Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8106',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8105',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
			'image' => '20180530034749_yub raj khatiwada (2).jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8103',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8102',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '8323',
			'article_category_id' => '1',
			'title' => 'Government Changes Income Tax Rates',
			'sub_title' => '',
			'summary' => 'May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.',
			'content' => '<p>May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.</p>

<p>Announcing the budget for the fiscal year 2018/19, Finance Minister Yuba Raj Khatiwada said that the government has lowered income tax for low and middle income people, while the tax for high earning individuals has increased.</p>

<p>The government has set three different rates for income tax. The rate of the taxes on incomes will be 10 percent, 20 percent and 30 percent.</p>

<p>The individuals earning up to Rs 350,000 annually should pay one percent of their earning as income tax. Similarly, the couples together earning Rs 400,000 should also pay one percent of earning as income tax.</p>

<p>Likewise, people having income in between Rs 350,000 to Rs 450,000 have to pay 10 percent from earning as tax. Similarly, people earning above Rs 450,000 will have to pay 20 percent, and individuals having annual income in between Rs 650,000 to Rs 2 million will have to pay 30 percent of their income as tax.</p>

<p>Similarly, people earning more than Rs 2 million will have to pay additional 20 percent more tax (ie 50 percent) than the tax levied by the government in the current fiscal year.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8101',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '8320',
			'article_category_id' => '1',
			'title' => 'Non-performing loans increase by 22 percent',
			'sub_title' => '',
			'summary' => 'May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.',
			'content' => '<p>May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.</p>

<p>Despite suggestions of Nepal Rastra Bank&#39;s Governor Dr Chiranjivi Nepal not to disburse loan in risky areas, commercial banks have disbursed a total amount of Rs 33 billion as non-performing loan. This was revealed by the statistics maintained by Nepal Rastra Bank (NRB) as of mid-April this year.</p>

<p>The central bank has defined good debt and loans under meticulous surveillance as &lsquo;active loans&rsquo; and termed weak, suspicious and bad debt as &lsquo;non-performing loans&rsquo;.</p>

<p>According to the loan categorisation of NRB, the loans which have not been repaid for more than six months are called weak loans. Loans amounting to Rs 10 billion was disbursed by commercial banks of Nepal as of mid-April, 2018. &nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8100',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '8319',
			'article_category_id' => '1',
			'title' => 'NRB Issues New Directives for BFIs',
			'sub_title' => '',
			'summary' => 'May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.',
			'content' => '<p>May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.</p>

<p>The directive will help the Banks and Financial Institutions (BFIs) to assess the environment and social security risk involved in the transactions of their customers and help to mitigate such risks.</p>

<p>The directive will set a standard for identifying the environment and social (E&amp;S) risks, their assessment and management.</p>

<p>One of the major risks for financial institutions is related to credit and market. However, the risk also depends on how the customers manage the E&amp;S risk that could arise by transaction with the clients.&nbsp; If this issue is not addressed on time, this can affect the standard of BFIs and also cause the loss of revenue of the BFIs.</p>

<p>&ldquo;Proper ERSM practice will minimize the potential risks, create business opportunities and also improve regional competitiveness of BFIs,&rdquo; said NRB Governor Chiranjivi Nepal. &nbsp;&nbsp;</p>

<p>&ldquo;It is important for Nepal to implement this practice as this will minimize business risk, develop trust in the market and help in attracting investment,&rdquo; &nbsp;said Wendy Werner, country manager of IFC for Nepal, Bangladesh and Bhutan. She said that IFC will continuously support to implement ERSM guidelines in Nepal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8099',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '8318',
			'article_category_id' => '1',
			'title' => 'Volvo's Service Center Now in Pokhara',
			'sub_title' => '',
			'summary' => 'May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara's Chauthe of Province 4.',
			'content' => '<p>May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara&#39;s Chauthe of Province 4.</p>

<p>The company said in a statement that the main objective of opening this branch is to provide genuine service and spare parts of Volvo and SDLG products for its customers. Explore Earthmovers Pvt Ltd is dealing with different Volvo and SDLG products like Excavator EC210D, Grader G9138 and G9190, Loader LG936L and LG956F, Compactor SD110BA, Tandem roller DD90B, and Pneumatic Roller PT220.</p>

<p>EEMPL said it established this branch to cover the whole Province 4 of Nepal. From this branch, customers of different districts like Kaski, Parbat, Lamjung, Gorkha, Tanahun, Syangja, Baglung, Myagdi, Mustang, Manang, and Nawalparasi can get swift service and spare parts during needed time.</p>

<p>The Pokhara branch was been opened by members of Explore Earth Movers Pvt Ltd&#39;s head office in Kathmandu and special guest from Volvo, Singapore. At the Pokhara branch, service engineer will be available for 24/7 hrs, the company said in the statement. The engineer will reach any site of the province within 24 hours.</p>

<p>Peh Jing Peng, director of Volvo East Asia Pacific Ltd, Singapore highlighted about Volvo policies and vision for Nepal.</p>

<p>&quot;The objective of opening this branch is to reduce breakdown time of machine,&quot; the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8098',
			'image' => '20180529025710_Volvo_Trucks__Bus_logo (2).jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '8317',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Launches New On-Board Dining Experience for Premium Customers',
			'sub_title' => '',
			'summary' => 'May 29:  Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. ',
			'content' => '<p>May 29:&nbsp; Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. The new concepts include newly-designed tableware, in-flight dining menus, cutlery and chinaware that are specially crafted to meet travellers&rsquo; high expectations and elevate their experience on board, the airline said in a statement.</p>

<p>Qatar Airways said it has also put a greater focus on featuring regional influences within the menu design process, which now sees the inclusion of new signature dishes to the in-flight menu based on route destinations, such as the offering of porcini and truffle risotto on Italian sectors.</p>

<p>&quot;Traditionally prepared Arabic main dishes such as kabsa, biryani and flame-grilled meats, which offer a taste of the Middle East, will feature as a choice option across most routes,&quot; the statement said.</p>

<p>According to the airline, new signature warm desserts will be introduced to passengers in the Business Class cabin, in addition to a luxurious afternoon tea experience on board selected routes. The airline said that it has given attention to details of every new concept, from the mini condiment grinders dispensing ground black peppercorns and Himalayan pink salt, to tableware such as the linen-lined bread baskets that house a freshly baked trio of bread.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;Qatar Airways is thrilled to introduce a whole new on-board dining experience that will push the boundaries of Premium travel for our esteemed passengers. Every new concept was designed and produced with the highest attention to details and quality, to meet the exacting standards of our passengers. Qatar Airways is collaborating closely with local farms and suppliers to produce products for our specific needs, promoting a &lsquo;farm-to-table&rsquo; approach. Our in-flight dining menus are designed to align with the four seasons, better incorporating the use of locally-grown produce and tapping into authentic foods of local provenance delivering the very highest international standards.&rdquo;</p>

<p>The national carrier of the State of Qatar said it has recognised the emerging trend of its travellers being more aware of their dietary needs and expressing interests in healthier food options. Qatar Airways further said it supports its customers&rsquo; desires and will now feature lighter options, such as fresh crisp salads, woodland berries, warm breakfast oatmeal and more. Healthier drink options such as &ldquo;cold pressed&rdquo; juice with great flavour combinations will also be available on selected menus to revitalise during a long flight.&nbsp;</p>

