Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '6110',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Chitwan',
			'sub_title' => '',
			'summary' => 'ICFC Finance has opened its branch at Jyotinagar of Chitwan district.',
			'content' => '<p>July 2: ICFC Finance has opened its branch at Jyotinagar of Chitwan district.</p>

<p>Sunil Panta, CEO of the bank, inaugurated the branch amid a program held on June 30.</p>

<p>With the addition, the bank is now providing financial services from 15 branches, one extension counter and 12 outlets. The bank is also planning to open its branch at Narayanghat in Chitwan in the near future.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-02',
			'modified' => '2017-07-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5894',
			'image' => '20170702021232_logo.jpg',
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		'Article' => array(
			'id' => '6109',
			'article_category_id' => '1',
			'title' => 'NRB to Take Action Against BFIs Which do not Meet the Paid-up Capital Requirement',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. ',
			'content' => '<p>July 2: Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. The central bank has said it will 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. Two years ago, the NRB had brought a new monetary policy 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>NRB&rsquo;s Spokesperson Narayan Prasad Poudel issued such warning at a function organized by Kumari Bank to mark the beginning of its integrated transaction service on Friday after acquisition of three development banks and one financial institution.</p>

<p>According to Poudel, merger and acquisition has reduced the number of BFIs from 150 to 46 so far.</p>

<p>Speaking at the function, Governor of NRB Dr Chiranjivi Nepal said that the International Monetary Fund and the World Bank had suggested to the central bank eight years ago to increase the paid-up capital and the implementation of the plan has now become successful. &nbsp;</p>

<p>Governor Nepal said that the new ceiling of paid-up capital set by the central bank will help in improving the overall banking system of Nepal in the coming days. The new measures taken by the NRB has made large-scale investment possible, argued Governor Nepal.</p>

<p>&ldquo;Now, we don&rsquo;t have to depend solely upon donor agencies for large-scale investment,&rdquo; he said, adding, &ldquo;Banks and financial institutions will now have plenty of capital.&rdquo;</p>

<p>Governor Nepal also drew the attention of all stakeholders to expand the network of banking sector to various parts of the country since only 240 local units out of the total 744 units in the new federal setup have banking service.</p>

<p>Kumari Bank has started integrated transaction service since Friday after acquiring Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebhir Bikas Bank and Paschimacnhal Finance. Kumari Bank&rsquo;s operator Dr Shobhakant Dhakal said that the bank is still short of Rs 590 million to meet the paid-up capital requirement of Rs 8 billion even after acquiring the four new BFIs. Dhakal informed that the bank would meet the requirement by providing only 20 percent share bonus in the current fiscal year.</p>

<p>After the merger, Kumari Bank has appointed Surendra Bhandari as the new Chief Executive Officer. Now, the bank&rsquo;s deposit is Rs 52 billion while it has loaned out Rs 45 billion. &nbsp;</p>
',
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			'created' => '2017-07-02',
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			'sortorder' => '5893',
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			'id' => '6108',
			'article_category_id' => '1',
			'title' => 'NRN steps up effort in cleaning airport',
			'sub_title' => '',
			'summary' => 'Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA).',
			'content' => '<p>June 30: Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA). During the month-long campaign, NRN will provide training to the employees of the airport as well as cleaning materials. Skilled trainers and technicians from Australia-based Khem&rsquo;s Cleaning Service has been assisting the airport staff in this project.</p>

<p>NRN International Coordination Council&rsquo;s vice president and Nepal Tourism Promotion Committee&rsquo;s Chairman Bhavan Bhatta inaugurated the campaign by handing over the cleaning materials to Director General of Civil Aviation Authority of Nepal Sanjeev Gautam and TIA General Manager Devananda Upadhyay.</p>

<p>Stating that the first impression of foreigners toward Nepal starts once they step their foot on the airport, the NRN said it decided to step up its effort in cleaning the airport to maintain the dignity of the country which regards tourists as &lsquo;gods&rsquo;.</p>

<p>TIA General Manager Upadhyay said that cleanliness is a regular affair and this campaign would bear fruit only if it becomes sustainable. Director General of CAAN Upadhyay admitted that the airport authorities could not maintain proper cleanliness due to excessive number of passengers. He further said that the authorities have been relentless working to maintain the hygiene of the airport and that the collaboration with NRN has helped them in bringing some changes.</p>

<p>Operator of Khem&rsquo;s Cleaning Service, Khem Sharma, said that the outlook of the airport can be changed if they carry out cleanliness drive in a properly managed way.</p>
',
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			'created' => '2017-06-30',
			'modified' => '2017-06-30',
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			'sortorder' => '5892',
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		'Article' => array(
			'id' => '6107',
			'article_category_id' => '1',
			'title' => 'Mega Bank Applies for Right Shares',
			'sub_title' => '',
			'summary' => 'Mega Bank has applied for issuance of 65 percent right shares at SEBON.',
			'content' => '<p>June 30: Mega Bank has applied for issuance of 65 percent right shares at SEBON. The bank had decided to issue 65 percent right shares during its last Annual General Meeting.</p>

<p>The bank has asked for the approval for issuing around 29.785 million units of right shares, informed CEO of the bank Anil Keshari Shah.</p>

<p>&nbsp;Nabil Investment Bank will be the issue manager for the issuance of right shares, the bank said in a press statement.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
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			'sortorder' => '5891',
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		'Article' => array(
			'id' => '6106',
			'article_category_id' => '1',
			'title' => '10 New Companies to Open up New Avenues in Insurance Market',
			'sub_title' => '',
			'summary' => 'With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.',
			'content' => '<p>June 30: With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.</p>

<p>Experts say that this will increase competition among the insurance companies and create more benefits for the policyholders. It is also expected to create more employment opportunities.</p>

<p>According to the Insurance Committee of Nepal, the number of life insurance companies will reach 19 after the additional 10 companies come into operation. Currently, there are nine life insurance companies and 17 non-life insurance companies as well as one reinsurance company in Nepal. However, the committee&#39;s statistics says that only seven per cent of people have access to insurance.</p>

<p>&quot;The statistics have only counted the surrender and more than one policies of each individual. So, the percentage is not more than five percent,&quot; says Ramesh Kumar Bhattarai, Former Executive Officer of Asian Life Insurance. &nbsp;</p>

<p>&nbsp;</p>

<p>The new companies are in the final stage of entering the market. Anticipating tough competition, both the operational life insurance companies as well as the new companies are preparing to come up with attractive policies and packages to woo their clients.</p>

<p>&nbsp;<strong>95 per cent people not insured</strong></p>

<p>According to Ramesh Kumar Bhattarai, former executive officer of Asian Life Insurance, 95 per cent of the total population is still out of reach from insurance.</p>

<p>&quot;This is definitely an opportunity for the insurance companies. So, they should utilise this prospect to increase the market for insurance,&quot; shared Bhatttarai.</p>

<p>According to Bijay Kumar Sarawagi, chairman of Asian Life Insurance, the insurance market has not fostered due to the lack of awareness about insurance among the people. He said that the government&#39;s unfriendly policy towards the insurance sector is one of the reasons that has been hindering the growth of this sector.</p>

<p>Sarawagi said that the government has set the insurance waiver ceiling at Rs 20,000 for income tax, which is very less.</p>

<p>&quot;In India, the waiver ceiling is Rs 100,000,&quot; he said, adding that addressing this problem would definitely help to improve this sector.</p>

<p>The insurance sector also lacks enough human resources. Experts believe that increase in the number of insurance companies will also create employment for many people.</p>

<p><strong>Employment for 27,000 people </strong></p>

<p>According to the operators of insurance companies, one insurance company requires around 200 employees and 2,500 insurance agents. Therefore, around 27,000 people will be required for 10 insurance companies. Sarawagi shared that as this business is dependent on insurance agents, they have a vital role to play in this sector.</p>

<p>&quot;There is no practice of online insurance here so far. So, the people purchase insurance on the basis of trust they build with the agent,&rdquo; he added.</p>

<p>According to the Insurance Committee, there are more than 75,000 insurance agents as of now. There are also quite a few number of passive agents in this sector. Experts say that the new companies entering the market might also bring changes in the passive agents.</p>

<p>Bhattarai said that though there are around 300 BFIs in Nepal, not more than 50 per cent citizens are have access to such institutions.</p>

<p>&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '6105',
			'article_category_id' => '1',
			'title' => 'NEHUB organizes meet on business incubation',
			'sub_title' => '',
			'summary' => ' Nepal Entrepreneurs’ Hub (NEHUB) organized the 15th ‘Spark Talk and Meetups’ on June 27 to highlight about the international trend in business incubation.',
			'content' => '<p>June 30: Nepal Entrepreneurs&rsquo; Hub (NEHUB) organized the 15<sup>th</sup> &lsquo;Spark Talk and Meetups&rsquo; on June 27 to highlight about the international trend in business incubation.</p>

<p>Julian Webb, business incubation &lsquo;InfoDev&rsquo; consultant to World Bank and managing director of CREED Projects, shed light on international trends in incubation.</p>

<p>During the first session, the speaker talked about his experience in international trends in incubation. In the presence of important stakeholders from universities, incubation centers, business accelerators and innovation hubs contributing to the entrepreneurial ecosystem of the country, the program shed light on the challenges and opportunities that these institution face whilst operating in Nepal, reads a press statement issued by NEHUB.</p>

<p>&nbsp;&ldquo;We need to get our basics right first and then talk about disruptive innovation that takes place in Silicon Valley. Incubation centers operating in Nepal must capitalize on the opportunities that are already present in Nepal,&rdquo; said &nbsp;Rupesh Krishna Shrestha, assistant professor at Kathmandu University School of Management.&nbsp;</p>

<p>In addition, the programme also focused on discussions including key skill sets for entrepreneurs needed to go for incubation, importance of bootstrapping against venture capitalist in developing nation and importance of university-based incubation center.</p>

<p>&nbsp;</p>
',
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			'sortorder' => '5889',
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		'Article' => array(
			'id' => '6104',
			'article_category_id' => '1',
			'title' => 'IRD chief unable to furnish bail',
			'sub_title' => '',
			'summary' => 'June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department’s (IRD) Director General Chudamani Sharma. ',
			'content' => '<p>June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department&rsquo;s (IRD) Director General Chudamani Sharma. According to informed sources, Sharma is unlikely to furnish the bail amount. Sharma is currently under CIAA custody. He was arrested on June 2 for his alleged involvement in abetting various institutions and individuals in avoiding taxes.</p>

<p>CIAA Spokesperson Jeevraj Koirala said that the anti-graft body is preparing to investigate more than 1,000 files related to Sharma. According to him, the CIAA has already studied 125 files after the arrest of Sharma about a month ago. Sources at the CIAA informed that they found irregularities worth Rs 9 billion after studying those files. Investigations carried out so far have revealed Sharma&rsquo;s involvement in helping various people illegally avoid Rs 9 billion in taxes but the sources said the total embezzled amount cannot be ascertained without the completion of the investigations.</p>

<p>Sources said that the CIAA sought bail from Sharma since it would take quite some time for studying all the files.</p>

<p>&ldquo;Although we have asked for the bail, Sharma hasn&rsquo;t been able to submit the amount. &nbsp;He could have stayed away from the cell as long as the investigations are underway,&rdquo; said one of the sources.</p>

