
February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and…
February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and…
February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program.…
February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the…
February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other…
February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on…
February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian…
February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from…
February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15th branch of the bank. "Alpine Bank has been expanding its branches in rural areas…
February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to…
February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility…
February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit…
February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated…
January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February…
January 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January…
January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the…
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The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5273', 'article_category_id' => '1', 'title' => 'Cable TVs to Shut Down If Do Not Go Digital', 'sub_title' => '', 'summary' => 'February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.', 'content' => '<p style="text-align: justify;">February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.</p> <p style="text-align: justify;">The cable TV service providers will not get necessary television signals after the given deadline. The government has amended the National Broadcasting Regulations and has published a notice in this regard in the Nepal Gazette, a month ago.</p> <p style="text-align: justify;">According to Ram Chandra Dhakal, Spokesperson of the Ministry of Information and Communications (MoIC), the cable TV providers which were supposed to go digital by April last year delayed the process due to the earthquake and Terai unrest.</p> <p style="text-align: justify;">“The failure to import necessary equipment on time also obstructed to go for the digital technology,” he informed. “We have given time to cable TV broadcasters of metropolitan and sub-metropolitan cities of Kathmandu till coming mid-May for the purpose.”</p> <p style="text-align: justify;">In the given deadline, the cable operators of Kathmandu Metropolis, and Lalitpur, Biratnagar, Birgunj and Pokhara sub-metropolitan cities should go for digital technology. As per the amended regulation, the digital system will be implemented in the remaining sub-metropolises and municipalities by November 1, 2017 and within the whole country till the end of April, 2018.</p> <p style="text-align: justify;">The government had already stopped giving licenses for operating analog cable TV service since mid-May, 2013 in metropolises and sub-metropolises and within the whole country since mid-May, 2015.</p> <p style="text-align: justify;">Sudhir Parajuli, President of the Nepal Cable Television Association said that they are ready to shift the cable TV into the digital system. “However, there is a need of awareness among the customers as well,” he added.</p> <p style="text-align: justify;">Parajuli claims that most of the cable service providers in Kathmandu valley have already shifted to digital system. “Though we have shifted to digital system, only 25 percent of the customers have installed digital cable till now,” he informed.</p> <p style="text-align: justify;">According to him, if 80 percent of the customers do not go for digital cable before coming mid-May, they will not be able to watch TV channels for a brief period.</p> <p style="text-align: justify;">The government had decided to change from analog to digital system through the sixth amendment of the regulations in 2012.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5074', 'image' => '20170202015258_digital tv.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5272', 'article_category_id' => '1', 'title' => 'Alpine Bank in Bhimphedi', 'sub_title' => '', 'summary' => 'February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15th branch of the bank. "Alpine Bank has been expanding its branches in rural areas and', 'content' => '<p style="text-align: justify;">February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15<sup>th</sup> branch of the bank. "Alpine Bank has been expanding its branches in rural areas and providing banking services to rural people," said Adhikari.</p> <p style="text-align: justify;">Presently, the bank has been providing financial services in Makwanpur, Chitwan and Kavre. "In the branch opening day, 115 people started their bank account and deposited Rs 4.5 million," added Adhikari. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5073', 'image' => '20170202014904_alpine.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5271', 'article_category_id' => '1', 'title' => 'IME Launches New Scheme', 'sub_title' => '', 'summary' => 'February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.', 'content' => '<p style="text-align: justify;">February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.</p> <p style="text-align: justify;">Under the scheme, the customer will be granted a coupon on first remittance transaction. Upon showing the coupon while carrying out second remittance transaction, the customer will be entitled to a free watch. According to the company, the scheme that started on February 1 will last till the end of March. "The scheme is applicable on 1000 dirham above transaction only," said the company. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5072', 'image' => '20170202012121_ime.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5270', 'article_category_id' => '1', 'title' => 'Prabhu Bank Starts BLB services at Four Locations', 'sub_title' => '', 'summary' => 'February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility ', 'content' => '<p style="text-align: justify;">February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility to banking services after the opening of BLB services, said the bank in a press statement. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5071', 'image' => '20170202010112_prabhu.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5269', 'article_category_id' => '1', 'title' => 'NIC Asia's 'Dhanbarsha Fixed Deposit Scheme'', 'sub_title' => '', 'summary' => 'February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme', 'content' => '<p style="text-align: justify;">February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme.</p> <p style="text-align: justify;">The bank is planning to launch similar scheme for institutional customers once the newly launched scheme collects encouraging deposits. The bank clarified that government and government owned institutions, saving and credit co-operative organisations, trust operated by such organisations and public limited companies have been barred from participation in the scheme. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5070', 'image' => '20170202124323_nic.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5268', 'article_category_id' => '1', 'title' => 'Shikhar Insurance Appoints NIBL Capital Market as Issue Manager', 'sub_title' => '', 'summary' => 'February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.', 'content' => '<p style="text-align: justify;">February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.</p> <p style="text-align: justify;">A memorandum of understanding was signed between the companies amid a program on January 1. The 12<sup>th</sup> annual general meeting of the company took a decision of issuing the new share in order to increase the general share ratio to 40 per cent. </p> <p style="text-align: justify;">The company is issuing 1,362,781 units of general shares with a premium of Rs 1520 at the price of Rs 1620. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5069', 'image' => '20170202113251_shikhar insurance.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5267', 'article_category_id' => '1', 'title' => 'NAC Raises LPG Price', 'sub_title' => '', 'summary' => 'January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.', 'content' => '<p style="text-align:justify">January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.