December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on…
December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on…
December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries.…
December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with…
November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives…
November 30: Twelve construction companies have been blacklisted for not completing development projects in…
November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal…
November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October.…
November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal…
November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a…
November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene…
November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of…
Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger.…
November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance…
November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts…
November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll…
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So the pilots have been instructed to resume the flight,” said an official of NAC. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC said that the cargo from the RA 401 flight was unloaded in Bangladesh and preparations were made to resume the flight to Bangkok.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC official said that the Airbus A-320 was carrying 152 passengers.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16165', 'image' => '20221201115432_1669815469.1668771593.1668257464.jpg', 'article_date' => '2022-12-01 11:53:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16423', 'article_category_id' => '1', 'title' => 'Price of Black Cardamom Takes a Nosedive Despite Market Expansion', 'sub_title' => '', 'summary' => 'December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. Previously, Nepali cardamom was exported to Indian and Pakistani only. However, the new achievement could not delight the producers and exporters much as the price of cardamom took a nosedive. This year, the production increased by 30 percent compared to last year while the price went downhill.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Federation of Black Cardamom Entrepreneurs of Nepal, the price of 40 kg of JJ No 1 quality cardamom decreased by Rs 21,000 to Rs 27,000 this year, from last year’s price of Rs 48,000. Similarly, the price of 40 kg of SD No 2 quality cardamom was Rs 47,000 last year, which dropped to Rs 26,000. The price of common cardamom use (No 3 cardamom) dropped from Rs 46,000 to Rs 25,000 per 40 kg.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gulf countries, including Qatar, give organic registration to food products produced according to their country's standards. According to the same standards, Nepal received the Halal certificate to export cardamom to those countries from this year. With this certificate, the businessmen were expecting the price of Nepalese cardamom to increase. However, this year there has been a big drop in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the final data of production is yet to come, the federation estimates that cardamom production this year increased by about 30 percent compared to last year. In the last fiscal year, 5,200 metric tons of cardamom was produced in Nepal. President of the federation Nirmal Bhattarai said that the increase in cardamom production is the main reason for such a large decline in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the end of last year, the farmers kept a stock of cardamom after the price of decreased nominally. Now the same 'stocked' cardamom is being sold. New cardamom is also produced more this year. He said that the production of cardamom has also increased in India, the main market of Nepali cardamom. As a result, the price has been affected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to President Bhattarai, despite the opening of doors for exports to Gulf countries, there is a problem in exporting the produce due to Nepal's landlocked nature. Even if Nepal exports cardamom, it takes a long time to reach the destination countries. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rajan Pariyar, Senior Crop Development Officer of the National Center for Potato, Vegetable and Spice Crops says that one of the reasons why Nepali cardamom cannot get a good price is that its consumption in the domestic market is very low. Nepal has to use India's land for international trade and India creates obstacles under various pretexts, so there is a big problem in the export of potential goods.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Among the spice crops produced in Nepal, ginger ranks first in terms of production and area, while cardamom ranks last. According to the government’s data, cardamom is cultivated on about 1,700 hectares of land in Nepal. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16164', 'image' => '20221201104636_BlackCardamom.jpg', 'article_date' => '2022-12-01 10:45:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16422', 'article_category_id' => '1', 'title' => 'Argentina outclass Poland to Reach Knockout Stage of World Cup', 'sub_title' => '', 'summary' => 'December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, Poland were set to progress by virtue of the Fifa Fair Play rule for having fewer yellow cards than Mexico - until Saudi Arabia pulled one back deep into stoppage time in their 2-1 loss to the Concacaf side. That meant goal difference was decisive for the Poles, who will next face France.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina ran out comfortable winners with second-half goals from Brighton's Alexis Mac Allister and Manchester City striker Julian Alvarez, added the BBC.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina dominated throughout but had to wait until after the second half to make the breakthrough as Mac Allister gave Argentina the lead they deserved when he swept home Nahuel Molina's cross a minute after the break and Alvarez sealed victory with a fine finish into the top corner in the 67th minute.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Argentina dominated possession while Poland barely managed to get out of their own half, with the South American side's goalkeeper Emiliano Martinez a mere spectator for the majority of the game.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The second goal was the result of some patient buildup where Argentina knocked the ball around before Enzo Fernandez unlocked the defence with a through-ball for Alvarez, who found space in the box and smashed it into the top corner, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Lionel Messi missed a first-half penalty at Stadium 974 on Wednesday but both teams booked their places in the knockout stages of the World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina's victory propelled Lionel Scaloni's side to the top of Group C and they will next face Australia.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16163', 'image' => '20221201101557_arg.jpg', 'article_date' => '2022-12-01 10:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16421', 'article_category_id' => '1', 'title' => 'Over 10 Million PR Votes Counted ', 'sub_title' => '', 'summary' => 'November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The total number of voters for HoR members under the PR category is 17,908,850 and the preliminary estimate was that the voter turnout stood at 61 percent (10,973,027 votes). Now the counting of around 900,000 votes remains. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the latest update provided by the Election Commission, the main opposition CPN-UML continues to lead the vote count with 2,701,072 votes followed by the ruling Nepali Congress (NC) with 2,559,179 votes. Similarly, the CPN (Maoist Center) has obtained 1,145,442 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured 1,098,663 votes followed by the Rastriya Prajatantra Party with 571,175 votes. The Janata Samajbadi Party has received 396,839, votes and the Janamat Party 360,669 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, the counting of votes under the first-past-the-post system for the HoR has been completed in 161 constituencies out of 165. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results in Sunsari-4, Syangja- 2, Dolakha and Bajura are awaited. The number of candidates to be elected under the PR system will be determined following the completion of the vote count, and their elections will be based on the closed list of candidates earlier submitted by political parties taking part in the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that re-election is taking place in 10 polling centers of Dolakha on Thursday, December 1, while disputes regarding vote count in Syangja and Bajura will be settled soon, according to EC Spokesperson Shaligram Sharma Poudel. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16162', 'image' => '20221130082105_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-30 20:20:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16420', 'article_category_id' => '1', 'title' => 'Twelve Construction Companies Blacklisted ', 'sub_title' => '', 'summary' => 'November 30: Twelve construction companies have been blacklisted for not completing development projects in time. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Twelve construction companies have been blacklisted for not completing development projects in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Procurement Monitoring Office in a notice issued on Wednesday has banned the blacklisted companies from their involvement in the public procurement process for a definite timeframe. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The blacklisted companies include Bharat-Saptakoshi JV Kathmandu, Haigriwa-Siddhi Sai Prakash JV, Highway Construction Pvt Ltd, Bidhi Builders Pvt Ltd, Saibaba & Tara Construction, Anukul Nirman Sewa, Panchkhal Construction Pvt Ltd and Prabhu Nirmal Sewa. Similarly, other companies blacklisted by the PPMC include Siddijanak Construction and Suppliers Pvt Ltd, SSK Construction Service Pvt Ltd, Surmadevi Construction, Nilgiri National Canon JV, National Development Service Pvt Ltd, and Canon Construction Pvt Ltd.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Road Division Office, Butwal recommended the blacklisting of the Bharat-Saptakoshi JV operated by Hom Nath Gautam for two years. The Haigriwa-Siddhi Sai run by Dependra Bahadur Shahi and Narendra Pradhan, which delayed the Ranijamara-Kulariya Irrigation Project, was put on a blacklist for two years. The Highway Construction Pvt Ltd based in Chitwan and operated by Narayan Subedi was blacklisted for one year on the recommendation of Hetauda Metropolitan City. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Kathmandu-based Bidhi Builders Pvt Ltd run by Biplov Pokhrel was also blacklisted for one year upon the recommendation of the Shahid Gangalal National Heart Center, Bansbari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saibaba and Tara Construction based in Khalanga, Jajarkot operated by Sanjaya Kumari Rana (Shah) was blacklisted for one year upon the recommendation of Tokha Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Agricultural Research Council recommended the blacklisting of Anukul Sewa run by Tilak Bahadur Bhandari for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Panchkhal Construction operated by Prem Prasad Adhikari based in Kathmandu was placed in the blacklist for one year upon the recommendation of the Tourism Development Project, Hetauda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Directorate of Water Supply, Irrigation and Energy Development, Surkhet recommended the blacklisting of Surkhet-based Prabhu Construction Sewa run by Resham Bahadur Shah for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Siddijanak Construction and Suppliers Pvt Ltd has been blacklisted for a year upon the recommendations of Uttargaya Rural Municiwpality in Rasuwa district. Siddibabu Regmi is the proprietor of this company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSK Construction Service Pvt Ltd has been blacklisted for a year upon the recommendation of Kapilvastu Municipality. Safiur Rahman is its proprietor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Surmadevi Construction of Kailali district has been blacklisted upon the recommendation of Agriculture Development Directives in Doti district. The company is owned by Mina Kumari Sharma Koirala. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another company blacklisted for a year is Nilgiri National Canon JV. The company owned by Yuwaraj Dangi was blacklisted upon the recommendation of Road Division Office, Chandranigahapur in Rautahat district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhan Kumar Thapa's National Development Service Pvt Ltd and Gaurav Pudasaini’s company Canon Construction Pvt Ltd have been blacklisted for a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the blacklisted period, the blacklisted companies cannot partake in the procurement process of public offices and agencies. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16161', 'image' => '20221130061311_ppmo.jpg', 'article_date' => '2022-11-30 18:12:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16419', 'article_category_id' => '1', 'title' => 'HAN Expresses Disappointment over Monetary Policy Review', 'sub_title' => '', 'summary' => 'November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year. According to HAN, the tourism professionals are not happy with the review as it does not address their problems.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also drew the attention of the central bank that it had assured them of revising some provisions to make the tourism business easier but the promise has not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the organization, the tourism and hoteliers affected by Covid-19 are protesting due to the high interest rates charged by banks and financial institutions. In this situation, HAN expressed its displeasure saying that even the basic demands of the hoteliers have not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN issued a press statement on Tuesday and urged Nepal Rastra Bank to address the reasonable demands of tourism entrepreneurs and hoteliers. HAN said that Nepal will not be able to attract more investment in the future if the government fails to protect the hotel industry.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also urged not to ignore the contribution of the hotel and tourism industry towards the economic growth. It said that the this sector has made significant contribution for job creation, foreign exchange earnings, and improving international relations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Looking at the contribution made by this sector, HAN demanded flexibility in monetary and financial policy for business protection. HAN also requested that those who cannot pay the principal and interest within the deadline should be given more time.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16160', 'image' => '20221130032345_Hotel.jpg', 'article_date' => '2022-11-30 15:23:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16418', 'article_category_id' => '1', 'title' => 'Government Collects Rs 98.1 Million in Taxes in a Month from Stock Market Investors', 'sub_title' => '', 'summary' => 'November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. Investors of the secondary market paid capital gains tax equal to that amount to the government for making profit. Compared to mid-September to mid-October, the capital gains tax collected in mid-October to mid-November is Rs 43.7 million more. In mid-September to mid-October, Rs 54.4 million was collected from capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">In the following month, the government collected more capital gains tax from long-term investors than from short-term investors. CDS and Clearing Limited (CDSC) informed that more than Rs 47.1 million was collected from short-term investors and more than Rs 51.1 million from long-term investors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Investors in the securities market have been paying capital gains tax based on weighted average cost. The government has been collecting up to 10 per cent capital gains tax from the profits earned by investors in the secondary market. Ten per cent capital gains tax is collected from institutional investors in the securities market and 7.5 per cent from individual investors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Among the individuals, the government collects tax by considering those who hold shares for more than 1 year as long-term investors and those who hold shares for less than 1 year as short-term investors. Short-term investors have to pay 7.5% capital gains tax and long-term investors have to pay 5% capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Based on the fact that long-term investors paid more capital gains tax for the last 2 months, investors who have been in a wait-and-see state of mind for the past 1 year have estimated that profits have increased.