Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '6687',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Gets ISO Certification',
			'sub_title' => '',
			'summary' => 'October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification.',
			'content' => '<p>October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification. Issuing a press statement, the bank said it has become the first commercial bank of the country to be certified with ISO 9001:2015. The bank informed that the United Registrar of Systems of the Great Britain conferred it with the certificate. The bank&rsquo;s CEO Sashin Joshi informed that they received the certificate for their gradual improvement in banking practice and system and for adopting smart management.</p>
',
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			'created' => '2017-10-11',
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			'sortorder' => '6470',
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			'id' => '6686',
			'article_category_id' => '1',
			'title' => 'NEEK Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8.',
			'content' => '<p>October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8. The company was established in the year 2049 BS. Issuing a press statement, NEEK said it is one of the first companies to have produced electrical transformers through foreign investment and technology.</p>

<p>&ldquo;So far, the company has made and sold 5000 KVA capacity electrical transformers in the national and international market,&rdquo; reads the press statement.</p>

<p>NEEK gifted one 25 KVA capacity electrical transformer to Gramin Samaudayik Sansthan on the occasion of its silver jubilee. Under its social responsibility, the company also provided scholarships to four final-year engineering students who are studying about electrical transformers at Pulchowk Engineering College, Patan.&nbsp;</p>

<p>NEEK said it has been producing and selling 1 KVA-5000 KVA capacity electrical transformers till now and will upgrade them to 1 KVA-10000 KVA (voltage system 1 KV-132 KV capacity) electrical transformers in the fiscal year 2017/18.&nbsp;</p>
',
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			'created' => '2017-10-11',
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			'description' => '',
			'sortorder' => '6469',
			'image' => '20171011011150_neek.jpg',
			'article_date' => '2017-10-11 00:00:00',
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			'id' => '6685',
			'article_category_id' => '1',
			'title' => 'Summit Air Adds New Aircraft to its Fleet',
			'sub_title' => '',
			'summary' => 'October 11: Summit Air has brought a new 18-seater airplane into operation.',
			'content' => '<p>October 11: Summit Air has brought a new 18-seater airplane into operation. The airliner informed that the Czechoslovakia-built plane LET 40 has been in operation for less than 2,000 hours.</p>

<p>With the addition of the new aircraft, Summit Air&rsquo;s fleet has now reached four in number. The aircraft has modern technologies including weather radar and auto-pilot system, the company informed in a statement.</p>

<p>The aircraft is best suited for Short Take Off and Landing (STOL). The company informed that the aircraft will start flights to eastern, western and mid western regions upon getting clearance from the Civil Aviation Authority of Nepal. Summit Air was previously known as Goma Air.&nbsp;</p>

<p>&nbsp;</p>
',
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			'id' => '6684',
			'article_category_id' => '1',
			'title' => 'Garima Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. ',
			'content' => '<p>October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. Nepal Rastra bank&rsquo;s Deputy Governor Shivaraj Shrestha inaugurated the branch amid a function on Monday, Oct 9. During the occasion, the banks CEO Govinda Prasad Dhakal shed light on the bank&rsquo;s services and future plans. This is the 48<sup>th</sup> branch of the bank. Garima Bikas Bank was formed after the merger of Nilgiri Bikash Bank, headquartered at Myagdi, and Chitwan-based Suvechha Bikas Bank. The head office of the bank is in Lazimpat, Kathmandu. The bank will soon open another branch in Rupandehi&rsquo;s Manigran, informed Dhakal.</p>
',
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			'sortorder' => '6467',
			'image' => '20171010045256_garima.jpg',
			'article_date' => '2017-10-10 00:00:00',
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			'id' => '6683',
			'article_category_id' => '1',
			'title' => 'Builders and Contractors Protest the Killing of FCAN Chairman',
			'sub_title' => '',
			'summary' => 'October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors’ Association Nepal Chairman Sharad Kumar Gauchan on Monday. ',
			'content' => '<p>October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors&rsquo; Association Nepal Chairman Sharad Kumar Gauchan on Monday. The contractors have warned of stopping development works across the nation in protest of the murder in the heart of the capital in broad daylight. They say that Gasuchan&rsquo;s killing has discouraged running business in the country.</p>

<p>The contractors and other entrepreneurs who gathered at Civil Hospital after the incident termed the attack gruesome and inhumane and demanded stern action against the perpetrators. The agitated entrepreneurs also demanded resignation of home minister and warned that they would halt development works until the assailants are booked.</p>

<p>The protests caused obstruction of vehicular movement along the Baneshwar-Tinkune road section for some time in the afternoon.</p>

<p>Gauchan was shot dead by unidentified assailants at Baneshwar&rsquo;s Kharibot on Monday, October 9.</p>
',
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			'sortorder' => '6466',
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		'Article' => array(
			'id' => '6682',
			'article_category_id' => '1',
			'title' => '‘Made in Nepal’ Can be Powerful Brand in the US: Teplitz',
			'sub_title' => '',
			'summary' => 'October 10: Nepali traders can leave the mark of their products in the United States and ‘Made in Nepal’ can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,  on Tuesday.',
			'content' => '<p>October 10: Nepali traders can leave the mark of their products in the United States and &lsquo;Made in Nepal&rsquo; can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,&nbsp;&nbsp;on Tuesday.</p>

<p>Speaking at a workshop organized in Kathmandu, the US ambassador to Nepal also urged the government of Nepal to bring new policies which encourage and support the private sector to increase the production of the country, which will ultimately help to reduce the ballooning trade deficit.</p>

<p>The workshop entitled &lsquo;Enhancing Nepal-US Trade by Utilizing Trade Preference Program&rsquo; was jointly organized by Pavilion Group and the US Embassy in Nepal. The workshop was organized with an aim to make entrepreneurs, traders, government officials and stakeholders aware about the benefits, opportunities and possibilities of Nepal Trade Preference Program (NTPP), under which the US government provides duty-free offer for 77 different commodities while importing goods from Nepal.</p>

<p>The goods which are in the duty-free list include carpets, shawls, hand luggage, travelling goods, among others. The program was introduced by the US government to help revive the economy of Nepal, which was struck by a massive earthquake back in 2015.</p>

<p>Despite the US being the second biggest importer of goods among the least developed countries (LDC), Nepal only managed to export goods worth $89 million to the US in 2016.</p>

<p>&ldquo;Nepal has failed to take huge benefit from the program. The program was passed by the US government to work together on the economic prosperity of Nepal,&rdquo; Teplitz said, adding that the private sector should also take initiative and work seriously to create new jobs and boost the production of the nation.</p>

<p>Nepal enjoys the benefits of NTTP till the end of 2025. Addressing the workshop, Teplitz asked the Nepali traders and entrepreneurs to hurry up and take huge benefit from the program, as it will end within the next eight years.</p>

<p>&ldquo;There is a huge Nepali community in the US, and the local people there also love Nepali products, so both the country can benefit from the program,&rdquo; she says.</p>

<p>Likewise, Arjun Kumar Karki, Nepali ambassador to the US, also accepted the fact that Nepal has failed to fully utilize the program. &ldquo;This program passed by the US government can turn very fruitful for the entrepreneurs, if they focus on exporting the items which have duty-free access rather than demanding access for other expensive products. The trade generated from the program will surely help on poverty reduction and socio-economic development of Nepal,&rdquo; he added.</p>

<p>The workshop was also attended by entrepreneurs, traders, government officials, and other officials of the US Embassy in Kathmandu.</p>

<p>&nbsp;</p>
',
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			'id' => '6681',
			'article_category_id' => '1',
			'title' => 'Nepali Brand Bicycles Available in Market                                                           ',
			'sub_title' => '',
			'summary' => 'October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. ',
			'content' => '<p>October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. The distribution of bicycle brands, &lsquo;Gorkha&rsquo; and &lsquo;Bagwan&rsquo; has started in the market, according to M Bagwan, operator of Bagwan Cycle Suppliers.</p>

<p>Bagwan has been involved in the business of selling cycles in the name of Gorkha and Bagwan Cycle Suppliers Firm for more than two decades. &ldquo;We had been selling bicycles of other brands till now,&rdquo; Bagwan said, adding, &ldquo;We have started selling our own brand now.&rdquo;</p>

<p>The products are assembled in China.</p>

<p>The bicycles have been prepared in a way that they can be used in the plains, hills and the mountains, informed Bhagwan. &ldquo;This is a mountain bike but can be ridden everywhere,&rdquo; Bagwan told New Business Age, adding, &ldquo;The price of the bikes starts from a minimum of Rs 10,000.&rdquo;</p>

<p>He said the bicycles have been prepared with an aim to make the brand recognizable for its quality all over the country. Lately, bicycles that cost up to Rs 100,000 has been in the market. &ldquo;People who own cars worth millions show interest in riding bicycles.&rdquo;&nbsp;</p>
',
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			'sortorder' => '6464',
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			'id' => '6675',
			'article_category_id' => '1',
			'title' => 'FCAN Chairman Shot Dead',
			'sub_title' => '',
			'summary' => 'October 10: Federation of Contractors’ Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. ',
			'content' => '<p style="text-align:justify">October 10: Federation of Contractors&rsquo; Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. Unknown assailants opened fire at Gauchan at Prayagmarga Chowk of New Baneshwar while he was on his way to Anamnagar-based FCAN office from his home at Shantinagar.</p>

<p>Gauchan was travelling on his Toyota Prado jeep with registration number Ba 13 Cha 4948 when he was stopped by a group of criminals at 3 pm and shot dead. Police were yet to nab the assailants till late Monday night.</p>

<p>The Metropolitan Police Range said that it has intensified investigation into the case but declined to divulge further details.</p>

<p>Although the police claimed that they have arrested three persons with pistol from Bauddha area, it is not yet confirmed whether they were involved in the same case or not.</p>

<p>According to eyewitnesses, the assailants first threw a brick in front of the driver&rsquo;s window and then opened fire at Gauchan, who was seated in the front row besides the driver. &nbsp;&nbsp;</p>

<p>There were marks of two shots on the front window of the jeep. After the assault, the attackers used a motorbike parked nearby and fled towards Katyani Chowk, according to the eyewitnesses.</p>

<p>Although Gauchan&rsquo;s driver took him to Civil Hospital, doctors pronounced him dead on arrival. According to Dr Bimal Thapa, Gauchan sustained bullets injuries to his heart, liver and in between the two vital organs.</p>

<p>After the death of Gauchan, callers from unidentified numbers have started threatening other builders and contractors. FCAN General Secretary Ram Sharah Deuja informed that the blackmailers have been seeking millions of rupees in ransom from them.&nbsp;</p>
',
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			'created' => '2017-10-09',
			'modified' => '2017-10-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6463',
			'image' => '20171009041445_20171009035712_Sarad Kumar Gauchan.JPG',
			'article_date' => '2017-10-09 00:00:00',
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		'Article' => array(
			'id' => '6680',
			'article_category_id' => '1',
			'title' => 'IME and Weizmann Jointly Launch Indo-Nepal Remittance Service',
			'sub_title' => '',
			'summary' => 'October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services.',
			'content' => '<p>October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services. Through this partnership, Nepali migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann&rsquo;s 200 branches and 14,000 plus retail agents across India, reads a joint statement issued by the companies.</p>

