Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '7163',
			'article_category_id' => '1',
			'title' => 'NIC Asia bags Double Award',
			'sub_title' => '',
			'summary' => 'December 21: NIC Asia Bank has bagged two awards at the same time.',
			'content' => '<p>December 21: NIC Asia Bank has bagged two awards at the same time. The bank has received the &lsquo;Best Brand Award&rsquo; and the &lsquo;Best Employer Brand Award&rsquo; in banking sector amid a function organized recently by CMO Asia at Soaltee Crowne Plaza, Kathmandu.</p>

<p>The programme was attended by different companies from the banking, insurance, finance, tourism, automobile, biotechnology, construction and real estate sectors.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-21',
			'modified' => '2017-12-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6945',
			'image' => '20171221033118_NIC.jpg',
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			'id' => '7169',
			'article_category_id' => '1',
			'title' => 'Birgunj Inferno Claims Life of two Firefighters',
			'sub_title' => '',
			'summary' => 'December 21: A massive fire which erupted at Super Gas Industry in Birgunj on Wednesday has killed two firefighters and left three people injured. ',
			'content' => '<p>December 21: A massive fire, which erupted at Super Gas Industry in Birgunj&nbsp;on Wednesday, has killed two firefighters and left three people injured. The fire started early in the morning at&nbsp;6 am and was brought under control by firefighters after 8 hours at&nbsp;2 pm.</p>

<p>The firefighters were killed as their fire engine itself caught fire while attempting to douse the blaze. The inferno took the life of Madhusudhan Mishra, a resident of Tanahun and Yadav Raj Adhikari, a resident of Lalbandi, Sarlahi. Deputy Superintendent of Police (DSP) Ganesh Regmi of District Police Office, Parsa confirmed that two firefighters were killed by the inferno.</p>

<p>The damage caused by the flames is yet to be ascertained. The Association of LP Gas Industry has formed a five-member committee to investigate into the incident.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-21',
			'modified' => '2017-12-21',
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			'description' => '',
			'sortorder' => '6944',
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			'article_date' => '2017-12-21 00:00:00',
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			'id' => '7162',
			'article_category_id' => '1',
			'title' => 'NOC hikes Petroleum Price',
			'sub_title' => '',
			'summary' => 'December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.',
			'content' => '<p>December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.</p>

<p>NOC has increased the price on petrol, diesel, and kerosene by Re 1 per liter. With the increment, petrol now costs Rs 101, diesel and kerosene cost Rs 75 per liter.</p>

<p>Earlier, the decision of NOC to increase price before the election was revoked by the government. The state-run petroleum monopoly then increased the price after elections on December 8. Again after 12 days, NOC hiked the price of petroleum products on December 20. According to NOC, the prices were adjusted with the increase in fuel prices in the international market.</p>

<p>The prices of liquefied petroleum gas (LPG) and aviation turbine fuel are still the same. LPG costs Rs 1350 per cylinder.&nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6943',
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			'article_date' => '2017-12-20 00:00:00',
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		'Article' => array(
			'id' => '7161',
			'article_category_id' => '1',
			'title' => 'First National Conference on Rice Fortification held in Nepal',
			'sub_title' => '',
			'summary' => 'December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. ',
			'content' => '<p>December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. The two-day conference was organised in Kathmandu on December 18 and 19 by the Department of Health Services, Department of Food Technology and Quality Control, and the Nepal Food Corporation(NFC) in association with the United Nations World Food Programme (WFP).</p>

<p>A press statement issued by WFP says that malnutrition in general is a serious public health concern in Nepal. The country&rsquo;s rates of iron deficiency and anaemia remain high. The 2016 Nepal Demographic and Health Survey has revealed more than one in four women of reproductive age and more than half of the children of 6-59 months to be anaemic, the statement says.</p>

<p>&ldquo;Among pregnant and breastfeeding women, the prevalence of anaemia reaches each 46 percent; among children of 12-17 months, it hits an alarming 74 percent,&rdquo; the statement warned.</p>

<p>The conference noted that nutrients most commonly used in food grain fortification are iron and folic acid. Fortifying rice with essential vitamins and minerals will lead to better health, especially amongst those that are poor and vulnerable, said the stakeholders.&nbsp;</p>

<p>&nbsp;</p>

<p>&ldquo;Chronic malnutrition, especially among women, adolescent girls and children, is a terrible burden for the people of Nepal, both in terms of health and economic productivity,&rdquo; said Pippa Bradford, WFP Nepal Country Director. &ldquo;Micronutrient fortification is a cost-efficient intervention that can really help tackle this problem.&rdquo;</p>

<p>Experts in fortification shared insights during the conference while the food fortification strategies and experiences in Nepal till date were also reviewed.</p>

<p>Participants included government representatives, the Nepal Food Corporation, the private sector, UN agencies, and national and international NGOs, as well as entrepreneurs, academia, civil society groups, media and consumer associations.</p>

<p>WFP said it is working &nbsp;in collaboration with the Government of Nepal to achieve Sustainable Development Goal (SDG), which calls for an end to all forms of malnutrition.&nbsp; The agency has been advocating rice fortification to tackle micronutrient deficiencies across Asia.&nbsp;&nbsp;</p>
',
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			'created' => '2017-12-20',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6942',
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			'id' => '7160',
			'article_category_id' => '1',
			'title' => 'Army Still Studying DPR for Fast Track Construction ',
			'sub_title' => '',
			'summary' => 'December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. ',
			'content' => '<p>December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. Even after six months of laying the foundation of the fast track, the construction of the national pride project has not started yet as the NA is still studying the DPR prepared by an Indian company which was initially handed over the responsibility of the project. Later, the government assigned the task to build the fast track to the NA.</p>

<p>The initial agreement reached between the concerned stakeholders regarding the NA purchasing the DPR prepared by Indian company Infrastructure Leasing and Financial Services (ILFS) has not yet materialized. Due to this, speculation is rife that the project will be delayed.</p>

<p>However, Brigadier General Nain Raj Dahal, spokesperson of NA, said that the possibility of delay in construction of the project is very slim.</p>

<p>&ldquo;We are studying the DPR for the project prepared by the Indian company. So, we cannot say anything in this regard right now,&rdquo; he said, adding, &ldquo;The DPR is being studied and we will submit a report to the government with amendments.&rdquo;</p>

<p>The NA had taken over the responsibility of building the 76.2 kilometers fast track with an aim of completing it in four years.</p>

<p>&ldquo;We are discussing about the subject and there will be no problem in the future for we have our own design for the fast track,&rdquo; Dahal told New Business Age, adding, &ldquo;Tender notices have already been issued and materials for the construction have been purchased too.&rdquo;</p>

