Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



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			'id' => '6262',
			'article_category_id' => '1',
			'title' => '7 officials suspended for importing stolen vehicles',
			'sub_title' => '',
			'summary' => 'Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. ',
			'content' => '<p>July 21: Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. A secretary-level meeting of the Ministry of Physical Infrastructure and Transport took a decision to this effect.</p>

<p>Spokesperson at the Department of Transportation Management Dr Tokraj Pandey informed that the ministry has suspended acting chief of Mahakali Zonal Transportation Office Hemant Bahadur Singh.</p>

<p>Other employees involved in the scam are mechanical engineer Deepak Thapa along with Narendra Raj Joshi, Taradutta Bhatta, Mahadev Bhatta, Keshab Dutta Badu and Shyam Raj Ojha.</p>
',
			'published' => true,
			'created' => '2017-07-21',
			'modified' => '2017-07-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6045',
			'image' => null,
			'article_date' => '2017-07-21 00:00:00',
			'homepage' => false,
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			'id' => '6261',
			'article_category_id' => '1',
			'title' => 'NIC Asia Bank to Establish Micro-finance Company',
			'sub_title' => '',
			'summary' => 'NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. ',
			'content' => '<p>July 20: NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. The bank made such announcement during its 20<sup>th</sup> anniversary held at Hotel Annapurna on July 19.</p>

<p>The micro-finance company will be established with the objective of providing financial service even in rural areas of the Nepal.</p>

<p>CEO Laxman Risal claimed that NIC Asia Bank is the only bank in Nepal to get ISO certificate in 2001 and added that it recently got the best quality credit rating (ICRA NP-IR, A) from ICRA Nepal LTD.</p>

<p>On the occasion, the company also handed Rs 25,000 to Nepal Journalists Association as financial support as per its corporate social responsibility.</p>

<p>Operating with the tagline of &ldquo;Bank Pani Sathi Pani&rdquo;, the bank is providing financial service through 119 branches, four extension counters, 70 ATM outlets and around 4,000 remittance counters. The bank said it will continue to open new branches and counters with the aim to reach every geographical area of the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6044',
			'image' => '20170720015452_download (1).jpg',
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			'id' => '6260',
			'article_category_id' => '1',
			'title' => 'Butwal Power Receives Best Annual Report Award',
			'sub_title' => '',
			'summary' => 'Butwal Power Company has been awarded with the Best Annual Report-2016 award. ',
			'content' => '<p>July 20: Butwal Power Company has been awarded with the Best Annual Report-2016 award. Finance Minister Gyanendra Bahadur Karki handed the award to the company amid a program organized by Nepal Chartered Accountants Committee on July 17. The company has received this award for the 10<sup>th</sup> time.&nbsp;</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6043',
			'image' => '20170720015350_Butwal.jpg',
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			'id' => '6259',
			'article_category_id' => '1',
			'title' => 'Turkish Airlines flies to Phuket',
			'sub_title' => '',
			'summary' => 'Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. ',
			'content' => '<p>July 20: Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. The company has offered four flights a week starting from July 17. Phuket is the 300<sup>th</sup> destination of Turkish Airlines. Istanbul-Phuket flights are available on Mondays, Thursdays, Saturdays and Sundays.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6042',
			'image' => '20170720014611_Turkey.jpg',
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			'homepage' => false,
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			'id' => '6258',
			'article_category_id' => '1',
			'title' => 'Apache Holds RTR’s movie time',
			'sub_title' => '',
			'summary' => ' Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers.',
			'content' => '<p>July 20: Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers. It provided opportunity for 150 customers to watch Hollywood movies at QFX cinema hall at Labim mall last week. The company informed it will continue such programs for customer satisfaction and loyalty.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6041',
			'image' => '20170720014328_apache.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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			'id' => '6257',
			'article_category_id' => '1',
			'title' => 'Two More ATMs of Jyoti',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur.',
			'content' => '<p>July 20: Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur. With the addition, the bank now operates through a total of 14 ATM outlets. &ldquo;The bank will continue to provide additional services in the coming days collaborating with the international company Visa,&rdquo; said Krishna Bahadur Kunwar, CEO of the bank.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6040',
			'image' => '20170720013917_jyoti.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6256',
			'article_category_id' => '1',
			'title' => 'Nepse Without General Manager Since Two Weeks',
			'sub_title' => '',
			'summary' => 'Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. ',
			'content' => '<p>July 20: Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. The post has remained vacant after Sitaram Thapalia retired upon completion&nbsp;of his four-year term on July 7.</p>

<p>The concerned board has not finalized anyone for the post as hordes of people are making rounds to the homes of influential leaders of Nepali Congress to grab the post, according to informed sources.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6039',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '6255',
			'article_category_id' => '1',
			'title' => 'NRB Shows Flexibility About the Deadline to Meet Paid-Up Capital Requirement',
			'sub_title' => '',
			'summary' => 'The deadline given by Nepal Rastra Bank (NRB)  to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. ',
			'content' => '<p>July 20: The deadline given by Nepal Rastra Bank (NRB) &nbsp;to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. &nbsp;However, the central bank has shown some flexibility regarding this issue.</p>

<p>Only five commercial banks have fulfilled the requirement of Rs 8 billion paid-up capital as of now. Four commercial banks made the announcement well ahead of the deadline. Those banks meeting the criteria set by the central bank within mid-June are Rastriya Banijya Bank, Agriculture Development Bank, Nepal Investment Bank and Global IME Bank. Another commercial bank, Nepal Bank Limited, fulfilled the requirement on the eve of the new fiscal year.</p>

<p>Other banks have pledged to fulfill the requirement by issuing rights shares and bonus shares while some banks have said they have been able to meet only half of the paid-up capital requirement.</p>

<p>Records maintained by NRB show that the commercial banks which have so far failed to meet the ceiling set by NRB have paid-up-capital between Rs 4 billion to Rs 6 billion.</p>

<p>Likewise, national level development banks also have not been able to meet the paid-up capital requirement of Rs 2.5 billion set by the central bank. The ceiling for district level development banks has been set at Rs 1.5 billion.</p>

<p>Of late, most of the banks have been busy in merger and acquisition to meet the paid-up capital while some have made commitment to meet the requirement by issuing rights shares and bonus shares.</p>

<p>Garima Bikas Bank, Kailash Bikash Bank and Lumbini Bikas Bank have almost met the paid-up capital requirement.</p>

<p>NRB has said that the banks which have already started the process of meeting the paid-up capital will not be punished until the final audit report is prepared.</p>

<p>NRB had issued a warning a few weeks ago that it would take action against banks and financial institutions (BFIs) if they fail to meet the paid-up capital requirement by mid-July.</p>

<p>NRB&rsquo;s Spokesperson Narayan Prasad Poudel had said the central bank would put a hold on cash dividends, bonus distribution, deposits, loan ceiling and opening of new branches of those BFIs which do not comply with its directives.</p>

<p>NRB had brought a new monetary policy two years ago under which all commercial banks were asked to increase the minimum paid-up capital from Rs 2 billion to Rs 8 billion by mid-July 2017.</p>

<p>However, Poudel has now softened his stance.</p>

<p>&ldquo;The BFIs Act 2073 has provision for final audit six months after the end of a fiscal year. We won&rsquo;t take action against BFIs until we get the final report,&rdquo; said poudel.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6038',
			'image' => '20170720011241_NRB.jpg',
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			'homepage' => false,
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			'id' => '6254',
			'article_category_id' => '1',
			'title' => 'AAN Announces Top 5 Finalists for 9th Crity Award',
			'sub_title' => '',
			'summary' => 'Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9th Crity Award.',
			'content' => '<p>July 20: Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9<sup>th</sup> Crity Award. Organizing a press conference on July 19, AAN unveiled the names of the top five finalists in each of the 26 categories for the annual awards ceremony that will be held in late August.</p>

<p>Speaking at the press conference, AAN President Santosh Shrestha informed that 252 advertisements from 27 advertising agencies in 26 categories have been nominated for the awards. AAN selected five advertisements from each category on the basis of the application AAN received. AAN has been organizing the function since 2060 BS.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6037',
			'image' => '20170720121714_aan.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '6253',
			'article_category_id' => '1',
			'title' => 'NCC Urges KMC to Withdraw Tax Hike ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. ',
			'content' => '<p>June 20: Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. NCC has urged the metropolitan authority to withdraw the price hike immediately.</p>

<p>NCC made such demand arguing that the KMC took such without consulting with the private sector.</p>