<p>Although other government employees at the IRD used to be transferred to various departments from time to time, Sharma had remained the director general of the office for a long period. He has been accused of soliciting support from power centers to remain in the post. Few years ago, the government had formed a tax clearance commission. Sharma was the member secretary of the commission while Lumba Dhwoj Mahat was the coordinator and Umesh Dhakal a member. The CIAA has publicly announced incentives for anyone who gives information regarding the whereabouts of Mahat and Dhakal.</p>

<p>There is a legal provision for the CIAA to keep anyone accused of corruption in prison for six months. However, the CIAA needs to take permission from the Special Court for that purpose. The anti-graft body also has to seek renewal order every month from the Special Court.&nbsp;</p>
',
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			'id' => '6103',
			'article_category_id' => '1',
			'title' => '3rd National BSchools Rating Ranking Awards 2017',
			'sub_title' => '',
			'summary' => 'Who is going to be the BEST B-SCHOOL of this year?',
			'content' => '<p><img alt="" class="img-responsive" src="/userfiles/images/bschool_full.jpg" /></p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5887',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
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			'in_scroller' => false,
			'user_id' => '1'
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		'Article' => array(
			'id' => '6102',
			'article_category_id' => '1',
			'title' => '14 Kms of Bagmati Corridor Road Completed',
			'sub_title' => '',
			'summary' => 'The High Powered Committee for Integrated Development of the Bagmati Civilisation has spent 56.68 percent amount of the allocated budget till mid-June. ',
			'content' => '<p>June 29: The High Powered Committee for Integrated Development of the Bagmati Civilisation&nbsp;has spent 56.68 percent amount of the allocated budget till mid-June. Out of Rs 100.44 billion allocated to Bagmati Area Physical Infrastructure Development Project under the committee, Rs 56.94 billion has been spent to construct infrastructures including roads, drainage and river embankments. &nbsp;</p>

<p>About 13.73 kilometres of another keenly-watched project under the committee, the Bagmati Corridor Road, has been completed so far. This project has been given special focus since a long time as it is considered vital in easing traffic congestion in Kathmandu and Lalitpur. The total length of the corridor is 17.61 kms.</p>

<p>The Bagmati Corridor Road stretches from Gokarneshwar Temple to Balkhu en route Tilganga, Sinamangal, Minbhavan, Shankhamul and Thapathali.</p>

<p>&quot;Only 3.88 kms of the corridor road is yet to be constructed,&quot; says Jyoti Kumar Shrestha, director of the project. &nbsp;He said that there is no separate project as such for Bagmati corridor but the roads are being constructed under the Bagmati Area Physical Infrastructure Development Project.</p>

<p>&ldquo;We have divided the corridor into various sections and the construction is underway in most of the places,&rdquo; he said.</p>

<p>&nbsp;</p>

<p>Out of 1,750 metres of the road section from Gokarneshwar to Guheswari, 1,250 metres has been completed. Similarly, the Tilganga-Sinamangal road section of the corridor has been completed as per the target. According to the project, 3,419 kilometres of the road which falls in the area has been completed. Also, 1,391 metres of Sinamangal-Minbhavan road section has also been completed.</p>

<p>However, the construction of Minbhawan-Shankhamul road section of the corridor almost ready. The road section is 6,600 metres long while construction of 6,570 metres has already finished. 1100 metres of Shankamul-Thapathali road section has been completed as per the target.&nbsp; Meanwhile, only 150 metres of Thapathali-Balkhu road section has been completed so far.</p>

<p>The agreement for construction of 2,500 metres Balkhu-Sundarighat road section was signed in 2013. However, no progress had been made in this section at all. The project has a target to complete 2,500 meters of the Bishnumati confluence-Shobha Bhagwati road section. The agreement for this road section was signed in 2014.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5886',
			'image' => null,
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		'Article' => array(
			'id' => '6101',
			'article_category_id' => '1',
			'title' => 'Slush Global Impact Accelerator Opens Application for Pitching Competition',
			'sub_title' => '',
			'summary' => 'Slush Global Impact Accelerator 2017 has opened applications for Nepali entrepreneurs to take part in a global event.',
			'content' => '<p>June 29: Slush Global Impact Accelerator 2017, a program initiated in collaboration with the Ministry for Foreign Affairs of Finland, has opened applications for Nepali entrepreneurs to take part in a global competition. The entrepreneurs will be required to pitch their business ideas out of which 15 applicants will be shortlisted. The ideas need to be solution driven which supports Sustainable Development Goals. The purpose of the event is to create a leading global program that supports Nepali startups looking to solve some of the most pressing global challenges and contributing to the discussion on impact investing.&nbsp;</p>

<p>The deadline for the application is July 31, 2017 followed by orientation for the entrepreneurs. The shortlisted participants will get to pitch their final ideas on August 17 where the finalists will be selected. The finalists will then get to pitch their ideas in the international bootcamp, Slush Global Impact Accelerator, in Helsinki, Finland in November.</p>

<p>The enterprises that wish to apply need to be legally registered and have at least a working prototype along with having revenue plus funding less than 1 million euros.</p>

<p>The event is being jointly organized by YoungInnovations, OULU University of Applied Sciences, Kathmandu University School of Management (KUSOM), King&rsquo;s College and Idea Studio. This is the second Slush GIA to be held in Nepal. Last year, two finalists, Honeyguide App and ICT for Agriculture got a chance to pitch their business plans at the global arena in Finland.&nbsp;</p>
',
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			'created' => '2017-06-29',
			'modified' => '2017-06-29',
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			'sortorder' => '5885',
			'image' => '20170629031137_slush_GIA_eposter.jpg',
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		'Article' => array(
			'id' => '6100',
			'article_category_id' => '1',
			'title' => 'Himalayan Bank Installs CCTV Cameras in Maitidevi Temple Premises',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu. ',
			'content' => '<p>June 29: Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu today.</p>

<p>The bank as part of its CSR initiative&nbsp;handed over eight sets of high quality cameras and recording equipments to the temple administration amid a function held on Thursday for the security of religious heritage, reads a press statement issued by the bank.</p>

<p>The cameras can secure high resolution videos of all the activities round the clock around the temple premises for 18 days.</p>

<p>While handing over the cameras to Maitidevi Area Management Committee&rsquo;s member secretary Darshan Mahato, Himalayan Bank&rsquo;s Chairman Manoj Bahadur Shrestha expressed his belief that the installation of cameras would help in curbing unwanted activities around the temple area.</p>

<p>Director General of the Department of Archaeology, Bhes Narayan Dahal, was present during the function.</p>
',
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			'sortorder' => '5884',
			'image' => '20170629020051_20170628_153653.jpg',
			'article_date' => '2017-06-29 00:00:00',
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		'Article' => array(
			'id' => '6099',
			'article_category_id' => '1',
			'title' => 'NCELL Provides Scholarships to SEE Students',
			'sub_title' => '',
			'summary' => ' NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its ‘Pahilo Sim’ campaign.',
			'content' => '<p>June 29: NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its &lsquo;Pahilo Sim&rsquo; campaign.</p>

<p>Under its first sim campaign, NCELL has provided partial scholarships of Rs 5,000 each to three top students from 16 different bridge course institutes.</p>

<p>NCELL will continue to provide such scholarships to outstanding students in the future as well, it said in a statement.</p>

<p>The students were selected for the scholarship based on their performance in internal exams conducted by the institutes.</p>

<p>Under this campaign, which is valid till June 30, the SEE appeared students can buy prepaid sim card just for Rs 1 which includes My 5 service that provides unlimited talk time to 5 NCELL numbers for 30 days.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5883',
			'image' => '20170629013444_Ncell-brand-logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
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		'Article' => array(
			'id' => '6098',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Trishuli',
			'sub_title' => '',
			'summary' => ' ICFC Finance has opened its branch in Trishuli of Nuwakot district.',
			'content' => '<p>June 29: ICFC Finance has opened its branch in Trishuli of Nuwakot district. The finance company has upgraded its extension counter operating in Trishuli into the branch. Sunil Panta, CEO of the company, inaugurated the branch on June 28.</p>

<p>The extension counter was converted into branch with an objective of improving the economic condition of Nuwakot district, said Panta.</p>

<p>With the addition, the finance company has a total of 15 branches now. The finance company running on profit of Rs 180 million until mid-June in the current fiscal year, operates with a total of 12 ATM outlets. The finance company is also preparing to open another branch at Jyotinagar in Chitwan.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5882',
			'image' => '20170629012816_logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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		'Article' => array(
			'id' => '6097',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between BoK and NLG',
			'sub_title' => '',
			'summary' => ' Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.',
			'content' => '<p>June 29: Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.</p>

<p>The bank and the insurance company signed an agreement to this regard amid a program held on June 28.</p>

<p>According to the agreement, customers of the bank can subscribe to all non-life insurance-related services from any BoK branch throughout the country.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5881',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
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		'Article' => array(
			'id' => '6096',
			'article_category_id' => '1',
			'title' => 'Nepal Yet to Meet the Demand of Paddy Production',
			'sub_title' => '',
			'summary' => 'The total annual production of paddy in Nepal amounts to Rs 150 billion. ',
			'content' => '<p>June 29: The total annual production of paddy in Nepal amounts to Rs 150 billion. Therefore, the fluctuation in paddy production directly affects the Gross Domestic Product (GDP) of the country. Deputy Spokesperson of the Ministry of Agriculture Development, Shankar Sapkota, made such remarks during a function organized by Nepal Agriculture Journalists Association in the capital on Wednesday to mark the 14<sup>th</sup> National Paddy Day.</p>

<p>Of late, the agriculture sector has been contributing 29.4 percent of the total GDP of the country. According to the ministry, paddy constitutes 20 percent of the total agricultural products of the country.</p>

<p>Deputy Spokesperson Sapkota said that 5.4 million metric tons of paddy is estimated to be produced in the coming fiscal year.</p>

<p>Paddy expert Krishna Devkota said that there has been a decrease in paddy production due to lack of proper irrigation and manure management among various other things.</p>

<p>Out of the total 3 million hectares of arable land in Nepal, paddy production was done on 1.362 million hectares in the fiscal year 2015/2016, says Tilak Chaulagain, a project officer under the Prime Minister&rsquo;s Modernization Project. &nbsp;</p>

<p>During that period, 4.219 million metric tons of paddy was produced. According to Chaulagain, the amount of paddy produced in the country was less than the total demand of the country by 2 million metric tons. In the fiscal year 2015/16, the production of paddy was 3.15 metric tons per hectare. The country can be self reliant on paddy if the production is increased to 4.5 metric ton per hectare, says Chaulagain.</p>

<p>The project has a target of making the country self reliant on major crops within the next three years. In order to meet the target, the project has already created a super zone in Jhapa in the current fiscal year. Likewise, other five zones have also been set up especially for paddy in Kanchanpur, Kapilbastu, Pyuthan, Bardiya and Sarlahi. The project has also established 24 blocks in various districts for &nbsp;paddy production. He further informed that the project will create another paddy zone in Siraha in the coming fiscal year 2017/2018 with a view to increase production.</p>

