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Code Context
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		'Article' => array(
			'id' => '10857',
			'article_category_id' => '1',
			'title' => 'Nepal-India Railway Service Agreement to be reviewed  ',
			'sub_title' => '',
			'summary' => 'June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.',
			'content' => '<p>
	June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.</p>
<p>
	An eleven member team led by Joint Secretary Nawaraj Dhakal of the Ministry of Industry, Commerce and Supplies reached New Delhi on June 5, Wednesday to review the agreement.</p>
<p>
	A meeting of the council of ministers held a week ago formed the eleven-member delegation under the leadership of Dhakal to attend the meeting in New Delhi for reviewing the agreement.</p>
<p>
	Nepal had signed the railway service agreement with India back in 2004.&nbsp; According to current railway agreement, containers carrying goods from Kolkata Port have access to Birgunj border point.</p>
<p>
	Kedar Bahadur Adhikari, secretary at the Ministry of Industry, Commerce and Supplies informed New Business Age that the delegation will also discuss the access other border points of Nepal to the sea ports of India.</p>
<p>
	The delegates of both the countries will mainly focus on Nepal-India railway connectivity during the meeting, he added.</p>
<p>
	&nbsp;&ldquo;Finally, the two countries have agreed to discussed about reviewing the railway agreement. Our delegation is in New Delhi for discussions with the Indian side. Probably, some major decision of the meeting will be released by Friday, June 7,&rdquo; Adhikari added.</p>
<p>
	Expansion of the connectivity in other border points will help Nepal increase its export and ease the import of goods.</p>
<p>
	According to the ministry, the meeting will also discuss about the operation of Janakpur-Jaynagar railway.</p>
<p>
	The government has already signed a purchase agreement with India for buying railway for Janakpur-Jaynagar route.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;&nbsp; &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
			'modified' => '2019-06-07',
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			'description' => '',
			'sortorder' => '10607',
			'image' => '20190607013624_20190512041641_vector.jpg',
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			'id' => '10856',
			'article_category_id' => '1',
			'title' => 'Shipping Company Slashes Transportation Cost from Kolkata Port to Nepal',
			'sub_title' => '',
			'summary' => 'June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas.',
			'content' => '<p>
	June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas. The cost has been reduced for the &lsquo;direct transshipment&rsquo; of goods which was implemented some time ago with an aim to make foreign trade more competitive.</p>
<p>
	Nepal&rsquo;s Consul General to India Ek Narayan Aryal informed New Business Age that Kolkata-based shipping company CMA CGM has lowered the cost of direct transshipment of the goods to Nepal. According to him, Nepali importers will now have to pay IRs 8,000 to IRs 10,000 less for each container carrying goods from Kolkata&rsquo;s port to the border of Nepal.</p>
<p>
	Likewise, the cost for transshipment of goods from Visakhapatnam port has also been revised.</p>
<p>
	The importers said that it used to costs them more than Rs 40,000 for transporting a container to Birgunj Dry Port from Kolkota.&nbsp;</p>
<p>
	The reduction in transportation charge has been a relief to the Nepali importers who had to bear extra cost ever since the introduction of direct transshipment system, which was initiated for reducing shipping expenses. But the expenses had grown instead.</p>
<p>
	Aryal said that the decrease in transportation cost will increase competition among shipping companies. He said, &ldquo;This is just a beginning of lowering of the transportation cost. Now other companies will also start to decrease the transportation cost.&rdquo;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
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			'sortorder' => '10606',
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			'id' => '10853',
			'article_category_id' => '1',
			'title' => 'DoTM Issues Directive to Register Electric Scooters',
			'sub_title' => '',
			'summary' => 'June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. ',
			'content' => '<p>
	June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. As per the instruction of the department, the Metropolitan Traffic Police Division on Thursday directed all the distributors of electric scooters to compulsorily register the vehicles they sell.</p>
<p>
	The DoTM had instructed the traffic police office on June 3 to take action against the electric vehicles operating with getting registered with the government body.</p>
<p>
	The department has ordered the traffic police to fine the violators Rs 1000 to Rs 5000 as per the Transportation Act 2049.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10605',
			'image' => '20190607115736_electric car_auto mobiles (17).jpg',
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			'id' => '10854',
			'article_category_id' => '1',
			'title' => 'Jomsom Airport to Remain Closed for 15 Days',
			'sub_title' => 'Tara Air to Discontinue Flights to Jomsom',
			'summary' => 'June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. ',
			'content' => '<p>
	June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. The Civil Aviation Authority of Nepal (CAAN) has decided to shut the airport for repair and maintenance.</p>
<p>
	Trilochan Poudel, deputy director at CAAN, informed New Business Age that they have finished leveling the ground around the runway but the blacktopping of the runway is yet to finish.</p>
<p>
	Due to the closure of the airport, private airlines have decided to discontinue flights to Jomsom.</p>
<p>
	Tara Air, a subsidiary of Yeti Airlines, will stop Pokhara-Jomsom flights from June 8 to 22. Yeti Airlines has issued a public notice informing that the flights to Jomsom will discontinue for some time.</p>
<p>
	Tara Air has been operating Pokhara-Jomsom flights with its 19-seater Dornier Do-228 and Twin Otter DHC 6-300/400. The company said it operates regular 10 flights per day in the route. Tara Air has been operating flights to mountainous and hilly regions. Jomsom is one of the 14 destinations of Tara Air.</p>
<p>
	&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '10604',
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			'article_date' => '2019-06-07 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '10852',
			'article_category_id' => '1',
			'title' => 'Investment in Human Capital can Help Propel Nepal to Middle Income Status',
			'sub_title' => 'Growth Projected to Average 6.5 Percent in the Medium Term',
			'summary' => '',
			'content' => '<p>
	June 6: Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, says the latest report of the World Bank unveiled during the second day of the Human Capital Forum held in Kathmandu on Thursday, June 6.</p>
<p>
	According to the World Bank&rsquo;s Nepal Development Update, investing in human resources could help propel Nepal toward its goal of middle-income country by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth.</p>
<p>
	The report presents a hopeful picture for Nepal in the FY2019/20. The country&rsquo;s economic growth is estimated to reach 7.1 percent, driven by the service and agriculture sectors, reads a press statement issued by the World Bank.</p>
<p>
	The statement says that the service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restaurant subsectors, driven by an increase in tourist arrivals and remittance-fueled private consumption. Likewise, good monsoon, increased commercialization, availability of fertilizers and seeds, and improved irrigation facilities have supported growth in the agriculture sector. The improved power availability from increased electricity generation is expected to support higher growth in industry.</p>
<p>
	&ldquo;Investing in people so that all citizens of Nepal are able to achieve full education and health to perform at their full potential will be critical, in order to sustain the recent high levels of growth and increase competitiveness,&rdquo; said Dr Kene Ezemenari, World Bank&rsquo;s senior economist and author of the report adding, &ldquo;This will require reducing inequities in access to services, improving the quality of services and minimizing household vulnerabilities to shocks.&rdquo;</p>
<p>
	The report notes that investing in people and building human capital are critical if Nepal is to accelerate its growth and rapidly reduce poverty. Human capital investments raise individual earnings potential, which in turn contributes to aggregate economic growth.</p>
<p>
	&ldquo;One additional year of schooling in Nepal can raise an individual&rsquo;s earnings by 8 to 10 percent. Undernutrition reduces learning potential and productivity and can reduce GDP by as much as 11 percent. Investing in psychosocial stimulation during a child&rsquo;s early years can raise his or her adult income by up to 25 percent,&rdquo; reads the statement.</p>
<p>
	The report highlights the need for more exports if Nepal is to sustain the recent high levels of economic growth. Over the medium term, the report projects GDP will grow at 6.5 percent on average, driven by private investment and consumption. Inflation is expected to pick up slightly but will remain below 5 percent during the forecast period assuming stable agricultural production, regular supply of electricity, and low inflation in India.</p>
<p>
	Similarly, Minister for Finance, Dr Yuba Raj Khatiwada also shared, &ldquo;Our utmost priority remains the development of our children and youth &ndash; we need to scope up and maintain sustainable investments in the younger generation to ensure they remain productive and competitive with the global workforce.&rdquo; He said that the government has initiated a number of reforms and policies to strengthen the investment and business environment and attract foreign investment. Dr Khatiwada also said, &ldquo;The recently released budget has also been carefully designed to ensure an enhancement of education, health and drinking water sectors and creation of job opportunities in the country to ensure people&rsquo;s fundamental rights.&rdquo;</p>
<p>
	&nbsp;</p>
<p align="left">
	&nbsp;</p>
',
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			'sortorder' => '10603',
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		'Article' => array(
			'id' => '10850',
			'article_category_id' => '1',
			'title' => 'Limestone in Abundance, but lacks Market ',
			'sub_title' => '',
			'summary' => 'June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.',
			'content' => '<p>
	June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.</p>
<p>
	The department estimates that a total of 1.50 billion tons of limestone is in the reserves, while it has already ascertained the presence of 750 million tons of limestone in the country. Clinker &ndash; one of the major components of cement &ndash; is made from limestone.</p>
<p>
	Currently, majority of cement industries utilise clinker produced within the country. The department has given license to Hetauda Cement, Udayapur Cement, Cosmos Cement and Bhugarbha Cement to extract limestone from nine mines which were discovered recently.</p>
<p>
	Meanwhile, Dhurba Thapa, president at Nepal Cement Producers&rsquo; Association, said that investment in the clinker industries is under risk due to the lack of international market for the raw material produced in Nepal.</p>
<p>
	Likewise, Pashupati Murarka, promoter of Argakhachi Cement, said that the production of clinker within the country is overwhelming, but the supply is more than the demand. He further said that there should be further investment in the sector only if there is possibility of export from the country.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10602',
			'image' => '20190606033958_ImageForArticle_1236(1).jpg',
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		'Article' => array(
			'id' => '10851',
			'article_category_id' => '1',
			'title' => 'More than 100 billion allocated for National Pride Projects',
			'sub_title' => '',
			'summary' => 'June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. ',
			'content' => '<p>
	June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. The government had allocated Rs 92 billion for such big projects for the current fiscal year &nbsp;but has increased the budget for the new FY.</p>
<p>
	The budget will be invested for the construction of the 19 projects that have been included in national Pride Project list.</p>
<p>
	According to the Ministry of Finance, the government has allocated Rs 13.57 billion for the 1200 MW Budhigandaki Hydropower Project in the upcoming fiscal year which will be used for land acquisition. Likewise, Rs 1.49 billion has been allocated for Babai Irrigation Project.</p>
<p>
	Government had allocated Rs 1.49 billion for Sikta Irrigation Project in the current fiscal year which has been increased to Rs 1.52 billion. This project was almost ready but the main canal collapsed during testing phase last year.</p>
<p>
	Further, the government has set aside Rs 2.42 billion budget for Rani Jamara Kulariya Irrigation project. In the current fiscal year, government had separated Rs 6 billion for Bheri Babai Diversion Project which has now been decreased to Rs 4.20 billion for the coming fiscal year.</p>
<p>
	For Melamchi Water Supply Project, which came to a halt &nbsp;in the final phase, the government has allocated Rs 7.38 billion for the upcoming fiscal year. Likewise, for the Upper Tamakoshi Project, the government has separated Rs 1.85 billion in the upcoming fiscal year. The project is expected&nbsp; to be complete by December this year.</p>
<p>
	The government has allocated Rs 350 million and Rs 1 billion for Pashupati Area Development Trust and Lumbini Development Trust respectively. Likewise, Rs 3.33 billion has been separated for South Asia Tourism Infrastructure Development Project.</p>
<p>
	Similarly, Pokhara Regional Airport and Nijgad International Airport will be getting Rs 8 billion and Rs 1.50 billion respectively. The government has allocated Rs 12.19 billion for the completion of Puspalal Highway, and Rs 5 billion for the East-West Highway.</p>
<p>
	The Kathmandu-Tarai Fast Track will receive Rs 15 billion while the government has separated Rs 7.69 billion for train, monorail, and metro rail.</p>
<p>
	In the current fiscal year, only 34.5 percent of budget that was allocated for the National Pride Projects was spent showing disappointing progress in the projects.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '10601',
			'image' => '20190606035628_20181228025423_aaaa 2.jpg',
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	(int) 7 => array(
		'Article' => array(
			'id' => '10849',
			'article_category_id' => '1',
			'title' => 'Surya Nepal’s Tax Dispute Drags on for 12 Years at Supreme Court',
			'sub_title' => '',
			'summary' => 'June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. ',
			'content' => '<p>
	June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. A case filed at the apex court on September 11, 2007 is still undecided as other disputes surfaced later on. Records at the SC show that a total of 12 disputes are under discussion at the court. The last of the tax-related disputes was filed on February 4, 2010.</p>
<p>
	Altogether 39 hearings were held for the case in the last 12 years but each of the time the court could not issue any verdict due to various reasons. Sometimes, the hearing was handed to justices who could not look into the case while at other times the justices could not issue any verdict due to lack of time.</p>
<p>
	During 19 instances, the justices could not issue any verdict due to lack of time while 17 times the justices could not look into the case. The hearing could not take place once while the SC issued a verdict only one time.</p>
<p>
	Surya Nepal was dragged into court by the Ministry of Finance and the Department of Revenue Investigation and the Large Taxpayers&rsquo; Office. It is said that the company owes millions of rupees in dues to the government.</p>
<p>
