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Code Context
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		'Article' => array(
			'id' => '5399',
			'article_category_id' => '1',
			'title' => 'Commercial Banks Log Rs 20.84 Bn Net Profit in 2nd Quarter',
			'sub_title' => '',
			'summary' => 'February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as w',
			'content' => '<p style="text-align:justify">February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as well.</p>

<p style="text-align:justify">During the period, the net profit of six banks surpassed Rs 1 billion. In the corresponding period of the last FY, net profit of four banks exceeded Rs 1 billion. According to the unpublished &nbsp;second quarter financial reports of the current FY, Nepal Bank has earned maximum profit. The bank earned net profit of Rs 1.89 billion which is 80.80 per cent more than the corresponding period of the last FY. The growth is attributed to the high growth in operating profit of the bank. In the review period, the operating profit of the bank increased by 114.99 per cent to Rs 1.38 billion. Similarly, Nabil Bank, Nepal Investment, Rastriya Banijya Bank, Prabhu and Himalayan Bank also earned Rs 1 billion exceeding net profit.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/commercial%20bank.JPG" style="height:310px; width:807px" /></p>

<p style="text-align:justify">As per the growth rate, net profit of Prabhu and Agricultural Development Bank has increased maximum. &nbsp;In the review period, Prabhu Bank increased its profit by 174.21 per cent and Agricultural Development Bank increased its profit by 133.97 per cent. Along with the increase in operating profit and net interest income, recovery of Rs 1 billion bad debt raised the net profit of Prabhu Bank significantly. Meanwhile, operating profit of Agricultural Development Bank increased by 158.18 per cent during the period.</p>

<p style="text-align:justify">In the first six months of the current FY, the operating profit of Himalayan Bank has increased by 503.4 per cent to Rs 7.60 billion from Rs 1.26 billion of the corresponding period of the last FY. Among the 28 banks, Nepal Credit and Commerce Bank raised its net interest income by 104.06 per cent.&nbsp;</p>
',
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			'created' => '2017-02-26',
			'modified' => '2017-02-26',
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			'description' => '',
			'sortorder' => '5192',
			'image' => '20170226011001_net profit.jpg',
			'article_date' => '2017-02-26 00:00:00',
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			'breaking_news' => false,
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		'Article' => array(
			'id' => '5398',
			'article_category_id' => '1',
			'title' => 'Additional 3 Clearing Banks being appointed',
			'sub_title' => '',
			'summary' => 'February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be 'A' listed commercial banks.  ',
			'content' => '<p style="text-align: justify;">February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be &#39;A&#39; listed commercial banks. &nbsp;</p>

<p style="text-align: justify;">Apparently, the commercials banks with higher paid-up capital will be prioritised for the openings. The banks should have outstanding physical and technical aspects and should be a member of ASBA system as well. Moreover, such banks should also have obtained DP license, extended branch network and carried out state&#39;s transactions.</p>

<p style="text-align: justify;">The additional clearing banks are being appointed after the amendment of Securities Transaction Clearing and Settlement By-Laws, 2073 by Securities Board of Nepal (SEBON).&nbsp;</p>
',
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			'created' => '2017-02-26',
			'modified' => '2017-02-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5191',
			'image' => '20170226114557_cdsc.jpg',
			'article_date' => '2017-02-26 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5397',
			'article_category_id' => '1',
			'title' => 'NRB to Invest Rs 726.9 million in Fixed Deposit',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.',
			'content' => '<p style="text-align: justify;">February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on &#39;A&#39; listed commercial banks, &#39;B&#39; listed national level development banks and &#39;C&#39; listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.</p>

<p style="text-align: justify;">The central bank is investing Rs 581.5 million as FD in &#39;A&#39; listed commercial bank. Similarly, the bank is investing Rs 109 million and Rs 36.3 million as FD in &#39;B&#39; listed and &#39;C&#39; listed BFIs respectively. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p>

<p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 28 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p>

<p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p>

<p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public. Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5190',
			'image' => '20170224012259_nrb.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
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			'id' => '5396',
			'article_category_id' => '1',
			'title' => 'NT's Festival Offer',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company's policy of providing telecommunication services in econom',
			'content' => '<p style="text-align: justify;">February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company&#39;s policy of providing telecommunication services in economical rate to its customers.</p>

<p style="text-align: justify;">According to the statement, the customers will be provided 100 MB data for Rs 75 and 100 MB YouTube data pack as bonus under the data bundle package of the festival offer for 15 days. Likewise, the customers will be provided 200 MB data and 200 MB YouTube data pack as bonus for Rs 150. The data can be utilised for 30 days.</p>

<p style="text-align: justify;">The customers can subscribe to the data packages by texting U100 and U200 for 100 MB and 200 MB respectively to 1415.</p>

<p style="text-align: justify;">Similarly, under facebook package, the customers will be provided 100MB data for 5 days for Rs 22.60. In order to get the services, the customers must text Facebook and send to 1415.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5189',
			'image' => '20170224125605_nt.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5395',
			'article_category_id' => '1',
			'title' => 'Sunrise and RBB to Finance Annapurna Cable Car Project',
			'sub_title' => '',
			'summary' => 'February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepre',
			'content' => '<p style="text-align: justify;">February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepreneur Kalu Gurung and Japan-born Nepali Citizen Takasi Miyahara and is scheduled to finish within two years. &nbsp;The two banks will finance Rs 660 million in the total cost of Rs 896 million for the project.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5188',
			'image' => '20170224121613_annapurna.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5394',
			'article_category_id' => '1',
			'title' => 'Garima Starts ATM Outlet in Beni',
			'sub_title' => '',
			'summary' => 'February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.',
			'content' => '<p style="text-align: justify;">February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.</p>

<p style="text-align: justify;">Gobinda Prasad Dhakal, CEO of the bank and Hari Kumar Shrestha, BOD member of the bank jointly inaugurated the ATM outlet amid a program. With the addition, number of ATM outlets of the bank has reached seven.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5187',
			'image' => '20170224113546_garima.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '5393',
			'article_category_id' => '1',
			'title' => 'Bajaj Pulsar NS 160 “Power to Play” Launched in Nepal',
			'sub_title' => '',
			'summary' => 'February 24: Hansraj Hulaschand & Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.',
			'content' => '<p style="text-align: justify;">February 24: Hansraj Hulaschand &amp; Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that the new Pulsar NS 160 is powered by an all-new DTS-i 160.3cc oil-cooled single-cylinder engine. The motor churns out a maximum power output of 15.5 PS @ 8500 rpm and maximum torque of 14.6 NM @ 6500 rpm.</p>

<p style="text-align: justify;">According to the company, the bike comes with minimal head fairing, 55w halogen headlamp, new fuel filler cap, digital instrument panel with analog tachometer, nitrox mono shock rear suspension, silver finish center stay and rear foot rest, air deflecting cowl, clear lens indicators, split seats and grab rails.</p>

<p style="text-align: justify;">&quot;Pulsar NS 160 comes in three colors passion red, pearl metallic white and sapphire blue mixed with satin black and is available at all Bajaj showroom across the nation with an introductory Price of Rs.2,59,900,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5186',
			'image' => '20170224111811_pulsar.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5392',
			'article_category_id' => '1',
			'title' => 'Free AC Service Camp of CG',
			'sub_title' => '',
			'summary' => 'February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj.  Similarly, the group will organise the camp in Biratnagar, Itahari a',
			'content' => '<p style="text-align: justify;">February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj. &nbsp;Similarly, the group will organise the camp in Biratnagar, Itahari and Dharan from March 12-31.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5185',
			'image' => '20170224111628_cg.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5387',
			'article_category_id' => '1',
			'title' => 'Private Sector Vital for Infrastructural Development: CNI',
			'sub_title' => '',
			'summary' => 'February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector's participation in infrastructure development. The confederation opined that the summit proved private sector's importance in the construction of sustainable and secure infrastructural network for the development of the c',
			'content' => '<p style="text-align: justify;">February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector&#39;s participation in infrastructure development. The confederation opined that the summit proved private sector&#39;s importance in the construction of sustainable and secure infrastructural network for the development of the company.</p>