<p>Nepal used to export paddy in the past but in the recent years Nepal has turned into importer. Currently, Nepal spends more than Rs 25 billion to import paddy and rice every year.</p>
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6110',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Chitwan',
			'sub_title' => '',
			'summary' => 'ICFC Finance has opened its branch at Jyotinagar of Chitwan district.',
			'content' => '<p>July 2: ICFC Finance has opened its branch at Jyotinagar of Chitwan district.</p>

<p>Sunil Panta, CEO of the bank, inaugurated the branch amid a program held on June 30.</p>

<p>With the addition, the bank is now providing financial services from 15 branches, one extension counter and 12 outlets. The bank is also planning to open its branch at Narayanghat in Chitwan in the near future.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-02',
			'modified' => '2017-07-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5894',
			'image' => '20170702021232_logo.jpg',
			'article_date' => '2017-07-02 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '6109',
			'article_category_id' => '1',
			'title' => 'NRB to Take Action Against BFIs Which do not Meet the Paid-up Capital Requirement',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. ',
			'content' => '<p>July 2: Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. The central bank has said it will 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. Two years ago, the NRB had brought a new monetary policy 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>NRB&rsquo;s Spokesperson Narayan Prasad Poudel issued such warning at a function organized by Kumari Bank to mark the beginning of its integrated transaction service on Friday after acquisition of three development banks and one financial institution.</p>

<p>According to Poudel, merger and acquisition has reduced the number of BFIs from 150 to 46 so far.</p>

<p>Speaking at the function, Governor of NRB Dr Chiranjivi Nepal said that the International Monetary Fund and the World Bank had suggested to the central bank eight years ago to increase the paid-up capital and the implementation of the plan has now become successful. &nbsp;</p>

<p>Governor Nepal said that the new ceiling of paid-up capital set by the central bank will help in improving the overall banking system of Nepal in the coming days. The new measures taken by the NRB has made large-scale investment possible, argued Governor Nepal.</p>

<p>&ldquo;Now, we don&rsquo;t have to depend solely upon donor agencies for large-scale investment,&rdquo; he said, adding, &ldquo;Banks and financial institutions will now have plenty of capital.&rdquo;</p>

<p>Governor Nepal also drew the attention of all stakeholders to expand the network of banking sector to various parts of the country since only 240 local units out of the total 744 units in the new federal setup have banking service.</p>

<p>Kumari Bank has started integrated transaction service since Friday after acquiring Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebhir Bikas Bank and Paschimacnhal Finance. Kumari Bank&rsquo;s operator Dr Shobhakant Dhakal said that the bank is still short of Rs 590 million to meet the paid-up capital requirement of Rs 8 billion even after acquiring the four new BFIs. Dhakal informed that the bank would meet the requirement by providing only 20 percent share bonus in the current fiscal year.</p>

<p>After the merger, Kumari Bank has appointed Surendra Bhandari as the new Chief Executive Officer. Now, the bank&rsquo;s deposit is Rs 52 billion while it has loaned out Rs 45 billion. &nbsp;</p>
',
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			'created' => '2017-07-02',
			'modified' => '2017-07-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5893',
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		'Article' => array(
			'id' => '6108',
			'article_category_id' => '1',
			'title' => 'NRN steps up effort in cleaning airport',
			'sub_title' => '',
			'summary' => 'Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA).',
			'content' => '<p>June 30: Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA). During the month-long campaign, NRN will provide training to the employees of the airport as well as cleaning materials. Skilled trainers and technicians from Australia-based Khem&rsquo;s Cleaning Service has been assisting the airport staff in this project.</p>

<p>NRN International Coordination Council&rsquo;s vice president and Nepal Tourism Promotion Committee&rsquo;s Chairman Bhavan Bhatta inaugurated the campaign by handing over the cleaning materials to Director General of Civil Aviation Authority of Nepal Sanjeev Gautam and TIA General Manager Devananda Upadhyay.</p>

<p>Stating that the first impression of foreigners toward Nepal starts once they step their foot on the airport, the NRN said it decided to step up its effort in cleaning the airport to maintain the dignity of the country which regards tourists as &lsquo;gods&rsquo;.</p>

<p>TIA General Manager Upadhyay said that cleanliness is a regular affair and this campaign would bear fruit only if it becomes sustainable. Director General of CAAN Upadhyay admitted that the airport authorities could not maintain proper cleanliness due to excessive number of passengers. He further said that the authorities have been relentless working to maintain the hygiene of the airport and that the collaboration with NRN has helped them in bringing some changes.</p>

<p>Operator of Khem&rsquo;s Cleaning Service, Khem Sharma, said that the outlook of the airport can be changed if they carry out cleanliness drive in a properly managed way.</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5892',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
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		'Article' => array(
			'id' => '6107',
			'article_category_id' => '1',
			'title' => 'Mega Bank Applies for Right Shares',
			'sub_title' => '',
			'summary' => 'Mega Bank has applied for issuance of 65 percent right shares at SEBON.',
			'content' => '<p>June 30: Mega Bank has applied for issuance of 65 percent right shares at SEBON. The bank had decided to issue 65 percent right shares during its last Annual General Meeting.</p>

<p>The bank has asked for the approval for issuing around 29.785 million units of right shares, informed CEO of the bank Anil Keshari Shah.</p>

<p>&nbsp;Nabil Investment Bank will be the issue manager for the issuance of right shares, the bank said in a press statement.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5891',
			'image' => '20170630040241_mega-bank.jpg',
			'article_date' => '2017-06-30 00:00:00',
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		'Article' => array(
			'id' => '6106',
			'article_category_id' => '1',
			'title' => '10 New Companies to Open up New Avenues in Insurance Market',
			'sub_title' => '',
			'summary' => 'With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.',
			'content' => '<p>June 30: With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.</p>

<p>Experts say that this will increase competition among the insurance companies and create more benefits for the policyholders. It is also expected to create more employment opportunities.</p>

<p>According to the Insurance Committee of Nepal, the number of life insurance companies will reach 19 after the additional 10 companies come into operation. Currently, there are nine life insurance companies and 17 non-life insurance companies as well as one reinsurance company in Nepal. However, the committee&#39;s statistics says that only seven per cent of people have access to insurance.</p>

<p>&quot;The statistics have only counted the surrender and more than one policies of each individual. So, the percentage is not more than five percent,&quot; says Ramesh Kumar Bhattarai, Former Executive Officer of Asian Life Insurance. &nbsp;</p>

<p>&nbsp;</p>

<p>The new companies are in the final stage of entering the market. Anticipating tough competition, both the operational life insurance companies as well as the new companies are preparing to come up with attractive policies and packages to woo their clients.</p>

<p>&nbsp;<strong>95 per cent people not insured</strong></p>

<p>According to Ramesh Kumar Bhattarai, former executive officer of Asian Life Insurance, 95 per cent of the total population is still out of reach from insurance.</p>

<p>&quot;This is definitely an opportunity for the insurance companies. So, they should utilise this prospect to increase the market for insurance,&quot; shared Bhatttarai.</p>

<p>According to Bijay Kumar Sarawagi, chairman of Asian Life Insurance, the insurance market has not fostered due to the lack of awareness about insurance among the people. He said that the government&#39;s unfriendly policy towards the insurance sector is one of the reasons that has been hindering the growth of this sector.</p>

<p>Sarawagi said that the government has set the insurance waiver ceiling at Rs 20,000 for income tax, which is very less.</p>

<p>&quot;In India, the waiver ceiling is Rs 100,000,&quot; he said, adding that addressing this problem would definitely help to improve this sector.</p>

<p>The insurance sector also lacks enough human resources. Experts believe that increase in the number of insurance companies will also create employment for many people.</p>

<p><strong>Employment for 27,000 people </strong></p>

<p>According to the operators of insurance companies, one insurance company requires around 200 employees and 2,500 insurance agents. Therefore, around 27,000 people will be required for 10 insurance companies. Sarawagi shared that as this business is dependent on insurance agents, they have a vital role to play in this sector.</p>

<p>&quot;There is no practice of online insurance here so far. So, the people purchase insurance on the basis of trust they build with the agent,&rdquo; he added.</p>

<p>According to the Insurance Committee, there are more than 75,000 insurance agents as of now. There are also quite a few number of passive agents in this sector. Experts say that the new companies entering the market might also bring changes in the passive agents.</p>

<p>Bhattarai said that though there are around 300 BFIs in Nepal, not more than 50 per cent citizens are have access to such institutions.</p>

<p>&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5890',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6105',
			'article_category_id' => '1',
			'title' => 'NEHUB organizes meet on business incubation',
			'sub_title' => '',
			'summary' => ' Nepal Entrepreneurs’ Hub (NEHUB) organized the 15th ‘Spark Talk and Meetups’ on June 27 to highlight about the international trend in business incubation.',
			'content' => '<p>June 30: Nepal Entrepreneurs&rsquo; Hub (NEHUB) organized the 15<sup>th</sup> &lsquo;Spark Talk and Meetups&rsquo; on June 27 to highlight about the international trend in business incubation.</p>

<p>Julian Webb, business incubation &lsquo;InfoDev&rsquo; consultant to World Bank and managing director of CREED Projects, shed light on international trends in incubation.</p>

<p>During the first session, the speaker talked about his experience in international trends in incubation. In the presence of important stakeholders from universities, incubation centers, business accelerators and innovation hubs contributing to the entrepreneurial ecosystem of the country, the program shed light on the challenges and opportunities that these institution face whilst operating in Nepal, reads a press statement issued by NEHUB.</p>

<p>&nbsp;&ldquo;We need to get our basics right first and then talk about disruptive innovation that takes place in Silicon Valley. Incubation centers operating in Nepal must capitalize on the opportunities that are already present in Nepal,&rdquo; said &nbsp;Rupesh Krishna Shrestha, assistant professor at Kathmandu University School of Management.&nbsp;</p>

<p>In addition, the programme also focused on discussions including key skill sets for entrepreneurs needed to go for incubation, importance of bootstrapping against venture capitalist in developing nation and importance of university-based incubation center.</p>

<p>&nbsp;</p>
',
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			'modified' => '2017-06-30',
			'keywords' => '',
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			'sortorder' => '5889',
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		'Article' => array(
			'id' => '6104',
			'article_category_id' => '1',
			'title' => 'IRD chief unable to furnish bail',
			'sub_title' => '',
			'summary' => 'June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department’s (IRD) Director General Chudamani Sharma. ',
			'content' => '<p>June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department&rsquo;s (IRD) Director General Chudamani Sharma. According to informed sources, Sharma is unlikely to furnish the bail amount. Sharma is currently under CIAA custody. He was arrested on June 2 for his alleged involvement in abetting various institutions and individuals in avoiding taxes.</p>

<p>CIAA Spokesperson Jeevraj Koirala said that the anti-graft body is preparing to investigate more than 1,000 files related to Sharma. According to him, the CIAA has already studied 125 files after the arrest of Sharma about a month ago. Sources at the CIAA informed that they found irregularities worth Rs 9 billion after studying those files. Investigations carried out so far have revealed Sharma&rsquo;s involvement in helping various people illegally avoid Rs 9 billion in taxes but the sources said the total embezzled amount cannot be ascertained without the completion of the investigations.</p>

<p>Sources said that the CIAA sought bail from Sharma since it would take quite some time for studying all the files.</p>

<p>&ldquo;Although we have asked for the bail, Sharma hasn&rsquo;t been able to submit the amount. &nbsp;He could have stayed away from the cell as long as the investigations are underway,&rdquo; said one of the sources.</p>