	&ldquo;It is quite surprising that that the Supreme Court has failed to issue the final verdict against Surya Nepal even in such a long period,&rdquo; said a court official on condition of anonymity.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'sortorder' => '10600',
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		'Article' => array(
			'id' => '10848',
			'article_category_id' => '1',
			'title' => 'Rich Copper Mine of Myagdi Remains Unearthed for Decades',
			'sub_title' => '',
			'summary' => 'June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.',
			'content' => '<p>
	June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.</p>
<p>
	The copper mine used to be extracted regularly from 1961 to 1985 but the extraction came to a halt after than due to the hike in tax by the then government.</p>
<p>
	Before 1985, around 200 workers were employed at the mine. Every day, they used to extract around 20 kg of copper, according to chairman of Malika Rural Municipality ward-4 Dilip Sherchan, who was a village chieftan back during the Panchayat era.</p>
<p>
	Sherchan recalls that the copper extracted from the mine used to be sold for Rs 150 for 2.5 kg about three decades ago.</p>
<p>
	Sherchan further said that an examination of the mine by a team from India about five decades ago had revealed that there were possibilities of gold in the mine. Four years later, late king Birendra Shah had visited the mine and ordered to run the mine in a properly managed way.</p>
<p>
	The mine which was running smoothly until 1985 stopped operation after the government increased the tax. Failure to pay the tax, lack of technical experts and equipment resulted in the closure of the mine.</p>
<p>
	At that time, the current ward chair Sherchan had obtained the license to extract the metal.</p>
<p>
	According to 83-year-old Dil Prasad Ghartimagar, there are two sources of copper in the mine. Each of the areas where the copper is accumulated is around 300 square meters.</p>
<p>
	After being elected in the local polls of 2017, Sherchan took the recommendations from the local unit and requested the Department of Mines in Kathmandu for operating the mine but in vain. He says he made five futile attempts to reopen the mine but the Kathmandu-based government authority did not allow to do so.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10599',
			'image' => '20190606013911_tamakhani2.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '10843',
			'article_category_id' => '1',
			'title' => 'New Parking Bay at TIA Expected to Ease Air Traffic Congestion',
			'sub_title' => '',
			'summary' => 'June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. ',
			'content' => '<p>
	June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. Likewise, the airport will operate another bay currently under construction within the next four months.&nbsp; &nbsp;</p>
<p>
	Civil Aviation Authority of Nepal (CAAN) has invested Rs 1.06 billion from the Airport Development Fund (ADF) for constructing the two new remote parking bays at the airport. The newly built bay is located in the northern side of the airport while the under construction bay lies to the southern part. Both the bays are capable of accommodating both small and large-sized aircraft.</p>
<p>
	According to TIA officials, the construction of remote parking bays is a part of TIA expansion plan.&nbsp;</p>
<p>
	Raj Kumar Chhetri, managing director of TIA, informed New Business Age that Boeing 757 of Nepal Airlines Corporation is currently parked at the new bay.&nbsp;&nbsp;</p>
<p>
	The bay can accommodate two wide-body or three narrow-body aircraft at a time.</p>
<p>
	Rajan Pokhrel, managing director of CAAN, informed that the operation of both the remote parking bays will ease the parking space problem at TIA.</p>
<p>
	&ldquo;TIA currently has only nine parking bays for international flight operators which are usually packed. Due to the increasing flight traffic, many flights have to hover over the city most of the time. The operation of two new remote parking bays will help ease the air traffic congestion at the airport,&rdquo; Pokhrel added.&nbsp;</p>
<p>
	According to Chhetri, CAAN has invested Rs 470 million for constructing the bay situated in the north-eastern part of the airport. Likewise, Rs 590 as been projected to be spent for the construction of the other bay situated in the southern part of TIA.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
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	(int) 10 => array(
		'Article' => array(
			'id' => '10842',
			'article_category_id' => '1',
			'title' => ''Human Capital Development a Key to Economic Growth'',
			'sub_title' => '',
			'summary' => 'June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and  educated human resources for sustainable economic growth and development of the country. ',
			'content' => '<p>
	June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and &nbsp;educated human resources for sustainable economic growth and development of the country. Finance Minister Khatiwada made such remarks during the inaugural ceremony of Bhutan-Nepal Human Capital Forum that began in the capital on Wednesday, June 5.</p>
<p>
	The two-day conference organised by the World Bank is being participated by high-level delegates from Nepal and Bhutan to devise strategies for investing more and better on human capital.</p>
<p>
	Addressing the event, Finance Minister Khatiwada said, &ldquo;A country is comprised of the collective strength of its people. When they are highly educated, healthy, skilled, and motivated, a thriving workforce can drive the country&rsquo;s growth and development. The government has accordingly prioritized education, health and drinking water while allocating budget for the next fiscal year. We will continue to work with all stakeholders to invest in people and ensure the creation and empowerment of a globally competitive population for the 21<sup>st</sup> century.&rdquo;</p>
<p>
	Nepal scored 0.49 out of the maximum possible score of one, in the Human Capital Index released by the World Bank in October 2018. This means that a child born today in Nepal will be only 49 per cent as productive when he or she grows up, as he or she could be if he or she enjoyed complete education and full health.</p>
<p>
	&ldquo;Although Nepal secured the second spot among its South Asian peers and did better than average for its region, more than half the potential is yet to be realised. It still needs to invest effectively and efficiently on access to quality health services, nutrition, education, employment skills and others to realize its potential,&rdquo; the World Bank said in a press statement.</p>
<p>
	Bhutan&rsquo;s Finance Secretary Dasho Nim Dorji, who led the Bhutanese delegation to Nepal, expressed the importance of enhancing human capital. &ldquo;As one of the early adopters of the World Bank&rsquo;s Human Capital Project, Bhutan remains committed to improve the level and quality of investment in our people,&rdquo; he said, &ldquo;For us, reduction of inequality across the region and access to quality services has always been a high priority,&rdquo; he added.</p>
<p>
	Bhutan performs better than its neighbors in stunting rates, according to the World Bank report. &ldquo;However, one out of five Bhutanese remain stunted. While Bhutan&rsquo;s adult survival rate is relatively satisfactory, the country needs to invest more in health services and access,&rdquo; states the report.</p>
<p>
	Speaking on the occasion, Faris Hadad-Zervos, country manager of World Bank for Nepal, said, &ldquo;Investing in the early years is one of the smartest investments a country can make to break the cycle of poverty, address inequality, and boost productivity later in life. There is an urgent need to allocate resources for the physical, cognitive, and emotional development of children to ensure future productivity of individuals and increase economic competitiveness of nations.&rdquo;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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		'Article' => array(
			'id' => '10841',
			'article_category_id' => '1',
			'title' => 'Insurance Coverage for Lemon and Orange Farming',
			'sub_title' => '',
			'summary' => 'June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. ',
			'content' => '<p>
	June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. The drafts have been approved by the Board of Directors of IBN. Deputy Director of the board, Kundan Sapkota, informed New Business Age that the insurance coverage will come into effect once the board issues a circular to the insurance companies regarding this decision. He added that the farmers can now on purchase insurance policy for their products (fruits) as well as plants.</p>
<p>
	The insurance will cover the losses caused by fire, lightening, earthquakes, floods, accidents and loss due to pests and diseases.</p>
<p>
	Farmers can also avail accidental death insurance worth Rs 200,000 under this. However, the insurance will not cover casualties of war, encroachment, and loss of farming due to civil war. Likewise, loss due to the negligence of the farmer and their family will not be compensated.</p>
<p>
	The insurance amount will be determined on the basis of the number and price of plants (orange, lemon), production rate. The insurance amount should be certified by agriculture knowledge center of the district or government office related to agriculture.</p>
<p>
	The farmers will have to submit the 5 percent insurance premium of the insured amount. Similarly, Rs 100 should be paid yearly for accidental death insurance.</p>
<p>
	In order to avail the insurance coverage, the plants should have to be planted between May 29 to August 31. After a year of plantation, farmers will be able to claim the insurance. The insurance coverage will remain valid as long as the plants bear fruits.</p>
<p>
	To claim the insurance, farmers will have to inform the insurance company about the loss within 24 hours and they should make a formal approach to make the claim within a week.</p>
<p>
	According to the insurance policy, farmers can claim the insurance if the loss is more than five percent. The company will pay up to 90 percent of the actual damage.</p>
<p>
	<br />
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10592',
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			'article_date' => '2019-06-05 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '10840',
			'article_category_id' => '1',
			'title' => 'Government Allocates Rs 40.73 Billion for Urban Development',
			'sub_title' => '',
			'summary' => 'June 5: The government has once again included the concept of “smart city” in the budget just like in the past.',
			'content' => '<p>
	June 5: The government has once again included the concept of &ldquo;smart city&rdquo; in the budget just like in the past. The proposal of developing smart cities was limited to slogan in the current fiscal year.</p>
<p>
	The government has allocated Rs 40.73 billion under the head of urban infrastructure for the upcoming fiscal year. The budget also mentions about conducting feasibility studies for developing mega cities and smart cities under the same head.</p>
<p>
	The Integrated Urban Infrastructure Development Master Plan introduced last year has got continuity even in the current FY.</p>
<p>
	The government will now conduct feasibility studies to develop fast growing cities like Kathmandu, Biratnagar, Itahari, Birgunj, Jitpur (Simara), Pokhara, Siddharthanagar, Kohalpur, Attariya into mega cities.</p>
<p>
	The budget also states that the government will prepare a master plan to develop all 185 municipalities across the country into well-managed cities.</p>
<p>
	The government has allocated Rs 1.98 billion to develop 27 modern cities in suitable places along the Mid-Hill Highway.</p>
<p>
	The budget has also mentioned of plans to properly managing the natural resources, river corridors, roads, transportation, sewage, garbage as well as heritage sites of the Kathmandu Valley in the upcoming fiscal year.</p>
<p>
	The government also plans to properly manage the footpaths of the capital city in order to reduce dust pollution.</p>
',
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			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10591',
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		'Article' => array(
			'id' => '10835',
			'article_category_id' => '1',
			'title' => 'ISPAN to Hike Internet Charges',
			'sub_title' => '',
			'summary' => 'June 5: The Internet Service Providers’ Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.',
			'content' => '<p>
	June 5: The Internet Service Providers&rsquo; Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.</p>
<p>
	The government, in the budget speech for the next fiscal year, announced to hike the taxes on internet service providers. As a result, the internet service providers have decided to increase 20 percent charges on internet service effective from the next fiscal.</p>
<p>
	The government has made it mandatory for the service providers to pay 13 percent VAT and 13 percent telecommunication service charge (TSC) from the next fiscal. Until a year ago, the government used to levy only 11 percent tax on the service providers. But in July last year, the government decided to increase the TSC from 11 percent to 13 percent following which the ISPs decided to increase the service charger.</p>
<p>
	But the government later reached an agreement with internet service providers to not hike internet prices for the consumers.</p>
<p>
	Back then, the ISPs had agreed to adjust the price internally so that the customers would not have to bear the burden of tax.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10586',
			'image' => '20190605124604_internet (2).jpg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '10834',
			'article_category_id' => '1',
			'title' => 'Government’s Decision to Hike Tax Threatens Domestic Food Industries',
			'sub_title' => '',
			'summary' => 'June 5: The government’s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.',
			'content' => '<p>
	June 5: The government&rsquo;s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.</p>
<p>
	Birgunj-based Bidhya Food Products has stopped production following the irrational decision of the government. The company stopped operation a day after the government unveiled the budget for the upcoming fiscal year 2019/20, says proprietor of the company Ganesh Prasad Lath.</p>
<p>
	Besides imposing VAT, the government has also decided to charge agriculture reform fee on soybean skin imported from India.</p>
<p>
	&ldquo;Now, we cannot compete with readymade soybean nuggets coming from India,&rdquo; says Lath, adding, &ldquo;We were left with no option than to close the industry as it is impossible to compete with Indian products now.&rdquo;</p>
<p>
	Earlier, the soybean nuggets produced within the country were exempt from VAT. Meanwhile, the government has increased the customs duty on import of soybean skin under the head of agriculture reform fee from 5 percent to 8 percent.</p>
<p>
	The government has added a tax burden of 16 percent all of a sudden, complained Subodh Gupta, operator of Mohan Food Products.</p>
<p>
	He criticized the government saying that the people&rsquo;s elected government promised to protect the domestic industries but instead imposed VAT on a food product which is consumed by the poor. According to Gupta, who is also the president of &nbsp;Nepal Rice, Oil and Lentil Association, said that the imposition of VAT will ultimately affect the consumers. Therefore, he urged the government not to impose VAT of essential food products that are consumed by the poor.</p>
<p>
	Businessman Lath says that the annual transaction of soybean nuggets within the country is worth Rs 1 billion. According to the Birgunj Customs Office, Nepal has not imported soybean nuggets so far. However, local businessmen and entrepreneurs argue that the imposition of VAT and agriculture reform fee will result in import of soybean nuggets from India. Altogether 40 industries which had been producing soybean nuggets within the country are in risk of collapse.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Code Context
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$articles = array(
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		'Article' => array(
			'id' => '10857',
			'article_category_id' => '1',