<p>Qatar Airways launched a highly-successful pre-select dining option last year, whereby passengers travelling in First and Business Class can pre-select one main course from the &agrave; la carte on-board menu as far as 14 days in advance and up to 24 hours before take-off. This is in addition to the existing Dine-on-Demand service already available for valued First and Business Class passengers. The pre-select service enables First and Business Class passengers to now enjoy even more choice and freedom to create their own personalised dining experience while travelling on selected long-haul flights from Doha.</p>

<p>To pre-select a meal, passengers simply need to log into &lsquo;My Trips&rsquo; on the Qatar Airways website and choose from the seasonal menu available on their flight. Meals can also be ordered through the Qatar Airways mobile app.</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8097',
			'image' => '20180529024159_qatar air.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '8316',
			'article_category_id' => '1',
			'title' => 'OPPO Announces Senior Appointments to Further Advance International Business',
			'sub_title' => '',
			'summary' => 'May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.',
			'content' => '<p>May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.</p>

<p>Alen Wu, vice president of OPPO has been appointed to oversee OPPO&rsquo;s international business, the company said in a statement. In his new role, Alen oversees the entire international operations and is responsible for expediting growth outside China.</p>

<p>&ldquo;International business plays a strategic role and is highly valued at OPPO. Similarly we are also committed to nurturing young talents and promotion from within OPPO,&rdquo; said Tony Chen, CEO of the company, adding, &ldquo;As one of OPPO&rsquo;s key executives, Alen is highly experienced in marketing and possess acute consumer insights. We look forward to his greater contribution to OPPO in the years ahead.&rdquo;&nbsp;&nbsp;</p>

<p>According to the company, Alen Wu, who joined OPPO in 2006, was also in charge of distributor network construction and mobile product marketing. During his charge of China Marketing and Sales, OPPO became one of the top smartphone brands in China and achieved great success in both terms of sales performance and brand building. In his new role, Alen will further enhance OPPO&rsquo;s position as a leading smartphone brand worldwide, lead expansion into new markets and also further develop existing International business.</p>

<p>&quot;Charles Wong, at the same time, is appointed as OPPO Assistant Vice President, OPPO India President, and reports to Alen Wu. He takes the position in order to fulfill the company&rsquo;s growth agenda as OPPO continues to build momentum in the India market. Charles has nearly two decades of experience in marketing and sales. His vision and skills will be responsible for steering OPPO&rsquo;s expansion in India and achieve the company&rsquo;s vision to be a leader in the market,&quot; the statement said.</p>

<p>Commenting on his appointment, Charles Wong said &ldquo;I am extremely excited to be a part of the OPPO India team at an important juncture. Having served in OPPO gives me a good insight of the business, its challenges and varied cultures. The Indian mobile market is growing exponentially and I look forward to further strengthen the brand presence in the Indian markets by providing great user experience with our products&rdquo;.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8096',
			'image' => '20180529012405_OPPO-LOGO for communication from HQ.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8106',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8105',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
			'image' => '20180530034749_yub raj khatiwada (2).jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8103',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8102',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '8323',
			'article_category_id' => '1',
			'title' => 'Government Changes Income Tax Rates',
			'sub_title' => '',
			'summary' => 'May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.',
			'content' => '<p>May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.</p>

<p>Announcing the budget for the fiscal year 2018/19, Finance Minister Yuba Raj Khatiwada said that the government has lowered income tax for low and middle income people, while the tax for high earning individuals has increased.</p>

<p>The government has set three different rates for income tax. The rate of the taxes on incomes will be 10 percent, 20 percent and 30 percent.</p>

<p>The individuals earning up to Rs 350,000 annually should pay one percent of their earning as income tax. Similarly, the couples together earning Rs 400,000 should also pay one percent of earning as income tax.</p>

<p>Likewise, people having income in between Rs 350,000 to Rs 450,000 have to pay 10 percent from earning as tax. Similarly, people earning above Rs 450,000 will have to pay 20 percent, and individuals having annual income in between Rs 650,000 to Rs 2 million will have to pay 30 percent of their income as tax.</p>

<p>Similarly, people earning more than Rs 2 million will have to pay additional 20 percent more tax (ie 50 percent) than the tax levied by the government in the current fiscal year.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8101',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '8320',
			'article_category_id' => '1',
			'title' => 'Non-performing loans increase by 22 percent',
			'sub_title' => '',
			'summary' => 'May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.',
			'content' => '<p>May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.</p>

<p>Despite suggestions of Nepal Rastra Bank&#39;s Governor Dr Chiranjivi Nepal not to disburse loan in risky areas, commercial banks have disbursed a total amount of Rs 33 billion as non-performing loan. This was revealed by the statistics maintained by Nepal Rastra Bank (NRB) as of mid-April this year.</p>

<p>The central bank has defined good debt and loans under meticulous surveillance as &lsquo;active loans&rsquo; and termed weak, suspicious and bad debt as &lsquo;non-performing loans&rsquo;.</p>

<p>According to the loan categorisation of NRB, the loans which have not been repaid for more than six months are called weak loans. Loans amounting to Rs 10 billion was disbursed by commercial banks of Nepal as of mid-April, 2018. &nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8100',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '8319',
			'article_category_id' => '1',
			'title' => 'NRB Issues New Directives for BFIs',
			'sub_title' => '',
			'summary' => 'May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.',
			'content' => '<p>May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.</p>

<p>The directive will help the Banks and Financial Institutions (BFIs) to assess the environment and social security risk involved in the transactions of their customers and help to mitigate such risks.</p>

<p>The directive will set a standard for identifying the environment and social (E&amp;S) risks, their assessment and management.</p>

<p>One of the major risks for financial institutions is related to credit and market. However, the risk also depends on how the customers manage the E&amp;S risk that could arise by transaction with the clients.&nbsp; If this issue is not addressed on time, this can affect the standard of BFIs and also cause the loss of revenue of the BFIs.</p>

<p>&ldquo;Proper ERSM practice will minimize the potential risks, create business opportunities and also improve regional competitiveness of BFIs,&rdquo; said NRB Governor Chiranjivi Nepal. &nbsp;&nbsp;</p>

<p>&ldquo;It is important for Nepal to implement this practice as this will minimize business risk, develop trust in the market and help in attracting investment,&rdquo; &nbsp;said Wendy Werner, country manager of IFC for Nepal, Bangladesh and Bhutan. She said that IFC will continuously support to implement ERSM guidelines in Nepal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8099',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '8318',
			'article_category_id' => '1',
			'title' => 'Volvo's Service Center Now in Pokhara',
			'sub_title' => '',
			'summary' => 'May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara's Chauthe of Province 4.',
			'content' => '<p>May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara&#39;s Chauthe of Province 4.</p>

<p>The company said in a statement that the main objective of opening this branch is to provide genuine service and spare parts of Volvo and SDLG products for its customers. Explore Earthmovers Pvt Ltd is dealing with different Volvo and SDLG products like Excavator EC210D, Grader G9138 and G9190, Loader LG936L and LG956F, Compactor SD110BA, Tandem roller DD90B, and Pneumatic Roller PT220.</p>

<p>EEMPL said it established this branch to cover the whole Province 4 of Nepal. From this branch, customers of different districts like Kaski, Parbat, Lamjung, Gorkha, Tanahun, Syangja, Baglung, Myagdi, Mustang, Manang, and Nawalparasi can get swift service and spare parts during needed time.</p>

<p>The Pokhara branch was been opened by members of Explore Earth Movers Pvt Ltd&#39;s head office in Kathmandu and special guest from Volvo, Singapore. At the Pokhara branch, service engineer will be available for 24/7 hrs, the company said in the statement. The engineer will reach any site of the province within 24 hours.</p>

<p>Peh Jing Peng, director of Volvo East Asia Pacific Ltd, Singapore highlighted about Volvo policies and vision for Nepal.</p>

