NEWS

TATA Launches 'Winter on Fire' Scheme

Jan 20, 2017 0 26 seconds to read

January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme 'Winter on Fire' will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal. Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited…

Hyundai Exchange Camp

Jan 20, 2017 0 31 seconds to read

January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp. Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the…

ADBL Employees' Association Organises Blood Donation

Jan 20, 2017 0 13 seconds to read

January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank's 50th anniversary.…

Nepal SBI Bank Appoints NMB Capital as its Issue Manager

Jan 20, 2017 0 27 seconds to read

January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future. Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank.…

Citizens' 9.5% Interest Rate on Fixed deposits

Jan 20, 2017 0 16 seconds to read

January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank.…

"Expand 4G Countrywide within 8 months"

Jan 19, 2017 0 1 minutes 40 seconds to read

January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next…

OPPO Opens 1st Service Centre at City Center

Jan 19, 2017 2 40 seconds to read

January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari. Issuing a press statement, the company has said that the service center is aimed at providing maintenance and…

Repair of Upper Tamakoshi Dam Resumes After 22 Months

Jan 19, 2017 0 1 minutes 22 seconds to read

January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now…

Interbank Transaction between BFIs Other than Commercial Bank Increases

Jan 19, 2017 0 1 minutes 34 seconds to read

January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial…

Laxmi Bank Starts Branch at Old Baneshwor

Jan 19, 2017 0 16 seconds to read

January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16th branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs.…

Nepal bank Appoints Civil Capital as Issue Manager

Jan 19, 2017 0 25 seconds to read

January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18. The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56th annual general…

Samsung to Launch Galaxy C9 Pro in Nepali Market

Jan 19, 2017 0 35 seconds to read

January 19: A South Korean multinational electronics company, Samsung is launching its new mobile phone model C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media, retailer of Samsung phone in Nepal, the company is planning to launch the mobile phone by the end of…

Government to Implement Exim Code from Next FY

Jan 18, 2017 0 2 minutes 16 seconds to read

January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective. The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. "The mechanism is being implemented to discourage…

Inflation Cools, Economic Growth Target to be Met

Jan 18, 2017 0 1 minutes 58 seconds to read

January 17: The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17. In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY. According to the…

Forward Community Microfinance's IPO through ASBA System

Jan 18, 2017 1 1 minutes 16 seconds to read

January 18: General investors who are interested on Forward Community Microfinance's IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'id' => '5189',
			'article_category_id' => '1',
			'title' => 'TATA Launches 'Winter on Fire' Scheme',
			'sub_title' => '',
			'summary' => 'January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme 'Winter on Fire' will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.  Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.',
			'content' => '<p style="text-align: justify;">January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme &#39;Winter on Fire&#39; will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.</p>

<p style="text-align: justify;">Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.</p>

<p style="text-align: justify;">&nbsp;</p>
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			'id' => '5188',
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			'title' => 'Hyundai Exchange Camp',
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			'summary' => 'January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.  Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.',
			'content' => '<p style="text-align: justify;">January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.</p>
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			'image' => '20170120104547_hyundai.jpg',
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			'title' => 'ADBL Employees' Association Organises Blood Donation',
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			'summary' => 'January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank's 50th anniversary. ',
			'content' => '<p>January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank&#39;s 50<sup>th</sup> anniversary.&nbsp;</p>
',
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			'modified' => '2017-01-20',
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			'description' => '',
			'sortorder' => '4990',
			'image' => '20170120103142_adbl.jpg',
			'article_date' => '2017-01-20 00:00:00',
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			'id' => '5186',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank Appoints NMB Capital as its Issue Manager',
			'sub_title' => '',
			'summary' => 'January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.  Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank. ',
			'content' => '<p style="text-align: justify;">January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.</p>

