April 11: Xiangya Nursing School under Central South University has signed an agreement with Bharatpur Metropolitan City to provide scholarships to deserving students of the…
April 11: Xiangya Nursing School under Central South University has signed an agreement with Bharatpur Metropolitan City to provide scholarships to deserving students of the…
April 11: Mega Bank has introduced a new programme under its saving and fixed deposit…
April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers.…
April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the…
April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18.…
April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio…
April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the…
April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan…
April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers'…
April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at…
April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the…
April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the…
April 11: Everest Bank has unveiled its calendar for the upcoming year 2075.…
April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches.…
April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls…
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The scholarship will be provided to hard-working students and those from weak financial background. </p> <p>Speaking at the programme, Dahal mentioned that the agreement will not only assist the educational sector but will help Chitwan prosper. Similarly, expressing his optimism, Prof Thanh committed to move forward other projects under One Belt One Road Project.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7718', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7936', 'article_category_id' => '1', 'title' => 'Mega Bank Introduces 'Sarbapriya' Saving Account', 'sub_title' => '', 'summary' => 'April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account.', 'content' => '<p>April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account. Issuing a press statement on Tuesday, the bank said that it has started "Sarbapriya" saving account with 8 percent interest rate on the occasion of Nepali New Year.</p> <p>“The bank will provide free services like Visa debit card, credit card, online banking, SMS service, ABBS facility, cheque book and account statement under the newly introduced programme,” a statement issued by the bank said, adding that the account holders can get discount up to Rs 500,000 in accidental insurance scheme and locker service.</p> <p>The bank has introduced 60 days' fixed deposit account with 10 percent interest rate and 1 year fixed deposit account in which the account holder can get interest rate of 11 percent. The programme will come into operation from April, 15. </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7717', 'image' => '20180411043329_Mega_Bank.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7935', 'article_category_id' => '1', 'title' => 'New Year Schemes Galore Automobile Market ', 'sub_title' => '', 'summary' => 'April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. ', 'content' => '<p>April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. The dealers have decided to facilitate the buyers with cash discounts and various facilities on the purchase. </p> <p>Laxmi Intercontinental, the sales agent of Hyundai Motors, has introduced' Hyundai New Year Delight' scheme for the New Year. The company introduced the scheme from March 22 offering cash discount up to Rs 713,000. Similarly exchange offer along with finance facilities have also been introduced.</p> <p>Buyers under the discount scheme are offered instant cash discount between Rs 165,900 to Rs 713,000 on purchases of Eon and Santa Fe cars. The company is also offering free servicing for 4 years and warranty of 3 years along with the discount. This scheme will last until the first month of the Nepali New Year (mid-March).</p> <p>Likewise, Sipradi Trading, the authorized dealers of Tata Motors, has launched "Sunaulo New Year" scheme. The company said it intoduced the scheme with the aim of assisting the customers with extra comfort.</p> <p>Under this scheme, Tata is offering 69.9 gm of gold in purchase of every passenger vehicle except for Nexon car. Besides, the costumers are also offered free insurance and accessories for a year on purchase of Tata vehicles. The company will be paying the vehicle and road tax for a year under this scheme.</p> <p>Similarly, CG Motors, the authorized dealers of Suzuki Motors, is offering cash discount worth Rs 30,000-Rs 150,000 along with free insurance facility under its New Year scheme.</p> <p>MAW, the authorized distributor of Skoda cars, have also introduced attractive New Year scheme since the last one month. Skoda is offered with only 35 percent of down payment and 65 percent finance facility with only 8.99 percent interest rate. The scheme is only offered for Rapid Skoda car. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7716', 'image' => '20180411042813__DSC7852.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7934', 'article_category_id' => '1', 'title' => '“China Always Ready to Support Nepal”', 'sub_title' => '', 'summary' => 'April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation.', 'content' => '<p>April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation. The power generated from the system will be connected to the national grid.</p> <p>Prime Minister KP Sharma Oli and Chinese Ambassador to Nepal Yu Hong jointly inaugurated the solar system amid a function in Kathmandu on April 10. The solar power system is installed at more than 20 government authorities of Singah Durbar.</p> <p>Addressing the event, PM Oli said that the development of solar power system is a must to provide energy in the rural parts of the country, where supplying electrical energy is very difficult.</p> <p>“We have enough resources. In Nepal, supplying electrical energy to the rural parts is very costly,” Oli said. “So, installing solar and wind power in the remote areas will also help for the overall development of the country and to create employment opportunities.”</p> <p>Likewise, Chinese Ambassador to Nepal Yu Hong said that the Chinese government will always support Nepal for its development through different projects. She further added that the Chinese government had installed a total of 35,000 sets of household solar power system with a total generation capacity of 750kW.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7715', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7933', 'article_category_id' => '1', 'title' => 'ADB Projects 4.9 Percent Growth Rate of Nepal', 'sub_title' => '', 'summary' => 'April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. ', 'content' => '<p>April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. A macroeconomic update unveiled by the ADB on Wednesday, April 11, attributed the slow pace of growth to the floods of August 2017.</p> <p>This is a slight upward revision of the 4.7 percent growth forecast published in the September edition of the Macroeconomic Update 2017 reflecting somewhat better-than-expected harvest despite floods in mid-August, the report said.</p> <p>Preliminary data from the Ministry of Agricultural, Land Management and Cooperatives show that paddy production this fiscal year will fall to 5.1 million tons, a decrease of 1.5 percent from a year earlier, ADB's Country Director for Nepal Mukhtor Khamudkhanov read the report during a function organised in the capital.</p> <p>"The production of other summer crops like maize and millet are expected to increase in FY2018 compared to the previous year. Even with increased capacity utilization of industries, industrial growth is set to be lower in FY2018 from the high rate in FY2017, largely due to low investment in the manufacturing sub-sector for years owing to political instability and structural bottlenecks," the report states.</p> <p>The services sector will however remain buoyant given the expansion of wholesale and retail trade, financial intermediation and travel and tourism sub-sectors, according to the report.</p> <p>On the demand side, substantive growth in government expenditures and a moderate uptick in investment will drive growth in FY2018, ADB informed.</p> <p>"The construction needs particularly for establishing provincial and local governments, the acceleration of post-earthquake reconstruction, and planned disbursement of relief grants to earthquake victims will induce growth. Government expenditures have increased significantly this fiscal year partly for local, provincial and parliamentary elections. Additionally, the government has apportioned fiscal transfer of Rs 232.2 billion (about 8.0 percent of GDP) to local and provincial governments under the federal structure of governance. Private investment has increased in sectors such as hydro and cement."</p> <p>Meanwhile, ADB has envisaged 5.5 percent GDP growth for FY2019. According to ADB, this higher forecast hinges on the assumption of normal monsoon and acceleration of ongoing mega projects.</p> <p>Notably, the Upper Tamakoshi Hydropower Project of 456 megawatt will likely be added to the national grid by FY2019, ending the country’s reliance on power import at least during the rainy season.</p> <p>Average annual inflation is expected to rise moderately to 5.5 percent in FY2018 from 4.5 percent in FY2017. This is below the inflation target of 7.0 percent set by Nepal Rastra Bank, the central bank.</p> <p>Inflation as of mid-February 2018 moderated on the back of modest oil prices, ease in the supply of goods, and subdued inflation in India-the major trading partner to whose currency the Nepali rupee is pegged, according to the report.</p> <p>"It will nonetheless likely inch up in the remaining months of FY2018 as base effects erode and government expenditures increase with the fiscal transfers provided to meet spending needs of provincial and local governments and the planned disbursement of relief grants to earthquake victims," the report states.</p> <p>The ADB report further states that the average annual inflation will likely edge up to 6.0% in FY2019, lower than the average inflation of 8.1% for FY2013-FY2017, assuming a normal harvest, a modest increase in oil prices and subdued inflation in India.</p> <p>Meanwhile, revenue collection increased by about 21.0 percent year-on-year in the first seven months of FY2018 compared to a year earlier period. It increased primarily on higher import growth. As per the report, import growth has outpaced export growth leading to a widening trade deficit. Merchandise exports increased by 19.2 percent year-on-year to $ 523.7 million in the first seven months of FY2018, marginally lower than the 19.8 percent rate in the corresponding period a year earlier.