<p>&quot;The objective of opening this branch is to reduce breakdown time of machine,&quot; the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8098',
			'image' => '20180529025710_Volvo_Trucks__Bus_logo (2).jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '8317',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Launches New On-Board Dining Experience for Premium Customers',
			'sub_title' => '',
			'summary' => 'May 29:  Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. ',
			'content' => '<p>May 29:&nbsp; Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. The new concepts include newly-designed tableware, in-flight dining menus, cutlery and chinaware that are specially crafted to meet travellers&rsquo; high expectations and elevate their experience on board, the airline said in a statement.</p>

<p>Qatar Airways said it has also put a greater focus on featuring regional influences within the menu design process, which now sees the inclusion of new signature dishes to the in-flight menu based on route destinations, such as the offering of porcini and truffle risotto on Italian sectors.</p>

<p>&quot;Traditionally prepared Arabic main dishes such as kabsa, biryani and flame-grilled meats, which offer a taste of the Middle East, will feature as a choice option across most routes,&quot; the statement said.</p>

<p>According to the airline, new signature warm desserts will be introduced to passengers in the Business Class cabin, in addition to a luxurious afternoon tea experience on board selected routes. The airline said that it has given attention to details of every new concept, from the mini condiment grinders dispensing ground black peppercorns and Himalayan pink salt, to tableware such as the linen-lined bread baskets that house a freshly baked trio of bread.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;Qatar Airways is thrilled to introduce a whole new on-board dining experience that will push the boundaries of Premium travel for our esteemed passengers. Every new concept was designed and produced with the highest attention to details and quality, to meet the exacting standards of our passengers. Qatar Airways is collaborating closely with local farms and suppliers to produce products for our specific needs, promoting a &lsquo;farm-to-table&rsquo; approach. Our in-flight dining menus are designed to align with the four seasons, better incorporating the use of locally-grown produce and tapping into authentic foods of local provenance delivering the very highest international standards.&rdquo;</p>

<p>The national carrier of the State of Qatar said it has recognised the emerging trend of its travellers being more aware of their dietary needs and expressing interests in healthier food options. Qatar Airways further said it supports its customers&rsquo; desires and will now feature lighter options, such as fresh crisp salads, woodland berries, warm breakfast oatmeal and more. Healthier drink options such as &ldquo;cold pressed&rdquo; juice with great flavour combinations will also be available on selected menus to revitalise during a long flight.&nbsp;</p>

<p>Qatar Airways launched a highly-successful pre-select dining option last year, whereby passengers travelling in First and Business Class can pre-select one main course from the &agrave; la carte on-board menu as far as 14 days in advance and up to 24 hours before take-off. This is in addition to the existing Dine-on-Demand service already available for valued First and Business Class passengers. The pre-select service enables First and Business Class passengers to now enjoy even more choice and freedom to create their own personalised dining experience while travelling on selected long-haul flights from Doha.</p>

<p>To pre-select a meal, passengers simply need to log into &lsquo;My Trips&rsquo; on the Qatar Airways website and choose from the seasonal menu available on their flight. Meals can also be ordered through the Qatar Airways mobile app.</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8097',
			'image' => '20180529024159_qatar air.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '8316',
			'article_category_id' => '1',
			'title' => 'OPPO Announces Senior Appointments to Further Advance International Business',
			'sub_title' => '',
			'summary' => 'May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.',
			'content' => '<p>May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.</p>

<p>Alen Wu, vice president of OPPO has been appointed to oversee OPPO&rsquo;s international business, the company said in a statement. In his new role, Alen oversees the entire international operations and is responsible for expediting growth outside China.</p>

<p>&ldquo;International business plays a strategic role and is highly valued at OPPO. Similarly we are also committed to nurturing young talents and promotion from within OPPO,&rdquo; said Tony Chen, CEO of the company, adding, &ldquo;As one of OPPO&rsquo;s key executives, Alen is highly experienced in marketing and possess acute consumer insights. We look forward to his greater contribution to OPPO in the years ahead.&rdquo;&nbsp;&nbsp;</p>

<p>According to the company, Alen Wu, who joined OPPO in 2006, was also in charge of distributor network construction and mobile product marketing. During his charge of China Marketing and Sales, OPPO became one of the top smartphone brands in China and achieved great success in both terms of sales performance and brand building. In his new role, Alen will further enhance OPPO&rsquo;s position as a leading smartphone brand worldwide, lead expansion into new markets and also further develop existing International business.</p>

<p>&quot;Charles Wong, at the same time, is appointed as OPPO Assistant Vice President, OPPO India President, and reports to Alen Wu. He takes the position in order to fulfill the company&rsquo;s growth agenda as OPPO continues to build momentum in the India market. Charles has nearly two decades of experience in marketing and sales. His vision and skills will be responsible for steering OPPO&rsquo;s expansion in India and achieve the company&rsquo;s vision to be a leader in the market,&quot; the statement said.</p>

<p>Commenting on his appointment, Charles Wong said &ldquo;I am extremely excited to be a part of the OPPO India team at an important juncture. Having served in OPPO gives me a good insight of the business, its challenges and varied cultures. The Indian mobile market is growing exponentially and I look forward to further strengthen the brand presence in the Indian markets by providing great user experience with our products&rdquo;.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8096',
			'image' => '20180529012405_OPPO-LOGO for communication from HQ.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8106',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8105',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
			'image' => '20180530034749_yub raj khatiwada (2).jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8103',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8102',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '8323',
			'article_category_id' => '1',
			'title' => 'Government Changes Income Tax Rates',
			'sub_title' => '',
			'summary' => 'May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.',
			'content' => '<p>May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.</p>

<p>Announcing the budget for the fiscal year 2018/19, Finance Minister Yuba Raj Khatiwada said that the government has lowered income tax for low and middle income people, while the tax for high earning individuals has increased.</p>

<p>The government has set three different rates for income tax. The rate of the taxes on incomes will be 10 percent, 20 percent and 30 percent.</p>

<p>The individuals earning up to Rs 350,000 annually should pay one percent of their earning as income tax. Similarly, the couples together earning Rs 400,000 should also pay one percent of earning as income tax.</p>

<p>Likewise, people having income in between Rs 350,000 to Rs 450,000 have to pay 10 percent from earning as tax. Similarly, people earning above Rs 450,000 will have to pay 20 percent, and individuals having annual income in between Rs 650,000 to Rs 2 million will have to pay 30 percent of their income as tax.</p>

<p>Similarly, people earning more than Rs 2 million will have to pay additional 20 percent more tax (ie 50 percent) than the tax levied by the government in the current fiscal year.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8101',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '8320',
			'article_category_id' => '1',
			'title' => 'Non-performing loans increase by 22 percent',
			'sub_title' => '',
			'summary' => 'May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.',
			'content' => '<p>May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.</p>

<p>Despite suggestions of Nepal Rastra Bank&#39;s Governor Dr Chiranjivi Nepal not to disburse loan in risky areas, commercial banks have disbursed a total amount of Rs 33 billion as non-performing loan. This was revealed by the statistics maintained by Nepal Rastra Bank (NRB) as of mid-April this year.</p>

<p>The central bank has defined good debt and loans under meticulous surveillance as &lsquo;active loans&rsquo; and termed weak, suspicious and bad debt as &lsquo;non-performing loans&rsquo;.</p>