			'title' => 'Nepal-India Railway Service Agreement to be reviewed  ',
			'sub_title' => '',
			'summary' => 'June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.',
			'content' => '<p>
	June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.</p>
<p>
	An eleven member team led by Joint Secretary Nawaraj Dhakal of the Ministry of Industry, Commerce and Supplies reached New Delhi on June 5, Wednesday to review the agreement.</p>
<p>
	A meeting of the council of ministers held a week ago formed the eleven-member delegation under the leadership of Dhakal to attend the meeting in New Delhi for reviewing the agreement.</p>
<p>
	Nepal had signed the railway service agreement with India back in 2004.&nbsp; According to current railway agreement, containers carrying goods from Kolkata Port have access to Birgunj border point.</p>
<p>
	Kedar Bahadur Adhikari, secretary at the Ministry of Industry, Commerce and Supplies informed New Business Age that the delegation will also discuss the access other border points of Nepal to the sea ports of India.</p>
<p>
	The delegates of both the countries will mainly focus on Nepal-India railway connectivity during the meeting, he added.</p>
<p>
	&nbsp;&ldquo;Finally, the two countries have agreed to discussed about reviewing the railway agreement. Our delegation is in New Delhi for discussions with the Indian side. Probably, some major decision of the meeting will be released by Friday, June 7,&rdquo; Adhikari added.</p>
<p>
	Expansion of the connectivity in other border points will help Nepal increase its export and ease the import of goods.</p>
<p>
	According to the ministry, the meeting will also discuss about the operation of Janakpur-Jaynagar railway.</p>
<p>
	The government has already signed a purchase agreement with India for buying railway for Janakpur-Jaynagar route.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;&nbsp; &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
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		'Article' => array(
			'id' => '10856',
			'article_category_id' => '1',
			'title' => 'Shipping Company Slashes Transportation Cost from Kolkata Port to Nepal',
			'sub_title' => '',
			'summary' => 'June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas.',
			'content' => '<p>
	June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas. The cost has been reduced for the &lsquo;direct transshipment&rsquo; of goods which was implemented some time ago with an aim to make foreign trade more competitive.</p>
<p>
	Nepal&rsquo;s Consul General to India Ek Narayan Aryal informed New Business Age that Kolkata-based shipping company CMA CGM has lowered the cost of direct transshipment of the goods to Nepal. According to him, Nepali importers will now have to pay IRs 8,000 to IRs 10,000 less for each container carrying goods from Kolkata&rsquo;s port to the border of Nepal.</p>
<p>
	Likewise, the cost for transshipment of goods from Visakhapatnam port has also been revised.</p>
<p>
	The importers said that it used to costs them more than Rs 40,000 for transporting a container to Birgunj Dry Port from Kolkota.&nbsp;</p>
<p>
	The reduction in transportation charge has been a relief to the Nepali importers who had to bear extra cost ever since the introduction of direct transshipment system, which was initiated for reducing shipping expenses. But the expenses had grown instead.</p>
<p>
	Aryal said that the decrease in transportation cost will increase competition among shipping companies. He said, &ldquo;This is just a beginning of lowering of the transportation cost. Now other companies will also start to decrease the transportation cost.&rdquo;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10606',
			'image' => '20190607012026_rail (2).jpg',
			'article_date' => '2019-06-07 00:00:00',
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			'id' => '10853',
			'article_category_id' => '1',
			'title' => 'DoTM Issues Directive to Register Electric Scooters',
			'sub_title' => '',
			'summary' => 'June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. ',
			'content' => '<p>
	June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. As per the instruction of the department, the Metropolitan Traffic Police Division on Thursday directed all the distributors of electric scooters to compulsorily register the vehicles they sell.</p>
<p>
	The DoTM had instructed the traffic police office on June 3 to take action against the electric vehicles operating with getting registered with the government body.</p>
<p>
	The department has ordered the traffic police to fine the violators Rs 1000 to Rs 5000 as per the Transportation Act 2049.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10605',
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			'id' => '10854',
			'article_category_id' => '1',
			'title' => 'Jomsom Airport to Remain Closed for 15 Days',
			'sub_title' => 'Tara Air to Discontinue Flights to Jomsom',
			'summary' => 'June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. ',
			'content' => '<p>
	June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. The Civil Aviation Authority of Nepal (CAAN) has decided to shut the airport for repair and maintenance.</p>
<p>
	Trilochan Poudel, deputy director at CAAN, informed New Business Age that they have finished leveling the ground around the runway but the blacktopping of the runway is yet to finish.</p>
<p>
	Due to the closure of the airport, private airlines have decided to discontinue flights to Jomsom.</p>
<p>
	Tara Air, a subsidiary of Yeti Airlines, will stop Pokhara-Jomsom flights from June 8 to 22. Yeti Airlines has issued a public notice informing that the flights to Jomsom will discontinue for some time.</p>
<p>
	Tara Air has been operating Pokhara-Jomsom flights with its 19-seater Dornier Do-228 and Twin Otter DHC 6-300/400. The company said it operates regular 10 flights per day in the route. Tara Air has been operating flights to mountainous and hilly regions. Jomsom is one of the 14 destinations of Tara Air.</p>
<p>
	&nbsp;</p>
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	(int) 4 => array(
		'Article' => array(
			'id' => '10852',
			'article_category_id' => '1',
			'title' => 'Investment in Human Capital can Help Propel Nepal to Middle Income Status',
			'sub_title' => 'Growth Projected to Average 6.5 Percent in the Medium Term',
			'summary' => '',
			'content' => '<p>
	June 6: Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, says the latest report of the World Bank unveiled during the second day of the Human Capital Forum held in Kathmandu on Thursday, June 6.</p>
<p>
	According to the World Bank&rsquo;s Nepal Development Update, investing in human resources could help propel Nepal toward its goal of middle-income country by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth.</p>
<p>
	The report presents a hopeful picture for Nepal in the FY2019/20. The country&rsquo;s economic growth is estimated to reach 7.1 percent, driven by the service and agriculture sectors, reads a press statement issued by the World Bank.</p>
<p>
	The statement says that the service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restaurant subsectors, driven by an increase in tourist arrivals and remittance-fueled private consumption. Likewise, good monsoon, increased commercialization, availability of fertilizers and seeds, and improved irrigation facilities have supported growth in the agriculture sector. The improved power availability from increased electricity generation is expected to support higher growth in industry.</p>
<p>
	&ldquo;Investing in people so that all citizens of Nepal are able to achieve full education and health to perform at their full potential will be critical, in order to sustain the recent high levels of growth and increase competitiveness,&rdquo; said Dr Kene Ezemenari, World Bank&rsquo;s senior economist and author of the report adding, &ldquo;This will require reducing inequities in access to services, improving the quality of services and minimizing household vulnerabilities to shocks.&rdquo;</p>
<p>
	The report notes that investing in people and building human capital are critical if Nepal is to accelerate its growth and rapidly reduce poverty. Human capital investments raise individual earnings potential, which in turn contributes to aggregate economic growth.</p>
<p>
	&ldquo;One additional year of schooling in Nepal can raise an individual&rsquo;s earnings by 8 to 10 percent. Undernutrition reduces learning potential and productivity and can reduce GDP by as much as 11 percent. Investing in psychosocial stimulation during a child&rsquo;s early years can raise his or her adult income by up to 25 percent,&rdquo; reads the statement.</p>
<p>
	The report highlights the need for more exports if Nepal is to sustain the recent high levels of economic growth. Over the medium term, the report projects GDP will grow at 6.5 percent on average, driven by private investment and consumption. Inflation is expected to pick up slightly but will remain below 5 percent during the forecast period assuming stable agricultural production, regular supply of electricity, and low inflation in India.</p>
<p>
	Similarly, Minister for Finance, Dr Yuba Raj Khatiwada also shared, &ldquo;Our utmost priority remains the development of our children and youth &ndash; we need to scope up and maintain sustainable investments in the younger generation to ensure they remain productive and competitive with the global workforce.&rdquo; He said that the government has initiated a number of reforms and policies to strengthen the investment and business environment and attract foreign investment. Dr Khatiwada also said, &ldquo;The recently released budget has also been carefully designed to ensure an enhancement of education, health and drinking water sectors and creation of job opportunities in the country to ensure people&rsquo;s fundamental rights.&rdquo;</p>
<p>
	&nbsp;</p>
<p align="left">
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10603',
			'image' => '20190606064316_1 (1).JPG',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '10850',
			'article_category_id' => '1',
			'title' => 'Limestone in Abundance, but lacks Market ',
			'sub_title' => '',
			'summary' => 'June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.',
			'content' => '<p>
	June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.</p>
<p>
	The department estimates that a total of 1.50 billion tons of limestone is in the reserves, while it has already ascertained the presence of 750 million tons of limestone in the country. Clinker &ndash; one of the major components of cement &ndash; is made from limestone.</p>
<p>
	Currently, majority of cement industries utilise clinker produced within the country. The department has given license to Hetauda Cement, Udayapur Cement, Cosmos Cement and Bhugarbha Cement to extract limestone from nine mines which were discovered recently.</p>
<p>
	Meanwhile, Dhurba Thapa, president at Nepal Cement Producers&rsquo; Association, said that investment in the clinker industries is under risk due to the lack of international market for the raw material produced in Nepal.</p>
<p>
	Likewise, Pashupati Murarka, promoter of Argakhachi Cement, said that the production of clinker within the country is overwhelming, but the supply is more than the demand. He further said that there should be further investment in the sector only if there is possibility of export from the country.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10602',
			'image' => '20190606033958_ImageForArticle_1236(1).jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '10851',
			'article_category_id' => '1',
			'title' => 'More than 100 billion allocated for National Pride Projects',
			'sub_title' => '',
			'summary' => 'June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. ',
			'content' => '<p>
	June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. The government had allocated Rs 92 billion for such big projects for the current fiscal year &nbsp;but has increased the budget for the new FY.</p>
<p>
	The budget will be invested for the construction of the 19 projects that have been included in national Pride Project list.</p>
<p>
	According to the Ministry of Finance, the government has allocated Rs 13.57 billion for the 1200 MW Budhigandaki Hydropower Project in the upcoming fiscal year which will be used for land acquisition. Likewise, Rs 1.49 billion has been allocated for Babai Irrigation Project.</p>
<p>
	Government had allocated Rs 1.49 billion for Sikta Irrigation Project in the current fiscal year which has been increased to Rs 1.52 billion. This project was almost ready but the main canal collapsed during testing phase last year.</p>
<p>
	Further, the government has set aside Rs 2.42 billion budget for Rani Jamara Kulariya Irrigation project. In the current fiscal year, government had separated Rs 6 billion for Bheri Babai Diversion Project which has now been decreased to Rs 4.20 billion for the coming fiscal year.</p>
<p>
	For Melamchi Water Supply Project, which came to a halt &nbsp;in the final phase, the government has allocated Rs 7.38 billion for the upcoming fiscal year. Likewise, for the Upper Tamakoshi Project, the government has separated Rs 1.85 billion in the upcoming fiscal year. The project is expected&nbsp; to be complete by December this year.</p>
<p>
	The government has allocated Rs 350 million and Rs 1 billion for Pashupati Area Development Trust and Lumbini Development Trust respectively. Likewise, Rs 3.33 billion has been separated for South Asia Tourism Infrastructure Development Project.</p>
<p>
	Similarly, Pokhara Regional Airport and Nijgad International Airport will be getting Rs 8 billion and Rs 1.50 billion respectively. The government has allocated Rs 12.19 billion for the completion of Puspalal Highway, and Rs 5 billion for the East-West Highway.</p>
<p>
	The Kathmandu-Tarai Fast Track will receive Rs 15 billion while the government has separated Rs 7.69 billion for train, monorail, and metro rail.</p>
<p>
	In the current fiscal year, only 34.5 percent of budget that was allocated for the National Pride Projects was spent showing disappointing progress in the projects.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10601',
			'image' => '20190606035628_20181228025423_aaaa 2.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '10849',
			'article_category_id' => '1',
			'title' => 'Surya Nepal’s Tax Dispute Drags on for 12 Years at Supreme Court',
			'sub_title' => '',
			'summary' => 'June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. ',
			'content' => '<p>
	June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. A case filed at the apex court on September 11, 2007 is still undecided as other disputes surfaced later on. Records at the SC show that a total of 12 disputes are under discussion at the court. The last of the tax-related disputes was filed on February 4, 2010.</p>
<p>
	Altogether 39 hearings were held for the case in the last 12 years but each of the time the court could not issue any verdict due to various reasons. Sometimes, the hearing was handed to justices who could not look into the case while at other times the justices could not issue any verdict due to lack of time.</p>
<p>
	During 19 instances, the justices could not issue any verdict due to lack of time while 17 times the justices could not look into the case. The hearing could not take place once while the SC issued a verdict only one time.</p>
<p>
	Surya Nepal was dragged into court by the Ministry of Finance and the Department of Revenue Investigation and the Large Taxpayers&rsquo; Office. It is said that the company owes millions of rupees in dues to the government.</p>
<p>
	&ldquo;It is quite surprising that that the Supreme Court has failed to issue the final verdict against Surya Nepal even in such a long period,&rdquo; said a court official on condition of anonymity.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10600',
			'image' => '20190606020124_aaaa.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '10848',
			'article_category_id' => '1',
			'title' => 'Rich Copper Mine of Myagdi Remains Unearthed for Decades',
			'sub_title' => '',
			'summary' => 'June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.',
			'content' => '<p>
	June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.</p>
<p>
