March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial…
March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial…
March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his…
March 8: The securities market of Nepal has more than 42 percent of women investors.…
March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity…
March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in…
March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian…
March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed…
In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to…
March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal.…
March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of…
March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday.…
March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu…
March 7: Experts claim that neighboring China's economic development can also benefit…
March 7: The number of tourists visiting Kanchenjunga area has increased of…
March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. …
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20440', 'article_category_id' => '1', 'title' => 'Bankers Urge Finance Minister to Stop Chaotic Activities against BFIs', 'sub_title' => '', 'summary' => 'March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The representatives of Nepal Bankers Association met Pun on Thursday and demanded immediate action against those who spread misinformation that they do need to pay the bank loans. Sunil KC, president of the association, also drew the attention of the government to be serious about the security of the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They urged Minister Pun to be serious about the increase in cases of abusive behavior and physical attacks on bank employees who go to recover loans. In response, Minister Pun made it clear that the government will not entertain the campaign for defaulting bank loans.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun also informed that Prime Minister Pushpa Kamal Dahal, in the cabinet meeting held on Thursday morning, directed the related ministries and agencies to take action against those who are inciting to default on bank loans. Minister Pun said, "The trend of not paying the loans taken from banks and financial institutions cannot be allowed to continue for a long time. No one should encourage such trend."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Finance Minister Pun said that the government will not allow the morale of investors to fall as it will lead to the downfall of the overall economy and the country. He said that the government is clear that foreign investment can be attracted only if investment environment and investment security can be guaranteed in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"> "The government will put an end to the atmosphere of panic and fear in the private sector," said Pun.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun urged the regulatory bodies not to cause unnecessary hassles to the businessmen of the private sector. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">On a different note, Finance Minister Pun said that the pre-scheduled investment summit will not be affected due to the change in the ruling coalition.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20167', 'image' => '20240308015342_Banks - Copy.jpg', 'article_date' => '2024-03-08 13:53:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20439', 'article_category_id' => '1', 'title' => 'Sri Lanka Ex-Leader ‘Ousted’ over China Investments ', 'sub_title' => '', 'summary' => 'March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa was forced into temporary exile after protesters stormed his official residence in 2022, following months of street protests over the island nation's worst-ever economic crisis. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In a self-published account of his downfall, "The Conspiracy", Rajapaksa defends his government's economic policies, which forced an unprecedented foreign debt default and saw months of severe food and fuel shortages. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Instead, he said "Chinese funded infrastructure projects in Sri Lanka after 2006 brought in an element of geopolitical rivalry" that precipitated his overthrow. "It would be extremely naive for anyone to claim that there was no foreign hand in the moves made to oust me from power," Rajapaksa wrote. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa did not name specific countries, but the United States had in the past repeatedly warned Sri Lanka it risked falling into a Chinese debt trap by signing a raft of infrastructure deals. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">At the time of his ouster, the 74-year-old was initially flown out of Sri Lanka aboard a military aircraft and emailed his resignation from Singapore, but he has since returned home. In the book, Rajapaksa claimed that protesters who took to the streets as the economy ground to a halt in the final months of his tenure had "foreign funding", without offering evidence. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Beijing has funded several development projects in Sri Lanka, including a rarely-used convention centre and airport in Rajapaksa's hometown Hambantota, which critics have slammed as white elephants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China is also Sri Lanka's biggest single bilateral lender, owning around 10 percent of the island's foreign debt. Rajapaksa was once esteemed among the Sinhala Buddhist majority for helping end Sri Lanka's long civil war in 2009 while serving as the top defence official during his brother Mahinda's presidency. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">He was elected in a landslide in 2019 but his popularity crashed in tandem with Sri Lanka's economy less than three years later, as supermarket shelves stood empty and days-long queues formed at petrol stations. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Economists blamed the sudden downturn on ill-advised tax cuts by Rajapaksa's government that left it unable to respond to the collapse of foreign exchange reserves following the coronavirus pandemic. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Political commentator Kusal Perera said Rajapaksa's downfall was due to his own inept handling of the economy. "He was popular as a Sinhala-Buddhist leader thanks to media hype, but he was simply unable to deliver," Perera told AFP. Rajapaksa's successor Ranil Wickremesinghe has brokered an International Monetary Fund rescue package and sharply raised taxes to restore government finances. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20166', 'image' => '20240308014130_Gotabaya_1200px_22_10_28-1000x600.jpg', 'article_date' => '2024-03-08 13:40:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20438', 'article_category_id' => '1', 'title' => 'Securities Market has More than 42 Percent Women Investors', 'sub_title' => '', 'summary' => 'March 8: The securities market of Nepal has more than 42 percent of women investors. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: The securities market of Nepal has more than 42 percent of women investors. According to the latest data, 42.44 percent of the Demat (beneficiary) accounts, which are mandatory for securities transactions, are in the name of women.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Looking at the data up to March 6, the total number of beneficiary accounts has exceeded 62,05,000. According to CDS and Clearing Limited (CDSC), more than 26,33,000 of the total beneficiary accounts are in the name of women. This is 42.44 percent of the total beneficiary account. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There are more than 35,64,000 beneficiary accounts in the name of men. Similarly, 6,948 beneficiary accounts have been opened under the corporate segment and 54 beneficiary accounts in the other category, CDSC information officer Suresh Neupane told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">As the regulatory body has made it mandatory to open beneficiary account for securities transactions, the number of such accounts is continuously rising. Neupane informed that only 381,225 beneficiary accounts have been added in the current fiscal year. According to him, 58,24,279 beneficiary accounts were opened till the end of the previous fiscal year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Sarita Bista, vice president of the Stockbrokers Association, estimates that women, who make up almost half of the total beneficiary accounts, own 30 to 40 percent in the secondary market as well. Bista, who has been working as a broker for a long time, said that women are more active in the securities market these days than before.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She thinks that many women are not used to this technology-related market. “Our sisters who use social media can easily use the securities trading system,” said Bista, adding, that the women who have been investing in the capital market since a long time are doing business themselves.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She says that although women are ahead in everything in the market, they are still lagging behind in decision-making. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Bista, the capital market has expanded nationwide but many women are still beyond its reach.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Durga Tiwari, an active and successful investor in the capital market, considers the capital market as her business. Tiwari, who has spent nearly two decades in this field, says that when she entered the capital market in 2063, there were only a handful of female investors.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Breaking the historical background of only male participation in economic activities, Tiwari points out the need for women investors in the securities market to establish themselves not only numerically, but also qualitatively. According to Tiwari, women investors who have made the capital market their source of income have fulfilled their family responsibilities and also become partners in the family's economic progress.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20165', 'image' => '20240308013125_20230208110844_20180911013817_be.jpg', 'article_date' => '2024-03-08 13:30:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20437', 'article_category_id' => '1', 'title' => 'Private Industries Request NEA not to Increase Electricity Tariff', 'sub_title' => '', 'summary' => 'March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Koshi Province chapter of the Confederation of Nepalese Industry and Chamber of Industries Morang issued separate statements and requested the NEA not to increase the electricity tariff. They have also requested the NEA to improve the electricity distribution and supply system.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statements signed by the president of the chamber Rakesh Surana and the president of the provincial chapter of CNI Pawan Sharda mention that the private sector’s attention has been drawn to the issue of increasing the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The private sector stakeholders argued that the current electricity tariff per unit is higher than that of other countries and should not be increased. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the production cost of the industry will be affected, the organizations has suggested that consumers will have to bear the brunt if the NEA opts to raise the electricity tariff.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the industries are facing problems such as unannounced power cuts, tripping, and low-voltage for 10 hours a day, the organisations requested the Nepal Electricity Authority to provide uninterrupted electricity and also to improve the quality of the electricity supplied to the industries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They also complained that they are having difficulty in labor management when electricity supply is stopped in industries without prior notice.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statement issued by the confederation mentions that the private sector industries are reeling under the impacts of high interest rates of banks, problems related to raw materials, and the global economic recession.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The CNI argued that the private sector industries will be destroyed if the NEA increases electricity tariff during such difficult times.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20164', 'image' => '20240308125923_elec.jpg', 'article_date' => '2024-03-08 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20435', 'article_category_id' => '1', 'title' => 'Live Broadcast of Miss World Beauty Pageant on Dishhome this Saturday', 'sub_title' => '', 'summary' => 'March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal.', 'content' => '<p><br /> <span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal. The finals of the 71st Miss World competition, which started in New Delhi, India from February 2024, will be held on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">Dishhome informed that the program will be broadcast live starting at 7:45 PM Nepali standard time on Saturday. The finals featuring contestants from more than 100 countries will be held at the Jio World Convention Center in Mumbai.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20162', 'image' => '20240308122040_AP24067341264658.jpg', 'article_date' => '2024-03-08 12:19:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20434', 'article_category_id' => '1', 'title' => 'Foreign Minister Shrestha Requests Russian Counterpart to Return Nepalis Serving in Russian Army ', 'sub_title' => '', 'summary' => 'March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DPM Shrestha made such request to Russian Minister by holding a telephone conversation with him on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPM thanked the Russian minister for initiating the compensation process and requested to conclude it as soon as possible, according to a press release issued by the Ministry of Foreign Affairs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, the Russian Foreign Minister assured to address the concerns of the Nepali side. During the conversation, the Foreign Minister of Russia congratulated the Deputy Prime Minister and Foreign Minister on his assumption of office and extended best wishes. He also expressed his willingness to cooperate with the Nepali side on various fronts including trade, tourism and culture, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the two foreign ministers discussed various aspects of Nepal-Russia relations, including issues of Nepali citizens in the Russian Army. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20161', 'image' => '20240308115523_20230531012457_2l-image-59.jpg', 'article_date' => '2024-03-08 11:54:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20433', 'article_category_id' => '1', 'title' => '4,000 Security Personnel, Drones Mobilized at Pashupati Area for Mahashivaratri Festival', 'sub_title' => '', 'summary' => 'March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today. An integrated special security plan has been put in place for the festival, the state-owned RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Dinesh Raj Mainali informed RSS that drones were mobilized for the security in addition to security personnel. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The security arrangement is of three layers. They are at work from Thursday night to Saturday. Superintendent of Police at District Police Range Kathmandu, Nabaraj Adhikari, is leading the security mobilization. Emergency and rescue teams along with ambulance are standby in case of need. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A large number of devotees visit the Pashupatinath temple on the occasion of Mahasvivaratri every year. Especially, pilgrims and aesthetics from neighbouring India visit the temple. The Pashupati Area Development Trust takes special care of the visitors during this festival, ensuring food and accommodation as well as parting gifts to the holy men.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army observes the Army Day on the occasion of Mahashivaratri festival.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20160', 'image' => '20240308111854_BBB_KTM-IMG_0003.jpg', 'article_date' => '2024-03-08 11:18:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20432', 'article_category_id' => '1', 'title' => 'Nepal Imports Millet Worth Over Rs 520 million', 'sub_title' => '', 'summary' => ' In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">March 8: In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the same period of last fiscal year, Nepal imported 12217623 kilograms of millet grains. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There has been a decrease of 12 percent in the quantity of grain imports, while the price of the millet grain has gone up by 17 percent compared to the same period last year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal has been importing millet from countries like China, India, etc. According to the statistics, the highest amount of grain imports in seven months is from India. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the review period, Nepal imported 10721393 kilograms of grains worth Rs 52,76,68,000 from India. Similarly, the remaining amount was imported from China.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20159', 'image' => '20240308070916_collage (46).jpg', 'article_date' => '2024-03-08 07:07:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20431', 'article_category_id' => '1', 'title' => 'Honda Officials Inaugurate Two-Wheeler Assembly Plant in Nepal', 'sub_title' => '', 'summary' => 'March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. Businessman Saurabh Jyoti wrote on social media platform ‘X’ that “guests” from Honda Japan inaugurated the plant.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">According to Jyoti, Himal Moto Nepal, set up with an investment of Rs 1.5 billion, will produce 100,000 motorcycles and scooters “marking a new era of mobility”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">The assembly plant has been set up in an area of 220,000 sq ft, added Jyoti.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20158', 'image' => '20240307070957_GICojf4XcAAjWG1.jpg', 'article_date' => '2024-03-07 19:08:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20430', 'article_category_id' => '1', 'title' => 'Cost of Imports and Exports up due to Problem in Server of Department of Customs', 'sub_title' => '', 'summary' => 'March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs. The customs agents have requested the department to solve the problem immediately, saying that the cost of doing business has increased due to the ineffectiveness of the server.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The officials of the Federation of Customs Agents Nepal submitted a memorandum to the director general of the department, Shobhakant Paudel to apprise him that the problems in the server of the department has been delaying customs clearance of goods and this is having a negatively affecting the cost of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The team including the president of the Federation, Bharatraj Ghimire, met Director General Paudel and informed him about the problem. Director General Paudel assured the delegation that he will take initiative to solve the problem soon. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ghimire said that since the system was developed in such a way that it would generate OTP when filling the notification form but the OTP could not be generated as the server went down. As a result, the customs clearance process was obstructed.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs agents claim that the ineffectiveness of the server is also taking its toll on the revenue collection of the customs. Besides, it has encouraged smuggling of goods on passenger vehicles while causing inconvenience to the tourists entering Nepal from the border with their vehicles. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Punya Bikram Khadka, information officer of the Department of Customs, the problem has surfaced because the local internet service providers are not providing quality services. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This problem might also be linked with the problem in the system of integrated check post and the dry port and other agencies related with them. This is a technical matter," he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs is currently using the ASYCUDA (Automated System for Customs Data), a software developed by the United Nations agency UNCTAD (United Nations Conference on Trade and Development). It is used by the customs of more than 90 countries of the world. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to representatives of importers, imports and exports have been affected due to slow operation of the server. Rajman Tamang, chairman of Birgunj Customs Agents Association, said that the server goes haywire for 2 to 4 hours a day and complained that it has affected import and export of goods. He says that even though all the systems have gone online, it is taking more time for customs clearance because of the ineffective technology.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Bhanu Adhikari, former joint secretary of Birgunj Customs Agents Association, said that there is a problem with the server every day especially in the afternoon. He said that they are facing hassle such as entering the details of the same form twice and customs revenue not being paid on time. He added that they have been forced to pay additional parking fee due to the delay in customs clearance.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20157', 'image' => '20240307031501_asycuda.jpg', 'article_date' => '2024-03-07 15:14:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20429', 'article_category_id' => '1', 'title' => 'Price of Gold Sets New Record for the Third Straight Day', 'sub_title' => '', 'summary' => 'March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. The price of the precious yellow metal increased by Rs 1500 per tola (11.66 grams) to reach an all-time high of Rs 125,000 per tola.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Federation of Nepal Gold and Silver Dealers Association, hallmark gold is being trading at Rs 125,000 per tola in the domestic market against Rs 123,500 on Wednesday, which itself was a new record. On Tuesday, the price of gold was Rs 122,400 which was also a new record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Prior to this, the price of gold had set a record reaching Rs 122,000 per tola on December 28, 2023. The Federation determines the price of gold and silver based on the price in the international market. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of silver has also increased on Thursday. Silver is being trading at Rs 1,470 per tola, after the price increased by Rs 30 compared to Wednesday. Silver was traded at Rs 1,440 the previous day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of gold has also increased in the international market. Gold is being trading at $2,153 per ounce in the international market on Thursday against $2,147 per ounce the previous day.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20156', 'image' => '20240307024448_gold newwww.jpg', 'article_date' => '2024-03-07 14:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20428', 'article_category_id' => '1', 'title' => 'District Police Range Mobilizes Electronic QRT to Boost Security in Kathmandu ', 'sub_title' => '', 'summary' => 'March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Range, EQRT is being deployed under the 'Safer Valley Project' concept for promptly responding to citizen's complaint and incidents as part of its goal of making the police service efficient and technology-friendly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Bhupendra Khatri, chief of the police range, said the quick response team equipped with technology has been mobilized in order to make the policing based on technology, strengthening crime investigation, making it fact-based and also to make the regulation of the police personnel effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, 60 teams throughout the district have been mobilized along with digital technology in the first phase. The electronic system has been installed enabling 24 hours' tracking using the GPS system from the Police Control Room in order to create an environment for the police's quick response teams from the Range and the Police Circles and Sectors under it to reach the incident site at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Soon after reaching the incident site, the details of the incident site and the police team’s behaviour with victims and service recipients would be recorded in control room automatically. Additional cameras have been installed on the body of 60 QRT members so that activities of the QRT and incident site can be viewed live from the control room. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khatri shared that they would be mobilized in the field round the clock as the first response team. The team was deputed with various safety equipment including GPS tracking device, video camera, radio set and siren with light in order to make work execution of police quick, smooth and effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of Kathmandu Valley Police Office, Additional Inspector General of Police Deepak Thapa mentioned that the security of Kathmandu Valley would be more effective and technology-friendly with this initiative. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20155', 'image' => '20240307023200_20240203102709_20200903113103_1599056781.jpg', 'article_date' => '2024-03-07 14:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20427', 'article_category_id' => '1', 'title' => 'China's Economic Development will also Benefits Nepal: Experts ', 'sub_title' => '', 'summary' => 'March 7: Experts claim that neighboring China's economic development can also benefit Nepal.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Experts claim that neighboring China's economic development can also benefit Nepal. Speaking at an interaction on 'China's Economic Development and New Opportunities for Neighboring Countries' organized by China Media Group and co-organized by Nepal-China Youth Friendship Association on Wednesday, the experts said that China's economic development will benefit neighboring countries as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, former Nepali Ambassador to China Leelamani Poudyal said China's economic policy would have an impact in the world. He said Nepal could benefit from stability and economic development in China.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"China's economic policy during the global recession in 2008 had helped the world economy," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Diplomat Hiranya Lal Shrestha said China has made great strides in economic development in a short span of time. He said the visit of Chinese President Xi Jinping to Nepal has given some hope for Nepal's development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Wang Xin, representative of the Chinese Embassy in Nepal, said China's economy has been able to take a leap due to the rapid industrialization development and research. He also claimed that China contributed 42 per cent to the global economy in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the Federation of Export Entrepreneurs Shankar Pandey, Chairman of Nepal-China Cultural and Educational Council Dr Harish Chandra Shah, Chairman of World Cultural Net Deepak Sarkar, General Secretary of Nepal Himalayan Cross-Border Commerce Association Ram Chandra Parajuli, Secretary of China Study Center Prakash Babu Poudel, among others, said Nepal-China relation has not developed as it should have been. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of China Media Group, South Asia Bureau Zhang Yue and President of Nepal-China Youth Friendship Association Bishnu Sapkota stressed the need to work for Nepal's development by removing the confusion among the people about Nepal-China relations. – RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20154', 'image' => '20240307123344_Nepal-china-trade.jpg', 'article_date' => '2024-03-07 12:32:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20425', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Rebounding in Kanchanjunga Area ', 'sub_title' => '', 'summary' => 'March 7: The number of tourists visiting Kanchenjunga area has increased of late. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The number of tourists visiting Kanchenjunga area has increased of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As many as 650 foreign tourists visited the Kanchenjunga area in the last three months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer at the Office of The Kanchenjunga Conservation Area Management Council, Dobhan Limbu, confirmed that 650 foreign tourists visited the base camp of Mt Kanchenjunga in the first season of the this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An equal number of domestic tourists also visited the area, but there is no arrangement to keep the data of domestic tourists so far, according to the Council Office. Hoteliers here are elated with the rise in the arrival of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to tourism entrepreneurs, the second season from April to June will see higher number of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Last year, 439 foreign tourists had visited Nepal in this period. According to the Council's data, the number of foreign tourists has increased by 211 this year as compared to the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in arrival of tourists, the tourism business has started returning to normalcy. Man Kumar Limbu, office secretary of the Council, said the Kanchenjunga area, which has been deserted for a long time due to Covid-19, is slowly returning to normalcy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism is the main source of income for the communities living in the Kanchenjunga region. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20152', 'image' => '20240307114058_20240102110049_Kanchanjunga SVO (4).jpg', 'article_date' => '2024-03-07 11:40:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20424', 'article_category_id' => '1', 'title' => 'Twenty-Member Council of Ministers Formed', 'sub_title' => 'Newly-Appointed Ministers take Oath of Office and Secrecy', 'summary' => 'March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were administered oath of office and secrecy upon the recommendation of Prime Minister Pushpa Kamal Dahal in accordance with Article 80 of the Constitution at a special function held at the office of President on Wednesday evening. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal reshuffled the cabinet after breaking an alliance with the Nepali Congress. The new coalition partners include CPN Maoist Centre, CPN-UML, Rastriya Swatantra Party and CPN Unified Socialist. Three ministers took oath of office on Tuesday. With this, the Council of Ministers now has twenty members including the prime minister.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office on behalf of the CPN-UML on Wednesday include Deputy Prime Minister and Minister for Physical Infrastructure Raghubir Mahaseth; Minister for Defense Hari Prasad Uprety; Minister for Water Supply Rajendra Rai; Minister for Industry, Commerce and Supplies Damodar Bhandari; Minister for Women, Children and Senior Citizen Bhagawati Chaudhari; Minister for Agriculture and Livestock Development Jwala Kumari Saha; and Minister for Land Management and Cooperatives Balram Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the newly-appointed ministers on behalf of CPN (Maoist Centre) are Deputy Prime Minister and Foreign Minister Narayan Kaji Shretha; Finance Minister Barsha Man Pun, Minister for Water Resources and Energy Shakti Bahadur Basnet, Minister for Communications and Information Technology Rekha Sharma, and Minister for Culture, Tourism and Civil Aviation Hit Bahadur Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From Rastriya Swatantra Party, Rabi Lamichhane took the oath as Deputy Prime Minister and Home Minister, Sumana Shrestha as Minister for Education, Science and Technology, and Biraj Bhakta Shrestha as Minister for Youth and Sports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office from CPN (Unified Socialist) include Bhanu Bhakta Joshi as Minister for Federal Affairs and General Administration and Dhan Bahadur Budha as Minister for Urban Development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The swearing-in ceremony was attended by Vice President Ram Sahay Prasad Yadav, PM Dahal, Speaker Devraj Ghimire, UML Chair and former Prime Minister KP Sharma Oli and Chairperson of CPN (Unified Socialist) Madhav Kumar, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the three ministers without portfolio have been assigned ministries. Padam Giri as been handed the responsibility of the Ministry of Law, Justice and Parliamentary Affairs; Hit Bahadur Tamang has been appointed as Minister for Culture, Tourism and Civil Aviation, and Dol Prasad Aryal as Minister for Labour, Employment and Social Security. They took oath of office and secrecy on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The remaining ministries are currently handled by the prime minister himself. </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20151', 'image' => '20240307110935_RS_KTM_CABINET_RASTAPATI_1709738170789(1).jpg', 'article_date' => '2024-03-07 11:08:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20440', 'article_category_id' => '1', 'title' => 'Bankers Urge Finance Minister to Stop Chaotic Activities against BFIs', 'sub_title' => '', 'summary' => 'March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The representatives of Nepal Bankers Association met Pun on Thursday and demanded immediate action against those who spread misinformation that they do need to pay the bank loans. Sunil KC, president of the association, also drew the attention of the government to be serious about the security of the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They urged Minister Pun to be serious about the increase in cases of abusive behavior and physical attacks on bank employees who go to recover loans. In response, Minister Pun made it clear that the government will not entertain the campaign for defaulting bank loans.