<p>According to the loan categorisation of NRB, the loans which have not been repaid for more than six months are called weak loans. Loans amounting to Rs 10 billion was disbursed by commercial banks of Nepal as of mid-April, 2018. &nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8100',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '8319',
			'article_category_id' => '1',
			'title' => 'NRB Issues New Directives for BFIs',
			'sub_title' => '',
			'summary' => 'May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.',
			'content' => '<p>May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.</p>

<p>The directive will help the Banks and Financial Institutions (BFIs) to assess the environment and social security risk involved in the transactions of their customers and help to mitigate such risks.</p>

<p>The directive will set a standard for identifying the environment and social (E&amp;S) risks, their assessment and management.</p>

<p>One of the major risks for financial institutions is related to credit and market. However, the risk also depends on how the customers manage the E&amp;S risk that could arise by transaction with the clients.&nbsp; If this issue is not addressed on time, this can affect the standard of BFIs and also cause the loss of revenue of the BFIs.</p>

<p>&ldquo;Proper ERSM practice will minimize the potential risks, create business opportunities and also improve regional competitiveness of BFIs,&rdquo; said NRB Governor Chiranjivi Nepal. &nbsp;&nbsp;</p>

<p>&ldquo;It is important for Nepal to implement this practice as this will minimize business risk, develop trust in the market and help in attracting investment,&rdquo; &nbsp;said Wendy Werner, country manager of IFC for Nepal, Bangladesh and Bhutan. She said that IFC will continuously support to implement ERSM guidelines in Nepal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8099',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '8318',
			'article_category_id' => '1',
			'title' => 'Volvo's Service Center Now in Pokhara',
			'sub_title' => '',
			'summary' => 'May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara's Chauthe of Province 4.',
			'content' => '<p>May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara&#39;s Chauthe of Province 4.</p>

<p>The company said in a statement that the main objective of opening this branch is to provide genuine service and spare parts of Volvo and SDLG products for its customers. Explore Earthmovers Pvt Ltd is dealing with different Volvo and SDLG products like Excavator EC210D, Grader G9138 and G9190, Loader LG936L and LG956F, Compactor SD110BA, Tandem roller DD90B, and Pneumatic Roller PT220.</p>

<p>EEMPL said it established this branch to cover the whole Province 4 of Nepal. From this branch, customers of different districts like Kaski, Parbat, Lamjung, Gorkha, Tanahun, Syangja, Baglung, Myagdi, Mustang, Manang, and Nawalparasi can get swift service and spare parts during needed time.</p>

<p>The Pokhara branch was been opened by members of Explore Earth Movers Pvt Ltd&#39;s head office in Kathmandu and special guest from Volvo, Singapore. At the Pokhara branch, service engineer will be available for 24/7 hrs, the company said in the statement. The engineer will reach any site of the province within 24 hours.</p>

<p>Peh Jing Peng, director of Volvo East Asia Pacific Ltd, Singapore highlighted about Volvo policies and vision for Nepal.</p>

<p>&quot;The objective of opening this branch is to reduce breakdown time of machine,&quot; the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8098',
			'image' => '20180529025710_Volvo_Trucks__Bus_logo (2).jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '8317',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Launches New On-Board Dining Experience for Premium Customers',
			'sub_title' => '',
			'summary' => 'May 29:  Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. ',
			'content' => '<p>May 29:&nbsp; Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. The new concepts include newly-designed tableware, in-flight dining menus, cutlery and chinaware that are specially crafted to meet travellers&rsquo; high expectations and elevate their experience on board, the airline said in a statement.</p>

<p>Qatar Airways said it has also put a greater focus on featuring regional influences within the menu design process, which now sees the inclusion of new signature dishes to the in-flight menu based on route destinations, such as the offering of porcini and truffle risotto on Italian sectors.</p>

<p>&quot;Traditionally prepared Arabic main dishes such as kabsa, biryani and flame-grilled meats, which offer a taste of the Middle East, will feature as a choice option across most routes,&quot; the statement said.</p>

<p>According to the airline, new signature warm desserts will be introduced to passengers in the Business Class cabin, in addition to a luxurious afternoon tea experience on board selected routes. The airline said that it has given attention to details of every new concept, from the mini condiment grinders dispensing ground black peppercorns and Himalayan pink salt, to tableware such as the linen-lined bread baskets that house a freshly baked trio of bread.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;Qatar Airways is thrilled to introduce a whole new on-board dining experience that will push the boundaries of Premium travel for our esteemed passengers. Every new concept was designed and produced with the highest attention to details and quality, to meet the exacting standards of our passengers. Qatar Airways is collaborating closely with local farms and suppliers to produce products for our specific needs, promoting a &lsquo;farm-to-table&rsquo; approach. Our in-flight dining menus are designed to align with the four seasons, better incorporating the use of locally-grown produce and tapping into authentic foods of local provenance delivering the very highest international standards.&rdquo;</p>

<p>The national carrier of the State of Qatar said it has recognised the emerging trend of its travellers being more aware of their dietary needs and expressing interests in healthier food options. Qatar Airways further said it supports its customers&rsquo; desires and will now feature lighter options, such as fresh crisp salads, woodland berries, warm breakfast oatmeal and more. Healthier drink options such as &ldquo;cold pressed&rdquo; juice with great flavour combinations will also be available on selected menus to revitalise during a long flight.&nbsp;</p>

<p>Qatar Airways launched a highly-successful pre-select dining option last year, whereby passengers travelling in First and Business Class can pre-select one main course from the &agrave; la carte on-board menu as far as 14 days in advance and up to 24 hours before take-off. This is in addition to the existing Dine-on-Demand service already available for valued First and Business Class passengers. The pre-select service enables First and Business Class passengers to now enjoy even more choice and freedom to create their own personalised dining experience while travelling on selected long-haul flights from Doha.</p>

<p>To pre-select a meal, passengers simply need to log into &lsquo;My Trips&rsquo; on the Qatar Airways website and choose from the seasonal menu available on their flight. Meals can also be ordered through the Qatar Airways mobile app.</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8097',
			'image' => '20180529024159_qatar air.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '8316',
			'article_category_id' => '1',
			'title' => 'OPPO Announces Senior Appointments to Further Advance International Business',
			'sub_title' => '',
			'summary' => 'May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.',
			'content' => '<p>May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.</p>

<p>Alen Wu, vice president of OPPO has been appointed to oversee OPPO&rsquo;s international business, the company said in a statement. In his new role, Alen oversees the entire international operations and is responsible for expediting growth outside China.</p>

<p>&ldquo;International business plays a strategic role and is highly valued at OPPO. Similarly we are also committed to nurturing young talents and promotion from within OPPO,&rdquo; said Tony Chen, CEO of the company, adding, &ldquo;As one of OPPO&rsquo;s key executives, Alen is highly experienced in marketing and possess acute consumer insights. We look forward to his greater contribution to OPPO in the years ahead.&rdquo;&nbsp;&nbsp;</p>

<p>According to the company, Alen Wu, who joined OPPO in 2006, was also in charge of distributor network construction and mobile product marketing. During his charge of China Marketing and Sales, OPPO became one of the top smartphone brands in China and achieved great success in both terms of sales performance and brand building. In his new role, Alen will further enhance OPPO&rsquo;s position as a leading smartphone brand worldwide, lead expansion into new markets and also further develop existing International business.</p>

<p>&quot;Charles Wong, at the same time, is appointed as OPPO Assistant Vice President, OPPO India President, and reports to Alen Wu. He takes the position in order to fulfill the company&rsquo;s growth agenda as OPPO continues to build momentum in the India market. Charles has nearly two decades of experience in marketing and sales. His vision and skills will be responsible for steering OPPO&rsquo;s expansion in India and achieve the company&rsquo;s vision to be a leader in the market,&quot; the statement said.</p>

