Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '5625',
			'article_category_id' => '1',
			'title' => 'HP Lubricant’s Dealers Meet',
			'sub_title' => '',
			'summary' => 'April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers’ meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company. ',
			'content' => '<p style="text-align: justify;">April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers&rsquo; meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5410',
			'image' => '20170403025327_meet.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5624',
			'article_category_id' => '1',
			'title' => 'Siddhartha Devt to Issue 10:6 Right Shares',
			'sub_title' => '',
			'summary' => 'April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.',
			'content' => '<p style="text-align: justify;">April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.</p>

<p style="text-align: justify;">According to the bank, interested shareholders registered in the shareholders book by March 1 can apply for the right shares. The bank has appointed Nabil Investment Banking as its Issue Manager. Apart from the Issue Manager, the shareholders can submit their application in all the branch offices of Siddhartha Development Bank. Presently, the bank has paid-up capital of Rs 1.41 billion. After the issuance of the right shares, the paid-up capital will increase up to Rs 2.27 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 25 per cent to Rs 186.8 million compared to the corresponding period of last FY. Similarly, net interest income has increased by 85.21 per cent to Rs 383.8 million compared to the review period of last FY. &nbsp;Likewise, operating profit of the bank has increased by 19.13 per cent to Rs 273.4 million. In the second quarter of the current FY, bad debt of the bank has been rested at 2.78 per cent.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5409',
			'image' => '20170403013209_siddahrtha.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
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			'id' => '5623',
			'article_category_id' => '1',
			'title' => 'Global Bank to Propose 15.73% Bonus Share in 10th AGM Conducting Today',
			'sub_title' => '',
			'summary' => 'April 3: Global IME Bank is conducting its 10th annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of director',
			'content' => '<p style="text-align: justify;">April 3: Global IME Bank is conducting its 10<sup>th</sup> annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of directors to initiate merger and acquisition process with other banks and financial institutions.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, the bank having paid-up capital of Rs 7.15 billion has earned net profit of Rs 906.2 million in the first half of the current FY.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5408',
			'image' => '20170403011023_GLOBAL IME.jpg',
			'article_date' => '2017-04-03 00:00:00',
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			'id' => '5622',
			'article_category_id' => '1',
			'title' => 'NBL Endorses Right Issue',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Bank Ltd has concluded its 57th annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.',
			'content' => '<p style="text-align: justify;">April 3: Nepal Bank Ltd has concluded its 57<sup>th</sup> annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5407',
			'image' => '20170403120324_nepal bank.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '5621',
			'article_category_id' => '1',
			'title' => 'NRB Approves Merger of Mahalaxmi and Yeti',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of ‘Mahalaxmi Bikas Bank’. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement. ',
			'content' => '<p>April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of &lsquo;Mahalaxmi Bikas Bank&rsquo;. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5406',
			'image' => '20170403115139_maha-yeti.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5620',
			'article_category_id' => '1',
			'title' => 'Nabil Branch in Boudha',
			'sub_title' => '',
			'summary' => 'April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.',
			'content' => '<p style="text-align: justify;">April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.</p>

<p style="text-align: justify;">The branch will provide easy and convenient banking experience to the customers, reads the statement. Presently, the bank is providing its services through 52 branches and 95 ATM outlets.</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5405',
			'image' => '20170403112845_nabil.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5619',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank in Itahari',
			'sub_title' => '',
			'summary' => 'April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29. ',
			'content' => '<p style="text-align: justify;">April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5404',
			'image' => '20170403111847_tourism.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5618',
			'article_category_id' => '1',
			'title' => 'Ministry Still Issuing Licenses for Analog Cable',
			'sub_title' => '',
			'summary' => 'April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.',
			'content' => '<p style="text-align: justify;">April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.</p>

<p style="text-align: justify;">MoIC, through a minister-level decision had decided to close the operation of cable television based on analog technology in all the metropolises and sub-metropolises from April 14, 2013 and across the country from April 14, 2015.</p>

<p style="text-align: justify;">The ministry is found to provide licenses to operate analog cable television to New Home Vision on April 21 and Cable Television Network of Nepal Pvt. Ltd. on April 22, 2015.</p>

<p style="text-align: justify;">Similarly, the ministry has also issued license to Yangshila Cable TV Network Pvt. Ltd. and Alka Cable Network Pvt. Ltd on July 2 and 13 respectively in 2015.</p>

<p style="text-align: justify;">On the updated details of cable broadcasters till December 15, 2015, the ministry has also included the newly licensed cable operators.</p>

<p style="text-align: justify;">Meanwhile, Anil Bhujel, Engineer of Department of Cable Television and Films of MoIC, said that the ministry had only renewed the licenses and has not issued new ones.</p>

<p style="text-align: justify;">According to him, the licenses that were received before closing the issuance have been canceled, and new license was issued by charging some fines.</p>

<p style="text-align: justify;">&ldquo;Analog cable television licenses were canceled for failure of timely renewal,&rdquo; he said, adding, &ldquo;But they were still in operation at that time.&rdquo; He further said that license was given only to those few cable television companies and it has also been closed lately.</p>

<p style="text-align: justify;">By amending the National Broadcasting Regulations for the sixth time in 2013, the government had made a provision to shift to digital system from the analog cable technology within three years in metropolises and sub-metropolises, four years in municipalities and five years in other areas through a notice published in Nepal Gazette.&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5403',
			'image' => '20170402050505_digital_tv_switchover.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5617',
			'article_category_id' => '1',
			'title' => 'UTS Felicitates Personalities of Various Field',
			'sub_title' => '',
			'summary' => 'April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored ‘Teach for Nepal’ in education category under ‘Voith Sprit of Excellence 2017’. Suresh Raj Sharma, former Vice-Chancellor of Kathman',
			'content' => '<p style="text-align: justify;">April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored &lsquo;Teach for Nepal&rsquo; in education category under &lsquo;Voith Sprit of Excellence 2017&rsquo;. Suresh Raj Sharma, former Vice-Chancellor of Kathmandu University provided the award to the organization. Similarly, in health category, &lsquo;Possible&rsquo; was given the award. The health category award was provided by Dr Sanduk Ruit. Likewise, Manoj Pandey and Charu Chadda won the media category award. They were felicitated by artist Nir Shah. Moreover, Suraj Singh Vaidhya, Chairman of UTS felicitated Dr Suresh Raj Sharma, Dr Sanduk &nbsp;Roit and Nir Shah, senior personalities of education, health and media sector by wrapping shawls around them.</p>

<p style="text-align: justify;">Meanwhile, the company also unveiled two new Toyota vehicles amid a program on March 30. The newly launched Toyota vehicles include &lsquo;All New Innova Crysta&rsquo;and All New Fortuner&rsquo;.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5402',
			'image' => '20170402043151_toyota.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '5616',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Lands its Third Aircraft',
			'sub_title' => '',
			'summary' => 'April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.',
			'content' => '<p style="text-align: justify;">April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.</p>

<p style="text-align: justify;">The privately-owned airlines company with joint Nepal-China investment and established in 2016 with one aircraft had brought its second aircraft two months ago.</p>

