February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core…
February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last…
February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the…
February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY…
February 22: Simrik Air is making flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is making flight from Surya Chaur of Nuwakot to Gosaikunda which will take around 15 minutes of time for up and down totaling to 30 minutes of…
February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20.…
February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a…
February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and…
February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised…
February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and…
February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is…
February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic…
February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the…
February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the…
February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country.…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5384', 'article_category_id' => '1', 'title' => 'Amendment in Monetary Policy: Relief to Industries; Tightens Trade', 'sub_title' => '', 'summary' => 'February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-de', 'content' => '<p style="text-align: justify;">February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-deposit (CCD) ratio of few banks have exceeded NRB limit due to excess investment in unproductive ratio.</p> <p style="text-align: justify;">On the backdrop of crisis of investable capital and the problems caused by liquidity crisis on bankers and industrial sector, the affected sectors had demanded amendment on monetary policy. NRB, that was reluctant of amendment initially, came up with certain flexible monetary policy tools after studying the problems.</p> <p style="text-align: justify;">The new mechanism provides some degree of relief to banks and industrial sector, however, it has tighten the trade. Citing that the banks have extended excessive loan to unproductive sector, the bank has declined the limit of overdraft loan to minimise the trend. According to NRB, it formed the new mechanism to obstruct the possible contraction in economical activities due to the adverse effect on industrial sector which is the backbone of the economy.</p> <p style="text-align: justify;">NRB, through publishing the mid-yearly monetary policy on February 21, set the limit of overdraft and revolving natured personal loan facility to Rs 7.5 million from Rs 10 million. Earlier, banks and financial institutions (BFIs) were extending loan up to Rs 10 million to one person. The central bank has directed to implement the decision within the end of current FY.</p> <p style="text-align: justify;">Moreover, the published monetary policy has adopted a policy to discourage loan extension in unproductive sector. The bank in order to discourage loan extension in unproductive sector reduced the limit of OD loan. Moreover, the bank has also reduced the loan limit of auto loan. As per the newly published monetary policy, BFIs can now grant loan up to 50 per cent of total value of the auto. Earlier, BFIs were providing auto loan up to 90 per cent of the total value.</p> <p style="text-align: justify;">Similarly, the monetary policy has extended the time for TR loan under which BFIs can provide loans on bills, discounting and other similar natured loans for maximum of 150 days.</p> <p style="text-align: justify;">Likewise, the mid-term monetary policy has given extra time to BFIs to implement loans to deprived community. The bank has extended the time limit to extend 2 per cent deprived community loan by the end of FY 2074/75.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5181', 'image' => '20170222045210_nrb.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5383', 'article_category_id' => '1', 'title' => 'Insurance Companies Record 60% Raise in Net Profit', 'sub_title' => '', 'summary' => 'February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY. The increase in net profit is attributed by the increase in insurance premium of these companies.</p> <p style="text-align: justify;">During the second quarter, the insurance company earning the maximum net profit is United Insurance. It raised its net profit by 228 per cent to Rs 39.2 million in the second quarter. Similarly, Lumbini, NB, Everest, Neco and Sagarmatha Insurance raised their profit by 172, 137, 126, 119 and 103 per cent respectively.</p> <p style="text-align: justify;">As per the amount, Rastriya Beema Company is leading other companies. The company earned Rs 261.6 million net profit by mid-January which is 93.4 per cent more than the corresponding period of the last FY. Likewise, Shikhar Insurance increased its net profit by 78.1 per cent to Rs 180.1 million. Meanwhile, Oriental insurance logged decline in its net profit by 27.3 per cent to Rs 71.3 million.</p> <p style="text-align: justify;">During the first six months of the current FY, the insurance companies has earned Rs 4.95 billion insurance premium. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5180', 'image' => '20170222030828_insurance.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5382', 'article_category_id' => '1', 'title' => 'Don't Stop Banking Investment in Heavy Equipment: FCAN', 'sub_title' => '', 'summary' => 'February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.', 'content' => '<p style="text-align: justify;">February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.</p> <p style="text-align: justify;">The federation showed its disappointment on the NRB decision regarding halting banking investment in luxurious goods. The federation opined that the decision has adverse effect on the construction industry as it will also halt banking investment for heavy equipments. The federation has requested not to stop loan investment on heavy equipments as they are not luxury goods.</p> <p style="text-align: justify;">According to the federation, if the banks stop providing loans for heavy equipments, it will have adverse effect in capital expenditure and economic activities as a whole. The federation has requested the officials of NBA to make initiation for granting loan on heavy equipments. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5179', 'image' => '20170222021400_nba.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5381', 'article_category_id' => '1', 'title' => 'Nepal Logs Trade Surplus with 48 Countries', 'sub_title' => '', 'summary' => 'February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.', 'content' => '<p style="text-align: justify;">February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.</p> <p style="text-align: justify;">Nepal has deficit trade balance with more than 140 countries among 190 trade partner countries. Britain holds the first position with which Nepal has surplus international trade balance. According to the centre, Nepal earned Rs 641.1 million profit from the trade with Britain last FY. During the period, Nepal exported Rs 2.851 billion worth of merchandise and imported Rs 2.21 billion worth of merchandise.</p> <p style="text-align: justify;">Similarly, America is another country with which Nepal has surplus international trade. In the FY 2072/73, Nepal earned Rs 637.7 million profit from the trade with America. During the period, Nepal imported Rs 9.34 billion worth of merchandise and exported Rs 8.70 billion worth of merchandise to America. Nepal has least trade surplus with Western Sahara of Rs 8000, according to the statistics. During the period, Nepal exported merchandise of Rs 8000 and no goods were imported from the country.</p> <p style="text-align: justify;">Nepal recorded foreign trade surplus with countries including Britain, America, Norway, Afghanistan and Iran. Apart from these, Nepal has surplus trade balance with Venezuela, Nigeria, Mali, Portugal, Monaco, Laos, Congo, Tokelau Panama, Rwanda, Guadeloupe, Sudan, Mongolia, Uganda, Libya and Syria. As per the TEPC, Nepal specifically exported cotton, readymade garments, handicrafts, leather product, coffee and dairy products to these countries. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5178', 'image' => '20170222012248_TRADE.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5380', 'article_category_id' => '1', 'title' => 'Simrik Air Special Flight Package to Gosaikunda on Shivaratri ', 'sub_title' => '', 'summary' => 'February 22: Simrik Air is making flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is making flight from Surya Chaur of Nuwakot to Gosaikunda which will take around 15 minutes of time for up and down totaling to 30 minutes of tim', 'content' => '<p style="text-align:justify">February 22: Simrik Air is operating flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is operating flight from Surya Chaur of Nuwakot to Gosaikunda which will take 30 minutes of time for up and down. Pilgrims are provided with 30 to 40 minutes of time to worship and to take holy bath.</p> <p style="text-align:justify">Similarly, pilgrims are provided with free transportation service to reach the Surya Chaur from Hattigauda. “The package cost Rs 15,000 which includes free lunch,” states the press release. According to the company, the offer is valid for 24 and 25 February. The company is providing minor health check-up facility for pilgrims who are taking flights to Gosaikunda via Simrik Air. “We are planning to make flights on the other parts of the country as per the demand of people," stressed the statement. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5177', 'image' => '20170222115955_simrik air.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5379', 'article_category_id' => '1', 'title' => 'Colors Slashes Price of Elite E15 and E20', 'sub_title' => '', 'summary' => 'February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. ', 'content' => '<p style="text-align: justify;">February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. </p> <p style="text-align: justify;">According to the statement, E15 comes with dragon trail glass that has 6 months warranty as well as 5000 mAh battery that has power bank Support. Similarly, E20 has features of 5.5” HD IPS Screen, 13 MP rear + 8 MP front camera and supports 4G Networks.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5176', 'image' => '20170222114243_colors.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5378', 'article_category_id' => '1', 'title' => 'Mahindra's New Showroom in Charikot', 'sub_title' => '', 'summary' => 'February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program.', 'content' => '<p style="text-align: justify;">February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program. </p> <p style="text-align: justify;">Issuing a press statement, the company informed that the new showroom avails the outstanding services of Mahindra by offering sales, after sales service as well spare parts to the customers of Charikot. "With the entire range of Mahindra Tractors, Pik ups, and the most popular UV series along with other range of services, the new showroom aims to increase the access of its customers to the company and its quality services," reads the statement.