Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '6292',
			'article_category_id' => '1',
			'title' => 'Election Code of Conduct Hampers Development Projects',
			'sub_title' => '',
			'summary' => ' Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.',
			'content' => '<p>July 25: Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.</p>

<p>Ministry of Physical Infrastructure and Transport got the largest share of budget for the fiscal year 2017/18. However, some major projects under the ministry have become uncertain due to the government&rsquo;s decision to hold the local level polls in phase-wise manner.</p>

<p>Three of the projects identified by the ministry have been hit by the election deferral, which was initially announced for May 14.</p>

<p>The projects suffered setbacks as the election code of conduct was in place when the budget was announced.</p>

<p>The constitution had set the deadline of May 29 as the date for budget announcement while the opposition parties were demanding the government not bring any programmes that could possibly influence the election results.</p>

<p>The new projects and programmes were announced as per the understanding reached between the political parties amid this backdrop. As a result, the projects prepared by the ministry had to be dropped while announcing the budget.</p>

<p>Since the local elections held after 20 years couldn&rsquo;t take place in one phase on May 14, the projects suffered setbacks as the date of budget announcement clashed with the election date.</p>

<p>Despite having adequate budget, various projects couldn&rsquo;t get approval due to political instability.</p>

<p>Under-secretary at the Ministry of Physical Infrastructure and Transport Rajendra Raj Sharma said that the ministry had given priority to study the feasibility of new roads, tunnels and flyovers in Kathmandu Valley. The ministry was interested in 40 kilometers road parallel to the Prithvi Highway on the other side of Trishuli River while it was planning to study the feasibility of four tunnels and flyovers in Kathmandu. However, the projects had to be dropped as the election code of conduct was in place during budget announcement.</p>

<p>However, the ministry is hopeful that the projects can get back on track if the government announces supplementary budget.&nbsp;</p>
',
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			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6075',
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			'article_date' => '2017-07-25 00:00:00',
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			'id' => '6291',
			'article_category_id' => '1',
			'title' => 'NRB bars Elected Representatives from BFI Board',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. ',
			'content' => '<p>July 25: Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. According to the circular, anyone elected in any of the three tiers of elections, namely local, provincial and federal, cannot remain in the board of BFIs.</p>

<p>The Banks and Financial Institutions Act (BAFIA) passed by the parliament last year has provisions to bar lawmakers from being a member of the board of directors of BFIs. As per the rules, many lawmakers involved with BFIs have already given up their banking roles.</p>

<p>NRB has claimed that it introduced the new regulation fearing that the elected representatives as board members of BFIs could weaken good governance.</p>

<p>The central bank said it issued the circular effective from July 24.</p>

<p>NRB&rsquo;s spokesperson Narayan Prasad Poudel informed that the central bank took such decision after finding that some of the elected representatives were also members of board of directors of BFIs.</p>

<p>&ldquo;We found some elected representatives involved in BFIs. Such dual role would weaken good governance so we decided to issue the circular,&rdquo; said Poudel.</p>

<p>Former governor of NRB Dipendra Bahadur Chhetri backed the move saying that the central bank took the right decision.</p>

<p>According to Chhetri, the elected representatives should not be allowed to hold any major post in BFIs as they are the ones responsible to deliver justice, make political decisions as well as monitor various issues at the local level.</p>

<p>&ldquo;They have the quasi-judicial powers of the executive, legislative and judicial bodies so they can influence the decisions of BFIs. Therefore they should be excluded from the board of BFIs,&rdquo; said Chhetri.</p>

<p>NRB informed that the circular was issued as per Clause 79 of the Nepal Rastra Bank Act, 2058.&nbsp;</p>
',
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			'created' => '2017-07-25',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '6074',
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			'article_date' => '2017-07-25 00:00:00',
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		'Article' => array(
			'id' => '6290',
			'article_category_id' => '1',
			'title' => 'Supreme Court Unveils new Guideline',
			'sub_title' => '',
			'summary' => ' The Supreme Court’s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).',
			'content' => '<p style="margin-left:5.0pt">July 24: The Supreme Court&rsquo;s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).</p>

<p style="margin-left:5.0pt">A press statement issued by JICA states that the Supreme Court&rsquo;s Chief Registrar Nahakul Subedi unveiled the guideline on July 23 at the Supreme Court office amidst a program and mentioned that &ldquo;the drafting of the Case Management Guidelines is instrumental for strengthening the judicial system in Nepal&rdquo;.</p>

<p style="margin-left:5.0pt">&ldquo;The Case Management Guideline and has now come into effect in all the 75 districts. The Guideline will help to understand the court procedure especially for judges, court officials and lawyers,&rdquo; reads the press statement.</p>

<p style="margin-left:5.0pt">The guideline was prepared with technical assistance of JICA under <strong>&ldquo;The Project for Strengthening the Capacity of Court for Expeditious and Reliable Dispute Settlement&rdquo; </strong>from September 2013 to March 2018. The project&rsquo;s objective is to establish the foundation to improve the court&rsquo;s function for promoting expeditious and reliable dispute settlement, according to JICA.</p>

<p>Jun Sakuma, chief representative of JICA Nepal, during the occasion reaffirmed JICA&rsquo;s continuous support to the Supreme Court for establishing harmonious society in Nepal by ensuring access to justice for all public.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6073',
			'image' => '20170725121726_jica.jpg',
			'article_date' => '2017-07-25 00:00:00',
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		'Article' => array(
			'id' => '6289',
			'article_category_id' => '1',
			'title' => 'Best Consumer Digital Award to Standard Chartered',
			'sub_title' => '',
			'summary' => ' Standard Chartered Bank has been awarded with the World’s Best Consumer Digital Bank Award-2017.',
			'content' => '<p>July 24: Standard Chartered Bank has been awarded with the World&rsquo;s Best Consumer Digital Bank Award-2017. Global Finance Magazine&rsquo;s Best Consumer Digital Bank Award is won by Standard Chartered under the Asia Pacific category, reads a statement issued by the bank.</p>

<p>Winner of the award was announced on July 21. This is the third consecutive time Standard Chartered has won this award. The bank has also been awarded with Nepal&rsquo;s Best Bank-2017 this month.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6072',
			'image' => '20170724033508_Standard-Chartered-Bank-LOGO.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 4 => array(
		'Article' => array(
			'id' => '6288',
			'article_category_id' => '1',
			'title' => 'NMB Bank opens NMB Academy',
			'sub_title' => '',
			'summary' => 'NMB Bank has established its internal training center, NMB Academy.',
			'content' => '<p>July 24: NMB Bank has established its internal training center, NMB Academy. The main objective for its establishment is to provide best training environment to its staff and make them able to tackle every challenging situation, says the bank. CEO Sunil KC inaugurated the academy amid a program held on July 23.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6071',
			'image' => '20170724033148_NMB.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '6287',
			'article_category_id' => '1',
			'title' => 'NIBL Capital as Issue Manager of Om',
			'sub_title' => '',
			'summary' => 'NIBL Capital has been appointed as the issue manager of Om Development Bank. ',
			'content' => '<p>July 24: NIBL Capital has been appointed as the issue manager of Om Development Bank. NIBL has been appointed for the issuance of rights shares of the bank.&nbsp;</p>

<p>CEO Bishwo Mohan Adhikari of Om Development Bank and General Manager Mekh Bahadur Thapa of NIBL Capital signed an agreement in this regard. NIBL Capital will be responsible for the entire activity related to issuance of 10:3 ratios of right shares of Om.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6070',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '6286',
			'article_category_id' => '1',
			'title' => 'First Microfinance receives ICAN award',
			'sub_title' => '',
			'summary' => 'First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).',
			'content' => '<p>July 24: First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).</p>

<p>Finance Minister Gyanendra Bahadur Karki handed the award to CEO Bhesraj Panthi of the bank amid a program organized by ICAN.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6069',
			'image' => '20170724032820_first micro.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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		'Article' => array(
			'id' => '6285',
			'article_category_id' => '1',
			'title' => 'Agrawal Appointed Honorary Consul of Guinea',
			'sub_title' => '',
			'summary' => 'Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.',
			'content' => '<p>July 24: Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.</p>

