line with Clause 8 of the Start-up Enterprise Loan Fund Procedure, 2079, had called for applications for loans on March 30.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department has clarified that the disqualified start-ups did not meet the necessary requirements for the loans. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To be eligible for the scheme, start-ups must have a paid-up capital of no more than Rs 5 million, annual incomes below Rs 500,000, fixed assets (excluding real estate) not exceeding Rs 20 million, and a workforce consisting of no more than 10 employees.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17644', 'image' => '20230519060523_collage (4).jpg', 'article_date' => '2023-05-19 06:03:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17912', 'article_category_id' => '1', 'title' => '6th Nepal Chamber Expo-2023 kicks off in Kathmandu', 'sub_title' => '', 'summary' => 'The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday. Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. ', 'content' => '<p><span style="font-size:18px">May 18: The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday.<br /> Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. </span></p> <p><span style="font-size:18px">The primary objective of this fair, as stated by the NCC, is to promote the export of domestic goods and invigorate the business community.</span></p> <p><span style="font-size:18px">Featuring 150 stalls, the expo will run until May 22, showcasing a diverse range of products including automobiles, electrical appliances, electronics, furnishings, essential items, clothing, mobile phones, handicrafts, leather goods, cosmetics, and Ayurvedic products. </span></p> <p><span style="font-size:18px">The participation of national and international companies and entrepreneurs from Nepal, India, and Bangladesh adds to the significance of this event.</span></p> <p><span style="font-size:18px">The expo is expected to facilitate interactions, information exchange regarding imports and exports, and enhance the market presence of Nepali products, according to the NCC. </span></p> <p><span style="font-size:18px">During the inauguration, the minister emphasized the importance of collaboration between the government and the private sector to foster economic prosperity. The minister urged the private sector to increase investment, while assuring governmental support in facilitating economic activities.</span></p> <p><span style="font-size:18px">Furthermore, Madhu Kumar Marasini, the secretary of the ministry, expressed optimism that the expo would facilitate the exchange of national and international business experiences, fostering stronger business relationships both domestically and internationally. </span></p> <p><span style="font-size:18px">Rajendra Malla, President of the NCC, emphasized the need to attract foreign investments in sectors such as agriculture, hydropower, tourism, and services, while promoting exports and boosting domestic production to achieve self-reliance in the country.</span><br /> </p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17643', 'image' => '20230518060821_collage (6).jpg', 'article_date' => '2023-05-18 17:58:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17911', 'article_category_id' => '1', 'title' => 'Positive Atmosphere Commences in NEPSE; Turnover Amount Surpasses 1 Billion after 25 Days ', 'sub_title' => '', 'summary' => 'The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. ', 'content' => '<p><br /> <span style="font-size:18px">May 18: The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. </span></p> <p><span style="font-size:18px">With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. </span></p> <p><span style="font-size:18px">Earlier, the NEPSE Index had tested the low of 1807 points and reversed and this time the index followed the suit, say technical analysts. The turnover amount has surpassed NPR 1 billion after 25 days.</span></p> <p><span style="font-size:18px">Buyers have dominated the market taking advantage of the low prices of the shares and declining interest rates. Investors are calling regulatory authorities and the government to address their demands in the stock market. This has had a positive in the share market.</span></p> <p><span style="font-size:18px">NEPSE index surged by 1.75% points or 32.30 points, closing at 1877.32 points on the last trading day of the week, Thursday. </span></p> <p><span style="font-size:18px">264 scrips traded their hands via 32,579 transactions today. A total of 4,422,186 shares exchanged hands, amounting to NPR 1.47 billion in turnover amount. This is higher than the last trading day's turnover of Rs. 85.76 Crores.</span></p> <p><span style="font-size:18px">Nepal Doorsanchar Company Limited (NTC) had the highest turnover of Rs. 8.63 crores closing at a market price of Rs. 779.20 per share. The shares of SHIVM traded the most.</span></p> <p><span style="font-size:18px">Two scrips gained the highest 10% each and hit the positive circuit for the day, while NIBL Growth Fund (NIBLGF) lost the highest 3.14% today.</span></p> <p><span style="font-size:18px">All sector indices closed in green zone. The "Hotels and Tourism" gained the highest 3.75%, while "Others" gained the least 0.90% today. The sensitive index has increased by 1.48%, the float index by 1.74%, and the sensitive float index by 1.54% today. </span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17642', 'image' => '20230518043802_collage (4).jpg', 'article_date' => '2023-05-18 16:33:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17910', 'article_category_id' => '1', 'title' => ' FAO Releases 'Country Programming Framework' for Transformation of Agriculture Sector', 'sub_title' => '', 'summary' => 'May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Agriculture and Livestock Development Dr Beduram Bhusal, National Planning Commission Vice-Chairperson Dr Min Bahadur Shrestha, FAO Asia-Pacific Region Chief Jong-Jin Kim and UN Resident Representative Hanaa Singer-Hamdy jointly launched the framework on Wednesday. The framework covers strategic programme for five years from 2023 to 2027. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Dr Bhusal appreciated the support and cooperation of the FAO for the agriculture development of Nepal and expressed his belief that the framework would help achieve the Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lauding over seven-decade long partnership between FAO and Nepal, the minister said the framework was the shared document of the Nepal government and FAO. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further noted that the document would help promote sustainable development, maintain food and nutrition security and achieve SDGs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking on the occasion, Vice-Chairperson of the NPC, Dr Shrestha said the framework would contribute to the transformation of food system of Nepal, support the national campaign against food crisis and poverty and combat climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FAO's Asia-Pacific Region Chief Kim expressed FAO readiness to support the policy and priorities of the Nepal government as per its mandate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said FAO has brought several programmes, including increment in production and improvement in nutrition, environment as per the strategic framework of improved livelihood in its member countries. He further said such practice would not only facilitate inclusive development but also assure food security of all citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Kim also insisted the need to transform the country's food system to effectively tackle malnutrition and other food challenges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">UN Resident Representative Hamdy said the framework has laid special emphasis on women-friendly technological development and promotion when women's responsibility has increased in the agriculture sector with the growing trends of Nepali youths leaving their home for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The UN senior official also expressed full support and cooperation of the UN to Nepal in its process to graduate to a developing country from the Least Developed Country by 2026. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was attended by ambassadors, representatives of development partners, government officials, private sector representatives, agriculture entrepreneurs, industrialists and business community. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17641', 'image' => '20230518124920_FAO.jpg', 'article_date' => '2023-05-18 12:48:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Similarly, Digital Age Nepal has been awarded with the title of the Inspiring Women-led Startup, while Foodmandu has been honoured with the title of Startup Scale-Up award.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Doctors on Call aims to make home health service accessible, affordable and equitably available to everyone. The start-up is jointly co-founded by Dr Suyesh Karki, Dr Suman Neupane, Dr Subash Sapkota and Dr Mohan Bhandary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">E-Digital Nepal with the vision to digitalise the education ecosystem of Nepal has the mission to bring transformation, innovation, and revolution to the education sector of Nepal with the use of a top-notch technology-based information management system to ensure quality education. Er. Aditya Raj and Er Basant Gupta founded E-Digital jointly with Kapil Basnet.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, FOCUSONE Payment Solutions Pvt Ltd is a payment facilitator, operating a payment platform that enables MSMEs to accept cross-border / currency transactions from International (VISA, ALIPAY, UPI) and domestic (NepalPay, SCT) networks from a unified QR code, partnering with acquiring banks. Pranaya Rajbhandari and Aadish Shrestha have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ingrails Pvt Ltd jointly founded by Nirdesh Dwa, Sujit Pathak and Sanjan Piya offers a digital solution for educational institutions to perform everyday tasks, including academic, financial, operation management, and communication systems in a single platform.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Sajilo Sewa is Nepal’s first service marketplace allowing service seekers to find all kinds of at-home services. Kawish Shrestha, Pukar Acharya and Sujeet Regmi have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Delish Dairies envisions transforming the Nepalese dairy industry with the use of high-quality dairy products from locally produced milk.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Digital Age Nepal, founded by Dibyswory Dhar Dali, aims in combatting financial crimes like corruption and money-laundering, and terror financing through digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foodmandu, founded by Manohar Adhikari in 2010, is the first company in Nepal that delivers food from more than 120 different restaurants in Kathmandu, Lalitpur, Bhaktapur and Pokhara at the customers’ doorstep.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The shortlisted startups were evaluated on the parameters of articulation of vision/mission statement, value proposition and market identification, team composition and calibre, innovation/disruption, traction-to-date record, scalability and competitive strategy, use of information technology, creation story and jury judgment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Suman Shakya, founder of Tangent Waves, Juna Mathema, co-founder and managing director of Blitz Media and Tenzin Sonam Gonsar, founder and CEO of TEAM Ventures were the jury members of the award ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners were given free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme was supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17655', 'image' => '20230519083245_343763455_1383753472474819_2067865080511238680_n.jpg', 'article_date' => '2023-05-19 20:21:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17923', 'article_category_id' => '1', 'title' => 'Nepal’s Economy Likely to Grow to US$ 100 Billion by 2030: SEBON Chair Hamal', 'sub_title' => '', 'summary' => 'May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">While addressing the “NewBiz Startup Summit and Awards-2023,” Hamal said Nepal could have possibility of USD 100 billion economy with partnership and collaboration of the private sector.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON Chairman Hamal further stated that the government and its agencies should create conducive eco-system and suitable platforms for the private sector to build favorable environment for businesses and enterprises to grow in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">“It is the private sector that does business and the government has to formulate right polices and build the right eco-system for the private sector to do business,” he highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal may be unique in tradition and culture, but the country has to catch up with the world in domains of commerce and business for the economic growth. For helping the business growth, the government has to develop and put easy and right mechanism to lure in foreign investors. “We have to be on par with globe. We should have entry doorway and exit mechanism to attract FDI. We are changing the rules and polices to lure more investment,” he stressed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal said that the SEBON has formulated the draft for Small and Medium Enterprise Platforms and sent it to the Cabinet for approval to sign it into law. Any company with a paid-up capital below Rs 250 million will be listed in the SME platform, according to Chairman Hamal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON will relax some requirements, and provide incentives to small and medium enterprises.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> “This will enable SMEs to receive funds from the public,” Hamal stated.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Drawing the examples of big tech companies such as Apple Inc and Google, Hamal emphasized the need to provide funding to the startups for the growth of business. He said that the government, private sector and investors have to work in collaboration to foster the culture of startup and help them succeed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that he is committed to creating additional channels in the digital domain for investment. This will help Nepal leapfrog in technology, Hamal expressed his belief.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking at the at the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund, said that Nepal requires billions of investment to scale up the startup and growth of other enterprises in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher stated that his company despite the ongoing global recession invested 20 million dollars in four Nepali companies in the last two months. He joyfully shared that the investment committee of Dolma Impact Fund has additionally approved USD 2 million investment for Upaya Cargo.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Gocher stressed that Nepal requires massive investment to meet its target of achieving 10 per cent growth in Sustainable Development Goal (SDG). Likewise, he appreciated Securities Board of Nepal (SEBON)’s initiatives of licensing private equity funds to attract more fund to Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher informed that Dolma Impact Fund has collaborated with different private companies such as IME Group and invested in various companies including start-ups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Dr Toya Gyawali of the Ministry of Industry, Commerce and Supplies said the government should focus on innovation, investment, infrastructure, and institutionalization for the growth of startups.