<br /> <br /> During the program, Bardan Basnet, Sales Assistant Director of the company highlighted on the added benefit to the customers along with other various economic benefits provided by the opening of the new showroom.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5175', 'image' => '20170222105525_mahindra showroom.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5372', 'article_category_id' => '1', 'title' => 'Mid-term Analysis of Budget: Formulation of Project Bank in the offing', 'sub_title' => '', 'summary' => 'February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and fi', 'content' => '<p style="text-align:justify">February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and figured out tasks that need to be performed in remaining period. The report mentioned essential of building a mechanism under which the three yearly spending structure will be made realistic by making it participatory and the annual budget will be allocated based on the same.</p> <p style="text-align:justify">According to the report, the government will form a project bank in order to manage capital investment and study feasibility of big and medium projects. The report also mentioned of essentiality of managing and selecting the completed projects as per priority. The report stressed on requirement of separate law and mechanism to complete the national prioritised and other important projects in time. The report also mentioned of making project head and officials of related ministries more responsible in implementing the project. The government also views importance in forming a mechanism to increase capacity of constructors and to stimulate or punish the constructors to complete projects in time. The report suggest government to target budget so that to become a middle-income country by 2030. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5174', 'image' => '20170221011604_mof.JPG', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5377', 'article_category_id' => '1', 'title' => '6th National Leather Footwear and Products Expo from February 22', 'sub_title' => '', 'summary' => 'February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised wi', 'content' => '<p style="text-align:justify">February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised with a view to scientifically modernise small and cottage industries of the country so that to enter international market and to make contribution in national economy. The organiser aims to host around 50,000 to 80,000 visitors throughout the fair. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221043436_footwear expo.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5370', 'article_category_id' => '1', 'title' => 'ADB to Increase Support to $1.2 Billion to Nepal in 2017-19: ADB Vice President', 'sub_title' => '', 'summary' => 'February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.', 'content' => '<p style="text-align:justify">February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.</p> <p style="text-align:justify">“ADB stands ready to support Nepal in its aspirations to become a prosperous middle-income country by 2030 while achieving the Sustainable Development Goals,” Zhang said.</p> <p style="text-align:justify">During the meetings, Zhang commended the improved project implementation performance in 2016, achieving $358 million contract award and $201 million disbursement, both highest in ADB’s operational history in Nepal.</p> <p style="text-align:justify">“ADB has allocated $843.8 million for Nepal for 2017-2019. A further $356 million can be made available over the period for projects contributing to regional cooperation and integration and reduction of disaster risks and fragility, provided that Nepal continues to improve its performance of its ongoing projects,” he added.</p> <p style="text-align:justify">The ADB Vice-President will also meet with Nepal’s Prime Minister Pushpa Kamal Dahal, Minister for Water Supply and Sanitation Prem Bahadur Singh, Minister for Energy Janardan Sharma, and Vice-Chairman of the National Planning Commission Min Bahadur Shrestha.</p> <p style="text-align:justify">During the meeting with senior officials, Zhang acknowledged the progress of the Melamchi Water Supply Project and Kathmandu Valley Water Supply Improvement Project that are likely to start delivering Melamchi water in October 2017, and agreed on maximum mutual efforts to complete the project in time.</p> <p style="text-align:justify">In this connection, both sides also agreed on expediting institutional strengthening of the Kathmandu Upatyaka Khanepani Limited (KUKL) including the restructuring of its board and implementation of the roadmap prepared by its management, such as ICT-based automated water distribution and billing, and deployment of middle managers and additional technical staff. </p> <p style="text-align:justify"> Zhang said, “On the basis of the advancement of the KUKL reforms to become customer-oriented water provider, ADB is ready to extend assistance for the second Melamchi project to extend tunnel to the Yangri and Larke Rivers to further augment water supply from the tunnel from 170 million litres per day (MLD) to 510 MLD. This will make possible continuous supply of water to people in Kathmandu Valley, 24 hours a day, 7 days a week.” </p> <p style="text-align:justify">During the meetings, Zhang also renewed ADB’s commitment to support Nepal to prepare long-term socio-economic development vision, strategy, and economic transformation programs towards achieving its goal of becoming a prosperous middle income country by 2030. He also conveyed readiness to support critical regulatory and institutional reforms in the energy sector, and associated investments such as 300 MW Dudhkoshi hydropower project, and the modernization of electricity distribution systems in the Kathmandu Valley. </p> <p style="text-align:justify">During his visit to Nepal, Zhang also participated in the Nepal Infrastructure Summit 2017 organized by the Confederation of Nepalese Industries and the Government of Nepal. He also visited the Tanahu Hydropower Project in Tanahun district, and a dairy plant assisted by an ADB-funded livestock project in Kaski district. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221103714_adb.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5371', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes: Increase in Infrastructural Investment Stressed', 'sub_title' => '', 'summary' => 'February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficien', 'content' => '<p style="text-align:justify">February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficient, thus it stressed on increase in infrastructural investment.</p> <p style="text-align:justify">During the summit, Vice President and Home Minister Bimalendra Nidhi said that the developmental infrastructure is the foundation of the overall prosperity of the country. "Infrastructural development is the vital factor in order to make Nepal a developing economy by 2030. In this regard, adequate development of superior infrastructure is the only option," he said. Stating that the government is exercising in the construction of investment friendly environment for the private sector, he mentioned that the government expects support from the private sector in the construction of national prioritised projects.</p> <p style="text-align:justify">Som Lal Subedi, General Secretary of the government opined that such programs play significant role in achieving national developmental target. He reiterated that the construction of infrastructure is the foremost priority of the government and support from the private sector is crucial. "Presently, less than five per cent of gross domestic product is being spent on infrastructure which needs to be increased to 8-9 per cent to maintain high economic growth," he added.</p> <p style="text-align:justify">Hari Bhakta Sharma, President of CNI said that Nepal lags behind in terms of gross domestic product, international trade and industrial development. "We should carry out necessary steps to build prosperous Nepal in our time. For that, development of infrastructure is invincible," Sharma said.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221114652_nis.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5374', 'article_category_id' => '1', 'title' => 'Choice's 5 Liters Pet Bottle in the Market', 'sub_title' => '', 'summary' => 'February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.', 'content' => '<p style="text-align: justify;">February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.</p> <p style="text-align: justify;">According to Shiva Goyal, Director of the company, the company has availed edible oil in five liters pet bottle in the market. He said, "The company will distribute the product in major cities of the country." Earlier, it was distributing the oil in 1 and 2 liters bottle pack in the market.</p> <p style="text-align: justify;">As per Goyal, the customers can now select their desired pack of edible oil. "The 'Choice' brand of oil is cholesterol free and of high quality," he claimed. The Malaysian company has spread its products in 93 countries across the world. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221025416_choice.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5376', 'article_category_id' => '1', 'title' => 'HBL Itahari Branch in its Own Building', 'sub_title' => '', 'summary' => 'February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.', 'content' => '<p style="text-align:justify">February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221032226_hbl.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5373', 'article_category_id' => '1', 'title' => 'Sipradi's Contractors' Meet', 'sub_title' => '', 'summary' => 'February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.', 'content' => '<p style="text-align: justify;">February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.</p> <p style="text-align: justify;">Issuing a press statement, the company informed that the nationwide dealer representatives and people working in construction sector participated the program. On the occasion, CEO Shrestha expressed his gratitude to all dealers and constructors for their support in selling and promoting the products of Hitachi in the Nepali market. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221022548_sipradi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5375', 'article_category_id' => '1', 'title' => 'Womi Microfinance Expands Workstations', 'sub_title' => '', 'summary' => 'February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. ', 'content' => '<p style="text-align:justify">February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221031831_womi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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 "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5384', 'article_category_id' => '1', 'title' => 'Amendment in Monetary Policy: Relief to Industries; Tightens Trade', 'sub_title' => '', 'summary' => 'February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-de', 'content' => '<p style="text-align: justify;">February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-deposit (CCD) ratio of few banks have exceeded NRB limit due to excess investment in unproductive ratio.