<p>Commenting on his appointment, Charles Wong said &ldquo;I am extremely excited to be a part of the OPPO India team at an important juncture. Having served in OPPO gives me a good insight of the business, its challenges and varied cultures. The Indian mobile market is growing exponentially and I look forward to further strengthen the brand presence in the Indian markets by providing great user experience with our products&rdquo;.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8096',
			'image' => '20180529012405_OPPO-LOGO for communication from HQ.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
	'articles' => array(
		(int) 0 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 1 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 2 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 3 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 4 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 5 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 6 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 7 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 8 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 9 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 10 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 11 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 12 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 13 => array(
			'Article' => array(
				[maximum depth reached]
			)
		),
		(int) 14 => array(
			'Article' => array(
				[maximum depth reached]
			)
		)
	),
	'current_user' => null,
	'logged_in' => false
)
$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '8330',
			'article_category_id' => '1',
			'title' => 'Finance Minister Urges Private Sector to Increase Investment',
			'sub_title' => '',
			'summary' => 'May 31: Finance Minister Yuba Raj Katiwada, on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.',
			'content' => '<p>May 31: Finance Minister Yuba Raj Katiwada,&nbsp;on Wednesday, urged the private sector to increase investment for the prosperity and development of the nation.</p>

<p>Speaking at a discussion program on budget, Minister Khatiwada said that the country is investment friendly and urged the private sector to fully utilize the situation.</p>

<p>He further added that the government is ready to amend different acts if needed to encourage the private sector to increase investment for the prosperity of the nation.</p>

<p>&ldquo;In co-ordination with the private sector, the government will form Investment Board Act, amend Industrial Enterprises Act, and form new policies to increase domestic investment,&rdquo; he said, adding that the government will not interfere with the private sector.</p>

<p>&ldquo;The government doesn&rsquo;t do business. The government can only create business-friendly environment for the private sector. The private sector should increase the investment afterwards,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8110',
			'image' => '20180531015046_yub raj khatiwada (3).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '8329',
			'article_category_id' => '1',
			'title' => 'Siddhartha Bank onboard IME Pay Wallet',
			'sub_title' => '',
			'summary' => 'May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account.',
			'content' => '<p>May 31: Siddhartha Bank has signed an agreement with IME Digital Solution Limited to help its customers link their IME Pay Wallet with their Siddhartha Bank account. This enables the customers to seamlessly transfer funds to and from their bank accounts to the wallet, IME Digital Solution Limited said in a statement.</p>

<p>The bank&#39;s customers will also be able to avail recharge, payments, small value money transfer services along with myriad of other online and offline services, QR code-based payment services of IME Pay.</p>

<p>With Siddhartha Bank onboard, IME Pay now has four partner banks signed up in its wallet ecosystem. The other banks are Global IME Bank, Sunrise Bank and Bank of Kathmandu.</p>

<p>IME Digital Solution Limited, which developed and introduced mobile money transfer service &ldquo;IME Pay&rdquo; was granted with Payment Service Provider (PSP) license by Nepal Rastra Bank in June, 2017.</p>

<p>The company obtained the operating license under NRB&rsquo;s &ldquo;Payments and Settlement Bylaw 2072&rdquo; for wallet service through mobile telephone network making it the first licensed PSP of the country.</p>
',
			'published' => true,
			'created' => '2018-05-31',
			'modified' => '2018-05-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8109',
			'image' => '20180531010749_IME-Pay-Logo_white (2).jpg',
			'article_date' => '2018-05-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '8328',
			'article_category_id' => '1',
			'title' => 'Govt allocates 33 billion for  agriculture',
			'sub_title' => '',
			'summary' => 'May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.',
			'content' => '<p>May 30: The budget of Fiscal Year 2018/19 has prioritized commercialization of agricultural sector to double the agro production within the next five years.</p>

<p>The government has allocated a total of Rs 33.71 billion for the agriculture sector.</p>

<p>Out of the allocated budget, the government, for the development and commercialization of agricultural sector, has allocated Rs 4.77 billion for the Prime Minister Agriculture Modernization Program.</p>

<p>Finance Minister Yuba Raj Khatiwada said that the government has also allocated budget to provide grants to the farmers. The government has also allocated budget to establish cooperative agricultural farm in seven provinces.</p>

<p>The government has also announced to forgive debts of small farmers who have taken loans from co-operatives.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8108',
			'image' => '20180530052533_20170720022614_khet ropai photo.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '8327',
			'article_category_id' => '1',
			'title' => 'Tourism and Aviation Sector gets Rs 24b',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.',
			'content' => '<p>May 30: The government has allocated more than Rs 24 billion for tourism and civil aviation sector for the fiscal year 2018/2019.</p>

<p>Announcing budget in the parliament&nbsp;on Tuesday, Finance Minister Yuba Raj Khatiwada said that a total of Rs 5.20 billion has been allocated for tourism, while Rs 19 billion has been allocated for civil aviation sector.</p>

<p>The government has prioritized construction of Nijgadh airport, Pokhara Regional International Airport and Gautam Buddha Regional International Airport. Likewise, the government has also allocated budget for the maintenance of Tribhuvan International Airport.</p>

<p>The government has set a plan to organise &lsquo;Visit Nepal 2020&rsquo; campaign. It also has set the target to attract more than 2 million tourists in the country annually. To support the ambitious target, the government will build Kirtipur Cultural Museum, and has also announced other targets to support the tourism sector.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8107',
			'image' => '20180530051051_ds-beni- niskotko barahatal.jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '8326',
			'article_category_id' => '1',
			'title' => 'Government to Provide 5 Percent Subsidy on Export of Industrial Products',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export.',
			'content' => '<p>May 30: The government has announced to provide 5 percent subsidy on the export of industrial products to minimise trade deficit and promote export. The government made such announcement while presenting the budget for the fiscal year 2018/19 in the federal parliament on Tuesday, May 29.</p>

<p>The government has allocated Rs 10 billion for the development of industry, commerce and supply in the upcoming FY. Creating employment opportunities and promoting agriculture, forest and mining industries are mentioned in the budget statement.</p>

<p>The government&#39;s decision to announce subsidy for export is aimed at identifying, developing and promoting the products in the foreign market.</p>

<p><strong>Provisions in the field of Commerce and Supply</strong></p>

<ul>
	<li>Establishment of handicraft selling and exhibition class in all seven provinces.</li>
	<li>Establishment of quarantine laboratory in border points.</li>
	<li>Establishment of freight stations.</li>
	<li>Expansion of areas to acquire certification mark.</li>
	<li>Operation of fair price market through cooperatives in every local level.</li>
	<li>Arrangement of subsidy in food to the citizens having state security identity cards.</li>
	<li>Making supply system competitive and breaking the syndicate in goods and services and &nbsp;pricing.</li>
	<li>Increasing the capacity of petroleum products&rsquo; storage and make it last for at least three months.</li>
	<li>Reviewing Nepal Oil Corporation&rsquo;s system of supply, cost structure and price determination.</li>
</ul>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8106',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '8325',
			'article_category_id' => '1',
			'title' => 'Rs 84 billion allocated for energy sector',
			'sub_title' => '',
			'summary' => 'May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has allocated Rs 83.89 billion for energy sector for the fiscal year 2018/19.</p>

<p>The budget aims to make additional energy available within three years and supply electricity as per the demand within five years.</p>

<p>The budget presented by Finance Minister Dr Yuba Raj Khatiwada in the federal parliament on Tuesday, May 29, proposes terming the years between 2018 and 2028 an energy decade.</p>