<p style="text-align: justify;">&quot;The low investment in infrastructure in Nepal has halted the development and expansion of industries in Nepal,&quot; said Hari Bhakta Sharma, President of CNI. &quot;Moreover economy is unable to generate required employment due to the contraction in the industrial development. Development of infrastructure is also essential to improve livelihood of people,&quot; he said. The summit has established the fact that the infrastructural development in the fast run is required to generate production based employment and eradication of poverty through high, inclusive and sustainable economic growth.</p>

<p style="text-align: justify;">The confederation has requested all related bodies and officials to take the announcement made in the summit seriously and to implement them as soon as possible by making necessary amendment in Act and Policies. Experience of various countries show the importance of public-private-partnership (PPP) in the development of infrastructure, viewed experts participated in the summit. Nepal should note from those experience and bring necessary Acts for that matter, they stressed.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5184',
			'image' => '20170223124130_cni.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5386',
			'article_category_id' => '1',
			'title' => 'India Allocates Rs 91.5 Bn for Arun III',
			'sub_title' => '',
			'summary' => 'February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of  Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. "The HEP is expected to get a financial ',
			'content' => '<p style="text-align: justify;">February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of &nbsp;Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. &quot;The HEP is expected to get a financial closure within this September and conclude within the next five years,&quot; said Goyal.</p>

<p style="text-align: justify;">With the confirmation, construction possibility of Arun III has increased which was &nbsp;lingering since nearly two decades. The project is being constructed by Central Government of India along with Satluj Jal Vidhyut Nigam (SJVN) partially owned by government of Himanchal Pradesh.&nbsp; Nepal Investment Board and SJVN already concluded Project Development Agreement (PDA) regarding the construction of the HEP.</p>

<p style="text-align: justify;">RN Mishra, Chairman and Managing Director of SJVN express his happiness on approval of the long waited budget for the HEP. The electricity produced from Arun III HEP will mostly be sent to India and the developer will be benefited for 25 years from the HEP. In the course, Nepal will get 1/5 of electricity produced from the HEP free and will received nearly Rs 350 billion as royalty and various other charges.</p>

<p style="text-align: justify;">SJVN has nearly finished the compensation distribution task to HEP affected locals. Till date, it has spent nearly Rs 1.25 billion on compensation distribution. It is rumoured that the company spent excessive money under valuation and other topics for the locals.</p>

<p style="text-align: justify;"><u>Gains and losses of Nepal</u></p>

<ul>
	<li style="text-align: justify;">Nepal gets 21.9 per cent/ 197.1 MW free electricity from the 9MW HEP</li>
	<li style="text-align: justify;">Nepal must provide bulk Rs 4.50 billion as of Rs 500,000 per MW to the HEP after the conclusion of construction.</li>
	<li style="text-align: justify;">The company, after commencing production, is entitled of 100 per cent tax exemption for 10 years and of 50 per cent for following 5 years from Nepal.</li>
	<li style="text-align: justify;">50 per cent discount on custom charge in cements, rods and steel merchandise imported for the HEP.</li>
	<li style="text-align: justify;">Nepal government must compensate the company if the government halts any approval, change in legal policies and strikes for more than 21 days caused by general strikes, constrictions and state of emergency.&nbsp;</li>
</ul>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223112552_aurn iii.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5388',
			'article_category_id' => '1',
			'title' => 'Financial Services through Mobile',
			'sub_title' => '',
			'summary' => 'February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.',
			'content' => '<p style="text-align:justify">February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.</p>

<p style="text-align:justify">According to Suman Pokharel, CEO of IME, the companies aim to provide mobile based wallet services to around 600,000 people using remittance service of IME and non-remittance sectors as well. As per Pokharel, the campaign will provide financial services to people of rural areas and group of people deprived from banking services. For this, IME will partner will mobile network operator, remittance agents, commercial banks, agents of branchless banking and merchants to provide the financial services. He said, &quot;The campaign which purposed to provide mobile based financial services will operate after getting approval from Nepal Rastra Bank. The customers having access to internet can use this service by downloading the application otherwise they can use NTC data service to do financial transactions.&quot;</p>

<p style="text-align:justify">Dr. Chiranjivi Nepal, Governor of NRB addressed the program and said that such innovative electronic modern payment system will increase government revenue by Rs 50 billion annually. &quot;Moreover, the payment system will help to increase economic transparency,&quot; he added.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223013009_mobile banking.jpg',
			'article_date' => '2017-02-23 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5389',
			'article_category_id' => '1',
			'title' => 'NIC Asia Capital Obtains Merchant Banking Approval',
			'sub_title' => '',
			'summary' => 'February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.',
			'content' => '<p>February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.</p>

<p>After receiving final approval from Company Registrar Office, the company will provide new and customer oriented merchant banking services, said the company in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223024919_NIC Asia.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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			'id' => '5390',
			'article_category_id' => '1',
			'title' => 'Chhetri Bags Car in Berger Paints Prize Scheme',
			'sub_title' => '',
			'summary' => 'February 23: Berger Paints has announced the winners of Berger 'RangManch Scheme'. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inche',
			'content' => '<p style="text-align:justify">February 23: Berger Paints has announced the winners of Berger &#39;RangManch Scheme&#39;. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inches Samsung TV to 10 winners, reads a press statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223033303_berger.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
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			'id' => '5391',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Supports Children',
			'sub_title' => '',
			'summary' => 'February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice ',
			'content' => '<p style="text-align:justify">February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice weighing 30 kilos each, stationery items and chocolates.</p>

<p style="text-align:justify">On the occasion, there was an interaction program between the official of airlines and the children of the home. &nbsp;Ujjwala Dali, Department Head of Brand and Service Improvement said that the home is praiseworthy to continuously improve the lives of deprived children. She said, &quot;With a small contribution of the company, I am proud to get emotionally attached with the children and commit to continue the partnership.&quot;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223034026_himalayan.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5385',
			'article_category_id' => '1',
			'title' => 'Renault's Test Drive',
			'sub_title' => '',
			'summary' => 'February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.',
			'content' => '<p style="text-align: justify;">February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.</p>

<p style="text-align: justify;">According to the statement, the visitors can drive themselves and examine the cars during test drive program. The company informed that it organised a program to provide information about Renault brand to its customers. The test drive will start from 10 am to 6 pm and will conclude on March 2.&nbsp;</p>
',
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			'created' => '2017-02-22',
			'modified' => '2017-02-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5182',
			'image' => '20170222051121_renault.jpg',
			'article_date' => '2017-02-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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)
$current_user = null
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include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

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
//    $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';



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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5399',
			'article_category_id' => '1',
			'title' => 'Commercial Banks Log Rs 20.84 Bn Net Profit in 2nd Quarter',
			'sub_title' => '',
			'summary' => 'February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as w',
			'content' => '<p style="text-align:justify">February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as well.</p>

<p style="text-align:justify">During the period, the net profit of six banks surpassed Rs 1 billion. In the corresponding period of the last FY, net profit of four banks exceeded Rs 1 billion. According to the unpublished &nbsp;second quarter financial reports of the current FY, Nepal Bank has earned maximum profit. The bank earned net profit of Rs 1.89 billion which is 80.80 per cent more than the corresponding period of the last FY. The growth is attributed to the high growth in operating profit of the bank. In the review period, the operating profit of the bank increased by 114.99 per cent to Rs 1.38 billion. Similarly, Nabil Bank, Nepal Investment, Rastriya Banijya Bank, Prabhu and Himalayan Bank also earned Rs 1 billion exceeding net profit.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/commercial%20bank.JPG" style="height:310px; width:807px" /></p>

<p style="text-align:justify">As per the growth rate, net profit of Prabhu and Agricultural Development Bank has increased maximum. &nbsp;In the review period, Prabhu Bank increased its profit by 174.21 per cent and Agricultural Development Bank increased its profit by 133.97 per cent. Along with the increase in operating profit and net interest income, recovery of Rs 1 billion bad debt raised the net profit of Prabhu Bank significantly. Meanwhile, operating profit of Agricultural Development Bank increased by 158.18 per cent during the period.</p>

