September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar.…

September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar.…
September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank.…
September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims.…
September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the…
September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of…
September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general…
September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September…
September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings.…
September 17: Yeti Airlines has added a new twin-engine ATR to its…
September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business…
September 17: Three major tourist destinations of the country have now been connected to each other by…
September 17: Altogether 201 students of The British College graduated in various courses this Friday, September…
September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago.…
September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a…
September 17: City Express Money Transfer has announced the winners for its "Utsav Express"…
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', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6601', 'article_category_id' => '1', 'title' => 'Yeti Airlines Adds New ATR', 'sub_title' => '', 'summary' => 'September 17: Yeti Airlines has added a new twin-engine ATR to its fleet.', 'content' => '<p>September 17: Yeti Airlines has added a new twin-engine ATR to its fleet. The airlines company informed that the new plane will conduct flights to Biratnagar and Nepalgunj. The ATR 72-500 is a turboprop aircraft built by the French-Italian consortium ATR. The company said in as statement that the plane has already arrived at Tribhuvan International Airport. The aircraft is powered by powerful engine and propeller while the special features of the plane include less consumption of fuel and production of relatively low sound, according to the company. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6384', 'image' => '20170917045434_atr twit.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6600', 'article_category_id' => '1', 'title' => '‘Government using money laundering act to punish tax evaders’', 'sub_title' => '', 'summary' => 'September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community.', 'content' => '<p>September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community. Disputes have arised due to the differing views of the government and the private sector regarding money laundering.</p> <p>Both sides expressed their grievances related to the act during a program organised by Nepal Chamber of Commerce (NCC) on Friday, September 15.</p> <p>Businessmen complained that the government authorities have been threatening them for tax evasion under the money laundering act. Meanwhile, government authorities say that it is necessary to implement the act as they are signatory to international convention on money laundering.</p> <p>However, knowledgeable sources claim that both the government and the entrepreneurs say one thing but have different strategies. “The government has been using the money laundering act to curb tax evasion, under invoicing and black marketing,” said a former secretary, adding, “Businessmen on the other hand claim that they cannot be booked for tax evasion under the money laundering act.”</p> <p>Under this act, Nepal Rastra Bank recently made it mandatory for any transaction more than Rs 1 million to be done through banking channel. The two sides are still at odds regarding this issue.</p> <p>Of late, government authorities have been considering money laundering as the medium of all other crimes. The government has started finding sources of income of suspected people for curbing money laundering. Representatives of the private sector say that they are having difficulties in conducting business due to the new provisions.</p> <p>Experts say that the government is likely to tighten the screw on money laundering just to show the international community of its commitment made during international conventions. </p> <p>NCC Chairman Rajesh Kaji Shrestha said that the money laundering act should not involve tax issues that have direct impact on businessmen but should have been concerned with topics like terrorism and corruption.</p> <p>Meanhwile, Money Laundering Research Department’s Director General Jeevan Ram Sitaula said that there is no need for honest businessmen to be afraid of the money laundering act.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6383', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6599', 'article_category_id' => '1', 'title' => 'Three Tourist Destinations Connected by Airways', 'sub_title' => '', 'summary' => 'September 17: Three major tourist destinations of the country have now been connected to each other by airways.', 'content' => '<p>September 17: Three major tourist destinations of the country have now been connected to each other by airways. Buddha Air has started fight services from Pokhara to Bharatpur and Bhairahawa from September 15.</p> <p>Buddha Air said it started the Bharatpur-Pokhara flights upon the request of tourism entrepreneurs as the industry was hard hit by the dwindling number of tourists due to the ongoing road upgradation works in Narayangadh-Mungling road section.</p> <p>According to Gautam Baral, manager of Buddha Air’s Pokhara-based office, the rate of Pokhara-Bharatpur flight has been fixed at Rs 3,650 while Pokhara-Bhairahawa flight costs Rs 4,200.</p> <p>Tourism entrepreneurs are hopeful that the inflow of tourists will increase with the commencement of the flight services as the Narayangadh-Mugling road upgradation work coupled with landslides had obstructed the arrival of tourists, particularly from India.</p> <p>In addition to this, they also believe that the flight services will also promote internal tourism. Bharat Raj Parajuli, vice-president of Pokhara Tourism Council (PTC), said that the new flight schedule will boost tourist arrival.</p> <p>“The new route has made it convenient for the arrival of Indian tourists from Bhairahawa,” he said. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6382', 'image' => '20170917030316_buddha airee.jpeg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6598', 'article_category_id' => '1', 'title' => '201 Graduate From The British College', 'sub_title' => '', 'summary' => 'September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.', 'content' => '<p>September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.</p> <p>According to the college, 69 students graduated with BBA (Hons); 28 with MSc International Business Management from The University of the West of England, Bristol and 104 students with BSc (Hons) Computing from Leeds Beckett University.</p> <p>“This is the largest graduating batch to date showing a big growth in the success and popularity of the college,” said the college in a statement.</p> <p>Representatives from both the awarding universities, Patricia Voaden, head of department for Business and Management, UWE and Lesley Earle, principal lecturer of Leeds Beckett, attended the event held at Hotel Soaltee Crowne Plaza.</p> <p>They expressed their pride and respect for the graduating students and delivered motivating advice to the fresh graduates preparation to embark on their professional careers.</p> <p>The British College offers internationally recognised degrees and courses such as BBA, BSc (Hons) Computing, MSc International Management, MBA and MBA (Executive) from The Leeds Beckett University and The University of West of England. The college said it is also extending its range of course to include MSc Information Management and MSc Public health in the coming year. Currently, the college has more than 1400 students studying various courses.</p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6381', 'image' => '20170917022309_Snap3.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6597', 'article_category_id' => '1', 'title' => 'Daman’s View Tower to Come into Operation Again', 'sub_title' => '', 'summary' => 'September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. ', 'content' => '<p>September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. The municipality has decided to hand over the operation of the tower to any hotel operator who would provide Rs 500,050 annually to the municipality.