<p>Agrawal said he will contribute in improving the people-to-people relation as well as economic status of both the countries. He will take initiative to promote Nepali products in Guinea and try to attract tourist to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6068',
			'image' => '20170724032622_gini.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '6284',
			'article_category_id' => '1',
			'title' => 'Lincoln Holds Convocation Ceremony',
			'sub_title' => '',
			'summary' => 'Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. ',
			'content' => '<p>July 24: Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. The university granted degrees to 119 graduates of MBA and BBA courses. Phoenix College of Management was the first college in Nepal to get affiliation from Malaysia-based Lincoln University, established in 2002. Currently, total of 12 colleges from Kathmandu, Lalitpur, Birtamod, Biratnagar, Butwal and Pokhara are affiliated to Lincoln University.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6067',
			'image' => '20170724032257_lincoln.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6283',
			'article_category_id' => '1',
			'title' => 'LIC Provides Insurance Amount',
			'sub_title' => '',
			'summary' => 'LIC Nepal has provided insurance amount as the beneficiary of a policy holder.',
			'content' => '<p>July 24: LIC Nepal has provided insurance amount as the beneficiary of a policy holder. The family of late Bimit Raj Kumar Shrestha of Birendranagar-6 received the insurance amount from the company. The family received Rs 177,100 from the company for a policy worth Rs 100,000 bought by late Shrestha. LIC&rsquo;s Surkhet Branch Manager Suraj Pratap Shah handed the insurance amount to Shrestha&rsquo;s wife Aasha Shrestha.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6066',
			'image' => '20170724031931_lic.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6282',
			'article_category_id' => '1',
			'title' => 'FNCCI Starts Working as per the New Federal Structure',
			'sub_title' => '',
			'summary' => 'Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. ',
			'content' => '<p>July 24: Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. FNCCI made such announcement during a meeting organized to review the new executive body&rsquo;s 100 days in office on July 23.</p>

<p>FNCCI claimed that is has made various reforms in 100 days in office and assured to make the federation more effective in the days to come.</p>

<p>The new executive body elected by the general assembly of FNCCI on April 11 said it has been working for the institutional development of FNCCI as well as for administrative reforms, policy reforms and to expand the financial, political and diplomatic networks.</p>

<p>Speaking on the occasion, FNCCI President Bhavani Rana said that the newly elected body has been working hand-in-hand with the government with a professional approach for the development of industries within the country.</p>

<p>FNCCI also announced that it will organize Nepal-India Investment Seminar in September in Kathmandu in coordination with Confederation of Indian Industry (CII). FNCCI President Rana also informed about their plans of establishing a unit for promoting Nepal-India investment and business with the help of Indian Embassy. Likewise, cross-border trade and tourism expo in collaboration with the government of West Bengal is also in the cards, informed Rana.</p>

<p>FNCCI introduces hotline service</p>

<p>FNCCI has started a 24-hour hotline service to address the grievances of entrepreneurs from across the country. President Bhavani Rana inaugurated the hotline service during the same function. Businessmen from all over the country can dial FNCCI&rsquo;s toll-free number 16600100018 to express their problems as well as to get any information.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6065',
			'image' => '20170724031206_fncci.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6281',
			'article_category_id' => '1',
			'title' => 'Government-Issued Cheques to Freeze after Aug 14',
			'sub_title' => '',
			'summary' => 'Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. ',
			'content' => '<p>July 24: Financial Comptroller General&rsquo;s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. The cheques issued by the government offices till the final day of the last fiscal year 2016/17 will be valid only up to one month of their issuance.</p>

<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>

<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>

<p>&ldquo;It is difficult to clear the amount at the last minute so everyone should be aware of this fact,&rdquo; said Nepal.</p>

<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>

<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. &nbsp;The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>

<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6064',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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	(int) 12 => array(
		'Article' => array(
			'id' => '6280',
			'article_category_id' => '1',
			'title' => 'Revenue Collection up by 33 Percent to Rs 500 billion',
			'sub_title' => '',
			'summary' => 'The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. ',
			'content' => '<p>July 24: The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. The amount is 33.1 percent more than the revenue collection in the corresponding period of the previous fiscal year. In the first 11 months of the FY 2015/16, the government had collected revenue of Rs 396.02 billion.</p>

<p>A report entitled &lsquo;Economic and financial status of the country&rsquo; published by Nepal Rastra Bank attributes the rise in revenue collection to the sharp increase in collection of value added tax (VAT), customs duty, income tax, excise duty &nbsp;among others.</p>

<p>The government collected VAT worth Rs 146.44 billion, which is 27.8 percent of total revenue collected by the government in the first 11 months of the last FY. Last year&rsquo;s VAT collection was also up by 34.5 percent compared to the previous year.</p>

<p>Within the period, customs duty has increased by 45.7 percent, excise duty by 78.3 percent, vehicle tax by 25.9 percent and registration fee by 76.8 percent. Collection of other tax has dropped by overall 26.7 percent. The other tax category includes road construction and repair tax as well as business registration fee.</p>

<p>During the review period, customs duty contributed 19.4 percent to the overall revenue collection while the contribution of income tax was 22.7 percent.</p>

<p>The government&rsquo;s expenditure as compared to its resource mobilization has remained minimal due to which the government&rsquo;s cash reserve has reached Rs 269.07 billion.</p>

<p>During the review period, the total government expenditure in terms of cash flow had increased by 43 percent to Rs 555.10 billion. The government expenditure in the corresponding period of the previous FY was 388.31 billion.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6063',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '6279',
			'article_category_id' => '1',
			'title' => 'Composite Fiber Cylinders in the Market',
			'sub_title' => 'Composite cylinders melt but do not blast during fire',
			'summary' => 'Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. ',
			'content' => '<p>July 23: Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. The government has a policy of promoting composite fiber cylinders after incidents of iron cylinders bursting were reported frequently.</p>

<p>The government has given permission to the private sector to import such cylinder after evaluating their standard. Birgunj-based Karmam Bhagyam Company Pvt Ltd has imported composite fiver cylinders in the Nepali market from India.</p>

<p>According to the company&rsquo;s Managing Director Kishori Lal Tiwadewal, at present they have introduced 14.5 kg cylinder in the market. The company is planning to bring cylinders that can adjust 5 to 19 kg of LPG.</p>

<p>&nbsp;&nbsp;Tiwadewal claimed that the cylinders pose very little risk of bursting as they are made up of fiber glass wrapped in plastic.</p>

<p>&ldquo;Just in case fire breaks out, this cylinder will melt down but will not blast,&rdquo; said Tiwadewal.</p>

<p>Fiber cylinders are transparent and the consumers can see the amount of gas left in the cylinders. The importers argue that the consumers cannot be cheated because of this feature of the cylinder.</p>

<p>The weight of composite cylinders is half the weight of iron cylinders because of which it is easy to transport them to rural areas, informed Tiwadewal.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6062',
			'image' => '20170724012810_new.jpg',
			'article_date' => '2017-07-24 00:00:00',
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		'Article' => array(
			'id' => '6278',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Exploring New Trend in Student Travel',
			'sub_title' => '',
			'summary' => 'Ullens School is taking its students to the Unites States of America for educational tour.',
			'content' => '<p>July 24: Ullens School is taking its students to the Unites States of America for educational tour. Forty-two high school students from Ullens School are visiting the US from July 21 to August 4 via Qatar Airways, states a press release issued by Qatar&rsquo;s flag carrier.</p>

<p>&nbsp;The students will tour places like New York, Orlando, Miami, Washington DC.</p>

<p>Ullens School said in the statement that it is delighted to take part in this tour with Qatar Airways &lsquo;for we want our students to have a memorable in-flight experience while they are on the journey to learn and explore places having valuable learning importance&rsquo;.</p>

<p>&ldquo;The purpose of this tour is to help our students learn about the Rocket Space Program at NASA, travel to places and understand the American culture. They will be visiting NASA Kennedy Space Center, Smithsonian Museum of Natural History, United Nations Headquarters, Wall Street, Madame Tussauds Wax Museum to name a few,&rdquo; reads the press statement.</p>

<p>Qatar Airways informed that it flies daily to 10 cities in the USA including New York , Atlanta , Washington DC , Boston , Chicago, Houston , Dallas, Miami, Los Angeles and Philadelphia.</p>

<p>&nbsp;</p>
',
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			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6061',
			'image' => '20170724120034_ULLENS - annual international tour program.jpg',
			'article_date' => '2017-07-24 00:00:00',
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View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6292',
			'article_category_id' => '1',
			'title' => 'Election Code of Conduct Hampers Development Projects',
			'sub_title' => '',
			'summary' => ' Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.',
			'content' => '<p>July 25: Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.</p>

<p>Ministry of Physical Infrastructure and Transport got the largest share of budget for the fiscal year 2017/18. However, some major projects under the ministry have become uncertain due to the government&rsquo;s decision to hold the local level polls in phase-wise manner.</p>

<p>Three of the projects identified by the ministry have been hit by the election deferral, which was initially announced for May 14.</p>