</p> <p>This edition of Macroeconomic Update’s Issue Focus sheds light on the importance of agricultural commercialization in Nepal and the need for its effective implementation by addressing legal, institutional, financial and infrastructural barriers. With about one-third share of GDP, agriculture continues to provide livelihood to two-thirds of the country’s population, but mostly at a subsistence level.</p> <p>According to the report, Nepal today is largely a food deficient country evident in growing imports of agriculture and livestock products. Even the export performance of potentially competitive agro-products is discouraging. The inability to enhance agricultural productivity commensurate with growing population has fueled agricultural trade deficit. Productivity has stagnated owing to limits on the adoption of improved technology, poor market linkages, infrastructure bottlenecks, and quality issues.The report suggests that commercialized agriculture via contract and cooperative farming methods can be one of the major sources of revenue generation for the country if practiced on a wider scale.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7714', 'image' => '20180411035432_1 (4).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7932', 'article_category_id' => '1', 'title' => 'Macchapuchre, Civil banks to finance 70 percent for Paggio', 'sub_title' => '', 'summary' => 'April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers.', 'content' => '<p>April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers. The banks have agreed to finance up to 70 percent for the purchase of the three-wheeler brand. </p> <p>The agreement was signed by Vivek Dugar, CEO of Vivek Automobiles Pvt Ltd, Sujit Kumar Shakya, chief business officer of Civil Bank, and Sarju Thapa, chief business officer of Machhapuchre Bank. The three-wheelers can be used to carry passengers and also carry loads from one place to another. The transport vehicle can be operated with small investment.</p> <p>According to Vivek Dugar, bringing the three-wheelers in Kathmandu will contribute in creating employment. Vivek Automobiles is the authorised distributor of Piaggio in Nepal.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7713', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7931', 'article_category_id' => '1', 'title' => 'Siddhartha Bank extends financial support to Nepal Eye Hospital', 'sub_title' => '', 'summary' => 'April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.', 'content' => '<p>April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.</p> <p>Deputy General Manager of the bank, Rameshwor Prasad Bashyal, handed over the cheque of Rs 110,000 to Biswa Kanta Mainali, chairman of Nepal Eye Hospital amidst a function organised on the occasion of 44<sup>th</sup> anniversary of Nepal Eye Hospital.</p> <p>DGM Bashyal expressed his immense gratification on behalf of Siddhartha Bank for having had an opportunity to serve the society and assured that the bank will continue to address the needs of the community and work for the betterment of the Nepali society in the future as well.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7712', 'image' => '20180411023606_IMG_1279.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7930', 'article_category_id' => '1', 'title' => 'NIC Asia Bank signs loan agreement with IFC', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.', 'content' => '<p>April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.</p> <p>Issuing a press statement, NIC Asia Bank said that its Acting CEO Roshan K Neupane and Mohammed Rehan Rashid, resident representative of IFC, signed the agreement on behalf of their respective organisations. The loan from IFC is subject to approval from Nepal Rastra Bank.</p> <p>According to the statement, IFC assists developing countries to achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.</p> <p>"With the anticipation of continuing stress on domestic liquidity and continued pressure on Balance of Payments (BOP), the liquidity outlook does not appear to be on optimistic side thus leading to inadequate deposits supply to support the credit growth required to secure targeted economic growth of the country. Therefore, the bank has approached international banks and financial institutions to secure long-term borrowings to facilitate credit growth in priority sectors," the statement further reads.</p> <p>The bank said it believes this kind of initiation with IFC would open opportunities for domestic banks to borrow from international banks setting up a historic milestone in the Nepali banking arena.</p> <p>The loan obtained from IFC shall be mobilized in extending credit to the productive sectors designated by the central bank.</p> <p>NIC Asia Bank is currently operating with its network of 192 branches, 195 ATM’s, four extension counters and four branchless banking locations across the country.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7711', 'image' => '20180411022020_Photograph foad.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7929', 'article_category_id' => '1', 'title' => 'TVS Exchange Jatra Held', 'sub_title' => '', 'summary' => 'April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs.', 'content' => '<p>April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs. The Exchange Jatra which took place at Sallaghari Ground in Bhaktapur, saw notable footfall and customer participation.</p> <p>The jatra was held April 6 to 10 and provided many customer-centric offers, the company said in a statement. According to the marketing head of Jagdamba Motors Pvt Ltd, any motorcycle or scooter of any condition was exchanged with a new TVS motorcycle or scooter at a minimum valuation of Rs 25,000. </p> <p>Along with the best valuation of bikes/scooters, the New Year’s gift of Rs 8001 instant cash back was also provided. The Exchange Jatra also offered free gift hampers in every test ride, a free TVS helmet worth Rs 2500, one smart phone every day for one person through lucky draw, quizzes and other attractions.</p> <p>The company claimed that the Jatra, which was organized to make the customers' two-wheeler purchase and exchange process easier, was held successfully. According to the company, the Jatra will be held again at various pre-informed locations soon.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7710', 'image' => '20180411021118_Logo.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7928', 'article_category_id' => '1', 'title' => 'Agni Energy Opens Mahindra Electric Service Station', 'sub_title' => '', 'summary' => 'April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.', 'content' => '<p>April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.</p> <p>Kunda Dixit, the editor -in-chief and publisher of Nepali Times, inaugurated the station amid a function on Tuesday, April 10. Issuing a press release, the company said that the station has been established to provide the best after-sales service and international brand experience to its customers.</p> <p>According to the company, the service center will act as pre-delivery inspection unit (PDI) for Mahindra e2o and Mahindra eSupro to ensure that the customers receive the car in the best condition without damages.</p> <p>The station will not only provide servicing and spare parts for Mahindra's electric cars, Mahindra e2p and eSupro, but also provide spare parts and services for house Kevin invertors, Konstant battery and Mahindra Powerol Generator, reads the statement.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7709', 'image' => '20180411011824__MG_0165.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7927', 'article_category_id' => '1', 'title' => 'NCC Bank and Reliance Life Insurance Ink Bancassurance Agreement', 'sub_title' => '', 'summary' => 'April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.', 'content' => '<p>April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.</p> <p>The bank's CEO Ranesh Raj Aryal and the insurance company's CEO Prabin Raman Parajuli signed an agreement amid a function on Tuesday, April 10. Following the agreement, the bank's customers can access any kind of insurance service provided by the insurance company.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7708', 'image' => '20180411015159_NCC.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '7926', 'article_category_id' => '1', 'title' => 'Gaindakot Branch of NIC Asia Bank', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.', 'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p> <p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank's <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7707', 'image' => '20180411123823_download (1).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7925', 'article_category_id' => '1', 'title' => 'Everest Bank Unveils New Year Calendar', 'sub_title' => '', 'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ', 'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank's Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p> <p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7706', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7924', 'article_category_id' => '1', 'title' => 'Kumari Supports Construction of Cow Shelter', 'sub_title' => '', 'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p> <p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p> <p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank. </p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7705', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '7923', 'article_category_id' => '1', 'title' => '“Entrepreneurship is not just about Fame and Money”', 'sub_title' => '', 'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).', 'content' => '<p>April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).</p> <p>During a session of ‘X-Preneur’ on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p> <p>Urban Girls is an e-commerce shopping platform which started in 2013. “The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,” she said.</p> <p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with ‘X-Preneur 2.0’ next year.</p> <p>‘X-preneur’ is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p> <p>The next session of ‘X-preneur’ will be held on April 22 at 4.30 pm in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. “The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,” a statement issued by the organizers reads.