<p>NCC expressed its displeasure after the KMC imposed a sharp hike in local tax, registration fees and fines as per the Finance Act 2074.</p>

<p>&nbsp;&ldquo;The local authority took a unilateral decision to hike the price when the existing laws have clearly stated that it should include the private sector in the Revenue Advisory Committee while fixing the tax rate within its jurisdiction,&rdquo; states a press release issued by NCC o July 19.</p>

<p>The NCC statement further says that the hike in business tax imposed by the KMC will result in rise in inflation and the public will have to bear the burden in the end.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6036',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6252',
			'article_category_id' => '1',
			'title' => 'Budget Allocated for Flood Victims Frozen',
			'sub_title' => '',
			'summary' => ' More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn’t distribute the amount on time.',
			'content' => '<p>July 20: More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn&rsquo;t distribute the amount on time. The government had allocated Rs 495 million for the flood victims of the two district in the last fiscal year but Rs 300 million remained unspent.</p>

<p>The amount was sent as relief for 1,652 victims of Banke and 3,579 victims of Bardiya. The amount was released after a long wait but the victims couldn&rsquo;t fully benefit from it as the government decided to distribute the relief amount in installments.</p>

<p>As per the government decision, 3,248 victims of Bardiya and 612 victims of Banke received the first installment worth Rs 50,000 per&nbsp; family, according to engineer Homnath Bhusal of the Urban Development and Building Division Office which distributed the amount.</p>

<p>The government had spent around Rs 193 million in the first installment.</p>

<p>Officials at the urban development office say that they failed to distribute the amount since the government released a large sum unexpectedly and they had trouble in facilitating banking process. They informed that the distribution was also partly affected by the elections.</p>

<p>The government had announced to provide Rs 350,000 to the victim families who did not own any land and Rs 300,000 to those families having land of their own.</p>

<p>More than 13,000 households had been displayed in the two districts due to floods in the Rapti river on August 14, 2014 caused by the Laxmanpur dam and Kalkala embankment built by India.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6035',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '6251',
			'article_category_id' => '1',
			'title' => 'Current Account Deficit Declines, BoP Surplus Rises',
			'sub_title' => '',
			'summary' => 'The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. ',
			'content' => '<p>July 19: The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. Nepal Rastra Bank (NRB) made such announcement on July 18 while unveiling a report on economic and financial status of Nepal in 11 months of FY 2016/17. In the corresponding period of the previous FY, the current account surplus of Nepal was Rs 130 billion. According to the report, sharp rise in import of goods resulted in the deficit last year.</p>

<p>During the review period, net services income registered a surplus. This has led to Rs 74.26 billion in surplus in the overall balance of payment (BoP) of the country. However, the BoP in the corresponding period of the previous year was Rs 171 billion in surplus.</p>

<p>The BoP remained in surplus during the last fiscal year due to capital transfer of Rs 12.23 billion and direct foreign investment of Rs 12.27 billion, according to NRB.</p>

<p>The current account was in deficit from the start of the last fiscal year but saw some improvement in the last three months. The current account deficit started gradually declining since mid-April. &nbsp;</p>

<p>According to NRB, the decline in current account deficit owes much to the income generated by the tourism industry. During that period, the income from tourism industry increased by 41.8 percent as compared to the previous year. The income from tourism sector was Rs 55.2 billion.</p>

<p>In the first 11 months of FY 2016/17, the export of goods increased by 10.4 percent for a total sale of Rs 68.62 billion. In the previous year, the export dropped by 20.1 percent.</p>

<p>Meanwhile, the total import increased by 30.9 percent in the review period for a total import of Rs 896.57 billion. Import had decreased by 0.9 percent in the corresponding period of the previous year.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6034',
			'image' => null,
			'article_date' => '2017-07-19 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' => '6250',
			'article_category_id' => '1',
			'title' => 'India Provides Rs 230.73mn Grant for Postal Highway',
			'sub_title' => '',
			'summary' => 'India has provided grant assistance for the construction of two road sections along the Postal Highway. ',
			'content' => '<p>July 19: India has provided grant assistance for the construction of two road sections along the Postal Highway. Indian Ambassador to Nepal Manjeev Singh Puri handed a cheque equivalent to Rs 230.73 million to Devendra Karki, secretary at the Ministry of Physical Planning and Infrastructure amidst a function in Singha Durbar on July 19.</p>

<p>&ldquo;The amount has been released as 25% of tendered cost (including 10% mobilization advance) of the two contracted road stretches namely Maisthan-Gaushalabazaar-Samsi Road and Birendrabazaar-Yadukuha-Mahinathpur Road being implemented under the Postal Highway Project in Nepal,&rdquo; reads a press statement issued by the Indian Embassy.</p>

<p>According to the Embassy of India, the government of India has pledged Rs 8,000 million for the construction of &nbsp;Postal Highway.</p>

<p>So far, the construction of two road sections of the Postal Highway including Dhangadhi-Bhajaniya-Satti road and Lamki-Tikapur-Khakraula road has been completed with the Indian government&rsquo;s grant assistance worth Rs 1,020 million, reads the statement. The construction works started on January 19 this year from Dhangadhi.</p>

<p>According to the press statement, the government of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various highways, roads, bridges, airports, etc as part of its multi-sectoral and multi-dimensional India-Nepal Economic&nbsp;Cooperation Programme since 1950.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6033',
			'image' => '20170719025005_Handing Over of Cheque197172.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6248',
			'article_category_id' => '1',
			'title' => 'AMCO Launches New Battery',
			'sub_title' => '',
			'summary' => ' Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market.',
			'content' => '<p>July 19: Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market. The company has also launched a website and mobile application to increase awareness about the new battery.</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6032',
			'image' => '20170719022839_amco.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6247',
			'article_category_id' => '1',
			'title' => 'Tourism in Pokhara Returning Back to Life Post-Earthquake',
			'sub_title' => '',
			'summary' => 'The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara.',
			'content' => '<p>July 19: The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara. Large number of Indian and Chinese tourists visiting Pokhara reached zero. With the tourism business in distress, hotel entrepreneurs in Pokhara started promotional campaigns to revive the business.</p>

<p>Hotel entrepreneurs formed Pokhara Tourism Revival Committee (PTRC), which was active in relief distribution and tourism promotion for one year post earthquake. The committee spread the message worldwide that Pokhara is now safe. Former chairman of Pokhara Tourism Council Ganesh Bahadur Bhattarai took such initiative to revive the industry.</p>

<p>The committee has been dissolved after meeting its objective but the private sector is still actively promoting tourism campaigns as before.</p>

<p>An umbrella organization constituting Pokhara Tourism Council, Western Region Hotel Entrepreneurs Association and NATTA Western Regional Chapter has been promoting tourism in neighbouring countries.</p>

<p>A team of the council reached Darjeeling, Sikim and Siliguri in India this year as well as in the previous year for the promotional activities. Similarly, a team of Western Region Hotel Entrepreneurs Association visited Bihar and different places of Uttar Prasad to launch the campaign.</p>

<p>Nepal Association of Tour and Travel Agents (NATTA) also headed off to Kolkata and Dhaka, Chatgaon and Cox&rsquo;s bazar of Bangladesh to promote Nepal&rsquo;s tourism, informed Dilli Prasad Gautam, chairman of NATTA. This campaign will contribute to increase the number of tourist, claims Gautam.</p>

<p>&ldquo;Chaliya Pokhara&rdquo; campaign initiated by Western Region Hotel Entrepreneurs Association has also successfully contributed in increasing the number of tourist in Nepal. NATTA has also promoted the campaign in Korea, Malaysia, Singapore, Mumbai and Goa.</p>

<p>Various committees related to tourism industry have participated in promoting the tourism development campaign. The campaign is being promoted not only in neighbouring countries but also at various places within Nepal. Due to the campaigns, the tourism industry of Pokhara is slowly returning back to life.</p>
',
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			'image' => '20170719022054_pokhara.jpg',
			'article_date' => '2017-07-19 00:00:00',
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6262',
			'article_category_id' => '1',
			'title' => '7 officials suspended for importing stolen vehicles',
			'sub_title' => '',
			'summary' => 'Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. ',
			'content' => '<p>July 21: Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. A secretary-level meeting of the Ministry of Physical Infrastructure and Transport took a decision to this effect.</p>

<p>Spokesperson at the Department of Transportation Management Dr Tokraj Pandey informed that the ministry has suspended acting chief of Mahakali Zonal Transportation Office Hemant Bahadur Singh.</p>