</p> <p style="text-align:justify">Now onwards, a customer will have to pay Rs 1,350 per cylinder for LPG. Previously, a cylinder of LPG was priced at Rs 1,325. NAC raised the price of LPG after its sole supplier Indian Oil Corporation (IOC) supplied LPG in a new increased price for February. Earlier also, NAC had Rs 75.24 loss on per cylinder of LPG. However, the price of other petroleum products remains same. NAC was incurring losses due to the raise in petroleum products' price in international market. The company anticipated Rs 146.2 million losses during the last month. NAC slipped to losses due to losses on diesel and LPG. The price of raw oil in the international market has reached USD 55 per barrel. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => 'LPG gas in Nepal, Cost of LPG gas in Nepal, Nepal Oil Corporation', 'description' => '', 'sortorder' => '5068', 'image' => '20170202122921_gas.JPG', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5266', 'article_category_id' => '1', 'title' => 'Skoda Rolls Out New Rapid in Nepal', 'sub_title' => '', 'summary' => 'January 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31', 'content' => '<p>February 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31. Issuing a press statement the company said that the new Skoda car incorporates crystalline design, has enhanced performance and a range of ‘simply clever’ solutions.</p> <p>As per the company, the car is available in two engine variants of 1.6L MPI petrol and the new 1.5L TDI diesel. “In addition, the new Škoda Rapid features efficient and dynamic seven- speed DSG gearbox with Tiptronics mated to the 1.5 TDI diesel engine,” reads the statement. Similarly, the car comes with new Quartz-cut Projector Lens headlights with chrome eye lashes and LED day running lights. According to the statement, the new Škoda Rapid has plush dual-tone ebony-sand interiors complemented with perforated leatherette upholstery. Likewise, it is equipped with the new ‘Drive’ Central Infotainment System with a 6.5 inch color touchscreen and Mirror Link technology. Other features include electrically foldable mirrors, Climatronic Technology and rain sensing wipers and cruise control, dual airbags, ABS, ESC and Hill Hold Control. Meanwhile, the car has a 460 liter boot space. </p> <p>Unveiling the car Vishnu Kumar Agarwal, Managing Director of MAW Enterprises said, 'The new Škoda Rapid meets the demand of Nepali sedan enthusiasts.”</p> <p>Informing about the features of the car, Suraj Manadhar, Chief General Manager of MAW said, “The New Skoda Rapid is a family car, compact enough for the city and spacious enough for longer trips.”</p> <p>The car which is available three variants of Active, Ambition and Style comes in six color options of Brilliant Silver, Candy White, Cappuccino Beige, CarbonSteel, Silk Blue and Flash Red. “The new Rapid will be available across all authorised Škoda showrooms in the country,” informs the statement.</p> <p><strong><u>New Škoda Rapid in Figures</u></strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:213px"> <p><strong>Details</strong></p> </td> <td style="width:213px"> <p><strong>Petrol</strong></p> </td> <td style="width:213px"> <p><strong>Diesel</strong></p> </td> </tr> <tr> <td style="width:213px"> <p>Engine</p> </td> <td style="width:213px"> <p>1598cc</p> </td> <td style="width:213px"> <p>1498 cc</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Power</p> </td> <td style="width:213px"> <p>105 PS 77 Kw</p> </td> <td style="width:213px"> <p>110 PS 81 Kw</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Torque</p> </td> <td style="width:213px"> <p>153 Nm</p> </td> <td style="width:213px"> <p>250 Nm</p> </td> </tr> <tr> <td style="width:213px"> <p>Tire</p> </td> <td colspan="2" style="width:426px"> <p>185/60 R15</p> </td> </tr> <tr> <td style="width:213px"> <p>Wheelbase</p> </td> <td colspan="2" style="width:426px"> <p>2552mm</p> </td> </tr> <tr> <td style="width:213px"> <p>Mileage</p> </td> <td style="width:213px"> <p>15 KmpL</p> </td> <td style="width:213px"> <p>21 KmpL</p> </td> </tr> <tr> <td style="width:213px"> <p>Price</p> </td> <td style="width:213px"> <p>34.95 Lakhs</p> </td> <td style="width:213px"> <p>39.95 Lakhs</p> </td> </tr> </tbody> </table> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-01', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5067', 'image' => '20170201112427_LNM_1769.JPG', 'article_date' => '2017-02-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5265', 'article_category_id' => '1', 'title' => 'Financial closure of Upper Solu Hydropower Project', 'sub_title' => '', 'summary' => 'January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.', 'content' => '<p style="text-align: justify;">January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.</p> <p style="text-align: justify;">The project was started without bank investment due to which it was halted by Commission for the Investigation of Abuse of Authority (CIAA). But now, after completing all the legal procedure, the project is being forwarded. The promoter of the project Beni Hydro will invest 30 per cent of the total investment projected of Rs 3.27 billion while the remaining investment of 70 per cent amounted to Rs 2.20 billion will be made by the banks.</p> <p style="text-align: justify;">The project is resided at Beni, ward no 4 of Dudhkunda Municipality of Solukhumbu District. The generated electricity will be connected to the Nepal Electricity Authority (NAC) substation in Lamane by constructing 11KM long 132 KVA transmission line. The project developers expect of easy passage to the electricity generated due to the under construction transmission line in Solu Corridor.</p> <p style="text-align: justify;">The project which was halted during the construction process has already concluded the initial environment assessment (IEA) and power purchase agreement (PPA). The developer expects to conclude the project within January 15, 2020. </p> ', 'published' => true, 'created' => '2017-01-31', 'modified' => '2017-01-31', 'keywords' => '', 'description' => '', 'sortorder' => '5066', 'image' => '20170131015946_solu river.jpg', 'article_date' => '2017-01-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5273', 'article_category_id' => '1', 'title' => 'Cable TVs to Shut Down If Do Not Go Digital', 'sub_title' => '', 'summary' => 'February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.', 'content' => '<p style="text-align: justify;">February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.</p> <p style="text-align: justify;">The cable TV service providers will not get necessary television signals after the given deadline. The government has amended the National Broadcasting Regulations and has published a notice in this regard in the Nepal Gazette, a month ago.</p> <p style="text-align: justify;">According to Ram Chandra Dhakal, Spokesperson of the Ministry of Information and Communications (MoIC), the cable TV providers which were supposed to go digital by April last year delayed the process due to the earthquake and Terai unrest.</p> <p style="text-align: justify;">“The failure to import necessary equipment on time also obstructed to go for the digital technology,” he informed. “We have given time to cable TV broadcasters of metropolitan and sub-metropolitan cities of Kathmandu till coming mid-May for the purpose.”</p> <p style="text-align: justify;">In the given deadline, the cable operators of Kathmandu Metropolis, and Lalitpur, Biratnagar, Birgunj and Pokhara sub-metropolitan cities should go for digital technology. As per the amended regulation, the digital system will be implemented in the remaining sub-metropolises and municipalities by November 1, 2017 and within the whole country till the end of April, 2018.</p> <p style="text-align: justify;">The government had already stopped giving licenses for operating analog cable TV service since mid-May, 2013 in metropolises and sub-metropolises and within the whole country since mid-May, 2015.</p> <p style="text-align: justify;">Sudhir Parajuli, President of the Nepal Cable Television Association said that they are ready to shift the cable TV into the digital system. “However, there is a need of awareness among the customers as well,” he added.</p> <p style="text-align: justify;">Parajuli claims that most of the cable service providers in Kathmandu valley have already shifted to digital system. “Though we have shifted to digital system, only 25 percent of the customers have installed digital cable till now,” he informed.</p> <p style="text-align: justify;">According to him, if 80 percent of the customers do not go for digital cable before coming mid-May, they will not be able to watch TV channels for a brief period.</p> <p style="text-align: justify;">The government had decided to change from analog to digital system through the sixth amendment of the regulations in 2012.