<p>The budget plan has focused on issues that were raised by Nepal Electricity Authority and Ministry of Energy, Water Resources and Irrigation.</p>

<p>The budget has included construction of Butwal-Gorakhpur II and other cross-border transmission lines and expansion of internal high-tension lines and Galchi-Rasuwagadi-Kerung cross-border transmission line, which were also in the white paper presented by Barsaman Pun, minister for Energy, Water Resources and Irrigation.</p>

<p>The budget has given extra attention to smart meter and smart grids, projects of the Ministry of Energy and Nepal Electricity Authority. The involvement of private sector in construction of transmission lines, solutions to domestic investment in the development of energy sector are included in the budget plan.</p>

<p>Projects like compensation distribution to people affected by the Budigandaki Hydroelectricity Project, construction of West Seti Hydro Electricity Project with national resources and initiation of Karnali Chisapani Project are included in the budget plan. However, the budget plan is silent about providing the required fund to execute the plans. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8105',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '8321',
			'article_category_id' => '1',
			'title' => 'Government Announces Rs 1.31 Trillion Budget',
			'sub_title' => '',
			'summary' => 'May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19.',
			'content' => '<p>May 30: The government has announced a budget of Rs 1.31 trillion for the fiscal year 2018/19. Finance Minister Dr Yuba Raj Khatiwada presented the budget in the federal parliament on Tuesday, May 29.</p>

<p>The budget allocated for the upcoming fiscal year is more that the budget of the current FY by Rs 268 billion. The budget allocated for the current FY is Rs 1.04 trillion.</p>

<p>The National Planning Commission had set a budget ceiling of Rs 1.24 trillion for the government. However, the government announced the annual budget exceeding the limit by Rs 111 billion.</p>

<p>While presenting the financial details of the government in the parliament, Finance Minister Khatiwada announced that recurrent budget for the upcoming fiscal year has been set at Rs 845.45 billion out the total budget. The government will be spending Rs 314 billion as capital expenditure. The capital expenditure of the government in the current FY is Rs 239 billion.</p>

<p>Likewise, the government has allocated Rs 156 billion for financial management. This is 11.8 percent of the total budget.</p>

<p>The government plans to meet the budget expenditure by collecting Rs 1.03 billion revenue. The government will manage the remaining amount through grants and loans. Finance Minister Khatiwada said that the government will receive grants of Rs 58.81 billion as grant while it will receive Rs 253 billion as loan to meet the deficit of around Rs 300 billion.</p>

<p>Out of the total budget, the government has set aside Rs 1.06 billion for the central government while it has allocated Rs 113 billion for Province 7 and Rs 195 billion for the 753 local units across the country.</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8104',
			'image' => '20180530034749_yub raj khatiwada (2).jpg',
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '8322',
			'article_category_id' => '1',
			'title' => 'Experts' views on Budget',
			'sub_title' => '',
			'summary' => 'Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.',
			'content' => '<p>Following the announcement of budget in the federal parliament by Finance Minister Ybua Raj Khatiwada on Tuesday, May 29, here is the reaction from stakeholders in the field of politics and business.</p>

<p>&nbsp;</p>

<p>Nature of budget is the continuation of previous one</p>

<p>Baburam Bhattarai,</p>

<p>Former prime minister</p>

<p>I became a bit disappointed with the budget announcement. The government seems to have missed an opportunity to lead the country to prosperity despite having majority. It does not seem to address the expectations of the Nepali citizens in bringing about development and prosperity. In essence, the nature of the budget is the continuity of the previous one.</p>

<p>One of the indicators of development is empowerment of provincial and local levels. Development is impossible unless it is carried at the grassroots level. Only Rs 400 billion out of Rs 1300 billion has been allocated for the provincial and local levels.</p>

<p>&nbsp;</p>

<p>Low budget for industrial sector</p>

<p>Madhav Kumar Nepal,</p>

<p>Former prime minister</p>

<p>The country&#39;s economy will prosper if the budget is implemented. The budget is positive about development of infrastructure and education. But only Rs 10 billion has been allocated for the Ministry of Industry. The budget for industrial sector was much less than our expectation. We were hopeful that the budget for industrial sector would range from Rs 40 to 50 billion.</p>

<p>&nbsp;</p>

<p>Budget is positive</p>

<p>Bhawani Rana</p>

<p>President, Federation of Nepalese Chambers of Commerce and Industry</p>

<p>The budget has addressed the issue related to industry in local level, special economic zone (SEZ), and female empowerment.&nbsp; The tax system which has been introduced in the budget has to be studied. Some of our suggestions have been addressed in the budget. We welcome the steps taken to encourage export and discourage import in the business sector. There seems to be an improvement in the tax system and overall the budget looks positive.</p>

<p>&nbsp;</p>

<p>Doubtful on the stability of tax increment</p>

<p>Binod Chaudhary</p>

<p>Businessman</p>

<p>We are yet to analyse the budget of 2075/2076. The government has said that it will increase employment in the country and help to bring back the youths who have gone abroad to earn. Due to micro-level distribution of budget, we can&rsquo;t comment on it right now. The tax has been increased but it is yet to see for how long it remains. The finance minister has announced the plans according to his principles considering the rules and regulations. We need to see if this is applicable in the real scenario.</p>

<p>&nbsp;</p>

<p>Policy wise, the budget is clear</p>

<p>Gyanandra Lal Pradhan</p>

<p>Treasurer, FNCCI</p>

<p>The budget has clear policies. I have been waiting for this kind of budget for many years. The budget is socialist. It has rightly encouraged the area which needs to be encouraged and discouraged the area which needs to be discouraged.&nbsp; The budget has a programme to introduce mega project in every province. According to the programme, the government will bring solar power in Province 2 and 500 Megawatts of electricity production in other six provinces. This will increase our GDP by six percent.</p>

<p>&nbsp;</p>

<p>Encouraging local production is positive</p>

<p>Mohan Katuwal</p>

<p>President, Federation of Grill and Steel Association Nepal</p>

<p>Analyzing the budget, it is overall good.&nbsp; We hope that it will be implemented well. The budget allocation for small entrepreneurs is a positive step.&nbsp; The provision to establish industries in local levels, provide loan to youths by keeping their certificates as collateral, promoting export and giving priority to female entrepreneurs are very much positive.</p>

<p>&nbsp;</p>

<p>Ambitious but optimistic</p>

<p>Hari Bhakta Sharma</p>

<p>President, CNI</p>

<p>We had demanded special programmes for the business sector in Nepal in order to create job opportunities.</p>

<p>The budget has acknowledged this issue but which programme and how much budget is allocated for the matter is yet to know. The challenge for the industries was acquiring land. Now the government has announced to establish industrial estate in all seven provinces of the country. This is a positive aspect of the budget.</p>

<p>Overall, the budget is ambitious but positive and the budget has addressed CNI&#39;s concerns.</p>

<p>&nbsp;</p>

<p>Not as per the expectations</p>

<p>Gyanendra Bahadur Karki</p>

<p>Former finance minister</p>

<p>The budget could not meet the expectation of the Nepali citizens though it comes at a time when there is political stability. This budget is just limited to slogan. It lacks clear direction to transform those slogans into reality. Although there are positive things, it seems to be out of track.</p>

<p>&nbsp;</p>

<p style="margin-left:-4.5pt"><strong>Budget&#39;s effectiveness depends on its execution</strong></p>

<p style="margin-left:-4.5pt"><strong>Babu Lal Chachan</strong></p>

<p style="margin-left:-4.5pt">Chairman, Chachan Group</p>

<p style="margin-left:-4.5pt">The budget announced by the government is much smaller in size than the hype the preceded it and aptly fits in the current context of the country. There were also rumours of increase in Value Added Tax but it has been maintained at 13 percent, which is quite positive.</p>