<p>Other employees involved in the scam are mechanical engineer Deepak Thapa along with Narendra Raj Joshi, Taradutta Bhatta, Mahadev Bhatta, Keshab Dutta Badu and Shyam Raj Ojha.</p>
',
			'published' => true,
			'created' => '2017-07-21',
			'modified' => '2017-07-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6045',
			'image' => null,
			'article_date' => '2017-07-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6261',
			'article_category_id' => '1',
			'title' => 'NIC Asia Bank to Establish Micro-finance Company',
			'sub_title' => '',
			'summary' => 'NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. ',
			'content' => '<p>July 20: NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. The bank made such announcement during its 20<sup>th</sup> anniversary held at Hotel Annapurna on July 19.</p>

<p>The micro-finance company will be established with the objective of providing financial service even in rural areas of the Nepal.</p>

<p>CEO Laxman Risal claimed that NIC Asia Bank is the only bank in Nepal to get ISO certificate in 2001 and added that it recently got the best quality credit rating (ICRA NP-IR, A) from ICRA Nepal LTD.</p>

<p>On the occasion, the company also handed Rs 25,000 to Nepal Journalists Association as financial support as per its corporate social responsibility.</p>

<p>Operating with the tagline of &ldquo;Bank Pani Sathi Pani&rdquo;, the bank is providing financial service through 119 branches, four extension counters, 70 ATM outlets and around 4,000 remittance counters. The bank said it will continue to open new branches and counters with the aim to reach every geographical area of the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6044',
			'image' => '20170720015452_download (1).jpg',
			'article_date' => '2017-07-20 00:00:00',
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			'id' => '6260',
			'article_category_id' => '1',
			'title' => 'Butwal Power Receives Best Annual Report Award',
			'sub_title' => '',
			'summary' => 'Butwal Power Company has been awarded with the Best Annual Report-2016 award. ',
			'content' => '<p>July 20: Butwal Power Company has been awarded with the Best Annual Report-2016 award. Finance Minister Gyanendra Bahadur Karki handed the award to the company amid a program organized by Nepal Chartered Accountants Committee on July 17. The company has received this award for the 10<sup>th</sup> time.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6043',
			'image' => '20170720015350_Butwal.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6259',
			'article_category_id' => '1',
			'title' => 'Turkish Airlines flies to Phuket',
			'sub_title' => '',
			'summary' => 'Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. ',
			'content' => '<p>July 20: Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. The company has offered four flights a week starting from July 17. Phuket is the 300<sup>th</sup> destination of Turkish Airlines. Istanbul-Phuket flights are available on Mondays, Thursdays, Saturdays and Sundays.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6042',
			'image' => '20170720014611_Turkey.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '6258',
			'article_category_id' => '1',
			'title' => 'Apache Holds RTR’s movie time',
			'sub_title' => '',
			'summary' => ' Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers.',
			'content' => '<p>July 20: Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers. It provided opportunity for 150 customers to watch Hollywood movies at QFX cinema hall at Labim mall last week. The company informed it will continue such programs for customer satisfaction and loyalty.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6041',
			'image' => '20170720014328_apache.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '6257',
			'article_category_id' => '1',
			'title' => 'Two More ATMs of Jyoti',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur.',
			'content' => '<p>July 20: Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur. With the addition, the bank now operates through a total of 14 ATM outlets. &ldquo;The bank will continue to provide additional services in the coming days collaborating with the international company Visa,&rdquo; said Krishna Bahadur Kunwar, CEO of the bank.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6040',
			'image' => '20170720013917_jyoti.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6256',
			'article_category_id' => '1',
			'title' => 'Nepse Without General Manager Since Two Weeks',
			'sub_title' => '',
			'summary' => 'Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. ',
			'content' => '<p>July 20: Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. The post has remained vacant after Sitaram Thapalia retired upon completion&nbsp;of his four-year term on July 7.</p>

<p>The concerned board has not finalized anyone for the post as hordes of people are making rounds to the homes of influential leaders of Nepali Congress to grab the post, according to informed sources.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6039',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 7 => array(
		'Article' => array(
			'id' => '6255',
			'article_category_id' => '1',
			'title' => 'NRB Shows Flexibility About the Deadline to Meet Paid-Up Capital Requirement',
			'sub_title' => '',
			'summary' => 'The deadline given by Nepal Rastra Bank (NRB)  to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. ',
			'content' => '<p>July 20: The deadline given by Nepal Rastra Bank (NRB) &nbsp;to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. &nbsp;However, the central bank has shown some flexibility regarding this issue.</p>

<p>Only five commercial banks have fulfilled the requirement of Rs 8 billion paid-up capital as of now. Four commercial banks made the announcement well ahead of the deadline. Those banks meeting the criteria set by the central bank within mid-June are Rastriya Banijya Bank, Agriculture Development Bank, Nepal Investment Bank and Global IME Bank. Another commercial bank, Nepal Bank Limited, fulfilled the requirement on the eve of the new fiscal year.</p>

<p>Other banks have pledged to fulfill the requirement by issuing rights shares and bonus shares while some banks have said they have been able to meet only half of the paid-up capital requirement.</p>

<p>Records maintained by NRB show that the commercial banks which have so far failed to meet the ceiling set by NRB have paid-up-capital between Rs 4 billion to Rs 6 billion.</p>

<p>Likewise, national level development banks also have not been able to meet the paid-up capital requirement of Rs 2.5 billion set by the central bank. The ceiling for district level development banks has been set at Rs 1.5 billion.</p>

<p>Of late, most of the banks have been busy in merger and acquisition to meet the paid-up capital while some have made commitment to meet the requirement by issuing rights shares and bonus shares.</p>

<p>Garima Bikas Bank, Kailash Bikash Bank and Lumbini Bikas Bank have almost met the paid-up capital requirement.</p>

<p>NRB has said that the banks which have already started the process of meeting the paid-up capital will not be punished until the final audit report is prepared.</p>

<p>NRB had issued a warning a few weeks ago that it would take action against banks and financial institutions (BFIs) if they fail to meet the paid-up capital requirement by mid-July.</p>

<p>NRB&rsquo;s Spokesperson Narayan Prasad Poudel had said the central bank would put a hold on cash dividends, bonus distribution, deposits, loan ceiling and opening of new branches of those BFIs which do not comply with its directives.</p>

<p>NRB had brought a new monetary policy two years ago under which all commercial banks were asked to increase the minimum paid-up capital from Rs 2 billion to Rs 8 billion by mid-July 2017.</p>

<p>However, Poudel has now softened his stance.</p>

<p>&ldquo;The BFIs Act 2073 has provision for final audit six months after the end of a fiscal year. We won&rsquo;t take action against BFIs until we get the final report,&rdquo; said poudel.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6038',
			'image' => '20170720011241_NRB.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6254',
			'article_category_id' => '1',
			'title' => 'AAN Announces Top 5 Finalists for 9th Crity Award',
			'sub_title' => '',
			'summary' => 'Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9th Crity Award.',
			'content' => '<p>July 20: Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9<sup>th</sup> Crity Award. Organizing a press conference on July 19, AAN unveiled the names of the top five finalists in each of the 26 categories for the annual awards ceremony that will be held in late August.</p>

<p>Speaking at the press conference, AAN President Santosh Shrestha informed that 252 advertisements from 27 advertising agencies in 26 categories have been nominated for the awards. AAN selected five advertisements from each category on the basis of the application AAN received. AAN has been organizing the function since 2060 BS.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6037',
			'image' => '20170720121714_aan.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '6253',
			'article_category_id' => '1',
			'title' => 'NCC Urges KMC to Withdraw Tax Hike ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. ',
			'content' => '<p>June 20: Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. NCC has urged the metropolitan authority to withdraw the price hike immediately.</p>

<p>NCC made such demand arguing that the KMC took such without consulting with the private sector.</p>

<p>NCC expressed its displeasure after the KMC imposed a sharp hike in local tax, registration fees and fines as per the Finance Act 2074.</p>

<p>&nbsp;&ldquo;The local authority took a unilateral decision to hike the price when the existing laws have clearly stated that it should include the private sector in the Revenue Advisory Committee while fixing the tax rate within its jurisdiction,&rdquo; states a press release issued by NCC o July 19.</p>