</p> <p style="text-align: justify;">On the backdrop of crisis of investable capital and the problems caused by liquidity crisis on bankers and industrial sector, the affected sectors had demanded amendment on monetary policy. NRB, that was reluctant of amendment initially, came up with certain flexible monetary policy tools after studying the problems.</p> <p style="text-align: justify;">The new mechanism provides some degree of relief to banks and industrial sector, however, it has tighten the trade. Citing that the banks have extended excessive loan to unproductive sector, the bank has declined the limit of overdraft loan to minimise the trend. According to NRB, it formed the new mechanism to obstruct the possible contraction in economical activities due to the adverse effect on industrial sector which is the backbone of the economy.</p> <p style="text-align: justify;">NRB, through publishing the mid-yearly monetary policy on February 21, set the limit of overdraft and revolving natured personal loan facility to Rs 7.5 million from Rs 10 million. Earlier, banks and financial institutions (BFIs) were extending loan up to Rs 10 million to one person. The central bank has directed to implement the decision within the end of current FY.</p> <p style="text-align: justify;">Moreover, the published monetary policy has adopted a policy to discourage loan extension in unproductive sector. The bank in order to discourage loan extension in unproductive sector reduced the limit of OD loan. Moreover, the bank has also reduced the loan limit of auto loan. As per the newly published monetary policy, BFIs can now grant loan up to 50 per cent of total value of the auto. Earlier, BFIs were providing auto loan up to 90 per cent of the total value.</p> <p style="text-align: justify;">Similarly, the monetary policy has extended the time for TR loan under which BFIs can provide loans on bills, discounting and other similar natured loans for maximum of 150 days.</p> <p style="text-align: justify;">Likewise, the mid-term monetary policy has given extra time to BFIs to implement loans to deprived community. The bank has extended the time limit to extend 2 per cent deprived community loan by the end of FY 2074/75.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5181', 'image' => '20170222045210_nrb.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5383', 'article_category_id' => '1', 'title' => 'Insurance Companies Record 60% Raise in Net Profit', 'sub_title' => '', 'summary' => 'February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY. The increase in net profit is attributed by the increase in insurance premium of these companies.</p> <p style="text-align: justify;">During the second quarter, the insurance company earning the maximum net profit is United Insurance. It raised its net profit by 228 per cent to Rs 39.2 million in the second quarter. Similarly, Lumbini, NB, Everest, Neco and Sagarmatha Insurance raised their profit by 172, 137, 126, 119 and 103 per cent respectively.</p> <p style="text-align: justify;">As per the amount, Rastriya Beema Company is leading other companies. The company earned Rs 261.6 million net profit by mid-January which is 93.4 per cent more than the corresponding period of the last FY. Likewise, Shikhar Insurance increased its net profit by 78.1 per cent to Rs 180.1 million. Meanwhile, Oriental insurance logged decline in its net profit by 27.3 per cent to Rs 71.3 million.</p> <p style="text-align: justify;">During the first six months of the current FY, the insurance companies has earned Rs 4.95 billion insurance premium. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5180', 'image' => '20170222030828_insurance.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5382', 'article_category_id' => '1', 'title' => 'Don't Stop Banking Investment in Heavy Equipment: FCAN', 'sub_title' => '', 'summary' => 'February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.', 'content' => '<p style="text-align: justify;">February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.</p> <p style="text-align: justify;">The federation showed its disappointment on the NRB decision regarding halting banking investment in luxurious goods. The federation opined that the decision has adverse effect on the construction industry as it will also halt banking investment for heavy equipments. The federation has requested not to stop loan investment on heavy equipments as they are not luxury goods.</p> <p style="text-align: justify;">According to the federation, if the banks stop providing loans for heavy equipments, it will have adverse effect in capital expenditure and economic activities as a whole. The federation has requested the officials of NBA to make initiation for granting loan on heavy equipments. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5179', 'image' => '20170222021400_nba.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5381', 'article_category_id' => '1', 'title' => 'Nepal Logs Trade Surplus with 48 Countries', 'sub_title' => '', 'summary' => 'February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.', 'content' => '<p style="text-align: justify;">February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.</p> <p style="text-align: justify;">Nepal has deficit trade balance with more than 140 countries among 190 trade partner countries. Britain holds the first position with which Nepal has surplus international trade balance. According to the centre, Nepal earned Rs 641.1 million profit from the trade with Britain last FY. During the period, Nepal exported Rs 2.851 billion worth of merchandise and imported Rs 2.21 billion worth of merchandise.</p> <p style="text-align: justify;">Similarly, America is another country with which Nepal has surplus international trade. In the FY 2072/73, Nepal earned Rs 637.7 million profit from the trade with America. During the period, Nepal imported Rs 9.34 billion worth of merchandise and exported Rs 8.70 billion worth of merchandise to America. Nepal has least trade surplus with Western Sahara of Rs 8000, according to the statistics. During the period, Nepal exported merchandise of Rs 8000 and no goods were imported from the country.</p> <p style="text-align: justify;">Nepal recorded foreign trade surplus with countries including Britain, America, Norway, Afghanistan and Iran. Apart from these, Nepal has surplus trade balance with Venezuela, Nigeria, Mali, Portugal, Monaco, Laos, Congo, Tokelau Panama, Rwanda, Guadeloupe, Sudan, Mongolia, Uganda, Libya and Syria. As per the TEPC, Nepal specifically exported cotton, readymade garments, handicrafts, leather product, coffee and dairy products to these countries. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5178', 'image' => '20170222012248_TRADE.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5380', 'article_category_id' => '1', 'title' => 'Simrik Air Special Flight Package to Gosaikunda on Shivaratri ', 'sub_title' => '', 'summary' => 'February 22: Simrik Air is making flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is making flight from Surya Chaur of Nuwakot to Gosaikunda which will take around 15 minutes of time for up and down totaling to 30 minutes of tim', 'content' => '<p style="text-align:justify">February 22: Simrik Air is operating flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is operating flight from Surya Chaur of Nuwakot to Gosaikunda which will take 30 minutes of time for up and down. Pilgrims are provided with 30 to 40 minutes of time to worship and to take holy bath.</p> <p style="text-align:justify">Similarly, pilgrims are provided with free transportation service to reach the Surya Chaur from Hattigauda. “The package cost Rs 15,000 which includes free lunch,” states the press release. According to the company, the offer is valid for 24 and 25 February. The company is providing minor health check-up facility for pilgrims who are taking flights to Gosaikunda via Simrik Air. “We are planning to make flights on the other parts of the country as per the demand of people," stressed the statement. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5177', 'image' => '20170222115955_simrik air.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5379', 'article_category_id' => '1', 'title' => 'Colors Slashes Price of Elite E15 and E20', 'sub_title' => '', 'summary' => 'February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. ', 'content' => '<p style="text-align: justify;">February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. </p> <p style="text-align: justify;">According to the statement, E15 comes with dragon trail glass that has 6 months warranty as well as 5000 mAh battery that has power bank Support. Similarly, E20 has features of 5.5” HD IPS Screen, 13 MP rear + 8 MP front camera and supports 4G Networks.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5176', 'image' => '20170222114243_colors.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5378', 'article_category_id' => '1', 'title' => 'Mahindra's New Showroom in Charikot', 'sub_title' => '', 'summary' => 'February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program.', 'content' => '<p style="text-align: justify;">February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program. </p> <p style="text-align: justify;">Issuing a press statement, the company informed that the new showroom avails the outstanding services of Mahindra by offering sales, after sales service as well spare parts to the customers of Charikot. "With the entire range of Mahindra Tractors, Pik ups, and the most popular UV series along with other range of services, the new showroom aims to increase the access of its customers to the company and its quality services," reads the statement.<br /> <br /> During the program, Bardan Basnet, Sales Assistant Director of the company highlighted on the added benefit to the customers along with other various economic benefits provided by the opening of the new showroom.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5175', 'image' => '20170222105525_mahindra showroom.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5372', 'article_category_id' => '1', 'title' => 'Mid-term Analysis of Budget: Formulation of Project Bank in the offing', 'sub_title' => '', 'summary' => 'February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and fi', 'content' => '<p style="text-align:justify">February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and figured out tasks that need to be performed in remaining period. The report mentioned essential of building a mechanism under which the three yearly spending structure will be made realistic by making it participatory and the annual budget will be allocated based on the same.