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



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		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
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			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

<p><br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7139',
			'article_category_id' => '1',
			'title' => 'Volkswagen Inaugurates New Authorized Service Centre at UN Park',
			'sub_title' => '',
			'summary' => 'December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd – the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. ',
			'content' => '<p><span style="font-size:13px">December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd &ndash; the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. Along with service, customers will also be able to get genuine Volkswagen parts and accessories from the new service centre, reads a press statement issued by the company.</span></p>

<p>&ldquo;We, at Volkswagen, are rigorously thinking of &lsquo;additional value&rsquo; that we can offer to our customers, post-purchase service being one of them. As our customers are overwhelmingly satisfied by owning and driving our cars, we want our customers to get reliable Volkswagen experience in servicing too. That is why we have extended our authorized service centre. We will be adding more of these kind of authorized service centres in various parts of Nepal,&rdquo; the company&rsquo;s CEO Bibek Bijukchhe said while inaugurating the service station.</p>

<p>On the very day, Volkswagen also offered its customers free car check up and wash.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6922',
			'image' => '20171218043329_DSC02029.jpg',
			'article_date' => '2017-12-18 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7141',
			'article_category_id' => '1',
			'title' => 'Agreement Between Nabil Bank and NBI',
			'sub_title' => '',
			'summary' => 'December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. ',
			'content' => '<p><span style="font-size:13px">December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. With the agreement, NBI will launch training programme to enhance the capacity of the bank&rsquo;s staff.&nbsp; The Deputy CEO of Nabil Bank, Anil Kumar Khanal and the CEO of NBI, Sanjiv Subba signed the agreement on behalf of their respective organisations.</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6921',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7136',
			'article_category_id' => '1',
			'title' => 'Eicher Introduces Pro 8031 in the Nepali Market',
			'sub_title' => '',
			'summary' => 'December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market.',
			'content' => '<p><span style="font-size:13px">December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market. The tipper of 330 HP has been developed with Volvo technology. The company&rsquo;s Senior Vice President and International Business Head, SL Gill, and the president of Batas Organisation, Aanand Raj Batas, jointly unveiled the tipper amid a function on Sunday. The company&rsquo;s buses, cars, and tippers are available in the Nepali market.&nbsp; &nbsp;</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6920',
			'image' => '20171218034941_eicher.jpg',
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '7140',
			'article_category_id' => '1',
			'title' => 'Citizens Bank’s new Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 18: Citizens Bank International has started new scheme of fixed deposit, 'Scratched Fixed Deposit'. ',
			'content' => '<p><span style="font-size:13px">December 18: Citizens Bank International has started new scheme of fixed deposit, &#39;Scratched Fixed Deposit&#39;.&nbsp; The fixed deposit scheme has been started for individuals under which an account can be opened with a minimum deposit of Rs 100,000. Under the scheme, customers will be provided yearly interest of 9.5 percent.&nbsp;</span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6919',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 12 => array(
		'Article' => array(
			'id' => '7137',
			'article_category_id' => '1',
			'title' => 'World Bank Approves Additional Financing for Post-Quake Reconstruction',
			'sub_title' => '',
			'summary' => 'December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. ',
			'content' => '<p><span style="font-size:13px">December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. This supplements a USD 200 million credit approved by the bank on June 29, 2015, reads a recent statement issued by the bank.</span></p>

<p>The bank said that the additional finance will help the Government of Nepal meet a share of the financing gap in its housing reconstruction program under implementation following the devastating earthquakes of 2015. The impact of those earthquakes is estimated at 35 percent of Nepal&rsquo;s Gross Domestic Product (GDP) with recovery needs of about USD 7 billion.</p>

<p>From a preliminary estimate of 500,000 households in 2015, the total number of eligible and enrolled beneficiaries has increased to 650,000 households. The government has also increased the housing grant to Rs 300,000 per household from the earlier Rs 200,000 to reflect increased construction costs.&nbsp; With these updates, the financing gap in the government&rsquo;s housing reconstruction program has widened to over USD 1.2 billion.</p>

<p>According to the World Bank, the additional credit will finance hazard-resistant reconstruction of an additional 96,000 houses. The original bank credit covers the reconstruction of 55,000 houses. Over 73,706 houses have been reconstructed till date. Reconstruction has started with another 177,000 houses.</p>

<p>&ldquo;Nepal requires critical investments in resilient recovery,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.&nbsp; &ldquo;This will help avoid new disaster risks and ensure Nepal&rsquo;s continued progress in key development indicators.&nbsp; Such investments will also strengthen disaster preparedness and improve the capacity to respond,&rdquo; he said.</p>

<p>With the additional finance, the Earthquake Housing Reconstruction Project will continue to transfer the housing grants directly to the bank accounts of beneficiaries.</p>

<p>&ldquo;This remains a key principle in order to ensure that the right beneficiary gets the right tranche amount upon verification,&rdquo; said Kamran Akbar, senior disaster risk management specialist at the World Bank.</p>

