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Code Context
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		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
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			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
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		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
			'image' => '20171006115516_20171005072949_wai wai.JPG',
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	(int) 3 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
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			'article_date' => '2017-10-05 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 5 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
			'image' => '20171005011207_524729_589580234399037_1411735628_n.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 7 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6430',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 8 => array(
		'Article' => array(
			'id' => '6646',
			'article_category_id' => '1',
			'title' => 'WB's USD 60 Mn for Technical and Vocational Training',
			'sub_title' => '',
			'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.',
			'content' => '<p>October 4: The World Bank has approved a USD&nbsp;60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p>

<p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p>

<p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p>

<p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p>

<p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p>

<p>&ldquo;Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country&rsquo;s emerging jobs agenda,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.</p>

<p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p>

<p>&ldquo;While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,&rdquo; said Sangeeta Goyal, senior economist and the bank&rsquo;s task team leader for the project.</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6429',
			'image' => '20171004041609_wb.jpg',
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6645',
			'article_category_id' => '1',
			'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles',
			'sub_title' => '',
			'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ',
			'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p>

<p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p>

<p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p>

<p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p>

<p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p>

<p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn&rsquo;t any such provision in importing other products.</p>

<p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p>

<p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p>

<p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6428',
			'image' => null,
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6644',
			'article_category_id' => '1',
			'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ',
			'sub_title' => '',
			'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west',
			'content' => '<p>September 26: The Asian Development Bank&rsquo;s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p>

<p>&ldquo;Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country&rsquo;s economy and development,&rdquo; says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. &ldquo;Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,&rdquo; he adds.</p>

<p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&amp;M) of existing urban infrastructures, as well as limited technical capacity. &ldquo;To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,&rdquo; reads the statement.</p>

<p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p>

<p>According to statement, the project will mark ADB&rsquo;s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p>

<p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6427',
			'image' => '20170926034724_ADB.jpg',
			'article_date' => '2017-09-26 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6642',
			'article_category_id' => '1',
			'title' => 'Komatsu Launches Hydraulic Breaker ',
			'sub_title' => '',
			'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.',
			'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p>

<p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p>

<p>&ldquo;Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,&rdquo; the company said in a statement.</p>

<p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p>

<p>&ldquo;Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6426',
			'image' => '20170926035423_Komatsu-1188.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '6641',
			'article_category_id' => '1',
			'title' => 'Electricity Bill Payment through NMB Bank',
			'sub_title' => '',
			'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ',
			'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank&rsquo;s customers can log in to their account and enter the counter name, account number and electricity customers&rsquo; list to see their bill and make the payment, the bank said in a statement.</p>

<p>The bank&rsquo;s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6425',
			'image' => '20170926110200_index.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '6640',
			'article_category_id' => '1',
			'title' => 'Bhatta wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ',
			'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle&rsquo;s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6424',
			'image' => '20170926105027_images.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
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			'id' => '6639',
			'article_category_id' => '1',
			'title' => 'Sales of LG Washing Machines up',
			'sub_title' => '',
			'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ',
			'content' => '<p>September 26: The sales of LG&rsquo;s 8-kg front-load washing machine has increased during Dashain and Tihar. LG&rsquo;s authorized distributor in Nepal informed that the sales has increased as the company introduced &lsquo;super cooker&rsquo; prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6423',
			'image' => '20170926104339_lg-logo.jpg',
			'article_date' => '2017-09-26 00:00:00',
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
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			'article_date' => '2017-10-06 00:00:00',
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		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
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			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
			'image' => '20171005011207_524729_589580234399037_1411735628_n.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6430',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6646',
			'article_category_id' => '1',
			'title' => 'WB's USD 60 Mn for Technical and Vocational Training',
			'sub_title' => '',
			'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.',
			'content' => '<p>October 4: The World Bank has approved a USD&nbsp;60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p>

<p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p>

<p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p>

<p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p>

<p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p>

<p>&ldquo;Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country&rsquo;s emerging jobs agenda,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.</p>

<p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p>

<p>&ldquo;While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,&rdquo; said Sangeeta Goyal, senior economist and the bank&rsquo;s task team leader for the project.</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6429',
			'image' => '20171004041609_wb.jpg',
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6645',
			'article_category_id' => '1',
			'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles',
			'sub_title' => '',
			'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ',
			'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p>

<p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p>

<p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p>

<p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p>

<p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p>

<p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn&rsquo;t any such provision in importing other products.</p>