</p> <p>‘X-Preneur’ is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7704', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7937', 'article_category_id' => '1', 'title' => 'Chinese University to Provide Scholarships to Students of Bharatpur Metropolis', 'sub_title' => '', 'summary' => 'April 11: Xiangya Nursing School under Central South University has signed an agreement with Bharatpur Metropolitan City to provide scholarships to deserving students of the metropolis.', 'content' => '<p>April 11: Xiangya Nursing School under Central South University has signed an agreement with Bharatpur Metropolitan City to provide scholarships to deserving students of the metropolis.</p> <p>Renu Dahal, mayor of Bharatpur and Prof Thanh Xuan, dean of the nursing school, signed the agreement amid a programme on April 10.</p> <p>“The agreement has been made with Bharatpur metropolis to provide full and partial scholarships to 20 and 50 deserving students respectively,” reads a joint statement issued by the university and the metropolis. The scholarship will be provided to hard-working students and those from weak financial background. </p> <p>Speaking at the programme, Dahal mentioned that the agreement will not only assist the educational sector but will help Chitwan prosper. Similarly, expressing his optimism, Prof Thanh committed to move forward other projects under One Belt One Road Project.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7718', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7936', 'article_category_id' => '1', 'title' => 'Mega Bank Introduces 'Sarbapriya' Saving Account', 'sub_title' => '', 'summary' => 'April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account.', 'content' => '<p>April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account. Issuing a press statement on Tuesday, the bank said that it has started "Sarbapriya" saving account with 8 percent interest rate on the occasion of Nepali New Year.</p> <p>“The bank will provide free services like Visa debit card, credit card, online banking, SMS service, ABBS facility, cheque book and account statement under the newly introduced programme,” a statement issued by the bank said, adding that the account holders can get discount up to Rs 500,000 in accidental insurance scheme and locker service.</p> <p>The bank has introduced 60 days' fixed deposit account with 10 percent interest rate and 1 year fixed deposit account in which the account holder can get interest rate of 11 percent. The programme will come into operation from April, 15. </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7717', 'image' => '20180411043329_Mega_Bank.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7935', 'article_category_id' => '1', 'title' => 'New Year Schemes Galore Automobile Market ', 'sub_title' => '', 'summary' => 'April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. ', 'content' => '<p>April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. The dealers have decided to facilitate the buyers with cash discounts and various facilities on the purchase. </p> <p>Laxmi Intercontinental, the sales agent of Hyundai Motors, has introduced' Hyundai New Year Delight' scheme for the New Year. The company introduced the scheme from March 22 offering cash discount up to Rs 713,000. Similarly exchange offer along with finance facilities have also been introduced.</p> <p>Buyers under the discount scheme are offered instant cash discount between Rs 165,900 to Rs 713,000 on purchases of Eon and Santa Fe cars. The company is also offering free servicing for 4 years and warranty of 3 years along with the discount. This scheme will last until the first month of the Nepali New Year (mid-March).</p> <p>Likewise, Sipradi Trading, the authorized dealers of Tata Motors, has launched "Sunaulo New Year" scheme. The company said it intoduced the scheme with the aim of assisting the customers with extra comfort.</p> <p>Under this scheme, Tata is offering 69.9 gm of gold in purchase of every passenger vehicle except for Nexon car. Besides, the costumers are also offered free insurance and accessories for a year on purchase of Tata vehicles. The company will be paying the vehicle and road tax for a year under this scheme.</p> <p>Similarly, CG Motors, the authorized dealers of Suzuki Motors, is offering cash discount worth Rs 30,000-Rs 150,000 along with free insurance facility under its New Year scheme.</p> <p>MAW, the authorized distributor of Skoda cars, have also introduced attractive New Year scheme since the last one month. Skoda is offered with only 35 percent of down payment and 65 percent finance facility with only 8.99 percent interest rate. The scheme is only offered for Rapid Skoda car. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7716', 'image' => '20180411042813__DSC7852.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7934', 'article_category_id' => '1', 'title' => '“China Always Ready to Support Nepal”', 'sub_title' => '', 'summary' => 'April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation.', 'content' => '<p>April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation. The power generated from the system will be connected to the national grid.</p> <p>Prime Minister KP Sharma Oli and Chinese Ambassador to Nepal Yu Hong jointly inaugurated the solar system amid a function in Kathmandu on April 10. The solar power system is installed at more than 20 government authorities of Singah Durbar.</p> <p>Addressing the event, PM Oli said that the development of solar power system is a must to provide energy in the rural parts of the country, where supplying electrical energy is very difficult.</p> <p>“We have enough resources. In Nepal, supplying electrical energy to the rural parts is very costly,” Oli said. “So, installing solar and wind power in the remote areas will also help for the overall development of the country and to create employment opportunities.”</p> <p>Likewise, Chinese Ambassador to Nepal Yu Hong said that the Chinese government will always support Nepal for its development through different projects. She further added that the Chinese government had installed a total of 35,000 sets of household solar power system with a total generation capacity of 750kW.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7715', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7933', 'article_category_id' => '1', 'title' => 'ADB Projects 4.9 Percent Growth Rate of Nepal', 'sub_title' => '', 'summary' => 'April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. ', 'content' => '<p>April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. A macroeconomic update unveiled by the ADB on Wednesday, April 11, attributed the slow pace of growth to the floods of August 2017.</p> <p>This is a slight upward revision of the 4.7 percent growth forecast published in the September edition of the Macroeconomic Update 2017 reflecting somewhat better-than-expected harvest despite floods in mid-August, the report said.</p> <p>Preliminary data from the Ministry of Agricultural, Land Management and Cooperatives show that paddy production this fiscal year will fall to 5.1 million tons, a decrease of 1.5 percent from a year earlier, ADB's Country Director for Nepal Mukhtor Khamudkhanov read the report during a function organised in the capital.</p> <p>"The production of other summer crops like maize and millet are expected to increase in FY2018 compared to the previous year. Even with increased capacity utilization of industries, industrial growth is set to be lower in FY2018 from the high rate in FY2017, largely due to low investment in the manufacturing sub-sector for years owing to political instability and structural bottlenecks," the report states.</p> <p>The services sector will however remain buoyant given the expansion of wholesale and retail trade, financial intermediation and travel and tourism sub-sectors, according to the report.</p> <p>On the demand side, substantive growth in government expenditures and a moderate uptick in investment will drive growth in FY2018, ADB informed.</p> <p>"The construction needs particularly for establishing provincial and local governments, the acceleration of post-earthquake reconstruction, and planned disbursement of relief grants to earthquake victims will induce growth. Government expenditures have increased significantly this fiscal year partly for local, provincial and parliamentary elections. Additionally, the government has apportioned fiscal transfer of Rs 232.2 billion (about 8.0 percent of GDP) to local and provincial governments under the federal structure of governance. Private investment has increased in sectors such as hydro and cement."</p> <p>Meanwhile, ADB has envisaged 5.5 percent GDP growth for FY2019. According to ADB, this higher forecast hinges on the assumption of normal monsoon and acceleration of ongoing mega projects.</p> <p>Notably, the Upper Tamakoshi Hydropower Project of 456 megawatt will likely be added to the national grid by FY2019, ending the country’s reliance on power import at least during the rainy season.</p> <p>Average annual inflation is expected to rise moderately to 5.5 percent in FY2018 from 4.5 percent in FY2017. This is below the inflation target of 7.0 percent set by Nepal Rastra Bank, the central bank.</p> <p>Inflation as of mid-February 2018 moderated on the back of modest oil prices, ease in the supply of goods, and subdued inflation in India-the major trading partner to whose currency the Nepali rupee is pegged, according to the report.</p> <p>"It will nonetheless likely inch up in the remaining months of FY2018 as base effects erode and government expenditures increase with the fiscal transfers provided to meet spending needs of provincial and local governments and the planned disbursement of relief grants to earthquake victims," the report states.</p> <p>The ADB report further states that the average annual inflation will likely edge up to 6.0% in FY2019, lower than the average inflation of 8.1% for FY2013-FY2017, assuming a normal harvest, a modest increase in oil prices and subdued inflation in India.</p> <p>Meanwhile, revenue collection increased by about 21.0 percent year-on-year in the first seven months of FY2018 compared to a year earlier period. It increased primarily on higher import growth. As per the report, import growth has outpaced export growth leading to a widening trade deficit. Merchandise exports increased by 19.2 percent year-on-year to $ 523.7 million in the first seven months of FY2018, marginally lower than the 19.8 percent rate in the corresponding period a year earlier.