<p>The recipients in Nepal can receive the amount through more than 6800 local agents of IME in Nepal. IME said it will provide account deposit facilities to these customers besides cash payment options.</p>

<p>Speaking on the occasion, Executive Chairman of IME Ltd Chandra Prasad Dhakal said, &ldquo;The start of services between IME and Weizmann will open new doors for Nepali migrant workers in India. Weizmann is a leading player in the retail foreign exchange market while IME is the largest remittance company in Nepal and this new service will help remittance inflow from India facilitate people to send money easily to Nepal. We believe that with this money transfer service corridor in place, it would be highly beneficial to the Nepalis residing in India, to send money to their friends and family in Nepal.&rdquo;</p>

<p>Speaking on the occasion Sandeep Sharma, business head of Weizmann Impex Service Enterprise Ltd said, &ldquo;Weizmann is one of the largest companies that has helped more than 25 million customers to receive monies from their relatives living aboard. We are delighted to partner with IME Ltd in order to extend our offering to Nepalis working in India, who wish to send money to their relatives living in Nepal. IME&rsquo;s reach in Nepal and our presence in India coupled with best in class technology will surely add ease to the lives of close to over 5 million Nepalis living in India and their relatives back home.&rdquo;</p>
',
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			'sortorder' => '6462',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6679',
			'article_category_id' => '1',
			'title' => 'Yeti Airlines Partners with UN for SDGs',
			'sub_title' => '',
			'summary' => 'October 10: Yeti Airlines has started displaying the United Nations’ Sustainable Development Goals logo in its aircrafts.',
			'content' => '<p>October 10: Yeti Airlines has started displaying the United Nations&rsquo; Sustainable Development Goals logo in its aircrafts. The SDG-branded logo was unveiled amid a function at the Tribhuvan International Airport on September 25, the airlines informed.&nbsp;</p>

<p>With its SDG-branded aircraft, shuttle buses, handy SDG leaflets, donate now link inclusion in Yeti Airlines official website, branding of the boarding pass and social media campaigns, the airline is expected to reach thousands of people with concrete and action-oriented messages on the global goals, the company said in a statement.</p>

<p>&nbsp;&ldquo;This is a powerful example to show the world that in partnership with the private sector, the sustainable development agenda can really take off. We are highly pleased to finally see these aeroplanes flying in Nepali skies spreading the messages on how we can tackle some of the world&rsquo;s biggest challenges,&rdquo; the statement quoted UNDP Country Director Renaud Meyer as saying.</p>

<p>&nbsp;&ldquo;In Nepal, we have been exploring ways in which the United Nations could help the local businesses grow more responsible and SDG friendly. With Yeti, we hope to soon unveil equally inspiring joint initiatives that help Nepal meet the global goals by 2030,&rdquo; he added.</p>

<p>Yeti Airlines said it is one of the first in Nepal&rsquo;s private sector to partner with the United Nations to promote the SDGs and address many key issues facing Nepal over the next 15 years, and by branding its aircraft with the logos, Yeti and the UN is helping bring the SDGs to the entire country.</p>

<p>Yeti Airlines added that the branding of its ATR 72-500 aircraft with the UN SDGs logo demonstrates the company&rsquo;s continuing commitment to promote the UN goals wherever possible and to do what it can to assist Nepal achieve them.</p>

<p>&ldquo;We thank the United Nations for the opportunity to support these worthy goals,&rdquo; the company said in the statement.</p>

<p>The initiative is part of the airlines&rsquo; on-going partnership with the United Nations in Nepal for the promotion and achievement of the SDGs. Following an agreement earlier in May, the airliner and the UN have come forward with a series of joint programmes and activities aimed at raising awareness on the SDGs and helping Nepal meet some of the global goals targets, according to the press statement.</p>

<p>Under the partnership, Yeti Airlines informed that it would also collaborate with the UN to explore, adopt and promote innovative and sustainable business models in the aviation and tourism industry that would help Nepal meet some specific SDG indicators in the areas of climate change adaptation, poverty reduction and gender equality.</p>

<p>Adopted by the UN Member States, including Nepal, in September 2015, the SDGs, also known as the Global Goals, are a bold, universal agreement to end poverty in all its dimensions and craft an equal, just and secure world &ndash; for the people, the planet and prosperity &ndash; by 2030.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 10 => array(
		'Article' => array(
			'id' => '6674',
			'article_category_id' => '1',
			'title' => 'City Express Announces Winners',
			'sub_title' => '',
			'summary' => 'October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. ',
			'content' => '<p>October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. The winners of silver coins and Oppo phones were decided by electronic lucky draw, informed the company.</p>

<p>Under the scheme, Shiva Khanal, Bal Kumar Sunuwar, Samjhana Dhakal, Janakmaya Lama, Ramwati Sarwaria, Niru Subedi, Pramila Giri, Yukesh Shrestha, Hem Kumari Magar, Bhakta Bahadur Tamang, Danmaya Rana Magar, Fulmaya Ghalan, Omsari Pun, Hira Purkoti, Laxmi Gharti, Rukmaya Rai, Aashik Gurung and Ganga Bahadur Pun were declared the winners of silver coins.</p>

<p>Likewise, Rupesh Rana Magar and Ummaya Gurung were the winners of Oppo phones, the company said in a statement.</p>

<p>The company has announced the scheme on the occasion of Dashain, Tihar and Chhath.</p>
',
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			'id' => '6673',
			'article_category_id' => '1',
			'title' => 'Natural Gas Detected in Rapti',
			'sub_title' => '',
			'summary' => 'October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. ',
			'content' => '<p>October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. The team led by the department&rsquo;s deputy director general, Sudhir Rajaure, inspected the site on Saturday, October 7.</p>

<p>Rajaure confirmed the presence of natural gas underneath the bank of the Rapti River and added that the nature of the gas will be determined after further tests.</p>

<p>&ldquo;We can determine whether it is petroleum gas or methane gas only after detailed tests,&rdquo; said Rajaure.</p>

<p>He informed that the Department of Mines and Geology will send a team for detailed study within a month.</p>

<p>It was reported that natural gas was present in a area between Dang&rsquo;s Gadhwa Village Municipality-7, Jharbaira; Lamahi Municipality-5, Kolahi and Lamahi Municipality-6, Langadhi. &nbsp;&nbsp;</p>
',
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			'id' => '6672',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Organises Cycle Rally',
			'sub_title' => '',
			'summary' => 'October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary.',
			'content' => '<p>October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary. The rally with slogan &lsquo;You and us, together for development&rsquo; started from the bank&rsquo;s head office at Gairidhara and reached Chabahil, Maharajgunj, Kamalpokhari, New Road, Kalimati, Balkhu, Kirtipur, Pulchowk, Shankhamul, Tinkune, Gaushala, and ended at Gairidhara. The bank informed that it would conduct various social activities for a month to celebrate its anniversary.</p>
',
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			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6455',
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			'id' => '6671',
			'article_category_id' => '1',
			'title' => 'Tourist Influx Increases in Peak Season',
			'sub_title' => '',
			'summary' => 'October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.',
			'content' => '<p>October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.</p>

<p>&ldquo;The occupancy till Dashain festival was 65 percent and is believed to go up to 75 percent,&rdquo; said Binayak Shah, secretary general of Hotel Association of Nepal (HAN). He added that the occupancy has been going up as the conference of Non-Resident Nepalis (NRN) is going to be held in Nepal.</p>

<p>NRN representatives have arrived in Nepal at the moment. All of them are international passport holders. He said that the season is appropriate for tourists&rsquo; arrival and the booking of hotel rooms has increased because of NRN conference.</p>

<p>&ldquo;NRNs have been considered as tourists as they hold international passport despite the fact that they are Nepalis,&rdquo; Shah added.</p>

<p>Shah stated not only NRNs but the number of tourists from neighboring countries like China and India has also grown. The arrival of tourists from China and India in comparison to other countries is high as they can opt to enter Nepal through airways or roadways.</p>

<p>According to estimates made by tourism entrepreneurs, the influx of tourists is expected to be higher than that of the previous year.</p>

<p>Shah said the number of tourists who visit Nepal for business and other purposes has grown along with tourists who visit Nepal for adventure sports and climbing mountain.</p>

<p>&ldquo;We always label people as tourists only if they come for recreational purpose but there are hundreds of foreigners in Nepal who come for business and reconstruction purpose,&rdquo; Shah told New Business Age, adding, &ldquo;People living in Nepal as representatives of international non-governmental organizations (INGOs) working for reconstruction projects after the April and May, 2015 earthquakes in Nepal have been contributing in tourism sector of Nepal.&rdquo;</p>

<p>Likewise, the number of traders and business persons from India and China has grown in Nepal, he further added.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6454',
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		'Article' => array(
			'id' => '6670',
			'article_category_id' => '1',
			'title' => 'IB Provides LoI to Non-Life Insurers After a Decade',
			'sub_title' => '',
			'summary' => 'October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.',
			'content' => '<p>October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.</p>

<p>A meeting of IB&rsquo;s Board of Directors (BoD) on September 20 has given green signal to three of the total four non-life insurance companies which had sought permission for operating business almost ten years ago.</p>

<p>The companies which have received LoI are Ajod Insurance Company, General Insurance Company Nepal and Sanima Insurance Company.</p>

<p>These companies had applied for LoI in April 2008, December 2007 and August 2008, respectively.</p>

<p>Despite receiving the application in April 2009, the IB is yet to approve the application of Manakamana Insurance Company.</p>

<p>According to Sambha Raj Lammichhane, an officer at the monitoring department of IB, the board has not approved the application of the company as it has failed to submit all the necessary documents.</p>

<p>The IB provides LoI to the companies only if they meet the capital requirement as per the criteria set by the board and if the promoters are not in the blacklist.&nbsp;</p>

<p>The three companies which have received LoI should follow all the criteria and construct the infrastructure within the next three months. If the companies fulfill all the criteria, then IB will inspect the insurers to give them permission to start business.</p>

<p>As per the rules, IB can approve the applications of non-life insurance companies, while life insurance companies should seek permission from the Ministry of Finance (MoF) to start business.</p>

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

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6687',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Gets ISO Certification',
			'sub_title' => '',
			'summary' => 'October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification.',
			'content' => '<p>October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification. Issuing a press statement, the bank said it has become the first commercial bank of the country to be certified with ISO 9001:2015. The bank informed that the United Registrar of Systems of the Great Britain conferred it with the certificate. The bank&rsquo;s CEO Sashin Joshi informed that they received the certificate for their gradual improvement in banking practice and system and for adopting smart management.</p>
',
			'published' => true,
			'created' => '2017-10-11',
			'modified' => '2017-10-11',
			'keywords' => '',
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			'sortorder' => '6470',
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			'id' => '6686',
			'article_category_id' => '1',
			'title' => 'NEEK Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8.',
			'content' => '<p>October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8. The company was established in the year 2049 BS. Issuing a press statement, NEEK said it is one of the first companies to have produced electrical transformers through foreign investment and technology.</p>