<p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p>

<p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p>

<p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6428',
			'image' => null,
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6644',
			'article_category_id' => '1',
			'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ',
			'sub_title' => '',
			'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west',
			'content' => '<p>September 26: The Asian Development Bank&rsquo;s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p>

<p>&ldquo;Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country&rsquo;s economy and development,&rdquo; says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. &ldquo;Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,&rdquo; he adds.</p>

<p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&amp;M) of existing urban infrastructures, as well as limited technical capacity. &ldquo;To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,&rdquo; reads the statement.</p>

<p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p>

<p>According to statement, the project will mark ADB&rsquo;s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p>

<p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6427',
			'image' => '20170926034724_ADB.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '6642',
			'article_category_id' => '1',
			'title' => 'Komatsu Launches Hydraulic Breaker ',
			'sub_title' => '',
			'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.',
			'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p>

<p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p>

<p>&ldquo;Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,&rdquo; the company said in a statement.</p>

<p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p>

<p>&ldquo;Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6426',
			'image' => '20170926035423_Komatsu-1188.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6641',
			'article_category_id' => '1',
			'title' => 'Electricity Bill Payment through NMB Bank',
			'sub_title' => '',
			'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ',
			'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank&rsquo;s customers can log in to their account and enter the counter name, account number and electricity customers&rsquo; list to see their bill and make the payment, the bank said in a statement.</p>

<p>The bank&rsquo;s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6425',
			'image' => '20170926110200_index.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6640',
			'article_category_id' => '1',
			'title' => 'Bhatta wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ',
			'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle&rsquo;s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6424',
			'image' => '20170926105027_images.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6639',
			'article_category_id' => '1',
			'title' => 'Sales of LG Washing Machines up',
			'sub_title' => '',
			'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ',
			'content' => '<p>September 26: The sales of LG&rsquo;s 8-kg front-load washing machine has increased during Dashain and Tihar. LG&rsquo;s authorized distributor in Nepal informed that the sales has increased as the company introduced &lsquo;super cooker&rsquo; prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6423',
			'image' => '20170926104339_lg-logo.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		)
	),
	(int) 1 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
			'image' => '20171006115516_20171005072949_wai wai.JPG',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
			'image' => '20171005011207_524729_589580234399037_1411735628_n.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6430',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6646',
			'article_category_id' => '1',
			'title' => 'WB's USD 60 Mn for Technical and Vocational Training',
			'sub_title' => '',
			'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.',
			'content' => '<p>October 4: The World Bank has approved a USD&nbsp;60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p>

<p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p>

<p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p>

<p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p>

<p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p>

<p>&ldquo;Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country&rsquo;s emerging jobs agenda,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.</p>

<p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p>

<p>&ldquo;While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,&rdquo; said Sangeeta Goyal, senior economist and the bank&rsquo;s task team leader for the project.</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6429',
			'image' => '20171004041609_wb.jpg',
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6645',
			'article_category_id' => '1',
			'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles',
			'sub_title' => '',
			'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ',
			'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p>

<p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p>

<p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p>

<p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p>

<p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p>

<p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn&rsquo;t any such provision in importing other products.</p>

<p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p>

<p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p>

<p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6428',
			'image' => null,
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6644',
			'article_category_id' => '1',
			'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ',
			'sub_title' => '',
			'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west',
			'content' => '<p>September 26: The Asian Development Bank&rsquo;s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p>

<p>&ldquo;Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country&rsquo;s economy and development,&rdquo; says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. &ldquo;Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,&rdquo; he adds.</p>

<p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&amp;M) of existing urban infrastructures, as well as limited technical capacity. &ldquo;To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,&rdquo; reads the statement.</p>

<p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p>

<p>According to statement, the project will mark ADB&rsquo;s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p>

<p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6427',
			'image' => '20170926034724_ADB.jpg',
			'article_date' => '2017-09-26 00:00:00',
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			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6642',
			'article_category_id' => '1',
			'title' => 'Komatsu Launches Hydraulic Breaker ',
			'sub_title' => '',
			'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.',
			'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p>

<p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p>

<p>&ldquo;Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,&rdquo; the company said in a statement.</p>

<p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p>

<p>&ldquo;Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6426',
			'image' => '20170926035423_Komatsu-1188.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '6641',
			'article_category_id' => '1',
			'title' => 'Electricity Bill Payment through NMB Bank',
			'sub_title' => '',
			'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ',
			'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank&rsquo;s customers can log in to their account and enter the counter name, account number and electricity customers&rsquo; list to see their bill and make the payment, the bank said in a statement.</p>