<p>The NCC statement further says that the hike in business tax imposed by the KMC will result in rise in inflation and the public will have to bear the burden in the end.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6036',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6252',
			'article_category_id' => '1',
			'title' => 'Budget Allocated for Flood Victims Frozen',
			'sub_title' => '',
			'summary' => ' More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn’t distribute the amount on time.',
			'content' => '<p>July 20: More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn&rsquo;t distribute the amount on time. The government had allocated Rs 495 million for the flood victims of the two district in the last fiscal year but Rs 300 million remained unspent.</p>

<p>The amount was sent as relief for 1,652 victims of Banke and 3,579 victims of Bardiya. The amount was released after a long wait but the victims couldn&rsquo;t fully benefit from it as the government decided to distribute the relief amount in installments.</p>

<p>As per the government decision, 3,248 victims of Bardiya and 612 victims of Banke received the first installment worth Rs 50,000 per&nbsp; family, according to engineer Homnath Bhusal of the Urban Development and Building Division Office which distributed the amount.</p>

<p>The government had spent around Rs 193 million in the first installment.</p>

<p>Officials at the urban development office say that they failed to distribute the amount since the government released a large sum unexpectedly and they had trouble in facilitating banking process. They informed that the distribution was also partly affected by the elections.</p>

<p>The government had announced to provide Rs 350,000 to the victim families who did not own any land and Rs 300,000 to those families having land of their own.</p>

<p>More than 13,000 households had been displayed in the two districts due to floods in the Rapti river on August 14, 2014 caused by the Laxmanpur dam and Kalkala embankment built by India.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6035',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6251',
			'article_category_id' => '1',
			'title' => 'Current Account Deficit Declines, BoP Surplus Rises',
			'sub_title' => '',
			'summary' => 'The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. ',
			'content' => '<p>July 19: The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. Nepal Rastra Bank (NRB) made such announcement on July 18 while unveiling a report on economic and financial status of Nepal in 11 months of FY 2016/17. In the corresponding period of the previous FY, the current account surplus of Nepal was Rs 130 billion. According to the report, sharp rise in import of goods resulted in the deficit last year.</p>

<p>During the review period, net services income registered a surplus. This has led to Rs 74.26 billion in surplus in the overall balance of payment (BoP) of the country. However, the BoP in the corresponding period of the previous year was Rs 171 billion in surplus.</p>

<p>The BoP remained in surplus during the last fiscal year due to capital transfer of Rs 12.23 billion and direct foreign investment of Rs 12.27 billion, according to NRB.</p>

<p>The current account was in deficit from the start of the last fiscal year but saw some improvement in the last three months. The current account deficit started gradually declining since mid-April. &nbsp;</p>

<p>According to NRB, the decline in current account deficit owes much to the income generated by the tourism industry. During that period, the income from tourism industry increased by 41.8 percent as compared to the previous year. The income from tourism sector was Rs 55.2 billion.</p>

<p>In the first 11 months of FY 2016/17, the export of goods increased by 10.4 percent for a total sale of Rs 68.62 billion. In the previous year, the export dropped by 20.1 percent.</p>

<p>Meanwhile, the total import increased by 30.9 percent in the review period for a total import of Rs 896.57 billion. Import had decreased by 0.9 percent in the corresponding period of the previous year.&nbsp;</p>
',
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			'created' => '2017-07-19',
			'modified' => '2017-07-19',
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			'description' => '',
			'sortorder' => '6034',
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		'Article' => array(
			'id' => '6250',
			'article_category_id' => '1',
			'title' => 'India Provides Rs 230.73mn Grant for Postal Highway',
			'sub_title' => '',
			'summary' => 'India has provided grant assistance for the construction of two road sections along the Postal Highway. ',
			'content' => '<p>July 19: India has provided grant assistance for the construction of two road sections along the Postal Highway. Indian Ambassador to Nepal Manjeev Singh Puri handed a cheque equivalent to Rs 230.73 million to Devendra Karki, secretary at the Ministry of Physical Planning and Infrastructure amidst a function in Singha Durbar on July 19.</p>

<p>&ldquo;The amount has been released as 25% of tendered cost (including 10% mobilization advance) of the two contracted road stretches namely Maisthan-Gaushalabazaar-Samsi Road and Birendrabazaar-Yadukuha-Mahinathpur Road being implemented under the Postal Highway Project in Nepal,&rdquo; reads a press statement issued by the Indian Embassy.</p>

<p>According to the Embassy of India, the government of India has pledged Rs 8,000 million for the construction of &nbsp;Postal Highway.</p>

<p>So far, the construction of two road sections of the Postal Highway including Dhangadhi-Bhajaniya-Satti road and Lamki-Tikapur-Khakraula road has been completed with the Indian government&rsquo;s grant assistance worth Rs 1,020 million, reads the statement. The construction works started on January 19 this year from Dhangadhi.</p>

<p>According to the press statement, the government of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various highways, roads, bridges, airports, etc as part of its multi-sectoral and multi-dimensional India-Nepal Economic&nbsp;Cooperation Programme since 1950.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6033',
			'image' => '20170719025005_Handing Over of Cheque197172.jpg',
			'article_date' => '2017-07-19 00:00:00',
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			'breaking_news' => false,
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		'Article' => array(
			'id' => '6248',
			'article_category_id' => '1',
			'title' => 'AMCO Launches New Battery',
			'sub_title' => '',
			'summary' => ' Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market.',
			'content' => '<p>July 19: Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market. The company has also launched a website and mobile application to increase awareness about the new battery.</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6032',
			'image' => '20170719022839_amco.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '6247',
			'article_category_id' => '1',
			'title' => 'Tourism in Pokhara Returning Back to Life Post-Earthquake',
			'sub_title' => '',
			'summary' => 'The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara.',
			'content' => '<p>July 19: The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara. Large number of Indian and Chinese tourists visiting Pokhara reached zero. With the tourism business in distress, hotel entrepreneurs in Pokhara started promotional campaigns to revive the business.</p>

<p>Hotel entrepreneurs formed Pokhara Tourism Revival Committee (PTRC), which was active in relief distribution and tourism promotion for one year post earthquake. The committee spread the message worldwide that Pokhara is now safe. Former chairman of Pokhara Tourism Council Ganesh Bahadur Bhattarai took such initiative to revive the industry.</p>

<p>The committee has been dissolved after meeting its objective but the private sector is still actively promoting tourism campaigns as before.</p>

<p>An umbrella organization constituting Pokhara Tourism Council, Western Region Hotel Entrepreneurs Association and NATTA Western Regional Chapter has been promoting tourism in neighbouring countries.</p>

<p>A team of the council reached Darjeeling, Sikim and Siliguri in India this year as well as in the previous year for the promotional activities. Similarly, a team of Western Region Hotel Entrepreneurs Association visited Bihar and different places of Uttar Prasad to launch the campaign.</p>

<p>Nepal Association of Tour and Travel Agents (NATTA) also headed off to Kolkata and Dhaka, Chatgaon and Cox&rsquo;s bazar of Bangladesh to promote Nepal&rsquo;s tourism, informed Dilli Prasad Gautam, chairman of NATTA. This campaign will contribute to increase the number of tourist, claims Gautam.</p>

<p>&ldquo;Chaliya Pokhara&rdquo; campaign initiated by Western Region Hotel Entrepreneurs Association has also successfully contributed in increasing the number of tourist in Nepal. NATTA has also promoted the campaign in Korea, Malaysia, Singapore, Mumbai and Goa.</p>

<p>Various committees related to tourism industry have participated in promoting the tourism development campaign. The campaign is being promoted not only in neighbouring countries but also at various places within Nepal. Due to the campaigns, the tourism industry of Pokhara is slowly returning back to life.</p>
',
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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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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6262',
			'article_category_id' => '1',
			'title' => '7 officials suspended for importing stolen vehicles',
			'sub_title' => '',
			'summary' => 'Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. ',
			'content' => '<p>July 21: Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. A secretary-level meeting of the Ministry of Physical Infrastructure and Transport took a decision to this effect.</p>

<p>Spokesperson at the Department of Transportation Management Dr Tokraj Pandey informed that the ministry has suspended acting chief of Mahakali Zonal Transportation Office Hemant Bahadur Singh.</p>

