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			'id' => '5369',
			'article_category_id' => '1',
			'title' => 'More clarity needed on public-private partnership (PPP)',
			'sub_title' => '',
			'summary' => 'February 20:   Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.',
			'content' => '<p style="text-align: justify;">February 20:&nbsp;&nbsp; Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.</p>

<p style="text-align: justify;">The experts in the Nepal Infrastructure Summit- 2017 that kicked off in the capital on Sunday stressed on PPP-model saying no infrastructure development is possible with only the investment from the state.</p>

<p style="text-align: justify;">The government is at present giving very little public services to the people amidst resource crunch.</p>

<p style="text-align: justify;">CEO of the Nepal Reconstruction Authority (NRA) and former vice chairman of the National Planning Commission (NPC) Govind Pokhrel said the co-work between the private sector and the government is itself public-private partnership and added that sharing of risk and returns will be between the two.</p>

<p style="text-align: justify;">Member of NPC, Hirendra Man Pradhan said government is focused on services but the private sector on profit and that there should be balance between the two sectors. There is no possibility of infrastructure development in the country with the government investment alone, he said, adding that hydropower is the main priority area&nbsp; in Nepal in terms of&nbsp; investment.&nbsp; He stressed on the development of hydropower, irrigation and drinking water sectors in Nepal.</p>

<p style="text-align: justify;">&nbsp;Pokhrel as one of the key speakers of the first session in the conference, urged not to take PPP as commercialization of public services or involvement of private sector in public executive bodies.&nbsp;</p>

<p style="text-align: justify;">He opined, however, that PPP could be adopted in the sectors of transportation, service sectors, drinking water and sanitation.</p>

<p style="text-align: justify;">CEO Pokhrel said there are three kinds of PPP model including operation and management; build-own- operate and transfer (BOOT), and build, own and operate.</p>

<p style="text-align: justify;">&nbsp;Stating that although there were laws on PPP, it could not be fully utilized, he said land acquisition was the biggest problem regarding it. &nbsp;More clarity is needed on what is public-private partnership in the context of Nepal, he added.</p>

<p style="text-align: justify;">Manager of IFC South Asia region Isabel Chatterton said there should be no delay in adoption of PPP model in infrastructure development in Nepal.&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">She stressed on creating security payment mechanism&nbsp;&nbsp; for controlling risks in payments. She also called for opening private sector investment in infrastructure sector while emphasizing on the need of keeping a large number of projects in pipeline so as to encourage private sector investment.</p>

<p style="text-align: justify;">DFID Nepal Chief Gail Marzetti suggested taking the investment issue seriously, whereas, Nepal Mediation Council Chairman Birendra Bahadur Deuja said not a single project could be prepared even if it was talked about for the past 20 years.&nbsp; Research fellow Nihar Nayak while stating that private sector investment in India was above 30 percent, added that Nepal could learn from India in PPP model.</p>

<p style="text-align: justify;">&nbsp;Nepal-India Chamber of Commerce Chairman Surya SJV Rana said issues of land acquisition, local obstruction and forest were full of hassles.</p>

<p style="text-align: justify;">While presiding over the first session, Finance Minister Krishna Bahadur Mahara made commitment to implement PPP model while taking the suggestions positively. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5167',
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			'id' => '5368',
			'article_category_id' => '1',
			'title' => 'Budget in Rs 80.37 bn Surplus',
			'sub_title' => '',
			'summary' => 'February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous  FY. Because of a sl',
			'content' => '<p style="text-align: justify;">February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous &nbsp;FY. Because of a slow pace of government expenditure relative to resource mobilization, the government accumulated budget surplus during the review period.</p>

<p style="text-align: justify;">The budget surplus is not a positive indicator to pace the economy and economical growth through employment generation, said economists. &quot;However, Nepal has been getting surplus budget since long time due to incapable of spending the allocated amount,&quot; said Daya Ram Pandey, Prof of Economic, Tribhuvan University adding &quot;Then how will the economy can achieve desired growth rate.&quot; The statistics clearly shows that the weak capital investment and significantly increased revenue has unbalanced the whole financial system, he opined. He voiced that the economic activities should be significantly and continuously carried out for prosperous economy.&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">On the collection of considerable revenue, the government should increase its spending on projects providing sustainable achievement, Pandey stated.&nbsp; In the review period, the government&#39;s total expenditure increased by 55.7 per cent to Rs 248 billion as per the statistics. The expenditure was Rs 159 billion during the corresponding period of the last FY. The government through the budget of the current FY raised remuneration of government employees and social allowances resulting increase in total expenditure of the government.</p>

<p style="text-align: justify;">However, the capital expenditure of the government could not increase as expected besides announcing the budget one and a half months earlier than the previous year.</p>

<p style="text-align: justify;">The government has spent Rs 248.20 billion from the total allocated budget of Rs 1048.90 billion of the current FY in the review period. In the total spent amount, Rs 196 billion has been spent on current expenditure; Rs 30.97 billion has been spent on capital expenditure and Rs 20.76 billion on financial expenditure. &nbsp;Compare to allocated budget, the current, capital and financial expenditure is of 31.83, 9.93 and 17.33 per cent respectively.&nbsp;</p>
',
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			'created' => '2017-02-20',
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			'description' => '',
			'sortorder' => '5166',
			'image' => '20170220035038_surplus.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5365',
			'article_category_id' => '1',
			'title' => 'Banking system in 'Credit Crunch' not in 'Liquidity Crunch'',
			'sub_title' => '',
			'summary' => 'February 20: The financial market of the country is facing 'credit crunch' not 'liquidity crunch' as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.',
			'content' => '<p>February 20: The financial market of the country is facing &#39;credit crunch&#39; not &#39;liquidity crunch&#39; as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.</p>

<p>As per them, the current condition is of BFIs being unable of extending their loans, however the BFIs still have 20 per cent liquidity remained after 80 per cent credit to core capital-cum-deposit (CCD) ratio, they claimed.</p>

<p>Economists and Former Director of Nepal Rastra Bank (NRB) Prof Dr Bishamber Pyakurel suspecting that the NRB is preparing to decline CRR, requested to decline such idea. According to him, the BFIs should control loan extension in present scenario.</p>

<p>The economists concluded that if the current speed of loan extension continues, the national foreign currency reserve may suffer. &quot;The current scenario has arrived with the decline of capital expenditure and the rigidity of BFIs of earning regular profits,&quot; he said.</p>

<p>According to him, apart from diffused and fragile inspection of NRB, lack of co-ordination between Nepal Planning Commission that approves projects, bodies that prepare annual budget and higher commissions leading political power are all responsible for current circumstance.</p>

<p>Moreover, the NRB directive of increasing paid-up capital of all BFIs also play significant role in the arrival of current condition. When BFIs floated further public offerings and right shares to increase their paid-up capital, investors started investing in these tools through margin lending. As a result, a big portion of bank loan able amount went to unproductive sector which is a notable reason of the current crisis, the economists concluded. Similarly, previously the commercial banks used to provide minimal interest to savings but high interest to institutional deposits. Due to which general investors got attracted to other financial institutions. Now that the commercial banks are gradually increasing the deposit interest rate, improvement in the current scenario is expected, they opined.</p>

<p>As per the NRB statistics by mid-January, the CCD ratio of BFIs has reached 15 per cent which is under the limit of 20 per cent set by the central bank. However, as per the statistics of Nepal Bankers Association, the BFIs have extended Rs 1611 billion loan of the Rs 1595 billion limit that shows exceeding the loan limit. Thus, the NRB is already late on inspection, the economists pointed out.</p>

<p>In order to improve the current credit crunch, the government should also increase the capital expenditure, they exclaimed. The government has spent only 16 percent of capital expenditure in the seven months of the current FY. If the government do not take immediate step to increase the capital expenditure, the whole economy may tear apart, they lamented.&nbsp;</p>
',
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		'Article' => array(
			'id' => '5366',
			'article_category_id' => '1',
			'title' => 'Nepal Agri Tech 2017 Concludes',
			'sub_title' => '',
			'summary' => 'February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. ',
			'content' => '<p style="text-align:justify">February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. &nbsp;</p>

<p style="text-align:justify">According to the organiser, the expo was participated by more than 200 companies from 16 countries with a view to develop Nepal&#39;s agricultural sector by using modern technology and introducing services to all stakeholders. The fair was participated by countries such as India, Malaysia, China, Thailand, Bangladesh and European countries as well. There was a significant participation of the visitors in the event showcasing various technologies regarding agricultural tools and usage, modern farming methods, dairy, fisheries, poultry and animal husbandry, informs the organiser.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5164',
			'image' => '20170220124736_agro tech.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5367',
			'article_category_id' => '1',
			'title' => 'Jagadamba Ultra Premium OPC Available in New Label',
			'sub_title' => '',
			'summary' => 'February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement  which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.',
			'content' => '<p style="text-align:justify">February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement &nbsp;which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.</p>

<p style="text-align:justify">Similarly, the company selected Bhusan Dahal as brand ambassador for the promotional activities, reads the statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5164',
			'image' => '20170220020017_jagadamba.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5364',
			'article_category_id' => '1',
			'title' => 'Yeti Development Bank Enters NCHL-IPS',
			'sub_title' => '',
			'summary' => 'February 20:  Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.',
			'content' => '<p style="text-align: justify;">February 20: &nbsp;Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.&nbsp;</p>

<p style="text-align: justify;"><br />
Customers can withdraw and make payments from any account of the banks and financial institutions under the NCHL-IPS system. Under the service, customers can make payments of cash, dividends, IPO refund, bills, insurance premium, social welfare allowance, pension/salary, remittance and all other types of payments.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5163',
			'image' => '20170220104719_yeti.jpg',
			'article_date' => '2017-02-20 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '5362',
			'article_category_id' => '1',
			'title' => 'Nepal Infrastructure Summit- 2017 Starting Today',
			'sub_title' => '',
			'summary' => 'February 19: ‘The Infrastructure Summit- 2017’ organised by the Confederation of Nepalese Industries (CNI) is starting today.',
			'content' => '<p style="text-align: justify;">February 19: &lsquo;The Infrastructure Summit- 2017&rsquo; organised by the Confederation of Nepalese Industries (CNI) is starting today.</p>

<p style="text-align: justify;">The Summit is organized with an objective of helping in the economic development of the country by attracting huge investments from the private sector, strengthening regional connection and partnership by realizing the rationale of investment in infrastructure sector.</p>

<p style="text-align: justify;">Prime Minister Pushpa Kamal Dahal is inaugurating the two-day Summit starting Sunday. The summit which is jointly organized by the Government of Nepal and the Youth Community for Nepalese Contractors (YCNC) is focusing on private sector for indispensable partnership.</p>

<p style="text-align: justify;">Similarly, more than 30 experts from industry sector, ministers from the government, policy makers and development partners will be participating in the programme. According to the organizers, former PM Baburam Bhattarai, former finance ministers and ministers of Nepal, Asian Development Bank (ADB), Department for International Development (DFID) (UK), International Finance Corporation (IFC), officials from diplomatic missions and representatives will also be participating in the programme.</p>