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Gyawali said that the government should give priority to three things: legal framework, building network, and overall eco-system to boost up startups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">He shared that startups are led mainly by management and science students. He added that the government had placed emphasis on institutional support for fostering innovation, giving access to the market, and finance.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Likewise, Rastriya Swatantra Party’s lawmaker Dr Swornim Wagle said that startup is the future of Nepal. The government should play a role to bridge the gap between the past and the future to enhance the culture of startup in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that various conditions including innovation and infrastructure should be taken into consideration for the success of the startups. He shared that Nepal lacks not polices but their execution.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that Nepal can become a respectable middle-income country in matters 25 years.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17654', 'image' => '20230519081515_ramesh hamal.jpg', 'article_date' => '2023-05-19 20:14:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17922', 'article_category_id' => '1', 'title' => 'Startups have Made Immense Contribution to the Country's Economy: Lamsal', 'sub_title' => '', 'summary' => 'May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Inaugurating the NewBiz Startup Summit and Awards 2023, Chairman Lamsal said that startups are taking root in Nepal as well.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some startups have reached the stage of issuing shares to the general public. It has contributed greatly to the country's economy,” he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Lamsal said that this award program was also organized to prevent brain drain at a time when 3300 young people are leaving for foreign employment every day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some good startups could not come in contact with us. The best startups from among those who came are being honored,” he said, adding, “We have been honoring startups since 2017. Before this programme, we also provided training for startups. Everyone participated enthusiastically.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, awards are being given to eight start-up companies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17653', 'image' => '20230519061817_madan sir.jpg', 'article_date' => '2023-05-19 18:17:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17921', 'article_category_id' => '1', 'title' => 'President Presents Government's Policies and Programmes in Parliament ', 'sub_title' => '', 'summary' => 'May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel read out the policies and programmes in the joint meeting of both the houses of the Federal Parliament in the New Baneshwar. The meeting started at 4 pm. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At the onset of the meeting, Prime Minister Pushpa Kamal Dahal handed over a copy of the policies and programmes to the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the constitutional provision, the president shall address either a meeting of any House or a joint sitting of both Houses of the Federal Parliament, and summon the MPs while presenting the government’s policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the first address to the parliament after Paudel's election to the post of the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the countries having parliamentary democracy, there is a practice of presenting the government's annual policies and programmes in the Federal Parliament and the parliament passing the same after deliberations on them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice President Ram Sahay Prasad Yadav, Prime Minister Dahal, Acting Chief Justice Hari Krishna Karki arrived at the Parliament Building to witness the presentation of the government's policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The House of Representatives and the National Assembly will hold their separate meetings today itself after the joint sitting is over. The Prime Minister will table a copy of the President's address to the joint sitting in the separate meetings as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both Houses of the Federal Parliament will deliberate on the government's policies and programmes for some days beginning Sunday. The prime minister will reply to the queries raised by lawmakers in course of the deliberations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a constitutional provision which requires the finance minister to present in the House the annual budget for the next fiscal year on the 15th of Jeth every year (May 29) after the policies and programmes are passed by the parliament. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17652', 'image' => '20230519060836_1684493191.jpg', 'article_date' => '2023-05-19 18:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17920', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Kicks Off', 'sub_title' => 'Eight start-ups will be awarded during the event', 'summary' => 'May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief guest of the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund and Madan Prasad Lamsal, chairman of New Business Age jointly inaugurated the ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at the programme, NBA Chairman Lamsal said the culture of startups is taking roots in Nepal, which is good for the future of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lamsal said that the major goal of organizing the programme is to promote a culture of entrepreneurship, and to stop the outflow of the youths from the country. He also highlighted that government, Federation of Nepalese Chambers of Commerce and Industry and other government agencies are doing needful to promote startup. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this awards ceremony, a panel discussion 'Towards a Startup Nation' is being held. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel includes Baburam Gautam, director general of the Department of Industry, Sunita Nhemaphuki, founder of R&D Innovative Solutions, and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya. Asmod Karki, the co-founder of Vikas Tech, will be moderating the panel discussion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The organisers had requested for applications from all seven provinces for the award ceremony. More than 2,000 startup entrepreneurs from across the country had applied for participation in the awards programme.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Among them, eight outstanding startup companies selected by an independent jury will be awarded during the event. All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17651', 'image' => '20230519043916_343374902_572434451436602_4823795947921127431_n.jpg', 'article_date' => '2023-05-19 16:38:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17919', 'article_category_id' => '1', 'title' => 'Private Sector's Share in GDP is 81.55 Percent: Study ', 'sub_title' => '', 'summary' => 'May 19: The share of the private sector in Nepal's GDP is 81.55 percent.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The share of the private sector in Nepal's GDP is 81.55 percent. This was stated in a study report prepared by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) with support from International Financial Corporation (IFC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared with the cooperation of the National Statistics Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Industry, Commerce and Supplies Ramesh Rijal launched the report amid a programme on Thursday evening. On the occasion, he said the report reflects the status of the private sector in the country's economy and thanked FNCCI and IFC for preparing it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector's contribution to the GDP in FY 2012/13 was 86.67 percent. The report shows that the private sector's contribution has decreased due to the contraction in the economy as a result of the fallout of the COVID-19 pandemic, earthquake among other reasons. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report shows that the government's investment has gone up while the contribution of the private sector has diminished during the post-earthquake and pandemic period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the private sector companies have expanded by 32 times in the national economy in the last 30 years. There were a total 28,660 industries in 1983 and the number of enterprises has increased by 30 times and reached 923,356 by 2018. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector is also at the forefront in terms of employment creation. It covers 85.6 percent to total employment. It has provided 57 percent employment in agriculture, forest and fishery sector, and 12.5 percent in the wholesale and retail trade and vehicle repair sector, FNCCI president Chandra Prasad Dhakal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that the private sector has provided around 5.5 million jobs whereas the government only 427,000 jobs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI president underscored the need for structural reforms for the private sector to work in full capacity. He also stressed on the need of the government to increase the capital expenditure and suggested to the government to prioritize expansion of investment areas, sustainable development, private-public partnership, among other topics in the budget for the upcoming fiscal year 2023/24. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17650', 'image' => '20230519024422_gdp.jpg', 'article_date' => '2023-05-19 14:43:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17918', 'article_category_id' => '1', 'title' => 'Bagmati Province Ahead in Insurance Business', 'sub_title' => '', 'summary' => 'May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. As the insurance companies are concentrated only in Bagmati Province, the insurance fee collected by the insurance companies in other provinces is lower than that of Bagmati Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the number of active non-life insurance policies till mid-April of the current fiscal year is 2.1 million of which 45.15 per cent is in Bagmati province. The lowest number of active non-life insurance policies is in Karnali Province at 2.18 per cent and the second lowest in Sudurpaschim Province at 5.14 per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The number of active life insurance policies has reached 14.1 million by mid-April. Among them, 72.22 per cent is in Bagmati Province. The lowest number of active life insurance policies is 1.44 per cent in Karnali Province, the second lowest is 3.19 per cent in Sudurpaschim Province and the third lowest is 3.59 per cent in Madhesh Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report shows that about 50 per cent of the insurance fee comes from Bagmati alone. Insurance companies have earned Rs 134 billion in insurance fees from all over the country in the nine months of the current fiscal year. Of that, 49.72 per cent (Rs 67 billion) has been collected from Bagmati Province. According to the authority, the non-life insurance companies have collected insurance fees of Rs 30 billion as of mid-April. They have collected 66.25 per cent (19.88 billion rupees) of the total insurance fee from Bagmati Province alone. Similarly, they collected Rs 2.73 billion from Lumbini Province and Rs 2.62 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, life insurance companies have collected Rs 104 billion in insurance fees till mid-April of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Out of that, Rs 47.11 billion have been collected from Bagmati Province. This is 44.99 per cent of the total insurance fee. Likewise, Rs 15.26 billion was collected from Lumbini Province and Rs 12.61 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chairman of Nepal Insurance Authority Surya Prasad Silwal said that the authority is conducting continuous insurance awareness programs across the country. According to Silwal, in the current fiscal year alone, the authority has organized more than 100 insurance awareness and interaction programs at the local level.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that since Bagmati Province has the largest number of industries, companies, and transportation in the country, it is usual that the share of insurance is higher in the province. Silwal said that since the share of insurance in other provinces is low, insurance awareness is the priority of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As citizens become aware of insurance, the scope of insurance will gradually increase in other provinces as well, he said.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17649', 'image' => '20230519015423_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-05-19 13:53:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17917', 'article_category_id' => '1', 'title' => 'Police Arrest Haj Committee Chair Miya, Teknath Rijal in Connection with Fake Bhutanese Refugee Scam', 'sub_title' => '16 People Arrested in Connection with the Case So Far', 'summary' => 'May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam. He was apprehended from Singha Durbar on Thursday afternoon. </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"">Miya was arrested after his involvement was established in sending Nepali citizens to the United States as Bhutanese refugees, said Senior Superintendent of Police Dan Bahadur Karki, chief of the District Police Range, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Miya had made available a vehicle provided to the Haj Committee for the group of people involved in the racket, said SSP Karki. The jeep (embossed vehicle number BAB-1405) under the brand of Nissan was reportedly used to facilitate the racket, according to the police. The police have also taken the vehicle under control. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of the racket would use the vehicle while travelling to various parts of the country like Sauraha of Chitwan district and Sundhara of Kathmandu in the name of taking interviews of their clients aspiring to go to the US, claimed the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The jeep under the ownership of the Ministry of Home Affairs has been registered with the Haj Committee. Miya was absconding after the police launched investigations into the case until his arrest on Thursday.</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"">Meanwhile, the Kathmandu District Court has remanded Miya along with Bhutanese refugee leader Teknath Rijal for two days in judicial custody for investigation into their alleged involvement in the Bhutanese refugee scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rizal was arrested by the police from Tribhuvan International Airport while he was coming to Kathmandu from Jhapa, while Miya was arrested from the Ministry of Energy, Water Resources and Irrigation at Singha Durbar, Superintendent of Police Sitaram Rial said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police had earlier arrested 14 people, including the former home minister and home secretary, in connection with the case.