November 19: Jyoti Bikas Bank has opened a branch in Mahottari in an attempt to extend its service to the rural…
November 19: Jyoti Bikas Bank has opened a branch in Mahottari in an attempt to extend its service to the rural…
November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in…
November 19: Ford has introduced a new model in the Nepali…
November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017.…
November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share…
November 19: South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology.…
November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November…
November 17: The production of coffee has grown by seven per…
November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November…
November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17…
November 17: Nepal Bank Ltd completed eight decades of its banking service on…
November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network.…
November 17: Gandaki Bikas Bank has opened a branch at Biratnagar,…
November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower…
November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation…
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Issuing a press statement, the bank said that it has inaugurated a branch at Ramgopalpur Municipality of the district </span><span style="font-family:arial,sans-serif; font-size:16.6667px">on Friday, November 17</span><span style="font-family:arial,sans-serif; font-size:12.5pt">. Ashok Kumar Mandal, mayor of the municipality, and the bank’s chairman Hari Chandra Khadka jointly inaugurated the branch. The bank said had it also opened a branch in Makwanpur last week as per the policy of Nepal Rastra Bank to open branches in all the provinces in the new federal set-up. The bank has been providing services through 46 branches and 14 ATM outlets across the country. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6714', 'image' => '20171119045246_download (1).jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6931', 'article_category_id' => '1', 'title' => 'Care Ratings Nepal receives Operating License from SEBON', 'sub_title' => '', 'summary' => 'November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.', 'content' => '<p>November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.</p> <p>Issuing a press statement, the company said that SEBON’s Deputy Director Niranjaya Ghimire handed over the Credit Rating License to Dr Binod Atreya, director and Sajan Goyal, CEO of CARE Ratings Nepal amid a function at SEBON office on Thursday.</p> <p>The Credit Rating Agency Regulation, 2068 in Nepal states that companies planning to issue ordinary shares, bonds, debentures, and preference shares exceeding Rs 30 million in value have to be rated by a rating agency. The company said that credit rating agencies (CRAs) play an important role in most modern capital markets that assigns credit ratings.</p> <p>“Credit rating is the opinion of the rating agency on the relative ability and willingness of tile issuer of a debt instrument to meet the debt service obligations as and when they arise,” reads the statement issued by CARE Ratings Nepal.</p> <p>“CARE Ratings Nepal will offer all the credit rating services in Nepal like IPO grading, rating of bonds and debentures, issuer ratings, mutual funds rating etc. There are about 200 listed companies, mostly banks and insurance companies in Nepal. The mandatory increase in the share capital of banks and insurance companies over a period of time offers the business opportunity for the rating agencies,” said Sajan Goyal, CEO of CARE Ratings Nepal. </p> <p>CARE Ratings Nepal Limited said it was registered with the Office of Company Registrar in May 2017 with the main objective of providing credit rating services in Nepal. The main promoters of the CARE Ratings Nepal are CARE Ratings India (51% stake) alongwith other shareholders including Vishal Group Ltd (10%), Emerging Nepal Limited (10%) and four banks and insurance companies with 5% each share— Global IME Bank, Nepal Reinsurance Company Ltd, Prudential Insurance Company Ltd, and Life Insurance Corporation Ltd. The other shareholders of the company are individuals.</p> <p> “With the establishment of CARE Ratings Nepal Limited, companies will receive prompt and efficient services at reasonable and competitive cost,” said Binod Atreya, director of CARE Ratings Nepal Limited.</p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6713', 'image' => '20171119031001_download.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6930', 'article_category_id' => '1', 'title' => 'Ford Introduces New EcoSport', 'sub_title' => '', 'summary' => 'November 19: Ford has introduced a new model in the Nepali market.', 'content' => '<p><span style="font-size:13px">November 19: Ford has introduced a new model in the Nepali market. Issuing a press statement, the company said that the new EcoSport has been comprehensively redesigned with more than 1,600 new parts, featuring rugged new looks, sleek interior makeover, a raft of ingenious technologies and a new engine, offering more power and efficiency.</span></p> <p>“The new Ford EcoSport comes with a formidable combination of fun, style and technology,” said Anurag Mehrotra, president and managing director of Ford India.</p> <p>“With its best-in-class power, safety, convenience and value proposition, it delivers significantly more at the same price. It is another game-changing product from Ford that, like its predecessor, raises the bar for compact SUVs.”</p> <p>The new EcoSport builds on the dynamic appeal of its predecessor, starting with a reshaped front, and a large upper trapezoidal grille and lower grille that make it unmistakably a member of the Ford family of SUVs, reads the statement.</p> <p>According to the company, Ford’s design and engineering team spent more than a million hours studying computer fluid dynamics, and more than 200 hours in a wind tunnel refining the aerodynamics of the new model.</p> <p>The new EcoSport’s Ti-VCT petrol engine is smaller, lighter and efficient, the company said. The new petrol engine will deliver segment best 123 PS of power and 150 Nm of torque with a 7% reduction in CO2 emissions and outstanding fuel efficiency of 17 Km/L, reads the statement.</p> <p>For diesel lovers, the model will also be offered with Ford’s trusted and reliable 1.5L TDCi diesel engine that delivers best-in-class 100 PS power and fuel efficiency of 23 Km/L. The diesel motor will come strapped with a five-speed manual transmission.</p> <p>The latest edition of Ford’s globally renowned in-car connectivity system is Apple CarPlay and Android Auto compatible. This allows drivers to make phone calls, access their music, send and receive messages, get directions and more, all while staying focused on the road.</p> <p>Not just connectivity, the model is replete with several technologies to make the drive a lot more convenient, including rain-sensing wipers, automatic headlamps, cruise control, hill launch assist and rear-view parking camera.</p> <p>Continuing its lead on safety, the Ford EcoSport will be the only vehicle in the segment to offer up to six airbags. Dual front driver and passenger side airbags along with Anti-Lock Braking System (ABS) will be offered as standard equipment across all variants.</p> <p>The SUV will also feature Ford’s globally-renowned Emergency Assistance, a potentially technology that calls emergency services from a paired phone to ensure help is always within reach.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6712', 'image' => '20171119022951_Ford-3.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6932', 'article_category_id' => '1', 'title' => 'Outreach Nepal Reaches Final', 'sub_title' => '', 'summary' => 'November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. ', 'content' => '<p><span style="font-size:13px">November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. The Agency of the Year competition is the region’s most prestigious award, rewarding advertising companies and individuals that have helped in contributing to raise industry standards and also excelled in business performance, reads a press statement issued by the company.</span></p> <p>For over two decades, Campaign Asia-Pacific’s Agency of the Year awards have recognized inspired leadership, management excellence, outstanding business performance and overall achievements in Asia-Pacific’s advertising and communications industries. The prestigious Agency of the Year competition will recognize excellence in the region through multiple regional competitions.</p> <p>The aim of these awards is to reward the industry’s top performers in the region. They are designed to allow agencies – big or small – and talents to shine within the local market and region, with the opportunity of recognition at an Asia Pacific level.</p> <p>Last year Outreach Nepal won anAnchor award in the “South Asia Independent agency of the Year 2016” at the event held in Mumbai. This is the third consecutive year that Outreach Nepal has been shortlisted among the finalists in the segment. </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6711', 'image' => '20171119040700_Clipboard01.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6929', 'article_category_id' => '1', 'title' => 'Everest Bank to Issue 33 Percent Bonus Share', 'sub_title' => '', 'summary' => 'November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders.', 'content' => '<p><span style="font-size:13px">November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders. Issuing a press statement, the bank said that its paid-up capital will rise to more than Rs 8 billion after issuing the shares. However, the issuance of 33 percent bonus share is subject to approval of Nepal Rastra Bank and the shareholders in the ensuing Annual General Meeting, reads the statement. The board meeting also approved the audited balance sheet and NFRS balance sheet of the last fiscal year. The bank said it is rendering services through its network of 64 branches, two extension counters, 28 revenue collection counters, 94 ATMs and many correspondents across the globe. The bank also announced that it is shortly opening 16 new branches and five extension counters.</span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6710', 'image' => '20171119015036_Logo-Everest bank.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6928', 'article_category_id' => '1', 'title' => 'Samsung Team from Korea Organise Samsung Employee Volunteer Program', 'sub_title' => '', 'summary' => 'November 19: South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. ', 'content' => '<p><span style="font-size:13px"></span><strong style="font-size:13px">November 19: </strong><span style="font-size:13px">South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. A team of 26 Samsung employees came from Korea and participated in the program alongside the Samsung Nepal employees, reads a press statement issued by the company.</span></p> <p>In an effort to help aspiring women entrepreneurs, the Samsung Team said it organized a special Women Entrepreneurship Program where they carried out graphic designing and Photoshop classes for them.</p> <p>The Samsung Team also imparted IT education to around 100 Nepali students and trained 10 computer teachers from seven different schools. The IT equipment that were being used for the training were all brought from Korea and were donated to the school upon completion of the program. Samsung estimates that approximately 7,000 students will benefit from equipment handed over the schools.</p> <p>The workshop started on the November 11 and concluded on November 17.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6709', 'image' => '20171119014027_samsung-logo-191-1.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6927', 'article_category_id' => '1', 'title' => 'Maoist Center Chairman Dahal's son Passes Away ', 'sub_title' => '', 'summary' => 'November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19.', 'content' => '<p><span style="font-family:arial,sans-serif; font-size:12.5pt">November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19. He was brought to Thapathali-based Norvic Hospital in an unconscious state at 4 in the morning. A hospital source informed New Business Age that Prakash Dahal passed away soon after he was brought to the hospital. After the news of the sudden demise of Dahal junior spread, Maoist cadres and journalists started gathering around the hospital in large number. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6708', 'image' => '20171119123024_c5e95c8be5e49b1242bfc9bf1c9af485.jpeg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6925', 'article_category_id' => '1', 'title' => 'Coffee Production up by Seven percent', 'sub_title' => '', 'summary' => 'November 17: The production of coffee has grown by seven per cent.', 'content' => '<p><span style="font-size:13px">November 17: The production of coffee has grown by seven per cent.