<p>Other employees involved in the scam are mechanical engineer Deepak Thapa along with Narendra Raj Joshi, Taradutta Bhatta, Mahadev Bhatta, Keshab Dutta Badu and Shyam Raj Ojha.</p>
',
			'published' => true,
			'created' => '2017-07-21',
			'modified' => '2017-07-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6045',
			'image' => null,
			'article_date' => '2017-07-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 1 => array(
		'Article' => array(
			'id' => '6261',
			'article_category_id' => '1',
			'title' => 'NIC Asia Bank to Establish Micro-finance Company',
			'sub_title' => '',
			'summary' => 'NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. ',
			'content' => '<p>July 20: NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. The bank made such announcement during its 20<sup>th</sup> anniversary held at Hotel Annapurna on July 19.</p>

<p>The micro-finance company will be established with the objective of providing financial service even in rural areas of the Nepal.</p>

<p>CEO Laxman Risal claimed that NIC Asia Bank is the only bank in Nepal to get ISO certificate in 2001 and added that it recently got the best quality credit rating (ICRA NP-IR, A) from ICRA Nepal LTD.</p>

<p>On the occasion, the company also handed Rs 25,000 to Nepal Journalists Association as financial support as per its corporate social responsibility.</p>

<p>Operating with the tagline of &ldquo;Bank Pani Sathi Pani&rdquo;, the bank is providing financial service through 119 branches, four extension counters, 70 ATM outlets and around 4,000 remittance counters. The bank said it will continue to open new branches and counters with the aim to reach every geographical area of the country.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6044',
			'image' => '20170720015452_download (1).jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6260',
			'article_category_id' => '1',
			'title' => 'Butwal Power Receives Best Annual Report Award',
			'sub_title' => '',
			'summary' => 'Butwal Power Company has been awarded with the Best Annual Report-2016 award. ',
			'content' => '<p>July 20: Butwal Power Company has been awarded with the Best Annual Report-2016 award. Finance Minister Gyanendra Bahadur Karki handed the award to the company amid a program organized by Nepal Chartered Accountants Committee on July 17. The company has received this award for the 10<sup>th</sup> time.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6043',
			'image' => '20170720015350_Butwal.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 3 => array(
		'Article' => array(
			'id' => '6259',
			'article_category_id' => '1',
			'title' => 'Turkish Airlines flies to Phuket',
			'sub_title' => '',
			'summary' => 'Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. ',
			'content' => '<p>July 20: Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. The company has offered four flights a week starting from July 17. Phuket is the 300<sup>th</sup> destination of Turkish Airlines. Istanbul-Phuket flights are available on Mondays, Thursdays, Saturdays and Sundays.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6042',
			'image' => '20170720014611_Turkey.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 4 => array(
		'Article' => array(
			'id' => '6258',
			'article_category_id' => '1',
			'title' => 'Apache Holds RTR’s movie time',
			'sub_title' => '',
			'summary' => ' Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers.',
			'content' => '<p>July 20: Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers. It provided opportunity for 150 customers to watch Hollywood movies at QFX cinema hall at Labim mall last week. The company informed it will continue such programs for customer satisfaction and loyalty.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6041',
			'image' => '20170720014328_apache.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '6257',
			'article_category_id' => '1',
			'title' => 'Two More ATMs of Jyoti',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur.',
			'content' => '<p>July 20: Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur. With the addition, the bank now operates through a total of 14 ATM outlets. &ldquo;The bank will continue to provide additional services in the coming days collaborating with the international company Visa,&rdquo; said Krishna Bahadur Kunwar, CEO of the bank.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6040',
			'image' => '20170720013917_jyoti.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 6 => array(
		'Article' => array(
			'id' => '6256',
			'article_category_id' => '1',
			'title' => 'Nepse Without General Manager Since Two Weeks',
			'sub_title' => '',
			'summary' => 'Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. ',
			'content' => '<p>July 20: Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. The post has remained vacant after Sitaram Thapalia retired upon completion&nbsp;of his four-year term on July 7.</p>

<p>The concerned board has not finalized anyone for the post as hordes of people are making rounds to the homes of influential leaders of Nepali Congress to grab the post, according to informed sources.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6039',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 7 => array(
		'Article' => array(
			'id' => '6255',
			'article_category_id' => '1',
			'title' => 'NRB Shows Flexibility About the Deadline to Meet Paid-Up Capital Requirement',
			'sub_title' => '',
			'summary' => 'The deadline given by Nepal Rastra Bank (NRB)  to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. ',
			'content' => '<p>July 20: The deadline given by Nepal Rastra Bank (NRB) &nbsp;to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. &nbsp;However, the central bank has shown some flexibility regarding this issue.</p>

<p>Only five commercial banks have fulfilled the requirement of Rs 8 billion paid-up capital as of now. Four commercial banks made the announcement well ahead of the deadline. Those banks meeting the criteria set by the central bank within mid-June are Rastriya Banijya Bank, Agriculture Development Bank, Nepal Investment Bank and Global IME Bank. Another commercial bank, Nepal Bank Limited, fulfilled the requirement on the eve of the new fiscal year.</p>

<p>Other banks have pledged to fulfill the requirement by issuing rights shares and bonus shares while some banks have said they have been able to meet only half of the paid-up capital requirement.</p>

<p>Records maintained by NRB show that the commercial banks which have so far failed to meet the ceiling set by NRB have paid-up-capital between Rs 4 billion to Rs 6 billion.</p>

<p>Likewise, national level development banks also have not been able to meet the paid-up capital requirement of Rs 2.5 billion set by the central bank. The ceiling for district level development banks has been set at Rs 1.5 billion.</p>

<p>Of late, most of the banks have been busy in merger and acquisition to meet the paid-up capital while some have made commitment to meet the requirement by issuing rights shares and bonus shares.</p>

<p>Garima Bikas Bank, Kailash Bikash Bank and Lumbini Bikas Bank have almost met the paid-up capital requirement.</p>

<p>NRB has said that the banks which have already started the process of meeting the paid-up capital will not be punished until the final audit report is prepared.</p>

<p>NRB had issued a warning a few weeks ago that it would take action against banks and financial institutions (BFIs) if they fail to meet the paid-up capital requirement by mid-July.</p>

<p>NRB&rsquo;s Spokesperson Narayan Prasad Poudel had said the central bank would put a hold on cash dividends, bonus distribution, deposits, loan ceiling and opening of new branches of those BFIs which do not comply with its directives.</p>

<p>NRB had brought a new monetary policy two years ago under which all commercial banks were asked to increase the minimum paid-up capital from Rs 2 billion to Rs 8 billion by mid-July 2017.</p>

<p>However, Poudel has now softened his stance.</p>

<p>&ldquo;The BFIs Act 2073 has provision for final audit six months after the end of a fiscal year. We won&rsquo;t take action against BFIs until we get the final report,&rdquo; said poudel.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6038',
			'image' => '20170720011241_NRB.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6254',
			'article_category_id' => '1',
			'title' => 'AAN Announces Top 5 Finalists for 9th Crity Award',
			'sub_title' => '',
			'summary' => 'Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9th Crity Award.',
			'content' => '<p>July 20: Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9<sup>th</sup> Crity Award. Organizing a press conference on July 19, AAN unveiled the names of the top five finalists in each of the 26 categories for the annual awards ceremony that will be held in late August.</p>

<p>Speaking at the press conference, AAN President Santosh Shrestha informed that 252 advertisements from 27 advertising agencies in 26 categories have been nominated for the awards. AAN selected five advertisements from each category on the basis of the application AAN received. AAN has been organizing the function since 2060 BS.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6037',
			'image' => '20170720121714_aan.jpg',
			'article_date' => '2017-07-20 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' => '6253',
			'article_category_id' => '1',
			'title' => 'NCC Urges KMC to Withdraw Tax Hike ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. ',
			'content' => '<p>June 20: Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. NCC has urged the metropolitan authority to withdraw the price hike immediately.</p>

<p>NCC made such demand arguing that the KMC took such without consulting with the private sector.</p>

<p>NCC expressed its displeasure after the KMC imposed a sharp hike in local tax, registration fees and fines as per the Finance Act 2074.</p>

<p>&nbsp;&ldquo;The local authority took a unilateral decision to hike the price when the existing laws have clearly stated that it should include the private sector in the Revenue Advisory Committee while fixing the tax rate within its jurisdiction,&rdquo; states a press release issued by NCC o July 19.</p>

<p>The NCC statement further says that the hike in business tax imposed by the KMC will result in rise in inflation and the public will have to bear the burden in the end.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6036',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
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		'Article' => array(
			'id' => '6252',
			'article_category_id' => '1',
			'title' => 'Budget Allocated for Flood Victims Frozen',
			'sub_title' => '',
			'summary' => ' More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn’t distribute the amount on time.',
			'content' => '<p>July 20: More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn&rsquo;t distribute the amount on time. The government had allocated Rs 495 million for the flood victims of the two district in the last fiscal year but Rs 300 million remained unspent.</p>