	The copper mine used to be extracted regularly from 1961 to 1985 but the extraction came to a halt after than due to the hike in tax by the then government.</p>
<p>
	Before 1985, around 200 workers were employed at the mine. Every day, they used to extract around 20 kg of copper, according to chairman of Malika Rural Municipality ward-4 Dilip Sherchan, who was a village chieftan back during the Panchayat era.</p>
<p>
	Sherchan recalls that the copper extracted from the mine used to be sold for Rs 150 for 2.5 kg about three decades ago.</p>
<p>
	Sherchan further said that an examination of the mine by a team from India about five decades ago had revealed that there were possibilities of gold in the mine. Four years later, late king Birendra Shah had visited the mine and ordered to run the mine in a properly managed way.</p>
<p>
	The mine which was running smoothly until 1985 stopped operation after the government increased the tax. Failure to pay the tax, lack of technical experts and equipment resulted in the closure of the mine.</p>
<p>
	At that time, the current ward chair Sherchan had obtained the license to extract the metal.</p>
<p>
	According to 83-year-old Dil Prasad Ghartimagar, there are two sources of copper in the mine. Each of the areas where the copper is accumulated is around 300 square meters.</p>
<p>
	After being elected in the local polls of 2017, Sherchan took the recommendations from the local unit and requested the Department of Mines in Kathmandu for operating the mine but in vain. He says he made five futile attempts to reopen the mine but the Kathmandu-based government authority did not allow to do so.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10599',
			'image' => '20190606013911_tamakhani2.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '10843',
			'article_category_id' => '1',
			'title' => 'New Parking Bay at TIA Expected to Ease Air Traffic Congestion',
			'sub_title' => '',
			'summary' => 'June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. ',
			'content' => '<p>
	June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. Likewise, the airport will operate another bay currently under construction within the next four months.&nbsp; &nbsp;</p>
<p>
	Civil Aviation Authority of Nepal (CAAN) has invested Rs 1.06 billion from the Airport Development Fund (ADF) for constructing the two new remote parking bays at the airport. The newly built bay is located in the northern side of the airport while the under construction bay lies to the southern part. Both the bays are capable of accommodating both small and large-sized aircraft.</p>
<p>
	According to TIA officials, the construction of remote parking bays is a part of TIA expansion plan.&nbsp;</p>
<p>
	Raj Kumar Chhetri, managing director of TIA, informed New Business Age that Boeing 757 of Nepal Airlines Corporation is currently parked at the new bay.&nbsp;&nbsp;</p>
<p>
	The bay can accommodate two wide-body or three narrow-body aircraft at a time.</p>
<p>
	Rajan Pokhrel, managing director of CAAN, informed that the operation of both the remote parking bays will ease the parking space problem at TIA.</p>
<p>
	&ldquo;TIA currently has only nine parking bays for international flight operators which are usually packed. Due to the increasing flight traffic, many flights have to hover over the city most of the time. The operation of two new remote parking bays will help ease the air traffic congestion at the airport,&rdquo; Pokhrel added.&nbsp;</p>
<p>
	According to Chhetri, CAAN has invested Rs 470 million for constructing the bay situated in the north-eastern part of the airport. Likewise, Rs 590 as been projected to be spent for the construction of the other bay situated in the southern part of TIA.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10594',
			'image' => '20190606085517_airport photos_post photo pradeep kumar shrestha (2).JPG',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '10842',
			'article_category_id' => '1',
			'title' => ''Human Capital Development a Key to Economic Growth'',
			'sub_title' => '',
			'summary' => 'June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and  educated human resources for sustainable economic growth and development of the country. ',
			'content' => '<p>
	June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and &nbsp;educated human resources for sustainable economic growth and development of the country. Finance Minister Khatiwada made such remarks during the inaugural ceremony of Bhutan-Nepal Human Capital Forum that began in the capital on Wednesday, June 5.</p>
<p>
	The two-day conference organised by the World Bank is being participated by high-level delegates from Nepal and Bhutan to devise strategies for investing more and better on human capital.</p>
<p>
	Addressing the event, Finance Minister Khatiwada said, &ldquo;A country is comprised of the collective strength of its people. When they are highly educated, healthy, skilled, and motivated, a thriving workforce can drive the country&rsquo;s growth and development. The government has accordingly prioritized education, health and drinking water while allocating budget for the next fiscal year. We will continue to work with all stakeholders to invest in people and ensure the creation and empowerment of a globally competitive population for the 21<sup>st</sup> century.&rdquo;</p>
<p>
	Nepal scored 0.49 out of the maximum possible score of one, in the Human Capital Index released by the World Bank in October 2018. This means that a child born today in Nepal will be only 49 per cent as productive when he or she grows up, as he or she could be if he or she enjoyed complete education and full health.</p>
<p>
	&ldquo;Although Nepal secured the second spot among its South Asian peers and did better than average for its region, more than half the potential is yet to be realised. It still needs to invest effectively and efficiently on access to quality health services, nutrition, education, employment skills and others to realize its potential,&rdquo; the World Bank said in a press statement.</p>
<p>
	Bhutan&rsquo;s Finance Secretary Dasho Nim Dorji, who led the Bhutanese delegation to Nepal, expressed the importance of enhancing human capital. &ldquo;As one of the early adopters of the World Bank&rsquo;s Human Capital Project, Bhutan remains committed to improve the level and quality of investment in our people,&rdquo; he said, &ldquo;For us, reduction of inequality across the region and access to quality services has always been a high priority,&rdquo; he added.</p>
<p>
	Bhutan performs better than its neighbors in stunting rates, according to the World Bank report. &ldquo;However, one out of five Bhutanese remain stunted. While Bhutan&rsquo;s adult survival rate is relatively satisfactory, the country needs to invest more in health services and access,&rdquo; states the report.</p>
<p>
	Speaking on the occasion, Faris Hadad-Zervos, country manager of World Bank for Nepal, said, &ldquo;Investing in the early years is one of the smartest investments a country can make to break the cycle of poverty, address inequality, and boost productivity later in life. There is an urgent need to allocate resources for the physical, cognitive, and emotional development of children to ensure future productivity of individuals and increase economic competitiveness of nations.&rdquo;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10593',
			'image' => '20190606083855_2.JPG',
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	(int) 11 => array(
		'Article' => array(
			'id' => '10841',
			'article_category_id' => '1',
			'title' => 'Insurance Coverage for Lemon and Orange Farming',
			'sub_title' => '',
			'summary' => 'June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. ',
			'content' => '<p>
	June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. The drafts have been approved by the Board of Directors of IBN. Deputy Director of the board, Kundan Sapkota, informed New Business Age that the insurance coverage will come into effect once the board issues a circular to the insurance companies regarding this decision. He added that the farmers can now on purchase insurance policy for their products (fruits) as well as plants.</p>
<p>
	The insurance will cover the losses caused by fire, lightening, earthquakes, floods, accidents and loss due to pests and diseases.</p>
<p>
	Farmers can also avail accidental death insurance worth Rs 200,000 under this. However, the insurance will not cover casualties of war, encroachment, and loss of farming due to civil war. Likewise, loss due to the negligence of the farmer and their family will not be compensated.</p>
<p>
	The insurance amount will be determined on the basis of the number and price of plants (orange, lemon), production rate. The insurance amount should be certified by agriculture knowledge center of the district or government office related to agriculture.</p>
<p>
	The farmers will have to submit the 5 percent insurance premium of the insured amount. Similarly, Rs 100 should be paid yearly for accidental death insurance.</p>
<p>
	In order to avail the insurance coverage, the plants should have to be planted between May 29 to August 31. After a year of plantation, farmers will be able to claim the insurance. The insurance coverage will remain valid as long as the plants bear fruits.</p>
<p>
	To claim the insurance, farmers will have to inform the insurance company about the loss within 24 hours and they should make a formal approach to make the claim within a week.</p>
<p>
	According to the insurance policy, farmers can claim the insurance if the loss is more than five percent. The company will pay up to 90 percent of the actual damage.</p>
<p>
	<br />
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10592',
			'image' => '20190605051816_20190220125347_aaa.jpg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '10840',
			'article_category_id' => '1',
			'title' => 'Government Allocates Rs 40.73 Billion for Urban Development',
			'sub_title' => '',
			'summary' => 'June 5: The government has once again included the concept of “smart city” in the budget just like in the past.',
			'content' => '<p>
	June 5: The government has once again included the concept of &ldquo;smart city&rdquo; in the budget just like in the past. The proposal of developing smart cities was limited to slogan in the current fiscal year.</p>
<p>
	The government has allocated Rs 40.73 billion under the head of urban infrastructure for the upcoming fiscal year. The budget also mentions about conducting feasibility studies for developing mega cities and smart cities under the same head.</p>
<p>
	The Integrated Urban Infrastructure Development Master Plan introduced last year has got continuity even in the current FY.</p>
<p>
	The government will now conduct feasibility studies to develop fast growing cities like Kathmandu, Biratnagar, Itahari, Birgunj, Jitpur (Simara), Pokhara, Siddharthanagar, Kohalpur, Attariya into mega cities.</p>
<p>
	The budget also states that the government will prepare a master plan to develop all 185 municipalities across the country into well-managed cities.</p>
<p>
	The government has allocated Rs 1.98 billion to develop 27 modern cities in suitable places along the Mid-Hill Highway.</p>
<p>
	The budget has also mentioned of plans to properly managing the natural resources, river corridors, roads, transportation, sewage, garbage as well as heritage sites of the Kathmandu Valley in the upcoming fiscal year.</p>
<p>
	The government also plans to properly manage the footpaths of the capital city in order to reduce dust pollution.</p>
',
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			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10591',
			'image' => '20190605040539_aaa.jpeg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '10835',
			'article_category_id' => '1',
			'title' => 'ISPAN to Hike Internet Charges',
			'sub_title' => '',
			'summary' => 'June 5: The Internet Service Providers’ Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.',
			'content' => '<p>
	June 5: The Internet Service Providers&rsquo; Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.</p>
<p>
	The government, in the budget speech for the next fiscal year, announced to hike the taxes on internet service providers. As a result, the internet service providers have decided to increase 20 percent charges on internet service effective from the next fiscal.</p>
<p>
	The government has made it mandatory for the service providers to pay 13 percent VAT and 13 percent telecommunication service charge (TSC) from the next fiscal. Until a year ago, the government used to levy only 11 percent tax on the service providers. But in July last year, the government decided to increase the TSC from 11 percent to 13 percent following which the ISPs decided to increase the service charger.</p>
<p>
	But the government later reached an agreement with internet service providers to not hike internet prices for the consumers.</p>
<p>
	Back then, the ISPs had agreed to adjust the price internally so that the customers would not have to bear the burden of tax.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10586',
			'image' => '20190605124604_internet (2).jpg',
			'article_date' => '2019-06-05 00:00:00',
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			'id' => '10834',
			'article_category_id' => '1',
			'title' => 'Government’s Decision to Hike Tax Threatens Domestic Food Industries',
			'sub_title' => '',
			'summary' => 'June 5: The government’s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.',
			'content' => '<p>
	June 5: The government&rsquo;s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.</p>
<p>
	Birgunj-based Bidhya Food Products has stopped production following the irrational decision of the government. The company stopped operation a day after the government unveiled the budget for the upcoming fiscal year 2019/20, says proprietor of the company Ganesh Prasad Lath.</p>
<p>
	Besides imposing VAT, the government has also decided to charge agriculture reform fee on soybean skin imported from India.</p>
<p>
	&ldquo;Now, we cannot compete with readymade soybean nuggets coming from India,&rdquo; says Lath, adding, &ldquo;We were left with no option than to close the industry as it is impossible to compete with Indian products now.&rdquo;</p>
<p>
	Earlier, the soybean nuggets produced within the country were exempt from VAT. Meanwhile, the government has increased the customs duty on import of soybean skin under the head of agriculture reform fee from 5 percent to 8 percent.</p>
<p>
	The government has added a tax burden of 16 percent all of a sudden, complained Subodh Gupta, operator of Mohan Food Products.</p>
<p>
	He criticized the government saying that the people&rsquo;s elected government promised to protect the domestic industries but instead imposed VAT on a food product which is consumed by the poor. According to Gupta, who is also the president of &nbsp;Nepal Rice, Oil and Lentil Association, said that the imposition of VAT will ultimately affect the consumers. Therefore, he urged the government not to impose VAT of essential food products that are consumed by the poor.</p>
<p>
	Businessman Lath says that the annual transaction of soybean nuggets within the country is worth Rs 1 billion. According to the Birgunj Customs Office, Nepal has not imported soybean nuggets so far. However, local businessmen and entrepreneurs argue that the imposition of VAT and agriculture reform fee will result in import of soybean nuggets from India. Altogether 40 industries which had been producing soybean nuggets within the country are in risk of collapse.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
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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
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '10857',
			'article_category_id' => '1',
			'title' => 'Nepal-India Railway Service Agreement to be reviewed  ',
			'sub_title' => '',
			'summary' => 'June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.',
			'content' => '<p>
	June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.</p>
<p>
	An eleven member team led by Joint Secretary Nawaraj Dhakal of the Ministry of Industry, Commerce and Supplies reached New Delhi on June 5, Wednesday to review the agreement.</p>
<p>