<p>A World Bank administered Multi-Donor Trust Fund (MDTF) supports the implementation of the Earthquake Housing Reconstruction Project.&nbsp; Other MDTF partners include the US, the UK, Switzerland and Canada.&nbsp; Japan and India also provide parallel financing to support housing reconstruction.</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6918',
			'image' => '20171218043634_wb.jpg',
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '7138',
			'article_category_id' => '1',
			'title' => 'Government to Ban Vehicles Older than 20 years',
			'sub_title' => '',
			'summary' => 'December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. ',
			'content' => '<p><span style="font-size:13px">December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. From the start of the coming Nepali New Year, the movement of such vehicles will be banned by the Department of Transport Management (DoTM).</span></p>

<p>If the government succeeds in implementing this rule, then a total of 10,000 vehicles will not be able to ply the roads. The department will not give route permit to such vehicles, and if found running on the road, it will take action against such vehicles. As per the current provision, public vehicles should renew the route permit in every four months.</p>

<p>The government believes that doing this will stop the sale of old vehicles. Spokesperson of DoTM &nbsp;Dr Tokraj Pandey said that stopping the movement of these vehicles will stop road accidents and reduce air pollution.</p>

<p>The government has already stopped the vehicular movement of vehicles older than 20 years in the Kathmandu Valley. After such move, those vehicles started to run in different rural areas of the country. Meanwhile, this provision is not applicable for electric tempos and micro buses.&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7135',
			'article_category_id' => '1',
			'title' => 'Process of Importing Petroleum Products from China Stranded',
			'sub_title' => '',
			'summary' => 'December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. ',
			'content' => '<p><span style="font-size:13px">December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. The process has been stranded despite the Ministry of Supplies (MoS) allowing National Trading Limited (NTL) to enter into petroleum trading with China. The Ministry of Finance (MoF) has not agreed to the decision, according to the Ministry of Supplies.</span></p>

<p>The Ministry of Supplies said that the finance ministry has not taken the issue seriously. &ldquo;Though the MoS had mailed MoF in October, 2016, there has not been any discussion so far,&rdquo; stated MoS.</p>

<p>According to MoS, the file on the subject to allow NTL to enter into petroleum trading was forwarded to the council of ministers. But the council of ministers had demanded approval from MoF. MoS official Urmila KC said, &ldquo;Despite such attempts, the finance ministry is reluctant to initiate the discussion.&rdquo;</p>

<p>MoF stated that the attempt to discuss the subject with concerned officials at MoS has been unsuccessful. NTL&rsquo;s failure to establish itself as a successful corporation and lack of employees in the current situation have stood as the obstacle to hand over such huge responsibility to NTL. &nbsp;&nbsp;&nbsp;</p>

<p>Importing petroleum products from northern neighbor is a big issue. So, the ministry is looking if NTL can handle such responsibility or not, said a source at the Ministry of Finance. Likewise, MoF also said that the issue was out of discussion because of the elections in the country.</p>

<p>The government should also work on maintaining the infrastructure of the country if it is to import petroleum products to be imported from China.</p>

<p>After facing huge loss, the staffers of National Trading were given voluntary retirement.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
			'image' => null,
			'article_date' => '2017-12-19 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
			'article_date' => '2017-12-19 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

<p><br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7139',
			'article_category_id' => '1',
			'title' => 'Volkswagen Inaugurates New Authorized Service Centre at UN Park',
			'sub_title' => '',
			'summary' => 'December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd – the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. ',
			'content' => '<p><span style="font-size:13px">December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd &ndash; the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. Along with service, customers will also be able to get genuine Volkswagen parts and accessories from the new service centre, reads a press statement issued by the company.</span></p>

<p>&ldquo;We, at Volkswagen, are rigorously thinking of &lsquo;additional value&rsquo; that we can offer to our customers, post-purchase service being one of them. As our customers are overwhelmingly satisfied by owning and driving our cars, we want our customers to get reliable Volkswagen experience in servicing too. That is why we have extended our authorized service centre. We will be adding more of these kind of authorized service centres in various parts of Nepal,&rdquo; the company&rsquo;s CEO Bibek Bijukchhe said while inaugurating the service station.</p>

<p>On the very day, Volkswagen also offered its customers free car check up and wash.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6922',
			'image' => '20171218043329_DSC02029.jpg',
			'article_date' => '2017-12-18 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7141',
			'article_category_id' => '1',
			'title' => 'Agreement Between Nabil Bank and NBI',
			'sub_title' => '',
			'summary' => 'December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. ',
			'content' => '<p><span style="font-size:13px">December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. With the agreement, NBI will launch training programme to enhance the capacity of the bank&rsquo;s staff.&nbsp; The Deputy CEO of Nabil Bank, Anil Kumar Khanal and the CEO of NBI, Sanjiv Subba signed the agreement on behalf of their respective organisations.</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6921',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '7136',
			'article_category_id' => '1',
			'title' => 'Eicher Introduces Pro 8031 in the Nepali Market',
			'sub_title' => '',
			'summary' => 'December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market.',
			'content' => '<p><span style="font-size:13px">December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market. The tipper of 330 HP has been developed with Volvo technology. The company&rsquo;s Senior Vice President and International Business Head, SL Gill, and the president of Batas Organisation, Aanand Raj Batas, jointly unveiled the tipper amid a function on Sunday. The company&rsquo;s buses, cars, and tippers are available in the Nepali market.&nbsp; &nbsp;</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6920',
			'image' => '20171218034941_eicher.jpg',
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			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '7140',
			'article_category_id' => '1',
			'title' => 'Citizens Bank’s new Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 18: Citizens Bank International has started new scheme of fixed deposit, 'Scratched Fixed Deposit'. ',
			'content' => '<p><span style="font-size:13px">December 18: Citizens Bank International has started new scheme of fixed deposit, &#39;Scratched Fixed Deposit&#39;.&nbsp; The fixed deposit scheme has been started for individuals under which an account can be opened with a minimum deposit of Rs 100,000. Under the scheme, customers will be provided yearly interest of 9.5 percent.&nbsp;</span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6919',
			'image' => null,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7137',
			'article_category_id' => '1',
			'title' => 'World Bank Approves Additional Financing for Post-Quake Reconstruction',
			'sub_title' => '',
			'summary' => 'December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. ',
			'content' => '<p><span style="font-size:13px">December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. This supplements a USD 200 million credit approved by the bank on June 29, 2015, reads a recent statement issued by the bank.</span></p>

