NEWS

President Certifies BAFIA Bill

Apr 24, 2017 0 1 minutes 24 seconds to read

April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an…

Sunny Starts Branch at Chitwan

Apr 24, 2017 0 14 seconds to read

April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share…

SCB Organises Currency Exhibition

Apr 24, 2017 0 31 seconds to read

April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition ‘Nepal Britain Bicentenary Exhibition (BIEX)’ at Nepal Art Council, Kathmandu.…

Sanima Raises Interest Rate on Saving Account

Apr 24, 2017 0 16 seconds to read

April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment, the saving account of the bank yields eight percent annual interest rate.…

Sunrise Branch in Budhabare

Apr 24, 2017 0 39 seconds to read

April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April…

Aarambha Relocates Central Office

Apr 24, 2017 0 15 seconds to read

April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017.…

NEA to build Pump Storage to Meet Electricity Demand

Apr 23, 2017 0 2 minutes 26 seconds to read

April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak…

Discussion held on Industrial Enterprise Act -2016

Apr 23, 2017 0 1 minutes 29 seconds to read

April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of ‘CNI Discussion’ on April…

Oppo to Launch F3

Apr 23, 2017 0 58 seconds to read

April 23: Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April…

Norvic Int’l Hospital Celebrates 24th Anniversary

Apr 23, 2017 0 34 seconds to read

April 23: Norvic International Hospital has celebrated its 24th anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary…

Worldlink’s New Year Scheme

Apr 23, 2017 0 38 seconds to read

April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and…

US Government Urges Nepal to Exploit Nepal Trade Preference Programme

Apr 23, 2017 0 1 minutes 22 seconds to read

April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US…

Nepal Earns Praise from The World Bank

Apr 23, 2017 0 44 seconds to read

April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has gained praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of…

Ford’s 'Summer Exchange' and 'Test Drive' kicks off in Pokhara

Apr 21, 2017 0 54 seconds to read

April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a 'Summer Exchange' and 'Test Drive' event from Friday, April 21. The event will conclude on Sunday, April…

Help us to attract FDI into Nepal: Minister Joshi

Apr 21, 2017 0 1 minutes 52 seconds to read

April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal. Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'id' => '5760',
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			'title' => 'President Certifies BAFIA Bill',
			'sub_title' => '',
			'summary' => 'April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.',
			'content' => '<p style="text-align:justify">April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.</p>

<p style="text-align:justify">After the certification, tenure of CEO along with Managing Director of BFIs has been limited to 8 years for maximum of two terms. Earlier, the tenure was limited to 10 years comprising 2 terms each with 5 years.</p>

<p style="text-align:justify">The bill was amended repeatedly in the legislature parliament. However, a meeting of Finance Committee of Legislature Parliament endorsed the bill with few modifications on November 21.</p>

<p style="text-align:justify">The Act sets qualification and term for directors of any BFIs. According to the Act, the director of any BFIs should have Masters&#39; degree in any faculty or have bachelors&#39; degree with minimum of three years work experience as director or higher official in any BFIs or government owned bodies.</p>

<p style="text-align:justify">Moreover, the Act also mentions that any individual with at least 5 years of experience in domestic or international financial institution or in government service will also be eligible to work as a director of any BFIs. However, the Act prohibits any individual having more than 50 per cent investment in any company dealing with a bank from becoming director of the bank.</p>

<p style="text-align:justify">Similarly, the Act bars the individuals serving in constitutional posts to become board of director of any BFIs. After the implementation Act, the BFIs can convert their promoters share into general share after completing 10 years of operation by taking approval from NRB.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
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			'title' => 'Sunny Starts Branch at Chitwan',
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			'summary' => 'April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.',
			'content' => '<p style="text-align:justify">April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.</p>

<p style="text-align:justify">&nbsp;</p>
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			'title' => 'SCB Organises Currency Exhibition',
			'sub_title' => '',
			'summary' => 'April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition ‘Nepal Britain Bicentenary Exhibition (BIEX)’ at Nepal Art Council, Kathmandu. SCB',
			'content' => '<p style="text-align: justify;">April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition &lsquo;Nepal Britain Bicentenary Exhibition (BIEX)&rsquo; at Nepal Art Council, Kathmandu. SCB is organizing the BIEX to mark 200 years of Nepal-Britain relationship. In the currency exhibition, the bank is showcasing various Nepali bank notes printed by world renowned De La Rue. Moreover, the exhibition also showcases historical Botanical paintings of Nepal done through research of Sir Frances Hamilton, renowned historian and a botanist.&nbsp;</p>
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			'article_category_id' => '1',
			'title' => 'Sanima Raises Interest Rate on Saving Account',
			'sub_title' => '',
			'summary' => 'April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment,  the saving account of the bank yields eight percent annual interest rate. ',
			'content' => '<p style="text-align: justify;">April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment, &nbsp;the saving account of the bank yields eight percent annual interest rate.&nbsp;</p>
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			'sortorder' => '5542',
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			'id' => '5756',
			'article_category_id' => '1',
			'title' => 'Sunrise Branch in Budhabare',
			'sub_title' => '',
			'summary' => 'April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.',
			'content' => '<p style="text-align: justify;">April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.</p>

<p style="text-align: justify;">The bank started the branch as per its aim to expand its advance banking services, said Ratna Raj Bajracharya, CEO of the bank.</p>

<p style="text-align: justify;">to the bank, a locker service is also available in the branch. On the occasion of the opening, the bank is providing 50 percent concession for one month on locker charge in the branch.</p>

<p style="text-align: justify;">&nbsp;Presently, the bank is operating through a network of 69 branches and 78 ATM outlets.&nbsp;</p>
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			'id' => '5755',
			'article_category_id' => '1',
			'title' => 'Aarambha Relocates Central Office',
			'sub_title' => '',
			'summary' => 'April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017. ',
			'content' => '<p style="text-align: justify;">April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017.&nbsp;</p>
',
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			'sortorder' => '5540',
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		'Article' => array(
			'id' => '5754',
			'article_category_id' => '1',
			'title' => 'NEA to build Pump Storage to Meet Electricity Demand',
			'sub_title' => '',
			'summary' => 'April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.',
			'content' => '<p style="text-align: justify;">April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.</p>

<p style="text-align: justify;">According to Kulman Ghising, Managing Director of NEA, around 200 MW is needed as a backup to meet the demand. &quot;It is necessary to accumulate the electricity which has remained unused in the passive hours to prepare for backup for the busy hours,&quot; shares Ghising.&nbsp;</p>

<p style="text-align: justify;">We have been facing this situation because the electricity imported from India and produced by the private sector have not been able to meet the demand in the peak hour.</p>

<p style="text-align: justify;">Currently, NEA produces 351 MW of electricity and the private sector 155MW during the evening peak hours. To add to this, the country is also importing 369 MW from India. However, the statistics shows that the country&rsquo;s demand is a whopping 1,245 MW daily in the peak hours.</p>

<p style="text-align: justify;">NEA has been running a power cut for four hours in the evening to manage the electricity during the peak hour. Some power plants developed by NEA including the Chamelia (30 MW) and Kulekhani III (14 MW) and some other projects of private sector are yet to be completed. However, the NEA is considering the backup because all these production and imports will not be able to meet the demand.</p>

<p style="text-align: justify;">Ghising also recently visited Begnas lake and Rupa lake of Kaski district which have the potentials for pump storage system for generation of power.&nbsp; &quot;This place is naturally built for pump storage project. We just need to carry out few construction works to complete the project,&quot; Ghising shared.&nbsp;</p>

<p style="text-align: justify;">The primary research regarding the place has estimated that this project can produce 150-200 MW of electricity. The project has been especially designed to meet the demand of electricity in the peak hours of evening.</p>

<p style="text-align: justify;">However, the stakeholders are in dilemma thinking whether the generation of hydropower is possible or not as both the lakes are tourism spots and are under conservation areas.</p>

<p style="text-align: justify;">In addition to this, there is also a possibility of constructing pump storage in the Kulekhani Hydropower Project. &quot;For this, the NEA has also thought of managing a backup battery to collect 200 MW of electricity,&quot; says Prabal Adhikari, Spokesperson of NEA.</p>

<p style="text-align: justify;">He further shares that the battery needed for the backup is very large and expensive. Furthermore, there will be a big challenge in terms of its location and environmental impact to dispose the battery after its expiry.</p>
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			'id' => '5753',
			'article_category_id' => '1',
			'title' => 'Discussion held on Industrial Enterprise Act -2016',
			'sub_title' => '4th Edition of CNI Discussion',
			'summary' => 'April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of ‘CNI Discussion’ on April 21.',
			'content' => '<p style="text-align: justify;">April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of &lsquo;CNI Discussion&rsquo; on April 21.</p>

<p style="text-align: justify;">The discussion was held on different issues that should be taken in mind regarding the recently issued Industrial Enterprise Act particularly on the strength and weaknesses of the Act, inactive provisions of the Act and things to be considered while formulating bylaws.</p>

<p style="text-align: justify;">Rishi Raj Koirala, Joint Secretary of the Ministry of Industry (MoI) and Lumba Dhoj Mahat, Senior Chartered Accountant were the main speakers at the programme. CNI associated industrialists and entrepreneurs discussed on the Act and the impact of the Act on industries and enterprises.</p>