<p style="margin-left:-4.5pt">The budget has mentioned 5 percent subsidy to encourage export. The government has been poviding subsidies for export to third countries since a long time. However, such subsidies are also needed for export to India, which is one of the fastest growing economies in the world.</p>

<p style="margin-left:-4.5pt">Tax omission in education and health sector is also a positive side of the budget. Management and effectiveness of the budget depends on its execution.</p>

<p style="margin-left:-4.5pt">In general, the budget can be taken positively.</p>

<p><strong>Budget is average </strong></p>

<p><strong>Shyam Giri</strong></p>

<p><strong>President, Federation of Nepal Cottage and Small Industries</strong></p>

<p>The budget is overall average. It has included social sectors. It has also addressed the agriculture sector in a positive way and also addressed the micro-entrepreneurship. The micro entrepreneurs will receive income tax concession for five years, which is a positive aspect of the budget. The provision to provide Rs 700,000 loan to the unemployed youths with their academic certificate as collateral and Rs 1.5 million to the foreign employment returnees has opened new door for entrepreneurship.</p>

<p><strong>Not according to expectation </strong></p>

<p><strong>Pashupati Murarka</strong></p>

<p><strong>Former president, FNCCI</strong></p>

<p>The budget is like the continuity of the previous budgets and it has not met our expectation. We had expected that there would be lots of changes in the programmes but it is almost the same. Another point is that we cannot comment on the substitution of import right now. The government has announced changes in the tax rates, but we are yet to see the document. The income tax net has been expanded. &nbsp;The exit and entry of industries will be easy, and that is a positive point. The issue related to one-door system is raised every year but the implementation part is always lacking. Only 26 percent of the budget has been allocated for the capital expenditure and this is very less.</p>

<p>&nbsp;</p>

<p><strong>Socialist budget</strong></p>

<p><strong>Shekhar Golchha</strong></p>

<p><strong>Senior Vice-President, FNCCI</strong></p>

<p>The budget is socialist and it has addressed the problems and needs of the marginalized communities. The budget is positive. The suggestions of the private sector have been addressed. It is exciting to hear the facility of special economic zones (SEJ) in the budget. However, the challenging part is the implementation. Subsidy for industrial export has reached five percent. This is a very positive news.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8103',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '8324',
			'article_category_id' => '1',
			'title' => 'Real Estate Business to Run From Licensed Companies Only',
			'sub_title' => '',
			'summary' => 'May 30: The real estate business is set to run from licensed companies only. ',
			'content' => '<p>May 30: The real estate business is set to run from licensed companies only. According to the budget statement presented in the federal parliament by Finance Minister Yuba Raj Khatiwada on Tuesday, May 29, the government is all set to implement laws to this effect.</p>

<p>The government is preparing to introduce laws for the management of real estate business. People without registering any firm have been taking commission as per their wish in the real estate business. Former chief of Land Revenue Office, Dillibazar, Padmanidhi Soti said that the abiding by the rule of doing transactions from licensed companies only will assure consistency in fixed commission rate in the business. &ldquo;In addition, it will also increase the revenue of the government,&rdquo; he added.</p>

<p>Ashish Garg, coordinator of Housing Development Unit under Nepal Land and Housing Developers&rsquo; Association (NLHDA), said that though the announcement of government to run the business through licensed companies is good, the government is doing so without any pre-plan. &ldquo;This will create fear among entrepreneurs and result in reduced transaction,&rdquo; he added.</p>

<p>The government has not categorised sectors with mercantile and housing purpose. He said that it will take time to prepare the infrastructure and procedure and to decide companies with what type of proficiency will be handed over the license. &ldquo;The government has started a project that should be implemented after a year so the rule should not be made compulsory,&rdquo; Garg told New Business Age. &nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8102',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '8323',
			'article_category_id' => '1',
			'title' => 'Government Changes Income Tax Rates',
			'sub_title' => '',
			'summary' => 'May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.',
			'content' => '<p>May 30: The government, for the next fiscal year, has made changes on the income tax for all level of earners.</p>

<p>Announcing the budget for the fiscal year 2018/19, Finance Minister Yuba Raj Khatiwada said that the government has lowered income tax for low and middle income people, while the tax for high earning individuals has increased.</p>

<p>The government has set three different rates for income tax. The rate of the taxes on incomes will be 10 percent, 20 percent and 30 percent.</p>

<p>The individuals earning up to Rs 350,000 annually should pay one percent of their earning as income tax. Similarly, the couples together earning Rs 400,000 should also pay one percent of earning as income tax.</p>

<p>Likewise, people having income in between Rs 350,000 to Rs 450,000 have to pay 10 percent from earning as tax. Similarly, people earning above Rs 450,000 will have to pay 20 percent, and individuals having annual income in between Rs 650,000 to Rs 2 million will have to pay 30 percent of their income as tax.</p>

<p>Similarly, people earning more than Rs 2 million will have to pay additional 20 percent more tax (ie 50 percent) than the tax levied by the government in the current fiscal year.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-30',
			'modified' => '2018-05-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8101',
			'image' => null,
			'article_date' => '2018-05-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '8320',
			'article_category_id' => '1',
			'title' => 'Non-performing loans increase by 22 percent',
			'sub_title' => '',
			'summary' => 'May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.',
			'content' => '<p>May 29: The non-performing loans of commercial banks have increased by 22.2 percent in the first nine months of the current fiscal year 2017/18 while the good debt has increased by 15.3 percent in the same period.</p>

<p>Despite suggestions of Nepal Rastra Bank&#39;s Governor Dr Chiranjivi Nepal not to disburse loan in risky areas, commercial banks have disbursed a total amount of Rs 33 billion as non-performing loan. This was revealed by the statistics maintained by Nepal Rastra Bank (NRB) as of mid-April this year.</p>

<p>The central bank has defined good debt and loans under meticulous surveillance as &lsquo;active loans&rsquo; and termed weak, suspicious and bad debt as &lsquo;non-performing loans&rsquo;.</p>

<p>According to the loan categorisation of NRB, the loans which have not been repaid for more than six months are called weak loans. Loans amounting to Rs 10 billion was disbursed by commercial banks of Nepal as of mid-April, 2018. &nbsp;&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8100',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '8319',
			'article_category_id' => '1',
			'title' => 'NRB Issues New Directives for BFIs',
			'sub_title' => '',
			'summary' => 'May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.',
			'content' => '<p>May 29: Nepal Rastra Bank (NRB) has issued the Environment and Social Risk Management Directive for the first time in Nepal with the support of International Finance Corporation (IFC), a member of the World Bank Group.</p>

<p>The directive will help the Banks and Financial Institutions (BFIs) to assess the environment and social security risk involved in the transactions of their customers and help to mitigate such risks.</p>

<p>The directive will set a standard for identifying the environment and social (E&amp;S) risks, their assessment and management.</p>

<p>One of the major risks for financial institutions is related to credit and market. However, the risk also depends on how the customers manage the E&amp;S risk that could arise by transaction with the clients.&nbsp; If this issue is not addressed on time, this can affect the standard of BFIs and also cause the loss of revenue of the BFIs.</p>

<p>&ldquo;Proper ERSM practice will minimize the potential risks, create business opportunities and also improve regional competitiveness of BFIs,&rdquo; said NRB Governor Chiranjivi Nepal. &nbsp;&nbsp;</p>