<p>The bank said that the additional finance will help the Government of Nepal meet a share of the financing gap in its housing reconstruction program under implementation following the devastating earthquakes of 2015. The impact of those earthquakes is estimated at 35 percent of Nepal&rsquo;s Gross Domestic Product (GDP) with recovery needs of about USD 7 billion.</p>

<p>From a preliminary estimate of 500,000 households in 2015, the total number of eligible and enrolled beneficiaries has increased to 650,000 households. The government has also increased the housing grant to Rs 300,000 per household from the earlier Rs 200,000 to reflect increased construction costs.&nbsp; With these updates, the financing gap in the government&rsquo;s housing reconstruction program has widened to over USD 1.2 billion.</p>

<p>According to the World Bank, the additional credit will finance hazard-resistant reconstruction of an additional 96,000 houses. The original bank credit covers the reconstruction of 55,000 houses. Over 73,706 houses have been reconstructed till date. Reconstruction has started with another 177,000 houses.</p>

<p>&ldquo;Nepal requires critical investments in resilient recovery,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.&nbsp; &ldquo;This will help avoid new disaster risks and ensure Nepal&rsquo;s continued progress in key development indicators.&nbsp; Such investments will also strengthen disaster preparedness and improve the capacity to respond,&rdquo; he said.</p>

<p>With the additional finance, the Earthquake Housing Reconstruction Project will continue to transfer the housing grants directly to the bank accounts of beneficiaries.</p>

<p>&ldquo;This remains a key principle in order to ensure that the right beneficiary gets the right tranche amount upon verification,&rdquo; said Kamran Akbar, senior disaster risk management specialist at the World Bank.</p>

<p>A World Bank administered Multi-Donor Trust Fund (MDTF) supports the implementation of the Earthquake Housing Reconstruction Project.&nbsp; Other MDTF partners include the US, the UK, Switzerland and Canada.&nbsp; Japan and India also provide parallel financing to support housing reconstruction.</p>
',
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			'sortorder' => '6918',
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		'Article' => array(
			'id' => '7138',
			'article_category_id' => '1',
			'title' => 'Government to Ban Vehicles Older than 20 years',
			'sub_title' => '',
			'summary' => 'December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. ',
			'content' => '<p><span style="font-size:13px">December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. From the start of the coming Nepali New Year, the movement of such vehicles will be banned by the Department of Transport Management (DoTM).</span></p>

<p>If the government succeeds in implementing this rule, then a total of 10,000 vehicles will not be able to ply the roads. The department will not give route permit to such vehicles, and if found running on the road, it will take action against such vehicles. As per the current provision, public vehicles should renew the route permit in every four months.</p>

<p>The government believes that doing this will stop the sale of old vehicles. Spokesperson of DoTM &nbsp;Dr Tokraj Pandey said that stopping the movement of these vehicles will stop road accidents and reduce air pollution.</p>

<p>The government has already stopped the vehicular movement of vehicles older than 20 years in the Kathmandu Valley. After such move, those vehicles started to run in different rural areas of the country. Meanwhile, this provision is not applicable for electric tempos and micro buses.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6917',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7135',
			'article_category_id' => '1',
			'title' => 'Process of Importing Petroleum Products from China Stranded',
			'sub_title' => '',
			'summary' => 'December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. ',
			'content' => '<p><span style="font-size:13px">December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. The process has been stranded despite the Ministry of Supplies (MoS) allowing National Trading Limited (NTL) to enter into petroleum trading with China. The Ministry of Finance (MoF) has not agreed to the decision, according to the Ministry of Supplies.</span></p>

<p>The Ministry of Supplies said that the finance ministry has not taken the issue seriously. &ldquo;Though the MoS had mailed MoF in October, 2016, there has not been any discussion so far,&rdquo; stated MoS.</p>

<p>According to MoS, the file on the subject to allow NTL to enter into petroleum trading was forwarded to the council of ministers. But the council of ministers had demanded approval from MoF. MoS official Urmila KC said, &ldquo;Despite such attempts, the finance ministry is reluctant to initiate the discussion.&rdquo;</p>

<p>MoF stated that the attempt to discuss the subject with concerned officials at MoS has been unsuccessful. NTL&rsquo;s failure to establish itself as a successful corporation and lack of employees in the current situation have stood as the obstacle to hand over such huge responsibility to NTL. &nbsp;&nbsp;&nbsp;</p>