</span></p> <p>“The growing concern from the government, private and corporate sectors in coffee production led to the increase in coffee production for the FY 2073/2074,” shared Sheshkant Gautam, executive director of National Tea and Coffee Development Board. Gautam said that in the last FY, 466 tons of coffee was produced. In the previous year, only 434 tons of coffee was produced.</p> <p>According to Gautam, in the previous year, coffee was produced in 2,618 hectares of land whereas last year, the production area increased to 2,646 hectares. Along with the area, many promotional activities done to promote coffee contributed to the increase in production. Of late, the government had declared coffee plantation year and planted 7,00,000 standard seeds of coffee.</p> <p>Also, Gautam said that the National Export Strategy was also prepared a while ago in collaboration with the International Trade Centre and the Ministry of Commerce. He shared that the strategy is ready and this will play a vital role to increase the export of coffee. Nepal is already a member of the International Coffee Organisation. </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6707', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6924', 'article_category_id' => '1', 'title' => 'Construction of Melamchi’s Water Treatment Plant completes', 'sub_title' => '', 'summary' => 'November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17.', 'content' => '<p><span style="font-size:13px">November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17. The treatment plant has been constructed with a loan support of Rs 5.07 billion from Japan International Cooperation Agency (JICA).</span></p> <p>According to a press statement issued by JICA, the plant can purify a total of 85 million liters of water per day for the citizens of the Kathmandu Valley. The treatment plant will start its operation in full capacity once the construction of the tunnel work of the MWSP completes.</p> <p>“The water purified in the plant will meet all the standards as it is built with advanced technology and has adopted rapid sand filtration system with coagulation-sedimentation process,” reads the statement.</p> <p>The WTP has a mini hydro plant which generates 200 KW of electricity. The mini hydro plant helps to operate the WTP. The statement further reads that the test operation of the WTP begun during the monsoon season by using water from the Bagmati River, and is already completed.</p> <p>“The plant is now ready to treat 85-million liters water per day from the Melamchi River. The structure will be formally handed over from the contractor to the Melamchi Water Supply Development Board after completion of some miscellaneous works,” the statement added.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6706', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6926', 'article_category_id' => '1', 'title' => 'Siddhartha Rana Tops the List of Income Taxpayers', 'sub_title' => '', 'summary' => 'November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .', 'content' => '<p><span style="font-size:13px">November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .</span></p> <p>Chief Secretary Lok Darshan Regmi and Finance Secretary Sankhar Adhikari jointly honored top 15 tax payers of the country in different headings, amid a program organised by the Inland Revenue Department (IRD).</p> <p>Siddhartha Shumsher Rana, who is the president of Sipradi Trading Pvt Ltd, bagged the award for paying highest amount of income tax in individual category. He was awarded for the third time in a row. Similarly, Sipradi Trading Pvt Ltd had paid the highest amount of income tax in the Fiscal Year 2016/2017, among the companies.</p> <p>Likewise, Pawan Kumar International had paid the highest amount of value added tax (VAT) in the last fiscal year. Surya Nepal Pvt Ltd, which manufactures products ranging from cigarettes to readymade garments, bagged the award for being the highest taxpayer in the last fiscal year.</p> <p>According to the IRD, Himlayan Bank was honored for being the highest taxpayer among banks and financial institutions. Likewise, Nepal Re-Insurance Company and WorldLink Communications also bagged the award for being the highest taxpayers among life insurance companies and technology companies respectively.</p> <p>Dr Upendra Devkota and Gorkha Development Bank were also announced as highest taxpayers among small income taxpayers and medium income taxpayers respectively. Similarly, the government honored Triyog High School and Tiger Tops Pvt Ltd for being highest taxpayers among health and education sector, and tourism industry respectively.</p> <p>Below is the complete list of individuals and companies awarded by the government in various categories:</p> <table border="1" cellpadding="0" cellspacing="0" style="width:595px"> <tbody> <tr> <td style="width:49px"> <p>S.N.</p> </td> <td style="width:318px"> <p>Categories</p> </td> <td style="width:228px"> <p>Awardees</p> </td> </tr> <tr> <td style="height:24px; width:49px"> <p>1.</p> </td> <td style="height:24px; width:318px"> <p>Company</p> </td> <td style="height:24px; width:228px"> <p>Surya Nepal Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>2.</p> </td> <td style="width:318px"> <p>Exporter</p> </td> <td style="width:228px"> <p>Verscend Technology Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>3.</p> </td> <td style="width:318px"> <p>Industrial Sector</p> </td> <td style="width:228px"> <p>Himal Power Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>4.</p> </td> <td style="width:318px"> <p>Agriculture and Livestock</p> </td> <td style="width:228px"> <p>National Seed Company</p> </td> </tr> <tr> <td style="height:29px; width:49px"> <p>5.</p> </td> <td style="height:29px; width:318px"> <p>Co-operative</p> </td> <td style="height:29px; width:228px"> <p>Rastriya Shakari Bank</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>6.</p> </td> <td style="height:23px; width:318px"> <p>BFIs</p> </td> <td style="height:23px; width:228px"> <p>Himalayan Bank</p> </td> </tr> <tr> <td style="height:41px; width:49px"> <p>7.</p> </td> <td style="height:41px; width:318px"> <p>Insurance Company</p> </td> <td style="height:41px; width:228px"> <p>Nepal Re-Insurance Company Ltd</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>8.</p> </td> <td style="height:23px; width:318px"> <p>Health and Education</p> </td> <td style="height:23px; width:228px"> <p>Triyog High School</p> </td> </tr> <tr> <td style="width:49px"> <p>9.</p> </td> <td style="width:318px"> <p>Information and Technology</p> </td> <td style="width:228px"> <p>WorldLink Communications</p> </td> </tr> <tr> <td style="width:49px"> <p>10.</p> </td> <td style="width:318px"> <p>Tourism</p> </td> <td style="width:228px"> <p>Tiger Tops</p> </td> </tr> <tr> <td style="height:28px; width:49px"> <p>11.</p> </td> <td style="height:28px; width:318px"> <p>Trading Company</p> </td> <td style="height:28px; width:228px"> <p>Sipradi Trading Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>12.</p> </td> <td style="width:318px"> <p>Small Tax Payer</p> </td> <td style="width:228px"> <p>Dr Upendra Devkota</p> </td> </tr> <tr> <td style="width:49px"> <p>13.</p> </td> <td style="width:318px"> <p>Medium Tax Payer</p> </td> <td style="width:228px"> <p>Gorkha Development Bank (Nepal) Pvt Ltd</p> </td> </tr> <tr> <td style="height:44px; width:49px"> <p>14=</p> </td> <td style="height:44px; width:318px"> <p>Personal Tax Payer</p> </td> <td style="height:44px; width:228px"> <p>Siddhartha Shumsher JB Rana</p> </td> </tr> <tr> <td style="width:49px"> <p>15.</p> </td> <td style="width:318px"> <p>Highest VAT Payer</p> </td> <td style="width:228px"> <p>Pawan Kumar International</p> </td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6705', 'image' => '20171117052121_tax.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6923', 'article_category_id' => '1', 'title' => 'Nepal Bank Celebrates 81st Anniversary', 'sub_title' => '', 'summary' => 'November 17: Nepal Bank Ltd completed eight decades of its banking service on Thursday.', 'content' => '<p><strong style="font-size:13px">November 17: Nepal Bank Ltd completed eight decades of its banking service </strong><strong style="font-size:13px">on Thursday</strong><strong style="font-size:13px">. Issuing a press statement, the bank said that it organised a blood donation, diabetes test, among other programmes on the occasion of its anniversary. “A total of 106 people including bank staffers and general public donated blood in the event,” the bank said in the statement. Similarly, a total of 150 people attended the diabetes test programme, which was organised in collaboration with Lions Club of Putalisadak.</strong></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6704', 'image' => '20171117030841_nepal bank.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6922', 'article_category_id' => '1', 'title' => 'Sanima signs Agreement with Ex-Im Bank of India', 'sub_title' => '', 'summary' => 'November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. ', 'content' => '<p><span style="font-size:13px">November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. As per the agreement, the remittance sent from India can be received from any branch of Sanima Bank. Sanima’s Chief Finance Officer Saroj Guragain and Ex-Im Bank’s financial group’s CEO Ashok Gautam signed the agreement amid a function, reads a press statement issued by the bank.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6703', 'image' => '20171117030619_sanima.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6921', 'article_category_id' => '1', 'title' => 'Gandaki Opens Branch in Biratnagar', 'sub_title' => '', 'summary' => 'November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang.', 'content' => '<p><span style="font-size:13px">November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang. Biratnagar’s Mayor Bhim Parajuli inaugurated the branch amid a function on Thursday, November 16. The bank’s chairman Janak Bahadur Gurung said that the bank added a branch in Biratnagar as per its policy to extend its services to places lacking financial service. The bank’s deputy CEO Chabindra Sharma shed light on the bank’s financial status, services and other activities during the programme.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6702', 'image' => '20171117025751_gand.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6920', 'article_category_id' => '1', 'title' => 'NEA and China’s Three Gorges Sign JVA for West Seti Project', 'sub_title' => '', 'summary' => 'November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.', 'content' => '<p><span style="font-size:13px">November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.</span></p> <p>Kulman Ghising, executive director at NEA, and representative from CTGC signed the agreement on Thursday, November 17.</p> <p>“The agreement to jointly invest and establish a company has been done after 10 months of preliminary agreement,” said Prabal Adhikari, spokesperson of NEA.</p> <p>According to the agreement, Three Gorges and NEA will have 75 and 25 percent investment respectively in the project. The technical team of the company has already studied the geological aspects of the project. The project will impact places like Doti, Baitadi, Bajhang and Dadeldura. Locals of the areas have been waiting for the project to start because of which they have not been able to complete general development works in their localities.</p> <p>The estimated cost of the project is Rs 160 billion. If the NEA fails to collect 25 percent of amount for the project, the state-owned utility can take loan from Ex-Im Bank of China. </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6701', 'image' => '20171117024635_jv.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6919', 'article_category_id' => '1', 'title' => 'Construction of Pokhara International Airport begins', 'sub_title' => '', 'summary' => 'November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.', 'content' => '<p><span style="font-size:13px">November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.</span></p> <p>The airport will be built by a Chinese company, CAMC Engineering, with a loan support of Rs 22 billion from Ex-Im Bank of China. As per the contract with the Chinese company, the construction of the project should be complete by the end of June 2021.</p> <p>According to Pradip Adhikari, a chief engineer at the project, all of the equipment like dozers, excavators, loaders, tippers, among others have already been brought to the construction site.</p> <p>“There are more than one dozen equipment and 100 workers for the construction works,” he added.