<p>The government has allocated Rs 10 billion in the current fiscal year while the estimated cost of the project is Rs 112 billion.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
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			'description' => '',
			'sortorder' => '6941',
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			'article_date' => '2017-12-20 00:00:00',
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		'Article' => array(
			'id' => '7159',
			'article_category_id' => '1',
			'title' => 'Formal Inauguration of Bajura Branch of NIC ASIA Bank',
			'sub_title' => '',
			'summary' => 'December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid’s Sakchyam Access to Finance Programme (Sakchyam) on December 19.',
			'content' => '<p>December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid&rsquo;s Sakchyam Access to Finance Programme (Sakchyam) on December 19. Padam Baduwal, mayor of Badimalika Municipality inaugurated the branch in the presence of Narayan Prasad Poudel, executive director (Financial Institution Regulation Department) of Nepal Rastra Bank, reads a press statement issued by the bank. The branch situated at Badimalika Municipality Ward-8 of Martadi, Bajura was initially opened on July 6.</p>

<p>Sakchyam is a UK Aid funded programme implemented for DFID Nepal by Louis Berger. It is being implemented in Nepal in partnership with local and international institutions.&nbsp;</p>

<p>NIC ASIA Bank believes that its partnership with Sakchyam will play a very crucial role in gradually enriching the banking activities in unbanked/underserved areas of the country. The bank said that it will support in implementing Nepal government&rsquo;s program to increase access to banking service in all areas of the country.</p>

<p>The bank said it has adopted a strategy to reach every possible market for better service for its customers. The statement further said that there are more branches coming in operation soon.</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6940',
			'image' => '20171220021726_download (1).jpg',
			'article_date' => '2017-12-20 00:00:00',
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			'id' => '7158',
			'article_category_id' => '1',
			'title' => 'Lumbini Bank to Provide Loan to Purchase Bullet Bikes',
			'sub_title' => '',
			'summary' => 'December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield’s Bullet bikes.',
			'content' => '<p>December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield&rsquo;s Bullet bikes. Vivek Automobile, the authorised distributor of Bullet bikes in Nepal, and Lumbini Bikas Bank signed an agreement to facilitate loan for purchasing the bike throughout the nation.</p>

<p>As per the agreement, the bank will provide a three-year loan to the customers to purchase the bikes. Jhalak Prasad Khanal, CEO of the bank and Vivek Dugad, vice-chairman of Dugad Group, signed the agreement.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6939',
			'image' => '20171220020511_Royal enfield.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7157',
			'article_category_id' => '1',
			'title' => 'JICA Hands over Newly Constructed School Buildings in Lalitpur',
			'sub_title' => '',
			'summary' => 'December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.',
			'content' => '<div><span style="font-size:13px">December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.</span></div>

<div><span style="font-size:13px">The newly reconstructed buildings consist of three new blocks consisting of six classrooms, laboratory, ECD, library, lavatories along with other required facilities, according to JICA.</span></div>

<div><span style="font-size:13px">Jun Sakuma, chief representative of JICA Nepal and Madhu Prasad Regmi, secretary at the Ministry of Education, jointly inaugurated the school infrastructures amidst a function held on the school premises, JICA said in a statement.</span></div>

<div><span style="font-size:13px">The construction of the buildings which began in June 2016 was built under Emergency School Reconstruction Project (ESRP). The project is being implemented by the Central Level Project Implementation Unit of the Ministry of Education under Japanese ODA loan assistance.</span></div>

<div><span style="font-size:13px">&ldquo;The school was severely damaged during the earthquake of 2015. Since then, the school faced difficulties in managing the classrooms and education for the students. The secondary school was established back in 1963 and now has 474 students altogether. The new buildings are constructed with multihazard resilient structures which are environment, child, gender and disable friendly and are expected to provide improved learning environment to the students,&rdquo; reads the statement.</span></div>

<div><span style="font-size:13px">Speaking at the event, JICA Nepal&rsquo;s Chief Representative Sakuma said, &ldquo;Development of education sector in Nepal is one of primary motives of JICA and completion of this building is a positive commencement to various ongoing school reconstruction endeavors of JICA Nepal.&rdquo;</span></div>

<div><span style="font-size:13px">Approximately 300 schools are being built at a total cost of 14 billion Japanese yen (about NRs 12.7 billion) to support the reconstruction of disaster resilient schools in Gorkha, Dhading, Nuwakot, Makwanpur, Rasuwa and Lalitpur districts, based on the earthquake-resistant type design guidelines formulated by JICA under the principle of &ldquo;Build Back Better (BBB)&rdquo;. The rebuilt schools are expected to serve as potential regional hubs for improving the quality of education.</span></div>
',
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			'keywords' => '',
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			'sortorder' => '6938',
			'image' => '20171220015353_Key Handover to School Mgmt..jpg',
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		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
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			'description' => '',
			'sortorder' => '6932',
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		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '7163',
			'article_category_id' => '1',
			'title' => 'NIC Asia bags Double Award',
			'sub_title' => '',
			'summary' => 'December 21: NIC Asia Bank has bagged two awards at the same time.',
			'content' => '<p>December 21: NIC Asia Bank has bagged two awards at the same time. The bank has received the &lsquo;Best Brand Award&rsquo; and the &lsquo;Best Employer Brand Award&rsquo; in banking sector amid a function organized recently by CMO Asia at Soaltee Crowne Plaza, Kathmandu.</p>

<p>The programme was attended by different companies from the banking, insurance, finance, tourism, automobile, biotechnology, construction and real estate sectors.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-21',
			'modified' => '2017-12-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6945',
			'image' => '20171221033118_NIC.jpg',
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			'id' => '7169',
			'article_category_id' => '1',
			'title' => 'Birgunj Inferno Claims Life of two Firefighters',
			'sub_title' => '',
			'summary' => 'December 21: A massive fire which erupted at Super Gas Industry in Birgunj on Wednesday has killed two firefighters and left three people injured. ',
			'content' => '<p>December 21: A massive fire, which erupted at Super Gas Industry in Birgunj&nbsp;on Wednesday, has killed two firefighters and left three people injured. The fire started early in the morning at&nbsp;6 am and was brought under control by firefighters after 8 hours at&nbsp;2 pm.</p>

<p>The firefighters were killed as their fire engine itself caught fire while attempting to douse the blaze. The inferno took the life of Madhusudhan Mishra, a resident of Tanahun and Yadav Raj Adhikari, a resident of Lalbandi, Sarlahi. Deputy Superintendent of Police (DSP) Ganesh Regmi of District Police Office, Parsa confirmed that two firefighters were killed by the inferno.</p>

<p>The damage caused by the flames is yet to be ascertained. The Association of LP Gas Industry has formed a five-member committee to investigate into the incident.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-21',
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			'sortorder' => '6944',
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			'id' => '7162',
			'article_category_id' => '1',
			'title' => 'NOC hikes Petroleum Price',
			'sub_title' => '',
			'summary' => 'December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.',
			'content' => '<p>December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.</p>