<p>Importing petroleum products from northern neighbor is a big issue. So, the ministry is looking if NTL can handle such responsibility or not, said a source at the Ministry of Finance. Likewise, MoF also said that the issue was out of discussion because of the elections in the country.</p>

<p>The government should also work on maintaining the infrastructure of the country if it is to import petroleum products to be imported from China.</p>

<p>After facing huge loss, the staffers of National Trading were given voluntary retirement.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



    if(!$xml = simplexml_load_file($file)){
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$articles = array(
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		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
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		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
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			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
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		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '7143',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

<p><br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7139',
			'article_category_id' => '1',
			'title' => 'Volkswagen Inaugurates New Authorized Service Centre at UN Park',
			'sub_title' => '',
			'summary' => 'December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd – the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. ',
			'content' => '<p><span style="font-size:13px">December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd &ndash; the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. Along with service, customers will also be able to get genuine Volkswagen parts and accessories from the new service centre, reads a press statement issued by the company.</span></p>

<p>&ldquo;We, at Volkswagen, are rigorously thinking of &lsquo;additional value&rsquo; that we can offer to our customers, post-purchase service being one of them. As our customers are overwhelmingly satisfied by owning and driving our cars, we want our customers to get reliable Volkswagen experience in servicing too. That is why we have extended our authorized service centre. We will be adding more of these kind of authorized service centres in various parts of Nepal,&rdquo; the company&rsquo;s CEO Bibek Bijukchhe said while inaugurating the service station.</p>

<p>On the very day, Volkswagen also offered its customers free car check up and wash.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6922',
			'image' => '20171218043329_DSC02029.jpg',
			'article_date' => '2017-12-18 00:00:00',
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			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '7141',
			'article_category_id' => '1',
			'title' => 'Agreement Between Nabil Bank and NBI',
			'sub_title' => '',
			'summary' => 'December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. ',
			'content' => '<p><span style="font-size:13px">December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. With the agreement, NBI will launch training programme to enhance the capacity of the bank&rsquo;s staff.&nbsp; The Deputy CEO of Nabil Bank, Anil Kumar Khanal and the CEO of NBI, Sanjiv Subba signed the agreement on behalf of their respective organisations.</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6921',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '7136',
			'article_category_id' => '1',
			'title' => 'Eicher Introduces Pro 8031 in the Nepali Market',
			'sub_title' => '',
			'summary' => 'December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market.',
			'content' => '<p><span style="font-size:13px">December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market. The tipper of 330 HP has been developed with Volvo technology. The company&rsquo;s Senior Vice President and International Business Head, SL Gill, and the president of Batas Organisation, Aanand Raj Batas, jointly unveiled the tipper amid a function on Sunday. The company&rsquo;s buses, cars, and tippers are available in the Nepali market.&nbsp; &nbsp;</span></p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6920',
			'image' => '20171218034941_eicher.jpg',
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '7140',
			'article_category_id' => '1',
			'title' => 'Citizens Bank’s new Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 18: Citizens Bank International has started new scheme of fixed deposit, 'Scratched Fixed Deposit'. ',
			'content' => '<p><span style="font-size:13px">December 18: Citizens Bank International has started new scheme of fixed deposit, &#39;Scratched Fixed Deposit&#39;.&nbsp; The fixed deposit scheme has been started for individuals under which an account can be opened with a minimum deposit of Rs 100,000. Under the scheme, customers will be provided yearly interest of 9.5 percent.&nbsp;</span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6919',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '7137',
			'article_category_id' => '1',
			'title' => 'World Bank Approves Additional Financing for Post-Quake Reconstruction',
			'sub_title' => '',
			'summary' => 'December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. ',
			'content' => '<p><span style="font-size:13px">December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. This supplements a USD 200 million credit approved by the bank on June 29, 2015, reads a recent statement issued by the bank.</span></p>

<p>The bank said that the additional finance will help the Government of Nepal meet a share of the financing gap in its housing reconstruction program under implementation following the devastating earthquakes of 2015. The impact of those earthquakes is estimated at 35 percent of Nepal&rsquo;s Gross Domestic Product (GDP) with recovery needs of about USD 7 billion.</p>

<p>From a preliminary estimate of 500,000 households in 2015, the total number of eligible and enrolled beneficiaries has increased to 650,000 households. The government has also increased the housing grant to Rs 300,000 per household from the earlier Rs 200,000 to reflect increased construction costs.&nbsp; With these updates, the financing gap in the government&rsquo;s housing reconstruction program has widened to over USD 1.2 billion.</p>

<p>According to the World Bank, the additional credit will finance hazard-resistant reconstruction of an additional 96,000 houses. The original bank credit covers the reconstruction of 55,000 houses. Over 73,706 houses have been reconstructed till date. Reconstruction has started with another 177,000 houses.</p>

<p>&ldquo;Nepal requires critical investments in resilient recovery,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.&nbsp; &ldquo;This will help avoid new disaster risks and ensure Nepal&rsquo;s continued progress in key development indicators.&nbsp; Such investments will also strengthen disaster preparedness and improve the capacity to respond,&rdquo; he said.</p>

<p>With the additional finance, the Earthquake Housing Reconstruction Project will continue to transfer the housing grants directly to the bank accounts of beneficiaries.</p>