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5074', 'image' => '20170202015258_digital tv.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5272', 'article_category_id' => '1', 'title' => 'Alpine Bank in Bhimphedi', 'sub_title' => '', 'summary' => 'February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15th branch of the bank. "Alpine Bank has been expanding its branches in rural areas and', 'content' => '<p style="text-align: justify;">February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15<sup>th</sup> branch of the bank. "Alpine Bank has been expanding its branches in rural areas and providing banking services to rural people," said Adhikari.</p> <p style="text-align: justify;">Presently, the bank has been providing financial services in Makwanpur, Chitwan and Kavre. "In the branch opening day, 115 people started their bank account and deposited Rs 4.5 million," added Adhikari. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5073', 'image' => '20170202014904_alpine.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5271', 'article_category_id' => '1', 'title' => 'IME Launches New Scheme', 'sub_title' => '', 'summary' => 'February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.', 'content' => '<p style="text-align: justify;">February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.</p> <p style="text-align: justify;">Under the scheme, the customer will be granted a coupon on first remittance transaction. Upon showing the coupon while carrying out second remittance transaction, the customer will be entitled to a free watch. According to the company, the scheme that started on February 1 will last till the end of March. "The scheme is applicable on 1000 dirham above transaction only," said the company. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5072', 'image' => '20170202012121_ime.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5270', 'article_category_id' => '1', 'title' => 'Prabhu Bank Starts BLB services at Four Locations', 'sub_title' => '', 'summary' => 'February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility ', 'content' => '<p style="text-align: justify;">February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility to banking services after the opening of BLB services, said the bank in a press statement. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5071', 'image' => '20170202010112_prabhu.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5269', 'article_category_id' => '1', 'title' => 'NIC Asia's 'Dhanbarsha Fixed Deposit Scheme'', 'sub_title' => '', 'summary' => 'February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme', 'content' => '<p style="text-align: justify;">February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme.</p> <p style="text-align: justify;">The bank is planning to launch similar scheme for institutional customers once the newly launched scheme collects encouraging deposits. The bank clarified that government and government owned institutions, saving and credit co-operative organisations, trust operated by such organisations and public limited companies have been barred from participation in the scheme. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5070', 'image' => '20170202124323_nic.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5268', 'article_category_id' => '1', 'title' => 'Shikhar Insurance Appoints NIBL Capital Market as Issue Manager', 'sub_title' => '', 'summary' => 'February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.', 'content' => '<p style="text-align: justify;">February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.</p> <p style="text-align: justify;">A memorandum of understanding was signed between the companies amid a program on January 1. The 12<sup>th</sup> annual general meeting of the company took a decision of issuing the new share in order to increase the general share ratio to 40 per cent. </p> <p style="text-align: justify;">The company is issuing 1,362,781 units of general shares with a premium of Rs 1520 at the price of Rs 1620. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5069', 'image' => '20170202113251_shikhar insurance.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5267', 'article_category_id' => '1', 'title' => 'NAC Raises LPG Price', 'sub_title' => '', 'summary' => 'January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.', 'content' => '<p style="text-align:justify">January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.</p> <p style="text-align:justify">Now onwards, a customer will have to pay Rs 1,350 per cylinder for LPG. Previously, a cylinder of LPG was priced at Rs 1,325. NAC raised the price of LPG after its sole supplier Indian Oil Corporation (IOC) supplied LPG in a new increased price for February. Earlier also, NAC had Rs 75.24 loss on per cylinder of LPG. However, the price of other petroleum products remains same. NAC was incurring losses due to the raise in petroleum products' price in international market. The company anticipated Rs 146.2 million losses during the last month. NAC slipped to losses due to losses on diesel and LPG. The price of raw oil in the international market has reached USD 55 per barrel. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => 'LPG gas in Nepal, Cost of LPG gas in Nepal, Nepal Oil Corporation', 'description' => '', 'sortorder' => '5068', 'image' => '20170202122921_gas.JPG', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5266', 'article_category_id' => '1', 'title' => 'Skoda Rolls Out New Rapid in Nepal', 'sub_title' => '', 'summary' => 'January 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31', 'content' => '<p>February 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31. Issuing a press statement the company said that the new Skoda car incorporates crystalline design, has enhanced performance and a range of ‘simply clever’ solutions.</p> <p>As per the company, the car is available in two engine variants of 1.6L MPI petrol and the new 1.5L TDI diesel. “In addition, the new Škoda Rapid features efficient and dynamic seven- speed DSG gearbox with Tiptronics mated to the 1.5 TDI diesel engine,” reads the statement. Similarly, the car comes with new Quartz-cut Projector Lens headlights with chrome eye lashes and LED day running lights. According to the statement, the new Škoda Rapid has plush dual-tone ebony-sand interiors complemented with perforated leatherette upholstery. Likewise, it is equipped with the new ‘Drive’ Central Infotainment System with a 6.5 inch color touchscreen and Mirror Link technology. Other features include electrically foldable mirrors, Climatronic Technology and rain sensing wipers and cruise control, dual airbags, ABS, ESC and Hill Hold Control. Meanwhile, the car has a 460 liter boot space. </p> <p>Unveiling the car Vishnu Kumar Agarwal, Managing Director of MAW Enterprises said, 'The new Škoda Rapid meets the demand of Nepali sedan enthusiasts.”</p> <p>Informing about the features of the car, Suraj Manadhar, Chief General Manager of MAW said, “The New Skoda Rapid is a family car, compact enough for the city and spacious enough for longer trips.”</p> <p>The car which is available three variants of Active, Ambition and Style comes in six color options of Brilliant Silver, Candy White, Cappuccino Beige, CarbonSteel, Silk Blue and Flash Red. “The new Rapid will be available across all authorised Škoda showrooms in the country,” informs the statement.</p> <p><strong><u>New Škoda Rapid in Figures</u></strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:213px"> <p><strong>Details</strong></p> </td> <td style="width:213px"> <p><strong>Petrol</strong></p> </td> <td style="width:213px"> <p><strong>Diesel</strong></p> </td> </tr> <tr> <td style="width:213px"> <p>Engine</p> </td> <td style="width:213px"> <p>1598cc</p> </td> <td style="width:213px"> <p>1498 cc</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Power</p> </td> <td style="width:213px"> <p>105 PS 77 Kw</p> </td> <td style="width:213px"> <p>110 PS 81 Kw</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Torque</p> </td> <td style="width:213px"> <p>153 Nm</p> </td> <td style="width:213px"> <p>250 Nm</p> </td> </tr> <tr> <td style="width:213px"> <p>Tire</p> </td> <td colspan="2" style="width:426px"> <p>185/60 R15</p> </td> </tr> <tr> <td style="width:213px"> <p>Wheelbase</p> </td> <td colspan="2" style="width:426px"> <p>2552mm</p> </td> </tr> <tr> <td style="width:213px"> <p>Mileage</p> </td> <td style="width:213px"> <p>15 KmpL</p> </td> <td style="width:213px"> <p>21 KmpL</p> </td> </tr> <tr> <td style="width:213px"> <p>Price</p> </td> <td style="width:213px"> <p>34.95 Lakhs</p> </td> <td style="width:213px"> <p>39.95 Lakhs</p> </td> </tr> </tbody> </table> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-01', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5067', 'image' => '20170201112427_LNM_1769.JPG', 'article_date' => '2017-02-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5265', 'article_category_id' => '1', 'title' => 'Financial closure of Upper Solu Hydropower Project', 'sub_title' => '', 'summary' => 'January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.', 'content' => '<p style="text-align: justify;">January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.