<p style="text-align: justify;">Joint Secretary Koirala said that this kind of discussion can be helpful in complaint hearing of entrepreneurs and for finding ways to solve the problems.</p>

<p style="text-align: justify;">According to a press statement issued by CNI, Joint Secretary Koirala expressed the view that CNI should give continuation to the interaction and discussion on contemporary issues with the experts from related field, stakeholders and with government officials.</p>

<p style="text-align: justify;">Similarly, Hari Bhakta Sharma, President of CNI said that implementation of an appropriate taxation system will help in expansion of industries, growth in GDP and in creating job opportunities.</p>

<p style="text-align: justify;">The questions raised by the participants of the programme were responded by Joint Secretary Koirala and Senior Chartered Accountant Mahat through a review.</p>

<p style="text-align: justify;">Concluded under the presidency of President Sharma, Vice-president of CNI, members of Governing Council, members of National Council and representatives of the member industrial enterprises had participated in the programme.</p>

<p style="text-align: justify;">&nbsp;</p>
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		'Article' => array(
			'id' => '5752',
			'article_category_id' => '1',
			'title' => 'Oppo to Launch F3',
			'sub_title' => '',
			'summary' => 'April 23: Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.',
			'content' => '<p style="text-align: justify;">April 23:<strong> </strong>Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.</p>

<p style="text-align: justify;">As per the company, it has maintained dual front camera in F3 as in F3 plus. Out of the two dual selfie camera, one is for solo selfie and another is for group selfie with wide angle. The F3 comes with a front camera having wide field of view compared to other smartphones, claimed the company. The new smartphone is equipped with best performing hardware and optimised software which will provide highly satisfying experience to its users, said the company.</p>

<p style="text-align: justify;">The new phone relieve its users from carrying selfie stick whenever going out. The new smartphone F3, under &lsquo;selfie expert&rsquo; series will have several features including quality group selfie, distortion minimization and beautify functions.&nbsp;</p>
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			'id' => '5751',
			'article_category_id' => '1',
			'title' => 'Norvic Int’l Hospital Celebrates 24th Anniversary',
			'sub_title' => '',
			'summary' => 'April 23: Norvic International Hospital has celebrated its 24th anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.',
			'content' => '<p style="text-align: justify;">April 23: Norvic International Hospital has celebrated its 24<sup>th</sup> anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.</p>

<p style="text-align: justify;">In the program, Basnata Kumar Chaudhary, Chairman of the hospital unveiled ambitious plan &lsquo;Vision 2022&rsquo; scheduled for the next five years. According to the plan, the hospital will be transformed to 200 beded hospital. Out of the 200 beds, the number of critical care beds will be increased to 50, private beds to 60, general beds to 90 and emergency beds to 20. Moreover, the hospital will add five ultra modern modular operating suites making the number eight.</p>
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			'id' => '5750',
			'article_category_id' => '1',
			'title' => 'Worldlink’s New Year Scheme',
			'sub_title' => '',
			'summary' => 'April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50',
			'content' => '<p style="text-align: justify;">April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50 mbps volume base internet will get extra volume base internet under the new scheme.</p>

<p style="text-align: justify;">As per the company, the users can use 3 mbps internet used for small offices and hotels at just Rs 2,000. Similarly, the company will provide 6 mbps unlimited internet used for middle scaled offices and hotels at just Rs 3,450. Under all new schemes, the company will provide internet protocol (IP) television at a minimum price to its customers.&nbsp;</p>
',
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			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5535',
			'image' => '20170423012337_world link.jpg',
			'article_date' => '2017-04-23 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5749',
			'article_category_id' => '1',
			'title' => 'US Government Urges Nepal to Exploit Nepal Trade Preference Programme',
			'sub_title' => '',
			'summary' => 'April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US governmen',
			'content' => '<p style="text-align: justify;">April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US government urged the government and Nepali traders to fully exploit the Trade Preference Programme.&nbsp; Under the programme, Nepal can export 77 products without any duty to USA.&nbsp; The government of USA, in a bid to support the economic growth of Nepal, after the devastating earthquake, provided duty-free access to 66 products. However, after the third meeting of TIFA, the US added 11 more products to the Nepal Trade Preference Programme.</p>

<p style="text-align: justify;">In the meeting, Nepal disseminated information to American side on improvements made in the sectors of promoting investment, custom management and easing businesses. The Nepali side also informed the US representatives about the various technical supports required to forward reform programs on these sectors. Meanwhile, the American side praised the reformation tasks in the sectors of financial and industrial strengthening, promotion of investment, conservation of intellectual assets and easing businesses. Moreover, the US committed to provide technical support to reform these sectors in the meeting.</p>

<p style="text-align: justify;">In a bid to promote and increase trade of Nepali products in American market, Nepal and America carried out TIFA agreement on 2007. The third meeting of TIFA, which was held in Kathmandu, last week, was led by Naindra Prasad Upadhyay, Commerce Secretary from the Nepal side and by Mark Linscott, assistant trade representative from the US.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'sortorder' => '5534',
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			'id' => '5748',
			'article_category_id' => '1',
			'title' => 'Nepal Earns Praise from The World Bank ',
			'sub_title' => '',
			'summary' => 'April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has gained praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Ne',
			'content' => '<p>April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has earned&nbsp;praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Nepal praised the higher economical growth of the country. He also congratulated Finance Minister of Nepal and Nepali representatives participating in the meeting for the growth.</p>

<p>&ldquo;In the meeting, The World Bank has committed to double the support amount under IDA 18 in order to accelerate the economic development of Nepal,&rdquo; said Baikuntha Aryal, Joint Secretary of Finance Ministry who participated the meeting. The bank has been supporting various developing economies under International Development Association (IDA). Aryal opined that The World Bank support to Nepal will pillar high economic growth in 2018.</p>

<p>&nbsp;</p>
',
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			'created' => '2017-04-23',
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			'description' => '',
			'sortorder' => '5533',
			'image' => '20170423110434_the world bank.jpg',
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			'id' => '5747',
			'article_category_id' => '1',
			'title' => 'Ford’s 'Summer Exchange' and 'Test Drive' kicks off in Pokhara',
			'sub_title' => '',
			'summary' => 'April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a 'Summer Exchange' and 'Test Drive' event from Friday, April 21. The event will conclude on Sunday, April 23.',
			'content' => '<p style="text-align: justify;">April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a &#39;Summer Exchange&#39; and &#39;Test Drive&#39; event from Friday, April 21. The event will conclude on Sunday, April 23.</p>

<p style="text-align: justify;">According to Dhruba Bahadur Thapa, Managing Director of the company, Ford is giving 80 per cent of financing with zero percent interest rate to all its customers.</p>

<p style="text-align: justify;">&quot;We are expecting many customers to come and buy and also exchange their older vehicles to new ones during the event,&quot; said the MD.&nbsp; During the event, the visitors can also do the test drive in new model of Ford automobiles of 2017.</p>

<p style="text-align: justify;">Ford in Pokhara sells 37 kinds of Ford automobiles which include Ford Figo, Eco Sports, Ranger, and Endeavour.&nbsp;</p>

<p style="text-align: justify;">The company shares that one of the main reason the people choose Ford is because of its features such as safety, good mileage, attractive design and standard in quality.&nbsp;</p>
',
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			'created' => '2017-04-21',
			'modified' => '2017-04-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5532',
			'image' => '20170421052902_ford.jpg',
			'article_date' => '2017-04-21 00:00:00',
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			'id' => '5746',
			'article_category_id' => '1',
			'title' => 'Help us to attract FDI into Nepal: Minister Joshi',
			'sub_title' => '',
			'summary' => 'April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal.   Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.',
			'content' => '<p style="text-align: justify;">April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal. &nbsp;&nbsp;Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.</p>

<p style="text-align: justify;">Informing that his ministry has aimed at attracting Rs 25,000 billion of FDI within the next 10 years, Joshi expected necessary help from foreign diplomats to meet the target.</p>

<p style="text-align: justify;">Similarly, Minister Joshi informed that the government was working to turn the investment commitment expressed by different countries during investment summit in Kathmandu, into reality. Stating that Nepal is a virgin country for foreign investment, he requested the representatives of diplomatic bodies to lobby for investing in Nepal.</p>

<p style="text-align: justify;">&ldquo;We have made a lot of improvement in laws,&rdquo; he said, adding, &ldquo;We are trying to bring the remaining policies and laws as soon as possible.&rdquo;</p>

<p style="text-align: justify;">It is noted that after the appointment of Joshi as Industry Minister, Special Economic Zone (SEZ) Act, Industrial Entrepreneurship Act and Company Act have already been amended. Similarly, Amendment of Mines and Minerals Regulations and National Intellectual Property Policies have also been issued.</p>

<p style="text-align: justify;">Likewise, the Ministry has constituted a committee for the operation of &lsquo;one window service&rsquo; for facilitating foreign investment. Stating that the investment environment has already been prepared, Minister Joshi clarified that they are trying to develop the country as a new destination for investment. He said, &ldquo;The commitment by all political parties for the economic prosperity in the forthcoming local election is encouraging.&rdquo;</p>