<p>NOC has increased the price on petrol, diesel, and kerosene by Re 1 per liter. With the increment, petrol now costs Rs 101, diesel and kerosene cost Rs 75 per liter.</p>

<p>Earlier, the decision of NOC to increase price before the election was revoked by the government. The state-run petroleum monopoly then increased the price after elections on December 8. Again after 12 days, NOC hiked the price of petroleum products on December 20. According to NOC, the prices were adjusted with the increase in fuel prices in the international market.</p>

<p>The prices of liquefied petroleum gas (LPG) and aviation turbine fuel are still the same. LPG costs Rs 1350 per cylinder.&nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6943',
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			'article_date' => '2017-12-20 00:00:00',
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		'Article' => array(
			'id' => '7161',
			'article_category_id' => '1',
			'title' => 'First National Conference on Rice Fortification held in Nepal',
			'sub_title' => '',
			'summary' => 'December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. ',
			'content' => '<p>December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. The two-day conference was organised in Kathmandu on December 18 and 19 by the Department of Health Services, Department of Food Technology and Quality Control, and the Nepal Food Corporation(NFC) in association with the United Nations World Food Programme (WFP).</p>

<p>A press statement issued by WFP says that malnutrition in general is a serious public health concern in Nepal. The country&rsquo;s rates of iron deficiency and anaemia remain high. The 2016 Nepal Demographic and Health Survey has revealed more than one in four women of reproductive age and more than half of the children of 6-59 months to be anaemic, the statement says.</p>

<p>&ldquo;Among pregnant and breastfeeding women, the prevalence of anaemia reaches each 46 percent; among children of 12-17 months, it hits an alarming 74 percent,&rdquo; the statement warned.</p>

<p>The conference noted that nutrients most commonly used in food grain fortification are iron and folic acid. Fortifying rice with essential vitamins and minerals will lead to better health, especially amongst those that are poor and vulnerable, said the stakeholders.&nbsp;</p>

<p>&nbsp;</p>

<p>&ldquo;Chronic malnutrition, especially among women, adolescent girls and children, is a terrible burden for the people of Nepal, both in terms of health and economic productivity,&rdquo; said Pippa Bradford, WFP Nepal Country Director. &ldquo;Micronutrient fortification is a cost-efficient intervention that can really help tackle this problem.&rdquo;</p>

<p>Experts in fortification shared insights during the conference while the food fortification strategies and experiences in Nepal till date were also reviewed.</p>

<p>Participants included government representatives, the Nepal Food Corporation, the private sector, UN agencies, and national and international NGOs, as well as entrepreneurs, academia, civil society groups, media and consumer associations.</p>

<p>WFP said it is working &nbsp;in collaboration with the Government of Nepal to achieve Sustainable Development Goal (SDG), which calls for an end to all forms of malnutrition.&nbsp; The agency has been advocating rice fortification to tackle micronutrient deficiencies across Asia.&nbsp;&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6942',
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		'Article' => array(
			'id' => '7160',
			'article_category_id' => '1',
			'title' => 'Army Still Studying DPR for Fast Track Construction ',
			'sub_title' => '',
			'summary' => 'December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. ',
			'content' => '<p>December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. Even after six months of laying the foundation of the fast track, the construction of the national pride project has not started yet as the NA is still studying the DPR prepared by an Indian company which was initially handed over the responsibility of the project. Later, the government assigned the task to build the fast track to the NA.</p>

<p>The initial agreement reached between the concerned stakeholders regarding the NA purchasing the DPR prepared by Indian company Infrastructure Leasing and Financial Services (ILFS) has not yet materialized. Due to this, speculation is rife that the project will be delayed.</p>

<p>However, Brigadier General Nain Raj Dahal, spokesperson of NA, said that the possibility of delay in construction of the project is very slim.</p>

<p>&ldquo;We are studying the DPR for the project prepared by the Indian company. So, we cannot say anything in this regard right now,&rdquo; he said, adding, &ldquo;The DPR is being studied and we will submit a report to the government with amendments.&rdquo;</p>

<p>The NA had taken over the responsibility of building the 76.2 kilometers fast track with an aim of completing it in four years.</p>

<p>&ldquo;We are discussing about the subject and there will be no problem in the future for we have our own design for the fast track,&rdquo; Dahal told New Business Age, adding, &ldquo;Tender notices have already been issued and materials for the construction have been purchased too.&rdquo;</p>

<p>The government has allocated Rs 10 billion in the current fiscal year while the estimated cost of the project is Rs 112 billion.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
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			'description' => '',
			'sortorder' => '6941',
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		'Article' => array(
			'id' => '7159',
			'article_category_id' => '1',
			'title' => 'Formal Inauguration of Bajura Branch of NIC ASIA Bank',
			'sub_title' => '',
			'summary' => 'December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid’s Sakchyam Access to Finance Programme (Sakchyam) on December 19.',
			'content' => '<p>December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid&rsquo;s Sakchyam Access to Finance Programme (Sakchyam) on December 19. Padam Baduwal, mayor of Badimalika Municipality inaugurated the branch in the presence of Narayan Prasad Poudel, executive director (Financial Institution Regulation Department) of Nepal Rastra Bank, reads a press statement issued by the bank. The branch situated at Badimalika Municipality Ward-8 of Martadi, Bajura was initially opened on July 6.</p>

<p>Sakchyam is a UK Aid funded programme implemented for DFID Nepal by Louis Berger. It is being implemented in Nepal in partnership with local and international institutions.&nbsp;</p>

<p>NIC ASIA Bank believes that its partnership with Sakchyam will play a very crucial role in gradually enriching the banking activities in unbanked/underserved areas of the country. The bank said that it will support in implementing Nepal government&rsquo;s program to increase access to banking service in all areas of the country.</p>

<p>The bank said it has adopted a strategy to reach every possible market for better service for its customers. The statement further said that there are more branches coming in operation soon.</p>
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			'created' => '2017-12-20',
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			'sortorder' => '6940',
			'image' => '20171220021726_download (1).jpg',
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			'id' => '7158',
			'article_category_id' => '1',
			'title' => 'Lumbini Bank to Provide Loan to Purchase Bullet Bikes',
			'sub_title' => '',
			'summary' => 'December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield’s Bullet bikes.',
			'content' => '<p>December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield&rsquo;s Bullet bikes. Vivek Automobile, the authorised distributor of Bullet bikes in Nepal, and Lumbini Bikas Bank signed an agreement to facilitate loan for purchasing the bike throughout the nation.</p>

<p>As per the agreement, the bank will provide a three-year loan to the customers to purchase the bikes. Jhalak Prasad Khanal, CEO of the bank and Vivek Dugad, vice-chairman of Dugad Group, signed the agreement.</p>
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			'sortorder' => '6939',
			'image' => '20171220020511_Royal enfield.jpg',
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			'id' => '7157',
			'article_category_id' => '1',
			'title' => 'JICA Hands over Newly Constructed School Buildings in Lalitpur',
			'sub_title' => '',
			'summary' => 'December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.',
			'content' => '<div><span style="font-size:13px">December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.</span></div>