</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"">Further arrests were made based on the statements given by the accused. The number of people arrested in relation to this scam has reached 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rijal was arrested for investigation after it was found that he had financial transactions with Sanu Bhandari, who was detained earlier by the police. </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"">Other high-profile individuals arrested in connection with the case including former deputy prime minister Top Bahadur Rayamajhi, former home minister Bal Krishna Khand, former secretary (home affairs) Teknarayan Pandey, former home minister's security adviser Dr Indrajit Rai. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17648', 'image' => '20230519122847_teknath-rijal.jpg', 'article_date' => '2023-05-19 12:27:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17916', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Happening Today', 'sub_title' => 'Eight outstanding start-ups will be awarded under four categories', 'summary' => 'May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today (May 19). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age will award eight outstanding startups during the awards ceremony which will kick off in the capital at 4 pm. More than 2,000 startup entrepreneurs from across the country had submitted applications for the awards programme. Among them, eight outstanding startups will be awarded under four categories- Emerging Startup, Inspiring Women-Led Startup, Startup Scaleup and Best Startup.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Member of Parliament and economist Dr Swarnim Wagle, the chief guest of the programme, along with Ramesh Hamal, chairman of the Securities Board Nepal (SEBON) and Tim </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gocher, founder and CEO of Dolma Fund Management, will attend the programme. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, a panel discussion on the topic 'Towards a Startup Nation' will also be held during the event. Dr Toya Gyawali, secretary of the Ministry of Industry, Commerce and Supplies; Sunita </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nhemaphuki, founder of R&D Innovative Solutions; and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya are the panellist for the panel discussion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel discussion will be moderated by Asmod Karki, co-founder and head of operations at VikasaTech.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17647', 'image' => '20230519022807_update Newbiz Startup design.jpg', 'article_date' => '2023-05-19 11:47:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17915', 'article_category_id' => '1', 'title' => 'Tourism entrepreneurs of Pokhara Elated with the Announcement of Chartered Flights ', 'sub_title' => '', 'summary' => 'May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the 24th national conference and annual general meeting of Nepal Association of Tour and Travel Agents (NATTA) on Thursday, Minister for Culture, Tourism and Civil Aviation Sudan Kirati announced to begin chartered flights to different cities of China from June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement is expected to materialize the dream of Pokhara folks to start international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Pokhara Regional International Airport was inaugurated on January 1 this year but no international flight has taken place since then. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Pokhara Tourism Council Pom Narayan Shrestha said, "We are excited with the announcement to commence chartered flights. This will mark the beginning of international flights. This should be implemented at any cost." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, chairman of NATTA Gandaki Province Hari Ram Adhikari said that this will be a good beginning for the tourism industry and will serve as a milestone for the entire country's tourism development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is said that around 80 per cent of the total Chinese tourists arriving Nepal visit Pokhara city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17646', 'image' => '20230519112122_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-05-19 11:19:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17914', 'article_category_id' => '1', 'title' => 'Government to Unveil Policies and Programmes Today ', 'sub_title' => '', 'summary' => 'May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. The policies and progrmmes will be presented before a joint session of the House of Representatives and National Assembly at 4:00 pm on May 19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the HoR session on Thursday, Speaker Devraj Ghimire read out the letter in this regard and directed the entire Members of Parliament to be present in the meeting by 3: 45 pm and in the prescribed dress code and to take their respective seats. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The annual report of the government was presented during the lower house meeting on Thursday. Prime Minister Pushpa Kamal Dahal presented the report before the meeting in accordance with the Article 53 of the Constitution and Clause 41 of the Good Governance (Management and Operation) Act, 2064 BS. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17645', 'image' => '20230519105356_parliament building.jpg', 'article_date' => '2023-05-19 10:53:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17913', 'article_category_id' => '1', 'title' => '213 Start-ups Disqualified for Enterprise Loans', 'sub_title' => '', 'summary' => ' A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 19: A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These start-ups were among the 382 applicants who had applied for loans in the initial phase. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department of Industry, in line with Clause 8 of the Start-up Enterprise Loan Fund Procedure, 2079, had called for applications for loans on March 30.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department has clarified that the disqualified start-ups did not meet the necessary requirements for the loans. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To be eligible for the scheme, start-ups must have a paid-up capital of no more than Rs 5 million, annual incomes below Rs 500,000, fixed assets (excluding real estate) not exceeding Rs 20 million, and a workforce consisting of no more than 10 employees.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17644', 'image' => '20230519060523_collage (4).jpg', 'article_date' => '2023-05-19 06:03:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17912', 'article_category_id' => '1', 'title' => '6th Nepal Chamber Expo-2023 kicks off in Kathmandu', 'sub_title' => '', 'summary' => 'The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday. Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. ', 'content' => '<p><span style="font-size:18px">May 18: The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday.<br /> Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. </span></p> <p><span style="font-size:18px">The primary objective of this fair, as stated by the NCC, is to promote the export of domestic goods and invigorate the business community.</span></p> <p><span style="font-size:18px">Featuring 150 stalls, the expo will run until May 22, showcasing a diverse range of products including automobiles, electrical appliances, electronics, furnishings, essential items, clothing, mobile phones, handicrafts, leather goods, cosmetics, and Ayurvedic products. </span></p> <p><span style="font-size:18px">The participation of national and international companies and entrepreneurs from Nepal, India, and Bangladesh adds to the significance of this event.</span></p> <p><span style="font-size:18px">The expo is expected to facilitate interactions, information exchange regarding imports and exports, and enhance the market presence of Nepali products, according to the NCC. </span></p> <p><span style="font-size:18px">During the inauguration, the minister emphasized the importance of collaboration between the government and the private sector to foster economic prosperity. The minister urged the private sector to increase investment, while assuring governmental support in facilitating economic activities.</span></p> <p><span style="font-size:18px">Furthermore, Madhu Kumar Marasini, the secretary of the ministry, expressed optimism that the expo would facilitate the exchange of national and international business experiences, fostering stronger business relationships both domestically and internationally. </span></p> <p><span style="font-size:18px">Rajendra Malla, President of the NCC, emphasized the need to attract foreign investments in sectors such as agriculture, hydropower, tourism, and services, while promoting exports and boosting domestic production to achieve self-reliance in the country.</span><br /> </p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17643', 'image' => '20230518060821_collage (6).jpg', 'article_date' => '2023-05-18 17:58:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17911', 'article_category_id' => '1', 'title' => 'Positive Atmosphere Commences in NEPSE; Turnover Amount Surpasses 1 Billion after 25 Days ', 'sub_title' => '', 'summary' => 'The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. ', 'content' => '<p><br /> <span style="font-size:18px">May 18: The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. </span></p> <p><span style="font-size:18px">With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. </span></p> <p><span style="font-size:18px">Earlier, the NEPSE Index had tested the low of 1807 points and reversed and this time the index followed the suit, say technical analysts. The turnover amount has surpassed NPR 1 billion after 25 days.</span></p> <p><span style="font-size:18px">Buyers have dominated the market taking advantage of the low prices of the shares and declining interest rates. Investors are calling regulatory authorities and the government to address their demands in the stock market. This has had a positive in the share market.</span></p> <p><span style="font-size:18px">NEPSE index surged by 1.75% points or 32.30 points, closing at 1877.32 points on the last trading day of the week, Thursday. </span></p> <p><span style="font-size:18px">264 scrips traded their hands via 32,579 transactions today. A total of 4,422,186 shares exchanged hands, amounting to NPR 1.47 billion in turnover amount. This is higher than the last trading day's turnover of Rs. 85.76 Crores.</span></p> <p><span style="font-size:18px">Nepal Doorsanchar Company Limited (NTC) had the highest turnover of Rs. 8.63 crores closing at a market price of Rs. 779.20 per share. The shares of SHIVM traded the most.</span></p> <p><span style="font-size:18px">Two scrips gained the highest 10% each and hit the positive circuit for the day, while NIBL Growth Fund (NIBLGF) lost the highest 3.14% today.</span></p> <p><span style="font-size:18px">All sector indices closed in green zone. The "Hotels and Tourism" gained the highest 3.75%, while "Others" gained the least 0.90% today. The sensitive index has increased by 1.48%, the float index by 1.74%, and the sensitive float index by 1.54% today. </span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17642', 'image' => '20230518043802_collage (4).jpg', 'article_date' => '2023-05-18 16:33:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17910', 'article_category_id' => '1', 'title' => ' FAO Releases 'Country Programming Framework' for Transformation of Agriculture Sector', 'sub_title' => '', 'summary' => 'May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Agriculture and Livestock Development Dr Beduram Bhusal, National Planning Commission Vice-Chairperson Dr Min Bahadur Shrestha, FAO Asia-Pacific Region Chief Jong-Jin Kim and UN Resident Representative Hanaa Singer-Hamdy jointly launched the framework on Wednesday. The framework covers strategic programme for five years from 2023 to 2027. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Dr Bhusal appreciated the support and cooperation of the FAO for the agriculture development of Nepal and expressed his belief that the framework would help achieve the Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lauding over seven-decade long partnership between FAO and Nepal, the minister said the framework was the shared document of the Nepal government and FAO. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further noted that the document would help promote sustainable development, maintain food and nutrition security and achieve SDGs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking on the occasion, Vice-Chairperson of the NPC, Dr Shrestha said the framework would contribute to the transformation of food system of Nepal, support the national campaign against food crisis and poverty and combat climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FAO's Asia-Pacific Region Chief Kim expressed FAO readiness to support the policy and priorities of the Nepal government as per its mandate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said FAO has brought several programmes, including increment in production and improvement in nutrition, environment as per the strategic framework of improved livelihood in its member countries. He further said such practice would not only facilitate inclusive development but also assure food security of all citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Kim also insisted the need to transform the country's food system to effectively tackle malnutrition and other food challenges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">UN Resident Representative Hamdy said the framework has laid special emphasis on women-friendly technological development and promotion when women's responsibility has increased in the agriculture sector with the growing trends of Nepali youths leaving their home for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The UN senior official also expressed full support and cooperation of the UN to Nepal in its process to graduate to a developing country from the Least Developed Country by 2026. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was attended by ambassadors, representatives of development partners, government officials, private sector representatives, agriculture entrepreneurs, industrialists and business community. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17641', 'image' => '20230518124920_FAO.jpg', 'article_date' => '2023-05-18 12:48:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '17924', 'article_category_id' => '1', 'title' => 'NBA Honours Eight Outstanding Startup Companies during the NewBiz Startup Summit and Awards 2023', 'sub_title' => '', 'summary' => 'May 19: New Business Age, one of the leading business magazines of Nepal, has honoured eight startup companies including five best startups of the year during the NewBiz Startup Summit and Awards programme in the capital on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: New Business Age, one of the leading business magazines of Nepal, has honoured eight startup companies including five best startups of the year during the NewBiz Startup Summit and Awards programme in the capital on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Doctors on Call, E-Digital Nepal, FOCUS ONE, Ingrails (Ved) and Sajilo Sewa were announced as the five best start-ups of the year from among more than 2000 startup entries during the awards ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Five of these start-ups have been recognized as the best startup of the year and have been honoured with certificates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, Delish Dairieshas bagged the title of the emerging startup of the year for 2023. Similarly, Digital Age Nepal has been awarded with the title of the Inspiring Women-led Startup, while Foodmandu has been honoured with the title of Startup Scale-Up award.