<p>Although other government employees at the IRD used to be transferred to various departments from time to time, Sharma had remained the director general of the office for a long period. He has been accused of soliciting support from power centers to remain in the post. Few years ago, the government had formed a tax clearance commission. Sharma was the member secretary of the commission while Lumba Dhwoj Mahat was the coordinator and Umesh Dhakal a member. The CIAA has publicly announced incentives for anyone who gives information regarding the whereabouts of Mahat and Dhakal.</p>

<p>There is a legal provision for the CIAA to keep anyone accused of corruption in prison for six months. However, the CIAA needs to take permission from the Special Court for that purpose. The anti-graft body also has to seek renewal order every month from the Special Court.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5888',
			'image' => '20170630122558_gsMzVQMW.jpg',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6103',
			'article_category_id' => '1',
			'title' => '3rd National BSchools Rating Ranking Awards 2017',
			'sub_title' => '',
			'summary' => 'Who is going to be the BEST B-SCHOOL of this year?',
			'content' => '<p><img alt="" class="img-responsive" src="/userfiles/images/bschool_full.jpg" /></p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5887',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '6102',
			'article_category_id' => '1',
			'title' => '14 Kms of Bagmati Corridor Road Completed',
			'sub_title' => '',
			'summary' => 'The High Powered Committee for Integrated Development of the Bagmati Civilisation has spent 56.68 percent amount of the allocated budget till mid-June. ',
			'content' => '<p>June 29: The High Powered Committee for Integrated Development of the Bagmati Civilisation&nbsp;has spent 56.68 percent amount of the allocated budget till mid-June. Out of Rs 100.44 billion allocated to Bagmati Area Physical Infrastructure Development Project under the committee, Rs 56.94 billion has been spent to construct infrastructures including roads, drainage and river embankments. &nbsp;</p>

<p>About 13.73 kilometres of another keenly-watched project under the committee, the Bagmati Corridor Road, has been completed so far. This project has been given special focus since a long time as it is considered vital in easing traffic congestion in Kathmandu and Lalitpur. The total length of the corridor is 17.61 kms.</p>

<p>The Bagmati Corridor Road stretches from Gokarneshwar Temple to Balkhu en route Tilganga, Sinamangal, Minbhavan, Shankhamul and Thapathali.</p>

<p>&quot;Only 3.88 kms of the corridor road is yet to be constructed,&quot; says Jyoti Kumar Shrestha, director of the project. &nbsp;He said that there is no separate project as such for Bagmati corridor but the roads are being constructed under the Bagmati Area Physical Infrastructure Development Project.</p>

<p>&ldquo;We have divided the corridor into various sections and the construction is underway in most of the places,&rdquo; he said.</p>

<p>&nbsp;</p>

<p>Out of 1,750 metres of the road section from Gokarneshwar to Guheswari, 1,250 metres has been completed. Similarly, the Tilganga-Sinamangal road section of the corridor has been completed as per the target. According to the project, 3,419 kilometres of the road which falls in the area has been completed. Also, 1,391 metres of Sinamangal-Minbhavan road section has also been completed.</p>

<p>However, the construction of Minbhawan-Shankhamul road section of the corridor almost ready. The road section is 6,600 metres long while construction of 6,570 metres has already finished. 1100 metres of Shankamul-Thapathali road section has been completed as per the target.&nbsp; Meanwhile, only 150 metres of Thapathali-Balkhu road section has been completed so far.</p>

<p>The agreement for construction of 2,500 metres Balkhu-Sundarighat road section was signed in 2013. However, no progress had been made in this section at all. The project has a target to complete 2,500 meters of the Bishnumati confluence-Shobha Bhagwati road section. The agreement for this road section was signed in 2014.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5886',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6101',
			'article_category_id' => '1',
			'title' => 'Slush Global Impact Accelerator Opens Application for Pitching Competition',
			'sub_title' => '',
			'summary' => 'Slush Global Impact Accelerator 2017 has opened applications for Nepali entrepreneurs to take part in a global event.',
			'content' => '<p>June 29: Slush Global Impact Accelerator 2017, a program initiated in collaboration with the Ministry for Foreign Affairs of Finland, has opened applications for Nepali entrepreneurs to take part in a global competition. The entrepreneurs will be required to pitch their business ideas out of which 15 applicants will be shortlisted. The ideas need to be solution driven which supports Sustainable Development Goals. The purpose of the event is to create a leading global program that supports Nepali startups looking to solve some of the most pressing global challenges and contributing to the discussion on impact investing.&nbsp;</p>

<p>The deadline for the application is July 31, 2017 followed by orientation for the entrepreneurs. The shortlisted participants will get to pitch their final ideas on August 17 where the finalists will be selected. The finalists will then get to pitch their ideas in the international bootcamp, Slush Global Impact Accelerator, in Helsinki, Finland in November.</p>

<p>The enterprises that wish to apply need to be legally registered and have at least a working prototype along with having revenue plus funding less than 1 million euros.</p>

<p>The event is being jointly organized by YoungInnovations, OULU University of Applied Sciences, Kathmandu University School of Management (KUSOM), King&rsquo;s College and Idea Studio. This is the second Slush GIA to be held in Nepal. Last year, two finalists, Honeyguide App and ICT for Agriculture got a chance to pitch their business plans at the global arena in Finland.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5885',
			'image' => '20170629031137_slush_GIA_eposter.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6100',
			'article_category_id' => '1',
			'title' => 'Himalayan Bank Installs CCTV Cameras in Maitidevi Temple Premises',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu. ',
			'content' => '<p>June 29: Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu today.</p>

<p>The bank as part of its CSR initiative&nbsp;handed over eight sets of high quality cameras and recording equipments to the temple administration amid a function held on Thursday for the security of religious heritage, reads a press statement issued by the bank.</p>

<p>The cameras can secure high resolution videos of all the activities round the clock around the temple premises for 18 days.</p>

<p>While handing over the cameras to Maitidevi Area Management Committee&rsquo;s member secretary Darshan Mahato, Himalayan Bank&rsquo;s Chairman Manoj Bahadur Shrestha expressed his belief that the installation of cameras would help in curbing unwanted activities around the temple area.</p>

<p>Director General of the Department of Archaeology, Bhes Narayan Dahal, was present during the function.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5884',
			'image' => '20170629020051_20170628_153653.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6099',
			'article_category_id' => '1',
			'title' => 'NCELL Provides Scholarships to SEE Students',
			'sub_title' => '',
			'summary' => ' NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its ‘Pahilo Sim’ campaign.',
			'content' => '<p>June 29: NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its &lsquo;Pahilo Sim&rsquo; campaign.</p>

<p>Under its first sim campaign, NCELL has provided partial scholarships of Rs 5,000 each to three top students from 16 different bridge course institutes.</p>

<p>NCELL will continue to provide such scholarships to outstanding students in the future as well, it said in a statement.</p>

<p>The students were selected for the scholarship based on their performance in internal exams conducted by the institutes.</p>

<p>Under this campaign, which is valid till June 30, the SEE appeared students can buy prepaid sim card just for Rs 1 which includes My 5 service that provides unlimited talk time to 5 NCELL numbers for 30 days.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5883',
			'image' => '20170629013444_Ncell-brand-logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6098',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Trishuli',
			'sub_title' => '',
			'summary' => ' ICFC Finance has opened its branch in Trishuli of Nuwakot district.',
			'content' => '<p>June 29: ICFC Finance has opened its branch in Trishuli of Nuwakot district. The finance company has upgraded its extension counter operating in Trishuli into the branch. Sunil Panta, CEO of the company, inaugurated the branch on June 28.</p>

<p>The extension counter was converted into branch with an objective of improving the economic condition of Nuwakot district, said Panta.</p>

<p>With the addition, the finance company has a total of 15 branches now. The finance company running on profit of Rs 180 million until mid-June in the current fiscal year, operates with a total of 12 ATM outlets. The finance company is also preparing to open another branch at Jyotinagar in Chitwan.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5882',
			'image' => '20170629012816_logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6097',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between BoK and NLG',
			'sub_title' => '',
			'summary' => ' Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.',
			'content' => '<p>June 29: Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.</p>

<p>The bank and the insurance company signed an agreement to this regard amid a program held on June 28.</p>

<p>According to the agreement, customers of the bank can subscribe to all non-life insurance-related services from any BoK branch throughout the country.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5881',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6096',
			'article_category_id' => '1',
			'title' => 'Nepal Yet to Meet the Demand of Paddy Production',
			'sub_title' => '',
			'summary' => 'The total annual production of paddy in Nepal amounts to Rs 150 billion. ',
			'content' => '<p>June 29: The total annual production of paddy in Nepal amounts to Rs 150 billion. Therefore, the fluctuation in paddy production directly affects the Gross Domestic Product (GDP) of the country. Deputy Spokesperson of the Ministry of Agriculture Development, Shankar Sapkota, made such remarks during a function organized by Nepal Agriculture Journalists Association in the capital on Wednesday to mark the 14<sup>th</sup> National Paddy Day.</p>

<p>Of late, the agriculture sector has been contributing 29.4 percent of the total GDP of the country. According to the ministry, paddy constitutes 20 percent of the total agricultural products of the country.</p>

<p>Deputy Spokesperson Sapkota said that 5.4 million metric tons of paddy is estimated to be produced in the coming fiscal year.</p>

<p>Paddy expert Krishna Devkota said that there has been a decrease in paddy production due to lack of proper irrigation and manure management among various other things.</p>

<p>Out of the total 3 million hectares of arable land in Nepal, paddy production was done on 1.362 million hectares in the fiscal year 2015/2016, says Tilak Chaulagain, a project officer under the Prime Minister&rsquo;s Modernization Project. &nbsp;</p>

<p>During that period, 4.219 million metric tons of paddy was produced. According to Chaulagain, the amount of paddy produced in the country was less than the total demand of the country by 2 million metric tons. In the fiscal year 2015/16, the production of paddy was 3.15 metric tons per hectare. The country can be self reliant on paddy if the production is increased to 4.5 metric ton per hectare, says Chaulagain.</p>

<p>The project has a target of making the country self reliant on major crops within the next three years. In order to meet the target, the project has already created a super zone in Jhapa in the current fiscal year. Likewise, other five zones have also been set up especially for paddy in Kanchanpur, Kapilbastu, Pyuthan, Bardiya and Sarlahi. The project has also established 24 blocks in various districts for &nbsp;paddy production. He further informed that the project will create another paddy zone in Siraha in the coming fiscal year 2017/2018 with a view to increase production.</p>

<p>Nepal used to export paddy in the past but in the recent years Nepal has turned into importer. Currently, Nepal spends more than Rs 25 billion to import paddy and rice every year.</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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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6110',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Chitwan',
			'sub_title' => '',
			'summary' => 'ICFC Finance has opened its branch at Jyotinagar of Chitwan district.',
			'content' => '<p>July 2: ICFC Finance has opened its branch at Jyotinagar of Chitwan district.</p>

<p>Sunil Panta, CEO of the bank, inaugurated the branch amid a program held on June 30.</p>