<p>&ldquo;So far, the company has made and sold 5000 KVA capacity electrical transformers in the national and international market,&rdquo; reads the press statement.</p>

<p>NEEK gifted one 25 KVA capacity electrical transformer to Gramin Samaudayik Sansthan on the occasion of its silver jubilee. Under its social responsibility, the company also provided scholarships to four final-year engineering students who are studying about electrical transformers at Pulchowk Engineering College, Patan.&nbsp;</p>

<p>NEEK said it has been producing and selling 1 KVA-5000 KVA capacity electrical transformers till now and will upgrade them to 1 KVA-10000 KVA (voltage system 1 KV-132 KV capacity) electrical transformers in the fiscal year 2017/18.&nbsp;</p>
',
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			'created' => '2017-10-11',
			'modified' => '2017-10-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6469',
			'image' => '20171011011150_neek.jpg',
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		'Article' => array(
			'id' => '6685',
			'article_category_id' => '1',
			'title' => 'Summit Air Adds New Aircraft to its Fleet',
			'sub_title' => '',
			'summary' => 'October 11: Summit Air has brought a new 18-seater airplane into operation.',
			'content' => '<p>October 11: Summit Air has brought a new 18-seater airplane into operation. The airliner informed that the Czechoslovakia-built plane LET 40 has been in operation for less than 2,000 hours.</p>

<p>With the addition of the new aircraft, Summit Air&rsquo;s fleet has now reached four in number. The aircraft has modern technologies including weather radar and auto-pilot system, the company informed in a statement.</p>

<p>The aircraft is best suited for Short Take Off and Landing (STOL). The company informed that the aircraft will start flights to eastern, western and mid western regions upon getting clearance from the Civil Aviation Authority of Nepal. Summit Air was previously known as Goma Air.&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '6468',
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			'id' => '6684',
			'article_category_id' => '1',
			'title' => 'Garima Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. ',
			'content' => '<p>October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. Nepal Rastra bank&rsquo;s Deputy Governor Shivaraj Shrestha inaugurated the branch amid a function on Monday, Oct 9. During the occasion, the banks CEO Govinda Prasad Dhakal shed light on the bank&rsquo;s services and future plans. This is the 48<sup>th</sup> branch of the bank. Garima Bikas Bank was formed after the merger of Nilgiri Bikash Bank, headquartered at Myagdi, and Chitwan-based Suvechha Bikas Bank. The head office of the bank is in Lazimpat, Kathmandu. The bank will soon open another branch in Rupandehi&rsquo;s Manigran, informed Dhakal.</p>
',
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			'created' => '2017-10-10',
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			'description' => '',
			'sortorder' => '6467',
			'image' => '20171010045256_garima.jpg',
			'article_date' => '2017-10-10 00:00:00',
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		'Article' => array(
			'id' => '6683',
			'article_category_id' => '1',
			'title' => 'Builders and Contractors Protest the Killing of FCAN Chairman',
			'sub_title' => '',
			'summary' => 'October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors’ Association Nepal Chairman Sharad Kumar Gauchan on Monday. ',
			'content' => '<p>October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors&rsquo; Association Nepal Chairman Sharad Kumar Gauchan on Monday. The contractors have warned of stopping development works across the nation in protest of the murder in the heart of the capital in broad daylight. They say that Gasuchan&rsquo;s killing has discouraged running business in the country.</p>

<p>The contractors and other entrepreneurs who gathered at Civil Hospital after the incident termed the attack gruesome and inhumane and demanded stern action against the perpetrators. The agitated entrepreneurs also demanded resignation of home minister and warned that they would halt development works until the assailants are booked.</p>

<p>The protests caused obstruction of vehicular movement along the Baneshwar-Tinkune road section for some time in the afternoon.</p>

<p>Gauchan was shot dead by unidentified assailants at Baneshwar&rsquo;s Kharibot on Monday, October 9.</p>
',
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			'description' => '',
			'sortorder' => '6466',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6682',
			'article_category_id' => '1',
			'title' => '‘Made in Nepal’ Can be Powerful Brand in the US: Teplitz',
			'sub_title' => '',
			'summary' => 'October 10: Nepali traders can leave the mark of their products in the United States and ‘Made in Nepal’ can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,  on Tuesday.',
			'content' => '<p>October 10: Nepali traders can leave the mark of their products in the United States and &lsquo;Made in Nepal&rsquo; can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,&nbsp;&nbsp;on Tuesday.</p>

<p>Speaking at a workshop organized in Kathmandu, the US ambassador to Nepal also urged the government of Nepal to bring new policies which encourage and support the private sector to increase the production of the country, which will ultimately help to reduce the ballooning trade deficit.</p>

<p>The workshop entitled &lsquo;Enhancing Nepal-US Trade by Utilizing Trade Preference Program&rsquo; was jointly organized by Pavilion Group and the US Embassy in Nepal. The workshop was organized with an aim to make entrepreneurs, traders, government officials and stakeholders aware about the benefits, opportunities and possibilities of Nepal Trade Preference Program (NTPP), under which the US government provides duty-free offer for 77 different commodities while importing goods from Nepal.</p>

<p>The goods which are in the duty-free list include carpets, shawls, hand luggage, travelling goods, among others. The program was introduced by the US government to help revive the economy of Nepal, which was struck by a massive earthquake back in 2015.</p>

<p>Despite the US being the second biggest importer of goods among the least developed countries (LDC), Nepal only managed to export goods worth $89 million to the US in 2016.</p>

<p>&ldquo;Nepal has failed to take huge benefit from the program. The program was passed by the US government to work together on the economic prosperity of Nepal,&rdquo; Teplitz said, adding that the private sector should also take initiative and work seriously to create new jobs and boost the production of the nation.</p>

<p>Nepal enjoys the benefits of NTTP till the end of 2025. Addressing the workshop, Teplitz asked the Nepali traders and entrepreneurs to hurry up and take huge benefit from the program, as it will end within the next eight years.</p>

<p>&ldquo;There is a huge Nepali community in the US, and the local people there also love Nepali products, so both the country can benefit from the program,&rdquo; she says.</p>

<p>Likewise, Arjun Kumar Karki, Nepali ambassador to the US, also accepted the fact that Nepal has failed to fully utilize the program. &ldquo;This program passed by the US government can turn very fruitful for the entrepreneurs, if they focus on exporting the items which have duty-free access rather than demanding access for other expensive products. The trade generated from the program will surely help on poverty reduction and socio-economic development of Nepal,&rdquo; he added.</p>

<p>The workshop was also attended by entrepreneurs, traders, government officials, and other officials of the US Embassy in Kathmandu.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '6465',
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		'Article' => array(
			'id' => '6681',
			'article_category_id' => '1',
			'title' => 'Nepali Brand Bicycles Available in Market                                                           ',
			'sub_title' => '',
			'summary' => 'October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. ',
			'content' => '<p>October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. The distribution of bicycle brands, &lsquo;Gorkha&rsquo; and &lsquo;Bagwan&rsquo; has started in the market, according to M Bagwan, operator of Bagwan Cycle Suppliers.</p>

<p>Bagwan has been involved in the business of selling cycles in the name of Gorkha and Bagwan Cycle Suppliers Firm for more than two decades. &ldquo;We had been selling bicycles of other brands till now,&rdquo; Bagwan said, adding, &ldquo;We have started selling our own brand now.&rdquo;</p>

<p>The products are assembled in China.</p>

<p>The bicycles have been prepared in a way that they can be used in the plains, hills and the mountains, informed Bhagwan. &ldquo;This is a mountain bike but can be ridden everywhere,&rdquo; Bagwan told New Business Age, adding, &ldquo;The price of the bikes starts from a minimum of Rs 10,000.&rdquo;</p>

<p>He said the bicycles have been prepared with an aim to make the brand recognizable for its quality all over the country. Lately, bicycles that cost up to Rs 100,000 has been in the market. &ldquo;People who own cars worth millions show interest in riding bicycles.&rdquo;&nbsp;</p>
',
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			'sortorder' => '6464',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6675',
			'article_category_id' => '1',
			'title' => 'FCAN Chairman Shot Dead',
			'sub_title' => '',
			'summary' => 'October 10: Federation of Contractors’ Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. ',
			'content' => '<p style="text-align:justify">October 10: Federation of Contractors&rsquo; Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. Unknown assailants opened fire at Gauchan at Prayagmarga Chowk of New Baneshwar while he was on his way to Anamnagar-based FCAN office from his home at Shantinagar.</p>

<p>Gauchan was travelling on his Toyota Prado jeep with registration number Ba 13 Cha 4948 when he was stopped by a group of criminals at 3 pm and shot dead. Police were yet to nab the assailants till late Monday night.</p>

<p>The Metropolitan Police Range said that it has intensified investigation into the case but declined to divulge further details.</p>

<p>Although the police claimed that they have arrested three persons with pistol from Bauddha area, it is not yet confirmed whether they were involved in the same case or not.</p>

<p>According to eyewitnesses, the assailants first threw a brick in front of the driver&rsquo;s window and then opened fire at Gauchan, who was seated in the front row besides the driver. &nbsp;&nbsp;</p>

<p>There were marks of two shots on the front window of the jeep. After the assault, the attackers used a motorbike parked nearby and fled towards Katyani Chowk, according to the eyewitnesses.</p>

<p>Although Gauchan&rsquo;s driver took him to Civil Hospital, doctors pronounced him dead on arrival. According to Dr Bimal Thapa, Gauchan sustained bullets injuries to his heart, liver and in between the two vital organs.</p>

<p>After the death of Gauchan, callers from unidentified numbers have started threatening other builders and contractors. FCAN General Secretary Ram Sharah Deuja informed that the blackmailers have been seeking millions of rupees in ransom from them.&nbsp;</p>
',
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			'sortorder' => '6463',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6680',
			'article_category_id' => '1',
			'title' => 'IME and Weizmann Jointly Launch Indo-Nepal Remittance Service',
			'sub_title' => '',
			'summary' => 'October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services.',
			'content' => '<p>October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services. Through this partnership, Nepali migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann&rsquo;s 200 branches and 14,000 plus retail agents across India, reads a joint statement issued by the companies.</p>

<p>The recipients in Nepal can receive the amount through more than 6800 local agents of IME in Nepal. IME said it will provide account deposit facilities to these customers besides cash payment options.</p>