</p> <p>Once the construction gets completed, aircrafts like Boeing-757, Airbus-320, among others can operate from the airport. The runway of the airport will be 2,500 meters long, and 45 meters wide. A total of 6,935 ropanis of land has been acquired by the government for the construction of the airport.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6700', 'image' => '20171117024539_pokhara.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6933', 'article_category_id' => '1', 'title' => 'Jyoti Bikas Bank Opens Branch in Mahottari', 'sub_title' => '', 'summary' => 'November 19: Jyoti Bikas Bank has opened a branch in Mahottari in an attempt to extend its service to the rural areas.', 'content' => '<p><span style="font-family:arial,sans-serif; font-size:12.5pt">November 19: Jyoti Bikas Bank has opened a branch in Mahottari in an attempt to extend its service to the rural areas. Issuing a press statement, the bank said that it has inaugurated a branch at Ramgopalpur Municipality of the district </span><span style="font-family:arial,sans-serif; font-size:16.6667px">on Friday, November 17</span><span style="font-family:arial,sans-serif; font-size:12.5pt">. Ashok Kumar Mandal, mayor of the municipality, and the bank’s chairman Hari Chandra Khadka jointly inaugurated the branch. The bank said had it also opened a branch in Makwanpur last week as per the policy of Nepal Rastra Bank to open branches in all the provinces in the new federal set-up. The bank has been providing services through 46 branches and 14 ATM outlets across the country. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6714', 'image' => '20171119045246_download (1).jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6931', 'article_category_id' => '1', 'title' => 'Care Ratings Nepal receives Operating License from SEBON', 'sub_title' => '', 'summary' => 'November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.', 'content' => '<p>November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.</p> <p>Issuing a press statement, the company said that SEBON’s Deputy Director Niranjaya Ghimire handed over the Credit Rating License to Dr Binod Atreya, director and Sajan Goyal, CEO of CARE Ratings Nepal amid a function at SEBON office on Thursday.</p> <p>The Credit Rating Agency Regulation, 2068 in Nepal states that companies planning to issue ordinary shares, bonds, debentures, and preference shares exceeding Rs 30 million in value have to be rated by a rating agency. The company said that credit rating agencies (CRAs) play an important role in most modern capital markets that assigns credit ratings.</p> <p>“Credit rating is the opinion of the rating agency on the relative ability and willingness of tile issuer of a debt instrument to meet the debt service obligations as and when they arise,” reads the statement issued by CARE Ratings Nepal.</p> <p>“CARE Ratings Nepal will offer all the credit rating services in Nepal like IPO grading, rating of bonds and debentures, issuer ratings, mutual funds rating etc. There are about 200 listed companies, mostly banks and insurance companies in Nepal. The mandatory increase in the share capital of banks and insurance companies over a period of time offers the business opportunity for the rating agencies,” said Sajan Goyal, CEO of CARE Ratings Nepal. </p> <p>CARE Ratings Nepal Limited said it was registered with the Office of Company Registrar in May 2017 with the main objective of providing credit rating services in Nepal. The main promoters of the CARE Ratings Nepal are CARE Ratings India (51% stake) alongwith other shareholders including Vishal Group Ltd (10%), Emerging Nepal Limited (10%) and four banks and insurance companies with 5% each share— Global IME Bank, Nepal Reinsurance Company Ltd, Prudential Insurance Company Ltd, and Life Insurance Corporation Ltd. The other shareholders of the company are individuals.</p> <p> “With the establishment of CARE Ratings Nepal Limited, companies will receive prompt and efficient services at reasonable and competitive cost,” said Binod Atreya, director of CARE Ratings Nepal Limited.</p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6713', 'image' => '20171119031001_download.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6930', 'article_category_id' => '1', 'title' => 'Ford Introduces New EcoSport', 'sub_title' => '', 'summary' => 'November 19: Ford has introduced a new model in the Nepali market.', 'content' => '<p><span style="font-size:13px">November 19: Ford has introduced a new model in the Nepali market. Issuing a press statement, the company said that the new EcoSport has been comprehensively redesigned with more than 1,600 new parts, featuring rugged new looks, sleek interior makeover, a raft of ingenious technologies and a new engine, offering more power and efficiency.</span></p> <p>“The new Ford EcoSport comes with a formidable combination of fun, style and technology,” said Anurag Mehrotra, president and managing director of Ford India.</p> <p>“With its best-in-class power, safety, convenience and value proposition, it delivers significantly more at the same price. It is another game-changing product from Ford that, like its predecessor, raises the bar for compact SUVs.”</p> <p>The new EcoSport builds on the dynamic appeal of its predecessor, starting with a reshaped front, and a large upper trapezoidal grille and lower grille that make it unmistakably a member of the Ford family of SUVs, reads the statement.</p> <p>According to the company, Ford’s design and engineering team spent more than a million hours studying computer fluid dynamics, and more than 200 hours in a wind tunnel refining the aerodynamics of the new model.</p> <p>The new EcoSport’s Ti-VCT petrol engine is smaller, lighter and efficient, the company said. The new petrol engine will deliver segment best 123 PS of power and 150 Nm of torque with a 7% reduction in CO2 emissions and outstanding fuel efficiency of 17 Km/L, reads the statement.</p> <p>For diesel lovers, the model will also be offered with Ford’s trusted and reliable 1.5L TDCi diesel engine that delivers best-in-class 100 PS power and fuel efficiency of 23 Km/L. The diesel motor will come strapped with a five-speed manual transmission.</p> <p>The latest edition of Ford’s globally renowned in-car connectivity system is Apple CarPlay and Android Auto compatible. This allows drivers to make phone calls, access their music, send and receive messages, get directions and more, all while staying focused on the road.</p> <p>Not just connectivity, the model is replete with several technologies to make the drive a lot more convenient, including rain-sensing wipers, automatic headlamps, cruise control, hill launch assist and rear-view parking camera.</p> <p>Continuing its lead on safety, the Ford EcoSport will be the only vehicle in the segment to offer up to six airbags. Dual front driver and passenger side airbags along with Anti-Lock Braking System (ABS) will be offered as standard equipment across all variants.</p> <p>The SUV will also feature Ford’s globally-renowned Emergency Assistance, a potentially technology that calls emergency services from a paired phone to ensure help is always within reach.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6712', 'image' => '20171119022951_Ford-3.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6932', 'article_category_id' => '1', 'title' => 'Outreach Nepal Reaches Final', 'sub_title' => '', 'summary' => 'November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. ', 'content' => '<p><span style="font-size:13px">November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. The Agency of the Year competition is the region’s most prestigious award, rewarding advertising companies and individuals that have helped in contributing to raise industry standards and also excelled in business performance, reads a press statement issued by the company.</span></p> <p>For over two decades, Campaign Asia-Pacific’s Agency of the Year awards have recognized inspired leadership, management excellence, outstanding business performance and overall achievements in Asia-Pacific’s advertising and communications industries. The prestigious Agency of the Year competition will recognize excellence in the region through multiple regional competitions.</p> <p>The aim of these awards is to reward the industry’s top performers in the region. They are designed to allow agencies – big or small – and talents to shine within the local market and region, with the opportunity of recognition at an Asia Pacific level.</p> <p>Last year Outreach Nepal won anAnchor award in the “South Asia Independent agency of the Year 2016” at the event held in Mumbai. This is the third consecutive year that Outreach Nepal has been shortlisted among the finalists in the segment. </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6711', 'image' => '20171119040700_Clipboard01.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6929', 'article_category_id' => '1', 'title' => 'Everest Bank to Issue 33 Percent Bonus Share', 'sub_title' => '', 'summary' => 'November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders.', 'content' => '<p><span style="font-size:13px">November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders. Issuing a press statement, the bank said that its paid-up capital will rise to more than Rs 8 billion after issuing the shares. However, the issuance of 33 percent bonus share is subject to approval of Nepal Rastra Bank and the shareholders in the ensuing Annual General Meeting, reads the statement. The board meeting also approved the audited balance sheet and NFRS balance sheet of the last fiscal year. The bank said it is rendering services through its network of 64 branches, two extension counters, 28 revenue collection counters, 94 ATMs and many correspondents across the globe. The bank also announced that it is shortly opening 16 new branches and five extension counters.</span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6710', 'image' => '20171119015036_Logo-Everest bank.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6928', 'article_category_id' => '1', 'title' => 'Samsung Team from Korea Organise Samsung Employee Volunteer Program', 'sub_title' => '', 'summary' => 'November 19: South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. ', 'content' => '<p><span style="font-size:13px"></span><strong style="font-size:13px">November 19: </strong><span style="font-size:13px">South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. A team of 26 Samsung employees came from Korea and participated in the program alongside the Samsung Nepal employees, reads a press statement issued by the company.</span></p> <p>In an effort to help aspiring women entrepreneurs, the Samsung Team said it organized a special Women Entrepreneurship Program where they carried out graphic designing and Photoshop classes for them.</p> <p>The Samsung Team also imparted IT education to around 100 Nepali students and trained 10 computer teachers from seven different schools. The IT equipment that were being used for the training were all brought from Korea and were donated to the school upon completion of the program. Samsung estimates that approximately 7,000 students will benefit from equipment handed over the schools.</p> <p>The workshop started on the November 11 and concluded on November 17.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6709', 'image' => '20171119014027_samsung-logo-191-1.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6927', 'article_category_id' => '1', 'title' => 'Maoist Center Chairman Dahal's son Passes Away ', 'sub_title' => '', 'summary' => 'November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19.', 'content' => '<p><span style="font-family:arial,sans-serif; font-size:12.5pt">November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19. He was brought to Thapathali-based Norvic Hospital in an unconscious state at 4 in the morning. A hospital source informed New Business Age that Prakash Dahal passed away soon after he was brought to the hospital. After the news of the sudden demise of Dahal junior spread, Maoist cadres and journalists started gathering around the hospital in large number. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6708', 'image' => '20171119123024_c5e95c8be5e49b1242bfc9bf1c9af485.jpeg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6925', 'article_category_id' => '1', 'title' => 'Coffee Production up by Seven percent', 'sub_title' => '', 'summary' => 'November 17: The production of coffee has grown by seven per cent.', 'content' => '<p><span style="font-size:13px">November 17: The production of coffee has grown by seven per cent.</span></p> <p>“The growing concern from the government, private and corporate sectors in coffee production led to the increase in coffee production for the FY 2073/2074,” shared Sheshkant Gautam, executive director of National Tea and Coffee Development Board. Gautam said that in the last FY, 466 tons of coffee was produced. In the previous year, only 434 tons of coffee was produced.