</p> <p>Dharan’s Thaha Municipality Chief Labeshwar Bista said that the responsibility of operating the tower will be handed to hotel and tourism entrepreneur. The view tower, which was under the tourism ministry for a long time, was handed over to the Makwanpur District Development Committee six years ago. The current municipal chief Bista took over the responsibility of the tower three years ago. The view tower had remained closed after sustaining damages during the April 25, 2015 earthquake. Bista informed that the tower has already been renovated and is currently under the jurisdiction of the municipality.</p> <p>The Everest View Tower in Daman of Makwanpur district is 75 kilometers away from Kathmandu and 55 kilometers from Hetauda.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6380', 'image' => '20170917121154_Everest view Tower.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6596', 'article_category_id' => '1', 'title' => 'JICA Nepal Hands Over Two Public Facilities Reconstructed after the Earthquake', 'sub_title' => '', 'summary' => 'September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.', 'content' => '<p>September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.</p> <p>JICA said in a press statement that a Community Training Center in Bungkot, Gorkha come back into operation on September 15 with its support. Likewise, JICA also inaugurated a newly reconstructed Small Farmer Agriculture Product Collection Center in Bhotechaur, Sindhupalchowk on August 15.</p> <p>Both buildings were reconstructed by JICA based on the “Build Back Better” principle through its “Project on Rehabilitation and Recovery from Nepal Earthquake,” reads the statement.</p> <p>JICA Nepal said it has undertaken reconstruction of more than 20 earthquake resilient public facilities in Gorkha and Sindhupalchowk damaged by the 2015 earthquake which shall be completed within a year.</p> <p>According to JICA, the Bungkot Community Training Center, handed over to the Shahid Lakhan Rural Municipality, can be utilized for a wide range of community-level activities with major focus on post-earthquake recovery in the municipality.</p> <p>“It is a one-story building and houses a training hall, a kitchen and a canteen. It is also a barrier-free building with a wheelchair ramp and a restroom equipped for people with disabilities. The construction work started on May 15, 2016 with a total cost of NRs 14.28 million,” the statement said.</p> <p>Bhotechaur Small Farmer Agriculture Product Collection Center in Sindhupalchowk, which was handed over to the Suryamukhi Small Farmer Cooperative Limited, is a two-story building with its ground floor mainly for farmers to store their products before sending to markets, the statement further said.</p> <p>The construction work started on June 20 last year with a total cost of NRs 14 million, JICA said.</p> <p>Besides the infrastructure reconstruction support, JICA said it also conducted a series of farming skill enhancement activities for the farmers in Bhotechaur and other VDCs in Sindhupalchowk. Combined with reconstruction of agricultural infrastructure in the district, JICA claimed it contributes to livelihood restoration among the communities affected by the earthquake.</p> <p>In addition, JICA also completed rehabilitation of the nearby rural road that connects Bhotechaur and Melamchi in Sindhupalchwok district in April at a total cost of NRs 16.25 million. The road is about 13 kilometers long and now has improved irrigation facilities. It is expected to improve farmers’ access to the markets. The project was also handed over to the user group during the same occasion.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6379', 'image' => '20170917113406_Community Training Centre, Bungkot.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6595', 'article_category_id' => '1', 'title' => 'City Express Money Transfer Announces Winners of ‘Utsav Express’ Scheme', 'sub_title' => '', 'summary' => 'September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.', 'content' => '<p style="text-align: justify;">September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.</p> <p style="text-align: justify;">Issuing a press statement, the company said the winners for the first week of its campaign includes Raj Kumari Limbu, Shova Giri, Sarmila Baniya Chhetri, Erika Gurung, Sarifa Miya, Rupesh Dhaugoda, Rita Poudel, Bikash Rana and Sunita Tamang. Tamang won an OPPO phone while the others received silver coins.</p> <p style="text-align: justify;">City Express, a trusted money transfer company of Nepal, has been organizing a scheme on the occasion of Dashain and Tihar, which will run for 90 days.</p> <p style="text-align: justify;">Under this scheme, City Express informed that the company will be announcing winners on a daily, weekly and monthly basis. By the end of the scheme, one bumper winner will be awarded with Renault Kwid RXL car.</p> <p style="text-align: justify;">The company will be providing daily winners with "silver coins", caps, t-shirts and key rings. Similarly, one lucky winner will be awarded with OPPO mobile phone each week and one winner will be provided with LG refrigerator as monthly prize.</p> <p style="text-align: justify;">All the winners also will directly qualify for lucky draw of the bumper prize, informed the company. Both domestic as well as international transactions were included in the campaign, said the company. Further details are available on the Facebook page of City Express Money Transfer.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6378', 'image' => '20170917110233_city.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6601', 'article_category_id' => '1', 'title' => 'Yeti Airlines Adds New ATR', 'sub_title' => '', 'summary' => 'September 17: Yeti Airlines has added a new twin-engine ATR to its fleet.', 'content' => '<p>September 17: Yeti Airlines has added a new twin-engine ATR to its fleet. The airlines company informed that the new plane will conduct flights to Biratnagar and Nepalgunj. The ATR 72-500 is a turboprop aircraft built by the French-Italian consortium ATR. The company said in as statement that the plane has already arrived at Tribhuvan International Airport. The aircraft is powered by powerful engine and propeller while the special features of the plane include less consumption of fuel and production of relatively low sound, according to the company. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6384', 'image' => '20170917045434_atr twit.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6600', 'article_category_id' => '1', 'title' => '‘Government using money laundering act to punish tax evaders’', 'sub_title' => '', 'summary' => 'September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community.', 'content' => '<p>September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community. Disputes have arised due to the differing views of the government and the private sector regarding money laundering.</p> <p>Both sides expressed their grievances related to the act during a program organised by Nepal Chamber of Commerce (NCC) on Friday, September 15.</p> <p>Businessmen complained that the government authorities have been threatening them for tax evasion under the money laundering act. Meanwhile, government authorities say that it is necessary to implement the act as they are signatory to international convention on money laundering.</p> <p>However, knowledgeable sources claim that both the government and the entrepreneurs say one thing but have different strategies. “The government has been using the money laundering act to curb tax evasion, under invoicing and black marketing,” said a former secretary, adding, “Businessmen on the other hand claim that they cannot be booked for tax evasion under the money laundering act.”</p> <p>Under this act, Nepal Rastra Bank recently made it mandatory for any transaction more than Rs 1 million to be done through banking channel. The two sides are still at odds regarding this issue.