<p>Speaking on the occasion, Executive Chairman of IME Ltd Chandra Prasad Dhakal said, &ldquo;The start of services between IME and Weizmann will open new doors for Nepali migrant workers in India. Weizmann is a leading player in the retail foreign exchange market while IME is the largest remittance company in Nepal and this new service will help remittance inflow from India facilitate people to send money easily to Nepal. We believe that with this money transfer service corridor in place, it would be highly beneficial to the Nepalis residing in India, to send money to their friends and family in Nepal.&rdquo;</p>

<p>Speaking on the occasion Sandeep Sharma, business head of Weizmann Impex Service Enterprise Ltd said, &ldquo;Weizmann is one of the largest companies that has helped more than 25 million customers to receive monies from their relatives living aboard. We are delighted to partner with IME Ltd in order to extend our offering to Nepalis working in India, who wish to send money to their relatives living in Nepal. IME&rsquo;s reach in Nepal and our presence in India coupled with best in class technology will surely add ease to the lives of close to over 5 million Nepalis living in India and their relatives back home.&rdquo;</p>
',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6679',
			'article_category_id' => '1',
			'title' => 'Yeti Airlines Partners with UN for SDGs',
			'sub_title' => '',
			'summary' => 'October 10: Yeti Airlines has started displaying the United Nations’ Sustainable Development Goals logo in its aircrafts.',
			'content' => '<p>October 10: Yeti Airlines has started displaying the United Nations&rsquo; Sustainable Development Goals logo in its aircrafts. The SDG-branded logo was unveiled amid a function at the Tribhuvan International Airport on September 25, the airlines informed.&nbsp;</p>

<p>With its SDG-branded aircraft, shuttle buses, handy SDG leaflets, donate now link inclusion in Yeti Airlines official website, branding of the boarding pass and social media campaigns, the airline is expected to reach thousands of people with concrete and action-oriented messages on the global goals, the company said in a statement.</p>

<p>&nbsp;&ldquo;This is a powerful example to show the world that in partnership with the private sector, the sustainable development agenda can really take off. We are highly pleased to finally see these aeroplanes flying in Nepali skies spreading the messages on how we can tackle some of the world&rsquo;s biggest challenges,&rdquo; the statement quoted UNDP Country Director Renaud Meyer as saying.</p>

<p>&nbsp;&ldquo;In Nepal, we have been exploring ways in which the United Nations could help the local businesses grow more responsible and SDG friendly. With Yeti, we hope to soon unveil equally inspiring joint initiatives that help Nepal meet the global goals by 2030,&rdquo; he added.</p>

<p>Yeti Airlines said it is one of the first in Nepal&rsquo;s private sector to partner with the United Nations to promote the SDGs and address many key issues facing Nepal over the next 15 years, and by branding its aircraft with the logos, Yeti and the UN is helping bring the SDGs to the entire country.</p>

<p>Yeti Airlines added that the branding of its ATR 72-500 aircraft with the UN SDGs logo demonstrates the company&rsquo;s continuing commitment to promote the UN goals wherever possible and to do what it can to assist Nepal achieve them.</p>

<p>&ldquo;We thank the United Nations for the opportunity to support these worthy goals,&rdquo; the company said in the statement.</p>

<p>The initiative is part of the airlines&rsquo; on-going partnership with the United Nations in Nepal for the promotion and achievement of the SDGs. Following an agreement earlier in May, the airliner and the UN have come forward with a series of joint programmes and activities aimed at raising awareness on the SDGs and helping Nepal meet some of the global goals targets, according to the press statement.</p>

<p>Under the partnership, Yeti Airlines informed that it would also collaborate with the UN to explore, adopt and promote innovative and sustainable business models in the aviation and tourism industry that would help Nepal meet some specific SDG indicators in the areas of climate change adaptation, poverty reduction and gender equality.</p>

<p>Adopted by the UN Member States, including Nepal, in September 2015, the SDGs, also known as the Global Goals, are a bold, universal agreement to end poverty in all its dimensions and craft an equal, just and secure world &ndash; for the people, the planet and prosperity &ndash; by 2030.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 10 => array(
		'Article' => array(
			'id' => '6674',
			'article_category_id' => '1',
			'title' => 'City Express Announces Winners',
			'sub_title' => '',
			'summary' => 'October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. ',
			'content' => '<p>October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. The winners of silver coins and Oppo phones were decided by electronic lucky draw, informed the company.</p>

<p>Under the scheme, Shiva Khanal, Bal Kumar Sunuwar, Samjhana Dhakal, Janakmaya Lama, Ramwati Sarwaria, Niru Subedi, Pramila Giri, Yukesh Shrestha, Hem Kumari Magar, Bhakta Bahadur Tamang, Danmaya Rana Magar, Fulmaya Ghalan, Omsari Pun, Hira Purkoti, Laxmi Gharti, Rukmaya Rai, Aashik Gurung and Ganga Bahadur Pun were declared the winners of silver coins.</p>

<p>Likewise, Rupesh Rana Magar and Ummaya Gurung were the winners of Oppo phones, the company said in a statement.</p>

<p>The company has announced the scheme on the occasion of Dashain, Tihar and Chhath.</p>
',
			'published' => true,
			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6457',
			'image' => null,
			'article_date' => '2017-10-09 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6673',
			'article_category_id' => '1',
			'title' => 'Natural Gas Detected in Rapti',
			'sub_title' => '',
			'summary' => 'October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. ',
			'content' => '<p>October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. The team led by the department&rsquo;s deputy director general, Sudhir Rajaure, inspected the site on Saturday, October 7.</p>

<p>Rajaure confirmed the presence of natural gas underneath the bank of the Rapti River and added that the nature of the gas will be determined after further tests.</p>

<p>&ldquo;We can determine whether it is petroleum gas or methane gas only after detailed tests,&rdquo; said Rajaure.</p>

<p>He informed that the Department of Mines and Geology will send a team for detailed study within a month.</p>

<p>It was reported that natural gas was present in a area between Dang&rsquo;s Gadhwa Village Municipality-7, Jharbaira; Lamahi Municipality-5, Kolahi and Lamahi Municipality-6, Langadhi. &nbsp;&nbsp;</p>
',
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			'sortorder' => '6456',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6672',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Organises Cycle Rally',
			'sub_title' => '',
			'summary' => 'October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary.',
			'content' => '<p>October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary. The rally with slogan &lsquo;You and us, together for development&rsquo; started from the bank&rsquo;s head office at Gairidhara and reached Chabahil, Maharajgunj, Kamalpokhari, New Road, Kalimati, Balkhu, Kirtipur, Pulchowk, Shankhamul, Tinkune, Gaushala, and ended at Gairidhara. The bank informed that it would conduct various social activities for a month to celebrate its anniversary.</p>
',
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			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6455',
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			'article_date' => '2017-10-09 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6671',
			'article_category_id' => '1',
			'title' => 'Tourist Influx Increases in Peak Season',
			'sub_title' => '',
			'summary' => 'October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.',
			'content' => '<p>October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.</p>

<p>&ldquo;The occupancy till Dashain festival was 65 percent and is believed to go up to 75 percent,&rdquo; said Binayak Shah, secretary general of Hotel Association of Nepal (HAN). He added that the occupancy has been going up as the conference of Non-Resident Nepalis (NRN) is going to be held in Nepal.</p>

<p>NRN representatives have arrived in Nepal at the moment. All of them are international passport holders. He said that the season is appropriate for tourists&rsquo; arrival and the booking of hotel rooms has increased because of NRN conference.</p>

<p>&ldquo;NRNs have been considered as tourists as they hold international passport despite the fact that they are Nepalis,&rdquo; Shah added.</p>

<p>Shah stated not only NRNs but the number of tourists from neighboring countries like China and India has also grown. The arrival of tourists from China and India in comparison to other countries is high as they can opt to enter Nepal through airways or roadways.</p>

<p>According to estimates made by tourism entrepreneurs, the influx of tourists is expected to be higher than that of the previous year.</p>

<p>Shah said the number of tourists who visit Nepal for business and other purposes has grown along with tourists who visit Nepal for adventure sports and climbing mountain.</p>

<p>&ldquo;We always label people as tourists only if they come for recreational purpose but there are hundreds of foreigners in Nepal who come for business and reconstruction purpose,&rdquo; Shah told New Business Age, adding, &ldquo;People living in Nepal as representatives of international non-governmental organizations (INGOs) working for reconstruction projects after the April and May, 2015 earthquakes in Nepal have been contributing in tourism sector of Nepal.&rdquo;</p>

<p>Likewise, the number of traders and business persons from India and China has grown in Nepal, he further added.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6454',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6670',
			'article_category_id' => '1',
			'title' => 'IB Provides LoI to Non-Life Insurers After a Decade',
			'sub_title' => '',
			'summary' => 'October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.',
			'content' => '<p>October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.</p>

<p>A meeting of IB&rsquo;s Board of Directors (BoD) on September 20 has given green signal to three of the total four non-life insurance companies which had sought permission for operating business almost ten years ago.</p>

<p>The companies which have received LoI are Ajod Insurance Company, General Insurance Company Nepal and Sanima Insurance Company.</p>

<p>These companies had applied for LoI in April 2008, December 2007 and August 2008, respectively.</p>

<p>Despite receiving the application in April 2009, the IB is yet to approve the application of Manakamana Insurance Company.</p>

<p>According to Sambha Raj Lammichhane, an officer at the monitoring department of IB, the board has not approved the application of the company as it has failed to submit all the necessary documents.</p>

<p>The IB provides LoI to the companies only if they meet the capital requirement as per the criteria set by the board and if the promoters are not in the blacklist.&nbsp;</p>

<p>The three companies which have received LoI should follow all the criteria and construct the infrastructure within the next three months. If the companies fulfill all the criteria, then IB will inspect the insurers to give them permission to start business.</p>

<p>As per the rules, IB can approve the applications of non-life insurance companies, while life insurance companies should seek permission from the Ministry of Finance (MoF) to start business.</p>

<p>&nbsp;</p>
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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
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		'Article' => array(
			'id' => '6687',
			'article_category_id' => '1',
			'title' => 'Nabil Bank Gets ISO Certification',
			'sub_title' => '',
			'summary' => 'October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification.',
			'content' => '<p>October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification. Issuing a press statement, the bank said it has become the first commercial bank of the country to be certified with ISO 9001:2015. The bank informed that the United Registrar of Systems of the Great Britain conferred it with the certificate. The bank&rsquo;s CEO Sashin Joshi informed that they received the certificate for their gradual improvement in banking practice and system and for adopting smart management.</p>
',
			'published' => true,
			'created' => '2017-10-11',
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			'keywords' => '',
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			'sortorder' => '6470',
			'image' => '20171011015157_nabil.jpg',
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		'Article' => array(
			'id' => '6686',
			'article_category_id' => '1',
			'title' => 'NEEK Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8.',
			'content' => '<p>October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8. The company was established in the year 2049 BS. Issuing a press statement, NEEK said it is one of the first companies to have produced electrical transformers through foreign investment and technology.</p>