<p style="text-align: justify;">Indian Railway Minister Suresh Prabhakar Prabhu has also arrived here on February 18 to participate in the Summit. Hari Bhakta Sharma, President of CNI informed that the arrival of speakers and participants is continuing.</p>

<p style="text-align: justify;">The Summit will discuss among other things, the possibility of public-private partnership (PPP), successful model of&nbsp; regional and international level of partnership, the state of infrastructure development, essential environment for growth of investment, infrastructure market, value proposition, flexible financial system and green infrastructure.</p>

<p style="text-align: justify;">Likewise, this Summit will also include &lsquo;infrastructure idea hunt&rsquo; as a new subject. People with new ideas in infrastructure development area of the country can present their ideas in the summit. For the purpose, the organizers have already selected 10 ideas in co-work with the Idea Solution.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219030917_nis.jpg',
			'article_date' => '2017-02-19 00:00:00',
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		'Article' => array(
			'id' => '5363',
			'article_category_id' => '1',
			'title' => 'Garima to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara',
			'content' => '<p style="text-align:justify">February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara approved a proposal regarding so.</p>

<p style="text-align:justify">The AGM elected Dilip Pratap Khaan, Dr Ananda Prasad Shrestha, Chandra Kant Baral and Shyam Prasad Bastyal as the board members from promoter shareholders. Similarly, Hari Krishna Shrestha, Keshav Raj Dhakal and BImal Pandey have been elected to BOD from general shareholders. &quot;The BOD meeting held after the AGM elected Dilip Pratap Khaan as the chairman of the BOD,&quot; said Gobinda Prasad Dhakal, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219033055_garima.jpg',
			'article_date' => '2017-02-19 00:00:00',
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		'Article' => array(
			'id' => '5361',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Bank Starts Branch at Tamghas',
			'sub_title' => '',
			'summary' => 'February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank ina',
			'content' => '<p style="text-align: justify;">February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank inaugurated the branch amid a program. The branch network of the bank has reached 35 with the addition.</p>

<p style="text-align: justify;">The bank believed that the new branch will facilitate easy banking services in the local community and address the need of local entrepreneurs.&nbsp;</p>
',
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			'created' => '2017-02-19',
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			'sortorder' => '5161',
			'image' => '20170219030148_siddhartha.jpg',
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		'Article' => array(
			'id' => '5360',
			'article_category_id' => '1',
			'title' => 'RBB Grants Scholarship to Students of Endangered Communities',
			'sub_title' => '',
			'summary' => 'February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was  established to finance higher studies of students from endangered indigenous and nationalities' community amid a program on February 17. The bank granted s',
			'content' => '<p style="text-align: justify;">February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was &nbsp;established to finance higher studies of students from endangered indigenous and nationalities&#39; community amid a program on February 17. The bank granted scholarship of Rs 3500 per month for two years to Dharmaraj Pattharkat (Kushwadia) for his higher secondary studies.</p>

<p style="text-align: justify;">Similarly, Krishna Gopal Haeu, Prabind Raji, Bipul Meche Chaudhary, Menuka Haeu and Rajaram Raji were granted Rs 5000 per month for three years for their bachelor studies, said the press statement issued by the bank. Dr Ramdev Singh, member of Board of Director presented the award to the students. The bank started to grant the scholarship since last year.&nbsp;</p>
',
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			'sortorder' => '5160',
			'image' => '20170219012338_rbb.jpg',
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		'Article' => array(
			'id' => '5359',
			'article_category_id' => '1',
			'title' => 'CG’s Meghauli Serai Jungle Lodge Featured among the Best Hotels in the World',
			'sub_title' => '',
			'summary' => 'February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG's hospitality portfolio arm of CG Hotels & Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel & Leisure (T+L) magazine.   ',
			'content' => '<p style="text-align: justify;">February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG&#39;s hospitality portfolio arm of CG Hotels &amp; Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel &amp; Leisure (T+L) magazine.&nbsp;<br />
&nbsp;<br />
Rahul Chaudhary, Executive Director of Chaudhary Group and MD of CG Hotels and Resorts said &ldquo;We are truly humbled by this amazing recognition which has put Nepal and CG on the global map for providing world-class hospitality experiences.&quot; &nbsp;</p>

<p style="text-align: justify;">Taj Safaris&rsquo; latest lodge has a prime location, so rhino-spotting excursions are relatively effortless. After a few hours astride an elephant, unwind with a private plunge pool, an alfresco massage, and a Tharu meal,&rdquo; the magazine writes about the Meghauli Serai lodge.</p>

<p style="text-align: justify;">Travel &amp; Leisure (T+L) has showcased 44 Hotels and Resorts around the globe in its annual 2017 &lsquo;ItList&rsquo; as the &#39;Best New Hotels&#39;. The 2017 &lsquo;Best Hotels In The World&lsquo; ItList covers 44 hotels &amp; resorts in 31 countries and six continents and Meghauli Serai is one of them.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
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			'description' => '',
			'sortorder' => '5159',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5358',
			'article_category_id' => '1',
			'title' => 'Him Electronics Launches Galanz AC',
			'sub_title' => '',
			'summary' => 'February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning & energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty. ',
			'content' => '<p style="text-align: justify;">February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning &amp; energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5158',
			'image' => '20170219120744_glanz.jpg',
			'article_date' => '2017-02-19 00:00:00',
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			'id' => '5357',
			'article_category_id' => '1',
			'title' => 'Jet Airways' Global Pass ',
			'sub_title' => '',
			'summary' => 'February 19: Jet Airways, India's international airline, has announced the availability of a new pre-paid ‘Jet Global Pass’ that will allow its guests to travel on the airline’s entire network of 66 domestic and international destinations.',
			'content' => '<p style="text-align: justify;">February 19: Jet Airways, India&#39;s international airline, has announced the availability of a new pre-paid &lsquo;Jet Global Pass&rsquo; that will allow its guests to travel on the airline&rsquo;s entire network of 66 domestic and international destinations.</p>

<p style="text-align: justify;"><br />
According to the press statement, issued by the airlines the pre-paid Jet Global Pass &nbsp;available as booklets with sets of four pre-paid coupons each, has been designed and made available for both Economy and Premiere travel at price points of INR 52,673 and INR 119,312 (excluding taxes) respectively. The one-fare Global Pass will be specially advantageous for guests who maintain flexible travel itineraries and for those whose itineraries are firmed up at the last minute, as it will insulate them against higher available bucket fares or peak fares which generally prevail closer to the date of travel. The Jet Global Pass will even aid frequent travelers beat seasonality since the Pass offers tickets in fare classes that hold significant inventory and are therefore mostly available.</p>

<p style="text-align: justify;">&quot;Flyers using the Global Pass need only pay the fares printed on the coupon, independent of any price fluctuations or seasonality. The Pass will offer guests immense flexibility in planning their travel, allowing them to fly any time to any of the airline&rsquo;s direct destinations with valid coupons. Being pre-paid, the coupons in the Pass can also be gifted or transferred to family and friends, further aiding flexibility of travel,&quot; reads the statement.&nbsp;</p>

<p style="text-align: justify;"><br />
To book their tickets, guests can either redeem individual coupons or combinations thereof while travelling to any destinations across the airline&rsquo;s network. The Jet Global Pass is valid for a period of six months from the date of issue and can be currently be bought directly from the airline&rsquo;s offices, airport reservation counters, Contact Centre via IVR or through travel agents. As a special inaugural offer, the airline is offering validity extension for an additional three months at an small, additional charge.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5157',
			'image' => '20170219115816_jet airways.jpg',
			'article_date' => '2017-02-19 00:00:00',
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		'Article' => array(
			'id' => '5356',
			'article_category_id' => '1',
			'title' => 'Kirloskar Rolls out Smart Farm Machine 'Mega T' in Nepal',
			'sub_title' => '',
			'summary' => 'February 19: Kirloskar has launched a smart farm machine 'Mega T' in Nepali market. Issuing a press statement, the company informed of launching its first product 'Mega T' in Nepal after studying the needs & purposes of farmers' across India, Bangladesh and Nepal. The product is especially focused on small & marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.',
			'content' => '<p style="text-align: justify;">February 19: Kirloskar has launched a smart farm machine &#39;Mega T&#39; in Nepali market. Issuing a press statement, the company informed of launching its first product &#39;Mega T&#39; in Nepal after studying the needs &amp; purposes of farmers&#39; across India, Bangladesh and Nepal. The product is especially focused on small &amp; marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.</p>

<p style="text-align: justify;">According to the statement, Mega T is a multi-applications machine that looks like a tiller but works like a tractor where farmers can sit on the machine and operate in the field comfortably in dry land as well as wet land applications. Mega T with a high torque engine provides more power &amp; better back up torque. It has, for the first time in this category of the machine, introduced features like mid PTO (Power Take Off), certified driver seat (In 15HP segment) and disc actuated brakes. The better balancing, safety features, tractor style bonnet and more space for entry &amp; exit facilitates easy working for farmer and he can relax while operating in the field.</p>

<p style="text-align: justify;">&quot;The machine has received several awards in past one years&rsquo; time viz. CII - Industrial Innovation award, AIMA - Breakthrough product innovation award in R &amp; D, Rural Marketing &ndash; Innovative Ideas for Rural Development, India Good Design Award. It has also received the globally renowned Japan Good Design Award 2016, which is a global recognition for good design,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-02-19',
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			'keywords' => '',
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			'sortorder' => '5156',
			'image' => '20170219113932_Mega t.jpg',
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			'id' => '5355',
			'article_category_id' => '1',
			'title' => 'Yamaha Music's showroom in Naxal ',
			'sub_title' => '',
			'summary' => 'February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated ',
			'content' => '<p style="text-align: justify;">February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated by popular musical band 1974AD on February 15.</p>

<p style="text-align: justify;">According to the statement, the new showroom will display the entire line of Yamaha musical instruments, professional audio systems, and audio visual equipment along with musical accessories from renowned international companies such as Konig &amp; Meyer and D&#39;Addario.</p>

<p style="text-align: justify;">&quot;The new showroom is stocked with a variety of world-class musical instruments - from guitars, keyboards, percussion instruments, pianos and drums to amplifiers, live sound, home theatre stations, cinema stations and recording equipments. &nbsp;Yamaha Music showroom will provide musical environment where music enthusiast will get chance to touch, feel and experience the quality music from Yamaha instruments,&quot; reads the statement.</p>
',
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			'image' => '20170219112148_yamaha.jpg',
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	(int) 0 => array(
		'Article' => array(
			'id' => '5369',
			'article_category_id' => '1',
			'title' => 'More clarity needed on public-private partnership (PPP)',
			'sub_title' => '',
			'summary' => 'February 20:   Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.',
			'content' => '<p style="text-align: justify;">February 20:&nbsp;&nbsp; Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.</p>

<p style="text-align: justify;">The experts in the Nepal Infrastructure Summit- 2017 that kicked off in the capital on Sunday stressed on PPP-model saying no infrastructure development is possible with only the investment from the state.</p>