</p> <p>Of late, government authorities have been considering money laundering as the medium of all other crimes. The government has started finding sources of income of suspected people for curbing money laundering. Representatives of the private sector say that they are having difficulties in conducting business due to the new provisions.</p> <p>Experts say that the government is likely to tighten the screw on money laundering just to show the international community of its commitment made during international conventions. </p> <p>NCC Chairman Rajesh Kaji Shrestha said that the money laundering act should not involve tax issues that have direct impact on businessmen but should have been concerned with topics like terrorism and corruption.</p> <p>Meanhwile, Money Laundering Research Department’s Director General Jeevan Ram Sitaula said that there is no need for honest businessmen to be afraid of the money laundering act.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6383', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6599', 'article_category_id' => '1', 'title' => 'Three Tourist Destinations Connected by Airways', 'sub_title' => '', 'summary' => 'September 17: Three major tourist destinations of the country have now been connected to each other by airways.', 'content' => '<p>September 17: Three major tourist destinations of the country have now been connected to each other by airways. Buddha Air has started fight services from Pokhara to Bharatpur and Bhairahawa from September 15.</p> <p>Buddha Air said it started the Bharatpur-Pokhara flights upon the request of tourism entrepreneurs as the industry was hard hit by the dwindling number of tourists due to the ongoing road upgradation works in Narayangadh-Mungling road section.</p> <p>According to Gautam Baral, manager of Buddha Air’s Pokhara-based office, the rate of Pokhara-Bharatpur flight has been fixed at Rs 3,650 while Pokhara-Bhairahawa flight costs Rs 4,200.</p> <p>Tourism entrepreneurs are hopeful that the inflow of tourists will increase with the commencement of the flight services as the Narayangadh-Mugling road upgradation work coupled with landslides had obstructed the arrival of tourists, particularly from India.</p> <p>In addition to this, they also believe that the flight services will also promote internal tourism. Bharat Raj Parajuli, vice-president of Pokhara Tourism Council (PTC), said that the new flight schedule will boost tourist arrival.</p> <p>“The new route has made it convenient for the arrival of Indian tourists from Bhairahawa,” he said. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6382', 'image' => '20170917030316_buddha airee.jpeg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6598', 'article_category_id' => '1', 'title' => '201 Graduate From The British College', 'sub_title' => '', 'summary' => 'September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.', 'content' => '<p>September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.</p> <p>According to the college, 69 students graduated with BBA (Hons); 28 with MSc International Business Management from The University of the West of England, Bristol and 104 students with BSc (Hons) Computing from Leeds Beckett University.</p> <p>“This is the largest graduating batch to date showing a big growth in the success and popularity of the college,” said the college in a statement.</p> <p>Representatives from both the awarding universities, Patricia Voaden, head of department for Business and Management, UWE and Lesley Earle, principal lecturer of Leeds Beckett, attended the event held at Hotel Soaltee Crowne Plaza.</p> <p>They expressed their pride and respect for the graduating students and delivered motivating advice to the fresh graduates preparation to embark on their professional careers.</p> <p>The British College offers internationally recognised degrees and courses such as BBA, BSc (Hons) Computing, MSc International Management, MBA and MBA (Executive) from The Leeds Beckett University and The University of West of England. The college said it is also extending its range of course to include MSc Information Management and MSc Public health in the coming year. Currently, the college has more than 1400 students studying various courses.</p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6381', 'image' => '20170917022309_Snap3.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6597', 'article_category_id' => '1', 'title' => 'Daman’s View Tower to Come into Operation Again', 'sub_title' => '', 'summary' => 'September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. ', 'content' => '<p>September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. The municipality has decided to hand over the operation of the tower to any hotel operator who would provide Rs 500,050 annually to the municipality.</p> <p>Dharan’s Thaha Municipality Chief Labeshwar Bista said that the responsibility of operating the tower will be handed to hotel and tourism entrepreneur. The view tower, which was under the tourism ministry for a long time, was handed over to the Makwanpur District Development Committee six years ago. The current municipal chief Bista took over the responsibility of the tower three years ago. The view tower had remained closed after sustaining damages during the April 25, 2015 earthquake. Bista informed that the tower has already been renovated and is currently under the jurisdiction of the municipality.</p> <p>The Everest View Tower in Daman of Makwanpur district is 75 kilometers away from Kathmandu and 55 kilometers from Hetauda.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6380', 'image' => '20170917121154_Everest view Tower.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6596', 'article_category_id' => '1', 'title' => 'JICA Nepal Hands Over Two Public Facilities Reconstructed after the Earthquake', 'sub_title' => '', 'summary' => 'September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.', 'content' => '<p>September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.</p> <p>JICA said in a press statement that a Community Training Center in Bungkot, Gorkha come back into operation on September 15 with its support. Likewise, JICA also inaugurated a newly reconstructed Small Farmer Agriculture Product Collection Center in Bhotechaur, Sindhupalchowk on August 15.</p> <p>Both buildings were reconstructed by JICA based on the “Build Back Better” principle through its “Project on Rehabilitation and Recovery from Nepal Earthquake,” reads the statement.</p> <p>JICA Nepal said it has undertaken reconstruction of more than 20 earthquake resilient public facilities in Gorkha and Sindhupalchowk damaged by the 2015 earthquake which shall be completed within a year.</p> <p>According to JICA, the Bungkot Community Training Center, handed over to the Shahid Lakhan Rural Municipality, can be utilized for a wide range of community-level activities with major focus on post-earthquake recovery in the municipality.</p> <p>“It is a one-story building and houses a training hall, a kitchen and a canteen. It is also a barrier-free building with a wheelchair ramp and a restroom equipped for people with disabilities. The construction work started on May 15, 2016 with a total cost of NRs 14.28 million,” the statement said.</p> <p>Bhotechaur Small Farmer Agriculture Product Collection Center in Sindhupalchowk, which was handed over to the Suryamukhi Small Farmer Cooperative Limited, is a two-story building with its ground floor mainly for farmers to store their products before sending to markets, the statement further said.</p> <p>The construction work started on June 20 last year with a total cost of NRs 14 million, JICA said.</p> <p>Besides the infrastructure reconstruction support, JICA said it also conducted a series of farming skill enhancement activities for the farmers in Bhotechaur and other VDCs in Sindhupalchowk. Combined with reconstruction of agricultural infrastructure in the district, JICA claimed it contributes to livelihood restoration among the communities affected by the earthquake.</p> <p>In addition, JICA also completed rehabilitation of the nearby rural road that connects Bhotechaur and Melamchi in Sindhupalchwok district in April at a total cost of NRs 16.25 million. The road is about 13 kilometers long and now has improved irrigation facilities. It is expected to improve farmers’ access to the markets. The project was also handed over to the user group during the same occasion.