</p> <p>This edition of Macroeconomic Update’s Issue Focus sheds light on the importance of agricultural commercialization in Nepal and the need for its effective implementation by addressing legal, institutional, financial and infrastructural barriers. With about one-third share of GDP, agriculture continues to provide livelihood to two-thirds of the country’s population, but mostly at a subsistence level.</p> <p>According to the report, Nepal today is largely a food deficient country evident in growing imports of agriculture and livestock products. Even the export performance of potentially competitive agro-products is discouraging. The inability to enhance agricultural productivity commensurate with growing population has fueled agricultural trade deficit. Productivity has stagnated owing to limits on the adoption of improved technology, poor market linkages, infrastructure bottlenecks, and quality issues.The report suggests that commercialized agriculture via contract and cooperative farming methods can be one of the major sources of revenue generation for the country if practiced on a wider scale.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7714', 'image' => '20180411035432_1 (4).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7932', 'article_category_id' => '1', 'title' => 'Macchapuchre, Civil banks to finance 70 percent for Paggio', 'sub_title' => '', 'summary' => 'April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers.', 'content' => '<p>April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers. The banks have agreed to finance up to 70 percent for the purchase of the three-wheeler brand. </p> <p>The agreement was signed by Vivek Dugar, CEO of Vivek Automobiles Pvt Ltd, Sujit Kumar Shakya, chief business officer of Civil Bank, and Sarju Thapa, chief business officer of Machhapuchre Bank. The three-wheelers can be used to carry passengers and also carry loads from one place to another. The transport vehicle can be operated with small investment.</p> <p>According to Vivek Dugar, bringing the three-wheelers in Kathmandu will contribute in creating employment. Vivek Automobiles is the authorised distributor of Piaggio in Nepal.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7713', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7931', 'article_category_id' => '1', 'title' => 'Siddhartha Bank extends financial support to Nepal Eye Hospital', 'sub_title' => '', 'summary' => 'April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.', 'content' => '<p>April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.</p> <p>Deputy General Manager of the bank, Rameshwor Prasad Bashyal, handed over the cheque of Rs 110,000 to Biswa Kanta Mainali, chairman of Nepal Eye Hospital amidst a function organised on the occasion of 44<sup>th</sup> anniversary of Nepal Eye Hospital.</p> <p>DGM Bashyal expressed his immense gratification on behalf of Siddhartha Bank for having had an opportunity to serve the society and assured that the bank will continue to address the needs of the community and work for the betterment of the Nepali society in the future as well.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7712', 'image' => '20180411023606_IMG_1279.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7930', 'article_category_id' => '1', 'title' => 'NIC Asia Bank signs loan agreement with IFC', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.', 'content' => '<p>April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.</p> <p>Issuing a press statement, NIC Asia Bank said that its Acting CEO Roshan K Neupane and Mohammed Rehan Rashid, resident representative of IFC, signed the agreement on behalf of their respective organisations. The loan from IFC is subject to approval from Nepal Rastra Bank.</p> <p>According to the statement, IFC assists developing countries to achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.</p> <p>"With the anticipation of continuing stress on domestic liquidity and continued pressure on Balance of Payments (BOP), the liquidity outlook does not appear to be on optimistic side thus leading to inadequate deposits supply to support the credit growth required to secure targeted economic growth of the country. Therefore, the bank has approached international banks and financial institutions to secure long-term borrowings to facilitate credit growth in priority sectors," the statement further reads.</p> <p>The bank said it believes this kind of initiation with IFC would open opportunities for domestic banks to borrow from international banks setting up a historic milestone in the Nepali banking arena.</p> <p>The loan obtained from IFC shall be mobilized in extending credit to the productive sectors designated by the central bank.</p> <p>NIC Asia Bank is currently operating with its network of 192 branches, 195 ATM’s, four extension counters and four branchless banking locations across the country.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7711', 'image' => '20180411022020_Photograph foad.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7929', 'article_category_id' => '1', 'title' => 'TVS Exchange Jatra Held', 'sub_title' => '', 'summary' => 'April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs.', 'content' => '<p>April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs. The Exchange Jatra which took place at Sallaghari Ground in Bhaktapur, saw notable footfall and customer participation.</p> <p>The jatra was held April 6 to 10 and provided many customer-centric offers, the company said in a statement. According to the marketing head of Jagdamba Motors Pvt Ltd, any motorcycle or scooter of any condition was exchanged with a new TVS motorcycle or scooter at a minimum valuation of Rs 25,000. </p> <p>Along with the best valuation of bikes/scooters, the New Year’s gift of Rs 8001 instant cash back was also provided. The Exchange Jatra also offered free gift hampers in every test ride, a free TVS helmet worth Rs 2500, one smart phone every day for one person through lucky draw, quizzes and other attractions.</p> <p>The company claimed that the Jatra, which was organized to make the customers' two-wheeler purchase and exchange process easier, was held successfully. According to the company, the Jatra will be held again at various pre-informed locations soon.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7710', 'image' => '20180411021118_Logo.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7928', 'article_category_id' => '1', 'title' => 'Agni Energy Opens Mahindra Electric Service Station', 'sub_title' => '', 'summary' => 'April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.', 'content' => '<p>April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.</p> <p>Kunda Dixit, the editor -in-chief and publisher of Nepali Times, inaugurated the station amid a function on Tuesday, April 10. Issuing a press release, the company said that the station has been established to provide the best after-sales service and international brand experience to its customers.</p> <p>According to the company, the service center will act as pre-delivery inspection unit (PDI) for Mahindra e2o and Mahindra eSupro to ensure that the customers receive the car in the best condition without damages.</p> <p>The station will not only provide servicing and spare parts for Mahindra's electric cars, Mahindra e2p and eSupro, but also provide spare parts and services for house Kevin invertors, Konstant battery and Mahindra Powerol Generator, reads the statement.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7709', 'image' => '20180411011824__MG_0165.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7927', 'article_category_id' => '1', 'title' => 'NCC Bank and Reliance Life Insurance Ink Bancassurance Agreement', 'sub_title' => '', 'summary' => 'April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.', 'content' => '<p>April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.</p> <p>The bank's CEO Ranesh Raj Aryal and the insurance company's CEO Prabin Raman Parajuli signed an agreement amid a function on Tuesday, April 10. Following the agreement, the bank's customers can access any kind of insurance service provided by the insurance company.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7708', 'image' => '20180411015159_NCC.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '7926', 'article_category_id' => '1', 'title' => 'Gaindakot Branch of NIC Asia Bank', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.', 'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p> <p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank's <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7707', 'image' => '20180411123823_download (1).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7925', 'article_category_id' => '1', 'title' => 'Everest Bank Unveils New Year Calendar', 'sub_title' => '', 'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ', 'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank's Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p> <p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7706', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7924', 'article_category_id' => '1', 'title' => 'Kumari Supports Construction of Cow Shelter', 'sub_title' => '', 'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p> <p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p> <p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank. </p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7705', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '7923', 'article_category_id' => '1', 'title' => '“Entrepreneurship is not just about Fame and Money”', 'sub_title' => '', 'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).', 'content' => '<p>April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).</p> <p>During a session of ‘X-Preneur’ on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p> <p>Urban Girls is an e-commerce shopping platform which started in 2013. “The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,” she said.</p> <p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with ‘X-Preneur 2.0’ next year.</p> <p>‘X-preneur’ is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p> <p>The next session of ‘X-preneur’ will be held on April 22 at 4.30 pm in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. “The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,” a statement issued by the organizers reads.