<p>The bank&rsquo;s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6425',
			'image' => '20170926110200_index.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '6640',
			'article_category_id' => '1',
			'title' => 'Bhatta wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ',
			'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle&rsquo;s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6424',
			'image' => '20170926105027_images.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '6639',
			'article_category_id' => '1',
			'title' => 'Sales of LG Washing Machines up',
			'sub_title' => '',
			'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ',
			'content' => '<p>September 26: The sales of LG&rsquo;s 8-kg front-load washing machine has increased during Dashain and Tihar. LG&rsquo;s authorized distributor in Nepal informed that the sales has increased as the company introduced &lsquo;super cooker&rsquo; prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6423',
			'image' => '20170926104339_lg-logo.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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)
$current_user = null
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';



    if(!$xml = simplexml_load_file($file)){
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6654',
			'article_category_id' => '1',
			'title' => 'Trade Deficit goes up by 9 Percent in Two Months',
			'sub_title' => '',
			'summary' => 'October 6: Nepal’s trade deficit has been steadily on the rise due to the imbalance in import and export.',
			'content' => '<p>October 6: Nepal&rsquo;s trade deficit has been steadily on the rise due to the imbalance in import and export. Due to the big gap between import and export, Nepal&rsquo;s trade deficit in the first two months of the current fiscal year 2017/18 has surged by 9.71 percent as compared to the corresponding period of last FY, according to statistics maintained by the Department of Customs (DoC).</p>

<p>The total trade deficit in the review period stood at Rs 136 billion in the previous year while it has gone up by 9.71 percent with a total trade deficit of Rs 149 billion in the current fiscal year.</p>

<p>Kulraj Gyawali, information officer at the Department of Customs, said though the country has seen improvement in export this year the trade deficit has increased because of excessive import of goods in the country. The country imported various commodities and materials worth Rs 149 billion in the review period of previous fiscal year while the amount stood at Rs 162 billion in the current fiscal year, a rise of 9.2 percent. He said that the deficit has been rising because of excessive import of goods.</p>

<p>The data of DoC shows that the export of goods has also gone up in the review period as compared to the same period of last year. The country exported goods worth Rs 13.6 billion in the first two months of the current fiscal year, a rise of 3.83 percent in comparison to the same time period of previous fiscal year. Nepal had imported goods worth Rs 13.1 billion in the first two months of last fiscal year.</p>

<p>Likewise, the total foreign trade in the first two months of last and current fiscal year stood at Rs 163 billion and 177 billion, respectively which is a rise by 8.76 percent.</p>

<p>Experts say that the trade deficit has hampered the productivity of Nepal. They opined that the huge gap between import and export has is a result of imbalance in demand and supply as well as the unsatisfactory production within the country.</p>

<p>Experts state that the spending capacity of &nbsp;Nepalis has been growing annually while the export of goods has been decreasing because of which the state is obliged to import goods that can be produced in Nepal.</p>

<p>Automobile parts, petroleum products, electrical appliances are the major goods imported to Nepal. Purshottam Ojha, a trade expert, said that import of such expensive goods in huge quantity has been contributing in trade deficit. The possibility of curbing trade deficit by increasing production and productivity is very less so the mobilization of natural resources like mines and minerals is a must, he added.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6437',
			'image' => '20171006020811_Clipboard01.jpg',
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '6653',
			'article_category_id' => '1',
			'title' => 'India Waives GST for Transit Goods from Nepal',
			'sub_title' => '',
			'summary' => 'October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.',
			'content' => '<p>October 6: The Indian government has decided to waive the goods and service tax (GST) on the commodities Nepal and Bhutan have been supplying to the third countries via its land.</p>

<p>The southern neighbour has amended the provision introduced by its central government. The amendment on the provision means that the Indian government now will not levy any service charge on the transit cargos from Nepal and Bhutan.</p>

<p>Ravi Sainju, joint-secretary at the Ministry of Commerce (MoC), confirmed that the Indian government has waived GST for the transit cargos from Nepal and Bhutan. Despite the announcement, the Nepalese traders should wait further to enjoy GST waiver. Sainju said that the Indian government waived GST after continuous request from the Nepalese side.</p>

<p>&ldquo;The Indian government has waived GST effective from September 29,&rdquo; Sainju said. The Indian side had started to levy GST from&nbsp;January 1.</p>