</p> <p>According to Gautam, in the previous year, coffee was produced in 2,618 hectares of land whereas last year, the production area increased to 2,646 hectares. Along with the area, many promotional activities done to promote coffee contributed to the increase in production. Of late, the government had declared coffee plantation year and planted 7,00,000 standard seeds of coffee.</p> <p>Also, Gautam said that the National Export Strategy was also prepared a while ago in collaboration with the International Trade Centre and the Ministry of Commerce. He shared that the strategy is ready and this will play a vital role to increase the export of coffee. Nepal is already a member of the International Coffee Organisation. </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6707', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6924', 'article_category_id' => '1', 'title' => 'Construction of Melamchi’s Water Treatment Plant completes', 'sub_title' => '', 'summary' => 'November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17.', 'content' => '<p><span style="font-size:13px">November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17. The treatment plant has been constructed with a loan support of Rs 5.07 billion from Japan International Cooperation Agency (JICA).</span></p> <p>According to a press statement issued by JICA, the plant can purify a total of 85 million liters of water per day for the citizens of the Kathmandu Valley. The treatment plant will start its operation in full capacity once the construction of the tunnel work of the MWSP completes.</p> <p>“The water purified in the plant will meet all the standards as it is built with advanced technology and has adopted rapid sand filtration system with coagulation-sedimentation process,” reads the statement.</p> <p>The WTP has a mini hydro plant which generates 200 KW of electricity. The mini hydro plant helps to operate the WTP. The statement further reads that the test operation of the WTP begun during the monsoon season by using water from the Bagmati River, and is already completed.</p> <p>“The plant is now ready to treat 85-million liters water per day from the Melamchi River. The structure will be formally handed over from the contractor to the Melamchi Water Supply Development Board after completion of some miscellaneous works,” the statement added.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6706', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6926', 'article_category_id' => '1', 'title' => 'Siddhartha Rana Tops the List of Income Taxpayers', 'sub_title' => '', 'summary' => 'November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .', 'content' => '<p><span style="font-size:13px">November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .</span></p> <p>Chief Secretary Lok Darshan Regmi and Finance Secretary Sankhar Adhikari jointly honored top 15 tax payers of the country in different headings, amid a program organised by the Inland Revenue Department (IRD).</p> <p>Siddhartha Shumsher Rana, who is the president of Sipradi Trading Pvt Ltd, bagged the award for paying highest amount of income tax in individual category. He was awarded for the third time in a row. Similarly, Sipradi Trading Pvt Ltd had paid the highest amount of income tax in the Fiscal Year 2016/2017, among the companies.</p> <p>Likewise, Pawan Kumar International had paid the highest amount of value added tax (VAT) in the last fiscal year. Surya Nepal Pvt Ltd, which manufactures products ranging from cigarettes to readymade garments, bagged the award for being the highest taxpayer in the last fiscal year.</p> <p>According to the IRD, Himlayan Bank was honored for being the highest taxpayer among banks and financial institutions. Likewise, Nepal Re-Insurance Company and WorldLink Communications also bagged the award for being the highest taxpayers among life insurance companies and technology companies respectively.</p> <p>Dr Upendra Devkota and Gorkha Development Bank were also announced as highest taxpayers among small income taxpayers and medium income taxpayers respectively. Similarly, the government honored Triyog High School and Tiger Tops Pvt Ltd for being highest taxpayers among health and education sector, and tourism industry respectively.</p> <p>Below is the complete list of individuals and companies awarded by the government in various categories:</p> <table border="1" cellpadding="0" cellspacing="0" style="width:595px"> <tbody> <tr> <td style="width:49px"> <p>S.N.</p> </td> <td style="width:318px"> <p>Categories</p> </td> <td style="width:228px"> <p>Awardees</p> </td> </tr> <tr> <td style="height:24px; width:49px"> <p>1.</p> </td> <td style="height:24px; width:318px"> <p>Company</p> </td> <td style="height:24px; width:228px"> <p>Surya Nepal Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>2.</p> </td> <td style="width:318px"> <p>Exporter</p> </td> <td style="width:228px"> <p>Verscend Technology Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>3.</p> </td> <td style="width:318px"> <p>Industrial Sector</p> </td> <td style="width:228px"> <p>Himal Power Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>4.</p> </td> <td style="width:318px"> <p>Agriculture and Livestock</p> </td> <td style="width:228px"> <p>National Seed Company</p> </td> </tr> <tr> <td style="height:29px; width:49px"> <p>5.</p> </td> <td style="height:29px; width:318px"> <p>Co-operative</p> </td> <td style="height:29px; width:228px"> <p>Rastriya Shakari Bank</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>6.</p> </td> <td style="height:23px; width:318px"> <p>BFIs</p> </td> <td style="height:23px; width:228px"> <p>Himalayan Bank</p> </td> </tr> <tr> <td style="height:41px; width:49px"> <p>7.</p> </td> <td style="height:41px; width:318px"> <p>Insurance Company</p> </td> <td style="height:41px; width:228px"> <p>Nepal Re-Insurance Company Ltd</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>8.</p> </td> <td style="height:23px; width:318px"> <p>Health and Education</p> </td> <td style="height:23px; width:228px"> <p>Triyog High School</p> </td> </tr> <tr> <td style="width:49px"> <p>9.</p> </td> <td style="width:318px"> <p>Information and Technology</p> </td> <td style="width:228px"> <p>WorldLink Communications</p> </td> </tr> <tr> <td style="width:49px"> <p>10.</p> </td> <td style="width:318px"> <p>Tourism</p> </td> <td style="width:228px"> <p>Tiger Tops</p> </td> </tr> <tr> <td style="height:28px; width:49px"> <p>11.</p> </td> <td style="height:28px; width:318px"> <p>Trading Company</p> </td> <td style="height:28px; width:228px"> <p>Sipradi Trading Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>12.</p> </td> <td style="width:318px"> <p>Small Tax Payer</p> </td> <td style="width:228px"> <p>Dr Upendra Devkota</p> </td> </tr> <tr> <td style="width:49px"> <p>13.</p> </td> <td style="width:318px"> <p>Medium Tax Payer</p> </td> <td style="width:228px"> <p>Gorkha Development Bank (Nepal) Pvt Ltd</p> </td> </tr> <tr> <td style="height:44px; width:49px"> <p>14=</p> </td> <td style="height:44px; width:318px"> <p>Personal Tax Payer</p> </td> <td style="height:44px; width:228px"> <p>Siddhartha Shumsher JB Rana</p> </td> </tr> <tr> <td style="width:49px"> <p>15.</p> </td> <td style="width:318px"> <p>Highest VAT Payer</p> </td> <td style="width:228px"> <p>Pawan Kumar International</p> </td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6705', 'image' => '20171117052121_tax.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6923', 'article_category_id' => '1', 'title' => 'Nepal Bank Celebrates 81st Anniversary', 'sub_title' => '', 'summary' => 'November 17: Nepal Bank Ltd completed eight decades of its banking service on Thursday.', 'content' => '<p><strong style="font-size:13px">November 17: Nepal Bank Ltd completed eight decades of its banking service </strong><strong style="font-size:13px">on Thursday</strong><strong style="font-size:13px">. Issuing a press statement, the bank said that it organised a blood donation, diabetes test, among other programmes on the occasion of its anniversary. “A total of 106 people including bank staffers and general public donated blood in the event,” the bank said in the statement. Similarly, a total of 150 people attended the diabetes test programme, which was organised in collaboration with Lions Club of Putalisadak.</strong></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6704', 'image' => '20171117030841_nepal bank.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6922', 'article_category_id' => '1', 'title' => 'Sanima signs Agreement with Ex-Im Bank of India', 'sub_title' => '', 'summary' => 'November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. ', 'content' => '<p><span style="font-size:13px">November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. As per the agreement, the remittance sent from India can be received from any branch of Sanima Bank. Sanima’s Chief Finance Officer Saroj Guragain and Ex-Im Bank’s financial group’s CEO Ashok Gautam signed the agreement amid a function, reads a press statement issued by the bank.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6703', 'image' => '20171117030619_sanima.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6921', 'article_category_id' => '1', 'title' => 'Gandaki Opens Branch in Biratnagar', 'sub_title' => '', 'summary' => 'November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang.', 'content' => '<p><span style="font-size:13px">November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang. Biratnagar’s Mayor Bhim Parajuli inaugurated the branch amid a function on Thursday, November 16. The bank’s chairman Janak Bahadur Gurung said that the bank added a branch in Biratnagar as per its policy to extend its services to places lacking financial service. The bank’s deputy CEO Chabindra Sharma shed light on the bank’s financial status, services and other activities during the programme.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6702', 'image' => '20171117025751_gand.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6920', 'article_category_id' => '1', 'title' => 'NEA and China’s Three Gorges Sign JVA for West Seti Project', 'sub_title' => '', 'summary' => 'November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.', 'content' => '<p><span style="font-size:13px">November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.</span></p> <p>Kulman Ghising, executive director at NEA, and representative from CTGC signed the agreement on Thursday, November 17.</p> <p>“The agreement to jointly invest and establish a company has been done after 10 months of preliminary agreement,” said Prabal Adhikari, spokesperson of NEA.</p> <p>According to the agreement, Three Gorges and NEA will have 75 and 25 percent investment respectively in the project. The technical team of the company has already studied the geological aspects of the project. The project will impact places like Doti, Baitadi, Bajhang and Dadeldura. Locals of the areas have been waiting for the project to start because of which they have not been able to complete general development works in their localities.</p> <p>The estimated cost of the project is Rs 160 billion. If the NEA fails to collect 25 percent of amount for the project, the state-owned utility can take loan from Ex-Im Bank of China. </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6701', 'image' => '20171117024635_jv.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6919', 'article_category_id' => '1', 'title' => 'Construction of Pokhara International Airport begins', 'sub_title' => '', 'summary' => 'November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.', 'content' => '<p><span style="font-size:13px">November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.</span></p> <p>The airport will be built by a Chinese company, CAMC Engineering, with a loan support of Rs 22 billion from Ex-Im Bank of China. As per the contract with the Chinese company, the construction of the project should be complete by the end of June 2021.</p> <p>According to Pradip Adhikari, a chief engineer at the project, all of the equipment like dozers, excavators, loaders, tippers, among others have already been brought to the construction site.</p> <p>“There are more than one dozen equipment and 100 workers for the construction works,” he added.</p> <p>Once the construction gets completed, aircrafts like Boeing-757, Airbus-320, among others can operate from the airport. The runway of the airport will be 2,500 meters long, and 45 meters wide. A total of 6,935 ropanis of land has been acquired by the government for the construction of the airport.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6700', 'image' => '20171117024539_pokhara.