<p style="text-align: justify;">In the discussion, ambassadors of various countries said the local level election in time will help bring policy level stability and suggested that the ministry bring the laws on foreign investment, labor and land use and intellectual property.</p>

<p style="text-align: justify;">&nbsp;Japanese Ambassador Masashi Ogawa pointed out the need to assure that Nepal is an investment-friendly country. Joint Secretary at the Ministry Pradip Kumar Koirala made a presentation on the priorities and target of the Ministry.</p>
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		'Article' => array(
			'id' => '5760',
			'article_category_id' => '1',
			'title' => 'President Certifies BAFIA Bill',
			'sub_title' => '',
			'summary' => 'April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.',
			'content' => '<p style="text-align:justify">April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.</p>

<p style="text-align:justify">After the certification, tenure of CEO along with Managing Director of BFIs has been limited to 8 years for maximum of two terms. Earlier, the tenure was limited to 10 years comprising 2 terms each with 5 years.</p>

<p style="text-align:justify">The bill was amended repeatedly in the legislature parliament. However, a meeting of Finance Committee of Legislature Parliament endorsed the bill with few modifications on November 21.</p>

<p style="text-align:justify">The Act sets qualification and term for directors of any BFIs. According to the Act, the director of any BFIs should have Masters&#39; degree in any faculty or have bachelors&#39; degree with minimum of three years work experience as director or higher official in any BFIs or government owned bodies.</p>

<p style="text-align:justify">Moreover, the Act also mentions that any individual with at least 5 years of experience in domestic or international financial institution or in government service will also be eligible to work as a director of any BFIs. However, the Act prohibits any individual having more than 50 per cent investment in any company dealing with a bank from becoming director of the bank.</p>

<p style="text-align:justify">Similarly, the Act bars the individuals serving in constitutional posts to become board of director of any BFIs. After the implementation Act, the BFIs can convert their promoters share into general share after completing 10 years of operation by taking approval from NRB.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
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			'description' => '',
			'sortorder' => '5545',
			'image' => '20170424124838_bafia.jpg',
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			'id' => '5759',
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			'title' => 'Sunny Starts Branch at Chitwan',
			'sub_title' => '',
			'summary' => 'April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.',
			'content' => '<p style="text-align:justify">April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-04-24',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5544',
			'image' => '20170424114054_sunny.jpg',
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			'id' => '5758',
			'article_category_id' => '1',
			'title' => 'SCB Organises Currency Exhibition',
			'sub_title' => '',
			'summary' => 'April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition ‘Nepal Britain Bicentenary Exhibition (BIEX)’ at Nepal Art Council, Kathmandu. SCB',
			'content' => '<p style="text-align: justify;">April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition &lsquo;Nepal Britain Bicentenary Exhibition (BIEX)&rsquo; at Nepal Art Council, Kathmandu. SCB is organizing the BIEX to mark 200 years of Nepal-Britain relationship. In the currency exhibition, the bank is showcasing various Nepali bank notes printed by world renowned De La Rue. Moreover, the exhibition also showcases historical Botanical paintings of Nepal done through research of Sir Frances Hamilton, renowned historian and a botanist.&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
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			'description' => '',
			'sortorder' => '5543',
			'image' => '20170424113620_scb.jpg',
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			'id' => '5757',
			'article_category_id' => '1',
			'title' => 'Sanima Raises Interest Rate on Saving Account',
			'sub_title' => '',
			'summary' => 'April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment,  the saving account of the bank yields eight percent annual interest rate. ',
			'content' => '<p style="text-align: justify;">April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment, &nbsp;the saving account of the bank yields eight percent annual interest rate.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5542',
			'image' => '20170424111435_sanima.jpg',
			'article_date' => '2017-04-24 00:00:00',
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		'Article' => array(
			'id' => '5756',
			'article_category_id' => '1',
			'title' => 'Sunrise Branch in Budhabare',
			'sub_title' => '',
			'summary' => 'April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.',
			'content' => '<p style="text-align: justify;">April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.</p>

<p style="text-align: justify;">The bank started the branch as per its aim to expand its advance banking services, said Ratna Raj Bajracharya, CEO of the bank.</p>

<p style="text-align: justify;">to the bank, a locker service is also available in the branch. On the occasion of the opening, the bank is providing 50 percent concession for one month on locker charge in the branch.</p>

<p style="text-align: justify;">&nbsp;Presently, the bank is operating through a network of 69 branches and 78 ATM outlets.&nbsp;</p>
',
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			'sortorder' => '5541',
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			'id' => '5755',
			'article_category_id' => '1',
			'title' => 'Aarambha Relocates Central Office',
			'sub_title' => '',
			'summary' => 'April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017. ',
			'content' => '<p style="text-align: justify;">April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017.&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5540',
			'image' => '20170424104848_aarambha.jpg',
			'article_date' => '2017-04-24 00:00:00',
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		'Article' => array(
			'id' => '5754',
			'article_category_id' => '1',
			'title' => 'NEA to build Pump Storage to Meet Electricity Demand',
			'sub_title' => '',
			'summary' => 'April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.',
			'content' => '<p style="text-align: justify;">April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.</p>

<p style="text-align: justify;">According to Kulman Ghising, Managing Director of NEA, around 200 MW is needed as a backup to meet the demand. &quot;It is necessary to accumulate the electricity which has remained unused in the passive hours to prepare for backup for the busy hours,&quot; shares Ghising.&nbsp;</p>

<p style="text-align: justify;">We have been facing this situation because the electricity imported from India and produced by the private sector have not been able to meet the demand in the peak hour.</p>

<p style="text-align: justify;">Currently, NEA produces 351 MW of electricity and the private sector 155MW during the evening peak hours. To add to this, the country is also importing 369 MW from India. However, the statistics shows that the country&rsquo;s demand is a whopping 1,245 MW daily in the peak hours.</p>

<p style="text-align: justify;">NEA has been running a power cut for four hours in the evening to manage the electricity during the peak hour. Some power plants developed by NEA including the Chamelia (30 MW) and Kulekhani III (14 MW) and some other projects of private sector are yet to be completed. However, the NEA is considering the backup because all these production and imports will not be able to meet the demand.</p>

<p style="text-align: justify;">Ghising also recently visited Begnas lake and Rupa lake of Kaski district which have the potentials for pump storage system for generation of power.&nbsp; &quot;This place is naturally built for pump storage project. We just need to carry out few construction works to complete the project,&quot; Ghising shared.&nbsp;</p>

<p style="text-align: justify;">The primary research regarding the place has estimated that this project can produce 150-200 MW of electricity. The project has been especially designed to meet the demand of electricity in the peak hours of evening.</p>

<p style="text-align: justify;">However, the stakeholders are in dilemma thinking whether the generation of hydropower is possible or not as both the lakes are tourism spots and are under conservation areas.</p>

<p style="text-align: justify;">In addition to this, there is also a possibility of constructing pump storage in the Kulekhani Hydropower Project. &quot;For this, the NEA has also thought of managing a backup battery to collect 200 MW of electricity,&quot; says Prabal Adhikari, Spokesperson of NEA.</p>

<p style="text-align: justify;">He further shares that the battery needed for the backup is very large and expensive. Furthermore, there will be a big challenge in terms of its location and environmental impact to dispose the battery after its expiry.</p>
',
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			'sortorder' => '5539',
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		'Article' => array(
			'id' => '5753',
			'article_category_id' => '1',
			'title' => 'Discussion held on Industrial Enterprise Act -2016',
			'sub_title' => '4th Edition of CNI Discussion',
			'summary' => 'April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of ‘CNI Discussion’ on April 21.',
			'content' => '<p style="text-align: justify;">April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of &lsquo;CNI Discussion&rsquo; on April 21.</p>

<p style="text-align: justify;">The discussion was held on different issues that should be taken in mind regarding the recently issued Industrial Enterprise Act particularly on the strength and weaknesses of the Act, inactive provisions of the Act and things to be considered while formulating bylaws.</p>

<p style="text-align: justify;">Rishi Raj Koirala, Joint Secretary of the Ministry of Industry (MoI) and Lumba Dhoj Mahat, Senior Chartered Accountant were the main speakers at the programme. CNI associated industrialists and entrepreneurs discussed on the Act and the impact of the Act on industries and enterprises.</p>

<p style="text-align: justify;">Joint Secretary Koirala said that this kind of discussion can be helpful in complaint hearing of entrepreneurs and for finding ways to solve the problems.</p>

<p style="text-align: justify;">According to a press statement issued by CNI, Joint Secretary Koirala expressed the view that CNI should give continuation to the interaction and discussion on contemporary issues with the experts from related field, stakeholders and with government officials.</p>

<p style="text-align: justify;">Similarly, Hari Bhakta Sharma, President of CNI said that implementation of an appropriate taxation system will help in expansion of industries, growth in GDP and in creating job opportunities.</p>

<p style="text-align: justify;">The questions raised by the participants of the programme were responded by Joint Secretary Koirala and Senior Chartered Accountant Mahat through a review.</p>