<p>&ldquo;So far, the company has made and sold 5000 KVA capacity electrical transformers in the national and international market,&rdquo; reads the press statement.</p>

<p>NEEK gifted one 25 KVA capacity electrical transformer to Gramin Samaudayik Sansthan on the occasion of its silver jubilee. Under its social responsibility, the company also provided scholarships to four final-year engineering students who are studying about electrical transformers at Pulchowk Engineering College, Patan.&nbsp;</p>

<p>NEEK said it has been producing and selling 1 KVA-5000 KVA capacity electrical transformers till now and will upgrade them to 1 KVA-10000 KVA (voltage system 1 KV-132 KV capacity) electrical transformers in the fiscal year 2017/18.&nbsp;</p>
',
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			'created' => '2017-10-11',
			'modified' => '2017-10-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6469',
			'image' => '20171011011150_neek.jpg',
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		'Article' => array(
			'id' => '6685',
			'article_category_id' => '1',
			'title' => 'Summit Air Adds New Aircraft to its Fleet',
			'sub_title' => '',
			'summary' => 'October 11: Summit Air has brought a new 18-seater airplane into operation.',
			'content' => '<p>October 11: Summit Air has brought a new 18-seater airplane into operation. The airliner informed that the Czechoslovakia-built plane LET 40 has been in operation for less than 2,000 hours.</p>

<p>With the addition of the new aircraft, Summit Air&rsquo;s fleet has now reached four in number. The aircraft has modern technologies including weather radar and auto-pilot system, the company informed in a statement.</p>

<p>The aircraft is best suited for Short Take Off and Landing (STOL). The company informed that the aircraft will start flights to eastern, western and mid western regions upon getting clearance from the Civil Aviation Authority of Nepal. Summit Air was previously known as Goma Air.&nbsp;</p>

<p>&nbsp;</p>
',
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			'title' => 'Garima Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. ',
			'content' => '<p>October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. Nepal Rastra bank&rsquo;s Deputy Governor Shivaraj Shrestha inaugurated the branch amid a function on Monday, Oct 9. During the occasion, the banks CEO Govinda Prasad Dhakal shed light on the bank&rsquo;s services and future plans. This is the 48<sup>th</sup> branch of the bank. Garima Bikas Bank was formed after the merger of Nilgiri Bikash Bank, headquartered at Myagdi, and Chitwan-based Suvechha Bikas Bank. The head office of the bank is in Lazimpat, Kathmandu. The bank will soon open another branch in Rupandehi&rsquo;s Manigran, informed Dhakal.</p>
',
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		'Article' => array(
			'id' => '6683',
			'article_category_id' => '1',
			'title' => 'Builders and Contractors Protest the Killing of FCAN Chairman',
			'sub_title' => '',
			'summary' => 'October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors’ Association Nepal Chairman Sharad Kumar Gauchan on Monday. ',
			'content' => '<p>October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors&rsquo; Association Nepal Chairman Sharad Kumar Gauchan on Monday. The contractors have warned of stopping development works across the nation in protest of the murder in the heart of the capital in broad daylight. They say that Gasuchan&rsquo;s killing has discouraged running business in the country.</p>

<p>The contractors and other entrepreneurs who gathered at Civil Hospital after the incident termed the attack gruesome and inhumane and demanded stern action against the perpetrators. The agitated entrepreneurs also demanded resignation of home minister and warned that they would halt development works until the assailants are booked.</p>

<p>The protests caused obstruction of vehicular movement along the Baneshwar-Tinkune road section for some time in the afternoon.</p>

<p>Gauchan was shot dead by unidentified assailants at Baneshwar&rsquo;s Kharibot on Monday, October 9.</p>
',
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			'created' => '2017-10-10',
			'modified' => '2017-10-10',
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			'description' => '',
			'sortorder' => '6466',
			'image' => '20171010034405_Clipboard01.jpg',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6682',
			'article_category_id' => '1',
			'title' => '‘Made in Nepal’ Can be Powerful Brand in the US: Teplitz',
			'sub_title' => '',
			'summary' => 'October 10: Nepali traders can leave the mark of their products in the United States and ‘Made in Nepal’ can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,  on Tuesday.',
			'content' => '<p>October 10: Nepali traders can leave the mark of their products in the United States and &lsquo;Made in Nepal&rsquo; can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,&nbsp;&nbsp;on Tuesday.</p>

<p>Speaking at a workshop organized in Kathmandu, the US ambassador to Nepal also urged the government of Nepal to bring new policies which encourage and support the private sector to increase the production of the country, which will ultimately help to reduce the ballooning trade deficit.</p>

<p>The workshop entitled &lsquo;Enhancing Nepal-US Trade by Utilizing Trade Preference Program&rsquo; was jointly organized by Pavilion Group and the US Embassy in Nepal. The workshop was organized with an aim to make entrepreneurs, traders, government officials and stakeholders aware about the benefits, opportunities and possibilities of Nepal Trade Preference Program (NTPP), under which the US government provides duty-free offer for 77 different commodities while importing goods from Nepal.</p>

<p>The goods which are in the duty-free list include carpets, shawls, hand luggage, travelling goods, among others. The program was introduced by the US government to help revive the economy of Nepal, which was struck by a massive earthquake back in 2015.</p>

<p>Despite the US being the second biggest importer of goods among the least developed countries (LDC), Nepal only managed to export goods worth $89 million to the US in 2016.</p>

<p>&ldquo;Nepal has failed to take huge benefit from the program. The program was passed by the US government to work together on the economic prosperity of Nepal,&rdquo; Teplitz said, adding that the private sector should also take initiative and work seriously to create new jobs and boost the production of the nation.</p>

<p>Nepal enjoys the benefits of NTTP till the end of 2025. Addressing the workshop, Teplitz asked the Nepali traders and entrepreneurs to hurry up and take huge benefit from the program, as it will end within the next eight years.</p>

<p>&ldquo;There is a huge Nepali community in the US, and the local people there also love Nepali products, so both the country can benefit from the program,&rdquo; she says.</p>

<p>Likewise, Arjun Kumar Karki, Nepali ambassador to the US, also accepted the fact that Nepal has failed to fully utilize the program. &ldquo;This program passed by the US government can turn very fruitful for the entrepreneurs, if they focus on exporting the items which have duty-free access rather than demanding access for other expensive products. The trade generated from the program will surely help on poverty reduction and socio-economic development of Nepal,&rdquo; he added.</p>

<p>The workshop was also attended by entrepreneurs, traders, government officials, and other officials of the US Embassy in Kathmandu.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-10',
			'modified' => '2017-10-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6465',
			'image' => '20171011021716_US trade Hotel Annapurna (1).jpg',
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	(int) 6 => array(
		'Article' => array(
			'id' => '6681',
			'article_category_id' => '1',
			'title' => 'Nepali Brand Bicycles Available in Market                                                           ',
			'sub_title' => '',
			'summary' => 'October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. ',
			'content' => '<p>October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. The distribution of bicycle brands, &lsquo;Gorkha&rsquo; and &lsquo;Bagwan&rsquo; has started in the market, according to M Bagwan, operator of Bagwan Cycle Suppliers.</p>

<p>Bagwan has been involved in the business of selling cycles in the name of Gorkha and Bagwan Cycle Suppliers Firm for more than two decades. &ldquo;We had been selling bicycles of other brands till now,&rdquo; Bagwan said, adding, &ldquo;We have started selling our own brand now.&rdquo;</p>

<p>The products are assembled in China.</p>

<p>The bicycles have been prepared in a way that they can be used in the plains, hills and the mountains, informed Bhagwan. &ldquo;This is a mountain bike but can be ridden everywhere,&rdquo; Bagwan told New Business Age, adding, &ldquo;The price of the bikes starts from a minimum of Rs 10,000.&rdquo;</p>

<p>He said the bicycles have been prepared with an aim to make the brand recognizable for its quality all over the country. Lately, bicycles that cost up to Rs 100,000 has been in the market. &ldquo;People who own cars worth millions show interest in riding bicycles.&rdquo;&nbsp;</p>
',
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			'created' => '2017-10-10',
			'modified' => '2017-10-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6464',
			'image' => '20171010024654_bik.jpg',
			'article_date' => '2017-10-10 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6675',
			'article_category_id' => '1',
			'title' => 'FCAN Chairman Shot Dead',
			'sub_title' => '',
			'summary' => 'October 10: Federation of Contractors’ Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. ',
			'content' => '<p style="text-align:justify">October 10: Federation of Contractors&rsquo; Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. Unknown assailants opened fire at Gauchan at Prayagmarga Chowk of New Baneshwar while he was on his way to Anamnagar-based FCAN office from his home at Shantinagar.</p>

<p>Gauchan was travelling on his Toyota Prado jeep with registration number Ba 13 Cha 4948 when he was stopped by a group of criminals at 3 pm and shot dead. Police were yet to nab the assailants till late Monday night.</p>

<p>The Metropolitan Police Range said that it has intensified investigation into the case but declined to divulge further details.</p>

<p>Although the police claimed that they have arrested three persons with pistol from Bauddha area, it is not yet confirmed whether they were involved in the same case or not.</p>

<p>According to eyewitnesses, the assailants first threw a brick in front of the driver&rsquo;s window and then opened fire at Gauchan, who was seated in the front row besides the driver. &nbsp;&nbsp;</p>

<p>There were marks of two shots on the front window of the jeep. After the assault, the attackers used a motorbike parked nearby and fled towards Katyani Chowk, according to the eyewitnesses.</p>

<p>Although Gauchan&rsquo;s driver took him to Civil Hospital, doctors pronounced him dead on arrival. According to Dr Bimal Thapa, Gauchan sustained bullets injuries to his heart, liver and in between the two vital organs.</p>

<p>After the death of Gauchan, callers from unidentified numbers have started threatening other builders and contractors. FCAN General Secretary Ram Sharah Deuja informed that the blackmailers have been seeking millions of rupees in ransom from them.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-09',
			'modified' => '2017-10-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6463',
			'image' => '20171009041445_20171009035712_Sarad Kumar Gauchan.JPG',
			'article_date' => '2017-10-09 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '6680',
			'article_category_id' => '1',
			'title' => 'IME and Weizmann Jointly Launch Indo-Nepal Remittance Service',
			'sub_title' => '',
			'summary' => 'October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services.',
			'content' => '<p>October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services. Through this partnership, Nepali migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann&rsquo;s 200 branches and 14,000 plus retail agents across India, reads a joint statement issued by the companies.</p>

<p>The recipients in Nepal can receive the amount through more than 6800 local agents of IME in Nepal. IME said it will provide account deposit facilities to these customers besides cash payment options.</p>