<p style="text-align: justify;">The airlines has landed its third aircraft at Tribhuwan International Airport on March 31. The company has registered the new aircraft A320 with its call sign 9N-ALW.</p>

<p style="text-align: justify;">According to the company, it organised a special programme to welcome the new aircraft that landed in Kathmandu on March 31. The airlines has started its flights to two new destinations - Kuala Lumpur and Yangon (Myanmar) this year. According to Vice-chairman Bijay Shrestha, the company added the third aircraft with a view to enhancing worldwide flight network and strengthening Nepal airlines network.</p>

<p style="text-align: justify;">The company has shared that the new aircraft has a total 158 seat- capacity including eight business class seats and 150 that of economy class. The airlines mentioned that new airbus will conduct its flights to Dubai, Dammam, Hong Kong, New Delhi, Chennai, Bangkok and Beijing from April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5401',
			'image' => '20170402035608_himalayan airlines.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5615',
			'article_category_id' => '1',
			'title' => 'Generation Next Unveiled Apple’s Red iPhone',
			'sub_title' => '',
			'summary' => 'April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company. ',
			'content' => '<p style="text-align: justify;">April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company.&nbsp;</p>

<p style="text-align: justify;">Moreover, the company has requested its customers to purchase iPhone from the authorised distributor in order to get VAT bill and one year warranty.</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5400',
			'image' => '20170402012706_GEN NEXT.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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	(int) 11 => array(
		'Article' => array(
			'id' => '5614',
			'article_category_id' => '1',
			'title' => 'IPO of Himalay Power in the Pipeline',
			'sub_title' => '',
			'summary' => 'April 2: Himalay Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager. ',
			'content' => '<p style="text-align:justify">April 2: Himalay&nbsp;Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay&nbsp;Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5399',
			'image' => '20170402125505_himalayan.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
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	(int) 12 => array(
		'Article' => array(
			'id' => '5613',
			'article_category_id' => '1',
			'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
			'sub_title' => '',
			'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
			'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>

<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. &ldquo;The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years.&nbsp; Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,&rdquo; said Chiranjibi Chapagain, Chairman of IB. &ldquo;The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.&rdquo;</p>

<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. &ldquo;Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,&rdquo; said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>

<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'sortorder' => '5398',
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		'Article' => array(
			'id' => '5612',
			'article_category_id' => '1',
			'title' => 'Ncell Brings Special Package to SEE Appeared Students',
			'sub_title' => '',
			'summary' => 'April 2: Ncell has introduced a special offer ‘Pahilo SIM’ to this year’s SEE (Secondary Education Exam) appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.',
			'content' => '<p style="text-align: justify;">April 2: Ncell has introduced a special offer &lsquo;Pahilo SIM&rsquo; to this year&rsquo;s SEE (Secondary Education Exam)&nbsp;appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.</p>

<p style="text-align: justify;">According to the statement, the offer that is coming into effect from&nbsp;April 02 is valid for 90 days from the date of launch. All SEE appeared students of 2017 (SEE 2073) upon submission of a copy of examination admit card and citizenship of their parents, can get Ncell prepaid SIM card from nearest Ncell Centre.</p>

<p style="text-align: justify;">Under the scheme, upon recharge of Rs 50 or more after SIM subscription, customers will be able to make unlimited calls to five My5 numbers without any extra charge for 30 days from the date of activation of service. The customers can add maximum of five favorite Ncell numbers as My5 numbers.</p>

<p style="text-align: justify;">To add numbers in My5 circle, the customers need to dial *5544# and follow the instructions accordingly. After adding 5 numbers, it will cost Rs 5 (excluding taxes) for each modification in the numbers of the My5 group, reads the statement.</p>
',
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			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5397',
			'image' => '20170402110606_ncell.jpg',
			'article_date' => '2017-04-02 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5611',
			'article_category_id' => '1',
			'title' => 'Nepal Expected to Benefit from Indian GST Bill',
			'sub_title' => 'GST Bill Passed by the Indian Lok Sabha',
			'summary' => 'March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).',
			'content' => '<p style="text-align: justify;">March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).</p>

<p style="text-align: justify;">&nbsp;After the lower house of parliament of India passed the bill on Wednesday, it is certain that this will be implemented from July 1.&nbsp; The bill will now be sent to the upper house for approval.</p>

<p style="text-align: justify;">The bill will be implemented in all the states of India within three months after its approval by the Indian Parliament.</p>

<p style="text-align: justify;">Economists analyse that this step of Indian government to change the tax system in a bid to strengthen the economy will also help Nepal&#39;s economy which is turning import-oriented.</p>

<p style="text-align: justify;">According to Shambhu Gupta, Professor at the Economics Department of Tribhuvan University, single rated GST will make the import and export process from India organised and systematic.</p>

<p style="text-align: justify;">Gupta further shares that if GST will be implemented, the transport cost while importing from other countries will come down. &quot;Besides this, the cost of finished goods and raw materials will also decrease and will reduce the price of goods in Nepalese market,&quot; he says.</p>

<p style="text-align: justify;">India has been charging various taxes including state entrance tax, service tax and transportation tax.&nbsp;&nbsp; So, it is expected that the replacement of all those indirect taxes by GST will create positive impact in the import and export of Nepal.</p>

<p style="text-align: justify;">&quot;Prior to this decision also, there was no tax in terms of import.&nbsp; However, we had to pay various kinds of service taxes. We expect that this decision will provide us some relief now,&quot; shares Pashupati Murarka, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI).&nbsp;</p>

<p style="text-align: justify;">It is expected that the implementation of this tax system will help strengthen the economy of Nepal which depends on India for its two thirds of total imports.&nbsp;</p>
',
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			'image' => '20170331055828_gst.jpg',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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	(int) 0 => array(
		'Article' => array(
			'id' => '5625',
			'article_category_id' => '1',
			'title' => 'HP Lubricant’s Dealers Meet',
			'sub_title' => '',
			'summary' => 'April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers’ meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company. ',
			'content' => '<p style="text-align: justify;">April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers&rsquo; meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5410',
			'image' => '20170403025327_meet.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '5624',
			'article_category_id' => '1',
			'title' => 'Siddhartha Devt to Issue 10:6 Right Shares',
			'sub_title' => '',
			'summary' => 'April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.',
			'content' => '<p style="text-align: justify;">April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.</p>