<p style="text-align: justify;">Concluded under the presidency of President Sharma, Vice-president of CNI, members of Governing Council, members of National Council and representatives of the member industrial enterprises had participated in the programme.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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		'Article' => array(
			'id' => '5752',
			'article_category_id' => '1',
			'title' => 'Oppo to Launch F3',
			'sub_title' => '',
			'summary' => 'April 23: Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.',
			'content' => '<p style="text-align: justify;">April 23:<strong> </strong>Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.</p>

<p style="text-align: justify;">As per the company, it has maintained dual front camera in F3 as in F3 plus. Out of the two dual selfie camera, one is for solo selfie and another is for group selfie with wide angle. The F3 comes with a front camera having wide field of view compared to other smartphones, claimed the company. The new smartphone is equipped with best performing hardware and optimised software which will provide highly satisfying experience to its users, said the company.</p>

<p style="text-align: justify;">The new phone relieve its users from carrying selfie stick whenever going out. The new smartphone F3, under &lsquo;selfie expert&rsquo; series will have several features including quality group selfie, distortion minimization and beautify functions.&nbsp;</p>
',
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			'sortorder' => '5537',
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		'Article' => array(
			'id' => '5751',
			'article_category_id' => '1',
			'title' => 'Norvic Int’l Hospital Celebrates 24th Anniversary',
			'sub_title' => '',
			'summary' => 'April 23: Norvic International Hospital has celebrated its 24th anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.',
			'content' => '<p style="text-align: justify;">April 23: Norvic International Hospital has celebrated its 24<sup>th</sup> anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.</p>

<p style="text-align: justify;">In the program, Basnata Kumar Chaudhary, Chairman of the hospital unveiled ambitious plan &lsquo;Vision 2022&rsquo; scheduled for the next five years. According to the plan, the hospital will be transformed to 200 beded hospital. Out of the 200 beds, the number of critical care beds will be increased to 50, private beds to 60, general beds to 90 and emergency beds to 20. Moreover, the hospital will add five ultra modern modular operating suites making the number eight.</p>
',
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			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5536',
			'image' => '20170423014623_norvic.jpg',
			'article_date' => '2017-04-23 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5750',
			'article_category_id' => '1',
			'title' => 'Worldlink’s New Year Scheme',
			'sub_title' => '',
			'summary' => 'April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50',
			'content' => '<p style="text-align: justify;">April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50 mbps volume base internet will get extra volume base internet under the new scheme.</p>

<p style="text-align: justify;">As per the company, the users can use 3 mbps internet used for small offices and hotels at just Rs 2,000. Similarly, the company will provide 6 mbps unlimited internet used for middle scaled offices and hotels at just Rs 3,450. Under all new schemes, the company will provide internet protocol (IP) television at a minimum price to its customers.&nbsp;</p>
',
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			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5535',
			'image' => '20170423012337_world link.jpg',
			'article_date' => '2017-04-23 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5749',
			'article_category_id' => '1',
			'title' => 'US Government Urges Nepal to Exploit Nepal Trade Preference Programme',
			'sub_title' => '',
			'summary' => 'April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US governmen',
			'content' => '<p style="text-align: justify;">April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US government urged the government and Nepali traders to fully exploit the Trade Preference Programme.&nbsp; Under the programme, Nepal can export 77 products without any duty to USA.&nbsp; The government of USA, in a bid to support the economic growth of Nepal, after the devastating earthquake, provided duty-free access to 66 products. However, after the third meeting of TIFA, the US added 11 more products to the Nepal Trade Preference Programme.</p>

<p style="text-align: justify;">In the meeting, Nepal disseminated information to American side on improvements made in the sectors of promoting investment, custom management and easing businesses. The Nepali side also informed the US representatives about the various technical supports required to forward reform programs on these sectors. Meanwhile, the American side praised the reformation tasks in the sectors of financial and industrial strengthening, promotion of investment, conservation of intellectual assets and easing businesses. Moreover, the US committed to provide technical support to reform these sectors in the meeting.</p>

<p style="text-align: justify;">In a bid to promote and increase trade of Nepali products in American market, Nepal and America carried out TIFA agreement on 2007. The third meeting of TIFA, which was held in Kathmandu, last week, was led by Naindra Prasad Upadhyay, Commerce Secretary from the Nepal side and by Mark Linscott, assistant trade representative from the US.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5534',
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			'id' => '5748',
			'article_category_id' => '1',
			'title' => 'Nepal Earns Praise from The World Bank ',
			'sub_title' => '',
			'summary' => 'April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has gained praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Ne',
			'content' => '<p>April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has earned&nbsp;praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Nepal praised the higher economical growth of the country. He also congratulated Finance Minister of Nepal and Nepali representatives participating in the meeting for the growth.</p>

<p>&ldquo;In the meeting, The World Bank has committed to double the support amount under IDA 18 in order to accelerate the economic development of Nepal,&rdquo; said Baikuntha Aryal, Joint Secretary of Finance Ministry who participated the meeting. The bank has been supporting various developing economies under International Development Association (IDA). Aryal opined that The World Bank support to Nepal will pillar high economic growth in 2018.</p>

<p>&nbsp;</p>
',
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			'sortorder' => '5533',
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		'Article' => array(
			'id' => '5747',
			'article_category_id' => '1',
			'title' => 'Ford’s 'Summer Exchange' and 'Test Drive' kicks off in Pokhara',
			'sub_title' => '',
			'summary' => 'April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a 'Summer Exchange' and 'Test Drive' event from Friday, April 21. The event will conclude on Sunday, April 23.',
			'content' => '<p style="text-align: justify;">April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a &#39;Summer Exchange&#39; and &#39;Test Drive&#39; event from Friday, April 21. The event will conclude on Sunday, April 23.</p>

<p style="text-align: justify;">According to Dhruba Bahadur Thapa, Managing Director of the company, Ford is giving 80 per cent of financing with zero percent interest rate to all its customers.</p>

<p style="text-align: justify;">&quot;We are expecting many customers to come and buy and also exchange their older vehicles to new ones during the event,&quot; said the MD.&nbsp; During the event, the visitors can also do the test drive in new model of Ford automobiles of 2017.</p>

<p style="text-align: justify;">Ford in Pokhara sells 37 kinds of Ford automobiles which include Ford Figo, Eco Sports, Ranger, and Endeavour.&nbsp;</p>

<p style="text-align: justify;">The company shares that one of the main reason the people choose Ford is because of its features such as safety, good mileage, attractive design and standard in quality.&nbsp;</p>
',
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			'created' => '2017-04-21',
			'modified' => '2017-04-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5532',
			'image' => '20170421052902_ford.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5746',
			'article_category_id' => '1',
			'title' => 'Help us to attract FDI into Nepal: Minister Joshi',
			'sub_title' => '',
			'summary' => 'April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal.   Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.',
			'content' => '<p style="text-align: justify;">April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal. &nbsp;&nbsp;Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.</p>

<p style="text-align: justify;">Informing that his ministry has aimed at attracting Rs 25,000 billion of FDI within the next 10 years, Joshi expected necessary help from foreign diplomats to meet the target.</p>

<p style="text-align: justify;">Similarly, Minister Joshi informed that the government was working to turn the investment commitment expressed by different countries during investment summit in Kathmandu, into reality. Stating that Nepal is a virgin country for foreign investment, he requested the representatives of diplomatic bodies to lobby for investing in Nepal.</p>

<p style="text-align: justify;">&ldquo;We have made a lot of improvement in laws,&rdquo; he said, adding, &ldquo;We are trying to bring the remaining policies and laws as soon as possible.&rdquo;</p>

<p style="text-align: justify;">It is noted that after the appointment of Joshi as Industry Minister, Special Economic Zone (SEZ) Act, Industrial Entrepreneurship Act and Company Act have already been amended. Similarly, Amendment of Mines and Minerals Regulations and National Intellectual Property Policies have also been issued.</p>

<p style="text-align: justify;">Likewise, the Ministry has constituted a committee for the operation of &lsquo;one window service&rsquo; for facilitating foreign investment. Stating that the investment environment has already been prepared, Minister Joshi clarified that they are trying to develop the country as a new destination for investment. He said, &ldquo;The commitment by all political parties for the economic prosperity in the forthcoming local election is encouraging.&rdquo;</p>

<p style="text-align: justify;">In the discussion, ambassadors of various countries said the local level election in time will help bring policy level stability and suggested that the ministry bring the laws on foreign investment, labor and land use and intellectual property.</p>

<p style="text-align: justify;">&nbsp;Japanese Ambassador Masashi Ogawa pointed out the need to assure that Nepal is an investment-friendly country. Joint Secretary at the Ministry Pradip Kumar Koirala made a presentation on the priorities and target of the Ministry.</p>
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			'id' => '5760',
			'article_category_id' => '1',
			'title' => 'President Certifies BAFIA Bill',
			'sub_title' => '',
			'summary' => 'April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.',
			'content' => '<p style="text-align:justify">April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.</p>

<p style="text-align:justify">After the certification, tenure of CEO along with Managing Director of BFIs has been limited to 8 years for maximum of two terms. Earlier, the tenure was limited to 10 years comprising 2 terms each with 5 years.</p>

<p style="text-align:justify">The bill was amended repeatedly in the legislature parliament. However, a meeting of Finance Committee of Legislature Parliament endorsed the bill with few modifications on November 21.</p>