<p>Speaking on the occasion, Executive Chairman of IME Ltd Chandra Prasad Dhakal said, &ldquo;The start of services between IME and Weizmann will open new doors for Nepali migrant workers in India. Weizmann is a leading player in the retail foreign exchange market while IME is the largest remittance company in Nepal and this new service will help remittance inflow from India facilitate people to send money easily to Nepal. We believe that with this money transfer service corridor in place, it would be highly beneficial to the Nepalis residing in India, to send money to their friends and family in Nepal.&rdquo;</p>

<p>Speaking on the occasion Sandeep Sharma, business head of Weizmann Impex Service Enterprise Ltd said, &ldquo;Weizmann is one of the largest companies that has helped more than 25 million customers to receive monies from their relatives living aboard. We are delighted to partner with IME Ltd in order to extend our offering to Nepalis working in India, who wish to send money to their relatives living in Nepal. IME&rsquo;s reach in Nepal and our presence in India coupled with best in class technology will surely add ease to the lives of close to over 5 million Nepalis living in India and their relatives back home.&rdquo;</p>
',
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			'sortorder' => '6462',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6679',
			'article_category_id' => '1',
			'title' => 'Yeti Airlines Partners with UN for SDGs',
			'sub_title' => '',
			'summary' => 'October 10: Yeti Airlines has started displaying the United Nations’ Sustainable Development Goals logo in its aircrafts.',
			'content' => '<p>October 10: Yeti Airlines has started displaying the United Nations&rsquo; Sustainable Development Goals logo in its aircrafts. The SDG-branded logo was unveiled amid a function at the Tribhuvan International Airport on September 25, the airlines informed.&nbsp;</p>

<p>With its SDG-branded aircraft, shuttle buses, handy SDG leaflets, donate now link inclusion in Yeti Airlines official website, branding of the boarding pass and social media campaigns, the airline is expected to reach thousands of people with concrete and action-oriented messages on the global goals, the company said in a statement.</p>

<p>&nbsp;&ldquo;This is a powerful example to show the world that in partnership with the private sector, the sustainable development agenda can really take off. We are highly pleased to finally see these aeroplanes flying in Nepali skies spreading the messages on how we can tackle some of the world&rsquo;s biggest challenges,&rdquo; the statement quoted UNDP Country Director Renaud Meyer as saying.</p>

<p>&nbsp;&ldquo;In Nepal, we have been exploring ways in which the United Nations could help the local businesses grow more responsible and SDG friendly. With Yeti, we hope to soon unveil equally inspiring joint initiatives that help Nepal meet the global goals by 2030,&rdquo; he added.</p>

<p>Yeti Airlines said it is one of the first in Nepal&rsquo;s private sector to partner with the United Nations to promote the SDGs and address many key issues facing Nepal over the next 15 years, and by branding its aircraft with the logos, Yeti and the UN is helping bring the SDGs to the entire country.</p>

<p>Yeti Airlines added that the branding of its ATR 72-500 aircraft with the UN SDGs logo demonstrates the company&rsquo;s continuing commitment to promote the UN goals wherever possible and to do what it can to assist Nepal achieve them.</p>

<p>&ldquo;We thank the United Nations for the opportunity to support these worthy goals,&rdquo; the company said in the statement.</p>

<p>The initiative is part of the airlines&rsquo; on-going partnership with the United Nations in Nepal for the promotion and achievement of the SDGs. Following an agreement earlier in May, the airliner and the UN have come forward with a series of joint programmes and activities aimed at raising awareness on the SDGs and helping Nepal meet some of the global goals targets, according to the press statement.</p>

<p>Under the partnership, Yeti Airlines informed that it would also collaborate with the UN to explore, adopt and promote innovative and sustainable business models in the aviation and tourism industry that would help Nepal meet some specific SDG indicators in the areas of climate change adaptation, poverty reduction and gender equality.</p>

<p>Adopted by the UN Member States, including Nepal, in September 2015, the SDGs, also known as the Global Goals, are a bold, universal agreement to end poverty in all its dimensions and craft an equal, just and secure world &ndash; for the people, the planet and prosperity &ndash; by 2030.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6458',
			'image' => '20171010123633__MG_9871.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '6674',
			'article_category_id' => '1',
			'title' => 'City Express Announces Winners',
			'sub_title' => '',
			'summary' => 'October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. ',
			'content' => '<p>October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. The winners of silver coins and Oppo phones were decided by electronic lucky draw, informed the company.</p>

<p>Under the scheme, Shiva Khanal, Bal Kumar Sunuwar, Samjhana Dhakal, Janakmaya Lama, Ramwati Sarwaria, Niru Subedi, Pramila Giri, Yukesh Shrestha, Hem Kumari Magar, Bhakta Bahadur Tamang, Danmaya Rana Magar, Fulmaya Ghalan, Omsari Pun, Hira Purkoti, Laxmi Gharti, Rukmaya Rai, Aashik Gurung and Ganga Bahadur Pun were declared the winners of silver coins.</p>

<p>Likewise, Rupesh Rana Magar and Ummaya Gurung were the winners of Oppo phones, the company said in a statement.</p>

<p>The company has announced the scheme on the occasion of Dashain, Tihar and Chhath.</p>
',
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			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6457',
			'image' => null,
			'article_date' => '2017-10-09 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6673',
			'article_category_id' => '1',
			'title' => 'Natural Gas Detected in Rapti',
			'sub_title' => '',
			'summary' => 'October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. ',
			'content' => '<p>October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. The team led by the department&rsquo;s deputy director general, Sudhir Rajaure, inspected the site on Saturday, October 7.</p>

<p>Rajaure confirmed the presence of natural gas underneath the bank of the Rapti River and added that the nature of the gas will be determined after further tests.</p>

<p>&ldquo;We can determine whether it is petroleum gas or methane gas only after detailed tests,&rdquo; said Rajaure.</p>

<p>He informed that the Department of Mines and Geology will send a team for detailed study within a month.</p>

<p>It was reported that natural gas was present in a area between Dang&rsquo;s Gadhwa Village Municipality-7, Jharbaira; Lamahi Municipality-5, Kolahi and Lamahi Municipality-6, Langadhi. &nbsp;&nbsp;</p>
',
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			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6456',
			'image' => null,
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	(int) 12 => array(
		'Article' => array(
			'id' => '6672',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Organises Cycle Rally',
			'sub_title' => '',
			'summary' => 'October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary.',
			'content' => '<p>October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary. The rally with slogan &lsquo;You and us, together for development&rsquo; started from the bank&rsquo;s head office at Gairidhara and reached Chabahil, Maharajgunj, Kamalpokhari, New Road, Kalimati, Balkhu, Kirtipur, Pulchowk, Shankhamul, Tinkune, Gaushala, and ended at Gairidhara. The bank informed that it would conduct various social activities for a month to celebrate its anniversary.</p>
',
			'published' => true,
			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6455',
			'image' => null,
			'article_date' => '2017-10-09 00:00:00',
			'homepage' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '6671',
			'article_category_id' => '1',
			'title' => 'Tourist Influx Increases in Peak Season',
			'sub_title' => '',
			'summary' => 'October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.',
			'content' => '<p>October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.</p>

<p>&ldquo;The occupancy till Dashain festival was 65 percent and is believed to go up to 75 percent,&rdquo; said Binayak Shah, secretary general of Hotel Association of Nepal (HAN). He added that the occupancy has been going up as the conference of Non-Resident Nepalis (NRN) is going to be held in Nepal.</p>

<p>NRN representatives have arrived in Nepal at the moment. All of them are international passport holders. He said that the season is appropriate for tourists&rsquo; arrival and the booking of hotel rooms has increased because of NRN conference.</p>

<p>&ldquo;NRNs have been considered as tourists as they hold international passport despite the fact that they are Nepalis,&rdquo; Shah added.</p>

<p>Shah stated not only NRNs but the number of tourists from neighboring countries like China and India has also grown. The arrival of tourists from China and India in comparison to other countries is high as they can opt to enter Nepal through airways or roadways.</p>

<p>According to estimates made by tourism entrepreneurs, the influx of tourists is expected to be higher than that of the previous year.</p>

<p>Shah said the number of tourists who visit Nepal for business and other purposes has grown along with tourists who visit Nepal for adventure sports and climbing mountain.</p>

<p>&ldquo;We always label people as tourists only if they come for recreational purpose but there are hundreds of foreigners in Nepal who come for business and reconstruction purpose,&rdquo; Shah told New Business Age, adding, &ldquo;People living in Nepal as representatives of international non-governmental organizations (INGOs) working for reconstruction projects after the April and May, 2015 earthquakes in Nepal have been contributing in tourism sector of Nepal.&rdquo;</p>

<p>Likewise, the number of traders and business persons from India and China has grown in Nepal, he further added.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6454',
			'image' => null,
			'article_date' => '2017-10-09 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '6670',
			'article_category_id' => '1',
			'title' => 'IB Provides LoI to Non-Life Insurers After a Decade',
			'sub_title' => '',
			'summary' => 'October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.',
			'content' => '<p>October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.</p>

<p>A meeting of IB&rsquo;s Board of Directors (BoD) on September 20 has given green signal to three of the total four non-life insurance companies which had sought permission for operating business almost ten years ago.</p>

<p>The companies which have received LoI are Ajod Insurance Company, General Insurance Company Nepal and Sanima Insurance Company.</p>

<p>These companies had applied for LoI in April 2008, December 2007 and August 2008, respectively.</p>

<p>Despite receiving the application in April 2009, the IB is yet to approve the application of Manakamana Insurance Company.</p>

<p>According to Sambha Raj Lammichhane, an officer at the monitoring department of IB, the board has not approved the application of the company as it has failed to submit all the necessary documents.</p>

<p>The IB provides LoI to the companies only if they meet the capital requirement as per the criteria set by the board and if the promoters are not in the blacklist.&nbsp;</p>

<p>The three companies which have received LoI should follow all the criteria and construct the infrastructure within the next three months. If the companies fulfill all the criteria, then IB will inspect the insurers to give them permission to start business.</p>

<p>As per the rules, IB can approve the applications of non-life insurance companies, while life insurance companies should seek permission from the Ministry of Finance (MoF) to start business.</p>

<p>&nbsp;</p>
',
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'id' => '6687',
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			'title' => 'Nabil Bank Gets ISO Certification',
			'sub_title' => '',
			'summary' => 'October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification.',
			'content' => '<p>October 11: Nabil Bank has become the first commercial bank of Nepal to receive ISO certification. Issuing a press statement, the bank said it has become the first commercial bank of the country to be certified with ISO 9001:2015. The bank informed that the United Registrar of Systems of the Great Britain conferred it with the certificate. The bank&rsquo;s CEO Sashin Joshi informed that they received the certificate for their gradual improvement in banking practice and system and for adopting smart management.</p>
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			'id' => '6686',
			'article_category_id' => '1',
			'title' => 'NEEK Celebrates Silver Jubilee',
			'sub_title' => '',
			'summary' => 'October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8.',
			'content' => '<p>October 11: Nepal Ekarat Engineering Company (NEEK) celebrated its silver jubilee at the Hotel Yak and Yeti, Durbarmarg on October 8. The company was established in the year 2049 BS. Issuing a press statement, NEEK said it is one of the first companies to have produced electrical transformers through foreign investment and technology.</p>