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun also informed that Prime Minister Pushpa Kamal Dahal, in the cabinet meeting held on Thursday morning, directed the related ministries and agencies to take action against those who are inciting to default on bank loans. Minister Pun said, "The trend of not paying the loans taken from banks and financial institutions cannot be allowed to continue for a long time. No one should encourage such trend."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Finance Minister Pun said that the government will not allow the morale of investors to fall as it will lead to the downfall of the overall economy and the country. He said that the government is clear that foreign investment can be attracted only if investment environment and investment security can be guaranteed in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"> "The government will put an end to the atmosphere of panic and fear in the private sector," said Pun.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun urged the regulatory bodies not to cause unnecessary hassles to the businessmen of the private sector. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">On a different note, Finance Minister Pun said that the pre-scheduled investment summit will not be affected due to the change in the ruling coalition.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20167', 'image' => '20240308015342_Banks - Copy.jpg', 'article_date' => '2024-03-08 13:53:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20439', 'article_category_id' => '1', 'title' => 'Sri Lanka Ex-Leader ‘Ousted’ over China Investments ', 'sub_title' => '', 'summary' => 'March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa was forced into temporary exile after protesters stormed his official residence in 2022, following months of street protests over the island nation's worst-ever economic crisis. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In a self-published account of his downfall, "The Conspiracy", Rajapaksa defends his government's economic policies, which forced an unprecedented foreign debt default and saw months of severe food and fuel shortages. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Instead, he said "Chinese funded infrastructure projects in Sri Lanka after 2006 brought in an element of geopolitical rivalry" that precipitated his overthrow. "It would be extremely naive for anyone to claim that there was no foreign hand in the moves made to oust me from power," Rajapaksa wrote. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa did not name specific countries, but the United States had in the past repeatedly warned Sri Lanka it risked falling into a Chinese debt trap by signing a raft of infrastructure deals. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">At the time of his ouster, the 74-year-old was initially flown out of Sri Lanka aboard a military aircraft and emailed his resignation from Singapore, but he has since returned home. In the book, Rajapaksa claimed that protesters who took to the streets as the economy ground to a halt in the final months of his tenure had "foreign funding", without offering evidence. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Beijing has funded several development projects in Sri Lanka, including a rarely-used convention centre and airport in Rajapaksa's hometown Hambantota, which critics have slammed as white elephants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China is also Sri Lanka's biggest single bilateral lender, owning around 10 percent of the island's foreign debt. Rajapaksa was once esteemed among the Sinhala Buddhist majority for helping end Sri Lanka's long civil war in 2009 while serving as the top defence official during his brother Mahinda's presidency. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">He was elected in a landslide in 2019 but his popularity crashed in tandem with Sri Lanka's economy less than three years later, as supermarket shelves stood empty and days-long queues formed at petrol stations. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Economists blamed the sudden downturn on ill-advised tax cuts by Rajapaksa's government that left it unable to respond to the collapse of foreign exchange reserves following the coronavirus pandemic. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Political commentator Kusal Perera said Rajapaksa's downfall was due to his own inept handling of the economy. "He was popular as a Sinhala-Buddhist leader thanks to media hype, but he was simply unable to deliver," Perera told AFP. Rajapaksa's successor Ranil Wickremesinghe has brokered an International Monetary Fund rescue package and sharply raised taxes to restore government finances. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20166', 'image' => '20240308014130_Gotabaya_1200px_22_10_28-1000x600.jpg', 'article_date' => '2024-03-08 13:40:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20438', 'article_category_id' => '1', 'title' => 'Securities Market has More than 42 Percent Women Investors', 'sub_title' => '', 'summary' => 'March 8: The securities market of Nepal has more than 42 percent of women investors. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: The securities market of Nepal has more than 42 percent of women investors. According to the latest data, 42.44 percent of the Demat (beneficiary) accounts, which are mandatory for securities transactions, are in the name of women.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Looking at the data up to March 6, the total number of beneficiary accounts has exceeded 62,05,000. According to CDS and Clearing Limited (CDSC), more than 26,33,000 of the total beneficiary accounts are in the name of women. This is 42.44 percent of the total beneficiary account. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There are more than 35,64,000 beneficiary accounts in the name of men. Similarly, 6,948 beneficiary accounts have been opened under the corporate segment and 54 beneficiary accounts in the other category, CDSC information officer Suresh Neupane told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">As the regulatory body has made it mandatory to open beneficiary account for securities transactions, the number of such accounts is continuously rising. Neupane informed that only 381,225 beneficiary accounts have been added in the current fiscal year. According to him, 58,24,279 beneficiary accounts were opened till the end of the previous fiscal year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Sarita Bista, vice president of the Stockbrokers Association, estimates that women, who make up almost half of the total beneficiary accounts, own 30 to 40 percent in the secondary market as well. Bista, who has been working as a broker for a long time, said that women are more active in the securities market these days than before.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She thinks that many women are not used to this technology-related market. “Our sisters who use social media can easily use the securities trading system,” said Bista, adding, that the women who have been investing in the capital market since a long time are doing business themselves.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She says that although women are ahead in everything in the market, they are still lagging behind in decision-making. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Bista, the capital market has expanded nationwide but many women are still beyond its reach.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Durga Tiwari, an active and successful investor in the capital market, considers the capital market as her business. Tiwari, who has spent nearly two decades in this field, says that when she entered the capital market in 2063, there were only a handful of female investors.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Breaking the historical background of only male participation in economic activities, Tiwari points out the need for women investors in the securities market to establish themselves not only numerically, but also qualitatively. According to Tiwari, women investors who have made the capital market their source of income have fulfilled their family responsibilities and also become partners in the family's economic progress.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20165', 'image' => '20240308013125_20230208110844_20180911013817_be.jpg', 'article_date' => '2024-03-08 13:30:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20437', 'article_category_id' => '1', 'title' => 'Private Industries Request NEA not to Increase Electricity Tariff', 'sub_title' => '', 'summary' => 'March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Koshi Province chapter of the Confederation of Nepalese Industry and Chamber of Industries Morang issued separate statements and requested the NEA not to increase the electricity tariff. They have also requested the NEA to improve the electricity distribution and supply system.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statements signed by the president of the chamber Rakesh Surana and the president of the provincial chapter of CNI Pawan Sharda mention that the private sector’s attention has been drawn to the issue of increasing the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The private sector stakeholders argued that the current electricity tariff per unit is higher than that of other countries and should not be increased. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the production cost of the industry will be affected, the organizations has suggested that consumers will have to bear the brunt if the NEA opts to raise the electricity tariff.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the industries are facing problems such as unannounced power cuts, tripping, and low-voltage for 10 hours a day, the organisations requested the Nepal Electricity Authority to provide uninterrupted electricity and also to improve the quality of the electricity supplied to the industries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They also complained that they are having difficulty in labor management when electricity supply is stopped in industries without prior notice.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statement issued by the confederation mentions that the private sector industries are reeling under the impacts of high interest rates of banks, problems related to raw materials, and the global economic recession.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The CNI argued that the private sector industries will be destroyed if the NEA increases electricity tariff during such difficult times.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20164', 'image' => '20240308125923_elec.jpg', 'article_date' => '2024-03-08 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20435', 'article_category_id' => '1', 'title' => 'Live Broadcast of Miss World Beauty Pageant on Dishhome this Saturday', 'sub_title' => '', 'summary' => 'March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal.', 'content' => '<p><br /> <span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal. The finals of the 71st Miss World competition, which started in New Delhi, India from February 2024, will be held on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">Dishhome informed that the program will be broadcast live starting at 7:45 PM Nepali standard time on Saturday. The finals featuring contestants from more than 100 countries will be held at the Jio World Convention Center in Mumbai.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20162', 'image' => '20240308122040_AP24067341264658.jpg', 'article_date' => '2024-03-08 12:19:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20434', 'article_category_id' => '1', 'title' => 'Foreign Minister Shrestha Requests Russian Counterpart to Return Nepalis Serving in Russian Army ', 'sub_title' => '', 'summary' => 'March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DPM Shrestha made such request to Russian Minister by holding a telephone conversation with him on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPM thanked the Russian minister for initiating the compensation process and requested to conclude it as soon as possible, according to a press release issued by the Ministry of Foreign Affairs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, the Russian Foreign Minister assured to address the concerns of the Nepali side. During the conversation, the Foreign Minister of Russia congratulated the Deputy Prime Minister and Foreign Minister on his assumption of office and extended best wishes. He also expressed his willingness to cooperate with the Nepali side on various fronts including trade, tourism and culture, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the two foreign ministers discussed various aspects of Nepal-Russia relations, including issues of Nepali citizens in the Russian Army. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20161', 'image' => '20240308115523_20230531012457_2l-image-59.jpg', 'article_date' => '2024-03-08 11:54:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20433', 'article_category_id' => '1', 'title' => '4,000 Security Personnel, Drones Mobilized at Pashupati Area for Mahashivaratri Festival', 'sub_title' => '', 'summary' => 'March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today. An integrated special security plan has been put in place for the festival, the state-owned RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Dinesh Raj Mainali informed RSS that drones were mobilized for the security in addition to security personnel. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The security arrangement is of three layers. They are at work from Thursday night to Saturday. Superintendent of Police at District Police Range Kathmandu, Nabaraj Adhikari, is leading the security mobilization. Emergency and rescue teams along with ambulance are standby in case of need. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A large number of devotees visit the Pashupatinath temple on the occasion of Mahasvivaratri every year. Especially, pilgrims and aesthetics from neighbouring India visit the temple. The Pashupati Area Development Trust takes special care of the visitors during this festival, ensuring food and accommodation as well as parting gifts to the holy men.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army observes the Army Day on the occasion of Mahashivaratri festival.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20160', 'image' => '20240308111854_BBB_KTM-IMG_0003.jpg', 'article_date' => '2024-03-08 11:18:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20432', 'article_category_id' => '1', 'title' => 'Nepal Imports Millet Worth Over Rs 520 million', 'sub_title' => '', 'summary' => ' In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">March 8: In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the same period of last fiscal year, Nepal imported 12217623 kilograms of millet grains. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There has been a decrease of 12 percent in the quantity of grain imports, while the price of the millet grain has gone up by 17 percent compared to the same period last year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal has been importing millet from countries like China, India, etc. According to the statistics, the highest amount of grain imports in seven months is from India. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the review period, Nepal imported 10721393 kilograms of grains worth Rs 52,76,68,000 from India. Similarly, the remaining amount was imported from China.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20159', 'image' => '20240308070916_collage (46).jpg', 'article_date' => '2024-03-08 07:07:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20431', 'article_category_id' => '1', 'title' => 'Honda Officials Inaugurate Two-Wheeler Assembly Plant in Nepal', 'sub_title' => '', 'summary' => 'March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. Businessman Saurabh Jyoti wrote on social media platform ‘X’ that “guests” from Honda Japan inaugurated the plant.