<p>With the addition, the bank is now providing financial services from 15 branches, one extension counter and 12 outlets. The bank is also planning to open its branch at Narayanghat in Chitwan in the near future.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-07-02',
			'modified' => '2017-07-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5894',
			'image' => '20170702021232_logo.jpg',
			'article_date' => '2017-07-02 00:00:00',
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		'Article' => array(
			'id' => '6109',
			'article_category_id' => '1',
			'title' => 'NRB to Take Action Against BFIs Which do not Meet the Paid-up Capital Requirement',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. ',
			'content' => '<p>July 2: Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. The central bank has said it will 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. Two years ago, the NRB had brought a new monetary policy 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>NRB&rsquo;s Spokesperson Narayan Prasad Poudel issued such warning at a function organized by Kumari Bank to mark the beginning of its integrated transaction service on Friday after acquisition of three development banks and one financial institution.</p>

<p>According to Poudel, merger and acquisition has reduced the number of BFIs from 150 to 46 so far.</p>

<p>Speaking at the function, Governor of NRB Dr Chiranjivi Nepal said that the International Monetary Fund and the World Bank had suggested to the central bank eight years ago to increase the paid-up capital and the implementation of the plan has now become successful. &nbsp;</p>

<p>Governor Nepal said that the new ceiling of paid-up capital set by the central bank will help in improving the overall banking system of Nepal in the coming days. The new measures taken by the NRB has made large-scale investment possible, argued Governor Nepal.</p>

<p>&ldquo;Now, we don&rsquo;t have to depend solely upon donor agencies for large-scale investment,&rdquo; he said, adding, &ldquo;Banks and financial institutions will now have plenty of capital.&rdquo;</p>

<p>Governor Nepal also drew the attention of all stakeholders to expand the network of banking sector to various parts of the country since only 240 local units out of the total 744 units in the new federal setup have banking service.</p>

<p>Kumari Bank has started integrated transaction service since Friday after acquiring Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebhir Bikas Bank and Paschimacnhal Finance. Kumari Bank&rsquo;s operator Dr Shobhakant Dhakal said that the bank is still short of Rs 590 million to meet the paid-up capital requirement of Rs 8 billion even after acquiring the four new BFIs. Dhakal informed that the bank would meet the requirement by providing only 20 percent share bonus in the current fiscal year.</p>

<p>After the merger, Kumari Bank has appointed Surendra Bhandari as the new Chief Executive Officer. Now, the bank&rsquo;s deposit is Rs 52 billion while it has loaned out Rs 45 billion. &nbsp;</p>
',
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			'created' => '2017-07-02',
			'modified' => '2017-07-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5893',
			'image' => null,
			'article_date' => '2017-07-02 00:00:00',
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		'Article' => array(
			'id' => '6108',
			'article_category_id' => '1',
			'title' => 'NRN steps up effort in cleaning airport',
			'sub_title' => '',
			'summary' => 'Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA).',
			'content' => '<p>June 30: Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA). During the month-long campaign, NRN will provide training to the employees of the airport as well as cleaning materials. Skilled trainers and technicians from Australia-based Khem&rsquo;s Cleaning Service has been assisting the airport staff in this project.</p>

<p>NRN International Coordination Council&rsquo;s vice president and Nepal Tourism Promotion Committee&rsquo;s Chairman Bhavan Bhatta inaugurated the campaign by handing over the cleaning materials to Director General of Civil Aviation Authority of Nepal Sanjeev Gautam and TIA General Manager Devananda Upadhyay.</p>

<p>Stating that the first impression of foreigners toward Nepal starts once they step their foot on the airport, the NRN said it decided to step up its effort in cleaning the airport to maintain the dignity of the country which regards tourists as &lsquo;gods&rsquo;.</p>

<p>TIA General Manager Upadhyay said that cleanliness is a regular affair and this campaign would bear fruit only if it becomes sustainable. Director General of CAAN Upadhyay admitted that the airport authorities could not maintain proper cleanliness due to excessive number of passengers. He further said that the authorities have been relentless working to maintain the hygiene of the airport and that the collaboration with NRN has helped them in bringing some changes.</p>

<p>Operator of Khem&rsquo;s Cleaning Service, Khem Sharma, said that the outlook of the airport can be changed if they carry out cleanliness drive in a properly managed way.</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5892',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6107',
			'article_category_id' => '1',
			'title' => 'Mega Bank Applies for Right Shares',
			'sub_title' => '',
			'summary' => 'Mega Bank has applied for issuance of 65 percent right shares at SEBON.',
			'content' => '<p>June 30: Mega Bank has applied for issuance of 65 percent right shares at SEBON. The bank had decided to issue 65 percent right shares during its last Annual General Meeting.</p>

<p>The bank has asked for the approval for issuing around 29.785 million units of right shares, informed CEO of the bank Anil Keshari Shah.</p>

<p>&nbsp;Nabil Investment Bank will be the issue manager for the issuance of right shares, the bank said in a press statement.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5891',
			'image' => '20170630040241_mega-bank.jpg',
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6106',
			'article_category_id' => '1',
			'title' => '10 New Companies to Open up New Avenues in Insurance Market',
			'sub_title' => '',
			'summary' => 'With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.',
			'content' => '<p>June 30: With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.</p>

<p>Experts say that this will increase competition among the insurance companies and create more benefits for the policyholders. It is also expected to create more employment opportunities.</p>

<p>According to the Insurance Committee of Nepal, the number of life insurance companies will reach 19 after the additional 10 companies come into operation. Currently, there are nine life insurance companies and 17 non-life insurance companies as well as one reinsurance company in Nepal. However, the committee&#39;s statistics says that only seven per cent of people have access to insurance.</p>

<p>&quot;The statistics have only counted the surrender and more than one policies of each individual. So, the percentage is not more than five percent,&quot; says Ramesh Kumar Bhattarai, Former Executive Officer of Asian Life Insurance. &nbsp;</p>

<p>&nbsp;</p>

<p>The new companies are in the final stage of entering the market. Anticipating tough competition, both the operational life insurance companies as well as the new companies are preparing to come up with attractive policies and packages to woo their clients.</p>

<p>&nbsp;<strong>95 per cent people not insured</strong></p>

<p>According to Ramesh Kumar Bhattarai, former executive officer of Asian Life Insurance, 95 per cent of the total population is still out of reach from insurance.</p>

<p>&quot;This is definitely an opportunity for the insurance companies. So, they should utilise this prospect to increase the market for insurance,&quot; shared Bhatttarai.</p>

<p>According to Bijay Kumar Sarawagi, chairman of Asian Life Insurance, the insurance market has not fostered due to the lack of awareness about insurance among the people. He said that the government&#39;s unfriendly policy towards the insurance sector is one of the reasons that has been hindering the growth of this sector.</p>

<p>Sarawagi said that the government has set the insurance waiver ceiling at Rs 20,000 for income tax, which is very less.</p>

<p>&quot;In India, the waiver ceiling is Rs 100,000,&quot; he said, adding that addressing this problem would definitely help to improve this sector.</p>

<p>The insurance sector also lacks enough human resources. Experts believe that increase in the number of insurance companies will also create employment for many people.</p>

<p><strong>Employment for 27,000 people </strong></p>

<p>According to the operators of insurance companies, one insurance company requires around 200 employees and 2,500 insurance agents. Therefore, around 27,000 people will be required for 10 insurance companies. Sarawagi shared that as this business is dependent on insurance agents, they have a vital role to play in this sector.</p>

<p>&quot;There is no practice of online insurance here so far. So, the people purchase insurance on the basis of trust they build with the agent,&rdquo; he added.</p>

<p>According to the Insurance Committee, there are more than 75,000 insurance agents as of now. There are also quite a few number of passive agents in this sector. Experts say that the new companies entering the market might also bring changes in the passive agents.</p>

<p>Bhattarai said that though there are around 300 BFIs in Nepal, not more than 50 per cent citizens are have access to such institutions.</p>

<p>&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5890',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6105',
			'article_category_id' => '1',
			'title' => 'NEHUB organizes meet on business incubation',
			'sub_title' => '',
			'summary' => ' Nepal Entrepreneurs’ Hub (NEHUB) organized the 15th ‘Spark Talk and Meetups’ on June 27 to highlight about the international trend in business incubation.',
			'content' => '<p>June 30: Nepal Entrepreneurs&rsquo; Hub (NEHUB) organized the 15<sup>th</sup> &lsquo;Spark Talk and Meetups&rsquo; on June 27 to highlight about the international trend in business incubation.</p>

<p>Julian Webb, business incubation &lsquo;InfoDev&rsquo; consultant to World Bank and managing director of CREED Projects, shed light on international trends in incubation.</p>

<p>During the first session, the speaker talked about his experience in international trends in incubation. In the presence of important stakeholders from universities, incubation centers, business accelerators and innovation hubs contributing to the entrepreneurial ecosystem of the country, the program shed light on the challenges and opportunities that these institution face whilst operating in Nepal, reads a press statement issued by NEHUB.</p>

<p>&nbsp;&ldquo;We need to get our basics right first and then talk about disruptive innovation that takes place in Silicon Valley. Incubation centers operating in Nepal must capitalize on the opportunities that are already present in Nepal,&rdquo; said &nbsp;Rupesh Krishna Shrestha, assistant professor at Kathmandu University School of Management.&nbsp;</p>

<p>In addition, the programme also focused on discussions including key skill sets for entrepreneurs needed to go for incubation, importance of bootstrapping against venture capitalist in developing nation and importance of university-based incubation center.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5889',
			'image' => '20170630023349_nehub.jpg',
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6104',
			'article_category_id' => '1',
			'title' => 'IRD chief unable to furnish bail',
			'sub_title' => '',
			'summary' => 'June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department’s (IRD) Director General Chudamani Sharma. ',
			'content' => '<p>June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department&rsquo;s (IRD) Director General Chudamani Sharma. According to informed sources, Sharma is unlikely to furnish the bail amount. Sharma is currently under CIAA custody. He was arrested on June 2 for his alleged involvement in abetting various institutions and individuals in avoiding taxes.</p>

<p>CIAA Spokesperson Jeevraj Koirala said that the anti-graft body is preparing to investigate more than 1,000 files related to Sharma. According to him, the CIAA has already studied 125 files after the arrest of Sharma about a month ago. Sources at the CIAA informed that they found irregularities worth Rs 9 billion after studying those files. Investigations carried out so far have revealed Sharma&rsquo;s involvement in helping various people illegally avoid Rs 9 billion in taxes but the sources said the total embezzled amount cannot be ascertained without the completion of the investigations.</p>

<p>Sources said that the CIAA sought bail from Sharma since it would take quite some time for studying all the files.</p>

<p>&ldquo;Although we have asked for the bail, Sharma hasn&rsquo;t been able to submit the amount. &nbsp;He could have stayed away from the cell as long as the investigations are underway,&rdquo; said one of the sources.</p>

<p>Although other government employees at the IRD used to be transferred to various departments from time to time, Sharma had remained the director general of the office for a long period. He has been accused of soliciting support from power centers to remain in the post. Few years ago, the government had formed a tax clearance commission. Sharma was the member secretary of the commission while Lumba Dhwoj Mahat was the coordinator and Umesh Dhakal a member. The CIAA has publicly announced incentives for anyone who gives information regarding the whereabouts of Mahat and Dhakal.</p>