<p>Nepal has been importing more than 70,000 containers of commodities annually from different countries via India.&nbsp; A source at the MoC said that Nepal has been paying a total of Rs 150,000 per container while importing goods from third countries via India. It is estimated that Nepal will save more than Rs 1 billion annually after GST waiver from India.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6436',
			'image' => null,
			'article_date' => '2017-10-06 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 2 => array(
		'Article' => array(
			'id' => '6652',
			'article_category_id' => '1',
			'title' => 'Wai-Wai Starts Production from Serbia',
			'sub_title' => '',
			'summary' => 'October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. ',
			'content' => '<p>October 6: Chaudhary Group has started commercial production of Wai-Wai noodles in Serbia with an aim of expanding the Nepali brand in the European market. The company has started production from a new plant established at Ruma. The plant was inaugurated by Serbian President Aleksander Vucic amidst a function on Thursday, October 5.</p>

<p>Serbian President, Vucic said that the establishment of Wai-Wai will have positive impact on the economy of Serbia, reads a statement issued by the company.</p>

<p>According to the press statement, the Serbian president said that Wai-Wai has opened employment opportunities in the European nation.</p>

<p>CG Corp Global&rsquo;s Chairman Binod Chaudhary and Managing Director Nirvan Chaudhary were present during the inauguration.</p>

<p>Chairman Chaudhary said that the production of Wai-Wai is a milestone for the company, which seeks to expand its network globally.</p>

<p>Chaudhary further informed that the noodles produced in Serbia would be distributed throughout Europe.</p>

<p>The top posts of the production plant are being handled by four Nepalese nationals while the company has given employment to around 400 Serbians, informed CG.</p>

<p>CG Corp Global&rsquo;s MD Nirvan Chaudhary informed that they decided to establish the plant at Ruma since the place is strategically close to big European markets.</p>

<p>CG Corp Global informed that it has invested in real sector, hospitality, finance, food and beverage, electronics, hydropower, education in 30 countries around the world.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-06',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6435',
			'image' => '20171006115516_20171005072949_wai wai.JPG',
			'article_date' => '2017-10-06 00:00:00',
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	(int) 3 => array(
		'Article' => array(
			'id' => '6651',
			'article_category_id' => '1',
			'title' => 'Udayapur Cement Industries in Trouble due to Irregular Power Supply',
			'sub_title' => '',
			'summary' => 'October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.',
			'content' => '<p>October 5: The profit of the state-owned Udayapur Cement Industries Limited has declined by Rs 25 million on a weekly basis due to irregular power supply.</p>

<p>According to Nabal Kishor Shah, deputy general manager of the company, though Udayapur Cement is still in profit in terms of production and distribution, its profit has been declining as Nepal Electricity Authority (NEA) has not been able to supply electricity to the production plant regularly.</p>

<p>Shah said that it is not possible for the company to earn the same amount of profit that it earned last year due to the short supply of electricity. The company&rsquo;s profit totaled Rs 250 million in the last fiscal year.</p>

<p>&nbsp;&ldquo;NEA had agreed to make power available 24 hours a day. But, the company has not been able to produce as much cement as expected because the NEA has been supplying power not more than 15 hours a day in average,&rdquo; said Shah.</p>

<p>&ldquo;The industry has to bear a loss of Rs 600,000 if the power cut continues for an hour. Such loss ranges from Rs 2.5 million to Rs 3 million on daily basis,&rdquo; he said, adding, &ldquo;Sometimes, power resumes after two minutes while at other times the disruption lasts for two hours.&rdquo;</p>

<p>The industry had been producing 650 tons of cements on a daily basis but with irregularity in power supply, it has been producing only 400 tons of late. Shah said if the power supply does not face any disruption, the industry has a capacity to produce 16,000 sacks of cement every day. The industry operates 20 to 25 days in average in a month.</p>

<p>The irregularity in power supply has causes technical glitch in functioning of an important component of the cement plant. Heating and cooling of the plant causes breakage and failure of the components of the plant, informed an industry source.</p>

<p>Chief of the maintenance and supply department, Mahesh Prasad Kafle, said that it takes 15 days to fix the machine. The industry has to bear a loss of Rs 100 million if the industry shuts down for 15 days.</p>

<p>Kafle said that the regular supply of power ensures production of 35 tons of cement every hour. &ldquo;There is high demand for cement at the moment but we are not able to fulfill it as the company has not been able to produce that quantity because of power disruption.&rdquo; &nbsp;He said there is demand of 15,000 sacks of cement on a daily basis.</p>