<p>&ldquo;This remains a key principle in order to ensure that the right beneficiary gets the right tranche amount upon verification,&rdquo; said Kamran Akbar, senior disaster risk management specialist at the World Bank.</p>

<p>A World Bank administered Multi-Donor Trust Fund (MDTF) supports the implementation of the Earthquake Housing Reconstruction Project.&nbsp; Other MDTF partners include the US, the UK, Switzerland and Canada.&nbsp; Japan and India also provide parallel financing to support housing reconstruction.</p>
',
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			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6918',
			'image' => '20171218043634_wb.jpg',
			'article_date' => '2017-12-18 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '7138',
			'article_category_id' => '1',
			'title' => 'Government to Ban Vehicles Older than 20 years',
			'sub_title' => '',
			'summary' => 'December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. ',
			'content' => '<p><span style="font-size:13px">December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. From the start of the coming Nepali New Year, the movement of such vehicles will be banned by the Department of Transport Management (DoTM).</span></p>

<p>If the government succeeds in implementing this rule, then a total of 10,000 vehicles will not be able to ply the roads. The department will not give route permit to such vehicles, and if found running on the road, it will take action against such vehicles. As per the current provision, public vehicles should renew the route permit in every four months.</p>

<p>The government believes that doing this will stop the sale of old vehicles. Spokesperson of DoTM &nbsp;Dr Tokraj Pandey said that stopping the movement of these vehicles will stop road accidents and reduce air pollution.</p>

<p>The government has already stopped the vehicular movement of vehicles older than 20 years in the Kathmandu Valley. After such move, those vehicles started to run in different rural areas of the country. Meanwhile, this provision is not applicable for electric tempos and micro buses.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6917',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7135',
			'article_category_id' => '1',
			'title' => 'Process of Importing Petroleum Products from China Stranded',
			'sub_title' => '',
			'summary' => 'December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. ',
			'content' => '<p><span style="font-size:13px">December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. The process has been stranded despite the Ministry of Supplies (MoS) allowing National Trading Limited (NTL) to enter into petroleum trading with China. The Ministry of Finance (MoF) has not agreed to the decision, according to the Ministry of Supplies.</span></p>

<p>The Ministry of Supplies said that the finance ministry has not taken the issue seriously. &ldquo;Though the MoS had mailed MoF in October, 2016, there has not been any discussion so far,&rdquo; stated MoS.</p>

<p>According to MoS, the file on the subject to allow NTL to enter into petroleum trading was forwarded to the council of ministers. But the council of ministers had demanded approval from MoF. MoS official Urmila KC said, &ldquo;Despite such attempts, the finance ministry is reluctant to initiate the discussion.&rdquo;</p>

<p>MoF stated that the attempt to discuss the subject with concerned officials at MoS has been unsuccessful. NTL&rsquo;s failure to establish itself as a successful corporation and lack of employees in the current situation have stood as the obstacle to hand over such huge responsibility to NTL. &nbsp;&nbsp;&nbsp;</p>

<p>Importing petroleum products from northern neighbor is a big issue. So, the ministry is looking if NTL can handle such responsibility or not, said a source at the Ministry of Finance. Likewise, MoF also said that the issue was out of discussion because of the elections in the country.</p>

<p>The government should also work on maintaining the infrastructure of the country if it is to import petroleum products to be imported from China.</p>

<p>After facing huge loss, the staffers of National Trading were given voluntary retirement.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '7149',
			'article_category_id' => '1',
			'title' => 'Himalayan General Insurance Steps into 25th year',
			'sub_title' => '',
			'summary' => 'December 19:  Himalayan General Insurance Company has stepped into 25th year of its establishment. ',
			'content' => '<p>December 19:&nbsp; Himalayan General Insurance Company has stepped into 25<sup>th</sup> year of its establishment. The company announced its future strategy during a function organised to mark its anniversary. It also said that it will contribute to social service in the coming days. The company also contributed to different social activities on the occasion.</p>
',
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			'created' => '2017-12-19',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6930',
			'image' => '20171219045951_himalayan insurance.jpg',
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		'Article' => array(
			'id' => '7148',
			'article_category_id' => '1',
			'title' => 'Global IME Capital appointed Share Registrar of IME General Insurance',
			'sub_title' => '',
			'summary' => 'IME General Insurance has appointed Global IME Capital as its share registrar. ',
			'content' => '<p>IME General Insurance has appointed Global IME Capital as its share registrar. Global IME Capital will issue right share of the insurance company &nbsp;in the ratio of 10:8 .</p>

<p>The CEO of the insurance company Yugesh Bhakta Bade Shrestha and the CEO of Global IME Capital, Paras Mani Dhakal signed an agreement on behalf of their respective organisaions on Monday, December 18. According to Shrestha, the paid-up capital of the insurance company will reach Rs 972 million after the issuance of the right share. Furthermore, he informed that the insurance company plans to increase the paid-up capital to Rs 1.02 billion after issuing bonus shares.&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6929',
			'image' => '20171219045629_IME.jpg',
			'article_date' => '2017-12-19 00:00:00',
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		'Article' => array(
			'id' => '7147',
			'article_category_id' => '1',
			'title' => 'New Guidelines set for Salary and Allowances of Insurance Company CEOs',
			'sub_title' => '',
			'summary' => 'December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. ',
			'content' => '<p>December 19: The Insurance Board has implemented the guidelines related to the salary, allowances and other benefits of the CEOs of insurance companies. The Insurance Board said that the guidelines have been implemented for proper management of the facilities of the CEOs.</p>