<p style="text-align:justify">The Act sets qualification and term for directors of any BFIs. According to the Act, the director of any BFIs should have Masters&#39; degree in any faculty or have bachelors&#39; degree with minimum of three years work experience as director or higher official in any BFIs or government owned bodies.</p>

<p style="text-align:justify">Moreover, the Act also mentions that any individual with at least 5 years of experience in domestic or international financial institution or in government service will also be eligible to work as a director of any BFIs. However, the Act prohibits any individual having more than 50 per cent investment in any company dealing with a bank from becoming director of the bank.</p>

<p style="text-align:justify">Similarly, the Act bars the individuals serving in constitutional posts to become board of director of any BFIs. After the implementation Act, the BFIs can convert their promoters share into general share after completing 10 years of operation by taking approval from NRB.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
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			'title' => 'Sunny Starts Branch at Chitwan',
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			'summary' => 'April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.',
			'content' => '<p style="text-align:justify">April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.</p>

<p style="text-align:justify">&nbsp;</p>
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			'title' => 'SCB Organises Currency Exhibition',
			'sub_title' => '',
			'summary' => 'April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition ‘Nepal Britain Bicentenary Exhibition (BIEX)’ at Nepal Art Council, Kathmandu. SCB',
			'content' => '<p style="text-align: justify;">April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition &lsquo;Nepal Britain Bicentenary Exhibition (BIEX)&rsquo; at Nepal Art Council, Kathmandu. SCB is organizing the BIEX to mark 200 years of Nepal-Britain relationship. In the currency exhibition, the bank is showcasing various Nepali bank notes printed by world renowned De La Rue. Moreover, the exhibition also showcases historical Botanical paintings of Nepal done through research of Sir Frances Hamilton, renowned historian and a botanist.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5543',
			'image' => '20170424113620_scb.jpg',
			'article_date' => '2017-04-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5757',
			'article_category_id' => '1',
			'title' => 'Sanima Raises Interest Rate on Saving Account',
			'sub_title' => '',
			'summary' => 'April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment,  the saving account of the bank yields eight percent annual interest rate. ',
			'content' => '<p style="text-align: justify;">April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment, &nbsp;the saving account of the bank yields eight percent annual interest rate.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5542',
			'image' => '20170424111435_sanima.jpg',
			'article_date' => '2017-04-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5756',
			'article_category_id' => '1',
			'title' => 'Sunrise Branch in Budhabare',
			'sub_title' => '',
			'summary' => 'April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.',
			'content' => '<p style="text-align: justify;">April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.</p>

<p style="text-align: justify;">The bank started the branch as per its aim to expand its advance banking services, said Ratna Raj Bajracharya, CEO of the bank.</p>

<p style="text-align: justify;">to the bank, a locker service is also available in the branch. On the occasion of the opening, the bank is providing 50 percent concession for one month on locker charge in the branch.</p>

<p style="text-align: justify;">&nbsp;Presently, the bank is operating through a network of 69 branches and 78 ATM outlets.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5541',
			'image' => '20170424110613_sunrise.jpg',
			'article_date' => '2017-04-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5755',
			'article_category_id' => '1',
			'title' => 'Aarambha Relocates Central Office',
			'sub_title' => '',
			'summary' => 'April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017. ',
			'content' => '<p style="text-align: justify;">April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5540',
			'image' => '20170424104848_aarambha.jpg',
			'article_date' => '2017-04-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5754',
			'article_category_id' => '1',
			'title' => 'NEA to build Pump Storage to Meet Electricity Demand',
			'sub_title' => '',
			'summary' => 'April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.',
			'content' => '<p style="text-align: justify;">April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.</p>

<p style="text-align: justify;">According to Kulman Ghising, Managing Director of NEA, around 200 MW is needed as a backup to meet the demand. &quot;It is necessary to accumulate the electricity which has remained unused in the passive hours to prepare for backup for the busy hours,&quot; shares Ghising.&nbsp;</p>

<p style="text-align: justify;">We have been facing this situation because the electricity imported from India and produced by the private sector have not been able to meet the demand in the peak hour.</p>

<p style="text-align: justify;">Currently, NEA produces 351 MW of electricity and the private sector 155MW during the evening peak hours. To add to this, the country is also importing 369 MW from India. However, the statistics shows that the country&rsquo;s demand is a whopping 1,245 MW daily in the peak hours.</p>

<p style="text-align: justify;">NEA has been running a power cut for four hours in the evening to manage the electricity during the peak hour. Some power plants developed by NEA including the Chamelia (30 MW) and Kulekhani III (14 MW) and some other projects of private sector are yet to be completed. However, the NEA is considering the backup because all these production and imports will not be able to meet the demand.</p>

<p style="text-align: justify;">Ghising also recently visited Begnas lake and Rupa lake of Kaski district which have the potentials for pump storage system for generation of power.&nbsp; &quot;This place is naturally built for pump storage project. We just need to carry out few construction works to complete the project,&quot; Ghising shared.&nbsp;</p>

<p style="text-align: justify;">The primary research regarding the place has estimated that this project can produce 150-200 MW of electricity. The project has been especially designed to meet the demand of electricity in the peak hours of evening.</p>

<p style="text-align: justify;">However, the stakeholders are in dilemma thinking whether the generation of hydropower is possible or not as both the lakes are tourism spots and are under conservation areas.</p>

<p style="text-align: justify;">In addition to this, there is also a possibility of constructing pump storage in the Kulekhani Hydropower Project. &quot;For this, the NEA has also thought of managing a backup battery to collect 200 MW of electricity,&quot; says Prabal Adhikari, Spokesperson of NEA.</p>

<p style="text-align: justify;">He further shares that the battery needed for the backup is very large and expensive. Furthermore, there will be a big challenge in terms of its location and environmental impact to dispose the battery after its expiry.</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5539',
			'image' => '20170423050524_nea.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5753',
			'article_category_id' => '1',
			'title' => 'Discussion held on Industrial Enterprise Act -2016',
			'sub_title' => '4th Edition of CNI Discussion',
			'summary' => 'April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of ‘CNI Discussion’ on April 21.',
			'content' => '<p style="text-align: justify;">April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of &lsquo;CNI Discussion&rsquo; on April 21.</p>

<p style="text-align: justify;">The discussion was held on different issues that should be taken in mind regarding the recently issued Industrial Enterprise Act particularly on the strength and weaknesses of the Act, inactive provisions of the Act and things to be considered while formulating bylaws.</p>

<p style="text-align: justify;">Rishi Raj Koirala, Joint Secretary of the Ministry of Industry (MoI) and Lumba Dhoj Mahat, Senior Chartered Accountant were the main speakers at the programme. CNI associated industrialists and entrepreneurs discussed on the Act and the impact of the Act on industries and enterprises.</p>

<p style="text-align: justify;">Joint Secretary Koirala said that this kind of discussion can be helpful in complaint hearing of entrepreneurs and for finding ways to solve the problems.</p>

<p style="text-align: justify;">According to a press statement issued by CNI, Joint Secretary Koirala expressed the view that CNI should give continuation to the interaction and discussion on contemporary issues with the experts from related field, stakeholders and with government officials.</p>

<p style="text-align: justify;">Similarly, Hari Bhakta Sharma, President of CNI said that implementation of an appropriate taxation system will help in expansion of industries, growth in GDP and in creating job opportunities.</p>

<p style="text-align: justify;">The questions raised by the participants of the programme were responded by Joint Secretary Koirala and Senior Chartered Accountant Mahat through a review.</p>

<p style="text-align: justify;">Concluded under the presidency of President Sharma, Vice-president of CNI, members of Governing Council, members of National Council and representatives of the member industrial enterprises had participated in the programme.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5538',
			'image' => '20170423040315_cni.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5752',
			'article_category_id' => '1',
			'title' => 'Oppo to Launch F3',
			'sub_title' => '',
			'summary' => 'April 23: Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.',
			'content' => '<p style="text-align: justify;">April 23:<strong> </strong>Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.</p>

<p style="text-align: justify;">As per the company, it has maintained dual front camera in F3 as in F3 plus. Out of the two dual selfie camera, one is for solo selfie and another is for group selfie with wide angle. The F3 comes with a front camera having wide field of view compared to other smartphones, claimed the company. The new smartphone is equipped with best performing hardware and optimised software which will provide highly satisfying experience to its users, said the company.</p>

<p style="text-align: justify;">The new phone relieve its users from carrying selfie stick whenever going out. The new smartphone F3, under &lsquo;selfie expert&rsquo; series will have several features including quality group selfie, distortion minimization and beautify functions.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5537',
			'image' => '20170423035943_oppo.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5751',
			'article_category_id' => '1',
			'title' => 'Norvic Int’l Hospital Celebrates 24th Anniversary',
			'sub_title' => '',
			'summary' => 'April 23: Norvic International Hospital has celebrated its 24th anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.',
			'content' => '<p style="text-align: justify;">April 23: Norvic International Hospital has celebrated its 24<sup>th</sup> anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.</p>