<p style="text-align: justify;">According to the bank, interested shareholders registered in the shareholders book by March 1 can apply for the right shares. The bank has appointed Nabil Investment Banking as its Issue Manager. Apart from the Issue Manager, the shareholders can submit their application in all the branch offices of Siddhartha Development Bank. Presently, the bank has paid-up capital of Rs 1.41 billion. After the issuance of the right shares, the paid-up capital will increase up to Rs 2.27 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 25 per cent to Rs 186.8 million compared to the corresponding period of last FY. Similarly, net interest income has increased by 85.21 per cent to Rs 383.8 million compared to the review period of last FY. &nbsp;Likewise, operating profit of the bank has increased by 19.13 per cent to Rs 273.4 million. In the second quarter of the current FY, bad debt of the bank has been rested at 2.78 per cent.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5409',
			'image' => '20170403013209_siddahrtha.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5623',
			'article_category_id' => '1',
			'title' => 'Global Bank to Propose 15.73% Bonus Share in 10th AGM Conducting Today',
			'sub_title' => '',
			'summary' => 'April 3: Global IME Bank is conducting its 10th annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of director',
			'content' => '<p style="text-align: justify;">April 3: Global IME Bank is conducting its 10<sup>th</sup> annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of directors to initiate merger and acquisition process with other banks and financial institutions.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, the bank having paid-up capital of Rs 7.15 billion has earned net profit of Rs 906.2 million in the first half of the current FY.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5408',
			'image' => '20170403011023_GLOBAL IME.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
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			'id' => '5622',
			'article_category_id' => '1',
			'title' => 'NBL Endorses Right Issue',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Bank Ltd has concluded its 57th annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.',
			'content' => '<p style="text-align: justify;">April 3: Nepal Bank Ltd has concluded its 57<sup>th</sup> annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5407',
			'image' => '20170403120324_nepal bank.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 4 => array(
		'Article' => array(
			'id' => '5621',
			'article_category_id' => '1',
			'title' => 'NRB Approves Merger of Mahalaxmi and Yeti',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of ‘Mahalaxmi Bikas Bank’. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement. ',
			'content' => '<p>April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of &lsquo;Mahalaxmi Bikas Bank&rsquo;. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5406',
			'image' => '20170403115139_maha-yeti.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5620',
			'article_category_id' => '1',
			'title' => 'Nabil Branch in Boudha',
			'sub_title' => '',
			'summary' => 'April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.',
			'content' => '<p style="text-align: justify;">April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.</p>

<p style="text-align: justify;">The branch will provide easy and convenient banking experience to the customers, reads the statement. Presently, the bank is providing its services through 52 branches and 95 ATM outlets.</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5405',
			'image' => '20170403112845_nabil.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5619',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank in Itahari',
			'sub_title' => '',
			'summary' => 'April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29. ',
			'content' => '<p style="text-align: justify;">April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5404',
			'image' => '20170403111847_tourism.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 7 => array(
		'Article' => array(
			'id' => '5618',
			'article_category_id' => '1',
			'title' => 'Ministry Still Issuing Licenses for Analog Cable',
			'sub_title' => '',
			'summary' => 'April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.',
			'content' => '<p style="text-align: justify;">April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.</p>

<p style="text-align: justify;">MoIC, through a minister-level decision had decided to close the operation of cable television based on analog technology in all the metropolises and sub-metropolises from April 14, 2013 and across the country from April 14, 2015.</p>

<p style="text-align: justify;">The ministry is found to provide licenses to operate analog cable television to New Home Vision on April 21 and Cable Television Network of Nepal Pvt. Ltd. on April 22, 2015.</p>

<p style="text-align: justify;">Similarly, the ministry has also issued license to Yangshila Cable TV Network Pvt. Ltd. and Alka Cable Network Pvt. Ltd on July 2 and 13 respectively in 2015.</p>

<p style="text-align: justify;">On the updated details of cable broadcasters till December 15, 2015, the ministry has also included the newly licensed cable operators.</p>

<p style="text-align: justify;">Meanwhile, Anil Bhujel, Engineer of Department of Cable Television and Films of MoIC, said that the ministry had only renewed the licenses and has not issued new ones.</p>

<p style="text-align: justify;">According to him, the licenses that were received before closing the issuance have been canceled, and new license was issued by charging some fines.</p>

<p style="text-align: justify;">&ldquo;Analog cable television licenses were canceled for failure of timely renewal,&rdquo; he said, adding, &ldquo;But they were still in operation at that time.&rdquo; He further said that license was given only to those few cable television companies and it has also been closed lately.</p>

<p style="text-align: justify;">By amending the National Broadcasting Regulations for the sixth time in 2013, the government had made a provision to shift to digital system from the analog cable technology within three years in metropolises and sub-metropolises, four years in municipalities and five years in other areas through a notice published in Nepal Gazette.&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
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			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5403',
			'image' => '20170402050505_digital_tv_switchover.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5617',
			'article_category_id' => '1',
			'title' => 'UTS Felicitates Personalities of Various Field',
			'sub_title' => '',
			'summary' => 'April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored ‘Teach for Nepal’ in education category under ‘Voith Sprit of Excellence 2017’. Suresh Raj Sharma, former Vice-Chancellor of Kathman',
			'content' => '<p style="text-align: justify;">April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored &lsquo;Teach for Nepal&rsquo; in education category under &lsquo;Voith Sprit of Excellence 2017&rsquo;. Suresh Raj Sharma, former Vice-Chancellor of Kathmandu University provided the award to the organization. Similarly, in health category, &lsquo;Possible&rsquo; was given the award. The health category award was provided by Dr Sanduk Ruit. Likewise, Manoj Pandey and Charu Chadda won the media category award. They were felicitated by artist Nir Shah. Moreover, Suraj Singh Vaidhya, Chairman of UTS felicitated Dr Suresh Raj Sharma, Dr Sanduk &nbsp;Roit and Nir Shah, senior personalities of education, health and media sector by wrapping shawls around them.</p>

<p style="text-align: justify;">Meanwhile, the company also unveiled two new Toyota vehicles amid a program on March 30. The newly launched Toyota vehicles include &lsquo;All New Innova Crysta&rsquo;and All New Fortuner&rsquo;.&nbsp;</p>
',
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			'sortorder' => '5402',
			'image' => '20170402043151_toyota.jpg',
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		'Article' => array(
			'id' => '5616',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Lands its Third Aircraft',
			'sub_title' => '',
			'summary' => 'April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.',
			'content' => '<p style="text-align: justify;">April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.</p>

<p style="text-align: justify;">The privately-owned airlines company with joint Nepal-China investment and established in 2016 with one aircraft had brought its second aircraft two months ago.</p>

<p style="text-align: justify;">The airlines has landed its third aircraft at Tribhuwan International Airport on March 31. The company has registered the new aircraft A320 with its call sign 9N-ALW.</p>

<p style="text-align: justify;">According to the company, it organised a special programme to welcome the new aircraft that landed in Kathmandu on March 31. The airlines has started its flights to two new destinations - Kuala Lumpur and Yangon (Myanmar) this year. According to Vice-chairman Bijay Shrestha, the company added the third aircraft with a view to enhancing worldwide flight network and strengthening Nepal airlines network.</p>

<p style="text-align: justify;">The company has shared that the new aircraft has a total 158 seat- capacity including eight business class seats and 150 that of economy class. The airlines mentioned that new airbus will conduct its flights to Dubai, Dammam, Hong Kong, New Delhi, Chennai, Bangkok and Beijing from April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5401',
			'image' => '20170402035608_himalayan airlines.jpg',
			'article_date' => '2017-04-02 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5615',
			'article_category_id' => '1',
			'title' => 'Generation Next Unveiled Apple’s Red iPhone',
			'sub_title' => '',
			'summary' => 'April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company. ',
			'content' => '<p style="text-align: justify;">April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company.&nbsp;</p>