<p style="text-align: justify;">The government is at present giving very little public services to the people amidst resource crunch.</p>

<p style="text-align: justify;">CEO of the Nepal Reconstruction Authority (NRA) and former vice chairman of the National Planning Commission (NPC) Govind Pokhrel said the co-work between the private sector and the government is itself public-private partnership and added that sharing of risk and returns will be between the two.</p>

<p style="text-align: justify;">Member of NPC, Hirendra Man Pradhan said government is focused on services but the private sector on profit and that there should be balance between the two sectors. There is no possibility of infrastructure development in the country with the government investment alone, he said, adding that hydropower is the main priority area&nbsp; in Nepal in terms of&nbsp; investment.&nbsp; He stressed on the development of hydropower, irrigation and drinking water sectors in Nepal.</p>

<p style="text-align: justify;">&nbsp;Pokhrel as one of the key speakers of the first session in the conference, urged not to take PPP as commercialization of public services or involvement of private sector in public executive bodies.&nbsp;</p>

<p style="text-align: justify;">He opined, however, that PPP could be adopted in the sectors of transportation, service sectors, drinking water and sanitation.</p>

<p style="text-align: justify;">CEO Pokhrel said there are three kinds of PPP model including operation and management; build-own- operate and transfer (BOOT), and build, own and operate.</p>

<p style="text-align: justify;">&nbsp;Stating that although there were laws on PPP, it could not be fully utilized, he said land acquisition was the biggest problem regarding it. &nbsp;More clarity is needed on what is public-private partnership in the context of Nepal, he added.</p>

<p style="text-align: justify;">Manager of IFC South Asia region Isabel Chatterton said there should be no delay in adoption of PPP model in infrastructure development in Nepal.&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">She stressed on creating security payment mechanism&nbsp;&nbsp; for controlling risks in payments. She also called for opening private sector investment in infrastructure sector while emphasizing on the need of keeping a large number of projects in pipeline so as to encourage private sector investment.</p>

<p style="text-align: justify;">DFID Nepal Chief Gail Marzetti suggested taking the investment issue seriously, whereas, Nepal Mediation Council Chairman Birendra Bahadur Deuja said not a single project could be prepared even if it was talked about for the past 20 years.&nbsp; Research fellow Nihar Nayak while stating that private sector investment in India was above 30 percent, added that Nepal could learn from India in PPP model.</p>

<p style="text-align: justify;">&nbsp;Nepal-India Chamber of Commerce Chairman Surya SJV Rana said issues of land acquisition, local obstruction and forest were full of hassles.</p>

<p style="text-align: justify;">While presiding over the first session, Finance Minister Krishna Bahadur Mahara made commitment to implement PPP model while taking the suggestions positively. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'description' => '',
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		'Article' => array(
			'id' => '5368',
			'article_category_id' => '1',
			'title' => 'Budget in Rs 80.37 bn Surplus',
			'sub_title' => '',
			'summary' => 'February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous  FY. Because of a sl',
			'content' => '<p style="text-align: justify;">February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous &nbsp;FY. Because of a slow pace of government expenditure relative to resource mobilization, the government accumulated budget surplus during the review period.</p>

<p style="text-align: justify;">The budget surplus is not a positive indicator to pace the economy and economical growth through employment generation, said economists. &quot;However, Nepal has been getting surplus budget since long time due to incapable of spending the allocated amount,&quot; said Daya Ram Pandey, Prof of Economic, Tribhuvan University adding &quot;Then how will the economy can achieve desired growth rate.&quot; The statistics clearly shows that the weak capital investment and significantly increased revenue has unbalanced the whole financial system, he opined. He voiced that the economic activities should be significantly and continuously carried out for prosperous economy.&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">On the collection of considerable revenue, the government should increase its spending on projects providing sustainable achievement, Pandey stated.&nbsp; In the review period, the government&#39;s total expenditure increased by 55.7 per cent to Rs 248 billion as per the statistics. The expenditure was Rs 159 billion during the corresponding period of the last FY. The government through the budget of the current FY raised remuneration of government employees and social allowances resulting increase in total expenditure of the government.</p>

<p style="text-align: justify;">However, the capital expenditure of the government could not increase as expected besides announcing the budget one and a half months earlier than the previous year.</p>

<p style="text-align: justify;">The government has spent Rs 248.20 billion from the total allocated budget of Rs 1048.90 billion of the current FY in the review period. In the total spent amount, Rs 196 billion has been spent on current expenditure; Rs 30.97 billion has been spent on capital expenditure and Rs 20.76 billion on financial expenditure. &nbsp;Compare to allocated budget, the current, capital and financial expenditure is of 31.83, 9.93 and 17.33 per cent respectively.&nbsp;</p>
',
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			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5166',
			'image' => '20170220035038_surplus.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5365',
			'article_category_id' => '1',
			'title' => 'Banking system in 'Credit Crunch' not in 'Liquidity Crunch'',
			'sub_title' => '',
			'summary' => 'February 20: The financial market of the country is facing 'credit crunch' not 'liquidity crunch' as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.',
			'content' => '<p>February 20: The financial market of the country is facing &#39;credit crunch&#39; not &#39;liquidity crunch&#39; as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.</p>

<p>As per them, the current condition is of BFIs being unable of extending their loans, however the BFIs still have 20 per cent liquidity remained after 80 per cent credit to core capital-cum-deposit (CCD) ratio, they claimed.</p>

<p>Economists and Former Director of Nepal Rastra Bank (NRB) Prof Dr Bishamber Pyakurel suspecting that the NRB is preparing to decline CRR, requested to decline such idea. According to him, the BFIs should control loan extension in present scenario.</p>

<p>The economists concluded that if the current speed of loan extension continues, the national foreign currency reserve may suffer. &quot;The current scenario has arrived with the decline of capital expenditure and the rigidity of BFIs of earning regular profits,&quot; he said.</p>

<p>According to him, apart from diffused and fragile inspection of NRB, lack of co-ordination between Nepal Planning Commission that approves projects, bodies that prepare annual budget and higher commissions leading political power are all responsible for current circumstance.</p>

<p>Moreover, the NRB directive of increasing paid-up capital of all BFIs also play significant role in the arrival of current condition. When BFIs floated further public offerings and right shares to increase their paid-up capital, investors started investing in these tools through margin lending. As a result, a big portion of bank loan able amount went to unproductive sector which is a notable reason of the current crisis, the economists concluded. Similarly, previously the commercial banks used to provide minimal interest to savings but high interest to institutional deposits. Due to which general investors got attracted to other financial institutions. Now that the commercial banks are gradually increasing the deposit interest rate, improvement in the current scenario is expected, they opined.</p>

<p>As per the NRB statistics by mid-January, the CCD ratio of BFIs has reached 15 per cent which is under the limit of 20 per cent set by the central bank. However, as per the statistics of Nepal Bankers Association, the BFIs have extended Rs 1611 billion loan of the Rs 1595 billion limit that shows exceeding the loan limit. Thus, the NRB is already late on inspection, the economists pointed out.</p>

<p>In order to improve the current credit crunch, the government should also increase the capital expenditure, they exclaimed. The government has spent only 16 percent of capital expenditure in the seven months of the current FY. If the government do not take immediate step to increase the capital expenditure, the whole economy may tear apart, they lamented.&nbsp;</p>
',
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			'created' => '2017-02-20',
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		'Article' => array(
			'id' => '5366',
			'article_category_id' => '1',
			'title' => 'Nepal Agri Tech 2017 Concludes',
			'sub_title' => '',
			'summary' => 'February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. ',
			'content' => '<p style="text-align:justify">February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. &nbsp;</p>

<p style="text-align:justify">According to the organiser, the expo was participated by more than 200 companies from 16 countries with a view to develop Nepal&#39;s agricultural sector by using modern technology and introducing services to all stakeholders. The fair was participated by countries such as India, Malaysia, China, Thailand, Bangladesh and European countries as well. There was a significant participation of the visitors in the event showcasing various technologies regarding agricultural tools and usage, modern farming methods, dairy, fisheries, poultry and animal husbandry, informs the organiser.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
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			'sortorder' => '5164',
			'image' => '20170220124736_agro tech.jpg',
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			'id' => '5367',
			'article_category_id' => '1',
			'title' => 'Jagadamba Ultra Premium OPC Available in New Label',
			'sub_title' => '',
			'summary' => 'February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement  which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.',
			'content' => '<p style="text-align:justify">February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement &nbsp;which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.</p>

<p style="text-align:justify">Similarly, the company selected Bhusan Dahal as brand ambassador for the promotional activities, reads the statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5164',
			'image' => '20170220020017_jagadamba.jpg',
			'article_date' => '2017-02-20 00:00:00',
			'homepage' => false,
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5364',
			'article_category_id' => '1',
			'title' => 'Yeti Development Bank Enters NCHL-IPS',
			'sub_title' => '',
			'summary' => 'February 20:  Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.',
			'content' => '<p style="text-align: justify;">February 20: &nbsp;Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.&nbsp;</p>

<p style="text-align: justify;"><br />
Customers can withdraw and make payments from any account of the banks and financial institutions under the NCHL-IPS system. Under the service, customers can make payments of cash, dividends, IPO refund, bills, insurance premium, social welfare allowance, pension/salary, remittance and all other types of payments.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5163',
			'image' => '20170220104719_yeti.jpg',
			'article_date' => '2017-02-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5362',
			'article_category_id' => '1',
			'title' => 'Nepal Infrastructure Summit- 2017 Starting Today',
			'sub_title' => '',
			'summary' => 'February 19: ‘The Infrastructure Summit- 2017’ organised by the Confederation of Nepalese Industries (CNI) is starting today.',
			'content' => '<p style="text-align: justify;">February 19: &lsquo;The Infrastructure Summit- 2017&rsquo; organised by the Confederation of Nepalese Industries (CNI) is starting today.</p>

<p style="text-align: justify;">The Summit is organized with an objective of helping in the economic development of the country by attracting huge investments from the private sector, strengthening regional connection and partnership by realizing the rationale of investment in infrastructure sector.</p>

<p style="text-align: justify;">Prime Minister Pushpa Kamal Dahal is inaugurating the two-day Summit starting Sunday. The summit which is jointly organized by the Government of Nepal and the Youth Community for Nepalese Contractors (YCNC) is focusing on private sector for indispensable partnership.</p>

<p style="text-align: justify;">Similarly, more than 30 experts from industry sector, ministers from the government, policy makers and development partners will be participating in the programme. According to the organizers, former PM Baburam Bhattarai, former finance ministers and ministers of Nepal, Asian Development Bank (ADB), Department for International Development (DFID) (UK), International Finance Corporation (IFC), officials from diplomatic missions and representatives will also be participating in the programme.</p>

<p style="text-align: justify;">Indian Railway Minister Suresh Prabhakar Prabhu has also arrived here on February 18 to participate in the Summit. Hari Bhakta Sharma, President of CNI informed that the arrival of speakers and participants is continuing.</p>

<p style="text-align: justify;">The Summit will discuss among other things, the possibility of public-private partnership (PPP), successful model of&nbsp; regional and international level of partnership, the state of infrastructure development, essential environment for growth of investment, infrastructure market, value proposition, flexible financial system and green infrastructure.</p>