<p>As per the new guidelines, the salary, bonus and other facilities provided by the insurance companies to their CEOs have been divided into four categories which include annual salary and bonuses, remuneration according to work performance, facilities related to insurance and other facilities.</p>

<p>According to the committee, though the existing CEOs will get the same facilities and remuneration which they have been getting till now, the new insurance companies will have to adhere to the new guidelines from now onwards. According to the guidelines, the CEOs will get the facilities of periodic life insurance, accidental insurance and family health insurance.</p>

<p>Likewise, the CEOs will get bonuses not exceeding 70 percent of their annual salary on the basis of their work performance. &nbsp;He or she will get fuel for vehicle, driver as well as mobile set, internet and laptop. The CEO will also get travel and health facilities at the time of their official visits.</p>

<p>&nbsp;</p>

<p>Condition where the guidelines won&rsquo;t be applicable</p>

<p>-Insurance companies which are in problem</p>

<p>-Insurance companies where the government appoints the CEO</p>

<p>-Insurance companies establishment with joint investment of domestic and foreign investors where the CEO is a foreign national and foreign insurance companies having branch in Nepal</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6928',
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		'Article' => array(
			'id' => '7146',
			'article_category_id' => '1',
			'title' => 'ADB, Government Hand Over Reconstructed Earthquake-Resistant School To Community',
			'sub_title' => '',
			'summary' => 'December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. ',
			'content' => '<p>December 19: The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday, December 18. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities, reads a statement issued by the bank.</p>

<p>&nbsp;&ldquo;The reconstruction of the school was an opportunity to build back better, and now the school is not only rebuilt to earthquake-resistant standards but also provides an improved learning environment for children,&rdquo; said Mukhtor Khamudkhanov, ADB&rsquo;s Country Director for Nepal. &ldquo;We hope this new building will inspire teachers and students to do their best.&rdquo;</p>

<p>According to the ADB, the newly reconstructed school has seven classrooms and a library in three buildings as well as separate toilet blocks for girls and boys. The bank said that the buildings are modern structures resistant to earthquakes and designed with disabled-friendly features.</p>

<p>Prior to the construction of the new buildings, students were taking classes at temporary makeshift classrooms. &ldquo;If the new building were not constructed, the school would have to be closed as the number of students was dwindling,&rdquo; says Prem Lal Shrestha, the school&rsquo;s head teacher. &ldquo;But now, we are confident students will come back as parents also feel the new buildings are safe.&rdquo;</p>

<p>The hand-over ceremony was attended by Madhu Prasad Regmi, secretary at the Ministry of Education, Dhruba Prasad Sharma, executive member of National Reconstruction Authority and the local community, informed the ADB.</p>

<p>The school was reconstructed under the Earthquake Emergency Assistance Project (EEAP) jointly financed by ADB, which provided USD 200 million, and the Government of Nepal, which provided USD 33.4 million. The United States Agency for International Development provided USD 10 million in co-financing.</p>

<p>The ADB said that the project is rebuilding 154 schools damaged by the earthquake, that would enable thousands of children to return to school. Eleven schools are ready to be handed over to the community. The schools include stronger construction and engineering specifications that are designed to help the structures withstand future earthquakes. The EEAP-supported school reconstruction program is scheduled for completion in early 2019.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6927',
			'image' => '20171219012057_Kavres_school Handover photo.jpg',
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		'Article' => array(
			'id' => '7145',
			'article_category_id' => '1',
			'title' => 'Mega Bank to Invest for Underprivileged Groups',
			'sub_title' => '',
			'summary' => 'December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.',
			'content' => '<p>December 19: Mega bank has decided to increase its investment for the underprivileged groups to Rs 4 billion by the end of the current fiscal year.</p>

<p>The Acting CEO of the bank, Anupama Khanjeli, said that the amount will be invested for underprivileged groups till the end of FY 2017/18. Speaking at an interaction programme organised by the bank with CEOs of 50 microfinance institutions from across the country, CEO Khanjeli informed that the bank has invested Rs 2.46 million in the sector so far.</p>

<p>Stating that the bank&rsquo;s mission was to invest from &lsquo;halo to hydro&rsquo;, Khanjeli clarified that the bank had given priority to micro financing in rural areas as there is less risk in debt recovery from underprivileged groups.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6926',
			'image' => '20171219115641_mega-bank.jpg',
			'article_date' => '2017-12-19 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '7144',
			'article_category_id' => '1',
			'title' => 'Kameshwor wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme.',
			'content' => '<p>December 19: Nepal General Marketing Pvt Ltd, the authorised distributor of Hero, announced the winner of its Dashain and Tihar scheme. Under the scheme &nbsp;&lsquo;Yo Dashain ra Tihar ma Bhagyamoney Bhaye&rsquo;, Hero&rsquo;s customer Kameshwor&nbsp; Hujedar has won an amount Rs 100,000.</p>