</p> <p>‘X-Preneur’ is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7704', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7937', 'article_category_id' => '1', 'title' => 'Chinese University to Provide Scholarships to Students of Bharatpur Metropolis', 'sub_title' => '', 'summary' => 'April 11: Xiangya Nursing School under Central South University has signed an agreement with Bharatpur Metropolitan City to provide scholarships to deserving students of the metropolis.', 'content' => '<p>April 11: Xiangya Nursing School under Central South University has signed an agreement with Bharatpur Metropolitan City to provide scholarships to deserving students of the metropolis.</p> <p>Renu Dahal, mayor of Bharatpur and Prof Thanh Xuan, dean of the nursing school, signed the agreement amid a programme on April 10.</p> <p>“The agreement has been made with Bharatpur metropolis to provide full and partial scholarships to 20 and 50 deserving students respectively,” reads a joint statement issued by the university and the metropolis. The scholarship will be provided to hard-working students and those from weak financial background. </p> <p>Speaking at the programme, Dahal mentioned that the agreement will not only assist the educational sector but will help Chitwan prosper. Similarly, expressing his optimism, Prof Thanh committed to move forward other projects under One Belt One Road Project.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7718', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7936', 'article_category_id' => '1', 'title' => 'Mega Bank Introduces 'Sarbapriya' Saving Account', 'sub_title' => '', 'summary' => 'April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account.', 'content' => '<p>April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account. Issuing a press statement on Tuesday, the bank said that it has started "Sarbapriya" saving account with 8 percent interest rate on the occasion of Nepali New Year.</p> <p>“The bank will provide free services like Visa debit card, credit card, online banking, SMS service, ABBS facility, cheque book and account statement under the newly introduced programme,” a statement issued by the bank said, adding that the account holders can get discount up to Rs 500,000 in accidental insurance scheme and locker service.</p> <p>The bank has introduced 60 days' fixed deposit account with 10 percent interest rate and 1 year fixed deposit account in which the account holder can get interest rate of 11 percent. The programme will come into operation from April, 15. </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7717', 'image' => '20180411043329_Mega_Bank.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7935', 'article_category_id' => '1', 'title' => 'New Year Schemes Galore Automobile Market ', 'sub_title' => '', 'summary' => 'April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. ', 'content' => '<p>April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. The dealers have decided to facilitate the buyers with cash discounts and various facilities on the purchase. </p> <p>Laxmi Intercontinental, the sales agent of Hyundai Motors, has introduced' Hyundai New Year Delight' scheme for the New Year. The company introduced the scheme from March 22 offering cash discount up to Rs 713,000. Similarly exchange offer along with finance facilities have also been introduced.</p> <p>Buyers under the discount scheme are offered instant cash discount between Rs 165,900 to Rs 713,000 on purchases of Eon and Santa Fe cars. The company is also offering free servicing for 4 years and warranty of 3 years along with the discount. This scheme will last until the first month of the Nepali New Year (mid-March).</p> <p>Likewise, Sipradi Trading, the authorized dealers of Tata Motors, has launched "Sunaulo New Year" scheme. The company said it intoduced the scheme with the aim of assisting the customers with extra comfort.</p> <p>Under this scheme, Tata is offering 69.9 gm of gold in purchase of every passenger vehicle except for Nexon car. Besides, the costumers are also offered free insurance and accessories for a year on purchase of Tata vehicles. The company will be paying the vehicle and road tax for a year under this scheme.</p> <p>Similarly, CG Motors, the authorized dealers of Suzuki Motors, is offering cash discount worth Rs 30,000-Rs 150,000 along with free insurance facility under its New Year scheme.</p> <p>MAW, the authorized distributor of Skoda cars, have also introduced attractive New Year scheme since the last one month. Skoda is offered with only 35 percent of down payment and 65 percent finance facility with only 8.99 percent interest rate. The scheme is only offered for Rapid Skoda car. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7716', 'image' => '20180411042813__DSC7852.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7934', 'article_category_id' => '1', 'title' => '“China Always Ready to Support Nepal”', 'sub_title' => '', 'summary' => 'April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation.', 'content' => '<p>April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation. The power generated from the system will be connected to the national grid.</p> <p>Prime Minister KP Sharma Oli and Chinese Ambassador to Nepal Yu Hong jointly inaugurated the solar system amid a function in Kathmandu on April 10. The solar power system is installed at more than 20 government authorities of Singah Durbar.</p> <p>Addressing the event, PM Oli said that the development of solar power system is a must to provide energy in the rural parts of the country, where supplying electrical energy is very difficult.</p> <p>“We have enough resources. In Nepal, supplying electrical energy to the rural parts is very costly,” Oli said. “So, installing solar and wind power in the remote areas will also help for the overall development of the country and to create employment opportunities.”</p> <p>Likewise, Chinese Ambassador to Nepal Yu Hong said that the Chinese government will always support Nepal for its development through different projects. She further added that the Chinese government had installed a total of 35,000 sets of household solar power system with a total generation capacity of 750kW.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7715', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7933', 'article_category_id' => '1', 'title' => 'ADB Projects 4.9 Percent Growth Rate of Nepal', 'sub_title' => '', 'summary' => 'April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. ', 'content' => '<p>April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. A macroeconomic update unveiled by the ADB on Wednesday, April 11, attributed the slow pace of growth to the floods of August 2017.</p> <p>This is a slight upward revision of the 4.7 percent growth forecast published in the September edition of the Macroeconomic Update 2017 reflecting somewhat better-than-expected harvest despite floods in mid-August, the report said.</p> <p>Preliminary data from the Ministry of Agricultural, Land Management and Cooperatives show that paddy production this fiscal year will fall to 5.1 million tons, a decrease of 1.5 percent from a year earlier, ADB's Country Director for Nepal Mukhtor Khamudkhanov read the report during a function organised in the capital.</p> <p>"The production of other summer crops like maize and millet are expected to increase in FY2018 compared to the previous year. Even with increased capacity utilization of industries, industrial growth is set to be lower in FY2018 from the high rate in FY2017, largely due to low investment in the manufacturing sub-sector for years owing to political instability and structural bottlenecks," the report states.</p> <p>The services sector will however remain buoyant given the expansion of wholesale and retail trade, financial intermediation and travel and tourism sub-sectors, according to the report.</p> <p>On the demand side, substantive growth in government expenditures and a moderate uptick in investment will drive growth in FY2018, ADB informed.</p> <p>"The construction needs particularly for establishing provincial and local governments, the acceleration of post-earthquake reconstruction, and planned disbursement of relief grants to earthquake victims will induce growth. Government expenditures have increased significantly this fiscal year partly for local, provincial and parliamentary elections. Additionally, the government has apportioned fiscal transfer of Rs 232.2 billion (about 8.0 percent of GDP) to local and provincial governments under the federal structure of governance. Private investment has increased in sectors such as hydro and cement."</p> <p>Meanwhile, ADB has envisaged 5.5 percent GDP growth for FY2019. According to ADB, this higher forecast hinges on the assumption of normal monsoon and acceleration of ongoing mega projects.</p> <p>Notably, the Upper Tamakoshi Hydropower Project of 456 megawatt will likely be added to the national grid by FY2019, ending the country’s reliance on power import at least during the rainy season.</p> <p>Average annual inflation is expected to rise moderately to 5.5 percent in FY2018 from 4.5 percent in FY2017. This is below the inflation target of 7.0 percent set by Nepal Rastra Bank, the central bank.</p> <p>Inflation as of mid-February 2018 moderated on the back of modest oil prices, ease in the supply of goods, and subdued inflation in India-the major trading partner to whose currency the Nepali rupee is pegged, according to the report.</p> <p>"It will nonetheless likely inch up in the remaining months of FY2018 as base effects erode and government expenditures increase with the fiscal transfers provided to meet spending needs of provincial and local governments and the planned disbursement of relief grants to earthquake victims," the report states.</p> <p>The ADB report further states that the average annual inflation will likely edge up to 6.0% in FY2019, lower than the average inflation of 8.1% for FY2013-FY2017, assuming a normal harvest, a modest increase in oil prices and subdued inflation in India.</p> <p>Meanwhile, revenue collection increased by about 21.0 percent year-on-year in the first seven months of FY2018 compared to a year earlier period. It increased primarily on higher import growth. As per the report, import growth has outpaced export growth leading to a widening trade deficit. Merchandise exports increased by 19.2 percent year-on-year to $ 523.7 million in the first seven months of FY2018, marginally lower than the 19.8 percent rate in the corresponding period a year earlier.