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">According to Jyoti, Himal Moto Nepal, set up with an investment of Rs 1.5 billion, will produce 100,000 motorcycles and scooters “marking a new era of mobility”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">The assembly plant has been set up in an area of 220,000 sq ft, added Jyoti.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20158', 'image' => '20240307070957_GICojf4XcAAjWG1.jpg', 'article_date' => '2024-03-07 19:08:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20430', 'article_category_id' => '1', 'title' => 'Cost of Imports and Exports up due to Problem in Server of Department of Customs', 'sub_title' => '', 'summary' => 'March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs. The customs agents have requested the department to solve the problem immediately, saying that the cost of doing business has increased due to the ineffectiveness of the server.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The officials of the Federation of Customs Agents Nepal submitted a memorandum to the director general of the department, Shobhakant Paudel to apprise him that the problems in the server of the department has been delaying customs clearance of goods and this is having a negatively affecting the cost of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The team including the president of the Federation, Bharatraj Ghimire, met Director General Paudel and informed him about the problem. Director General Paudel assured the delegation that he will take initiative to solve the problem soon. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ghimire said that since the system was developed in such a way that it would generate OTP when filling the notification form but the OTP could not be generated as the server went down. As a result, the customs clearance process was obstructed.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs agents claim that the ineffectiveness of the server is also taking its toll on the revenue collection of the customs. Besides, it has encouraged smuggling of goods on passenger vehicles while causing inconvenience to the tourists entering Nepal from the border with their vehicles. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Punya Bikram Khadka, information officer of the Department of Customs, the problem has surfaced because the local internet service providers are not providing quality services. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This problem might also be linked with the problem in the system of integrated check post and the dry port and other agencies related with them. This is a technical matter," he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs is currently using the ASYCUDA (Automated System for Customs Data), a software developed by the United Nations agency UNCTAD (United Nations Conference on Trade and Development). It is used by the customs of more than 90 countries of the world. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to representatives of importers, imports and exports have been affected due to slow operation of the server. Rajman Tamang, chairman of Birgunj Customs Agents Association, said that the server goes haywire for 2 to 4 hours a day and complained that it has affected import and export of goods. He says that even though all the systems have gone online, it is taking more time for customs clearance because of the ineffective technology.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Bhanu Adhikari, former joint secretary of Birgunj Customs Agents Association, said that there is a problem with the server every day especially in the afternoon. He said that they are facing hassle such as entering the details of the same form twice and customs revenue not being paid on time. He added that they have been forced to pay additional parking fee due to the delay in customs clearance.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20157', 'image' => '20240307031501_asycuda.jpg', 'article_date' => '2024-03-07 15:14:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20429', 'article_category_id' => '1', 'title' => 'Price of Gold Sets New Record for the Third Straight Day', 'sub_title' => '', 'summary' => 'March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. The price of the precious yellow metal increased by Rs 1500 per tola (11.66 grams) to reach an all-time high of Rs 125,000 per tola.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Federation of Nepal Gold and Silver Dealers Association, hallmark gold is being trading at Rs 125,000 per tola in the domestic market against Rs 123,500 on Wednesday, which itself was a new record. On Tuesday, the price of gold was Rs 122,400 which was also a new record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Prior to this, the price of gold had set a record reaching Rs 122,000 per tola on December 28, 2023. The Federation determines the price of gold and silver based on the price in the international market. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of silver has also increased on Thursday. Silver is being trading at Rs 1,470 per tola, after the price increased by Rs 30 compared to Wednesday. Silver was traded at Rs 1,440 the previous day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of gold has also increased in the international market. Gold is being trading at $2,153 per ounce in the international market on Thursday against $2,147 per ounce the previous day.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20156', 'image' => '20240307024448_gold newwww.jpg', 'article_date' => '2024-03-07 14:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20428', 'article_category_id' => '1', 'title' => 'District Police Range Mobilizes Electronic QRT to Boost Security in Kathmandu ', 'sub_title' => '', 'summary' => 'March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Range, EQRT is being deployed under the 'Safer Valley Project' concept for promptly responding to citizen's complaint and incidents as part of its goal of making the police service efficient and technology-friendly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Bhupendra Khatri, chief of the police range, said the quick response team equipped with technology has been mobilized in order to make the policing based on technology, strengthening crime investigation, making it fact-based and also to make the regulation of the police personnel effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, 60 teams throughout the district have been mobilized along with digital technology in the first phase. The electronic system has been installed enabling 24 hours' tracking using the GPS system from the Police Control Room in order to create an environment for the police's quick response teams from the Range and the Police Circles and Sectors under it to reach the incident site at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Soon after reaching the incident site, the details of the incident site and the police team’s behaviour with victims and service recipients would be recorded in control room automatically. Additional cameras have been installed on the body of 60 QRT members so that activities of the QRT and incident site can be viewed live from the control room. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khatri shared that they would be mobilized in the field round the clock as the first response team. The team was deputed with various safety equipment including GPS tracking device, video camera, radio set and siren with light in order to make work execution of police quick, smooth and effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of Kathmandu Valley Police Office, Additional Inspector General of Police Deepak Thapa mentioned that the security of Kathmandu Valley would be more effective and technology-friendly with this initiative. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20155', 'image' => '20240307023200_20240203102709_20200903113103_1599056781.jpg', 'article_date' => '2024-03-07 14:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20427', 'article_category_id' => '1', 'title' => 'China's Economic Development will also Benefits Nepal: Experts ', 'sub_title' => '', 'summary' => 'March 7: Experts claim that neighboring China's economic development can also benefit Nepal.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Experts claim that neighboring China's economic development can also benefit Nepal. Speaking at an interaction on 'China's Economic Development and New Opportunities for Neighboring Countries' organized by China Media Group and co-organized by Nepal-China Youth Friendship Association on Wednesday, the experts said that China's economic development will benefit neighboring countries as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, former Nepali Ambassador to China Leelamani Poudyal said China's economic policy would have an impact in the world. He said Nepal could benefit from stability and economic development in China.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"China's economic policy during the global recession in 2008 had helped the world economy," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Diplomat Hiranya Lal Shrestha said China has made great strides in economic development in a short span of time. He said the visit of Chinese President Xi Jinping to Nepal has given some hope for Nepal's development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Wang Xin, representative of the Chinese Embassy in Nepal, said China's economy has been able to take a leap due to the rapid industrialization development and research. He also claimed that China contributed 42 per cent to the global economy in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the Federation of Export Entrepreneurs Shankar Pandey, Chairman of Nepal-China Cultural and Educational Council Dr Harish Chandra Shah, Chairman of World Cultural Net Deepak Sarkar, General Secretary of Nepal Himalayan Cross-Border Commerce Association Ram Chandra Parajuli, Secretary of China Study Center Prakash Babu Poudel, among others, said Nepal-China relation has not developed as it should have been. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of China Media Group, South Asia Bureau Zhang Yue and President of Nepal-China Youth Friendship Association Bishnu Sapkota stressed the need to work for Nepal's development by removing the confusion among the people about Nepal-China relations. – RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20154', 'image' => '20240307123344_Nepal-china-trade.jpg', 'article_date' => '2024-03-07 12:32:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20425', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Rebounding in Kanchanjunga Area ', 'sub_title' => '', 'summary' => 'March 7: The number of tourists visiting Kanchenjunga area has increased of late. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The number of tourists visiting Kanchenjunga area has increased of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As many as 650 foreign tourists visited the Kanchenjunga area in the last three months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer at the Office of The Kanchenjunga Conservation Area Management Council, Dobhan Limbu, confirmed that 650 foreign tourists visited the base camp of Mt Kanchenjunga in the first season of the this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An equal number of domestic tourists also visited the area, but there is no arrangement to keep the data of domestic tourists so far, according to the Council Office. Hoteliers here are elated with the rise in the arrival of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to tourism entrepreneurs, the second season from April to June will see higher number of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Last year, 439 foreign tourists had visited Nepal in this period. According to the Council's data, the number of foreign tourists has increased by 211 this year as compared to the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in arrival of tourists, the tourism business has started returning to normalcy. Man Kumar Limbu, office secretary of the Council, said the Kanchenjunga area, which has been deserted for a long time due to Covid-19, is slowly returning to normalcy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism is the main source of income for the communities living in the Kanchenjunga region. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20152', 'image' => '20240307114058_20240102110049_Kanchanjunga SVO (4).jpg', 'article_date' => '2024-03-07 11:40:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20424', 'article_category_id' => '1', 'title' => 'Twenty-Member Council of Ministers Formed', 'sub_title' => 'Newly-Appointed Ministers take Oath of Office and Secrecy', 'summary' => 'March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were administered oath of office and secrecy upon the recommendation of Prime Minister Pushpa Kamal Dahal in accordance with Article 80 of the Constitution at a special function held at the office of President on Wednesday evening. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal reshuffled the cabinet after breaking an alliance with the Nepali Congress. The new coalition partners include CPN Maoist Centre, CPN-UML, Rastriya Swatantra Party and CPN Unified Socialist. Three ministers took oath of office on Tuesday. With this, the Council of Ministers now has twenty members including the prime minister.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office on behalf of the CPN-UML on Wednesday include Deputy Prime Minister and Minister for Physical Infrastructure Raghubir Mahaseth; Minister for Defense Hari Prasad Uprety; Minister for Water Supply Rajendra Rai; Minister for Industry, Commerce and Supplies Damodar Bhandari; Minister for Women, Children and Senior Citizen Bhagawati Chaudhari; Minister for Agriculture and Livestock Development Jwala Kumari Saha; and Minister for Land Management and Cooperatives Balram Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the newly-appointed ministers on behalf of CPN (Maoist Centre) are Deputy Prime Minister and Foreign Minister Narayan Kaji Shretha; Finance Minister Barsha Man Pun, Minister for Water Resources and Energy Shakti Bahadur Basnet, Minister for Communications and Information Technology Rekha Sharma, and Minister for Culture, Tourism and Civil Aviation Hit Bahadur Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From Rastriya Swatantra Party, Rabi Lamichhane took the oath as Deputy Prime Minister and Home Minister, Sumana Shrestha as Minister for Education, Science and Technology, and Biraj Bhakta Shrestha as Minister for Youth and Sports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office from CPN (Unified Socialist) include Bhanu Bhakta Joshi as Minister for Federal Affairs and General Administration and Dhan Bahadur Budha as Minister for Urban Development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The swearing-in ceremony was attended by Vice President Ram Sahay Prasad Yadav, PM Dahal, Speaker Devraj Ghimire, UML Chair and former Prime Minister KP Sharma Oli and Chairperson of CPN (Unified Socialist) Madhav Kumar, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the three ministers without portfolio have been assigned ministries. Padam Giri as been handed the responsibility of the Ministry of Law, Justice and Parliamentary Affairs; Hit Bahadur Tamang has been appointed as Minister for Culture, Tourism and Civil Aviation, and Dol Prasad Aryal as Minister for Labour, Employment and Social Security. They took oath of office and secrecy on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The remaining ministries are currently handled by the prime minister himself. </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20151', 'image' => '20240307110935_RS_KTM_CABINET_RASTAPATI_1709738170789(1).jpg', 'article_date' => '2024-03-07 11:08:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20440', 'article_category_id' => '1', 'title' => 'Bankers Urge Finance Minister to Stop Chaotic Activities against BFIs', 'sub_title' => '', 'summary' => 'March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The representatives of Nepal Bankers Association met Pun on Thursday and demanded immediate action against those who spread misinformation that they do need to pay the bank loans. Sunil KC, president of the association, also drew the attention of the government to be serious about the security of the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They urged Minister Pun to be serious about the increase in cases of abusive behavior and physical attacks on bank employees who go to recover loans. In response, Minister Pun made it clear that the government will not entertain the campaign for defaulting bank loans.