Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '6095',
			'article_category_id' => '1',
			'title' => 'Hydropower Companies Awaiting for Approval to Issue IPOs ',
			'sub_title' => '',
			'summary' => ' Thirteen hydropower companies are going to issue their IPOs in the near future.',
			'content' => '<p>&nbsp;June 29: Thirteen hydropower companies are going to issue their IPOs in the near future.</p>

<p>Out of 19 companies which are awaiting the approval for issuance of IPOs and FPOs from SEBON, 13 applicants are from hydropower sector.</p>

<p>Apart from banks and financial institutions (BFIs), applications from hydropower companies asking for approval to issue common shares for capital increment has also increased, claims Niranjaya Ghimire, deputy director of SEBON.</p>

<p>The mandatory provision imposed by the government for hydropower projects to include 10 percent shareholders from among the locals of the affected area has made the sector more attractive for investors.</p>

<p>The companies awaiting approval are Sanjen Jalavidhyut, Rasuwagadhi Hydropower, Ankhukhola Hydropower, Garjyang Upatyaka Hydropower Company, Joshi Hydropower Development, Subham Power, Panchakanya Mai Hydropower, Radhi Bidyut, Laughing Buddha Power, Unique Hydel, Panchakanya Jalabidyut, Nepal Hydro Developer and Nyadi Hydropower Ltd.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-29',
			'modified' => '2017-06-29',
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			'sortorder' => '5879',
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			'article_date' => '2017-06-29 00:00:00',
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		'Article' => array(
			'id' => '6094',
			'article_category_id' => '1',
			'title' => 'NRB and Bank of Korea to Prepare Macroeconomic Model for Nepal',
			'sub_title' => '',
			'summary' => 'Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017.',
			'content' => '<p>June 28: Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017. According to Nepal Rastra Bank (NRB), researchers from Yonsai University of Korea will be engaged in the project.</p>

<p>Director at the Office of the Governor of NRB, Dr Prakash Kumar Shrestha, and Jong Suk Won, deputy director general of International Relations Department of BoK signed the agreement to this effect on June 27.</p>

<p>According to the agreement, BoK will assist the Central Bank of Nepal in economic research model, currency management, implementation of payment and clearance system, economic projection system, and reform in supervision and regulation system. NRB said that BoK has been helping the NRB by providing them technical assistance from time to time.</p>

<p>In the programme, Nara Bahadur Thapa, executive director of Nepal Rastra Bank said that BoK and NRB will jointly study the topics including use of modern equipment in the banking sector. The group will include seven members from BoK and four members from NRB.</p>

<p>Thapa shared that the group will also publish a book on the basis of the six-month study. He shared that though NRB has created a model related to economic projection, many areas of Nepal lack proper statistics.</p>

<p>Jong Suk Won, the Deputy Director General of BOK said that he is delighted to study the dimension of Nepali economy and informed that his team will present a report to NRB after study.</p>

<p>According to Thapa, Korea stands on the fourth position among the countries which have invested in Nepal.</p>

<p>He said that Korea&#39;s investment has been increasing in Nepal and that with more Korean investment in Nepal, there is increase in the trade deficit of Nepal with it.&nbsp; &nbsp; &nbsp;&nbsp;</p>
',
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			'created' => '2017-06-28',
			'modified' => '2017-06-28',
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			'sortorder' => '5878',
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			'article_date' => '2017-06-28 00:00:00',
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		'Article' => array(
			'id' => '6093',
			'article_category_id' => '1',
			'title' => 'Nepal Bank, TU sign MoU',
			'sub_title' => '',
			'summary' => ' Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions.',
			'content' => '<p>June 28: Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions. Devendra Pratap Shah, CEO of Nepal Bank and Dilliram Upreti, registrar of Tribhuvan University, signed the paper amid a function held in Kathmandu on June 27.</p>

<p>According to the MoU, every pensioner of the university can get pension through the bank by opening a special saving account in the bank. The bank has also agreed to provide around Rs 150 million as overdraft without charging interest to the university for a maximum of 15 working days to pay the pension amount.&nbsp;</p>

<p>The bank will also provide fifty percent discount on the charges for draft, TT, ABBS and web remit to the university.</p>

<p>Also, the counter service for the payment of examination fees will be made available to the students of the university at Balaju Industrial Area, Bhaktapur, Kalimati and Chabahil branches of the bank.&nbsp;</p>
',
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			'modified' => '2017-06-30',
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			'sortorder' => '5877',
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		'Article' => array(
			'id' => '6092',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank to Provide 38% Bonus Shares',
			'sub_title' => '',
			'summary' => 'Laxmi Bank will be giving 38 percent bonus shares to its shareholders. ',
			'content' => '<p>June 28: Laxmi Bank will be giving 38 percent bonus shares to its shareholders. The proposal regarding the bonus share was approved at the 16<sup>th</sup> Annual General Meeting of the bank held on June 27.</p>

<p>The meeting chaired by Sambhu Prasad Acharya, chairman of the bank, also approved the report of the board of directors and its financial report.</p>

<p>Currently, the bank is providing financial services through its 68 branches all over the country. The bank has also established two subsidiary companies named &#39;Laxmi Capital Market&#39; and &#39;Laxmi Laghubitta Bittiya Sanstha&#39; to provide investment and banking services.</p>
',
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			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5876',
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			'article_date' => '2017-06-28 00:00:00',
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		'Article' => array(
			'id' => '6091',
			'article_category_id' => '1',
			'title' => 'Impact of Indian GST on Nepal',
			'sub_title' => 'Transport cost to go up by 3 percent from July 1',
			'summary' => 'The online edition of the British economic magazine ‘The Economist’ on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi – demonetization, and Goods and Service Tax (GST).',
			'content' => '<p>June 28: The online edition of the British economic magazine &lsquo;The Economist&rsquo; on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi &ndash; demonetization, and Goods and Service Tax (GST).</p>

<p>The paper has analysed that the GST, which will be implemented from July 1, is comparable to the achievement that India made from demonetization. The direct effect of demonetization was felt in countries like Nepal and Bhutan that transact in Indian currency. They are now busy analyzing the possible effects of the GST.</p>

<p>Earlier, different taxes imposed by the central and state governments of India had made the price of imported goods from India very high.</p>

<p>With the implementation of the GST, there will be uniform rate in all products. It has also been analysed that the current effect of the GST will be positive. However, there is a negative side of the GST as well, and the first effect of it will be seen in the import of goods to Nepal.</p>

<p>The GST will increase the transportation tax rate by three percent. Due to this, the transportation fare will rise by three percent, say industrialists and traders.</p>

<p>Transportation tax which was 15 percent earlier has reached 18 percent. This is the reason for the increase in transportation fares while importing goods to Nepal.</p>

<p>Likewise, the Nepali import transactions are done in Indian currency. The GST will not accept that kind of transaction as export and only those in USD is considered as export.</p>

<p>Therefore, Nepal will not receive the GST facilities that other countries dealing in USD get.</p>

<p>According to Pashupati Murarka, former president of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), the huge informal trade with India will now come through formal channel.</p>

<p>Meanwhile, Rabi Shankar Sainju, spokesperson of the Ministry of Commerce (MoC) said they have written to the Indian government requesting waiver on service tax to give relief to the importers. &ldquo;We are waiting for the reply,&rdquo; he said.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5875',
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		'Article' => array(
			'id' => '6090',
			'article_category_id' => '1',
			'title' => 'Indian tourists beat the summer heat in Pokhara',
			'sub_title' => '',
			'summary' => 'Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days.',
			'content' => '<p>June 28: Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days. According to Western Region Hotel Association, Pokhara&rsquo;s Chairman Bikal Tulachan, Indian tourists basically visit Pokhara to beat the summer heat and to spend their vacation.</p>

<p>&ldquo;Most of the Indian tourists come to Pokhara to get away from the excessive heat in India,&rdquo; said Tulachan, adding, &ldquo;The Indian tourists have increased in comparison to last year.&rdquo;</p>

<p>Among the Indian tourists, most of them are from the cities of the bordering states.</p>

<p>The presence of Indian tourists in Pokhara was almost nil in the aftermath of the devastating earthquake of 2015 and during the blockade imposed by India. Tourism entrepreneurs are hopeful that the situation will become better as the inflow of Indian tourists has gradually increased since last year. Most of the tourists in Pokhara at present are Indians.</p>

<p>Indian tourists account for around 40 percent occupancy of Pokhara-based hotels, according to Tulachan. The remaining tourists are Nepalis while the number of foreign tourists other than Indians is negligible.</p>

<p>Before the earthquake, majority of tourists during this season used to be Chinese. But after the quake, Chinese tourists have hardly traveled to Pokhara.</p>

<p>Avia Club&rsquo;s Manager Rijan Rijal informed that most of the tourists at present are Indians. According to Rijal, around 70 percent of tourists who come for ultralight flights are Indians.</p>

<p>Although the number of Indian tourists visiting pokhara has increased significantly, the overall situation is not satisfactory, says Hotel Landmark&rsquo;s operator Om Pandey.</p>

<p>&ldquo;Half of the tourists are Indians. But we still need to do a lot to bring more tourists,&rdquo; he said.</p>

<p>Indian tourists are considered vital for the hospitality business of Pokhara. Even a small number of tourists from India, which shares border with Nepal, would significantly boost the tourism industry in Pokhara. Hotel entrepreneurs are active in increasing the number of Indian tourists, for which the Western Region Hotel Association has been launching a special campaign &lsquo;Chaliye Pokhara&rsquo; for the last seven years.</p>

<p>This campaign has helped to a great extent in bringing Indian tourists to Pokhara, says the association&rsquo;s former chairman Biplav Poudel, who operates Hotel Barahi. Poudel believes that Indian tourists have not only helped tourism thrive in Pokhara but have helped in the overall tourism business across Nepal.</p>

<p>Pokhara falls in the priority list of Indian tourists who live in the bordering cities of India as they can drive to Pokhara on their own.&nbsp;</p>
',
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			'sortorder' => '5874',
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		'Article' => array(
			'id' => '6089',
			'article_category_id' => '1',
			'title' => 'Ncell announces new offer',
			'sub_title' => 'Attractive gifts everyday under ‘Sabailai Upahar Harek Din Lagataar’ offer',
			'summary' => ' The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme.',
			'content' => '<p>June 28: Ncell has announced attractive gifts every day under &lsquo;Sabailai Upahar Harek Din Lagataar&rsquo; offer.&nbsp;The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme, according to a press statement issued by the telecom giant on Tuesday.</p>

<p>After activating the offer, every customer will start receiving attractive gifts which could be anything from free data volume to bonus talk time to bonus SMS among others. The statement further says that the gift offer includes&nbsp;bonus data of 100 MB, 20 MB, 10 MB and 20 bonus SMS, bonus talk time of 15 minutes, 10 minutes day talk time and 15 minutes night talk time among others. Customer will get attractive gifts every day.</p>

<p>&ldquo;Providing good customer experience has always been the top priority of Ncell. We are confident the campaign will bring joy to our customers, enabling them to stay connected with their beloved for additional period every day,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</p>

<p>All prepaid and post-paid customers of Ncell can take part in the campaign for free by dialing 17124 and following the instructions. Ncell customers can also activate this offer by dialing *17124#&nbsp;or by sending SMS after typing &lsquo;A&rsquo; to 17124.&nbsp;The offer will be effective from June 28 (Wednesday).</p>

<p>Subscribers are should use the bonuses within the same day by 12 pm midnight. After midnight, the customers will again receive the same gifts that will be valid till next midnight. The offer will remain in place for 30 days and once the customers activate the offer, it cannot be deactivated.The offers will be valid within the Ncell network .</p>