<p>The amount was sent as relief for 1,652 victims of Banke and 3,579 victims of Bardiya. The amount was released after a long wait but the victims couldn&rsquo;t fully benefit from it as the government decided to distribute the relief amount in installments.</p>

<p>As per the government decision, 3,248 victims of Bardiya and 612 victims of Banke received the first installment worth Rs 50,000 per&nbsp; family, according to engineer Homnath Bhusal of the Urban Development and Building Division Office which distributed the amount.</p>

<p>The government had spent around Rs 193 million in the first installment.</p>

<p>Officials at the urban development office say that they failed to distribute the amount since the government released a large sum unexpectedly and they had trouble in facilitating banking process. They informed that the distribution was also partly affected by the elections.</p>

<p>The government had announced to provide Rs 350,000 to the victim families who did not own any land and Rs 300,000 to those families having land of their own.</p>

<p>More than 13,000 households had been displayed in the two districts due to floods in the Rapti river on August 14, 2014 caused by the Laxmanpur dam and Kalkala embankment built by India.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6035',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6251',
			'article_category_id' => '1',
			'title' => 'Current Account Deficit Declines, BoP Surplus Rises',
			'sub_title' => '',
			'summary' => 'The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. ',
			'content' => '<p>July 19: The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. Nepal Rastra Bank (NRB) made such announcement on July 18 while unveiling a report on economic and financial status of Nepal in 11 months of FY 2016/17. In the corresponding period of the previous FY, the current account surplus of Nepal was Rs 130 billion. According to the report, sharp rise in import of goods resulted in the deficit last year.</p>

<p>During the review period, net services income registered a surplus. This has led to Rs 74.26 billion in surplus in the overall balance of payment (BoP) of the country. However, the BoP in the corresponding period of the previous year was Rs 171 billion in surplus.</p>

<p>The BoP remained in surplus during the last fiscal year due to capital transfer of Rs 12.23 billion and direct foreign investment of Rs 12.27 billion, according to NRB.</p>

<p>The current account was in deficit from the start of the last fiscal year but saw some improvement in the last three months. The current account deficit started gradually declining since mid-April. &nbsp;</p>

<p>According to NRB, the decline in current account deficit owes much to the income generated by the tourism industry. During that period, the income from tourism industry increased by 41.8 percent as compared to the previous year. The income from tourism sector was Rs 55.2 billion.</p>

<p>In the first 11 months of FY 2016/17, the export of goods increased by 10.4 percent for a total sale of Rs 68.62 billion. In the previous year, the export dropped by 20.1 percent.</p>

<p>Meanwhile, the total import increased by 30.9 percent in the review period for a total import of Rs 896.57 billion. Import had decreased by 0.9 percent in the corresponding period of the previous year.&nbsp;</p>
',
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			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6034',
			'image' => null,
			'article_date' => '2017-07-19 00:00:00',
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		'Article' => array(
			'id' => '6250',
			'article_category_id' => '1',
			'title' => 'India Provides Rs 230.73mn Grant for Postal Highway',
			'sub_title' => '',
			'summary' => 'India has provided grant assistance for the construction of two road sections along the Postal Highway. ',
			'content' => '<p>July 19: India has provided grant assistance for the construction of two road sections along the Postal Highway. Indian Ambassador to Nepal Manjeev Singh Puri handed a cheque equivalent to Rs 230.73 million to Devendra Karki, secretary at the Ministry of Physical Planning and Infrastructure amidst a function in Singha Durbar on July 19.</p>

<p>&ldquo;The amount has been released as 25% of tendered cost (including 10% mobilization advance) of the two contracted road stretches namely Maisthan-Gaushalabazaar-Samsi Road and Birendrabazaar-Yadukuha-Mahinathpur Road being implemented under the Postal Highway Project in Nepal,&rdquo; reads a press statement issued by the Indian Embassy.</p>

<p>According to the Embassy of India, the government of India has pledged Rs 8,000 million for the construction of &nbsp;Postal Highway.</p>

<p>So far, the construction of two road sections of the Postal Highway including Dhangadhi-Bhajaniya-Satti road and Lamki-Tikapur-Khakraula road has been completed with the Indian government&rsquo;s grant assistance worth Rs 1,020 million, reads the statement. The construction works started on January 19 this year from Dhangadhi.</p>

<p>According to the press statement, the government of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various highways, roads, bridges, airports, etc as part of its multi-sectoral and multi-dimensional India-Nepal Economic&nbsp;Cooperation Programme since 1950.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6033',
			'image' => '20170719025005_Handing Over of Cheque197172.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '6248',
			'article_category_id' => '1',
			'title' => 'AMCO Launches New Battery',
			'sub_title' => '',
			'summary' => ' Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market.',
			'content' => '<p>July 19: Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market. The company has also launched a website and mobile application to increase awareness about the new battery.</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6032',
			'image' => '20170719022839_amco.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '6247',
			'article_category_id' => '1',
			'title' => 'Tourism in Pokhara Returning Back to Life Post-Earthquake',
			'sub_title' => '',
			'summary' => 'The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara.',
			'content' => '<p>July 19: The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara. Large number of Indian and Chinese tourists visiting Pokhara reached zero. With the tourism business in distress, hotel entrepreneurs in Pokhara started promotional campaigns to revive the business.</p>

<p>Hotel entrepreneurs formed Pokhara Tourism Revival Committee (PTRC), which was active in relief distribution and tourism promotion for one year post earthquake. The committee spread the message worldwide that Pokhara is now safe. Former chairman of Pokhara Tourism Council Ganesh Bahadur Bhattarai took such initiative to revive the industry.</p>

<p>The committee has been dissolved after meeting its objective but the private sector is still actively promoting tourism campaigns as before.</p>

<p>An umbrella organization constituting Pokhara Tourism Council, Western Region Hotel Entrepreneurs Association and NATTA Western Regional Chapter has been promoting tourism in neighbouring countries.</p>

<p>A team of the council reached Darjeeling, Sikim and Siliguri in India this year as well as in the previous year for the promotional activities. Similarly, a team of Western Region Hotel Entrepreneurs Association visited Bihar and different places of Uttar Prasad to launch the campaign.</p>

<p>Nepal Association of Tour and Travel Agents (NATTA) also headed off to Kolkata and Dhaka, Chatgaon and Cox&rsquo;s bazar of Bangladesh to promote Nepal&rsquo;s tourism, informed Dilli Prasad Gautam, chairman of NATTA. This campaign will contribute to increase the number of tourist, claims Gautam.</p>

<p>&ldquo;Chaliya Pokhara&rdquo; campaign initiated by Western Region Hotel Entrepreneurs Association has also successfully contributed in increasing the number of tourist in Nepal. NATTA has also promoted the campaign in Korea, Malaysia, Singapore, Mumbai and Goa.</p>

<p>Various committees related to tourism industry have participated in promoting the tourism development campaign. The campaign is being promoted not only in neighbouring countries but also at various places within Nepal. Due to the campaigns, the tourism industry of Pokhara is slowly returning back to life.</p>
',
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			'keywords' => '',
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			'sortorder' => '6031',
			'image' => '20170719022054_pokhara.jpg',
			'article_date' => '2017-07-19 00:00:00',
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6262',
			'article_category_id' => '1',
			'title' => '7 officials suspended for importing stolen vehicles',
			'sub_title' => '',
			'summary' => 'Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. ',
			'content' => '<p>July 21: Seven officials including the acting chief of Mahakali Zonal Transportation Office have been suspended for their alleged involvement in importing and operating stolen vehicles from India. A secretary-level meeting of the Ministry of Physical Infrastructure and Transport took a decision to this effect.</p>

<p>Spokesperson at the Department of Transportation Management Dr Tokraj Pandey informed that the ministry has suspended acting chief of Mahakali Zonal Transportation Office Hemant Bahadur Singh.</p>

<p>Other employees involved in the scam are mechanical engineer Deepak Thapa along with Narendra Raj Joshi, Taradutta Bhatta, Mahadev Bhatta, Keshab Dutta Badu and Shyam Raj Ojha.</p>
',
			'published' => true,
			'created' => '2017-07-21',
			'modified' => '2017-07-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6045',
			'image' => null,
			'article_date' => '2017-07-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '6261',
			'article_category_id' => '1',
			'title' => 'NIC Asia Bank to Establish Micro-finance Company',
			'sub_title' => '',
			'summary' => 'NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. ',
			'content' => '<p>July 20: NIC Asia Bank is preparing to establish micro-finance company at Jajarkot. The bank made such announcement during its 20<sup>th</sup> anniversary held at Hotel Annapurna on July 19.</p>