</p> <p>This edition of Macroeconomic Update’s Issue Focus sheds light on the importance of agricultural commercialization in Nepal and the need for its effective implementation by addressing legal, institutional, financial and infrastructural barriers. With about one-third share of GDP, agriculture continues to provide livelihood to two-thirds of the country’s population, but mostly at a subsistence level.</p> <p>According to the report, Nepal today is largely a food deficient country evident in growing imports of agriculture and livestock products. Even the export performance of potentially competitive agro-products is discouraging. The inability to enhance agricultural productivity commensurate with growing population has fueled agricultural trade deficit. Productivity has stagnated owing to limits on the adoption of improved technology, poor market linkages, infrastructure bottlenecks, and quality issues.The report suggests that commercialized agriculture via contract and cooperative farming methods can be one of the major sources of revenue generation for the country if practiced on a wider scale.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7714', 'image' => '20180411035432_1 (4).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7932', 'article_category_id' => '1', 'title' => 'Macchapuchre, Civil banks to finance 70 percent for Paggio', 'sub_title' => '', 'summary' => 'April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers.', 'content' => '<p>April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers. The banks have agreed to finance up to 70 percent for the purchase of the three-wheeler brand. </p> <p>The agreement was signed by Vivek Dugar, CEO of Vivek Automobiles Pvt Ltd, Sujit Kumar Shakya, chief business officer of Civil Bank, and Sarju Thapa, chief business officer of Machhapuchre Bank. The three-wheelers can be used to carry passengers and also carry loads from one place to another. The transport vehicle can be operated with small investment.</p> <p>According to Vivek Dugar, bringing the three-wheelers in Kathmandu will contribute in creating employment. Vivek Automobiles is the authorised distributor of Piaggio in Nepal.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7713', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7931', 'article_category_id' => '1', 'title' => 'Siddhartha Bank extends financial support to Nepal Eye Hospital', 'sub_title' => '', 'summary' => 'April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.', 'content' => '<p>April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.</p> <p>Deputy General Manager of the bank, Rameshwor Prasad Bashyal, handed over the cheque of Rs 110,000 to Biswa Kanta Mainali, chairman of Nepal Eye Hospital amidst a function organised on the occasion of 44<sup>th</sup> anniversary of Nepal Eye Hospital.</p> <p>DGM Bashyal expressed his immense gratification on behalf of Siddhartha Bank for having had an opportunity to serve the society and assured that the bank will continue to address the needs of the community and work for the betterment of the Nepali society in the future as well.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7712', 'image' => '20180411023606_IMG_1279.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7930', 'article_category_id' => '1', 'title' => 'NIC Asia Bank signs loan agreement with IFC', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.', 'content' => '<p>April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.</p> <p>Issuing a press statement, NIC Asia Bank said that its Acting CEO Roshan K Neupane and Mohammed Rehan Rashid, resident representative of IFC, signed the agreement on behalf of their respective organisations. The loan from IFC is subject to approval from Nepal Rastra Bank.</p> <p>According to the statement, IFC assists developing countries to achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.</p> <p>"With the anticipation of continuing stress on domestic liquidity and continued pressure on Balance of Payments (BOP), the liquidity outlook does not appear to be on optimistic side thus leading to inadequate deposits supply to support the credit growth required to secure targeted economic growth of the country. Therefore, the bank has approached international banks and financial institutions to secure long-term borrowings to facilitate credit growth in priority sectors," the statement further reads.</p> <p>The bank said it believes this kind of initiation with IFC would open opportunities for domestic banks to borrow from international banks setting up a historic milestone in the Nepali banking arena.</p> <p>The loan obtained from IFC shall be mobilized in extending credit to the productive sectors designated by the central bank.</p> <p>NIC Asia Bank is currently operating with its network of 192 branches, 195 ATM’s, four extension counters and four branchless banking locations across the country.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7711', 'image' => '20180411022020_Photograph foad.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7929', 'article_category_id' => '1', 'title' => 'TVS Exchange Jatra Held', 'sub_title' => '', 'summary' => 'April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs.', 'content' => '<p>April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs. The Exchange Jatra which took place at Sallaghari Ground in Bhaktapur, saw notable footfall and customer participation.</p> <p>The jatra was held April 6 to 10 and provided many customer-centric offers, the company said in a statement. According to the marketing head of Jagdamba Motors Pvt Ltd, any motorcycle or scooter of any condition was exchanged with a new TVS motorcycle or scooter at a minimum valuation of Rs 25,000. </p> <p>Along with the best valuation of bikes/scooters, the New Year’s gift of Rs 8001 instant cash back was also provided. The Exchange Jatra also offered free gift hampers in every test ride, a free TVS helmet worth Rs 2500, one smart phone every day for one person through lucky draw, quizzes and other attractions.</p> <p>The company claimed that the Jatra, which was organized to make the customers' two-wheeler purchase and exchange process easier, was held successfully. According to the company, the Jatra will be held again at various pre-informed locations soon.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7710', 'image' => '20180411021118_Logo.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7928', 'article_category_id' => '1', 'title' => 'Agni Energy Opens Mahindra Electric Service Station', 'sub_title' => '', 'summary' => 'April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.', 'content' => '<p>April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.</p> <p>Kunda Dixit, the editor -in-chief and publisher of Nepali Times, inaugurated the station amid a function on Tuesday, April 10. Issuing a press release, the company said that the station has been established to provide the best after-sales service and international brand experience to its customers.</p> <p>According to the company, the service center will act as pre-delivery inspection unit (PDI) for Mahindra e2o and Mahindra eSupro to ensure that the customers receive the car in the best condition without damages.</p> <p>The station will not only provide servicing and spare parts for Mahindra's electric cars, Mahindra e2p and eSupro, but also provide spare parts and services for house Kevin invertors, Konstant battery and Mahindra Powerol Generator, reads the statement.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7709', 'image' => '20180411011824__MG_0165.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7927', 'article_category_id' => '1', 'title' => 'NCC Bank and Reliance Life Insurance Ink Bancassurance Agreement', 'sub_title' => '', 'summary' => 'April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.', 'content' => '<p>April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.</p> <p>The bank's CEO Ranesh Raj Aryal and the insurance company's CEO Prabin Raman Parajuli signed an agreement amid a function on Tuesday, April 10. Following the agreement, the bank's customers can access any kind of insurance service provided by the insurance company.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7708', 'image' => '20180411015159_NCC.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '7926', 'article_category_id' => '1', 'title' => 'Gaindakot Branch of NIC Asia Bank', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.', 'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p> <p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank's <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7707', 'image' => '20180411123823_download (1).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7925', 'article_category_id' => '1', 'title' => 'Everest Bank Unveils New Year Calendar', 'sub_title' => '', 'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ', 'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank's Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p> <p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7706', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7924', 'article_category_id' => '1', 'title' => 'Kumari Supports Construction of Cow Shelter', 'sub_title' => '', 'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p> <p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p> <p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank. </p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7705', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '7923', 'article_category_id' => '1', 'title' => '“Entrepreneurship is not just about Fame and Money”', 'sub_title' => '', 'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).', 'content' => '<p>April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).</p> <p>During a session of ‘X-Preneur’ on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p> <p>Urban Girls is an e-commerce shopping platform which started in 2013. “The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,” she said.</p> <p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with ‘X-Preneur 2.0’ next year.</p> <p>‘X-preneur’ is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p> <p>The next session of ‘X-preneur’ will be held on April 22 at 4.30 pm in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. “The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,” a statement issued by the organizers reads.</p> <p>‘X-Preneur’ is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7704', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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The scholarship will be provided to hard-working students and those from weak financial background. </p> <p>Speaking at the programme, Dahal mentioned that the agreement will not only assist the educational sector but will help Chitwan prosper. Similarly, expressing his optimism, Prof Thanh committed to move forward other projects under One Belt One Road Project.