<p>&nbsp;</p>
',
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			'sortorder' => '5873',
			'image' => '20170628121319_Ncell-brand-logo.jpg',
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		'Article' => array(
			'id' => '6088',
			'article_category_id' => '1',
			'title' => 'Agro-Shelter Wins Social Business Challenge-2017',
			'sub_title' => '',
			'summary' => 'Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King's College and Yunus Social Business Center Nepal on June 23.',
			'content' => '<p>June 27: Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King&#39;s College and Yunus Social Business Center Nepal on June 23.</p>

<p>Kuldeep Bandhu Aryal, founder of the enterprise, topped the list of ten social entrepreneurs and won a prize of Rs 100,000.</p>

<p>Agro-shelter, a community driven facility, is focused on working for improving the drying system, hermetic packaging, and regulate the storage of the crops.</p>

<p>The ten finalists namely Hamro Doctor, AgroMart, AI pani, AgroTech, FARM, Swasthya Manch, Avacados and More, Spring Sanitary Napkins, Rasbin Enterprises and Agro-shelter gave presentation about how their businesses have been creating impact in the society.</p>

<p>The Social Business Challenge observed a total of 50 participants including social enterprises from the capital and some other places like Biratnagar, Janakpur, Chitwan and Birgunj.</p>

<p>Prior to the grand finale, Yunus Centre and King&#39;s College had organised workshops focused on social enterprise, social entrepreneurship and business model canvas in all these places.</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5872',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6087',
			'article_category_id' => '1',
			'title' => 'Govt to forward Property Details of Individuals to Australia',
			'sub_title' => 'Polymer Note Scandal ',
			'summary' => ' The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.',
			'content' => '<p>June 27: &nbsp;The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.</p>

<p>The property details of nine individuals and organisations including former governor of Nepal Rastra Bank Dr Tilak Rawal along with Himalaya Bahadur Pandey, Prithvi Bahadur Pande, Rama Rajya Laxmi Pande, Keshav Khatri, Upendra Keshari Paudel and institutions including Mayflower Private Limited, Global Group Private Limited and Super Tristar Investment will be sent to Australia. The Supreme Court in August 2016 issued an order to forward the property details of the alleged individuals to the Australian government.</p>

<p>After the Supreme Court&rsquo;s order, the Ministry of Law and Nepal Rastra Bank (NRB) have been working in this regard.</p>

<p>According to the government, the individuals and organizations had a main role in the issuance of the 10-rupee polymer note in Nepal.</p>

<p>Dilli Raj Ghimire, joint secretary and spokesperson of the Ministry of Law, said that the ministry has been preparing to send the details as per the request of the Australian government.</p>

<p>&quot;Every concerned authorities are working from their side and the process of collecting the property details has almost reached the last stage,&quot; he said.</p>

<p>When Dr Rawal was the governor of NRB, the contract to print the 10-rupee polymer note was given to a company named Note Printing Australia Limited. It was said that the printed notes were of low standard. The Australian government initiated an investigation on the concerned authorities there to see if there has been any corruption in the process.</p>

<p>To help in the investigation process, the Australian government had requested the Government of Nepal through diplomatic channel to send property details of those individuals and organisations in 2013.</p>

<p>Majority of the accused had filed writ petitions against the process but the Supreme Court quashed the writs.</p>

<p>However, after the Supreme Court gave an interim order to send the property details as per the request of the Australian government, the officials of the Ministry of Law and NRB moved forward with the process.</p>

<p>Backing the cases of the petitioners, the lawyers argued that the privacy of Nepal will be infringed upon if the property details are sent to other countries. They said such decision will also affect the general public&rsquo;s view towards the reliability of banks.</p>

<p>&nbsp;According to Clause 5 of the Mutual Legal Assistance Act- 2014, Nepal cannot collect and provide documents or proofs, examine any places or things and send the information, or collect and send the archive of banks, BFIs or any business or provide the information about criminal cases to foreign countries even when they request for it.&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5871',
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	(int) 9 => array(
		'Article' => array(
			'id' => '6086',
			'article_category_id' => '1',
			'title' => 'Kanchan Bank Starts Two New Branches',
			'sub_title' => '',
			'summary' => ' Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. ',
			'content' => '<p>June 27: Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. The bank has started operating through these branches from June 26.</p>

<p>Kanchan Development Bank is NRB approved regional level bank with Kanchanpur, Kailali and Dadeldhura districts as its working areas.</p>

<p>The bank&rsquo;s headquarters is at Bhimdutta Municipality, Mahendranagar, Kanchanpur and has been providing financial services through 13 branches and three extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5870',
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		'Article' => array(
			'id' => '6085',
			'article_category_id' => '1',
			'title' => 'Remittance only Through Bank: Dhakal',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.',
			'content' => '<p>June 27: Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.</p>

<p>Speaking at a program on &ldquo;India-Nepal Remittance Opportunities&rdquo; held in New Delhi on June 25, he emphasized on sending remittances only through banks.</p>

<p>At the program organised by New Delhi-based embassy of Nepal, he claimed that remittances were coming through banking system lately due to efforts by the remittance companies.</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '6084',
			'article_category_id' => '1',
			'title' => 'Increasing Use of Heavy Equipment Prompts Rise in Petro Import',
			'sub_title' => '',
			'summary' => 'June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products.',
			'content' => '<p>June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products. This is one of the prime reasons for the continued import of diesel and petrol at the same level despite the load-shedding hours being reduced significantly.</p>

<p>According to Sharad Kumar Gauchan, president of the Federation of Contractors&rsquo; Association Nepal (FCAN), altogether 8,000 heavy equipment are in operation round the clock at present. This is just the record maintained by the entrepreneurs affiliated to the federation.</p>

<p>&ldquo;We cannot ascertain the number of equipment that is in use of the contractors who are not associated with us,&rdquo; said Gauchan.</p>

<p>Vice President of the Confederation of Nepalese Industries, Bishnu Kumar Agrawal, had said in a public function that there had been a 200 percent increase in the import of heavy equipment last year. Agrawal himself is a heavy equipment dealer.</p>

<p>The data presented by Agrawal implies that there has been an increase in the import of petroleum products in proportion to the increase in import of such equipment.</p>

<p>Besides the heavy equipment, lots of other machineries that operate on petroleum products are used for the development works. The increase in budget for development works and the subsequent increase in expenditure of the budget indicate that there has been a rise in use of heavy equipment every year.</p>

<p>The immediate past president of FCAN, Jayaram Lamichhane, says that it is essential to import diesel for the machineries for the development works despite having sufficient electricity.</p>

<p>&ldquo;It is necessary to evaluate why the import of petrol has not declined,&rdquo; said Lamichhane, adding, &ldquo;If we are to expedite development works, the import of diesel will increase unimaginably.&rdquo;</p>

<p>Lamichhane says that the current rate of increase in development works would result in 50 percent increase in import of petroleum products every year.</p>

<p>The government has allocated Rs 126.40 billion as development budget for the fiscal year 2074/75. It has been estimated that around 84 percent of the development budget set for the current fiscal year 2073/74 would be spent by the end of this month.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-27',
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			'id' => '6082',
			'article_category_id' => '1',
			'title' => 'Muktinath Hands over Insurance Amount',
			'sub_title' => '',
			'summary' => 'Muktinath Development Bank has handed over the specified insurance amount to its debtors from its microfinance department.',
			'content' => '<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">June 21: Muktinath Development Bank has handed over a specified amount of insurance to its debtor from its microfinance department.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">The bank handed over the insurance amount to Kalpana Gurung, daughter of Bishnu Maya Gurung who died on February, 2017. Late Gurung had taken a loan of Rs 100,000 under the microfinance credit scheme from the bank&rsquo;s microfinance desk at Gagangauda.&nbsp;</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Having given Rs 5,000 for her funeral, the bank also wrote off her remaining debt of Rs 76,848.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Late Gurung had also taken insurance policy worth Rs 100,000 from Muktinath Development Bank.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Baburam Dhakal, head of the bank&rsquo;s regional office, Pokhara and Keshav Dhakal, head of National Life Insurance Company, Pokhara branch jointly handed over the specified insurance amount to Kalpana Gurung.</span></p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5867',
			'image' => '20170621042154_20170621114241_Clipboard13.jpg',
			'article_date' => '2017-06-21 00:00:00',
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		'Article' => array(
			'id' => '6083',
			'article_category_id' => '1',
			'title' => 'Rising  Investment in Industrial Sector',
			'sub_title' => '',
			'summary' => 'There has been notable increase in investment in the industrial sector. ',
			'content' => '<p>There has been notable increase in investment in the industrial sector.</p>

<p>As per a news report of Rastriya Samachar Samiti (RSS), investments in large scale and medium scale industries along with small scale industries with foreign investments has increased in the FY2016/2017 compared to FY 2015/2016.</p>

<p>In the last fiscal year, investment in large, medium and small scale industries with foreign investments totaled Rs 122.7 billion whereas, it is Rs 145.84 billion till date in the current fiscal year.</p>

<p>According to Durga Prasad Bhusal, Spokesperson at the Department of Industry (DoI), 410 industries were registered in the last fiscal year whereas, 433 industries have been registered in the current fiscal year so far.</p>

<p>According to RSS, out of the total industries, 22 agriculture and forest-based, two construction, eight information, broadcasting and communication, 16 energy-oriented, 109 manufacturing, three mineral-based, 141 service-oriented and 132 tourism-oriented industries have been registered at the DoI.</p>

<p>Previously, the Department used to register industries with investment size ranging from Rs 30 million to Rs 100 million under medium scale industries and those with investment exceeding Rs 100 million under large scale industries.</p>

<p>But with the changes in the capital requirement in the current fiscal year, industries with investment ranging from Rs 100 million to Rs 250 million are registered as medium scale industries and those with investment exceeding Rs 250 million are registered as large scale industries.</p>

<p>Among the industries registered at the Department, 87 are large scale, 76 medium scale and 270 small industries with foreign investments.&nbsp; According to DoI, Rs 130.36 billion, Rs 1.27 billion and Rs 1.52 billion have been invested in large, medium and small industries with foreign investment respectively.</p>

<p>In the last fiscal year, 77 large scale, 72 medium scale industries along with 261 small industries with foreign investments were registered at the department.</p>

<p>Meanwhile, small industries with domestic investments are registered at the Cottage and Small Scale Industry Development Committee. DoI is authorised to only register small scale industries with investment not more than Rs 100 million in this regard.</p>

<p style="text-align: justify;">According to Bhusal, the increase in the industrial sector is a result of the efforts of former Industry Minister Navindra Raj Joshi to create a favourable investment environment. He said that promulgation of the constitution and the local level elections have also encouraged investors to feel more secure.</p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5866',
			'image' => null,
			'article_date' => '2017-06-21 00:00:00',
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			'id' => '6081',
			'article_category_id' => '1',
			'title' => 'Gurkhas Finance opens branch in Rupandehi',
			'sub_title' => '',
			'summary' => 'The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district. ',
			'content' => '<p style="text-align: justify;">June 21: The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district.</p>

<p style="text-align: justify;">Social worker Yam Bahadur Thapa and Chairman of the Finance Mahendra Lal Rai of Gurkha Finance jointly inaugurated the branch amid a program on 20<sup>th</sup> June.</p>

<p style="text-align: justify;">The branch is established with an objective of providing banking services in rural areas and investing in productive areas by collecting deposits, said Rai.</p>

<p style="text-align: justify;">Gurkhas now operates a total of 14 branches including the Lakhan Chowk Branch. Recently, the company with the paid-up capital of Rs. 578.6 million is issuing 50 percent rights share.</p>
',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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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 60]
Code Context
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		'Article' => array(
			'id' => '6095',
			'article_category_id' => '1',
			'title' => 'Hydropower Companies Awaiting for Approval to Issue IPOs ',
			'sub_title' => '',
			'summary' => ' Thirteen hydropower companies are going to issue their IPOs in the near future.',
			'content' => '<p>&nbsp;June 29: Thirteen hydropower companies are going to issue their IPOs in the near future.</p>

<p>Out of 19 companies which are awaiting the approval for issuance of IPOs and FPOs from SEBON, 13 applicants are from hydropower sector.</p>

<p>Apart from banks and financial institutions (BFIs), applications from hydropower companies asking for approval to issue common shares for capital increment has also increased, claims Niranjaya Ghimire, deputy director of SEBON.</p>

<p>The mandatory provision imposed by the government for hydropower projects to include 10 percent shareholders from among the locals of the affected area has made the sector more attractive for investors.</p>

<p>The companies awaiting approval are Sanjen Jalavidhyut, Rasuwagadhi Hydropower, Ankhukhola Hydropower, Garjyang Upatyaka Hydropower Company, Joshi Hydropower Development, Subham Power, Panchakanya Mai Hydropower, Radhi Bidyut, Laughing Buddha Power, Unique Hydel, Panchakanya Jalabidyut, Nepal Hydro Developer and Nyadi Hydropower Ltd.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5879',
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			'article_date' => '2017-06-29 00:00:00',
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		'Article' => array(
			'id' => '6094',
			'article_category_id' => '1',
			'title' => 'NRB and Bank of Korea to Prepare Macroeconomic Model for Nepal',
			'sub_title' => '',
			'summary' => 'Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017.',
			'content' => '<p>June 28: Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017. According to Nepal Rastra Bank (NRB), researchers from Yonsai University of Korea will be engaged in the project.</p>

<p>Director at the Office of the Governor of NRB, Dr Prakash Kumar Shrestha, and Jong Suk Won, deputy director general of International Relations Department of BoK signed the agreement to this effect on June 27.</p>

<p>According to the agreement, BoK will assist the Central Bank of Nepal in economic research model, currency management, implementation of payment and clearance system, economic projection system, and reform in supervision and regulation system. NRB said that BoK has been helping the NRB by providing them technical assistance from time to time.</p>

<p>In the programme, Nara Bahadur Thapa, executive director of Nepal Rastra Bank said that BoK and NRB will jointly study the topics including use of modern equipment in the banking sector. The group will include seven members from BoK and four members from NRB.</p>

<p>Thapa shared that the group will also publish a book on the basis of the six-month study. He shared that though NRB has created a model related to economic projection, many areas of Nepal lack proper statistics.</p>

<p>Jong Suk Won, the Deputy Director General of BOK said that he is delighted to study the dimension of Nepali economy and informed that his team will present a report to NRB after study.</p>

<p>According to Thapa, Korea stands on the fourth position among the countries which have invested in Nepal.</p>

<p>He said that Korea&#39;s investment has been increasing in Nepal and that with more Korean investment in Nepal, there is increase in the trade deficit of Nepal with it.&nbsp; &nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5878',
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			'article_date' => '2017-06-28 00:00:00',
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	(int) 2 => array(
		'Article' => array(
			'id' => '6093',
			'article_category_id' => '1',
			'title' => 'Nepal Bank, TU sign MoU',
			'sub_title' => '',
			'summary' => ' Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions.',
			'content' => '<p>June 28: Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions. Devendra Pratap Shah, CEO of Nepal Bank and Dilliram Upreti, registrar of Tribhuvan University, signed the paper amid a function held in Kathmandu on June 27.</p>

<p>According to the MoU, every pensioner of the university can get pension through the bank by opening a special saving account in the bank. The bank has also agreed to provide around Rs 150 million as overdraft without charging interest to the university for a maximum of 15 working days to pay the pension amount.&nbsp;</p>

<p>The bank will also provide fifty percent discount on the charges for draft, TT, ABBS and web remit to the university.</p>

<p>Also, the counter service for the payment of examination fees will be made available to the students of the university at Balaju Industrial Area, Bhaktapur, Kalimati and Chabahil branches of the bank.&nbsp;</p>
',
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			'created' => '2017-06-28',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5877',
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			'article_date' => '2017-06-28 00:00:00',
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			'id' => '6092',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank to Provide 38% Bonus Shares',
			'sub_title' => '',
			'summary' => 'Laxmi Bank will be giving 38 percent bonus shares to its shareholders. ',
			'content' => '<p>June 28: Laxmi Bank will be giving 38 percent bonus shares to its shareholders. The proposal regarding the bonus share was approved at the 16<sup>th</sup> Annual General Meeting of the bank held on June 27.</p>

<p>The meeting chaired by Sambhu Prasad Acharya, chairman of the bank, also approved the report of the board of directors and its financial report.</p>

<p>Currently, the bank is providing financial services through its 68 branches all over the country. The bank has also established two subsidiary companies named &#39;Laxmi Capital Market&#39; and &#39;Laxmi Laghubitta Bittiya Sanstha&#39; to provide investment and banking services.</p>
',
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			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5876',
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			'article_date' => '2017-06-28 00:00:00',
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		'Article' => array(
			'id' => '6091',
			'article_category_id' => '1',
			'title' => 'Impact of Indian GST on Nepal',
			'sub_title' => 'Transport cost to go up by 3 percent from July 1',
			'summary' => 'The online edition of the British economic magazine ‘The Economist’ on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi – demonetization, and Goods and Service Tax (GST).',
			'content' => '<p>June 28: The online edition of the British economic magazine &lsquo;The Economist&rsquo; on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi &ndash; demonetization, and Goods and Service Tax (GST).</p>

<p>The paper has analysed that the GST, which will be implemented from July 1, is comparable to the achievement that India made from demonetization. The direct effect of demonetization was felt in countries like Nepal and Bhutan that transact in Indian currency. They are now busy analyzing the possible effects of the GST.</p>

<p>Earlier, different taxes imposed by the central and state governments of India had made the price of imported goods from India very high.</p>

<p>With the implementation of the GST, there will be uniform rate in all products. It has also been analysed that the current effect of the GST will be positive. However, there is a negative side of the GST as well, and the first effect of it will be seen in the import of goods to Nepal.</p>

<p>The GST will increase the transportation tax rate by three percent. Due to this, the transportation fare will rise by three percent, say industrialists and traders.</p>

<p>Transportation tax which was 15 percent earlier has reached 18 percent. This is the reason for the increase in transportation fares while importing goods to Nepal.</p>

<p>Likewise, the Nepali import transactions are done in Indian currency. The GST will not accept that kind of transaction as export and only those in USD is considered as export.</p>

<p>Therefore, Nepal will not receive the GST facilities that other countries dealing in USD get.</p>

<p>According to Pashupati Murarka, former president of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), the huge informal trade with India will now come through formal channel.</p>

<p>Meanwhile, Rabi Shankar Sainju, spokesperson of the Ministry of Commerce (MoC) said they have written to the Indian government requesting waiver on service tax to give relief to the importers. &ldquo;We are waiting for the reply,&rdquo; he said.</p>

<p>&nbsp;</p>
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			'keywords' => '',
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			'sortorder' => '5875',
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		'Article' => array(
			'id' => '6090',
			'article_category_id' => '1',
			'title' => 'Indian tourists beat the summer heat in Pokhara',
			'sub_title' => '',
			'summary' => 'Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days.',
			'content' => '<p>June 28: Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days. According to Western Region Hotel Association, Pokhara&rsquo;s Chairman Bikal Tulachan, Indian tourists basically visit Pokhara to beat the summer heat and to spend their vacation.</p>

<p>&ldquo;Most of the Indian tourists come to Pokhara to get away from the excessive heat in India,&rdquo; said Tulachan, adding, &ldquo;The Indian tourists have increased in comparison to last year.&rdquo;</p>

<p>Among the Indian tourists, most of them are from the cities of the bordering states.</p>

<p>The presence of Indian tourists in Pokhara was almost nil in the aftermath of the devastating earthquake of 2015 and during the blockade imposed by India. Tourism entrepreneurs are hopeful that the situation will become better as the inflow of Indian tourists has gradually increased since last year. Most of the tourists in Pokhara at present are Indians.</p>

<p>Indian tourists account for around 40 percent occupancy of Pokhara-based hotels, according to Tulachan. The remaining tourists are Nepalis while the number of foreign tourists other than Indians is negligible.</p>

<p>Before the earthquake, majority of tourists during this season used to be Chinese. But after the quake, Chinese tourists have hardly traveled to Pokhara.</p>

<p>Avia Club&rsquo;s Manager Rijan Rijal informed that most of the tourists at present are Indians. According to Rijal, around 70 percent of tourists who come for ultralight flights are Indians.</p>

<p>Although the number of Indian tourists visiting pokhara has increased significantly, the overall situation is not satisfactory, says Hotel Landmark&rsquo;s operator Om Pandey.</p>

<p>&ldquo;Half of the tourists are Indians. But we still need to do a lot to bring more tourists,&rdquo; he said.</p>

<p>Indian tourists are considered vital for the hospitality business of Pokhara. Even a small number of tourists from India, which shares border with Nepal, would significantly boost the tourism industry in Pokhara. Hotel entrepreneurs are active in increasing the number of Indian tourists, for which the Western Region Hotel Association has been launching a special campaign &lsquo;Chaliye Pokhara&rsquo; for the last seven years.</p>

<p>This campaign has helped to a great extent in bringing Indian tourists to Pokhara, says the association&rsquo;s former chairman Biplav Poudel, who operates Hotel Barahi. Poudel believes that Indian tourists have not only helped tourism thrive in Pokhara but have helped in the overall tourism business across Nepal.</p>

<p>Pokhara falls in the priority list of Indian tourists who live in the bordering cities of India as they can drive to Pokhara on their own.&nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '6089',
			'article_category_id' => '1',
			'title' => 'Ncell announces new offer',
			'sub_title' => 'Attractive gifts everyday under ‘Sabailai Upahar Harek Din Lagataar’ offer',
			'summary' => ' The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme.',
			'content' => '<p>June 28: Ncell has announced attractive gifts every day under &lsquo;Sabailai Upahar Harek Din Lagataar&rsquo; offer.&nbsp;The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme, according to a press statement issued by the telecom giant on Tuesday.</p>

<p>After activating the offer, every customer will start receiving attractive gifts which could be anything from free data volume to bonus talk time to bonus SMS among others. The statement further says that the gift offer includes&nbsp;bonus data of 100 MB, 20 MB, 10 MB and 20 bonus SMS, bonus talk time of 15 minutes, 10 minutes day talk time and 15 minutes night talk time among others. Customer will get attractive gifts every day.</p>

<p>&ldquo;Providing good customer experience has always been the top priority of Ncell. We are confident the campaign will bring joy to our customers, enabling them to stay connected with their beloved for additional period every day,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</p>

<p>All prepaid and post-paid customers of Ncell can take part in the campaign for free by dialing 17124 and following the instructions. Ncell customers can also activate this offer by dialing *17124#&nbsp;or by sending SMS after typing &lsquo;A&rsquo; to 17124.&nbsp;The offer will be effective from June 28 (Wednesday).</p>

<p>Subscribers are should use the bonuses within the same day by 12 pm midnight. After midnight, the customers will again receive the same gifts that will be valid till next midnight. The offer will remain in place for 30 days and once the customers activate the offer, it cannot be deactivated.The offers will be valid within the Ncell network .</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5873',
			'image' => '20170628121319_Ncell-brand-logo.jpg',
			'article_date' => '2017-06-28 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '6088',
			'article_category_id' => '1',
			'title' => 'Agro-Shelter Wins Social Business Challenge-2017',
			'sub_title' => '',
			'summary' => 'Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King's College and Yunus Social Business Center Nepal on June 23.',
			'content' => '<p>June 27: Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King&#39;s College and Yunus Social Business Center Nepal on June 23.</p>

<p>Kuldeep Bandhu Aryal, founder of the enterprise, topped the list of ten social entrepreneurs and won a prize of Rs 100,000.</p>

<p>Agro-shelter, a community driven facility, is focused on working for improving the drying system, hermetic packaging, and regulate the storage of the crops.</p>

<p>The ten finalists namely Hamro Doctor, AgroMart, AI pani, AgroTech, FARM, Swasthya Manch, Avacados and More, Spring Sanitary Napkins, Rasbin Enterprises and Agro-shelter gave presentation about how their businesses have been creating impact in the society.</p>

<p>The Social Business Challenge observed a total of 50 participants including social enterprises from the capital and some other places like Biratnagar, Janakpur, Chitwan and Birgunj.</p>

<p>Prior to the grand finale, Yunus Centre and King&#39;s College had organised workshops focused on social enterprise, social entrepreneurship and business model canvas in all these places.</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5872',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '6087',
			'article_category_id' => '1',
			'title' => 'Govt to forward Property Details of Individuals to Australia',
			'sub_title' => 'Polymer Note Scandal ',
			'summary' => ' The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.',
			'content' => '<p>June 27: &nbsp;The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.</p>

<p>The property details of nine individuals and organisations including former governor of Nepal Rastra Bank Dr Tilak Rawal along with Himalaya Bahadur Pandey, Prithvi Bahadur Pande, Rama Rajya Laxmi Pande, Keshav Khatri, Upendra Keshari Paudel and institutions including Mayflower Private Limited, Global Group Private Limited and Super Tristar Investment will be sent to Australia. The Supreme Court in August 2016 issued an order to forward the property details of the alleged individuals to the Australian government.</p>

<p>After the Supreme Court&rsquo;s order, the Ministry of Law and Nepal Rastra Bank (NRB) have been working in this regard.</p>

<p>According to the government, the individuals and organizations had a main role in the issuance of the 10-rupee polymer note in Nepal.</p>

<p>Dilli Raj Ghimire, joint secretary and spokesperson of the Ministry of Law, said that the ministry has been preparing to send the details as per the request of the Australian government.</p>

<p>&quot;Every concerned authorities are working from their side and the process of collecting the property details has almost reached the last stage,&quot; he said.</p>

<p>When Dr Rawal was the governor of NRB, the contract to print the 10-rupee polymer note was given to a company named Note Printing Australia Limited. It was said that the printed notes were of low standard. The Australian government initiated an investigation on the concerned authorities there to see if there has been any corruption in the process.</p>

<p>To help in the investigation process, the Australian government had requested the Government of Nepal through diplomatic channel to send property details of those individuals and organisations in 2013.</p>

<p>Majority of the accused had filed writ petitions against the process but the Supreme Court quashed the writs.</p>

<p>However, after the Supreme Court gave an interim order to send the property details as per the request of the Australian government, the officials of the Ministry of Law and NRB moved forward with the process.</p>

<p>Backing the cases of the petitioners, the lawyers argued that the privacy of Nepal will be infringed upon if the property details are sent to other countries. They said such decision will also affect the general public&rsquo;s view towards the reliability of banks.</p>

<p>&nbsp;According to Clause 5 of the Mutual Legal Assistance Act- 2014, Nepal cannot collect and provide documents or proofs, examine any places or things and send the information, or collect and send the archive of banks, BFIs or any business or provide the information about criminal cases to foreign countries even when they request for it.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5871',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '6086',
			'article_category_id' => '1',
			'title' => 'Kanchan Bank Starts Two New Branches',
			'sub_title' => '',
			'summary' => ' Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. ',
			'content' => '<p>June 27: Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. The bank has started operating through these branches from June 26.</p>

<p>Kanchan Development Bank is NRB approved regional level bank with Kanchanpur, Kailali and Dadeldhura districts as its working areas.</p>

<p>The bank&rsquo;s headquarters is at Bhimdutta Municipality, Mahendranagar, Kanchanpur and has been providing financial services through 13 branches and three extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5870',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '6085',
			'article_category_id' => '1',
			'title' => 'Remittance only Through Bank: Dhakal',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.',
			'content' => '<p>June 27: Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.</p>

<p>Speaking at a program on &ldquo;India-Nepal Remittance Opportunities&rdquo; held in New Delhi on June 25, he emphasized on sending remittances only through banks.</p>

<p>At the program organised by New Delhi-based embassy of Nepal, he claimed that remittances were coming through banking system lately due to efforts by the remittance companies.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5869',
			'image' => '20170627044943_cpdhakal.jpg',
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '6084',
			'article_category_id' => '1',
			'title' => 'Increasing Use of Heavy Equipment Prompts Rise in Petro Import',
			'sub_title' => '',
			'summary' => 'June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products.',
			'content' => '<p>June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products. This is one of the prime reasons for the continued import of diesel and petrol at the same level despite the load-shedding hours being reduced significantly.</p>

<p>According to Sharad Kumar Gauchan, president of the Federation of Contractors&rsquo; Association Nepal (FCAN), altogether 8,000 heavy equipment are in operation round the clock at present. This is just the record maintained by the entrepreneurs affiliated to the federation.</p>

<p>&ldquo;We cannot ascertain the number of equipment that is in use of the contractors who are not associated with us,&rdquo; said Gauchan.</p>

<p>Vice President of the Confederation of Nepalese Industries, Bishnu Kumar Agrawal, had said in a public function that there had been a 200 percent increase in the import of heavy equipment last year. Agrawal himself is a heavy equipment dealer.</p>

<p>The data presented by Agrawal implies that there has been an increase in the import of petroleum products in proportion to the increase in import of such equipment.</p>

<p>Besides the heavy equipment, lots of other machineries that operate on petroleum products are used for the development works. The increase in budget for development works and the subsequent increase in expenditure of the budget indicate that there has been a rise in use of heavy equipment every year.</p>

<p>The immediate past president of FCAN, Jayaram Lamichhane, says that it is essential to import diesel for the machineries for the development works despite having sufficient electricity.</p>

<p>&ldquo;It is necessary to evaluate why the import of petrol has not declined,&rdquo; said Lamichhane, adding, &ldquo;If we are to expedite development works, the import of diesel will increase unimaginably.&rdquo;</p>

<p>Lamichhane says that the current rate of increase in development works would result in 50 percent increase in import of petroleum products every year.</p>

<p>The government has allocated Rs 126.40 billion as development budget for the fiscal year 2074/75. It has been estimated that around 84 percent of the development budget set for the current fiscal year 2073/74 would be spent by the end of this month.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'sortorder' => '5868',
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	(int) 12 => array(
		'Article' => array(
			'id' => '6082',
			'article_category_id' => '1',
			'title' => 'Muktinath Hands over Insurance Amount',
			'sub_title' => '',
			'summary' => 'Muktinath Development Bank has handed over the specified insurance amount to its debtors from its microfinance department.',
			'content' => '<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">June 21: Muktinath Development Bank has handed over a specified amount of insurance to its debtor from its microfinance department.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">The bank handed over the insurance amount to Kalpana Gurung, daughter of Bishnu Maya Gurung who died on February, 2017. Late Gurung had taken a loan of Rs 100,000 under the microfinance credit scheme from the bank&rsquo;s microfinance desk at Gagangauda.&nbsp;</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Having given Rs 5,000 for her funeral, the bank also wrote off her remaining debt of Rs 76,848.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Late Gurung had also taken insurance policy worth Rs 100,000 from Muktinath Development Bank.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Baburam Dhakal, head of the bank&rsquo;s regional office, Pokhara and Keshav Dhakal, head of National Life Insurance Company, Pokhara branch jointly handed over the specified insurance amount to Kalpana Gurung.</span></p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5867',
			'image' => '20170621042154_20170621114241_Clipboard13.jpg',
			'article_date' => '2017-06-21 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '6083',
			'article_category_id' => '1',
			'title' => 'Rising  Investment in Industrial Sector',
			'sub_title' => '',
			'summary' => 'There has been notable increase in investment in the industrial sector. ',
			'content' => '<p>There has been notable increase in investment in the industrial sector.</p>

<p>As per a news report of Rastriya Samachar Samiti (RSS), investments in large scale and medium scale industries along with small scale industries with foreign investments has increased in the FY2016/2017 compared to FY 2015/2016.</p>

<p>In the last fiscal year, investment in large, medium and small scale industries with foreign investments totaled Rs 122.7 billion whereas, it is Rs 145.84 billion till date in the current fiscal year.</p>

<p>According to Durga Prasad Bhusal, Spokesperson at the Department of Industry (DoI), 410 industries were registered in the last fiscal year whereas, 433 industries have been registered in the current fiscal year so far.</p>

<p>According to RSS, out of the total industries, 22 agriculture and forest-based, two construction, eight information, broadcasting and communication, 16 energy-oriented, 109 manufacturing, three mineral-based, 141 service-oriented and 132 tourism-oriented industries have been registered at the DoI.</p>

<p>Previously, the Department used to register industries with investment size ranging from Rs 30 million to Rs 100 million under medium scale industries and those with investment exceeding Rs 100 million under large scale industries.</p>

<p>But with the changes in the capital requirement in the current fiscal year, industries with investment ranging from Rs 100 million to Rs 250 million are registered as medium scale industries and those with investment exceeding Rs 250 million are registered as large scale industries.</p>

<p>Among the industries registered at the Department, 87 are large scale, 76 medium scale and 270 small industries with foreign investments.&nbsp; According to DoI, Rs 130.36 billion, Rs 1.27 billion and Rs 1.52 billion have been invested in large, medium and small industries with foreign investment respectively.</p>

<p>In the last fiscal year, 77 large scale, 72 medium scale industries along with 261 small industries with foreign investments were registered at the department.</p>

<p>Meanwhile, small industries with domestic investments are registered at the Cottage and Small Scale Industry Development Committee. DoI is authorised to only register small scale industries with investment not more than Rs 100 million in this regard.</p>

<p style="text-align: justify;">According to Bhusal, the increase in the industrial sector is a result of the efforts of former Industry Minister Navindra Raj Joshi to create a favourable investment environment. He said that promulgation of the constitution and the local level elections have also encouraged investors to feel more secure.</p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5866',
			'image' => null,
			'article_date' => '2017-06-21 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '6081',
			'article_category_id' => '1',
			'title' => 'Gurkhas Finance opens branch in Rupandehi',
			'sub_title' => '',
			'summary' => 'The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district. ',
			'content' => '<p style="text-align: justify;">June 21: The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district.</p>

<p style="text-align: justify;">Social worker Yam Bahadur Thapa and Chairman of the Finance Mahendra Lal Rai of Gurkha Finance jointly inaugurated the branch amid a program on 20<sup>th</sup> June.</p>

<p style="text-align: justify;">The branch is established with an objective of providing banking services in rural areas and investing in productive areas by collecting deposits, said Rai.</p>

<p style="text-align: justify;">Gurkhas now operates a total of 14 branches including the Lakhan Chowk Branch. Recently, the company with the paid-up capital of Rs. 578.6 million is issuing 50 percent rights share.</p>
',
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			'sortorder' => '5865',
			'image' => '20170621041300_20170621114929_Clipboard15.jpg',
			'article_date' => '2017-06-21 00:00:00',
			'homepage' => false,
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$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '6095',
			'article_category_id' => '1',
			'title' => 'Hydropower Companies Awaiting for Approval to Issue IPOs ',
			'sub_title' => '',
			'summary' => ' Thirteen hydropower companies are going to issue their IPOs in the near future.',
			'content' => '<p>&nbsp;June 29: Thirteen hydropower companies are going to issue their IPOs in the near future.</p>

<p>Out of 19 companies which are awaiting the approval for issuance of IPOs and FPOs from SEBON, 13 applicants are from hydropower sector.</p>

<p>Apart from banks and financial institutions (BFIs), applications from hydropower companies asking for approval to issue common shares for capital increment has also increased, claims Niranjaya Ghimire, deputy director of SEBON.</p>

<p>The mandatory provision imposed by the government for hydropower projects to include 10 percent shareholders from among the locals of the affected area has made the sector more attractive for investors.</p>

<p>The companies awaiting approval are Sanjen Jalavidhyut, Rasuwagadhi Hydropower, Ankhukhola Hydropower, Garjyang Upatyaka Hydropower Company, Joshi Hydropower Development, Subham Power, Panchakanya Mai Hydropower, Radhi Bidyut, Laughing Buddha Power, Unique Hydel, Panchakanya Jalabidyut, Nepal Hydro Developer and Nyadi Hydropower Ltd.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
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			'sortorder' => '5879',
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			'id' => '6094',
			'article_category_id' => '1',
			'title' => 'NRB and Bank of Korea to Prepare Macroeconomic Model for Nepal',
			'sub_title' => '',
			'summary' => 'Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017.',
			'content' => '<p>June 28: Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017. According to Nepal Rastra Bank (NRB), researchers from Yonsai University of Korea will be engaged in the project.</p>

<p>Director at the Office of the Governor of NRB, Dr Prakash Kumar Shrestha, and Jong Suk Won, deputy director general of International Relations Department of BoK signed the agreement to this effect on June 27.</p>

<p>According to the agreement, BoK will assist the Central Bank of Nepal in economic research model, currency management, implementation of payment and clearance system, economic projection system, and reform in supervision and regulation system. NRB said that BoK has been helping the NRB by providing them technical assistance from time to time.</p>

<p>In the programme, Nara Bahadur Thapa, executive director of Nepal Rastra Bank said that BoK and NRB will jointly study the topics including use of modern equipment in the banking sector. The group will include seven members from BoK and four members from NRB.</p>

<p>Thapa shared that the group will also publish a book on the basis of the six-month study. He shared that though NRB has created a model related to economic projection, many areas of Nepal lack proper statistics.</p>

<p>Jong Suk Won, the Deputy Director General of BOK said that he is delighted to study the dimension of Nepali economy and informed that his team will present a report to NRB after study.</p>

<p>According to Thapa, Korea stands on the fourth position among the countries which have invested in Nepal.</p>

<p>He said that Korea&#39;s investment has been increasing in Nepal and that with more Korean investment in Nepal, there is increase in the trade deficit of Nepal with it.&nbsp; &nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5878',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '6093',
			'article_category_id' => '1',
			'title' => 'Nepal Bank, TU sign MoU',
			'sub_title' => '',
			'summary' => ' Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions.',
			'content' => '<p>June 28: Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions. Devendra Pratap Shah, CEO of Nepal Bank and Dilliram Upreti, registrar of Tribhuvan University, signed the paper amid a function held in Kathmandu on June 27.</p>

<p>According to the MoU, every pensioner of the university can get pension through the bank by opening a special saving account in the bank. The bank has also agreed to provide around Rs 150 million as overdraft without charging interest to the university for a maximum of 15 working days to pay the pension amount.&nbsp;</p>

<p>The bank will also provide fifty percent discount on the charges for draft, TT, ABBS and web remit to the university.</p>

<p>Also, the counter service for the payment of examination fees will be made available to the students of the university at Balaju Industrial Area, Bhaktapur, Kalimati and Chabahil branches of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5877',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '6092',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank to Provide 38% Bonus Shares',
			'sub_title' => '',
			'summary' => 'Laxmi Bank will be giving 38 percent bonus shares to its shareholders. ',
			'content' => '<p>June 28: Laxmi Bank will be giving 38 percent bonus shares to its shareholders. The proposal regarding the bonus share was approved at the 16<sup>th</sup> Annual General Meeting of the bank held on June 27.</p>

<p>The meeting chaired by Sambhu Prasad Acharya, chairman of the bank, also approved the report of the board of directors and its financial report.</p>

<p>Currently, the bank is providing financial services through its 68 branches all over the country. The bank has also established two subsidiary companies named &#39;Laxmi Capital Market&#39; and &#39;Laxmi Laghubitta Bittiya Sanstha&#39; to provide investment and banking services.</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5876',
			'image' => '20170628033200_68.jpg',
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '6091',
			'article_category_id' => '1',
			'title' => 'Impact of Indian GST on Nepal',
			'sub_title' => 'Transport cost to go up by 3 percent from July 1',
			'summary' => 'The online edition of the British economic magazine ‘The Economist’ on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi – demonetization, and Goods and Service Tax (GST).',
			'content' => '<p>June 28: The online edition of the British economic magazine &lsquo;The Economist&rsquo; on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi &ndash; demonetization, and Goods and Service Tax (GST).</p>

<p>The paper has analysed that the GST, which will be implemented from July 1, is comparable to the achievement that India made from demonetization. The direct effect of demonetization was felt in countries like Nepal and Bhutan that transact in Indian currency. They are now busy analyzing the possible effects of the GST.</p>

<p>Earlier, different taxes imposed by the central and state governments of India had made the price of imported goods from India very high.</p>

<p>With the implementation of the GST, there will be uniform rate in all products. It has also been analysed that the current effect of the GST will be positive. However, there is a negative side of the GST as well, and the first effect of it will be seen in the import of goods to Nepal.</p>

<p>The GST will increase the transportation tax rate by three percent. Due to this, the transportation fare will rise by three percent, say industrialists and traders.</p>

<p>Transportation tax which was 15 percent earlier has reached 18 percent. This is the reason for the increase in transportation fares while importing goods to Nepal.</p>

<p>Likewise, the Nepali import transactions are done in Indian currency. The GST will not accept that kind of transaction as export and only those in USD is considered as export.</p>

<p>Therefore, Nepal will not receive the GST facilities that other countries dealing in USD get.</p>

<p>According to Pashupati Murarka, former president of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), the huge informal trade with India will now come through formal channel.</p>

<p>Meanwhile, Rabi Shankar Sainju, spokesperson of the Ministry of Commerce (MoC) said they have written to the Indian government requesting waiver on service tax to give relief to the importers. &ldquo;We are waiting for the reply,&rdquo; he said.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5875',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '6090',
			'article_category_id' => '1',
			'title' => 'Indian tourists beat the summer heat in Pokhara',
			'sub_title' => '',
			'summary' => 'Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days.',
			'content' => '<p>June 28: Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days. According to Western Region Hotel Association, Pokhara&rsquo;s Chairman Bikal Tulachan, Indian tourists basically visit Pokhara to beat the summer heat and to spend their vacation.</p>

<p>&ldquo;Most of the Indian tourists come to Pokhara to get away from the excessive heat in India,&rdquo; said Tulachan, adding, &ldquo;The Indian tourists have increased in comparison to last year.&rdquo;</p>

<p>Among the Indian tourists, most of them are from the cities of the bordering states.</p>

<p>The presence of Indian tourists in Pokhara was almost nil in the aftermath of the devastating earthquake of 2015 and during the blockade imposed by India. Tourism entrepreneurs are hopeful that the situation will become better as the inflow of Indian tourists has gradually increased since last year. Most of the tourists in Pokhara at present are Indians.</p>

<p>Indian tourists account for around 40 percent occupancy of Pokhara-based hotels, according to Tulachan. The remaining tourists are Nepalis while the number of foreign tourists other than Indians is negligible.</p>

<p>Before the earthquake, majority of tourists during this season used to be Chinese. But after the quake, Chinese tourists have hardly traveled to Pokhara.</p>

<p>Avia Club&rsquo;s Manager Rijan Rijal informed that most of the tourists at present are Indians. According to Rijal, around 70 percent of tourists who come for ultralight flights are Indians.</p>

<p>Although the number of Indian tourists visiting pokhara has increased significantly, the overall situation is not satisfactory, says Hotel Landmark&rsquo;s operator Om Pandey.</p>

<p>&ldquo;Half of the tourists are Indians. But we still need to do a lot to bring more tourists,&rdquo; he said.</p>

<p>Indian tourists are considered vital for the hospitality business of Pokhara. Even a small number of tourists from India, which shares border with Nepal, would significantly boost the tourism industry in Pokhara. Hotel entrepreneurs are active in increasing the number of Indian tourists, for which the Western Region Hotel Association has been launching a special campaign &lsquo;Chaliye Pokhara&rsquo; for the last seven years.</p>

<p>This campaign has helped to a great extent in bringing Indian tourists to Pokhara, says the association&rsquo;s former chairman Biplav Poudel, who operates Hotel Barahi. Poudel believes that Indian tourists have not only helped tourism thrive in Pokhara but have helped in the overall tourism business across Nepal.</p>

<p>Pokhara falls in the priority list of Indian tourists who live in the bordering cities of India as they can drive to Pokhara on their own.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5874',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '6089',
			'article_category_id' => '1',
			'title' => 'Ncell announces new offer',
			'sub_title' => 'Attractive gifts everyday under ‘Sabailai Upahar Harek Din Lagataar’ offer',
			'summary' => ' The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme.',
			'content' => '<p>June 28: Ncell has announced attractive gifts every day under &lsquo;Sabailai Upahar Harek Din Lagataar&rsquo; offer.&nbsp;The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme, according to a press statement issued by the telecom giant on Tuesday.</p>

<p>After activating the offer, every customer will start receiving attractive gifts which could be anything from free data volume to bonus talk time to bonus SMS among others. The statement further says that the gift offer includes&nbsp;bonus data of 100 MB, 20 MB, 10 MB and 20 bonus SMS, bonus talk time of 15 minutes, 10 minutes day talk time and 15 minutes night talk time among others. Customer will get attractive gifts every day.</p>

<p>&ldquo;Providing good customer experience has always been the top priority of Ncell. We are confident the campaign will bring joy to our customers, enabling them to stay connected with their beloved for additional period every day,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</p>

<p>All prepaid and post-paid customers of Ncell can take part in the campaign for free by dialing 17124 and following the instructions. Ncell customers can also activate this offer by dialing *17124#&nbsp;or by sending SMS after typing &lsquo;A&rsquo; to 17124.&nbsp;The offer will be effective from June 28 (Wednesday).</p>

<p>Subscribers are should use the bonuses within the same day by 12 pm midnight. After midnight, the customers will again receive the same gifts that will be valid till next midnight. The offer will remain in place for 30 days and once the customers activate the offer, it cannot be deactivated.The offers will be valid within the Ncell network .</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5873',
			'image' => '20170628121319_Ncell-brand-logo.jpg',
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '6088',
			'article_category_id' => '1',
			'title' => 'Agro-Shelter Wins Social Business Challenge-2017',
			'sub_title' => '',
			'summary' => 'Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King's College and Yunus Social Business Center Nepal on June 23.',
			'content' => '<p>June 27: Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King&#39;s College and Yunus Social Business Center Nepal on June 23.</p>

<p>Kuldeep Bandhu Aryal, founder of the enterprise, topped the list of ten social entrepreneurs and won a prize of Rs 100,000.</p>

<p>Agro-shelter, a community driven facility, is focused on working for improving the drying system, hermetic packaging, and regulate the storage of the crops.</p>

<p>The ten finalists namely Hamro Doctor, AgroMart, AI pani, AgroTech, FARM, Swasthya Manch, Avacados and More, Spring Sanitary Napkins, Rasbin Enterprises and Agro-shelter gave presentation about how their businesses have been creating impact in the society.</p>

<p>The Social Business Challenge observed a total of 50 participants including social enterprises from the capital and some other places like Biratnagar, Janakpur, Chitwan and Birgunj.</p>

<p>Prior to the grand finale, Yunus Centre and King&#39;s College had organised workshops focused on social enterprise, social entrepreneurship and business model canvas in all these places.</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5872',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '6087',
			'article_category_id' => '1',
			'title' => 'Govt to forward Property Details of Individuals to Australia',
			'sub_title' => 'Polymer Note Scandal ',
			'summary' => ' The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.',
			'content' => '<p>June 27: &nbsp;The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.</p>

<p>The property details of nine individuals and organisations including former governor of Nepal Rastra Bank Dr Tilak Rawal along with Himalaya Bahadur Pandey, Prithvi Bahadur Pande, Rama Rajya Laxmi Pande, Keshav Khatri, Upendra Keshari Paudel and institutions including Mayflower Private Limited, Global Group Private Limited and Super Tristar Investment will be sent to Australia. The Supreme Court in August 2016 issued an order to forward the property details of the alleged individuals to the Australian government.</p>

<p>After the Supreme Court&rsquo;s order, the Ministry of Law and Nepal Rastra Bank (NRB) have been working in this regard.</p>

<p>According to the government, the individuals and organizations had a main role in the issuance of the 10-rupee polymer note in Nepal.</p>

<p>Dilli Raj Ghimire, joint secretary and spokesperson of the Ministry of Law, said that the ministry has been preparing to send the details as per the request of the Australian government.</p>

<p>&quot;Every concerned authorities are working from their side and the process of collecting the property details has almost reached the last stage,&quot; he said.</p>

<p>When Dr Rawal was the governor of NRB, the contract to print the 10-rupee polymer note was given to a company named Note Printing Australia Limited. It was said that the printed notes were of low standard. The Australian government initiated an investigation on the concerned authorities there to see if there has been any corruption in the process.</p>

<p>To help in the investigation process, the Australian government had requested the Government of Nepal through diplomatic channel to send property details of those individuals and organisations in 2013.</p>

<p>Majority of the accused had filed writ petitions against the process but the Supreme Court quashed the writs.</p>

<p>However, after the Supreme Court gave an interim order to send the property details as per the request of the Australian government, the officials of the Ministry of Law and NRB moved forward with the process.</p>

<p>Backing the cases of the petitioners, the lawyers argued that the privacy of Nepal will be infringed upon if the property details are sent to other countries. They said such decision will also affect the general public&rsquo;s view towards the reliability of banks.</p>

<p>&nbsp;According to Clause 5 of the Mutual Legal Assistance Act- 2014, Nepal cannot collect and provide documents or proofs, examine any places or things and send the information, or collect and send the archive of banks, BFIs or any business or provide the information about criminal cases to foreign countries even when they request for it.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5871',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6086',
			'article_category_id' => '1',
			'title' => 'Kanchan Bank Starts Two New Branches',
			'sub_title' => '',
			'summary' => ' Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. ',
			'content' => '<p>June 27: Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. The bank has started operating through these branches from June 26.</p>

<p>Kanchan Development Bank is NRB approved regional level bank with Kanchanpur, Kailali and Dadeldhura districts as its working areas.</p>

<p>The bank&rsquo;s headquarters is at Bhimdutta Municipality, Mahendranagar, Kanchanpur and has been providing financial services through 13 branches and three extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5870',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6085',
			'article_category_id' => '1',
			'title' => 'Remittance only Through Bank: Dhakal',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.',
			'content' => '<p>June 27: Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.</p>

<p>Speaking at a program on &ldquo;India-Nepal Remittance Opportunities&rdquo; held in New Delhi on June 25, he emphasized on sending remittances only through banks.</p>

<p>At the program organised by New Delhi-based embassy of Nepal, he claimed that remittances were coming through banking system lately due to efforts by the remittance companies.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5869',
			'image' => '20170627044943_cpdhakal.jpg',
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6084',
			'article_category_id' => '1',
			'title' => 'Increasing Use of Heavy Equipment Prompts Rise in Petro Import',
			'sub_title' => '',
			'summary' => 'June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products.',
			'content' => '<p>June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products. This is one of the prime reasons for the continued import of diesel and petrol at the same level despite the load-shedding hours being reduced significantly.</p>

<p>According to Sharad Kumar Gauchan, president of the Federation of Contractors&rsquo; Association Nepal (FCAN), altogether 8,000 heavy equipment are in operation round the clock at present. This is just the record maintained by the entrepreneurs affiliated to the federation.</p>

<p>&ldquo;We cannot ascertain the number of equipment that is in use of the contractors who are not associated with us,&rdquo; said Gauchan.</p>

<p>Vice President of the Confederation of Nepalese Industries, Bishnu Kumar Agrawal, had said in a public function that there had been a 200 percent increase in the import of heavy equipment last year. Agrawal himself is a heavy equipment dealer.</p>

<p>The data presented by Agrawal implies that there has been an increase in the import of petroleum products in proportion to the increase in import of such equipment.</p>

<p>Besides the heavy equipment, lots of other machineries that operate on petroleum products are used for the development works. The increase in budget for development works and the subsequent increase in expenditure of the budget indicate that there has been a rise in use of heavy equipment every year.</p>

<p>The immediate past president of FCAN, Jayaram Lamichhane, says that it is essential to import diesel for the machineries for the development works despite having sufficient electricity.</p>

<p>&ldquo;It is necessary to evaluate why the import of petrol has not declined,&rdquo; said Lamichhane, adding, &ldquo;If we are to expedite development works, the import of diesel will increase unimaginably.&rdquo;</p>

<p>Lamichhane says that the current rate of increase in development works would result in 50 percent increase in import of petroleum products every year.</p>

<p>The government has allocated Rs 126.40 billion as development budget for the fiscal year 2074/75. It has been estimated that around 84 percent of the development budget set for the current fiscal year 2073/74 would be spent by the end of this month.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5868',
			'image' => '20170627011343_jd_1050k_1-1024x683.jpg',
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6082',
			'article_category_id' => '1',
			'title' => 'Muktinath Hands over Insurance Amount',
			'sub_title' => '',
			'summary' => 'Muktinath Development Bank has handed over the specified insurance amount to its debtors from its microfinance department.',
			'content' => '<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">June 21: Muktinath Development Bank has handed over a specified amount of insurance to its debtor from its microfinance department.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">The bank handed over the insurance amount to Kalpana Gurung, daughter of Bishnu Maya Gurung who died on February, 2017. Late Gurung had taken a loan of Rs 100,000 under the microfinance credit scheme from the bank&rsquo;s microfinance desk at Gagangauda.&nbsp;</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Having given Rs 5,000 for her funeral, the bank also wrote off her remaining debt of Rs 76,848.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Late Gurung had also taken insurance policy worth Rs 100,000 from Muktinath Development Bank.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Baburam Dhakal, head of the bank&rsquo;s regional office, Pokhara and Keshav Dhakal, head of National Life Insurance Company, Pokhara branch jointly handed over the specified insurance amount to Kalpana Gurung.</span></p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5867',
			'image' => '20170621042154_20170621114241_Clipboard13.jpg',
			'article_date' => '2017-06-21 00:00:00',
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		'Article' => array(
			'id' => '6083',
			'article_category_id' => '1',
			'title' => 'Rising  Investment in Industrial Sector',
			'sub_title' => '',
			'summary' => 'There has been notable increase in investment in the industrial sector. ',
			'content' => '<p>There has been notable increase in investment in the industrial sector.</p>

<p>As per a news report of Rastriya Samachar Samiti (RSS), investments in large scale and medium scale industries along with small scale industries with foreign investments has increased in the FY2016/2017 compared to FY 2015/2016.</p>

<p>In the last fiscal year, investment in large, medium and small scale industries with foreign investments totaled Rs 122.7 billion whereas, it is Rs 145.84 billion till date in the current fiscal year.</p>

<p>According to Durga Prasad Bhusal, Spokesperson at the Department of Industry (DoI), 410 industries were registered in the last fiscal year whereas, 433 industries have been registered in the current fiscal year so far.</p>

<p>According to RSS, out of the total industries, 22 agriculture and forest-based, two construction, eight information, broadcasting and communication, 16 energy-oriented, 109 manufacturing, three mineral-based, 141 service-oriented and 132 tourism-oriented industries have been registered at the DoI.</p>

<p>Previously, the Department used to register industries with investment size ranging from Rs 30 million to Rs 100 million under medium scale industries and those with investment exceeding Rs 100 million under large scale industries.</p>

<p>But with the changes in the capital requirement in the current fiscal year, industries with investment ranging from Rs 100 million to Rs 250 million are registered as medium scale industries and those with investment exceeding Rs 250 million are registered as large scale industries.</p>

<p>Among the industries registered at the Department, 87 are large scale, 76 medium scale and 270 small industries with foreign investments.&nbsp; According to DoI, Rs 130.36 billion, Rs 1.27 billion and Rs 1.52 billion have been invested in large, medium and small industries with foreign investment respectively.</p>

<p>In the last fiscal year, 77 large scale, 72 medium scale industries along with 261 small industries with foreign investments were registered at the department.</p>

<p>Meanwhile, small industries with domestic investments are registered at the Cottage and Small Scale Industry Development Committee. DoI is authorised to only register small scale industries with investment not more than Rs 100 million in this regard.</p>

<p style="text-align: justify;">According to Bhusal, the increase in the industrial sector is a result of the efforts of former Industry Minister Navindra Raj Joshi to create a favourable investment environment. He said that promulgation of the constitution and the local level elections have also encouraged investors to feel more secure.</p>
',
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			'created' => '2017-06-21',
			'modified' => '2017-06-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5866',
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			'article_date' => '2017-06-21 00:00:00',
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		'Article' => array(
			'id' => '6081',
			'article_category_id' => '1',
			'title' => 'Gurkhas Finance opens branch in Rupandehi',
			'sub_title' => '',
			'summary' => 'The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district. ',
			'content' => '<p style="text-align: justify;">June 21: The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district.</p>

<p style="text-align: justify;">Social worker Yam Bahadur Thapa and Chairman of the Finance Mahendra Lal Rai of Gurkha Finance jointly inaugurated the branch amid a program on 20<sup>th</sup> June.</p>

<p style="text-align: justify;">The branch is established with an objective of providing banking services in rural areas and investing in productive areas by collecting deposits, said Rai.</p>

<p style="text-align: justify;">Gurkhas now operates a total of 14 branches including the Lakhan Chowk Branch. Recently, the company with the paid-up capital of Rs. 578.6 million is issuing 50 percent rights share.</p>
',
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include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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	(int) 0 => array(
		'Article' => array(
			'id' => '6095',
			'article_category_id' => '1',
			'title' => 'Hydropower Companies Awaiting for Approval to Issue IPOs ',
			'sub_title' => '',
			'summary' => ' Thirteen hydropower companies are going to issue their IPOs in the near future.',
			'content' => '<p>&nbsp;June 29: Thirteen hydropower companies are going to issue their IPOs in the near future.</p>

<p>Out of 19 companies which are awaiting the approval for issuance of IPOs and FPOs from SEBON, 13 applicants are from hydropower sector.</p>

<p>Apart from banks and financial institutions (BFIs), applications from hydropower companies asking for approval to issue common shares for capital increment has also increased, claims Niranjaya Ghimire, deputy director of SEBON.</p>

<p>The mandatory provision imposed by the government for hydropower projects to include 10 percent shareholders from among the locals of the affected area has made the sector more attractive for investors.</p>

<p>The companies awaiting approval are Sanjen Jalavidhyut, Rasuwagadhi Hydropower, Ankhukhola Hydropower, Garjyang Upatyaka Hydropower Company, Joshi Hydropower Development, Subham Power, Panchakanya Mai Hydropower, Radhi Bidyut, Laughing Buddha Power, Unique Hydel, Panchakanya Jalabidyut, Nepal Hydro Developer and Nyadi Hydropower Ltd.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-29',
			'modified' => '2017-06-29',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5879',
			'image' => null,
			'article_date' => '2017-06-29 00:00:00',
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		'Article' => array(
			'id' => '6094',
			'article_category_id' => '1',
			'title' => 'NRB and Bank of Korea to Prepare Macroeconomic Model for Nepal',
			'sub_title' => '',
			'summary' => 'Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017.',
			'content' => '<p>June 28: Bank of Korea (BoK) has agreed to provide technical assistance to prepare a macroeconomic model for the economic projection of Nepal by the end of 2017. According to Nepal Rastra Bank (NRB), researchers from Yonsai University of Korea will be engaged in the project.</p>

<p>Director at the Office of the Governor of NRB, Dr Prakash Kumar Shrestha, and Jong Suk Won, deputy director general of International Relations Department of BoK signed the agreement to this effect on June 27.</p>

<p>According to the agreement, BoK will assist the Central Bank of Nepal in economic research model, currency management, implementation of payment and clearance system, economic projection system, and reform in supervision and regulation system. NRB said that BoK has been helping the NRB by providing them technical assistance from time to time.</p>

<p>In the programme, Nara Bahadur Thapa, executive director of Nepal Rastra Bank said that BoK and NRB will jointly study the topics including use of modern equipment in the banking sector. The group will include seven members from BoK and four members from NRB.</p>

<p>Thapa shared that the group will also publish a book on the basis of the six-month study. He shared that though NRB has created a model related to economic projection, many areas of Nepal lack proper statistics.</p>

<p>Jong Suk Won, the Deputy Director General of BOK said that he is delighted to study the dimension of Nepali economy and informed that his team will present a report to NRB after study.</p>

<p>According to Thapa, Korea stands on the fourth position among the countries which have invested in Nepal.</p>

<p>He said that Korea&#39;s investment has been increasing in Nepal and that with more Korean investment in Nepal, there is increase in the trade deficit of Nepal with it.&nbsp; &nbsp; &nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5878',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
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	(int) 2 => array(
		'Article' => array(
			'id' => '6093',
			'article_category_id' => '1',
			'title' => 'Nepal Bank, TU sign MoU',
			'sub_title' => '',
			'summary' => ' Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions.',
			'content' => '<p>June 28: Nepal Bank Ltd and Tribhuvan University (TU) have signed a Memorandum of Understanding for the mutual benefit of both institutions. Devendra Pratap Shah, CEO of Nepal Bank and Dilliram Upreti, registrar of Tribhuvan University, signed the paper amid a function held in Kathmandu on June 27.</p>

<p>According to the MoU, every pensioner of the university can get pension through the bank by opening a special saving account in the bank. The bank has also agreed to provide around Rs 150 million as overdraft without charging interest to the university for a maximum of 15 working days to pay the pension amount.&nbsp;</p>

<p>The bank will also provide fifty percent discount on the charges for draft, TT, ABBS and web remit to the university.</p>

<p>Also, the counter service for the payment of examination fees will be made available to the students of the university at Balaju Industrial Area, Bhaktapur, Kalimati and Chabahil branches of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-30',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5877',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
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		'Article' => array(
			'id' => '6092',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank to Provide 38% Bonus Shares',
			'sub_title' => '',
			'summary' => 'Laxmi Bank will be giving 38 percent bonus shares to its shareholders. ',
			'content' => '<p>June 28: Laxmi Bank will be giving 38 percent bonus shares to its shareholders. The proposal regarding the bonus share was approved at the 16<sup>th</sup> Annual General Meeting of the bank held on June 27.</p>

<p>The meeting chaired by Sambhu Prasad Acharya, chairman of the bank, also approved the report of the board of directors and its financial report.</p>

<p>Currently, the bank is providing financial services through its 68 branches all over the country. The bank has also established two subsidiary companies named &#39;Laxmi Capital Market&#39; and &#39;Laxmi Laghubitta Bittiya Sanstha&#39; to provide investment and banking services.</p>
',
			'published' => true,
			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5876',
			'image' => '20170628033200_68.jpg',
			'article_date' => '2017-06-28 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '6091',
			'article_category_id' => '1',
			'title' => 'Impact of Indian GST on Nepal',
			'sub_title' => 'Transport cost to go up by 3 percent from July 1',
			'summary' => 'The online edition of the British economic magazine ‘The Economist’ on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi – demonetization, and Goods and Service Tax (GST).',
			'content' => '<p>June 28: The online edition of the British economic magazine &lsquo;The Economist&rsquo; on June 24 has mentioned two achievements of Indian Prime Minister Narendra Modi &ndash; demonetization, and Goods and Service Tax (GST).</p>

<p>The paper has analysed that the GST, which will be implemented from July 1, is comparable to the achievement that India made from demonetization. The direct effect of demonetization was felt in countries like Nepal and Bhutan that transact in Indian currency. They are now busy analyzing the possible effects of the GST.</p>

<p>Earlier, different taxes imposed by the central and state governments of India had made the price of imported goods from India very high.</p>

<p>With the implementation of the GST, there will be uniform rate in all products. It has also been analysed that the current effect of the GST will be positive. However, there is a negative side of the GST as well, and the first effect of it will be seen in the import of goods to Nepal.</p>

<p>The GST will increase the transportation tax rate by three percent. Due to this, the transportation fare will rise by three percent, say industrialists and traders.</p>

<p>Transportation tax which was 15 percent earlier has reached 18 percent. This is the reason for the increase in transportation fares while importing goods to Nepal.</p>

<p>Likewise, the Nepali import transactions are done in Indian currency. The GST will not accept that kind of transaction as export and only those in USD is considered as export.</p>

<p>Therefore, Nepal will not receive the GST facilities that other countries dealing in USD get.</p>

<p>According to Pashupati Murarka, former president of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI), the huge informal trade with India will now come through formal channel.</p>

<p>Meanwhile, Rabi Shankar Sainju, spokesperson of the Ministry of Commerce (MoC) said they have written to the Indian government requesting waiver on service tax to give relief to the importers. &ldquo;We are waiting for the reply,&rdquo; he said.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-28',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5875',
			'image' => null,
			'article_date' => '2017-06-28 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '6090',
			'article_category_id' => '1',
			'title' => 'Indian tourists beat the summer heat in Pokhara',
			'sub_title' => '',
			'summary' => 'Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days.',
			'content' => '<p>June 28: Tourist-hub Pokhara has seen a rise in the number of Indian tourists in recent days. According to Western Region Hotel Association, Pokhara&rsquo;s Chairman Bikal Tulachan, Indian tourists basically visit Pokhara to beat the summer heat and to spend their vacation.</p>

<p>&ldquo;Most of the Indian tourists come to Pokhara to get away from the excessive heat in India,&rdquo; said Tulachan, adding, &ldquo;The Indian tourists have increased in comparison to last year.&rdquo;</p>

<p>Among the Indian tourists, most of them are from the cities of the bordering states.</p>

<p>The presence of Indian tourists in Pokhara was almost nil in the aftermath of the devastating earthquake of 2015 and during the blockade imposed by India. Tourism entrepreneurs are hopeful that the situation will become better as the inflow of Indian tourists has gradually increased since last year. Most of the tourists in Pokhara at present are Indians.</p>

<p>Indian tourists account for around 40 percent occupancy of Pokhara-based hotels, according to Tulachan. The remaining tourists are Nepalis while the number of foreign tourists other than Indians is negligible.</p>

<p>Before the earthquake, majority of tourists during this season used to be Chinese. But after the quake, Chinese tourists have hardly traveled to Pokhara.</p>

<p>Avia Club&rsquo;s Manager Rijan Rijal informed that most of the tourists at present are Indians. According to Rijal, around 70 percent of tourists who come for ultralight flights are Indians.</p>

<p>Although the number of Indian tourists visiting pokhara has increased significantly, the overall situation is not satisfactory, says Hotel Landmark&rsquo;s operator Om Pandey.</p>

<p>&ldquo;Half of the tourists are Indians. But we still need to do a lot to bring more tourists,&rdquo; he said.</p>

<p>Indian tourists are considered vital for the hospitality business of Pokhara. Even a small number of tourists from India, which shares border with Nepal, would significantly boost the tourism industry in Pokhara. Hotel entrepreneurs are active in increasing the number of Indian tourists, for which the Western Region Hotel Association has been launching a special campaign &lsquo;Chaliye Pokhara&rsquo; for the last seven years.</p>

<p>This campaign has helped to a great extent in bringing Indian tourists to Pokhara, says the association&rsquo;s former chairman Biplav Poudel, who operates Hotel Barahi. Poudel believes that Indian tourists have not only helped tourism thrive in Pokhara but have helped in the overall tourism business across Nepal.</p>

<p>Pokhara falls in the priority list of Indian tourists who live in the bordering cities of India as they can drive to Pokhara on their own.&nbsp;</p>
',
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			'created' => '2017-06-28',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5874',
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			'article_date' => '2017-06-28 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '6089',
			'article_category_id' => '1',
			'title' => 'Ncell announces new offer',
			'sub_title' => 'Attractive gifts everyday under ‘Sabailai Upahar Harek Din Lagataar’ offer',
			'summary' => ' The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme.',
			'content' => '<p>June 28: Ncell has announced attractive gifts every day under &lsquo;Sabailai Upahar Harek Din Lagataar&rsquo; offer.&nbsp;The customers will get attractive gifts including bonus talk time, data, bonus SMS every day under the scheme, according to a press statement issued by the telecom giant on Tuesday.</p>

<p>After activating the offer, every customer will start receiving attractive gifts which could be anything from free data volume to bonus talk time to bonus SMS among others. The statement further says that the gift offer includes&nbsp;bonus data of 100 MB, 20 MB, 10 MB and 20 bonus SMS, bonus talk time of 15 minutes, 10 minutes day talk time and 15 minutes night talk time among others. Customer will get attractive gifts every day.</p>

<p>&ldquo;Providing good customer experience has always been the top priority of Ncell. We are confident the campaign will bring joy to our customers, enabling them to stay connected with their beloved for additional period every day,&rdquo; said Milan Sharma, corporate communications expert of Ncell.</p>

<p>All prepaid and post-paid customers of Ncell can take part in the campaign for free by dialing 17124 and following the instructions. Ncell customers can also activate this offer by dialing *17124#&nbsp;or by sending SMS after typing &lsquo;A&rsquo; to 17124.&nbsp;The offer will be effective from June 28 (Wednesday).</p>

<p>Subscribers are should use the bonuses within the same day by 12 pm midnight. After midnight, the customers will again receive the same gifts that will be valid till next midnight. The offer will remain in place for 30 days and once the customers activate the offer, it cannot be deactivated.The offers will be valid within the Ncell network .</p>

<p>&nbsp;</p>
',
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			'created' => '2017-06-28',
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			'sortorder' => '5873',
			'image' => '20170628121319_Ncell-brand-logo.jpg',
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		'Article' => array(
			'id' => '6088',
			'article_category_id' => '1',
			'title' => 'Agro-Shelter Wins Social Business Challenge-2017',
			'sub_title' => '',
			'summary' => 'Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King's College and Yunus Social Business Center Nepal on June 23.',
			'content' => '<p>June 27: Agro-shelter, a project under Rural Development Initiative, won the award of the Social Business Challenge-2017 organised by the King&#39;s College and Yunus Social Business Center Nepal on June 23.</p>

<p>Kuldeep Bandhu Aryal, founder of the enterprise, topped the list of ten social entrepreneurs and won a prize of Rs 100,000.</p>

<p>Agro-shelter, a community driven facility, is focused on working for improving the drying system, hermetic packaging, and regulate the storage of the crops.</p>

<p>The ten finalists namely Hamro Doctor, AgroMart, AI pani, AgroTech, FARM, Swasthya Manch, Avacados and More, Spring Sanitary Napkins, Rasbin Enterprises and Agro-shelter gave presentation about how their businesses have been creating impact in the society.</p>

<p>The Social Business Challenge observed a total of 50 participants including social enterprises from the capital and some other places like Biratnagar, Janakpur, Chitwan and Birgunj.</p>

<p>Prior to the grand finale, Yunus Centre and King&#39;s College had organised workshops focused on social enterprise, social entrepreneurship and business model canvas in all these places.</p>
',
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			'sortorder' => '5872',
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			'id' => '6087',
			'article_category_id' => '1',
			'title' => 'Govt to forward Property Details of Individuals to Australia',
			'sub_title' => 'Polymer Note Scandal ',
			'summary' => ' The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.',
			'content' => '<p>June 27: &nbsp;The government is preparing to send the property details of individuals and organisations who are under investigation regarding the polymer note scandal to the Australian government.</p>

<p>The property details of nine individuals and organisations including former governor of Nepal Rastra Bank Dr Tilak Rawal along with Himalaya Bahadur Pandey, Prithvi Bahadur Pande, Rama Rajya Laxmi Pande, Keshav Khatri, Upendra Keshari Paudel and institutions including Mayflower Private Limited, Global Group Private Limited and Super Tristar Investment will be sent to Australia. The Supreme Court in August 2016 issued an order to forward the property details of the alleged individuals to the Australian government.</p>

<p>After the Supreme Court&rsquo;s order, the Ministry of Law and Nepal Rastra Bank (NRB) have been working in this regard.</p>

<p>According to the government, the individuals and organizations had a main role in the issuance of the 10-rupee polymer note in Nepal.</p>

<p>Dilli Raj Ghimire, joint secretary and spokesperson of the Ministry of Law, said that the ministry has been preparing to send the details as per the request of the Australian government.</p>

<p>&quot;Every concerned authorities are working from their side and the process of collecting the property details has almost reached the last stage,&quot; he said.</p>

<p>When Dr Rawal was the governor of NRB, the contract to print the 10-rupee polymer note was given to a company named Note Printing Australia Limited. It was said that the printed notes were of low standard. The Australian government initiated an investigation on the concerned authorities there to see if there has been any corruption in the process.</p>

<p>To help in the investigation process, the Australian government had requested the Government of Nepal through diplomatic channel to send property details of those individuals and organisations in 2013.</p>

<p>Majority of the accused had filed writ petitions against the process but the Supreme Court quashed the writs.</p>

<p>However, after the Supreme Court gave an interim order to send the property details as per the request of the Australian government, the officials of the Ministry of Law and NRB moved forward with the process.</p>

<p>Backing the cases of the petitioners, the lawyers argued that the privacy of Nepal will be infringed upon if the property details are sent to other countries. They said such decision will also affect the general public&rsquo;s view towards the reliability of banks.</p>

<p>&nbsp;According to Clause 5 of the Mutual Legal Assistance Act- 2014, Nepal cannot collect and provide documents or proofs, examine any places or things and send the information, or collect and send the archive of banks, BFIs or any business or provide the information about criminal cases to foreign countries even when they request for it.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5871',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
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			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '6086',
			'article_category_id' => '1',
			'title' => 'Kanchan Bank Starts Two New Branches',
			'sub_title' => '',
			'summary' => ' Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. ',
			'content' => '<p>June 27: Kanchan Development Bank has opened two new branches at Lamki Bazaar and Tikapur of Kailali district. The bank has started operating through these branches from June 26.</p>

<p>Kanchan Development Bank is NRB approved regional level bank with Kanchanpur, Kailali and Dadeldhura districts as its working areas.</p>

<p>The bank&rsquo;s headquarters is at Bhimdutta Municipality, Mahendranagar, Kanchanpur and has been providing financial services through 13 branches and three extension counters.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5870',
			'image' => null,
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '6085',
			'article_category_id' => '1',
			'title' => 'Remittance only Through Bank: Dhakal',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.',
			'content' => '<p>June 27: Chandra Prasad Dhakal, chairman of the Global IME Bank and vice-president of FNCCI has said that there is a need of cooperation among the concerned parties to bring in remittances only through the banking system.</p>

<p>Speaking at a program on &ldquo;India-Nepal Remittance Opportunities&rdquo; held in New Delhi on June 25, he emphasized on sending remittances only through banks.</p>

<p>At the program organised by New Delhi-based embassy of Nepal, he claimed that remittances were coming through banking system lately due to efforts by the remittance companies.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5869',
			'image' => '20170627044943_cpdhakal.jpg',
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '6084',
			'article_category_id' => '1',
			'title' => 'Increasing Use of Heavy Equipment Prompts Rise in Petro Import',
			'sub_title' => '',
			'summary' => 'June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products.',
			'content' => '<p>June 27: With the current fiscal year coming to an end, development works from the hills to the plains seem to have been intensified across the country. There has been an excessive use of heavy equipment for the purpose. Such equipment rely heavily on petroleum products. This is one of the prime reasons for the continued import of diesel and petrol at the same level despite the load-shedding hours being reduced significantly.</p>

<p>According to Sharad Kumar Gauchan, president of the Federation of Contractors&rsquo; Association Nepal (FCAN), altogether 8,000 heavy equipment are in operation round the clock at present. This is just the record maintained by the entrepreneurs affiliated to the federation.</p>

<p>&ldquo;We cannot ascertain the number of equipment that is in use of the contractors who are not associated with us,&rdquo; said Gauchan.</p>

<p>Vice President of the Confederation of Nepalese Industries, Bishnu Kumar Agrawal, had said in a public function that there had been a 200 percent increase in the import of heavy equipment last year. Agrawal himself is a heavy equipment dealer.</p>

<p>The data presented by Agrawal implies that there has been an increase in the import of petroleum products in proportion to the increase in import of such equipment.</p>

<p>Besides the heavy equipment, lots of other machineries that operate on petroleum products are used for the development works. The increase in budget for development works and the subsequent increase in expenditure of the budget indicate that there has been a rise in use of heavy equipment every year.</p>

<p>The immediate past president of FCAN, Jayaram Lamichhane, says that it is essential to import diesel for the machineries for the development works despite having sufficient electricity.</p>

<p>&ldquo;It is necessary to evaluate why the import of petrol has not declined,&rdquo; said Lamichhane, adding, &ldquo;If we are to expedite development works, the import of diesel will increase unimaginably.&rdquo;</p>

<p>Lamichhane says that the current rate of increase in development works would result in 50 percent increase in import of petroleum products every year.</p>

<p>The government has allocated Rs 126.40 billion as development budget for the fiscal year 2074/75. It has been estimated that around 84 percent of the development budget set for the current fiscal year 2073/74 would be spent by the end of this month.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-06-27',
			'modified' => '2017-06-28',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5868',
			'image' => '20170627011343_jd_1050k_1-1024x683.jpg',
			'article_date' => '2017-06-27 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '6082',
			'article_category_id' => '1',
			'title' => 'Muktinath Hands over Insurance Amount',
			'sub_title' => '',
			'summary' => 'Muktinath Development Bank has handed over the specified insurance amount to its debtors from its microfinance department.',
			'content' => '<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">June 21: Muktinath Development Bank has handed over a specified amount of insurance to its debtor from its microfinance department.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">The bank handed over the insurance amount to Kalpana Gurung, daughter of Bishnu Maya Gurung who died on February, 2017. Late Gurung had taken a loan of Rs 100,000 under the microfinance credit scheme from the bank&rsquo;s microfinance desk at Gagangauda.&nbsp;</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Having given Rs 5,000 for her funeral, the bank also wrote off her remaining debt of Rs 76,848.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Late Gurung had also taken insurance policy worth Rs 100,000 from Muktinath Development Bank.</span></p>

<p style="text-align:justify"><span style="font-family:helvetica,sans-serif; font-size:10.5pt">Baburam Dhakal, head of the bank&rsquo;s regional office, Pokhara and Keshav Dhakal, head of National Life Insurance Company, Pokhara branch jointly handed over the specified insurance amount to Kalpana Gurung.</span></p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-27',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5867',
			'image' => '20170621042154_20170621114241_Clipboard13.jpg',
			'article_date' => '2017-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '6083',
			'article_category_id' => '1',
			'title' => 'Rising  Investment in Industrial Sector',
			'sub_title' => '',
			'summary' => 'There has been notable increase in investment in the industrial sector. ',
			'content' => '<p>There has been notable increase in investment in the industrial sector.</p>

<p>As per a news report of Rastriya Samachar Samiti (RSS), investments in large scale and medium scale industries along with small scale industries with foreign investments has increased in the FY2016/2017 compared to FY 2015/2016.</p>

<p>In the last fiscal year, investment in large, medium and small scale industries with foreign investments totaled Rs 122.7 billion whereas, it is Rs 145.84 billion till date in the current fiscal year.</p>

<p>According to Durga Prasad Bhusal, Spokesperson at the Department of Industry (DoI), 410 industries were registered in the last fiscal year whereas, 433 industries have been registered in the current fiscal year so far.</p>

<p>According to RSS, out of the total industries, 22 agriculture and forest-based, two construction, eight information, broadcasting and communication, 16 energy-oriented, 109 manufacturing, three mineral-based, 141 service-oriented and 132 tourism-oriented industries have been registered at the DoI.</p>

<p>Previously, the Department used to register industries with investment size ranging from Rs 30 million to Rs 100 million under medium scale industries and those with investment exceeding Rs 100 million under large scale industries.</p>

<p>But with the changes in the capital requirement in the current fiscal year, industries with investment ranging from Rs 100 million to Rs 250 million are registered as medium scale industries and those with investment exceeding Rs 250 million are registered as large scale industries.</p>

<p>Among the industries registered at the Department, 87 are large scale, 76 medium scale and 270 small industries with foreign investments.&nbsp; According to DoI, Rs 130.36 billion, Rs 1.27 billion and Rs 1.52 billion have been invested in large, medium and small industries with foreign investment respectively.</p>

<p>In the last fiscal year, 77 large scale, 72 medium scale industries along with 261 small industries with foreign investments were registered at the department.</p>

<p>Meanwhile, small industries with domestic investments are registered at the Cottage and Small Scale Industry Development Committee. DoI is authorised to only register small scale industries with investment not more than Rs 100 million in this regard.</p>

<p style="text-align: justify;">According to Bhusal, the increase in the industrial sector is a result of the efforts of former Industry Minister Navindra Raj Joshi to create a favourable investment environment. He said that promulgation of the constitution and the local level elections have also encouraged investors to feel more secure.</p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5866',
			'image' => null,
			'article_date' => '2017-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '6081',
			'article_category_id' => '1',
			'title' => 'Gurkhas Finance opens branch in Rupandehi',
			'sub_title' => '',
			'summary' => 'The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district. ',
			'content' => '<p style="text-align: justify;">June 21: The Gurkhas Finance has opened its branch at Om Satiya Rural Municipality-1, Lakhanchowk of Rupandehi district.</p>

<p style="text-align: justify;">Social worker Yam Bahadur Thapa and Chairman of the Finance Mahendra Lal Rai of Gurkha Finance jointly inaugurated the branch amid a program on 20<sup>th</sup> June.</p>

<p style="text-align: justify;">The branch is established with an objective of providing banking services in rural areas and investing in productive areas by collecting deposits, said Rai.</p>

<p style="text-align: justify;">Gurkhas now operates a total of 14 branches including the Lakhan Chowk Branch. Recently, the company with the paid-up capital of Rs. 578.6 million is issuing 50 percent rights share.</p>
',
			'published' => true,
			'created' => '2017-06-21',
			'modified' => '2017-06-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5865',
			'image' => '20170621041300_20170621114929_Clipboard15.jpg',
			'article_date' => '2017-06-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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