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6933', 'article_category_id' => '1', 'title' => 'Jyoti Bikas Bank Opens Branch in Mahottari', 'sub_title' => '', 'summary' => 'November 19: Jyoti Bikas Bank has opened a branch in Mahottari in an attempt to extend its service to the rural areas.', 'content' => '<p><span style="font-family:arial,sans-serif; font-size:12.5pt">November 19: Jyoti Bikas Bank has opened a branch in Mahottari in an attempt to extend its service to the rural areas. Issuing a press statement, the bank said that it has inaugurated a branch at Ramgopalpur Municipality of the district </span><span style="font-family:arial,sans-serif; font-size:16.6667px">on Friday, November 17</span><span style="font-family:arial,sans-serif; font-size:12.5pt">. Ashok Kumar Mandal, mayor of the municipality, and the bank’s chairman Hari Chandra Khadka jointly inaugurated the branch. The bank said had it also opened a branch in Makwanpur last week as per the policy of Nepal Rastra Bank to open branches in all the provinces in the new federal set-up. The bank has been providing services through 46 branches and 14 ATM outlets across the country. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6714', 'image' => '20171119045246_download (1).jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6931', 'article_category_id' => '1', 'title' => 'Care Ratings Nepal receives Operating License from SEBON', 'sub_title' => '', 'summary' => 'November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.', 'content' => '<p>November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.</p> <p>Issuing a press statement, the company said that SEBON’s Deputy Director Niranjaya Ghimire handed over the Credit Rating License to Dr Binod Atreya, director and Sajan Goyal, CEO of CARE Ratings Nepal amid a function at SEBON office on Thursday.</p> <p>The Credit Rating Agency Regulation, 2068 in Nepal states that companies planning to issue ordinary shares, bonds, debentures, and preference shares exceeding Rs 30 million in value have to be rated by a rating agency. The company said that credit rating agencies (CRAs) play an important role in most modern capital markets that assigns credit ratings.</p> <p>“Credit rating is the opinion of the rating agency on the relative ability and willingness of tile issuer of a debt instrument to meet the debt service obligations as and when they arise,” reads the statement issued by CARE Ratings Nepal.</p> <p>“CARE Ratings Nepal will offer all the credit rating services in Nepal like IPO grading, rating of bonds and debentures, issuer ratings, mutual funds rating etc. There are about 200 listed companies, mostly banks and insurance companies in Nepal. The mandatory increase in the share capital of banks and insurance companies over a period of time offers the business opportunity for the rating agencies,” said Sajan Goyal, CEO of CARE Ratings Nepal. </p> <p>CARE Ratings Nepal Limited said it was registered with the Office of Company Registrar in May 2017 with the main objective of providing credit rating services in Nepal. The main promoters of the CARE Ratings Nepal are CARE Ratings India (51% stake) alongwith other shareholders including Vishal Group Ltd (10%), Emerging Nepal Limited (10%) and four banks and insurance companies with 5% each share— Global IME Bank, Nepal Reinsurance Company Ltd, Prudential Insurance Company Ltd, and Life Insurance Corporation Ltd. The other shareholders of the company are individuals.</p> <p> “With the establishment of CARE Ratings Nepal Limited, companies will receive prompt and efficient services at reasonable and competitive cost,” said Binod Atreya, director of CARE Ratings Nepal Limited.</p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6713', 'image' => '20171119031001_download.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6930', 'article_category_id' => '1', 'title' => 'Ford Introduces New EcoSport', 'sub_title' => '', 'summary' => 'November 19: Ford has introduced a new model in the Nepali market.', 'content' => '<p><span style="font-size:13px">November 19: Ford has introduced a new model in the Nepali market. Issuing a press statement, the company said that the new EcoSport has been comprehensively redesigned with more than 1,600 new parts, featuring rugged new looks, sleek interior makeover, a raft of ingenious technologies and a new engine, offering more power and efficiency.</span></p> <p>“The new Ford EcoSport comes with a formidable combination of fun, style and technology,” said Anurag Mehrotra, president and managing director of Ford India.</p> <p>“With its best-in-class power, safety, convenience and value proposition, it delivers significantly more at the same price. It is another game-changing product from Ford that, like its predecessor, raises the bar for compact SUVs.”</p> <p>The new EcoSport builds on the dynamic appeal of its predecessor, starting with a reshaped front, and a large upper trapezoidal grille and lower grille that make it unmistakably a member of the Ford family of SUVs, reads the statement.</p> <p>According to the company, Ford’s design and engineering team spent more than a million hours studying computer fluid dynamics, and more than 200 hours in a wind tunnel refining the aerodynamics of the new model.</p> <p>The new EcoSport’s Ti-VCT petrol engine is smaller, lighter and efficient, the company said. The new petrol engine will deliver segment best 123 PS of power and 150 Nm of torque with a 7% reduction in CO2 emissions and outstanding fuel efficiency of 17 Km/L, reads the statement.</p> <p>For diesel lovers, the model will also be offered with Ford’s trusted and reliable 1.5L TDCi diesel engine that delivers best-in-class 100 PS power and fuel efficiency of 23 Km/L. The diesel motor will come strapped with a five-speed manual transmission.</p> <p>The latest edition of Ford’s globally renowned in-car connectivity system is Apple CarPlay and Android Auto compatible. This allows drivers to make phone calls, access their music, send and receive messages, get directions and more, all while staying focused on the road.</p> <p>Not just connectivity, the model is replete with several technologies to make the drive a lot more convenient, including rain-sensing wipers, automatic headlamps, cruise control, hill launch assist and rear-view parking camera.</p> <p>Continuing its lead on safety, the Ford EcoSport will be the only vehicle in the segment to offer up to six airbags. Dual front driver and passenger side airbags along with Anti-Lock Braking System (ABS) will be offered as standard equipment across all variants.</p> <p>The SUV will also feature Ford’s globally-renowned Emergency Assistance, a potentially technology that calls emergency services from a paired phone to ensure help is always within reach.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6712', 'image' => '20171119022951_Ford-3.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6932', 'article_category_id' => '1', 'title' => 'Outreach Nepal Reaches Final', 'sub_title' => '', 'summary' => 'November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. ', 'content' => '<p><span style="font-size:13px">November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. The Agency of the Year competition is the region’s most prestigious award, rewarding advertising companies and individuals that have helped in contributing to raise industry standards and also excelled in business performance, reads a press statement issued by the company.</span></p> <p>For over two decades, Campaign Asia-Pacific’s Agency of the Year awards have recognized inspired leadership, management excellence, outstanding business performance and overall achievements in Asia-Pacific’s advertising and communications industries. The prestigious Agency of the Year competition will recognize excellence in the region through multiple regional competitions.</p> <p>The aim of these awards is to reward the industry’s top performers in the region. They are designed to allow agencies – big or small – and talents to shine within the local market and region, with the opportunity of recognition at an Asia Pacific level.</p> <p>Last year Outreach Nepal won anAnchor award in the “South Asia Independent agency of the Year 2016” at the event held in Mumbai. This is the third consecutive year that Outreach Nepal has been shortlisted among the finalists in the segment. </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6711', 'image' => '20171119040700_Clipboard01.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6929', 'article_category_id' => '1', 'title' => 'Everest Bank to Issue 33 Percent Bonus Share', 'sub_title' => '', 'summary' => 'November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders.', 'content' => '<p><span style="font-size:13px">November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders. Issuing a press statement, the bank said that its paid-up capital will rise to more than Rs 8 billion after issuing the shares. However, the issuance of 33 percent bonus share is subject to approval of Nepal Rastra Bank and the shareholders in the ensuing Annual General Meeting, reads the statement. The board meeting also approved the audited balance sheet and NFRS balance sheet of the last fiscal year. The bank said it is rendering services through its network of 64 branches, two extension counters, 28 revenue collection counters, 94 ATMs and many correspondents across the globe. The bank also announced that it is shortly opening 16 new branches and five extension counters.</span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6710', 'image' => '20171119015036_Logo-Everest bank.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6928', 'article_category_id' => '1', 'title' => 'Samsung Team from Korea Organise Samsung Employee Volunteer Program', 'sub_title' => '', 'summary' => 'November 19: South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. ', 'content' => '<p><span style="font-size:13px"></span><strong style="font-size:13px">November 19: </strong><span style="font-size:13px">South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. A team of 26 Samsung employees came from Korea and participated in the program alongside the Samsung Nepal employees, reads a press statement issued by the company.</span></p> <p>In an effort to help aspiring women entrepreneurs, the Samsung Team said it organized a special Women Entrepreneurship Program where they carried out graphic designing and Photoshop classes for them.</p> <p>The Samsung Team also imparted IT education to around 100 Nepali students and trained 10 computer teachers from seven different schools. The IT equipment that were being used for the training were all brought from Korea and were donated to the school upon completion of the program. Samsung estimates that approximately 7,000 students will benefit from equipment handed over the schools.</p> <p>The workshop started on the November 11 and concluded on November 17.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6709', 'image' => '20171119014027_samsung-logo-191-1.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6927', 'article_category_id' => '1', 'title' => 'Maoist Center Chairman Dahal's son Passes Away ', 'sub_title' => '', 'summary' => 'November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19.', 'content' => '<p><span style="font-family:arial,sans-serif; font-size:12.5pt">November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19. He was brought to Thapathali-based Norvic Hospital in an unconscious state at 4 in the morning. A hospital source informed New Business Age that Prakash Dahal passed away soon after he was brought to the hospital. After the news of the sudden demise of Dahal junior spread, Maoist cadres and journalists started gathering around the hospital in large number. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6708', 'image' => '20171119123024_c5e95c8be5e49b1242bfc9bf1c9af485.jpeg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6925', 'article_category_id' => '1', 'title' => 'Coffee Production up by Seven percent', 'sub_title' => '', 'summary' => 'November 17: The production of coffee has grown by seven per cent.', 'content' => '<p><span style="font-size:13px">November 17: The production of coffee has grown by seven per cent.</span></p> <p>“The growing concern from the government, private and corporate sectors in coffee production led to the increase in coffee production for the FY 2073/2074,” shared Sheshkant Gautam, executive director of National Tea and Coffee Development Board. Gautam said that in the last FY, 466 tons of coffee was produced. In the previous year, only 434 tons of coffee was produced.</p> <p>According to Gautam, in the previous year, coffee was produced in 2,618 hectares of land whereas last year, the production area increased to 2,646 hectares. Along with the area, many promotional activities done to promote coffee contributed to the increase in production. Of late, the government had declared coffee plantation year and planted 7,00,000 standard seeds of coffee.