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16159', 'image' => '20221130030455_share.jpg', 'article_date' => '2022-11-30 15:04:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16417', 'article_category_id' => '1', 'title' => 'Birgunj Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue collection of the country’s major customs office was 85 percent of the target in the first month (mid-July to mid-August) of the current fiscal year while it struggled to meet the target, which dropped to 60 percent in the fourth month (mid-October to mid-November)</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office collected Rs 12.99 billion against the target of Rs 15.2 billion in mid-July to mid-August. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-August to mid-September, Rs 14.14 billion was collected despite its target of Rs 19.29 billion, Information Officer of Birgunj Customs Office Sumit Gupta said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, revenue collection from Birgunj customs point remained short of Rs 9.38 billion in mid-September to mid-October. In the third month of the current fiscal year, the office had set a target to collect Rs 21.88 billion but it collected just Rs 12.49 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-October to mid-November, the office achieved just 60 per cent of its target collecting Rs 12.92 billion against the target of Rs 21.65 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer Gupta said that the government’s decision to ban imports of 10 goods that contribute the most to the revenue collection led to a decline in revenue collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Compared to the last fiscal year, revenue collection from the import of petroleum products has decreased by 74 per cent and 69 per cent from the import of vehicles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16158', 'image' => '20221130124841_1669790259.jpg', 'article_date' => '2022-11-30 12:48:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16416', 'article_category_id' => '1', 'title' => 'FNCCI Warns Economy Heading Towards Disaster', 'sub_title' => 'Private Sector Seeks Cooperation from All to Bail Out the Troubled Economy', 'summary' => 'November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organising a press conference on Tuesday, the umbrella body of private orgagnisation said that it will announce protest programmes if the government does not revise its programmes to support the private sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the nationwide protests of industrialists and entrepreneurs were put off upon the request of FNCCI citing the general election on November 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the press meet, FNCCI President Shekhar Golchha said that the revenue collection of the government is not enough even to meet the general expenses. Ho noted that inflation was all-time high compared to the last six years while the slowdown of business activities has resulted in multi-dimensional problems in the economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Golchha said that the private sector was hopeful that the first-quarterly review of the monetary policy would address the problems of the economy, but that did not happen. As a result, the FNCCI concluded that the economy would be heading towards a disaster. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“At present, the government, private sector and the general public all have been negatively affected. The economic indicators are dismal. If we do not take the situation seriously, the economy will head towards a disaster,” warned Golchha, adding, “If the production and supply chain becomes regular, it will ensure government’s revenue collection and job security of the general public and bring inflation under control in course of time.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, the rise in prices of petroleum products in the international market and the lack of maturity on part of the regulatory bodies have resulted in the current crisis, added Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He further said that the current crisis is the result of failure of regulators to handle the post-Covid situation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The situation was hopeful after the pandemic. The economic indicators had shown improvements. The financial sector was in need of loan. The demand for loan in real estate, capital market and productive sector increased. The demand increased but the production remained low. In such a situation, it was obvious that imports would rise,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to him, the credit flow of banks was five times higher than deposit collection in the first five months of the last fiscal year. “Banks invested Rs 450 billion during the review period. Foreign exchange reserves declined by 17 percent. As the regulators tried to control credit flow and foreign exchange reserves at once, credit flow declined to Rs 60 billion in the last eight months. If the government had been cautious to prevent massive credit flow, it would not have been necessary to adopt strict measures now,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A survey conducted by the FNCCI has revealed that the production capacity of industries as well as business activities have slumped. As a result, revenue collection of government has also declined. According to the survey report, revenue collection declined by 19 percent in the first three months of the current fiscal year. The current expenses of the government was more than revenue collection by Rs 17 billion, said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“If the expenses remain high and the revenue collection is dismal, we might have to take foreign loans to pay the salary of civil servants. It is the general public that has to bear the burden of that loan ultimately,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FNCCI argued that although the Nepal Rastra Bank claims inflation has reached 8.5 percent, the actual inflation has already reached double digits. It has negatively affected the purchasing power of the consumers, added the FNCCI. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16157', 'image' => '20221130123947_ecomonic crisis.jpg', 'article_date' => '2022-11-30 12:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16414', 'article_category_id' => '1', 'title' => 'DDA Warns against Using Drugs Containing Ethylene Glycol and Diethylene Glycol ', 'sub_title' => '', 'summary' => 'November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, DDA's Senior Drug Manager Santosh KC issued a statement on Tuesday and warned the consumers towards possible mix-up of such hazardous chemicals in some liquid medicines used for children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the DDA, the World Health Organization (WHO)'s report has also noted that the use of medicines having Ethylene Glycol and Diethylene Glycol in different countries, including Zambia and Indonesia, has had serious effect on their kidneys of children and also caused death in some cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the statement, the department has made it clear that the medicines such as Promethazine Oral Solution, Kofexmalin Baby Cough Syrup, My Cough Baby Cough Syrup and Magrip and Cold Syrup produced by Haryana-based Miden Pharmaceuticals Limited containing such hazardous substance have not been registered in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also instructed the drug manufacturing companies to ensure that they do not mix-up of such harmful chemical elements in the drugs manufactured and sold in Nepal, added RSS. </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16156', 'image' => '20221130104807_2488239109.jpg', 'article_date' => '2022-11-30 10:47:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16415', 'article_category_id' => '1', 'title' => 'Rashford Inspires England to a 3-0 Victory over Wales', 'sub_title' => 'Group B Winners England Next Face Senegal on Sunday', 'summary' => 'November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.', 'content' => '<p><span style="font-size:18px">AGENCIES</span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Wales could also have reached the last 16 with a victory if the match between Iran and the United States ended level, but any hope of that scenario unfolding evaporated rapidly once Rashford smashed home a curling free kick five minutes after the break following a foul on Phil Foden by Ethan Ampadu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A minute later, Foden made it 2-0 as Wales carelessly lost possession and Harry Kane crossed low for the Manchester City player to convert from close range, added the news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Rashford then made it 3-0 with a surging run in from the right before shooting through a crowd and past Danny Ward's legs in the 68th minute.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, England top Group B with seven points, two points ahead of the United States who set up a last-16 meeting with the Netherlands by beating Iran 1-0 in their grudge match, while Wales finished bottom of the table with a point.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">England next face Group A runners-up Senegal on Sunday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16155', 'image' => '20221130111344_Declan-Rice-Marcus-Rashford-John-Stones-England-celebrate.jpg', 'article_date' => '2022-11-30 11:12:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16413', 'article_category_id' => '1', 'title' => 'NIBL, Mega Endorse Final Agreement for Merger ', 'sub_title' => '', 'summary' => 'Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. A meeting of the Board of Directors of both the banks have endorsed the document and exchanged it, paving the way for merging the institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the deadline set by the Nepal Rastra Bank (NRB), the banks can go for merger till January 6, 2023 to receive benefits announced by the central bank. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to merger committee member Gopal Khanal, who is also a member of the Board of Directors of Mega Bank, they plan to merge and launch integrated transactions within the deadline given by the central bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banks signed a preliminary merger agreement with a swap ratio of 100: 90 on June 10. One unit of share of the NIBL will be equivalent to 0.90 of Mega Bank. NIBL’s paid-up capital is Rs18.31 billion while that of Mega Bank is Rs16.2 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following the merger, the new entity is to be named Nepal Investment Mega Bank and Prithvi Bahadur Pande will be its chair and Jyoti Pandey the Chief Executive Officer. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16154', 'image' => '20221129052420_20220713054958_merger.jpg', 'article_date' => '2022-11-29 17:23:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16412', 'article_category_id' => '1', 'title' => 'Central Bank Reduces Limit on Dividends to Be Issued by Microfinance Companies', 'sub_title' => '', 'summary' => 'November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The central bank took such measures after the microfinance companies, whose primary objective is to serve the poor and marginalized people, were criticized for making excessive profit.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16153', 'image' => '20221129032953_dividend.jpg', 'article_date' => '2022-11-29 15:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16411', 'article_category_id' => '1', 'title' => 'NEA to Expand Transmission Lines in Madhes Province to Increase Electricity Consumption', 'sub_title' => '', 'summary' => 'November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The state-owned power utility aims to increase electricity consumption in human settlements and industrial corridors in southern belts of the Terai including Bara, Parsa, Rautahat, Mahottari and Dhanusha. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, the NEA is planning to construct four high-powered transmission lines and sub stations along the Postal Highway by 2050.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the NEA will construct four-circuit transmission lines and substations alongside the Postal Highway that lies near the Nepal-India border. While two upper circuit lines will be of 400 kV, the other two on the lower level will have a capacity of 132 kV. Substations will be built to maintain smooth electricity supply in local areas.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to NEA’s Managing Director Kulman Ghising, 3,200 MW electricity will be supplied to Bara-Parsa Industrial Corridor of Birgunj and the remaining 800 MW will be made available in the Janakpur area. This will help in urban development as well as industrial development, added Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It will also ensure supply of good quality of electricity, according to Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The construction of transmission lines and substations will cost over Rs 50 billion. According to Ghising, the funds will be managed from state coffers as well as investment of NEA, loans from EXIM Bank of India and concessional loans from the Asian Development Bank. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In this regard, a team of high-ranking officials of NEA led by Managing Director Ghising along with the donor agencies carried out an onsite visit of the proposed construction sites on Saturday and Sunday, according to the NEA. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Ghising said that the NEA is making a phase-wise plan to increase domestic consumption of electricity first and then to export surplus electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16152', 'image' => '20221129014012_electricity.jpg', 'article_date' => '2022-11-29 13:39:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16410', 'article_category_id' => '1', 'title' => 'EC Directs Candidates to Submit Election Expenditures within 35 Days ', 'sub_title' => '', 'summary' => 'November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The details of election expenditures under the first-past-the-post system should be submitted to the respective province and the district election office in line with the Member of the House of Representatives and the Province Assembly Election Directives, 2079. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The candidates should mention details of their bank accounts and the responsible persons who have been tasked with looking after the election expenditures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under the proportional representation system, details of the election expenditures should be submitted within 35 days of the completion of the voting as per the Member of the House of Representatives Proportional Election Directives, 2079 (34), and the Member of the Province Assembly Proportional Election Directives, 2079 (36). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16151', 'image' => '20221129125836_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-29 12:57:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16424', 'article_category_id' => '1', 'title' => 'Thailand-Bound NAC Aircraft Makes Emergency Landing in Bangladesh', 'sub_title' => '', 'summary' => 'December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the flag-carrier of Nepal, the narrow-body aircraft made an emergency landing at Chatgaun International Airport of Bangladesh after the plane’s indicator showed smoke in the cargo compartment. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We checked the cargo compartment after the indicator showed smoke but everything was fine. So the pilots have been instructed to resume the flight,” said an official of NAC. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC said that the cargo from the RA 401 flight was unloaded in Bangladesh and preparations were made to resume the flight to Bangkok.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC official said that the Airbus A-320 was carrying 152 passengers.