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Doctors on Call aims to make home health service accessible, affordable and equitably available to everyone. The start-up is jointly co-founded by Dr Suyesh Karki, Dr Suman Neupane, Dr Subash Sapkota and Dr Mohan Bhandary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">E-Digital Nepal with the vision to digitalise the education ecosystem of Nepal has the mission to bring transformation, innovation, and revolution to the education sector of Nepal with the use of a top-notch technology-based information management system to ensure quality education. Er. Aditya Raj and Er Basant Gupta founded E-Digital jointly with Kapil Basnet.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, FOCUSONE Payment Solutions Pvt Ltd is a payment facilitator, operating a payment platform that enables MSMEs to accept cross-border / currency transactions from International (VISA, ALIPAY, UPI) and domestic (NepalPay, SCT) networks from a unified QR code, partnering with acquiring banks. Pranaya Rajbhandari and Aadish Shrestha have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ingrails Pvt Ltd jointly founded by Nirdesh Dwa, Sujit Pathak and Sanjan Piya offers a digital solution for educational institutions to perform everyday tasks, including academic, financial, operation management, and communication systems in a single platform.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Sajilo Sewa is Nepal’s first service marketplace allowing service seekers to find all kinds of at-home services. Kawish Shrestha, Pukar Acharya and Sujeet Regmi have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Delish Dairies envisions transforming the Nepalese dairy industry with the use of high-quality dairy products from locally produced milk.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Digital Age Nepal, founded by Dibyswory Dhar Dali, aims in combatting financial crimes like corruption and money-laundering, and terror financing through digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foodmandu, founded by Manohar Adhikari in 2010, is the first company in Nepal that delivers food from more than 120 different restaurants in Kathmandu, Lalitpur, Bhaktapur and Pokhara at the customers’ doorstep.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The shortlisted startups were evaluated on the parameters of articulation of vision/mission statement, value proposition and market identification, team composition and calibre, innovation/disruption, traction-to-date record, scalability and competitive strategy, use of information technology, creation story and jury judgment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Suman Shakya, founder of Tangent Waves, Juna Mathema, co-founder and managing director of Blitz Media and Tenzin Sonam Gonsar, founder and CEO of TEAM Ventures were the jury members of the award ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners were given free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme was supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17655', 'image' => '20230519083245_343763455_1383753472474819_2067865080511238680_n.jpg', 'article_date' => '2023-05-19 20:21:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17923', 'article_category_id' => '1', 'title' => 'Nepal’s Economy Likely to Grow to US$ 100 Billion by 2030: SEBON Chair Hamal', 'sub_title' => '', 'summary' => 'May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">While addressing the “NewBiz Startup Summit and Awards-2023,” Hamal said Nepal could have possibility of USD 100 billion economy with partnership and collaboration of the private sector.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON Chairman Hamal further stated that the government and its agencies should create conducive eco-system and suitable platforms for the private sector to build favorable environment for businesses and enterprises to grow in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">“It is the private sector that does business and the government has to formulate right polices and build the right eco-system for the private sector to do business,” he highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal may be unique in tradition and culture, but the country has to catch up with the world in domains of commerce and business for the economic growth. For helping the business growth, the government has to develop and put easy and right mechanism to lure in foreign investors. “We have to be on par with globe. We should have entry doorway and exit mechanism to attract FDI. We are changing the rules and polices to lure more investment,” he stressed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal said that the SEBON has formulated the draft for Small and Medium Enterprise Platforms and sent it to the Cabinet for approval to sign it into law. Any company with a paid-up capital below Rs 250 million will be listed in the SME platform, according to Chairman Hamal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON will relax some requirements, and provide incentives to small and medium enterprises.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> “This will enable SMEs to receive funds from the public,” Hamal stated.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Drawing the examples of big tech companies such as Apple Inc and Google, Hamal emphasized the need to provide funding to the startups for the growth of business. He said that the government, private sector and investors have to work in collaboration to foster the culture of startup and help them succeed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that he is committed to creating additional channels in the digital domain for investment. This will help Nepal leapfrog in technology, Hamal expressed his belief.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking at the at the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund, said that Nepal requires billions of investment to scale up the startup and growth of other enterprises in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher stated that his company despite the ongoing global recession invested 20 million dollars in four Nepali companies in the last two months. He joyfully shared that the investment committee of Dolma Impact Fund has additionally approved USD 2 million investment for Upaya Cargo.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Gocher stressed that Nepal requires massive investment to meet its target of achieving 10 per cent growth in Sustainable Development Goal (SDG). Likewise, he appreciated Securities Board of Nepal (SEBON)’s initiatives of licensing private equity funds to attract more fund to Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher informed that Dolma Impact Fund has collaborated with different private companies such as IME Group and invested in various companies including start-ups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Dr Toya Gyawali of the Ministry of Industry, Commerce and Supplies said the government should focus on innovation, investment, infrastructure, and institutionalization for the growth of startups.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Gyawali said that the government should give priority to three things: legal framework, building network, and overall eco-system to boost up startups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">He shared that startups are led mainly by management and science students. He added that the government had placed emphasis on institutional support for fostering innovation, giving access to the market, and finance.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Likewise, Rastriya Swatantra Party’s lawmaker Dr Swornim Wagle said that startup is the future of Nepal. The government should play a role to bridge the gap between the past and the future to enhance the culture of startup in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that various conditions including innovation and infrastructure should be taken into consideration for the success of the startups. He shared that Nepal lacks not polices but their execution.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that Nepal can become a respectable middle-income country in matters 25 years.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17654', 'image' => '20230519081515_ramesh hamal.jpg', 'article_date' => '2023-05-19 20:14:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17922', 'article_category_id' => '1', 'title' => 'Startups have Made Immense Contribution to the Country's Economy: Lamsal', 'sub_title' => '', 'summary' => 'May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Inaugurating the NewBiz Startup Summit and Awards 2023, Chairman Lamsal said that startups are taking root in Nepal as well.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some startups have reached the stage of issuing shares to the general public. It has contributed greatly to the country's economy,” he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Lamsal said that this award program was also organized to prevent brain drain at a time when 3300 young people are leaving for foreign employment every day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some good startups could not come in contact with us. The best startups from among those who came are being honored,” he said, adding, “We have been honoring startups since 2017. Before this programme, we also provided training for startups. Everyone participated enthusiastically.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, awards are being given to eight start-up companies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17653', 'image' => '20230519061817_madan sir.jpg', 'article_date' => '2023-05-19 18:17:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17921', 'article_category_id' => '1', 'title' => 'President Presents Government's Policies and Programmes in Parliament ', 'sub_title' => '', 'summary' => 'May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel read out the policies and programmes in the joint meeting of both the houses of the Federal Parliament in the New Baneshwar. The meeting started at 4 pm. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At the onset of the meeting, Prime Minister Pushpa Kamal Dahal handed over a copy of the policies and programmes to the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the constitutional provision, the president shall address either a meeting of any House or a joint sitting of both Houses of the Federal Parliament, and summon the MPs while presenting the government’s policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the first address to the parliament after Paudel's election to the post of the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the countries having parliamentary democracy, there is a practice of presenting the government's annual policies and programmes in the Federal Parliament and the parliament passing the same after deliberations on them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice President Ram Sahay Prasad Yadav, Prime Minister Dahal, Acting Chief Justice Hari Krishna Karki arrived at the Parliament Building to witness the presentation of the government's policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The House of Representatives and the National Assembly will hold their separate meetings today itself after the joint sitting is over. The Prime Minister will table a copy of the President's address to the joint sitting in the separate meetings as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both Houses of the Federal Parliament will deliberate on the government's policies and programmes for some days beginning Sunday. The prime minister will reply to the queries raised by lawmakers in course of the deliberations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a constitutional provision which requires the finance minister to present in the House the annual budget for the next fiscal year on the 15th of Jeth every year (May 29) after the policies and programmes are passed by the parliament. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17652', 'image' => '20230519060836_1684493191.jpg', 'article_date' => '2023-05-19 18:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17920', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Kicks Off', 'sub_title' => 'Eight start-ups will be awarded during the event', 'summary' => 'May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief guest of the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund and Madan Prasad Lamsal, chairman of New Business Age jointly inaugurated the ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at the programme, NBA Chairman Lamsal said the culture of startups is taking roots in Nepal, which is good for the future of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lamsal said that the major goal of organizing the programme is to promote a culture of entrepreneurship, and to stop the outflow of the youths from the country. He also highlighted that government, Federation of Nepalese Chambers of Commerce and Industry and other government agencies are doing needful to promote startup. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this awards ceremony, a panel discussion 'Towards a Startup Nation' is being held. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel includes Baburam Gautam, director general of the Department of Industry, Sunita Nhemaphuki, founder of R&D Innovative Solutions, and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya. Asmod Karki, the co-founder of Vikas Tech, will be moderating the panel discussion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The organisers had requested for applications from all seven provinces for the award ceremony. More than 2,000 startup entrepreneurs from across the country had applied for participation in the awards programme.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Among them, eight outstanding startup companies selected by an independent jury will be awarded during the event. All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17651', 'image' => '20230519043916_343374902_572434451436602_4823795947921127431_n.jpg', 'article_date' => '2023-05-19 16:38:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17919', 'article_category_id' => '1', 'title' => 'Private Sector's Share in GDP is 81.55 Percent: Study ', 'sub_title' => '', 'summary' => 'May 19: The share of the private sector in Nepal's GDP is 81.55 percent.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The share of the private sector in Nepal's GDP is 81.55 percent. This was stated in a study report prepared by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) with support from International Financial Corporation (IFC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared with the cooperation of the National Statistics Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Industry, Commerce and Supplies Ramesh Rijal launched the report amid a programme on Thursday evening. On the occasion, he said the report reflects the status of the private sector in the country's economy and thanked FNCCI and IFC for preparing it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector's contribution to the GDP in FY 2012/13 was 86.67 percent. The report shows that the private sector's contribution has decreased due to the contraction in the economy as a result of the fallout of the COVID-19 pandemic, earthquake among other reasons. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report shows that the government's investment has gone up while the contribution of the private sector has diminished during the post-earthquake and pandemic period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the private sector companies have expanded by 32 times in the national economy in the last 30 years. There were a total 28,660 industries in 1983 and the number of enterprises has increased by 30 times and reached 923,356 by 2018. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector is also at the forefront in terms of employment creation. It covers 85.6 percent to total employment. It has provided 57 percent employment in agriculture, forest and fishery sector, and 12.5 percent in the wholesale and retail trade and vehicle repair sector, FNCCI president Chandra Prasad Dhakal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that the private sector has provided around 5.5 million jobs whereas the government only 427,000 jobs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI president underscored the need for structural reforms for the private sector to work in full capacity. He also stressed on the need of the government to increase the capital expenditure and suggested to the government to prioritize expansion of investment areas, sustainable development, private-public partnership, among other topics in the budget for the upcoming fiscal year 2023/24. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17650', 'image' => '20230519024422_gdp.jpg', 'article_date' => '2023-05-19 14:43:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17918', 'article_category_id' => '1', 'title' => 'Bagmati Province Ahead in Insurance Business', 'sub_title' => '', 'summary' => 'May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. As the insurance companies are concentrated only in Bagmati Province, the insurance fee collected by the insurance companies in other provinces is lower than that of Bagmati Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the number of active non-life insurance policies till mid-April of the current fiscal year is 2.1 million of which 45.15 per cent is in Bagmati province. The lowest number of active non-life insurance policies is in Karnali Province at 2.18 per cent and the second lowest in Sudurpaschim Province at 5.14 per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The number of active life insurance policies has reached 14.1 million by mid-April. Among them, 72.22 per cent is in Bagmati Province. The lowest number of active life insurance policies is 1.44 per cent in Karnali Province, the second lowest is 3.19 per cent in Sudurpaschim Province and the third lowest is 3.59 per cent in Madhesh Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report shows that about 50 per cent of the insurance fee comes from Bagmati alone. Insurance companies have earned Rs 134 billion in insurance fees from all over the country in the nine months of the current fiscal year. Of that, 49.72 per cent (Rs 67 billion) has been collected from Bagmati Province. According to the authority, the non-life insurance companies have collected insurance fees of Rs 30 billion as of mid-April. They have collected 66.25 per cent (19.88 billion rupees) of the total insurance fee from Bagmati Province alone. Similarly, they collected Rs 2.73 billion from Lumbini Province and Rs 2.62 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, life insurance companies have collected Rs 104 billion in insurance fees till mid-April of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Out of that, Rs 47.11 billion have been collected from Bagmati Province. This is 44.99 per cent of the total insurance fee. Likewise, Rs 15.26 billion was collected from Lumbini Province and Rs 12.61 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chairman of Nepal Insurance Authority Surya Prasad Silwal said that the authority is conducting continuous insurance awareness programs across the country. According to Silwal, in the current fiscal year alone, the authority has organized more than 100 insurance awareness and interaction programs at the local level.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that since Bagmati Province has the largest number of industries, companies, and transportation in the country, it is usual that the share of insurance is higher in the province. Silwal said that since the share of insurance in other provinces is low, insurance awareness is the priority of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As citizens become aware of insurance, the scope of insurance will gradually increase in other provinces as well, he said.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17649', 'image' => '20230519015423_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-05-19 13:53:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17917', 'article_category_id' => '1', 'title' => 'Police Arrest Haj Committee Chair Miya, Teknath Rijal in Connection with Fake Bhutanese Refugee Scam', 'sub_title' => '16 People Arrested in Connection with the Case So Far', 'summary' => 'May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam. He was apprehended from Singha Durbar on Thursday afternoon. </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"">Miya was arrested after his involvement was established in sending Nepali citizens to the United States as Bhutanese refugees, said Senior Superintendent of Police Dan Bahadur Karki, chief of the District Police Range, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Miya had made available a vehicle provided to the Haj Committee for the group of people involved in the racket, said SSP Karki. The jeep (embossed vehicle number BAB-1405) under the brand of Nissan was reportedly used to facilitate the racket, according to the police. The police have also taken the vehicle under control. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of the racket would use the vehicle while travelling to various parts of the country like Sauraha of Chitwan district and Sundhara of Kathmandu in the name of taking interviews of their clients aspiring to go to the US, claimed the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The jeep under the ownership of the Ministry of Home Affairs has been registered with the Haj Committee. Miya was absconding after the police launched investigations into the case until his arrest on Thursday.</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"">Meanwhile, the Kathmandu District Court has remanded Miya along with Bhutanese refugee leader Teknath Rijal for two days in judicial custody for investigation into their alleged involvement in the Bhutanese refugee scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rizal was arrested by the police from Tribhuvan International Airport while he was coming to Kathmandu from Jhapa, while Miya was arrested from the Ministry of Energy, Water Resources and Irrigation at Singha Durbar, Superintendent of Police Sitaram Rial said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police had earlier arrested 14 people, including the former home minister and home secretary, in connection with the case.</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"">Further arrests were made based on the statements given by the accused. The number of people arrested in relation to this scam has reached 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rijal was arrested for investigation after it was found that he had financial transactions with Sanu Bhandari, who was detained earlier by the police. </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"">Other high-profile individuals arrested in connection with the case including former deputy prime minister Top Bahadur Rayamajhi, former home minister Bal Krishna Khand, former secretary (home affairs) Teknarayan Pandey, former home minister's security adviser Dr Indrajit Rai. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17648', 'image' => '20230519122847_teknath-rijal.jpg', 'article_date' => '2023-05-19 12:27:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17916', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Happening Today', 'sub_title' => 'Eight outstanding start-ups will be awarded under four categories', 'summary' => 'May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today (May 19). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age will award eight outstanding startups during the awards ceremony which will kick off in the capital at 4 pm. More than 2,000 startup entrepreneurs from across the country had submitted applications for the awards programme. Among them, eight outstanding startups will be awarded under four categories- Emerging Startup, Inspiring Women-Led Startup, Startup Scaleup and Best Startup.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Member of Parliament and economist Dr Swarnim Wagle, the chief guest of the programme, along with Ramesh Hamal, chairman of the Securities Board Nepal (SEBON) and Tim </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gocher, founder and CEO of Dolma Fund Management, will attend the programme. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, a panel discussion on the topic 'Towards a Startup Nation' will also be held during the event. Dr Toya Gyawali, secretary of the Ministry of Industry, Commerce and Supplies; Sunita </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nhemaphuki, founder of R&D Innovative Solutions; and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya are the panellist for the panel discussion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel discussion will be moderated by Asmod Karki, co-founder and head of operations at VikasaTech.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17647', 'image' => '20230519022807_update Newbiz Startup design.jpg', 'article_date' => '2023-05-19 11:47:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17915', 'article_category_id' => '1', 'title' => 'Tourism entrepreneurs of Pokhara Elated with the Announcement of Chartered Flights ', 'sub_title' => '', 'summary' => 'May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the 24th national conference and annual general meeting of Nepal Association of Tour and Travel Agents (NATTA) on Thursday, Minister for Culture, Tourism and Civil Aviation Sudan Kirati announced to begin chartered flights to different cities of China from June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement is expected to materialize the dream of Pokhara folks to start international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Pokhara Regional International Airport was inaugurated on January 1 this year but no international flight has taken place since then. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Pokhara Tourism Council Pom Narayan Shrestha said, "We are excited with the announcement to commence chartered flights. This will mark the beginning of international flights. This should be implemented at any cost." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, chairman of NATTA Gandaki Province Hari Ram Adhikari said that this will be a good beginning for the tourism industry and will serve as a milestone for the entire country's tourism development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is said that around 80 per cent of the total Chinese tourists arriving Nepal visit Pokhara city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17646', 'image' => '20230519112122_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-05-19 11:19:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17914', 'article_category_id' => '1', 'title' => 'Government to Unveil Policies and Programmes Today ', 'sub_title' => '', 'summary' => 'May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. The policies and progrmmes will be presented before a joint session of the House of Representatives and National Assembly at 4:00 pm on May 19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the HoR session on Thursday, Speaker Devraj Ghimire read out the letter in this regard and directed the entire Members of Parliament to be present in the meeting by 3: 45 pm and in the prescribed dress code and to take their respective seats. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The annual report of the government was presented during the lower house meeting on Thursday. Prime Minister Pushpa Kamal Dahal presented the report before the meeting in accordance with the Article 53 of the Constitution and Clause 41 of the Good Governance (Management and Operation) Act, 2064 BS. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17645', 'image' => '20230519105356_parliament building.jpg', 'article_date' => '2023-05-19 10:53:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17913', 'article_category_id' => '1', 'title' => '213 Start-ups Disqualified for Enterprise Loans', 'sub_title' => '', 'summary' => ' A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 19: A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These start-ups were among the 382 applicants who had applied for loans in the initial phase. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department of Industry, in line with Clause 8 of the Start-up Enterprise Loan Fund Procedure, 2079, had called for applications for loans on March 30.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department has clarified that the disqualified start-ups did not meet the necessary requirements for the loans. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To be eligible for the scheme, start-ups must have a paid-up capital of no more than Rs 5 million, annual incomes below Rs 500,000, fixed assets (excluding real estate) not exceeding Rs 20 million, and a workforce consisting of no more than 10 employees.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17644', 'image' => '20230519060523_collage (4).jpg', 'article_date' => '2023-05-19 06:03:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17912', 'article_category_id' => '1', 'title' => '6th Nepal Chamber Expo-2023 kicks off in Kathmandu', 'sub_title' => '', 'summary' => 'The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday. Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. ', 'content' => '<p><span style="font-size:18px">May 18: The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday.<br /> Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. </span></p> <p><span style="font-size:18px">The primary objective of this fair, as stated by the NCC, is to promote the export of domestic goods and invigorate the business community.</span></p> <p><span style="font-size:18px">Featuring 150 stalls, the expo will run until May 22, showcasing a diverse range of products including automobiles, electrical appliances, electronics, furnishings, essential items, clothing, mobile phones, handicrafts, leather goods, cosmetics, and Ayurvedic products. </span></p> <p><span style="font-size:18px">The participation of national and international companies and entrepreneurs from Nepal, India, and Bangladesh adds to the significance of this event.</span></p> <p><span style="font-size:18px">The expo is expected to facilitate interactions, information exchange regarding imports and exports, and enhance the market presence of Nepali products, according to the NCC. </span></p> <p><span style="font-size:18px">During the inauguration, the minister emphasized the importance of collaboration between the government and the private sector to foster economic prosperity. The minister urged the private sector to increase investment, while assuring governmental support in facilitating economic activities.</span></p> <p><span style="font-size:18px">Furthermore, Madhu Kumar Marasini, the secretary of the ministry, expressed optimism that the expo would facilitate the exchange of national and international business experiences, fostering stronger business relationships both domestically and internationally. </span></p> <p><span style="font-size:18px">Rajendra Malla, President of the NCC, emphasized the need to attract foreign investments in sectors such as agriculture, hydropower, tourism, and services, while promoting exports and boosting domestic production to achieve self-reliance in the country.