<p>The company has been paying twice the regular rate to NEA for uninterryptible power supply during peak hours but the state-owned utility has not fulfilled the agreement. &nbsp;</p>

<p>The time period between 5 pm to 6 am is considered as peak hours. NEA charges Rs 17.50 per unit to such customers through dedicated feeder. The company pays a bill amounting Rs 2 million on a monthly basis. &ldquo;Despite this, the power supply is not regular,&rdquo; Kafle further added. &nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6434',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '6650',
			'article_category_id' => '1',
			'title' => 'Full Moon Bungee Jump in Pokhara ',
			'sub_title' => '',
			'summary' => 'Full Moon Bungee Jump in Pokhara Today',
			'content' => '<p>October 5: With an aim of promoting tourism in Pokhara, High Ground Adventures Nepal is organising &lsquo;Full Moon Bungee Jump&rsquo; in Hemja on the occasion of Kojagrat Purnima on Thursday, October 5.</p>

<p>This is the fifth edition of bungee jump organized annually during Dashain, informed the organisers.</p>

<p>The event is aimed at attracting internal and foreign tourists visiting Pokhara on the occasion of Dashain.</p>

<p>According to the organisers, adventurous people can even enjoy the jump till late evening.</p>

<p>The company&rsquo;s chief Dinesh Maharjan informed that the event also aims to promote adventure sports in Nepal.</p>

<p>&ldquo;Bungee jump during night time has added thrill to the event,&rdquo; he said.</p>

<p>The Full Moon Bungee Jump is preceded by a musical event. The main event will be held between 7 pm to 11 pm. A maximum of 90 people will be allowed to take the plunge, informed the company. Nepali nationals have to pay Rs 3,500 while foreigners will be charged Rs USD 68 for the jump.</p>

<p>According to Maharjan, more than 25,000 visitors have enjoyed bungee jump in the last four years. The company has been in operation since 2012. The company claimed that it is the first tower bungee jump of Nepal. People have been taking 70 meters plunge on the bank of Myagdi river from a 45 meter long bridge-shaped tower. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-06',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6433',
			'image' => '20171005014245_20171005070606_Clipboard05.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6649',
			'article_category_id' => '1',
			'title' => 'Internal Tourists Surge in Mustang during Dashain',
			'sub_title' => '',
			'summary' => 'October 5: The number of internal tourists visiting Mustang has increased during Dashain. ',
			'content' => '<p>October 5: The number of internal tourists visiting Mustang has increased during Dashain. Hotel&rsquo;s at Beni en route to the district beyond mountains were packed as the visitors utilized their Dashain vacation to make a trip to the mountainous region.</p>

<p>Hotel entrepreneurs said they saw a surge in the number of tourists since the second day of Dashain &lsquo;tika&rsquo;.</p>

<p>Hotel Shikhar&rsquo;s operator Sujan Baruwal said they are having a hard time managing tourists as the number of tourists have exceeded their capacity to accommodate them.</p>

<p>Tourists have started booking hotels of Beni in advance during Dashain.</p>

<p>Hundreds of tourists have been visiting Mustang&rsquo;s famed Muktinath temple and Lo Manthang during Dashain, informed Indra Singh Sherchan, a hotel entrepreneur.</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6432',
			'image' => '20171005011207_524729_589580234399037_1411735628_n.jpg',
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6648',
			'article_category_id' => '1',
			'title' => 'SC Halts Attempt of Auditor General’s Office to Raise Additional Customs Duty',
			'sub_title' => '',
			'summary' => 'October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. ',
			'content' => '<p>October 5: The Supreme Court has issued an interim order to the Office of the Auditor General not to implement its decision to seek additional customs duty from the Department of Customs for the time being. The auditor general&rsquo;s office had written to the customs department to raise additional customs duty from goods imported into the country arguing that the current revenue collection had shown discrepancies. Lawyers privy to the recent development informed New Business Age that the apex court has been time and again issuing interim orders in this regard on nine different writ petitions filed against the move of the Office of the Auditor General.</p>

<p>The Office of the Auditor General had asked the Department of Customs to raise customs duty from different companies stating that there were discrepancies in revenue collected from them. Following the instructions from the auditor general&rsquo;s office, the Department of Customs had written to the concerned companies to pay the customs duty.</p>

<p>The companies had filed separate writ petitions at the Supreme Court arguing that the auditor general&rsquo;s office did not have the rights to set the rate of customs duty.</p>