<p style="text-align: justify;">Moreover, the company has requested its customers to purchase iPhone from the authorised distributor in order to get VAT bill and one year warranty.</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5400',
			'image' => '20170402012706_GEN NEXT.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '5614',
			'article_category_id' => '1',
			'title' => 'IPO of Himalay Power in the Pipeline',
			'sub_title' => '',
			'summary' => 'April 2: Himalay Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager. ',
			'content' => '<p style="text-align:justify">April 2: Himalay&nbsp;Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay&nbsp;Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5399',
			'image' => '20170402125505_himalayan.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5613',
			'article_category_id' => '1',
			'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
			'sub_title' => '',
			'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
			'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>

<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. &ldquo;The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years.&nbsp; Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,&rdquo; said Chiranjibi Chapagain, Chairman of IB. &ldquo;The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.&rdquo;</p>

<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. &ldquo;Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,&rdquo; said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>

<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5398',
			'image' => '20170402121723_ib.jpg',
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		'Article' => array(
			'id' => '5612',
			'article_category_id' => '1',
			'title' => 'Ncell Brings Special Package to SEE Appeared Students',
			'sub_title' => '',
			'summary' => 'April 2: Ncell has introduced a special offer ‘Pahilo SIM’ to this year’s SEE (Secondary Education Exam) appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.',
			'content' => '<p style="text-align: justify;">April 2: Ncell has introduced a special offer &lsquo;Pahilo SIM&rsquo; to this year&rsquo;s SEE (Secondary Education Exam)&nbsp;appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.</p>

<p style="text-align: justify;">According to the statement, the offer that is coming into effect from&nbsp;April 02 is valid for 90 days from the date of launch. All SEE appeared students of 2017 (SEE 2073) upon submission of a copy of examination admit card and citizenship of their parents, can get Ncell prepaid SIM card from nearest Ncell Centre.</p>

<p style="text-align: justify;">Under the scheme, upon recharge of Rs 50 or more after SIM subscription, customers will be able to make unlimited calls to five My5 numbers without any extra charge for 30 days from the date of activation of service. The customers can add maximum of five favorite Ncell numbers as My5 numbers.</p>

<p style="text-align: justify;">To add numbers in My5 circle, the customers need to dial *5544# and follow the instructions accordingly. After adding 5 numbers, it will cost Rs 5 (excluding taxes) for each modification in the numbers of the My5 group, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5397',
			'image' => '20170402110606_ncell.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5611',
			'article_category_id' => '1',
			'title' => 'Nepal Expected to Benefit from Indian GST Bill',
			'sub_title' => 'GST Bill Passed by the Indian Lok Sabha',
			'summary' => 'March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).',
			'content' => '<p style="text-align: justify;">March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).</p>

<p style="text-align: justify;">&nbsp;After the lower house of parliament of India passed the bill on Wednesday, it is certain that this will be implemented from July 1.&nbsp; The bill will now be sent to the upper house for approval.</p>

<p style="text-align: justify;">The bill will be implemented in all the states of India within three months after its approval by the Indian Parliament.</p>

<p style="text-align: justify;">Economists analyse that this step of Indian government to change the tax system in a bid to strengthen the economy will also help Nepal&#39;s economy which is turning import-oriented.</p>

<p style="text-align: justify;">According to Shambhu Gupta, Professor at the Economics Department of Tribhuvan University, single rated GST will make the import and export process from India organised and systematic.</p>

<p style="text-align: justify;">Gupta further shares that if GST will be implemented, the transport cost while importing from other countries will come down. &quot;Besides this, the cost of finished goods and raw materials will also decrease and will reduce the price of goods in Nepalese market,&quot; he says.</p>

<p style="text-align: justify;">India has been charging various taxes including state entrance tax, service tax and transportation tax.&nbsp;&nbsp; So, it is expected that the replacement of all those indirect taxes by GST will create positive impact in the import and export of Nepal.</p>

<p style="text-align: justify;">&quot;Prior to this decision also, there was no tax in terms of import.&nbsp; However, we had to pay various kinds of service taxes. We expect that this decision will provide us some relief now,&quot; shares Pashupati Murarka, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI).&nbsp;</p>

<p style="text-align: justify;">It is expected that the implementation of this tax system will help strengthen the economy of Nepal which depends on India for its two thirds of total imports.&nbsp;</p>
',
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			'sortorder' => '5396',
			'image' => '20170331055828_gst.jpg',
			'article_date' => '2017-03-31 00:00:00',
			'homepage' => false,
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5625',
			'article_category_id' => '1',
			'title' => 'HP Lubricant’s Dealers Meet',
			'sub_title' => '',
			'summary' => 'April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers’ meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company. ',
			'content' => '<p style="text-align: justify;">April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers&rsquo; meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company.&nbsp;</p>
',
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			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5410',
			'image' => '20170403025327_meet.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '5624',
			'article_category_id' => '1',
			'title' => 'Siddhartha Devt to Issue 10:6 Right Shares',
			'sub_title' => '',
			'summary' => 'April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.',
			'content' => '<p style="text-align: justify;">April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.</p>

<p style="text-align: justify;">According to the bank, interested shareholders registered in the shareholders book by March 1 can apply for the right shares. The bank has appointed Nabil Investment Banking as its Issue Manager. Apart from the Issue Manager, the shareholders can submit their application in all the branch offices of Siddhartha Development Bank. Presently, the bank has paid-up capital of Rs 1.41 billion. After the issuance of the right shares, the paid-up capital will increase up to Rs 2.27 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 25 per cent to Rs 186.8 million compared to the corresponding period of last FY. Similarly, net interest income has increased by 85.21 per cent to Rs 383.8 million compared to the review period of last FY. &nbsp;Likewise, operating profit of the bank has increased by 19.13 per cent to Rs 273.4 million. In the second quarter of the current FY, bad debt of the bank has been rested at 2.78 per cent.&nbsp;</p>
',
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			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5409',
			'image' => '20170403013209_siddahrtha.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5623',
			'article_category_id' => '1',
			'title' => 'Global Bank to Propose 15.73% Bonus Share in 10th AGM Conducting Today',
			'sub_title' => '',
			'summary' => 'April 3: Global IME Bank is conducting its 10th annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of director',
			'content' => '<p style="text-align: justify;">April 3: Global IME Bank is conducting its 10<sup>th</sup> annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of directors to initiate merger and acquisition process with other banks and financial institutions.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, the bank having paid-up capital of Rs 7.15 billion has earned net profit of Rs 906.2 million in the first half of the current FY.&nbsp;</p>
',
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			'created' => '2017-04-03',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5408',
			'image' => '20170403011023_GLOBAL IME.jpg',
			'article_date' => '2017-04-03 00:00:00',
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			'id' => '5622',
			'article_category_id' => '1',
			'title' => 'NBL Endorses Right Issue',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Bank Ltd has concluded its 57th annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.',
			'content' => '<p style="text-align: justify;">April 3: Nepal Bank Ltd has concluded its 57<sup>th</sup> annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.</p>
',
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			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5407',
			'image' => '20170403120324_nepal bank.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '5621',
			'article_category_id' => '1',
			'title' => 'NRB Approves Merger of Mahalaxmi and Yeti',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of ‘Mahalaxmi Bikas Bank’. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement. ',
			'content' => '<p>April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of &lsquo;Mahalaxmi Bikas Bank&rsquo;. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement.&nbsp;</p>
',
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			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5406',
			'image' => '20170403115139_maha-yeti.jpg',
			'article_date' => '2017-04-03 00:00:00',
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	(int) 5 => array(
		'Article' => array(
			'id' => '5620',
			'article_category_id' => '1',
			'title' => 'Nabil Branch in Boudha',
			'sub_title' => '',
			'summary' => 'April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.',
			'content' => '<p style="text-align: justify;">April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.</p>