<p>&ldquo;It is important for Nepal to implement this practice as this will minimize business risk, develop trust in the market and help in attracting investment,&rdquo; &nbsp;said Wendy Werner, country manager of IFC for Nepal, Bangladesh and Bhutan. She said that IFC will continuously support to implement ERSM guidelines in Nepal.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8099',
			'image' => null,
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '8318',
			'article_category_id' => '1',
			'title' => 'Volvo's Service Center Now in Pokhara',
			'sub_title' => '',
			'summary' => 'May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara's Chauthe of Province 4.',
			'content' => '<p>May 29: Explore Earthmovers Pvt Ltd (EEMPL), the authorized distributor of Volvo construction equipment for Nepal, has opened a new branch in Pokhara&#39;s Chauthe of Province 4.</p>

<p>The company said in a statement that the main objective of opening this branch is to provide genuine service and spare parts of Volvo and SDLG products for its customers. Explore Earthmovers Pvt Ltd is dealing with different Volvo and SDLG products like Excavator EC210D, Grader G9138 and G9190, Loader LG936L and LG956F, Compactor SD110BA, Tandem roller DD90B, and Pneumatic Roller PT220.</p>

<p>EEMPL said it established this branch to cover the whole Province 4 of Nepal. From this branch, customers of different districts like Kaski, Parbat, Lamjung, Gorkha, Tanahun, Syangja, Baglung, Myagdi, Mustang, Manang, and Nawalparasi can get swift service and spare parts during needed time.</p>

<p>The Pokhara branch was been opened by members of Explore Earth Movers Pvt Ltd&#39;s head office in Kathmandu and special guest from Volvo, Singapore. At the Pokhara branch, service engineer will be available for 24/7 hrs, the company said in the statement. The engineer will reach any site of the province within 24 hours.</p>

<p>Peh Jing Peng, director of Volvo East Asia Pacific Ltd, Singapore highlighted about Volvo policies and vision for Nepal.</p>

<p>&quot;The objective of opening this branch is to reduce breakdown time of machine,&quot; the statement said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8098',
			'image' => '20180529025710_Volvo_Trucks__Bus_logo (2).jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '8317',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Launches New On-Board Dining Experience for Premium Customers',
			'sub_title' => '',
			'summary' => 'May 29:  Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. ',
			'content' => '<p>May 29:&nbsp; Qatar Airways has launched an exciting new on-board dining experience for its premium customers, starting with its European routes. The new concepts include newly-designed tableware, in-flight dining menus, cutlery and chinaware that are specially crafted to meet travellers&rsquo; high expectations and elevate their experience on board, the airline said in a statement.</p>

<p>Qatar Airways said it has also put a greater focus on featuring regional influences within the menu design process, which now sees the inclusion of new signature dishes to the in-flight menu based on route destinations, such as the offering of porcini and truffle risotto on Italian sectors.</p>

<p>&quot;Traditionally prepared Arabic main dishes such as kabsa, biryani and flame-grilled meats, which offer a taste of the Middle East, will feature as a choice option across most routes,&quot; the statement said.</p>

<p>According to the airline, new signature warm desserts will be introduced to passengers in the Business Class cabin, in addition to a luxurious afternoon tea experience on board selected routes. The airline said that it has given attention to details of every new concept, from the mini condiment grinders dispensing ground black peppercorns and Himalayan pink salt, to tableware such as the linen-lined bread baskets that house a freshly baked trio of bread.</p>

<p>Qatar Airways Group Chief Executive Akbar Al Baker, said, &ldquo;Qatar Airways is thrilled to introduce a whole new on-board dining experience that will push the boundaries of Premium travel for our esteemed passengers. Every new concept was designed and produced with the highest attention to details and quality, to meet the exacting standards of our passengers. Qatar Airways is collaborating closely with local farms and suppliers to produce products for our specific needs, promoting a &lsquo;farm-to-table&rsquo; approach. Our in-flight dining menus are designed to align with the four seasons, better incorporating the use of locally-grown produce and tapping into authentic foods of local provenance delivering the very highest international standards.&rdquo;</p>

<p>The national carrier of the State of Qatar said it has recognised the emerging trend of its travellers being more aware of their dietary needs and expressing interests in healthier food options. Qatar Airways further said it supports its customers&rsquo; desires and will now feature lighter options, such as fresh crisp salads, woodland berries, warm breakfast oatmeal and more. Healthier drink options such as &ldquo;cold pressed&rdquo; juice with great flavour combinations will also be available on selected menus to revitalise during a long flight.&nbsp;</p>

<p>Qatar Airways launched a highly-successful pre-select dining option last year, whereby passengers travelling in First and Business Class can pre-select one main course from the &agrave; la carte on-board menu as far as 14 days in advance and up to 24 hours before take-off. This is in addition to the existing Dine-on-Demand service already available for valued First and Business Class passengers. The pre-select service enables First and Business Class passengers to now enjoy even more choice and freedom to create their own personalised dining experience while travelling on selected long-haul flights from Doha.</p>

<p>To pre-select a meal, passengers simply need to log into &lsquo;My Trips&rsquo; on the Qatar Airways website and choose from the seasonal menu available on their flight. Meals can also be ordered through the Qatar Airways mobile app.</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8097',
			'image' => '20180529024159_qatar air.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '8316',
			'article_category_id' => '1',
			'title' => 'OPPO Announces Senior Appointments to Further Advance International Business',
			'sub_title' => '',
			'summary' => 'May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.',
			'content' => '<p>May 29: Chinese smartphone company OPPO on Monday, May 28, announced new leadership aimed at expediting its international business and cultivating young talents.</p>

<p>Alen Wu, vice president of OPPO has been appointed to oversee OPPO&rsquo;s international business, the company said in a statement. In his new role, Alen oversees the entire international operations and is responsible for expediting growth outside China.</p>

<p>&ldquo;International business plays a strategic role and is highly valued at OPPO. Similarly we are also committed to nurturing young talents and promotion from within OPPO,&rdquo; said Tony Chen, CEO of the company, adding, &ldquo;As one of OPPO&rsquo;s key executives, Alen is highly experienced in marketing and possess acute consumer insights. We look forward to his greater contribution to OPPO in the years ahead.&rdquo;&nbsp;&nbsp;</p>

<p>According to the company, Alen Wu, who joined OPPO in 2006, was also in charge of distributor network construction and mobile product marketing. During his charge of China Marketing and Sales, OPPO became one of the top smartphone brands in China and achieved great success in both terms of sales performance and brand building. In his new role, Alen will further enhance OPPO&rsquo;s position as a leading smartphone brand worldwide, lead expansion into new markets and also further develop existing International business.</p>

<p>&quot;Charles Wong, at the same time, is appointed as OPPO Assistant Vice President, OPPO India President, and reports to Alen Wu. He takes the position in order to fulfill the company&rsquo;s growth agenda as OPPO continues to build momentum in the India market. Charles has nearly two decades of experience in marketing and sales. His vision and skills will be responsible for steering OPPO&rsquo;s expansion in India and achieve the company&rsquo;s vision to be a leader in the market,&quot; the statement said.</p>

<p>Commenting on his appointment, Charles Wong said &ldquo;I am extremely excited to be a part of the OPPO India team at an important juncture. Having served in OPPO gives me a good insight of the business, its challenges and varied cultures. The Indian mobile market is growing exponentially and I look forward to further strengthen the brand presence in the Indian markets by providing great user experience with our products&rdquo;.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-05-29',
			'modified' => '2018-05-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '8096',
			'image' => '20180529012405_OPPO-LOGO for communication from HQ.jpg',
			'article_date' => '2018-05-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117