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6379', 'image' => '20170917113406_Community Training Centre, Bungkot.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6595', 'article_category_id' => '1', 'title' => 'City Express Money Transfer Announces Winners of ‘Utsav Express’ Scheme', 'sub_title' => '', 'summary' => 'September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.', 'content' => '<p style="text-align: justify;">September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.</p> <p style="text-align: justify;">Issuing a press statement, the company said the winners for the first week of its campaign includes Raj Kumari Limbu, Shova Giri, Sarmila Baniya Chhetri, Erika Gurung, Sarifa Miya, Rupesh Dhaugoda, Rita Poudel, Bikash Rana and Sunita Tamang. Tamang won an OPPO phone while the others received silver coins.</p> <p style="text-align: justify;">City Express, a trusted money transfer company of Nepal, has been organizing a scheme on the occasion of Dashain and Tihar, which will run for 90 days.</p> <p style="text-align: justify;">Under this scheme, City Express informed that the company will be announcing winners on a daily, weekly and monthly basis. By the end of the scheme, one bumper winner will be awarded with Renault Kwid RXL car.</p> <p style="text-align: justify;">The company will be providing daily winners with "silver coins", caps, t-shirts and key rings. Similarly, one lucky winner will be awarded with OPPO mobile phone each week and one winner will be provided with LG refrigerator as monthly prize.</p> <p style="text-align: justify;">All the winners also will directly qualify for lucky draw of the bumper prize, informed the company. Both domestic as well as international transactions were included in the campaign, said the company. Further details are available on the Facebook page of City Express Money Transfer.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6378', 'image' => '20170917110233_city.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6601', 'article_category_id' => '1', 'title' => 'Yeti Airlines Adds New ATR', 'sub_title' => '', 'summary' => 'September 17: Yeti Airlines has added a new twin-engine ATR to its fleet.', 'content' => '<p>September 17: Yeti Airlines has added a new twin-engine ATR to its fleet. The airlines company informed that the new plane will conduct flights to Biratnagar and Nepalgunj. The ATR 72-500 is a turboprop aircraft built by the French-Italian consortium ATR. The company said in as statement that the plane has already arrived at Tribhuvan International Airport. The aircraft is powered by powerful engine and propeller while the special features of the plane include less consumption of fuel and production of relatively low sound, according to the company. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6384', 'image' => '20170917045434_atr twit.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6600', 'article_category_id' => '1', 'title' => '‘Government using money laundering act to punish tax evaders’', 'sub_title' => '', 'summary' => 'September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community.', 'content' => '<p>September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community. Disputes have arised due to the differing views of the government and the private sector regarding money laundering.</p> <p>Both sides expressed their grievances related to the act during a program organised by Nepal Chamber of Commerce (NCC) on Friday, September 15.</p> <p>Businessmen complained that the government authorities have been threatening them for tax evasion under the money laundering act. Meanwhile, government authorities say that it is necessary to implement the act as they are signatory to international convention on money laundering.</p> <p>However, knowledgeable sources claim that both the government and the entrepreneurs say one thing but have different strategies. “The government has been using the money laundering act to curb tax evasion, under invoicing and black marketing,” said a former secretary, adding, “Businessmen on the other hand claim that they cannot be booked for tax evasion under the money laundering act.”</p> <p>Under this act, Nepal Rastra Bank recently made it mandatory for any transaction more than Rs 1 million to be done through banking channel. The two sides are still at odds regarding this issue.</p> <p>Of late, government authorities have been considering money laundering as the medium of all other crimes. The government has started finding sources of income of suspected people for curbing money laundering. Representatives of the private sector say that they are having difficulties in conducting business due to the new provisions.</p> <p>Experts say that the government is likely to tighten the screw on money laundering just to show the international community of its commitment made during international conventions. </p> <p>NCC Chairman Rajesh Kaji Shrestha said that the money laundering act should not involve tax issues that have direct impact on businessmen but should have been concerned with topics like terrorism and corruption.</p> <p>Meanhwile, Money Laundering Research Department’s Director General Jeevan Ram Sitaula said that there is no need for honest businessmen to be afraid of the money laundering act.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6383', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6599', 'article_category_id' => '1', 'title' => 'Three Tourist Destinations Connected by Airways', 'sub_title' => '', 'summary' => 'September 17: Three major tourist destinations of the country have now been connected to each other by airways.', 'content' => '<p>September 17: Three major tourist destinations of the country have now been connected to each other by airways. Buddha Air has started fight services from Pokhara to Bharatpur and Bhairahawa from September 15.</p> <p>Buddha Air said it started the Bharatpur-Pokhara flights upon the request of tourism entrepreneurs as the industry was hard hit by the dwindling number of tourists due to the ongoing road upgradation works in Narayangadh-Mungling road section.</p> <p>According to Gautam Baral, manager of Buddha Air’s Pokhara-based office, the rate of Pokhara-Bharatpur flight has been fixed at Rs 3,650 while Pokhara-Bhairahawa flight costs Rs 4,200.</p> <p>Tourism entrepreneurs are hopeful that the inflow of tourists will increase with the commencement of the flight services as the Narayangadh-Mugling road upgradation work coupled with landslides had obstructed the arrival of tourists, particularly from India.</p> <p>In addition to this, they also believe that the flight services will also promote internal tourism. Bharat Raj Parajuli, vice-president of Pokhara Tourism Council (PTC), said that the new flight schedule will boost tourist arrival.</p> <p>“The new route has made it convenient for the arrival of Indian tourists from Bhairahawa,” he said. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6382', 'image' => '20170917030316_buddha airee.jpeg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6598', 'article_category_id' => '1', 'title' => '201 Graduate From The British College', 'sub_title' => '', 'summary' => 'September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.', 'content' => '<p>September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.</p> <p>According to the college, 69 students graduated with BBA (Hons); 28 with MSc International Business Management from The University of the West of England, Bristol and 104 students with BSc (Hons) Computing from Leeds Beckett University.</p> <p>“This is the largest graduating batch to date showing a big growth in the success and popularity of the college,” said the college in a statement.</p> <p>Representatives from both the awarding universities, Patricia Voaden, head of department for Business and Management, UWE and Lesley Earle, principal lecturer of Leeds Beckett, attended the event held at Hotel Soaltee Crowne Plaza.</p> <p>They expressed their pride and respect for the graduating students and delivered motivating advice to the fresh graduates preparation to embark on their professional careers.