<p style="text-align:justify">In the first six months of the current FY, the operating profit of Himalayan Bank has increased by 503.4 per cent to Rs 7.60 billion from Rs 1.26 billion of the corresponding period of the last FY. Among the 28 banks, Nepal Credit and Commerce Bank raised its net interest income by 104.06 per cent.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-26',
			'modified' => '2017-02-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5192',
			'image' => '20170226011001_net profit.jpg',
			'article_date' => '2017-02-26 00:00:00',
			'homepage' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '5398',
			'article_category_id' => '1',
			'title' => 'Additional 3 Clearing Banks being appointed',
			'sub_title' => '',
			'summary' => 'February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be 'A' listed commercial banks.  ',
			'content' => '<p style="text-align: justify;">February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be &#39;A&#39; listed commercial banks. &nbsp;</p>

<p style="text-align: justify;">Apparently, the commercials banks with higher paid-up capital will be prioritised for the openings. The banks should have outstanding physical and technical aspects and should be a member of ASBA system as well. Moreover, such banks should also have obtained DP license, extended branch network and carried out state&#39;s transactions.</p>

<p style="text-align: justify;">The additional clearing banks are being appointed after the amendment of Securities Transaction Clearing and Settlement By-Laws, 2073 by Securities Board of Nepal (SEBON).&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-26',
			'modified' => '2017-02-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5191',
			'image' => '20170226114557_cdsc.jpg',
			'article_date' => '2017-02-26 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 2 => array(
		'Article' => array(
			'id' => '5397',
			'article_category_id' => '1',
			'title' => 'NRB to Invest Rs 726.9 million in Fixed Deposit',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.',
			'content' => '<p style="text-align: justify;">February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on &#39;A&#39; listed commercial banks, &#39;B&#39; listed national level development banks and &#39;C&#39; listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.</p>

<p style="text-align: justify;">The central bank is investing Rs 581.5 million as FD in &#39;A&#39; listed commercial bank. Similarly, the bank is investing Rs 109 million and Rs 36.3 million as FD in &#39;B&#39; listed and &#39;C&#39; listed BFIs respectively. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p>

<p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 28 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p>

<p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p>

<p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public. Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5190',
			'image' => '20170224012259_nrb.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5396',
			'article_category_id' => '1',
			'title' => 'NT's Festival Offer',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company's policy of providing telecommunication services in econom',
			'content' => '<p style="text-align: justify;">February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company&#39;s policy of providing telecommunication services in economical rate to its customers.</p>

<p style="text-align: justify;">According to the statement, the customers will be provided 100 MB data for Rs 75 and 100 MB YouTube data pack as bonus under the data bundle package of the festival offer for 15 days. Likewise, the customers will be provided 200 MB data and 200 MB YouTube data pack as bonus for Rs 150. The data can be utilised for 30 days.</p>

<p style="text-align: justify;">The customers can subscribe to the data packages by texting U100 and U200 for 100 MB and 200 MB respectively to 1415.</p>

<p style="text-align: justify;">Similarly, under facebook package, the customers will be provided 100MB data for 5 days for Rs 22.60. In order to get the services, the customers must text Facebook and send to 1415.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5189',
			'image' => '20170224125605_nt.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '5395',
			'article_category_id' => '1',
			'title' => 'Sunrise and RBB to Finance Annapurna Cable Car Project',
			'sub_title' => '',
			'summary' => 'February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepre',
			'content' => '<p style="text-align: justify;">February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepreneur Kalu Gurung and Japan-born Nepali Citizen Takasi Miyahara and is scheduled to finish within two years. &nbsp;The two banks will finance Rs 660 million in the total cost of Rs 896 million for the project.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5188',
			'image' => '20170224121613_annapurna.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 5 => array(
		'Article' => array(
			'id' => '5394',
			'article_category_id' => '1',
			'title' => 'Garima Starts ATM Outlet in Beni',
			'sub_title' => '',
			'summary' => 'February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.',
			'content' => '<p style="text-align: justify;">February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.</p>

<p style="text-align: justify;">Gobinda Prasad Dhakal, CEO of the bank and Hari Kumar Shrestha, BOD member of the bank jointly inaugurated the ATM outlet amid a program. With the addition, number of ATM outlets of the bank has reached seven.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5187',
			'image' => '20170224113546_garima.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5393',
			'article_category_id' => '1',
			'title' => 'Bajaj Pulsar NS 160 “Power to Play” Launched in Nepal',
			'sub_title' => '',
			'summary' => 'February 24: Hansraj Hulaschand & Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.',
			'content' => '<p style="text-align: justify;">February 24: Hansraj Hulaschand &amp; Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that the new Pulsar NS 160 is powered by an all-new DTS-i 160.3cc oil-cooled single-cylinder engine. The motor churns out a maximum power output of 15.5 PS @ 8500 rpm and maximum torque of 14.6 NM @ 6500 rpm.</p>

<p style="text-align: justify;">According to the company, the bike comes with minimal head fairing, 55w halogen headlamp, new fuel filler cap, digital instrument panel with analog tachometer, nitrox mono shock rear suspension, silver finish center stay and rear foot rest, air deflecting cowl, clear lens indicators, split seats and grab rails.</p>

<p style="text-align: justify;">&quot;Pulsar NS 160 comes in three colors passion red, pearl metallic white and sapphire blue mixed with satin black and is available at all Bajaj showroom across the nation with an introductory Price of Rs.2,59,900,&quot; reads the statement.</p>
',
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			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5186',
			'image' => '20170224111811_pulsar.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5392',
			'article_category_id' => '1',
			'title' => 'Free AC Service Camp of CG',
			'sub_title' => '',
			'summary' => 'February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj.  Similarly, the group will organise the camp in Biratnagar, Itahari a',
			'content' => '<p style="text-align: justify;">February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj. &nbsp;Similarly, the group will organise the camp in Biratnagar, Itahari and Dharan from March 12-31.&nbsp;</p>
',
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			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5185',
			'image' => '20170224111628_cg.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5387',
			'article_category_id' => '1',
			'title' => 'Private Sector Vital for Infrastructural Development: CNI',
			'sub_title' => '',
			'summary' => 'February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector's participation in infrastructure development. The confederation opined that the summit proved private sector's importance in the construction of sustainable and secure infrastructural network for the development of the c',
			'content' => '<p style="text-align: justify;">February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector&#39;s participation in infrastructure development. The confederation opined that the summit proved private sector&#39;s importance in the construction of sustainable and secure infrastructural network for the development of the company.</p>

<p style="text-align: justify;">&quot;The low investment in infrastructure in Nepal has halted the development and expansion of industries in Nepal,&quot; said Hari Bhakta Sharma, President of CNI. &quot;Moreover economy is unable to generate required employment due to the contraction in the industrial development. Development of infrastructure is also essential to improve livelihood of people,&quot; he said. The summit has established the fact that the infrastructural development in the fast run is required to generate production based employment and eradication of poverty through high, inclusive and sustainable economic growth.</p>

<p style="text-align: justify;">The confederation has requested all related bodies and officials to take the announcement made in the summit seriously and to implement them as soon as possible by making necessary amendment in Act and Policies. Experience of various countries show the importance of public-private-partnership (PPP) in the development of infrastructure, viewed experts participated in the summit. Nepal should note from those experience and bring necessary Acts for that matter, they stressed.&nbsp;</p>
',
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			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5184',
			'image' => '20170223124130_cni.jpg',
			'article_date' => '2017-02-23 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5386',
			'article_category_id' => '1',
			'title' => 'India Allocates Rs 91.5 Bn for Arun III',
			'sub_title' => '',
			'summary' => 'February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of  Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. "The HEP is expected to get a financial ',
			'content' => '<p style="text-align: justify;">February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of &nbsp;Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. &quot;The HEP is expected to get a financial closure within this September and conclude within the next five years,&quot; said Goyal.</p>