<p>The projects suffered setbacks as the election code of conduct was in place when the budget was announced.</p>

<p>The constitution had set the deadline of May 29 as the date for budget announcement while the opposition parties were demanding the government not bring any programmes that could possibly influence the election results.</p>

<p>The new projects and programmes were announced as per the understanding reached between the political parties amid this backdrop. As a result, the projects prepared by the ministry had to be dropped while announcing the budget.</p>

<p>Since the local elections held after 20 years couldn&rsquo;t take place in one phase on May 14, the projects suffered setbacks as the date of budget announcement clashed with the election date.</p>

<p>Despite having adequate budget, various projects couldn&rsquo;t get approval due to political instability.</p>

<p>Under-secretary at the Ministry of Physical Infrastructure and Transport Rajendra Raj Sharma said that the ministry had given priority to study the feasibility of new roads, tunnels and flyovers in Kathmandu Valley. The ministry was interested in 40 kilometers road parallel to the Prithvi Highway on the other side of Trishuli River while it was planning to study the feasibility of four tunnels and flyovers in Kathmandu. However, the projects had to be dropped as the election code of conduct was in place during budget announcement.</p>

<p>However, the ministry is hopeful that the projects can get back on track if the government announces supplementary budget.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6075',
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			'article_date' => '2017-07-25 00:00:00',
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		'Article' => array(
			'id' => '6291',
			'article_category_id' => '1',
			'title' => 'NRB bars Elected Representatives from BFI Board',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. ',
			'content' => '<p>July 25: Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. According to the circular, anyone elected in any of the three tiers of elections, namely local, provincial and federal, cannot remain in the board of BFIs.</p>

<p>The Banks and Financial Institutions Act (BAFIA) passed by the parliament last year has provisions to bar lawmakers from being a member of the board of directors of BFIs. As per the rules, many lawmakers involved with BFIs have already given up their banking roles.</p>

<p>NRB has claimed that it introduced the new regulation fearing that the elected representatives as board members of BFIs could weaken good governance.</p>

<p>The central bank said it issued the circular effective from July 24.</p>

<p>NRB&rsquo;s spokesperson Narayan Prasad Poudel informed that the central bank took such decision after finding that some of the elected representatives were also members of board of directors of BFIs.</p>

<p>&ldquo;We found some elected representatives involved in BFIs. Such dual role would weaken good governance so we decided to issue the circular,&rdquo; said Poudel.</p>

<p>Former governor of NRB Dipendra Bahadur Chhetri backed the move saying that the central bank took the right decision.</p>

<p>According to Chhetri, the elected representatives should not be allowed to hold any major post in BFIs as they are the ones responsible to deliver justice, make political decisions as well as monitor various issues at the local level.</p>

<p>&ldquo;They have the quasi-judicial powers of the executive, legislative and judicial bodies so they can influence the decisions of BFIs. Therefore they should be excluded from the board of BFIs,&rdquo; said Chhetri.</p>

<p>NRB informed that the circular was issued as per Clause 79 of the Nepal Rastra Bank Act, 2058.&nbsp;</p>
',
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			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6074',
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			'article_date' => '2017-07-25 00:00:00',
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		'Article' => array(
			'id' => '6290',
			'article_category_id' => '1',
			'title' => 'Supreme Court Unveils new Guideline',
			'sub_title' => '',
			'summary' => ' The Supreme Court’s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).',
			'content' => '<p style="margin-left:5.0pt">July 24: The Supreme Court&rsquo;s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).</p>

<p style="margin-left:5.0pt">A press statement issued by JICA states that the Supreme Court&rsquo;s Chief Registrar Nahakul Subedi unveiled the guideline on July 23 at the Supreme Court office amidst a program and mentioned that &ldquo;the drafting of the Case Management Guidelines is instrumental for strengthening the judicial system in Nepal&rdquo;.</p>

<p style="margin-left:5.0pt">&ldquo;The Case Management Guideline and has now come into effect in all the 75 districts. The Guideline will help to understand the court procedure especially for judges, court officials and lawyers,&rdquo; reads the press statement.</p>

<p style="margin-left:5.0pt">The guideline was prepared with technical assistance of JICA under <strong>&ldquo;The Project for Strengthening the Capacity of Court for Expeditious and Reliable Dispute Settlement&rdquo; </strong>from September 2013 to March 2018. The project&rsquo;s objective is to establish the foundation to improve the court&rsquo;s function for promoting expeditious and reliable dispute settlement, according to JICA.</p>

<p>Jun Sakuma, chief representative of JICA Nepal, during the occasion reaffirmed JICA&rsquo;s continuous support to the Supreme Court for establishing harmonious society in Nepal by ensuring access to justice for all public.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6073',
			'image' => '20170725121726_jica.jpg',
			'article_date' => '2017-07-25 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6289',
			'article_category_id' => '1',
			'title' => 'Best Consumer Digital Award to Standard Chartered',
			'sub_title' => '',
			'summary' => ' Standard Chartered Bank has been awarded with the World’s Best Consumer Digital Bank Award-2017.',
			'content' => '<p>July 24: Standard Chartered Bank has been awarded with the World&rsquo;s Best Consumer Digital Bank Award-2017. Global Finance Magazine&rsquo;s Best Consumer Digital Bank Award is won by Standard Chartered under the Asia Pacific category, reads a statement issued by the bank.</p>

<p>Winner of the award was announced on July 21. This is the third consecutive time Standard Chartered has won this award. The bank has also been awarded with Nepal&rsquo;s Best Bank-2017 this month.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6072',
			'image' => '20170724033508_Standard-Chartered-Bank-LOGO.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '6288',
			'article_category_id' => '1',
			'title' => 'NMB Bank opens NMB Academy',
			'sub_title' => '',
			'summary' => 'NMB Bank has established its internal training center, NMB Academy.',
			'content' => '<p>July 24: NMB Bank has established its internal training center, NMB Academy. The main objective for its establishment is to provide best training environment to its staff and make them able to tackle every challenging situation, says the bank. CEO Sunil KC inaugurated the academy amid a program held on July 23.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6071',
			'image' => '20170724033148_NMB.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '6287',
			'article_category_id' => '1',
			'title' => 'NIBL Capital as Issue Manager of Om',
			'sub_title' => '',
			'summary' => 'NIBL Capital has been appointed as the issue manager of Om Development Bank. ',
			'content' => '<p>July 24: NIBL Capital has been appointed as the issue manager of Om Development Bank. NIBL has been appointed for the issuance of rights shares of the bank.&nbsp;</p>

<p>CEO Bishwo Mohan Adhikari of Om Development Bank and General Manager Mekh Bahadur Thapa of NIBL Capital signed an agreement in this regard. NIBL Capital will be responsible for the entire activity related to issuance of 10:3 ratios of right shares of Om.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6070',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '6286',
			'article_category_id' => '1',
			'title' => 'First Microfinance receives ICAN award',
			'sub_title' => '',
			'summary' => 'First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).',
			'content' => '<p>July 24: First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).</p>

<p>Finance Minister Gyanendra Bahadur Karki handed the award to CEO Bhesraj Panthi of the bank amid a program organized by ICAN.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6069',
			'image' => '20170724032820_first micro.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
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			'in_scroller' => false,
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		'Article' => array(
			'id' => '6285',
			'article_category_id' => '1',
			'title' => 'Agrawal Appointed Honorary Consul of Guinea',
			'sub_title' => '',
			'summary' => 'Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.',
			'content' => '<p>July 24: Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.</p>

<p>Agrawal said he will contribute in improving the people-to-people relation as well as economic status of both the countries. He will take initiative to promote Nepali products in Guinea and try to attract tourist to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6068',
			'image' => '20170724032622_gini.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
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			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '6284',
			'article_category_id' => '1',
			'title' => 'Lincoln Holds Convocation Ceremony',
			'sub_title' => '',
			'summary' => 'Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. ',
			'content' => '<p>July 24: Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. The university granted degrees to 119 graduates of MBA and BBA courses. Phoenix College of Management was the first college in Nepal to get affiliation from Malaysia-based Lincoln University, established in 2002. Currently, total of 12 colleges from Kathmandu, Lalitpur, Birtamod, Biratnagar, Butwal and Pokhara are affiliated to Lincoln University.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6067',
			'image' => '20170724032257_lincoln.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '6283',
			'article_category_id' => '1',
			'title' => 'LIC Provides Insurance Amount',
			'sub_title' => '',
			'summary' => 'LIC Nepal has provided insurance amount as the beneficiary of a policy holder.',
			'content' => '<p>July 24: LIC Nepal has provided insurance amount as the beneficiary of a policy holder. The family of late Bimit Raj Kumar Shrestha of Birendranagar-6 received the insurance amount from the company. The family received Rs 177,100 from the company for a policy worth Rs 100,000 bought by late Shrestha. LIC&rsquo;s Surkhet Branch Manager Suraj Pratap Shah handed the insurance amount to Shrestha&rsquo;s wife Aasha Shrestha.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6066',
			'image' => '20170724031931_lic.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6282',
			'article_category_id' => '1',
			'title' => 'FNCCI Starts Working as per the New Federal Structure',
			'sub_title' => '',
			'summary' => 'Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. ',
			'content' => '<p>July 24: Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. FNCCI made such announcement during a meeting organized to review the new executive body&rsquo;s 100 days in office on July 23.</p>