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16165', 'image' => '20221201115432_1669815469.1668771593.1668257464.jpg', 'article_date' => '2022-12-01 11:53:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16423', 'article_category_id' => '1', 'title' => 'Price of Black Cardamom Takes a Nosedive Despite Market Expansion', 'sub_title' => '', 'summary' => 'December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. Previously, Nepali cardamom was exported to Indian and Pakistani only. However, the new achievement could not delight the producers and exporters much as the price of cardamom took a nosedive. This year, the production increased by 30 percent compared to last year while the price went downhill.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Federation of Black Cardamom Entrepreneurs of Nepal, the price of 40 kg of JJ No 1 quality cardamom decreased by Rs 21,000 to Rs 27,000 this year, from last year’s price of Rs 48,000. Similarly, the price of 40 kg of SD No 2 quality cardamom was Rs 47,000 last year, which dropped to Rs 26,000. The price of common cardamom use (No 3 cardamom) dropped from Rs 46,000 to Rs 25,000 per 40 kg.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gulf countries, including Qatar, give organic registration to food products produced according to their country's standards. According to the same standards, Nepal received the Halal certificate to export cardamom to those countries from this year. With this certificate, the businessmen were expecting the price of Nepalese cardamom to increase. However, this year there has been a big drop in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the final data of production is yet to come, the federation estimates that cardamom production this year increased by about 30 percent compared to last year. In the last fiscal year, 5,200 metric tons of cardamom was produced in Nepal. President of the federation Nirmal Bhattarai said that the increase in cardamom production is the main reason for such a large decline in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the end of last year, the farmers kept a stock of cardamom after the price of decreased nominally. Now the same 'stocked' cardamom is being sold. New cardamom is also produced more this year. He said that the production of cardamom has also increased in India, the main market of Nepali cardamom. As a result, the price has been affected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to President Bhattarai, despite the opening of doors for exports to Gulf countries, there is a problem in exporting the produce due to Nepal's landlocked nature. Even if Nepal exports cardamom, it takes a long time to reach the destination countries. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rajan Pariyar, Senior Crop Development Officer of the National Center for Potato, Vegetable and Spice Crops says that one of the reasons why Nepali cardamom cannot get a good price is that its consumption in the domestic market is very low. Nepal has to use India's land for international trade and India creates obstacles under various pretexts, so there is a big problem in the export of potential goods.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Among the spice crops produced in Nepal, ginger ranks first in terms of production and area, while cardamom ranks last. According to the government’s data, cardamom is cultivated on about 1,700 hectares of land in Nepal. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16164', 'image' => '20221201104636_BlackCardamom.jpg', 'article_date' => '2022-12-01 10:45:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16422', 'article_category_id' => '1', 'title' => 'Argentina outclass Poland to Reach Knockout Stage of World Cup', 'sub_title' => '', 'summary' => 'December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, Poland were set to progress by virtue of the Fifa Fair Play rule for having fewer yellow cards than Mexico - until Saudi Arabia pulled one back deep into stoppage time in their 2-1 loss to the Concacaf side. That meant goal difference was decisive for the Poles, who will next face France.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina ran out comfortable winners with second-half goals from Brighton's Alexis Mac Allister and Manchester City striker Julian Alvarez, added the BBC.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina dominated throughout but had to wait until after the second half to make the breakthrough as Mac Allister gave Argentina the lead they deserved when he swept home Nahuel Molina's cross a minute after the break and Alvarez sealed victory with a fine finish into the top corner in the 67th minute.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Argentina dominated possession while Poland barely managed to get out of their own half, with the South American side's goalkeeper Emiliano Martinez a mere spectator for the majority of the game.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The second goal was the result of some patient buildup where Argentina knocked the ball around before Enzo Fernandez unlocked the defence with a through-ball for Alvarez, who found space in the box and smashed it into the top corner, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Lionel Messi missed a first-half penalty at Stadium 974 on Wednesday but both teams booked their places in the knockout stages of the World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina's victory propelled Lionel Scaloni's side to the top of Group C and they will next face Australia.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16163', 'image' => '20221201101557_arg.jpg', 'article_date' => '2022-12-01 10:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16421', 'article_category_id' => '1', 'title' => 'Over 10 Million PR Votes Counted ', 'sub_title' => '', 'summary' => 'November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The total number of voters for HoR members under the PR category is 17,908,850 and the preliminary estimate was that the voter turnout stood at 61 percent (10,973,027 votes). Now the counting of around 900,000 votes remains. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the latest update provided by the Election Commission, the main opposition CPN-UML continues to lead the vote count with 2,701,072 votes followed by the ruling Nepali Congress (NC) with 2,559,179 votes. Similarly, the CPN (Maoist Center) has obtained 1,145,442 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured 1,098,663 votes followed by the Rastriya Prajatantra Party with 571,175 votes. The Janata Samajbadi Party has received 396,839, votes and the Janamat Party 360,669 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, the counting of votes under the first-past-the-post system for the HoR has been completed in 161 constituencies out of 165. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results in Sunsari-4, Syangja- 2, Dolakha and Bajura are awaited. The number of candidates to be elected under the PR system will be determined following the completion of the vote count, and their elections will be based on the closed list of candidates earlier submitted by political parties taking part in the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that re-election is taking place in 10 polling centers of Dolakha on Thursday, December 1, while disputes regarding vote count in Syangja and Bajura will be settled soon, according to EC Spokesperson Shaligram Sharma Poudel. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16162', 'image' => '20221130082105_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-30 20:20:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16420', 'article_category_id' => '1', 'title' => 'Twelve Construction Companies Blacklisted ', 'sub_title' => '', 'summary' => 'November 30: Twelve construction companies have been blacklisted for not completing development projects in time. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Twelve construction companies have been blacklisted for not completing development projects in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Procurement Monitoring Office in a notice issued on Wednesday has banned the blacklisted companies from their involvement in the public procurement process for a definite timeframe. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The blacklisted companies include Bharat-Saptakoshi JV Kathmandu, Haigriwa-Siddhi Sai Prakash JV, Highway Construction Pvt Ltd, Bidhi Builders Pvt Ltd, Saibaba & Tara Construction, Anukul Nirman Sewa, Panchkhal Construction Pvt Ltd and Prabhu Nirmal Sewa. Similarly, other companies blacklisted by the PPMC include Siddijanak Construction and Suppliers Pvt Ltd, SSK Construction Service Pvt Ltd, Surmadevi Construction, Nilgiri National Canon JV, National Development Service Pvt Ltd, and Canon Construction Pvt Ltd.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Road Division Office, Butwal recommended the blacklisting of the Bharat-Saptakoshi JV operated by Hom Nath Gautam for two years. The Haigriwa-Siddhi Sai run by Dependra Bahadur Shahi and Narendra Pradhan, which delayed the Ranijamara-Kulariya Irrigation Project, was put on a blacklist for two years. The Highway Construction Pvt Ltd based in Chitwan and operated by Narayan Subedi was blacklisted for one year on the recommendation of Hetauda Metropolitan City. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Kathmandu-based Bidhi Builders Pvt Ltd run by Biplov Pokhrel was also blacklisted for one year upon the recommendation of the Shahid Gangalal National Heart Center, Bansbari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saibaba and Tara Construction based in Khalanga, Jajarkot operated by Sanjaya Kumari Rana (Shah) was blacklisted for one year upon the recommendation of Tokha Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Agricultural Research Council recommended the blacklisting of Anukul Sewa run by Tilak Bahadur Bhandari for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Panchkhal Construction operated by Prem Prasad Adhikari based in Kathmandu was placed in the blacklist for one year upon the recommendation of the Tourism Development Project, Hetauda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Directorate of Water Supply, Irrigation and Energy Development, Surkhet recommended the blacklisting of Surkhet-based Prabhu Construction Sewa run by Resham Bahadur Shah for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Siddijanak Construction and Suppliers Pvt Ltd has been blacklisted for a year upon the recommendations of Uttargaya Rural Municiwpality in Rasuwa district. Siddibabu Regmi is the proprietor of this company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSK Construction Service Pvt Ltd has been blacklisted for a year upon the recommendation of Kapilvastu Municipality. Safiur Rahman is its proprietor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Surmadevi Construction of Kailali district has been blacklisted upon the recommendation of Agriculture Development Directives in Doti district. The company is owned by Mina Kumari Sharma Koirala. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another company blacklisted for a year is Nilgiri National Canon JV. The company owned by Yuwaraj Dangi was blacklisted upon the recommendation of Road Division Office, Chandranigahapur in Rautahat district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhan Kumar Thapa's National Development Service Pvt Ltd and Gaurav Pudasaini’s company Canon Construction Pvt Ltd have been blacklisted for a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the blacklisted period, the blacklisted companies cannot partake in the procurement process of public offices and agencies. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16161', 'image' => '20221130061311_ppmo.jpg', 'article_date' => '2022-11-30 18:12:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16419', 'article_category_id' => '1', 'title' => 'HAN Expresses Disappointment over Monetary Policy Review', 'sub_title' => '', 'summary' => 'November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year. According to HAN, the tourism professionals are not happy with the review as it does not address their problems.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also drew the attention of the central bank that it had assured them of revising some provisions to make the tourism business easier but the promise has not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the organization, the tourism and hoteliers affected by Covid-19 are protesting due to the high interest rates charged by banks and financial institutions. In this situation, HAN expressed its displeasure saying that even the basic demands of the hoteliers have not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN issued a press statement on Tuesday and urged Nepal Rastra Bank to address the reasonable demands of tourism entrepreneurs and hoteliers. HAN said that Nepal will not be able to attract more investment in the future if the government fails to protect the hotel industry.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also urged not to ignore the contribution of the hotel and tourism industry towards the economic growth. It said that the this sector has made significant contribution for job creation, foreign exchange earnings, and improving international relations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Looking at the contribution made by this sector, HAN demanded flexibility in monetary and financial policy for business protection. HAN also requested that those who cannot pay the principal and interest within the deadline should be given more time.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16160', 'image' => '20221130032345_Hotel.jpg', 'article_date' => '2022-11-30 15:23:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16418', 'article_category_id' => '1', 'title' => 'Government Collects Rs 98.1 Million in Taxes in a Month from Stock Market Investors', 'sub_title' => '', 'summary' => 'November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. Investors of the secondary market paid capital gains tax equal to that amount to the government for making profit. Compared to mid-September to mid-October, the capital gains tax collected in mid-October to mid-November is Rs 43.7 million more. In mid-September to mid-October, Rs 54.4 million was collected from capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">In the following month, the government collected more capital gains tax from long-term investors than from short-term investors. CDS and Clearing Limited (CDSC) informed that more than Rs 47.1 million was collected from short-term investors and more than Rs 51.1 million from long-term investors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Investors in the securities market have been paying capital gains tax based on weighted average cost. The government has been collecting up to 10 per cent capital gains tax from the profits earned by investors in the secondary market. Ten per cent capital gains tax is collected from institutional investors in the securities market and 7.5 per cent from individual investors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Among the individuals, the government collects tax by considering those who hold shares for more than 1 year as long-term investors and those who hold shares for less than 1 year as short-term investors. Short-term investors have to pay 7.5% capital gains tax and long-term investors have to pay 5% capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Based on the fact that long-term investors paid more capital gains tax for the last 2 months, investors who have been in a wait-and-see state of mind for the past 1 year have estimated that profits have increased.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16159', 'image' => '20221130030455_share.jpg', 'article_date' => '2022-11-30 15:04:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16417', 'article_category_id' => '1', 'title' => 'Birgunj Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue collection of the country’s major customs office was 85 percent of the target in the first month (mid-July to mid-August) of the current fiscal year while it struggled to meet the target, which dropped to 60 percent in the fourth month (mid-October to mid-November)</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office collected Rs 12.99 billion against the target of Rs 15.2 billion in mid-July to mid-August. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-August to mid-September, Rs 14.14 billion was collected despite its target of Rs 19.29 billion, Information Officer of Birgunj Customs Office Sumit Gupta said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, revenue collection from Birgunj customs point remained short of Rs 9.38 billion in mid-September to mid-October. In the third month of the current fiscal year, the office had set a target to collect Rs 21.88 billion but it collected just Rs 12.49 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-October to mid-November, the office achieved just 60 per cent of its target collecting Rs 12.92 billion against the target of Rs 21.65 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer Gupta said that the government’s decision to ban imports of 10 goods that contribute the most to the revenue collection led to a decline in revenue collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Compared to the last fiscal year, revenue collection from the import of petroleum products has decreased by 74 per cent and 69 per cent from the import of vehicles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16158', 'image' => '20221130124841_1669790259.jpg', 'article_date' => '2022-11-30 12:48:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16416', 'article_category_id' => '1', 'title' => 'FNCCI Warns Economy Heading Towards Disaster', 'sub_title' => 'Private Sector Seeks Cooperation from All to Bail Out the Troubled Economy', 'summary' => 'November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organising a press conference on Tuesday, the umbrella body of private orgagnisation said that it will announce protest programmes if the government does not revise its programmes to support the private sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the nationwide protests of industrialists and entrepreneurs were put off upon the request of FNCCI citing the general election on November 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the press meet, FNCCI President Shekhar Golchha said that the revenue collection of the government is not enough even to meet the general expenses. Ho noted that inflation was all-time high compared to the last six years while the slowdown of business activities has resulted in multi-dimensional problems in the economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Golchha said that the private sector was hopeful that the first-quarterly review of the monetary policy would address the problems of the economy, but that did not happen. As a result, the FNCCI concluded that the economy would be heading towards a disaster. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“At present, the government, private sector and the general public all have been negatively affected. The economic indicators are dismal. If we do not take the situation seriously, the economy will head towards a disaster,” warned Golchha, adding, “If the production and supply chain becomes regular, it will ensure government’s revenue collection and job security of the general public and bring inflation under control in course of time.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, the rise in prices of petroleum products in the international market and the lack of maturity on part of the regulatory bodies have resulted in the current crisis, added Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He further said that the current crisis is the result of failure of regulators to handle the post-Covid situation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The situation was hopeful after the pandemic. The economic indicators had shown improvements. The financial sector was in need of loan. The demand for loan in real estate, capital market and productive sector increased. The demand increased but the production remained low. In such a situation, it was obvious that imports would rise,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to him, the credit flow of banks was five times higher than deposit collection in the first five months of the last fiscal year. “Banks invested Rs 450 billion during the review period. Foreign exchange reserves declined by 17 percent. As the regulators tried to control credit flow and foreign exchange reserves at once, credit flow declined to Rs 60 billion in the last eight months. If the government had been cautious to prevent massive credit flow, it would not have been necessary to adopt strict measures now,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A survey conducted by the FNCCI has revealed that the production capacity of industries as well as business activities have slumped. As a result, revenue collection of government has also declined. According to the survey report, revenue collection declined by 19 percent in the first three months of the current fiscal year. The current expenses of the government was more than revenue collection by Rs 17 billion, said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“If the expenses remain high and the revenue collection is dismal, we might have to take foreign loans to pay the salary of civil servants. It is the general public that has to bear the burden of that loan ultimately,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FNCCI argued that although the Nepal Rastra Bank claims inflation has reached 8.5 percent, the actual inflation has already reached double digits. It has negatively affected the purchasing power of the consumers, added the FNCCI. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16157', 'image' => '20221130123947_ecomonic crisis.jpg', 'article_date' => '2022-11-30 12:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16414', 'article_category_id' => '1', 'title' => 'DDA Warns against Using Drugs Containing Ethylene Glycol and Diethylene Glycol ', 'sub_title' => '', 'summary' => 'November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, DDA's Senior Drug Manager Santosh KC issued a statement on Tuesday and warned the consumers towards possible mix-up of such hazardous chemicals in some liquid medicines used for children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the DDA, the World Health Organization (WHO)'s report has also noted that the use of medicines having Ethylene Glycol and Diethylene Glycol in different countries, including Zambia and Indonesia, has had serious effect on their kidneys of children and also caused death in some cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the statement, the department has made it clear that the medicines such as Promethazine Oral Solution, Kofexmalin Baby Cough Syrup, My Cough Baby Cough Syrup and Magrip and Cold Syrup produced by Haryana-based Miden Pharmaceuticals Limited containing such hazardous substance have not been registered in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also instructed the drug manufacturing companies to ensure that they do not mix-up of such harmful chemical elements in the drugs manufactured and sold in Nepal, added RSS. </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16156', 'image' => '20221130104807_2488239109.jpg', 'article_date' => '2022-11-30 10:47:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16415', 'article_category_id' => '1', 'title' => 'Rashford Inspires England to a 3-0 Victory over Wales', 'sub_title' => 'Group B Winners England Next Face Senegal on Sunday', 'summary' => 'November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.', 'content' => '<p><span style="font-size:18px">AGENCIES</span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Wales could also have reached the last 16 with a victory if the match between Iran and the United States ended level, but any hope of that scenario unfolding evaporated rapidly once Rashford smashed home a curling free kick five minutes after the break following a foul on Phil Foden by Ethan Ampadu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A minute later, Foden made it 2-0 as Wales carelessly lost possession and Harry Kane crossed low for the Manchester City player to convert from close range, added the news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Rashford then made it 3-0 with a surging run in from the right before shooting through a crowd and past Danny Ward's legs in the 68th minute.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, England top Group B with seven points, two points ahead of the United States who set up a last-16 meeting with the Netherlands by beating Iran 1-0 in their grudge match, while Wales finished bottom of the table with a point.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">England next face Group A runners-up Senegal on Sunday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16155', 'image' => '20221130111344_Declan-Rice-Marcus-Rashford-John-Stones-England-celebrate.jpg', 'article_date' => '2022-11-30 11:12:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16413', 'article_category_id' => '1', 'title' => 'NIBL, Mega Endorse Final Agreement for Merger ', 'sub_title' => '', 'summary' => 'Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. A meeting of the Board of Directors of both the banks have endorsed the document and exchanged it, paving the way for merging the institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the deadline set by the Nepal Rastra Bank (NRB), the banks can go for merger till January 6, 2023 to receive benefits announced by the central bank. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to merger committee member Gopal Khanal, who is also a member of the Board of Directors of Mega Bank, they plan to merge and launch integrated transactions within the deadline given by the central bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banks signed a preliminary merger agreement with a swap ratio of 100: 90 on June 10. One unit of share of the NIBL will be equivalent to 0.90 of Mega Bank. NIBL’s paid-up capital is Rs18.31 billion while that of Mega Bank is Rs16.2 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following the merger, the new entity is to be named Nepal Investment Mega Bank and Prithvi Bahadur Pande will be its chair and Jyoti Pandey the Chief Executive Officer. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16154', 'image' => '20221129052420_20220713054958_merger.jpg', 'article_date' => '2022-11-29 17:23:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16412', 'article_category_id' => '1', 'title' => 'Central Bank Reduces Limit on Dividends to Be Issued by Microfinance Companies', 'sub_title' => '', 'summary' => 'November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The central bank took such measures after the microfinance companies, whose primary objective is to serve the poor and marginalized people, were criticized for making excessive profit.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16153', 'image' => '20221129032953_dividend.jpg', 'article_date' => '2022-11-29 15:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16411', 'article_category_id' => '1', 'title' => 'NEA to Expand Transmission Lines in Madhes Province to Increase Electricity Consumption', 'sub_title' => '', 'summary' => 'November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The state-owned power utility aims to increase electricity consumption in human settlements and industrial corridors in southern belts of the Terai including Bara, Parsa, Rautahat, Mahottari and Dhanusha. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, the NEA is planning to construct four high-powered transmission lines and sub stations along the Postal Highway by 2050.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the NEA will construct four-circuit transmission lines and substations alongside the Postal Highway that lies near the Nepal-India border. While two upper circuit lines will be of 400 kV, the other two on the lower level will have a capacity of 132 kV. Substations will be built to maintain smooth electricity supply in local areas.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to NEA’s Managing Director Kulman Ghising, 3,200 MW electricity will be supplied to Bara-Parsa Industrial Corridor of Birgunj and the remaining 800 MW will be made available in the Janakpur area. This will help in urban development as well as industrial development, added Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It will also ensure supply of good quality of electricity, according to Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The construction of transmission lines and substations will cost over Rs 50 billion. According to Ghising, the funds will be managed from state coffers as well as investment of NEA, loans from EXIM Bank of India and concessional loans from the Asian Development Bank. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In this regard, a team of high-ranking officials of NEA led by Managing Director Ghising along with the donor agencies carried out an onsite visit of the proposed construction sites on Saturday and Sunday, according to the NEA. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Ghising said that the NEA is making a phase-wise plan to increase domestic consumption of electricity first and then to export surplus electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16152', 'image' => '20221129014012_electricity.jpg', 'article_date' => '2022-11-29 13:39:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16410', 'article_category_id' => '1', 'title' => 'EC Directs Candidates to Submit Election Expenditures within 35 Days ', 'sub_title' => '', 'summary' => 'November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The details of election expenditures under the first-past-the-post system should be submitted to the respective province and the district election office in line with the Member of the House of Representatives and the Province Assembly Election Directives, 2079. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The candidates should mention details of their bank accounts and the responsible persons who have been tasked with looking after the election expenditures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under the proportional representation system, details of the election expenditures should be submitted within 35 days of the completion of the voting as per the Member of the House of Representatives Proportional Election Directives, 2079 (34), and the Member of the Province Assembly Proportional Election Directives, 2079 (36). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16151', 'image' => '20221129125836_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-29 12:57:53', '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' => '16424', 'article_category_id' => '1', 'title' => 'Thailand-Bound NAC Aircraft Makes Emergency Landing in Bangladesh', 'sub_title' => '', 'summary' => 'December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the flag-carrier of Nepal, the narrow-body aircraft made an emergency landing at Chatgaun International Airport of Bangladesh after the plane’s indicator showed smoke in the cargo compartment. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We checked the cargo compartment after the indicator showed smoke but everything was fine. So the pilots have been instructed to resume the flight,” said an official of NAC. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC said that the cargo from the RA 401 flight was unloaded in Bangladesh and preparations were made to resume the flight to Bangkok.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC official said that the Airbus A-320 was carrying 152 passengers.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16165', 'image' => '20221201115432_1669815469.1668771593.1668257464.jpg', 'article_date' => '2022-12-01 11:53:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16423', 'article_category_id' => '1', 'title' => 'Price of Black Cardamom Takes a Nosedive Despite Market Expansion', 'sub_title' => '', 'summary' => 'December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. Previously, Nepali cardamom was exported to Indian and Pakistani only. However, the new achievement could not delight the producers and exporters much as the price of cardamom took a nosedive. This year, the production increased by 30 percent compared to last year while the price went downhill.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Federation of Black Cardamom Entrepreneurs of Nepal, the price of 40 kg of JJ No 1 quality cardamom decreased by Rs 21,000 to Rs 27,000 this year, from last year’s price of Rs 48,000. Similarly, the price of 40 kg of SD No 2 quality cardamom was Rs 47,000 last year, which dropped to Rs 26,000. The price of common cardamom use (No 3 cardamom) dropped from Rs 46,000 to Rs 25,000 per 40 kg.