<p style="text-align: justify;">With the confirmation, construction possibility of Arun III has increased which was &nbsp;lingering since nearly two decades. The project is being constructed by Central Government of India along with Satluj Jal Vidhyut Nigam (SJVN) partially owned by government of Himanchal Pradesh.&nbsp; Nepal Investment Board and SJVN already concluded Project Development Agreement (PDA) regarding the construction of the HEP.</p>

<p style="text-align: justify;">RN Mishra, Chairman and Managing Director of SJVN express his happiness on approval of the long waited budget for the HEP. The electricity produced from Arun III HEP will mostly be sent to India and the developer will be benefited for 25 years from the HEP. In the course, Nepal will get 1/5 of electricity produced from the HEP free and will received nearly Rs 350 billion as royalty and various other charges.</p>

<p style="text-align: justify;">SJVN has nearly finished the compensation distribution task to HEP affected locals. Till date, it has spent nearly Rs 1.25 billion on compensation distribution. It is rumoured that the company spent excessive money under valuation and other topics for the locals.</p>

<p style="text-align: justify;"><u>Gains and losses of Nepal</u></p>

<ul>
	<li style="text-align: justify;">Nepal gets 21.9 per cent/ 197.1 MW free electricity from the 9MW HEP</li>
	<li style="text-align: justify;">Nepal must provide bulk Rs 4.50 billion as of Rs 500,000 per MW to the HEP after the conclusion of construction.</li>
	<li style="text-align: justify;">The company, after commencing production, is entitled of 100 per cent tax exemption for 10 years and of 50 per cent for following 5 years from Nepal.</li>
	<li style="text-align: justify;">50 per cent discount on custom charge in cements, rods and steel merchandise imported for the HEP.</li>
	<li style="text-align: justify;">Nepal government must compensate the company if the government halts any approval, change in legal policies and strikes for more than 21 days caused by general strikes, constrictions and state of emergency.&nbsp;</li>
</ul>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223112552_aurn iii.jpg',
			'article_date' => '2017-02-23 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5388',
			'article_category_id' => '1',
			'title' => 'Financial Services through Mobile',
			'sub_title' => '',
			'summary' => 'February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.',
			'content' => '<p style="text-align:justify">February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.</p>

<p style="text-align:justify">According to Suman Pokharel, CEO of IME, the companies aim to provide mobile based wallet services to around 600,000 people using remittance service of IME and non-remittance sectors as well. As per Pokharel, the campaign will provide financial services to people of rural areas and group of people deprived from banking services. For this, IME will partner will mobile network operator, remittance agents, commercial banks, agents of branchless banking and merchants to provide the financial services. He said, &quot;The campaign which purposed to provide mobile based financial services will operate after getting approval from Nepal Rastra Bank. The customers having access to internet can use this service by downloading the application otherwise they can use NTC data service to do financial transactions.&quot;</p>

<p style="text-align:justify">Dr. Chiranjivi Nepal, Governor of NRB addressed the program and said that such innovative electronic modern payment system will increase government revenue by Rs 50 billion annually. &quot;Moreover, the payment system will help to increase economic transparency,&quot; he added.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-02-23',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223013009_mobile banking.jpg',
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		'Article' => array(
			'id' => '5389',
			'article_category_id' => '1',
			'title' => 'NIC Asia Capital Obtains Merchant Banking Approval',
			'sub_title' => '',
			'summary' => 'February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.',
			'content' => '<p>February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.</p>

<p>After receiving final approval from Company Registrar Office, the company will provide new and customer oriented merchant banking services, said the company in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223024919_NIC Asia.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5390',
			'article_category_id' => '1',
			'title' => 'Chhetri Bags Car in Berger Paints Prize Scheme',
			'sub_title' => '',
			'summary' => 'February 23: Berger Paints has announced the winners of Berger 'RangManch Scheme'. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inche',
			'content' => '<p style="text-align:justify">February 23: Berger Paints has announced the winners of Berger &#39;RangManch Scheme&#39;. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inches Samsung TV to 10 winners, reads a press statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223033303_berger.jpg',
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		'Article' => array(
			'id' => '5391',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Supports Children',
			'sub_title' => '',
			'summary' => 'February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice ',
			'content' => '<p style="text-align:justify">February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice weighing 30 kilos each, stationery items and chocolates.</p>

<p style="text-align:justify">On the occasion, there was an interaction program between the official of airlines and the children of the home. &nbsp;Ujjwala Dali, Department Head of Brand and Service Improvement said that the home is praiseworthy to continuously improve the lives of deprived children. She said, &quot;With a small contribution of the company, I am proud to get emotionally attached with the children and commit to continue the partnership.&quot;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223034026_himalayan.jpg',
			'article_date' => '2017-02-23 00:00:00',
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		'Article' => array(
			'id' => '5385',
			'article_category_id' => '1',
			'title' => 'Renault's Test Drive',
			'sub_title' => '',
			'summary' => 'February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.',
			'content' => '<p style="text-align: justify;">February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.</p>

<p style="text-align: justify;">According to the statement, the visitors can drive themselves and examine the cars during test drive program. The company informed that it organised a program to provide information about Renault brand to its customers. The test drive will start from 10 am to 6 pm and will conclude on March 2.&nbsp;</p>
',
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			'created' => '2017-02-22',
			'modified' => '2017-02-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5182',
			'image' => '20170222051121_renault.jpg',
			'article_date' => '2017-02-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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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
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '5399',
			'article_category_id' => '1',
			'title' => 'Commercial Banks Log Rs 20.84 Bn Net Profit in 2nd Quarter',
			'sub_title' => '',
			'summary' => 'February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as w',
			'content' => '<p style="text-align:justify">February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as well.</p>

<p style="text-align:justify">During the period, the net profit of six banks surpassed Rs 1 billion. In the corresponding period of the last FY, net profit of four banks exceeded Rs 1 billion. According to the unpublished &nbsp;second quarter financial reports of the current FY, Nepal Bank has earned maximum profit. The bank earned net profit of Rs 1.89 billion which is 80.80 per cent more than the corresponding period of the last FY. The growth is attributed to the high growth in operating profit of the bank. In the review period, the operating profit of the bank increased by 114.99 per cent to Rs 1.38 billion. Similarly, Nabil Bank, Nepal Investment, Rastriya Banijya Bank, Prabhu and Himalayan Bank also earned Rs 1 billion exceeding net profit.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/commercial%20bank.JPG" style="height:310px; width:807px" /></p>

<p style="text-align:justify">As per the growth rate, net profit of Prabhu and Agricultural Development Bank has increased maximum. &nbsp;In the review period, Prabhu Bank increased its profit by 174.21 per cent and Agricultural Development Bank increased its profit by 133.97 per cent. Along with the increase in operating profit and net interest income, recovery of Rs 1 billion bad debt raised the net profit of Prabhu Bank significantly. Meanwhile, operating profit of Agricultural Development Bank increased by 158.18 per cent during the period.</p>

<p style="text-align:justify">In the first six months of the current FY, the operating profit of Himalayan Bank has increased by 503.4 per cent to Rs 7.60 billion from Rs 1.26 billion of the corresponding period of the last FY. Among the 28 banks, Nepal Credit and Commerce Bank raised its net interest income by 104.06 per cent.&nbsp;</p>
',
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			'created' => '2017-02-26',
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			'keywords' => '',
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			'sortorder' => '5192',
			'image' => '20170226011001_net profit.jpg',
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		'Article' => array(
			'id' => '5398',
			'article_category_id' => '1',
			'title' => 'Additional 3 Clearing Banks being appointed',
			'sub_title' => '',
			'summary' => 'February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be 'A' listed commercial banks.  ',
			'content' => '<p style="text-align: justify;">February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be &#39;A&#39; listed commercial banks. &nbsp;</p>