<p>FNCCI claimed that is has made various reforms in 100 days in office and assured to make the federation more effective in the days to come.</p>

<p>The new executive body elected by the general assembly of FNCCI on April 11 said it has been working for the institutional development of FNCCI as well as for administrative reforms, policy reforms and to expand the financial, political and diplomatic networks.</p>

<p>Speaking on the occasion, FNCCI President Bhavani Rana said that the newly elected body has been working hand-in-hand with the government with a professional approach for the development of industries within the country.</p>

<p>FNCCI also announced that it will organize Nepal-India Investment Seminar in September in Kathmandu in coordination with Confederation of Indian Industry (CII). FNCCI President Rana also informed about their plans of establishing a unit for promoting Nepal-India investment and business with the help of Indian Embassy. Likewise, cross-border trade and tourism expo in collaboration with the government of West Bengal is also in the cards, informed Rana.</p>

<p>FNCCI introduces hotline service</p>

<p>FNCCI has started a 24-hour hotline service to address the grievances of entrepreneurs from across the country. President Bhavani Rana inaugurated the hotline service during the same function. Businessmen from all over the country can dial FNCCI&rsquo;s toll-free number 16600100018 to express their problems as well as to get any information.</p>

<p>&nbsp;</p>
',
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			'sortorder' => '6065',
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			'id' => '6281',
			'article_category_id' => '1',
			'title' => 'Government-Issued Cheques to Freeze after Aug 14',
			'sub_title' => '',
			'summary' => 'Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. ',
			'content' => '<p>July 24: Financial Comptroller General&rsquo;s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. The cheques issued by the government offices till the final day of the last fiscal year 2016/17 will be valid only up to one month of their issuance.</p>

<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>

<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>

<p>&ldquo;It is difficult to clear the amount at the last minute so everyone should be aware of this fact,&rdquo; said Nepal.</p>

<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>

<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. &nbsp;The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>

<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
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			'description' => '',
			'sortorder' => '6064',
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			'article_date' => '2017-07-24 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6280',
			'article_category_id' => '1',
			'title' => 'Revenue Collection up by 33 Percent to Rs 500 billion',
			'sub_title' => '',
			'summary' => 'The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. ',
			'content' => '<p>July 24: The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. The amount is 33.1 percent more than the revenue collection in the corresponding period of the previous fiscal year. In the first 11 months of the FY 2015/16, the government had collected revenue of Rs 396.02 billion.</p>

<p>A report entitled &lsquo;Economic and financial status of the country&rsquo; published by Nepal Rastra Bank attributes the rise in revenue collection to the sharp increase in collection of value added tax (VAT), customs duty, income tax, excise duty &nbsp;among others.</p>

<p>The government collected VAT worth Rs 146.44 billion, which is 27.8 percent of total revenue collected by the government in the first 11 months of the last FY. Last year&rsquo;s VAT collection was also up by 34.5 percent compared to the previous year.</p>

<p>Within the period, customs duty has increased by 45.7 percent, excise duty by 78.3 percent, vehicle tax by 25.9 percent and registration fee by 76.8 percent. Collection of other tax has dropped by overall 26.7 percent. The other tax category includes road construction and repair tax as well as business registration fee.</p>

<p>During the review period, customs duty contributed 19.4 percent to the overall revenue collection while the contribution of income tax was 22.7 percent.</p>

<p>The government&rsquo;s expenditure as compared to its resource mobilization has remained minimal due to which the government&rsquo;s cash reserve has reached Rs 269.07 billion.</p>

<p>During the review period, the total government expenditure in terms of cash flow had increased by 43 percent to Rs 555.10 billion. The government expenditure in the corresponding period of the previous FY was 388.31 billion.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6063',
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			'article_date' => '2017-07-24 00:00:00',
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		'Article' => array(
			'id' => '6279',
			'article_category_id' => '1',
			'title' => 'Composite Fiber Cylinders in the Market',
			'sub_title' => 'Composite cylinders melt but do not blast during fire',
			'summary' => 'Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. ',
			'content' => '<p>July 23: Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. The government has a policy of promoting composite fiber cylinders after incidents of iron cylinders bursting were reported frequently.</p>

<p>The government has given permission to the private sector to import such cylinder after evaluating their standard. Birgunj-based Karmam Bhagyam Company Pvt Ltd has imported composite fiver cylinders in the Nepali market from India.</p>

<p>According to the company&rsquo;s Managing Director Kishori Lal Tiwadewal, at present they have introduced 14.5 kg cylinder in the market. The company is planning to bring cylinders that can adjust 5 to 19 kg of LPG.</p>

<p>&nbsp;&nbsp;Tiwadewal claimed that the cylinders pose very little risk of bursting as they are made up of fiber glass wrapped in plastic.</p>

<p>&ldquo;Just in case fire breaks out, this cylinder will melt down but will not blast,&rdquo; said Tiwadewal.</p>

<p>Fiber cylinders are transparent and the consumers can see the amount of gas left in the cylinders. The importers argue that the consumers cannot be cheated because of this feature of the cylinder.</p>

<p>The weight of composite cylinders is half the weight of iron cylinders because of which it is easy to transport them to rural areas, informed Tiwadewal.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6062',
			'image' => '20170724012810_new.jpg',
			'article_date' => '2017-07-24 00:00:00',
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		'Article' => array(
			'id' => '6278',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Exploring New Trend in Student Travel',
			'sub_title' => '',
			'summary' => 'Ullens School is taking its students to the Unites States of America for educational tour.',
			'content' => '<p>July 24: Ullens School is taking its students to the Unites States of America for educational tour. Forty-two high school students from Ullens School are visiting the US from July 21 to August 4 via Qatar Airways, states a press release issued by Qatar&rsquo;s flag carrier.</p>

<p>&nbsp;The students will tour places like New York, Orlando, Miami, Washington DC.</p>

<p>Ullens School said in the statement that it is delighted to take part in this tour with Qatar Airways &lsquo;for we want our students to have a memorable in-flight experience while they are on the journey to learn and explore places having valuable learning importance&rsquo;.</p>

<p>&ldquo;The purpose of this tour is to help our students learn about the Rocket Space Program at NASA, travel to places and understand the American culture. They will be visiting NASA Kennedy Space Center, Smithsonian Museum of Natural History, United Nations Headquarters, Wall Street, Madame Tussauds Wax Museum to name a few,&rdquo; reads the press statement.</p>

<p>Qatar Airways informed that it flies daily to 10 cities in the USA including New York , Atlanta , Washington DC , Boston , Chicago, Houston , Dallas, Miami, Los Angeles and Philadelphia.</p>

<p>&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '6061',
			'image' => '20170724120034_ULLENS - annual international tour program.jpg',
			'article_date' => '2017-07-24 00:00:00',
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '6292',
			'article_category_id' => '1',
			'title' => 'Election Code of Conduct Hampers Development Projects',
			'sub_title' => '',
			'summary' => ' Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.',
			'content' => '<p>July 25: Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.</p>

<p>Ministry of Physical Infrastructure and Transport got the largest share of budget for the fiscal year 2017/18. However, some major projects under the ministry have become uncertain due to the government&rsquo;s decision to hold the local level polls in phase-wise manner.</p>

<p>Three of the projects identified by the ministry have been hit by the election deferral, which was initially announced for May 14.</p>

<p>The projects suffered setbacks as the election code of conduct was in place when the budget was announced.</p>

<p>The constitution had set the deadline of May 29 as the date for budget announcement while the opposition parties were demanding the government not bring any programmes that could possibly influence the election results.</p>

<p>The new projects and programmes were announced as per the understanding reached between the political parties amid this backdrop. As a result, the projects prepared by the ministry had to be dropped while announcing the budget.</p>