</p> <p>Also, Gautam said that the National Export Strategy was also prepared a while ago in collaboration with the International Trade Centre and the Ministry of Commerce. He shared that the strategy is ready and this will play a vital role to increase the export of coffee. Nepal is already a member of the International Coffee Organisation. </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6707', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6924', 'article_category_id' => '1', 'title' => 'Construction of Melamchi’s Water Treatment Plant completes', 'sub_title' => '', 'summary' => 'November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17.', 'content' => '<p><span style="font-size:13px">November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17. The treatment plant has been constructed with a loan support of Rs 5.07 billion from Japan International Cooperation Agency (JICA).</span></p> <p>According to a press statement issued by JICA, the plant can purify a total of 85 million liters of water per day for the citizens of the Kathmandu Valley. The treatment plant will start its operation in full capacity once the construction of the tunnel work of the MWSP completes.</p> <p>“The water purified in the plant will meet all the standards as it is built with advanced technology and has adopted rapid sand filtration system with coagulation-sedimentation process,” reads the statement.</p> <p>The WTP has a mini hydro plant which generates 200 KW of electricity. The mini hydro plant helps to operate the WTP. The statement further reads that the test operation of the WTP begun during the monsoon season by using water from the Bagmati River, and is already completed.</p> <p>“The plant is now ready to treat 85-million liters water per day from the Melamchi River. The structure will be formally handed over from the contractor to the Melamchi Water Supply Development Board after completion of some miscellaneous works,” the statement added.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6706', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6926', 'article_category_id' => '1', 'title' => 'Siddhartha Rana Tops the List of Income Taxpayers', 'sub_title' => '', 'summary' => 'November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .', 'content' => '<p><span style="font-size:13px">November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .</span></p> <p>Chief Secretary Lok Darshan Regmi and Finance Secretary Sankhar Adhikari jointly honored top 15 tax payers of the country in different headings, amid a program organised by the Inland Revenue Department (IRD).</p> <p>Siddhartha Shumsher Rana, who is the president of Sipradi Trading Pvt Ltd, bagged the award for paying highest amount of income tax in individual category. He was awarded for the third time in a row. Similarly, Sipradi Trading Pvt Ltd had paid the highest amount of income tax in the Fiscal Year 2016/2017, among the companies.</p> <p>Likewise, Pawan Kumar International had paid the highest amount of value added tax (VAT) in the last fiscal year. Surya Nepal Pvt Ltd, which manufactures products ranging from cigarettes to readymade garments, bagged the award for being the highest taxpayer in the last fiscal year.</p> <p>According to the IRD, Himlayan Bank was honored for being the highest taxpayer among banks and financial institutions. Likewise, Nepal Re-Insurance Company and WorldLink Communications also bagged the award for being the highest taxpayers among life insurance companies and technology companies respectively.</p> <p>Dr Upendra Devkota and Gorkha Development Bank were also announced as highest taxpayers among small income taxpayers and medium income taxpayers respectively. Similarly, the government honored Triyog High School and Tiger Tops Pvt Ltd for being highest taxpayers among health and education sector, and tourism industry respectively.</p> <p>Below is the complete list of individuals and companies awarded by the government in various categories:</p> <table border="1" cellpadding="0" cellspacing="0" style="width:595px"> <tbody> <tr> <td style="width:49px"> <p>S.N.</p> </td> <td style="width:318px"> <p>Categories</p> </td> <td style="width:228px"> <p>Awardees</p> </td> </tr> <tr> <td style="height:24px; width:49px"> <p>1.</p> </td> <td style="height:24px; width:318px"> <p>Company</p> </td> <td style="height:24px; width:228px"> <p>Surya Nepal Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>2.</p> </td> <td style="width:318px"> <p>Exporter</p> </td> <td style="width:228px"> <p>Verscend Technology Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>3.</p> </td> <td style="width:318px"> <p>Industrial Sector</p> </td> <td style="width:228px"> <p>Himal Power Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>4.</p> </td> <td style="width:318px"> <p>Agriculture and Livestock</p> </td> <td style="width:228px"> <p>National Seed Company</p> </td> </tr> <tr> <td style="height:29px; width:49px"> <p>5.</p> </td> <td style="height:29px; width:318px"> <p>Co-operative</p> </td> <td style="height:29px; width:228px"> <p>Rastriya Shakari Bank</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>6.</p> </td> <td style="height:23px; width:318px"> <p>BFIs</p> </td> <td style="height:23px; width:228px"> <p>Himalayan Bank</p> </td> </tr> <tr> <td style="height:41px; width:49px"> <p>7.</p> </td> <td style="height:41px; width:318px"> <p>Insurance Company</p> </td> <td style="height:41px; width:228px"> <p>Nepal Re-Insurance Company Ltd</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>8.</p> </td> <td style="height:23px; width:318px"> <p>Health and Education</p> </td> <td style="height:23px; width:228px"> <p>Triyog High School</p> </td> </tr> <tr> <td style="width:49px"> <p>9.</p> </td> <td style="width:318px"> <p>Information and Technology</p> </td> <td style="width:228px"> <p>WorldLink Communications</p> </td> </tr> <tr> <td style="width:49px"> <p>10.</p> </td> <td style="width:318px"> <p>Tourism</p> </td> <td style="width:228px"> <p>Tiger Tops</p> </td> </tr> <tr> <td style="height:28px; width:49px"> <p>11.</p> </td> <td style="height:28px; width:318px"> <p>Trading Company</p> </td> <td style="height:28px; width:228px"> <p>Sipradi Trading Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>12.</p> </td> <td style="width:318px"> <p>Small Tax Payer</p> </td> <td style="width:228px"> <p>Dr Upendra Devkota</p> </td> </tr> <tr> <td style="width:49px"> <p>13.</p> </td> <td style="width:318px"> <p>Medium Tax Payer</p> </td> <td style="width:228px"> <p>Gorkha Development Bank (Nepal) Pvt Ltd</p> </td> </tr> <tr> <td style="height:44px; width:49px"> <p>14=</p> </td> <td style="height:44px; width:318px"> <p>Personal Tax Payer</p> </td> <td style="height:44px; width:228px"> <p>Siddhartha Shumsher JB Rana</p> </td> </tr> <tr> <td style="width:49px"> <p>15.</p> </td> <td style="width:318px"> <p>Highest VAT Payer</p> </td> <td style="width:228px"> <p>Pawan Kumar International</p> </td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6705', 'image' => '20171117052121_tax.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6923', 'article_category_id' => '1', 'title' => 'Nepal Bank Celebrates 81st Anniversary', 'sub_title' => '', 'summary' => 'November 17: Nepal Bank Ltd completed eight decades of its banking service on Thursday.', 'content' => '<p><strong style="font-size:13px">November 17: Nepal Bank Ltd completed eight decades of its banking service </strong><strong style="font-size:13px">on Thursday</strong><strong style="font-size:13px">. Issuing a press statement, the bank said that it organised a blood donation, diabetes test, among other programmes on the occasion of its anniversary. “A total of 106 people including bank staffers and general public donated blood in the event,” the bank said in the statement. Similarly, a total of 150 people attended the diabetes test programme, which was organised in collaboration with Lions Club of Putalisadak.</strong></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6704', 'image' => '20171117030841_nepal bank.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6922', 'article_category_id' => '1', 'title' => 'Sanima signs Agreement with Ex-Im Bank of India', 'sub_title' => '', 'summary' => 'November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. ', 'content' => '<p><span style="font-size:13px">November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. As per the agreement, the remittance sent from India can be received from any branch of Sanima Bank. Sanima’s Chief Finance Officer Saroj Guragain and Ex-Im Bank’s financial group’s CEO Ashok Gautam signed the agreement amid a function, reads a press statement issued by the bank.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6703', 'image' => '20171117030619_sanima.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6921', 'article_category_id' => '1', 'title' => 'Gandaki Opens Branch in Biratnagar', 'sub_title' => '', 'summary' => 'November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang.', 'content' => '<p><span style="font-size:13px">November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang. Biratnagar’s Mayor Bhim Parajuli inaugurated the branch amid a function on Thursday, November 16. The bank’s chairman Janak Bahadur Gurung said that the bank added a branch in Biratnagar as per its policy to extend its services to places lacking financial service. The bank’s deputy CEO Chabindra Sharma shed light on the bank’s financial status, services and other activities during the programme.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6702', 'image' => '20171117025751_gand.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6920', 'article_category_id' => '1', 'title' => 'NEA and China’s Three Gorges Sign JVA for West Seti Project', 'sub_title' => '', 'summary' => 'November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.', 'content' => '<p><span style="font-size:13px">November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.</span></p> <p>Kulman Ghising, executive director at NEA, and representative from CTGC signed the agreement on Thursday, November 17.</p> <p>“The agreement to jointly invest and establish a company has been done after 10 months of preliminary agreement,” said Prabal Adhikari, spokesperson of NEA.</p> <p>According to the agreement, Three Gorges and NEA will have 75 and 25 percent investment respectively in the project. The technical team of the company has already studied the geological aspects of the project. The project will impact places like Doti, Baitadi, Bajhang and Dadeldura. Locals of the areas have been waiting for the project to start because of which they have not been able to complete general development works in their localities.</p> <p>The estimated cost of the project is Rs 160 billion. If the NEA fails to collect 25 percent of amount for the project, the state-owned utility can take loan from Ex-Im Bank of China. </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6701', 'image' => '20171117024635_jv.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6919', 'article_category_id' => '1', 'title' => 'Construction of Pokhara International Airport begins', 'sub_title' => '', 'summary' => 'November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.', 'content' => '<p><span style="font-size:13px">November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.</span></p> <p>The airport will be built by a Chinese company, CAMC Engineering, with a loan support of Rs 22 billion from Ex-Im Bank of China. As per the contract with the Chinese company, the construction of the project should be complete by the end of June 2021.</p> <p>According to Pradip Adhikari, a chief engineer at the project, all of the equipment like dozers, excavators, loaders, tippers, among others have already been brought to the construction site.</p> <p>“There are more than one dozen equipment and 100 workers for the construction works,” he added.</p> <p>Once the construction gets completed, aircrafts like Boeing-757, Airbus-320, among others can operate from the airport. The runway of the airport will be 2,500 meters long, and 45 meters wide. A total of 6,935 ropanis of land has been acquired by the government for the construction of the airport.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6700', 'image' => '20171117024539_pokhara.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Issuing a press statement, the bank said that it has inaugurated a branch at Ramgopalpur Municipality of the district </span><span style="font-family:arial,sans-serif; font-size:16.6667px">on Friday, November 17</span><span style="font-family:arial,sans-serif; font-size:12.5pt">. Ashok Kumar Mandal, mayor of the municipality, and the bank’s chairman Hari Chandra Khadka jointly inaugurated the branch. The bank said had it also opened a branch in Makwanpur last week as per the policy of Nepal Rastra Bank to open branches in all the provinces in the new federal set-up. The bank has been providing services through 46 branches and 14 ATM outlets across the country. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6714', 'image' => '20171119045246_download (1).jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6931', 'article_category_id' => '1', 'title' => 'Care Ratings Nepal receives Operating License from SEBON', 'sub_title' => '', 'summary' => 'November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.', 'content' => '<p>November 19: CARE Ratings Nepal, a joint venture company with CARE Ratings India (formerly known as Credit Analysis and Research Ltd), has been issued a Credit Rating License from the Securities Board of Nepal on November 16, to operate credit rating business in Nepal.</p> <p>Issuing a press statement, the company said that SEBON’s Deputy Director Niranjaya Ghimire handed over the Credit Rating License to Dr Binod Atreya, director and Sajan Goyal, CEO of CARE Ratings Nepal amid a function at SEBON office on Thursday.</p> <p>The Credit Rating Agency Regulation, 2068 in Nepal states that companies planning to issue ordinary shares, bonds, debentures, and preference shares exceeding Rs 30 million in value have to be rated by a rating agency. The company said that credit rating agencies (CRAs) play an important role in most modern capital markets that assigns credit ratings.</p> <p>“Credit rating is the opinion of the rating agency on the relative ability and willingness of tile issuer of a debt instrument to meet the debt service obligations as and when they arise,” reads the statement issued by CARE Ratings Nepal.</p> <p>“CARE Ratings Nepal will offer all the credit rating services in Nepal like IPO grading, rating of bonds and debentures, issuer ratings, mutual funds rating etc. There are about 200 listed companies, mostly banks and insurance companies in Nepal. The mandatory increase in the share capital of banks and insurance companies over a period of time offers the business opportunity for the rating agencies,” said Sajan Goyal, CEO of CARE Ratings Nepal. </p> <p>CARE Ratings Nepal Limited said it was registered with the Office of Company Registrar in May 2017 with the main objective of providing credit rating services in Nepal. The main promoters of the CARE Ratings Nepal are CARE Ratings India (51% stake) alongwith other shareholders including Vishal Group Ltd (10%), Emerging Nepal Limited (10%) and four banks and insurance companies with 5% each share— Global IME Bank, Nepal Reinsurance Company Ltd, Prudential Insurance Company Ltd, and Life Insurance Corporation Ltd. The other shareholders of the company are individuals.</p> <p> “With the establishment of CARE Ratings Nepal Limited, companies will receive prompt and efficient services at reasonable and competitive cost,” said Binod Atreya, director of CARE Ratings Nepal Limited.</p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6713', 'image' => '20171119031001_download.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6930', 'article_category_id' => '1', 'title' => 'Ford Introduces New EcoSport', 'sub_title' => '', 'summary' => 'November 19: Ford has introduced a new model in the Nepali market.', 'content' => '<p><span style="font-size:13px">November 19: Ford has introduced a new model in the Nepali market. Issuing a press statement, the company said that the new EcoSport has been comprehensively redesigned with more than 1,600 new parts, featuring rugged new looks, sleek interior makeover, a raft of ingenious technologies and a new engine, offering more power and efficiency.</span></p> <p>“The new Ford EcoSport comes with a formidable combination of fun, style and technology,” said Anurag Mehrotra, president and managing director of Ford India.</p> <p>“With its best-in-class power, safety, convenience and value proposition, it delivers significantly more at the same price. It is another game-changing product from Ford that, like its predecessor, raises the bar for compact SUVs.”</p> <p>The new EcoSport builds on the dynamic appeal of its predecessor, starting with a reshaped front, and a large upper trapezoidal grille and lower grille that make it unmistakably a member of the Ford family of SUVs, reads the statement.</p> <p>According to the company, Ford’s design and engineering team spent more than a million hours studying computer fluid dynamics, and more than 200 hours in a wind tunnel refining the aerodynamics of the new model.</p> <p>The new EcoSport’s Ti-VCT petrol engine is smaller, lighter and efficient, the company said. The new petrol engine will deliver segment best 123 PS of power and 150 Nm of torque with a 7% reduction in CO2 emissions and outstanding fuel efficiency of 17 Km/L, reads the statement.</p> <p>For diesel lovers, the model will also be offered with Ford’s trusted and reliable 1.5L TDCi diesel engine that delivers best-in-class 100 PS power and fuel efficiency of 23 Km/L. The diesel motor will come strapped with a five-speed manual transmission.</p> <p>The latest edition of Ford’s globally renowned in-car connectivity system is Apple CarPlay and Android Auto compatible. This allows drivers to make phone calls, access their music, send and receive messages, get directions and more, all while staying focused on the road.</p> <p>Not just connectivity, the model is replete with several technologies to make the drive a lot more convenient, including rain-sensing wipers, automatic headlamps, cruise control, hill launch assist and rear-view parking camera.</p> <p>Continuing its lead on safety, the Ford EcoSport will be the only vehicle in the segment to offer up to six airbags. Dual front driver and passenger side airbags along with Anti-Lock Braking System (ABS) will be offered as standard equipment across all variants.</p> <p>The SUV will also feature Ford’s globally-renowned Emergency Assistance, a potentially technology that calls emergency services from a paired phone to ensure help is always within reach.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6712', 'image' => '20171119022951_Ford-3.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6932', 'article_category_id' => '1', 'title' => 'Outreach Nepal Reaches Final', 'sub_title' => '', 'summary' => 'November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. ', 'content' => '<p><span style="font-size:13px">November 19: Outreach Nepal has become the finalist of "South Asia Independent Agency of the Year" once again for the year 2017. The Agency of the Year competition is the region’s most prestigious award, rewarding advertising companies and individuals that have helped in contributing to raise industry standards and also excelled in business performance, reads a press statement issued by the company.</span></p> <p>For over two decades, Campaign Asia-Pacific’s Agency of the Year awards have recognized inspired leadership, management excellence, outstanding business performance and overall achievements in Asia-Pacific’s advertising and communications industries. The prestigious Agency of the Year competition will recognize excellence in the region through multiple regional competitions.</p> <p>The aim of these awards is to reward the industry’s top performers in the region. They are designed to allow agencies – big or small – and talents to shine within the local market and region, with the opportunity of recognition at an Asia Pacific level.</p> <p>Last year Outreach Nepal won anAnchor award in the “South Asia Independent agency of the Year 2016” at the event held in Mumbai. This is the third consecutive year that Outreach Nepal has been shortlisted among the finalists in the segment. </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6711', 'image' => '20171119040700_Clipboard01.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6929', 'article_category_id' => '1', 'title' => 'Everest Bank to Issue 33 Percent Bonus Share', 'sub_title' => '', 'summary' => 'November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders.', 'content' => '<p><span style="font-size:13px">November 19: A meeting of the Board of Directors of Everest Bank on November 16 approved the issuance of 33 percent bonus shares to its share holders. Issuing a press statement, the bank said that its paid-up capital will rise to more than Rs 8 billion after issuing the shares. However, the issuance of 33 percent bonus share is subject to approval of Nepal Rastra Bank and the shareholders in the ensuing Annual General Meeting, reads the statement. The board meeting also approved the audited balance sheet and NFRS balance sheet of the last fiscal year. The bank said it is rendering services through its network of 64 branches, two extension counters, 28 revenue collection counters, 94 ATMs and many correspondents across the globe. The bank also announced that it is shortly opening 16 new branches and five extension counters.</span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6710', 'image' => '20171119015036_Logo-Everest bank.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6928', 'article_category_id' => '1', 'title' => 'Samsung Team from Korea Organise Samsung Employee Volunteer Program', 'sub_title' => '', 'summary' => 'November 19: South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. ', 'content' => '<p><span style="font-size:13px"></span><strong style="font-size:13px">November 19: </strong><span style="font-size:13px">South Korea-based Samsung collaborated with Better World to organise the ‘Samsung Employee Volunteer Program’ recently with an aim to help develop and benefit young Nepali minds in the field of technology. A team of 26 Samsung employees came from Korea and participated in the program alongside the Samsung Nepal employees, reads a press statement issued by the company.</span></p> <p>In an effort to help aspiring women entrepreneurs, the Samsung Team said it organized a special Women Entrepreneurship Program where they carried out graphic designing and Photoshop classes for them.</p> <p>The Samsung Team also imparted IT education to around 100 Nepali students and trained 10 computer teachers from seven different schools. The IT equipment that were being used for the training were all brought from Korea and were donated to the school upon completion of the program. Samsung estimates that approximately 7,000 students will benefit from equipment handed over the schools.</p> <p>The workshop started on the November 11 and concluded on November 17.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6709', 'image' => '20171119014027_samsung-logo-191-1.jpg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6927', 'article_category_id' => '1', 'title' => 'Maoist Center Chairman Dahal's son Passes Away ', 'sub_title' => '', 'summary' => 'November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19.', 'content' => '<p><span style="font-family:arial,sans-serif; font-size:12.5pt">November 19: Prakash Dahal, the son of CPN (Maoist Center) Chairman Pushpa Kamal Dahal, reportedly died of heart attack on Sunday, November 19. He was brought to Thapathali-based Norvic Hospital in an unconscious state at 4 in the morning. A hospital source informed New Business Age that Prakash Dahal passed away soon after he was brought to the hospital. After the news of the sudden demise of Dahal junior spread, Maoist cadres and journalists started gathering around the hospital in large number. </span></p> ', 'published' => true, 'created' => '2017-11-19', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6708', 'image' => '20171119123024_c5e95c8be5e49b1242bfc9bf1c9af485.jpeg', 'article_date' => '2017-11-19 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6925', 'article_category_id' => '1', 'title' => 'Coffee Production up by Seven percent', 'sub_title' => '', 'summary' => 'November 17: The production of coffee has grown by seven per cent.', 'content' => '<p><span style="font-size:13px">November 17: The production of coffee has grown by seven per cent.</span></p> <p>“The growing concern from the government, private and corporate sectors in coffee production led to the increase in coffee production for the FY 2073/2074,” shared Sheshkant Gautam, executive director of National Tea and Coffee Development Board. Gautam said that in the last FY, 466 tons of coffee was produced. In the previous year, only 434 tons of coffee was produced.</p> <p>According to Gautam, in the previous year, coffee was produced in 2,618 hectares of land whereas last year, the production area increased to 2,646 hectares. Along with the area, many promotional activities done to promote coffee contributed to the increase in production. Of late, the government had declared coffee plantation year and planted 7,00,000 standard seeds of coffee.