<p style="text-align: justify;">In the program, Basnata Kumar Chaudhary, Chairman of the hospital unveiled ambitious plan &lsquo;Vision 2022&rsquo; scheduled for the next five years. According to the plan, the hospital will be transformed to 200 beded hospital. Out of the 200 beds, the number of critical care beds will be increased to 50, private beds to 60, general beds to 90 and emergency beds to 20. Moreover, the hospital will add five ultra modern modular operating suites making the number eight.</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5536',
			'image' => '20170423014623_norvic.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5750',
			'article_category_id' => '1',
			'title' => 'Worldlink’s New Year Scheme',
			'sub_title' => '',
			'summary' => 'April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50',
			'content' => '<p style="text-align: justify;">April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50 mbps volume base internet will get extra volume base internet under the new scheme.</p>

<p style="text-align: justify;">As per the company, the users can use 3 mbps internet used for small offices and hotels at just Rs 2,000. Similarly, the company will provide 6 mbps unlimited internet used for middle scaled offices and hotels at just Rs 3,450. Under all new schemes, the company will provide internet protocol (IP) television at a minimum price to its customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5535',
			'image' => '20170423012337_world link.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5749',
			'article_category_id' => '1',
			'title' => 'US Government Urges Nepal to Exploit Nepal Trade Preference Programme',
			'sub_title' => '',
			'summary' => 'April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US governmen',
			'content' => '<p style="text-align: justify;">April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US government urged the government and Nepali traders to fully exploit the Trade Preference Programme.&nbsp; Under the programme, Nepal can export 77 products without any duty to USA.&nbsp; The government of USA, in a bid to support the economic growth of Nepal, after the devastating earthquake, provided duty-free access to 66 products. However, after the third meeting of TIFA, the US added 11 more products to the Nepal Trade Preference Programme.</p>

<p style="text-align: justify;">In the meeting, Nepal disseminated information to American side on improvements made in the sectors of promoting investment, custom management and easing businesses. The Nepali side also informed the US representatives about the various technical supports required to forward reform programs on these sectors. Meanwhile, the American side praised the reformation tasks in the sectors of financial and industrial strengthening, promotion of investment, conservation of intellectual assets and easing businesses. Moreover, the US committed to provide technical support to reform these sectors in the meeting.</p>

<p style="text-align: justify;">In a bid to promote and increase trade of Nepali products in American market, Nepal and America carried out TIFA agreement on 2007. The third meeting of TIFA, which was held in Kathmandu, last week, was led by Naindra Prasad Upadhyay, Commerce Secretary from the Nepal side and by Mark Linscott, assistant trade representative from the US.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5534',
			'image' => '20170423120444_ustrade.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5748',
			'article_category_id' => '1',
			'title' => 'Nepal Earns Praise from The World Bank ',
			'sub_title' => '',
			'summary' => 'April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has gained praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Ne',
			'content' => '<p>April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has earned&nbsp;praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Nepal praised the higher economical growth of the country. He also congratulated Finance Minister of Nepal and Nepali representatives participating in the meeting for the growth.</p>

<p>&ldquo;In the meeting, The World Bank has committed to double the support amount under IDA 18 in order to accelerate the economic development of Nepal,&rdquo; said Baikuntha Aryal, Joint Secretary of Finance Ministry who participated the meeting. The bank has been supporting various developing economies under International Development Association (IDA). Aryal opined that The World Bank support to Nepal will pillar high economic growth in 2018.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5533',
			'image' => '20170423110434_the world bank.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5747',
			'article_category_id' => '1',
			'title' => 'Ford’s 'Summer Exchange' and 'Test Drive' kicks off in Pokhara',
			'sub_title' => '',
			'summary' => 'April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a 'Summer Exchange' and 'Test Drive' event from Friday, April 21. The event will conclude on Sunday, April 23.',
			'content' => '<p style="text-align: justify;">April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a &#39;Summer Exchange&#39; and &#39;Test Drive&#39; event from Friday, April 21. The event will conclude on Sunday, April 23.</p>

<p style="text-align: justify;">According to Dhruba Bahadur Thapa, Managing Director of the company, Ford is giving 80 per cent of financing with zero percent interest rate to all its customers.</p>

<p style="text-align: justify;">&quot;We are expecting many customers to come and buy and also exchange their older vehicles to new ones during the event,&quot; said the MD.&nbsp; During the event, the visitors can also do the test drive in new model of Ford automobiles of 2017.</p>

<p style="text-align: justify;">Ford in Pokhara sells 37 kinds of Ford automobiles which include Ford Figo, Eco Sports, Ranger, and Endeavour.&nbsp;</p>

<p style="text-align: justify;">The company shares that one of the main reason the people choose Ford is because of its features such as safety, good mileage, attractive design and standard in quality.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-21',
			'modified' => '2017-04-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5532',
			'image' => '20170421052902_ford.jpg',
			'article_date' => '2017-04-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5746',
			'article_category_id' => '1',
			'title' => 'Help us to attract FDI into Nepal: Minister Joshi',
			'sub_title' => '',
			'summary' => 'April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal.   Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.',
			'content' => '<p style="text-align: justify;">April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal. &nbsp;&nbsp;Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.</p>

<p style="text-align: justify;">Informing that his ministry has aimed at attracting Rs 25,000 billion of FDI within the next 10 years, Joshi expected necessary help from foreign diplomats to meet the target.</p>

<p style="text-align: justify;">Similarly, Minister Joshi informed that the government was working to turn the investment commitment expressed by different countries during investment summit in Kathmandu, into reality. Stating that Nepal is a virgin country for foreign investment, he requested the representatives of diplomatic bodies to lobby for investing in Nepal.</p>

<p style="text-align: justify;">&ldquo;We have made a lot of improvement in laws,&rdquo; he said, adding, &ldquo;We are trying to bring the remaining policies and laws as soon as possible.&rdquo;</p>

<p style="text-align: justify;">It is noted that after the appointment of Joshi as Industry Minister, Special Economic Zone (SEZ) Act, Industrial Entrepreneurship Act and Company Act have already been amended. Similarly, Amendment of Mines and Minerals Regulations and National Intellectual Property Policies have also been issued.</p>

<p style="text-align: justify;">Likewise, the Ministry has constituted a committee for the operation of &lsquo;one window service&rsquo; for facilitating foreign investment. Stating that the investment environment has already been prepared, Minister Joshi clarified that they are trying to develop the country as a new destination for investment. He said, &ldquo;The commitment by all political parties for the economic prosperity in the forthcoming local election is encouraging.&rdquo;</p>

<p style="text-align: justify;">In the discussion, ambassadors of various countries said the local level election in time will help bring policy level stability and suggested that the ministry bring the laws on foreign investment, labor and land use and intellectual property.</p>

<p style="text-align: justify;">&nbsp;Japanese Ambassador Masashi Ogawa pointed out the need to assure that Nepal is an investment-friendly country. Joint Secretary at the Ministry Pradip Kumar Koirala made a presentation on the priorities and target of the Ministry.</p>
',
			'published' => true,
			'created' => '2017-04-21',
			'modified' => '2017-04-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5531',
			'image' => '20170421052049_nabin.jpg',
			'article_date' => '2017-04-21 00:00:00',
			'homepage' => false,
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			'user_id' => '16'
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		'Article' => array(
			'id' => '5760',
			'article_category_id' => '1',
			'title' => 'President Certifies BAFIA Bill',
			'sub_title' => '',
			'summary' => 'April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.',
			'content' => '<p style="text-align:justify">April 24: President Bidya Devi Bhandari has certified Banks and Financial Institutions Act (BAFIA) bill 2073 on April 23. With the certification from President, the bill will be implemented as an Act.</p>

<p style="text-align:justify">After the certification, tenure of CEO along with Managing Director of BFIs has been limited to 8 years for maximum of two terms. Earlier, the tenure was limited to 10 years comprising 2 terms each with 5 years.</p>

<p style="text-align:justify">The bill was amended repeatedly in the legislature parliament. However, a meeting of Finance Committee of Legislature Parliament endorsed the bill with few modifications on November 21.</p>

<p style="text-align:justify">The Act sets qualification and term for directors of any BFIs. According to the Act, the director of any BFIs should have Masters&#39; degree in any faculty or have bachelors&#39; degree with minimum of three years work experience as director or higher official in any BFIs or government owned bodies.</p>

<p style="text-align:justify">Moreover, the Act also mentions that any individual with at least 5 years of experience in domestic or international financial institution or in government service will also be eligible to work as a director of any BFIs. However, the Act prohibits any individual having more than 50 per cent investment in any company dealing with a bank from becoming director of the bank.</p>