</span><br /> </p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17643', 'image' => '20230518060821_collage (6).jpg', 'article_date' => '2023-05-18 17:58:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17911', 'article_category_id' => '1', 'title' => 'Positive Atmosphere Commences in NEPSE; Turnover Amount Surpasses 1 Billion after 25 Days ', 'sub_title' => '', 'summary' => 'The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. ', 'content' => '<p><br /> <span style="font-size:18px">May 18: The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. </span></p> <p><span style="font-size:18px">With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. </span></p> <p><span style="font-size:18px">Earlier, the NEPSE Index had tested the low of 1807 points and reversed and this time the index followed the suit, say technical analysts. The turnover amount has surpassed NPR 1 billion after 25 days.</span></p> <p><span style="font-size:18px">Buyers have dominated the market taking advantage of the low prices of the shares and declining interest rates. Investors are calling regulatory authorities and the government to address their demands in the stock market. This has had a positive in the share market.</span></p> <p><span style="font-size:18px">NEPSE index surged by 1.75% points or 32.30 points, closing at 1877.32 points on the last trading day of the week, Thursday. </span></p> <p><span style="font-size:18px">264 scrips traded their hands via 32,579 transactions today. A total of 4,422,186 shares exchanged hands, amounting to NPR 1.47 billion in turnover amount. This is higher than the last trading day's turnover of Rs. 85.76 Crores.</span></p> <p><span style="font-size:18px">Nepal Doorsanchar Company Limited (NTC) had the highest turnover of Rs. 8.63 crores closing at a market price of Rs. 779.20 per share. The shares of SHIVM traded the most.</span></p> <p><span style="font-size:18px">Two scrips gained the highest 10% each and hit the positive circuit for the day, while NIBL Growth Fund (NIBLGF) lost the highest 3.14% today.</span></p> <p><span style="font-size:18px">All sector indices closed in green zone. The "Hotels and Tourism" gained the highest 3.75%, while "Others" gained the least 0.90% today. The sensitive index has increased by 1.48%, the float index by 1.74%, and the sensitive float index by 1.54% today. </span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17642', 'image' => '20230518043802_collage (4).jpg', 'article_date' => '2023-05-18 16:33:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17910', 'article_category_id' => '1', 'title' => ' FAO Releases 'Country Programming Framework' for Transformation of Agriculture Sector', 'sub_title' => '', 'summary' => 'May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Agriculture and Livestock Development Dr Beduram Bhusal, National Planning Commission Vice-Chairperson Dr Min Bahadur Shrestha, FAO Asia-Pacific Region Chief Jong-Jin Kim and UN Resident Representative Hanaa Singer-Hamdy jointly launched the framework on Wednesday. The framework covers strategic programme for five years from 2023 to 2027. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Dr Bhusal appreciated the support and cooperation of the FAO for the agriculture development of Nepal and expressed his belief that the framework would help achieve the Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lauding over seven-decade long partnership between FAO and Nepal, the minister said the framework was the shared document of the Nepal government and FAO. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further noted that the document would help promote sustainable development, maintain food and nutrition security and achieve SDGs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking on the occasion, Vice-Chairperson of the NPC, Dr Shrestha said the framework would contribute to the transformation of food system of Nepal, support the national campaign against food crisis and poverty and combat climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FAO's Asia-Pacific Region Chief Kim expressed FAO readiness to support the policy and priorities of the Nepal government as per its mandate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said FAO has brought several programmes, including increment in production and improvement in nutrition, environment as per the strategic framework of improved livelihood in its member countries. He further said such practice would not only facilitate inclusive development but also assure food security of all citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Kim also insisted the need to transform the country's food system to effectively tackle malnutrition and other food challenges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">UN Resident Representative Hamdy said the framework has laid special emphasis on women-friendly technological development and promotion when women's responsibility has increased in the agriculture sector with the growing trends of Nepali youths leaving their home for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The UN senior official also expressed full support and cooperation of the UN to Nepal in its process to graduate to a developing country from the Least Developed Country by 2026. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was attended by ambassadors, representatives of development partners, government officials, private sector representatives, agriculture entrepreneurs, industrialists and business community. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17641', 'image' => '20230518124920_FAO.jpg', 'article_date' => '2023-05-18 12:48:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Similarly, Digital Age Nepal has been awarded with the title of the Inspiring Women-led Startup, while Foodmandu has been honoured with the title of Startup Scale-Up award.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Doctors on Call aims to make home health service accessible, affordable and equitably available to everyone. The start-up is jointly co-founded by Dr Suyesh Karki, Dr Suman Neupane, Dr Subash Sapkota and Dr Mohan Bhandary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">E-Digital Nepal with the vision to digitalise the education ecosystem of Nepal has the mission to bring transformation, innovation, and revolution to the education sector of Nepal with the use of a top-notch technology-based information management system to ensure quality education. Er. Aditya Raj and Er Basant Gupta founded E-Digital jointly with Kapil Basnet.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, FOCUSONE Payment Solutions Pvt Ltd is a payment facilitator, operating a payment platform that enables MSMEs to accept cross-border / currency transactions from International (VISA, ALIPAY, UPI) and domestic (NepalPay, SCT) networks from a unified QR code, partnering with acquiring banks. Pranaya Rajbhandari and Aadish Shrestha have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Ingrails Pvt Ltd jointly founded by Nirdesh Dwa, Sujit Pathak and Sanjan Piya offers a digital solution for educational institutions to perform everyday tasks, including academic, financial, operation management, and communication systems in a single platform.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, Sajilo Sewa is Nepal’s first service marketplace allowing service seekers to find all kinds of at-home services. Kawish Shrestha, Pukar Acharya and Sujeet Regmi have jointly founded the start-up.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Delish Dairies envisions transforming the Nepalese dairy industry with the use of high-quality dairy products from locally produced milk.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Digital Age Nepal, founded by Dibyswory Dhar Dali, aims in combatting financial crimes like corruption and money-laundering, and terror financing through digitization.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Foodmandu, founded by Manohar Adhikari in 2010, is the first company in Nepal that delivers food from more than 120 different restaurants in Kathmandu, Lalitpur, Bhaktapur and Pokhara at the customers’ doorstep.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The shortlisted startups were evaluated on the parameters of articulation of vision/mission statement, value proposition and market identification, team composition and calibre, innovation/disruption, traction-to-date record, scalability and competitive strategy, use of information technology, creation story and jury judgment.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Suman Shakya, founder of Tangent Waves, Juna Mathema, co-founder and managing director of Blitz Media and Tenzin Sonam Gonsar, founder and CEO of TEAM Ventures were the jury members of the award ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners were given free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme was supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17655', 'image' => '20230519083245_343763455_1383753472474819_2067865080511238680_n.jpg', 'article_date' => '2023-05-19 20:21:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '17923', 'article_category_id' => '1', 'title' => 'Nepal’s Economy Likely to Grow to US$ 100 Billion by 2030: SEBON Chair Hamal', 'sub_title' => '', 'summary' => 'May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">May 19: Chairman of the Securities Board of Nepal(SEBON) Ramesh Hamal said that Nepal has possibility of having a USD 100 billion economy by 2030.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">While addressing the “NewBiz Startup Summit and Awards-2023,” Hamal said Nepal could have possibility of USD 100 billion economy with partnership and collaboration of the private sector.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON Chairman Hamal further stated that the government and its agencies should create conducive eco-system and suitable platforms for the private sector to build favorable environment for businesses and enterprises to grow in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">“It is the private sector that does business and the government has to formulate right polices and build the right eco-system for the private sector to do business,” he highlighted.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal may be unique in tradition and culture, but the country has to catch up with the world in domains of commerce and business for the economic growth. For helping the business growth, the government has to develop and put easy and right mechanism to lure in foreign investors. “We have to be on par with globe. We should have entry doorway and exit mechanism to attract FDI. We are changing the rules and polices to lure more investment,” he stressed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal said that the SEBON has formulated the draft for Small and Medium Enterprise Platforms and sent it to the Cabinet for approval to sign it into law. Any company with a paid-up capital below Rs 250 million will be listed in the SME platform, according to Chairman Hamal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">SEBON will relax some requirements, and provide incentives to small and medium enterprises.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> “This will enable SMEs to receive funds from the public,” Hamal stated.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Drawing the examples of big tech companies such as Apple Inc and Google, Hamal emphasized the need to provide funding to the startups for the growth of business. He said that the government, private sector and investors have to work in collaboration to foster the culture of startup and help them succeed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Hamal further said that he is committed to creating additional channels in the digital domain for investment. This will help Nepal leapfrog in technology, Hamal expressed his belief.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Speaking at the at the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund, said that Nepal requires billions of investment to scale up the startup and growth of other enterprises in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher stated that his company despite the ongoing global recession invested 20 million dollars in four Nepali companies in the last two months. He joyfully shared that the investment committee of Dolma Impact Fund has additionally approved USD 2 million investment for Upaya Cargo.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Gocher stressed that Nepal requires massive investment to meet its target of achieving 10 per cent growth in Sustainable Development Goal (SDG). Likewise, he appreciated Securities Board of Nepal (SEBON)’s initiatives of licensing private equity funds to attract more fund to Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Gocher informed that Dolma Impact Fund has collaborated with different private companies such as IME Group and invested in various companies including start-ups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Dr Toya Gyawali of the Ministry of Industry, Commerce and Supplies said the government should focus on innovation, investment, infrastructure, and institutionalization for the growth of startups.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Secretary Gyawali said that the government should give priority to three things: legal framework, building network, and overall eco-system to boost up startups in Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">He shared that startups are led mainly by management and science students. He added that the government had placed emphasis on institutional support for fostering innovation, giving access to the market, and finance.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> Likewise, Rastriya Swatantra Party’s lawmaker Dr Swornim Wagle said that startup is the future of Nepal. The government should play a role to bridge the gap between the past and the future to enhance the culture of startup in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that various conditions including innovation and infrastructure should be taken into consideration for the success of the startups. He shared that Nepal lacks not polices but their execution.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Dr Wagle said that Nepal can become a respectable middle-income country in matters 25 years.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17654', 'image' => '20230519081515_ramesh hamal.jpg', 'article_date' => '2023-05-19 20:14:41', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '17922', 'article_category_id' => '1', 'title' => 'Startups have Made Immense Contribution to the Country's Economy: Lamsal', 'sub_title' => '', 'summary' => 'May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">May 19: Madan Lamsal, chairman of New Business Age, said that startups have contributed a lot to the country's economy.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Inaugurating the NewBiz Startup Summit and Awards 2023, Chairman Lamsal said that startups are taking root in Nepal as well.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some startups have reached the stage of issuing shares to the general public. It has contributed greatly to the country's economy,” he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Lamsal said that this award program was also organized to prevent brain drain at a time when 3300 young people are leaving for foreign employment every day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“Some good startups could not come in contact with us. The best startups from among those who came are being honored,” he said, adding, “We have been honoring startups since 2017. Before this programme, we also provided training for startups. Everyone participated enthusiastically.”