</p> <p>Also, Gautam said that the National Export Strategy was also prepared a while ago in collaboration with the International Trade Centre and the Ministry of Commerce. He shared that the strategy is ready and this will play a vital role to increase the export of coffee. Nepal is already a member of the International Coffee Organisation. </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6707', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6924', 'article_category_id' => '1', 'title' => 'Construction of Melamchi’s Water Treatment Plant completes', 'sub_title' => '', 'summary' => 'November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17.', 'content' => '<p><span style="font-size:13px">November 17: The construction of Sundarijal-based Water Treatment Plant (WTP) of Melamchi Water Supply Project (MWSP) has been completed on Friday, November 17. The treatment plant has been constructed with a loan support of Rs 5.07 billion from Japan International Cooperation Agency (JICA).</span></p> <p>According to a press statement issued by JICA, the plant can purify a total of 85 million liters of water per day for the citizens of the Kathmandu Valley. The treatment plant will start its operation in full capacity once the construction of the tunnel work of the MWSP completes.</p> <p>“The water purified in the plant will meet all the standards as it is built with advanced technology and has adopted rapid sand filtration system with coagulation-sedimentation process,” reads the statement.</p> <p>The WTP has a mini hydro plant which generates 200 KW of electricity. The mini hydro plant helps to operate the WTP. The statement further reads that the test operation of the WTP begun during the monsoon season by using water from the Bagmati River, and is already completed.</p> <p>“The plant is now ready to treat 85-million liters water per day from the Melamchi River. The structure will be formally handed over from the contractor to the Melamchi Water Supply Development Board after completion of some miscellaneous works,” the statement added.</p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-19', 'keywords' => '', 'description' => '', 'sortorder' => '6706', 'image' => null, 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6926', 'article_category_id' => '1', 'title' => 'Siddhartha Rana Tops the List of Income Taxpayers', 'sub_title' => '', 'summary' => 'November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .', 'content' => '<p><span style="font-size:13px">November 17: The government has awarded 15 different taxpayer companies and individuals in different categories on the occasion of the 6th National Tax Day, Friday, November 17 .</span></p> <p>Chief Secretary Lok Darshan Regmi and Finance Secretary Sankhar Adhikari jointly honored top 15 tax payers of the country in different headings, amid a program organised by the Inland Revenue Department (IRD).</p> <p>Siddhartha Shumsher Rana, who is the president of Sipradi Trading Pvt Ltd, bagged the award for paying highest amount of income tax in individual category. He was awarded for the third time in a row. Similarly, Sipradi Trading Pvt Ltd had paid the highest amount of income tax in the Fiscal Year 2016/2017, among the companies.</p> <p>Likewise, Pawan Kumar International had paid the highest amount of value added tax (VAT) in the last fiscal year. Surya Nepal Pvt Ltd, which manufactures products ranging from cigarettes to readymade garments, bagged the award for being the highest taxpayer in the last fiscal year.</p> <p>According to the IRD, Himlayan Bank was honored for being the highest taxpayer among banks and financial institutions. Likewise, Nepal Re-Insurance Company and WorldLink Communications also bagged the award for being the highest taxpayers among life insurance companies and technology companies respectively.</p> <p>Dr Upendra Devkota and Gorkha Development Bank were also announced as highest taxpayers among small income taxpayers and medium income taxpayers respectively. Similarly, the government honored Triyog High School and Tiger Tops Pvt Ltd for being highest taxpayers among health and education sector, and tourism industry respectively.</p> <p>Below is the complete list of individuals and companies awarded by the government in various categories:</p> <table border="1" cellpadding="0" cellspacing="0" style="width:595px"> <tbody> <tr> <td style="width:49px"> <p>S.N.</p> </td> <td style="width:318px"> <p>Categories</p> </td> <td style="width:228px"> <p>Awardees</p> </td> </tr> <tr> <td style="height:24px; width:49px"> <p>1.</p> </td> <td style="height:24px; width:318px"> <p>Company</p> </td> <td style="height:24px; width:228px"> <p>Surya Nepal Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>2.</p> </td> <td style="width:318px"> <p>Exporter</p> </td> <td style="width:228px"> <p>Verscend Technology Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>3.</p> </td> <td style="width:318px"> <p>Industrial Sector</p> </td> <td style="width:228px"> <p>Himal Power Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>4.</p> </td> <td style="width:318px"> <p>Agriculture and Livestock</p> </td> <td style="width:228px"> <p>National Seed Company</p> </td> </tr> <tr> <td style="height:29px; width:49px"> <p>5.</p> </td> <td style="height:29px; width:318px"> <p>Co-operative</p> </td> <td style="height:29px; width:228px"> <p>Rastriya Shakari Bank</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>6.</p> </td> <td style="height:23px; width:318px"> <p>BFIs</p> </td> <td style="height:23px; width:228px"> <p>Himalayan Bank</p> </td> </tr> <tr> <td style="height:41px; width:49px"> <p>7.</p> </td> <td style="height:41px; width:318px"> <p>Insurance Company</p> </td> <td style="height:41px; width:228px"> <p>Nepal Re-Insurance Company Ltd</p> </td> </tr> <tr> <td style="height:23px; width:49px"> <p>8.</p> </td> <td style="height:23px; width:318px"> <p>Health and Education</p> </td> <td style="height:23px; width:228px"> <p>Triyog High School</p> </td> </tr> <tr> <td style="width:49px"> <p>9.</p> </td> <td style="width:318px"> <p>Information and Technology</p> </td> <td style="width:228px"> <p>WorldLink Communications</p> </td> </tr> <tr> <td style="width:49px"> <p>10.</p> </td> <td style="width:318px"> <p>Tourism</p> </td> <td style="width:228px"> <p>Tiger Tops</p> </td> </tr> <tr> <td style="height:28px; width:49px"> <p>11.</p> </td> <td style="height:28px; width:318px"> <p>Trading Company</p> </td> <td style="height:28px; width:228px"> <p>Sipradi Trading Pvt Ltd</p> </td> </tr> <tr> <td style="width:49px"> <p>12.</p> </td> <td style="width:318px"> <p>Small Tax Payer</p> </td> <td style="width:228px"> <p>Dr Upendra Devkota</p> </td> </tr> <tr> <td style="width:49px"> <p>13.</p> </td> <td style="width:318px"> <p>Medium Tax Payer</p> </td> <td style="width:228px"> <p>Gorkha Development Bank (Nepal) Pvt Ltd</p> </td> </tr> <tr> <td style="height:44px; width:49px"> <p>14=</p> </td> <td style="height:44px; width:318px"> <p>Personal Tax Payer</p> </td> <td style="height:44px; width:228px"> <p>Siddhartha Shumsher JB Rana</p> </td> </tr> <tr> <td style="width:49px"> <p>15.</p> </td> <td style="width:318px"> <p>Highest VAT Payer</p> </td> <td style="width:228px"> <p>Pawan Kumar International</p> </td> </tr> </tbody> </table> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6705', 'image' => '20171117052121_tax.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6923', 'article_category_id' => '1', 'title' => 'Nepal Bank Celebrates 81st Anniversary', 'sub_title' => '', 'summary' => 'November 17: Nepal Bank Ltd completed eight decades of its banking service on Thursday.', 'content' => '<p><strong style="font-size:13px">November 17: Nepal Bank Ltd completed eight decades of its banking service </strong><strong style="font-size:13px">on Thursday</strong><strong style="font-size:13px">. Issuing a press statement, the bank said that it organised a blood donation, diabetes test, among other programmes on the occasion of its anniversary. “A total of 106 people including bank staffers and general public donated blood in the event,” the bank said in the statement. Similarly, a total of 150 people attended the diabetes test programme, which was organised in collaboration with Lions Club of Putalisadak.</strong></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6704', 'image' => '20171117030841_nepal bank.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6922', 'article_category_id' => '1', 'title' => 'Sanima signs Agreement with Ex-Im Bank of India', 'sub_title' => '', 'summary' => 'November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. ', 'content' => '<p><span style="font-size:13px">November 17: Sanima Bank and Ex-Im Bank of India have signed an agreement to send remittance to Nepal from their banking network. As per the agreement, the remittance sent from India can be received from any branch of Sanima Bank. Sanima’s Chief Finance Officer Saroj Guragain and Ex-Im Bank’s financial group’s CEO Ashok Gautam signed the agreement amid a function, reads a press statement issued by the bank.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6703', 'image' => '20171117030619_sanima.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6921', 'article_category_id' => '1', 'title' => 'Gandaki Opens Branch in Biratnagar', 'sub_title' => '', 'summary' => 'November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang.', 'content' => '<p><span style="font-size:13px">November 17: Gandaki Bikas Bank has opened a branch at Biratnagar, Morang. Biratnagar’s Mayor Bhim Parajuli inaugurated the branch amid a function on Thursday, November 16. The bank’s chairman Janak Bahadur Gurung said that the bank added a branch in Biratnagar as per its policy to extend its services to places lacking financial service. The bank’s deputy CEO Chabindra Sharma shed light on the bank’s financial status, services and other activities during the programme.</span></p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6702', 'image' => '20171117025751_gand.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6920', 'article_category_id' => '1', 'title' => 'NEA and China’s Three Gorges Sign JVA for West Seti Project', 'sub_title' => '', 'summary' => 'November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.', 'content' => '<p><span style="font-size:13px">November 17: Nepal Electricity Authority (NEA) and China Three Gorges Corporation (CTGC) signed a joint venture agreement for the West Seti Hydropower Project.</span></p> <p>Kulman Ghising, executive director at NEA, and representative from CTGC signed the agreement on Thursday, November 17.</p> <p>“The agreement to jointly invest and establish a company has been done after 10 months of preliminary agreement,” said Prabal Adhikari, spokesperson of NEA.</p> <p>According to the agreement, Three Gorges and NEA will have 75 and 25 percent investment respectively in the project. The technical team of the company has already studied the geological aspects of the project. The project will impact places like Doti, Baitadi, Bajhang and Dadeldura. Locals of the areas have been waiting for the project to start because of which they have not been able to complete general development works in their localities.</p> <p>The estimated cost of the project is Rs 160 billion. If the NEA fails to collect 25 percent of amount for the project, the state-owned utility can take loan from Ex-Im Bank of China. </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6701', 'image' => '20171117024635_jv.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6919', 'article_category_id' => '1', 'title' => 'Construction of Pokhara International Airport begins', 'sub_title' => '', 'summary' => 'November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.', 'content' => '<p><span style="font-size:13px">November 17: The construction of an international airport in Pokhara, which is a national pride project, has finally begun two years after laying the foundation stones.</span></p> <p>The airport will be built by a Chinese company, CAMC Engineering, with a loan support of Rs 22 billion from Ex-Im Bank of China. As per the contract with the Chinese company, the construction of the project should be complete by the end of June 2021.</p> <p>According to Pradip Adhikari, a chief engineer at the project, all of the equipment like dozers, excavators, loaders, tippers, among others have already been brought to the construction site.</p> <p>“There are more than one dozen equipment and 100 workers for the construction works,” he added.</p> <p>Once the construction gets completed, aircrafts like Boeing-757, Airbus-320, among others can operate from the airport. The runway of the airport will be 2,500 meters long, and 45 meters wide. A total of 6,935 ropanis of land has been acquired by the government for the construction of the airport.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-11-17', 'modified' => '2017-11-17', 'keywords' => '', 'description' => '', 'sortorder' => '6700', 'image' => '20171117024539_pokhara.jpg', 'article_date' => '2017-11-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