</p> <p style="text-align: justify;">The project was started without bank investment due to which it was halted by Commission for the Investigation of Abuse of Authority (CIAA). But now, after completing all the legal procedure, the project is being forwarded. The promoter of the project Beni Hydro will invest 30 per cent of the total investment projected of Rs 3.27 billion while the remaining investment of 70 per cent amounted to Rs 2.20 billion will be made by the banks.</p> <p style="text-align: justify;">The project is resided at Beni, ward no 4 of Dudhkunda Municipality of Solukhumbu District. The generated electricity will be connected to the Nepal Electricity Authority (NAC) substation in Lamane by constructing 11KM long 132 KVA transmission line. The project developers expect of easy passage to the electricity generated due to the under construction transmission line in Solu Corridor.</p> <p style="text-align: justify;">The project which was halted during the construction process has already concluded the initial environment assessment (IEA) and power purchase agreement (PPA). The developer expects to conclude the project within January 15, 2020. </p> ', 'published' => true, 'created' => '2017-01-31', 'modified' => '2017-01-31', 'keywords' => '', 'description' => '', 'sortorder' => '5066', 'image' => '20170131015946_solu river.jpg', 'article_date' => '2017-01-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5273', 'article_category_id' => '1', 'title' => 'Cable TVs to Shut Down If Do Not Go Digital', 'sub_title' => '', 'summary' => 'February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.', 'content' => '<p style="text-align: justify;">February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.</p> <p style="text-align: justify;">The cable TV service providers will not get necessary television signals after the given deadline. The government has amended the National Broadcasting Regulations and has published a notice in this regard in the Nepal Gazette, a month ago.</p> <p style="text-align: justify;">According to Ram Chandra Dhakal, Spokesperson of the Ministry of Information and Communications (MoIC), the cable TV providers which were supposed to go digital by April last year delayed the process due to the earthquake and Terai unrest.</p> <p style="text-align: justify;">“The failure to import necessary equipment on time also obstructed to go for the digital technology,” he informed. “We have given time to cable TV broadcasters of metropolitan and sub-metropolitan cities of Kathmandu till coming mid-May for the purpose.”</p> <p style="text-align: justify;">In the given deadline, the cable operators of Kathmandu Metropolis, and Lalitpur, Biratnagar, Birgunj and Pokhara sub-metropolitan cities should go for digital technology. As per the amended regulation, the digital system will be implemented in the remaining sub-metropolises and municipalities by November 1, 2017 and within the whole country till the end of April, 2018.</p> <p style="text-align: justify;">The government had already stopped giving licenses for operating analog cable TV service since mid-May, 2013 in metropolises and sub-metropolises and within the whole country since mid-May, 2015.</p> <p style="text-align: justify;">Sudhir Parajuli, President of the Nepal Cable Television Association said that they are ready to shift the cable TV into the digital system. “However, there is a need of awareness among the customers as well,” he added.</p> <p style="text-align: justify;">Parajuli claims that most of the cable service providers in Kathmandu valley have already shifted to digital system. “Though we have shifted to digital system, only 25 percent of the customers have installed digital cable till now,” he informed.</p> <p style="text-align: justify;">According to him, if 80 percent of the customers do not go for digital cable before coming mid-May, they will not be able to watch TV channels for a brief period.</p> <p style="text-align: justify;">The government had decided to change from analog to digital system through the sixth amendment of the regulations in 2012.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5074', 'image' => '20170202015258_digital tv.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5272', 'article_category_id' => '1', 'title' => 'Alpine Bank in Bhimphedi', 'sub_title' => '', 'summary' => 'February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15th branch of the bank. "Alpine Bank has been expanding its branches in rural areas and', 'content' => '<p style="text-align: justify;">February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15<sup>th</sup> branch of the bank. "Alpine Bank has been expanding its branches in rural areas and providing banking services to rural people," said Adhikari.</p> <p style="text-align: justify;">Presently, the bank has been providing financial services in Makwanpur, Chitwan and Kavre. "In the branch opening day, 115 people started their bank account and deposited Rs 4.5 million," added Adhikari. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5073', 'image' => '20170202014904_alpine.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5271', 'article_category_id' => '1', 'title' => 'IME Launches New Scheme', 'sub_title' => '', 'summary' => 'February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.', 'content' => '<p style="text-align: justify;">February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.</p> <p style="text-align: justify;">Under the scheme, the customer will be granted a coupon on first remittance transaction. Upon showing the coupon while carrying out second remittance transaction, the customer will be entitled to a free watch. According to the company, the scheme that started on February 1 will last till the end of March. "The scheme is applicable on 1000 dirham above transaction only," said the company. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5072', 'image' => '20170202012121_ime.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5270', 'article_category_id' => '1', 'title' => 'Prabhu Bank Starts BLB services at Four Locations', 'sub_title' => '', 'summary' => 'February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility ', 'content' => '<p style="text-align: justify;">February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility to banking services after the opening of BLB services, said the bank in a press statement. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5071', 'image' => '20170202010112_prabhu.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5269', 'article_category_id' => '1', 'title' => 'NIC Asia's 'Dhanbarsha Fixed Deposit Scheme'', 'sub_title' => '', 'summary' => 'February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme', 'content' => '<p style="text-align: justify;">February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme.</p> <p style="text-align: justify;">The bank is planning to launch similar scheme for institutional customers once the newly launched scheme collects encouraging deposits. The bank clarified that government and government owned institutions, saving and credit co-operative organisations, trust operated by such organisations and public limited companies have been barred from participation in the scheme. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5070', 'image' => '20170202124323_nic.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5268', 'article_category_id' => '1', 'title' => 'Shikhar Insurance Appoints NIBL Capital Market as Issue Manager', 'sub_title' => '', 'summary' => 'February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.', 'content' => '<p style="text-align: justify;">February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.</p> <p style="text-align: justify;">A memorandum of understanding was signed between the companies amid a program on January 1. The 12<sup>th</sup> annual general meeting of the company took a decision of issuing the new share in order to increase the general share ratio to 40 per cent. </p> <p style="text-align: justify;">The company is issuing 1,362,781 units of general shares with a premium of Rs 1520 at the price of Rs 1620. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5069', 'image' => '20170202113251_shikhar insurance.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5267', 'article_category_id' => '1', 'title' => 'NAC Raises LPG Price', 'sub_title' => '', 'summary' => 'January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.', 'content' => '<p style="text-align:justify">January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.</p> <p style="text-align:justify">Now onwards, a customer will have to pay Rs 1,350 per cylinder for LPG. Previously, a cylinder of LPG was priced at Rs 1,325. NAC raised the price of LPG after its sole supplier Indian Oil Corporation (IOC) supplied LPG in a new increased price for February. Earlier also, NAC had Rs 75.24 loss on per cylinder of LPG. However, the price of other petroleum products remains same. NAC was incurring losses due to the raise in petroleum products' price in international market. The company anticipated Rs 146.2 million losses during the last month. NAC slipped to losses due to losses on diesel and LPG. The price of raw oil in the international market has reached USD 55 per barrel. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => 'LPG gas in Nepal, Cost of LPG gas in Nepal, Nepal Oil Corporation', 'description' => '', 'sortorder' => '5068', 'image' => '20170202122921_gas.JPG', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5266', 'article_category_id' => '1', 'title' => 'Skoda Rolls Out New Rapid in Nepal', 'sub_title' => '', 'summary' => 'January 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31', 'content' => '<p>February 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31. Issuing a press statement the company said that the new Skoda car incorporates crystalline design, has enhanced performance and a range of ‘simply clever’ solutions.</p> <p>As per the company, the car is available in two engine variants of 1.6L MPI petrol and the new 1.5L TDI diesel. “In addition, the new Škoda Rapid features efficient and dynamic seven- speed DSG gearbox with Tiptronics mated to the 1.5 TDI diesel engine,” reads the statement. Similarly, the car comes with new Quartz-cut Projector Lens headlights with chrome eye lashes and LED day running lights. According to the statement, the new Škoda Rapid has plush dual-tone ebony-sand interiors complemented with perforated leatherette upholstery. Likewise, it is equipped with the new ‘Drive’ Central Infotainment System with a 6.5 inch color touchscreen and Mirror Link technology. Other features include electrically foldable mirrors, Climatronic Technology and rain sensing wipers and cruise control, dual airbags, ABS, ESC and Hill Hold Control. Meanwhile, the car has a 460 liter boot space. </p> <p>Unveiling the car Vishnu Kumar Agarwal, Managing Director of MAW Enterprises said, 'The new Škoda Rapid meets the demand of Nepali sedan enthusiasts.”</p> <p>Informing about the features of the car, Suraj Manadhar, Chief General Manager of MAW said, “The New Skoda Rapid is a family car, compact enough for the city and spacious enough for longer trips.”</p> <p>The car which is available three variants of Active, Ambition and Style comes in six color options of Brilliant Silver, Candy White, Cappuccino Beige, CarbonSteel, Silk Blue and Flash Red. “The new Rapid will be available across all authorised Škoda showrooms in the country,” informs the statement.</p> <p><strong><u>New Škoda Rapid in Figures</u></strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:213px"> <p><strong>Details</strong></p> </td> <td style="width:213px"> <p><strong>Petrol</strong></p> </td> <td style="width:213px"> <p><strong>Diesel</strong></p> </td> </tr> <tr> <td style="width:213px"> <p>Engine</p> </td> <td style="width:213px"> <p>1598cc</p> </td> <td style="width:213px"> <p>1498 cc</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Power</p> </td> <td style="width:213px"> <p>105 PS 77 Kw</p> </td> <td style="width:213px"> <p>110 PS 81 Kw</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Torque</p> </td> <td style="width:213px"> <p>153 Nm</p> </td> <td style="width:213px"> <p>250 Nm</p> </td> </tr> <tr> <td style="width:213px"> <p>Tire</p> </td> <td colspan="2" style="width:426px"> <p>185/60 R15</p> </td> </tr> <tr> <td style="width:213px"> <p>Wheelbase</p> </td> <td colspan="2" style="width:426px"> <p>2552mm</p> </td> </tr> <tr> <td style="width:213px"> <p>Mileage</p> </td> <td style="width:213px"> <p>15 KmpL</p> </td> <td style="width:213px"> <p>21 KmpL</p> </td> </tr> <tr> <td style="width:213px"> <p>Price</p> </td> <td style="width:213px"> <p>34.95 Lakhs</p> </td> <td style="width:213px"> <p>39.95 Lakhs</p> </td> </tr> </tbody> </table> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-01', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5067', 'image' => '20170201112427_LNM_1769.JPG', 'article_date' => '2017-02-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5265', 'article_category_id' => '1', 'title' => 'Financial closure of Upper Solu Hydropower Project', 'sub_title' => '', 'summary' => 'January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.', 'content' => '<p style="text-align: justify;">January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.</p> <p style="text-align: justify;">The project was started without bank investment due to which it was halted by Commission for the Investigation of Abuse of Authority (CIAA). But now, after completing all the legal procedure, the project is being forwarded. The promoter of the project Beni Hydro will invest 30 per cent of the total investment projected of Rs 3.27 billion while the remaining investment of 70 per cent amounted to Rs 2.20 billion will be made by the banks.</p> <p style="text-align: justify;">The project is resided at Beni, ward no 4 of Dudhkunda Municipality of Solukhumbu District. The generated electricity will be connected to the Nepal Electricity Authority (NAC) substation in Lamane by constructing 11KM long 132 KVA transmission line. The project developers expect of easy passage to the electricity generated due to the under construction transmission line in Solu Corridor.</p> <p style="text-align: justify;">The project which was halted during the construction process has already concluded the initial environment assessment (IEA) and power purchase agreement (PPA). The developer expects to conclude the project within January 15, 2020. </p> ', 'published' => true, 'created' => '2017-01-31', 'modified' => '2017-01-31', 'keywords' => '', 'description' => '', 'sortorder' => '5066', 'image' => '20170131015946_solu river.jpg', 'article_date' => '2017-01-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '5279', 'article_category_id' => '1', 'title' => 'Lumbini General Insurance to Organise Golf Tournament', 'sub_title' => '', 'summary' => 'February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13th anniversary in Royal Nepal Golf Club on February 3 and 4.', 'content' => '<p style="text-align: justify;">February 3: Lumbini General Insurance Company is organising 'Lumbini Insurance Invitational Golf Tournament 2017'. The company is organising the golf tournament on the occasion of its 13<sup>th</sup> anniversary in Royal Nepal Golf Club on February 3 and 4.</p> <p style="text-align: justify;">According to the organiser, the tournament will be played in stable ford format ¾ handicaps. The tournament will be participated by 100 golfers and winners will be announced in various 11 categories. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5080', 'image' => '20170203112547_lubminin.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '5278', 'article_category_id' => '1', 'title' => 'Financial Literacy Program of Agricultural Devt Bank', 'sub_title' => '', 'summary' => 'February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. ', 'content' => '<p style="text-align: justify;">February 3: Agricultural Development Bank, Pharsatikar of Rupandehi sub-branch has organised a financial literacy program. "The financial literacy program is significant to teach the sixty per cent of the total population of Nepal lacking financial accessibility," said Lila Prakash Sitaula, CEO of the bank. He opined that such program educates and aware local people about banking system. According to the bank, nearly 60 people participated the program. </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5079', 'image' => '20170203110836_adbl.