<p>&ldquo;So far, the company has made and sold 5000 KVA capacity electrical transformers in the national and international market,&rdquo; reads the press statement.</p>

<p>NEEK gifted one 25 KVA capacity electrical transformer to Gramin Samaudayik Sansthan on the occasion of its silver jubilee. Under its social responsibility, the company also provided scholarships to four final-year engineering students who are studying about electrical transformers at Pulchowk Engineering College, Patan.&nbsp;</p>

<p>NEEK said it has been producing and selling 1 KVA-5000 KVA capacity electrical transformers till now and will upgrade them to 1 KVA-10000 KVA (voltage system 1 KV-132 KV capacity) electrical transformers in the fiscal year 2017/18.&nbsp;</p>
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			'sortorder' => '6469',
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			'id' => '6685',
			'article_category_id' => '1',
			'title' => 'Summit Air Adds New Aircraft to its Fleet',
			'sub_title' => '',
			'summary' => 'October 11: Summit Air has brought a new 18-seater airplane into operation.',
			'content' => '<p>October 11: Summit Air has brought a new 18-seater airplane into operation. The airliner informed that the Czechoslovakia-built plane LET 40 has been in operation for less than 2,000 hours.</p>

<p>With the addition of the new aircraft, Summit Air&rsquo;s fleet has now reached four in number. The aircraft has modern technologies including weather radar and auto-pilot system, the company informed in a statement.</p>

<p>The aircraft is best suited for Short Take Off and Landing (STOL). The company informed that the aircraft will start flights to eastern, western and mid western regions upon getting clearance from the Civil Aviation Authority of Nepal. Summit Air was previously known as Goma Air.&nbsp;</p>

<p>&nbsp;</p>
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			'id' => '6684',
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			'title' => 'Garima Bikas Bank Opens New Branch',
			'sub_title' => '',
			'summary' => 'October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. ',
			'content' => '<p>October 10: Garima Bikas Bank has opened a new branch at New Road, Kathmandu. Nepal Rastra bank&rsquo;s Deputy Governor Shivaraj Shrestha inaugurated the branch amid a function on Monday, Oct 9. During the occasion, the banks CEO Govinda Prasad Dhakal shed light on the bank&rsquo;s services and future plans. This is the 48<sup>th</sup> branch of the bank. Garima Bikas Bank was formed after the merger of Nilgiri Bikash Bank, headquartered at Myagdi, and Chitwan-based Suvechha Bikas Bank. The head office of the bank is in Lazimpat, Kathmandu. The bank will soon open another branch in Rupandehi&rsquo;s Manigran, informed Dhakal.</p>
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			'sortorder' => '6467',
			'image' => '20171010045256_garima.jpg',
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			'id' => '6683',
			'article_category_id' => '1',
			'title' => 'Builders and Contractors Protest the Killing of FCAN Chairman',
			'sub_title' => '',
			'summary' => 'October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors’ Association Nepal Chairman Sharad Kumar Gauchan on Monday. ',
			'content' => '<p>October 10: Development works are likely to be hit by the protests organised by builders and contractors following the murder of Federation of Contractors&rsquo; Association Nepal Chairman Sharad Kumar Gauchan on Monday. The contractors have warned of stopping development works across the nation in protest of the murder in the heart of the capital in broad daylight. They say that Gasuchan&rsquo;s killing has discouraged running business in the country.</p>

<p>The contractors and other entrepreneurs who gathered at Civil Hospital after the incident termed the attack gruesome and inhumane and demanded stern action against the perpetrators. The agitated entrepreneurs also demanded resignation of home minister and warned that they would halt development works until the assailants are booked.</p>

<p>The protests caused obstruction of vehicular movement along the Baneshwar-Tinkune road section for some time in the afternoon.</p>

<p>Gauchan was shot dead by unidentified assailants at Baneshwar&rsquo;s Kharibot on Monday, October 9.</p>
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		'Article' => array(
			'id' => '6682',
			'article_category_id' => '1',
			'title' => '‘Made in Nepal’ Can be Powerful Brand in the US: Teplitz',
			'sub_title' => '',
			'summary' => 'October 10: Nepali traders can leave the mark of their products in the United States and ‘Made in Nepal’ can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,  on Tuesday.',
			'content' => '<p>October 10: Nepali traders can leave the mark of their products in the United States and &lsquo;Made in Nepal&rsquo; can be a powerful brand in America if the government of Nepal and private sector work together to enhance the trade between the two countries, said Alaina B Teplitz, US ambassador to Nepal,&nbsp;&nbsp;on Tuesday.</p>

<p>Speaking at a workshop organized in Kathmandu, the US ambassador to Nepal also urged the government of Nepal to bring new policies which encourage and support the private sector to increase the production of the country, which will ultimately help to reduce the ballooning trade deficit.</p>

<p>The workshop entitled &lsquo;Enhancing Nepal-US Trade by Utilizing Trade Preference Program&rsquo; was jointly organized by Pavilion Group and the US Embassy in Nepal. The workshop was organized with an aim to make entrepreneurs, traders, government officials and stakeholders aware about the benefits, opportunities and possibilities of Nepal Trade Preference Program (NTPP), under which the US government provides duty-free offer for 77 different commodities while importing goods from Nepal.</p>

<p>The goods which are in the duty-free list include carpets, shawls, hand luggage, travelling goods, among others. The program was introduced by the US government to help revive the economy of Nepal, which was struck by a massive earthquake back in 2015.</p>

<p>Despite the US being the second biggest importer of goods among the least developed countries (LDC), Nepal only managed to export goods worth $89 million to the US in 2016.</p>

<p>&ldquo;Nepal has failed to take huge benefit from the program. The program was passed by the US government to work together on the economic prosperity of Nepal,&rdquo; Teplitz said, adding that the private sector should also take initiative and work seriously to create new jobs and boost the production of the nation.</p>

<p>Nepal enjoys the benefits of NTTP till the end of 2025. Addressing the workshop, Teplitz asked the Nepali traders and entrepreneurs to hurry up and take huge benefit from the program, as it will end within the next eight years.</p>

<p>&ldquo;There is a huge Nepali community in the US, and the local people there also love Nepali products, so both the country can benefit from the program,&rdquo; she says.</p>

<p>Likewise, Arjun Kumar Karki, Nepali ambassador to the US, also accepted the fact that Nepal has failed to fully utilize the program. &ldquo;This program passed by the US government can turn very fruitful for the entrepreneurs, if they focus on exporting the items which have duty-free access rather than demanding access for other expensive products. The trade generated from the program will surely help on poverty reduction and socio-economic development of Nepal,&rdquo; he added.</p>

<p>The workshop was also attended by entrepreneurs, traders, government officials, and other officials of the US Embassy in Kathmandu.</p>

<p>&nbsp;</p>
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			'id' => '6681',
			'article_category_id' => '1',
			'title' => 'Nepali Brand Bicycles Available in Market                                                           ',
			'sub_title' => '',
			'summary' => 'October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. ',
			'content' => '<p>October 10: The sales and distribution of Nepali brand bicycles have started in Nepalgunj for the first time. The distribution of bicycle brands, &lsquo;Gorkha&rsquo; and &lsquo;Bagwan&rsquo; has started in the market, according to M Bagwan, operator of Bagwan Cycle Suppliers.</p>

<p>Bagwan has been involved in the business of selling cycles in the name of Gorkha and Bagwan Cycle Suppliers Firm for more than two decades. &ldquo;We had been selling bicycles of other brands till now,&rdquo; Bagwan said, adding, &ldquo;We have started selling our own brand now.&rdquo;</p>

<p>The products are assembled in China.</p>

<p>The bicycles have been prepared in a way that they can be used in the plains, hills and the mountains, informed Bhagwan. &ldquo;This is a mountain bike but can be ridden everywhere,&rdquo; Bagwan told New Business Age, adding, &ldquo;The price of the bikes starts from a minimum of Rs 10,000.&rdquo;</p>

<p>He said the bicycles have been prepared with an aim to make the brand recognizable for its quality all over the country. Lately, bicycles that cost up to Rs 100,000 has been in the market. &ldquo;People who own cars worth millions show interest in riding bicycles.&rdquo;&nbsp;</p>
',
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			'id' => '6675',
			'article_category_id' => '1',
			'title' => 'FCAN Chairman Shot Dead',
			'sub_title' => '',
			'summary' => 'October 10: Federation of Contractors’ Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. ',
			'content' => '<p style="text-align:justify">October 10: Federation of Contractors&rsquo; Association Nepal (FCAN) Chairman Sharad Kumar Gauchan has been shot dead on Monday. Unknown assailants opened fire at Gauchan at Prayagmarga Chowk of New Baneshwar while he was on his way to Anamnagar-based FCAN office from his home at Shantinagar.</p>

<p>Gauchan was travelling on his Toyota Prado jeep with registration number Ba 13 Cha 4948 when he was stopped by a group of criminals at 3 pm and shot dead. Police were yet to nab the assailants till late Monday night.</p>

<p>The Metropolitan Police Range said that it has intensified investigation into the case but declined to divulge further details.</p>

<p>Although the police claimed that they have arrested three persons with pistol from Bauddha area, it is not yet confirmed whether they were involved in the same case or not.</p>

<p>According to eyewitnesses, the assailants first threw a brick in front of the driver&rsquo;s window and then opened fire at Gauchan, who was seated in the front row besides the driver. &nbsp;&nbsp;</p>

<p>There were marks of two shots on the front window of the jeep. After the assault, the attackers used a motorbike parked nearby and fled towards Katyani Chowk, according to the eyewitnesses.</p>

<p>Although Gauchan&rsquo;s driver took him to Civil Hospital, doctors pronounced him dead on arrival. According to Dr Bimal Thapa, Gauchan sustained bullets injuries to his heart, liver and in between the two vital organs.</p>

<p>After the death of Gauchan, callers from unidentified numbers have started threatening other builders and contractors. FCAN General Secretary Ram Sharah Deuja informed that the blackmailers have been seeking millions of rupees in ransom from them.&nbsp;</p>
',
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			'created' => '2017-10-09',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6463',
			'image' => '20171009041445_20171009035712_Sarad Kumar Gauchan.JPG',
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		'Article' => array(
			'id' => '6680',
			'article_category_id' => '1',
			'title' => 'IME and Weizmann Jointly Launch Indo-Nepal Remittance Service',
			'sub_title' => '',
			'summary' => 'October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services.',
			'content' => '<p>October 10: IME Ltd and Weizmann Impex Service Enterprise Ltd together have announced the launch Indo-Nepal Remittance services. Through this partnership, Nepali migrant workers in India can now easily remit money to Nepal which will be facilitated by Weizmann&rsquo;s 200 branches and 14,000 plus retail agents across India, reads a joint statement issued by the companies.</p>