<p>The micro-finance company will be established with the objective of providing financial service even in rural areas of the Nepal.</p>

<p>CEO Laxman Risal claimed that NIC Asia Bank is the only bank in Nepal to get ISO certificate in 2001 and added that it recently got the best quality credit rating (ICRA NP-IR, A) from ICRA Nepal LTD.</p>

<p>On the occasion, the company also handed Rs 25,000 to Nepal Journalists Association as financial support as per its corporate social responsibility.</p>

<p>Operating with the tagline of &ldquo;Bank Pani Sathi Pani&rdquo;, the bank is providing financial service through 119 branches, four extension counters, 70 ATM outlets and around 4,000 remittance counters. The bank said it will continue to open new branches and counters with the aim to reach every geographical area of the country.&nbsp;</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6044',
			'image' => '20170720015452_download (1).jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6260',
			'article_category_id' => '1',
			'title' => 'Butwal Power Receives Best Annual Report Award',
			'sub_title' => '',
			'summary' => 'Butwal Power Company has been awarded with the Best Annual Report-2016 award. ',
			'content' => '<p>July 20: Butwal Power Company has been awarded with the Best Annual Report-2016 award. Finance Minister Gyanendra Bahadur Karki handed the award to the company amid a program organized by Nepal Chartered Accountants Committee on July 17. The company has received this award for the 10<sup>th</sup> time.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6043',
			'image' => '20170720015350_Butwal.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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			'id' => '6259',
			'article_category_id' => '1',
			'title' => 'Turkish Airlines flies to Phuket',
			'sub_title' => '',
			'summary' => 'Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. ',
			'content' => '<p>July 20: Turkish Airlines, the flag carrier of Turkey, has opened flights to Phuket, a famous tourist destination in Thailand. The company has offered four flights a week starting from July 17. Phuket is the 300<sup>th</sup> destination of Turkish Airlines. Istanbul-Phuket flights are available on Mondays, Thursdays, Saturdays and Sundays.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6042',
			'image' => '20170720014611_Turkey.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '6258',
			'article_category_id' => '1',
			'title' => 'Apache Holds RTR’s movie time',
			'sub_title' => '',
			'summary' => ' Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers.',
			'content' => '<p>July 20: Jagdamba Motors has successfully organized the Apache RTR movie time program to entertainment its customers. It provided opportunity for 150 customers to watch Hollywood movies at QFX cinema hall at Labim mall last week. The company informed it will continue such programs for customer satisfaction and loyalty.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6041',
			'image' => '20170720014328_apache.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6257',
			'article_category_id' => '1',
			'title' => 'Two More ATMs of Jyoti',
			'sub_title' => '',
			'summary' => 'Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur.',
			'content' => '<p>July 20: Jyoti Bikas Bank has installed ATM outlet at two of its branches located at Jorpati and Chyamhasingh of Bhaktapur. With the addition, the bank now operates through a total of 14 ATM outlets. &ldquo;The bank will continue to provide additional services in the coming days collaborating with the international company Visa,&rdquo; said Krishna Bahadur Kunwar, CEO of the bank.</p>
',
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			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6040',
			'image' => '20170720013917_jyoti.jpg',
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			'homepage' => false,
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		'Article' => array(
			'id' => '6256',
			'article_category_id' => '1',
			'title' => 'Nepse Without General Manager Since Two Weeks',
			'sub_title' => '',
			'summary' => 'Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. ',
			'content' => '<p>July 20: Nepal Stock Exchange (Nepse) is without a general manager for the last 14 days. The post has remained vacant after Sitaram Thapalia retired upon completion&nbsp;of his four-year term on July 7.</p>

<p>The concerned board has not finalized anyone for the post as hordes of people are making rounds to the homes of influential leaders of Nepali Congress to grab the post, according to informed sources.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6039',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 7 => array(
		'Article' => array(
			'id' => '6255',
			'article_category_id' => '1',
			'title' => 'NRB Shows Flexibility About the Deadline to Meet Paid-Up Capital Requirement',
			'sub_title' => '',
			'summary' => 'The deadline given by Nepal Rastra Bank (NRB)  to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. ',
			'content' => '<p>July 20: The deadline given by Nepal Rastra Bank (NRB) &nbsp;to meet the paid-up capital requirement for banks and financial institutions (BFIs) has expired with the start of the new fiscal year. &nbsp;However, the central bank has shown some flexibility regarding this issue.</p>

<p>Only five commercial banks have fulfilled the requirement of Rs 8 billion paid-up capital as of now. Four commercial banks made the announcement well ahead of the deadline. Those banks meeting the criteria set by the central bank within mid-June are Rastriya Banijya Bank, Agriculture Development Bank, Nepal Investment Bank and Global IME Bank. Another commercial bank, Nepal Bank Limited, fulfilled the requirement on the eve of the new fiscal year.</p>

<p>Other banks have pledged to fulfill the requirement by issuing rights shares and bonus shares while some banks have said they have been able to meet only half of the paid-up capital requirement.</p>

<p>Records maintained by NRB show that the commercial banks which have so far failed to meet the ceiling set by NRB have paid-up-capital between Rs 4 billion to Rs 6 billion.</p>

<p>Likewise, national level development banks also have not been able to meet the paid-up capital requirement of Rs 2.5 billion set by the central bank. The ceiling for district level development banks has been set at Rs 1.5 billion.</p>

<p>Of late, most of the banks have been busy in merger and acquisition to meet the paid-up capital while some have made commitment to meet the requirement by issuing rights shares and bonus shares.</p>

<p>Garima Bikas Bank, Kailash Bikash Bank and Lumbini Bikas Bank have almost met the paid-up capital requirement.</p>

<p>NRB has said that the banks which have already started the process of meeting the paid-up capital will not be punished until the final audit report is prepared.</p>

<p>NRB had issued a warning a few weeks ago that it would take action against banks and financial institutions (BFIs) if they fail to meet the paid-up capital requirement by mid-July.</p>

<p>NRB&rsquo;s Spokesperson Narayan Prasad Poudel had said the central bank would put a hold on cash dividends, bonus distribution, deposits, loan ceiling and opening of new branches of those BFIs which do not comply with its directives.</p>

<p>NRB had brought a new monetary policy two years ago under which all commercial banks were asked to increase the minimum paid-up capital from Rs 2 billion to Rs 8 billion by mid-July 2017.</p>

<p>However, Poudel has now softened his stance.</p>

<p>&ldquo;The BFIs Act 2073 has provision for final audit six months after the end of a fiscal year. We won&rsquo;t take action against BFIs until we get the final report,&rdquo; said poudel.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6038',
			'image' => '20170720011241_NRB.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6254',
			'article_category_id' => '1',
			'title' => 'AAN Announces Top 5 Finalists for 9th Crity Award',
			'sub_title' => '',
			'summary' => 'Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9th Crity Award.',
			'content' => '<p>July 20: Advertisement Association of Nepal (AAN) has announced the top five finalists in various categories for the Nepal Ice 9<sup>th</sup> Crity Award. Organizing a press conference on July 19, AAN unveiled the names of the top five finalists in each of the 26 categories for the annual awards ceremony that will be held in late August.</p>

<p>Speaking at the press conference, AAN President Santosh Shrestha informed that 252 advertisements from 27 advertising agencies in 26 categories have been nominated for the awards. AAN selected five advertisements from each category on the basis of the application AAN received. AAN has been organizing the function since 2060 BS.&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6037',
			'image' => '20170720121714_aan.jpg',
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6253',
			'article_category_id' => '1',
			'title' => 'NCC Urges KMC to Withdraw Tax Hike ',
			'sub_title' => '',
			'summary' => 'Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. ',
			'content' => '<p>June 20: Nepal Chamber of Commerce (NCC) has drawn the attention of Kathmandu Metropolitan City (KMC) regarding the hike in tax under various headings. NCC has urged the metropolitan authority to withdraw the price hike immediately.</p>

<p>NCC made such demand arguing that the KMC took such without consulting with the private sector.</p>

<p>NCC expressed its displeasure after the KMC imposed a sharp hike in local tax, registration fees and fines as per the Finance Act 2074.</p>