</p> <p style="text-align:justify">According to the report, the government will form a project bank in order to manage capital investment and study feasibility of big and medium projects. The report also mentioned of essentiality of managing and selecting the completed projects as per priority. The report stressed on requirement of separate law and mechanism to complete the national prioritised and other important projects in time. The report also mentioned of making project head and officials of related ministries more responsible in implementing the project. The government also views importance in forming a mechanism to increase capacity of constructors and to stimulate or punish the constructors to complete projects in time. The report suggest government to target budget so that to become a middle-income country by 2030. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5174', 'image' => '20170221011604_mof.JPG', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5377', 'article_category_id' => '1', 'title' => '6th National Leather Footwear and Products Expo from February 22', 'sub_title' => '', 'summary' => 'February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised wi', 'content' => '<p style="text-align:justify">February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised with a view to scientifically modernise small and cottage industries of the country so that to enter international market and to make contribution in national economy. The organiser aims to host around 50,000 to 80,000 visitors throughout the fair. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221043436_footwear expo.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5370', 'article_category_id' => '1', 'title' => 'ADB to Increase Support to $1.2 Billion to Nepal in 2017-19: ADB Vice President', 'sub_title' => '', 'summary' => 'February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.', 'content' => '<p style="text-align:justify">February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.</p> <p style="text-align:justify">“ADB stands ready to support Nepal in its aspirations to become a prosperous middle-income country by 2030 while achieving the Sustainable Development Goals,” Zhang said.</p> <p style="text-align:justify">During the meetings, Zhang commended the improved project implementation performance in 2016, achieving $358 million contract award and $201 million disbursement, both highest in ADB’s operational history in Nepal.</p> <p style="text-align:justify">“ADB has allocated $843.8 million for Nepal for 2017-2019. A further $356 million can be made available over the period for projects contributing to regional cooperation and integration and reduction of disaster risks and fragility, provided that Nepal continues to improve its performance of its ongoing projects,” he added.</p> <p style="text-align:justify">The ADB Vice-President will also meet with Nepal’s Prime Minister Pushpa Kamal Dahal, Minister for Water Supply and Sanitation Prem Bahadur Singh, Minister for Energy Janardan Sharma, and Vice-Chairman of the National Planning Commission Min Bahadur Shrestha.</p> <p style="text-align:justify">During the meeting with senior officials, Zhang acknowledged the progress of the Melamchi Water Supply Project and Kathmandu Valley Water Supply Improvement Project that are likely to start delivering Melamchi water in October 2017, and agreed on maximum mutual efforts to complete the project in time.</p> <p style="text-align:justify">In this connection, both sides also agreed on expediting institutional strengthening of the Kathmandu Upatyaka Khanepani Limited (KUKL) including the restructuring of its board and implementation of the roadmap prepared by its management, such as ICT-based automated water distribution and billing, and deployment of middle managers and additional technical staff. </p> <p style="text-align:justify"> Zhang said, “On the basis of the advancement of the KUKL reforms to become customer-oriented water provider, ADB is ready to extend assistance for the second Melamchi project to extend tunnel to the Yangri and Larke Rivers to further augment water supply from the tunnel from 170 million litres per day (MLD) to 510 MLD. This will make possible continuous supply of water to people in Kathmandu Valley, 24 hours a day, 7 days a week.” </p> <p style="text-align:justify">During the meetings, Zhang also renewed ADB’s commitment to support Nepal to prepare long-term socio-economic development vision, strategy, and economic transformation programs towards achieving its goal of becoming a prosperous middle income country by 2030. He also conveyed readiness to support critical regulatory and institutional reforms in the energy sector, and associated investments such as 300 MW Dudhkoshi hydropower project, and the modernization of electricity distribution systems in the Kathmandu Valley. </p> <p style="text-align:justify">During his visit to Nepal, Zhang also participated in the Nepal Infrastructure Summit 2017 organized by the Confederation of Nepalese Industries and the Government of Nepal. He also visited the Tanahu Hydropower Project in Tanahun district, and a dairy plant assisted by an ADB-funded livestock project in Kaski district. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221103714_adb.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5371', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes: Increase in Infrastructural Investment Stressed', 'sub_title' => '', 'summary' => 'February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficien', 'content' => '<p style="text-align:justify">February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficient, thus it stressed on increase in infrastructural investment.</p> <p style="text-align:justify">During the summit, Vice President and Home Minister Bimalendra Nidhi said that the developmental infrastructure is the foundation of the overall prosperity of the country. "Infrastructural development is the vital factor in order to make Nepal a developing economy by 2030. In this regard, adequate development of superior infrastructure is the only option," he said. Stating that the government is exercising in the construction of investment friendly environment for the private sector, he mentioned that the government expects support from the private sector in the construction of national prioritised projects.</p> <p style="text-align:justify">Som Lal Subedi, General Secretary of the government opined that such programs play significant role in achieving national developmental target. He reiterated that the construction of infrastructure is the foremost priority of the government and support from the private sector is crucial. "Presently, less than five per cent of gross domestic product is being spent on infrastructure which needs to be increased to 8-9 per cent to maintain high economic growth," he added.</p> <p style="text-align:justify">Hari Bhakta Sharma, President of CNI said that Nepal lags behind in terms of gross domestic product, international trade and industrial development. "We should carry out necessary steps to build prosperous Nepal in our time. For that, development of infrastructure is invincible," Sharma said.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221114652_nis.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5374', 'article_category_id' => '1', 'title' => 'Choice's 5 Liters Pet Bottle in the Market', 'sub_title' => '', 'summary' => 'February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.', 'content' => '<p style="text-align: justify;">February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.</p> <p style="text-align: justify;">According to Shiva Goyal, Director of the company, the company has availed edible oil in five liters pet bottle in the market. He said, "The company will distribute the product in major cities of the country." Earlier, it was distributing the oil in 1 and 2 liters bottle pack in the market.</p> <p style="text-align: justify;">As per Goyal, the customers can now select their desired pack of edible oil. "The 'Choice' brand of oil is cholesterol free and of high quality," he claimed. The Malaysian company has spread its products in 93 countries across the world. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221025416_choice.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5376', 'article_category_id' => '1', 'title' => 'HBL Itahari Branch in its Own Building', 'sub_title' => '', 'summary' => 'February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.', 'content' => '<p style="text-align:justify">February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221032226_hbl.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5373', 'article_category_id' => '1', 'title' => 'Sipradi's Contractors' Meet', 'sub_title' => '', 'summary' => 'February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.', 'content' => '<p style="text-align: justify;">February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.</p> <p style="text-align: justify;">Issuing a press statement, the company informed that the nationwide dealer representatives and people working in construction sector participated the program. On the occasion, CEO Shrestha expressed his gratitude to all dealers and constructors for their support in selling and promoting the products of Hitachi in the Nepali market. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221022548_sipradi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5375', 'article_category_id' => '1', 'title' => 'Womi Microfinance Expands Workstations', 'sub_title' => '', 'summary' => 'February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. ', 'content' => '<p style="text-align:justify">February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221031831_womi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5384', 'article_category_id' => '1', 'title' => 'Amendment in Monetary Policy: Relief to Industries; Tightens Trade', 'sub_title' => '', 'summary' => 'February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-de', 'content' => '<p style="text-align: justify;">February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-deposit (CCD) ratio of few banks have exceeded NRB limit due to excess investment in unproductive ratio.</p> <p style="text-align: justify;">On the backdrop of crisis of investable capital and the problems caused by liquidity crisis on bankers and industrial sector, the affected sectors had demanded amendment on monetary policy. NRB, that was reluctant of amendment initially, came up with certain flexible monetary policy tools after studying the problems.</p> <p style="text-align: justify;">The new mechanism provides some degree of relief to banks and industrial sector, however, it has tighten the trade. Citing that the banks have extended excessive loan to unproductive sector, the bank has declined the limit of overdraft loan to minimise the trend. According to NRB, it formed the new mechanism to obstruct the possible contraction in economical activities due to the adverse effect on industrial sector which is the backbone of the economy.</p> <p style="text-align: justify;">NRB, through publishing the mid-yearly monetary policy on February 21, set the limit of overdraft and revolving natured personal loan facility to Rs 7.5 million from Rs 10 million. Earlier, banks and financial institutions (BFIs) were extending loan up to Rs 10 million to one person. The central bank has directed to implement the decision within the end of current FY.