</p> <p>The British College offers internationally recognised degrees and courses such as BBA, BSc (Hons) Computing, MSc International Management, MBA and MBA (Executive) from The Leeds Beckett University and The University of West of England. The college said it is also extending its range of course to include MSc Information Management and MSc Public health in the coming year. Currently, the college has more than 1400 students studying various courses.</p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6381', 'image' => '20170917022309_Snap3.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6597', 'article_category_id' => '1', 'title' => 'Daman’s View Tower to Come into Operation Again', 'sub_title' => '', 'summary' => 'September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. ', 'content' => '<p>September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. The municipality has decided to hand over the operation of the tower to any hotel operator who would provide Rs 500,050 annually to the municipality.</p> <p>Dharan’s Thaha Municipality Chief Labeshwar Bista said that the responsibility of operating the tower will be handed to hotel and tourism entrepreneur. The view tower, which was under the tourism ministry for a long time, was handed over to the Makwanpur District Development Committee six years ago. The current municipal chief Bista took over the responsibility of the tower three years ago. The view tower had remained closed after sustaining damages during the April 25, 2015 earthquake. Bista informed that the tower has already been renovated and is currently under the jurisdiction of the municipality.</p> <p>The Everest View Tower in Daman of Makwanpur district is 75 kilometers away from Kathmandu and 55 kilometers from Hetauda.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6380', 'image' => '20170917121154_Everest view Tower.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6596', 'article_category_id' => '1', 'title' => 'JICA Nepal Hands Over Two Public Facilities Reconstructed after the Earthquake', 'sub_title' => '', 'summary' => 'September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.', 'content' => '<p>September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.</p> <p>JICA said in a press statement that a Community Training Center in Bungkot, Gorkha come back into operation on September 15 with its support. Likewise, JICA also inaugurated a newly reconstructed Small Farmer Agriculture Product Collection Center in Bhotechaur, Sindhupalchowk on August 15.</p> <p>Both buildings were reconstructed by JICA based on the “Build Back Better” principle through its “Project on Rehabilitation and Recovery from Nepal Earthquake,” reads the statement.</p> <p>JICA Nepal said it has undertaken reconstruction of more than 20 earthquake resilient public facilities in Gorkha and Sindhupalchowk damaged by the 2015 earthquake which shall be completed within a year.</p> <p>According to JICA, the Bungkot Community Training Center, handed over to the Shahid Lakhan Rural Municipality, can be utilized for a wide range of community-level activities with major focus on post-earthquake recovery in the municipality.</p> <p>“It is a one-story building and houses a training hall, a kitchen and a canteen. It is also a barrier-free building with a wheelchair ramp and a restroom equipped for people with disabilities. The construction work started on May 15, 2016 with a total cost of NRs 14.28 million,” the statement said.</p> <p>Bhotechaur Small Farmer Agriculture Product Collection Center in Sindhupalchowk, which was handed over to the Suryamukhi Small Farmer Cooperative Limited, is a two-story building with its ground floor mainly for farmers to store their products before sending to markets, the statement further said.</p> <p>The construction work started on June 20 last year with a total cost of NRs 14 million, JICA said.</p> <p>Besides the infrastructure reconstruction support, JICA said it also conducted a series of farming skill enhancement activities for the farmers in Bhotechaur and other VDCs in Sindhupalchowk. Combined with reconstruction of agricultural infrastructure in the district, JICA claimed it contributes to livelihood restoration among the communities affected by the earthquake.</p> <p>In addition, JICA also completed rehabilitation of the nearby rural road that connects Bhotechaur and Melamchi in Sindhupalchwok district in April at a total cost of NRs 16.25 million. The road is about 13 kilometers long and now has improved irrigation facilities. It is expected to improve farmers’ access to the markets. The project was also handed over to the user group during the same occasion.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6379', 'image' => '20170917113406_Community Training Centre, Bungkot.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6595', 'article_category_id' => '1', 'title' => 'City Express Money Transfer Announces Winners of ‘Utsav Express’ Scheme', 'sub_title' => '', 'summary' => 'September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.', 'content' => '<p style="text-align: justify;">September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.</p> <p style="text-align: justify;">Issuing a press statement, the company said the winners for the first week of its campaign includes Raj Kumari Limbu, Shova Giri, Sarmila Baniya Chhetri, Erika Gurung, Sarifa Miya, Rupesh Dhaugoda, Rita Poudel, Bikash Rana and Sunita Tamang. Tamang won an OPPO phone while the others received silver coins.</p> <p style="text-align: justify;">City Express, a trusted money transfer company of Nepal, has been organizing a scheme on the occasion of Dashain and Tihar, which will run for 90 days.</p> <p style="text-align: justify;">Under this scheme, City Express informed that the company will be announcing winners on a daily, weekly and monthly basis. By the end of the scheme, one bumper winner will be awarded with Renault Kwid RXL car.</p> <p style="text-align: justify;">The company will be providing daily winners with "silver coins", caps, t-shirts and key rings. Similarly, one lucky winner will be awarded with OPPO mobile phone each week and one winner will be provided with LG refrigerator as monthly prize.</p> <p style="text-align: justify;">All the winners also will directly qualify for lucky draw of the bumper prize, informed the company. Both domestic as well as international transactions were included in the campaign, said the company. Further details are available on the Facebook page of City Express Money Transfer.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6378', 'image' => '20170917110233_city.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6609', 'article_category_id' => '1', 'title' => 'Apple World Mobile Announces Festive Offer', 'sub_title' => '', 'summary' => 'September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. ', 'content' => '<p>September 18: Apple World Mobile has announced festive offer on the occasion of Dashain and Tihar. Apple World Mobile has said it will not let any of its buyers walk away empty handed during the offer available at its multi-brand mobile showroom at Mercantile Plaza, Durbar Marg. The company has also announced to provide bumper prize on purchase of phones from the showroom. Under the scheme, customers can get up to 60 percent discount on purchase of phones while one lucky winner will get R15 bike as bumper prize. Other prizes include iphone 8 and a trip to Singapore and Malaysia for one person. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6392', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6608', 'article_category_id' => '1', 'title' => 'Bhattarai appointed acting CEO of Century Bank', 'sub_title' => '', 'summary' => 'September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. ', 'content' => '<p>September 18: Jeevan Bhattarai has been appointed as the Acting Chief Executive Officer of Century Bank. A meeting of the board of directors of the bank on September 17 decided to promote Bhattarai from the post of deputy CEO to the acting CEO. The same meeting also accepted the resignation of the bank’s CEO Anuj Mani Timilsina. Bhattarai holds an MPhil degree in management in addition to post graduate degrees in economics and human resource management while he is also a law graduate. Bhattarai has served in top posts of various banks including Siddhartha Bank, Himalayan Bank and Century Bank for the last 21 years. </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6391', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6607', 'article_category_id' => '1', 'title' => 'Mahalaxmi Provides Support to Flood Victims', 'sub_title' => '', 'summary' => 'September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. ', 'content' => '<p>September 18: Mahalaxmi Bikas Bank has provided financial support to the flood victims. The bank has deposited Rs 500,000 in the Prime Minister’s Relief Fund through Development Bankers Association. The bank has pledged to continue such works under its corporate social responsibility.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6390', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6606', 'article_category_id' => '1', 'title' => 'World Bank Warns of Decline in Economic Growth', 'sub_title' => '', 'summary' => 'September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.', 'content' => '<p>September 18: The World Bank has warned that the economic growth is likely to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years because of the floods.</p> <p>In its semi-annual assessment of economic performance, the World Bank reported that economic activity in Nepal, which rebounded strongly in fiscal year 2017, has been impacted once again by severe floods affecting over a third of the country.</p> <p>Damaging floods in mid-August are likely to affect agriculture, economic activity, and poverty reduction efforts even up to FY 2018.</p> <p> “Economic growth is expected to be lower than earlier forecast and is expected to average 4.5 percent over the next two fiscal years,” says Sudyumna Dahal, World Bank economist and principal author of the latest Nepal Development Update.</p> <p>According to the report, the floods have affected over 5 percent of the total population, with several districts recording the heaviest rainfall in 60 years. Over 80 percent of land in the southern Tarai, the country’s food basket, was affected. Estimates of destroyed crops at 64,000 hectares will likely lead to a weak agricultural output in FY 2018.</p> <p>As Nepal prepares for an ambitious shift from a unitary to federal system of government, closer attention to sequencing political, financial and administrative decentralization will be key, the report says.</p> <p>The World Bank has said a large proportion of federal spending is expected to be passed on to the sub-national governments, ultimately increasing public spending starting from FY 2018.</p> <p>However, the report cautions that unresolved issues surrounding the implementation of the new federal architecture could challenge budget execution, particularly during the upcoming year.</p> <p> Nepal’s new fiscal federalism system suggests a marked asymmetry between stronger decentralization of spending responsibilities and relatively unchanged low decentralization of tax collection powers, notes the report. Similar imbalances hold true between regions across the country.</p> <p> “The sub-national governments will play an increasingly critical role in Nepal’s public expenditures,” said Takuya Kamata, the World Bank’s country manager for Nepal. “A system of fiscal transfers that is designed for transparency and predictability and supported by a small set of simple rules, could go a long way in helping meet the development objectives of federal Nepal,” he said.</p> <p> The report has made some key observations including many functional assignments are “shared” among the three levels of government. It also observed that the revenue collection and tax administration remain relatively unchanged and highly centralized, with limited existing tax bases for sub-national governments. The report suggests that the resulting mismatch between revenue collection and service provision could be closed through inter-governmental transfers. </p> <p>The report said that although the government revenue collection in FY 2017 reached a new record, the government spending accelerated as well. However, more than 60 percent of the capital budget was spent in the last quarter of the fiscal year while expenditure remained significantly below the planned budget, a perennial problem in Nepal. The era of balanced budgets has ended with the fiscal deficit reaching an estimated 3.3 percent of GDP in FY 2017 and is expected to increase as well.</p> <p> Additionally, the current account, which turned into a deficit in FY 2017, is also expected to deteriorate further in FY 2018.</p> <p>The report predicts that import growth should remain strong, while growth of exports and remittances are expected to remain sluggish. Recorded departures of migrant workers have continued to slow, reaching a five-year low in FY 2017. Given the geopolitical tensions between Gulf Cooperation Council countries and Qatar—a major destination of migrant workers—departures are not expected to improve significantly.</p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6389', 'image' => null, 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6605', 'article_category_id' => '1', 'title' => 'MoneyGram Announces Winners of First Week', 'sub_title' => '', 'summary' => 'September 18: MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.', 'content' => '<p><strong>September 18: </strong>MoneyGram has announced the winners of the first week of its festive offer held on the occasion of Dashain.</p> <p>The special promotion campaign of MoneyGram launched on September 1 offers a chance to its receiving customers across Nepal to have their transaction amount doubled, the company said in a statement.</p> <p>The company said that Tika Ram Karki from Kathmandu and Anil Adhikari from Morang are the lucky winners for the first week of the campaign.</p> <p>“We see a significant increase in the transaction volume around Dashian as family members make an extra effort to send money back home. To recognize those efforts, we had decided to launch a promotion rewarding those customers with additional money they can spend on making this time more memorable,” said Sheshagiri Malliah (Sukesh), MoneyGram’s head of India and the subcontinent.</p> <p>Until October 31, every customer receiving an international money transfer in Nepal will be eligible to take part in the lucky draw. MoneyGram said it will double the transaction amount for 16 winners.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6388', 'image' => '20170918123614_moneygram new logo-01.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6604', 'article_category_id' => '1', 'title' => 'NIC Asia Bank Organises Financial Awareness Rally', 'sub_title' => '', 'summary' => 'September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public.', 'content' => '<p>September 18: NIC Asia Bank conducted a financial awareness rally on September 16 with a view to express its commitment towards enhancing financial awareness among the general public. The rally that started from the Bank’s Kamaladi branch travelled through various locations of central Kathmandu before ending at the same branch, the bank said in a statement. More than 600 staff of the bank had actively participated in the rally.</p> <p>“The Bank has been offering customer oriented international standard banking services to more than 6 lakh deposit customers, 28,000 credit customers and 330,000 digital banking customers through country wide network of 128 branches and extension counters,” the statement said.</p> <p>The bank further said it has always placed utmost priority on customer delight and on offering lucrative and customer centric products and services. The bank claimed that it has been currently been offering an annual interest rate of 9 percent per annum to its saving deposit account holders which is the highest interest rate being offered by any commercial bank in the country.