<p style="text-align:justify">Similarly, the Act bars the individuals serving in constitutional posts to become board of director of any BFIs. After the implementation Act, the BFIs can convert their promoters share into general share after completing 10 years of operation by taking approval from NRB.&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5545',
			'image' => '20170424124838_bafia.jpg',
			'article_date' => '2017-04-24 00:00:00',
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			'id' => '5759',
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			'title' => 'Sunny Starts Branch at Chitwan',
			'sub_title' => '',
			'summary' => 'April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.',
			'content' => '<p style="text-align:justify">April 24: Sunny Securities Company has started a branch at Narayanghat, Chitwan. Sita Ram Thapaliya, CEO of Nepal Stock Exchange inaugurated the branch amid a program. On the occasion, Thapaliya interacted with general share investors.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5544',
			'image' => '20170424114054_sunny.jpg',
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			'id' => '5758',
			'article_category_id' => '1',
			'title' => 'SCB Organises Currency Exhibition',
			'sub_title' => '',
			'summary' => 'April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition ‘Nepal Britain Bicentenary Exhibition (BIEX)’ at Nepal Art Council, Kathmandu. SCB',
			'content' => '<p style="text-align: justify;">April 24: Standard Chartered Bank Nepal has been organizing a currency exhibition in Dristi Art Gallery of its Lazimpat branch. The bank is organizing the currency exhibition as an extended event of the main exhibition &lsquo;Nepal Britain Bicentenary Exhibition (BIEX)&rsquo; at Nepal Art Council, Kathmandu. SCB is organizing the BIEX to mark 200 years of Nepal-Britain relationship. In the currency exhibition, the bank is showcasing various Nepali bank notes printed by world renowned De La Rue. Moreover, the exhibition also showcases historical Botanical paintings of Nepal done through research of Sir Frances Hamilton, renowned historian and a botanist.&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5543',
			'image' => '20170424113620_scb.jpg',
			'article_date' => '2017-04-24 00:00:00',
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			'id' => '5757',
			'article_category_id' => '1',
			'title' => 'Sanima Raises Interest Rate on Saving Account',
			'sub_title' => '',
			'summary' => 'April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment,  the saving account of the bank yields eight percent annual interest rate. ',
			'content' => '<p style="text-align: justify;">April 24: Sanima Bank has increased interest rate on all types of saving accounts. Issuing a press statement, the bank said that it raised three percent interest rate on all accounts. With the increment, &nbsp;the saving account of the bank yields eight percent annual interest rate.&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5542',
			'image' => '20170424111435_sanima.jpg',
			'article_date' => '2017-04-24 00:00:00',
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		'Article' => array(
			'id' => '5756',
			'article_category_id' => '1',
			'title' => 'Sunrise Branch in Budhabare',
			'sub_title' => '',
			'summary' => 'April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.',
			'content' => '<p style="text-align: justify;">April 24: Sunrise Bank has started a branch at Budhabare of Jhapa. Gobinda Poudel, President of Budhabare Chamber of Commerce and Industries and Robin Nepal, Deputy General Manager of the bank jointly inaugurated the branch amid a program on April 23.</p>

<p style="text-align: justify;">The bank started the branch as per its aim to expand its advance banking services, said Ratna Raj Bajracharya, CEO of the bank.</p>

<p style="text-align: justify;">to the bank, a locker service is also available in the branch. On the occasion of the opening, the bank is providing 50 percent concession for one month on locker charge in the branch.</p>

<p style="text-align: justify;">&nbsp;Presently, the bank is operating through a network of 69 branches and 78 ATM outlets.&nbsp;</p>
',
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			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5541',
			'image' => '20170424110613_sunrise.jpg',
			'article_date' => '2017-04-24 00:00:00',
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		'Article' => array(
			'id' => '5755',
			'article_category_id' => '1',
			'title' => 'Aarambha Relocates Central Office',
			'sub_title' => '',
			'summary' => 'April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017. ',
			'content' => '<p style="text-align: justify;">April 24: Aarambha Microfinance Bittiya Sanstha has relocated its central office. The microfinance relocated its central office from Bahunepati of Sindhupalchowk to Banepa of Kavrepalanchowk district. The microfinance having 15 workstations in the hilly region is providing its services through 16 branches in 11 various district by mid-April 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-24',
			'modified' => '2017-04-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5540',
			'image' => '20170424104848_aarambha.jpg',
			'article_date' => '2017-04-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5754',
			'article_category_id' => '1',
			'title' => 'NEA to build Pump Storage to Meet Electricity Demand',
			'sub_title' => '',
			'summary' => 'April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.',
			'content' => '<p style="text-align: justify;">April 23: Currently, the supply of electricity in Nepal is 370 MW lesser than the demand. To mitigate this problem, the Nepal Electricity Authority (NEA) has set a strategy to use the power which has not been used during the night to cover the demand of electricity in peak hours.</p>

<p style="text-align: justify;">According to Kulman Ghising, Managing Director of NEA, around 200 MW is needed as a backup to meet the demand. &quot;It is necessary to accumulate the electricity which has remained unused in the passive hours to prepare for backup for the busy hours,&quot; shares Ghising.&nbsp;</p>

<p style="text-align: justify;">We have been facing this situation because the electricity imported from India and produced by the private sector have not been able to meet the demand in the peak hour.</p>

<p style="text-align: justify;">Currently, NEA produces 351 MW of electricity and the private sector 155MW during the evening peak hours. To add to this, the country is also importing 369 MW from India. However, the statistics shows that the country&rsquo;s demand is a whopping 1,245 MW daily in the peak hours.</p>

<p style="text-align: justify;">NEA has been running a power cut for four hours in the evening to manage the electricity during the peak hour. Some power plants developed by NEA including the Chamelia (30 MW) and Kulekhani III (14 MW) and some other projects of private sector are yet to be completed. However, the NEA is considering the backup because all these production and imports will not be able to meet the demand.</p>

<p style="text-align: justify;">Ghising also recently visited Begnas lake and Rupa lake of Kaski district which have the potentials for pump storage system for generation of power.&nbsp; &quot;This place is naturally built for pump storage project. We just need to carry out few construction works to complete the project,&quot; Ghising shared.&nbsp;</p>

<p style="text-align: justify;">The primary research regarding the place has estimated that this project can produce 150-200 MW of electricity. The project has been especially designed to meet the demand of electricity in the peak hours of evening.</p>

<p style="text-align: justify;">However, the stakeholders are in dilemma thinking whether the generation of hydropower is possible or not as both the lakes are tourism spots and are under conservation areas.</p>

<p style="text-align: justify;">In addition to this, there is also a possibility of constructing pump storage in the Kulekhani Hydropower Project. &quot;For this, the NEA has also thought of managing a backup battery to collect 200 MW of electricity,&quot; says Prabal Adhikari, Spokesperson of NEA.</p>

<p style="text-align: justify;">He further shares that the battery needed for the backup is very large and expensive. Furthermore, there will be a big challenge in terms of its location and environmental impact to dispose the battery after its expiry.</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5539',
			'image' => '20170423050524_nea.jpg',
			'article_date' => '2017-04-23 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '5753',
			'article_category_id' => '1',
			'title' => 'Discussion held on Industrial Enterprise Act -2016',
			'sub_title' => '4th Edition of CNI Discussion',
			'summary' => 'April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of ‘CNI Discussion’ on April 21.',
			'content' => '<p style="text-align: justify;">April 23: The Confederation of Nepalese Industries (CNI) concluded the fourth edition of &lsquo;CNI Discussion&rsquo; on April 21.</p>

<p style="text-align: justify;">The discussion was held on different issues that should be taken in mind regarding the recently issued Industrial Enterprise Act particularly on the strength and weaknesses of the Act, inactive provisions of the Act and things to be considered while formulating bylaws.</p>

<p style="text-align: justify;">Rishi Raj Koirala, Joint Secretary of the Ministry of Industry (MoI) and Lumba Dhoj Mahat, Senior Chartered Accountant were the main speakers at the programme. CNI associated industrialists and entrepreneurs discussed on the Act and the impact of the Act on industries and enterprises.</p>

<p style="text-align: justify;">Joint Secretary Koirala said that this kind of discussion can be helpful in complaint hearing of entrepreneurs and for finding ways to solve the problems.</p>

<p style="text-align: justify;">According to a press statement issued by CNI, Joint Secretary Koirala expressed the view that CNI should give continuation to the interaction and discussion on contemporary issues with the experts from related field, stakeholders and with government officials.</p>

<p style="text-align: justify;">Similarly, Hari Bhakta Sharma, President of CNI said that implementation of an appropriate taxation system will help in expansion of industries, growth in GDP and in creating job opportunities.</p>

<p style="text-align: justify;">The questions raised by the participants of the programme were responded by Joint Secretary Koirala and Senior Chartered Accountant Mahat through a review.</p>

<p style="text-align: justify;">Concluded under the presidency of President Sharma, Vice-president of CNI, members of Governing Council, members of National Council and representatives of the member industrial enterprises had participated in the programme.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5538',
			'image' => '20170423040315_cni.jpg',
			'article_date' => '2017-04-23 00:00:00',
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		'Article' => array(
			'id' => '5752',
			'article_category_id' => '1',
			'title' => 'Oppo to Launch F3',
			'sub_title' => '',
			'summary' => 'April 23: Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.',
			'content' => '<p style="text-align: justify;">April 23:<strong> </strong>Chinese smartphone maker, Oppo is preparing to launch dual selfie camera phone F3 in the market. According to the company, the users can capture attractive and finer solo or group selfie from the handset. The company already started first sale of F3 Plus in countries such as Nepal, India, Vietnam, Indonesia, Philippines and Myanmar from April 1.</p>

<p style="text-align: justify;">As per the company, it has maintained dual front camera in F3 as in F3 plus. Out of the two dual selfie camera, one is for solo selfie and another is for group selfie with wide angle. The F3 comes with a front camera having wide field of view compared to other smartphones, claimed the company. The new smartphone is equipped with best performing hardware and optimised software which will provide highly satisfying experience to its users, said the company.</p>