<p>Since the local elections held after 20 years couldn&rsquo;t take place in one phase on May 14, the projects suffered setbacks as the date of budget announcement clashed with the election date.</p>

<p>Despite having adequate budget, various projects couldn&rsquo;t get approval due to political instability.</p>

<p>Under-secretary at the Ministry of Physical Infrastructure and Transport Rajendra Raj Sharma said that the ministry had given priority to study the feasibility of new roads, tunnels and flyovers in Kathmandu Valley. The ministry was interested in 40 kilometers road parallel to the Prithvi Highway on the other side of Trishuli River while it was planning to study the feasibility of four tunnels and flyovers in Kathmandu. However, the projects had to be dropped as the election code of conduct was in place during budget announcement.</p>

<p>However, the ministry is hopeful that the projects can get back on track if the government announces supplementary budget.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6075',
			'image' => null,
			'article_date' => '2017-07-25 00:00:00',
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		'Article' => array(
			'id' => '6291',
			'article_category_id' => '1',
			'title' => 'NRB bars Elected Representatives from BFI Board',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. ',
			'content' => '<p>July 25: Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. According to the circular, anyone elected in any of the three tiers of elections, namely local, provincial and federal, cannot remain in the board of BFIs.</p>

<p>The Banks and Financial Institutions Act (BAFIA) passed by the parliament last year has provisions to bar lawmakers from being a member of the board of directors of BFIs. As per the rules, many lawmakers involved with BFIs have already given up their banking roles.</p>

<p>NRB has claimed that it introduced the new regulation fearing that the elected representatives as board members of BFIs could weaken good governance.</p>

<p>The central bank said it issued the circular effective from July 24.</p>

<p>NRB&rsquo;s spokesperson Narayan Prasad Poudel informed that the central bank took such decision after finding that some of the elected representatives were also members of board of directors of BFIs.</p>

<p>&ldquo;We found some elected representatives involved in BFIs. Such dual role would weaken good governance so we decided to issue the circular,&rdquo; said Poudel.</p>

<p>Former governor of NRB Dipendra Bahadur Chhetri backed the move saying that the central bank took the right decision.</p>

<p>According to Chhetri, the elected representatives should not be allowed to hold any major post in BFIs as they are the ones responsible to deliver justice, make political decisions as well as monitor various issues at the local level.</p>

<p>&ldquo;They have the quasi-judicial powers of the executive, legislative and judicial bodies so they can influence the decisions of BFIs. Therefore they should be excluded from the board of BFIs,&rdquo; said Chhetri.</p>

<p>NRB informed that the circular was issued as per Clause 79 of the Nepal Rastra Bank Act, 2058.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6074',
			'image' => null,
			'article_date' => '2017-07-25 00:00:00',
			'homepage' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '6290',
			'article_category_id' => '1',
			'title' => 'Supreme Court Unveils new Guideline',
			'sub_title' => '',
			'summary' => ' The Supreme Court’s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).',
			'content' => '<p style="margin-left:5.0pt">July 24: The Supreme Court&rsquo;s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).</p>

<p style="margin-left:5.0pt">A press statement issued by JICA states that the Supreme Court&rsquo;s Chief Registrar Nahakul Subedi unveiled the guideline on July 23 at the Supreme Court office amidst a program and mentioned that &ldquo;the drafting of the Case Management Guidelines is instrumental for strengthening the judicial system in Nepal&rdquo;.</p>

<p style="margin-left:5.0pt">&ldquo;The Case Management Guideline and has now come into effect in all the 75 districts. The Guideline will help to understand the court procedure especially for judges, court officials and lawyers,&rdquo; reads the press statement.</p>

<p style="margin-left:5.0pt">The guideline was prepared with technical assistance of JICA under <strong>&ldquo;The Project for Strengthening the Capacity of Court for Expeditious and Reliable Dispute Settlement&rdquo; </strong>from September 2013 to March 2018. The project&rsquo;s objective is to establish the foundation to improve the court&rsquo;s function for promoting expeditious and reliable dispute settlement, according to JICA.</p>

<p>Jun Sakuma, chief representative of JICA Nepal, during the occasion reaffirmed JICA&rsquo;s continuous support to the Supreme Court for establishing harmonious society in Nepal by ensuring access to justice for all public.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6073',
			'image' => '20170725121726_jica.jpg',
			'article_date' => '2017-07-25 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '6289',
			'article_category_id' => '1',
			'title' => 'Best Consumer Digital Award to Standard Chartered',
			'sub_title' => '',
			'summary' => ' Standard Chartered Bank has been awarded with the World’s Best Consumer Digital Bank Award-2017.',
			'content' => '<p>July 24: Standard Chartered Bank has been awarded with the World&rsquo;s Best Consumer Digital Bank Award-2017. Global Finance Magazine&rsquo;s Best Consumer Digital Bank Award is won by Standard Chartered under the Asia Pacific category, reads a statement issued by the bank.</p>

<p>Winner of the award was announced on July 21. This is the third consecutive time Standard Chartered has won this award. The bank has also been awarded with Nepal&rsquo;s Best Bank-2017 this month.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6072',
			'image' => '20170724033508_Standard-Chartered-Bank-LOGO.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 4 => array(
		'Article' => array(
			'id' => '6288',
			'article_category_id' => '1',
			'title' => 'NMB Bank opens NMB Academy',
			'sub_title' => '',
			'summary' => 'NMB Bank has established its internal training center, NMB Academy.',
			'content' => '<p>July 24: NMB Bank has established its internal training center, NMB Academy. The main objective for its establishment is to provide best training environment to its staff and make them able to tackle every challenging situation, says the bank. CEO Sunil KC inaugurated the academy amid a program held on July 23.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6071',
			'image' => '20170724033148_NMB.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 5 => array(
		'Article' => array(
			'id' => '6287',
			'article_category_id' => '1',
			'title' => 'NIBL Capital as Issue Manager of Om',
			'sub_title' => '',
			'summary' => 'NIBL Capital has been appointed as the issue manager of Om Development Bank. ',
			'content' => '<p>July 24: NIBL Capital has been appointed as the issue manager of Om Development Bank. NIBL has been appointed for the issuance of rights shares of the bank.&nbsp;</p>

<p>CEO Bishwo Mohan Adhikari of Om Development Bank and General Manager Mekh Bahadur Thapa of NIBL Capital signed an agreement in this regard. NIBL Capital will be responsible for the entire activity related to issuance of 10:3 ratios of right shares of Om.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6070',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '6286',
			'article_category_id' => '1',
			'title' => 'First Microfinance receives ICAN award',
			'sub_title' => '',
			'summary' => 'First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).',
			'content' => '<p>July 24: First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).</p>

<p>Finance Minister Gyanendra Bahadur Karki handed the award to CEO Bhesraj Panthi of the bank amid a program organized by ICAN.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6069',
			'image' => '20170724032820_first micro.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '6285',
			'article_category_id' => '1',
			'title' => 'Agrawal Appointed Honorary Consul of Guinea',
			'sub_title' => '',
			'summary' => 'Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.',
			'content' => '<p>July 24: Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.</p>

<p>Agrawal said he will contribute in improving the people-to-people relation as well as economic status of both the countries. He will take initiative to promote Nepali products in Guinea and try to attract tourist to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6068',
			'image' => '20170724032622_gini.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6284',
			'article_category_id' => '1',
			'title' => 'Lincoln Holds Convocation Ceremony',
			'sub_title' => '',
			'summary' => 'Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. ',
			'content' => '<p>July 24: Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. The university granted degrees to 119 graduates of MBA and BBA courses. Phoenix College of Management was the first college in Nepal to get affiliation from Malaysia-based Lincoln University, established in 2002. Currently, total of 12 colleges from Kathmandu, Lalitpur, Birtamod, Biratnagar, Butwal and Pokhara are affiliated to Lincoln University.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6067',
			'image' => '20170724032257_lincoln.jpg',
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		'Article' => array(
			'id' => '6283',
			'article_category_id' => '1',
			'title' => 'LIC Provides Insurance Amount',
			'sub_title' => '',
			'summary' => 'LIC Nepal has provided insurance amount as the beneficiary of a policy holder.',
			'content' => '<p>July 24: LIC Nepal has provided insurance amount as the beneficiary of a policy holder. The family of late Bimit Raj Kumar Shrestha of Birendranagar-6 received the insurance amount from the company. The family received Rs 177,100 from the company for a policy worth Rs 100,000 bought by late Shrestha. LIC&rsquo;s Surkhet Branch Manager Suraj Pratap Shah handed the insurance amount to Shrestha&rsquo;s wife Aasha Shrestha.&nbsp;</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6066',
			'image' => '20170724031931_lic.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6282',
			'article_category_id' => '1',
			'title' => 'FNCCI Starts Working as per the New Federal Structure',
			'sub_title' => '',
			'summary' => 'Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. ',
			'content' => '<p>July 24: Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. FNCCI made such announcement during a meeting organized to review the new executive body&rsquo;s 100 days in office on July 23.</p>