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '5277', 'article_category_id' => '1', 'title' => 'ASBA Saving Scheme', 'sub_title' => '', 'summary' => 'February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.', 'content' => '<p style="text-align: justify;">February 3: Yeti Development Bank has announced Yeti ASBA Saving Scheme. Issuing a press statement, the bank informed that the customers can open a 6 percent annual interest receivable account with minimum balance of Rs 100. The bank recently obtained approval from Securities Board of Nepal (SEBON) for ASBA. "Yeti launched the saving scheme to facilitate the customers applying for shares through ASBA to open account in minimum balance and provide maximum return on blocked money," said the bank.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-03', 'modified' => '2017-02-03', 'keywords' => '', 'description' => '', 'sortorder' => '5078', 'image' => '20170203105433_yeti.jpg', 'article_date' => '2017-02-03 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '5276', 'article_category_id' => '1', 'title' => 'Indian Budget -2017: Plans to link Nepal with Railway', 'sub_title' => '', 'summary' => 'February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.', 'content' => '<p style="text-align: justify;">February 2 : Indian Finance Minister Arun Jaitley presented the annual budget of 2017 announcing to provide more concessions on agricultural productions and some other sectors.</p> <p style="text-align: justify;">The budget amount of IRs 21,470 billion unveiled on February 1 is expected to make an impact on the import and export of Nepalese economy as well and reduce the competitive capacity of Nepal in the international level.</p> <p style="text-align: justify;"> The Indian budget- 2017 has prioritized railway. The Indian government has announced to provide IRs 55 billion for the development and expansion of railways. India has accelerated the pace of development and expansion of railway with the places linked with Nepali border such as in Uttar Pradesh (UP) and Bihar states of India.</p> <p style="text-align: justify;">The budget that was presented by the Bharatiya Janata Party (BJP) led government for the third time and is also termed ‘populist’ as the budget targets rural areas, poverty, unemployment and farmers. Similarly, the budget has given special priority to infrastructure building such as, railway, roads and waterway projects in the upcoming year.</p> <p style="text-align: justify;">According to Deep Kumar Upadhyay, Nepali Ambassador to India, Nepal too can benefit from the Indian government’s declaration of the construction of railways and roads.</p> <p style="text-align: justify;">Focusing to move ahead in agriculture, the budget has increased grants and has planned reduction of interest rates. When any Indian government brings programmes for farmers it directly affects Nepali farmers. Nepal should devise policies learning from India’s policies in agro-sector, say experts.</p> <p style="text-align: justify;">Meanwhile, K.P. Pandey, Director of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) opined that the Indian budget will increase the strength of economic sector in India and this will weaken the competitive capacity of Nepal in the international markets.</p> <p style="text-align: justify;">There are some new arrangements for transparency of activities of political parties. The political parties now can receive only Rs two thousand as donation in cash and other transactions should be in digital system. Nepal can learn from this, say experts.</p> <p style="text-align: justify;">Likewise, the budget presentation shows that India has spent all the budget allocated in capital expenditure, which can be a lesson for Nepal facing problem in expenditure. The Indian budget- 2017 has targeted to double the income of farmers in the upcoming five years.</p> <p style="text-align: justify;"> The Indian currency ban of Rs. 500 and 1,000 notes announced on December 8, 2016 has badly affected the Indian economy, but the budget calls it temporary.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5077', 'image' => '20170202052538_railway.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '5275', 'article_category_id' => '1', 'title' => 'ICAN Celebrates its 20th Anniversary and Convocation', 'sub_title' => '', 'summary' => 'February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.', 'content' => '<p>February 2 : Institute of Chartered Accountants of Nepal (ICAN) celebrated its 20th anniversary and its first convocation on January 30 and January 31, respectively. Acting Auditor General Sukhadev Bhattarai Khatri was the chief guest at the anniversary programme on Monday.</p> <p>At the programme, merit holder students of Chartered Accountancy for 2015 and 2016 were awarded with medals and certificates (CA). Also, few of the staffs in the organisation were honored with 'Best Staff' award and certificates.</p> <p>At the convocation ceremony held on Tuesday, 319 students received convocation which had been organised for the first time in twenty years of its establishment. </p> <p>President Bidya Devi Bhandari, chief guest of the programme gave away the convocation certificates to the CA graduates.</p> <p>"The role of CA is very crucial for the building a well-managed financial system of the country as they are the ones who are responsible for preparing and certifying the financial reports of the government and non- governmental sectors," said the President.</p> <p>ICAN was established after the introduction of Nepal Chartered Accountant Institutions Act- 1997. The organization which is responsible for admission, syllabus and examination of the CA course in Nepal does not take classes itself. The students get admitted to institutions or prepare themselves in accordance with international standards for CA.</p> <p>In addition to that, the students who have studied CA from India can also join it and take a separate examination of law and taxation system, after which they can be qualified for working as a CA in Nepal.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5076', 'image' => '20170202051816_ican.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '5274', 'article_category_id' => '1', 'title' => 'Lasting Peace for Sustainable Development: SAESM', 'sub_title' => '', 'summary' => 'February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.', 'content' => '<p style="text-align: justify;">February 2: Regional conflict, widespread inequality and lack of resources have been challenging on the way to attaining sustainable development in the South Asian region.</p> <p style="text-align: justify;">Experts speaking at the 13<sup>th</sup> South Asian Economic Students’ Meet (SAESM) here on Monday, January 30 said that governments of each country have to focus on lasting peace and high economic growth for an expected sustainable development.</p> <p style="text-align: justify;">The speakers at the gathering were of this view regarding the issues during the inaugural session of the conference held on January 30.</p> <p style="text-align: justify;">The conference organised by the Nepal Economic Association (NEA) was inaugurated by Vice-President Nanda Bahadur Pun. Speaking at the event, he said that the countries should pay attention in balancing permanent peace and high economic growth amid inequality so as to attain sustainable development.</p> <p style="text-align: justify;">"Though there is an improvement in the economic front of the country, political instability and traditional production system are uncooperative to it," said Pun. He reminded that IMF has indicated that the government will not be able to increase the growth rate in the current fiscal year due to unsatisfactory reconstruction in the aftermath of the massive earthquake of 2015.</p> <p style="text-align: justify;">"The world economy is not in a stable condition. The United Kingdom has come out of the European Union due to the economic crisis in Europe, and it is hard to say that America will not face economic crisis in the coming days. The world's eye is set on how the American President Donald Trump deals with this issue," the Vice President said.</p> <p style="text-align: justify;">According to him, though the economic condition of India seems somewhat stronger, the ban on IC 500 and 1,000 currency notes could shrink the country’s economic growth rate.</p> <p style="text-align: justify;">Similarly, economist with the World Bank Dr Martin Rama pointed out many economic opportunities in South Asia. He also presented a working paper on the role of water resources in the economic prosperity of South Asia. “A proper management of water resources of Nepal can benefit the whole of South Asia", he said.