	A meeting of the council of ministers held a week ago formed the eleven-member delegation under the leadership of Dhakal to attend the meeting in New Delhi for reviewing the agreement.</p>
<p>
	Nepal had signed the railway service agreement with India back in 2004.&nbsp; According to current railway agreement, containers carrying goods from Kolkata Port have access to Birgunj border point.</p>
<p>
	Kedar Bahadur Adhikari, secretary at the Ministry of Industry, Commerce and Supplies informed New Business Age that the delegation will also discuss the access other border points of Nepal to the sea ports of India.</p>
<p>
	The delegates of both the countries will mainly focus on Nepal-India railway connectivity during the meeting, he added.</p>
<p>
	&nbsp;&ldquo;Finally, the two countries have agreed to discussed about reviewing the railway agreement. Our delegation is in New Delhi for discussions with the Indian side. Probably, some major decision of the meeting will be released by Friday, June 7,&rdquo; Adhikari added.</p>
<p>
	Expansion of the connectivity in other border points will help Nepal increase its export and ease the import of goods.</p>
<p>
	According to the ministry, the meeting will also discuss about the operation of Janakpur-Jaynagar railway.</p>
<p>
	The government has already signed a purchase agreement with India for buying railway for Janakpur-Jaynagar route.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;&nbsp; &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'id' => '10856',
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			'title' => 'Shipping Company Slashes Transportation Cost from Kolkata Port to Nepal',
			'sub_title' => '',
			'summary' => 'June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas.',
			'content' => '<p>
	June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas. The cost has been reduced for the &lsquo;direct transshipment&rsquo; of goods which was implemented some time ago with an aim to make foreign trade more competitive.</p>
<p>
	Nepal&rsquo;s Consul General to India Ek Narayan Aryal informed New Business Age that Kolkata-based shipping company CMA CGM has lowered the cost of direct transshipment of the goods to Nepal. According to him, Nepali importers will now have to pay IRs 8,000 to IRs 10,000 less for each container carrying goods from Kolkata&rsquo;s port to the border of Nepal.</p>
<p>
	Likewise, the cost for transshipment of goods from Visakhapatnam port has also been revised.</p>
<p>
	The importers said that it used to costs them more than Rs 40,000 for transporting a container to Birgunj Dry Port from Kolkota.&nbsp;</p>
<p>
	The reduction in transportation charge has been a relief to the Nepali importers who had to bear extra cost ever since the introduction of direct transshipment system, which was initiated for reducing shipping expenses. But the expenses had grown instead.</p>
<p>
	Aryal said that the decrease in transportation cost will increase competition among shipping companies. He said, &ldquo;This is just a beginning of lowering of the transportation cost. Now other companies will also start to decrease the transportation cost.&rdquo;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
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			'sortorder' => '10606',
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			'id' => '10853',
			'article_category_id' => '1',
			'title' => 'DoTM Issues Directive to Register Electric Scooters',
			'sub_title' => '',
			'summary' => 'June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. ',
			'content' => '<p>
	June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. As per the instruction of the department, the Metropolitan Traffic Police Division on Thursday directed all the distributors of electric scooters to compulsorily register the vehicles they sell.</p>
<p>
	The DoTM had instructed the traffic police office on June 3 to take action against the electric vehicles operating with getting registered with the government body.</p>
<p>
	The department has ordered the traffic police to fine the violators Rs 1000 to Rs 5000 as per the Transportation Act 2049.</p>
<p>
	&nbsp;</p>
',
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			'sortorder' => '10605',
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			'id' => '10854',
			'article_category_id' => '1',
			'title' => 'Jomsom Airport to Remain Closed for 15 Days',
			'sub_title' => 'Tara Air to Discontinue Flights to Jomsom',
			'summary' => 'June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. ',
			'content' => '<p>
	June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. The Civil Aviation Authority of Nepal (CAAN) has decided to shut the airport for repair and maintenance.</p>
<p>
	Trilochan Poudel, deputy director at CAAN, informed New Business Age that they have finished leveling the ground around the runway but the blacktopping of the runway is yet to finish.</p>
<p>
	Due to the closure of the airport, private airlines have decided to discontinue flights to Jomsom.</p>
<p>
	Tara Air, a subsidiary of Yeti Airlines, will stop Pokhara-Jomsom flights from June 8 to 22. Yeti Airlines has issued a public notice informing that the flights to Jomsom will discontinue for some time.</p>
<p>
	Tara Air has been operating Pokhara-Jomsom flights with its 19-seater Dornier Do-228 and Twin Otter DHC 6-300/400. The company said it operates regular 10 flights per day in the route. Tara Air has been operating flights to mountainous and hilly regions. Jomsom is one of the 14 destinations of Tara Air.</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
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			'sortorder' => '10604',
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	(int) 4 => array(
		'Article' => array(
			'id' => '10852',
			'article_category_id' => '1',
			'title' => 'Investment in Human Capital can Help Propel Nepal to Middle Income Status',
			'sub_title' => 'Growth Projected to Average 6.5 Percent in the Medium Term',
			'summary' => '',
			'content' => '<p>
	June 6: Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, says the latest report of the World Bank unveiled during the second day of the Human Capital Forum held in Kathmandu on Thursday, June 6.</p>
<p>
	According to the World Bank&rsquo;s Nepal Development Update, investing in human resources could help propel Nepal toward its goal of middle-income country by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth.</p>
<p>
	The report presents a hopeful picture for Nepal in the FY2019/20. The country&rsquo;s economic growth is estimated to reach 7.1 percent, driven by the service and agriculture sectors, reads a press statement issued by the World Bank.</p>
<p>
	The statement says that the service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restaurant subsectors, driven by an increase in tourist arrivals and remittance-fueled private consumption. Likewise, good monsoon, increased commercialization, availability of fertilizers and seeds, and improved irrigation facilities have supported growth in the agriculture sector. The improved power availability from increased electricity generation is expected to support higher growth in industry.</p>
<p>
	&ldquo;Investing in people so that all citizens of Nepal are able to achieve full education and health to perform at their full potential will be critical, in order to sustain the recent high levels of growth and increase competitiveness,&rdquo; said Dr Kene Ezemenari, World Bank&rsquo;s senior economist and author of the report adding, &ldquo;This will require reducing inequities in access to services, improving the quality of services and minimizing household vulnerabilities to shocks.&rdquo;</p>
<p>
	The report notes that investing in people and building human capital are critical if Nepal is to accelerate its growth and rapidly reduce poverty. Human capital investments raise individual earnings potential, which in turn contributes to aggregate economic growth.</p>
<p>
	&ldquo;One additional year of schooling in Nepal can raise an individual&rsquo;s earnings by 8 to 10 percent. Undernutrition reduces learning potential and productivity and can reduce GDP by as much as 11 percent. Investing in psychosocial stimulation during a child&rsquo;s early years can raise his or her adult income by up to 25 percent,&rdquo; reads the statement.</p>
<p>
	The report highlights the need for more exports if Nepal is to sustain the recent high levels of economic growth. Over the medium term, the report projects GDP will grow at 6.5 percent on average, driven by private investment and consumption. Inflation is expected to pick up slightly but will remain below 5 percent during the forecast period assuming stable agricultural production, regular supply of electricity, and low inflation in India.</p>
<p>
	Similarly, Minister for Finance, Dr Yuba Raj Khatiwada also shared, &ldquo;Our utmost priority remains the development of our children and youth &ndash; we need to scope up and maintain sustainable investments in the younger generation to ensure they remain productive and competitive with the global workforce.&rdquo; He said that the government has initiated a number of reforms and policies to strengthen the investment and business environment and attract foreign investment. Dr Khatiwada also said, &ldquo;The recently released budget has also been carefully designed to ensure an enhancement of education, health and drinking water sectors and creation of job opportunities in the country to ensure people&rsquo;s fundamental rights.&rdquo;</p>
<p>
	&nbsp;</p>
<p align="left">
	&nbsp;</p>
',
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		'Article' => array(
			'id' => '10850',
			'article_category_id' => '1',
			'title' => 'Limestone in Abundance, but lacks Market ',
			'sub_title' => '',
			'summary' => 'June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.',
			'content' => '<p>
	June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.</p>
<p>
	The department estimates that a total of 1.50 billion tons of limestone is in the reserves, while it has already ascertained the presence of 750 million tons of limestone in the country. Clinker &ndash; one of the major components of cement &ndash; is made from limestone.</p>
<p>
	Currently, majority of cement industries utilise clinker produced within the country. The department has given license to Hetauda Cement, Udayapur Cement, Cosmos Cement and Bhugarbha Cement to extract limestone from nine mines which were discovered recently.</p>
<p>
	Meanwhile, Dhurba Thapa, president at Nepal Cement Producers&rsquo; Association, said that investment in the clinker industries is under risk due to the lack of international market for the raw material produced in Nepal.</p>
<p>
	Likewise, Pashupati Murarka, promoter of Argakhachi Cement, said that the production of clinker within the country is overwhelming, but the supply is more than the demand. He further said that there should be further investment in the sector only if there is possibility of export from the country.</p>
<p>
	&nbsp;</p>
',
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			'modified' => '2019-06-06',
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			'sortorder' => '10602',
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		'Article' => array(
			'id' => '10851',
			'article_category_id' => '1',
			'title' => 'More than 100 billion allocated for National Pride Projects',
			'sub_title' => '',
			'summary' => 'June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. ',
			'content' => '<p>
	June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. The government had allocated Rs 92 billion for such big projects for the current fiscal year &nbsp;but has increased the budget for the new FY.</p>
<p>
	The budget will be invested for the construction of the 19 projects that have been included in national Pride Project list.</p>
<p>
	According to the Ministry of Finance, the government has allocated Rs 13.57 billion for the 1200 MW Budhigandaki Hydropower Project in the upcoming fiscal year which will be used for land acquisition. Likewise, Rs 1.49 billion has been allocated for Babai Irrigation Project.</p>
<p>
	Government had allocated Rs 1.49 billion for Sikta Irrigation Project in the current fiscal year which has been increased to Rs 1.52 billion. This project was almost ready but the main canal collapsed during testing phase last year.</p>
<p>
	Further, the government has set aside Rs 2.42 billion budget for Rani Jamara Kulariya Irrigation project. In the current fiscal year, government had separated Rs 6 billion for Bheri Babai Diversion Project which has now been decreased to Rs 4.20 billion for the coming fiscal year.</p>
<p>
	For Melamchi Water Supply Project, which came to a halt &nbsp;in the final phase, the government has allocated Rs 7.38 billion for the upcoming fiscal year. Likewise, for the Upper Tamakoshi Project, the government has separated Rs 1.85 billion in the upcoming fiscal year. The project is expected&nbsp; to be complete by December this year.</p>
<p>
	The government has allocated Rs 350 million and Rs 1 billion for Pashupati Area Development Trust and Lumbini Development Trust respectively. Likewise, Rs 3.33 billion has been separated for South Asia Tourism Infrastructure Development Project.</p>
<p>
	Similarly, Pokhara Regional Airport and Nijgad International Airport will be getting Rs 8 billion and Rs 1.50 billion respectively. The government has allocated Rs 12.19 billion for the completion of Puspalal Highway, and Rs 5 billion for the East-West Highway.</p>
<p>
	The Kathmandu-Tarai Fast Track will receive Rs 15 billion while the government has separated Rs 7.69 billion for train, monorail, and metro rail.</p>
<p>
	In the current fiscal year, only 34.5 percent of budget that was allocated for the National Pride Projects was spent showing disappointing progress in the projects.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'id' => '10849',
			'article_category_id' => '1',
			'title' => 'Surya Nepal’s Tax Dispute Drags on for 12 Years at Supreme Court',
			'sub_title' => '',
			'summary' => 'June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. ',
			'content' => '<p>
	June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. A case filed at the apex court on September 11, 2007 is still undecided as other disputes surfaced later on. Records at the SC show that a total of 12 disputes are under discussion at the court. The last of the tax-related disputes was filed on February 4, 2010.</p>
<p>
	Altogether 39 hearings were held for the case in the last 12 years but each of the time the court could not issue any verdict due to various reasons. Sometimes, the hearing was handed to justices who could not look into the case while at other times the justices could not issue any verdict due to lack of time.</p>
<p>
	During 19 instances, the justices could not issue any verdict due to lack of time while 17 times the justices could not look into the case. The hearing could not take place once while the SC issued a verdict only one time.</p>
<p>
	Surya Nepal was dragged into court by the Ministry of Finance and the Department of Revenue Investigation and the Large Taxpayers&rsquo; Office. It is said that the company owes millions of rupees in dues to the government.</p>
<p>
	&ldquo;It is quite surprising that that the Supreme Court has failed to issue the final verdict against Surya Nepal even in such a long period,&rdquo; said a court official on condition of anonymity.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'title' => 'Rich Copper Mine of Myagdi Remains Unearthed for Decades',
			'sub_title' => '',
			'summary' => 'June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.',
			'content' => '<p>
	June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.</p>
<p>
	The copper mine used to be extracted regularly from 1961 to 1985 but the extraction came to a halt after than due to the hike in tax by the then government.</p>
<p>
	Before 1985, around 200 workers were employed at the mine. Every day, they used to extract around 20 kg of copper, according to chairman of Malika Rural Municipality ward-4 Dilip Sherchan, who was a village chieftan back during the Panchayat era.</p>
<p>
	Sherchan recalls that the copper extracted from the mine used to be sold for Rs 150 for 2.5 kg about three decades ago.</p>
<p>