</p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6387', 'image' => '20170918121557_download (1).jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6603', 'article_category_id' => '1', 'title' => 'Everest Bank, NBI sign MoU', 'sub_title' => '', 'summary' => 'September 18: National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14.', 'content' => '<p><strong>September 18: </strong>National Banking Institute Ltd (NBI) and Everest Bank Limited (EBL) signed a Memorandum of Understanding (MoU) for strategic alliance on September 14. As per the agreement, NBI would provide exclusively customized training programs to the bank for human capital development.</p> <p>A joint statement issued by the two companies states that EBL has become the first bank to sign formal agreement with NBI to run training programs. Under this agreement, Everest Bank Ltd has committed more than Rs 5 million worth training investment during the fiscal year 2017/18. to NBI. The companies believe that this partnership is expected to further leverage the strategic intervention towards the development of human capital of the bank. </p> <p>The MoU was signed by Someshwar Seth, CEO of EBL and Sanjib Subba, CEO of NBI. This alliance is expected to be a milestone in the capacity building process and bringing about positive transformation in the development of human capital.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-18', 'modified' => '2017-09-18', 'keywords' => '', 'description' => '', 'sortorder' => '6386', 'image' => '20170918121053_Picture.jpg', 'article_date' => '2017-09-18 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6602', 'article_category_id' => '1', 'title' => 'Earthquake Resilient Construction Training for Masons', 'sub_title' => '', 'summary' => 'September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. ', 'content' => '<p>September 17: Panchakanya Group has provided training to masons of Kavre on building earthquake resilient buildings. The training was conducted with the support of Banepa and Panauti municipalities. The training was held from September 9 to 15. Experts informed the masons about various aspects of earthquake resilient buildings including the standard of materials used in construction, foundation and types of foundations, proper process of erecting pillar, number of iron rods to be used in pillars, joining pillars and beam, different types of designs as well as information on damages from earthquakes. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6385', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6601', 'article_category_id' => '1', 'title' => 'Yeti Airlines Adds New ATR', 'sub_title' => '', 'summary' => 'September 17: Yeti Airlines has added a new twin-engine ATR to its fleet.', 'content' => '<p>September 17: Yeti Airlines has added a new twin-engine ATR to its fleet. The airlines company informed that the new plane will conduct flights to Biratnagar and Nepalgunj. The ATR 72-500 is a turboprop aircraft built by the French-Italian consortium ATR. The company said in as statement that the plane has already arrived at Tribhuvan International Airport. The aircraft is powered by powerful engine and propeller while the special features of the plane include less consumption of fuel and production of relatively low sound, according to the company. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6384', 'image' => '20170917045434_atr twit.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6600', 'article_category_id' => '1', 'title' => '‘Government using money laundering act to punish tax evaders’', 'sub_title' => '', 'summary' => 'September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community.', 'content' => '<p>September 17: The Money Laundering Prevention Act 2008 endorsed by the government almost a decade ago for discouraging investment in terrorism has become the bone of contention between the government and the business community. Disputes have arised due to the differing views of the government and the private sector regarding money laundering.</p> <p>Both sides expressed their grievances related to the act during a program organised by Nepal Chamber of Commerce (NCC) on Friday, September 15.</p> <p>Businessmen complained that the government authorities have been threatening them for tax evasion under the money laundering act. Meanwhile, government authorities say that it is necessary to implement the act as they are signatory to international convention on money laundering.</p> <p>However, knowledgeable sources claim that both the government and the entrepreneurs say one thing but have different strategies. “The government has been using the money laundering act to curb tax evasion, under invoicing and black marketing,” said a former secretary, adding, “Businessmen on the other hand claim that they cannot be booked for tax evasion under the money laundering act.”</p> <p>Under this act, Nepal Rastra Bank recently made it mandatory for any transaction more than Rs 1 million to be done through banking channel. The two sides are still at odds regarding this issue.</p> <p>Of late, government authorities have been considering money laundering as the medium of all other crimes. The government has started finding sources of income of suspected people for curbing money laundering. Representatives of the private sector say that they are having difficulties in conducting business due to the new provisions.</p> <p>Experts say that the government is likely to tighten the screw on money laundering just to show the international community of its commitment made during international conventions. </p> <p>NCC Chairman Rajesh Kaji Shrestha said that the money laundering act should not involve tax issues that have direct impact on businessmen but should have been concerned with topics like terrorism and corruption.</p> <p>Meanhwile, Money Laundering Research Department’s Director General Jeevan Ram Sitaula said that there is no need for honest businessmen to be afraid of the money laundering act.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6383', 'image' => null, 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6599', 'article_category_id' => '1', 'title' => 'Three Tourist Destinations Connected by Airways', 'sub_title' => '', 'summary' => 'September 17: Three major tourist destinations of the country have now been connected to each other by airways.', 'content' => '<p>September 17: Three major tourist destinations of the country have now been connected to each other by airways. Buddha Air has started fight services from Pokhara to Bharatpur and Bhairahawa from September 15.</p> <p>Buddha Air said it started the Bharatpur-Pokhara flights upon the request of tourism entrepreneurs as the industry was hard hit by the dwindling number of tourists due to the ongoing road upgradation works in Narayangadh-Mungling road section.</p> <p>According to Gautam Baral, manager of Buddha Air’s Pokhara-based office, the rate of Pokhara-Bharatpur flight has been fixed at Rs 3,650 while Pokhara-Bhairahawa flight costs Rs 4,200.</p> <p>Tourism entrepreneurs are hopeful that the inflow of tourists will increase with the commencement of the flight services as the Narayangadh-Mugling road upgradation work coupled with landslides had obstructed the arrival of tourists, particularly from India.</p> <p>In addition to this, they also believe that the flight services will also promote internal tourism. Bharat Raj Parajuli, vice-president of Pokhara Tourism Council (PTC), said that the new flight schedule will boost tourist arrival.</p> <p>“The new route has made it convenient for the arrival of Indian tourists from Bhairahawa,” he said. </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6382', 'image' => '20170917030316_buddha airee.jpeg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6598', 'article_category_id' => '1', 'title' => '201 Graduate From The British College', 'sub_title' => '', 'summary' => 'September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.', 'content' => '<p>September 17: Altogether 201 students of The British College graduated in various courses this Friday, September 15.</p> <p>According to the college, 69 students graduated with BBA (Hons); 28 with MSc International Business Management from The University of the West of England, Bristol and 104 students with BSc (Hons) Computing from Leeds Beckett University.</p> <p>“This is the largest graduating batch to date showing a big growth in the success and popularity of the college,” said the college in a statement.