<p>FNCCI claimed that is has made various reforms in 100 days in office and assured to make the federation more effective in the days to come.</p>

<p>The new executive body elected by the general assembly of FNCCI on April 11 said it has been working for the institutional development of FNCCI as well as for administrative reforms, policy reforms and to expand the financial, political and diplomatic networks.</p>

<p>Speaking on the occasion, FNCCI President Bhavani Rana said that the newly elected body has been working hand-in-hand with the government with a professional approach for the development of industries within the country.</p>

<p>FNCCI also announced that it will organize Nepal-India Investment Seminar in September in Kathmandu in coordination with Confederation of Indian Industry (CII). FNCCI President Rana also informed about their plans of establishing a unit for promoting Nepal-India investment and business with the help of Indian Embassy. Likewise, cross-border trade and tourism expo in collaboration with the government of West Bengal is also in the cards, informed Rana.</p>

<p>FNCCI introduces hotline service</p>

<p>FNCCI has started a 24-hour hotline service to address the grievances of entrepreneurs from across the country. President Bhavani Rana inaugurated the hotline service during the same function. Businessmen from all over the country can dial FNCCI&rsquo;s toll-free number 16600100018 to express their problems as well as to get any information.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6065',
			'image' => '20170724031206_fncci.jpg',
			'article_date' => '2017-07-24 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '6281',
			'article_category_id' => '1',
			'title' => 'Government-Issued Cheques to Freeze after Aug 14',
			'sub_title' => '',
			'summary' => 'Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. ',
			'content' => '<p>July 24: Financial Comptroller General&rsquo;s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. The cheques issued by the government offices till the final day of the last fiscal year 2016/17 will be valid only up to one month of their issuance.</p>

<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>

<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>

<p>&ldquo;It is difficult to clear the amount at the last minute so everyone should be aware of this fact,&rdquo; said Nepal.</p>

<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>

<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. &nbsp;The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>

<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6064',
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			'article_date' => '2017-07-24 00:00:00',
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		'Article' => array(
			'id' => '6280',
			'article_category_id' => '1',
			'title' => 'Revenue Collection up by 33 Percent to Rs 500 billion',
			'sub_title' => '',
			'summary' => 'The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. ',
			'content' => '<p>July 24: The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. The amount is 33.1 percent more than the revenue collection in the corresponding period of the previous fiscal year. In the first 11 months of the FY 2015/16, the government had collected revenue of Rs 396.02 billion.</p>

<p>A report entitled &lsquo;Economic and financial status of the country&rsquo; published by Nepal Rastra Bank attributes the rise in revenue collection to the sharp increase in collection of value added tax (VAT), customs duty, income tax, excise duty &nbsp;among others.</p>

<p>The government collected VAT worth Rs 146.44 billion, which is 27.8 percent of total revenue collected by the government in the first 11 months of the last FY. Last year&rsquo;s VAT collection was also up by 34.5 percent compared to the previous year.</p>

<p>Within the period, customs duty has increased by 45.7 percent, excise duty by 78.3 percent, vehicle tax by 25.9 percent and registration fee by 76.8 percent. Collection of other tax has dropped by overall 26.7 percent. The other tax category includes road construction and repair tax as well as business registration fee.</p>

<p>During the review period, customs duty contributed 19.4 percent to the overall revenue collection while the contribution of income tax was 22.7 percent.</p>

<p>The government&rsquo;s expenditure as compared to its resource mobilization has remained minimal due to which the government&rsquo;s cash reserve has reached Rs 269.07 billion.</p>

<p>During the review period, the total government expenditure in terms of cash flow had increased by 43 percent to Rs 555.10 billion. The government expenditure in the corresponding period of the previous FY was 388.31 billion.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6063',
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		'Article' => array(
			'id' => '6279',
			'article_category_id' => '1',
			'title' => 'Composite Fiber Cylinders in the Market',
			'sub_title' => 'Composite cylinders melt but do not blast during fire',
			'summary' => 'Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. ',
			'content' => '<p>July 23: Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. The government has a policy of promoting composite fiber cylinders after incidents of iron cylinders bursting were reported frequently.</p>

<p>The government has given permission to the private sector to import such cylinder after evaluating their standard. Birgunj-based Karmam Bhagyam Company Pvt Ltd has imported composite fiver cylinders in the Nepali market from India.</p>

<p>According to the company&rsquo;s Managing Director Kishori Lal Tiwadewal, at present they have introduced 14.5 kg cylinder in the market. The company is planning to bring cylinders that can adjust 5 to 19 kg of LPG.</p>

<p>&nbsp;&nbsp;Tiwadewal claimed that the cylinders pose very little risk of bursting as they are made up of fiber glass wrapped in plastic.</p>

<p>&ldquo;Just in case fire breaks out, this cylinder will melt down but will not blast,&rdquo; said Tiwadewal.</p>

<p>Fiber cylinders are transparent and the consumers can see the amount of gas left in the cylinders. The importers argue that the consumers cannot be cheated because of this feature of the cylinder.</p>

<p>The weight of composite cylinders is half the weight of iron cylinders because of which it is easy to transport them to rural areas, informed Tiwadewal.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6062',
			'image' => '20170724012810_new.jpg',
			'article_date' => '2017-07-24 00:00:00',
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		'Article' => array(
			'id' => '6278',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Exploring New Trend in Student Travel',
			'sub_title' => '',
			'summary' => 'Ullens School is taking its students to the Unites States of America for educational tour.',
			'content' => '<p>July 24: Ullens School is taking its students to the Unites States of America for educational tour. Forty-two high school students from Ullens School are visiting the US from July 21 to August 4 via Qatar Airways, states a press release issued by Qatar&rsquo;s flag carrier.</p>

<p>&nbsp;The students will tour places like New York, Orlando, Miami, Washington DC.</p>

<p>Ullens School said in the statement that it is delighted to take part in this tour with Qatar Airways &lsquo;for we want our students to have a memorable in-flight experience while they are on the journey to learn and explore places having valuable learning importance&rsquo;.</p>

<p>&ldquo;The purpose of this tour is to help our students learn about the Rocket Space Program at NASA, travel to places and understand the American culture. They will be visiting NASA Kennedy Space Center, Smithsonian Museum of Natural History, United Nations Headquarters, Wall Street, Madame Tussauds Wax Museum to name a few,&rdquo; reads the press statement.</p>

<p>Qatar Airways informed that it flies daily to 10 cities in the USA including New York , Atlanta , Washington DC , Boston , Chicago, Houston , Dallas, Miami, Los Angeles and Philadelphia.</p>

<p>&nbsp;</p>
',
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			'sortorder' => '6061',
			'image' => '20170724120034_ULLENS - annual international tour program.jpg',
			'article_date' => '2017-07-24 00:00:00',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
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$articles = array(
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		'Article' => array(
			'id' => '6292',
			'article_category_id' => '1',
			'title' => 'Election Code of Conduct Hampers Development Projects',
			'sub_title' => '',
			'summary' => ' Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.',
			'content' => '<p>July 25: Election process this year has severely affected many development projects as the election code of conduct was in place while the government announced budget.</p>

<p>Ministry of Physical Infrastructure and Transport got the largest share of budget for the fiscal year 2017/18. However, some major projects under the ministry have become uncertain due to the government&rsquo;s decision to hold the local level polls in phase-wise manner.</p>

<p>Three of the projects identified by the ministry have been hit by the election deferral, which was initially announced for May 14.</p>

<p>The projects suffered setbacks as the election code of conduct was in place when the budget was announced.</p>

<p>The constitution had set the deadline of May 29 as the date for budget announcement while the opposition parties were demanding the government not bring any programmes that could possibly influence the election results.</p>

<p>The new projects and programmes were announced as per the understanding reached between the political parties amid this backdrop. As a result, the projects prepared by the ministry had to be dropped while announcing the budget.</p>

<p>Since the local elections held after 20 years couldn&rsquo;t take place in one phase on May 14, the projects suffered setbacks as the date of budget announcement clashed with the election date.</p>

<p>Despite having adequate budget, various projects couldn&rsquo;t get approval due to political instability.</p>