<p style="text-align: justify;">The branch will provide easy and convenient banking experience to the customers, reads the statement. Presently, the bank is providing its services through 52 branches and 95 ATM outlets.</p>
',
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			'sortorder' => '5405',
			'image' => '20170403112845_nabil.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5619',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank in Itahari',
			'sub_title' => '',
			'summary' => 'April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29. ',
			'content' => '<p style="text-align: justify;">April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29.&nbsp;</p>
',
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			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5404',
			'image' => '20170403111847_tourism.jpg',
			'article_date' => '2017-04-03 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '5618',
			'article_category_id' => '1',
			'title' => 'Ministry Still Issuing Licenses for Analog Cable',
			'sub_title' => '',
			'summary' => 'April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.',
			'content' => '<p style="text-align: justify;">April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.</p>

<p style="text-align: justify;">MoIC, through a minister-level decision had decided to close the operation of cable television based on analog technology in all the metropolises and sub-metropolises from April 14, 2013 and across the country from April 14, 2015.</p>

<p style="text-align: justify;">The ministry is found to provide licenses to operate analog cable television to New Home Vision on April 21 and Cable Television Network of Nepal Pvt. Ltd. on April 22, 2015.</p>

<p style="text-align: justify;">Similarly, the ministry has also issued license to Yangshila Cable TV Network Pvt. Ltd. and Alka Cable Network Pvt. Ltd on July 2 and 13 respectively in 2015.</p>

<p style="text-align: justify;">On the updated details of cable broadcasters till December 15, 2015, the ministry has also included the newly licensed cable operators.</p>

<p style="text-align: justify;">Meanwhile, Anil Bhujel, Engineer of Department of Cable Television and Films of MoIC, said that the ministry had only renewed the licenses and has not issued new ones.</p>

<p style="text-align: justify;">According to him, the licenses that were received before closing the issuance have been canceled, and new license was issued by charging some fines.</p>

<p style="text-align: justify;">&ldquo;Analog cable television licenses were canceled for failure of timely renewal,&rdquo; he said, adding, &ldquo;But they were still in operation at that time.&rdquo; He further said that license was given only to those few cable television companies and it has also been closed lately.</p>

<p style="text-align: justify;">By amending the National Broadcasting Regulations for the sixth time in 2013, the government had made a provision to shift to digital system from the analog cable technology within three years in metropolises and sub-metropolises, four years in municipalities and five years in other areas through a notice published in Nepal Gazette.&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
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			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5403',
			'image' => '20170402050505_digital_tv_switchover.jpg',
			'article_date' => '2017-04-02 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5617',
			'article_category_id' => '1',
			'title' => 'UTS Felicitates Personalities of Various Field',
			'sub_title' => '',
			'summary' => 'April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored ‘Teach for Nepal’ in education category under ‘Voith Sprit of Excellence 2017’. Suresh Raj Sharma, former Vice-Chancellor of Kathman',
			'content' => '<p style="text-align: justify;">April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored &lsquo;Teach for Nepal&rsquo; in education category under &lsquo;Voith Sprit of Excellence 2017&rsquo;. Suresh Raj Sharma, former Vice-Chancellor of Kathmandu University provided the award to the organization. Similarly, in health category, &lsquo;Possible&rsquo; was given the award. The health category award was provided by Dr Sanduk Ruit. Likewise, Manoj Pandey and Charu Chadda won the media category award. They were felicitated by artist Nir Shah. Moreover, Suraj Singh Vaidhya, Chairman of UTS felicitated Dr Suresh Raj Sharma, Dr Sanduk &nbsp;Roit and Nir Shah, senior personalities of education, health and media sector by wrapping shawls around them.</p>

<p style="text-align: justify;">Meanwhile, the company also unveiled two new Toyota vehicles amid a program on March 30. The newly launched Toyota vehicles include &lsquo;All New Innova Crysta&rsquo;and All New Fortuner&rsquo;.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5402',
			'image' => '20170402043151_toyota.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5616',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Lands its Third Aircraft',
			'sub_title' => '',
			'summary' => 'April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.',
			'content' => '<p style="text-align: justify;">April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.</p>

<p style="text-align: justify;">The privately-owned airlines company with joint Nepal-China investment and established in 2016 with one aircraft had brought its second aircraft two months ago.</p>

<p style="text-align: justify;">The airlines has landed its third aircraft at Tribhuwan International Airport on March 31. The company has registered the new aircraft A320 with its call sign 9N-ALW.</p>

<p style="text-align: justify;">According to the company, it organised a special programme to welcome the new aircraft that landed in Kathmandu on March 31. The airlines has started its flights to two new destinations - Kuala Lumpur and Yangon (Myanmar) this year. According to Vice-chairman Bijay Shrestha, the company added the third aircraft with a view to enhancing worldwide flight network and strengthening Nepal airlines network.</p>

<p style="text-align: justify;">The company has shared that the new aircraft has a total 158 seat- capacity including eight business class seats and 150 that of economy class. The airlines mentioned that new airbus will conduct its flights to Dubai, Dammam, Hong Kong, New Delhi, Chennai, Bangkok and Beijing from April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5401',
			'image' => '20170402035608_himalayan airlines.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5615',
			'article_category_id' => '1',
			'title' => 'Generation Next Unveiled Apple’s Red iPhone',
			'sub_title' => '',
			'summary' => 'April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company. ',
			'content' => '<p style="text-align: justify;">April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company.&nbsp;</p>

<p style="text-align: justify;">Moreover, the company has requested its customers to purchase iPhone from the authorised distributor in order to get VAT bill and one year warranty.</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5400',
			'image' => '20170402012706_GEN NEXT.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5614',
			'article_category_id' => '1',
			'title' => 'IPO of Himalay Power in the Pipeline',
			'sub_title' => '',
			'summary' => 'April 2: Himalay Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager. ',
			'content' => '<p style="text-align:justify">April 2: Himalay&nbsp;Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay&nbsp;Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5399',
			'image' => '20170402125505_himalayan.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5613',
			'article_category_id' => '1',
			'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
			'sub_title' => '',
			'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
			'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>

<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. &ldquo;The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years.&nbsp; Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,&rdquo; said Chiranjibi Chapagain, Chairman of IB. &ldquo;The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.&rdquo;</p>

<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. &ldquo;Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,&rdquo; said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>

<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-04-02',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5398',
			'image' => '20170402121723_ib.jpg',
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		'Article' => array(
			'id' => '5612',
			'article_category_id' => '1',
			'title' => 'Ncell Brings Special Package to SEE Appeared Students',
			'sub_title' => '',
			'summary' => 'April 2: Ncell has introduced a special offer ‘Pahilo SIM’ to this year’s SEE (Secondary Education Exam) appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.',
			'content' => '<p style="text-align: justify;">April 2: Ncell has introduced a special offer &lsquo;Pahilo SIM&rsquo; to this year&rsquo;s SEE (Secondary Education Exam)&nbsp;appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.</p>