<p>There is a legal provision for the CIAA to keep anyone accused of corruption in prison for six months. However, the CIAA needs to take permission from the Special Court for that purpose. The anti-graft body also has to seek renewal order every month from the Special Court.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5888',
			'image' => '20170630122558_gsMzVQMW.jpg',
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6103',
			'article_category_id' => '1',
			'title' => '3rd National BSchools Rating Ranking Awards 2017',
			'sub_title' => '',
			'summary' => 'Who is going to be the BEST B-SCHOOL of this year?',
			'content' => '<p><img alt="" class="img-responsive" src="/userfiles/images/bschool_full.jpg" /></p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5887',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => false,
			'in_scroller' => false,
			'user_id' => '1'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6102',
			'article_category_id' => '1',
			'title' => '14 Kms of Bagmati Corridor Road Completed',
			'sub_title' => '',
			'summary' => 'The High Powered Committee for Integrated Development of the Bagmati Civilisation has spent 56.68 percent amount of the allocated budget till mid-June. ',
			'content' => '<p>June 29: The High Powered Committee for Integrated Development of the Bagmati Civilisation&nbsp;has spent 56.68 percent amount of the allocated budget till mid-June. Out of Rs 100.44 billion allocated to Bagmati Area Physical Infrastructure Development Project under the committee, Rs 56.94 billion has been spent to construct infrastructures including roads, drainage and river embankments. &nbsp;</p>

<p>About 13.73 kilometres of another keenly-watched project under the committee, the Bagmati Corridor Road, has been completed so far. This project has been given special focus since a long time as it is considered vital in easing traffic congestion in Kathmandu and Lalitpur. The total length of the corridor is 17.61 kms.</p>

<p>The Bagmati Corridor Road stretches from Gokarneshwar Temple to Balkhu en route Tilganga, Sinamangal, Minbhavan, Shankhamul and Thapathali.</p>

<p>&quot;Only 3.88 kms of the corridor road is yet to be constructed,&quot; says Jyoti Kumar Shrestha, director of the project. &nbsp;He said that there is no separate project as such for Bagmati corridor but the roads are being constructed under the Bagmati Area Physical Infrastructure Development Project.</p>

<p>&ldquo;We have divided the corridor into various sections and the construction is underway in most of the places,&rdquo; he said.</p>

<p>&nbsp;</p>

<p>Out of 1,750 metres of the road section from Gokarneshwar to Guheswari, 1,250 metres has been completed. Similarly, the Tilganga-Sinamangal road section of the corridor has been completed as per the target. According to the project, 3,419 kilometres of the road which falls in the area has been completed. Also, 1,391 metres of Sinamangal-Minbhavan road section has also been completed.</p>

<p>However, the construction of Minbhawan-Shankhamul road section of the corridor almost ready. The road section is 6,600 metres long while construction of 6,570 metres has already finished. 1100 metres of Shankamul-Thapathali road section has been completed as per the target.&nbsp; Meanwhile, only 150 metres of Thapathali-Balkhu road section has been completed so far.</p>

<p>The agreement for construction of 2,500 metres Balkhu-Sundarighat road section was signed in 2013. However, no progress had been made in this section at all. The project has a target to complete 2,500 meters of the Bishnumati confluence-Shobha Bhagwati road section. The agreement for this road section was signed in 2014.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5886',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6101',
			'article_category_id' => '1',
			'title' => 'Slush Global Impact Accelerator Opens Application for Pitching Competition',
			'sub_title' => '',
			'summary' => 'Slush Global Impact Accelerator 2017 has opened applications for Nepali entrepreneurs to take part in a global event.',
			'content' => '<p>June 29: Slush Global Impact Accelerator 2017, a program initiated in collaboration with the Ministry for Foreign Affairs of Finland, has opened applications for Nepali entrepreneurs to take part in a global competition. The entrepreneurs will be required to pitch their business ideas out of which 15 applicants will be shortlisted. The ideas need to be solution driven which supports Sustainable Development Goals. The purpose of the event is to create a leading global program that supports Nepali startups looking to solve some of the most pressing global challenges and contributing to the discussion on impact investing.&nbsp;</p>

<p>The deadline for the application is July 31, 2017 followed by orientation for the entrepreneurs. The shortlisted participants will get to pitch their final ideas on August 17 where the finalists will be selected. The finalists will then get to pitch their ideas in the international bootcamp, Slush Global Impact Accelerator, in Helsinki, Finland in November.</p>

<p>The enterprises that wish to apply need to be legally registered and have at least a working prototype along with having revenue plus funding less than 1 million euros.</p>

<p>The event is being jointly organized by YoungInnovations, OULU University of Applied Sciences, Kathmandu University School of Management (KUSOM), King&rsquo;s College and Idea Studio. This is the second Slush GIA to be held in Nepal. Last year, two finalists, Honeyguide App and ICT for Agriculture got a chance to pitch their business plans at the global arena in Finland.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5885',
			'image' => '20170629031137_slush_GIA_eposter.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6100',
			'article_category_id' => '1',
			'title' => 'Himalayan Bank Installs CCTV Cameras in Maitidevi Temple Premises',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu. ',
			'content' => '<p>June 29: Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu today.</p>

<p>The bank as part of its CSR initiative&nbsp;handed over eight sets of high quality cameras and recording equipments to the temple administration amid a function held on Thursday for the security of religious heritage, reads a press statement issued by the bank.</p>

<p>The cameras can secure high resolution videos of all the activities round the clock around the temple premises for 18 days.</p>

<p>While handing over the cameras to Maitidevi Area Management Committee&rsquo;s member secretary Darshan Mahato, Himalayan Bank&rsquo;s Chairman Manoj Bahadur Shrestha expressed his belief that the installation of cameras would help in curbing unwanted activities around the temple area.</p>

<p>Director General of the Department of Archaeology, Bhes Narayan Dahal, was present during the function.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5884',
			'image' => '20170629020051_20170628_153653.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6099',
			'article_category_id' => '1',
			'title' => 'NCELL Provides Scholarships to SEE Students',
			'sub_title' => '',
			'summary' => ' NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its ‘Pahilo Sim’ campaign.',
			'content' => '<p>June 29: NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its &lsquo;Pahilo Sim&rsquo; campaign.</p>

<p>Under its first sim campaign, NCELL has provided partial scholarships of Rs 5,000 each to three top students from 16 different bridge course institutes.</p>

<p>NCELL will continue to provide such scholarships to outstanding students in the future as well, it said in a statement.</p>

<p>The students were selected for the scholarship based on their performance in internal exams conducted by the institutes.</p>

<p>Under this campaign, which is valid till June 30, the SEE appeared students can buy prepaid sim card just for Rs 1 which includes My 5 service that provides unlimited talk time to 5 NCELL numbers for 30 days.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5883',
			'image' => '20170629013444_Ncell-brand-logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6098',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Trishuli',
			'sub_title' => '',
			'summary' => ' ICFC Finance has opened its branch in Trishuli of Nuwakot district.',
			'content' => '<p>June 29: ICFC Finance has opened its branch in Trishuli of Nuwakot district. The finance company has upgraded its extension counter operating in Trishuli into the branch. Sunil Panta, CEO of the company, inaugurated the branch on June 28.</p>

<p>The extension counter was converted into branch with an objective of improving the economic condition of Nuwakot district, said Panta.</p>

<p>With the addition, the finance company has a total of 15 branches now. The finance company running on profit of Rs 180 million until mid-June in the current fiscal year, operates with a total of 12 ATM outlets. The finance company is also preparing to open another branch at Jyotinagar in Chitwan.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5882',
			'image' => '20170629012816_logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6097',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between BoK and NLG',
			'sub_title' => '',
			'summary' => ' Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.',
			'content' => '<p>June 29: Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.</p>

<p>The bank and the insurance company signed an agreement to this regard amid a program held on June 28.</p>

<p>According to the agreement, customers of the bank can subscribe to all non-life insurance-related services from any BoK branch throughout the country.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5881',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6096',
			'article_category_id' => '1',
			'title' => 'Nepal Yet to Meet the Demand of Paddy Production',
			'sub_title' => '',
			'summary' => 'The total annual production of paddy in Nepal amounts to Rs 150 billion. ',
			'content' => '<p>June 29: The total annual production of paddy in Nepal amounts to Rs 150 billion. Therefore, the fluctuation in paddy production directly affects the Gross Domestic Product (GDP) of the country. Deputy Spokesperson of the Ministry of Agriculture Development, Shankar Sapkota, made such remarks during a function organized by Nepal Agriculture Journalists Association in the capital on Wednesday to mark the 14<sup>th</sup> National Paddy Day.</p>

<p>Of late, the agriculture sector has been contributing 29.4 percent of the total GDP of the country. According to the ministry, paddy constitutes 20 percent of the total agricultural products of the country.</p>

<p>Deputy Spokesperson Sapkota said that 5.4 million metric tons of paddy is estimated to be produced in the coming fiscal year.</p>

<p>Paddy expert Krishna Devkota said that there has been a decrease in paddy production due to lack of proper irrigation and manure management among various other things.</p>

<p>Out of the total 3 million hectares of arable land in Nepal, paddy production was done on 1.362 million hectares in the fiscal year 2015/2016, says Tilak Chaulagain, a project officer under the Prime Minister&rsquo;s Modernization Project. &nbsp;</p>

<p>During that period, 4.219 million metric tons of paddy was produced. According to Chaulagain, the amount of paddy produced in the country was less than the total demand of the country by 2 million metric tons. In the fiscal year 2015/16, the production of paddy was 3.15 metric tons per hectare. The country can be self reliant on paddy if the production is increased to 4.5 metric ton per hectare, says Chaulagain.</p>

<p>The project has a target of making the country self reliant on major crops within the next three years. In order to meet the target, the project has already created a super zone in Jhapa in the current fiscal year. Likewise, other five zones have also been set up especially for paddy in Kanchanpur, Kapilbastu, Pyuthan, Bardiya and Sarlahi. The project has also established 24 blocks in various districts for &nbsp;paddy production. He further informed that the project will create another paddy zone in Siraha in the coming fiscal year 2017/2018 with a view to increase production.</p>

<p>Nepal used to export paddy in the past but in the recent years Nepal has turned into importer. Currently, Nepal spends more than Rs 25 billion to import paddy and rice every year.</p>
',
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			'created' => '2017-06-29',
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View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '6110',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Chitwan',
			'sub_title' => '',
			'summary' => 'ICFC Finance has opened its branch at Jyotinagar of Chitwan district.',
			'content' => '<p>July 2: ICFC Finance has opened its branch at Jyotinagar of Chitwan district.</p>

<p>Sunil Panta, CEO of the bank, inaugurated the branch amid a program held on June 30.</p>

<p>With the addition, the bank is now providing financial services from 15 branches, one extension counter and 12 outlets. The bank is also planning to open its branch at Narayanghat in Chitwan in the near future.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-07-02',
			'modified' => '2017-07-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5894',
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			'article_date' => '2017-07-02 00:00:00',
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		'Article' => array(
			'id' => '6109',
			'article_category_id' => '1',
			'title' => 'NRB to Take Action Against BFIs Which do not Meet the Paid-up Capital Requirement',
			'sub_title' => '',
			'summary' => 'Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. ',
			'content' => '<p>July 2: Nepal Rastra Bank (NRB) has warned banks and financial institutions (BFIs) of stern action if they fail to meet the paid-up capital requirement by mid-July. The central bank has said it will 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. Two years ago, the NRB had brought a new monetary policy 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>NRB&rsquo;s Spokesperson Narayan Prasad Poudel issued such warning at a function organized by Kumari Bank to mark the beginning of its integrated transaction service on Friday after acquisition of three development banks and one financial institution.</p>