	Sherchan further said that an examination of the mine by a team from India about five decades ago had revealed that there were possibilities of gold in the mine. Four years later, late king Birendra Shah had visited the mine and ordered to run the mine in a properly managed way.</p>
<p>
	The mine which was running smoothly until 1985 stopped operation after the government increased the tax. Failure to pay the tax, lack of technical experts and equipment resulted in the closure of the mine.</p>
<p>
	At that time, the current ward chair Sherchan had obtained the license to extract the metal.</p>
<p>
	According to 83-year-old Dil Prasad Ghartimagar, there are two sources of copper in the mine. Each of the areas where the copper is accumulated is around 300 square meters.</p>
<p>
	After being elected in the local polls of 2017, Sherchan took the recommendations from the local unit and requested the Department of Mines in Kathmandu for operating the mine but in vain. He says he made five futile attempts to reopen the mine but the Kathmandu-based government authority did not allow to do so.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
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			'sortorder' => '10599',
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		'Article' => array(
			'id' => '10843',
			'article_category_id' => '1',
			'title' => 'New Parking Bay at TIA Expected to Ease Air Traffic Congestion',
			'sub_title' => '',
			'summary' => 'June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. ',
			'content' => '<p>
	June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. Likewise, the airport will operate another bay currently under construction within the next four months.&nbsp; &nbsp;</p>
<p>
	Civil Aviation Authority of Nepal (CAAN) has invested Rs 1.06 billion from the Airport Development Fund (ADF) for constructing the two new remote parking bays at the airport. The newly built bay is located in the northern side of the airport while the under construction bay lies to the southern part. Both the bays are capable of accommodating both small and large-sized aircraft.</p>
<p>
	According to TIA officials, the construction of remote parking bays is a part of TIA expansion plan.&nbsp;</p>
<p>
	Raj Kumar Chhetri, managing director of TIA, informed New Business Age that Boeing 757 of Nepal Airlines Corporation is currently parked at the new bay.&nbsp;&nbsp;</p>
<p>
	The bay can accommodate two wide-body or three narrow-body aircraft at a time.</p>
<p>
	Rajan Pokhrel, managing director of CAAN, informed that the operation of both the remote parking bays will ease the parking space problem at TIA.</p>
<p>
	&ldquo;TIA currently has only nine parking bays for international flight operators which are usually packed. Due to the increasing flight traffic, many flights have to hover over the city most of the time. The operation of two new remote parking bays will help ease the air traffic congestion at the airport,&rdquo; Pokhrel added.&nbsp;</p>
<p>
	According to Chhetri, CAAN has invested Rs 470 million for constructing the bay situated in the north-eastern part of the airport. Likewise, Rs 590 as been projected to be spent for the construction of the other bay situated in the southern part of TIA.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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	(int) 10 => array(
		'Article' => array(
			'id' => '10842',
			'article_category_id' => '1',
			'title' => ''Human Capital Development a Key to Economic Growth'',
			'sub_title' => '',
			'summary' => 'June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and  educated human resources for sustainable economic growth and development of the country. ',
			'content' => '<p>
	June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and &nbsp;educated human resources for sustainable economic growth and development of the country. Finance Minister Khatiwada made such remarks during the inaugural ceremony of Bhutan-Nepal Human Capital Forum that began in the capital on Wednesday, June 5.</p>
<p>
	The two-day conference organised by the World Bank is being participated by high-level delegates from Nepal and Bhutan to devise strategies for investing more and better on human capital.</p>
<p>
	Addressing the event, Finance Minister Khatiwada said, &ldquo;A country is comprised of the collective strength of its people. When they are highly educated, healthy, skilled, and motivated, a thriving workforce can drive the country&rsquo;s growth and development. The government has accordingly prioritized education, health and drinking water while allocating budget for the next fiscal year. We will continue to work with all stakeholders to invest in people and ensure the creation and empowerment of a globally competitive population for the 21<sup>st</sup> century.&rdquo;</p>
<p>
	Nepal scored 0.49 out of the maximum possible score of one, in the Human Capital Index released by the World Bank in October 2018. This means that a child born today in Nepal will be only 49 per cent as productive when he or she grows up, as he or she could be if he or she enjoyed complete education and full health.</p>
<p>
	&ldquo;Although Nepal secured the second spot among its South Asian peers and did better than average for its region, more than half the potential is yet to be realised. It still needs to invest effectively and efficiently on access to quality health services, nutrition, education, employment skills and others to realize its potential,&rdquo; the World Bank said in a press statement.</p>
<p>
	Bhutan&rsquo;s Finance Secretary Dasho Nim Dorji, who led the Bhutanese delegation to Nepal, expressed the importance of enhancing human capital. &ldquo;As one of the early adopters of the World Bank&rsquo;s Human Capital Project, Bhutan remains committed to improve the level and quality of investment in our people,&rdquo; he said, &ldquo;For us, reduction of inequality across the region and access to quality services has always been a high priority,&rdquo; he added.</p>
<p>
	Bhutan performs better than its neighbors in stunting rates, according to the World Bank report. &ldquo;However, one out of five Bhutanese remain stunted. While Bhutan&rsquo;s adult survival rate is relatively satisfactory, the country needs to invest more in health services and access,&rdquo; states the report.</p>
<p>
	Speaking on the occasion, Faris Hadad-Zervos, country manager of World Bank for Nepal, said, &ldquo;Investing in the early years is one of the smartest investments a country can make to break the cycle of poverty, address inequality, and boost productivity later in life. There is an urgent need to allocate resources for the physical, cognitive, and emotional development of children to ensure future productivity of individuals and increase economic competitiveness of nations.&rdquo;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'modified' => '2019-06-06',
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	(int) 11 => array(
		'Article' => array(
			'id' => '10841',
			'article_category_id' => '1',
			'title' => 'Insurance Coverage for Lemon and Orange Farming',
			'sub_title' => '',
			'summary' => 'June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. ',
			'content' => '<p>
	June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. The drafts have been approved by the Board of Directors of IBN. Deputy Director of the board, Kundan Sapkota, informed New Business Age that the insurance coverage will come into effect once the board issues a circular to the insurance companies regarding this decision. He added that the farmers can now on purchase insurance policy for their products (fruits) as well as plants.</p>
<p>
	The insurance will cover the losses caused by fire, lightening, earthquakes, floods, accidents and loss due to pests and diseases.</p>
<p>
	Farmers can also avail accidental death insurance worth Rs 200,000 under this. However, the insurance will not cover casualties of war, encroachment, and loss of farming due to civil war. Likewise, loss due to the negligence of the farmer and their family will not be compensated.</p>
<p>
	The insurance amount will be determined on the basis of the number and price of plants (orange, lemon), production rate. The insurance amount should be certified by agriculture knowledge center of the district or government office related to agriculture.</p>
<p>
	The farmers will have to submit the 5 percent insurance premium of the insured amount. Similarly, Rs 100 should be paid yearly for accidental death insurance.</p>
<p>
	In order to avail the insurance coverage, the plants should have to be planted between May 29 to August 31. After a year of plantation, farmers will be able to claim the insurance. The insurance coverage will remain valid as long as the plants bear fruits.</p>
<p>
	To claim the insurance, farmers will have to inform the insurance company about the loss within 24 hours and they should make a formal approach to make the claim within a week.</p>
<p>
	According to the insurance policy, farmers can claim the insurance if the loss is more than five percent. The company will pay up to 90 percent of the actual damage.</p>
<p>
	<br />
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10592',
			'image' => '20190605051816_20190220125347_aaa.jpg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '10840',
			'article_category_id' => '1',
			'title' => 'Government Allocates Rs 40.73 Billion for Urban Development',
			'sub_title' => '',
			'summary' => 'June 5: The government has once again included the concept of “smart city” in the budget just like in the past.',
			'content' => '<p>
	June 5: The government has once again included the concept of &ldquo;smart city&rdquo; in the budget just like in the past. The proposal of developing smart cities was limited to slogan in the current fiscal year.</p>
<p>
	The government has allocated Rs 40.73 billion under the head of urban infrastructure for the upcoming fiscal year. The budget also mentions about conducting feasibility studies for developing mega cities and smart cities under the same head.</p>
<p>
	The Integrated Urban Infrastructure Development Master Plan introduced last year has got continuity even in the current FY.</p>
<p>
	The government will now conduct feasibility studies to develop fast growing cities like Kathmandu, Biratnagar, Itahari, Birgunj, Jitpur (Simara), Pokhara, Siddharthanagar, Kohalpur, Attariya into mega cities.</p>
<p>
	The budget also states that the government will prepare a master plan to develop all 185 municipalities across the country into well-managed cities.</p>
<p>
	The government has allocated Rs 1.98 billion to develop 27 modern cities in suitable places along the Mid-Hill Highway.</p>
<p>
	The budget has also mentioned of plans to properly managing the natural resources, river corridors, roads, transportation, sewage, garbage as well as heritage sites of the Kathmandu Valley in the upcoming fiscal year.</p>
<p>
	The government also plans to properly manage the footpaths of the capital city in order to reduce dust pollution.</p>
',
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			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10591',
			'image' => '20190605040539_aaa.jpeg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '10835',
			'article_category_id' => '1',
			'title' => 'ISPAN to Hike Internet Charges',
			'sub_title' => '',
			'summary' => 'June 5: The Internet Service Providers’ Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.',
			'content' => '<p>
	June 5: The Internet Service Providers&rsquo; Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.</p>
<p>
	The government, in the budget speech for the next fiscal year, announced to hike the taxes on internet service providers. As a result, the internet service providers have decided to increase 20 percent charges on internet service effective from the next fiscal.</p>
<p>
	The government has made it mandatory for the service providers to pay 13 percent VAT and 13 percent telecommunication service charge (TSC) from the next fiscal. Until a year ago, the government used to levy only 11 percent tax on the service providers. But in July last year, the government decided to increase the TSC from 11 percent to 13 percent following which the ISPs decided to increase the service charger.</p>
<p>
	But the government later reached an agreement with internet service providers to not hike internet prices for the consumers.</p>
<p>
	Back then, the ISPs had agreed to adjust the price internally so that the customers would not have to bear the burden of tax.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10586',
			'image' => '20190605124604_internet (2).jpg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '10834',
			'article_category_id' => '1',
			'title' => 'Government’s Decision to Hike Tax Threatens Domestic Food Industries',
			'sub_title' => '',
			'summary' => 'June 5: The government’s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.',
			'content' => '<p>
	June 5: The government&rsquo;s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.</p>
<p>
	Birgunj-based Bidhya Food Products has stopped production following the irrational decision of the government. The company stopped operation a day after the government unveiled the budget for the upcoming fiscal year 2019/20, says proprietor of the company Ganesh Prasad Lath.</p>
<p>
	Besides imposing VAT, the government has also decided to charge agriculture reform fee on soybean skin imported from India.</p>
<p>
	&ldquo;Now, we cannot compete with readymade soybean nuggets coming from India,&rdquo; says Lath, adding, &ldquo;We were left with no option than to close the industry as it is impossible to compete with Indian products now.&rdquo;</p>
<p>
	Earlier, the soybean nuggets produced within the country were exempt from VAT. Meanwhile, the government has increased the customs duty on import of soybean skin under the head of agriculture reform fee from 5 percent to 8 percent.</p>
<p>
	The government has added a tax burden of 16 percent all of a sudden, complained Subodh Gupta, operator of Mohan Food Products.</p>
<p>
	He criticized the government saying that the people&rsquo;s elected government promised to protect the domestic industries but instead imposed VAT on a food product which is consumed by the poor. According to Gupta, who is also the president of &nbsp;Nepal Rice, Oil and Lentil Association, said that the imposition of VAT will ultimately affect the consumers. Therefore, he urged the government not to impose VAT of essential food products that are consumed by the poor.</p>
<p>
	Businessman Lath says that the annual transaction of soybean nuggets within the country is worth Rs 1 billion. According to the Birgunj Customs Office, Nepal has not imported soybean nuggets so far. However, local businessmen and entrepreneurs argue that the imposition of VAT and agriculture reform fee will result in import of soybean nuggets from India. Altogether 40 industries which had been producing soybean nuggets within the country are in risk of collapse.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Code Context
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		'Article' => array(
			'id' => '10857',
			'article_category_id' => '1',
			'title' => 'Nepal-India Railway Service Agreement to be reviewed  ',
			'sub_title' => '',
			'summary' => 'June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.',
			'content' => '<p>
	June 7: Nepal and India have decided to review the agreement for railway service between the two countries after 15 years.</p>
<p>
	An eleven member team led by Joint Secretary Nawaraj Dhakal of the Ministry of Industry, Commerce and Supplies reached New Delhi on June 5, Wednesday to review the agreement.</p>
<p>
	A meeting of the council of ministers held a week ago formed the eleven-member delegation under the leadership of Dhakal to attend the meeting in New Delhi for reviewing the agreement.</p>
<p>
	Nepal had signed the railway service agreement with India back in 2004.&nbsp; According to current railway agreement, containers carrying goods from Kolkata Port have access to Birgunj border point.</p>
<p>
	Kedar Bahadur Adhikari, secretary at the Ministry of Industry, Commerce and Supplies informed New Business Age that the delegation will also discuss the access other border points of Nepal to the sea ports of India.</p>
<p>
	The delegates of both the countries will mainly focus on Nepal-India railway connectivity during the meeting, he added.</p>
<p>