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7718', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '7936', 'article_category_id' => '1', 'title' => 'Mega Bank Introduces 'Sarbapriya' Saving Account', 'sub_title' => '', 'summary' => 'April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account.', 'content' => '<p>April 11: Mega Bank has introduced a new programme under its saving and fixed deposit account. Issuing a press statement on Tuesday, the bank said that it has started "Sarbapriya" saving account with 8 percent interest rate on the occasion of Nepali New Year.</p> <p>“The bank will provide free services like Visa debit card, credit card, online banking, SMS service, ABBS facility, cheque book and account statement under the newly introduced programme,” a statement issued by the bank said, adding that the account holders can get discount up to Rs 500,000 in accidental insurance scheme and locker service.</p> <p>The bank has introduced 60 days' fixed deposit account with 10 percent interest rate and 1 year fixed deposit account in which the account holder can get interest rate of 11 percent. The programme will come into operation from April, 15. </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7717', 'image' => '20180411043329_Mega_Bank.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '7935', 'article_category_id' => '1', 'title' => 'New Year Schemes Galore Automobile Market ', 'sub_title' => '', 'summary' => 'April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. ', 'content' => '<p>April 11: Automobile dealers have introduced various schemes for the upcoming Nepali New Year for the buyers. The dealers have decided to facilitate the buyers with cash discounts and various facilities on the purchase. </p> <p>Laxmi Intercontinental, the sales agent of Hyundai Motors, has introduced' Hyundai New Year Delight' scheme for the New Year. The company introduced the scheme from March 22 offering cash discount up to Rs 713,000. Similarly exchange offer along with finance facilities have also been introduced.</p> <p>Buyers under the discount scheme are offered instant cash discount between Rs 165,900 to Rs 713,000 on purchases of Eon and Santa Fe cars. The company is also offering free servicing for 4 years and warranty of 3 years along with the discount. This scheme will last until the first month of the Nepali New Year (mid-March).</p> <p>Likewise, Sipradi Trading, the authorized dealers of Tata Motors, has launched "Sunaulo New Year" scheme. The company said it intoduced the scheme with the aim of assisting the customers with extra comfort.</p> <p>Under this scheme, Tata is offering 69.9 gm of gold in purchase of every passenger vehicle except for Nexon car. Besides, the costumers are also offered free insurance and accessories for a year on purchase of Tata vehicles. The company will be paying the vehicle and road tax for a year under this scheme.</p> <p>Similarly, CG Motors, the authorized dealers of Suzuki Motors, is offering cash discount worth Rs 30,000-Rs 150,000 along with free insurance facility under its New Year scheme.</p> <p>MAW, the authorized distributor of Skoda cars, have also introduced attractive New Year scheme since the last one month. Skoda is offered with only 35 percent of down payment and 65 percent finance facility with only 8.99 percent interest rate. The scheme is only offered for Rapid Skoda car. </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-12', 'keywords' => '', 'description' => '', 'sortorder' => '7716', 'image' => '20180411042813__DSC7852.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '7934', 'article_category_id' => '1', 'title' => '“China Always Ready to Support Nepal”', 'sub_title' => '', 'summary' => 'April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation.', 'content' => '<p>April 11: The Chinese government on Wednesday officially handed over the 1 MW solar power system installed at Singha Durbar – the administrative hub of the nation. The power generated from the system will be connected to the national grid.</p> <p>Prime Minister KP Sharma Oli and Chinese Ambassador to Nepal Yu Hong jointly inaugurated the solar system amid a function in Kathmandu on April 10. The solar power system is installed at more than 20 government authorities of Singah Durbar.</p> <p>Addressing the event, PM Oli said that the development of solar power system is a must to provide energy in the rural parts of the country, where supplying electrical energy is very difficult.</p> <p>“We have enough resources. In Nepal, supplying electrical energy to the rural parts is very costly,” Oli said. “So, installing solar and wind power in the remote areas will also help for the overall development of the country and to create employment opportunities.”</p> <p>Likewise, Chinese Ambassador to Nepal Yu Hong said that the Chinese government will always support Nepal for its development through different projects. She further added that the Chinese government had installed a total of 35,000 sets of household solar power system with a total generation capacity of 750kW.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7715', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '7933', 'article_category_id' => '1', 'title' => 'ADB Projects 4.9 Percent Growth Rate of Nepal', 'sub_title' => '', 'summary' => 'April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. ', 'content' => '<p>April 11: Asian Development Bank has projected Nepal's economy to grow by 4.9 percent in the current fiscal year, down from the growth rate of 6.9 percent in FY 2017-18. A macroeconomic update unveiled by the ADB on Wednesday, April 11, attributed the slow pace of growth to the floods of August 2017.</p> <p>This is a slight upward revision of the 4.7 percent growth forecast published in the September edition of the Macroeconomic Update 2017 reflecting somewhat better-than-expected harvest despite floods in mid-August, the report said.</p> <p>Preliminary data from the Ministry of Agricultural, Land Management and Cooperatives show that paddy production this fiscal year will fall to 5.1 million tons, a decrease of 1.5 percent from a year earlier, ADB's Country Director for Nepal Mukhtor Khamudkhanov read the report during a function organised in the capital.</p> <p>"The production of other summer crops like maize and millet are expected to increase in FY2018 compared to the previous year. Even with increased capacity utilization of industries, industrial growth is set to be lower in FY2018 from the high rate in FY2017, largely due to low investment in the manufacturing sub-sector for years owing to political instability and structural bottlenecks," the report states.</p> <p>The services sector will however remain buoyant given the expansion of wholesale and retail trade, financial intermediation and travel and tourism sub-sectors, according to the report.</p> <p>On the demand side, substantive growth in government expenditures and a moderate uptick in investment will drive growth in FY2018, ADB informed.</p> <p>"The construction needs particularly for establishing provincial and local governments, the acceleration of post-earthquake reconstruction, and planned disbursement of relief grants to earthquake victims will induce growth. Government expenditures have increased significantly this fiscal year partly for local, provincial and parliamentary elections. Additionally, the government has apportioned fiscal transfer of Rs 232.2 billion (about 8.0 percent of GDP) to local and provincial governments under the federal structure of governance. Private investment has increased in sectors such as hydro and cement."</p> <p>Meanwhile, ADB has envisaged 5.5 percent GDP growth for FY2019. According to ADB, this higher forecast hinges on the assumption of normal monsoon and acceleration of ongoing mega projects.</p> <p>Notably, the Upper Tamakoshi Hydropower Project of 456 megawatt will likely be added to the national grid by FY2019, ending the country’s reliance on power import at least during the rainy season.</p> <p>Average annual inflation is expected to rise moderately to 5.5 percent in FY2018 from 4.5 percent in FY2017. This is below the inflation target of 7.0 percent set by Nepal Rastra Bank, the central bank.</p> <p>Inflation as of mid-February 2018 moderated on the back of modest oil prices, ease in the supply of goods, and subdued inflation in India-the major trading partner to whose currency the Nepali rupee is pegged, according to the report.</p> <p>"It will nonetheless likely inch up in the remaining months of FY2018 as base effects erode and government expenditures increase with the fiscal transfers provided to meet spending needs of provincial and local governments and the planned disbursement of relief grants to earthquake victims," the report states.</p> <p>The ADB report further states that the average annual inflation will likely edge up to 6.0% in FY2019, lower than the average inflation of 8.1% for FY2013-FY2017, assuming a normal harvest, a modest increase in oil prices and subdued inflation in India.</p> <p>Meanwhile, revenue collection increased by about 21.0 percent year-on-year in the first seven months of FY2018 compared to a year earlier period. It increased primarily on higher import growth. As per the report, import growth has outpaced export growth leading to a widening trade deficit. Merchandise exports increased by 19.2 percent year-on-year to $ 523.7 million in the first seven months of FY2018, marginally lower than the 19.8 percent rate in the corresponding period a year earlier.</p> <p>This edition of Macroeconomic Update’s Issue Focus sheds light on the importance of agricultural commercialization in Nepal and the need for its effective implementation by addressing legal, institutional, financial and infrastructural barriers. With about one-third share of GDP, agriculture continues to provide livelihood to two-thirds of the country’s population, but mostly at a subsistence level.</p> <p>According to the report, Nepal today is largely a food deficient country evident in growing imports of agriculture and livestock products. Even the export performance of potentially competitive agro-products is discouraging. The inability to enhance agricultural productivity commensurate with growing population has fueled agricultural trade deficit. Productivity has stagnated owing to limits on the adoption of improved technology, poor market linkages, infrastructure bottlenecks, and quality issues.The report suggests that commercialized agriculture via contract and cooperative farming methods can be one of the major sources of revenue generation for the country if practiced on a wider scale.