</p> <p style="text-align: justify;">Likewise, Governor of Nepal Rastra Bank (NRB) Dr. Chiranjivi Nepal said that inter-country cultural network should be strengthened for resolving common economic problems. He opined that economic development of Nepal is gradually expanding taking benefit from the high economic growth of India and China.</p> <p style="text-align: justify;">The programme was participated in by 175 representatives from South Asia including students and professors of economics.</p> <p style="text-align: justify;">The five-day event was organised in collaboration with Tribhuvan University for the second time in Nepal. It was organised for the first time in 2009 in Nepal. A total of 42 students of SAARC nations will present their working papers in the conference. The best working paper will also be awarded. </p> <p style="text-align: justify;">The 12 Th conference of the organisation founded in 2004 was held in Colombo. Nepal had joined the gathering in 2007.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5075', 'image' => '20170202023124_aseam.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '5273', 'article_category_id' => '1', 'title' => 'Cable TVs to Shut Down If Do Not Go Digital', 'sub_title' => '', 'summary' => 'February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.', 'content' => '<p style="text-align: justify;">February 2: The cable TV services of Kathmandu Metropolitan as well as sub-metropolitan cities will be shut down if they do not go for digital technology within three months from now.</p> <p style="text-align: justify;">The cable TV service providers will not get necessary television signals after the given deadline. The government has amended the National Broadcasting Regulations and has published a notice in this regard in the Nepal Gazette, a month ago.</p> <p style="text-align: justify;">According to Ram Chandra Dhakal, Spokesperson of the Ministry of Information and Communications (MoIC), the cable TV providers which were supposed to go digital by April last year delayed the process due to the earthquake and Terai unrest.</p> <p style="text-align: justify;">“The failure to import necessary equipment on time also obstructed to go for the digital technology,” he informed. “We have given time to cable TV broadcasters of metropolitan and sub-metropolitan cities of Kathmandu till coming mid-May for the purpose.”</p> <p style="text-align: justify;">In the given deadline, the cable operators of Kathmandu Metropolis, and Lalitpur, Biratnagar, Birgunj and Pokhara sub-metropolitan cities should go for digital technology. As per the amended regulation, the digital system will be implemented in the remaining sub-metropolises and municipalities by November 1, 2017 and within the whole country till the end of April, 2018.</p> <p style="text-align: justify;">The government had already stopped giving licenses for operating analog cable TV service since mid-May, 2013 in metropolises and sub-metropolises and within the whole country since mid-May, 2015.</p> <p style="text-align: justify;">Sudhir Parajuli, President of the Nepal Cable Television Association said that they are ready to shift the cable TV into the digital system. “However, there is a need of awareness among the customers as well,” he added.</p> <p style="text-align: justify;">Parajuli claims that most of the cable service providers in Kathmandu valley have already shifted to digital system. “Though we have shifted to digital system, only 25 percent of the customers have installed digital cable till now,” he informed.</p> <p style="text-align: justify;">According to him, if 80 percent of the customers do not go for digital cable before coming mid-May, they will not be able to watch TV channels for a brief period.</p> <p style="text-align: justify;">The government had decided to change from analog to digital system through the sixth amendment of the regulations in 2012.</p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5074', 'image' => '20170202015258_digital tv.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '5272', 'article_category_id' => '1', 'title' => 'Alpine Bank in Bhimphedi', 'sub_title' => '', 'summary' => 'February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15th branch of the bank. "Alpine Bank has been expanding its branches in rural areas and', 'content' => '<p style="text-align: justify;">February 2: Alpine Development Bank, headquartered at Hetauda, has started a branch in Bhimphedi. Sudarshan Prasad Adhikari, Chairman of the bank inaugurated the branch amid a program on February 1. The branch is the 15<sup>th</sup> branch of the bank. "Alpine Bank has been expanding its branches in rural areas and providing banking services to rural people," said Adhikari.</p> <p style="text-align: justify;">Presently, the bank has been providing financial services in Makwanpur, Chitwan and Kavre. "In the branch opening day, 115 people started their bank account and deposited Rs 4.5 million," added Adhikari. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5073', 'image' => '20170202014904_alpine.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '5271', 'article_category_id' => '1', 'title' => 'IME Launches New Scheme', 'sub_title' => '', 'summary' => 'February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.', 'content' => '<p style="text-align: justify;">February 2: IME Remittance Company has launched a new scheme targeting its customers. Under the scheme, the company will be giving free watch on remittance send from UAE. Issuing a press statement, the company informed of providing free watch to any customer who sent money through Alhalia Exchange to Nepal.</p> <p style="text-align: justify;">Under the scheme, the customer will be granted a coupon on first remittance transaction. Upon showing the coupon while carrying out second remittance transaction, the customer will be entitled to a free watch. According to the company, the scheme that started on February 1 will last till the end of March. "The scheme is applicable on 1000 dirham above transaction only," said the company. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5072', 'image' => '20170202012121_ime.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '5270', 'article_category_id' => '1', 'title' => 'Prabhu Bank Starts BLB services at Four Locations', 'sub_title' => '', 'summary' => 'February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility ', 'content' => '<p style="text-align: justify;">February 2: Prabhu Bank has started branch less banking services in four locations of Rukum. The bank, with the co-ordination of UKaid's Sakchyam project started BLB services in Ranmamaikot, Taksera, Kakri and Naayagadh Puwang of Rukum. The bank believes that the local people of Rukum will get easy accessibility to banking services after the opening of BLB services, said the bank in a press statement. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5071', 'image' => '20170202010112_prabhu.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '5269', 'article_category_id' => '1', 'title' => 'NIC Asia's 'Dhanbarsha Fixed Deposit Scheme'', 'sub_title' => '', 'summary' => 'February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme', 'content' => '<p style="text-align: justify;">February 2: NIC Bank has launched one yearly 'Dhanbarsha Fixed Deposit Scheme' targeting individual customers. Issuing a press statement, the bank informed of providing 12 per cent interest under the scheme. According to the bank, customers can obtain loan up to 80 per cent on the fixed deposit scheme.</p> <p style="text-align: justify;">The bank is planning to launch similar scheme for institutional customers once the newly launched scheme collects encouraging deposits. The bank clarified that government and government owned institutions, saving and credit co-operative organisations, trust operated by such organisations and public limited companies have been barred from participation in the scheme. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5070', 'image' => '20170202124323_nic.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '5268', 'article_category_id' => '1', 'title' => 'Shikhar Insurance Appoints NIBL Capital Market as Issue Manager', 'sub_title' => '', 'summary' => 'February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.', 'content' => '<p style="text-align: justify;">February 2: Shikhar Insurance has appointed NIBL Capital Markets as its issue manager. The company appointed the issue manager in a bid to manage the new share issuance to be floated soon.