<p style="text-align: justify;">Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank.&nbsp;</p>
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			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4989',
			'image' => '20170120103040_nepal sbi.jpg',
			'article_date' => '2017-01-20 00:00:00',
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		'Article' => array(
			'id' => '5185',
			'article_category_id' => '1',
			'title' => 'Citizens' 9.5% Interest Rate on Fixed deposits',
			'sub_title' => '',
			'summary' => 'January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank. ',
			'content' => '<p style="text-align:justify">January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank.&nbsp;</p>
',
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			'created' => '2017-01-20',
			'modified' => '2017-01-20',
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			'sortorder' => '4988',
			'image' => '20170120101936_CITIZENS.jpg',
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			'id' => '5184',
			'article_category_id' => '1',
			'title' => '"Expand 4G Countrywide within 8 months"',
			'sub_title' => '',
			'summary' => 'January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G  services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.',
			'content' => '<p>January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G &nbsp;services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.</p>

<p>NT obtained the 4G license from the Nepal Telecommunication Authority (NTA) on October 23, 2016 and has started the services in Kathmandu and Pokhara from January 1, 2017.</p>

<p>&quot;The number of customers using 4G services has reached 41,000 so far,&quot; said Kamini Rajbhandari, Managing Director of NT to the committee. &quot;NT is planning to expand the 4G services in other parts of the country as well. The processes related to the tender for the expansion of 4G services in 15 sub-metropolitan cities have been forwarded,&quot; she added.</p>

<p>The NT that has started 4G services for postpaid customers in the initial phase will be providing the services to the pre-paid customers of Kathmandu and Pokhara from February 4 on the occasion of its anniversary.</p>

<p>The Committee has directed the NT to expand the service in a new band or frequency, as large sections of customers are deprived from the services due to limited availability.</p>

<p>The Committee has also directed NTA and Ministry of Information and Communications to provide facilitation to NT for providing quality 4G service in a minimum charge possible.</p>

<p>The committee concludes that NT is focusing only on the numerical increase in the service seekers. The committee pointed out various problems of NT telephone services including the lack of accessibility, clarity, low-speed internet and difficulty in recharging. Therefore, it directed NT and NTA to solve these problems, address the complaints of customers in time and compensate if required within the next one month.</p>

<p>The committee also directed NT to forward the process of including strategic partner to increase its competitive capacity. Various discussions on implementation of previous directives given by the committee were also held in the meeting.&nbsp; &nbsp;</p>
',
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			'created' => '2017-01-19',
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			'sortorder' => '4987',
			'image' => '20170119050324_4g.jpg',
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			'id' => '5183',
			'article_category_id' => '1',
			'title' => 'OPPO Opens 1st Service Centre at City Center',
			'sub_title' => '',
			'summary' => 'January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.  Issuing a press statement, the company has said that the service center is aimed at providing maintenance and s',
			'content' => '<p style="text-align: justify;">January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.</p>

<p style="text-align: justify;">Issuing a press statement, the company has said that the service center is aimed at providing maintenance and servicing of Oppo handsets sold in Nepal.</p>

<p style="text-align: justify;">&ldquo;Located at the shop number S10 at second floor of City Centre, the service centre will provide services to its valued customers throughout Sunday to Friday from 10 am to 6 pm,&rdquo; reads the statement. With the opening, Oppo has started a toll-free hotline number as well. The company informs that the customers can make queries and receive solutions to problems regarding their Oppo mobile phones by dialing 16600188886. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-01-19',
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			'description' => '',
			'sortorder' => '4986',
			'image' => '20170119033704_oppo.jpg',
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		'Article' => array(
			'id' => '5182',
			'article_category_id' => '1',
			'title' => 'Repair of Upper Tamakoshi Dam Resumes After 22 Months',
			'sub_title' => '',
			'summary' => 'January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.',
			'content' => '<p style="text-align: justify;">January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.</p>

<p style="text-align: justify;">The construction works of dam area halted due to the disruption in the access road caused by the earthquake, took a pace after the construction of the tunnel road to the project.</p>

<p style="text-align: justify;">Sino Hydro, the main civil constructor of the project re-started the construction of the dam area under Lot-1 which was completed by 90 per cent earlier, said Dr. Ganesh Neupane, Spokesperson of the Upper Tamakoshi Hydropower Project.</p>

<p style="text-align: justify;">The concreting task in the &#39;Gate Hub&#39; of the left side started under the dam construction which started with a new working schedule, said the project.</p>

<p style="text-align: justify;">Dr Neupane informed that the installation of the gate used for the dam and related technology has also started. According to him, repair of dam, de-sander basin, installation of water controlling gates and other tasks have also been started.</p>