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gulf countries, including Qatar, give organic registration to food products produced according to their country's standards. According to the same standards, Nepal received the Halal certificate to export cardamom to those countries from this year. With this certificate, the businessmen were expecting the price of Nepalese cardamom to increase. However, this year there has been a big drop in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the final data of production is yet to come, the federation estimates that cardamom production this year increased by about 30 percent compared to last year. In the last fiscal year, 5,200 metric tons of cardamom was produced in Nepal. President of the federation Nirmal Bhattarai said that the increase in cardamom production is the main reason for such a large decline in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the end of last year, the farmers kept a stock of cardamom after the price of decreased nominally. Now the same 'stocked' cardamom is being sold. New cardamom is also produced more this year. He said that the production of cardamom has also increased in India, the main market of Nepali cardamom. As a result, the price has been affected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to President Bhattarai, despite the opening of doors for exports to Gulf countries, there is a problem in exporting the produce due to Nepal's landlocked nature. Even if Nepal exports cardamom, it takes a long time to reach the destination countries. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rajan Pariyar, Senior Crop Development Officer of the National Center for Potato, Vegetable and Spice Crops says that one of the reasons why Nepali cardamom cannot get a good price is that its consumption in the domestic market is very low. Nepal has to use India's land for international trade and India creates obstacles under various pretexts, so there is a big problem in the export of potential goods.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Among the spice crops produced in Nepal, ginger ranks first in terms of production and area, while cardamom ranks last. According to the government’s data, cardamom is cultivated on about 1,700 hectares of land in Nepal. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16164', 'image' => '20221201104636_BlackCardamom.jpg', 'article_date' => '2022-12-01 10:45:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16422', 'article_category_id' => '1', 'title' => 'Argentina outclass Poland to Reach Knockout Stage of World Cup', 'sub_title' => '', 'summary' => 'December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, Poland were set to progress by virtue of the Fifa Fair Play rule for having fewer yellow cards than Mexico - until Saudi Arabia pulled one back deep into stoppage time in their 2-1 loss to the Concacaf side. That meant goal difference was decisive for the Poles, who will next face France.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina ran out comfortable winners with second-half goals from Brighton's Alexis Mac Allister and Manchester City striker Julian Alvarez, added the BBC.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina dominated throughout but had to wait until after the second half to make the breakthrough as Mac Allister gave Argentina the lead they deserved when he swept home Nahuel Molina's cross a minute after the break and Alvarez sealed victory with a fine finish into the top corner in the 67th minute.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Argentina dominated possession while Poland barely managed to get out of their own half, with the South American side's goalkeeper Emiliano Martinez a mere spectator for the majority of the game.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The second goal was the result of some patient buildup where Argentina knocked the ball around before Enzo Fernandez unlocked the defence with a through-ball for Alvarez, who found space in the box and smashed it into the top corner, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Lionel Messi missed a first-half penalty at Stadium 974 on Wednesday but both teams booked their places in the knockout stages of the World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina's victory propelled Lionel Scaloni's side to the top of Group C and they will next face Australia.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16163', 'image' => '20221201101557_arg.jpg', 'article_date' => '2022-12-01 10:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16421', 'article_category_id' => '1', 'title' => 'Over 10 Million PR Votes Counted ', 'sub_title' => '', 'summary' => 'November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The total number of voters for HoR members under the PR category is 17,908,850 and the preliminary estimate was that the voter turnout stood at 61 percent (10,973,027 votes). Now the counting of around 900,000 votes remains. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the latest update provided by the Election Commission, the main opposition CPN-UML continues to lead the vote count with 2,701,072 votes followed by the ruling Nepali Congress (NC) with 2,559,179 votes. Similarly, the CPN (Maoist Center) has obtained 1,145,442 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured 1,098,663 votes followed by the Rastriya Prajatantra Party with 571,175 votes. The Janata Samajbadi Party has received 396,839, votes and the Janamat Party 360,669 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, the counting of votes under the first-past-the-post system for the HoR has been completed in 161 constituencies out of 165. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results in Sunsari-4, Syangja- 2, Dolakha and Bajura are awaited. The number of candidates to be elected under the PR system will be determined following the completion of the vote count, and their elections will be based on the closed list of candidates earlier submitted by political parties taking part in the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that re-election is taking place in 10 polling centers of Dolakha on Thursday, December 1, while disputes regarding vote count in Syangja and Bajura will be settled soon, according to EC Spokesperson Shaligram Sharma Poudel. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16162', 'image' => '20221130082105_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-30 20:20:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16420', 'article_category_id' => '1', 'title' => 'Twelve Construction Companies Blacklisted ', 'sub_title' => '', 'summary' => 'November 30: Twelve construction companies have been blacklisted for not completing development projects in time. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Twelve construction companies have been blacklisted for not completing development projects in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Procurement Monitoring Office in a notice issued on Wednesday has banned the blacklisted companies from their involvement in the public procurement process for a definite timeframe. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The blacklisted companies include Bharat-Saptakoshi JV Kathmandu, Haigriwa-Siddhi Sai Prakash JV, Highway Construction Pvt Ltd, Bidhi Builders Pvt Ltd, Saibaba & Tara Construction, Anukul Nirman Sewa, Panchkhal Construction Pvt Ltd and Prabhu Nirmal Sewa. Similarly, other companies blacklisted by the PPMC include Siddijanak Construction and Suppliers Pvt Ltd, SSK Construction Service Pvt Ltd, Surmadevi Construction, Nilgiri National Canon JV, National Development Service Pvt Ltd, and Canon Construction Pvt Ltd.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Road Division Office, Butwal recommended the blacklisting of the Bharat-Saptakoshi JV operated by Hom Nath Gautam for two years. The Haigriwa-Siddhi Sai run by Dependra Bahadur Shahi and Narendra Pradhan, which delayed the Ranijamara-Kulariya Irrigation Project, was put on a blacklist for two years. The Highway Construction Pvt Ltd based in Chitwan and operated by Narayan Subedi was blacklisted for one year on the recommendation of Hetauda Metropolitan City. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Kathmandu-based Bidhi Builders Pvt Ltd run by Biplov Pokhrel was also blacklisted for one year upon the recommendation of the Shahid Gangalal National Heart Center, Bansbari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saibaba and Tara Construction based in Khalanga, Jajarkot operated by Sanjaya Kumari Rana (Shah) was blacklisted for one year upon the recommendation of Tokha Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Agricultural Research Council recommended the blacklisting of Anukul Sewa run by Tilak Bahadur Bhandari for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Panchkhal Construction operated by Prem Prasad Adhikari based in Kathmandu was placed in the blacklist for one year upon the recommendation of the Tourism Development Project, Hetauda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Directorate of Water Supply, Irrigation and Energy Development, Surkhet recommended the blacklisting of Surkhet-based Prabhu Construction Sewa run by Resham Bahadur Shah for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Siddijanak Construction and Suppliers Pvt Ltd has been blacklisted for a year upon the recommendations of Uttargaya Rural Municiwpality in Rasuwa district. Siddibabu Regmi is the proprietor of this company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSK Construction Service Pvt Ltd has been blacklisted for a year upon the recommendation of Kapilvastu Municipality. Safiur Rahman is its proprietor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Surmadevi Construction of Kailali district has been blacklisted upon the recommendation of Agriculture Development Directives in Doti district. The company is owned by Mina Kumari Sharma Koirala. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another company blacklisted for a year is Nilgiri National Canon JV. The company owned by Yuwaraj Dangi was blacklisted upon the recommendation of Road Division Office, Chandranigahapur in Rautahat district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhan Kumar Thapa's National Development Service Pvt Ltd and Gaurav Pudasaini’s company Canon Construction Pvt Ltd have been blacklisted for a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the blacklisted period, the blacklisted companies cannot partake in the procurement process of public offices and agencies. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16161', 'image' => '20221130061311_ppmo.jpg', 'article_date' => '2022-11-30 18:12:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16419', 'article_category_id' => '1', 'title' => 'HAN Expresses Disappointment over Monetary Policy Review', 'sub_title' => '', 'summary' => 'November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year. According to HAN, the tourism professionals are not happy with the review as it does not address their problems.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also drew the attention of the central bank that it had assured them of revising some provisions to make the tourism business easier but the promise has not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the organization, the tourism and hoteliers affected by Covid-19 are protesting due to the high interest rates charged by banks and financial institutions. In this situation, HAN expressed its displeasure saying that even the basic demands of the hoteliers have not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN issued a press statement on Tuesday and urged Nepal Rastra Bank to address the reasonable demands of tourism entrepreneurs and hoteliers. HAN said that Nepal will not be able to attract more investment in the future if the government fails to protect the hotel industry.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also urged not to ignore the contribution of the hotel and tourism industry towards the economic growth. It said that the this sector has made significant contribution for job creation, foreign exchange earnings, and improving international relations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Looking at the contribution made by this sector, HAN demanded flexibility in monetary and financial policy for business protection. HAN also requested that those who cannot pay the principal and interest within the deadline should be given more time.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16160', 'image' => '20221130032345_Hotel.jpg', 'article_date' => '2022-11-30 15:23:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16418', 'article_category_id' => '1', 'title' => 'Government Collects Rs 98.1 Million in Taxes in a Month from Stock Market Investors', 'sub_title' => '', 'summary' => 'November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. Investors of the secondary market paid capital gains tax equal to that amount to the government for making profit. Compared to mid-September to mid-October, the capital gains tax collected in mid-October to mid-November is Rs 43.7 million more. In mid-September to mid-October, Rs 54.4 million was collected from capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">In the following month, the government collected more capital gains tax from long-term investors than from short-term investors. CDS and Clearing Limited (CDSC) informed that more than Rs 47.1 million was collected from short-term investors and more than Rs 51.1 million from long-term investors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Investors in the securities market have been paying capital gains tax based on weighted average cost. The government has been collecting up to 10 per cent capital gains tax from the profits earned by investors in the secondary market. Ten per cent capital gains tax is collected from institutional investors in the securities market and 7.5 per cent from individual investors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Among the individuals, the government collects tax by considering those who hold shares for more than 1 year as long-term investors and those who hold shares for less than 1 year as short-term investors. Short-term investors have to pay 7.5% capital gains tax and long-term investors have to pay 5% capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Based on the fact that long-term investors paid more capital gains tax for the last 2 months, investors who have been in a wait-and-see state of mind for the past 1 year have estimated that profits have increased.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16159', 'image' => '20221130030455_share.jpg', 'article_date' => '2022-11-30 15:04:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16417', 'article_category_id' => '1', 'title' => 'Birgunj Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue collection of the country’s major customs office was 85 percent of the target in the first month (mid-July to mid-August) of the current fiscal year while it struggled to meet the target, which dropped to 60 percent in the fourth month (mid-October to mid-November)</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office collected Rs 12.99 billion against the target of Rs 15.2 billion in mid-July to mid-August. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-August to mid-September, Rs 14.14 billion was collected despite its target of Rs 19.29 billion, Information Officer of Birgunj Customs Office Sumit Gupta said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, revenue collection from Birgunj customs point remained short of Rs 9.38 billion in mid-September to mid-October. In the third month of the current fiscal year, the office had set a target to collect Rs 21.88 billion but it collected just Rs 12.49 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-October to mid-November, the office achieved just 60 per cent of its target collecting Rs 12.92 billion against the target of Rs 21.65 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer Gupta said that the government’s decision to ban imports of 10 goods that contribute the most to the revenue collection led to a decline in revenue collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Compared to the last fiscal year, revenue collection from the import of petroleum products has decreased by 74 per cent and 69 per cent from the import of vehicles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16158', 'image' => '20221130124841_1669790259.jpg', 'article_date' => '2022-11-30 12:48:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16416', 'article_category_id' => '1', 'title' => 'FNCCI Warns Economy Heading Towards Disaster', 'sub_title' => 'Private Sector Seeks Cooperation from All to Bail Out the Troubled Economy', 'summary' => 'November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organising a press conference on Tuesday, the umbrella body of private orgagnisation said that it will announce protest programmes if the government does not revise its programmes to support the private sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the nationwide protests of industrialists and entrepreneurs were put off upon the request of FNCCI citing the general election on November 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the press meet, FNCCI President Shekhar Golchha said that the revenue collection of the government is not enough even to meet the general expenses. Ho noted that inflation was all-time high compared to the last six years while the slowdown of business activities has resulted in multi-dimensional problems in the economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Golchha said that the private sector was hopeful that the first-quarterly review of the monetary policy would address the problems of the economy, but that did not happen. As a result, the FNCCI concluded that the economy would be heading towards a disaster. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“At present, the government, private sector and the general public all have been negatively affected. The economic indicators are dismal. If we do not take the situation seriously, the economy will head towards a disaster,” warned Golchha, adding, “If the production and supply chain becomes regular, it will ensure government’s revenue collection and job security of the general public and bring inflation under control in course of time.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, the rise in prices of petroleum products in the international market and the lack of maturity on part of the regulatory bodies have resulted in the current crisis, added Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He further said that the current crisis is the result of failure of regulators to handle the post-Covid situation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The situation was hopeful after the pandemic. The economic indicators had shown improvements. The financial sector was in need of loan. The demand for loan in real estate, capital market and productive sector increased. The demand increased but the production remained low. In such a situation, it was obvious that imports would rise,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to him, the credit flow of banks was five times higher than deposit collection in the first five months of the last fiscal year. “Banks invested Rs 450 billion during the review period. Foreign exchange reserves declined by 17 percent. As the regulators tried to control credit flow and foreign exchange reserves at once, credit flow declined to Rs 60 billion in the last eight months. If the government had been cautious to prevent massive credit flow, it would not have been necessary to adopt strict measures now,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A survey conducted by the FNCCI has revealed that the production capacity of industries as well as business activities have slumped. As a result, revenue collection of government has also declined. According to the survey report, revenue collection declined by 19 percent in the first three months of the current fiscal year. The current expenses of the government was more than revenue collection by Rs 17 billion, said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“If the expenses remain high and the revenue collection is dismal, we might have to take foreign loans to pay the salary of civil servants. It is the general public that has to bear the burden of that loan ultimately,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FNCCI argued that although the Nepal Rastra Bank claims inflation has reached 8.5 percent, the actual inflation has already reached double digits. It has negatively affected the purchasing power of the consumers, added the FNCCI. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16157', 'image' => '20221130123947_ecomonic crisis.jpg', 'article_date' => '2022-11-30 12:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16414', 'article_category_id' => '1', 'title' => 'DDA Warns against Using Drugs Containing Ethylene Glycol and Diethylene Glycol ', 'sub_title' => '', 'summary' => 'November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, DDA's Senior Drug Manager Santosh KC issued a statement on Tuesday and warned the consumers towards possible mix-up of such hazardous chemicals in some liquid medicines used for children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the DDA, the World Health Organization (WHO)'s report has also noted that the use of medicines having Ethylene Glycol and Diethylene Glycol in different countries, including Zambia and Indonesia, has had serious effect on their kidneys of children and also caused death in some cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the statement, the department has made it clear that the medicines such as Promethazine Oral Solution, Kofexmalin Baby Cough Syrup, My Cough Baby Cough Syrup and Magrip and Cold Syrup produced by Haryana-based Miden Pharmaceuticals Limited containing such hazardous substance have not been registered in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also instructed the drug manufacturing companies to ensure that they do not mix-up of such harmful chemical elements in the drugs manufactured and sold in Nepal, added RSS. </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16156', 'image' => '20221130104807_2488239109.jpg', 'article_date' => '2022-11-30 10:47:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16415', 'article_category_id' => '1', 'title' => 'Rashford Inspires England to a 3-0 Victory over Wales', 'sub_title' => 'Group B Winners England Next Face Senegal on Sunday', 'summary' => 'November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.', 'content' => '<p><span style="font-size:18px">AGENCIES</span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Wales could also have reached the last 16 with a victory if the match between Iran and the United States ended level, but any hope of that scenario unfolding evaporated rapidly once Rashford smashed home a curling free kick five minutes after the break following a foul on Phil Foden by Ethan Ampadu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A minute later, Foden made it 2-0 as Wales carelessly lost possession and Harry Kane crossed low for the Manchester City player to convert from close range, added the news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Rashford then made it 3-0 with a surging run in from the right before shooting through a crowd and past Danny Ward's legs in the 68th minute.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, England top Group B with seven points, two points ahead of the United States who set up a last-16 meeting with the Netherlands by beating Iran 1-0 in their grudge match, while Wales finished bottom of the table with a point.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">England next face Group A runners-up Senegal on Sunday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16155', 'image' => '20221130111344_Declan-Rice-Marcus-Rashford-John-Stones-England-celebrate.jpg', 'article_date' => '2022-11-30 11:12:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16413', 'article_category_id' => '1', 'title' => 'NIBL, Mega Endorse Final Agreement for Merger ', 'sub_title' => '', 'summary' => 'Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. A meeting of the Board of Directors of both the banks have endorsed the document and exchanged it, paving the way for merging the institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the deadline set by the Nepal Rastra Bank (NRB), the banks can go for merger till January 6, 2023 to receive benefits announced by the central bank. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to merger committee member Gopal Khanal, who is also a member of the Board of Directors of Mega Bank, they plan to merge and launch integrated transactions within the deadline given by the central bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banks signed a preliminary merger agreement with a swap ratio of 100: 90 on June 10. One unit of share of the NIBL will be equivalent to 0.90 of Mega Bank. NIBL’s paid-up capital is Rs18.31 billion while that of Mega Bank is Rs16.2 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following the merger, the new entity is to be named Nepal Investment Mega Bank and Prithvi Bahadur Pande will be its chair and Jyoti Pandey the Chief Executive Officer. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16154', 'image' => '20221129052420_20220713054958_merger.jpg', 'article_date' => '2022-11-29 17:23:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16412', 'article_category_id' => '1', 'title' => 'Central Bank Reduces Limit on Dividends to Be Issued by Microfinance Companies', 'sub_title' => '', 'summary' => 'November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The central bank took such measures after the microfinance companies, whose primary objective is to serve the poor and marginalized people, were criticized for making excessive profit.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16153', 'image' => '20221129032953_dividend.jpg', 'article_date' => '2022-11-29 15:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16411', 'article_category_id' => '1', 'title' => 'NEA to Expand Transmission Lines in Madhes Province to Increase Electricity Consumption', 'sub_title' => '', 'summary' => 'November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The state-owned power utility aims to increase electricity consumption in human settlements and industrial corridors in southern belts of the Terai including Bara, Parsa, Rautahat, Mahottari and Dhanusha. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, the NEA is planning to construct four high-powered transmission lines and sub stations along the Postal Highway by 2050.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the NEA will construct four-circuit transmission lines and substations alongside the Postal Highway that lies near the Nepal-India border. While two upper circuit lines will be of 400 kV, the other two on the lower level will have a capacity of 132 kV. Substations will be built to maintain smooth electricity supply in local areas.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to NEA’s Managing Director Kulman Ghising, 3,200 MW electricity will be supplied to Bara-Parsa Industrial Corridor of Birgunj and the remaining 800 MW will be made available in the Janakpur area. This will help in urban development as well as industrial development, added Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It will also ensure supply of good quality of electricity, according to Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The construction of transmission lines and substations will cost over Rs 50 billion. According to Ghising, the funds will be managed from state coffers as well as investment of NEA, loans from EXIM Bank of India and concessional loans from the Asian Development Bank. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In this regard, a team of high-ranking officials of NEA led by Managing Director Ghising along with the donor agencies carried out an onsite visit of the proposed construction sites on Saturday and Sunday, according to the NEA. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Ghising said that the NEA is making a phase-wise plan to increase domestic consumption of electricity first and then to export surplus electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16152', 'image' => '20221129014012_electricity.jpg', 'article_date' => '2022-11-29 13:39:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16410', 'article_category_id' => '1', 'title' => 'EC Directs Candidates to Submit Election Expenditures within 35 Days ', 'sub_title' => '', 'summary' => 'November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The details of election expenditures under the first-past-the-post system should be submitted to the respective province and the district election office in line with the Member of the House of Representatives and the Province Assembly Election Directives, 2079. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The candidates should mention details of their bank accounts and the responsible persons who have been tasked with looking after the election expenditures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under the proportional representation system, details of the election expenditures should be submitted within 35 days of the completion of the voting as per the Member of the House of Representatives Proportional Election Directives, 2079 (34), and the Member of the Province Assembly Proportional Election Directives, 2079 (36). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16151', 'image' => '20221129125836_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-29 12:57:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '16424', 'article_category_id' => '1', 'title' => 'Thailand-Bound NAC Aircraft Makes Emergency Landing in Bangladesh', 'sub_title' => '', 'summary' => 'December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on Wednesday.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">December 1: A Nepal Airlines Corporation (NAC) aircraft heading towards Thailand from Kathmandu was forced to make an emergency landing in Bangladesh on Wednesday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the flag-carrier of Nepal, the narrow-body aircraft made an emergency landing at Chatgaun International Airport of Bangladesh after the plane’s indicator showed smoke in the cargo compartment. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“We checked the cargo compartment after the indicator showed smoke but everything was fine. So the pilots have been instructed to resume the flight,” said an official of NAC. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC said that the cargo from the RA 401 flight was unloaded in Bangladesh and preparations were made to resume the flight to Bangkok.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The NAC official said that the Airbus A-320 was carrying 152 passengers.</span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16165', 'image' => '20221201115432_1669815469.1668771593.1668257464.jpg', 'article_date' => '2022-12-01 11:53:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '16423', 'article_category_id' => '1', 'title' => 'Price of Black Cardamom Takes a Nosedive Despite Market Expansion', 'sub_title' => '', 'summary' => 'December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">December 1: The market of black cardamom has expanded after the cardamom produced in Nepal received Halal certificate and received permit to export the produce to the Gulf countries. Previously, Nepali cardamom was exported to Indian and Pakistani only. However, the new achievement could not delight the producers and exporters much as the price of cardamom took a nosedive. This year, the production increased by 30 percent compared to last year while the price went downhill.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the Federation of Black Cardamom Entrepreneurs of Nepal, the price of 40 kg of JJ No 1 quality cardamom decreased by Rs 21,000 to Rs 27,000 this year, from last year’s price of Rs 48,000. Similarly, the price of 40 kg of SD No 2 quality cardamom was Rs 47,000 last year, which dropped to Rs 26,000. The price of common cardamom use (No 3 cardamom) dropped from Rs 46,000 to Rs 25,000 per 40 kg.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Gulf countries, including Qatar, give organic registration to food products produced according to their country's standards. According to the same standards, Nepal received the Halal certificate to export cardamom to those countries from this year. With this certificate, the businessmen were expecting the price of Nepalese cardamom to increase. However, this year there has been a big drop in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Although the final data of production is yet to come, the federation estimates that cardamom production this year increased by about 30 percent compared to last year. In the last fiscal year, 5,200 metric tons of cardamom was produced in Nepal. President of the federation Nirmal Bhattarai said that the increase in cardamom production is the main reason for such a large decline in prices.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">At the end of last year, the farmers kept a stock of cardamom after the price of decreased nominally. Now the same 'stocked' cardamom is being sold. New cardamom is also produced more this year. He said that the production of cardamom has also increased in India, the main market of Nepali cardamom. As a result, the price has been affected.