	&nbsp;&ldquo;Finally, the two countries have agreed to discussed about reviewing the railway agreement. Our delegation is in New Delhi for discussions with the Indian side. Probably, some major decision of the meeting will be released by Friday, June 7,&rdquo; Adhikari added.</p>
<p>
	Expansion of the connectivity in other border points will help Nepal increase its export and ease the import of goods.</p>
<p>
	According to the ministry, the meeting will also discuss about the operation of Janakpur-Jaynagar railway.</p>
<p>
	The government has already signed a purchase agreement with India for buying railway for Janakpur-Jaynagar route.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;&nbsp; &nbsp;&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-07',
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		'Article' => array(
			'id' => '10856',
			'article_category_id' => '1',
			'title' => 'Shipping Company Slashes Transportation Cost from Kolkata Port to Nepal',
			'sub_title' => '',
			'summary' => 'June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas.',
			'content' => '<p>
	June 7: A shipping company in India has reduced transportation charge for the goods imported to Nepal from overseas. The cost has been reduced for the &lsquo;direct transshipment&rsquo; of goods which was implemented some time ago with an aim to make foreign trade more competitive.</p>
<p>
	Nepal&rsquo;s Consul General to India Ek Narayan Aryal informed New Business Age that Kolkata-based shipping company CMA CGM has lowered the cost of direct transshipment of the goods to Nepal. According to him, Nepali importers will now have to pay IRs 8,000 to IRs 10,000 less for each container carrying goods from Kolkata&rsquo;s port to the border of Nepal.</p>
<p>
	Likewise, the cost for transshipment of goods from Visakhapatnam port has also been revised.</p>
<p>
	The importers said that it used to costs them more than Rs 40,000 for transporting a container to Birgunj Dry Port from Kolkota.&nbsp;</p>
<p>
	The reduction in transportation charge has been a relief to the Nepali importers who had to bear extra cost ever since the introduction of direct transshipment system, which was initiated for reducing shipping expenses. But the expenses had grown instead.</p>
<p>
	Aryal said that the decrease in transportation cost will increase competition among shipping companies. He said, &ldquo;This is just a beginning of lowering of the transportation cost. Now other companies will also start to decrease the transportation cost.&rdquo;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10606',
			'image' => '20190607012026_rail (2).jpg',
			'article_date' => '2019-06-07 00:00:00',
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	),
	(int) 2 => array(
		'Article' => array(
			'id' => '10853',
			'article_category_id' => '1',
			'title' => 'DoTM Issues Directive to Register Electric Scooters',
			'sub_title' => '',
			'summary' => 'June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. ',
			'content' => '<p>
	June 7: The Department of Transport Management (DoTM) has initiated the process of registering electric scooters within the country. As per the instruction of the department, the Metropolitan Traffic Police Division on Thursday directed all the distributors of electric scooters to compulsorily register the vehicles they sell.</p>
<p>
	The DoTM had instructed the traffic police office on June 3 to take action against the electric vehicles operating with getting registered with the government body.</p>
<p>
	The department has ordered the traffic police to fine the violators Rs 1000 to Rs 5000 as per the Transportation Act 2049.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10605',
			'image' => '20190607115736_electric car_auto mobiles (17).jpg',
			'article_date' => '2019-06-07 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '10854',
			'article_category_id' => '1',
			'title' => 'Jomsom Airport to Remain Closed for 15 Days',
			'sub_title' => 'Tara Air to Discontinue Flights to Jomsom',
			'summary' => 'June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. ',
			'content' => '<p>
	June 7: Jomsom Airport will remain closed for 15 days starting from Saturday, June 8. The Civil Aviation Authority of Nepal (CAAN) has decided to shut the airport for repair and maintenance.</p>
<p>
	Trilochan Poudel, deputy director at CAAN, informed New Business Age that they have finished leveling the ground around the runway but the blacktopping of the runway is yet to finish.</p>
<p>
	Due to the closure of the airport, private airlines have decided to discontinue flights to Jomsom.</p>
<p>
	Tara Air, a subsidiary of Yeti Airlines, will stop Pokhara-Jomsom flights from June 8 to 22. Yeti Airlines has issued a public notice informing that the flights to Jomsom will discontinue for some time.</p>
<p>
	Tara Air has been operating Pokhara-Jomsom flights with its 19-seater Dornier Do-228 and Twin Otter DHC 6-300/400. The company said it operates regular 10 flights per day in the route. Tara Air has been operating flights to mountainous and hilly regions. Jomsom is one of the 14 destinations of Tara Air.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-07',
			'modified' => '2019-06-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10604',
			'image' => '20190607123122_xw2K7-untitled-1.jpg',
			'article_date' => '2019-06-07 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '10852',
			'article_category_id' => '1',
			'title' => 'Investment in Human Capital can Help Propel Nepal to Middle Income Status',
			'sub_title' => 'Growth Projected to Average 6.5 Percent in the Medium Term',
			'summary' => '',
			'content' => '<p>
	June 6: Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, says the latest report of the World Bank unveiled during the second day of the Human Capital Forum held in Kathmandu on Thursday, June 6.</p>
<p>
	According to the World Bank&rsquo;s Nepal Development Update, investing in human resources could help propel Nepal toward its goal of middle-income country by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth.</p>
<p>
	The report presents a hopeful picture for Nepal in the FY2019/20. The country&rsquo;s economic growth is estimated to reach 7.1 percent, driven by the service and agriculture sectors, reads a press statement issued by the World Bank.</p>
<p>
	The statement says that the service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restaurant subsectors, driven by an increase in tourist arrivals and remittance-fueled private consumption. Likewise, good monsoon, increased commercialization, availability of fertilizers and seeds, and improved irrigation facilities have supported growth in the agriculture sector. The improved power availability from increased electricity generation is expected to support higher growth in industry.</p>
<p>
	&ldquo;Investing in people so that all citizens of Nepal are able to achieve full education and health to perform at their full potential will be critical, in order to sustain the recent high levels of growth and increase competitiveness,&rdquo; said Dr Kene Ezemenari, World Bank&rsquo;s senior economist and author of the report adding, &ldquo;This will require reducing inequities in access to services, improving the quality of services and minimizing household vulnerabilities to shocks.&rdquo;</p>
<p>
	The report notes that investing in people and building human capital are critical if Nepal is to accelerate its growth and rapidly reduce poverty. Human capital investments raise individual earnings potential, which in turn contributes to aggregate economic growth.</p>
<p>
	&ldquo;One additional year of schooling in Nepal can raise an individual&rsquo;s earnings by 8 to 10 percent. Undernutrition reduces learning potential and productivity and can reduce GDP by as much as 11 percent. Investing in psychosocial stimulation during a child&rsquo;s early years can raise his or her adult income by up to 25 percent,&rdquo; reads the statement.</p>
<p>
	The report highlights the need for more exports if Nepal is to sustain the recent high levels of economic growth. Over the medium term, the report projects GDP will grow at 6.5 percent on average, driven by private investment and consumption. Inflation is expected to pick up slightly but will remain below 5 percent during the forecast period assuming stable agricultural production, regular supply of electricity, and low inflation in India.</p>
<p>
	Similarly, Minister for Finance, Dr Yuba Raj Khatiwada also shared, &ldquo;Our utmost priority remains the development of our children and youth &ndash; we need to scope up and maintain sustainable investments in the younger generation to ensure they remain productive and competitive with the global workforce.&rdquo; He said that the government has initiated a number of reforms and policies to strengthen the investment and business environment and attract foreign investment. Dr Khatiwada also said, &ldquo;The recently released budget has also been carefully designed to ensure an enhancement of education, health and drinking water sectors and creation of job opportunities in the country to ensure people&rsquo;s fundamental rights.&rdquo;</p>
<p>
	&nbsp;</p>
<p align="left">
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10603',
			'image' => '20190606064316_1 (1).JPG',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '10850',
			'article_category_id' => '1',
			'title' => 'Limestone in Abundance, but lacks Market ',
			'sub_title' => '',
			'summary' => 'June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.',
			'content' => '<p>
	June 6: Data maintained by theDepartment of Mines and Geology shows that the limestone reserves of the country are spread across 7,000 square kilometers of land.</p>
<p>
	The department estimates that a total of 1.50 billion tons of limestone is in the reserves, while it has already ascertained the presence of 750 million tons of limestone in the country. Clinker &ndash; one of the major components of cement &ndash; is made from limestone.</p>
<p>
	Currently, majority of cement industries utilise clinker produced within the country. The department has given license to Hetauda Cement, Udayapur Cement, Cosmos Cement and Bhugarbha Cement to extract limestone from nine mines which were discovered recently.</p>
<p>
	Meanwhile, Dhurba Thapa, president at Nepal Cement Producers&rsquo; Association, said that investment in the clinker industries is under risk due to the lack of international market for the raw material produced in Nepal.</p>
<p>
	Likewise, Pashupati Murarka, promoter of Argakhachi Cement, said that the production of clinker within the country is overwhelming, but the supply is more than the demand. He further said that there should be further investment in the sector only if there is possibility of export from the country.</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10602',
			'image' => '20190606033958_ImageForArticle_1236(1).jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '10851',
			'article_category_id' => '1',
			'title' => 'More than 100 billion allocated for National Pride Projects',
			'sub_title' => '',
			'summary' => 'June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. ',
			'content' => '<p>
	June 6: The government of Nepal has allocated Rs 103.85 billion for National Pride Projects for the upcoming fiscal year 2019/20. The government had allocated Rs 92 billion for such big projects for the current fiscal year &nbsp;but has increased the budget for the new FY.</p>
<p>
	The budget will be invested for the construction of the 19 projects that have been included in national Pride Project list.</p>
<p>
	According to the Ministry of Finance, the government has allocated Rs 13.57 billion for the 1200 MW Budhigandaki Hydropower Project in the upcoming fiscal year which will be used for land acquisition. Likewise, Rs 1.49 billion has been allocated for Babai Irrigation Project.</p>
<p>
	Government had allocated Rs 1.49 billion for Sikta Irrigation Project in the current fiscal year which has been increased to Rs 1.52 billion. This project was almost ready but the main canal collapsed during testing phase last year.</p>
<p>
	Further, the government has set aside Rs 2.42 billion budget for Rani Jamara Kulariya Irrigation project. In the current fiscal year, government had separated Rs 6 billion for Bheri Babai Diversion Project which has now been decreased to Rs 4.20 billion for the coming fiscal year.</p>
<p>
	For Melamchi Water Supply Project, which came to a halt &nbsp;in the final phase, the government has allocated Rs 7.38 billion for the upcoming fiscal year. Likewise, for the Upper Tamakoshi Project, the government has separated Rs 1.85 billion in the upcoming fiscal year. The project is expected&nbsp; to be complete by December this year.</p>
<p>
	The government has allocated Rs 350 million and Rs 1 billion for Pashupati Area Development Trust and Lumbini Development Trust respectively. Likewise, Rs 3.33 billion has been separated for South Asia Tourism Infrastructure Development Project.</p>
<p>
	Similarly, Pokhara Regional Airport and Nijgad International Airport will be getting Rs 8 billion and Rs 1.50 billion respectively. The government has allocated Rs 12.19 billion for the completion of Puspalal Highway, and Rs 5 billion for the East-West Highway.</p>
<p>
	The Kathmandu-Tarai Fast Track will receive Rs 15 billion while the government has separated Rs 7.69 billion for train, monorail, and metro rail.</p>
<p>
	In the current fiscal year, only 34.5 percent of budget that was allocated for the National Pride Projects was spent showing disappointing progress in the projects.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10601',
			'image' => '20190606035628_20181228025423_aaaa 2.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '10849',
			'article_category_id' => '1',
			'title' => 'Surya Nepal’s Tax Dispute Drags on for 12 Years at Supreme Court',
			'sub_title' => '',
			'summary' => 'June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. ',
			'content' => '<p>
	June 6: The tax dispute of Surya Nepal has remained sub judice at the Supreme Court for the last 12 years. A case filed at the apex court on September 11, 2007 is still undecided as other disputes surfaced later on. Records at the SC show that a total of 12 disputes are under discussion at the court. The last of the tax-related disputes was filed on February 4, 2010.</p>
<p>
	Altogether 39 hearings were held for the case in the last 12 years but each of the time the court could not issue any verdict due to various reasons. Sometimes, the hearing was handed to justices who could not look into the case while at other times the justices could not issue any verdict due to lack of time.</p>
<p>
	During 19 instances, the justices could not issue any verdict due to lack of time while 17 times the justices could not look into the case. The hearing could not take place once while the SC issued a verdict only one time.</p>
<p>
	Surya Nepal was dragged into court by the Ministry of Finance and the Department of Revenue Investigation and the Large Taxpayers&rsquo; Office. It is said that the company owes millions of rupees in dues to the government.</p>
<p>
	&ldquo;It is quite surprising that that the Supreme Court has failed to issue the final verdict against Surya Nepal even in such a long period,&rdquo; said a court official on condition of anonymity.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10600',
			'image' => '20190606020124_aaaa.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '10848',
			'article_category_id' => '1',
			'title' => 'Rich Copper Mine of Myagdi Remains Unearthed for Decades',
			'sub_title' => '',
			'summary' => 'June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.',
			'content' => '<p>
	June 6: The local government of Malika Rural Municipality in western Myagdi is losing millions of rupees in revenue while the locals are deprived of job opportunities as the authorities concerned have failed to operate a highly rich copper mine in Bhirkhani of Okharbot in the rural municipality.</p>
<p>
	The copper mine used to be extracted regularly from 1961 to 1985 but the extraction came to a halt after than due to the hike in tax by the then government.</p>
<p>
	Before 1985, around 200 workers were employed at the mine. Every day, they used to extract around 20 kg of copper, according to chairman of Malika Rural Municipality ward-4 Dilip Sherchan, who was a village chieftan back during the Panchayat era.</p>