<p style="text-align: justify;">According to the statement, the offer that is coming into effect from&nbsp;April 02 is valid for 90 days from the date of launch. All SEE appeared students of 2017 (SEE 2073) upon submission of a copy of examination admit card and citizenship of their parents, can get Ncell prepaid SIM card from nearest Ncell Centre.</p>

<p style="text-align: justify;">Under the scheme, upon recharge of Rs 50 or more after SIM subscription, customers will be able to make unlimited calls to five My5 numbers without any extra charge for 30 days from the date of activation of service. The customers can add maximum of five favorite Ncell numbers as My5 numbers.</p>

<p style="text-align: justify;">To add numbers in My5 circle, the customers need to dial *5544# and follow the instructions accordingly. After adding 5 numbers, it will cost Rs 5 (excluding taxes) for each modification in the numbers of the My5 group, reads the statement.</p>
',
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			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5397',
			'image' => '20170402110606_ncell.jpg',
			'article_date' => '2017-04-02 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5611',
			'article_category_id' => '1',
			'title' => 'Nepal Expected to Benefit from Indian GST Bill',
			'sub_title' => 'GST Bill Passed by the Indian Lok Sabha',
			'summary' => 'March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).',
			'content' => '<p style="text-align: justify;">March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).</p>

<p style="text-align: justify;">&nbsp;After the lower house of parliament of India passed the bill on Wednesday, it is certain that this will be implemented from July 1.&nbsp; The bill will now be sent to the upper house for approval.</p>

<p style="text-align: justify;">The bill will be implemented in all the states of India within three months after its approval by the Indian Parliament.</p>

<p style="text-align: justify;">Economists analyse that this step of Indian government to change the tax system in a bid to strengthen the economy will also help Nepal&#39;s economy which is turning import-oriented.</p>

<p style="text-align: justify;">According to Shambhu Gupta, Professor at the Economics Department of Tribhuvan University, single rated GST will make the import and export process from India organised and systematic.</p>

<p style="text-align: justify;">Gupta further shares that if GST will be implemented, the transport cost while importing from other countries will come down. &quot;Besides this, the cost of finished goods and raw materials will also decrease and will reduce the price of goods in Nepalese market,&quot; he says.</p>

<p style="text-align: justify;">India has been charging various taxes including state entrance tax, service tax and transportation tax.&nbsp;&nbsp; So, it is expected that the replacement of all those indirect taxes by GST will create positive impact in the import and export of Nepal.</p>

<p style="text-align: justify;">&quot;Prior to this decision also, there was no tax in terms of import.&nbsp; However, we had to pay various kinds of service taxes. We expect that this decision will provide us some relief now,&quot; shares Pashupati Murarka, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI).&nbsp;</p>

<p style="text-align: justify;">It is expected that the implementation of this tax system will help strengthen the economy of Nepal which depends on India for its two thirds of total imports.&nbsp;</p>
',
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			'image' => '20170331055828_gst.jpg',
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)
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '5625',
			'article_category_id' => '1',
			'title' => 'HP Lubricant’s Dealers Meet',
			'sub_title' => '',
			'summary' => 'April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers’ meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company. ',
			'content' => '<p style="text-align: justify;">April 3: Kankai Oil Suppliers, the authorized seller of HP lubricants for Nepal has concluded dealers&rsquo; meet and interaction program. According to Pankaj Kumar Agrawal, Sales and Marketing Head of the company, the interaction program was organized with an aim of providing information regarding quality of HP lubricants. The program was participated by nearly 250 participants including mechanics and dealers, informed the company.&nbsp;</p>
',
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		'Article' => array(
			'id' => '5624',
			'article_category_id' => '1',
			'title' => 'Siddhartha Devt to Issue 10:6 Right Shares',
			'sub_title' => '',
			'summary' => 'April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.',
			'content' => '<p style="text-align: justify;">April 3: Siddhartha Development Bank is issuing 10:6 right shares. The right shares issuance will commence from April 20 to May 24. The bank is issuing 8,515,005.6 units of right shares with a face value of Rs 100.</p>

<p style="text-align: justify;">According to the bank, interested shareholders registered in the shareholders book by March 1 can apply for the right shares. The bank has appointed Nabil Investment Banking as its Issue Manager. Apart from the Issue Manager, the shareholders can submit their application in all the branch offices of Siddhartha Development Bank. Presently, the bank has paid-up capital of Rs 1.41 billion. After the issuance of the right shares, the paid-up capital will increase up to Rs 2.27 billion.</p>

<p style="text-align: justify;">Meanwhile, the net profit of the bank has increased by 25 per cent to Rs 186.8 million compared to the corresponding period of last FY. Similarly, net interest income has increased by 85.21 per cent to Rs 383.8 million compared to the review period of last FY. &nbsp;Likewise, operating profit of the bank has increased by 19.13 per cent to Rs 273.4 million. In the second quarter of the current FY, bad debt of the bank has been rested at 2.78 per cent.&nbsp;</p>
',
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			'sortorder' => '5409',
			'image' => '20170403013209_siddahrtha.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '5623',
			'article_category_id' => '1',
			'title' => 'Global Bank to Propose 15.73% Bonus Share in 10th AGM Conducting Today',
			'sub_title' => '',
			'summary' => 'April 3: Global IME Bank is conducting its 10th annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of director',
			'content' => '<p style="text-align: justify;">April 3: Global IME Bank is conducting its 10<sup>th</sup> annual general meeting in Nepal Pragya Prathisthan, Kamaladi today. The meeting is set to approve 15.76 per cent bonus share. Similarly, the AGM is scheduled to approve financial report of FY 072/73. Moreover, the meeting will also approve delegation of authority to board of directors to initiate merger and acquisition process with other banks and financial institutions.</p>

<p style="text-align: justify;">&nbsp;Meanwhile, the bank having paid-up capital of Rs 7.15 billion has earned net profit of Rs 906.2 million in the first half of the current FY.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5408',
			'image' => '20170403011023_GLOBAL IME.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5622',
			'article_category_id' => '1',
			'title' => 'NBL Endorses Right Issue',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Bank Ltd has concluded its 57th annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.',
			'content' => '<p style="text-align: justify;">April 3: Nepal Bank Ltd has concluded its 57<sup>th</sup> annual general meeting in the capital on April 2. In the AGM, Janardan Sharma Acharya, Chairman of the bank presented annual report of FY 2072/73 and future plans of the bank. On the occasion, the bank informed of issuing 10:2.3 right shares to meet the minimum required paid-up capital of Rs 8 billion.</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5407',
			'image' => '20170403120324_nepal bank.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5621',
			'article_category_id' => '1',
			'title' => 'NRB Approves Merger of Mahalaxmi and Yeti',
			'sub_title' => '',
			'summary' => 'April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of ‘Mahalaxmi Bikas Bank’. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement. ',
			'content' => '<p>April 3: Nepal Rastra Bank has provided principle agreement to Mahalaxmi Bikas Bank and Yeti Development Bank for merger. The central bank approved the merger process of the two financial institutions on April 2. According to the merger agreement, the merged entity will start joint transaction in the name of &lsquo;Mahalaxmi Bikas Bank&rsquo;. The merged entity will have paid-up capital of Rs 2.63 billion, informs the bank in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5406',
			'image' => '20170403115139_maha-yeti.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5620',
			'article_category_id' => '1',
			'title' => 'Nabil Branch in Boudha',
			'sub_title' => '',
			'summary' => 'April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.',
			'content' => '<p style="text-align: justify;">April 3: Nabil Bank has started a branch at Boudha Pipalbot, Kathmandu. Issuing a press statement, the bank said that the branch is a transferred unit from Jorpati. Shambhu Prasad Poudel, Chairman of the bank inaugurated the branch amid a program on April 2.</p>