<p>Under-secretary at the Ministry of Physical Infrastructure and Transport Rajendra Raj Sharma said that the ministry had given priority to study the feasibility of new roads, tunnels and flyovers in Kathmandu Valley. The ministry was interested in 40 kilometers road parallel to the Prithvi Highway on the other side of Trishuli River while it was planning to study the feasibility of four tunnels and flyovers in Kathmandu. However, the projects had to be dropped as the election code of conduct was in place during budget announcement.</p>

<p>However, the ministry is hopeful that the projects can get back on track if the government announces supplementary budget.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6075',
			'image' => null,
			'article_date' => '2017-07-25 00:00:00',
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		'Article' => array(
			'id' => '6291',
			'article_category_id' => '1',
			'title' => 'NRB bars Elected Representatives from BFI Board',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. ',
			'content' => '<p>July 25: Nepal Rastra Bank has issued a circular stating that elected representatives cannot operate banks and financial institutions (BFIs) as long as they remain in public office. According to the circular, anyone elected in any of the three tiers of elections, namely local, provincial and federal, cannot remain in the board of BFIs.</p>

<p>The Banks and Financial Institutions Act (BAFIA) passed by the parliament last year has provisions to bar lawmakers from being a member of the board of directors of BFIs. As per the rules, many lawmakers involved with BFIs have already given up their banking roles.</p>

<p>NRB has claimed that it introduced the new regulation fearing that the elected representatives as board members of BFIs could weaken good governance.</p>

<p>The central bank said it issued the circular effective from July 24.</p>

<p>NRB&rsquo;s spokesperson Narayan Prasad Poudel informed that the central bank took such decision after finding that some of the elected representatives were also members of board of directors of BFIs.</p>

<p>&ldquo;We found some elected representatives involved in BFIs. Such dual role would weaken good governance so we decided to issue the circular,&rdquo; said Poudel.</p>

<p>Former governor of NRB Dipendra Bahadur Chhetri backed the move saying that the central bank took the right decision.</p>

<p>According to Chhetri, the elected representatives should not be allowed to hold any major post in BFIs as they are the ones responsible to deliver justice, make political decisions as well as monitor various issues at the local level.</p>

<p>&ldquo;They have the quasi-judicial powers of the executive, legislative and judicial bodies so they can influence the decisions of BFIs. Therefore they should be excluded from the board of BFIs,&rdquo; said Chhetri.</p>

<p>NRB informed that the circular was issued as per Clause 79 of the Nepal Rastra Bank Act, 2058.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6074',
			'image' => null,
			'article_date' => '2017-07-25 00:00:00',
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	(int) 2 => array(
		'Article' => array(
			'id' => '6290',
			'article_category_id' => '1',
			'title' => 'Supreme Court Unveils new Guideline',
			'sub_title' => '',
			'summary' => ' The Supreme Court’s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).',
			'content' => '<p style="margin-left:5.0pt">July 24: The Supreme Court&rsquo;s full bench has approved the Case Management Guideline prepared by the apex court with the support from Japan International Cooperation Agency (JICA).</p>

<p style="margin-left:5.0pt">A press statement issued by JICA states that the Supreme Court&rsquo;s Chief Registrar Nahakul Subedi unveiled the guideline on July 23 at the Supreme Court office amidst a program and mentioned that &ldquo;the drafting of the Case Management Guidelines is instrumental for strengthening the judicial system in Nepal&rdquo;.</p>

<p style="margin-left:5.0pt">&ldquo;The Case Management Guideline and has now come into effect in all the 75 districts. The Guideline will help to understand the court procedure especially for judges, court officials and lawyers,&rdquo; reads the press statement.</p>

<p style="margin-left:5.0pt">The guideline was prepared with technical assistance of JICA under <strong>&ldquo;The Project for Strengthening the Capacity of Court for Expeditious and Reliable Dispute Settlement&rdquo; </strong>from September 2013 to March 2018. The project&rsquo;s objective is to establish the foundation to improve the court&rsquo;s function for promoting expeditious and reliable dispute settlement, according to JICA.</p>

<p>Jun Sakuma, chief representative of JICA Nepal, during the occasion reaffirmed JICA&rsquo;s continuous support to the Supreme Court for establishing harmonious society in Nepal by ensuring access to justice for all public.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-25',
			'modified' => '2017-07-25',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6073',
			'image' => '20170725121726_jica.jpg',
			'article_date' => '2017-07-25 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6289',
			'article_category_id' => '1',
			'title' => 'Best Consumer Digital Award to Standard Chartered',
			'sub_title' => '',
			'summary' => ' Standard Chartered Bank has been awarded with the World’s Best Consumer Digital Bank Award-2017.',
			'content' => '<p>July 24: Standard Chartered Bank has been awarded with the World&rsquo;s Best Consumer Digital Bank Award-2017. Global Finance Magazine&rsquo;s Best Consumer Digital Bank Award is won by Standard Chartered under the Asia Pacific category, reads a statement issued by the bank.</p>

<p>Winner of the award was announced on July 21. This is the third consecutive time Standard Chartered has won this award. The bank has also been awarded with Nepal&rsquo;s Best Bank-2017 this month.</p>
',
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			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6072',
			'image' => '20170724033508_Standard-Chartered-Bank-LOGO.jpg',
			'article_date' => '2017-07-24 00:00:00',
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			'id' => '6288',
			'article_category_id' => '1',
			'title' => 'NMB Bank opens NMB Academy',
			'sub_title' => '',
			'summary' => 'NMB Bank has established its internal training center, NMB Academy.',
			'content' => '<p>July 24: NMB Bank has established its internal training center, NMB Academy. The main objective for its establishment is to provide best training environment to its staff and make them able to tackle every challenging situation, says the bank. CEO Sunil KC inaugurated the academy amid a program held on July 23.</p>
',
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			'sortorder' => '6071',
			'image' => '20170724033148_NMB.jpg',
			'article_date' => '2017-07-24 00:00:00',
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			'id' => '6287',
			'article_category_id' => '1',
			'title' => 'NIBL Capital as Issue Manager of Om',
			'sub_title' => '',
			'summary' => 'NIBL Capital has been appointed as the issue manager of Om Development Bank. ',
			'content' => '<p>July 24: NIBL Capital has been appointed as the issue manager of Om Development Bank. NIBL has been appointed for the issuance of rights shares of the bank.&nbsp;</p>

<p>CEO Bishwo Mohan Adhikari of Om Development Bank and General Manager Mekh Bahadur Thapa of NIBL Capital signed an agreement in this regard. NIBL Capital will be responsible for the entire activity related to issuance of 10:3 ratios of right shares of Om.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6070',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6286',
			'article_category_id' => '1',
			'title' => 'First Microfinance receives ICAN award',
			'sub_title' => '',
			'summary' => 'First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).',
			'content' => '<p>July 24: First Microfinance Development Bank has been declared the first runner-up of the Best Presented Annual Report Award-2016 distributed by the Institute of Chartered Accountants of Nepal (ICAN).</p>

<p>Finance Minister Gyanendra Bahadur Karki handed the award to CEO Bhesraj Panthi of the bank amid a program organized by ICAN.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6069',
			'image' => '20170724032820_first micro.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6285',
			'article_category_id' => '1',
			'title' => 'Agrawal Appointed Honorary Consul of Guinea',
			'sub_title' => '',
			'summary' => 'Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.',
			'content' => '<p>July 24: Ashok Kumar Agrawal, managing director of Vishal Group, has been appointed as the honorary consul by the government of Guinea Republic, Western Africa.</p>

<p>Agrawal said he will contribute in improving the people-to-people relation as well as economic status of both the countries. He will take initiative to promote Nepali products in Guinea and try to attract tourist to Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6068',
			'image' => '20170724032622_gini.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6284',
			'article_category_id' => '1',
			'title' => 'Lincoln Holds Convocation Ceremony',
			'sub_title' => '',
			'summary' => 'Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. ',
			'content' => '<p>July 24: Lincoln University College has successfully organized its first convocation ceremony in Nepal on July 22. The university granted degrees to 119 graduates of MBA and BBA courses. Phoenix College of Management was the first college in Nepal to get affiliation from Malaysia-based Lincoln University, established in 2002. Currently, total of 12 colleges from Kathmandu, Lalitpur, Birtamod, Biratnagar, Butwal and Pokhara are affiliated to Lincoln University.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6067',
			'image' => '20170724032257_lincoln.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6283',
			'article_category_id' => '1',
			'title' => 'LIC Provides Insurance Amount',
			'sub_title' => '',
			'summary' => 'LIC Nepal has provided insurance amount as the beneficiary of a policy holder.',
			'content' => '<p>July 24: LIC Nepal has provided insurance amount as the beneficiary of a policy holder. The family of late Bimit Raj Kumar Shrestha of Birendranagar-6 received the insurance amount from the company. The family received Rs 177,100 from the company for a policy worth Rs 100,000 bought by late Shrestha. LIC&rsquo;s Surkhet Branch Manager Suraj Pratap Shah handed the insurance amount to Shrestha&rsquo;s wife Aasha Shrestha.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6066',
			'image' => '20170724031931_lic.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6282',
			'article_category_id' => '1',
			'title' => 'FNCCI Starts Working as per the New Federal Structure',
			'sub_title' => '',
			'summary' => 'Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. ',
			'content' => '<p>July 24: Federation of Nepalese Chamber of Commerce and Industries (FNCCI) announced that is has already adopted a new working style to suit the provincial structure in the new federal set-up. FNCCI made such announcement during a meeting organized to review the new executive body&rsquo;s 100 days in office on July 23.</p>