<p style="text-align: justify;">Apparently, the commercials banks with higher paid-up capital will be prioritised for the openings. The banks should have outstanding physical and technical aspects and should be a member of ASBA system as well. Moreover, such banks should also have obtained DP license, extended branch network and carried out state&#39;s transactions.</p>

<p style="text-align: justify;">The additional clearing banks are being appointed after the amendment of Securities Transaction Clearing and Settlement By-Laws, 2073 by Securities Board of Nepal (SEBON).&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-26',
			'modified' => '2017-02-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5191',
			'image' => '20170226114557_cdsc.jpg',
			'article_date' => '2017-02-26 00:00:00',
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		'Article' => array(
			'id' => '5397',
			'article_category_id' => '1',
			'title' => 'NRB to Invest Rs 726.9 million in Fixed Deposit',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.',
			'content' => '<p style="text-align: justify;">February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on &#39;A&#39; listed commercial banks, &#39;B&#39; listed national level development banks and &#39;C&#39; listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.</p>

<p style="text-align: justify;">The central bank is investing Rs 581.5 million as FD in &#39;A&#39; listed commercial bank. Similarly, the bank is investing Rs 109 million and Rs 36.3 million as FD in &#39;B&#39; listed and &#39;C&#39; listed BFIs respectively. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p>

<p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 28 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p>

<p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p>

<p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public. Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5190',
			'image' => '20170224012259_nrb.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5396',
			'article_category_id' => '1',
			'title' => 'NT's Festival Offer',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company's policy of providing telecommunication services in econom',
			'content' => '<p style="text-align: justify;">February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company&#39;s policy of providing telecommunication services in economical rate to its customers.</p>

<p style="text-align: justify;">According to the statement, the customers will be provided 100 MB data for Rs 75 and 100 MB YouTube data pack as bonus under the data bundle package of the festival offer for 15 days. Likewise, the customers will be provided 200 MB data and 200 MB YouTube data pack as bonus for Rs 150. The data can be utilised for 30 days.</p>

<p style="text-align: justify;">The customers can subscribe to the data packages by texting U100 and U200 for 100 MB and 200 MB respectively to 1415.</p>

<p style="text-align: justify;">Similarly, under facebook package, the customers will be provided 100MB data for 5 days for Rs 22.60. In order to get the services, the customers must text Facebook and send to 1415.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5189',
			'image' => '20170224125605_nt.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5395',
			'article_category_id' => '1',
			'title' => 'Sunrise and RBB to Finance Annapurna Cable Car Project',
			'sub_title' => '',
			'summary' => 'February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepre',
			'content' => '<p style="text-align: justify;">February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepreneur Kalu Gurung and Japan-born Nepali Citizen Takasi Miyahara and is scheduled to finish within two years. &nbsp;The two banks will finance Rs 660 million in the total cost of Rs 896 million for the project.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5188',
			'image' => '20170224121613_annapurna.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5394',
			'article_category_id' => '1',
			'title' => 'Garima Starts ATM Outlet in Beni',
			'sub_title' => '',
			'summary' => 'February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.',
			'content' => '<p style="text-align: justify;">February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.</p>

<p style="text-align: justify;">Gobinda Prasad Dhakal, CEO of the bank and Hari Kumar Shrestha, BOD member of the bank jointly inaugurated the ATM outlet amid a program. With the addition, number of ATM outlets of the bank has reached seven.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5187',
			'image' => '20170224113546_garima.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5393',
			'article_category_id' => '1',
			'title' => 'Bajaj Pulsar NS 160 “Power to Play” Launched in Nepal',
			'sub_title' => '',
			'summary' => 'February 24: Hansraj Hulaschand & Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.',
			'content' => '<p style="text-align: justify;">February 24: Hansraj Hulaschand &amp; Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that the new Pulsar NS 160 is powered by an all-new DTS-i 160.3cc oil-cooled single-cylinder engine. The motor churns out a maximum power output of 15.5 PS @ 8500 rpm and maximum torque of 14.6 NM @ 6500 rpm.</p>

<p style="text-align: justify;">According to the company, the bike comes with minimal head fairing, 55w halogen headlamp, new fuel filler cap, digital instrument panel with analog tachometer, nitrox mono shock rear suspension, silver finish center stay and rear foot rest, air deflecting cowl, clear lens indicators, split seats and grab rails.</p>

<p style="text-align: justify;">&quot;Pulsar NS 160 comes in three colors passion red, pearl metallic white and sapphire blue mixed with satin black and is available at all Bajaj showroom across the nation with an introductory Price of Rs.2,59,900,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5186',
			'image' => '20170224111811_pulsar.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5392',
			'article_category_id' => '1',
			'title' => 'Free AC Service Camp of CG',
			'sub_title' => '',
			'summary' => 'February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj.  Similarly, the group will organise the camp in Biratnagar, Itahari a',
			'content' => '<p style="text-align: justify;">February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj. &nbsp;Similarly, the group will organise the camp in Biratnagar, Itahari and Dharan from March 12-31.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5185',
			'image' => '20170224111628_cg.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5387',
			'article_category_id' => '1',
			'title' => 'Private Sector Vital for Infrastructural Development: CNI',
			'sub_title' => '',
			'summary' => 'February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector's participation in infrastructure development. The confederation opined that the summit proved private sector's importance in the construction of sustainable and secure infrastructural network for the development of the c',
			'content' => '<p style="text-align: justify;">February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector&#39;s participation in infrastructure development. The confederation opined that the summit proved private sector&#39;s importance in the construction of sustainable and secure infrastructural network for the development of the company.</p>

<p style="text-align: justify;">&quot;The low investment in infrastructure in Nepal has halted the development and expansion of industries in Nepal,&quot; said Hari Bhakta Sharma, President of CNI. &quot;Moreover economy is unable to generate required employment due to the contraction in the industrial development. Development of infrastructure is also essential to improve livelihood of people,&quot; he said. The summit has established the fact that the infrastructural development in the fast run is required to generate production based employment and eradication of poverty through high, inclusive and sustainable economic growth.</p>

<p style="text-align: justify;">The confederation has requested all related bodies and officials to take the announcement made in the summit seriously and to implement them as soon as possible by making necessary amendment in Act and Policies. Experience of various countries show the importance of public-private-partnership (PPP) in the development of infrastructure, viewed experts participated in the summit. Nepal should note from those experience and bring necessary Acts for that matter, they stressed.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5184',
			'image' => '20170223124130_cni.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5386',
			'article_category_id' => '1',
			'title' => 'India Allocates Rs 91.5 Bn for Arun III',
			'sub_title' => '',
			'summary' => 'February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of  Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. "The HEP is expected to get a financial ',
			'content' => '<p style="text-align: justify;">February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of &nbsp;Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. &quot;The HEP is expected to get a financial closure within this September and conclude within the next five years,&quot; said Goyal.</p>

<p style="text-align: justify;">With the confirmation, construction possibility of Arun III has increased which was &nbsp;lingering since nearly two decades. The project is being constructed by Central Government of India along with Satluj Jal Vidhyut Nigam (SJVN) partially owned by government of Himanchal Pradesh.&nbsp; Nepal Investment Board and SJVN already concluded Project Development Agreement (PDA) regarding the construction of the HEP.</p>

<p style="text-align: justify;">RN Mishra, Chairman and Managing Director of SJVN express his happiness on approval of the long waited budget for the HEP. The electricity produced from Arun III HEP will mostly be sent to India and the developer will be benefited for 25 years from the HEP. In the course, Nepal will get 1/5 of electricity produced from the HEP free and will received nearly Rs 350 billion as royalty and various other charges.</p>

<p style="text-align: justify;">SJVN has nearly finished the compensation distribution task to HEP affected locals. Till date, it has spent nearly Rs 1.25 billion on compensation distribution. It is rumoured that the company spent excessive money under valuation and other topics for the locals.</p>