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun also informed that Prime Minister Pushpa Kamal Dahal, in the cabinet meeting held on Thursday morning, directed the related ministries and agencies to take action against those who are inciting to default on bank loans. Minister Pun said, "The trend of not paying the loans taken from banks and financial institutions cannot be allowed to continue for a long time. No one should encourage such trend."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Finance Minister Pun said that the government will not allow the morale of investors to fall as it will lead to the downfall of the overall economy and the country. He said that the government is clear that foreign investment can be attracted only if investment environment and investment security can be guaranteed in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"> "The government will put an end to the atmosphere of panic and fear in the private sector," said Pun.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun urged the regulatory bodies not to cause unnecessary hassles to the businessmen of the private sector. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">On a different note, Finance Minister Pun said that the pre-scheduled investment summit will not be affected due to the change in the ruling coalition.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20167', 'image' => '20240308015342_Banks - Copy.jpg', 'article_date' => '2024-03-08 13:53:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20439', 'article_category_id' => '1', 'title' => 'Sri Lanka Ex-Leader ‘Ousted’ over China Investments ', 'sub_title' => '', 'summary' => 'March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa was forced into temporary exile after protesters stormed his official residence in 2022, following months of street protests over the island nation's worst-ever economic crisis. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In a self-published account of his downfall, "The Conspiracy", Rajapaksa defends his government's economic policies, which forced an unprecedented foreign debt default and saw months of severe food and fuel shortages. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Instead, he said "Chinese funded infrastructure projects in Sri Lanka after 2006 brought in an element of geopolitical rivalry" that precipitated his overthrow. "It would be extremely naive for anyone to claim that there was no foreign hand in the moves made to oust me from power," Rajapaksa wrote. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa did not name specific countries, but the United States had in the past repeatedly warned Sri Lanka it risked falling into a Chinese debt trap by signing a raft of infrastructure deals. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">At the time of his ouster, the 74-year-old was initially flown out of Sri Lanka aboard a military aircraft and emailed his resignation from Singapore, but he has since returned home. In the book, Rajapaksa claimed that protesters who took to the streets as the economy ground to a halt in the final months of his tenure had "foreign funding", without offering evidence. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Beijing has funded several development projects in Sri Lanka, including a rarely-used convention centre and airport in Rajapaksa's hometown Hambantota, which critics have slammed as white elephants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China is also Sri Lanka's biggest single bilateral lender, owning around 10 percent of the island's foreign debt. Rajapaksa was once esteemed among the Sinhala Buddhist majority for helping end Sri Lanka's long civil war in 2009 while serving as the top defence official during his brother Mahinda's presidency. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">He was elected in a landslide in 2019 but his popularity crashed in tandem with Sri Lanka's economy less than three years later, as supermarket shelves stood empty and days-long queues formed at petrol stations. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Economists blamed the sudden downturn on ill-advised tax cuts by Rajapaksa's government that left it unable to respond to the collapse of foreign exchange reserves following the coronavirus pandemic. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Political commentator Kusal Perera said Rajapaksa's downfall was due to his own inept handling of the economy. "He was popular as a Sinhala-Buddhist leader thanks to media hype, but he was simply unable to deliver," Perera told AFP. Rajapaksa's successor Ranil Wickremesinghe has brokered an International Monetary Fund rescue package and sharply raised taxes to restore government finances. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20166', 'image' => '20240308014130_Gotabaya_1200px_22_10_28-1000x600.jpg', 'article_date' => '2024-03-08 13:40:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20438', 'article_category_id' => '1', 'title' => 'Securities Market has More than 42 Percent Women Investors', 'sub_title' => '', 'summary' => 'March 8: The securities market of Nepal has more than 42 percent of women investors. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: The securities market of Nepal has more than 42 percent of women investors. According to the latest data, 42.44 percent of the Demat (beneficiary) accounts, which are mandatory for securities transactions, are in the name of women.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Looking at the data up to March 6, the total number of beneficiary accounts has exceeded 62,05,000. According to CDS and Clearing Limited (CDSC), more than 26,33,000 of the total beneficiary accounts are in the name of women. This is 42.44 percent of the total beneficiary account. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There are more than 35,64,000 beneficiary accounts in the name of men. Similarly, 6,948 beneficiary accounts have been opened under the corporate segment and 54 beneficiary accounts in the other category, CDSC information officer Suresh Neupane told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">As the regulatory body has made it mandatory to open beneficiary account for securities transactions, the number of such accounts is continuously rising. Neupane informed that only 381,225 beneficiary accounts have been added in the current fiscal year. According to him, 58,24,279 beneficiary accounts were opened till the end of the previous fiscal year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Sarita Bista, vice president of the Stockbrokers Association, estimates that women, who make up almost half of the total beneficiary accounts, own 30 to 40 percent in the secondary market as well. Bista, who has been working as a broker for a long time, said that women are more active in the securities market these days than before.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She thinks that many women are not used to this technology-related market. “Our sisters who use social media can easily use the securities trading system,” said Bista, adding, that the women who have been investing in the capital market since a long time are doing business themselves.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She says that although women are ahead in everything in the market, they are still lagging behind in decision-making. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Bista, the capital market has expanded nationwide but many women are still beyond its reach.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Durga Tiwari, an active and successful investor in the capital market, considers the capital market as her business. Tiwari, who has spent nearly two decades in this field, says that when she entered the capital market in 2063, there were only a handful of female investors.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Breaking the historical background of only male participation in economic activities, Tiwari points out the need for women investors in the securities market to establish themselves not only numerically, but also qualitatively. According to Tiwari, women investors who have made the capital market their source of income have fulfilled their family responsibilities and also become partners in the family's economic progress.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20165', 'image' => '20240308013125_20230208110844_20180911013817_be.jpg', 'article_date' => '2024-03-08 13:30:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20437', 'article_category_id' => '1', 'title' => 'Private Industries Request NEA not to Increase Electricity Tariff', 'sub_title' => '', 'summary' => 'March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Koshi Province chapter of the Confederation of Nepalese Industry and Chamber of Industries Morang issued separate statements and requested the NEA not to increase the electricity tariff. They have also requested the NEA to improve the electricity distribution and supply system.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statements signed by the president of the chamber Rakesh Surana and the president of the provincial chapter of CNI Pawan Sharda mention that the private sector’s attention has been drawn to the issue of increasing the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The private sector stakeholders argued that the current electricity tariff per unit is higher than that of other countries and should not be increased. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the production cost of the industry will be affected, the organizations has suggested that consumers will have to bear the brunt if the NEA opts to raise the electricity tariff.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the industries are facing problems such as unannounced power cuts, tripping, and low-voltage for 10 hours a day, the organisations requested the Nepal Electricity Authority to provide uninterrupted electricity and also to improve the quality of the electricity supplied to the industries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They also complained that they are having difficulty in labor management when electricity supply is stopped in industries without prior notice.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statement issued by the confederation mentions that the private sector industries are reeling under the impacts of high interest rates of banks, problems related to raw materials, and the global economic recession.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The CNI argued that the private sector industries will be destroyed if the NEA increases electricity tariff during such difficult times.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20164', 'image' => '20240308125923_elec.jpg', 'article_date' => '2024-03-08 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20435', 'article_category_id' => '1', 'title' => 'Live Broadcast of Miss World Beauty Pageant on Dishhome this Saturday', 'sub_title' => '', 'summary' => 'March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal.', 'content' => '<p><br /> <span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal. The finals of the 71st Miss World competition, which started in New Delhi, India from February 2024, will be held on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">Dishhome informed that the program will be broadcast live starting at 7:45 PM Nepali standard time on Saturday. The finals featuring contestants from more than 100 countries will be held at the Jio World Convention Center in Mumbai.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20162', 'image' => '20240308122040_AP24067341264658.jpg', 'article_date' => '2024-03-08 12:19:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20434', 'article_category_id' => '1', 'title' => 'Foreign Minister Shrestha Requests Russian Counterpart to Return Nepalis Serving in Russian Army ', 'sub_title' => '', 'summary' => 'March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DPM Shrestha made such request to Russian Minister by holding a telephone conversation with him on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPM thanked the Russian minister for initiating the compensation process and requested to conclude it as soon as possible, according to a press release issued by the Ministry of Foreign Affairs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, the Russian Foreign Minister assured to address the concerns of the Nepali side. During the conversation, the Foreign Minister of Russia congratulated the Deputy Prime Minister and Foreign Minister on his assumption of office and extended best wishes. He also expressed his willingness to cooperate with the Nepali side on various fronts including trade, tourism and culture, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the two foreign ministers discussed various aspects of Nepal-Russia relations, including issues of Nepali citizens in the Russian Army. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20161', 'image' => '20240308115523_20230531012457_2l-image-59.jpg', 'article_date' => '2024-03-08 11:54:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20433', 'article_category_id' => '1', 'title' => '4,000 Security Personnel, Drones Mobilized at Pashupati Area for Mahashivaratri Festival', 'sub_title' => '', 'summary' => 'March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today. An integrated special security plan has been put in place for the festival, the state-owned RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Dinesh Raj Mainali informed RSS that drones were mobilized for the security in addition to security personnel. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The security arrangement is of three layers. They are at work from Thursday night to Saturday. Superintendent of Police at District Police Range Kathmandu, Nabaraj Adhikari, is leading the security mobilization. Emergency and rescue teams along with ambulance are standby in case of need. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A large number of devotees visit the Pashupatinath temple on the occasion of Mahasvivaratri every year. Especially, pilgrims and aesthetics from neighbouring India visit the temple. The Pashupati Area Development Trust takes special care of the visitors during this festival, ensuring food and accommodation as well as parting gifts to the holy men.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army observes the Army Day on the occasion of Mahashivaratri festival.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20160', 'image' => '20240308111854_BBB_KTM-IMG_0003.jpg', 'article_date' => '2024-03-08 11:18:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20432', 'article_category_id' => '1', 'title' => 'Nepal Imports Millet Worth Over Rs 520 million', 'sub_title' => '', 'summary' => ' In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">March 8: In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the same period of last fiscal year, Nepal imported 12217623 kilograms of millet grains. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There has been a decrease of 12 percent in the quantity of grain imports, while the price of the millet grain has gone up by 17 percent compared to the same period last year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal has been importing millet from countries like China, India, etc. According to the statistics, the highest amount of grain imports in seven months is from India. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the review period, Nepal imported 10721393 kilograms of grains worth Rs 52,76,68,000 from India. Similarly, the remaining amount was imported from China.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20159', 'image' => '20240308070916_collage (46).jpg', 'article_date' => '2024-03-08 07:07:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20431', 'article_category_id' => '1', 'title' => 'Honda Officials Inaugurate Two-Wheeler Assembly Plant in Nepal', 'sub_title' => '', 'summary' => 'March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. Businessman Saurabh Jyoti wrote on social media platform ‘X’ that “guests” from Honda Japan inaugurated the plant.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">According to Jyoti, Himal Moto Nepal, set up with an investment of Rs 1.5 billion, will produce 100,000 motorcycles and scooters “marking a new era of mobility”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">The assembly plant has been set up in an area of 220,000 sq ft, added Jyoti.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20158', 'image' => '20240307070957_GICojf4XcAAjWG1.jpg', 'article_date' => '2024-03-07 19:08:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20430', 'article_category_id' => '1', 'title' => 'Cost of Imports and Exports up due to Problem in Server of Department of Customs', 'sub_title' => '', 'summary' => 'March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs. The customs agents have requested the department to solve the problem immediately, saying that the cost of doing business has increased due to the ineffectiveness of the server.