<p style="text-align: justify;">Likewise, this Summit will also include &lsquo;infrastructure idea hunt&rsquo; as a new subject. People with new ideas in infrastructure development area of the country can present their ideas in the summit. For the purpose, the organizers have already selected 10 ideas in co-work with the Idea Solution.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219030917_nis.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '5363',
			'article_category_id' => '1',
			'title' => 'Garima to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara',
			'content' => '<p style="text-align:justify">February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara approved a proposal regarding so.</p>

<p style="text-align:justify">The AGM elected Dilip Pratap Khaan, Dr Ananda Prasad Shrestha, Chandra Kant Baral and Shyam Prasad Bastyal as the board members from promoter shareholders. Similarly, Hari Krishna Shrestha, Keshav Raj Dhakal and BImal Pandey have been elected to BOD from general shareholders. &quot;The BOD meeting held after the AGM elected Dilip Pratap Khaan as the chairman of the BOD,&quot; said Gobinda Prasad Dhakal, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219033055_garima.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5361',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Bank Starts Branch at Tamghas',
			'sub_title' => '',
			'summary' => 'February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank ina',
			'content' => '<p style="text-align: justify;">February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank inaugurated the branch amid a program. The branch network of the bank has reached 35 with the addition.</p>

<p style="text-align: justify;">The bank believed that the new branch will facilitate easy banking services in the local community and address the need of local entrepreneurs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5161',
			'image' => '20170219030148_siddhartha.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5360',
			'article_category_id' => '1',
			'title' => 'RBB Grants Scholarship to Students of Endangered Communities',
			'sub_title' => '',
			'summary' => 'February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was  established to finance higher studies of students from endangered indigenous and nationalities' community amid a program on February 17. The bank granted s',
			'content' => '<p style="text-align: justify;">February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was &nbsp;established to finance higher studies of students from endangered indigenous and nationalities&#39; community amid a program on February 17. The bank granted scholarship of Rs 3500 per month for two years to Dharmaraj Pattharkat (Kushwadia) for his higher secondary studies.</p>

<p style="text-align: justify;">Similarly, Krishna Gopal Haeu, Prabind Raji, Bipul Meche Chaudhary, Menuka Haeu and Rajaram Raji were granted Rs 5000 per month for three years for their bachelor studies, said the press statement issued by the bank. Dr Ramdev Singh, member of Board of Director presented the award to the students. The bank started to grant the scholarship since last year.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5160',
			'image' => '20170219012338_rbb.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5359',
			'article_category_id' => '1',
			'title' => 'CG’s Meghauli Serai Jungle Lodge Featured among the Best Hotels in the World',
			'sub_title' => '',
			'summary' => 'February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG's hospitality portfolio arm of CG Hotels & Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel & Leisure (T+L) magazine.   ',
			'content' => '<p style="text-align: justify;">February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG&#39;s hospitality portfolio arm of CG Hotels &amp; Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel &amp; Leisure (T+L) magazine.&nbsp;<br />
&nbsp;<br />
Rahul Chaudhary, Executive Director of Chaudhary Group and MD of CG Hotels and Resorts said &ldquo;We are truly humbled by this amazing recognition which has put Nepal and CG on the global map for providing world-class hospitality experiences.&quot; &nbsp;</p>

<p style="text-align: justify;">Taj Safaris&rsquo; latest lodge has a prime location, so rhino-spotting excursions are relatively effortless. After a few hours astride an elephant, unwind with a private plunge pool, an alfresco massage, and a Tharu meal,&rdquo; the magazine writes about the Meghauli Serai lodge.</p>

<p style="text-align: justify;">Travel &amp; Leisure (T+L) has showcased 44 Hotels and Resorts around the globe in its annual 2017 &lsquo;ItList&rsquo; as the &#39;Best New Hotels&#39;. The 2017 &lsquo;Best Hotels In The World&lsquo; ItList covers 44 hotels &amp; resorts in 31 countries and six continents and Meghauli Serai is one of them.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5159',
			'image' => '20170219124830_cg.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 11 => array(
		'Article' => array(
			'id' => '5358',
			'article_category_id' => '1',
			'title' => 'Him Electronics Launches Galanz AC',
			'sub_title' => '',
			'summary' => 'February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning & energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty. ',
			'content' => '<p style="text-align: justify;">February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning &amp; energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5158',
			'image' => '20170219120744_glanz.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 12 => array(
		'Article' => array(
			'id' => '5357',
			'article_category_id' => '1',
			'title' => 'Jet Airways' Global Pass ',
			'sub_title' => '',
			'summary' => 'February 19: Jet Airways, India's international airline, has announced the availability of a new pre-paid ‘Jet Global Pass’ that will allow its guests to travel on the airline’s entire network of 66 domestic and international destinations.',
			'content' => '<p style="text-align: justify;">February 19: Jet Airways, India&#39;s international airline, has announced the availability of a new pre-paid &lsquo;Jet Global Pass&rsquo; that will allow its guests to travel on the airline&rsquo;s entire network of 66 domestic and international destinations.</p>

<p style="text-align: justify;"><br />
According to the press statement, issued by the airlines the pre-paid Jet Global Pass &nbsp;available as booklets with sets of four pre-paid coupons each, has been designed and made available for both Economy and Premiere travel at price points of INR 52,673 and INR 119,312 (excluding taxes) respectively. The one-fare Global Pass will be specially advantageous for guests who maintain flexible travel itineraries and for those whose itineraries are firmed up at the last minute, as it will insulate them against higher available bucket fares or peak fares which generally prevail closer to the date of travel. The Jet Global Pass will even aid frequent travelers beat seasonality since the Pass offers tickets in fare classes that hold significant inventory and are therefore mostly available.</p>

<p style="text-align: justify;">&quot;Flyers using the Global Pass need only pay the fares printed on the coupon, independent of any price fluctuations or seasonality. The Pass will offer guests immense flexibility in planning their travel, allowing them to fly any time to any of the airline&rsquo;s direct destinations with valid coupons. Being pre-paid, the coupons in the Pass can also be gifted or transferred to family and friends, further aiding flexibility of travel,&quot; reads the statement.&nbsp;</p>

<p style="text-align: justify;"><br />
To book their tickets, guests can either redeem individual coupons or combinations thereof while travelling to any destinations across the airline&rsquo;s network. The Jet Global Pass is valid for a period of six months from the date of issue and can be currently be bought directly from the airline&rsquo;s offices, airport reservation counters, Contact Centre via IVR or through travel agents. As a special inaugural offer, the airline is offering validity extension for an additional three months at an small, additional charge.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5157',
			'image' => '20170219115816_jet airways.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 13 => array(
		'Article' => array(
			'id' => '5356',
			'article_category_id' => '1',
			'title' => 'Kirloskar Rolls out Smart Farm Machine 'Mega T' in Nepal',
			'sub_title' => '',
			'summary' => 'February 19: Kirloskar has launched a smart farm machine 'Mega T' in Nepali market. Issuing a press statement, the company informed of launching its first product 'Mega T' in Nepal after studying the needs & purposes of farmers' across India, Bangladesh and Nepal. The product is especially focused on small & marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.',
			'content' => '<p style="text-align: justify;">February 19: Kirloskar has launched a smart farm machine &#39;Mega T&#39; in Nepali market. Issuing a press statement, the company informed of launching its first product &#39;Mega T&#39; in Nepal after studying the needs &amp; purposes of farmers&#39; across India, Bangladesh and Nepal. The product is especially focused on small &amp; marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.</p>

<p style="text-align: justify;">According to the statement, Mega T is a multi-applications machine that looks like a tiller but works like a tractor where farmers can sit on the machine and operate in the field comfortably in dry land as well as wet land applications. Mega T with a high torque engine provides more power &amp; better back up torque. It has, for the first time in this category of the machine, introduced features like mid PTO (Power Take Off), certified driver seat (In 15HP segment) and disc actuated brakes. The better balancing, safety features, tractor style bonnet and more space for entry &amp; exit facilitates easy working for farmer and he can relax while operating in the field.</p>

<p style="text-align: justify;">&quot;The machine has received several awards in past one years&rsquo; time viz. CII - Industrial Innovation award, AIMA - Breakthrough product innovation award in R &amp; D, Rural Marketing &ndash; Innovative Ideas for Rural Development, India Good Design Award. It has also received the globally renowned Japan Good Design Award 2016, which is a global recognition for good design,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5156',
			'image' => '20170219113932_Mega t.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5355',
			'article_category_id' => '1',
			'title' => 'Yamaha Music's showroom in Naxal ',
			'sub_title' => '',
			'summary' => 'February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated ',
			'content' => '<p style="text-align: justify;">February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated by popular musical band 1974AD on February 15.</p>

<p style="text-align: justify;">According to the statement, the new showroom will display the entire line of Yamaha musical instruments, professional audio systems, and audio visual equipment along with musical accessories from renowned international companies such as Konig &amp; Meyer and D&#39;Addario.</p>

<p style="text-align: justify;">&quot;The new showroom is stocked with a variety of world-class musical instruments - from guitars, keyboards, percussion instruments, pianos and drums to amplifiers, live sound, home theatre stations, cinema stations and recording equipments. &nbsp;Yamaha Music showroom will provide musical environment where music enthusiast will get chance to touch, feel and experience the quality music from Yamaha instruments,&quot; reads the statement.</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5155',
			'image' => '20170219112148_yamaha.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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)
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simplexml_load_file - [internal], line ??
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View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '5369',
			'article_category_id' => '1',
			'title' => 'More clarity needed on public-private partnership (PPP)',
			'sub_title' => '',
			'summary' => 'February 20:   Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.',
			'content' => '<p style="text-align: justify;">February 20:&nbsp;&nbsp; Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.</p>

<p style="text-align: justify;">The experts in the Nepal Infrastructure Summit- 2017 that kicked off in the capital on Sunday stressed on PPP-model saying no infrastructure development is possible with only the investment from the state.</p>

<p style="text-align: justify;">The government is at present giving very little public services to the people amidst resource crunch.</p>

<p style="text-align: justify;">CEO of the Nepal Reconstruction Authority (NRA) and former vice chairman of the National Planning Commission (NPC) Govind Pokhrel said the co-work between the private sector and the government is itself public-private partnership and added that sharing of risk and returns will be between the two.</p>

<p style="text-align: justify;">Member of NPC, Hirendra Man Pradhan said government is focused on services but the private sector on profit and that there should be balance between the two sectors. There is no possibility of infrastructure development in the country with the government investment alone, he said, adding that hydropower is the main priority area&nbsp; in Nepal in terms of&nbsp; investment.&nbsp; He stressed on the development of hydropower, irrigation and drinking water sectors in Nepal.</p>

<p style="text-align: justify;">&nbsp;Pokhrel as one of the key speakers of the first session in the conference, urged not to take PPP as commercialization of public services or involvement of private sector in public executive bodies.&nbsp;</p>