</p> <p style="text-align: justify;">Moreover, the published monetary policy has adopted a policy to discourage loan extension in unproductive sector. The bank in order to discourage loan extension in unproductive sector reduced the limit of OD loan. Moreover, the bank has also reduced the loan limit of auto loan. As per the newly published monetary policy, BFIs can now grant loan up to 50 per cent of total value of the auto. Earlier, BFIs were providing auto loan up to 90 per cent of the total value.</p> <p style="text-align: justify;">Similarly, the monetary policy has extended the time for TR loan under which BFIs can provide loans on bills, discounting and other similar natured loans for maximum of 150 days.</p> <p style="text-align: justify;">Likewise, the mid-term monetary policy has given extra time to BFIs to implement loans to deprived community. The bank has extended the time limit to extend 2 per cent deprived community loan by the end of FY 2074/75.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5181', 'image' => '20170222045210_nrb.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5383', 'article_category_id' => '1', 'title' => 'Insurance Companies Record 60% Raise in Net Profit', 'sub_title' => '', 'summary' => 'February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY. The increase in net profit is attributed by the increase in insurance premium of these companies.</p> <p style="text-align: justify;">During the second quarter, the insurance company earning the maximum net profit is United Insurance. It raised its net profit by 228 per cent to Rs 39.2 million in the second quarter. Similarly, Lumbini, NB, Everest, Neco and Sagarmatha Insurance raised their profit by 172, 137, 126, 119 and 103 per cent respectively.</p> <p style="text-align: justify;">As per the amount, Rastriya Beema Company is leading other companies. The company earned Rs 261.6 million net profit by mid-January which is 93.4 per cent more than the corresponding period of the last FY. Likewise, Shikhar Insurance increased its net profit by 78.1 per cent to Rs 180.1 million. Meanwhile, Oriental insurance logged decline in its net profit by 27.3 per cent to Rs 71.3 million.</p> <p style="text-align: justify;">During the first six months of the current FY, the insurance companies has earned Rs 4.95 billion insurance premium. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5180', 'image' => '20170222030828_insurance.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5382', 'article_category_id' => '1', 'title' => 'Don't Stop Banking Investment in Heavy Equipment: FCAN', 'sub_title' => '', 'summary' => 'February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.', 'content' => '<p style="text-align: justify;">February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.</p> <p style="text-align: justify;">The federation showed its disappointment on the NRB decision regarding halting banking investment in luxurious goods. The federation opined that the decision has adverse effect on the construction industry as it will also halt banking investment for heavy equipments. The federation has requested not to stop loan investment on heavy equipments as they are not luxury goods.</p> <p style="text-align: justify;">According to the federation, if the banks stop providing loans for heavy equipments, it will have adverse effect in capital expenditure and economic activities as a whole. The federation has requested the officials of NBA to make initiation for granting loan on heavy equipments. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5179', 'image' => '20170222021400_nba.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5381', 'article_category_id' => '1', 'title' => 'Nepal Logs Trade Surplus with 48 Countries', 'sub_title' => '', 'summary' => 'February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.', 'content' => '<p style="text-align: justify;">February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.</p> <p style="text-align: justify;">Nepal has deficit trade balance with more than 140 countries among 190 trade partner countries. Britain holds the first position with which Nepal has surplus international trade balance. According to the centre, Nepal earned Rs 641.1 million profit from the trade with Britain last FY. During the period, Nepal exported Rs 2.851 billion worth of merchandise and imported Rs 2.21 billion worth of merchandise.</p> <p style="text-align: justify;">Similarly, America is another country with which Nepal has surplus international trade. In the FY 2072/73, Nepal earned Rs 637.7 million profit from the trade with America. During the period, Nepal imported Rs 9.34 billion worth of merchandise and exported Rs 8.70 billion worth of merchandise to America. Nepal has least trade surplus with Western Sahara of Rs 8000, according to the statistics. During the period, Nepal exported merchandise of Rs 8000 and no goods were imported from the country.</p> <p style="text-align: justify;">Nepal recorded foreign trade surplus with countries including Britain, America, Norway, Afghanistan and Iran. Apart from these, Nepal has surplus trade balance with Venezuela, Nigeria, Mali, Portugal, Monaco, Laos, Congo, Tokelau Panama, Rwanda, Guadeloupe, Sudan, Mongolia, Uganda, Libya and Syria. As per the TEPC, Nepal specifically exported cotton, readymade garments, handicrafts, leather product, coffee and dairy products to these countries. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5178', 'image' => '20170222012248_TRADE.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5380', 'article_category_id' => '1', 'title' => 'Simrik Air Special Flight Package to Gosaikunda on Shivaratri ', 'sub_title' => '', 'summary' => 'February 22: Simrik Air is making flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is making flight from Surya Chaur of Nuwakot to Gosaikunda which will take around 15 minutes of time for up and down totaling to 30 minutes of tim', 'content' => '<p style="text-align:justify">February 22: Simrik Air is operating flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is operating flight from Surya Chaur of Nuwakot to Gosaikunda which will take 30 minutes of time for up and down. Pilgrims are provided with 30 to 40 minutes of time to worship and to take holy bath.</p> <p style="text-align:justify">Similarly, pilgrims are provided with free transportation service to reach the Surya Chaur from Hattigauda. “The package cost Rs 15,000 which includes free lunch,” states the press release. According to the company, the offer is valid for 24 and 25 February. The company is providing minor health check-up facility for pilgrims who are taking flights to Gosaikunda via Simrik Air. “We are planning to make flights on the other parts of the country as per the demand of people," stressed the statement. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5177', 'image' => '20170222115955_simrik air.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5379', 'article_category_id' => '1', 'title' => 'Colors Slashes Price of Elite E15 and E20', 'sub_title' => '', 'summary' => 'February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. ', 'content' => '<p style="text-align: justify;">February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. </p> <p style="text-align: justify;">According to the statement, E15 comes with dragon trail glass that has 6 months warranty as well as 5000 mAh battery that has power bank Support. Similarly, E20 has features of 5.5” HD IPS Screen, 13 MP rear + 8 MP front camera and supports 4G Networks.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5176', 'image' => '20170222114243_colors.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5378', 'article_category_id' => '1', 'title' => 'Mahindra's New Showroom in Charikot', 'sub_title' => '', 'summary' => 'February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program.', 'content' => '<p style="text-align: justify;">February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program. </p> <p style="text-align: justify;">Issuing a press statement, the company informed that the new showroom avails the outstanding services of Mahindra by offering sales, after sales service as well spare parts to the customers of Charikot. "With the entire range of Mahindra Tractors, Pik ups, and the most popular UV series along with other range of services, the new showroom aims to increase the access of its customers to the company and its quality services," reads the statement.<br /> <br /> During the program, Bardan Basnet, Sales Assistant Director of the company highlighted on the added benefit to the customers along with other various economic benefits provided by the opening of the new showroom.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5175', 'image' => '20170222105525_mahindra showroom.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5372', 'article_category_id' => '1', 'title' => 'Mid-term Analysis of Budget: Formulation of Project Bank in the offing', 'sub_title' => '', 'summary' => 'February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and fi', 'content' => '<p style="text-align:justify">February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and figured out tasks that need to be performed in remaining period. The report mentioned essential of building a mechanism under which the three yearly spending structure will be made realistic by making it participatory and the annual budget will be allocated based on the same.</p> <p style="text-align:justify">According to the report, the government will form a project bank in order to manage capital investment and study feasibility of big and medium projects. The report also mentioned of essentiality of managing and selecting the completed projects as per priority. The report stressed on requirement of separate law and mechanism to complete the national prioritised and other important projects in time. The report also mentioned of making project head and officials of related ministries more responsible in implementing the project. The government also views importance in forming a mechanism to increase capacity of constructors and to stimulate or punish the constructors to complete projects in time. The report suggest government to target budget so that to become a middle-income country by 2030. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5174', 'image' => '20170221011604_mof.JPG', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5377', 'article_category_id' => '1', 'title' => '6th National Leather Footwear and Products Expo from February 22', 'sub_title' => '', 'summary' => 'February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised wi', 'content' => '<p style="text-align:justify">February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised with a view to scientifically modernise small and cottage industries of the country so that to enter international market and to make contribution in national economy. The organiser aims to host around 50,000 to 80,000 visitors throughout the fair. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221043436_footwear expo.