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The officials of the Federation of Customs Agents Nepal submitted a memorandum to the director general of the department, Shobhakant Paudel to apprise him that the problems in the server of the department has been delaying customs clearance of goods and this is having a negatively affecting the cost of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The team including the president of the Federation, Bharatraj Ghimire, met Director General Paudel and informed him about the problem. Director General Paudel assured the delegation that he will take initiative to solve the problem soon. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ghimire said that since the system was developed in such a way that it would generate OTP when filling the notification form but the OTP could not be generated as the server went down. As a result, the customs clearance process was obstructed.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs agents claim that the ineffectiveness of the server is also taking its toll on the revenue collection of the customs. Besides, it has encouraged smuggling of goods on passenger vehicles while causing inconvenience to the tourists entering Nepal from the border with their vehicles. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Punya Bikram Khadka, information officer of the Department of Customs, the problem has surfaced because the local internet service providers are not providing quality services. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This problem might also be linked with the problem in the system of integrated check post and the dry port and other agencies related with them. This is a technical matter," he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs is currently using the ASYCUDA (Automated System for Customs Data), a software developed by the United Nations agency UNCTAD (United Nations Conference on Trade and Development). It is used by the customs of more than 90 countries of the world. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to representatives of importers, imports and exports have been affected due to slow operation of the server. Rajman Tamang, chairman of Birgunj Customs Agents Association, said that the server goes haywire for 2 to 4 hours a day and complained that it has affected import and export of goods. He says that even though all the systems have gone online, it is taking more time for customs clearance because of the ineffective technology.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Bhanu Adhikari, former joint secretary of Birgunj Customs Agents Association, said that there is a problem with the server every day especially in the afternoon. He said that they are facing hassle such as entering the details of the same form twice and customs revenue not being paid on time. He added that they have been forced to pay additional parking fee due to the delay in customs clearance.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20157', 'image' => '20240307031501_asycuda.jpg', 'article_date' => '2024-03-07 15:14:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20429', 'article_category_id' => '1', 'title' => 'Price of Gold Sets New Record for the Third Straight Day', 'sub_title' => '', 'summary' => 'March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. The price of the precious yellow metal increased by Rs 1500 per tola (11.66 grams) to reach an all-time high of Rs 125,000 per tola.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Federation of Nepal Gold and Silver Dealers Association, hallmark gold is being trading at Rs 125,000 per tola in the domestic market against Rs 123,500 on Wednesday, which itself was a new record. On Tuesday, the price of gold was Rs 122,400 which was also a new record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Prior to this, the price of gold had set a record reaching Rs 122,000 per tola on December 28, 2023. The Federation determines the price of gold and silver based on the price in the international market. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of silver has also increased on Thursday. Silver is being trading at Rs 1,470 per tola, after the price increased by Rs 30 compared to Wednesday. Silver was traded at Rs 1,440 the previous day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of gold has also increased in the international market. Gold is being trading at $2,153 per ounce in the international market on Thursday against $2,147 per ounce the previous day.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20156', 'image' => '20240307024448_gold newwww.jpg', 'article_date' => '2024-03-07 14:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20428', 'article_category_id' => '1', 'title' => 'District Police Range Mobilizes Electronic QRT to Boost Security in Kathmandu ', 'sub_title' => '', 'summary' => 'March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Range, EQRT is being deployed under the 'Safer Valley Project' concept for promptly responding to citizen's complaint and incidents as part of its goal of making the police service efficient and technology-friendly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Bhupendra Khatri, chief of the police range, said the quick response team equipped with technology has been mobilized in order to make the policing based on technology, strengthening crime investigation, making it fact-based and also to make the regulation of the police personnel effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, 60 teams throughout the district have been mobilized along with digital technology in the first phase. The electronic system has been installed enabling 24 hours' tracking using the GPS system from the Police Control Room in order to create an environment for the police's quick response teams from the Range and the Police Circles and Sectors under it to reach the incident site at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Soon after reaching the incident site, the details of the incident site and the police team’s behaviour with victims and service recipients would be recorded in control room automatically. Additional cameras have been installed on the body of 60 QRT members so that activities of the QRT and incident site can be viewed live from the control room. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khatri shared that they would be mobilized in the field round the clock as the first response team. The team was deputed with various safety equipment including GPS tracking device, video camera, radio set and siren with light in order to make work execution of police quick, smooth and effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of Kathmandu Valley Police Office, Additional Inspector General of Police Deepak Thapa mentioned that the security of Kathmandu Valley would be more effective and technology-friendly with this initiative. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20155', 'image' => '20240307023200_20240203102709_20200903113103_1599056781.jpg', 'article_date' => '2024-03-07 14:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20427', 'article_category_id' => '1', 'title' => 'China's Economic Development will also Benefits Nepal: Experts ', 'sub_title' => '', 'summary' => 'March 7: Experts claim that neighboring China's economic development can also benefit Nepal.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Experts claim that neighboring China's economic development can also benefit Nepal. Speaking at an interaction on 'China's Economic Development and New Opportunities for Neighboring Countries' organized by China Media Group and co-organized by Nepal-China Youth Friendship Association on Wednesday, the experts said that China's economic development will benefit neighboring countries as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, former Nepali Ambassador to China Leelamani Poudyal said China's economic policy would have an impact in the world. He said Nepal could benefit from stability and economic development in China.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"China's economic policy during the global recession in 2008 had helped the world economy," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Diplomat Hiranya Lal Shrestha said China has made great strides in economic development in a short span of time. He said the visit of Chinese President Xi Jinping to Nepal has given some hope for Nepal's development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Wang Xin, representative of the Chinese Embassy in Nepal, said China's economy has been able to take a leap due to the rapid industrialization development and research. He also claimed that China contributed 42 per cent to the global economy in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the Federation of Export Entrepreneurs Shankar Pandey, Chairman of Nepal-China Cultural and Educational Council Dr Harish Chandra Shah, Chairman of World Cultural Net Deepak Sarkar, General Secretary of Nepal Himalayan Cross-Border Commerce Association Ram Chandra Parajuli, Secretary of China Study Center Prakash Babu Poudel, among others, said Nepal-China relation has not developed as it should have been. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of China Media Group, South Asia Bureau Zhang Yue and President of Nepal-China Youth Friendship Association Bishnu Sapkota stressed the need to work for Nepal's development by removing the confusion among the people about Nepal-China relations. – RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20154', 'image' => '20240307123344_Nepal-china-trade.jpg', 'article_date' => '2024-03-07 12:32:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20425', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Rebounding in Kanchanjunga Area ', 'sub_title' => '', 'summary' => 'March 7: The number of tourists visiting Kanchenjunga area has increased of late. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The number of tourists visiting Kanchenjunga area has increased of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As many as 650 foreign tourists visited the Kanchenjunga area in the last three months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer at the Office of The Kanchenjunga Conservation Area Management Council, Dobhan Limbu, confirmed that 650 foreign tourists visited the base camp of Mt Kanchenjunga in the first season of the this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An equal number of domestic tourists also visited the area, but there is no arrangement to keep the data of domestic tourists so far, according to the Council Office. Hoteliers here are elated with the rise in the arrival of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to tourism entrepreneurs, the second season from April to June will see higher number of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Last year, 439 foreign tourists had visited Nepal in this period. According to the Council's data, the number of foreign tourists has increased by 211 this year as compared to the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in arrival of tourists, the tourism business has started returning to normalcy. Man Kumar Limbu, office secretary of the Council, said the Kanchenjunga area, which has been deserted for a long time due to Covid-19, is slowly returning to normalcy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism is the main source of income for the communities living in the Kanchenjunga region. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20152', 'image' => '20240307114058_20240102110049_Kanchanjunga SVO (4).jpg', 'article_date' => '2024-03-07 11:40:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20424', 'article_category_id' => '1', 'title' => 'Twenty-Member Council of Ministers Formed', 'sub_title' => 'Newly-Appointed Ministers take Oath of Office and Secrecy', 'summary' => 'March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were administered oath of office and secrecy upon the recommendation of Prime Minister Pushpa Kamal Dahal in accordance with Article 80 of the Constitution at a special function held at the office of President on Wednesday evening. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal reshuffled the cabinet after breaking an alliance with the Nepali Congress. The new coalition partners include CPN Maoist Centre, CPN-UML, Rastriya Swatantra Party and CPN Unified Socialist. Three ministers took oath of office on Tuesday. With this, the Council of Ministers now has twenty members including the prime minister.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office on behalf of the CPN-UML on Wednesday include Deputy Prime Minister and Minister for Physical Infrastructure Raghubir Mahaseth; Minister for Defense Hari Prasad Uprety; Minister for Water Supply Rajendra Rai; Minister for Industry, Commerce and Supplies Damodar Bhandari; Minister for Women, Children and Senior Citizen Bhagawati Chaudhari; Minister for Agriculture and Livestock Development Jwala Kumari Saha; and Minister for Land Management and Cooperatives Balram Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the newly-appointed ministers on behalf of CPN (Maoist Centre) are Deputy Prime Minister and Foreign Minister Narayan Kaji Shretha; Finance Minister Barsha Man Pun, Minister for Water Resources and Energy Shakti Bahadur Basnet, Minister for Communications and Information Technology Rekha Sharma, and Minister for Culture, Tourism and Civil Aviation Hit Bahadur Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From Rastriya Swatantra Party, Rabi Lamichhane took the oath as Deputy Prime Minister and Home Minister, Sumana Shrestha as Minister for Education, Science and Technology, and Biraj Bhakta Shrestha as Minister for Youth and Sports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office from CPN (Unified Socialist) include Bhanu Bhakta Joshi as Minister for Federal Affairs and General Administration and Dhan Bahadur Budha as Minister for Urban Development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The swearing-in ceremony was attended by Vice President Ram Sahay Prasad Yadav, PM Dahal, Speaker Devraj Ghimire, UML Chair and former Prime Minister KP Sharma Oli and Chairperson of CPN (Unified Socialist) Madhav Kumar, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the three ministers without portfolio have been assigned ministries. Padam Giri as been handed the responsibility of the Ministry of Law, Justice and Parliamentary Affairs; Hit Bahadur Tamang has been appointed as Minister for Culture, Tourism and Civil Aviation, and Dol Prasad Aryal as Minister for Labour, Employment and Social Security. They took oath of office and secrecy on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The remaining ministries are currently handled by the prime minister himself. </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20151', 'image' => '20240307110935_RS_KTM_CABINET_RASTAPATI_1709738170789(1).jpg', 'article_date' => '2024-03-07 11:08:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20440', 'article_category_id' => '1', 'title' => 'Bankers Urge Finance Minister to Stop Chaotic Activities against BFIs', 'sub_title' => '', 'summary' => 'March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Bankers have urged the newly-appointed Finance Minister Barshman Pun to stop the chaotic activities against banks and financial institutions.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The representatives of Nepal Bankers Association met Pun on Thursday and demanded immediate action against those who spread misinformation that they do need to pay the bank loans. Sunil KC, president of the association, also drew the attention of the government to be serious about the security of the banking sector.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They urged Minister Pun to be serious about the increase in cases of abusive behavior and physical attacks on bank employees who go to recover loans. In response, Minister Pun made it clear that the government will not entertain the campaign for defaulting bank loans.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun also informed that Prime Minister Pushpa Kamal Dahal, in the cabinet meeting held on Thursday morning, directed the related ministries and agencies to take action against those who are inciting to default on bank loans. Minister Pun said, "The trend of not paying the loans taken from banks and financial institutions cannot be allowed to continue for a long time. No one should encourage such trend."</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Finance Minister Pun said that the government will not allow the morale of investors to fall as it will lead to the downfall of the overall economy and the country. He said that the government is clear that foreign investment can be attracted only if investment environment and investment security can be guaranteed in the country.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"> "The government will put an end to the atmosphere of panic and fear in the private sector," said Pun.