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to President Bhattarai, despite the opening of doors for exports to Gulf countries, there is a problem in exporting the produce due to Nepal's landlocked nature. Even if Nepal exports cardamom, it takes a long time to reach the destination countries. </span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Rajan Pariyar, Senior Crop Development Officer of the National Center for Potato, Vegetable and Spice Crops says that one of the reasons why Nepali cardamom cannot get a good price is that its consumption in the domestic market is very low. Nepal has to use India's land for international trade and India creates obstacles under various pretexts, so there is a big problem in the export of potential goods.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Among the spice crops produced in Nepal, ginger ranks first in terms of production and area, while cardamom ranks last. According to the government’s data, cardamom is cultivated on about 1,700 hectares of land in Nepal. </span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16164', 'image' => '20221201104636_BlackCardamom.jpg', 'article_date' => '2022-12-01 10:45:39', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '16422', 'article_category_id' => '1', 'title' => 'Argentina outclass Poland to Reach Knockout Stage of World Cup', 'sub_title' => '', 'summary' => 'December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">AGENCIES</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">December 1: Argentina turned the tide in their favour after the shock opening World Cup loss to Saudi Arabia by qualifying for the last 16 on Wednesday with an impressive 2-0 win over Poland - who went through on goal difference having finished level on points with Mexico.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, Poland were set to progress by virtue of the Fifa Fair Play rule for having fewer yellow cards than Mexico - until Saudi Arabia pulled one back deep into stoppage time in their 2-1 loss to the Concacaf side. That meant goal difference was decisive for the Poles, who will next face France.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina ran out comfortable winners with second-half goals from Brighton's Alexis Mac Allister and Manchester City striker Julian Alvarez, added the BBC.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina dominated throughout but had to wait until after the second half to make the breakthrough as Mac Allister gave Argentina the lead they deserved when he swept home Nahuel Molina's cross a minute after the break and Alvarez sealed victory with a fine finish into the top corner in the 67th minute.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Argentina dominated possession while Poland barely managed to get out of their own half, with the South American side's goalkeeper Emiliano Martinez a mere spectator for the majority of the game.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The second goal was the result of some patient buildup where Argentina knocked the ball around before Enzo Fernandez unlocked the defence with a through-ball for Alvarez, who found space in the box and smashed it into the top corner, added Reuters.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the news agency, Lionel Messi missed a first-half penalty at Stadium 974 on Wednesday but both teams booked their places in the knockout stages of the World Cup.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Argentina's victory propelled Lionel Scaloni's side to the top of Group C and they will next face Australia.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-12-01', 'modified' => '2022-12-01', 'keywords' => '', 'description' => '', 'sortorder' => '16163', 'image' => '20221201101557_arg.jpg', 'article_date' => '2022-12-01 10:13:52', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '16421', 'article_category_id' => '1', 'title' => 'Over 10 Million PR Votes Counted ', 'sub_title' => '', 'summary' => 'November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Over 10 million votes have been counted under the Proportional Representation (PR) electoral system for the House of Representatives (HoR). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The total number of voters for HoR members under the PR category is 17,908,850 and the preliminary estimate was that the voter turnout stood at 61 percent (10,973,027 votes). Now the counting of around 900,000 votes remains. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the latest update provided by the Election Commission, the main opposition CPN-UML continues to lead the vote count with 2,701,072 votes followed by the ruling Nepali Congress (NC) with 2,559,179 votes. Similarly, the CPN (Maoist Center) has obtained 1,145,442 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Rastriya Swatantra Party has secured 1,098,663 votes followed by the Rastriya Prajatantra Party with 571,175 votes. The Janata Samajbadi Party has received 396,839, votes and the Janamat Party 360,669 votes. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">So far, the counting of votes under the first-past-the-post system for the HoR has been completed in 161 constituencies out of 165. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The results in Sunsari-4, Syangja- 2, Dolakha and Bajura are awaited. The number of candidates to be elected under the PR system will be determined following the completion of the vote count, and their elections will be based on the closed list of candidates earlier submitted by political parties taking part in the election. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that re-election is taking place in 10 polling centers of Dolakha on Thursday, December 1, while disputes regarding vote count in Syangja and Bajura will be settled soon, according to EC Spokesperson Shaligram Sharma Poudel. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16162', 'image' => '20221130082105_20221123050626_20220805085711_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-30 20:20:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '16420', 'article_category_id' => '1', 'title' => 'Twelve Construction Companies Blacklisted ', 'sub_title' => '', 'summary' => 'November 30: Twelve construction companies have been blacklisted for not completing development projects in time. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Twelve construction companies have been blacklisted for not completing development projects in time. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Public Procurement Monitoring Office in a notice issued on Wednesday has banned the blacklisted companies from their involvement in the public procurement process for a definite timeframe. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The blacklisted companies include Bharat-Saptakoshi JV Kathmandu, Haigriwa-Siddhi Sai Prakash JV, Highway Construction Pvt Ltd, Bidhi Builders Pvt Ltd, Saibaba & Tara Construction, Anukul Nirman Sewa, Panchkhal Construction Pvt Ltd and Prabhu Nirmal Sewa. Similarly, other companies blacklisted by the PPMC include Siddijanak Construction and Suppliers Pvt Ltd, SSK Construction Service Pvt Ltd, Surmadevi Construction, Nilgiri National Canon JV, National Development Service Pvt Ltd, and Canon Construction Pvt Ltd.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Road Division Office, Butwal recommended the blacklisting of the Bharat-Saptakoshi JV operated by Hom Nath Gautam for two years. The Haigriwa-Siddhi Sai run by Dependra Bahadur Shahi and Narendra Pradhan, which delayed the Ranijamara-Kulariya Irrigation Project, was put on a blacklist for two years. The Highway Construction Pvt Ltd based in Chitwan and operated by Narayan Subedi was blacklisted for one year on the recommendation of Hetauda Metropolitan City. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Kathmandu-based Bidhi Builders Pvt Ltd run by Biplov Pokhrel was also blacklisted for one year upon the recommendation of the Shahid Gangalal National Heart Center, Bansbari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Saibaba and Tara Construction based in Khalanga, Jajarkot operated by Sanjaya Kumari Rana (Shah) was blacklisted for one year upon the recommendation of Tokha Municipality. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Nepal Agricultural Research Council recommended the blacklisting of Anukul Sewa run by Tilak Bahadur Bhandari for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Panchkhal Construction operated by Prem Prasad Adhikari based in Kathmandu was placed in the blacklist for one year upon the recommendation of the Tourism Development Project, Hetauda. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Directorate of Water Supply, Irrigation and Energy Development, Surkhet recommended the blacklisting of Surkhet-based Prabhu Construction Sewa run by Resham Bahadur Shah for one year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Siddijanak Construction and Suppliers Pvt Ltd has been blacklisted for a year upon the recommendations of Uttargaya Rural Municiwpality in Rasuwa district. Siddibabu Regmi is the proprietor of this company. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">SSK Construction Service Pvt Ltd has been blacklisted for a year upon the recommendation of Kapilvastu Municipality. Safiur Rahman is its proprietor. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Surmadevi Construction of Kailali district has been blacklisted upon the recommendation of Agriculture Development Directives in Doti district. The company is owned by Mina Kumari Sharma Koirala. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Another company blacklisted for a year is Nilgiri National Canon JV. The company owned by Yuwaraj Dangi was blacklisted upon the recommendation of Road Division Office, Chandranigahapur in Rautahat district. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Dhan Kumar Thapa's National Development Service Pvt Ltd and Gaurav Pudasaini’s company Canon Construction Pvt Ltd have been blacklisted for a year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During the blacklisted period, the blacklisted companies cannot partake in the procurement process of public offices and agencies. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16161', 'image' => '20221130061311_ppmo.jpg', 'article_date' => '2022-11-30 18:12:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '16419', 'article_category_id' => '1', 'title' => 'HAN Expresses Disappointment over Monetary Policy Review', 'sub_title' => '', 'summary' => 'November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">November 30: Hotel Association Nepal (HAN) has expressed disappointment towards the first quarterly review of the monetary policy for the current fiscal year. According to HAN, the tourism professionals are not happy with the review as it does not address their problems.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also drew the attention of the central bank that it had assured them of revising some provisions to make the tourism business easier but the promise has not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">According to the organization, the tourism and hoteliers affected by Covid-19 are protesting due to the high interest rates charged by banks and financial institutions. In this situation, HAN expressed its displeasure saying that even the basic demands of the hoteliers have not been fulfilled.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN issued a press statement on Tuesday and urged Nepal Rastra Bank to address the reasonable demands of tourism entrepreneurs and hoteliers. HAN said that Nepal will not be able to attract more investment in the future if the government fails to protect the hotel industry.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">HAN also urged not to ignore the contribution of the hotel and tourism industry towards the economic growth. It said that the this sector has made significant contribution for job creation, foreign exchange earnings, and improving international relations.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif"">Looking at the contribution made by this sector, HAN demanded flexibility in monetary and financial policy for business protection. HAN also requested that those who cannot pay the principal and interest within the deadline should be given more time.</span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16160', 'image' => '20221130032345_Hotel.jpg', 'article_date' => '2022-11-30 15:23:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '16418', 'article_category_id' => '1', 'title' => 'Government Collects Rs 98.1 Million in Taxes in a Month from Stock Market Investors', 'sub_title' => '', 'summary' => 'November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">November 30: The government has collected more than Rs 98.1 million in taxes from investors of the secondary market in a one month period starting from mid-October. Investors of the secondary market paid capital gains tax equal to that amount to the government for making profit. Compared to mid-September to mid-October, the capital gains tax collected in mid-October to mid-November is Rs 43.7 million more. In mid-September to mid-October, Rs 54.4 million was collected from capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">In the following month, the government collected more capital gains tax from long-term investors than from short-term investors. CDS and Clearing Limited (CDSC) informed that more than Rs 47.1 million was collected from short-term investors and more than Rs 51.1 million from long-term investors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Investors in the securities market have been paying capital gains tax based on weighted average cost. The government has been collecting up to 10 per cent capital gains tax from the profits earned by investors in the secondary market. Ten per cent capital gains tax is collected from institutional investors in the securities market and 7.5 per cent from individual investors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Among the individuals, the government collects tax by considering those who hold shares for more than 1 year as long-term investors and those who hold shares for less than 1 year as short-term investors. Short-term investors have to pay 7.5% capital gains tax and long-term investors have to pay 5% capital gains tax.</span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif"">Based on the fact that long-term investors paid more capital gains tax for the last 2 months, investors who have been in a wait-and-see state of mind for the past 1 year have estimated that profits have increased.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16159', 'image' => '20221130030455_share.jpg', 'article_date' => '2022-11-30 15:04:08', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '16417', 'article_category_id' => '1', 'title' => 'Birgunj Customs Office Fails to Meet Revenue Collection Target ', 'sub_title' => '', 'summary' => 'November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: Revenue collection from Birgunj Customs Office is in the decreasing trend in the first quarter of the current fiscal year. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Revenue collection of the country’s major customs office was 85 percent of the target in the first month (mid-July to mid-August) of the current fiscal year while it struggled to meet the target, which dropped to 60 percent in the fourth month (mid-October to mid-November)</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The office collected Rs 12.99 billion against the target of Rs 15.2 billion in mid-July to mid-August. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-August to mid-September, Rs 14.14 billion was collected despite its target of Rs 19.29 billion, Information Officer of Birgunj Customs Office Sumit Gupta said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, revenue collection from Birgunj customs point remained short of Rs 9.38 billion in mid-September to mid-October. In the third month of the current fiscal year, the office had set a target to collect Rs 21.88 billion but it collected just Rs 12.49 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In mid-October to mid-November, the office achieved just 60 per cent of its target collecting Rs 12.92 billion against the target of Rs 21.65 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer Gupta said that the government’s decision to ban imports of 10 goods that contribute the most to the revenue collection led to a decline in revenue collection. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Compared to the last fiscal year, revenue collection from the import of petroleum products has decreased by 74 per cent and 69 per cent from the import of vehicles. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16158', 'image' => '20221130124841_1669790259.jpg', 'article_date' => '2022-11-30 12:48:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '16416', 'article_category_id' => '1', 'title' => 'FNCCI Warns Economy Heading Towards Disaster', 'sub_title' => 'Private Sector Seeks Cooperation from All to Bail Out the Troubled Economy', 'summary' => 'November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: The Federation of Nepalese Chamber of Commerce and Industries (FNCCI) has warned that the economy is heading towards crisis and has urged all stakeholders to work together to prevent a catastrophe. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Organising a press conference on Tuesday, the umbrella body of private orgagnisation said that it will announce protest programmes if the government does not revise its programmes to support the private sector.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">It may be noted that the nationwide protests of industrialists and entrepreneurs were put off upon the request of FNCCI citing the general election on November 20. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the press meet, FNCCI President Shekhar Golchha said that the revenue collection of the government is not enough even to meet the general expenses. Ho noted that inflation was all-time high compared to the last six years while the slowdown of business activities has resulted in multi-dimensional problems in the economy.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Golchha said that the private sector was hopeful that the first-quarterly review of the monetary policy would address the problems of the economy, but that did not happen. As a result, the FNCCI concluded that the economy would be heading towards a disaster. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“At present, the government, private sector and the general public all have been negatively affected. The economic indicators are dismal. If we do not take the situation seriously, the economy will head towards a disaster,” warned Golchha, adding, “If the production and supply chain becomes regular, it will ensure government’s revenue collection and job security of the general public and bring inflation under control in course of time.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">However, the rise in prices of petroleum products in the international market and the lack of maturity on part of the regulatory bodies have resulted in the current crisis, added Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">He further said that the current crisis is the result of failure of regulators to handle the post-Covid situation. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“The situation was hopeful after the pandemic. The economic indicators had shown improvements. The financial sector was in need of loan. The demand for loan in real estate, capital market and productive sector increased. The demand increased but the production remained low. In such a situation, it was obvious that imports would rise,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to him, the credit flow of banks was five times higher than deposit collection in the first five months of the last fiscal year. “Banks invested Rs 450 billion during the review period. Foreign exchange reserves declined by 17 percent. As the regulators tried to control credit flow and foreign exchange reserves at once, credit flow declined to Rs 60 billion in the last eight months. If the government had been cautious to prevent massive credit flow, it would not have been necessary to adopt strict measures now,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A survey conducted by the FNCCI has revealed that the production capacity of industries as well as business activities have slumped. As a result, revenue collection of government has also declined. According to the survey report, revenue collection declined by 19 percent in the first three months of the current fiscal year. The current expenses of the government was more than revenue collection by Rs 17 billion, said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“If the expenses remain high and the revenue collection is dismal, we might have to take foreign loans to pay the salary of civil servants. It is the general public that has to bear the burden of that loan ultimately,” said Golchha.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The FNCCI argued that although the Nepal Rastra Bank claims inflation has reached 8.5 percent, the actual inflation has already reached double digits. It has negatively affected the purchasing power of the consumers, added the FNCCI. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16157', 'image' => '20221130123947_ecomonic crisis.jpg', 'article_date' => '2022-11-30 12:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '16414', 'article_category_id' => '1', 'title' => 'DDA Warns against Using Drugs Containing Ethylene Glycol and Diethylene Glycol ', 'sub_title' => '', 'summary' => 'November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Department of Drug Administration (DDA) has cautioned the drug manufacturers and dealers not to sell and distribute pediatric drugs having chemical compounds such as Ethylene Glycol and Diethylene Glycol. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the state-owned national news agency RSS, DDA's Senior Drug Manager Santosh KC issued a statement on Tuesday and warned the consumers towards possible mix-up of such hazardous chemicals in some liquid medicines used for children. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the DDA, the World Health Organization (WHO)'s report has also noted that the use of medicines having Ethylene Glycol and Diethylene Glycol in different countries, including Zambia and Indonesia, has had serious effect on their kidneys of children and also caused death in some cases. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the statement, the department has made it clear that the medicines such as Promethazine Oral Solution, Kofexmalin Baby Cough Syrup, My Cough Baby Cough Syrup and Magrip and Cold Syrup produced by Haryana-based Miden Pharmaceuticals Limited containing such hazardous substance have not been registered in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The department has also instructed the drug manufacturing companies to ensure that they do not mix-up of such harmful chemical elements in the drugs manufactured and sold in Nepal, added RSS. </span></span></span></p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16156', 'image' => '20221130104807_2488239109.jpg', 'article_date' => '2022-11-30 10:47:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '16415', 'article_category_id' => '1', 'title' => 'Rashford Inspires England to a 3-0 Victory over Wales', 'sub_title' => 'Group B Winners England Next Face Senegal on Sunday', 'summary' => 'November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.', 'content' => '<p><span style="font-size:18px">AGENCIES</span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 30: Marcus Rashford inspired England to a 3-0 victory over Wales on Tuesday as the Three Lions topped Group B and also ended a bitterly disappointing World Cup campaign of Wales.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Reuters, Wales could also have reached the last 16 with a victory if the match between Iran and the United States ended level, but any hope of that scenario unfolding evaporated rapidly once Rashford smashed home a curling free kick five minutes after the break following a foul on Phil Foden by Ethan Ampadu.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">A minute later, Foden made it 2-0 as Wales carelessly lost possession and Harry Kane crossed low for the Manchester City player to convert from close range, added the news agency.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Rashford then made it 3-0 with a surging run in from the right before shooting through a crowd and past Danny Ward's legs in the 68th minute.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the BBC, England top Group B with seven points, two points ahead of the United States who set up a last-16 meeting with the Netherlands by beating Iran 1-0 in their grudge match, while Wales finished bottom of the table with a point.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">England next face Group A runners-up Senegal on Sunday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-30', 'modified' => '2022-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '16155', 'image' => '20221130111344_Declan-Rice-Marcus-Rashford-John-Stones-England-celebrate.jpg', 'article_date' => '2022-11-30 11:12:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '16413', 'article_category_id' => '1', 'title' => 'NIBL, Mega Endorse Final Agreement for Merger ', 'sub_title' => '', 'summary' => 'Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nov 29: Nepal Investment Bank Limited (NIBL) and Mega Bank have signed a final draft of Memorandum of Understanding (MoU) for a merger. A meeting of the Board of Directors of both the banks have endorsed the document and exchanged it, paving the way for merging the institutions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the deadline set by the Nepal Rastra Bank (NRB), the banks can go for merger till January 6, 2023 to receive benefits announced by the central bank. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">According to merger committee member Gopal Khanal, who is also a member of the Board of Directors of Mega Bank, they plan to merge and launch integrated transactions within the deadline given by the central bank. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The banks signed a preliminary merger agreement with a swap ratio of 100: 90 on June 10. One unit of share of the NIBL will be equivalent to 0.90 of Mega Bank. NIBL’s paid-up capital is Rs18.31 billion while that of Mega Bank is Rs16.2 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif""> Following the merger, the new entity is to be named Nepal Investment Mega Bank and Prithvi Bahadur Pande will be its chair and Jyoti Pandey the Chief Executive Officer. -- RSS </span></span></span><br /> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16154', 'image' => '20221129052420_20220713054958_merger.jpg', 'article_date' => '2022-11-29 17:23:35', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '16412', 'article_category_id' => '1', 'title' => 'Central Bank Reduces Limit on Dividends to Be Issued by Microfinance Companies', 'sub_title' => '', 'summary' => 'November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Rastra Bank (NRB) has reduced the limit on issuing dividends by microfinance companies.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Issuing the Unified Directives on Monday, the central bank has made arrangements for microfinance companies to issue dividends up to 30 percent of the paid-up capital</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">If the microfinance companies are to distribute dividends of more than 20 percent, the NRB has instructed those companies to maintain at least 50 percent of the dividend amount in their reserve funds.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The dividend could be both cash or bonus shares.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">Two years ago, the central bank had issued a directive allowing microfinance companies to distribute cash dividends of only up to 30 percent of their net distributable profits citing Covid-19 crisis.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The microfinance companies were permitted to distribute cash dividends not exceeding the weighted interest rates on their deposits.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">As per the same directive, microfinance companies were not allowed to issue cash dividends if the net distributable profit is less than 5 percent of the paid-up capital.</span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif"">The central bank took such measures after the microfinance companies, whose primary objective is to serve the poor and marginalized people, were criticized for making excessive profit.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16153', 'image' => '20221129032953_dividend.jpg', 'article_date' => '2022-11-29 15:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '16411', 'article_category_id' => '1', 'title' => 'NEA to Expand Transmission Lines in Madhes Province to Increase Electricity Consumption', 'sub_title' => '', 'summary' => 'November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">November 29: Nepal Electricity Authority (NEA) is preparing to expand the network of transmission lines with the objective of increasing consumption of electricity in Madhes Province to 4,000 Megawatts (MW).</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The state-owned power utility aims to increase electricity consumption in human settlements and industrial corridors in southern belts of the Terai including Bara, Parsa, Rautahat, Mahottari and Dhanusha. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">For this purpose, the NEA is planning to construct four high-powered transmission lines and sub stations along the Postal Highway by 2050.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As per the plan, the NEA will construct four-circuit transmission lines and substations alongside the Postal Highway that lies near the Nepal-India border. While two upper circuit lines will be of 400 kV, the other two on the lower level will have a capacity of 132 kV. Substations will be built to maintain smooth electricity supply in local areas.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to NEA’s Managing Director Kulman Ghising, 3,200 MW electricity will be supplied to Bara-Parsa Industrial Corridor of Birgunj and the remaining 800 MW will be made available in the Janakpur area. This will help in urban development as well as industrial development, added Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">It will also ensure supply of good quality of electricity, according to Ghising.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The construction of transmission lines and substations will cost over Rs 50 billion. According to Ghising, the funds will be managed from state coffers as well as investment of NEA, loans from EXIM Bank of India and concessional loans from the Asian Development Bank. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In this regard, a team of high-ranking officials of NEA led by Managing Director Ghising along with the donor agencies carried out an onsite visit of the proposed construction sites on Saturday and Sunday, according to the NEA. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the occasion, Ghising said that the NEA is making a phase-wise plan to increase domestic consumption of electricity first and then to export surplus electricity.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16152', 'image' => '20221129014012_electricity.jpg', 'article_date' => '2022-11-29 13:39:37', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '16410', 'article_category_id' => '1', 'title' => 'EC Directs Candidates to Submit Election Expenditures within 35 Days ', 'sub_title' => '', 'summary' => 'November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Election Commission (EC) has reminded political parties and poll candidates participating in the general elections on November 20 to submit details of their election expenditures within 35 days of the announcement of the poll results. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The details of election expenditures under the first-past-the-post system should be submitted to the respective province and the district election office in line with the Member of the House of Representatives and the Province Assembly Election Directives, 2079. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The candidates should mention details of their bank accounts and the responsible persons who have been tasked with looking after the election expenditures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, under the proportional representation system, details of the election expenditures should be submitted within 35 days of the completion of the voting as per the Member of the House of Representatives Proportional Election Directives, 2079 (34), and the Member of the Province Assembly Proportional Election Directives, 2079 (36). -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2022-11-29', 'modified' => '2022-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '16151', 'image' => '20221129125836_Election_Commission.2e16d0ba.fill-650x500.jpg', 'article_date' => '2022-11-29 12:57:53', '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