<p style="text-align: justify;">The new phone relieve its users from carrying selfie stick whenever going out. The new smartphone F3, under &lsquo;selfie expert&rsquo; series will have several features including quality group selfie, distortion minimization and beautify functions.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5537',
			'image' => '20170423035943_oppo.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5751',
			'article_category_id' => '1',
			'title' => 'Norvic Int’l Hospital Celebrates 24th Anniversary',
			'sub_title' => '',
			'summary' => 'April 23: Norvic International Hospital has celebrated its 24th anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.',
			'content' => '<p style="text-align: justify;">April 23: Norvic International Hospital has celebrated its 24<sup>th</sup> anniversary by organising various programs. Nanda Bahadur Pun, Vice-President of Nepal was the Chief Guest of the anniversary program.</p>

<p style="text-align: justify;">In the program, Basnata Kumar Chaudhary, Chairman of the hospital unveiled ambitious plan &lsquo;Vision 2022&rsquo; scheduled for the next five years. According to the plan, the hospital will be transformed to 200 beded hospital. Out of the 200 beds, the number of critical care beds will be increased to 50, private beds to 60, general beds to 90 and emergency beds to 20. Moreover, the hospital will add five ultra modern modular operating suites making the number eight.</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5536',
			'image' => '20170423014623_norvic.jpg',
			'article_date' => '2017-04-23 00:00:00',
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		'Article' => array(
			'id' => '5750',
			'article_category_id' => '1',
			'title' => 'Worldlink’s New Year Scheme',
			'sub_title' => '',
			'summary' => 'April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50',
			'content' => '<p style="text-align: justify;">April 23: Internet service provider Worldlink has introduced a new scheme on the occasion of the New Year. Under the new scheme, the company will provide 5 mbps and 10 mbps unlimited internet service at just Rs 1,350 and Rs 1,600 respectively. According to the company, customers using 25 mbps and 50 mbps volume base internet will get extra volume base internet under the new scheme.</p>

<p style="text-align: justify;">As per the company, the users can use 3 mbps internet used for small offices and hotels at just Rs 2,000. Similarly, the company will provide 6 mbps unlimited internet used for middle scaled offices and hotels at just Rs 3,450. Under all new schemes, the company will provide internet protocol (IP) television at a minimum price to its customers.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-23',
			'modified' => '2017-04-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5535',
			'image' => '20170423012337_world link.jpg',
			'article_date' => '2017-04-23 00:00:00',
			'homepage' => false,
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			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5749',
			'article_category_id' => '1',
			'title' => 'US Government Urges Nepal to Exploit Nepal Trade Preference Programme',
			'sub_title' => '',
			'summary' => 'April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US governmen',
			'content' => '<p style="text-align: justify;">April 23: The US government has urged the Nepali Government and business sector to take advantage of the Nepal Trade Preference Programme initiated by the US government last year. After the third meeting of Trade and Investment Framework Agreement (TIFA) council, the US government urged the government and Nepali traders to fully exploit the Trade Preference Programme.&nbsp; Under the programme, Nepal can export 77 products without any duty to USA.&nbsp; The government of USA, in a bid to support the economic growth of Nepal, after the devastating earthquake, provided duty-free access to 66 products. However, after the third meeting of TIFA, the US added 11 more products to the Nepal Trade Preference Programme.</p>

<p style="text-align: justify;">In the meeting, Nepal disseminated information to American side on improvements made in the sectors of promoting investment, custom management and easing businesses. The Nepali side also informed the US representatives about the various technical supports required to forward reform programs on these sectors. Meanwhile, the American side praised the reformation tasks in the sectors of financial and industrial strengthening, promotion of investment, conservation of intellectual assets and easing businesses. Moreover, the US committed to provide technical support to reform these sectors in the meeting.</p>

<p style="text-align: justify;">In a bid to promote and increase trade of Nepali products in American market, Nepal and America carried out TIFA agreement on 2007. The third meeting of TIFA, which was held in Kathmandu, last week, was led by Naindra Prasad Upadhyay, Commerce Secretary from the Nepal side and by Mark Linscott, assistant trade representative from the US.</p>

<p style="text-align: justify;">&nbsp;</p>
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		'Article' => array(
			'id' => '5748',
			'article_category_id' => '1',
			'title' => 'Nepal Earns Praise from The World Bank ',
			'sub_title' => '',
			'summary' => 'April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has gained praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Ne',
			'content' => '<p>April 23: The prediction of Nepali government of attaining 6.5 percent economical growth has earned&nbsp;praises in meetings of World Bank and International Monetary Fund (IMF). In the meeting held at Washington DC of America, Andin Hadiyanto, Executive Director of The World Bank calling the name of Nepal praised the higher economical growth of the country. He also congratulated Finance Minister of Nepal and Nepali representatives participating in the meeting for the growth.</p>

<p>&ldquo;In the meeting, The World Bank has committed to double the support amount under IDA 18 in order to accelerate the economic development of Nepal,&rdquo; said Baikuntha Aryal, Joint Secretary of Finance Ministry who participated the meeting. The bank has been supporting various developing economies under International Development Association (IDA). Aryal opined that The World Bank support to Nepal will pillar high economic growth in 2018.</p>

<p>&nbsp;</p>
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			'sortorder' => '5533',
			'image' => '20170423110434_the world bank.jpg',
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		'Article' => array(
			'id' => '5747',
			'article_category_id' => '1',
			'title' => 'Ford’s 'Summer Exchange' and 'Test Drive' kicks off in Pokhara',
			'sub_title' => '',
			'summary' => 'April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a 'Summer Exchange' and 'Test Drive' event from Friday, April 21. The event will conclude on Sunday, April 23.',
			'content' => '<p style="text-align: justify;">April 21: Auto Venture Private Limited, which is the authorised distributor of Ford in Gandaki and Dhaulagiri zones has organized a &#39;Summer Exchange&#39; and &#39;Test Drive&#39; event from Friday, April 21. The event will conclude on Sunday, April 23.</p>

<p style="text-align: justify;">According to Dhruba Bahadur Thapa, Managing Director of the company, Ford is giving 80 per cent of financing with zero percent interest rate to all its customers.</p>

<p style="text-align: justify;">&quot;We are expecting many customers to come and buy and also exchange their older vehicles to new ones during the event,&quot; said the MD.&nbsp; During the event, the visitors can also do the test drive in new model of Ford automobiles of 2017.</p>

<p style="text-align: justify;">Ford in Pokhara sells 37 kinds of Ford automobiles which include Ford Figo, Eco Sports, Ranger, and Endeavour.&nbsp;</p>

<p style="text-align: justify;">The company shares that one of the main reason the people choose Ford is because of its features such as safety, good mileage, attractive design and standard in quality.&nbsp;</p>
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			'created' => '2017-04-21',
			'modified' => '2017-04-21',
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			'id' => '5746',
			'article_category_id' => '1',
			'title' => 'Help us to attract FDI into Nepal: Minister Joshi',
			'sub_title' => '',
			'summary' => 'April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal.   Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.',
			'content' => '<p style="text-align: justify;">April 21: Industry Minister Nabindra Raj Joshi has called on ambassadors of different countries to Nepal to help attract foreign direct investment (FDI) in Nepal. &nbsp;&nbsp;Minister Joshi made this call to foreign diplomats at a discussion held at the Ministry of Industry on April 20.</p>

<p style="text-align: justify;">Informing that his ministry has aimed at attracting Rs 25,000 billion of FDI within the next 10 years, Joshi expected necessary help from foreign diplomats to meet the target.</p>

<p style="text-align: justify;">Similarly, Minister Joshi informed that the government was working to turn the investment commitment expressed by different countries during investment summit in Kathmandu, into reality. Stating that Nepal is a virgin country for foreign investment, he requested the representatives of diplomatic bodies to lobby for investing in Nepal.</p>

<p style="text-align: justify;">&ldquo;We have made a lot of improvement in laws,&rdquo; he said, adding, &ldquo;We are trying to bring the remaining policies and laws as soon as possible.&rdquo;</p>

<p style="text-align: justify;">It is noted that after the appointment of Joshi as Industry Minister, Special Economic Zone (SEZ) Act, Industrial Entrepreneurship Act and Company Act have already been amended. Similarly, Amendment of Mines and Minerals Regulations and National Intellectual Property Policies have also been issued.</p>

<p style="text-align: justify;">Likewise, the Ministry has constituted a committee for the operation of &lsquo;one window service&rsquo; for facilitating foreign investment. Stating that the investment environment has already been prepared, Minister Joshi clarified that they are trying to develop the country as a new destination for investment. He said, &ldquo;The commitment by all political parties for the economic prosperity in the forthcoming local election is encouraging.&rdquo;</p>

<p style="text-align: justify;">In the discussion, ambassadors of various countries said the local level election in time will help bring policy level stability and suggested that the ministry bring the laws on foreign investment, labor and land use and intellectual property.</p>

<p style="text-align: justify;">&nbsp;Japanese Ambassador Masashi Ogawa pointed out the need to assure that Nepal is an investment-friendly country. Joint Secretary at the Ministry Pradip Kumar Koirala made a presentation on the priorities and target of the Ministry.</p>
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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00