<p>The companies filing the writ petitions include CG Electronics, Triveni Business Company, Him Electronics, JN Electronics, Vega Digital Electronics among other companies.</p>

<p>The letter sent to the companies by the Department of Customs had asked the companies to pay the customs duty within seven days in cases where there were discrepancies. It had also warned to revoke the license of the companies if they did not comply with its instructions.</p>

<p>The letter stated that the companies were liable to pay 20 percent customs duty as they had only paid other taxes instead of the customs duty.</p>

<p>However, the petitioners claimed that they had cleared all the customs duty under various sub heads but the Office of the Auditor General marked those sub heads as discrepancies.</p>

<p>In the initial hearing, the apex court ruled that the determining the discrepancies of the customs clearance did not fall under the jurisdiction of the Office of the Auditor General.</p>

<p>A single bench of Chief Justice Gopal Prasad Parajuli ruled that there were various levels of mechanisms to solve the disputes related to customs duty between the concerned stakeholders and the Department of Customs, which holds quasi-judicial powers regarding the issues.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6431',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6647',
			'article_category_id' => '1',
			'title' => 'Nepal Becoming Competitive in Global Market: Report',
			'sub_title' => '',
			'summary' => 'October 5: Nepal’s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF).',
			'content' => '<p>October 5: Nepal&rsquo;s economy has become competitive in the global market in recent years, states a recent report prepared by World Economic Forum (WEF). According to the report, Nepal&rsquo;s economy has climbed 10 places among the list of competitive nations in world market in the year 2017/18. &nbsp;With four points, Nepal currently stands 88<sup>th</sup> among 137 nations in the rankings published by the WEF.</p>

<p>Last year, Nepal ranked 98<sup>th</sup> among 138 nations with 3.9 points. Just in one year, Nepal progressed in all the sectors in the Global Competitive Index (GCI) to leapfrog ten places in the rankings. However, the report has pointed out political instability as the biggest challenge for Nepal&rsquo;s economy. Another challenge, according to the report, is weak bureaucracy of Nepal.</p>

<p>Although Nepal&rsquo;s politics has been marked by instability and transition, the country&rsquo;s competitiveness in the global market has been steadily rising since 2012/13, the report states. However, Nepal&rsquo;s economy has not made progress as expected due to lack of infrastructure, corruption, access to financing and unstable policy.</p>

<p>As per the GCI, Nepal ranks fourth among the South Asian countries. India, which leads South Asia in the rankings, is 40<sup>th</sup> globally. &nbsp;Bhutan (82<sup>nd</sup>) and Sri Lanka (85<sup>th</sup>) rank second and third among South Asian nations followed by Nepal, Bangladesh (99<sup>th</sup>) and Pakistan (115<sup>th</sup>). &nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-05',
			'modified' => '2017-10-05',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6430',
			'image' => null,
			'article_date' => '2017-10-05 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6646',
			'article_category_id' => '1',
			'title' => 'WB's USD 60 Mn for Technical and Vocational Training',
			'sub_title' => '',
			'summary' => 'October 4: The World Bank has approved a USD 60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.',
			'content' => '<p>October 4: The World Bank has approved a USD&nbsp;60 million credit to support the second phase of the Enhanced Vocational Education and Training Project in Nepal.</p>

<p>The second phase of training is designed to help the country improve equitable access to market relevant training programs and to strengthen the delivery of Technical Education and Vocational Training (TEVT), according to the World Bank.</p>

<p>In Nepal, TVET is an important intermediary between youth and the labor market through the provision of pre-employment skills, reads a press statement issued by the World Bank.</p>

<p>According to the World Bank, between 450,000 and 500,000 Nepali youth come of working age every year, most of whom will enter either the domestic or the foreign labor market with limited education and skills.</p>

<p>On the other hand, the annual intake capacity in short-term and long-term TVET programs in the country was between 100,000 and 120,000 in 2016, the bank further said. While TVET has grown in size over time with formal and informal providers across a variety of government and non-government entities, it continues to face the challenges of quality training for domestic and foreign labor markets, inclusion and cohesion.</p>

<p>&ldquo;Skill development of the workforce through investment in human capital including technical and vocational education and training are critical for the successful implementation of the country&rsquo;s emerging jobs agenda,&rdquo; said Takuya Kamata, the World Bank&rsquo;s country manager for Nepal.</p>