<p>According to Poudel, merger and acquisition has reduced the number of BFIs from 150 to 46 so far.</p>

<p>Speaking at the function, Governor of NRB Dr Chiranjivi Nepal said that the International Monetary Fund and the World Bank had suggested to the central bank eight years ago to increase the paid-up capital and the implementation of the plan has now become successful. &nbsp;</p>

<p>Governor Nepal said that the new ceiling of paid-up capital set by the central bank will help in improving the overall banking system of Nepal in the coming days. The new measures taken by the NRB has made large-scale investment possible, argued Governor Nepal.</p>

<p>&ldquo;Now, we don&rsquo;t have to depend solely upon donor agencies for large-scale investment,&rdquo; he said, adding, &ldquo;Banks and financial institutions will now have plenty of capital.&rdquo;</p>

<p>Governor Nepal also drew the attention of all stakeholders to expand the network of banking sector to various parts of the country since only 240 local units out of the total 744 units in the new federal setup have banking service.</p>

<p>Kumari Bank has started integrated transaction service since Friday after acquiring Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebhir Bikas Bank and Paschimacnhal Finance. Kumari Bank&rsquo;s operator Dr Shobhakant Dhakal said that the bank is still short of Rs 590 million to meet the paid-up capital requirement of Rs 8 billion even after acquiring the four new BFIs. Dhakal informed that the bank would meet the requirement by providing only 20 percent share bonus in the current fiscal year.</p>

<p>After the merger, Kumari Bank has appointed Surendra Bhandari as the new Chief Executive Officer. Now, the bank&rsquo;s deposit is Rs 52 billion while it has loaned out Rs 45 billion. &nbsp;</p>
',
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			'created' => '2017-07-02',
			'modified' => '2017-07-02',
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			'sortorder' => '5893',
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		'Article' => array(
			'id' => '6108',
			'article_category_id' => '1',
			'title' => 'NRN steps up effort in cleaning airport',
			'sub_title' => '',
			'summary' => 'Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA).',
			'content' => '<p>June 30: Non Residential Nepalis (NRNs) have launched a campaign to clean up Tribhuvan International Airport (TIA). During the month-long campaign, NRN will provide training to the employees of the airport as well as cleaning materials. Skilled trainers and technicians from Australia-based Khem&rsquo;s Cleaning Service has been assisting the airport staff in this project.</p>

<p>NRN International Coordination Council&rsquo;s vice president and Nepal Tourism Promotion Committee&rsquo;s Chairman Bhavan Bhatta inaugurated the campaign by handing over the cleaning materials to Director General of Civil Aviation Authority of Nepal Sanjeev Gautam and TIA General Manager Devananda Upadhyay.</p>

<p>Stating that the first impression of foreigners toward Nepal starts once they step their foot on the airport, the NRN said it decided to step up its effort in cleaning the airport to maintain the dignity of the country which regards tourists as &lsquo;gods&rsquo;.</p>

<p>TIA General Manager Upadhyay said that cleanliness is a regular affair and this campaign would bear fruit only if it becomes sustainable. Director General of CAAN Upadhyay admitted that the airport authorities could not maintain proper cleanliness due to excessive number of passengers. He further said that the authorities have been relentless working to maintain the hygiene of the airport and that the collaboration with NRN has helped them in bringing some changes.</p>

<p>Operator of Khem&rsquo;s Cleaning Service, Khem Sharma, said that the outlook of the airport can be changed if they carry out cleanliness drive in a properly managed way.</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5892',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
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		'Article' => array(
			'id' => '6107',
			'article_category_id' => '1',
			'title' => 'Mega Bank Applies for Right Shares',
			'sub_title' => '',
			'summary' => 'Mega Bank has applied for issuance of 65 percent right shares at SEBON.',
			'content' => '<p>June 30: Mega Bank has applied for issuance of 65 percent right shares at SEBON. The bank had decided to issue 65 percent right shares during its last Annual General Meeting.</p>

<p>The bank has asked for the approval for issuing around 29.785 million units of right shares, informed CEO of the bank Anil Keshari Shah.</p>

<p>&nbsp;Nabil Investment Bank will be the issue manager for the issuance of right shares, the bank said in a press statement.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5891',
			'image' => '20170630040241_mega-bank.jpg',
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		'Article' => array(
			'id' => '6106',
			'article_category_id' => '1',
			'title' => '10 New Companies to Open up New Avenues in Insurance Market',
			'sub_title' => '',
			'summary' => 'With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.',
			'content' => '<p>June 30: With 10 new life insurance companies about to hit the market, the overall business of the country as well as the concerned sector is expected to witness some good prospects in the near future.</p>

<p>Experts say that this will increase competition among the insurance companies and create more benefits for the policyholders. It is also expected to create more employment opportunities.</p>

<p>According to the Insurance Committee of Nepal, the number of life insurance companies will reach 19 after the additional 10 companies come into operation. Currently, there are nine life insurance companies and 17 non-life insurance companies as well as one reinsurance company in Nepal. However, the committee&#39;s statistics says that only seven per cent of people have access to insurance.</p>

<p>&quot;The statistics have only counted the surrender and more than one policies of each individual. So, the percentage is not more than five percent,&quot; says Ramesh Kumar Bhattarai, Former Executive Officer of Asian Life Insurance. &nbsp;</p>

<p>&nbsp;</p>

<p>The new companies are in the final stage of entering the market. Anticipating tough competition, both the operational life insurance companies as well as the new companies are preparing to come up with attractive policies and packages to woo their clients.</p>

<p>&nbsp;<strong>95 per cent people not insured</strong></p>

<p>According to Ramesh Kumar Bhattarai, former executive officer of Asian Life Insurance, 95 per cent of the total population is still out of reach from insurance.</p>

<p>&quot;This is definitely an opportunity for the insurance companies. So, they should utilise this prospect to increase the market for insurance,&quot; shared Bhatttarai.</p>

<p>According to Bijay Kumar Sarawagi, chairman of Asian Life Insurance, the insurance market has not fostered due to the lack of awareness about insurance among the people. He said that the government&#39;s unfriendly policy towards the insurance sector is one of the reasons that has been hindering the growth of this sector.</p>

<p>Sarawagi said that the government has set the insurance waiver ceiling at Rs 20,000 for income tax, which is very less.</p>

<p>&quot;In India, the waiver ceiling is Rs 100,000,&quot; he said, adding that addressing this problem would definitely help to improve this sector.</p>

<p>The insurance sector also lacks enough human resources. Experts believe that increase in the number of insurance companies will also create employment for many people.</p>

<p><strong>Employment for 27,000 people </strong></p>

<p>According to the operators of insurance companies, one insurance company requires around 200 employees and 2,500 insurance agents. Therefore, around 27,000 people will be required for 10 insurance companies. Sarawagi shared that as this business is dependent on insurance agents, they have a vital role to play in this sector.</p>

<p>&quot;There is no practice of online insurance here so far. So, the people purchase insurance on the basis of trust they build with the agent,&rdquo; he added.</p>

<p>According to the Insurance Committee, there are more than 75,000 insurance agents as of now. There are also quite a few number of passive agents in this sector. Experts say that the new companies entering the market might also bring changes in the passive agents.</p>

<p>Bhattarai said that though there are around 300 BFIs in Nepal, not more than 50 per cent citizens are have access to such institutions.</p>

<p>&nbsp;&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '5890',
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		'Article' => array(
			'id' => '6105',
			'article_category_id' => '1',
			'title' => 'NEHUB organizes meet on business incubation',
			'sub_title' => '',
			'summary' => ' Nepal Entrepreneurs’ Hub (NEHUB) organized the 15th ‘Spark Talk and Meetups’ on June 27 to highlight about the international trend in business incubation.',
			'content' => '<p>June 30: Nepal Entrepreneurs&rsquo; Hub (NEHUB) organized the 15<sup>th</sup> &lsquo;Spark Talk and Meetups&rsquo; on June 27 to highlight about the international trend in business incubation.</p>

<p>Julian Webb, business incubation &lsquo;InfoDev&rsquo; consultant to World Bank and managing director of CREED Projects, shed light on international trends in incubation.</p>

<p>During the first session, the speaker talked about his experience in international trends in incubation. In the presence of important stakeholders from universities, incubation centers, business accelerators and innovation hubs contributing to the entrepreneurial ecosystem of the country, the program shed light on the challenges and opportunities that these institution face whilst operating in Nepal, reads a press statement issued by NEHUB.</p>

<p>&nbsp;&ldquo;We need to get our basics right first and then talk about disruptive innovation that takes place in Silicon Valley. Incubation centers operating in Nepal must capitalize on the opportunities that are already present in Nepal,&rdquo; said &nbsp;Rupesh Krishna Shrestha, assistant professor at Kathmandu University School of Management.&nbsp;</p>

<p>In addition, the programme also focused on discussions including key skill sets for entrepreneurs needed to go for incubation, importance of bootstrapping against venture capitalist in developing nation and importance of university-based incubation center.</p>

<p>&nbsp;</p>
',
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			'sortorder' => '5889',
			'image' => '20170630023349_nehub.jpg',
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		'Article' => array(
			'id' => '6104',
			'article_category_id' => '1',
			'title' => 'IRD chief unable to furnish bail',
			'sub_title' => '',
			'summary' => 'June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department’s (IRD) Director General Chudamani Sharma. ',
			'content' => '<p>June 30: The Commission for the Investigation of Abuse of Authority (CIAA) has demanded a bail amount of Rs 3 billion from Inland Revenue Department&rsquo;s (IRD) Director General Chudamani Sharma. According to informed sources, Sharma is unlikely to furnish the bail amount. Sharma is currently under CIAA custody. He was arrested on June 2 for his alleged involvement in abetting various institutions and individuals in avoiding taxes.</p>

<p>CIAA Spokesperson Jeevraj Koirala said that the anti-graft body is preparing to investigate more than 1,000 files related to Sharma. According to him, the CIAA has already studied 125 files after the arrest of Sharma about a month ago. Sources at the CIAA informed that they found irregularities worth Rs 9 billion after studying those files. Investigations carried out so far have revealed Sharma&rsquo;s involvement in helping various people illegally avoid Rs 9 billion in taxes but the sources said the total embezzled amount cannot be ascertained without the completion of the investigations.</p>

<p>Sources said that the CIAA sought bail from Sharma since it would take quite some time for studying all the files.</p>

<p>&ldquo;Although we have asked for the bail, Sharma hasn&rsquo;t been able to submit the amount. &nbsp;He could have stayed away from the cell as long as the investigations are underway,&rdquo; said one of the sources.</p>

<p>Although other government employees at the IRD used to be transferred to various departments from time to time, Sharma had remained the director general of the office for a long period. He has been accused of soliciting support from power centers to remain in the post. Few years ago, the government had formed a tax clearance commission. Sharma was the member secretary of the commission while Lumba Dhwoj Mahat was the coordinator and Umesh Dhakal a member. The CIAA has publicly announced incentives for anyone who gives information regarding the whereabouts of Mahat and Dhakal.</p>

<p>There is a legal provision for the CIAA to keep anyone accused of corruption in prison for six months. However, the CIAA needs to take permission from the Special Court for that purpose. The anti-graft body also has to seek renewal order every month from the Special Court.&nbsp;</p>
',
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			'id' => '6103',
			'article_category_id' => '1',
			'title' => '3rd National BSchools Rating Ranking Awards 2017',
			'sub_title' => '',
			'summary' => 'Who is going to be the BEST B-SCHOOL of this year?',
			'content' => '<p><img alt="" class="img-responsive" src="/userfiles/images/bschool_full.jpg" /></p>
',
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			'created' => '2017-06-30',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5887',
			'image' => null,
			'article_date' => '2017-06-30 00:00:00',
			'homepage' => false,
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			'in_scroller' => false,
			'user_id' => '1'
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		'Article' => array(
			'id' => '6102',
			'article_category_id' => '1',
			'title' => '14 Kms of Bagmati Corridor Road Completed',
			'sub_title' => '',
			'summary' => 'The High Powered Committee for Integrated Development of the Bagmati Civilisation has spent 56.68 percent amount of the allocated budget till mid-June. ',
			'content' => '<p>June 29: The High Powered Committee for Integrated Development of the Bagmati Civilisation&nbsp;has spent 56.68 percent amount of the allocated budget till mid-June. Out of Rs 100.44 billion allocated to Bagmati Area Physical Infrastructure Development Project under the committee, Rs 56.94 billion has been spent to construct infrastructures including roads, drainage and river embankments. &nbsp;</p>

<p>About 13.73 kilometres of another keenly-watched project under the committee, the Bagmati Corridor Road, has been completed so far. This project has been given special focus since a long time as it is considered vital in easing traffic congestion in Kathmandu and Lalitpur. The total length of the corridor is 17.61 kms.</p>

<p>The Bagmati Corridor Road stretches from Gokarneshwar Temple to Balkhu en route Tilganga, Sinamangal, Minbhavan, Shankhamul and Thapathali.</p>

<p>&quot;Only 3.88 kms of the corridor road is yet to be constructed,&quot; says Jyoti Kumar Shrestha, director of the project. &nbsp;He said that there is no separate project as such for Bagmati corridor but the roads are being constructed under the Bagmati Area Physical Infrastructure Development Project.</p>

<p>&ldquo;We have divided the corridor into various sections and the construction is underway in most of the places,&rdquo; he said.</p>

<p>&nbsp;</p>

<p>Out of 1,750 metres of the road section from Gokarneshwar to Guheswari, 1,250 metres has been completed. Similarly, the Tilganga-Sinamangal road section of the corridor has been completed as per the target. According to the project, 3,419 kilometres of the road which falls in the area has been completed. Also, 1,391 metres of Sinamangal-Minbhavan road section has also been completed.</p>

<p>However, the construction of Minbhawan-Shankhamul road section of the corridor almost ready. The road section is 6,600 metres long while construction of 6,570 metres has already finished. 1100 metres of Shankamul-Thapathali road section has been completed as per the target.&nbsp; Meanwhile, only 150 metres of Thapathali-Balkhu road section has been completed so far.</p>

<p>The agreement for construction of 2,500 metres Balkhu-Sundarighat road section was signed in 2013. However, no progress had been made in this section at all. The project has a target to complete 2,500 meters of the Bishnumati confluence-Shobha Bhagwati road section. The agreement for this road section was signed in 2014.&nbsp;</p>
',
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			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5886',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6101',
			'article_category_id' => '1',
			'title' => 'Slush Global Impact Accelerator Opens Application for Pitching Competition',
			'sub_title' => '',
			'summary' => 'Slush Global Impact Accelerator 2017 has opened applications for Nepali entrepreneurs to take part in a global event.',
			'content' => '<p>June 29: Slush Global Impact Accelerator 2017, a program initiated in collaboration with the Ministry for Foreign Affairs of Finland, has opened applications for Nepali entrepreneurs to take part in a global competition. The entrepreneurs will be required to pitch their business ideas out of which 15 applicants will be shortlisted. The ideas need to be solution driven which supports Sustainable Development Goals. The purpose of the event is to create a leading global program that supports Nepali startups looking to solve some of the most pressing global challenges and contributing to the discussion on impact investing.&nbsp;</p>

<p>The deadline for the application is July 31, 2017 followed by orientation for the entrepreneurs. The shortlisted participants will get to pitch their final ideas on August 17 where the finalists will be selected. The finalists will then get to pitch their ideas in the international bootcamp, Slush Global Impact Accelerator, in Helsinki, Finland in November.</p>

<p>The enterprises that wish to apply need to be legally registered and have at least a working prototype along with having revenue plus funding less than 1 million euros.</p>

<p>The event is being jointly organized by YoungInnovations, OULU University of Applied Sciences, Kathmandu University School of Management (KUSOM), King&rsquo;s College and Idea Studio. This is the second Slush GIA to be held in Nepal. Last year, two finalists, Honeyguide App and ICT for Agriculture got a chance to pitch their business plans at the global arena in Finland.&nbsp;</p>
',
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			'created' => '2017-06-29',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5885',
			'image' => '20170629031137_slush_GIA_eposter.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '6100',
			'article_category_id' => '1',
			'title' => 'Himalayan Bank Installs CCTV Cameras in Maitidevi Temple Premises',
			'sub_title' => '',
			'summary' => 'Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu. ',
			'content' => '<p>June 29: Himalayan Bank Limited has installed eight CCTV cameras on the premises of Maitidevi Temple in Kathmandu today.</p>

<p>The bank as part of its CSR initiative&nbsp;handed over eight sets of high quality cameras and recording equipments to the temple administration amid a function held on Thursday for the security of religious heritage, reads a press statement issued by the bank.</p>

<p>The cameras can secure high resolution videos of all the activities round the clock around the temple premises for 18 days.</p>

<p>While handing over the cameras to Maitidevi Area Management Committee&rsquo;s member secretary Darshan Mahato, Himalayan Bank&rsquo;s Chairman Manoj Bahadur Shrestha expressed his belief that the installation of cameras would help in curbing unwanted activities around the temple area.</p>

<p>Director General of the Department of Archaeology, Bhes Narayan Dahal, was present during the function.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5884',
			'image' => '20170629020051_20170628_153653.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6099',
			'article_category_id' => '1',
			'title' => 'NCELL Provides Scholarships to SEE Students',
			'sub_title' => '',
			'summary' => ' NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its ‘Pahilo Sim’ campaign.',
			'content' => '<p>June 29: NCELL has granted partial scholarships to 48 Secondary Education Exam (SEE) students enrolled in bridge courses under its &lsquo;Pahilo Sim&rsquo; campaign.</p>

<p>Under its first sim campaign, NCELL has provided partial scholarships of Rs 5,000 each to three top students from 16 different bridge course institutes.</p>

<p>NCELL will continue to provide such scholarships to outstanding students in the future as well, it said in a statement.</p>

<p>The students were selected for the scholarship based on their performance in internal exams conducted by the institutes.</p>

<p>Under this campaign, which is valid till June 30, the SEE appeared students can buy prepaid sim card just for Rs 1 which includes My 5 service that provides unlimited talk time to 5 NCELL numbers for 30 days.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5883',
			'image' => '20170629013444_Ncell-brand-logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6098',
			'article_category_id' => '1',
			'title' => 'ICFC Opens Branch in Trishuli',
			'sub_title' => '',
			'summary' => ' ICFC Finance has opened its branch in Trishuli of Nuwakot district.',
			'content' => '<p>June 29: ICFC Finance has opened its branch in Trishuli of Nuwakot district. The finance company has upgraded its extension counter operating in Trishuli into the branch. Sunil Panta, CEO of the company, inaugurated the branch on June 28.</p>

<p>The extension counter was converted into branch with an objective of improving the economic condition of Nuwakot district, said Panta.</p>

<p>With the addition, the finance company has a total of 15 branches now. The finance company running on profit of Rs 180 million until mid-June in the current fiscal year, operates with a total of 12 ATM outlets. The finance company is also preparing to open another branch at Jyotinagar in Chitwan.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5882',
			'image' => '20170629012816_logo.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6097',
			'article_category_id' => '1',
			'title' => 'Bancassurance Agreement between BoK and NLG',
			'sub_title' => '',
			'summary' => ' Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.',
			'content' => '<p>June 29: Bank of Kathmandu (Bok) has partnered with NLG Insurance Company to provide bancassurance (Bank Insurance) service to the customers.</p>

<p>The bank and the insurance company signed an agreement to this regard amid a program held on June 28.</p>

<p>According to the agreement, customers of the bank can subscribe to all non-life insurance-related services from any BoK branch throughout the country.</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5881',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6096',
			'article_category_id' => '1',
			'title' => 'Nepal Yet to Meet the Demand of Paddy Production',
			'sub_title' => '',
			'summary' => 'The total annual production of paddy in Nepal amounts to Rs 150 billion. ',
			'content' => '<p>June 29: The total annual production of paddy in Nepal amounts to Rs 150 billion. Therefore, the fluctuation in paddy production directly affects the Gross Domestic Product (GDP) of the country. Deputy Spokesperson of the Ministry of Agriculture Development, Shankar Sapkota, made such remarks during a function organized by Nepal Agriculture Journalists Association in the capital on Wednesday to mark the 14<sup>th</sup> National Paddy Day.</p>

<p>Of late, the agriculture sector has been contributing 29.4 percent of the total GDP of the country. According to the ministry, paddy constitutes 20 percent of the total agricultural products of the country.</p>

<p>Deputy Spokesperson Sapkota said that 5.4 million metric tons of paddy is estimated to be produced in the coming fiscal year.</p>

<p>Paddy expert Krishna Devkota said that there has been a decrease in paddy production due to lack of proper irrigation and manure management among various other things.</p>

<p>Out of the total 3 million hectares of arable land in Nepal, paddy production was done on 1.362 million hectares in the fiscal year 2015/2016, says Tilak Chaulagain, a project officer under the Prime Minister&rsquo;s Modernization Project. &nbsp;</p>

<p>During that period, 4.219 million metric tons of paddy was produced. According to Chaulagain, the amount of paddy produced in the country was less than the total demand of the country by 2 million metric tons. In the fiscal year 2015/16, the production of paddy was 3.15 metric tons per hectare. The country can be self reliant on paddy if the production is increased to 4.5 metric ton per hectare, says Chaulagain.</p>

<p>The project has a target of making the country self reliant on major crops within the next three years. In order to meet the target, the project has already created a super zone in Jhapa in the current fiscal year. Likewise, other five zones have also been set up especially for paddy in Kanchanpur, Kapilbastu, Pyuthan, Bardiya and Sarlahi. The project has also established 24 blocks in various districts for &nbsp;paddy production. He further informed that the project will create another paddy zone in Siraha in the coming fiscal year 2017/2018 with a view to increase production.</p>

<p>Nepal used to export paddy in the past but in the recent years Nepal has turned into importer. Currently, Nepal spends more than Rs 25 billion to import paddy and rice every year.</p>
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			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5880',
			'image' => '20170629011931_paddy.jpg',
			'article_date' => '2017-06-29 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	)
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