<p style="text-align: justify;">Previously, the consultant of the project had informed that the 60 meter long and 22 meter high dam bogged down by17 centimetres during the earthquake. &quot;Lahmeyer, the consultant company of the project has suggested using grouting technology to repair the sinkholes of the dam caused by the sink,&quot; said Neupane.</p>

<p style="text-align: justify;">According to the concerned employees of the project, the project under construction in Lamabagar of Dolakha district might generate 456 MW of electricity before its new completion schedule.</p>
',
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			'created' => '2017-01-19',
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			'sortorder' => '4985',
			'image' => '20170119031439_upper tamakoshi.jpg',
			'article_date' => '2017-01-19 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '5181',
			'article_category_id' => '1',
			'title' => 'Interbank Transaction between BFIs Other than Commercial Bank Increases',
			'sub_title' => '',
			'summary' => 'January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.',
			'content' => '<p style="text-align: justify;">January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.</p>

<p style="text-align: justify;">Meanwhile, the interbank transaction of commercial banks has increased by 1.5 times. The interbank transaction which was Rs 317 billion during the first five months of the last FY has increased to Rs 486 billion in the review period of the current FY, according to the current Macroeconomic and Financial Situation of Nepal based on five months&#39; data published by NRB.</p>

<p style="text-align: justify;">From the initial period of the current FY, the interbank transactions between BFIs were in increasing trend. The government&#39;s failure to carry out capital expenditure as per its target has lead to the liquidity crisis, said the bankers. With the shortage of investable money, the banks are collecting funds by increasing interest rate of deposits.</p>

<p style="text-align: justify;">With the increase in deposit interest rate, loan interest rate has also increased resulting deterioration of investment environment, as per the entrepreneurs. &nbsp;The investors who invest by taking loans from BFIs are not willing to take risk on increasing loan interest rate.</p>

<p style="text-align: justify;">Along with the interbank transaction, weighted average interest rate of interbank transaction has also increased. According to NRB, the weighted average interest rate of interbank transaction was 2.67 per cent by the mid-December 2016. During the same period of the last FY, such interest rate was 0.82 per cent while it was 3.59 per cent by the mid-November of the current FY.&nbsp;</p>
',
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			'created' => '2017-01-19',
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			'sortorder' => '4984',
			'image' => '20170119010741_interbank.jpg',
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			'id' => '5180',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Starts Branch at Old Baneshwor',
			'sub_title' => '',
			'summary' => 'January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16th branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs. ',
			'content' => '<p style="text-align: justify;">January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16<sup>th</sup> branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs.&nbsp;</p>
',
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			'sortorder' => '4983',
			'image' => '20170119115131_laxmi branch.jpg',
			'article_date' => '2017-01-19 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5179',
			'article_category_id' => '1',
			'title' => 'Nepal bank Appoints Civil Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.  The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56th annual general meeting.',
			'content' => '<p style="text-align: justify;">January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.</p>

<p style="text-align: justify;">The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56<sup>th</sup> annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4982',
			'image' => '20170119114700_nepal bank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5178',
			'article_category_id' => '1',
			'title' => 'Samsung to Launch Galaxy C9 Pro in Nepali Market',
			'sub_title' => '',
			'summary' => 'January 19: A South Korean multinational electronics company, Samsung is launching its new mobile phone model C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media, retailer of Samsung phone in Nepal, the company is planning to launch the mobile phone by the end of February.',
			'content' => '<p style="text-align:justify">January 19: South Korean multinational electronics company, Samsung is launching its new smartphone Samsung Galaxy C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media,&nbsp;the company is planning to launch the mobile phone by the end of February.</p>

<p style="text-align:justify">As per Khadka, the company will open advance booking for the phone from mid-February. The phone is powered by 4000mAh battery and 16MP rear&nbsp;camera with dual-LED (dual tone) flash. The phone comes with 6 GB RAM, 64 GB internal memory and Android Marshmallow operating system. The company informed that the phone will cost below Rs 60,000 in the domestic market.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4981',
			'image' => '20170119112129_samsung.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5177',
			'article_category_id' => '1',
			'title' => 'