June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial…
June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial…
June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA…
June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate…
June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July…
June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal…
June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program…
June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program,…
June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE,…
June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at…
June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS)…
June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to…
June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market.…
June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the…
June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were…
June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali…
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He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6042', 'article_category_id' => '1', 'title' => 'Global IME and UAE Exchange Joins Hand', 'sub_title' => '', 'summary' => 'June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qata', 'content' => '<p style="text-align: justify;">June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qatar, Bahrain, India, Australia, Japan and Malaysia since its establishment, said the bank in a press statement.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5826', 'image' => '20170612043712_global.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6041', 'article_category_id' => '1', 'title' => 'Garima Bikas Organizes Financial Literacy Program in Bhakimli', 'sub_title' => '', 'summary' => 'June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jya', 'content' => '<p style="text-align: justify;">June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jyanti Secondary School.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5825', 'image' => '20170612041204_garima bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6040', 'article_category_id' => '1', 'title' => 'Panchakanya CPVC Pipes Receives ISI certification', 'sub_title' => '', 'summary' => 'June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.', 'content' => '<p style="text-align: justify;">June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.</p> <p style="text-align: justify;">Panchakanya Group has been producing CPVC pipes and fittings by using world renowned Japanese Sekisui raw materials for the past six years. According to the company, consumers have well accepted the pipes for plumbing system.</p> <p style="text-align: justify;">“The company has been able to successfully implement its commitment to quality and its slogan ‘Sadaiba Vishwasilo’ and ‘Sadhai Ek Kadam Agadi’ to behavior,” said Ujjwal Shrestha, Executive Director of the company. The pipes are suitable for hot/cold water, lead-free, non-corrosive, non-toxic, chemical and UV-resistant as per the company.</p> <p style="text-align: justify;">Moreover, the products are environment friendly, good for health, comparatively economical and cheap as well as can last for up to 50 years, informs the company.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5824', 'image' => '20170612011148_panchakanya.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6039', 'article_category_id' => '1', 'title' => 'AAAN to Organize Crity Awards in September', 'sub_title' => '', 'summary' => 'June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to ', 'content' => '<p style="text-align: justify;">June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to the statement, a memorandum of understanding (MoU) was signed between Santosh Shrestha, President of AAAN and Pradip Pudasaini, General Manager of CG Brewery, the main sponsor of the event regarding the matter on June 9. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5823', 'image' => '20170612120435_krity award.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6038', 'article_category_id' => '1', 'title' => 'Anchor Electrical Unveils Penta Switch in Nepal', 'sub_title' => '', 'summary' => 'June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. ', 'content' => '<p style="text-align: justify;">June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. </p> <p style="text-align: justify;">In a launch program organized on Saturday, Kazuhiro Takeuji, General Manager of Anchor Electronics said that the increasing demand for electronic products in Nepali market has prompted the market expansion. He informed that the company has been distributing its products in Nepal through Premier Overseas since the last year. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5822', 'image' => '20170612114702_penta switch.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6037', 'article_category_id' => '1', 'title' => 'Flow of Loan in Unproductive Sector Diminishing ', 'sub_title' => '', 'summary' => 'June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.', 'content' => '<p style="text-align: justify;">June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.</p> <p style="text-align: justify;">The Macro Economic Report of the first 10 months of the current FY 2016/17 unveiled by NRB recently shows that the flow of loan has been decreased by Rs 90 million from mid- April to mid-May as compared to mid-March- mid-April in the current FY.</p> <p style="text-align: justify;"> Although the NRB had directed the banking and financial institutions (BFIs) to decrease the loan on these sectors, such as overdraft, real estate loan (including personal housing loan), hire purchase, share margin loan as unproductive sector, the statistics shows that the flow of loan is higher by Rs 133.02 billion as compared to the first 10 months of the previous FY.</p> <p style="text-align: justify;">In the one month period from mid-March to mid-April in the current fiscal year, the flow of loan on unproductive sector was Rs 8.27 billion, which came down to Rs 8.26 from mid-April to mid-May. As per the statistics of NRB, though the total flow of loan seems to increase, share margin loan has decreased by Rs 30 million or 0.77 percent.</p> <p style="text-align: justify;">Nara Bahadur Thapa, Executive Director of the Department of Research of NRB, informed that as the sudden decrease of flow of loan might create troubles in market, they have requested the BFIs to decrease the flow of loan in this sector to maintain financial discipline eventually.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5821', 'image' => '20170612112201_nrb.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6036', 'article_category_id' => '1', 'title' => 'Ncell Initiatives Shortlisted for GSMA Asian Mobile Awards', 'sub_title' => '', 'summary' => 'June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were sh', 'content' => '<p style="text-align: justify;">June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were shortlisted for the awards, said the company in a press statement.</p> <p style="text-align: justify;">GSMA recently announced the short-list for the AMOs 2017, in which Ncell’s two projects have found place for two different awards under the category ‘Social and Economic Development’. Winners of the AMO awards will be honored at the Asia Mobile Awards 2017 Ceremony to be held in Shanghai on June 28.</p> <p style="text-align: justify;">According to the statement, Ncell’s project that promotes off-grid power solutions, making both electricity and telecommunications facilities available to communities out of national electricity grid in Khotang and Udaypur has been nominated for ‘Best Mobile Innovation for Emerging Markets’ Awards. Under this project, Ncell in collaboration with Gham Power Nepal Private Limited, have been jointly promoting access to solar power generated by three micro-grids and mobile services, creating new social and economic opportunities for the people.</p> <p style="text-align: justify;">Similarly, another initiative which has been nominated for the award is Ncell’s Water for Livelihood Project. This project has been nominated for ‘Outstanding Mobile Contribution to the UN SDGs in Asia’ Award. Under this project, Ncell has supported three hilltop villages - Eladi, Dipka and Thuladi - of Syangja district to access water through deployment of clean water pumping technology. The system equipped with smart metering enables communities to efficiently manage water for household and commercial farming. This has ensured access to drinking water, improved sanitation, increase agricultural productivity, improved nutrition and raised income of the households, contributing to UN Sustainable Development Goals (SDGs).</p> <p style="text-align: justify;">“We congratulate all nominees for the 2017 Asia Mobile Awards,” said Michael O’Hara, Chief Marketing Officer, GSMA. “The AMOs highlight the technologies, products, services, companies and individuals that are leading the way in the Asia mobile industry today. We wish all those shortlisted the very best of luck and look forward to celebrating our industry’s best and brightest at Mobile World Congress Shanghai.”</p> <p style="text-align: justify;">In total, 115 nominees have been shortlisted for 12 awards across five categories: ‘Best Mobile Apps’, ‘Best Mobile Devices’, ‘Best Technology Innovation’, ‘Outstanding Achievement’, and the new category of ‘Social and Economic Development’. The AMO Awards are judged by more than 50 world-leading independent experts, analysts, journalists, academics and, in some cases, mobile operator representatives, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5820', 'image' => '20170612110958_ncell.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6034', 'article_category_id' => '1', 'title' => 'Steelbird Helmets Introduced in Nepali Market', 'sub_title' => '', 'summary' => 'June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.', 'content' => '<p style="text-align: justify;">June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.</p> <p style="text-align: justify;">The Steelbird which sells its products in more than 50 countries worldwide, has introduced its product for the first time in Nepal.</p> <p style="text-align: justify;">These helmets, which have received ISI standard, are affordable and safer than others; claims the company. Produced with the technological collaboration of one of the world’s best helmet manufacturer, BIEFFE; the company believes that the helmets will be on-demand in Nepal as well.</p> <p style="text-align: justify;">Various models of the helmets have been introduced in the market through the help of three main distributors. The company started its business in Nepal as well in order to expand their business in the SAARC nations.</p> <p style="text-align: justify;">“Although the helmets have always been around unofficially, the company will now conduct the sales in a systematic way,” says Shailendra Jain; Global Sales and Marketing Head of Steelbird.</p> <p style="text-align: justify;">He also said that since Nepal is one of the major markets for two-wheeler vehicles, they plan to introduce various new models especially designed to suit the demand here.</p> <p style="text-align: justify;">Out of their various types of products, the company plans to introduce the ones that are most sought-after by youngsters, which include Sport, Ultra-light, Open, appropriate for Dirt Bike, and washable and repairable types of helmets.</p> ', 'published' => true, 'created' => '2017-06-09', 'modified' => '2017-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '5819', 'image' => '20170609051013_steelbird.jpg', 'article_date' => '2017-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6042', 'article_category_id' => '1', 'title' => 'Global IME and UAE Exchange Joins Hand', 'sub_title' => '', 'summary' => 'June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qata', 'content' => '<p style="text-align: justify;">June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qatar, Bahrain, India, Australia, Japan and Malaysia since its establishment, said the bank in a press statement.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5826', 'image' => '20170612043712_global.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6041', 'article_category_id' => '1', 'title' => 'Garima Bikas Organizes Financial Literacy Program in Bhakimli', 'sub_title' => '', 'summary' => 'June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jya', 'content' => '<p style="text-align: justify;">June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jyanti Secondary School.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5825', 'image' => '20170612041204_garima bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6040', 'article_category_id' => '1', 'title' => 'Panchakanya CPVC Pipes Receives ISI certification', 'sub_title' => '', 'summary' => 'June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.', 'content' => '<p style="text-align: justify;">June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.</p> <p style="text-align: justify;">Panchakanya Group has been producing CPVC pipes and fittings by using world renowned Japanese Sekisui raw materials for the past six years. According to the company, consumers have well accepted the pipes for plumbing system.</p> <p style="text-align: justify;">“The company has been able to successfully implement its commitment to quality and its slogan ‘Sadaiba Vishwasilo’ and ‘Sadhai Ek Kadam Agadi’ to behavior,” said Ujjwal Shrestha, Executive Director of the company. The pipes are suitable for hot/cold water, lead-free, non-corrosive, non-toxic, chemical and UV-resistant as per the company.</p> <p style="text-align: justify;">Moreover, the products are environment friendly, good for health, comparatively economical and cheap as well as can last for up to 50 years, informs the company.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5824', 'image' => '20170612011148_panchakanya.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6039', 'article_category_id' => '1', 'title' => 'AAAN to Organize Crity Awards in September', 'sub_title' => '', 'summary' => 'June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to ', 'content' => '<p style="text-align: justify;">June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to the statement, a memorandum of understanding (MoU) was signed between Santosh Shrestha, President of AAAN and Pradip Pudasaini, General Manager of CG Brewery, the main sponsor of the event regarding the matter on June 9. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5823', 'image' => '20170612120435_krity award.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6038', 'article_category_id' => '1', 'title' => 'Anchor Electrical Unveils Penta Switch in Nepal', 'sub_title' => '', 'summary' => 'June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. ', 'content' => '<p style="text-align: justify;">June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. </p> <p style="text-align: justify;">In a launch program organized on Saturday, Kazuhiro Takeuji, General Manager of Anchor Electronics said that the increasing demand for electronic products in Nepali market has prompted the market expansion. He informed that the company has been distributing its products in Nepal through Premier Overseas since the last year. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5822', 'image' => '20170612114702_penta switch.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6037', 'article_category_id' => '1', 'title' => 'Flow of Loan in Unproductive Sector Diminishing ', 'sub_title' => '', 'summary' => 'June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.', 'content' => '<p style="text-align: justify;">June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.</p> <p style="text-align: justify;">The Macro Economic Report of the first 10 months of the current FY 2016/17 unveiled by NRB recently shows that the flow of loan has been decreased by Rs 90 million from mid- April to mid-May as compared to mid-March- mid-April in the current FY.</p> <p style="text-align: justify;"> Although the NRB had directed the banking and financial institutions (BFIs) to decrease the loan on these sectors, such as overdraft, real estate loan (including personal housing loan), hire purchase, share margin loan as unproductive sector, the statistics shows that the flow of loan is higher by Rs 133.02 billion as compared to the first 10 months of the previous FY.</p> <p style="text-align: justify;">In the one month period from mid-March to mid-April in the current fiscal year, the flow of loan on unproductive sector was Rs 8.27 billion, which came down to Rs 8.26 from mid-April to mid-May. As per the statistics of NRB, though the total flow of loan seems to increase, share margin loan has decreased by Rs 30 million or 0.77 percent.</p> <p style="text-align: justify;">Nara Bahadur Thapa, Executive Director of the Department of Research of NRB, informed that as the sudden decrease of flow of loan might create troubles in market, they have requested the BFIs to decrease the flow of loan in this sector to maintain financial discipline eventually.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5821', 'image' => '20170612112201_nrb.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6036', 'article_category_id' => '1', 'title' => 'Ncell Initiatives Shortlisted for GSMA Asian Mobile Awards', 'sub_title' => '', 'summary' => 'June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were sh', 'content' => '<p style="text-align: justify;">June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were shortlisted for the awards, said the company in a press statement.</p> <p style="text-align: justify;">GSMA recently announced the short-list for the AMOs 2017, in which Ncell’s two projects have found place for two different awards under the category ‘Social and Economic Development’. Winners of the AMO awards will be honored at the Asia Mobile Awards 2017 Ceremony to be held in Shanghai on June 28.</p> <p style="text-align: justify;">According to the statement, Ncell’s project that promotes off-grid power solutions, making both electricity and telecommunications facilities available to communities out of national electricity grid in Khotang and Udaypur has been nominated for ‘Best Mobile Innovation for Emerging Markets’ Awards. Under this project, Ncell in collaboration with Gham Power Nepal Private Limited, have been jointly promoting access to solar power generated by three micro-grids and mobile services, creating new social and economic opportunities for the people.</p> <p style="text-align: justify;">Similarly, another initiative which has been nominated for the award is Ncell’s Water for Livelihood Project. This project has been nominated for ‘Outstanding Mobile Contribution to the UN SDGs in Asia’ Award. Under this project, Ncell has supported three hilltop villages - Eladi, Dipka and Thuladi - of Syangja district to access water through deployment of clean water pumping technology. The system equipped with smart metering enables communities to efficiently manage water for household and commercial farming. This has ensured access to drinking water, improved sanitation, increase agricultural productivity, improved nutrition and raised income of the households, contributing to UN Sustainable Development Goals (SDGs).</p> <p style="text-align: justify;">“We congratulate all nominees for the 2017 Asia Mobile Awards,” said Michael O’Hara, Chief Marketing Officer, GSMA. “The AMOs highlight the technologies, products, services, companies and individuals that are leading the way in the Asia mobile industry today. We wish all those shortlisted the very best of luck and look forward to celebrating our industry’s best and brightest at Mobile World Congress Shanghai.”</p> <p style="text-align: justify;">In total, 115 nominees have been shortlisted for 12 awards across five categories: ‘Best Mobile Apps’, ‘Best Mobile Devices’, ‘Best Technology Innovation’, ‘Outstanding Achievement’, and the new category of ‘Social and Economic Development’. The AMO Awards are judged by more than 50 world-leading independent experts, analysts, journalists, academics and, in some cases, mobile operator representatives, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5820', 'image' => '20170612110958_ncell.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6034', 'article_category_id' => '1', 'title' => 'Steelbird Helmets Introduced in Nepali Market', 'sub_title' => '', 'summary' => 'June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.', 'content' => '<p style="text-align: justify;">June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.</p> <p style="text-align: justify;">The Steelbird which sells its products in more than 50 countries worldwide, has introduced its product for the first time in Nepal.</p> <p style="text-align: justify;">These helmets, which have received ISI standard, are affordable and safer than others; claims the company. Produced with the technological collaboration of one of the world’s best helmet manufacturer, BIEFFE; the company believes that the helmets will be on-demand in Nepal as well.</p> <p style="text-align: justify;">Various models of the helmets have been introduced in the market through the help of three main distributors. The company started its business in Nepal as well in order to expand their business in the SAARC nations.</p> <p style="text-align: justify;">“Although the helmets have always been around unofficially, the company will now conduct the sales in a systematic way,” says Shailendra Jain; Global Sales and Marketing Head of Steelbird.</p> <p style="text-align: justify;">He also said that since Nepal is one of the major markets for two-wheeler vehicles, they plan to introduce various new models especially designed to suit the demand here.</p> <p style="text-align: justify;">Out of their various types of products, the company plans to introduce the ones that are most sought-after by youngsters, which include Sport, Ultra-light, Open, appropriate for Dirt Bike, and washable and repairable types of helmets.</p> ', 'published' => true, 'created' => '2017-06-09', 'modified' => '2017-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '5819', 'image' => '20170609051013_steelbird.jpg', 'article_date' => '2017-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '6049', 'article_category_id' => '1', 'title' => 'Branches of Banks in Local Level Necessary : Governor', 'sub_title' => '', 'summary' => 'June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.', 'content' => '<p style="text-align: justify;">June 13: Dr. Chiranjivi Nepal, Governor of Nepal Rastra Bank (NRB) has emphasized on opening new branches in every local level if we are to establish commercial banks.</p> <p style="text-align: justify;">Governor Nepal requested the private commercial banks to open branches in local level as government owned banks are only located in 249 places so far.</p> <p style="text-align: justify;">Speaking at the function of start joint transaction of the Century Bank after acquiring Innovative Development Bank and Araniko Development Bank on June 11, he said the country has gone under federalism and since the government budget will also be spent in local level, the expansion of branches will prove to be beneficial in the future.</p> <p style="text-align: justify;">He also informed about the NRB’s plan of preparing a specially designed manual for bank operators with little or no knowledge of banking.</p> <p style="text-align: justify;">Understanding the source of money is more important than only recognizing money, he said, adding, “BAFIA law has also specified the bank operator’s qualifications”. He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6042', 'article_category_id' => '1', 'title' => 'Global IME and UAE Exchange Joins Hand', 'sub_title' => '', 'summary' => 'June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qata', 'content' => '<p style="text-align: justify;">June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qatar, Bahrain, India, Australia, Japan and Malaysia since its establishment, said the bank in a press statement.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5826', 'image' => '20170612043712_global.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6041', 'article_category_id' => '1', 'title' => 'Garima Bikas Organizes Financial Literacy Program in Bhakimli', 'sub_title' => '', 'summary' => 'June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jya', 'content' => '<p style="text-align: justify;">June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jyanti Secondary School.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5825', 'image' => '20170612041204_garima bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6040', 'article_category_id' => '1', 'title' => 'Panchakanya CPVC Pipes Receives ISI certification', 'sub_title' => '', 'summary' => 'June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.', 'content' => '<p style="text-align: justify;">June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.</p> <p style="text-align: justify;">Panchakanya Group has been producing CPVC pipes and fittings by using world renowned Japanese Sekisui raw materials for the past six years. According to the company, consumers have well accepted the pipes for plumbing system.</p> <p style="text-align: justify;">“The company has been able to successfully implement its commitment to quality and its slogan ‘Sadaiba Vishwasilo’ and ‘Sadhai Ek Kadam Agadi’ to behavior,” said Ujjwal Shrestha, Executive Director of the company. The pipes are suitable for hot/cold water, lead-free, non-corrosive, non-toxic, chemical and UV-resistant as per the company.</p> <p style="text-align: justify;">Moreover, the products are environment friendly, good for health, comparatively economical and cheap as well as can last for up to 50 years, informs the company.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5824', 'image' => '20170612011148_panchakanya.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6039', 'article_category_id' => '1', 'title' => 'AAAN to Organize Crity Awards in September', 'sub_title' => '', 'summary' => 'June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to ', 'content' => '<p style="text-align: justify;">June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to the statement, a memorandum of understanding (MoU) was signed between Santosh Shrestha, President of AAAN and Pradip Pudasaini, General Manager of CG Brewery, the main sponsor of the event regarding the matter on June 9. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5823', 'image' => '20170612120435_krity award.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6038', 'article_category_id' => '1', 'title' => 'Anchor Electrical Unveils Penta Switch in Nepal', 'sub_title' => '', 'summary' => 'June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. ', 'content' => '<p style="text-align: justify;">June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. </p> <p style="text-align: justify;">In a launch program organized on Saturday, Kazuhiro Takeuji, General Manager of Anchor Electronics said that the increasing demand for electronic products in Nepali market has prompted the market expansion. He informed that the company has been distributing its products in Nepal through Premier Overseas since the last year. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5822', 'image' => '20170612114702_penta switch.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6037', 'article_category_id' => '1', 'title' => 'Flow of Loan in Unproductive Sector Diminishing ', 'sub_title' => '', 'summary' => 'June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.', 'content' => '<p style="text-align: justify;">June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.</p> <p style="text-align: justify;">The Macro Economic Report of the first 10 months of the current FY 2016/17 unveiled by NRB recently shows that the flow of loan has been decreased by Rs 90 million from mid- April to mid-May as compared to mid-March- mid-April in the current FY.</p> <p style="text-align: justify;"> Although the NRB had directed the banking and financial institutions (BFIs) to decrease the loan on these sectors, such as overdraft, real estate loan (including personal housing loan), hire purchase, share margin loan as unproductive sector, the statistics shows that the flow of loan is higher by Rs 133.02 billion as compared to the first 10 months of the previous FY.</p> <p style="text-align: justify;">In the one month period from mid-March to mid-April in the current fiscal year, the flow of loan on unproductive sector was Rs 8.27 billion, which came down to Rs 8.26 from mid-April to mid-May. As per the statistics of NRB, though the total flow of loan seems to increase, share margin loan has decreased by Rs 30 million or 0.77 percent.</p> <p style="text-align: justify;">Nara Bahadur Thapa, Executive Director of the Department of Research of NRB, informed that as the sudden decrease of flow of loan might create troubles in market, they have requested the BFIs to decrease the flow of loan in this sector to maintain financial discipline eventually.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5821', 'image' => '20170612112201_nrb.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6036', 'article_category_id' => '1', 'title' => 'Ncell Initiatives Shortlisted for GSMA Asian Mobile Awards', 'sub_title' => '', 'summary' => 'June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were sh', 'content' => '<p style="text-align: justify;">June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were shortlisted for the awards, said the company in a press statement.</p> <p style="text-align: justify;">GSMA recently announced the short-list for the AMOs 2017, in which Ncell’s two projects have found place for two different awards under the category ‘Social and Economic Development’. Winners of the AMO awards will be honored at the Asia Mobile Awards 2017 Ceremony to be held in Shanghai on June 28.</p> <p style="text-align: justify;">According to the statement, Ncell’s project that promotes off-grid power solutions, making both electricity and telecommunications facilities available to communities out of national electricity grid in Khotang and Udaypur has been nominated for ‘Best Mobile Innovation for Emerging Markets’ Awards. Under this project, Ncell in collaboration with Gham Power Nepal Private Limited, have been jointly promoting access to solar power generated by three micro-grids and mobile services, creating new social and economic opportunities for the people.</p> <p style="text-align: justify;">Similarly, another initiative which has been nominated for the award is Ncell’s Water for Livelihood Project. This project has been nominated for ‘Outstanding Mobile Contribution to the UN SDGs in Asia’ Award. Under this project, Ncell has supported three hilltop villages - Eladi, Dipka and Thuladi - of Syangja district to access water through deployment of clean water pumping technology. The system equipped with smart metering enables communities to efficiently manage water for household and commercial farming. This has ensured access to drinking water, improved sanitation, increase agricultural productivity, improved nutrition and raised income of the households, contributing to UN Sustainable Development Goals (SDGs).</p> <p style="text-align: justify;">“We congratulate all nominees for the 2017 Asia Mobile Awards,” said Michael O’Hara, Chief Marketing Officer, GSMA. “The AMOs highlight the technologies, products, services, companies and individuals that are leading the way in the Asia mobile industry today. We wish all those shortlisted the very best of luck and look forward to celebrating our industry’s best and brightest at Mobile World Congress Shanghai.”</p> <p style="text-align: justify;">In total, 115 nominees have been shortlisted for 12 awards across five categories: ‘Best Mobile Apps’, ‘Best Mobile Devices’, ‘Best Technology Innovation’, ‘Outstanding Achievement’, and the new category of ‘Social and Economic Development’. The AMO Awards are judged by more than 50 world-leading independent experts, analysts, journalists, academics and, in some cases, mobile operator representatives, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5820', 'image' => '20170612110958_ncell.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6034', 'article_category_id' => '1', 'title' => 'Steelbird Helmets Introduced in Nepali Market', 'sub_title' => '', 'summary' => 'June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.', 'content' => '<p style="text-align: justify;">June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.</p> <p style="text-align: justify;">The Steelbird which sells its products in more than 50 countries worldwide, has introduced its product for the first time in Nepal.</p> <p style="text-align: justify;">These helmets, which have received ISI standard, are affordable and safer than others; claims the company. Produced with the technological collaboration of one of the world’s best helmet manufacturer, BIEFFE; the company believes that the helmets will be on-demand in Nepal as well.</p> <p style="text-align: justify;">Various models of the helmets have been introduced in the market through the help of three main distributors. The company started its business in Nepal as well in order to expand their business in the SAARC nations.</p> <p style="text-align: justify;">“Although the helmets have always been around unofficially, the company will now conduct the sales in a systematic way,” says Shailendra Jain; Global Sales and Marketing Head of Steelbird.</p> <p style="text-align: justify;">He also said that since Nepal is one of the major markets for two-wheeler vehicles, they plan to introduce various new models especially designed to suit the demand here.</p> <p style="text-align: justify;">Out of their various types of products, the company plans to introduce the ones that are most sought-after by youngsters, which include Sport, Ultra-light, Open, appropriate for Dirt Bike, and washable and repairable types of helmets.</p> ', 'published' => true, 'created' => '2017-06-09', 'modified' => '2017-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '5819', 'image' => '20170609051013_steelbird.jpg', 'article_date' => '2017-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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He also claimed that the banks have started reducing the number of board members after NRB fixed its limit.</p> <p style="text-align: justify;">Congratulating Century Bank for acquiring Innovative Development Bank and Araniko Development Bank, he said that mergers and acquisitions are crucial nowadays. Investing the public’s money irresponsibly is the major cause of problems. Sixteen problematic banks with various issues are now recovering slowly, he added.</p> <p style="text-align: justify;">Dr. Rewat Bahadur Karki, Chairman of Nepal Stock Exchange (NEPSE) suggested employees of banks to continuously perform well.</p> <p style="text-align: justify;">After the acquisition, Century Bank’s paid up capital has increased to Rs. 4.71 billion, Deposits to Rs. 38.5 billion and loans to Rs. 35 billion and will have a total of 53 branches.</p> <p style="text-align: justify;"> The Bank will issue 40 percent right shares to the shareholders after merger. </p> <p style="text-align: justify;">The Bank has also decided to merge with Sagarmatha Finance, Alpine Development Bank and Seti Finance within July, 2017, informed Rajesh Shrestha, CEO of the bank. He added that the bank will easily achieve the goal of increasing the paid up capital to Rs. 8 billion after the issuance of rights shares.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5833', 'image' => '20170613125615_century.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '6048', 'article_category_id' => '1', 'title' => 'Sipradi Trading as World’s Best Distributor', 'sub_title' => '', 'summary' => 'June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.', 'content' => '<p style="text-align:justify">June 13: Sipradi Trading is awarded with the World’s Best Distributor Award- 2016 of TATA Motors.</p> <p style="text-align:justify">Sipradi was announced as the World’s best distributor in “TATA Motors Global Achievement Award, 2016” ceremony held at Mumbai, India, recently. The Company is the sole official distributor of TATA Motors in Nepal.</p> <p style="text-align:justify">TATA Motors distributors from 45 countries of Europe, Africa and Asia were present in the program. The Company was also able to grab other eight best awards.</p> <p style="text-align:justify">The Company was able to grab the Most Seller Award- 2016 and Highest Market Share- 2016 award under Bus and M&HCV Truck Group.</p> <p style="text-align:justify">Similarly, it also won the Most Seller 2016, Best Customer Engagement -2016, Highest Market Share- 2016 and Best Global Service Camp- 2016 awards for Ultra Bus.</p> <p style="text-align:justify">Official distributors of TATA Motors from worldwide attended the program for the celebration. Rajan Babu Shrestha, CEO of Sipradi Traders committed that the company will continue to provide better service in the future.</p> ', 'published' => true, 'created' => '2017-06-13', 'modified' => '2017-06-13', 'keywords' => '', 'description' => '', 'sortorder' => '5832', 'image' => '20170613125509_sipradi.jpg', 'article_date' => '2017-06-13 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '6047', 'article_category_id' => '1', 'title' => 'IFC Doubles Investment for Business Oxygen', 'sub_title' => '', 'summary' => 'June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate chan', 'content' => '<p style="text-align: justify;">June 12: IFC, a member of the World Bank Group, is investing another $7.3 million into Business Oxygen (BO2), Nepal’s first private equity fund. The investment is being made through two funds managed by IFC, financed by the Climate Investment Funds and United Kingdom’s Department for International Development (DFID), said the international financial institution. The investment will help BO2 increase its financing for small businesses to help them cope with climate change.</p> <p style="text-align: justify;">According to the statement, BO2, makes equity investments in Nepal’s high-growth SMEs, helping them achieve their potential and create more jobs. IFC previously provided $7 million of its own funds to BO2 in 2015. In this fresh round of financing, DFID brings in $3.7 million while the Climate Investment Fund’s Pilot Program for Climate Resilience contributes $3.6 million.</p> <p style="text-align: justify;">The BO2 investment is part of IFC’s SME Ventures program for low-income countries where such funding is not available because of the risk profile and difficult operating conditions. For instance, only 39 percent of Nepal’s SMEs have access to finance, leaving a gap for funds such as BO2 to bridge.</p> <p style="text-align: justify;">“IFC’s increased support to Business Oxygen will boost our ability to engage with more small businesses,” said Siddhant Raj Pandey, Chairman and CEO of WLC Ventures, which manages BO2. “It puts us in a position to use innovative products and services to provide opportunities for farmers, create quality jobs, and promote energy efficiency.”</p> <p style="text-align: justify;">Small and medium enterprises (SMEs) are vital to Nepal’s economy. The country’s 111,442 SMEs employ 1.75 million and account for 22 percent of the gross domestic product.</p> <p style="text-align: justify;">“Business Oxygen will help demonstrate the viability of climate-resilient investments in Nepal to other investors, helping to boost the market for similar investments here and in other frontier markets,” said Mohammad Rehan Rashid, IFC’s Resident Representative for Nepal. “The fund’s ability to provide risk capital to SMEs in Nepal provides a vital solution for firms too small or too new for traditional commercial bank financing.”</p> <p style="text-align: justify;">“The fund has the potential to create jobs and support economic growth. We know how important SMEs are in Nepal and we at DFID Nepal are committed to supporting them to achieve their growth potential,” said Gareth Weir, Deputy Head of DFID Nepal. </p> <p style="text-align: justify;">IFC aims to double its climate-related investments between 2016 and 2021 to 28 percent of its financing. A recent World Bank study showed that climate change could push more than 100 million people back into poverty over the next 15 years, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5831', 'image' => '20170612051525_ifc.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '6046', 'article_category_id' => '1', 'title' => 'Smart Telecom Commencing 4G Service', 'sub_title' => '', 'summary' => 'June 12: The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.', 'content' => '<p style="text-align: justify;">June 12:<strong> </strong>The private telecommunications service providing company, Smart Telecom will be starting its 4G service from July 30.</p> <p style="text-align: justify;">Smart Telecom is preparing to start the service from the fixed time as it has received the technology neutrality license from Nepal Telecommunications Authority (NTA).</p> <p style="text-align: justify;">According to Sabin Shrestha, Chief Administrative Officer of Smart Telecom, the service will be started from Kathmandu. As per the roll out plan permitted by NTA, the company will be expanding its 4G service to Pokhara, Chitwan and Birgunj by mid-October.</p> <p style="text-align: justify;">Likewise, the company is planning to expand the service to Biratnagar, Bhairahawa, Butwal and other big cities after this.</p> <p style="text-align: justify;">Smart 4G will be using 1800 band whereas the company has 12 megahertz frequency now.</p> <p style="text-align: justify;"> Bijay Kumar Roy, Deputy Director of NTA informed that the roll out plan was permitted to start 4G from five MHz. The company started its service from the western region and has expanded its network in more than 45 districts.</p> <p style="text-align: justify;">The company has made commitment with NTA to expand its network in the districts connected by East-West Highway till mid-January, 2018.</p> <p style="text-align: justify;">According to the statistics of the Authority, currently Smart Telecom is providing its telephone service to 1,493,922 customers and mobile internet service to 120,228 customers. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5830', 'image' => '20170612045952_smart telecom logo1.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '6045', 'article_category_id' => '1', 'title' => 'Outer Ring Road: Notice to Acquire Land This Week', 'sub_title' => '', 'summary' => 'June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.', 'content' => '<p style="text-align: justify;">June 12: The Outer Ring Road Project has reached its implementation phase. The government is publishing a 35-day public notice to acquire land this week for the construction of the first phase 6.9 km Chovar-Gamcha-Satungal section.</p> <p style="text-align: justify;">Dhruba Sapkota, Chief of Outer Ring Road Project informed that the project which will be constructed through land pooling system, and the project will publish public notice to acquire land for the construction of the outer ring road, cities and related infrastructure.</p> <p style="text-align: justify;">Sapkota also made it clear that compensation will not be given to the land owners whose land falls in the Outer Ring Road project. “We will be constructing infrastructure by developing land in Outer Ring Road and not provide compensation,” he stated. </p> <p style="text-align: justify;">Similarly, he said that 20 to 42 percent of local land will be taken as grant for land pooling. The land is being taken from the locals as the project aims to construct infrastructure under systematic urbanization.</p> <p style="text-align: justify;">According to Sapkota, while constructing the outer ring road, 7.8 percent of land will be for road construction and 5 percent each for open space and infrastructure. Though the area of the land owners will decrease, but the price of land will increase drastically, he said.</p> <p style="text-align: justify;">The Outer Ring Road Project which was only limited to paperwork for the past 13 years is finally starting its construction. With the publication of the detailed project report (DPR) in the Nepal Gazette, the first phase six km Outer Ring Road construction from Satungal to Chovar is going to start soon.</p> <p style="text-align: justify;">For construction of the remaining 68 km of the road, homework is being done for approval of its detailed project report (DPR). </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5829', 'image' => '20170612045620_outer ringraod.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '6044', 'article_category_id' => '1', 'title' => 'Muktinath’s Branch in Manhari and Daldale', 'sub_title' => '', 'summary' => 'June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently', 'content' => '<p style="text-align: justify;">June 12: Muktinath Bikas Bank has started branches in Manhari, Makwanpur and Daldale, Nawalparasi. Rajaram Syangtan, Member of Parliament from Makwanpur, Province no 3 inaugurated the Manhari branch whereas Purna Kumar Shrestha, Mayor of Devchuli Municipality inaugurated the Daldale branch amid a program recently.</p> <p style="text-align: justify;">In the program, Bharat Raj Dhakal, CEO of the bank highlighted about the past, present and future strategies of the bank.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5828', 'image' => '20170612044702_muktinath.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '6043', 'article_category_id' => '1', 'title' => 'NB Opens Branch in Mitrapark', 'sub_title' => '', 'summary' => 'June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, ', 'content' => '<p style="text-align: justify;">June 12: Nepal Bangladesh Bank (NB) has opened a branch in Mitrapark, Kathmandu. Jalal Ahmed, Chairman of NB Bank inaugurated the branch amid a program on June 8. In the program, Gyanendra Prasad Dhungana, CEO of the bank informed about services and future strategies of the bank.</p> <p style="text-align: justify;">Presently, the bank is providing financial services from 45 branches, 4 extension counters, 7 branchless banking units and 45 ATM outlets. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5827', 'image' => '20170612044216_nb bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '6042', 'article_category_id' => '1', 'title' => 'Global IME and UAE Exchange Joins Hand', 'sub_title' => '', 'summary' => 'June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qata', 'content' => '<p style="text-align: justify;">June 12: Global IME has joined hand with UAE Exchange for remittance payments. Issuing a press statement, the bank said that it will be convenient to send money from UAE Exchange to Nepal after the collaboration. Global IME has been providing remittance services with collaboration from banks and exchange house of UAE, Qatar, Bahrain, India, Australia, Japan and Malaysia since its establishment, said the bank in a press statement.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5826', 'image' => '20170612043712_global.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '6041', 'article_category_id' => '1', 'title' => 'Garima Bikas Organizes Financial Literacy Program in Bhakimli', 'sub_title' => '', 'summary' => 'June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jya', 'content' => '<p style="text-align: justify;">June 12: Garima Bikas Bank has organized a financial literacy program in Bhakimli, Beni Municipality- 3, Myagdi. The bank provided information regarding importance and advantages of savings, bank account opening procedure, financial services, current programs and future strategies of the bank in the program organized at Jyanti Secondary School.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5825', 'image' => '20170612041204_garima bank.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '6040', 'article_category_id' => '1', 'title' => 'Panchakanya CPVC Pipes Receives ISI certification', 'sub_title' => '', 'summary' => 'June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.', 'content' => '<p style="text-align: justify;">June 11: Panchakanya Group manufactured CPVC pipes and fittings has received ISI certification for the first time in Nepal. The product was granted the ISI certification by Bureau of Indian Standards (BIS) recently.</p> <p style="text-align: justify;">Panchakanya Group has been producing CPVC pipes and fittings by using world renowned Japanese Sekisui raw materials for the past six years. According to the company, consumers have well accepted the pipes for plumbing system.</p> <p style="text-align: justify;">“The company has been able to successfully implement its commitment to quality and its slogan ‘Sadaiba Vishwasilo’ and ‘Sadhai Ek Kadam Agadi’ to behavior,” said Ujjwal Shrestha, Executive Director of the company. The pipes are suitable for hot/cold water, lead-free, non-corrosive, non-toxic, chemical and UV-resistant as per the company.</p> <p style="text-align: justify;">Moreover, the products are environment friendly, good for health, comparatively economical and cheap as well as can last for up to 50 years, informs the company.</p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5824', 'image' => '20170612011148_panchakanya.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '6039', 'article_category_id' => '1', 'title' => 'AAAN to Organize Crity Awards in September', 'sub_title' => '', 'summary' => 'June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to ', 'content' => '<p style="text-align: justify;">June 11: The Advertisement Agencies Association of Nepal (AAAN) is organizing the 9th Crity Awards on September. The Crity Awards, that is being organized from 2003 in a bid to identify and honor creativity of local advertising agencies, will be continued in this year as well, said the press statement issued by AAAN. According to the statement, a memorandum of understanding (MoU) was signed between Santosh Shrestha, President of AAAN and Pradip Pudasaini, General Manager of CG Brewery, the main sponsor of the event regarding the matter on June 9. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5823', 'image' => '20170612120435_krity award.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '6038', 'article_category_id' => '1', 'title' => 'Anchor Electrical Unveils Penta Switch in Nepal', 'sub_title' => '', 'summary' => 'June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. ', 'content' => '<p style="text-align: justify;">June 11: Anchor Electricals has introduced Penta Modular’s value plus switch in Nepal. Issuing a press statement, the company said that the brand is rapidly expanding its market. </p> <p style="text-align: justify;">In a launch program organized on Saturday, Kazuhiro Takeuji, General Manager of Anchor Electronics said that the increasing demand for electronic products in Nepali market has prompted the market expansion. He informed that the company has been distributing its products in Nepal through Premier Overseas since the last year. </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5822', 'image' => '20170612114702_penta switch.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '6037', 'article_category_id' => '1', 'title' => 'Flow of Loan in Unproductive Sector Diminishing ', 'sub_title' => '', 'summary' => 'June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.', 'content' => '<p style="text-align: justify;">June 12: The loan investments in unproductive sectors specified by the Nepal Rastra Bank (NRB), has started to come down now, only after a long time of being directed by the NRB.</p> <p style="text-align: justify;">The Macro Economic Report of the first 10 months of the current FY 2016/17 unveiled by NRB recently shows that the flow of loan has been decreased by Rs 90 million from mid- April to mid-May as compared to mid-March- mid-April in the current FY.</p> <p style="text-align: justify;"> Although the NRB had directed the banking and financial institutions (BFIs) to decrease the loan on these sectors, such as overdraft, real estate loan (including personal housing loan), hire purchase, share margin loan as unproductive sector, the statistics shows that the flow of loan is higher by Rs 133.02 billion as compared to the first 10 months of the previous FY.</p> <p style="text-align: justify;">In the one month period from mid-March to mid-April in the current fiscal year, the flow of loan on unproductive sector was Rs 8.27 billion, which came down to Rs 8.26 from mid-April to mid-May. As per the statistics of NRB, though the total flow of loan seems to increase, share margin loan has decreased by Rs 30 million or 0.77 percent.</p> <p style="text-align: justify;">Nara Bahadur Thapa, Executive Director of the Department of Research of NRB, informed that as the sudden decrease of flow of loan might create troubles in market, they have requested the BFIs to decrease the flow of loan in this sector to maintain financial discipline eventually.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5821', 'image' => '20170612112201_nrb.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '6036', 'article_category_id' => '1', 'title' => 'Ncell Initiatives Shortlisted for GSMA Asian Mobile Awards', 'sub_title' => '', 'summary' => 'June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were sh', 'content' => '<p style="text-align: justify;">June 12: Ncell’s two projects that aimed at connecting the unconnected and creating new opportunities in the rural communities have been nominated for the prestigious GSMA Asian Mobile Awards (AMOs) 2017. The company’s initiative to connect off-grid communities and another project that ensured access to drinking water and irrigation facilities to inhabitants of remote villages were shortlisted for the awards, said the company in a press statement.</p> <p style="text-align: justify;">GSMA recently announced the short-list for the AMOs 2017, in which Ncell’s two projects have found place for two different awards under the category ‘Social and Economic Development’. Winners of the AMO awards will be honored at the Asia Mobile Awards 2017 Ceremony to be held in Shanghai on June 28.</p> <p style="text-align: justify;">According to the statement, Ncell’s project that promotes off-grid power solutions, making both electricity and telecommunications facilities available to communities out of national electricity grid in Khotang and Udaypur has been nominated for ‘Best Mobile Innovation for Emerging Markets’ Awards. Under this project, Ncell in collaboration with Gham Power Nepal Private Limited, have been jointly promoting access to solar power generated by three micro-grids and mobile services, creating new social and economic opportunities for the people.</p> <p style="text-align: justify;">Similarly, another initiative which has been nominated for the award is Ncell’s Water for Livelihood Project. This project has been nominated for ‘Outstanding Mobile Contribution to the UN SDGs in Asia’ Award. Under this project, Ncell has supported three hilltop villages - Eladi, Dipka and Thuladi - of Syangja district to access water through deployment of clean water pumping technology. The system equipped with smart metering enables communities to efficiently manage water for household and commercial farming. This has ensured access to drinking water, improved sanitation, increase agricultural productivity, improved nutrition and raised income of the households, contributing to UN Sustainable Development Goals (SDGs).</p> <p style="text-align: justify;">“We congratulate all nominees for the 2017 Asia Mobile Awards,” said Michael O’Hara, Chief Marketing Officer, GSMA. “The AMOs highlight the technologies, products, services, companies and individuals that are leading the way in the Asia mobile industry today. We wish all those shortlisted the very best of luck and look forward to celebrating our industry’s best and brightest at Mobile World Congress Shanghai.”</p> <p style="text-align: justify;">In total, 115 nominees have been shortlisted for 12 awards across five categories: ‘Best Mobile Apps’, ‘Best Mobile Devices’, ‘Best Technology Innovation’, ‘Outstanding Achievement’, and the new category of ‘Social and Economic Development’. The AMO Awards are judged by more than 50 world-leading independent experts, analysts, journalists, academics and, in some cases, mobile operator representatives, reads the statement.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-06-12', 'modified' => '2017-06-12', 'keywords' => '', 'description' => '', 'sortorder' => '5820', 'image' => '20170612110958_ncell.jpg', 'article_date' => '2017-06-12 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '6034', 'article_category_id' => '1', 'title' => 'Steelbird Helmets Introduced in Nepali Market', 'sub_title' => '', 'summary' => 'June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.', 'content' => '<p style="text-align: justify;">June 9: India’s pioneer helmet manufacturer, Steelbird Hi-Tech India Ltd, has introduced its products in Nepali market.</p> <p style="text-align: justify;">The Steelbird which sells its products in more than 50 countries worldwide, has introduced its product for the first time in Nepal.</p> <p style="text-align: justify;">These helmets, which have received ISI standard, are affordable and safer than others; claims the company. Produced with the technological collaboration of one of the world’s best helmet manufacturer, BIEFFE; the company believes that the helmets will be on-demand in Nepal as well.</p> <p style="text-align: justify;">Various models of the helmets have been introduced in the market through the help of three main distributors. The company started its business in Nepal as well in order to expand their business in the SAARC nations.</p> <p style="text-align: justify;">“Although the helmets have always been around unofficially, the company will now conduct the sales in a systematic way,” says Shailendra Jain; Global Sales and Marketing Head of Steelbird.</p> <p style="text-align: justify;">He also said that since Nepal is one of the major markets for two-wheeler vehicles, they plan to introduce various new models especially designed to suit the demand here.</p> <p style="text-align: justify;">Out of their various types of products, the company plans to introduce the ones that are most sought-after by youngsters, which include Sport, Ultra-light, Open, appropriate for Dirt Bike, and washable and repairable types of helmets.</p> ', 'published' => true, 'created' => '2017-06-09', 'modified' => '2017-06-09', 'keywords' => '', 'description' => '', 'sortorder' => '5819', 'image' => '20170609051013_steelbird.jpg', 'article_date' => '2017-06-09 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