<p style="text-align: justify;">He opined, however, that PPP could be adopted in the sectors of transportation, service sectors, drinking water and sanitation.</p>

<p style="text-align: justify;">CEO Pokhrel said there are three kinds of PPP model including operation and management; build-own- operate and transfer (BOOT), and build, own and operate.</p>

<p style="text-align: justify;">&nbsp;Stating that although there were laws on PPP, it could not be fully utilized, he said land acquisition was the biggest problem regarding it. &nbsp;More clarity is needed on what is public-private partnership in the context of Nepal, he added.</p>

<p style="text-align: justify;">Manager of IFC South Asia region Isabel Chatterton said there should be no delay in adoption of PPP model in infrastructure development in Nepal.&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">She stressed on creating security payment mechanism&nbsp;&nbsp; for controlling risks in payments. She also called for opening private sector investment in infrastructure sector while emphasizing on the need of keeping a large number of projects in pipeline so as to encourage private sector investment.</p>

<p style="text-align: justify;">DFID Nepal Chief Gail Marzetti suggested taking the investment issue seriously, whereas, Nepal Mediation Council Chairman Birendra Bahadur Deuja said not a single project could be prepared even if it was talked about for the past 20 years.&nbsp; Research fellow Nihar Nayak while stating that private sector investment in India was above 30 percent, added that Nepal could learn from India in PPP model.</p>

<p style="text-align: justify;">&nbsp;Nepal-India Chamber of Commerce Chairman Surya SJV Rana said issues of land acquisition, local obstruction and forest were full of hassles.</p>

<p style="text-align: justify;">While presiding over the first session, Finance Minister Krishna Bahadur Mahara made commitment to implement PPP model while taking the suggestions positively. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'description' => '',
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	(int) 1 => array(
		'Article' => array(
			'id' => '5368',
			'article_category_id' => '1',
			'title' => 'Budget in Rs 80.37 bn Surplus',
			'sub_title' => '',
			'summary' => 'February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous  FY. Because of a sl',
			'content' => '<p style="text-align: justify;">February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous &nbsp;FY. Because of a slow pace of government expenditure relative to resource mobilization, the government accumulated budget surplus during the review period.</p>

<p style="text-align: justify;">The budget surplus is not a positive indicator to pace the economy and economical growth through employment generation, said economists. &quot;However, Nepal has been getting surplus budget since long time due to incapable of spending the allocated amount,&quot; said Daya Ram Pandey, Prof of Economic, Tribhuvan University adding &quot;Then how will the economy can achieve desired growth rate.&quot; The statistics clearly shows that the weak capital investment and significantly increased revenue has unbalanced the whole financial system, he opined. He voiced that the economic activities should be significantly and continuously carried out for prosperous economy.&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">On the collection of considerable revenue, the government should increase its spending on projects providing sustainable achievement, Pandey stated.&nbsp; In the review period, the government&#39;s total expenditure increased by 55.7 per cent to Rs 248 billion as per the statistics. The expenditure was Rs 159 billion during the corresponding period of the last FY. The government through the budget of the current FY raised remuneration of government employees and social allowances resulting increase in total expenditure of the government.</p>

<p style="text-align: justify;">However, the capital expenditure of the government could not increase as expected besides announcing the budget one and a half months earlier than the previous year.</p>

<p style="text-align: justify;">The government has spent Rs 248.20 billion from the total allocated budget of Rs 1048.90 billion of the current FY in the review period. In the total spent amount, Rs 196 billion has been spent on current expenditure; Rs 30.97 billion has been spent on capital expenditure and Rs 20.76 billion on financial expenditure. &nbsp;Compare to allocated budget, the current, capital and financial expenditure is of 31.83, 9.93 and 17.33 per cent respectively.&nbsp;</p>
',
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			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5166',
			'image' => '20170220035038_surplus.jpg',
			'article_date' => '2017-02-20 00:00:00',
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	(int) 2 => array(
		'Article' => array(
			'id' => '5365',
			'article_category_id' => '1',
			'title' => 'Banking system in 'Credit Crunch' not in 'Liquidity Crunch'',
			'sub_title' => '',
			'summary' => 'February 20: The financial market of the country is facing 'credit crunch' not 'liquidity crunch' as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.',
			'content' => '<p>February 20: The financial market of the country is facing &#39;credit crunch&#39; not &#39;liquidity crunch&#39; as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.</p>

<p>As per them, the current condition is of BFIs being unable of extending their loans, however the BFIs still have 20 per cent liquidity remained after 80 per cent credit to core capital-cum-deposit (CCD) ratio, they claimed.</p>

<p>Economists and Former Director of Nepal Rastra Bank (NRB) Prof Dr Bishamber Pyakurel suspecting that the NRB is preparing to decline CRR, requested to decline such idea. According to him, the BFIs should control loan extension in present scenario.</p>

<p>The economists concluded that if the current speed of loan extension continues, the national foreign currency reserve may suffer. &quot;The current scenario has arrived with the decline of capital expenditure and the rigidity of BFIs of earning regular profits,&quot; he said.</p>

<p>According to him, apart from diffused and fragile inspection of NRB, lack of co-ordination between Nepal Planning Commission that approves projects, bodies that prepare annual budget and higher commissions leading political power are all responsible for current circumstance.</p>

<p>Moreover, the NRB directive of increasing paid-up capital of all BFIs also play significant role in the arrival of current condition. When BFIs floated further public offerings and right shares to increase their paid-up capital, investors started investing in these tools through margin lending. As a result, a big portion of bank loan able amount went to unproductive sector which is a notable reason of the current crisis, the economists concluded. Similarly, previously the commercial banks used to provide minimal interest to savings but high interest to institutional deposits. Due to which general investors got attracted to other financial institutions. Now that the commercial banks are gradually increasing the deposit interest rate, improvement in the current scenario is expected, they opined.</p>

<p>As per the NRB statistics by mid-January, the CCD ratio of BFIs has reached 15 per cent which is under the limit of 20 per cent set by the central bank. However, as per the statistics of Nepal Bankers Association, the BFIs have extended Rs 1611 billion loan of the Rs 1595 billion limit that shows exceeding the loan limit. Thus, the NRB is already late on inspection, the economists pointed out.</p>

<p>In order to improve the current credit crunch, the government should also increase the capital expenditure, they exclaimed. The government has spent only 16 percent of capital expenditure in the seven months of the current FY. If the government do not take immediate step to increase the capital expenditure, the whole economy may tear apart, they lamented.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
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			'description' => '',
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	(int) 3 => array(
		'Article' => array(
			'id' => '5366',
			'article_category_id' => '1',
			'title' => 'Nepal Agri Tech 2017 Concludes',
			'sub_title' => '',
			'summary' => 'February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. ',
			'content' => '<p style="text-align:justify">February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. &nbsp;</p>

<p style="text-align:justify">According to the organiser, the expo was participated by more than 200 companies from 16 countries with a view to develop Nepal&#39;s agricultural sector by using modern technology and introducing services to all stakeholders. The fair was participated by countries such as India, Malaysia, China, Thailand, Bangladesh and European countries as well. There was a significant participation of the visitors in the event showcasing various technologies regarding agricultural tools and usage, modern farming methods, dairy, fisheries, poultry and animal husbandry, informs the organiser.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5164',
			'image' => '20170220124736_agro tech.jpg',
			'article_date' => '2017-02-20 00:00:00',
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	(int) 4 => array(
		'Article' => array(
			'id' => '5367',
			'article_category_id' => '1',
			'title' => 'Jagadamba Ultra Premium OPC Available in New Label',
			'sub_title' => '',
			'summary' => 'February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement  which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.',
			'content' => '<p style="text-align:justify">February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement &nbsp;which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.</p>

<p style="text-align:justify">Similarly, the company selected Bhusan Dahal as brand ambassador for the promotional activities, reads the statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
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			'created' => '2017-02-20',
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			'sortorder' => '5164',
			'image' => '20170220020017_jagadamba.jpg',
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	(int) 5 => array(
		'Article' => array(
			'id' => '5364',
			'article_category_id' => '1',
			'title' => 'Yeti Development Bank Enters NCHL-IPS',
			'sub_title' => '',
			'summary' => 'February 20:  Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.',
			'content' => '<p style="text-align: justify;">February 20: &nbsp;Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.&nbsp;</p>

<p style="text-align: justify;"><br />
Customers can withdraw and make payments from any account of the banks and financial institutions under the NCHL-IPS system. Under the service, customers can make payments of cash, dividends, IPO refund, bills, insurance premium, social welfare allowance, pension/salary, remittance and all other types of payments.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5163',
			'image' => '20170220104719_yeti.jpg',
			'article_date' => '2017-02-20 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '5362',
			'article_category_id' => '1',
			'title' => 'Nepal Infrastructure Summit- 2017 Starting Today',
			'sub_title' => '',
			'summary' => 'February 19: ‘The Infrastructure Summit- 2017’ organised by the Confederation of Nepalese Industries (CNI) is starting today.',
			'content' => '<p style="text-align: justify;">February 19: &lsquo;The Infrastructure Summit- 2017&rsquo; organised by the Confederation of Nepalese Industries (CNI) is starting today.</p>

<p style="text-align: justify;">The Summit is organized with an objective of helping in the economic development of the country by attracting huge investments from the private sector, strengthening regional connection and partnership by realizing the rationale of investment in infrastructure sector.</p>

<p style="text-align: justify;">Prime Minister Pushpa Kamal Dahal is inaugurating the two-day Summit starting Sunday. The summit which is jointly organized by the Government of Nepal and the Youth Community for Nepalese Contractors (YCNC) is focusing on private sector for indispensable partnership.</p>

<p style="text-align: justify;">Similarly, more than 30 experts from industry sector, ministers from the government, policy makers and development partners will be participating in the programme. According to the organizers, former PM Baburam Bhattarai, former finance ministers and ministers of Nepal, Asian Development Bank (ADB), Department for International Development (DFID) (UK), International Finance Corporation (IFC), officials from diplomatic missions and representatives will also be participating in the programme.</p>

<p style="text-align: justify;">Indian Railway Minister Suresh Prabhakar Prabhu has also arrived here on February 18 to participate in the Summit. Hari Bhakta Sharma, President of CNI informed that the arrival of speakers and participants is continuing.</p>

<p style="text-align: justify;">The Summit will discuss among other things, the possibility of public-private partnership (PPP), successful model of&nbsp; regional and international level of partnership, the state of infrastructure development, essential environment for growth of investment, infrastructure market, value proposition, flexible financial system and green infrastructure.</p>

<p style="text-align: justify;">Likewise, this Summit will also include &lsquo;infrastructure idea hunt&rsquo; as a new subject. People with new ideas in infrastructure development area of the country can present their ideas in the summit. For the purpose, the organizers have already selected 10 ideas in co-work with the Idea Solution.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219030917_nis.jpg',
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	(int) 7 => array(
		'Article' => array(
			'id' => '5363',
			'article_category_id' => '1',
			'title' => 'Garima to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara',
			'content' => '<p style="text-align:justify">February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara approved a proposal regarding so.</p>

<p style="text-align:justify">The AGM elected Dilip Pratap Khaan, Dr Ananda Prasad Shrestha, Chandra Kant Baral and Shyam Prasad Bastyal as the board members from promoter shareholders. Similarly, Hari Krishna Shrestha, Keshav Raj Dhakal and BImal Pandey have been elected to BOD from general shareholders. &quot;The BOD meeting held after the AGM elected Dilip Pratap Khaan as the chairman of the BOD,&quot; said Gobinda Prasad Dhakal, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219033055_garima.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5361',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Bank Starts Branch at Tamghas',
			'sub_title' => '',
			'summary' => 'February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank ina',
			'content' => '<p style="text-align: justify;">February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank inaugurated the branch amid a program. The branch network of the bank has reached 35 with the addition.</p>

<p style="text-align: justify;">The bank believed that the new branch will facilitate easy banking services in the local community and address the need of local entrepreneurs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5161',
			'image' => '20170219030148_siddhartha.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5360',
			'article_category_id' => '1',
			'title' => 'RBB Grants Scholarship to Students of Endangered Communities',
			'sub_title' => '',
			'summary' => 'February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was  established to finance higher studies of students from endangered indigenous and nationalities' community amid a program on February 17. The bank granted s',
			'content' => '<p style="text-align: justify;">February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was &nbsp;established to finance higher studies of students from endangered indigenous and nationalities&#39; community amid a program on February 17. The bank granted scholarship of Rs 3500 per month for two years to Dharmaraj Pattharkat (Kushwadia) for his higher secondary studies.</p>

<p style="text-align: justify;">Similarly, Krishna Gopal Haeu, Prabind Raji, Bipul Meche Chaudhary, Menuka Haeu and Rajaram Raji were granted Rs 5000 per month for three years for their bachelor studies, said the press statement issued by the bank. Dr Ramdev Singh, member of Board of Director presented the award to the students. The bank started to grant the scholarship since last year.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5160',
			'image' => '20170219012338_rbb.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5359',
			'article_category_id' => '1',
			'title' => 'CG’s Meghauli Serai Jungle Lodge Featured among the Best Hotels in the World',
			'sub_title' => '',
			'summary' => 'February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG's hospitality portfolio arm of CG Hotels & Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel & Leisure (T+L) magazine.   ',
			'content' => '<p style="text-align: justify;">February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG&#39;s hospitality portfolio arm of CG Hotels &amp; Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel &amp; Leisure (T+L) magazine.&nbsp;<br />
&nbsp;<br />
Rahul Chaudhary, Executive Director of Chaudhary Group and MD of CG Hotels and Resorts said &ldquo;We are truly humbled by this amazing recognition which has put Nepal and CG on the global map for providing world-class hospitality experiences.&quot; &nbsp;</p>

<p style="text-align: justify;">Taj Safaris&rsquo; latest lodge has a prime location, so rhino-spotting excursions are relatively effortless. After a few hours astride an elephant, unwind with a private plunge pool, an alfresco massage, and a Tharu meal,&rdquo; the magazine writes about the Meghauli Serai lodge.</p>

<p style="text-align: justify;">Travel &amp; Leisure (T+L) has showcased 44 Hotels and Resorts around the globe in its annual 2017 &lsquo;ItList&rsquo; as the &#39;Best New Hotels&#39;. The 2017 &lsquo;Best Hotels In The World&lsquo; ItList covers 44 hotels &amp; resorts in 31 countries and six continents and Meghauli Serai is one of them.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5159',
			'image' => '20170219124830_cg.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '5358',
			'article_category_id' => '1',
			'title' => 'Him Electronics Launches Galanz AC',
			'sub_title' => '',
			'summary' => 'February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning & energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty. ',
			'content' => '<p style="text-align: justify;">February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning &amp; energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5158',
			'image' => '20170219120744_glanz.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5357',
			'article_category_id' => '1',
			'title' => 'Jet Airways' Global Pass ',
			'sub_title' => '',
			'summary' => 'February 19: Jet Airways, India's international airline, has announced the availability of a new pre-paid ‘Jet Global Pass’ that will allow its guests to travel on the airline’s entire network of 66 domestic and international destinations.',
			'content' => '<p style="text-align: justify;">February 19: Jet Airways, India&#39;s international airline, has announced the availability of a new pre-paid &lsquo;Jet Global Pass&rsquo; that will allow its guests to travel on the airline&rsquo;s entire network of 66 domestic and international destinations.</p>

<p style="text-align: justify;"><br />
According to the press statement, issued by the airlines the pre-paid Jet Global Pass &nbsp;available as booklets with sets of four pre-paid coupons each, has been designed and made available for both Economy and Premiere travel at price points of INR 52,673 and INR 119,312 (excluding taxes) respectively. The one-fare Global Pass will be specially advantageous for guests who maintain flexible travel itineraries and for those whose itineraries are firmed up at the last minute, as it will insulate them against higher available bucket fares or peak fares which generally prevail closer to the date of travel. The Jet Global Pass will even aid frequent travelers beat seasonality since the Pass offers tickets in fare classes that hold significant inventory and are therefore mostly available.</p>

<p style="text-align: justify;">&quot;Flyers using the Global Pass need only pay the fares printed on the coupon, independent of any price fluctuations or seasonality. The Pass will offer guests immense flexibility in planning their travel, allowing them to fly any time to any of the airline&rsquo;s direct destinations with valid coupons. Being pre-paid, the coupons in the Pass can also be gifted or transferred to family and friends, further aiding flexibility of travel,&quot; reads the statement.&nbsp;</p>

<p style="text-align: justify;"><br />
To book their tickets, guests can either redeem individual coupons or combinations thereof while travelling to any destinations across the airline&rsquo;s network. The Jet Global Pass is valid for a period of six months from the date of issue and can be currently be bought directly from the airline&rsquo;s offices, airport reservation counters, Contact Centre via IVR or through travel agents. As a special inaugural offer, the airline is offering validity extension for an additional three months at an small, additional charge.&nbsp;</p>

<p>&nbsp;</p>
',
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		'Article' => array(
			'id' => '5356',
			'article_category_id' => '1',
			'title' => 'Kirloskar Rolls out Smart Farm Machine 'Mega T' in Nepal',
			'sub_title' => '',
			'summary' => 'February 19: Kirloskar has launched a smart farm machine 'Mega T' in Nepali market. Issuing a press statement, the company informed of launching its first product 'Mega T' in Nepal after studying the needs & purposes of farmers' across India, Bangladesh and Nepal. The product is especially focused on small & marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.',
			'content' => '<p style="text-align: justify;">February 19: Kirloskar has launched a smart farm machine &#39;Mega T&#39; in Nepali market. Issuing a press statement, the company informed of launching its first product &#39;Mega T&#39; in Nepal after studying the needs &amp; purposes of farmers&#39; across India, Bangladesh and Nepal. The product is especially focused on small &amp; marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.</p>

<p style="text-align: justify;">According to the statement, Mega T is a multi-applications machine that looks like a tiller but works like a tractor where farmers can sit on the machine and operate in the field comfortably in dry land as well as wet land applications. Mega T with a high torque engine provides more power &amp; better back up torque. It has, for the first time in this category of the machine, introduced features like mid PTO (Power Take Off), certified driver seat (In 15HP segment) and disc actuated brakes. The better balancing, safety features, tractor style bonnet and more space for entry &amp; exit facilitates easy working for farmer and he can relax while operating in the field.</p>

<p style="text-align: justify;">&quot;The machine has received several awards in past one years&rsquo; time viz. CII - Industrial Innovation award, AIMA - Breakthrough product innovation award in R &amp; D, Rural Marketing &ndash; Innovative Ideas for Rural Development, India Good Design Award. It has also received the globally renowned Japan Good Design Award 2016, which is a global recognition for good design,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5156',
			'image' => '20170219113932_Mega t.jpg',
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			'id' => '5355',
			'article_category_id' => '1',
			'title' => 'Yamaha Music's showroom in Naxal ',
			'sub_title' => '',
			'summary' => 'February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated ',
			'content' => '<p style="text-align: justify;">February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated by popular musical band 1974AD on February 15.</p>

<p style="text-align: justify;">According to the statement, the new showroom will display the entire line of Yamaha musical instruments, professional audio systems, and audio visual equipment along with musical accessories from renowned international companies such as Konig &amp; Meyer and D&#39;Addario.</p>

<p style="text-align: justify;">&quot;The new showroom is stocked with a variety of world-class musical instruments - from guitars, keyboards, percussion instruments, pianos and drums to amplifiers, live sound, home theatre stations, cinema stations and recording equipments. &nbsp;Yamaha Music showroom will provide musical environment where music enthusiast will get chance to touch, feel and experience the quality music from Yamaha instruments,&quot; reads the statement.</p>
',
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			'image' => '20170219112148_yamaha.jpg',
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	(int) 0 => array(
		'Article' => array(
			'id' => '5369',
			'article_category_id' => '1',
			'title' => 'More clarity needed on public-private partnership (PPP)',
			'sub_title' => '',
			'summary' => 'February 20:   Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.',
			'content' => '<p style="text-align: justify;">February 20:&nbsp;&nbsp; Experts of various sectors have said public-private partnership (PPP) is necessary for infrastructure development in Nepal.</p>

<p style="text-align: justify;">The experts in the Nepal Infrastructure Summit- 2017 that kicked off in the capital on Sunday stressed on PPP-model saying no infrastructure development is possible with only the investment from the state.</p>

<p style="text-align: justify;">The government is at present giving very little public services to the people amidst resource crunch.</p>

<p style="text-align: justify;">CEO of the Nepal Reconstruction Authority (NRA) and former vice chairman of the National Planning Commission (NPC) Govind Pokhrel said the co-work between the private sector and the government is itself public-private partnership and added that sharing of risk and returns will be between the two.</p>

<p style="text-align: justify;">Member of NPC, Hirendra Man Pradhan said government is focused on services but the private sector on profit and that there should be balance between the two sectors. There is no possibility of infrastructure development in the country with the government investment alone, he said, adding that hydropower is the main priority area&nbsp; in Nepal in terms of&nbsp; investment.&nbsp; He stressed on the development of hydropower, irrigation and drinking water sectors in Nepal.</p>

<p style="text-align: justify;">&nbsp;Pokhrel as one of the key speakers of the first session in the conference, urged not to take PPP as commercialization of public services or involvement of private sector in public executive bodies.&nbsp;</p>

<p style="text-align: justify;">He opined, however, that PPP could be adopted in the sectors of transportation, service sectors, drinking water and sanitation.</p>

<p style="text-align: justify;">CEO Pokhrel said there are three kinds of PPP model including operation and management; build-own- operate and transfer (BOOT), and build, own and operate.</p>

<p style="text-align: justify;">&nbsp;Stating that although there were laws on PPP, it could not be fully utilized, he said land acquisition was the biggest problem regarding it. &nbsp;More clarity is needed on what is public-private partnership in the context of Nepal, he added.</p>