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Minister Pun urged the regulatory bodies not to cause unnecessary hassles to the businessmen of the private sector. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">On a different note, Finance Minister Pun said that the pre-scheduled investment summit will not be affected due to the change in the ruling coalition.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20167', 'image' => '20240308015342_Banks - Copy.jpg', 'article_date' => '2024-03-08 13:53:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '20439', 'article_category_id' => '1', 'title' => 'Sri Lanka Ex-Leader ‘Ousted’ over China Investments ', 'sub_title' => '', 'summary' => 'March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Former Sri Lankan president Gotabaya Rajapaksa ended a long silence over his ouster Thursday by releasing a book claiming "geopolitical rivalry" between China and other countries was responsible for his downfall. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa was forced into temporary exile after protesters stormed his official residence in 2022, following months of street protests over the island nation's worst-ever economic crisis. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In a self-published account of his downfall, "The Conspiracy", Rajapaksa defends his government's economic policies, which forced an unprecedented foreign debt default and saw months of severe food and fuel shortages. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Instead, he said "Chinese funded infrastructure projects in Sri Lanka after 2006 brought in an element of geopolitical rivalry" that precipitated his overthrow. "It would be extremely naive for anyone to claim that there was no foreign hand in the moves made to oust me from power," Rajapaksa wrote. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Rajapaksa did not name specific countries, but the United States had in the past repeatedly warned Sri Lanka it risked falling into a Chinese debt trap by signing a raft of infrastructure deals. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">At the time of his ouster, the 74-year-old was initially flown out of Sri Lanka aboard a military aircraft and emailed his resignation from Singapore, but he has since returned home. In the book, Rajapaksa claimed that protesters who took to the streets as the economy ground to a halt in the final months of his tenure had "foreign funding", without offering evidence. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Beijing has funded several development projects in Sri Lanka, including a rarely-used convention centre and airport in Rajapaksa's hometown Hambantota, which critics have slammed as white elephants. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">China is also Sri Lanka's biggest single bilateral lender, owning around 10 percent of the island's foreign debt. Rajapaksa was once esteemed among the Sinhala Buddhist majority for helping end Sri Lanka's long civil war in 2009 while serving as the top defence official during his brother Mahinda's presidency. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">He was elected in a landslide in 2019 but his popularity crashed in tandem with Sri Lanka's economy less than three years later, as supermarket shelves stood empty and days-long queues formed at petrol stations. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Economists blamed the sudden downturn on ill-advised tax cuts by Rajapaksa's government that left it unable to respond to the collapse of foreign exchange reserves following the coronavirus pandemic. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Political commentator Kusal Perera said Rajapaksa's downfall was due to his own inept handling of the economy. "He was popular as a Sinhala-Buddhist leader thanks to media hype, but he was simply unable to deliver," Perera told AFP. Rajapaksa's successor Ranil Wickremesinghe has brokered an International Monetary Fund rescue package and sharply raised taxes to restore government finances. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20166', 'image' => '20240308014130_Gotabaya_1200px_22_10_28-1000x600.jpg', 'article_date' => '2024-03-08 13:40:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '20438', 'article_category_id' => '1', 'title' => 'Securities Market has More than 42 Percent Women Investors', 'sub_title' => '', 'summary' => 'March 8: The securities market of Nepal has more than 42 percent of women investors. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: The securities market of Nepal has more than 42 percent of women investors. According to the latest data, 42.44 percent of the Demat (beneficiary) accounts, which are mandatory for securities transactions, are in the name of women.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Looking at the data up to March 6, the total number of beneficiary accounts has exceeded 62,05,000. According to CDS and Clearing Limited (CDSC), more than 26,33,000 of the total beneficiary accounts are in the name of women. This is 42.44 percent of the total beneficiary account. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">There are more than 35,64,000 beneficiary accounts in the name of men. Similarly, 6,948 beneficiary accounts have been opened under the corporate segment and 54 beneficiary accounts in the other category, CDSC information officer Suresh Neupane told New Business Age.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">As the regulatory body has made it mandatory to open beneficiary account for securities transactions, the number of such accounts is continuously rising. Neupane informed that only 381,225 beneficiary accounts have been added in the current fiscal year. According to him, 58,24,279 beneficiary accounts were opened till the end of the previous fiscal year. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Sarita Bista, vice president of the Stockbrokers Association, estimates that women, who make up almost half of the total beneficiary accounts, own 30 to 40 percent in the secondary market as well. Bista, who has been working as a broker for a long time, said that women are more active in the securities market these days than before.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She thinks that many women are not used to this technology-related market. “Our sisters who use social media can easily use the securities trading system,” said Bista, adding, that the women who have been investing in the capital market since a long time are doing business themselves.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">She says that although women are ahead in everything in the market, they are still lagging behind in decision-making. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Bista, the capital market has expanded nationwide but many women are still beyond its reach.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Durga Tiwari, an active and successful investor in the capital market, considers the capital market as her business. Tiwari, who has spent nearly two decades in this field, says that when she entered the capital market in 2063, there were only a handful of female investors.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Breaking the historical background of only male participation in economic activities, Tiwari points out the need for women investors in the securities market to establish themselves not only numerically, but also qualitatively. According to Tiwari, women investors who have made the capital market their source of income have fulfilled their family responsibilities and also become partners in the family's economic progress.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20165', 'image' => '20240308013125_20230208110844_20180911013817_be.jpg', 'article_date' => '2024-03-08 13:30:49', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20437', 'article_category_id' => '1', 'title' => 'Private Industries Request NEA not to Increase Electricity Tariff', 'sub_title' => '', 'summary' => 'March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 8: Private sector stakeholders have requested Nepal Electricity Authority not to increase the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Koshi Province chapter of the Confederation of Nepalese Industry and Chamber of Industries Morang issued separate statements and requested the NEA not to increase the electricity tariff. They have also requested the NEA to improve the electricity distribution and supply system.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statements signed by the president of the chamber Rakesh Surana and the president of the provincial chapter of CNI Pawan Sharda mention that the private sector’s attention has been drawn to the issue of increasing the electricity tariff. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The private sector stakeholders argued that the current electricity tariff per unit is higher than that of other countries and should not be increased. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the production cost of the industry will be affected, the organizations has suggested that consumers will have to bear the brunt if the NEA opts to raise the electricity tariff.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Stating that the industries are facing problems such as unannounced power cuts, tripping, and low-voltage for 10 hours a day, the organisations requested the Nepal Electricity Authority to provide uninterrupted electricity and also to improve the quality of the electricity supplied to the industries.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">They also complained that they are having difficulty in labor management when electricity supply is stopped in industries without prior notice.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The statement issued by the confederation mentions that the private sector industries are reeling under the impacts of high interest rates of banks, problems related to raw materials, and the global economic recession.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The CNI argued that the private sector industries will be destroyed if the NEA increases electricity tariff during such difficult times.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20164', 'image' => '20240308125923_elec.jpg', 'article_date' => '2024-03-08 12:58:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20435', 'article_category_id' => '1', 'title' => 'Live Broadcast of Miss World Beauty Pageant on Dishhome this Saturday', 'sub_title' => '', 'summary' => 'March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal.', 'content' => '<p><br /> <span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">March 8: Dishhome is all set to broadcast live the 71st edition of the Miss World beauty pageant in Nepal. The finals of the 71st Miss World competition, which started in New Delhi, India from February 2024, will be held on Saturday.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:16.0pt">Dishhome informed that the program will be broadcast live starting at 7:45 PM Nepali standard time on Saturday. The finals featuring contestants from more than 100 countries will be held at the Jio World Convention Center in Mumbai.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20162', 'image' => '20240308122040_AP24067341264658.jpg', 'article_date' => '2024-03-08 12:19:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20434', 'article_category_id' => '1', 'title' => 'Foreign Minister Shrestha Requests Russian Counterpart to Return Nepalis Serving in Russian Army ', 'sub_title' => '', 'summary' => 'March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Deputy Prime Minister and Minister for Foreign Affairs Narayan Kaji Shrestha has requested Russian Foreign Minister Sergey Lavrov to expedite the repatriation of dead bodies of Nepalis killed in Russia’s war against Ukraine, provide compensation to the family of the deceased and facilitate the return of the Nepali citizens serving in the Russian Army. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">DPM Shrestha made such request to Russian Minister by holding a telephone conversation with him on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The DPM thanked the Russian minister for initiating the compensation process and requested to conclude it as soon as possible, according to a press release issued by the Ministry of Foreign Affairs. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response, the Russian Foreign Minister assured to address the concerns of the Nepali side. During the conversation, the Foreign Minister of Russia congratulated the Deputy Prime Minister and Foreign Minister on his assumption of office and extended best wishes. He also expressed his willingness to cooperate with the Nepali side on various fronts including trade, tourism and culture, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the two foreign ministers discussed various aspects of Nepal-Russia relations, including issues of Nepali citizens in the Russian Army. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20161', 'image' => '20240308115523_20230531012457_2l-image-59.jpg', 'article_date' => '2024-03-08 11:54:30', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20433', 'article_category_id' => '1', 'title' => '4,000 Security Personnel, Drones Mobilized at Pashupati Area for Mahashivaratri Festival', 'sub_title' => '', 'summary' => 'March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 8: The Kathmandu Valley Police Office has mobilized over 4,000 security personnel at the Pashupatinath temple area for the Mahashivaratri festival, which is being observed today. An integrated special security plan has been put in place for the festival, the state-owned RSS reported. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Dinesh Raj Mainali informed RSS that drones were mobilized for the security in addition to security personnel. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The security arrangement is of three layers. They are at work from Thursday night to Saturday. Superintendent of Police at District Police Range Kathmandu, Nabaraj Adhikari, is leading the security mobilization. Emergency and rescue teams along with ambulance are standby in case of need. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">A large number of devotees visit the Pashupatinath temple on the occasion of Mahasvivaratri every year. Especially, pilgrims and aesthetics from neighbouring India visit the temple. The Pashupati Area Development Trust takes special care of the visitors during this festival, ensuring food and accommodation as well as parting gifts to the holy men.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Nepalese Army observes the Army Day on the occasion of Mahashivaratri festival.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20160', 'image' => '20240308111854_BBB_KTM-IMG_0003.jpg', 'article_date' => '2024-03-08 11:18:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20432', 'article_category_id' => '1', 'title' => 'Nepal Imports Millet Worth Over Rs 520 million', 'sub_title' => '', 'summary' => ' In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">March 8: In the first seven months of the current fiscal year, Nepal imported millet worth more than Rs 520 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">According to data at the Department of Customs, Nepal imported 1, 07,17236 kilograms of millet grains worth Rs 52,75,08,000 from Shrawan to Magh. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the same period of last fiscal year, Nepal imported 12217623 kilograms of millet grains. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">There has been a decrease of 12 percent in the quantity of grain imports, while the price of the millet grain has gone up by 17 percent compared to the same period last year.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Nepal has been importing millet from countries like China, India, etc. According to the statistics, the highest amount of grain imports in seven months is from India. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">During the review period, Nepal imported 10721393 kilograms of grains worth Rs 52,76,68,000 from India. Similarly, the remaining amount was imported from China.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-03-08', 'modified' => '2024-03-08', 'keywords' => '', 'description' => '', 'sortorder' => '20159', 'image' => '20240308070916_collage (46).jpg', 'article_date' => '2024-03-08 07:07:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '20431', 'article_category_id' => '1', 'title' => 'Honda Officials Inaugurate Two-Wheeler Assembly Plant in Nepal', 'sub_title' => '', 'summary' => 'March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">March 7: Representatives from the Japanese automobile brand Honda recently inaugurated a two-wheeler assembly plant in Nepal. Businessman Saurabh Jyoti wrote on social media platform ‘X’ that “guests” from Honda Japan inaugurated the plant.