<p style="text-align: justify;"><u>Gains and losses of Nepal</u></p>

<ul>
	<li style="text-align: justify;">Nepal gets 21.9 per cent/ 197.1 MW free electricity from the 9MW HEP</li>
	<li style="text-align: justify;">Nepal must provide bulk Rs 4.50 billion as of Rs 500,000 per MW to the HEP after the conclusion of construction.</li>
	<li style="text-align: justify;">The company, after commencing production, is entitled of 100 per cent tax exemption for 10 years and of 50 per cent for following 5 years from Nepal.</li>
	<li style="text-align: justify;">50 per cent discount on custom charge in cements, rods and steel merchandise imported for the HEP.</li>
	<li style="text-align: justify;">Nepal government must compensate the company if the government halts any approval, change in legal policies and strikes for more than 21 days caused by general strikes, constrictions and state of emergency.&nbsp;</li>
</ul>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223112552_aurn iii.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5388',
			'article_category_id' => '1',
			'title' => 'Financial Services through Mobile',
			'sub_title' => '',
			'summary' => 'February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.',
			'content' => '<p style="text-align:justify">February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.</p>

<p style="text-align:justify">According to Suman Pokharel, CEO of IME, the companies aim to provide mobile based wallet services to around 600,000 people using remittance service of IME and non-remittance sectors as well. As per Pokharel, the campaign will provide financial services to people of rural areas and group of people deprived from banking services. For this, IME will partner will mobile network operator, remittance agents, commercial banks, agents of branchless banking and merchants to provide the financial services. He said, &quot;The campaign which purposed to provide mobile based financial services will operate after getting approval from Nepal Rastra Bank. The customers having access to internet can use this service by downloading the application otherwise they can use NTC data service to do financial transactions.&quot;</p>

<p style="text-align:justify">Dr. Chiranjivi Nepal, Governor of NRB addressed the program and said that such innovative electronic modern payment system will increase government revenue by Rs 50 billion annually. &quot;Moreover, the payment system will help to increase economic transparency,&quot; he added.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223013009_mobile banking.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5389',
			'article_category_id' => '1',
			'title' => 'NIC Asia Capital Obtains Merchant Banking Approval',
			'sub_title' => '',
			'summary' => 'February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.',
			'content' => '<p>February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.</p>

<p>After receiving final approval from Company Registrar Office, the company will provide new and customer oriented merchant banking services, said the company in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223024919_NIC Asia.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5390',
			'article_category_id' => '1',
			'title' => 'Chhetri Bags Car in Berger Paints Prize Scheme',
			'sub_title' => '',
			'summary' => 'February 23: Berger Paints has announced the winners of Berger 'RangManch Scheme'. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inche',
			'content' => '<p style="text-align:justify">February 23: Berger Paints has announced the winners of Berger &#39;RangManch Scheme&#39;. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inches Samsung TV to 10 winners, reads a press statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223033303_berger.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5391',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Supports Children',
			'sub_title' => '',
			'summary' => 'February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice ',
			'content' => '<p style="text-align:justify">February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice weighing 30 kilos each, stationery items and chocolates.</p>

<p style="text-align:justify">On the occasion, there was an interaction program between the official of airlines and the children of the home. &nbsp;Ujjwala Dali, Department Head of Brand and Service Improvement said that the home is praiseworthy to continuously improve the lives of deprived children. She said, &quot;With a small contribution of the company, I am proud to get emotionally attached with the children and commit to continue the partnership.&quot;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223034026_himalayan.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5385',
			'article_category_id' => '1',
			'title' => 'Renault's Test Drive',
			'sub_title' => '',
			'summary' => 'February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.',
			'content' => '<p style="text-align: justify;">February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.</p>

<p style="text-align: justify;">According to the statement, the visitors can drive themselves and examine the cars during test drive program. The company informed that it organised a program to provide information about Renault brand to its customers. The test drive will start from 10 am to 6 pm and will conclude on March 2.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-22',
			'modified' => '2017-02-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5182',
			'image' => '20170222051121_renault.jpg',
			'article_date' => '2017-02-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '5399',
			'article_category_id' => '1',
			'title' => 'Commercial Banks Log Rs 20.84 Bn Net Profit in 2nd Quarter',
			'sub_title' => '',
			'summary' => 'February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as w',
			'content' => '<p style="text-align:justify">February 26: In the second quarter of the current FY, 28 commercial banks that are listed in Nepal Stock Exchange (NEPSE) have earned Rs 20.84 billion net profit. The banks earned Rs 14.50 billion net profit during the corresponding period of the last FY. The raise in the net profit of the commercial banks is attributed to increase in their operating profit, net interest income and paid-up capital as well.</p>

<p style="text-align:justify">During the period, the net profit of six banks surpassed Rs 1 billion. In the corresponding period of the last FY, net profit of four banks exceeded Rs 1 billion. According to the unpublished &nbsp;second quarter financial reports of the current FY, Nepal Bank has earned maximum profit. The bank earned net profit of Rs 1.89 billion which is 80.80 per cent more than the corresponding period of the last FY. The growth is attributed to the high growth in operating profit of the bank. In the review period, the operating profit of the bank increased by 114.99 per cent to Rs 1.38 billion. Similarly, Nabil Bank, Nepal Investment, Rastriya Banijya Bank, Prabhu and Himalayan Bank also earned Rs 1 billion exceeding net profit.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/commercial%20bank.JPG" style="height:310px; width:807px" /></p>

<p style="text-align:justify">As per the growth rate, net profit of Prabhu and Agricultural Development Bank has increased maximum. &nbsp;In the review period, Prabhu Bank increased its profit by 174.21 per cent and Agricultural Development Bank increased its profit by 133.97 per cent. Along with the increase in operating profit and net interest income, recovery of Rs 1 billion bad debt raised the net profit of Prabhu Bank significantly. Meanwhile, operating profit of Agricultural Development Bank increased by 158.18 per cent during the period.</p>

<p style="text-align:justify">In the first six months of the current FY, the operating profit of Himalayan Bank has increased by 503.4 per cent to Rs 7.60 billion from Rs 1.26 billion of the corresponding period of the last FY. Among the 28 banks, Nepal Credit and Commerce Bank raised its net interest income by 104.06 per cent.&nbsp;</p>
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			'created' => '2017-02-26',
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			'description' => '',
			'sortorder' => '5192',
			'image' => '20170226011001_net profit.jpg',
			'article_date' => '2017-02-26 00:00:00',
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		'Article' => array(
			'id' => '5398',
			'article_category_id' => '1',
			'title' => 'Additional 3 Clearing Banks being appointed',
			'sub_title' => '',
			'summary' => 'February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be 'A' listed commercial banks.  ',
			'content' => '<p style="text-align: justify;">February 26: CDS and Clearing has forwarded the process of adding three clearing banks as per the direction of Nepal Stock Exchange (NEPSE). The company recently invited Expression of Interest (EOI) regarding addition of clearing banks from interested companies. The EOI mentioned that the interested companies should be &#39;A&#39; listed commercial banks. &nbsp;</p>

<p style="text-align: justify;">Apparently, the commercials banks with higher paid-up capital will be prioritised for the openings. The banks should have outstanding physical and technical aspects and should be a member of ASBA system as well. Moreover, such banks should also have obtained DP license, extended branch network and carried out state&#39;s transactions.</p>

<p style="text-align: justify;">The additional clearing banks are being appointed after the amendment of Securities Transaction Clearing and Settlement By-Laws, 2073 by Securities Board of Nepal (SEBON).&nbsp;</p>
',
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			'created' => '2017-02-26',
			'modified' => '2017-02-26',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5191',
			'image' => '20170226114557_cdsc.jpg',
			'article_date' => '2017-02-26 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5397',
			'article_category_id' => '1',
			'title' => 'NRB to Invest Rs 726.9 million in Fixed Deposit',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on 'A' listed commercial banks, 'B' listed national level development banks and 'C' listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.',
			'content' => '<p style="text-align: justify;">February 24: Nepal Rastra Bank (NRB) is investing Rs 726.9 million on &#39;A&#39; listed commercial banks, &#39;B&#39; listed national level development banks and &#39;C&#39; listed national level finance companies. The central bank is investing the funds accumulated in its various trusts as fixed deposits (FD) in the aforementioned banks and financial institutions (BFIs) from March 14 2017 to March 13 2018.</p>