<p>The company had announced that the customers buying Hero motorbikes and scooters would get Rs 6,000 discount in addition to cash prize between Rs 1,000 to 100,000 from scratch card. Likewise, the company had awarded one winner with Rs 100,000 in a weekly bumper lucky draw.&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '6925',
			'image' => '20171219050006_Hero.jpg',
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			'article_category_id' => '1',
			'title' => 'Sunrise Bank to distribute Bonus Share',
			'sub_title' => '',
			'summary' => 'December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. ',
			'content' => '<p>December 19: Sunrise Bank has decided to distribute 15 % bonus share to its stakeholders. The proposal was approved by the 10<sup>th</sup> annual general meeting (AGM) of the bank on Monday, December 18. Issuing a press statement, the bank informed said that the total paid up capital will reach Rs 8.8 billion after distributing the bonus shares.</p>
',
			'published' => true,
			'created' => '2017-12-19',
			'modified' => '2017-12-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6924',
			'image' => '20171219113658_sunrise.jpg',
			'article_date' => '2017-12-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '7142',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between Janata Bank and Gurans Life Insurance',
			'sub_title' => '',
			'summary' => 'December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. ',
			'content' => '<p><span style="font-size:13px">December 18: Janata Bank and Gurans Life Insurance signed an agreement to commence Bancassurance service amid a function on Friday, December 15. Prithivi Shrestha, Deputy Chief Executive Officer of the bank and Narayan&nbsp; Kumar Bhattarai, the CEO of the insurance company , signed the agreement on behalf of their respective organisations. With the agreement, the bank&#39;s customers can now have easy access to insurance service provided by the insurance company through any of its branches across the country.</span></p>

<p>&nbsp;</p>

<p><br />
&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6923',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '7139',
			'article_category_id' => '1',
			'title' => 'Volkswagen Inaugurates New Authorized Service Centre at UN Park',
			'sub_title' => '',
			'summary' => 'December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd – the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. ',
			'content' => '<p><span style="font-size:13px">December 18: With an objective to provide its customers with best post-purchase services, Pooja Intl Nepal Pvt Ltd &ndash; the authorised importers of VW cars in Nepal - has inaugurated its authorized service centre at UN Park, Juwagal, Patan. Along with service, customers will also be able to get genuine Volkswagen parts and accessories from the new service centre, reads a press statement issued by the company.</span></p>

<p>&ldquo;We, at Volkswagen, are rigorously thinking of &lsquo;additional value&rsquo; that we can offer to our customers, post-purchase service being one of them. As our customers are overwhelmingly satisfied by owning and driving our cars, we want our customers to get reliable Volkswagen experience in servicing too. That is why we have extended our authorized service centre. We will be adding more of these kind of authorized service centres in various parts of Nepal,&rdquo; the company&rsquo;s CEO Bibek Bijukchhe said while inaugurating the service station.</p>

<p>On the very day, Volkswagen also offered its customers free car check up and wash.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6922',
			'image' => '20171218043329_DSC02029.jpg',
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '7141',
			'article_category_id' => '1',
			'title' => 'Agreement Between Nabil Bank and NBI',
			'sub_title' => '',
			'summary' => 'December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. ',
			'content' => '<p><span style="font-size:13px">December 18: Nabil Bank and National Banking Institute (NBI) have signed an agreement for mutual cooperation. With the agreement, NBI will launch training programme to enhance the capacity of the bank&rsquo;s staff.&nbsp; The Deputy CEO of Nabil Bank, Anil Kumar Khanal and the CEO of NBI, Sanjiv Subba signed the agreement on behalf of their respective organisations.</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6921',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '7136',
			'article_category_id' => '1',
			'title' => 'Eicher Introduces Pro 8031 in the Nepali Market',
			'sub_title' => '',
			'summary' => 'December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market.',
			'content' => '<p><span style="font-size:13px">December 18: Eicher Company has introduced new ultra modern tipper Eicher Pro 8031 XM in the Nepali market. The tipper of 330 HP has been developed with Volvo technology. The company&rsquo;s Senior Vice President and International Business Head, SL Gill, and the president of Batas Organisation, Aanand Raj Batas, jointly unveiled the tipper amid a function on Sunday. The company&rsquo;s buses, cars, and tippers are available in the Nepali market.&nbsp; &nbsp;</span></p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6920',
			'image' => '20171218034941_eicher.jpg',
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '7140',
			'article_category_id' => '1',
			'title' => 'Citizens Bank’s new Fixed Deposit Scheme',
			'sub_title' => '',
			'summary' => 'December 18: Citizens Bank International has started new scheme of fixed deposit, 'Scratched Fixed Deposit'. ',
			'content' => '<p><span style="font-size:13px">December 18: Citizens Bank International has started new scheme of fixed deposit, &#39;Scratched Fixed Deposit&#39;.&nbsp; The fixed deposit scheme has been started for individuals under which an account can be opened with a minimum deposit of Rs 100,000. Under the scheme, customers will be provided yearly interest of 9.5 percent.&nbsp;</span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6919',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '7137',
			'article_category_id' => '1',
			'title' => 'World Bank Approves Additional Financing for Post-Quake Reconstruction',
			'sub_title' => '',
			'summary' => 'December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. ',
			'content' => '<p><span style="font-size:13px">December 18: The World Bank has approved USD 300 million in additional finance for the Earthquake Housing Reconstruction Project. This supplements a USD 200 million credit approved by the bank on June 29, 2015, reads a recent statement issued by the bank.</span></p>