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">According to Jyoti, Himal Moto Nepal, set up with an investment of Rs 1.5 billion, will produce 100,000 motorcycles and scooters “marking a new era of mobility”.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Segoe UI","sans-serif"">The assembly plant has been set up in an area of 220,000 sq ft, added Jyoti.</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20158', 'image' => '20240307070957_GICojf4XcAAjWG1.jpg', 'article_date' => '2024-03-07 19:08:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20430', 'article_category_id' => '1', 'title' => 'Cost of Imports and Exports up due to Problem in Server of Department of Customs', 'sub_title' => '', 'summary' => 'March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: Customs clearance of goods has been delayed due to the disruption of the server of the Department of Customs. The customs agents have requested the department to solve the problem immediately, saying that the cost of doing business has increased due to the ineffectiveness of the server.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The officials of the Federation of Customs Agents Nepal submitted a memorandum to the director general of the department, Shobhakant Paudel to apprise him that the problems in the server of the department has been delaying customs clearance of goods and this is having a negatively affecting the cost of business.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The team including the president of the Federation, Bharatraj Ghimire, met Director General Paudel and informed him about the problem. Director General Paudel assured the delegation that he will take initiative to solve the problem soon. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Ghimire said that since the system was developed in such a way that it would generate OTP when filling the notification form but the OTP could not be generated as the server went down. As a result, the customs clearance process was obstructed.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs agents claim that the ineffectiveness of the server is also taking its toll on the revenue collection of the customs. Besides, it has encouraged smuggling of goods on passenger vehicles while causing inconvenience to the tourists entering Nepal from the border with their vehicles. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Punya Bikram Khadka, information officer of the Department of Customs, the problem has surfaced because the local internet service providers are not providing quality services. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">“This problem might also be linked with the problem in the system of integrated check post and the dry port and other agencies related with them. This is a technical matter," he said.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Customs is currently using the ASYCUDA (Automated System for Customs Data), a software developed by the United Nations agency UNCTAD (United Nations Conference on Trade and Development). It is used by the customs of more than 90 countries of the world. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to representatives of importers, imports and exports have been affected due to slow operation of the server. Rajman Tamang, chairman of Birgunj Customs Agents Association, said that the server goes haywire for 2 to 4 hours a day and complained that it has affected import and export of goods. He says that even though all the systems have gone online, it is taking more time for customs clearance because of the ineffective technology.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Bhanu Adhikari, former joint secretary of Birgunj Customs Agents Association, said that there is a problem with the server every day especially in the afternoon. He said that they are facing hassle such as entering the details of the same form twice and customs revenue not being paid on time. He added that they have been forced to pay additional parking fee due to the delay in customs clearance.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20157', 'image' => '20240307031501_asycuda.jpg', 'article_date' => '2024-03-07 15:14:23', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '20429', 'article_category_id' => '1', 'title' => 'Price of Gold Sets New Record for the Third Straight Day', 'sub_title' => '', 'summary' => 'March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">March 7: The price of gold has set a new record in the domestic market of Nepal for the third straight day on Thursday. The price of the precious yellow metal increased by Rs 1500 per tola (11.66 grams) to reach an all-time high of Rs 125,000 per tola.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Federation of Nepal Gold and Silver Dealers Association, hallmark gold is being trading at Rs 125,000 per tola in the domestic market against Rs 123,500 on Wednesday, which itself was a new record. On Tuesday, the price of gold was Rs 122,400 which was also a new record.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Prior to this, the price of gold had set a record reaching Rs 122,000 per tola on December 28, 2023. The Federation determines the price of gold and silver based on the price in the international market. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of silver has also increased on Thursday. Silver is being trading at Rs 1,470 per tola, after the price increased by Rs 30 compared to Wednesday. Silver was traded at Rs 1,440 the previous day.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of gold has also increased in the international market. Gold is being trading at $2,153 per ounce in the international market on Thursday against $2,147 per ounce the previous day.</span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20156', 'image' => '20240307024448_gold newwww.jpg', 'article_date' => '2024-03-07 14:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20428', 'article_category_id' => '1', 'title' => 'District Police Range Mobilizes Electronic QRT to Boost Security in Kathmandu ', 'sub_title' => '', 'summary' => 'March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The District Police Range, Kathmandu has started to mobilize the Electronic Quick Response Team (EQRT) along with GPS for controlling and minimizing crime in order to boost up law and order and public security in the Kathmandu Valley. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the Range, EQRT is being deployed under the 'Safer Valley Project' concept for promptly responding to citizen's complaint and incidents as part of its goal of making the police service efficient and technology-friendly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Senior Superintendent of Police Bhupendra Khatri, chief of the police range, said the quick response team equipped with technology has been mobilized in order to make the policing based on technology, strengthening crime investigation, making it fact-based and also to make the regulation of the police personnel effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In this connection, 60 teams throughout the district have been mobilized along with digital technology in the first phase. The electronic system has been installed enabling 24 hours' tracking using the GPS system from the Police Control Room in order to create an environment for the police's quick response teams from the Range and the Police Circles and Sectors under it to reach the incident site at the earliest. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Soon after reaching the incident site, the details of the incident site and the police team’s behaviour with victims and service recipients would be recorded in control room automatically. Additional cameras have been installed on the body of 60 QRT members so that activities of the QRT and incident site can be viewed live from the control room. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Khatri shared that they would be mobilized in the field round the clock as the first response team. The team was deputed with various safety equipment including GPS tracking device, video camera, radio set and siren with light in order to make work execution of police quick, smooth and effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of Kathmandu Valley Police Office, Additional Inspector General of Police Deepak Thapa mentioned that the security of Kathmandu Valley would be more effective and technology-friendly with this initiative. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20155', 'image' => '20240307023200_20240203102709_20200903113103_1599056781.jpg', 'article_date' => '2024-03-07 14:31:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20427', 'article_category_id' => '1', 'title' => 'China's Economic Development will also Benefits Nepal: Experts ', 'sub_title' => '', 'summary' => 'March 7: Experts claim that neighboring China's economic development can also benefit Nepal.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: Experts claim that neighboring China's economic development can also benefit Nepal. Speaking at an interaction on 'China's Economic Development and New Opportunities for Neighboring Countries' organized by China Media Group and co-organized by Nepal-China Youth Friendship Association on Wednesday, the experts said that China's economic development will benefit neighboring countries as well. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, former Nepali Ambassador to China Leelamani Poudyal said China's economic policy would have an impact in the world. He said Nepal could benefit from stability and economic development in China.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"China's economic policy during the global recession in 2008 had helped the world economy," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Diplomat Hiranya Lal Shrestha said China has made great strides in economic development in a short span of time. He said the visit of Chinese President Xi Jinping to Nepal has given some hope for Nepal's development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Wang Xin, representative of the Chinese Embassy in Nepal, said China's economy has been able to take a leap due to the rapid industrialization development and research. He also claimed that China contributed 42 per cent to the global economy in 2023. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President of the Federation of Export Entrepreneurs Shankar Pandey, Chairman of Nepal-China Cultural and Educational Council Dr Harish Chandra Shah, Chairman of World Cultural Net Deepak Sarkar, General Secretary of Nepal Himalayan Cross-Border Commerce Association Ram Chandra Parajuli, Secretary of China Study Center Prakash Babu Poudel, among others, said Nepal-China relation has not developed as it should have been. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Chief of China Media Group, South Asia Bureau Zhang Yue and President of Nepal-China Youth Friendship Association Bishnu Sapkota stressed the need to work for Nepal's development by removing the confusion among the people about Nepal-China relations. – RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20154', 'image' => '20240307123344_Nepal-china-trade.jpg', 'article_date' => '2024-03-07 12:32:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20425', 'article_category_id' => '1', 'title' => 'Arrival of Tourists Rebounding in Kanchanjunga Area ', 'sub_title' => '', 'summary' => 'March 7: The number of tourists visiting Kanchenjunga area has increased of late. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 7: The number of tourists visiting Kanchenjunga area has increased of late. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As many as 650 foreign tourists visited the Kanchenjunga area in the last three months. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer at the Office of The Kanchenjunga Conservation Area Management Council, Dobhan Limbu, confirmed that 650 foreign tourists visited the base camp of Mt Kanchenjunga in the first season of the this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An equal number of domestic tourists also visited the area, but there is no arrangement to keep the data of domestic tourists so far, according to the Council Office. Hoteliers here are elated with the rise in the arrival of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to tourism entrepreneurs, the second season from April to June will see higher number of tourists. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Last year, 439 foreign tourists had visited Nepal in this period. According to the Council's data, the number of foreign tourists has increased by 211 this year as compared to the previous year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">With the rise in arrival of tourists, the tourism business has started returning to normalcy. Man Kumar Limbu, office secretary of the Council, said the Kanchenjunga area, which has been deserted for a long time due to Covid-19, is slowly returning to normalcy. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tourism is the main source of income for the communities living in the Kanchenjunga region. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20152', 'image' => '20240307114058_20240102110049_Kanchanjunga SVO (4).jpg', 'article_date' => '2024-03-07 11:40:21', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20424', 'article_category_id' => '1', 'title' => 'Twenty-Member Council of Ministers Formed', 'sub_title' => 'Newly-Appointed Ministers take Oath of Office and Secrecy', 'summary' => 'March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">March 6: President Ram Chandra Paudel administered oath of office and secrecy to sixteen newly-appointed ministers, including three deputy prime ministers on Wednesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">They were administered oath of office and secrecy upon the recommendation of Prime Minister Pushpa Kamal Dahal in accordance with Article 80 of the Constitution at a special function held at the office of President on Wednesday evening. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Prime Minister Pushpa Kamal Dahal reshuffled the cabinet after breaking an alliance with the Nepali Congress. The new coalition partners include CPN Maoist Centre, CPN-UML, Rastriya Swatantra Party and CPN Unified Socialist. Three ministers took oath of office on Tuesday. With this, the Council of Ministers now has twenty members including the prime minister.</span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office on behalf of the CPN-UML on Wednesday include Deputy Prime Minister and Minister for Physical Infrastructure Raghubir Mahaseth; Minister for Defense Hari Prasad Uprety; Minister for Water Supply Rajendra Rai; Minister for Industry, Commerce and Supplies Damodar Bhandari; Minister for Women, Children and Senior Citizen Bhagawati Chaudhari; Minister for Agriculture and Livestock Development Jwala Kumari Saha; and Minister for Land Management and Cooperatives Balram Adhikari. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the newly-appointed ministers on behalf of CPN (Maoist Centre) are Deputy Prime Minister and Foreign Minister Narayan Kaji Shretha; Finance Minister Barsha Man Pun, Minister for Water Resources and Energy Shakti Bahadur Basnet, Minister for Communications and Information Technology Rekha Sharma, and Minister for Culture, Tourism and Civil Aviation Hit Bahadur Tamang. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">From Rastriya Swatantra Party, Rabi Lamichhane took the oath as Deputy Prime Minister and Home Minister, Sumana Shrestha as Minister for Education, Science and Technology, and Biraj Bhakta Shrestha as Minister for Youth and Sports. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Those taking oath of office from CPN (Unified Socialist) include Bhanu Bhakta Joshi as Minister for Federal Affairs and General Administration and Dhan Bahadur Budha as Minister for Urban Development. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The swearing-in ceremony was attended by Vice President Ram Sahay Prasad Yadav, PM Dahal, Speaker Devraj Ghimire, UML Chair and former Prime Minister KP Sharma Oli and Chairperson of CPN (Unified Socialist) Madhav Kumar, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the three ministers without portfolio have been assigned ministries. Padam Giri as been handed the responsibility of the Ministry of Law, Justice and Parliamentary Affairs; Hit Bahadur Tamang has been appointed as Minister for Culture, Tourism and Civil Aviation, and Dol Prasad Aryal as Minister for Labour, Employment and Social Security. They took oath of office and secrecy on Tuesday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The remaining ministries are currently handled by the prime minister himself. </span></span></span></p> ', 'published' => true, 'created' => '2024-03-07', 'modified' => '2024-03-07', 'keywords' => '', 'description' => '', 'sortorder' => '20151', 'image' => '20240307110935_RS_KTM_CABINET_RASTAPATI_1709738170789(1).jpg', 'article_date' => '2024-03-07 11:08:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