<p>The recipients in Nepal can receive the amount through more than 6800 local agents of IME in Nepal. IME said it will provide account deposit facilities to these customers besides cash payment options.</p>

<p>Speaking on the occasion, Executive Chairman of IME Ltd Chandra Prasad Dhakal said, &ldquo;The start of services between IME and Weizmann will open new doors for Nepali migrant workers in India. Weizmann is a leading player in the retail foreign exchange market while IME is the largest remittance company in Nepal and this new service will help remittance inflow from India facilitate people to send money easily to Nepal. We believe that with this money transfer service corridor in place, it would be highly beneficial to the Nepalis residing in India, to send money to their friends and family in Nepal.&rdquo;</p>

<p>Speaking on the occasion Sandeep Sharma, business head of Weizmann Impex Service Enterprise Ltd said, &ldquo;Weizmann is one of the largest companies that has helped more than 25 million customers to receive monies from their relatives living aboard. We are delighted to partner with IME Ltd in order to extend our offering to Nepalis working in India, who wish to send money to their relatives living in Nepal. IME&rsquo;s reach in Nepal and our presence in India coupled with best in class technology will surely add ease to the lives of close to over 5 million Nepalis living in India and their relatives back home.&rdquo;</p>
',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6679',
			'article_category_id' => '1',
			'title' => 'Yeti Airlines Partners with UN for SDGs',
			'sub_title' => '',
			'summary' => 'October 10: Yeti Airlines has started displaying the United Nations’ Sustainable Development Goals logo in its aircrafts.',
			'content' => '<p>October 10: Yeti Airlines has started displaying the United Nations&rsquo; Sustainable Development Goals logo in its aircrafts. The SDG-branded logo was unveiled amid a function at the Tribhuvan International Airport on September 25, the airlines informed.&nbsp;</p>

<p>With its SDG-branded aircraft, shuttle buses, handy SDG leaflets, donate now link inclusion in Yeti Airlines official website, branding of the boarding pass and social media campaigns, the airline is expected to reach thousands of people with concrete and action-oriented messages on the global goals, the company said in a statement.</p>

<p>&nbsp;&ldquo;This is a powerful example to show the world that in partnership with the private sector, the sustainable development agenda can really take off. We are highly pleased to finally see these aeroplanes flying in Nepali skies spreading the messages on how we can tackle some of the world&rsquo;s biggest challenges,&rdquo; the statement quoted UNDP Country Director Renaud Meyer as saying.</p>

<p>&nbsp;&ldquo;In Nepal, we have been exploring ways in which the United Nations could help the local businesses grow more responsible and SDG friendly. With Yeti, we hope to soon unveil equally inspiring joint initiatives that help Nepal meet the global goals by 2030,&rdquo; he added.</p>

<p>Yeti Airlines said it is one of the first in Nepal&rsquo;s private sector to partner with the United Nations to promote the SDGs and address many key issues facing Nepal over the next 15 years, and by branding its aircraft with the logos, Yeti and the UN is helping bring the SDGs to the entire country.</p>

<p>Yeti Airlines added that the branding of its ATR 72-500 aircraft with the UN SDGs logo demonstrates the company&rsquo;s continuing commitment to promote the UN goals wherever possible and to do what it can to assist Nepal achieve them.</p>

<p>&ldquo;We thank the United Nations for the opportunity to support these worthy goals,&rdquo; the company said in the statement.</p>

<p>The initiative is part of the airlines&rsquo; on-going partnership with the United Nations in Nepal for the promotion and achievement of the SDGs. Following an agreement earlier in May, the airliner and the UN have come forward with a series of joint programmes and activities aimed at raising awareness on the SDGs and helping Nepal meet some of the global goals targets, according to the press statement.</p>

<p>Under the partnership, Yeti Airlines informed that it would also collaborate with the UN to explore, adopt and promote innovative and sustainable business models in the aviation and tourism industry that would help Nepal meet some specific SDG indicators in the areas of climate change adaptation, poverty reduction and gender equality.</p>

<p>Adopted by the UN Member States, including Nepal, in September 2015, the SDGs, also known as the Global Goals, are a bold, universal agreement to end poverty in all its dimensions and craft an equal, just and secure world &ndash; for the people, the planet and prosperity &ndash; by 2030.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '6674',
			'article_category_id' => '1',
			'title' => 'City Express Announces Winners',
			'sub_title' => '',
			'summary' => 'October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. ',
			'content' => '<p>October 9: City Express Money Transfer has announced the winner of its Utsav Express scheme. The winners of silver coins and Oppo phones were decided by electronic lucky draw, informed the company.</p>

<p>Under the scheme, Shiva Khanal, Bal Kumar Sunuwar, Samjhana Dhakal, Janakmaya Lama, Ramwati Sarwaria, Niru Subedi, Pramila Giri, Yukesh Shrestha, Hem Kumari Magar, Bhakta Bahadur Tamang, Danmaya Rana Magar, Fulmaya Ghalan, Omsari Pun, Hira Purkoti, Laxmi Gharti, Rukmaya Rai, Aashik Gurung and Ganga Bahadur Pun were declared the winners of silver coins.</p>

<p>Likewise, Rupesh Rana Magar and Ummaya Gurung were the winners of Oppo phones, the company said in a statement.</p>

<p>The company has announced the scheme on the occasion of Dashain, Tihar and Chhath.</p>
',
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			'sortorder' => '6457',
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		'Article' => array(
			'id' => '6673',
			'article_category_id' => '1',
			'title' => 'Natural Gas Detected in Rapti',
			'sub_title' => '',
			'summary' => 'October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. ',
			'content' => '<p>October 9: Officials from the Depart of Mines and Geology have made a field visit to Dang district to explore the possibility of natural gas after it was detected on the banks of the Rapti River. The team led by the department&rsquo;s deputy director general, Sudhir Rajaure, inspected the site on Saturday, October 7.</p>

<p>Rajaure confirmed the presence of natural gas underneath the bank of the Rapti River and added that the nature of the gas will be determined after further tests.</p>

<p>&ldquo;We can determine whether it is petroleum gas or methane gas only after detailed tests,&rdquo; said Rajaure.</p>

<p>He informed that the Department of Mines and Geology will send a team for detailed study within a month.</p>

<p>It was reported that natural gas was present in a area between Dang&rsquo;s Gadhwa Village Municipality-7, Jharbaira; Lamahi Municipality-5, Kolahi and Lamahi Municipality-6, Langadhi. &nbsp;&nbsp;</p>
',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6672',
			'article_category_id' => '1',
			'title' => 'Sunrise Bank Organises Cycle Rally',
			'sub_title' => '',
			'summary' => 'October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary.',
			'content' => '<p>October 9: Sunrise Bank organised a cycle rally on the occasion of its tenth anniversary. The rally with slogan &lsquo;You and us, together for development&rsquo; started from the bank&rsquo;s head office at Gairidhara and reached Chabahil, Maharajgunj, Kamalpokhari, New Road, Kalimati, Balkhu, Kirtipur, Pulchowk, Shankhamul, Tinkune, Gaushala, and ended at Gairidhara. The bank informed that it would conduct various social activities for a month to celebrate its anniversary.</p>
',
			'published' => true,
			'created' => '2017-10-09',
			'modified' => '2017-10-09',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6455',
			'image' => null,
			'article_date' => '2017-10-09 00:00:00',
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			'breaking_news' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '6671',
			'article_category_id' => '1',
			'title' => 'Tourist Influx Increases in Peak Season',
			'sub_title' => '',
			'summary' => 'October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.',
			'content' => '<p>October 9: The occupancy in hotels of Nepal has grown with the arrival of tourists in peak season.</p>

<p>&ldquo;The occupancy till Dashain festival was 65 percent and is believed to go up to 75 percent,&rdquo; said Binayak Shah, secretary general of Hotel Association of Nepal (HAN). He added that the occupancy has been going up as the conference of Non-Resident Nepalis (NRN) is going to be held in Nepal.</p>

<p>NRN representatives have arrived in Nepal at the moment. All of them are international passport holders. He said that the season is appropriate for tourists&rsquo; arrival and the booking of hotel rooms has increased because of NRN conference.</p>

<p>&ldquo;NRNs have been considered as tourists as they hold international passport despite the fact that they are Nepalis,&rdquo; Shah added.</p>

<p>Shah stated not only NRNs but the number of tourists from neighboring countries like China and India has also grown. The arrival of tourists from China and India in comparison to other countries is high as they can opt to enter Nepal through airways or roadways.</p>

<p>According to estimates made by tourism entrepreneurs, the influx of tourists is expected to be higher than that of the previous year.</p>

<p>Shah said the number of tourists who visit Nepal for business and other purposes has grown along with tourists who visit Nepal for adventure sports and climbing mountain.</p>

<p>&ldquo;We always label people as tourists only if they come for recreational purpose but there are hundreds of foreigners in Nepal who come for business and reconstruction purpose,&rdquo; Shah told New Business Age, adding, &ldquo;People living in Nepal as representatives of international non-governmental organizations (INGOs) working for reconstruction projects after the April and May, 2015 earthquakes in Nepal have been contributing in tourism sector of Nepal.&rdquo;</p>

<p>Likewise, the number of traders and business persons from India and China has grown in Nepal, he further added.</p>

<p>&nbsp;</p>
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	(int) 14 => array(
		'Article' => array(
			'id' => '6670',
			'article_category_id' => '1',
			'title' => 'IB Provides LoI to Non-Life Insurers After a Decade',
			'sub_title' => '',
			'summary' => 'October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.',
			'content' => '<p>October 9: Almost after a decade of long wait, the Insurance Board (IB) has issued letter of intent (LoI) to three non-life insurance companies.</p>

<p>A meeting of IB&rsquo;s Board of Directors (BoD) on September 20 has given green signal to three of the total four non-life insurance companies which had sought permission for operating business almost ten years ago.</p>

<p>The companies which have received LoI are Ajod Insurance Company, General Insurance Company Nepal and Sanima Insurance Company.</p>

<p>These companies had applied for LoI in April 2008, December 2007 and August 2008, respectively.</p>

<p>Despite receiving the application in April 2009, the IB is yet to approve the application of Manakamana Insurance Company.</p>

<p>According to Sambha Raj Lammichhane, an officer at the monitoring department of IB, the board has not approved the application of the company as it has failed to submit all the necessary documents.</p>

<p>The IB provides LoI to the companies only if they meet the capital requirement as per the criteria set by the board and if the promoters are not in the blacklist.&nbsp;</p>

<p>The three companies which have received LoI should follow all the criteria and construct the infrastructure within the next three months. If the companies fulfill all the criteria, then IB will inspect the insurers to give them permission to start business.</p>

<p>As per the rules, IB can approve the applications of non-life insurance companies, while life insurance companies should seek permission from the Ministry of Finance (MoF) to start business.</p>

<p>&nbsp;</p>
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	)
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