</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">This year, awards are being given to eight start-up companies. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17653', 'image' => '20230519061817_madan sir.jpg', 'article_date' => '2023-05-19 18:17:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '17921', 'article_category_id' => '1', 'title' => 'President Presents Government's Policies and Programmes in Parliament ', 'sub_title' => '', 'summary' => 'May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: President Ram Chandra Poudel on Friday presented the government's policies and programmes for the next fiscal year (FY 2023/24) in the Federal Parliament. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel read out the policies and programmes in the joint meeting of both the houses of the Federal Parliament in the New Baneshwar. The meeting started at 4 pm. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">At the onset of the meeting, Prime Minister Pushpa Kamal Dahal handed over a copy of the policies and programmes to the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the constitutional provision, the president shall address either a meeting of any House or a joint sitting of both Houses of the Federal Parliament, and summon the MPs while presenting the government’s policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This is the first address to the parliament after Paudel's election to the post of the president. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the countries having parliamentary democracy, there is a practice of presenting the government's annual policies and programmes in the Federal Parliament and the parliament passing the same after deliberations on them. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Vice President Ram Sahay Prasad Yadav, Prime Minister Dahal, Acting Chief Justice Hari Krishna Karki arrived at the Parliament Building to witness the presentation of the government's policies and programmes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The House of Representatives and the National Assembly will hold their separate meetings today itself after the joint sitting is over. The Prime Minister will table a copy of the President's address to the joint sitting in the separate meetings as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Both Houses of the Federal Parliament will deliberate on the government's policies and programmes for some days beginning Sunday. The prime minister will reply to the queries raised by lawmakers in course of the deliberations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">There is a constitutional provision which requires the finance minister to present in the House the annual budget for the next fiscal year on the 15th of Jeth every year (May 29) after the policies and programmes are passed by the parliament. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17652', 'image' => '20230519060836_1684493191.jpg', 'article_date' => '2023-05-19 18:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '17920', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Kicks Off', 'sub_title' => 'Eight start-ups will be awarded during the event', 'summary' => 'May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: NewBiz Startup Summit and Award-2023 organized by New Business Age, one of the leading business magazines of Nepal, kicked off amid a special function at Hotel Radisson, Kathmandu on Friday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chief guest of the programme, Tim Gocher OBE, founder and CEO at Dolma Impact Fund and Madan Prasad Lamsal, chairman of New Business Age jointly inaugurated the ceremony.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Speaking at the programme, NBA Chairman Lamsal said the culture of startups is taking roots in Nepal, which is good for the future of Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Lamsal said that the major goal of organizing the programme is to promote a culture of entrepreneurship, and to stop the outflow of the youths from the country. He also highlighted that government, Federation of Nepalese Chambers of Commerce and Industry and other government agencies are doing needful to promote startup. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Under this awards ceremony, a panel discussion 'Towards a Startup Nation' is being held. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel includes Baburam Gautam, director general of the Department of Industry, Sunita Nhemaphuki, founder of R&D Innovative Solutions, and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya. Asmod Karki, the co-founder of Vikas Tech, will be moderating the panel discussion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The organisers had requested for applications from all seven provinces for the award ceremony. More than 2,000 startup entrepreneurs from across the country had applied for participation in the awards programme.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Among them, eight outstanding startup companies selected by an independent jury will be awarded during the event. All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17651', 'image' => '20230519043916_343374902_572434451436602_4823795947921127431_n.jpg', 'article_date' => '2023-05-19 16:38:16', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '17919', 'article_category_id' => '1', 'title' => 'Private Sector's Share in GDP is 81.55 Percent: Study ', 'sub_title' => '', 'summary' => 'May 19: The share of the private sector in Nepal's GDP is 81.55 percent.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The share of the private sector in Nepal's GDP is 81.55 percent. This was stated in a study report prepared by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) with support from International Financial Corporation (IFC). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report was prepared with the cooperation of the National Statistics Office. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Industry, Commerce and Supplies Ramesh Rijal launched the report amid a programme on Thursday evening. On the occasion, he said the report reflects the status of the private sector in the country's economy and thanked FNCCI and IFC for preparing it. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector's contribution to the GDP in FY 2012/13 was 86.67 percent. The report shows that the private sector's contribution has decreased due to the contraction in the economy as a result of the fallout of the COVID-19 pandemic, earthquake among other reasons. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report shows that the government's investment has gone up while the contribution of the private sector has diminished during the post-earthquake and pandemic period. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the private sector companies have expanded by 32 times in the national economy in the last 30 years. There were a total 28,660 industries in 1983 and the number of enterprises has increased by 30 times and reached 923,356 by 2018. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector is also at the forefront in terms of employment creation. It covers 85.6 percent to total employment. It has provided 57 percent employment in agriculture, forest and fishery sector, and 12.5 percent in the wholesale and retail trade and vehicle repair sector, FNCCI president Chandra Prasad Dhakal said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He added that the private sector has provided around 5.5 million jobs whereas the government only 427,000 jobs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The FNCCI president underscored the need for structural reforms for the private sector to work in full capacity. He also stressed on the need of the government to increase the capital expenditure and suggested to the government to prioritize expansion of investment areas, sustainable development, private-public partnership, among other topics in the budget for the upcoming fiscal year 2023/24. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17650', 'image' => '20230519024422_gdp.jpg', 'article_date' => '2023-05-19 14:43:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '17918', 'article_category_id' => '1', 'title' => 'Bagmati Province Ahead in Insurance Business', 'sub_title' => '', 'summary' => 'May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">May 19: A report prepared by the Nepal Insurance Authority (NIA) shows that Bagmati Province is ahead in the insurance sector as well as in other sectors. As the insurance companies are concentrated only in Bagmati Province, the insurance fee collected by the insurance companies in other provinces is lower than that of Bagmati Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the Nepal Insurance Authority, the number of active non-life insurance policies till mid-April of the current fiscal year is 2.1 million of which 45.15 per cent is in Bagmati province. The lowest number of active non-life insurance policies is in Karnali Province at 2.18 per cent and the second lowest in Sudurpaschim Province at 5.14 per cent.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The number of active life insurance policies has reached 14.1 million by mid-April. Among them, 72.22 per cent is in Bagmati Province. The lowest number of active life insurance policies is 1.44 per cent in Karnali Province, the second lowest is 3.19 per cent in Sudurpaschim Province and the third lowest is 3.59 per cent in Madhesh Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The report shows that about 50 per cent of the insurance fee comes from Bagmati alone. Insurance companies have earned Rs 134 billion in insurance fees from all over the country in the nine months of the current fiscal year. Of that, 49.72 per cent (Rs 67 billion) has been collected from Bagmati Province. According to the authority, the non-life insurance companies have collected insurance fees of Rs 30 billion as of mid-April. They have collected 66.25 per cent (19.88 billion rupees) of the total insurance fee from Bagmati Province alone. Similarly, they collected Rs 2.73 billion from Lumbini Province and Rs 2.62 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Similarly, life insurance companies have collected Rs 104 billion in insurance fees till mid-April of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Out of that, Rs 47.11 billion have been collected from Bagmati Province. This is 44.99 per cent of the total insurance fee. Likewise, Rs 15.26 billion was collected from Lumbini Province and Rs 12.61 billion from Koshi Province.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chairman of Nepal Insurance Authority Surya Prasad Silwal said that the authority is conducting continuous insurance awareness programs across the country. According to Silwal, in the current fiscal year alone, the authority has organized more than 100 insurance awareness and interaction programs at the local level.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">He said that since Bagmati Province has the largest number of industries, companies, and transportation in the country, it is usual that the share of insurance is higher in the province. Silwal said that since the share of insurance in other provinces is low, insurance awareness is the priority of the authority.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As citizens become aware of insurance, the scope of insurance will gradually increase in other provinces as well, he said.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17649', 'image' => '20230519015423_INSURANCE-COVERAGE.jpg', 'article_date' => '2023-05-19 13:53:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '17917', 'article_category_id' => '1', 'title' => 'Police Arrest Haj Committee Chair Miya, Teknath Rijal in Connection with Fake Bhutanese Refugee Scam', 'sub_title' => '16 People Arrested in Connection with the Case So Far', 'summary' => 'May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The police have arrested Chairperson of the Nepal Haj Committee Shamsher Miya in connection with the fake Bhutanese refugee scam. He was apprehended from Singha Durbar on Thursday afternoon. </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"">Miya was arrested after his involvement was established in sending Nepali citizens to the United States as Bhutanese refugees, said Senior Superintendent of Police Dan Bahadur Karki, chief of the District Police Range, Kathmandu. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Miya had made available a vehicle provided to the Haj Committee for the group of people involved in the racket, said SSP Karki. The jeep (embossed vehicle number BAB-1405) under the brand of Nissan was reportedly used to facilitate the racket, according to the police. The police have also taken the vehicle under control. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Members of the racket would use the vehicle while travelling to various parts of the country like Sauraha of Chitwan district and Sundhara of Kathmandu in the name of taking interviews of their clients aspiring to go to the US, claimed the police. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The jeep under the ownership of the Ministry of Home Affairs has been registered with the Haj Committee. Miya was absconding after the police launched investigations into the case until his arrest on Thursday.</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"">Meanwhile, the Kathmandu District Court has remanded Miya along with Bhutanese refugee leader Teknath Rijal for two days in judicial custody for investigation into their alleged involvement in the Bhutanese refugee scam. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rizal was arrested by the police from Tribhuvan International Airport while he was coming to Kathmandu from Jhapa, while Miya was arrested from the Ministry of Energy, Water Resources and Irrigation at Singha Durbar, Superintendent of Police Sitaram Rial said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Police had earlier arrested 14 people, including the former home minister and home secretary, in connection with the case.</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"">Further arrests were made based on the statements given by the accused. The number of people arrested in relation to this scam has reached 16. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Rijal was arrested for investigation after it was found that he had financial transactions with Sanu Bhandari, who was detained earlier by the police. </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"">Other high-profile individuals arrested in connection with the case including former deputy prime minister Top Bahadur Rayamajhi, former home minister Bal Krishna Khand, former secretary (home affairs) Teknarayan Pandey, former home minister's security adviser Dr Indrajit Rai. </span></span></span></p> <p> </p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17648', 'image' => '20230519122847_teknath-rijal.jpg', 'article_date' => '2023-05-19 12:27:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '17916', 'article_category_id' => '1', 'title' => ''NewBiz Startup Summit and Awards 2023’ Happening Today', 'sub_title' => 'Eight outstanding start-ups will be awarded under four categories', 'summary' => 'May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">May 19: New Business Age, one of the leading business magazines of Nepal, is organizing NewBiz Startup Summit and Awards programme with the theme ‘Search for Nepali Unicorn’ amid a special function today (May 19). </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age will award eight outstanding startups during the awards ceremony which will kick off in the capital at 4 pm. More than 2,000 startup entrepreneurs from across the country had submitted applications for the awards programme. Among them, eight outstanding startups will be awarded under four categories- Emerging Startup, Inspiring Women-Led Startup, Startup Scaleup and Best Startup.