</p> <p>Representatives from both the awarding universities, Patricia Voaden, head of department for Business and Management, UWE and Lesley Earle, principal lecturer of Leeds Beckett, attended the event held at Hotel Soaltee Crowne Plaza.</p> <p>They expressed their pride and respect for the graduating students and delivered motivating advice to the fresh graduates preparation to embark on their professional careers.</p> <p>The British College offers internationally recognised degrees and courses such as BBA, BSc (Hons) Computing, MSc International Management, MBA and MBA (Executive) from The Leeds Beckett University and The University of West of England. The college said it is also extending its range of course to include MSc Information Management and MSc Public health in the coming year. Currently, the college has more than 1400 students studying various courses.</p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6381', 'image' => '20170917022309_Snap3.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6597', 'article_category_id' => '1', 'title' => 'Daman’s View Tower to Come into Operation Again', 'sub_title' => '', 'summary' => 'September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. ', 'content' => '<p>September 17: Daman’s municipality has called for a tender to resume operation of the hill station’s famed Everest View Tower which was built six decades ago. The municipality has decided to hand over the operation of the tower to any hotel operator who would provide Rs 500,050 annually to the municipality.</p> <p>Dharan’s Thaha Municipality Chief Labeshwar Bista said that the responsibility of operating the tower will be handed to hotel and tourism entrepreneur. The view tower, which was under the tourism ministry for a long time, was handed over to the Makwanpur District Development Committee six years ago. The current municipal chief Bista took over the responsibility of the tower three years ago. The view tower had remained closed after sustaining damages during the April 25, 2015 earthquake. Bista informed that the tower has already been renovated and is currently under the jurisdiction of the municipality.</p> <p>The Everest View Tower in Daman of Makwanpur district is 75 kilometers away from Kathmandu and 55 kilometers from Hetauda.</p> <p> </p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6380', 'image' => '20170917121154_Everest view Tower.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6596', 'article_category_id' => '1', 'title' => 'JICA Nepal Hands Over Two Public Facilities Reconstructed after the Earthquake', 'sub_title' => '', 'summary' => 'September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.', 'content' => '<p>September 17: JICA Nepal handed over two of its newly constructed public facilities to the concerned stakeholders of Sindhupalchowk and Gorkha districts within a month.</p> <p>JICA said in a press statement that a Community Training Center in Bungkot, Gorkha come back into operation on September 15 with its support. Likewise, JICA also inaugurated a newly reconstructed Small Farmer Agriculture Product Collection Center in Bhotechaur, Sindhupalchowk on August 15.</p> <p>Both buildings were reconstructed by JICA based on the “Build Back Better” principle through its “Project on Rehabilitation and Recovery from Nepal Earthquake,” reads the statement.</p> <p>JICA Nepal said it has undertaken reconstruction of more than 20 earthquake resilient public facilities in Gorkha and Sindhupalchowk damaged by the 2015 earthquake which shall be completed within a year.</p> <p>According to JICA, the Bungkot Community Training Center, handed over to the Shahid Lakhan Rural Municipality, can be utilized for a wide range of community-level activities with major focus on post-earthquake recovery in the municipality.</p> <p>“It is a one-story building and houses a training hall, a kitchen and a canteen. It is also a barrier-free building with a wheelchair ramp and a restroom equipped for people with disabilities. The construction work started on May 15, 2016 with a total cost of NRs 14.28 million,” the statement said.</p> <p>Bhotechaur Small Farmer Agriculture Product Collection Center in Sindhupalchowk, which was handed over to the Suryamukhi Small Farmer Cooperative Limited, is a two-story building with its ground floor mainly for farmers to store their products before sending to markets, the statement further said.</p> <p>The construction work started on June 20 last year with a total cost of NRs 14 million, JICA said.</p> <p>Besides the infrastructure reconstruction support, JICA said it also conducted a series of farming skill enhancement activities for the farmers in Bhotechaur and other VDCs in Sindhupalchowk. Combined with reconstruction of agricultural infrastructure in the district, JICA claimed it contributes to livelihood restoration among the communities affected by the earthquake.</p> <p>In addition, JICA also completed rehabilitation of the nearby rural road that connects Bhotechaur and Melamchi in Sindhupalchwok district in April at a total cost of NRs 16.25 million. The road is about 13 kilometers long and now has improved irrigation facilities. It is expected to improve farmers’ access to the markets. The project was also handed over to the user group during the same occasion.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6379', 'image' => '20170917113406_Community Training Centre, Bungkot.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6595', 'article_category_id' => '1', 'title' => 'City Express Money Transfer Announces Winners of ‘Utsav Express’ Scheme', 'sub_title' => '', 'summary' => 'September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.', 'content' => '<p style="text-align: justify;">September 17: City Express Money Transfer has announced the winners for its "Utsav Express" Scheme.</p> <p style="text-align: justify;">Issuing a press statement, the company said the winners for the first week of its campaign includes Raj Kumari Limbu, Shova Giri, Sarmila Baniya Chhetri, Erika Gurung, Sarifa Miya, Rupesh Dhaugoda, Rita Poudel, Bikash Rana and Sunita Tamang. Tamang won an OPPO phone while the others received silver coins.</p> <p style="text-align: justify;">City Express, a trusted money transfer company of Nepal, has been organizing a scheme on the occasion of Dashain and Tihar, which will run for 90 days.</p> <p style="text-align: justify;">Under this scheme, City Express informed that the company will be announcing winners on a daily, weekly and monthly basis. By the end of the scheme, one bumper winner will be awarded with Renault Kwid RXL car.</p> <p style="text-align: justify;">The company will be providing daily winners with "silver coins", caps, t-shirts and key rings. Similarly, one lucky winner will be awarded with OPPO mobile phone each week and one winner will be provided with LG refrigerator as monthly prize.</p> <p style="text-align: justify;">All the winners also will directly qualify for lucky draw of the bumper prize, informed the company. Both domestic as well as international transactions were included in the campaign, said the company. Further details are available on the Facebook page of City Express Money Transfer.</p> ', 'published' => true, 'created' => '2017-09-17', 'modified' => '2017-09-17', 'keywords' => '', 'description' => '', 'sortorder' => '6378', 'image' => '20170917110233_city.jpg', 'article_date' => '2017-09-17 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Currency | Unit |
Buy | Sell |
U.S. Dollar | 1 | 121.23 | 121.83 |
European Euro | 1 | 131.65 | 132.31 |
UK Pound Sterling | 1 | 142.47 | 143.18 |
Swiss Franc | 1 | 124.29 | 124.90 |
Australian Dollar | 1 | 71.69 | 72.05 |
Canadian Dollar | 1 | 83.90 | 84.32 |
Japanese Yen | 10 | 10.94 | 11.00 |
Chinese Yuan | 1 | 17.17 | 17.26 |
Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
UAE Dirham | 1 | 33.01 | 33.17 |
Malaysian Ringgit | 1 | 27.36 | 27.50 |
South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
Fine Gold | 1 tola | 77000.00 |
Tejabi Gold | 1 tola | 76700.00 |
Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
Petrol | 1 Liter | 106.00 |
Diesel | 1 Liter | 95.00 |
Kerosene | 1 Liter | 95.00 |
LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25