<p style="text-align: justify;">Manager of IFC South Asia region Isabel Chatterton said there should be no delay in adoption of PPP model in infrastructure development in Nepal.&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">She stressed on creating security payment mechanism&nbsp;&nbsp; for controlling risks in payments. She also called for opening private sector investment in infrastructure sector while emphasizing on the need of keeping a large number of projects in pipeline so as to encourage private sector investment.</p>

<p style="text-align: justify;">DFID Nepal Chief Gail Marzetti suggested taking the investment issue seriously, whereas, Nepal Mediation Council Chairman Birendra Bahadur Deuja said not a single project could be prepared even if it was talked about for the past 20 years.&nbsp; Research fellow Nihar Nayak while stating that private sector investment in India was above 30 percent, added that Nepal could learn from India in PPP model.</p>

<p style="text-align: justify;">&nbsp;Nepal-India Chamber of Commerce Chairman Surya SJV Rana said issues of land acquisition, local obstruction and forest were full of hassles.</p>

<p style="text-align: justify;">While presiding over the first session, Finance Minister Krishna Bahadur Mahara made commitment to implement PPP model while taking the suggestions positively. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'description' => '',
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			'id' => '5368',
			'article_category_id' => '1',
			'title' => 'Budget in Rs 80.37 bn Surplus',
			'sub_title' => '',
			'summary' => 'February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous  FY. Because of a sl',
			'content' => '<p style="text-align: justify;">February 20: In the first six months of the current FY 2016/17, the Government ran a surplus of Rs 80.37 billion in its budget, as per the current macroeconomic and financial situation of Nepal published by Nepal Rastra Bank on February 17. Such surplus was Rs 28.93 billion in the corresponding period of the previous &nbsp;FY. Because of a slow pace of government expenditure relative to resource mobilization, the government accumulated budget surplus during the review period.</p>

<p style="text-align: justify;">The budget surplus is not a positive indicator to pace the economy and economical growth through employment generation, said economists. &quot;However, Nepal has been getting surplus budget since long time due to incapable of spending the allocated amount,&quot; said Daya Ram Pandey, Prof of Economic, Tribhuvan University adding &quot;Then how will the economy can achieve desired growth rate.&quot; The statistics clearly shows that the weak capital investment and significantly increased revenue has unbalanced the whole financial system, he opined. He voiced that the economic activities should be significantly and continuously carried out for prosperous economy.&nbsp;&nbsp; &nbsp;</p>

<p style="text-align: justify;">On the collection of considerable revenue, the government should increase its spending on projects providing sustainable achievement, Pandey stated.&nbsp; In the review period, the government&#39;s total expenditure increased by 55.7 per cent to Rs 248 billion as per the statistics. The expenditure was Rs 159 billion during the corresponding period of the last FY. The government through the budget of the current FY raised remuneration of government employees and social allowances resulting increase in total expenditure of the government.</p>

<p style="text-align: justify;">However, the capital expenditure of the government could not increase as expected besides announcing the budget one and a half months earlier than the previous year.</p>

<p style="text-align: justify;">The government has spent Rs 248.20 billion from the total allocated budget of Rs 1048.90 billion of the current FY in the review period. In the total spent amount, Rs 196 billion has been spent on current expenditure; Rs 30.97 billion has been spent on capital expenditure and Rs 20.76 billion on financial expenditure. &nbsp;Compare to allocated budget, the current, capital and financial expenditure is of 31.83, 9.93 and 17.33 per cent respectively.&nbsp;</p>
',
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			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5166',
			'image' => '20170220035038_surplus.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5365',
			'article_category_id' => '1',
			'title' => 'Banking system in 'Credit Crunch' not in 'Liquidity Crunch'',
			'sub_title' => '',
			'summary' => 'February 20: The financial market of the country is facing 'credit crunch' not 'liquidity crunch' as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.',
			'content' => '<p>February 20: The financial market of the country is facing &#39;credit crunch&#39; not &#39;liquidity crunch&#39; as rumoured, said economists. Considering the current prevailed credit crunch, cash reserve ratio (CRR) of banks and financial institutions (BFIs) should not be reduced, they opined.</p>

<p>As per them, the current condition is of BFIs being unable of extending their loans, however the BFIs still have 20 per cent liquidity remained after 80 per cent credit to core capital-cum-deposit (CCD) ratio, they claimed.</p>

<p>Economists and Former Director of Nepal Rastra Bank (NRB) Prof Dr Bishamber Pyakurel suspecting that the NRB is preparing to decline CRR, requested to decline such idea. According to him, the BFIs should control loan extension in present scenario.</p>

<p>The economists concluded that if the current speed of loan extension continues, the national foreign currency reserve may suffer. &quot;The current scenario has arrived with the decline of capital expenditure and the rigidity of BFIs of earning regular profits,&quot; he said.</p>

<p>According to him, apart from diffused and fragile inspection of NRB, lack of co-ordination between Nepal Planning Commission that approves projects, bodies that prepare annual budget and higher commissions leading political power are all responsible for current circumstance.</p>

<p>Moreover, the NRB directive of increasing paid-up capital of all BFIs also play significant role in the arrival of current condition. When BFIs floated further public offerings and right shares to increase their paid-up capital, investors started investing in these tools through margin lending. As a result, a big portion of bank loan able amount went to unproductive sector which is a notable reason of the current crisis, the economists concluded. Similarly, previously the commercial banks used to provide minimal interest to savings but high interest to institutional deposits. Due to which general investors got attracted to other financial institutions. Now that the commercial banks are gradually increasing the deposit interest rate, improvement in the current scenario is expected, they opined.</p>

<p>As per the NRB statistics by mid-January, the CCD ratio of BFIs has reached 15 per cent which is under the limit of 20 per cent set by the central bank. However, as per the statistics of Nepal Bankers Association, the BFIs have extended Rs 1611 billion loan of the Rs 1595 billion limit that shows exceeding the loan limit. Thus, the NRB is already late on inspection, the economists pointed out.</p>

<p>In order to improve the current credit crunch, the government should also increase the capital expenditure, they exclaimed. The government has spent only 16 percent of capital expenditure in the seven months of the current FY. If the government do not take immediate step to increase the capital expenditure, the whole economy may tear apart, they lamented.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
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		'Article' => array(
			'id' => '5366',
			'article_category_id' => '1',
			'title' => 'Nepal Agri Tech 2017 Concludes',
			'sub_title' => '',
			'summary' => 'February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. ',
			'content' => '<p style="text-align:justify">February 20: Nepal Agri Tech 2017, organised with a view to develop agricultural sector of Nepal through technological use has been concluded on February 19. The expo was kicked off from February 18 at Bhrikutimandap, Kathmandu. The expo which was jointly organised by Media Space Solution, Futurex India and Agricultue Machinery Manufacturers Association. The expo was co-organised by Ministry of Agriculture Development and Agricultural Engineering Directorate as well. &nbsp;</p>

<p style="text-align:justify">According to the organiser, the expo was participated by more than 200 companies from 16 countries with a view to develop Nepal&#39;s agricultural sector by using modern technology and introducing services to all stakeholders. The fair was participated by countries such as India, Malaysia, China, Thailand, Bangladesh and European countries as well. There was a significant participation of the visitors in the event showcasing various technologies regarding agricultural tools and usage, modern farming methods, dairy, fisheries, poultry and animal husbandry, informs the organiser.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5164',
			'image' => '20170220124736_agro tech.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5367',
			'article_category_id' => '1',
			'title' => 'Jagadamba Ultra Premium OPC Available in New Label',
			'sub_title' => '',
			'summary' => 'February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement  which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.',
			'content' => '<p style="text-align:justify">February 20: Jagadamba OPC Cement is now available with new label in the Nepali market. Issuing a press statement, the company informed that it introduces new logo, packaging trademark and advertisement in a bid to be additional attractive, modern and multidimensional in the market. According to the company, the cement &nbsp;which is being used for important and recognised constructions in Nepal is capable of substituting foreign cement import. The OPC brand has already got signs of quality after fulfilling all criteria.</p>

<p style="text-align:justify">Similarly, the company selected Bhusan Dahal as brand ambassador for the promotional activities, reads the statement.</p>

<p style="text-align:justify">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5164',
			'image' => '20170220020017_jagadamba.jpg',
			'article_date' => '2017-02-20 00:00:00',
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			'id' => '5364',
			'article_category_id' => '1',
			'title' => 'Yeti Development Bank Enters NCHL-IPS',
			'sub_title' => '',
			'summary' => 'February 20:  Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.',
			'content' => '<p style="text-align: justify;">February 20: &nbsp;Yeti Development Bank has signed Interbank Payment System (NCHL-IPS) with Nepal Clearing House Limited (NCHL). As per the agreement carried out on February 19, NCHL will provide NCHL-IPS service for electronic payment system to the bank.&nbsp;</p>

<p style="text-align: justify;"><br />
Customers can withdraw and make payments from any account of the banks and financial institutions under the NCHL-IPS system. Under the service, customers can make payments of cash, dividends, IPO refund, bills, insurance premium, social welfare allowance, pension/salary, remittance and all other types of payments.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-02-20',
			'modified' => '2017-02-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5163',
			'image' => '20170220104719_yeti.jpg',
			'article_date' => '2017-02-20 00:00:00',
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		'Article' => array(
			'id' => '5362',
			'article_category_id' => '1',
			'title' => 'Nepal Infrastructure Summit- 2017 Starting Today',
			'sub_title' => '',
			'summary' => 'February 19: ‘The Infrastructure Summit- 2017’ organised by the Confederation of Nepalese Industries (CNI) is starting today.',
			'content' => '<p style="text-align: justify;">February 19: &lsquo;The Infrastructure Summit- 2017&rsquo; organised by the Confederation of Nepalese Industries (CNI) is starting today.</p>

<p style="text-align: justify;">The Summit is organized with an objective of helping in the economic development of the country by attracting huge investments from the private sector, strengthening regional connection and partnership by realizing the rationale of investment in infrastructure sector.</p>

<p style="text-align: justify;">Prime Minister Pushpa Kamal Dahal is inaugurating the two-day Summit starting Sunday. The summit which is jointly organized by the Government of Nepal and the Youth Community for Nepalese Contractors (YCNC) is focusing on private sector for indispensable partnership.</p>

<p style="text-align: justify;">Similarly, more than 30 experts from industry sector, ministers from the government, policy makers and development partners will be participating in the programme. According to the organizers, former PM Baburam Bhattarai, former finance ministers and ministers of Nepal, Asian Development Bank (ADB), Department for International Development (DFID) (UK), International Finance Corporation (IFC), officials from diplomatic missions and representatives will also be participating in the programme.</p>

<p style="text-align: justify;">Indian Railway Minister Suresh Prabhakar Prabhu has also arrived here on February 18 to participate in the Summit. Hari Bhakta Sharma, President of CNI informed that the arrival of speakers and participants is continuing.</p>

<p style="text-align: justify;">The Summit will discuss among other things, the possibility of public-private partnership (PPP), successful model of&nbsp; regional and international level of partnership, the state of infrastructure development, essential environment for growth of investment, infrastructure market, value proposition, flexible financial system and green infrastructure.</p>