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">All the winners will get free credit voucher worth Rs 100,000 on Next Generation Rigo HRMS and Rigo Accounting software from Rigo Technologies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Member of Parliament and economist Dr Swarnim Wagle, the chief guest of the programme, along with Ramesh Hamal, chairman of the Securities Board Nepal (SEBON) and Tim </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Gocher, founder and CEO of Dolma Fund Management, will attend the programme. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Likewise, a panel discussion on the topic 'Towards a Startup Nation' will also be held during the event. Dr Toya Gyawali, secretary of the Ministry of Industry, Commerce and Supplies; Sunita </span></span><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Nhemaphuki, founder of R&D Innovative Solutions; and Rahul Malla Thakuri, co-founder and assistant vice-president (commercial) of Upaya are the panellist for the panel discussion. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The panel discussion will be moderated by Asmod Karki, co-founder and head of operations at VikasaTech.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The summit and awards programme is supported by Sastodeal.com, Laxmi Bank, Shikhar Insurance, Citizen Life Insurance, National Life Insurance, Rigo, Nexon EV Max, and City Express. Similarly, Nepal Rastra Bank, the Federation of Nepalese Chamber of Commerce and Industry, Nepal Insurance Authority, Nepali Patro and Dishome Fiber Net have also supported the awards program.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">New Business Age has been organising various award programs. The company has been selecting and awarding the best management colleges and companies since 2013. Since 2019, the company has started honoring women entrepreneurs. New Business Age had organized the New Biz Business Conclave and Awards programme in November.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17647', 'image' => '20230519022807_update Newbiz Startup design.jpg', 'article_date' => '2023-05-19 11:47:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '17915', 'article_category_id' => '1', 'title' => 'Tourism entrepreneurs of Pokhara Elated with the Announcement of Chartered Flights ', 'sub_title' => '', 'summary' => 'May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The announcement of chartered flights from Pokhara to different cities of China starting from June 23 has excited the tourism entrepreneurs of the lake city. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing the 24th national conference and annual general meeting of Nepal Association of Tour and Travel Agents (NATTA) on Thursday, Minister for Culture, Tourism and Civil Aviation Sudan Kirati announced to begin chartered flights to different cities of China from June. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The announcement is expected to materialize the dream of Pokhara folks to start international flights from Pokhara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Pokhara Regional International Airport was inaugurated on January 1 this year but no international flight has taken place since then. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chairman of Pokhara Tourism Council Pom Narayan Shrestha said, "We are excited with the announcement to commence chartered flights. This will mark the beginning of international flights. This should be implemented at any cost." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, chairman of NATTA Gandaki Province Hari Ram Adhikari said that this will be a good beginning for the tourism industry and will serve as a milestone for the entire country's tourism development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It is said that around 80 per cent of the total Chinese tourists arriving Nepal visit Pokhara city. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17646', 'image' => '20230519112122_Pokhara-Airport-800X533.jpg', 'article_date' => '2023-05-19 11:19:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '17914', 'article_category_id' => '1', 'title' => 'Government to Unveil Policies and Programmes Today ', 'sub_title' => '', 'summary' => 'May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 19: The government will be unveiling its policies and programmes for the upcoming fiscal year (FY 2023/24) on Friday. The policies and progrmmes will be presented before a joint session of the House of Representatives and National Assembly at 4:00 pm on May 19. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the HoR session on Thursday, Speaker Devraj Ghimire read out the letter in this regard and directed the entire Members of Parliament to be present in the meeting by 3: 45 pm and in the prescribed dress code and to take their respective seats. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The annual report of the government was presented during the lower house meeting on Thursday. Prime Minister Pushpa Kamal Dahal presented the report before the meeting in accordance with the Article 53 of the Constitution and Clause 41 of the Good Governance (Management and Operation) Act, 2064 BS. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17645', 'image' => '20230519105356_parliament building.jpg', 'article_date' => '2023-05-19 10:53:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '17913', 'article_category_id' => '1', 'title' => '213 Start-ups Disqualified for Enterprise Loans', 'sub_title' => '', 'summary' => ' A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">May 19: A total of 213 start-ups have been disqualified from receiving enterprise loans after failing to meet the eligibility criteria. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">These start-ups were among the 382 applicants who had applied for loans in the initial phase. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department of Industry, in line with Clause 8 of the Start-up Enterprise Loan Fund Procedure, 2079, had called for applications for loans on March 30.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">The Department has clarified that the disqualified start-ups did not meet the necessary requirements for the loans. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,sans-serif">To be eligible for the scheme, start-ups must have a paid-up capital of no more than Rs 5 million, annual incomes below Rs 500,000, fixed assets (excluding real estate) not exceeding Rs 20 million, and a workforce consisting of no more than 10 employees.</span></span></p> ', 'published' => true, 'created' => '2023-05-19', 'modified' => '2023-05-19', 'keywords' => '', 'description' => '', 'sortorder' => '17644', 'image' => '20230519060523_collage (4).jpg', 'article_date' => '2023-05-19 06:03:55', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '17912', 'article_category_id' => '1', 'title' => '6th Nepal Chamber Expo-2023 kicks off in Kathmandu', 'sub_title' => '', 'summary' => 'The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday. Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. ', 'content' => '<p><span style="font-size:18px">May 18: The 6th Nepal Chamber Expo-2023 commenced at Bhrikuti Mandap, Kathmandu on Thursday.<br /> Hosted by the Nepal Chamber of Commerce (NCC), the expo was inaugurated by Minister for Labour, Employment, and Social Security, Sharat Singh Bhandari. </span></p> <p><span style="font-size:18px">The primary objective of this fair, as stated by the NCC, is to promote the export of domestic goods and invigorate the business community.</span></p> <p><span style="font-size:18px">Featuring 150 stalls, the expo will run until May 22, showcasing a diverse range of products including automobiles, electrical appliances, electronics, furnishings, essential items, clothing, mobile phones, handicrafts, leather goods, cosmetics, and Ayurvedic products. </span></p> <p><span style="font-size:18px">The participation of national and international companies and entrepreneurs from Nepal, India, and Bangladesh adds to the significance of this event.</span></p> <p><span style="font-size:18px">The expo is expected to facilitate interactions, information exchange regarding imports and exports, and enhance the market presence of Nepali products, according to the NCC. </span></p> <p><span style="font-size:18px">During the inauguration, the minister emphasized the importance of collaboration between the government and the private sector to foster economic prosperity. The minister urged the private sector to increase investment, while assuring governmental support in facilitating economic activities.</span></p> <p><span style="font-size:18px">Furthermore, Madhu Kumar Marasini, the secretary of the ministry, expressed optimism that the expo would facilitate the exchange of national and international business experiences, fostering stronger business relationships both domestically and internationally. </span></p> <p><span style="font-size:18px">Rajendra Malla, President of the NCC, emphasized the need to attract foreign investments in sectors such as agriculture, hydropower, tourism, and services, while promoting exports and boosting domestic production to achieve self-reliance in the country.</span><br /> </p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17643', 'image' => '20230518060821_collage (6).jpg', 'article_date' => '2023-05-18 17:58:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '17911', 'article_category_id' => '1', 'title' => 'Positive Atmosphere Commences in NEPSE; Turnover Amount Surpasses 1 Billion after 25 Days ', 'sub_title' => '', 'summary' => 'The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. ', 'content' => '<p><br /> <span style="font-size:18px">May 18: The share market, which has been on a downward trend for some time, has started to show a positive atmosphere. </span></p> <p><span style="font-size:18px">With the reversal of the NEPSE with re-testing of 1807 points, investors have become active, resulting in the rise of the NEPSE Index along with turnover amount. </span></p> <p><span style="font-size:18px">Earlier, the NEPSE Index had tested the low of 1807 points and reversed and this time the index followed the suit, say technical analysts. The turnover amount has surpassed NPR 1 billion after 25 days.</span></p> <p><span style="font-size:18px">Buyers have dominated the market taking advantage of the low prices of the shares and declining interest rates. Investors are calling regulatory authorities and the government to address their demands in the stock market. This has had a positive in the share market.</span></p> <p><span style="font-size:18px">NEPSE index surged by 1.75% points or 32.30 points, closing at 1877.32 points on the last trading day of the week, Thursday. </span></p> <p><span style="font-size:18px">264 scrips traded their hands via 32,579 transactions today. A total of 4,422,186 shares exchanged hands, amounting to NPR 1.47 billion in turnover amount. This is higher than the last trading day's turnover of Rs. 85.76 Crores.</span></p> <p><span style="font-size:18px">Nepal Doorsanchar Company Limited (NTC) had the highest turnover of Rs. 8.63 crores closing at a market price of Rs. 779.20 per share. The shares of SHIVM traded the most.</span></p> <p><span style="font-size:18px">Two scrips gained the highest 10% each and hit the positive circuit for the day, while NIBL Growth Fund (NIBLGF) lost the highest 3.14% today.</span></p> <p><span style="font-size:18px">All sector indices closed in green zone. The "Hotels and Tourism" gained the highest 3.75%, while "Others" gained the least 0.90% today. The sensitive index has increased by 1.48%, the float index by 1.74%, and the sensitive float index by 1.54% today. </span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17642', 'image' => '20230518043802_collage (4).jpg', 'article_date' => '2023-05-18 16:33:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '17910', 'article_category_id' => '1', 'title' => ' FAO Releases 'Country Programming Framework' for Transformation of Agriculture Sector', 'sub_title' => '', 'summary' => 'May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">May 18: The United Nations Food and Agriculture Organization (UNFAO) has released the 'country programming framework (2023-27)' for the transformation of overall agriculture sector of Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Minister for Agriculture and Livestock Development Dr Beduram Bhusal, National Planning Commission Vice-Chairperson Dr Min Bahadur Shrestha, FAO Asia-Pacific Region Chief Jong-Jin Kim and UN Resident Representative Hanaa Singer-Hamdy jointly launched the framework on Wednesday. The framework covers strategic programme for five years from 2023 to 2027. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Minister Dr Bhusal appreciated the support and cooperation of the FAO for the agriculture development of Nepal and expressed his belief that the framework would help achieve the Sustainable Development Goals (SDGs). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Lauding over seven-decade long partnership between FAO and Nepal, the minister said the framework was the shared document of the Nepal government and FAO. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He further noted that the document would help promote sustainable development, maintain food and nutrition security and achieve SDGs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking on the occasion, Vice-Chairperson of the NPC, Dr Shrestha said the framework would contribute to the transformation of food system of Nepal, support the national campaign against food crisis and poverty and combat climate change issues. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">FAO's Asia-Pacific Region Chief Kim expressed FAO readiness to support the policy and priorities of the Nepal government as per its mandate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said FAO has brought several programmes, including increment in production and improvement in nutrition, environment as per the strategic framework of improved livelihood in its member countries. He further said such practice would not only facilitate inclusive development but also assure food security of all citizens. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief Kim also insisted the need to transform the country's food system to effectively tackle malnutrition and other food challenges. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">UN Resident Representative Hamdy said the framework has laid special emphasis on women-friendly technological development and promotion when women's responsibility has increased in the agriculture sector with the growing trends of Nepali youths leaving their home for employment. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The UN senior official also expressed full support and cooperation of the UN to Nepal in its process to graduate to a developing country from the Least Developed Country by 2026. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The programme was attended by ambassadors, representatives of development partners, government officials, private sector representatives, agriculture entrepreneurs, industrialists and business community. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-05-18', 'modified' => '2023-05-18', 'keywords' => '', 'description' => '', 'sortorder' => '17641', 'image' => '20230518124920_FAO.jpg', 'article_date' => '2023-05-18 12:48:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