<div><span style="font-size:13px">The newly reconstructed buildings consist of three new blocks consisting of six classrooms, laboratory, ECD, library, lavatories along with other required facilities, according to JICA.</span></div>

<div><span style="font-size:13px">Jun Sakuma, chief representative of JICA Nepal and Madhu Prasad Regmi, secretary at the Ministry of Education, jointly inaugurated the school infrastructures amidst a function held on the school premises, JICA said in a statement.</span></div>

<div><span style="font-size:13px">The construction of the buildings which began in June 2016 was built under Emergency School Reconstruction Project (ESRP). The project is being implemented by the Central Level Project Implementation Unit of the Ministry of Education under Japanese ODA loan assistance.</span></div>

<div><span style="font-size:13px">&ldquo;The school was severely damaged during the earthquake of 2015. Since then, the school faced difficulties in managing the classrooms and education for the students. The secondary school was established back in 1963 and now has 474 students altogether. The new buildings are constructed with multihazard resilient structures which are environment, child, gender and disable friendly and are expected to provide improved learning environment to the students,&rdquo; reads the statement.</span></div>

<div><span style="font-size:13px">Speaking at the event, JICA Nepal&rsquo;s Chief Representative Sakuma said, &ldquo;Development of education sector in Nepal is one of primary motives of JICA and completion of this building is a positive commencement to various ongoing school reconstruction endeavors of JICA Nepal.&rdquo;</span></div>

<div><span style="font-size:13px">Approximately 300 schools are being built at a total cost of 14 billion Japanese yen (about NRs 12.7 billion) to support the reconstruction of disaster resilient schools in Gorkha, Dhading, Nuwakot, Makwanpur, Rasuwa and Lalitpur districts, based on the earthquake-resistant type design guidelines formulated by JICA under the principle of &ldquo;Build Back Better (BBB)&rdquo;. The rebuilt schools are expected to serve as potential regional hubs for improving the quality of education.</span></div>
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	(int) 8 => array(
		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
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		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '6931',
			'image' => '20171219045812_ADB Sejon.jpg',
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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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
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '7163',
			'article_category_id' => '1',
			'title' => 'NIC Asia bags Double Award',
			'sub_title' => '',
			'summary' => 'December 21: NIC Asia Bank has bagged two awards at the same time.',
			'content' => '<p>December 21: NIC Asia Bank has bagged two awards at the same time. The bank has received the &lsquo;Best Brand Award&rsquo; and the &lsquo;Best Employer Brand Award&rsquo; in banking sector amid a function organized recently by CMO Asia at Soaltee Crowne Plaza, Kathmandu.</p>

<p>The programme was attended by different companies from the banking, insurance, finance, tourism, automobile, biotechnology, construction and real estate sectors.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-21',
			'modified' => '2017-12-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6945',
			'image' => '20171221033118_NIC.jpg',
			'article_date' => '2017-12-21 00:00:00',
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		'Article' => array(
			'id' => '7169',
			'article_category_id' => '1',
			'title' => 'Birgunj Inferno Claims Life of two Firefighters',
			'sub_title' => '',
			'summary' => 'December 21: A massive fire which erupted at Super Gas Industry in Birgunj on Wednesday has killed two firefighters and left three people injured. ',
			'content' => '<p>December 21: A massive fire, which erupted at Super Gas Industry in Birgunj&nbsp;on Wednesday, has killed two firefighters and left three people injured. The fire started early in the morning at&nbsp;6 am and was brought under control by firefighters after 8 hours at&nbsp;2 pm.</p>

<p>The firefighters were killed as their fire engine itself caught fire while attempting to douse the blaze. The inferno took the life of Madhusudhan Mishra, a resident of Tanahun and Yadav Raj Adhikari, a resident of Lalbandi, Sarlahi. Deputy Superintendent of Police (DSP) Ganesh Regmi of District Police Office, Parsa confirmed that two firefighters were killed by the inferno.</p>

<p>The damage caused by the flames is yet to be ascertained. The Association of LP Gas Industry has formed a five-member committee to investigate into the incident.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-21',
			'modified' => '2017-12-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6944',
			'image' => null,
			'article_date' => '2017-12-21 00:00:00',
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		'Article' => array(
			'id' => '7162',
			'article_category_id' => '1',
			'title' => 'NOC hikes Petroleum Price',
			'sub_title' => '',
			'summary' => 'December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.',
			'content' => '<p>December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.</p>

<p>NOC has increased the price on petrol, diesel, and kerosene by Re 1 per liter. With the increment, petrol now costs Rs 101, diesel and kerosene cost Rs 75 per liter.</p>

<p>Earlier, the decision of NOC to increase price before the election was revoked by the government. The state-run petroleum monopoly then increased the price after elections on December 8. Again after 12 days, NOC hiked the price of petroleum products on December 20. According to NOC, the prices were adjusted with the increase in fuel prices in the international market.</p>

<p>The prices of liquefied petroleum gas (LPG) and aviation turbine fuel are still the same. LPG costs Rs 1350 per cylinder.&nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6943',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
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		'Article' => array(
			'id' => '7161',
			'article_category_id' => '1',
			'title' => 'First National Conference on Rice Fortification held in Nepal',
			'sub_title' => '',
			'summary' => 'December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. ',
			'content' => '<p>December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. The two-day conference was organised in Kathmandu on December 18 and 19 by the Department of Health Services, Department of Food Technology and Quality Control, and the Nepal Food Corporation(NFC) in association with the United Nations World Food Programme (WFP).</p>

<p>A press statement issued by WFP says that malnutrition in general is a serious public health concern in Nepal. The country&rsquo;s rates of iron deficiency and anaemia remain high. The 2016 Nepal Demographic and Health Survey has revealed more than one in four women of reproductive age and more than half of the children of 6-59 months to be anaemic, the statement says.</p>

<p>&ldquo;Among pregnant and breastfeeding women, the prevalence of anaemia reaches each 46 percent; among children of 12-17 months, it hits an alarming 74 percent,&rdquo; the statement warned.</p>

<p>The conference noted that nutrients most commonly used in food grain fortification are iron and folic acid. Fortifying rice with essential vitamins and minerals will lead to better health, especially amongst those that are poor and vulnerable, said the stakeholders.&nbsp;</p>

<p>&nbsp;</p>

<p>&ldquo;Chronic malnutrition, especially among women, adolescent girls and children, is a terrible burden for the people of Nepal, both in terms of health and economic productivity,&rdquo; said Pippa Bradford, WFP Nepal Country Director. &ldquo;Micronutrient fortification is a cost-efficient intervention that can really help tackle this problem.&rdquo;</p>