<p>&nbsp;&ldquo;The local authority took a unilateral decision to hike the price when the existing laws have clearly stated that it should include the private sector in the Revenue Advisory Committee while fixing the tax rate within its jurisdiction,&rdquo; states a press release issued by NCC o July 19.</p>

<p>The NCC statement further says that the hike in business tax imposed by the KMC will result in rise in inflation and the public will have to bear the burden in the end.</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6036',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6252',
			'article_category_id' => '1',
			'title' => 'Budget Allocated for Flood Victims Frozen',
			'sub_title' => '',
			'summary' => ' More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn’t distribute the amount on time.',
			'content' => '<p>July 20: More than half of the budget allocated for flood victims of Banke and Bardiya have been frozen as the government authorities couldn&rsquo;t distribute the amount on time. The government had allocated Rs 495 million for the flood victims of the two district in the last fiscal year but Rs 300 million remained unspent.</p>

<p>The amount was sent as relief for 1,652 victims of Banke and 3,579 victims of Bardiya. The amount was released after a long wait but the victims couldn&rsquo;t fully benefit from it as the government decided to distribute the relief amount in installments.</p>

<p>As per the government decision, 3,248 victims of Bardiya and 612 victims of Banke received the first installment worth Rs 50,000 per&nbsp; family, according to engineer Homnath Bhusal of the Urban Development and Building Division Office which distributed the amount.</p>

<p>The government had spent around Rs 193 million in the first installment.</p>

<p>Officials at the urban development office say that they failed to distribute the amount since the government released a large sum unexpectedly and they had trouble in facilitating banking process. They informed that the distribution was also partly affected by the elections.</p>

<p>The government had announced to provide Rs 350,000 to the victim families who did not own any land and Rs 300,000 to those families having land of their own.</p>

<p>More than 13,000 households had been displayed in the two districts due to floods in the Rapti river on August 14, 2014 caused by the Laxmanpur dam and Kalkala embankment built by India.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-20',
			'modified' => '2017-07-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6035',
			'image' => null,
			'article_date' => '2017-07-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6251',
			'article_category_id' => '1',
			'title' => 'Current Account Deficit Declines, BoP Surplus Rises',
			'sub_title' => '',
			'summary' => 'The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. ',
			'content' => '<p>July 19: The current account deficit of Nepal till mid-June in the last fiscal year was Rs 1.72 billion. Nepal Rastra Bank (NRB) made such announcement on July 18 while unveiling a report on economic and financial status of Nepal in 11 months of FY 2016/17. In the corresponding period of the previous FY, the current account surplus of Nepal was Rs 130 billion. According to the report, sharp rise in import of goods resulted in the deficit last year.</p>

<p>During the review period, net services income registered a surplus. This has led to Rs 74.26 billion in surplus in the overall balance of payment (BoP) of the country. However, the BoP in the corresponding period of the previous year was Rs 171 billion in surplus.</p>

<p>The BoP remained in surplus during the last fiscal year due to capital transfer of Rs 12.23 billion and direct foreign investment of Rs 12.27 billion, according to NRB.</p>

<p>The current account was in deficit from the start of the last fiscal year but saw some improvement in the last three months. The current account deficit started gradually declining since mid-April. &nbsp;</p>

<p>According to NRB, the decline in current account deficit owes much to the income generated by the tourism industry. During that period, the income from tourism industry increased by 41.8 percent as compared to the previous year. The income from tourism sector was Rs 55.2 billion.</p>

<p>In the first 11 months of FY 2016/17, the export of goods increased by 10.4 percent for a total sale of Rs 68.62 billion. In the previous year, the export dropped by 20.1 percent.</p>

<p>Meanwhile, the total import increased by 30.9 percent in the review period for a total import of Rs 896.57 billion. Import had decreased by 0.9 percent in the corresponding period of the previous year.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6034',
			'image' => null,
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6250',
			'article_category_id' => '1',
			'title' => 'India Provides Rs 230.73mn Grant for Postal Highway',
			'sub_title' => '',
			'summary' => 'India has provided grant assistance for the construction of two road sections along the Postal Highway. ',
			'content' => '<p>July 19: India has provided grant assistance for the construction of two road sections along the Postal Highway. Indian Ambassador to Nepal Manjeev Singh Puri handed a cheque equivalent to Rs 230.73 million to Devendra Karki, secretary at the Ministry of Physical Planning and Infrastructure amidst a function in Singha Durbar on July 19.</p>

<p>&ldquo;The amount has been released as 25% of tendered cost (including 10% mobilization advance) of the two contracted road stretches namely Maisthan-Gaushalabazaar-Samsi Road and Birendrabazaar-Yadukuha-Mahinathpur Road being implemented under the Postal Highway Project in Nepal,&rdquo; reads a press statement issued by the Indian Embassy.</p>

<p>According to the Embassy of India, the government of India has pledged Rs 8,000 million for the construction of &nbsp;Postal Highway.</p>

<p>So far, the construction of two road sections of the Postal Highway including Dhangadhi-Bhajaniya-Satti road and Lamki-Tikapur-Khakraula road has been completed with the Indian government&rsquo;s grant assistance worth Rs 1,020 million, reads the statement. The construction works started on January 19 this year from Dhangadhi.</p>

<p>According to the press statement, the government of India has been supporting infrastructure development of Nepal and has provided financial assistance for construction of various highways, roads, bridges, airports, etc as part of its multi-sectoral and multi-dimensional India-Nepal Economic&nbsp;Cooperation Programme since 1950.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6033',
			'image' => '20170719025005_Handing Over of Cheque197172.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6248',
			'article_category_id' => '1',
			'title' => 'AMCO Launches New Battery',
			'sub_title' => '',
			'summary' => ' Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market.',
			'content' => '<p>July 19: Baudha Enterprise, the authorized dealer of AMCO batteries, has launched new range of batteries of international standard in the Nepali market. The company has also launched a website and mobile application to increase awareness about the new battery.</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6032',
			'image' => '20170719022839_amco.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6247',
			'article_category_id' => '1',
			'title' => 'Tourism in Pokhara Returning Back to Life Post-Earthquake',
			'sub_title' => '',
			'summary' => 'The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara.',
			'content' => '<p>July 19: The massive earthquake of April 25, 2015 left serious impact on the tourism industry of Pokhara. Large number of Indian and Chinese tourists visiting Pokhara reached zero. With the tourism business in distress, hotel entrepreneurs in Pokhara started promotional campaigns to revive the business.</p>

<p>Hotel entrepreneurs formed Pokhara Tourism Revival Committee (PTRC), which was active in relief distribution and tourism promotion for one year post earthquake. The committee spread the message worldwide that Pokhara is now safe. Former chairman of Pokhara Tourism Council Ganesh Bahadur Bhattarai took such initiative to revive the industry.</p>

<p>The committee has been dissolved after meeting its objective but the private sector is still actively promoting tourism campaigns as before.</p>

<p>An umbrella organization constituting Pokhara Tourism Council, Western Region Hotel Entrepreneurs Association and NATTA Western Regional Chapter has been promoting tourism in neighbouring countries.</p>

<p>A team of the council reached Darjeeling, Sikim and Siliguri in India this year as well as in the previous year for the promotional activities. Similarly, a team of Western Region Hotel Entrepreneurs Association visited Bihar and different places of Uttar Prasad to launch the campaign.</p>

<p>Nepal Association of Tour and Travel Agents (NATTA) also headed off to Kolkata and Dhaka, Chatgaon and Cox&rsquo;s bazar of Bangladesh to promote Nepal&rsquo;s tourism, informed Dilli Prasad Gautam, chairman of NATTA. This campaign will contribute to increase the number of tourist, claims Gautam.</p>

<p>&ldquo;Chaliya Pokhara&rdquo; campaign initiated by Western Region Hotel Entrepreneurs Association has also successfully contributed in increasing the number of tourist in Nepal. NATTA has also promoted the campaign in Korea, Malaysia, Singapore, Mumbai and Goa.</p>

<p>Various committees related to tourism industry have participated in promoting the tourism development campaign. The campaign is being promoted not only in neighbouring countries but also at various places within Nepal. Due to the campaigns, the tourism industry of Pokhara is slowly returning back to life.</p>
',
			'published' => true,
			'created' => '2017-07-19',
			'modified' => '2017-07-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '6031',
			'image' => '20170719022054_pokhara.jpg',
			'article_date' => '2017-07-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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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
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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