<p>
	Sherchan recalls that the copper extracted from the mine used to be sold for Rs 150 for 2.5 kg about three decades ago.</p>
<p>
	Sherchan further said that an examination of the mine by a team from India about five decades ago had revealed that there were possibilities of gold in the mine. Four years later, late king Birendra Shah had visited the mine and ordered to run the mine in a properly managed way.</p>
<p>
	The mine which was running smoothly until 1985 stopped operation after the government increased the tax. Failure to pay the tax, lack of technical experts and equipment resulted in the closure of the mine.</p>
<p>
	At that time, the current ward chair Sherchan had obtained the license to extract the metal.</p>
<p>
	According to 83-year-old Dil Prasad Ghartimagar, there are two sources of copper in the mine. Each of the areas where the copper is accumulated is around 300 square meters.</p>
<p>
	After being elected in the local polls of 2017, Sherchan took the recommendations from the local unit and requested the Department of Mines in Kathmandu for operating the mine but in vain. He says he made five futile attempts to reopen the mine but the Kathmandu-based government authority did not allow to do so.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10599',
			'image' => '20190606013911_tamakhani2.jpg',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '10843',
			'article_category_id' => '1',
			'title' => 'New Parking Bay at TIA Expected to Ease Air Traffic Congestion',
			'sub_title' => '',
			'summary' => 'June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. ',
			'content' => '<p>
	June 6: A new remote parking bay has come in operation at the Tribhuvan International Airport (TIA) from June 4, Tuesday. Likewise, the airport will operate another bay currently under construction within the next four months.&nbsp; &nbsp;</p>
<p>
	Civil Aviation Authority of Nepal (CAAN) has invested Rs 1.06 billion from the Airport Development Fund (ADF) for constructing the two new remote parking bays at the airport. The newly built bay is located in the northern side of the airport while the under construction bay lies to the southern part. Both the bays are capable of accommodating both small and large-sized aircraft.</p>
<p>
	According to TIA officials, the construction of remote parking bays is a part of TIA expansion plan.&nbsp;</p>
<p>
	Raj Kumar Chhetri, managing director of TIA, informed New Business Age that Boeing 757 of Nepal Airlines Corporation is currently parked at the new bay.&nbsp;&nbsp;</p>
<p>
	The bay can accommodate two wide-body or three narrow-body aircraft at a time.</p>
<p>
	Rajan Pokhrel, managing director of CAAN, informed that the operation of both the remote parking bays will ease the parking space problem at TIA.</p>
<p>
	&ldquo;TIA currently has only nine parking bays for international flight operators which are usually packed. Due to the increasing flight traffic, many flights have to hover over the city most of the time. The operation of two new remote parking bays will help ease the air traffic congestion at the airport,&rdquo; Pokhrel added.&nbsp;</p>
<p>
	According to Chhetri, CAAN has invested Rs 470 million for constructing the bay situated in the north-eastern part of the airport. Likewise, Rs 590 as been projected to be spent for the construction of the other bay situated in the southern part of TIA.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10594',
			'image' => '20190606085517_airport photos_post photo pradeep kumar shrestha (2).JPG',
			'article_date' => '2019-06-06 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '10842',
			'article_category_id' => '1',
			'title' => ''Human Capital Development a Key to Economic Growth'',
			'sub_title' => '',
			'summary' => 'June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and  educated human resources for sustainable economic growth and development of the country. ',
			'content' => '<p>
	June 6: Finance Minister Yuba Raj Khatiwada has underscored the need of skilled and &nbsp;educated human resources for sustainable economic growth and development of the country. Finance Minister Khatiwada made such remarks during the inaugural ceremony of Bhutan-Nepal Human Capital Forum that began in the capital on Wednesday, June 5.</p>
<p>
	The two-day conference organised by the World Bank is being participated by high-level delegates from Nepal and Bhutan to devise strategies for investing more and better on human capital.</p>
<p>
	Addressing the event, Finance Minister Khatiwada said, &ldquo;A country is comprised of the collective strength of its people. When they are highly educated, healthy, skilled, and motivated, a thriving workforce can drive the country&rsquo;s growth and development. The government has accordingly prioritized education, health and drinking water while allocating budget for the next fiscal year. We will continue to work with all stakeholders to invest in people and ensure the creation and empowerment of a globally competitive population for the 21<sup>st</sup> century.&rdquo;</p>
<p>
	Nepal scored 0.49 out of the maximum possible score of one, in the Human Capital Index released by the World Bank in October 2018. This means that a child born today in Nepal will be only 49 per cent as productive when he or she grows up, as he or she could be if he or she enjoyed complete education and full health.</p>
<p>
	&ldquo;Although Nepal secured the second spot among its South Asian peers and did better than average for its region, more than half the potential is yet to be realised. It still needs to invest effectively and efficiently on access to quality health services, nutrition, education, employment skills and others to realize its potential,&rdquo; the World Bank said in a press statement.</p>
<p>
	Bhutan&rsquo;s Finance Secretary Dasho Nim Dorji, who led the Bhutanese delegation to Nepal, expressed the importance of enhancing human capital. &ldquo;As one of the early adopters of the World Bank&rsquo;s Human Capital Project, Bhutan remains committed to improve the level and quality of investment in our people,&rdquo; he said, &ldquo;For us, reduction of inequality across the region and access to quality services has always been a high priority,&rdquo; he added.</p>
<p>
	Bhutan performs better than its neighbors in stunting rates, according to the World Bank report. &ldquo;However, one out of five Bhutanese remain stunted. While Bhutan&rsquo;s adult survival rate is relatively satisfactory, the country needs to invest more in health services and access,&rdquo; states the report.</p>
<p>
	Speaking on the occasion, Faris Hadad-Zervos, country manager of World Bank for Nepal, said, &ldquo;Investing in the early years is one of the smartest investments a country can make to break the cycle of poverty, address inequality, and boost productivity later in life. There is an urgent need to allocate resources for the physical, cognitive, and emotional development of children to ensure future productivity of individuals and increase economic competitiveness of nations.&rdquo;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-06',
			'modified' => '2019-06-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10593',
			'image' => '20190606083855_2.JPG',
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	(int) 11 => array(
		'Article' => array(
			'id' => '10841',
			'article_category_id' => '1',
			'title' => 'Insurance Coverage for Lemon and Orange Farming',
			'sub_title' => '',
			'summary' => 'June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. ',
			'content' => '<p>
	June 5: The Insurance Board of Nepal has prepared separate drafts of insurance coverage for lemon and orange farming. The drafts have been approved by the Board of Directors of IBN. Deputy Director of the board, Kundan Sapkota, informed New Business Age that the insurance coverage will come into effect once the board issues a circular to the insurance companies regarding this decision. He added that the farmers can now on purchase insurance policy for their products (fruits) as well as plants.</p>
<p>
	The insurance will cover the losses caused by fire, lightening, earthquakes, floods, accidents and loss due to pests and diseases.</p>
<p>
	Farmers can also avail accidental death insurance worth Rs 200,000 under this. However, the insurance will not cover casualties of war, encroachment, and loss of farming due to civil war. Likewise, loss due to the negligence of the farmer and their family will not be compensated.</p>
<p>
	The insurance amount will be determined on the basis of the number and price of plants (orange, lemon), production rate. The insurance amount should be certified by agriculture knowledge center of the district or government office related to agriculture.</p>
<p>
	The farmers will have to submit the 5 percent insurance premium of the insured amount. Similarly, Rs 100 should be paid yearly for accidental death insurance.</p>
<p>
	In order to avail the insurance coverage, the plants should have to be planted between May 29 to August 31. After a year of plantation, farmers will be able to claim the insurance. The insurance coverage will remain valid as long as the plants bear fruits.</p>
<p>
	To claim the insurance, farmers will have to inform the insurance company about the loss within 24 hours and they should make a formal approach to make the claim within a week.</p>
<p>
	According to the insurance policy, farmers can claim the insurance if the loss is more than five percent. The company will pay up to 90 percent of the actual damage.</p>
<p>
	<br />
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10592',
			'image' => '20190605051816_20190220125347_aaa.jpg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '10840',
			'article_category_id' => '1',
			'title' => 'Government Allocates Rs 40.73 Billion for Urban Development',
			'sub_title' => '',
			'summary' => 'June 5: The government has once again included the concept of “smart city” in the budget just like in the past.',
			'content' => '<p>
	June 5: The government has once again included the concept of &ldquo;smart city&rdquo; in the budget just like in the past. The proposal of developing smart cities was limited to slogan in the current fiscal year.</p>
<p>
	The government has allocated Rs 40.73 billion under the head of urban infrastructure for the upcoming fiscal year. The budget also mentions about conducting feasibility studies for developing mega cities and smart cities under the same head.</p>
<p>
	The Integrated Urban Infrastructure Development Master Plan introduced last year has got continuity even in the current FY.</p>
<p>
	The government will now conduct feasibility studies to develop fast growing cities like Kathmandu, Biratnagar, Itahari, Birgunj, Jitpur (Simara), Pokhara, Siddharthanagar, Kohalpur, Attariya into mega cities.</p>
<p>
	The budget also states that the government will prepare a master plan to develop all 185 municipalities across the country into well-managed cities.</p>
<p>
	The government has allocated Rs 1.98 billion to develop 27 modern cities in suitable places along the Mid-Hill Highway.</p>
<p>
	The budget has also mentioned of plans to properly managing the natural resources, river corridors, roads, transportation, sewage, garbage as well as heritage sites of the Kathmandu Valley in the upcoming fiscal year.</p>
<p>
	The government also plans to properly manage the footpaths of the capital city in order to reduce dust pollution.</p>
',
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			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10591',
			'image' => '20190605040539_aaa.jpeg',
			'article_date' => '2019-06-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '10835',
			'article_category_id' => '1',
			'title' => 'ISPAN to Hike Internet Charges',
			'sub_title' => '',
			'summary' => 'June 5: The Internet Service Providers’ Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.',
			'content' => '<p>
	June 5: The Internet Service Providers&rsquo; Association of Nepal (ISPAN) has decided to hike the price of internet after the government decided to increase the tax on internet service providers.</p>
<p>
	The government, in the budget speech for the next fiscal year, announced to hike the taxes on internet service providers. As a result, the internet service providers have decided to increase 20 percent charges on internet service effective from the next fiscal.</p>
<p>
	The government has made it mandatory for the service providers to pay 13 percent VAT and 13 percent telecommunication service charge (TSC) from the next fiscal. Until a year ago, the government used to levy only 11 percent tax on the service providers. But in July last year, the government decided to increase the TSC from 11 percent to 13 percent following which the ISPs decided to increase the service charger.</p>
<p>
	But the government later reached an agreement with internet service providers to not hike internet prices for the consumers.</p>
<p>
	Back then, the ISPs had agreed to adjust the price internally so that the customers would not have to bear the burden of tax.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
			'published' => true,
			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10586',
			'image' => '20190605124604_internet (2).jpg',
			'article_date' => '2019-06-05 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '10834',
			'article_category_id' => '1',
			'title' => 'Government’s Decision to Hike Tax Threatens Domestic Food Industries',
			'sub_title' => '',
			'summary' => 'June 5: The government’s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.',
			'content' => '<p>
	June 5: The government&rsquo;s decision to increase customs duty on import of raw materials for producing soybean nuggets in addition to imposing Value Added Tax has resulted in the closure of industries producing such products within the country.</p>
<p>
	Birgunj-based Bidhya Food Products has stopped production following the irrational decision of the government. The company stopped operation a day after the government unveiled the budget for the upcoming fiscal year 2019/20, says proprietor of the company Ganesh Prasad Lath.</p>
<p>
	Besides imposing VAT, the government has also decided to charge agriculture reform fee on soybean skin imported from India.</p>
<p>
	&ldquo;Now, we cannot compete with readymade soybean nuggets coming from India,&rdquo; says Lath, adding, &ldquo;We were left with no option than to close the industry as it is impossible to compete with Indian products now.&rdquo;</p>
<p>
	Earlier, the soybean nuggets produced within the country were exempt from VAT. Meanwhile, the government has increased the customs duty on import of soybean skin under the head of agriculture reform fee from 5 percent to 8 percent.</p>
<p>
	The government has added a tax burden of 16 percent all of a sudden, complained Subodh Gupta, operator of Mohan Food Products.</p>
<p>
	He criticized the government saying that the people&rsquo;s elected government promised to protect the domestic industries but instead imposed VAT on a food product which is consumed by the poor. According to Gupta, who is also the president of &nbsp;Nepal Rice, Oil and Lentil Association, said that the imposition of VAT will ultimately affect the consumers. Therefore, he urged the government not to impose VAT of essential food products that are consumed by the poor.</p>
<p>
	Businessman Lath says that the annual transaction of soybean nuggets within the country is worth Rs 1 billion. According to the Birgunj Customs Office, Nepal has not imported soybean nuggets so far. However, local businessmen and entrepreneurs argue that the imposition of VAT and agriculture reform fee will result in import of soybean nuggets from India. Altogether 40 industries which had been producing soybean nuggets within the country are in risk of collapse.</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
<p>
	&nbsp;</p>
',
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			'created' => '2019-06-05',
			'modified' => '2019-06-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '10585',
			'image' => '20190605122730_aaaa.jpg',
			'article_date' => '2019-06-05 00:00:00',
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	)
)
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