<p>Experts in fortification shared insights during the conference while the food fortification strategies and experiences in Nepal till date were also reviewed.</p>

<p>Participants included government representatives, the Nepal Food Corporation, the private sector, UN agencies, and national and international NGOs, as well as entrepreneurs, academia, civil society groups, media and consumer associations.</p>

<p>WFP said it is working &nbsp;in collaboration with the Government of Nepal to achieve Sustainable Development Goal (SDG), which calls for an end to all forms of malnutrition.&nbsp; The agency has been advocating rice fortification to tackle micronutrient deficiencies across Asia.&nbsp;&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6942',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '7160',
			'article_category_id' => '1',
			'title' => 'Army Still Studying DPR for Fast Track Construction ',
			'sub_title' => '',
			'summary' => 'December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. ',
			'content' => '<p>December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. Even after six months of laying the foundation of the fast track, the construction of the national pride project has not started yet as the NA is still studying the DPR prepared by an Indian company which was initially handed over the responsibility of the project. Later, the government assigned the task to build the fast track to the NA.</p>

<p>The initial agreement reached between the concerned stakeholders regarding the NA purchasing the DPR prepared by Indian company Infrastructure Leasing and Financial Services (ILFS) has not yet materialized. Due to this, speculation is rife that the project will be delayed.</p>

<p>However, Brigadier General Nain Raj Dahal, spokesperson of NA, said that the possibility of delay in construction of the project is very slim.</p>

<p>&ldquo;We are studying the DPR for the project prepared by the Indian company. So, we cannot say anything in this regard right now,&rdquo; he said, adding, &ldquo;The DPR is being studied and we will submit a report to the government with amendments.&rdquo;</p>

<p>The NA had taken over the responsibility of building the 76.2 kilometers fast track with an aim of completing it in four years.</p>

<p>&ldquo;We are discussing about the subject and there will be no problem in the future for we have our own design for the fast track,&rdquo; Dahal told New Business Age, adding, &ldquo;Tender notices have already been issued and materials for the construction have been purchased too.&rdquo;</p>

<p>The government has allocated Rs 10 billion in the current fiscal year while the estimated cost of the project is Rs 112 billion.</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '7159',
			'article_category_id' => '1',
			'title' => 'Formal Inauguration of Bajura Branch of NIC ASIA Bank',
			'sub_title' => '',
			'summary' => 'December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid’s Sakchyam Access to Finance Programme (Sakchyam) on December 19.',
			'content' => '<p>December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid&rsquo;s Sakchyam Access to Finance Programme (Sakchyam) on December 19. Padam Baduwal, mayor of Badimalika Municipality inaugurated the branch in the presence of Narayan Prasad Poudel, executive director (Financial Institution Regulation Department) of Nepal Rastra Bank, reads a press statement issued by the bank. The branch situated at Badimalika Municipality Ward-8 of Martadi, Bajura was initially opened on July 6.</p>

<p>Sakchyam is a UK Aid funded programme implemented for DFID Nepal by Louis Berger. It is being implemented in Nepal in partnership with local and international institutions.&nbsp;</p>

<p>NIC ASIA Bank believes that its partnership with Sakchyam will play a very crucial role in gradually enriching the banking activities in unbanked/underserved areas of the country. The bank said that it will support in implementing Nepal government&rsquo;s program to increase access to banking service in all areas of the country.</p>

<p>The bank said it has adopted a strategy to reach every possible market for better service for its customers. The statement further said that there are more branches coming in operation soon.</p>
',
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			'sortorder' => '6940',
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		'Article' => array(
			'id' => '7158',
			'article_category_id' => '1',
			'title' => 'Lumbini Bank to Provide Loan to Purchase Bullet Bikes',
			'sub_title' => '',
			'summary' => 'December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield’s Bullet bikes.',
			'content' => '<p>December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield&rsquo;s Bullet bikes. Vivek Automobile, the authorised distributor of Bullet bikes in Nepal, and Lumbini Bikas Bank signed an agreement to facilitate loan for purchasing the bike throughout the nation.</p>

<p>As per the agreement, the bank will provide a three-year loan to the customers to purchase the bikes. Jhalak Prasad Khanal, CEO of the bank and Vivek Dugad, vice-chairman of Dugad Group, signed the agreement.</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
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			'description' => '',
			'sortorder' => '6939',
			'image' => '20171220020511_Royal enfield.jpg',
			'article_date' => '2017-12-20 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '7157',
			'article_category_id' => '1',
			'title' => 'JICA Hands over Newly Constructed School Buildings in Lalitpur',
			'sub_title' => '',
			'summary' => 'December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.',
			'content' => '<div><span style="font-size:13px">December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.</span></div>

<div><span style="font-size:13px">The newly reconstructed buildings consist of three new blocks consisting of six classrooms, laboratory, ECD, library, lavatories along with other required facilities, according to JICA.</span></div>

<div><span style="font-size:13px">Jun Sakuma, chief representative of JICA Nepal and Madhu Prasad Regmi, secretary at the Ministry of Education, jointly inaugurated the school infrastructures amidst a function held on the school premises, JICA said in a statement.</span></div>

<div><span style="font-size:13px">The construction of the buildings which began in June 2016 was built under Emergency School Reconstruction Project (ESRP). The project is being implemented by the Central Level Project Implementation Unit of the Ministry of Education under Japanese ODA loan assistance.</span></div>

<div><span style="font-size:13px">&ldquo;The school was severely damaged during the earthquake of 2015. Since then, the school faced difficulties in managing the classrooms and education for the students. The secondary school was established back in 1963 and now has 474 students altogether. The new buildings are constructed with multihazard resilient structures which are environment, child, gender and disable friendly and are expected to provide improved learning environment to the students,&rdquo; reads the statement.</span></div>

<div><span style="font-size:13px">Speaking at the event, JICA Nepal&rsquo;s Chief Representative Sakuma said, &ldquo;Development of education sector in Nepal is one of primary motives of JICA and completion of this building is a positive commencement to various ongoing school reconstruction endeavors of JICA Nepal.&rdquo;</span></div>

<div><span style="font-size:13px">Approximately 300 schools are being built at a total cost of 14 billion Japanese yen (about NRs 12.7 billion) to support the reconstruction of disaster resilient schools in Gorkha, Dhading, Nuwakot, Makwanpur, Rasuwa and Lalitpur districts, based on the earthquake-resistant type design guidelines formulated by JICA under the principle of &ldquo;Build Back Better (BBB)&rdquo;. The rebuilt schools are expected to serve as potential regional hubs for improving the quality of education.</span></div>
',
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	(int) 8 => array(
		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
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			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
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			'article_date' => '2017-12-19 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '7163',
			'article_category_id' => '1',
			'title' => 'NIC Asia bags Double Award',
			'sub_title' => '',
			'summary' => 'December 21: NIC Asia Bank has bagged two awards at the same time.',
			'content' => '<p>December 21: NIC Asia Bank has bagged two awards at the same time. The bank has received the &lsquo;Best Brand Award&rsquo; and the &lsquo;Best Employer Brand Award&rsquo; in banking sector amid a function organized recently by CMO Asia at Soaltee Crowne Plaza, Kathmandu.</p>