<p>FNCCI claimed that is has made various reforms in 100 days in office and assured to make the federation more effective in the days to come.</p>

<p>The new executive body elected by the general assembly of FNCCI on April 11 said it has been working for the institutional development of FNCCI as well as for administrative reforms, policy reforms and to expand the financial, political and diplomatic networks.</p>

<p>Speaking on the occasion, FNCCI President Bhavani Rana said that the newly elected body has been working hand-in-hand with the government with a professional approach for the development of industries within the country.</p>

<p>FNCCI also announced that it will organize Nepal-India Investment Seminar in September in Kathmandu in coordination with Confederation of Indian Industry (CII). FNCCI President Rana also informed about their plans of establishing a unit for promoting Nepal-India investment and business with the help of Indian Embassy. Likewise, cross-border trade and tourism expo in collaboration with the government of West Bengal is also in the cards, informed Rana.</p>

<p>FNCCI introduces hotline service</p>

<p>FNCCI has started a 24-hour hotline service to address the grievances of entrepreneurs from across the country. President Bhavani Rana inaugurated the hotline service during the same function. Businessmen from all over the country can dial FNCCI&rsquo;s toll-free number 16600100018 to express their problems as well as to get any information.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6065',
			'image' => '20170724031206_fncci.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6281',
			'article_category_id' => '1',
			'title' => 'Government-Issued Cheques to Freeze after Aug 14',
			'sub_title' => '',
			'summary' => 'Financial Comptroller General’s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. ',
			'content' => '<p>July 24: Financial Comptroller General&rsquo;s Office (FCGO) has decided to freeze the amount of cheques issued by the government if they are not deposited in banks within August 14. The cheques issued by the government offices till the final day of the last fiscal year 2016/17 will be valid only up to one month of their issuance.</p>

<p>According to the FCGO, the government was liable to pay Rs 102 billion for issuing cheques as of July 20 but the outstanding amount dropped significantly to Rs 47 billion by July 23 as lots of cheques got cleared.</p>

<p>Financial Comptroller General Rajendra Prasad Nepal said that there is provision to clear the cheques only up to one month of their issuance but the concerned stakeholders turn up to draw the amount whenever they like.</p>

<p>&ldquo;It is difficult to clear the amount at the last minute so everyone should be aware of this fact,&rdquo; said Nepal.</p>

<p>FCGO had opted for e-payment trial from Singha Durbar but the concerned officials said it would take some time before the system comes into practice since it needs to be approved by commercial banks and Nepal Clearing House.</p>

<p>FCGO has also prepared a draft on financial working procedure act for local, provincial and federal structure of the country. &nbsp;The government body said it proposed such act to streamline the financial activities in the new federal set-up.</p>

<p>Financial Comptroller General Nepal said that the office has already deployed auditors to all 744 local units of the country.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6064',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6280',
			'article_category_id' => '1',
			'title' => 'Revenue Collection up by 33 Percent to Rs 500 billion',
			'sub_title' => '',
			'summary' => 'The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. ',
			'content' => '<p>July 24: The government of Nepal has collected revenue of Rs 527.14 billion in the first 11 months of the fiscal year 2016/17. The amount is 33.1 percent more than the revenue collection in the corresponding period of the previous fiscal year. In the first 11 months of the FY 2015/16, the government had collected revenue of Rs 396.02 billion.</p>

<p>A report entitled &lsquo;Economic and financial status of the country&rsquo; published by Nepal Rastra Bank attributes the rise in revenue collection to the sharp increase in collection of value added tax (VAT), customs duty, income tax, excise duty &nbsp;among others.</p>

<p>The government collected VAT worth Rs 146.44 billion, which is 27.8 percent of total revenue collected by the government in the first 11 months of the last FY. Last year&rsquo;s VAT collection was also up by 34.5 percent compared to the previous year.</p>

<p>Within the period, customs duty has increased by 45.7 percent, excise duty by 78.3 percent, vehicle tax by 25.9 percent and registration fee by 76.8 percent. Collection of other tax has dropped by overall 26.7 percent. The other tax category includes road construction and repair tax as well as business registration fee.</p>

<p>During the review period, customs duty contributed 19.4 percent to the overall revenue collection while the contribution of income tax was 22.7 percent.</p>

<p>The government&rsquo;s expenditure as compared to its resource mobilization has remained minimal due to which the government&rsquo;s cash reserve has reached Rs 269.07 billion.</p>

<p>During the review period, the total government expenditure in terms of cash flow had increased by 43 percent to Rs 555.10 billion. The government expenditure in the corresponding period of the previous FY was 388.31 billion.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6063',
			'image' => null,
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6279',
			'article_category_id' => '1',
			'title' => 'Composite Fiber Cylinders in the Market',
			'sub_title' => 'Composite cylinders melt but do not blast during fire',
			'summary' => 'Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. ',
			'content' => '<p>July 23: Nepali entrepreneurs have started importing liquefied petroleum gas (LPG) cylinders made of composite fiber citing that the iron cylinders currently in use pose high risk. The government has a policy of promoting composite fiber cylinders after incidents of iron cylinders bursting were reported frequently.</p>

<p>The government has given permission to the private sector to import such cylinder after evaluating their standard. Birgunj-based Karmam Bhagyam Company Pvt Ltd has imported composite fiver cylinders in the Nepali market from India.</p>

<p>According to the company&rsquo;s Managing Director Kishori Lal Tiwadewal, at present they have introduced 14.5 kg cylinder in the market. The company is planning to bring cylinders that can adjust 5 to 19 kg of LPG.</p>

<p>&nbsp;&nbsp;Tiwadewal claimed that the cylinders pose very little risk of bursting as they are made up of fiber glass wrapped in plastic.</p>

<p>&ldquo;Just in case fire breaks out, this cylinder will melt down but will not blast,&rdquo; said Tiwadewal.</p>

<p>Fiber cylinders are transparent and the consumers can see the amount of gas left in the cylinders. The importers argue that the consumers cannot be cheated because of this feature of the cylinder.</p>

<p>The weight of composite cylinders is half the weight of iron cylinders because of which it is easy to transport them to rural areas, informed Tiwadewal.</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6062',
			'image' => '20170724012810_new.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6278',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Exploring New Trend in Student Travel',
			'sub_title' => '',
			'summary' => 'Ullens School is taking its students to the Unites States of America for educational tour.',
			'content' => '<p>July 24: Ullens School is taking its students to the Unites States of America for educational tour. Forty-two high school students from Ullens School are visiting the US from July 21 to August 4 via Qatar Airways, states a press release issued by Qatar&rsquo;s flag carrier.</p>

<p>&nbsp;The students will tour places like New York, Orlando, Miami, Washington DC.</p>

<p>Ullens School said in the statement that it is delighted to take part in this tour with Qatar Airways &lsquo;for we want our students to have a memorable in-flight experience while they are on the journey to learn and explore places having valuable learning importance&rsquo;.</p>

<p>&ldquo;The purpose of this tour is to help our students learn about the Rocket Space Program at NASA, travel to places and understand the American culture. They will be visiting NASA Kennedy Space Center, Smithsonian Museum of Natural History, United Nations Headquarters, Wall Street, Madame Tussauds Wax Museum to name a few,&rdquo; reads the press statement.</p>

<p>Qatar Airways informed that it flies daily to 10 cities in the USA including New York , Atlanta , Washington DC , Boston , Chicago, Houston , Dallas, Miami, Los Angeles and Philadelphia.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-24',
			'modified' => '2017-07-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6061',
			'image' => '20170724120034_ULLENS - annual international tour program.jpg',
			'article_date' => '2017-07-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117