<p style="text-align: justify;">The branch will provide easy and convenient banking experience to the customers, reads the statement. Presently, the bank is providing its services through 52 branches and 95 ATM outlets.</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5405',
			'image' => '20170403112845_nabil.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5619',
			'article_category_id' => '1',
			'title' => 'Tourism Devt Bank in Itahari',
			'sub_title' => '',
			'summary' => 'April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29. ',
			'content' => '<p style="text-align: justify;">April 3: Tourism Development Bank has started a branch at Itahari. The bank, organizing a program, officially inaugurated the branch on April 2. Ramu Poudel, Director, Nepal Rastra Bank, Biratnagar, Senior Vice-President of Itahari Chamber of Commerce and Industry and Bhim Prasad Panta, Director of the bank jointly inaugurated the branch. With the addition, the number of branches of the bank has reached 29.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-03',
			'modified' => '2017-04-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5404',
			'image' => '20170403111847_tourism.jpg',
			'article_date' => '2017-04-03 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5618',
			'article_category_id' => '1',
			'title' => 'Ministry Still Issuing Licenses for Analog Cable',
			'sub_title' => '',
			'summary' => 'April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.',
			'content' => '<p style="text-align: justify;">April 2: The Ministry of Information and Communications (MoIC) has been found issuing licenses to analog cable operators against its own decision earlier to close down operation of analog cable.</p>

<p style="text-align: justify;">MoIC, through a minister-level decision had decided to close the operation of cable television based on analog technology in all the metropolises and sub-metropolises from April 14, 2013 and across the country from April 14, 2015.</p>

<p style="text-align: justify;">The ministry is found to provide licenses to operate analog cable television to New Home Vision on April 21 and Cable Television Network of Nepal Pvt. Ltd. on April 22, 2015.</p>

<p style="text-align: justify;">Similarly, the ministry has also issued license to Yangshila Cable TV Network Pvt. Ltd. and Alka Cable Network Pvt. Ltd on July 2 and 13 respectively in 2015.</p>

<p style="text-align: justify;">On the updated details of cable broadcasters till December 15, 2015, the ministry has also included the newly licensed cable operators.</p>

<p style="text-align: justify;">Meanwhile, Anil Bhujel, Engineer of Department of Cable Television and Films of MoIC, said that the ministry had only renewed the licenses and has not issued new ones.</p>

<p style="text-align: justify;">According to him, the licenses that were received before closing the issuance have been canceled, and new license was issued by charging some fines.</p>

<p style="text-align: justify;">&ldquo;Analog cable television licenses were canceled for failure of timely renewal,&rdquo; he said, adding, &ldquo;But they were still in operation at that time.&rdquo; He further said that license was given only to those few cable television companies and it has also been closed lately.</p>

<p style="text-align: justify;">By amending the National Broadcasting Regulations for the sixth time in 2013, the government had made a provision to shift to digital system from the analog cable technology within three years in metropolises and sub-metropolises, four years in municipalities and five years in other areas through a notice published in Nepal Gazette.&nbsp;&nbsp;&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5403',
			'image' => '20170402050505_digital_tv_switchover.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5617',
			'article_category_id' => '1',
			'title' => 'UTS Felicitates Personalities of Various Field',
			'sub_title' => '',
			'summary' => 'April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored ‘Teach for Nepal’ in education category under ‘Voith Sprit of Excellence 2017’. Suresh Raj Sharma, former Vice-Chancellor of Kathman',
			'content' => '<p style="text-align: justify;">April 2: United Traders Syndicate Pvt Ltd (UTS) has felicitated various personalities of educational, health and media sectors on the occasion of its golden jubilee. The company honored &lsquo;Teach for Nepal&rsquo; in education category under &lsquo;Voith Sprit of Excellence 2017&rsquo;. Suresh Raj Sharma, former Vice-Chancellor of Kathmandu University provided the award to the organization. Similarly, in health category, &lsquo;Possible&rsquo; was given the award. The health category award was provided by Dr Sanduk Ruit. Likewise, Manoj Pandey and Charu Chadda won the media category award. They were felicitated by artist Nir Shah. Moreover, Suraj Singh Vaidhya, Chairman of UTS felicitated Dr Suresh Raj Sharma, Dr Sanduk &nbsp;Roit and Nir Shah, senior personalities of education, health and media sector by wrapping shawls around them.</p>

<p style="text-align: justify;">Meanwhile, the company also unveiled two new Toyota vehicles amid a program on March 30. The newly launched Toyota vehicles include &lsquo;All New Innova Crysta&rsquo;and All New Fortuner&rsquo;.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5402',
			'image' => '20170402043151_toyota.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5616',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Lands its Third Aircraft',
			'sub_title' => '',
			'summary' => 'April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.',
			'content' => '<p style="text-align: justify;">April 2: Himalaya Airlines has landed its third aircraft in Kathmandu with an objective of making 15 aircrafts in its fleet within the next five years.</p>

<p style="text-align: justify;">The privately-owned airlines company with joint Nepal-China investment and established in 2016 with one aircraft had brought its second aircraft two months ago.</p>

<p style="text-align: justify;">The airlines has landed its third aircraft at Tribhuwan International Airport on March 31. The company has registered the new aircraft A320 with its call sign 9N-ALW.</p>

<p style="text-align: justify;">According to the company, it organised a special programme to welcome the new aircraft that landed in Kathmandu on March 31. The airlines has started its flights to two new destinations - Kuala Lumpur and Yangon (Myanmar) this year. According to Vice-chairman Bijay Shrestha, the company added the third aircraft with a view to enhancing worldwide flight network and strengthening Nepal airlines network.</p>

<p style="text-align: justify;">The company has shared that the new aircraft has a total 158 seat- capacity including eight business class seats and 150 that of economy class. The airlines mentioned that new airbus will conduct its flights to Dubai, Dammam, Hong Kong, New Delhi, Chennai, Bangkok and Beijing from April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5401',
			'image' => '20170402035608_himalayan airlines.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5615',
			'article_category_id' => '1',
			'title' => 'Generation Next Unveiled Apple’s Red iPhone',
			'sub_title' => '',
			'summary' => 'April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company. ',
			'content' => '<p style="text-align: justify;">April 2: Generation Next, the authorised distributor of Apple products for Nepal has unveiled Red iPhone 7 and 7 plus in the Nepali market. According to the company, the special series handsets that have 128 GB and 256 GB storage capacity will be available in IVO store, Future World and Oliz Store. The iPhone series comes with the price tag equivalent with the earlier edition of black, rose, gold, and silver iPhones, said the company.&nbsp;</p>