<p style="text-align: justify;">The central bank is investing Rs 581.5 million as FD in &#39;A&#39; listed commercial bank. Similarly, the bank is investing Rs 109 million and Rs 36.3 million as FD in &#39;B&#39; listed and &#39;C&#39; listed BFIs respectively. The bank has applied 11 conditions to invest the fund in the listed BFIs.</p>

<p style="text-align: justify;">The NRB has issued a notice in which the interested BFIs are asked to submitted a duly sealed price quotation form with the specified amount the BFIs willing to take as FD by February 28 1500 hours. The BFIs willing to take the FD must have come into operation for two years and should have minimum capital fund. The BFIs must fulfil the categories including the non-performing loan should be less than 5 per cent of total loan extension, net liquid assets should meet 20 per cent or more of the total domestic deposits will be eligible. According to NRB, the BFIs must have maintained the loan, domestic deposit and primary capital proportion as per the timely set standard by the central bank.</p>

<p style="text-align: justify;">Similarly, the BFIs earning operating profit in last FY and having real estate investment not exceeding NRB set limit can also participate in the FD plan. However, BFIs leaded by Directors, CEO or Executive Directors against whom NRB has taken action will not get an opportunity to participate.</p>

<p style="text-align: justify;">Similarly, BFIs completing minimum of 6 months from the Prompt Corrective Action taken by NRB can also apply for the deposit. NRB has also set a condition where the BFIs must have issued the shares allocated to general public. Likewise, the BFIs which are not announced problematic or completed 6 months since announced problem free are also allowed to apply for the fixed deposit of NRB.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5190',
			'image' => '20170224012259_nrb.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5396',
			'article_category_id' => '1',
			'title' => 'NT's Festival Offer',
			'sub_title' => '',
			'summary' => 'February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company's policy of providing telecommunication services in econom',
			'content' => '<p style="text-align: justify;">February 24: Nepal Telecom (NT) has brought a festival offer for its customers on the occasion of Maha Shivaratri. Issuing a press statement, the company informed of providing new facility in its data pack as per the company&#39;s policy of providing telecommunication services in economical rate to its customers.</p>

<p style="text-align: justify;">According to the statement, the customers will be provided 100 MB data for Rs 75 and 100 MB YouTube data pack as bonus under the data bundle package of the festival offer for 15 days. Likewise, the customers will be provided 200 MB data and 200 MB YouTube data pack as bonus for Rs 150. The data can be utilised for 30 days.</p>

<p style="text-align: justify;">The customers can subscribe to the data packages by texting U100 and U200 for 100 MB and 200 MB respectively to 1415.</p>

<p style="text-align: justify;">Similarly, under facebook package, the customers will be provided 100MB data for 5 days for Rs 22.60. In order to get the services, the customers must text Facebook and send to 1415.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5189',
			'image' => '20170224125605_nt.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5395',
			'article_category_id' => '1',
			'title' => 'Sunrise and RBB to Finance Annapurna Cable Car Project',
			'sub_title' => '',
			'summary' => 'February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepre',
			'content' => '<p style="text-align: justify;">February 24: Annapurna Cable car to be constructed in Sarangkot of Kaski has obtained a consortium loan under the headship of Sunrise Bank. The cable car project which is ought to be 2.3 kilometres long will be jointly financed by Sunrise Bank and Rastriya Banijya Bank. The project is being constructed by Pokhara based tourism entrepreneur Kalu Gurung and Japan-born Nepali Citizen Takasi Miyahara and is scheduled to finish within two years. &nbsp;The two banks will finance Rs 660 million in the total cost of Rs 896 million for the project.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5188',
			'image' => '20170224121613_annapurna.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5394',
			'article_category_id' => '1',
			'title' => 'Garima Starts ATM Outlet in Beni',
			'sub_title' => '',
			'summary' => 'February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.',
			'content' => '<p style="text-align: justify;">February 24: Garima Bikash Bank has started an ATM outlet in its Beni branch. The bank started the ATM as per its campaign of providing advance banking to its customers, said the bank in a press statement.</p>

<p style="text-align: justify;">Gobinda Prasad Dhakal, CEO of the bank and Hari Kumar Shrestha, BOD member of the bank jointly inaugurated the ATM outlet amid a program. With the addition, number of ATM outlets of the bank has reached seven.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5187',
			'image' => '20170224113546_garima.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5393',
			'article_category_id' => '1',
			'title' => 'Bajaj Pulsar NS 160 “Power to Play” Launched in Nepal',
			'sub_title' => '',
			'summary' => 'February 24: Hansraj Hulaschand & Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.',
			'content' => '<p style="text-align: justify;">February 24: Hansraj Hulaschand &amp; Co, the Sole distributor of Bajaj motorcycles for Nepal has launched Pulsar NS 160.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that the new Pulsar NS 160 is powered by an all-new DTS-i 160.3cc oil-cooled single-cylinder engine. The motor churns out a maximum power output of 15.5 PS @ 8500 rpm and maximum torque of 14.6 NM @ 6500 rpm.</p>

<p style="text-align: justify;">According to the company, the bike comes with minimal head fairing, 55w halogen headlamp, new fuel filler cap, digital instrument panel with analog tachometer, nitrox mono shock rear suspension, silver finish center stay and rear foot rest, air deflecting cowl, clear lens indicators, split seats and grab rails.</p>

<p style="text-align: justify;">&quot;Pulsar NS 160 comes in three colors passion red, pearl metallic white and sapphire blue mixed with satin black and is available at all Bajaj showroom across the nation with an introductory Price of Rs.2,59,900,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5186',
			'image' => '20170224111811_pulsar.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5392',
			'article_category_id' => '1',
			'title' => 'Free AC Service Camp of CG',
			'sub_title' => '',
			'summary' => 'February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj.  Similarly, the group will organise the camp in Biratnagar, Itahari a',
			'content' => '<p style="text-align: justify;">February 24: Chaudhary Group (CG) has started a free service camp for CG, LG and TCL brand of AC. The group is the authorised distributor of the brands in the Nepali market. Issuing a press statement, the company informed that the customers can exchange any brand of ACs with CG, LG or TCL brand of AC s in the camp. According to the company, the camp will be organised till March 10 in Kathmandu, Narayangadh, Butwal, Pokhara and Nepalgunj. &nbsp;Similarly, the group will organise the camp in Biratnagar, Itahari and Dharan from March 12-31.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-24',
			'modified' => '2017-02-24',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5185',
			'image' => '20170224111628_cg.jpg',
			'article_date' => '2017-02-24 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5387',
			'article_category_id' => '1',
			'title' => 'Private Sector Vital for Infrastructural Development: CNI',
			'sub_title' => '',
			'summary' => 'February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector's participation in infrastructure development. The confederation opined that the summit proved private sector's importance in the construction of sustainable and secure infrastructural network for the development of the c',
			'content' => '<p style="text-align: justify;">February 23: Organisers of Nepal Infrastructure Summit 2017 that was held on February 19/20 in Kathmandu has claimed of being successful. Confederation of Nepalese Industries (CNI), organiser of the summit, inviting a press meet on Wednesday, February 23 claimed that the summit was a success. The second session of Nepal Infrastructure Summit 2017 was organised with an object to start discussion on importance of private sector&#39;s participation in infrastructure development. The confederation opined that the summit proved private sector&#39;s importance in the construction of sustainable and secure infrastructural network for the development of the company.</p>

<p style="text-align: justify;">&quot;The low investment in infrastructure in Nepal has halted the development and expansion of industries in Nepal,&quot; said Hari Bhakta Sharma, President of CNI. &quot;Moreover economy is unable to generate required employment due to the contraction in the industrial development. Development of infrastructure is also essential to improve livelihood of people,&quot; he said. The summit has established the fact that the infrastructural development in the fast run is required to generate production based employment and eradication of poverty through high, inclusive and sustainable economic growth.</p>