<p>The programme was attended by different companies from the banking, insurance, finance, tourism, automobile, biotechnology, construction and real estate sectors.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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		)
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	(int) 1 => array(
		'Article' => array(
			'id' => '7169',
			'article_category_id' => '1',
			'title' => 'Birgunj Inferno Claims Life of two Firefighters',
			'sub_title' => '',
			'summary' => 'December 21: A massive fire which erupted at Super Gas Industry in Birgunj on Wednesday has killed two firefighters and left three people injured. ',
			'content' => '<p>December 21: A massive fire, which erupted at Super Gas Industry in Birgunj&nbsp;on Wednesday, has killed two firefighters and left three people injured. The fire started early in the morning at&nbsp;6 am and was brought under control by firefighters after 8 hours at&nbsp;2 pm.</p>

<p>The firefighters were killed as their fire engine itself caught fire while attempting to douse the blaze. The inferno took the life of Madhusudhan Mishra, a resident of Tanahun and Yadav Raj Adhikari, a resident of Lalbandi, Sarlahi. Deputy Superintendent of Police (DSP) Ganesh Regmi of District Police Office, Parsa confirmed that two firefighters were killed by the inferno.</p>

<p>The damage caused by the flames is yet to be ascertained. The Association of LP Gas Industry has formed a five-member committee to investigate into the incident.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-21',
			'modified' => '2017-12-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6944',
			'image' => null,
			'article_date' => '2017-12-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '7162',
			'article_category_id' => '1',
			'title' => 'NOC hikes Petroleum Price',
			'sub_title' => '',
			'summary' => 'December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.',
			'content' => '<p>December 20: Nepal Oil Corporation has increased the price of petroleum products effective from 12 am Tuesday.</p>

<p>NOC has increased the price on petrol, diesel, and kerosene by Re 1 per liter. With the increment, petrol now costs Rs 101, diesel and kerosene cost Rs 75 per liter.</p>

<p>Earlier, the decision of NOC to increase price before the election was revoked by the government. The state-run petroleum monopoly then increased the price after elections on December 8. Again after 12 days, NOC hiked the price of petroleum products on December 20. According to NOC, the prices were adjusted with the increase in fuel prices in the international market.</p>

<p>The prices of liquefied petroleum gas (LPG) and aviation turbine fuel are still the same. LPG costs Rs 1350 per cylinder.&nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6943',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '7161',
			'article_category_id' => '1',
			'title' => 'First National Conference on Rice Fortification held in Nepal',
			'sub_title' => '',
			'summary' => 'December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. ',
			'content' => '<p>December 20: The first national conference on rice fortification has stressed on the need to enrich rice with essential vitamins and minerals for a healthier and more productive future for the people of Nepal. The two-day conference was organised in Kathmandu on December 18 and 19 by the Department of Health Services, Department of Food Technology and Quality Control, and the Nepal Food Corporation(NFC) in association with the United Nations World Food Programme (WFP).</p>

<p>A press statement issued by WFP says that malnutrition in general is a serious public health concern in Nepal. The country&rsquo;s rates of iron deficiency and anaemia remain high. The 2016 Nepal Demographic and Health Survey has revealed more than one in four women of reproductive age and more than half of the children of 6-59 months to be anaemic, the statement says.</p>

<p>&ldquo;Among pregnant and breastfeeding women, the prevalence of anaemia reaches each 46 percent; among children of 12-17 months, it hits an alarming 74 percent,&rdquo; the statement warned.</p>

<p>The conference noted that nutrients most commonly used in food grain fortification are iron and folic acid. Fortifying rice with essential vitamins and minerals will lead to better health, especially amongst those that are poor and vulnerable, said the stakeholders.&nbsp;</p>

<p>&nbsp;</p>

<p>&ldquo;Chronic malnutrition, especially among women, adolescent girls and children, is a terrible burden for the people of Nepal, both in terms of health and economic productivity,&rdquo; said Pippa Bradford, WFP Nepal Country Director. &ldquo;Micronutrient fortification is a cost-efficient intervention that can really help tackle this problem.&rdquo;</p>

<p>Experts in fortification shared insights during the conference while the food fortification strategies and experiences in Nepal till date were also reviewed.</p>

<p>Participants included government representatives, the Nepal Food Corporation, the private sector, UN agencies, and national and international NGOs, as well as entrepreneurs, academia, civil society groups, media and consumer associations.</p>

<p>WFP said it is working &nbsp;in collaboration with the Government of Nepal to achieve Sustainable Development Goal (SDG), which calls for an end to all forms of malnutrition.&nbsp; The agency has been advocating rice fortification to tackle micronutrient deficiencies across Asia.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6942',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '7160',
			'article_category_id' => '1',
			'title' => 'Army Still Studying DPR for Fast Track Construction ',
			'sub_title' => '',
			'summary' => 'December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. ',
			'content' => '<p>December 20: The Nepal Army (NA) has stated that the delay in approval of the detailed project report (DPR) of the much-awaited Kathmandu-Tarai fast track will not affect the construction work. Even after six months of laying the foundation of the fast track, the construction of the national pride project has not started yet as the NA is still studying the DPR prepared by an Indian company which was initially handed over the responsibility of the project. Later, the government assigned the task to build the fast track to the NA.</p>

<p>The initial agreement reached between the concerned stakeholders regarding the NA purchasing the DPR prepared by Indian company Infrastructure Leasing and Financial Services (ILFS) has not yet materialized. Due to this, speculation is rife that the project will be delayed.</p>

<p>However, Brigadier General Nain Raj Dahal, spokesperson of NA, said that the possibility of delay in construction of the project is very slim.</p>

<p>&ldquo;We are studying the DPR for the project prepared by the Indian company. So, we cannot say anything in this regard right now,&rdquo; he said, adding, &ldquo;The DPR is being studied and we will submit a report to the government with amendments.&rdquo;</p>

<p>The NA had taken over the responsibility of building the 76.2 kilometers fast track with an aim of completing it in four years.</p>

<p>&ldquo;We are discussing about the subject and there will be no problem in the future for we have our own design for the fast track,&rdquo; Dahal told New Business Age, adding, &ldquo;Tender notices have already been issued and materials for the construction have been purchased too.&rdquo;</p>