<p style="text-align: justify;">Likewise, this Summit will also include &lsquo;infrastructure idea hunt&rsquo; as a new subject. People with new ideas in infrastructure development area of the country can present their ideas in the summit. For the purpose, the organizers have already selected 10 ideas in co-work with the Idea Solution.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'article_date' => '2017-02-19 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '5363',
			'article_category_id' => '1',
			'title' => 'Garima to Distribute 20% Bonus Share',
			'sub_title' => '',
			'summary' => 'February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara',
			'content' => '<p style="text-align:justify">February 19: Garima Bikash Bank is distributing 20 per cent bonus share to its shareholders. Moreover, the bank is set to float 10:7 right shares of the paid-up capital maintained after distribution of bonus share. The annual general meeting of the bank held on February 17 in Pokhara approved a proposal regarding so.</p>

<p style="text-align:justify">The AGM elected Dilip Pratap Khaan, Dr Ananda Prasad Shrestha, Chandra Kant Baral and Shyam Prasad Bastyal as the board members from promoter shareholders. Similarly, Hari Krishna Shrestha, Keshav Raj Dhakal and BImal Pandey have been elected to BOD from general shareholders. &quot;The BOD meeting held after the AGM elected Dilip Pratap Khaan as the chairman of the BOD,&quot; said Gobinda Prasad Dhakal, CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '5162',
			'image' => '20170219033055_garima.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5361',
			'article_category_id' => '1',
			'title' => 'Siddhartha Development Bank Starts Branch at Tamghas',
			'sub_title' => '',
			'summary' => 'February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank ina',
			'content' => '<p style="text-align: justify;">February 19: Siddhartha Development Bank has started a branch at Tamghas, Gulmi. Issuing a press statement, the bank informed that Ram Bahadur Bhandari, Chairman of the bank inaugurated the branch amid a program. The branch network of the bank has reached 35 with the addition.</p>

<p style="text-align: justify;">The bank believed that the new branch will facilitate easy banking services in the local community and address the need of local entrepreneurs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5161',
			'image' => '20170219030148_siddhartha.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5360',
			'article_category_id' => '1',
			'title' => 'RBB Grants Scholarship to Students of Endangered Communities',
			'sub_title' => '',
			'summary' => 'February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was  established to finance higher studies of students from endangered indigenous and nationalities' community amid a program on February 17. The bank granted s',
			'content' => '<p style="text-align: justify;">February 19: Rastriya Banijya Bank has granted scholarship to six students on the occasion of its golden jubilee. The bank granted Rastriya Banijya Bank golden Jubilee Scholarship that was &nbsp;established to finance higher studies of students from endangered indigenous and nationalities&#39; community amid a program on February 17. The bank granted scholarship of Rs 3500 per month for two years to Dharmaraj Pattharkat (Kushwadia) for his higher secondary studies.</p>

<p style="text-align: justify;">Similarly, Krishna Gopal Haeu, Prabind Raji, Bipul Meche Chaudhary, Menuka Haeu and Rajaram Raji were granted Rs 5000 per month for three years for their bachelor studies, said the press statement issued by the bank. Dr Ramdev Singh, member of Board of Director presented the award to the students. The bank started to grant the scholarship since last year.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5160',
			'image' => '20170219012338_rbb.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5359',
			'article_category_id' => '1',
			'title' => 'CG’s Meghauli Serai Jungle Lodge Featured among the Best Hotels in the World',
			'sub_title' => '',
			'summary' => 'February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG's hospitality portfolio arm of CG Hotels & Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel & Leisure (T+L) magazine.   ',
			'content' => '<p style="text-align: justify;">February 19: Meghauli Serai, a Taj Safaris Lodge and a part of CG&#39;s hospitality portfolio arm of CG Hotels &amp; Resorts has been featured as one of the best new hotels of 2017 by the prestigious Travel &amp; Leisure (T+L) magazine.&nbsp;<br />
&nbsp;<br />
Rahul Chaudhary, Executive Director of Chaudhary Group and MD of CG Hotels and Resorts said &ldquo;We are truly humbled by this amazing recognition which has put Nepal and CG on the global map for providing world-class hospitality experiences.&quot; &nbsp;</p>

<p style="text-align: justify;">Taj Safaris&rsquo; latest lodge has a prime location, so rhino-spotting excursions are relatively effortless. After a few hours astride an elephant, unwind with a private plunge pool, an alfresco massage, and a Tharu meal,&rdquo; the magazine writes about the Meghauli Serai lodge.</p>

<p style="text-align: justify;">Travel &amp; Leisure (T+L) has showcased 44 Hotels and Resorts around the globe in its annual 2017 &lsquo;ItList&rsquo; as the &#39;Best New Hotels&#39;. The 2017 &lsquo;Best Hotels In The World&lsquo; ItList covers 44 hotels &amp; resorts in 31 countries and six continents and Meghauli Serai is one of them.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5159',
			'image' => '20170219124830_cg.jpg',
			'article_date' => '2017-02-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5358',
			'article_category_id' => '1',
			'title' => 'Him Electronics Launches Galanz AC',
			'sub_title' => '',
			'summary' => 'February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning & energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty. ',
			'content' => '<p style="text-align: justify;">February 19: Him electronics, the authorized distributor of Galanz, has launched Galanz AC in Nepal. Issuing a press statement, the company informed of launching Galanz ACs that are more efficient and has super cooling, air cleaning &amp; energy saving features. According to the statement, the Japanese compressor used in Galanz AC uses very less energy and keeps the noise very low. The company launched four models of ACs in the domestic market with 12 months of warranty.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-02-19',
			'modified' => '2017-02-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '5158',
			'image' => '20170219120744_glanz.jpg',
			'article_date' => '2017-02-19 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '5357',
			'article_category_id' => '1',
			'title' => 'Jet Airways' Global Pass ',
			'sub_title' => '',
			'summary' => 'February 19: Jet Airways, India's international airline, has announced the availability of a new pre-paid ‘Jet Global Pass’ that will allow its guests to travel on the airline’s entire network of 66 domestic and international destinations.',
			'content' => '<p style="text-align: justify;">February 19: Jet Airways, India&#39;s international airline, has announced the availability of a new pre-paid &lsquo;Jet Global Pass&rsquo; that will allow its guests to travel on the airline&rsquo;s entire network of 66 domestic and international destinations.</p>

<p style="text-align: justify;"><br />
According to the press statement, issued by the airlines the pre-paid Jet Global Pass &nbsp;available as booklets with sets of four pre-paid coupons each, has been designed and made available for both Economy and Premiere travel at price points of INR 52,673 and INR 119,312 (excluding taxes) respectively. The one-fare Global Pass will be specially advantageous for guests who maintain flexible travel itineraries and for those whose itineraries are firmed up at the last minute, as it will insulate them against higher available bucket fares or peak fares which generally prevail closer to the date of travel. The Jet Global Pass will even aid frequent travelers beat seasonality since the Pass offers tickets in fare classes that hold significant inventory and are therefore mostly available.</p>

<p style="text-align: justify;">&quot;Flyers using the Global Pass need only pay the fares printed on the coupon, independent of any price fluctuations or seasonality. The Pass will offer guests immense flexibility in planning their travel, allowing them to fly any time to any of the airline&rsquo;s direct destinations with valid coupons. Being pre-paid, the coupons in the Pass can also be gifted or transferred to family and friends, further aiding flexibility of travel,&quot; reads the statement.&nbsp;</p>

<p style="text-align: justify;"><br />
To book their tickets, guests can either redeem individual coupons or combinations thereof while travelling to any destinations across the airline&rsquo;s network. The Jet Global Pass is valid for a period of six months from the date of issue and can be currently be bought directly from the airline&rsquo;s offices, airport reservation counters, Contact Centre via IVR or through travel agents. As a special inaugural offer, the airline is offering validity extension for an additional three months at an small, additional charge.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-02-19',
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			'sortorder' => '5157',
			'image' => '20170219115816_jet airways.jpg',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5356',
			'article_category_id' => '1',
			'title' => 'Kirloskar Rolls out Smart Farm Machine 'Mega T' in Nepal',
			'sub_title' => '',
			'summary' => 'February 19: Kirloskar has launched a smart farm machine 'Mega T' in Nepali market. Issuing a press statement, the company informed of launching its first product 'Mega T' in Nepal after studying the needs & purposes of farmers' across India, Bangladesh and Nepal. The product is especially focused on small & marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.',
			'content' => '<p style="text-align: justify;">February 19: Kirloskar has launched a smart farm machine &#39;Mega T&#39; in Nepali market. Issuing a press statement, the company informed of launching its first product &#39;Mega T&#39; in Nepal after studying the needs &amp; purposes of farmers&#39; across India, Bangladesh and Nepal. The product is especially focused on small &amp; marginal farmers who have less than 2.0 ha of land and cannot afford expensive mechanization like tractors.</p>

<p style="text-align: justify;">According to the statement, Mega T is a multi-applications machine that looks like a tiller but works like a tractor where farmers can sit on the machine and operate in the field comfortably in dry land as well as wet land applications. Mega T with a high torque engine provides more power &amp; better back up torque. It has, for the first time in this category of the machine, introduced features like mid PTO (Power Take Off), certified driver seat (In 15HP segment) and disc actuated brakes. The better balancing, safety features, tractor style bonnet and more space for entry &amp; exit facilitates easy working for farmer and he can relax while operating in the field.</p>

<p style="text-align: justify;">&quot;The machine has received several awards in past one years&rsquo; time viz. CII - Industrial Innovation award, AIMA - Breakthrough product innovation award in R &amp; D, Rural Marketing &ndash; Innovative Ideas for Rural Development, India Good Design Award. It has also received the globally renowned Japan Good Design Award 2016, which is a global recognition for good design,&quot; reads the statement.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '5156',
			'image' => '20170219113932_Mega t.jpg',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5355',
			'article_category_id' => '1',
			'title' => 'Yamaha Music's showroom in Naxal ',
			'sub_title' => '',
			'summary' => 'February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated ',
			'content' => '<p style="text-align: justify;">February 19: M.A.W. Music, the authorized distributor of Yamaha Music in Nepal, has opened a showroom of musical instruments and professional audio systems in Naxal, Kathmandu. Issuing a press statement, the company informed that the state-of-the-art retail outlet was inaugurated by popular musical band 1974AD on February 15.</p>

<p style="text-align: justify;">According to the statement, the new showroom will display the entire line of Yamaha musical instruments, professional audio systems, and audio visual equipment along with musical accessories from renowned international companies such as Konig &amp; Meyer and D&#39;Addario.</p>

<p style="text-align: justify;">&quot;The new showroom is stocked with a variety of world-class musical instruments - from guitars, keyboards, percussion instruments, pianos and drums to amplifiers, live sound, home theatre stations, cinema stations and recording equipments. &nbsp;Yamaha Music showroom will provide musical environment where music enthusiast will get chance to touch, feel and experience the quality music from Yamaha instruments,&quot; reads the statement.</p>
',
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			'image' => '20170219112148_yamaha.jpg',
			'article_date' => '2017-02-19 00:00:00',
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