<p>Activities in the second phase training include upgrading the quality of TVET facilities, supporting key human resources that are critical for the quality of service delivery, improving access for disadvantaged groups, supporting missing links between training and placement to help youth find work, improving the availability of information linking skills supply and demand, and improving governance through performance-based funding of training providers, according to the bank. The project will also support migrants through training and skill testing and certification.</p>

<p>&ldquo;While there is substantial underemployment and informal employment dominates, an increased focus on skills and employability will help Nepal benefit from its potential youth dividend,&rdquo; said Sangeeta Goyal, senior economist and the bank&rsquo;s task team leader for the project.</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6429',
			'image' => '20171004041609_wb.jpg',
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6645',
			'article_category_id' => '1',
			'title' => 'Government Promoting ‘Syndicate System’ on Imported Vehicles',
			'sub_title' => '',
			'summary' => 'October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. ',
			'content' => '<p>October 4: The government has intensified market monitoring against small-scale businesses but is itself involved in massive irregularities including the promotion of syndicate system while importing vehicles. The government has given entrepreneurs a chance to amass hefty amount by adopting a policy to support syndicate system since a decade.</p>

<p>The government had introduced provisions to import vehicles by making special arrangement in the Finance Act.</p>

<p>As per the provision, only the manufacturer of the vehicles or the authrised distributor can import vehicles into the country. Taking advantage of this provision, the distributors have been making good profit from the sales of the vehicles.</p>

<p>Stakeholders have complained that the authorised distributors have been charging exorbitant prices for the vehicles due to the monopoly they enjoy in importing vehicles.</p>

<p>Communications Officer at the Department of Customs Kul Raj Gyawali informed that only the authorised distributor can import vehicles into the country as per the existing rules. Gyawali claimed that such provision was necessary for the proper management and monitoring of imported vehicles. The government introduced the controversial provision by amending the Finance Act between 2016-2067.</p>

<p>Analysts say that the government has promoted monopoly by amending the act. Earlier, anyone could have imported vehicles by fulfilling the due processes. Unlike the restriction in importing vehicles, there isn&rsquo;t any such provision in importing other products.</p>

<p>Since others cannot import vehicles except the authorised distributors, they have been charging exorbitant fees for the vehicles. It has been found that the distributors make up to Rs 1 million profit by selling a single vehicle.</p>

<p>Customs officials say that the distributors set the price at their will as there is no clear legal provision on the price ceiling although the provision has made it mandatory to update the price list every four months.</p>

<p>The government has been supporting the syndicate system since the importers pay income tax from the profit. The government has been imposing high rate of tax from imported vehicles. The government charges 230 percent tax on vehicles imported from India and 225 percent tax on vehicles imported from third countries.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-10-04',
			'modified' => '2017-10-04',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6428',
			'image' => null,
			'article_date' => '2017-10-04 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6644',
			'article_category_id' => '1',
			'title' => 'ADB's USD 150 for Improving Urban Services Delivery, Infrastructure ',
			'sub_title' => '',
			'summary' => 'The Asian Development Bank’s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west',
			'content' => '<p>September 26: The Asian Development Bank&rsquo;s (ADB) has approved a USD 150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far-west. Issuing a press statement, the Manila-based bank said that the project will help them become more sustainable, inclusive, and resilient places to live in for more than 1.5 million people.</p>

<p>&ldquo;Improving urban infrastructure and service delivery in major urban areas in Nepal, including in the Terai region, is a must given their importance to the country&rsquo;s economy and development,&rdquo; says Vivian Castro-Wooldridge, an ADB Urban Development Specialist. &ldquo;Toward these aims, the project will ensure that people in the southern parts of Nepal are living in areas that are safe, sustainable, inclusive, and resilient to climate change,&rdquo; he adds.</p>

<p>Urbanization in Nepal has been growing at a rapid pace at about 6 percent since the 1970s, however, this has not contributed significantly to inclusive economic growth due to inadequate urban planning, weak institutions, neglected operations and maintenance (O&amp;M) of existing urban infrastructures, as well as limited technical capacity. &ldquo;To address this issue, it is estimated that the government would need to double its spending on urban infrastructure to meet the backlog of future demand up to 2030 worth USD 24.5 billion,&rdquo; reads the statement.</p>