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5370', 'article_category_id' => '1', 'title' => 'ADB to Increase Support to $1.2 Billion to Nepal in 2017-19: ADB Vice President', 'sub_title' => '', 'summary' => 'February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.', 'content' => '<p style="text-align:justify">February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.</p> <p style="text-align:justify">“ADB stands ready to support Nepal in its aspirations to become a prosperous middle-income country by 2030 while achieving the Sustainable Development Goals,” Zhang said.</p> <p style="text-align:justify">During the meetings, Zhang commended the improved project implementation performance in 2016, achieving $358 million contract award and $201 million disbursement, both highest in ADB’s operational history in Nepal.</p> <p style="text-align:justify">“ADB has allocated $843.8 million for Nepal for 2017-2019. A further $356 million can be made available over the period for projects contributing to regional cooperation and integration and reduction of disaster risks and fragility, provided that Nepal continues to improve its performance of its ongoing projects,” he added.</p> <p style="text-align:justify">The ADB Vice-President will also meet with Nepal’s Prime Minister Pushpa Kamal Dahal, Minister for Water Supply and Sanitation Prem Bahadur Singh, Minister for Energy Janardan Sharma, and Vice-Chairman of the National Planning Commission Min Bahadur Shrestha.</p> <p style="text-align:justify">During the meeting with senior officials, Zhang acknowledged the progress of the Melamchi Water Supply Project and Kathmandu Valley Water Supply Improvement Project that are likely to start delivering Melamchi water in October 2017, and agreed on maximum mutual efforts to complete the project in time.</p> <p style="text-align:justify">In this connection, both sides also agreed on expediting institutional strengthening of the Kathmandu Upatyaka Khanepani Limited (KUKL) including the restructuring of its board and implementation of the roadmap prepared by its management, such as ICT-based automated water distribution and billing, and deployment of middle managers and additional technical staff. </p> <p style="text-align:justify"> Zhang said, “On the basis of the advancement of the KUKL reforms to become customer-oriented water provider, ADB is ready to extend assistance for the second Melamchi project to extend tunnel to the Yangri and Larke Rivers to further augment water supply from the tunnel from 170 million litres per day (MLD) to 510 MLD. This will make possible continuous supply of water to people in Kathmandu Valley, 24 hours a day, 7 days a week.” </p> <p style="text-align:justify">During the meetings, Zhang also renewed ADB’s commitment to support Nepal to prepare long-term socio-economic development vision, strategy, and economic transformation programs towards achieving its goal of becoming a prosperous middle income country by 2030. He also conveyed readiness to support critical regulatory and institutional reforms in the energy sector, and associated investments such as 300 MW Dudhkoshi hydropower project, and the modernization of electricity distribution systems in the Kathmandu Valley. </p> <p style="text-align:justify">During his visit to Nepal, Zhang also participated in the Nepal Infrastructure Summit 2017 organized by the Confederation of Nepalese Industries and the Government of Nepal. He also visited the Tanahu Hydropower Project in Tanahun district, and a dairy plant assisted by an ADB-funded livestock project in Kaski district. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221103714_adb.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5371', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes: Increase in Infrastructural Investment Stressed', 'sub_title' => '', 'summary' => 'February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficien', 'content' => '<p style="text-align:justify">February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficient, thus it stressed on increase in infrastructural investment.</p> <p style="text-align:justify">During the summit, Vice President and Home Minister Bimalendra Nidhi said that the developmental infrastructure is the foundation of the overall prosperity of the country. "Infrastructural development is the vital factor in order to make Nepal a developing economy by 2030. In this regard, adequate development of superior infrastructure is the only option," he said. Stating that the government is exercising in the construction of investment friendly environment for the private sector, he mentioned that the government expects support from the private sector in the construction of national prioritised projects.</p> <p style="text-align:justify">Som Lal Subedi, General Secretary of the government opined that such programs play significant role in achieving national developmental target. He reiterated that the construction of infrastructure is the foremost priority of the government and support from the private sector is crucial. "Presently, less than five per cent of gross domestic product is being spent on infrastructure which needs to be increased to 8-9 per cent to maintain high economic growth," he added.</p> <p style="text-align:justify">Hari Bhakta Sharma, President of CNI said that Nepal lags behind in terms of gross domestic product, international trade and industrial development. "We should carry out necessary steps to build prosperous Nepal in our time. For that, development of infrastructure is invincible," Sharma said.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221114652_nis.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5374', 'article_category_id' => '1', 'title' => 'Choice's 5 Liters Pet Bottle in the Market', 'sub_title' => '', 'summary' => 'February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.', 'content' => '<p style="text-align: justify;">February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.</p> <p style="text-align: justify;">According to Shiva Goyal, Director of the company, the company has availed edible oil in five liters pet bottle in the market. He said, "The company will distribute the product in major cities of the country." Earlier, it was distributing the oil in 1 and 2 liters bottle pack in the market.</p> <p style="text-align: justify;">As per Goyal, the customers can now select their desired pack of edible oil. "The 'Choice' brand of oil is cholesterol free and of high quality," he claimed. The Malaysian company has spread its products in 93 countries across the world. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221025416_choice.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5376', 'article_category_id' => '1', 'title' => 'HBL Itahari Branch in its Own Building', 'sub_title' => '', 'summary' => 'February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.', 'content' => '<p style="text-align:justify">February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221032226_hbl.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5373', 'article_category_id' => '1', 'title' => 'Sipradi's Contractors' Meet', 'sub_title' => '', 'summary' => 'February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.', 'content' => '<p style="text-align: justify;">February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.</p> <p style="text-align: justify;">Issuing a press statement, the company informed that the nationwide dealer representatives and people working in construction sector participated the program. On the occasion, CEO Shrestha expressed his gratitude to all dealers and constructors for their support in selling and promoting the products of Hitachi in the Nepali market. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221022548_sipradi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5375', 'article_category_id' => '1', 'title' => 'Womi Microfinance Expands Workstations', 'sub_title' => '', 'summary' => 'February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. ', 'content' => '<p style="text-align:justify">February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221031831_womi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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 "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5384', 'article_category_id' => '1', 'title' => 'Amendment in Monetary Policy: Relief to Industries; Tightens Trade', 'sub_title' => '', 'summary' => 'February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-de', 'content' => '<p style="text-align: justify;">February 22: Nepal Rastra Bank has attempted to provide relief to the productive sector of the country through the amendment of monetary policy of the current FY. The big industrial projects were in problem due to the abnormal increase in interest rate of loans caused by lack of liquidity in banking system since last few months. Moreover, credit to core capital-cum-deposit (CCD) ratio of few banks have exceeded NRB limit due to excess investment in unproductive ratio.</p> <p style="text-align: justify;">On the backdrop of crisis of investable capital and the problems caused by liquidity crisis on bankers and industrial sector, the affected sectors had demanded amendment on monetary policy. NRB, that was reluctant of amendment initially, came up with certain flexible monetary policy tools after studying the problems.</p> <p style="text-align: justify;">The new mechanism provides some degree of relief to banks and industrial sector, however, it has tighten the trade. Citing that the banks have extended excessive loan to unproductive sector, the bank has declined the limit of overdraft loan to minimise the trend. According to NRB, it formed the new mechanism to obstruct the possible contraction in economical activities due to the adverse effect on industrial sector which is the backbone of the economy.</p> <p style="text-align: justify;">NRB, through publishing the mid-yearly monetary policy on February 21, set the limit of overdraft and revolving natured personal loan facility to Rs 7.5 million from Rs 10 million. Earlier, banks and financial institutions (BFIs) were extending loan up to Rs 10 million to one person. The central bank has directed to implement the decision within the end of current FY.</p> <p style="text-align: justify;">Moreover, the published monetary policy has adopted a policy to discourage loan extension in unproductive sector. The bank in order to discourage loan extension in unproductive sector reduced the limit of OD loan. Moreover, the bank has also reduced the loan limit of auto loan. As per the newly published monetary policy, BFIs can now grant loan up to 50 per cent of total value of the auto. Earlier, BFIs were providing auto loan up to 90 per cent of the total value.</p> <p style="text-align: justify;">Similarly, the monetary policy has extended the time for TR loan under which BFIs can provide loans on bills, discounting and other similar natured loans for maximum of 150 days.</p> <p style="text-align: justify;">Likewise, the mid-term monetary policy has given extra time to BFIs to implement loans to deprived community. The bank has extended the time limit to extend 2 per cent deprived community loan by the end of FY 2074/75.