<p>The government has allocated Rs 10 billion in the current fiscal year while the estimated cost of the project is Rs 112 billion.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6941',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '7159',
			'article_category_id' => '1',
			'title' => 'Formal Inauguration of Bajura Branch of NIC ASIA Bank',
			'sub_title' => '',
			'summary' => 'December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid’s Sakchyam Access to Finance Programme (Sakchyam) on December 19.',
			'content' => '<p>December 20: NIC ASIA Bank formally opened a new branch in Martadi, Bajura, in partnership with UK Aid&rsquo;s Sakchyam Access to Finance Programme (Sakchyam) on December 19. Padam Baduwal, mayor of Badimalika Municipality inaugurated the branch in the presence of Narayan Prasad Poudel, executive director (Financial Institution Regulation Department) of Nepal Rastra Bank, reads a press statement issued by the bank. The branch situated at Badimalika Municipality Ward-8 of Martadi, Bajura was initially opened on July 6.</p>

<p>Sakchyam is a UK Aid funded programme implemented for DFID Nepal by Louis Berger. It is being implemented in Nepal in partnership with local and international institutions.&nbsp;</p>

<p>NIC ASIA Bank believes that its partnership with Sakchyam will play a very crucial role in gradually enriching the banking activities in unbanked/underserved areas of the country. The bank said that it will support in implementing Nepal government&rsquo;s program to increase access to banking service in all areas of the country.</p>

<p>The bank said it has adopted a strategy to reach every possible market for better service for its customers. The statement further said that there are more branches coming in operation soon.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6940',
			'image' => '20171220021726_download (1).jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '7158',
			'article_category_id' => '1',
			'title' => 'Lumbini Bank to Provide Loan to Purchase Bullet Bikes',
			'sub_title' => '',
			'summary' => 'December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield’s Bullet bikes.',
			'content' => '<p>December 20: Lumbini Bikas Bank has decided to provide loan for purchase of Royal Enfield&rsquo;s Bullet bikes. Vivek Automobile, the authorised distributor of Bullet bikes in Nepal, and Lumbini Bikas Bank signed an agreement to facilitate loan for purchasing the bike throughout the nation.</p>

<p>As per the agreement, the bank will provide a three-year loan to the customers to purchase the bikes. Jhalak Prasad Khanal, CEO of the bank and Vivek Dugad, vice-chairman of Dugad Group, signed the agreement.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6939',
			'image' => '20171220020511_Royal enfield.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '7157',
			'article_category_id' => '1',
			'title' => 'JICA Hands over Newly Constructed School Buildings in Lalitpur',
			'sub_title' => '',
			'summary' => 'December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.',
			'content' => '<div><span style="font-size:13px">December 20: Japan International Cooperation Agency (JICA) handed over newly reconstructed school buildings to the school management committee of Path Pradarshak Secondary School in Badikhel, Lalitpur on Tuesday, December 19.</span></div>

<div><span style="font-size:13px">The newly reconstructed buildings consist of three new blocks consisting of six classrooms, laboratory, ECD, library, lavatories along with other required facilities, according to JICA.</span></div>

<div><span style="font-size:13px">Jun Sakuma, chief representative of JICA Nepal and Madhu Prasad Regmi, secretary at the Ministry of Education, jointly inaugurated the school infrastructures amidst a function held on the school premises, JICA said in a statement.</span></div>

<div><span style="font-size:13px">The construction of the buildings which began in June 2016 was built under Emergency School Reconstruction Project (ESRP). The project is being implemented by the Central Level Project Implementation Unit of the Ministry of Education under Japanese ODA loan assistance.</span></div>

<div><span style="font-size:13px">&ldquo;The school was severely damaged during the earthquake of 2015. Since then, the school faced difficulties in managing the classrooms and education for the students. The secondary school was established back in 1963 and now has 474 students altogether. The new buildings are constructed with multihazard resilient structures which are environment, child, gender and disable friendly and are expected to provide improved learning environment to the students,&rdquo; reads the statement.</span></div>

<div><span style="font-size:13px">Speaking at the event, JICA Nepal&rsquo;s Chief Representative Sakuma said, &ldquo;Development of education sector in Nepal is one of primary motives of JICA and completion of this building is a positive commencement to various ongoing school reconstruction endeavors of JICA Nepal.&rdquo;</span></div>

<div><span style="font-size:13px">Approximately 300 schools are being built at a total cost of 14 billion Japanese yen (about NRs 12.7 billion) to support the reconstruction of disaster resilient schools in Gorkha, Dhading, Nuwakot, Makwanpur, Rasuwa and Lalitpur districts, based on the earthquake-resistant type design guidelines formulated by JICA under the principle of &ldquo;Build Back Better (BBB)&rdquo;. The rebuilt schools are expected to serve as potential regional hubs for improving the quality of education.</span></div>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6938',
			'image' => '20171220015353_Key Handover to School Mgmt..jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '7156',
			'article_category_id' => '1',
			'title' => 'Renault’s Super Heat Offer',
			'sub_title' => '',
			'summary' => 'December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched “Renault Super Heat” consumer scheme.',
			'content' => '<p>December 20: Advanced Automobiles Pvt Ltd, which is a part of Vishal Group and the authorized sole distributor of Renault vehicle for Nepal, has launched &ldquo;Renault Super Heat&rdquo; consumer scheme. Under this scheme, customers can avail huge saving on purchase of any new Renault vehicle, reads a press statement issued by the company. Customers can get benefit up to Rs 650,000.</p>

<p>Renault Super Heat scheme comes with the tagline of &quot;Chisssooo Winter Maa Hot Offer&quot;, which assures its customers with best scheme like comprehensive insurance for one year, free road tax for a year, free servicing for two years. The company will also provide exchange bonus up to Rs 100,000. The scheme is available in all Renault showrooms across Nepal.</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6937',
			'image' => '20171220014128_Mnemonic.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '7155',
			'article_category_id' => '1',
			'title' => 'NBI, NCC Sign Agreement',
			'sub_title' => '',
			'summary' => 'December 20: National Banking Institute Ltd (NBI) and Nepal Credit & Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance.',
			'content' => '<p>December 20: National Banking Institute Ltd (NBI) and Nepal Credit &amp; Commerce Bank Ltd (NCC) signed a Memorandum of Understanding (MoU) on December 19 for strategic alliance. As per the agreement, NBI will exclusively provide customized training programs to the bank for human capital development. Under this agreement, NCC has committed Rs 5 million worth training investment during the fiscal year&nbsp;2017/18 to NBI. This partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank, reads a press statement issued by the bank.</p>

<p>The MoU was signed by Ramesh Raj Aryal, CEO of NCC and Sanjib Subba, CEO of NBI. The bank believes that this alliance will be instrumental in the capacity building process and bringing about positive transformation in the development of human capital in the industry.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6936',
			'image' => '20171220012214_NCC.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '7154',
			'article_category_id' => '1',
			'title' => 'Neco provides GPA Insurance to Orphans',
			'sub_title' => '',
			'summary' => 'December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. ',
			'content' => '<p>December 20: Neco Insurance Limited, as part of its corporate social responsibility (CSR), provided Group Personal Accident (GPA) insurance to 46 orphan students of Bhimsenthan-based Paropakar Sanstha, Kathmandu. The insurance policy was handed over to the social organisation on December 19 by Bishwaram Timala, CEO of the company.</p>