<p>According to ADB, investments from the Regional Urban Development Project will focus on eight municipalities from the southern Terai region, including four municipalities from the less-developed Province 7 in far-western Nepal. The project will enhance urban infrastructure in municipalities in the Terai region, incorporating climate-resilient and sustainable features, reducing flooding duration to less than an hour in eight municipalities. This includes the construction and rehabilitation of 200 kilometers (km) of storm water drains, improvement of 240 km of roads, construction of at least 40 km of footpaths responsive to the needs of elderly, women, children, and people with disabilities, building of four sanitary landfills and resource recovery centers, and construction of 20 km of sewers while connecting 7,500 households to the sewerage system in Biratnagar, among others.</p>

<p>According to statement, the project will mark ADB&rsquo;s first investment in urban infrastructure in Province 7 and will improve flood management, mobility, and solid waste management. It will also assist the development of urban plans and bylaws that reflect greater disaster risk resilience, improved land management, and regional development. ADB hopes that municipal capacity will be strengthened through the implementation of a performance-based socioeconomic development program.</p>

<p>The project will also support a project development facility for the preparation of a pipeline of urban infrastructure projects, particularly in solid waste management, drainage, roads, water supply, and sanitation, with high readiness to reduce future startup delays, according to ADB.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6427',
			'image' => '20170926034724_ADB.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6642',
			'article_category_id' => '1',
			'title' => 'Komatsu Launches Hydraulic Breaker ',
			'sub_title' => '',
			'summary' => 'September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.',
			'content' => '<p>September 26: Continental Trading Enterprises Pvt Ltd, the authorized distributor of Komatsu Heavy equipment for Nepal, has announced the launch of Komatsu Genuine Hydraulic Breaker.</p>

<p>According to the company, the hydraulic breaker is superior in technology and delivers high impact force, thus making it an ideal choice for customers to maximize their productivity.</p>

<p>&ldquo;Komatsu breakers are highly reliable and durable along with accumulator-free design which enables to achieve productivity under lowest operating cost,&rdquo; the company said in a statement.</p>

<p>Continental Trading Enterprises asserted that its machines are popular for their efficiency and durability.</p>

<p>&ldquo;Further, the company offers after-sales services from various locations of the country, which makes the Komatsu machines having the lowest down time in Nepal. All this ensures the best resale value of all the Komatsu machines,&rdquo; the statement added.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6426',
			'image' => '20170926035423_Komatsu-1188.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6641',
			'article_category_id' => '1',
			'title' => 'Electricity Bill Payment through NMB Bank',
			'sub_title' => '',
			'summary' => 'September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. ',
			'content' => '<p>September 26: NMB Bank has started receiving payments of electricity bills on behalf of the Nepal Electricity Authority. NMB customers can now make the payment through mobile banking service. The bank&rsquo;s customers can log in to their account and enter the counter name, account number and electricity customers&rsquo; list to see their bill and make the payment, the bank said in a statement.</p>

<p>The bank&rsquo;s CEO Sunil KC informed that the bank has been upgrading its services through digital technologies to make the banking transactions easy, accessible and hassle free.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6425',
			'image' => '20170926110200_index.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6640',
			'article_category_id' => '1',
			'title' => 'Bhatta wins Rs 100,000',
			'sub_title' => '',
			'summary' => 'September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle’s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. ',
			'content' => '<p>September 26: Narayan Dutta Bhatta has received Rs 100,000 cash prize during the festive offer announced by Hero motorcycle&rsquo;s authorised distributor Nepal General Marketing on the occasion of Dashain and Tihar. Bhatta won the amount on the basis of coupon number he received on purchase of Hero motorcycle. As per the scheme, customers of Hero motorcycles and scooters were assured of at least Rs 6,000 discount in addition to scratch card from which they could win up to Rs 100,000. The customers were also eligible to win a weekly bumper prize of Rs 100,000 through lucky draw.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6424',
			'image' => '20170926105027_images.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6639',
			'article_category_id' => '1',
			'title' => 'Sales of LG Washing Machines up',
			'sub_title' => '',
			'summary' => 'September 26: The sales of LG’s 8-kg front-load washing machine has increased during Dashain and Tihar. ',
			'content' => '<p>September 26: The sales of LG&rsquo;s 8-kg front-load washing machine has increased during Dashain and Tihar. LG&rsquo;s authorized distributor in Nepal informed that the sales has increased as the company introduced &lsquo;super cooker&rsquo; prize during the occasion of Dashain and Tihar on purchase of the washing machine. The distributor informed that the modern washing machine washes clothes in less than one hour.</p>
',
			'published' => true,
			'created' => '2017-09-26',
			'modified' => '2017-09-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6423',
			'image' => '20170926104339_lg-logo.jpg',
			'article_date' => '2017-09-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117