<p style="text-align: justify;">The confederation has requested all related bodies and officials to take the announcement made in the summit seriously and to implement them as soon as possible by making necessary amendment in Act and Policies. Experience of various countries show the importance of public-private-partnership (PPP) in the development of infrastructure, viewed experts participated in the summit. Nepal should note from those experience and bring necessary Acts for that matter, they stressed.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5184',
			'image' => '20170223124130_cni.jpg',
			'article_date' => '2017-02-23 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' => '5386',
			'article_category_id' => '1',
			'title' => 'India Allocates Rs 91.5 Bn for Arun III',
			'sub_title' => '',
			'summary' => 'February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of  Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. "The HEP is expected to get a financial ',
			'content' => '<p style="text-align: justify;">February 23: Indian Government has allocated Rs 91.57 billion for the construction of 900MW Arun III Hydroelectricity Project (HEP) located at Sankhuwashabha. The meeting of &nbsp;Indian cabinet of ministers under the chairmanship of Indian Prime Minister Narendra Modi on February 22 allocated INR Rs 57.23 billion for the HEP. According to online portal of Times of India, Indian Power Minister Piyush Goyal confirmed the news of HEP. &quot;The HEP is expected to get a financial closure within this September and conclude within the next five years,&quot; said Goyal.</p>

<p style="text-align: justify;">With the confirmation, construction possibility of Arun III has increased which was &nbsp;lingering since nearly two decades. The project is being constructed by Central Government of India along with Satluj Jal Vidhyut Nigam (SJVN) partially owned by government of Himanchal Pradesh.&nbsp; Nepal Investment Board and SJVN already concluded Project Development Agreement (PDA) regarding the construction of the HEP.</p>

<p style="text-align: justify;">RN Mishra, Chairman and Managing Director of SJVN express his happiness on approval of the long waited budget for the HEP. The electricity produced from Arun III HEP will mostly be sent to India and the developer will be benefited for 25 years from the HEP. In the course, Nepal will get 1/5 of electricity produced from the HEP free and will received nearly Rs 350 billion as royalty and various other charges.</p>

<p style="text-align: justify;">SJVN has nearly finished the compensation distribution task to HEP affected locals. Till date, it has spent nearly Rs 1.25 billion on compensation distribution. It is rumoured that the company spent excessive money under valuation and other topics for the locals.</p>

<p style="text-align: justify;"><u>Gains and losses of Nepal</u></p>

<ul>
	<li style="text-align: justify;">Nepal gets 21.9 per cent/ 197.1 MW free electricity from the 9MW HEP</li>
	<li style="text-align: justify;">Nepal must provide bulk Rs 4.50 billion as of Rs 500,000 per MW to the HEP after the conclusion of construction.</li>
	<li style="text-align: justify;">The company, after commencing production, is entitled of 100 per cent tax exemption for 10 years and of 50 per cent for following 5 years from Nepal.</li>
	<li style="text-align: justify;">50 per cent discount on custom charge in cements, rods and steel merchandise imported for the HEP.</li>
	<li style="text-align: justify;">Nepal government must compensate the company if the government halts any approval, change in legal policies and strikes for more than 21 days caused by general strikes, constrictions and state of emergency.&nbsp;</li>
</ul>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223112552_aurn iii.jpg',
			'article_date' => '2017-02-23 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5388',
			'article_category_id' => '1',
			'title' => 'Financial Services through Mobile',
			'sub_title' => '',
			'summary' => 'February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.',
			'content' => '<p style="text-align:justify">February 23: IME Digital solution and UK Aid Sakchhyam Project have entered into a partnership regarding providing payment and financial services through mobile phone in Nepal. The companies signed on an agreement paper amid a program on February 22 regarding the matter.</p>

<p style="text-align:justify">According to Suman Pokharel, CEO of IME, the companies aim to provide mobile based wallet services to around 600,000 people using remittance service of IME and non-remittance sectors as well. As per Pokharel, the campaign will provide financial services to people of rural areas and group of people deprived from banking services. For this, IME will partner will mobile network operator, remittance agents, commercial banks, agents of branchless banking and merchants to provide the financial services. He said, &quot;The campaign which purposed to provide mobile based financial services will operate after getting approval from Nepal Rastra Bank. The customers having access to internet can use this service by downloading the application otherwise they can use NTC data service to do financial transactions.&quot;</p>

<p style="text-align:justify">Dr. Chiranjivi Nepal, Governor of NRB addressed the program and said that such innovative electronic modern payment system will increase government revenue by Rs 50 billion annually. &quot;Moreover, the payment system will help to increase economic transparency,&quot; he added.</p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223013009_mobile banking.jpg',
			'article_date' => '2017-02-23 00:00:00',
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5389',
			'article_category_id' => '1',
			'title' => 'NIC Asia Capital Obtains Merchant Banking Approval',
			'sub_title' => '',
			'summary' => 'February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.',
			'content' => '<p>February 23: NIC Asia Capital, a subsidiary company of NIC Asia Bank has obtained an approval of merchant banker. The company obtained the approval of merchant banking services including issue managing, securities underwriting, share registration and investment management from Securities Board of Nepal (SEBON) as per the Securities Broker Regulation, 2064.</p>

<p>After receiving final approval from Company Registrar Office, the company will provide new and customer oriented merchant banking services, said the company in a press statement.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223024919_NIC Asia.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5390',
			'article_category_id' => '1',
			'title' => 'Chhetri Bags Car in Berger Paints Prize Scheme',
			'sub_title' => '',
			'summary' => 'February 23: Berger Paints has announced the winners of Berger 'RangManch Scheme'. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inche',
			'content' => '<p style="text-align:justify">February 23: Berger Paints has announced the winners of Berger &#39;RangManch Scheme&#39;. According to the company, Pushpa Khatri Chhetri from Pokhara bagged Ford Figo as bumper prize under the scheme. Similarly, the company rewarded Pulsar 200 cc to Binod Rijal and Sangita Ale from Kathmandu and Pokhara respectively. Likewise, the company informed that it rewarded Samsung S 7 to three winners, 32 inches Sony Bravia TV to four winners. Moreover, the company rewarded 23 inches Samsung TV to 10 winners, reads a press statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223033303_berger.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5391',
			'article_category_id' => '1',
			'title' => 'Himalaya Airlines Supports Children',
			'sub_title' => '',
			'summary' => 'February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice ',
			'content' => '<p style="text-align:justify">February 23: Himalayan Airlines have supported children of Prayas Nepal with food and stationery items under its corporate social responsibility. The airlines supported the children home with 17 sacks of rice weighing 30 kilos each, stationery items and chocolates.</p>

<p style="text-align:justify">On the occasion, there was an interaction program between the official of airlines and the children of the home. &nbsp;Ujjwala Dali, Department Head of Brand and Service Improvement said that the home is praiseworthy to continuously improve the lives of deprived children. She said, &quot;With a small contribution of the company, I am proud to get emotionally attached with the children and commit to continue the partnership.&quot;</p>
',
			'published' => true,
			'created' => '2017-02-23',
			'modified' => '2017-02-23',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5183',
			'image' => '20170223034026_himalayan.jpg',
			'article_date' => '2017-02-23 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5385',
			'article_category_id' => '1',
			'title' => 'Renault's Test Drive',
			'sub_title' => '',
			'summary' => 'February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.',
			'content' => '<p style="text-align: justify;">February 22: Advance Automobile, the authorised distributor of Renault vehicles for Nepal has organised Renault test drive in various cities in Nepal. Issuing a press statement, the company informed that the visitors can get experience of Renault cars in the test drive program which was kicked off on February 21.</p>

<p style="text-align: justify;">According to the statement, the visitors can drive themselves and examine the cars during test drive program. The company informed that it organised a program to provide information about Renault brand to its customers. The test drive will start from 10 am to 6 pm and will conclude on March 2.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-22',
			'modified' => '2017-02-22',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5182',
			'image' => '20170222051121_renault.jpg',
			'article_date' => '2017-02-22 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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