<p>Issuing a press statement, the company informed that the insurance will cover the students&rsquo; medical expenses and also the expenses of injuries caused by accident or the risk of death. The non-life insurance company, established 22 years ago, has been regularly organising such CSR activities.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6935',
			'image' => '20171220124718_Photo.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '7153',
			'article_category_id' => '1',
			'title' => 'Global IME Launches Branchless Banking Service in Chainpur',
			'sub_title' => '',
			'summary' => 'December 20 :  Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha.',
			'content' => '<p>December 20 : &nbsp;Global IME bank has launched branchless banking service at Pokhari Bazar, Chainpur-3 of Sankhuwasabha. With this, the bank has now been providing branchless banking service from 54 locations. A press statement issued by the bank mentions that a local, Mann Maya Limbu, has been appointed as the bank&rsquo;s representatives for Chainpur.</p>

<p>With the aim to expand banking services in all local levels across the nation, the bank has been providing banking services in various places through its branches, extension counters, and branchless banking service.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6934',
			'image' => '20171220010611_global.jpg',
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '7152',
			'article_category_id' => '1',
			'title' => 'Complete Melamchi Water Project at the Earliest: CIAA',
			'sub_title' => '',
			'summary' => 'December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.',
			'content' => '<p>December 20: The Commission for the Investigation of Abuse of Authority (CIAA) has asked the concerned authorities to bring the water of Melmachi to the Kathmandu Valley at the earliest.</p>

<p>As the capital is facing shortage of water, the CIAA on Tuesday, directed the officials of Melamchi Water Supply Development Board (MWSDB) to solve the shortage of drinking water in Kathmandu by completing the project as soon as possible.</p>

<p>CIAA Chief Commissioner Deep Basnet directed the concerned officials as the people of Kathmandu have been facing dust pollution and shortage of clean drinking water at the same time. A source at CIAA said that the shortage of water has made people of Kathmandu exposed to diseases and the dust pollution has left very bad image of Nepal among the foreign tourists. &ldquo;The miscommunication between the concerned authorities has delayed in the completion of the project,&rdquo; the source added.</p>

<p>According to CIAA Commissioner Nabin Kumar Ghimire, the pace of the project has been disappointing. Another commissioner of CIAA, Ganesh Raj Joshi, said that despite being a national pride project, the concerned authorities have not paid attention to complete Melamchi Water Supply Project. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-20',
			'modified' => '2017-12-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6933',
			'image' => null,
			'article_date' => '2017-12-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '7151',
			'article_category_id' => '1',
			'title' => 'Domestic Sources Capable of Raising Funds in Excess for Budhigandaki Project',
			'sub_title' => '',
			'summary' => 'December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.',
			'content' => '<p>December 19: A committee formed to prepare the investment plan of 1,200-megawatt Budhigandaki Hydropower Project has estimated that the project can raise Rs 100 billion more than the required amount for the project.</p>

<p>The estimated cost of the project is Rs 270 billion. A report prepared by the committee has pointed out to the possibility of raising Rs 350 billion for the project. The report was presented to Deputy Prime Minister and Minister for Energy Kamal Thapa on Monday, December 18.</p>

<p>The erstwhile government had handed over the responsibility of the national pride project to a Chinese company Gezhouba amid widespread criticism for choosing a foreign company for the project which was supposed to be completed with domestic investment.</p>

<p>A cabinet meeting on November 24 decided to complete the project with domestic investment after scrapping the deal with the Chinese company on November 13. Following the decision, the eight-member committee headed by National Planning Commission&rsquo;s Vice-Chairman Dr Swarnim Wagle was formed to prepare the investment plan of the project. Some other members of the committee include Nepal Rastra bank&rsquo;s governor, finance secretary, joint secretary of energy ministry as well as executive director of Nepal Electricity Authority.</p>

<p>The report prepared by the committee incorporates strategic importance of the project, investment, modality of contract, economic possibility and the alternatives of investment. The report also includes the present situation in hydropower investment, investment needed for hydropower sector in the next five years, demand and supply of electricity in the country.</p>

<p>The report states that the government needs to provide 35 percent as the viability gap funding for the project considering the total investment to be Rs 270 billion.</p>

<p>Meanwhile, in the budget speech for the Fiscal Year 2017/2018, the government had announced that it will levy Rs 5 per liter on petrol, diesel and aviation fuel for the construction of Budhigandaki Hydropower Project. The government has already collected Rs 15 billion from tax levied on petroleum products.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6932',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '7150',
			'article_category_id' => '1',
			'title' => ''Nepal can Attract More Foreign Investment'',
			'sub_title' => '',
			'summary' => 'December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).',
			'content' => '<p>December 19: With the country transitioning into federal structure and possibility of having stable government for the next five years, Nepal can attract more foreign investment, said Shankar Adhikari, finance secretary at the Ministry of Finance (MoF).</p>

<p>Speaking at a program organized in Kathmandu&nbsp;on Tuesday, December 19, he said that there are both challenges and opportunities ahead while implementing federalism, but the government should focus on creating investment-friendly environment in the country to ensure the flow of foreign investment.</p>

<p>The program entitled &lsquo;Fiscal Challenges under Federalism&rsquo; was organized by the Society of Economic Journalists of Nepal (SEJON) in collaboration with Asian Development Bank (ADB).</p>

<p>&ldquo;The country can achieve revenue growth of 30 percent, but only if there is political commitment. The main challenge is the allocation of budget at both provincial and local levels,&rdquo; he said at the program.</p>

<p>Likewise, former finance secretary Shanta Raj Subedi said that all the provinces don&rsquo;t have equal resources, so every province and central government should work together.</p>

<p>&ldquo;When we see at the current structure, Province 3 is ahead in comparison with others, so, collaboration is a must. The central government should support all the provinces as it takes time to prepare mechanism and policy at the provincial level,&rdquo; Subedi said, adding that the national pride projects should be looked after by the central government itself, not the provincial governments.</p>

<p>Likewise, Shanker Sharma, former vice chairman of the National Planning Commission (NPC), said that 87 percent of infrastructure projects in Nepal have cost and time overrun. Similarly, Kantika Sejuwal, mayor of Chandannath Municipality, Jumla complained that the budget allocated by the government for Jumla is very low despite being very big in geographical structure.</p>

<p>&ldquo;I have planned to organize investment summit in Jumla within a year to attract foreign investment in the region as we have huge resources and possibilities. The support from bureaucrats for local representatives in Jumla is very disappointing,&rdquo; she added. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p>&nbsp;</p>
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