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5181', 'image' => '20170222045210_nrb.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5383', 'article_category_id' => '1', 'title' => 'Insurance Companies Record 60% Raise in Net Profit', 'sub_title' => '', 'summary' => 'February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY.', 'content' => '<p style="text-align: justify;">February 22: In the second quarter of the current FY, the 17 insurance companies have logged 60.12 per cent increase in their net profit. According to the unaudited second quarter financial report of the companies, the net profit of the companies reached Rs 1.28 billion. Such profit was Rs 799.8 million during the corresponding period of the last FY. The increase in net profit is attributed by the increase in insurance premium of these companies.</p> <p style="text-align: justify;">During the second quarter, the insurance company earning the maximum net profit is United Insurance. It raised its net profit by 228 per cent to Rs 39.2 million in the second quarter. Similarly, Lumbini, NB, Everest, Neco and Sagarmatha Insurance raised their profit by 172, 137, 126, 119 and 103 per cent respectively.</p> <p style="text-align: justify;">As per the amount, Rastriya Beema Company is leading other companies. The company earned Rs 261.6 million net profit by mid-January which is 93.4 per cent more than the corresponding period of the last FY. Likewise, Shikhar Insurance increased its net profit by 78.1 per cent to Rs 180.1 million. Meanwhile, Oriental insurance logged decline in its net profit by 27.3 per cent to Rs 71.3 million.</p> <p style="text-align: justify;">During the first six months of the current FY, the insurance companies has earned Rs 4.95 billion insurance premium. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5180', 'image' => '20170222030828_insurance.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5382', 'article_category_id' => '1', 'title' => 'Don't Stop Banking Investment in Heavy Equipment: FCAN', 'sub_title' => '', 'summary' => 'February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.', 'content' => '<p style="text-align: justify;">February 22: The representatives of Federation of Contractor's Association of Nepal (FCAN) have met the officials of Nepal Bankers Association (NBA) on February 21. In the meeting, FCAN members discussed the banking problems faced contractors and solutions of those problems with the bankers.</p> <p style="text-align: justify;">The federation showed its disappointment on the NRB decision regarding halting banking investment in luxurious goods. The federation opined that the decision has adverse effect on the construction industry as it will also halt banking investment for heavy equipments. The federation has requested not to stop loan investment on heavy equipments as they are not luxury goods.</p> <p style="text-align: justify;">According to the federation, if the banks stop providing loans for heavy equipments, it will have adverse effect in capital expenditure and economic activities as a whole. The federation has requested the officials of NBA to make initiation for granting loan on heavy equipments. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5179', 'image' => '20170222021400_nba.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5381', 'article_category_id' => '1', 'title' => 'Nepal Logs Trade Surplus with 48 Countries', 'sub_title' => '', 'summary' => 'February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.', 'content' => '<p style="text-align: justify;">February 22: During the period, when Nepal is having deficit trade balance with most of the countries, it has logged profit in foreign trade with few countries. According to the statistics of Trade and Export Promotion Centre (TEPC), Nepal logged profit with a total of 48 countries in foreign trade during the last FY 2072/73.</p> <p style="text-align: justify;">Nepal has deficit trade balance with more than 140 countries among 190 trade partner countries. Britain holds the first position with which Nepal has surplus international trade balance. According to the centre, Nepal earned Rs 641.1 million profit from the trade with Britain last FY. During the period, Nepal exported Rs 2.851 billion worth of merchandise and imported Rs 2.21 billion worth of merchandise.</p> <p style="text-align: justify;">Similarly, America is another country with which Nepal has surplus international trade. In the FY 2072/73, Nepal earned Rs 637.7 million profit from the trade with America. During the period, Nepal imported Rs 9.34 billion worth of merchandise and exported Rs 8.70 billion worth of merchandise to America. Nepal has least trade surplus with Western Sahara of Rs 8000, according to the statistics. During the period, Nepal exported merchandise of Rs 8000 and no goods were imported from the country.</p> <p style="text-align: justify;">Nepal recorded foreign trade surplus with countries including Britain, America, Norway, Afghanistan and Iran. Apart from these, Nepal has surplus trade balance with Venezuela, Nigeria, Mali, Portugal, Monaco, Laos, Congo, Tokelau Panama, Rwanda, Guadeloupe, Sudan, Mongolia, Uganda, Libya and Syria. As per the TEPC, Nepal specifically exported cotton, readymade garments, handicrafts, leather product, coffee and dairy products to these countries. </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5178', 'image' => '20170222012248_TRADE.JPG', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5380', 'article_category_id' => '1', 'title' => 'Simrik Air Special Flight Package to Gosaikunda on Shivaratri ', 'sub_title' => '', 'summary' => 'February 22: Simrik Air is making flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is making flight from Surya Chaur of Nuwakot to Gosaikunda which will take around 15 minutes of time for up and down totaling to 30 minutes of tim', 'content' => '<p style="text-align:justify">February 22: Simrik Air is operating flight to Gosaikunda by providing special discount on the occasion of upcoming Maha-Shivaratri. Issuing a press statement, the company informed that the Airlines is operating flight from Surya Chaur of Nuwakot to Gosaikunda which will take 30 minutes of time for up and down. Pilgrims are provided with 30 to 40 minutes of time to worship and to take holy bath.</p> <p style="text-align:justify">Similarly, pilgrims are provided with free transportation service to reach the Surya Chaur from Hattigauda. “The package cost Rs 15,000 which includes free lunch,” states the press release. According to the company, the offer is valid for 24 and 25 February. The company is providing minor health check-up facility for pilgrims who are taking flights to Gosaikunda via Simrik Air. “We are planning to make flights on the other parts of the country as per the demand of people," stressed the statement. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5177', 'image' => '20170222115955_simrik air.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5379', 'article_category_id' => '1', 'title' => 'Colors Slashes Price of Elite E15 and E20', 'sub_title' => '', 'summary' => 'February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. ', 'content' => '<p style="text-align: justify;">February 22: Colors Mobile has offered a heavy price drop on their two smart phones Elite E15 and Elite E20. Issuing a press statement, the company informed that the price has been reduced to Rs 10,495 from Rs 12,495 on E15 and Rs 11,995 from Rs 13,995 on E20. </p> <p style="text-align: justify;">According to the statement, E15 comes with dragon trail glass that has 6 months warranty as well as 5000 mAh battery that has power bank Support. Similarly, E20 has features of 5.5” HD IPS Screen, 13 MP rear + 8 MP front camera and supports 4G Networks.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5176', 'image' => '20170222114243_colors.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5378', 'article_category_id' => '1', 'title' => 'Mahindra's New Showroom in Charikot', 'sub_title' => '', 'summary' => 'February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program.', 'content' => '<p style="text-align: justify;">February 22: Agni Group, the authorized distributors of Mahindra vehicles for Nepal, has inaugurated its new showroom, Karki Multimedia Concern at Charikot on February 20. Ashish Joshi, Country Manager for Nepal from Mahindra, India along with Dinesh Basnet, the Vice Chairman of FNCCI, Dolkha inaugurated the showroom amid a program. </p> <p style="text-align: justify;">Issuing a press statement, the company informed that the new showroom avails the outstanding services of Mahindra by offering sales, after sales service as well spare parts to the customers of Charikot. "With the entire range of Mahindra Tractors, Pik ups, and the most popular UV series along with other range of services, the new showroom aims to increase the access of its customers to the company and its quality services," reads the statement.<br /> <br /> During the program, Bardan Basnet, Sales Assistant Director of the company highlighted on the added benefit to the customers along with other various economic benefits provided by the opening of the new showroom.</p> ', 'published' => true, 'created' => '2017-02-22', 'modified' => '2017-02-22', 'keywords' => '', 'description' => '', 'sortorder' => '5175', 'image' => '20170222105525_mahindra showroom.jpg', 'article_date' => '2017-02-22 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5372', 'article_category_id' => '1', 'title' => 'Mid-term Analysis of Budget: Formulation of Project Bank in the offing', 'sub_title' => '', 'summary' => 'February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and fi', 'content' => '<p style="text-align:justify">February 21: The government conducting mid-term analysis of budget has figured out tasks to be completed in remaining period of current FY and challenges that may arise while performing. The mid-term budget report presented by Finance Minister Krishna Bahadur Mahara on February 20 in the Ministry evaluated the tasks that were completed and figured out tasks that need to be performed in remaining period. The report mentioned essential of building a mechanism under which the three yearly spending structure will be made realistic by making it participatory and the annual budget will be allocated based on the same.</p> <p style="text-align:justify">According to the report, the government will form a project bank in order to manage capital investment and study feasibility of big and medium projects. The report also mentioned of essentiality of managing and selecting the completed projects as per priority. The report stressed on requirement of separate law and mechanism to complete the national prioritised and other important projects in time. The report also mentioned of making project head and officials of related ministries more responsible in implementing the project. The government also views importance in forming a mechanism to increase capacity of constructors and to stimulate or punish the constructors to complete projects in time. The report suggest government to target budget so that to become a middle-income country by 2030. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5174', 'image' => '20170221011604_mof.JPG', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5377', 'article_category_id' => '1', 'title' => '6th National Leather Footwear and Products Expo from February 22', 'sub_title' => '', 'summary' => 'February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised wi', 'content' => '<p style="text-align:justify">February 21: The '6th Grand National Leather Footwear and Products exhibition' is being held at Bhrikutimandap, Kathmandu from February 22 to March 2. The exhibition is being organised by Leather Footwear and Goods Manufacturer's Association of Nepal. As per Jivan Nepali, Chairman of the association, the fair is being organised with a view to scientifically modernise small and cottage industries of the country so that to enter international market and to make contribution in national economy. The organiser aims to host around 50,000 to 80,000 visitors throughout the fair. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221043436_footwear expo.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5370', 'article_category_id' => '1', 'title' => 'ADB to Increase Support to $1.2 Billion to Nepal in 2017-19: ADB Vice President', 'sub_title' => '', 'summary' => 'February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.', 'content' => '<p style="text-align:justify">February 21: Asian Development Bank (ADB) is set to grant USD 843.8 million to Nepal in next three years. The bank will provide the support during the year 2017-2019, informed Vice-President of ADB, Wencai Zhang. Zhang is on a 3-day official visit to Nepal. During the visit, he met with Nepal’s Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara, and other senior officials to discuss the overall direction of development partnership between ADB and Nepal.</p> <p style="text-align:justify">“ADB stands ready to support Nepal in its aspirations to become a prosperous middle-income country by 2030 while achieving the Sustainable Development Goals,” Zhang said.</p> <p style="text-align:justify">During the meetings, Zhang commended the improved project implementation performance in 2016, achieving $358 million contract award and $201 million disbursement, both highest in ADB’s operational history in Nepal.</p> <p style="text-align:justify">“ADB has allocated $843.8 million for Nepal for 2017-2019. A further $356 million can be made available over the period for projects contributing to regional cooperation and integration and reduction of disaster risks and fragility, provided that Nepal continues to improve its performance of its ongoing projects,” he added.</p> <p style="text-align:justify">The ADB Vice-President will also meet with Nepal’s Prime Minister Pushpa Kamal Dahal, Minister for Water Supply and Sanitation Prem Bahadur Singh, Minister for Energy Janardan Sharma, and Vice-Chairman of the National Planning Commission Min Bahadur Shrestha.</p> <p style="text-align:justify">During the meeting with senior officials, Zhang acknowledged the progress of the Melamchi Water Supply Project and Kathmandu Valley Water Supply Improvement Project that are likely to start delivering Melamchi water in October 2017, and agreed on maximum mutual efforts to complete the project in time.</p> <p style="text-align:justify">In this connection, both sides also agreed on expediting institutional strengthening of the Kathmandu Upatyaka Khanepani Limited (KUKL) including the restructuring of its board and implementation of the roadmap prepared by its management, such as ICT-based automated water distribution and billing, and deployment of middle managers and additional technical staff. </p> <p style="text-align:justify"> Zhang said, “On the basis of the advancement of the KUKL reforms to become customer-oriented water provider, ADB is ready to extend assistance for the second Melamchi project to extend tunnel to the Yangri and Larke Rivers to further augment water supply from the tunnel from 170 million litres per day (MLD) to 510 MLD. This will make possible continuous supply of water to people in Kathmandu Valley, 24 hours a day, 7 days a week.” </p> <p style="text-align:justify">During the meetings, Zhang also renewed ADB’s commitment to support Nepal to prepare long-term socio-economic development vision, strategy, and economic transformation programs towards achieving its goal of becoming a prosperous middle income country by 2030. He also conveyed readiness to support critical regulatory and institutional reforms in the energy sector, and associated investments such as 300 MW Dudhkoshi hydropower project, and the modernization of electricity distribution systems in the Kathmandu Valley. </p> <p style="text-align:justify">During his visit to Nepal, Zhang also participated in the Nepal Infrastructure Summit 2017 organized by the Confederation of Nepalese Industries and the Government of Nepal. He also visited the Tanahu Hydropower Project in Tanahun district, and a dairy plant assisted by an ADB-funded livestock project in Kaski district. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221103714_adb.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5371', 'article_category_id' => '1', 'title' => 'Nepal Infrastructure Summit Concludes: Increase in Infrastructural Investment Stressed', 'sub_title' => '', 'summary' => 'February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficien', 'content' => '<p style="text-align:justify">February 21: Nepal Infrastructure Summit 2017 has stressed on requirement of building big infrastructure for the economical development of the country. The summit that was organised by Confederation of Nepalese Industries (CNI) concluded on Monday, February 20. The summit interpreted that the current investment of the country in infrastructure is insufficient, thus it stressed on increase in infrastructural investment.</p> <p style="text-align:justify">During the summit, Vice President and Home Minister Bimalendra Nidhi said that the developmental infrastructure is the foundation of the overall prosperity of the country. "Infrastructural development is the vital factor in order to make Nepal a developing economy by 2030. In this regard, adequate development of superior infrastructure is the only option," he said. Stating that the government is exercising in the construction of investment friendly environment for the private sector, he mentioned that the government expects support from the private sector in the construction of national prioritised projects.</p> <p style="text-align:justify">Som Lal Subedi, General Secretary of the government opined that such programs play significant role in achieving national developmental target. He reiterated that the construction of infrastructure is the foremost priority of the government and support from the private sector is crucial. "Presently, less than five per cent of gross domestic product is being spent on infrastructure which needs to be increased to 8-9 per cent to maintain high economic growth," he added.</p> <p style="text-align:justify">Hari Bhakta Sharma, President of CNI said that Nepal lags behind in terms of gross domestic product, international trade and industrial development. "We should carry out necessary steps to build prosperous Nepal in our time. For that, development of infrastructure is invincible," Sharma said.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221114652_nis.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5374', 'article_category_id' => '1', 'title' => 'Choice's 5 Liters Pet Bottle in the Market', 'sub_title' => '', 'summary' => 'February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.', 'content' => '<p style="text-align: justify;">February 21: Able Perfect SDN BHD, a Malaysian edible oil producer company has launched sunflower oil in five liters pet bottle in the Nepali market. Shiva Traders, the authorised importer of the company for Nepal has brought the new product in the domestic market.</p> <p style="text-align: justify;">According to Shiva Goyal, Director of the company, the company has availed edible oil in five liters pet bottle in the market. He said, "The company will distribute the product in major cities of the country." Earlier, it was distributing the oil in 1 and 2 liters bottle pack in the market.</p> <p style="text-align: justify;">As per Goyal, the customers can now select their desired pack of edible oil. "The 'Choice' brand of oil is cholesterol free and of high quality," he claimed. The Malaysian company has spread its products in 93 countries across the world. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5172', 'image' => '20170221025416_choice.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5376', 'article_category_id' => '1', 'title' => 'HBL Itahari Branch in its Own Building', 'sub_title' => '', 'summary' => 'February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.', 'content' => '<p style="text-align:justify">February 21: Himalayan Bank has constructed a new building in Itahari. Manoj Bahadur Shrestha, Chairman of the bank's board of directors inaugurated the newly constructed building amid a program organised February 20. In the program, Ashok Samsher Jabara, CEO of the bank highlighted about the activities of the bank.</p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221032226_hbl.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5373', 'article_category_id' => '1', 'title' => 'Sipradi's Contractors' Meet', 'sub_title' => '', 'summary' => 'February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.', 'content' => '<p style="text-align: justify;">February 21: Sipradi Earthmovers, the authorised distributor of TATA for Nepal organised contractors' meet and interaction program on February 20 in Kathmandu. Rajan Babu Shrestha, CEO of the company inaugurated the program.</p> <p style="text-align: justify;">Issuing a press statement, the company informed that the nationwide dealer representatives and people working in construction sector participated the program. On the occasion, CEO Shrestha expressed his gratitude to all dealers and constructors for their support in selling and promoting the products of Hitachi in the Nepali market. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221022548_sipradi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5375', 'article_category_id' => '1', 'title' => 'Womi Microfinance Expands Workstations', 'sub_title' => '', 'summary' => 'February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. ', 'content' => '<p style="text-align:justify">February 21: Womi Microfinance has obtained an approval to expand its workstations from Nepal Rastra Bank. The company obtained NRB approval to add 17 districts on its current 15 districts totaling 32 districts as its workstations. The company has been providing its financial services through 22 branches across the country. </p> ', 'published' => true, 'created' => '2017-02-21', 'modified' => '2017-02-21', 'keywords' => '', 'description' => '', 'sortorder' => '5171', 'image' => '20170221031831_womi.jpg', 'article_date' => '2017-02-21 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