</p> <p style="text-align: justify;">A memorandum of understanding was signed between the companies amid a program on January 1. The 12<sup>th</sup> annual general meeting of the company took a decision of issuing the new share in order to increase the general share ratio to 40 per cent. </p> <p style="text-align: justify;">The company is issuing 1,362,781 units of general shares with a premium of Rs 1520 at the price of Rs 1620. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5069', 'image' => '20170202113251_shikhar insurance.jpg', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '5267', 'article_category_id' => '1', 'title' => 'NAC Raises LPG Price', 'sub_title' => '', 'summary' => 'January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.', 'content' => '<p style="text-align:justify">January 2: Nepal Oil Corporation has raised the price of LP gas by Rs 25 per cylinder. A meeting of NAC board of directors took the decision of raising LPG price on February 1.</p> <p style="text-align:justify">Now onwards, a customer will have to pay Rs 1,350 per cylinder for LPG. Previously, a cylinder of LPG was priced at Rs 1,325. NAC raised the price of LPG after its sole supplier Indian Oil Corporation (IOC) supplied LPG in a new increased price for February. Earlier also, NAC had Rs 75.24 loss on per cylinder of LPG. However, the price of other petroleum products remains same. NAC was incurring losses due to the raise in petroleum products' price in international market. The company anticipated Rs 146.2 million losses during the last month. NAC slipped to losses due to losses on diesel and LPG. The price of raw oil in the international market has reached USD 55 per barrel. </p> ', 'published' => true, 'created' => '2017-02-02', 'modified' => '2017-02-02', 'keywords' => 'LPG gas in Nepal, Cost of LPG gas in Nepal, Nepal Oil Corporation', 'description' => '', 'sortorder' => '5068', 'image' => '20170202122921_gas.JPG', 'article_date' => '2017-02-02 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '5266', 'article_category_id' => '1', 'title' => 'Skoda Rolls Out New Rapid in Nepal', 'sub_title' => '', 'summary' => 'January 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31', 'content' => '<p>February 1: Czech car brand Škoda has launched the new Škoda Rapid in the Nepali market. MAW Enterprises, the authorised distributor of Škoda four-wheelers in Nepal unveiled the new car amid a function in the capital on January 31. Issuing a press statement the company said that the new Skoda car incorporates crystalline design, has enhanced performance and a range of ‘simply clever’ solutions.</p> <p>As per the company, the car is available in two engine variants of 1.6L MPI petrol and the new 1.5L TDI diesel. “In addition, the new Škoda Rapid features efficient and dynamic seven- speed DSG gearbox with Tiptronics mated to the 1.5 TDI diesel engine,” reads the statement. Similarly, the car comes with new Quartz-cut Projector Lens headlights with chrome eye lashes and LED day running lights. According to the statement, the new Škoda Rapid has plush dual-tone ebony-sand interiors complemented with perforated leatherette upholstery. Likewise, it is equipped with the new ‘Drive’ Central Infotainment System with a 6.5 inch color touchscreen and Mirror Link technology. Other features include electrically foldable mirrors, Climatronic Technology and rain sensing wipers and cruise control, dual airbags, ABS, ESC and Hill Hold Control. Meanwhile, the car has a 460 liter boot space. </p> <p>Unveiling the car Vishnu Kumar Agarwal, Managing Director of MAW Enterprises said, 'The new Škoda Rapid meets the demand of Nepali sedan enthusiasts.”</p> <p>Informing about the features of the car, Suraj Manadhar, Chief General Manager of MAW said, “The New Skoda Rapid is a family car, compact enough for the city and spacious enough for longer trips.”</p> <p>The car which is available three variants of Active, Ambition and Style comes in six color options of Brilliant Silver, Candy White, Cappuccino Beige, CarbonSteel, Silk Blue and Flash Red. “The new Rapid will be available across all authorised Škoda showrooms in the country,” informs the statement.</p> <p><strong><u>New Škoda Rapid in Figures</u></strong></p> <table border="1" cellpadding="0" cellspacing="0"> <tbody> <tr> <td style="width:213px"> <p><strong>Details</strong></p> </td> <td style="width:213px"> <p><strong>Petrol</strong></p> </td> <td style="width:213px"> <p><strong>Diesel</strong></p> </td> </tr> <tr> <td style="width:213px"> <p>Engine</p> </td> <td style="width:213px"> <p>1598cc</p> </td> <td style="width:213px"> <p>1498 cc</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Power</p> </td> <td style="width:213px"> <p>105 PS 77 Kw</p> </td> <td style="width:213px"> <p>110 PS 81 Kw</p> </td> </tr> <tr> <td style="width:213px"> <p>Maximum Torque</p> </td> <td style="width:213px"> <p>153 Nm</p> </td> <td style="width:213px"> <p>250 Nm</p> </td> </tr> <tr> <td style="width:213px"> <p>Tire</p> </td> <td colspan="2" style="width:426px"> <p>185/60 R15</p> </td> </tr> <tr> <td style="width:213px"> <p>Wheelbase</p> </td> <td colspan="2" style="width:426px"> <p>2552mm</p> </td> </tr> <tr> <td style="width:213px"> <p>Mileage</p> </td> <td style="width:213px"> <p>15 KmpL</p> </td> <td style="width:213px"> <p>21 KmpL</p> </td> </tr> <tr> <td style="width:213px"> <p>Price</p> </td> <td style="width:213px"> <p>34.95 Lakhs</p> </td> <td style="width:213px"> <p>39.95 Lakhs</p> </td> </tr> </tbody> </table> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2017-02-01', 'modified' => '2017-02-02', 'keywords' => '', 'description' => '', 'sortorder' => '5067', 'image' => '20170201112427_LNM_1769.JPG', 'article_date' => '2017-02-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '5265', 'article_category_id' => '1', 'title' => 'Financial closure of Upper Solu Hydropower Project', 'sub_title' => '', 'summary' => 'January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.', 'content' => '<p style="text-align: justify;">January 31: The financial closure of 18MW Upper Solu River Hydropower project has been signed on Monday, January 30. Under the headship of Beni Hydropower Project, the promoter of the project and NMB Bank, an agreement regarding the financial assistant to the project was carried out among four BFIs. Apart from NMB Bank, Vibor Society Development Bank, Siddhartha Development Bank and Nepal Bangladesh Bank are providing consortium loan to the project.</p> <p style="text-align: justify;">The project was started without bank investment due to which it was halted by Commission for the Investigation of Abuse of Authority (CIAA). But now, after completing all the legal procedure, the project is being forwarded. The promoter of the project Beni Hydro will invest 30 per cent of the total investment projected of Rs 3.27 billion while the remaining investment of 70 per cent amounted to Rs 2.20 billion will be made by the banks.</p> <p style="text-align: justify;">The project is resided at Beni, ward no 4 of Dudhkunda Municipality of Solukhumbu District. The generated electricity will be connected to the Nepal Electricity Authority (NAC) substation in Lamane by constructing 11KM long 132 KVA transmission line. The project developers expect of easy passage to the electricity generated due to the under construction transmission line in Solu Corridor.</p> <p style="text-align: justify;">The project which was halted during the construction process has already concluded the initial environment assessment (IEA) and power purchase agreement (PPA). The developer expects to conclude the project within January 15, 2020. </p> ', 'published' => true, 'created' => '2017-01-31', 'modified' => '2017-01-31', 'keywords' => '', 'description' => '', 'sortorder' => '5066', 'image' => '20170131015946_solu river.jpg', 'article_date' => '2017-01-31 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Currency | Unit |
Buy | Sell |
U.S. Dollar | 1 | 121.23 | 121.83 |
European Euro | 1 | 131.65 | 132.31 |
UK Pound Sterling | 1 | 142.47 | 143.18 |
Swiss Franc | 1 | 124.29 | 124.90 |
Australian Dollar | 1 | 71.69 | 72.05 |
Canadian Dollar | 1 | 83.90 | 84.32 |
Japanese Yen | 10 | 10.94 | 11.00 |
Chinese Yuan | 1 | 17.17 | 17.26 |
Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
UAE Dirham | 1 | 33.01 | 33.17 |
Malaysian Ringgit | 1 | 27.36 | 27.50 |
South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
Fine Gold | 1 tola | 77000.00 |
Tejabi Gold | 1 tola | 76700.00 |
Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
Petrol | 1 Liter | 106.00 |
Diesel | 1 Liter | 95.00 |
Kerosene | 1 Liter | 95.00 |
LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25