<p>The bank said that the additional finance will help the Government of Nepal meet a share of the financing gap in its housing reconstruction program under implementation following the devastating earthquakes of 2015. The impact of those earthquakes is estimated at 35 percent of Nepal&rsquo;s Gross Domestic Product (GDP) with recovery needs of about USD 7 billion.</p>

<p>From a preliminary estimate of 500,000 households in 2015, the total number of eligible and enrolled beneficiaries has increased to 650,000 households. The government has also increased the housing grant to Rs 300,000 per household from the earlier Rs 200,000 to reflect increased construction costs.&nbsp; With these updates, the financing gap in the government&rsquo;s housing reconstruction program has widened to over USD 1.2 billion.</p>

<p>According to the World Bank, the additional credit will finance hazard-resistant reconstruction of an additional 96,000 houses. The original bank credit covers the reconstruction of 55,000 houses. Over 73,706 houses have been reconstructed till date. Reconstruction has started with another 177,000 houses.</p>

<p>&ldquo;Nepal requires critical investments in resilient recovery,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.&nbsp; &ldquo;This will help avoid new disaster risks and ensure Nepal&rsquo;s continued progress in key development indicators.&nbsp; Such investments will also strengthen disaster preparedness and improve the capacity to respond,&rdquo; he said.</p>

<p>With the additional finance, the Earthquake Housing Reconstruction Project will continue to transfer the housing grants directly to the bank accounts of beneficiaries.</p>

<p>&ldquo;This remains a key principle in order to ensure that the right beneficiary gets the right tranche amount upon verification,&rdquo; said Kamran Akbar, senior disaster risk management specialist at the World Bank.</p>

<p>A World Bank administered Multi-Donor Trust Fund (MDTF) supports the implementation of the Earthquake Housing Reconstruction Project.&nbsp; Other MDTF partners include the US, the UK, Switzerland and Canada.&nbsp; Japan and India also provide parallel financing to support housing reconstruction.</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6918',
			'image' => '20171218043634_wb.jpg',
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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	(int) 13 => array(
		'Article' => array(
			'id' => '7138',
			'article_category_id' => '1',
			'title' => 'Government to Ban Vehicles Older than 20 years',
			'sub_title' => '',
			'summary' => 'December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. ',
			'content' => '<p><span style="font-size:13px">December 18: The government is preparing to stop public vehicles which are more than two decades old to operate on the roads of the country. From the start of the coming Nepali New Year, the movement of such vehicles will be banned by the Department of Transport Management (DoTM).</span></p>

<p>If the government succeeds in implementing this rule, then a total of 10,000 vehicles will not be able to ply the roads. The department will not give route permit to such vehicles, and if found running on the road, it will take action against such vehicles. As per the current provision, public vehicles should renew the route permit in every four months.</p>

<p>The government believes that doing this will stop the sale of old vehicles. Spokesperson of DoTM &nbsp;Dr Tokraj Pandey said that stopping the movement of these vehicles will stop road accidents and reduce air pollution.</p>

<p>The government has already stopped the vehicular movement of vehicles older than 20 years in the Kathmandu Valley. After such move, those vehicles started to run in different rural areas of the country. Meanwhile, this provision is not applicable for electric tempos and micro buses.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6917',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 14 => array(
		'Article' => array(
			'id' => '7135',
			'article_category_id' => '1',
			'title' => 'Process of Importing Petroleum Products from China Stranded',
			'sub_title' => '',
			'summary' => 'December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. ',
			'content' => '<p><span style="font-size:13px">December 18: Government bodies are acting as obstacles in the process of import of petroleum products from China. The process has been stranded despite the Ministry of Supplies (MoS) allowing National Trading Limited (NTL) to enter into petroleum trading with China. The Ministry of Finance (MoF) has not agreed to the decision, according to the Ministry of Supplies.</span></p>

<p>The Ministry of Supplies said that the finance ministry has not taken the issue seriously. &ldquo;Though the MoS had mailed MoF in October, 2016, there has not been any discussion so far,&rdquo; stated MoS.</p>

<p>According to MoS, the file on the subject to allow NTL to enter into petroleum trading was forwarded to the council of ministers. But the council of ministers had demanded approval from MoF. MoS official Urmila KC said, &ldquo;Despite such attempts, the finance ministry is reluctant to initiate the discussion.&rdquo;</p>

<p>MoF stated that the attempt to discuss the subject with concerned officials at MoS has been unsuccessful. NTL&rsquo;s failure to establish itself as a successful corporation and lack of employees in the current situation have stood as the obstacle to hand over such huge responsibility to NTL. &nbsp;&nbsp;&nbsp;</p>

<p>Importing petroleum products from northern neighbor is a big issue. So, the ministry is looking if NTL can handle such responsibility or not, said a source at the Ministry of Finance. Likewise, MoF also said that the issue was out of discussion because of the elections in the country.</p>

<p>The government should also work on maintaining the infrastructure of the country if it is to import petroleum products to be imported from China.</p>

<p>After facing huge loss, the staffers of National Trading were given voluntary retirement.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-12-18',
			'modified' => '2017-12-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6916',
			'image' => null,
			'article_date' => '2017-12-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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