<p style="text-align: justify;">Moreover, the company has requested its customers to purchase iPhone from the authorised distributor in order to get VAT bill and one year warranty.</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5400',
			'image' => '20170402012706_GEN NEXT.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5614',
			'article_category_id' => '1',
			'title' => 'IPO of Himalay Power in the Pipeline',
			'sub_title' => '',
			'summary' => 'April 2: Himalay Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager. ',
			'content' => '<p style="text-align:justify">April 2: Himalay&nbsp;Power Partner Ltd is seeking approval for initial public offering from Securities Board of Nepal (SEBON). The company has applied for IPO approval to SEBON on March 30. Himalay&nbsp;Power is issuing 2,130,834 units of primary share to general investors. For that matter, the company has appointed Global IME Capital Ltd as its issue manager.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5399',
			'image' => '20170402125505_himalayan.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5613',
			'article_category_id' => '1',
			'title' => 'IB Directs Insurance Companies to Raise Paid-Up Capital by 4 Folds',
			'sub_title' => '',
			'summary' => 'April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.',
			'content' => '<p style="text-align: justify;">April 2: All life and non-life insurance companies operating in the country will have to increase their paid-up capital by four folds within mid-July 2018. Insurance Board (IB), the insurance sector regulator of the country, formulated the mechanism regarding the required paid-up capital on March 31. Meanwhile, stakeholders have applauded the move of IB saying that the move taken will strengthen the insurance companies and increase their shock absorbing capacity. Presently, nine life insurance companies and 15 non-life insurance companies are operating in the domestic market.</p>

<p style="text-align: justify;">As per the new mechanism, life insurance companies will have to maintain a minimum paid-up capital of Rs two billion, while non-life insurance companies need to raise their minimum paid-up capital to Rs one billion within the stipulated timeframe. Earlier, the minimum paid-up capital requirement was Rs 500 million and Rs 250 million for life and non-life insurance companies respectively. &ldquo;The required minimum paid-up capital of the insurance companies was not raised in last 7/8 years.&nbsp; Thus, in order to synchronize the insurance sector with the current economical growth, the insurance companies are asked to raise their minimum paid-up capital,&rdquo; said Chiranjibi Chapagain, Chairman of IB. &ldquo;The step aims to strengthen the insurance companies to the extent that they become capable of taking bigger risks.&rdquo;</p>

<p style="text-align: justify;">IB has provided options of distributing bonus shares and right shares from the profits of the companies along with merger process to the insurance companies to raise their minimum paid-up capital by the next 16 months. &ldquo;Insurance companies will have to distribute bonus, issue right shares or merge with other companies to meet the minimum paid-up capital,&rdquo; said Chairman Chapagain. The new mechanism is applicable to foreign companies that are functioning in Nepal as well.</p>

<p style="text-align: justify;">Among the insurance companies operating in the country, only Nepal Life Insurance Company (NLIC) has been able to raise its paid-up capital to Rs 3.09 billion after distributing 25 percent bonus shares announced by recently held annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5398',
			'image' => '20170402121723_ib.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5612',
			'article_category_id' => '1',
			'title' => 'Ncell Brings Special Package to SEE Appeared Students',
			'sub_title' => '',
			'summary' => 'April 2: Ncell has introduced a special offer ‘Pahilo SIM’ to this year’s SEE (Secondary Education Exam) appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.',
			'content' => '<p style="text-align: justify;">April 2: Ncell has introduced a special offer &lsquo;Pahilo SIM&rsquo; to this year&rsquo;s SEE (Secondary Education Exam)&nbsp;appeared students under which they can avail Ncell prepaid SIM card at just Re 1. Moreover, they can enjoy unlimited talk time to call five My5 numbers for 30 days, said the company in a press statement.</p>

<p style="text-align: justify;">According to the statement, the offer that is coming into effect from&nbsp;April 02 is valid for 90 days from the date of launch. All SEE appeared students of 2017 (SEE 2073) upon submission of a copy of examination admit card and citizenship of their parents, can get Ncell prepaid SIM card from nearest Ncell Centre.</p>

<p style="text-align: justify;">Under the scheme, upon recharge of Rs 50 or more after SIM subscription, customers will be able to make unlimited calls to five My5 numbers without any extra charge for 30 days from the date of activation of service. The customers can add maximum of five favorite Ncell numbers as My5 numbers.</p>

<p style="text-align: justify;">To add numbers in My5 circle, the customers need to dial *5544# and follow the instructions accordingly. After adding 5 numbers, it will cost Rs 5 (excluding taxes) for each modification in the numbers of the My5 group, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-04-02',
			'modified' => '2017-04-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5397',
			'image' => '20170402110606_ncell.jpg',
			'article_date' => '2017-04-02 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5611',
			'article_category_id' => '1',
			'title' => 'Nepal Expected to Benefit from Indian GST Bill',
			'sub_title' => 'GST Bill Passed by the Indian Lok Sabha',
			'summary' => 'March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).',
			'content' => '<p style="text-align: justify;">March 31: The lower house of Indian parliament has passed four supplementary bills related to Goods and Service Tax (GST).</p>

<p style="text-align: justify;">&nbsp;After the lower house of parliament of India passed the bill on Wednesday, it is certain that this will be implemented from July 1.&nbsp; The bill will now be sent to the upper house for approval.</p>

<p style="text-align: justify;">The bill will be implemented in all the states of India within three months after its approval by the Indian Parliament.</p>

<p style="text-align: justify;">Economists analyse that this step of Indian government to change the tax system in a bid to strengthen the economy will also help Nepal&#39;s economy which is turning import-oriented.</p>

<p style="text-align: justify;">According to Shambhu Gupta, Professor at the Economics Department of Tribhuvan University, single rated GST will make the import and export process from India organised and systematic.</p>

<p style="text-align: justify;">Gupta further shares that if GST will be implemented, the transport cost while importing from other countries will come down. &quot;Besides this, the cost of finished goods and raw materials will also decrease and will reduce the price of goods in Nepalese market,&quot; he says.</p>

<p style="text-align: justify;">India has been charging various taxes including state entrance tax, service tax and transportation tax.&nbsp;&nbsp; So, it is expected that the replacement of all those indirect taxes by GST will create positive impact in the import and export of Nepal.</p>

<p style="text-align: justify;">&quot;Prior to this decision also, there was no tax in terms of import.&nbsp; However, we had to pay various kinds of service taxes. We expect that this decision will provide us some relief now,&quot; shares Pashupati Murarka, President of Federation of Nepalese Chambers of Commerce and Industry (FNCCI).&nbsp;</p>

<p style="text-align: justify;">It is expected that the implementation of this tax system will help strengthen the economy of Nepal which depends on India for its two thirds of total imports.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-03-31',
			'modified' => '2017-03-31',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5396',
			'image' => '20170331055828_gst.jpg',
			'article_date' => '2017-03-31 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117