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7714', 'image' => '20180411035432_1 (4).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '7932', 'article_category_id' => '1', 'title' => 'Macchapuchre, Civil banks to finance 70 percent for Paggio', 'sub_title' => '', 'summary' => 'April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers.', 'content' => '<p>April 11: Vivek Automobiles has signed an agreement with Machhapuchre Bank and Civil Bank for investing in Piaggio three-wheelers. The banks have agreed to finance up to 70 percent for the purchase of the three-wheeler brand. </p> <p>The agreement was signed by Vivek Dugar, CEO of Vivek Automobiles Pvt Ltd, Sujit Kumar Shakya, chief business officer of Civil Bank, and Sarju Thapa, chief business officer of Machhapuchre Bank. The three-wheelers can be used to carry passengers and also carry loads from one place to another. The transport vehicle can be operated with small investment.</p> <p>According to Vivek Dugar, bringing the three-wheelers in Kathmandu will contribute in creating employment. Vivek Automobiles is the authorised distributor of Piaggio in Nepal.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7713', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '7931', 'article_category_id' => '1', 'title' => 'Siddhartha Bank extends financial support to Nepal Eye Hospital', 'sub_title' => '', 'summary' => 'April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.', 'content' => '<p>April 11: Siddhartha Bank has extended financial support of Rs 110,000 to Nepal Eye Hospital, Tripureshwor to carry out cataract surgery of 44 marginalized cataract patients as part of the corporate social responsibility of the bank.</p> <p>Deputy General Manager of the bank, Rameshwor Prasad Bashyal, handed over the cheque of Rs 110,000 to Biswa Kanta Mainali, chairman of Nepal Eye Hospital amidst a function organised on the occasion of 44<sup>th</sup> anniversary of Nepal Eye Hospital.</p> <p>DGM Bashyal expressed his immense gratification on behalf of Siddhartha Bank for having had an opportunity to serve the society and assured that the bank will continue to address the needs of the community and work for the betterment of the Nepali society in the future as well.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7712', 'image' => '20180411023606_IMG_1279.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '7930', 'article_category_id' => '1', 'title' => 'NIC Asia Bank signs loan agreement with IFC', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.', 'content' => '<p>April 11: NIC Asia Bank Ltd and International Finance Corporation (IFC), a member of World Bank Group, have signed a loan agreement.</p> <p>Issuing a press statement, NIC Asia Bank said that its Acting CEO Roshan K Neupane and Mohammed Rehan Rashid, resident representative of IFC, signed the agreement on behalf of their respective organisations. The loan from IFC is subject to approval from Nepal Rastra Bank.</p> <p>According to the statement, IFC assists developing countries to achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets.</p> <p>"With the anticipation of continuing stress on domestic liquidity and continued pressure on Balance of Payments (BOP), the liquidity outlook does not appear to be on optimistic side thus leading to inadequate deposits supply to support the credit growth required to secure targeted economic growth of the country. Therefore, the bank has approached international banks and financial institutions to secure long-term borrowings to facilitate credit growth in priority sectors," the statement further reads.</p> <p>The bank said it believes this kind of initiation with IFC would open opportunities for domestic banks to borrow from international banks setting up a historic milestone in the Nepali banking arena.</p> <p>The loan obtained from IFC shall be mobilized in extending credit to the productive sectors designated by the central bank.</p> <p>NIC Asia Bank is currently operating with its network of 192 branches, 195 ATM’s, four extension counters and four branchless banking locations across the country.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7711', 'image' => '20180411022020_Photograph foad.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '7929', 'article_category_id' => '1', 'title' => 'TVS Exchange Jatra Held', 'sub_title' => '', 'summary' => 'April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs.', 'content' => '<p>April 11: After the success of exchange camps in the past, TVS recently held TVS Exchange Jatra focusing on customers' needs. The Exchange Jatra which took place at Sallaghari Ground in Bhaktapur, saw notable footfall and customer participation.</p> <p>The jatra was held April 6 to 10 and provided many customer-centric offers, the company said in a statement. According to the marketing head of Jagdamba Motors Pvt Ltd, any motorcycle or scooter of any condition was exchanged with a new TVS motorcycle or scooter at a minimum valuation of Rs 25,000. </p> <p>Along with the best valuation of bikes/scooters, the New Year’s gift of Rs 8001 instant cash back was also provided. The Exchange Jatra also offered free gift hampers in every test ride, a free TVS helmet worth Rs 2500, one smart phone every day for one person through lucky draw, quizzes and other attractions.</p> <p>The company claimed that the Jatra, which was organized to make the customers' two-wheeler purchase and exchange process easier, was held successfully. According to the company, the Jatra will be held again at various pre-informed locations soon.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7710', 'image' => '20180411021118_Logo.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '7928', 'article_category_id' => '1', 'title' => 'Agni Energy Opens Mahindra Electric Service Station', 'sub_title' => '', 'summary' => 'April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.', 'content' => '<p>April 11: Agni Energy Pvt Ltd, a subsidiary of Agni Group and the authorised distributor of Mahindra electric vehicles (EVs) and generators, has opened its new service station for EVs at Kupondole.</p> <p>Kunda Dixit, the editor -in-chief and publisher of Nepali Times, inaugurated the station amid a function on Tuesday, April 10. Issuing a press release, the company said that the station has been established to provide the best after-sales service and international brand experience to its customers.</p> <p>According to the company, the service center will act as pre-delivery inspection unit (PDI) for Mahindra e2o and Mahindra eSupro to ensure that the customers receive the car in the best condition without damages.</p> <p>The station will not only provide servicing and spare parts for Mahindra's electric cars, Mahindra e2p and eSupro, but also provide spare parts and services for house Kevin invertors, Konstant battery and Mahindra Powerol Generator, reads the statement.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7709', 'image' => '20180411011824__MG_0165.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '7927', 'article_category_id' => '1', 'title' => 'NCC Bank and Reliance Life Insurance Ink Bancassurance Agreement', 'sub_title' => '', 'summary' => 'April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.', 'content' => '<p>April 11: Nepal Credit and Commerce (NCC) Bank and Reliance Life Insurance have signed an agreement to commence bancassurance service to the customers.</p> <p>The bank's CEO Ranesh Raj Aryal and the insurance company's CEO Prabin Raman Parajuli signed an agreement amid a function on Tuesday, April 10. Following the agreement, the bank's customers can access any kind of insurance service provided by the insurance company.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7708', 'image' => '20180411015159_NCC.jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '7926', 'article_category_id' => '1', 'title' => 'Gaindakot Branch of NIC Asia Bank', 'sub_title' => '', 'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.', 'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p> <p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank's <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7707', 'image' => '20180411123823_download (1).jpg', 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '7925', 'article_category_id' => '1', 'title' => 'Everest Bank Unveils New Year Calendar', 'sub_title' => '', 'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ', 'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank's Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p> <p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p> ', 'published' => true, 'created' => '2018-04-11', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7706', 'image' => null, 'article_date' => '2018-04-11 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '7924', 'article_category_id' => '1', 'title' => 'Kumari Supports Construction of Cow Shelter', 'sub_title' => '', 'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ', 'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p> <p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p> <p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank. </p> <p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7705', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '7923', 'article_category_id' => '1', 'title' => '“Entrepreneurship is not just about Fame and Money”', 'sub_title' => '', 'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).', 'content' => '<p>April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).</p> <p>During a session of ‘X-Preneur’ on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p> <p>Urban Girls is an e-commerce shopping platform which started in 2013. “The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,” she said.</p> <p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with ‘X-Preneur 2.0’ next year.</p> <p>‘X-preneur’ is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p> <p>The next session of ‘X-preneur’ will be held on April 22 at 4.30 pm in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. “The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,” a statement issued by the organizers reads.</p> <p>‘X-Preneur’ is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-11', 'keywords' => '', 'description' => '', 'sortorder' => '7704', 'image' => null, 'article_date' => '2018-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
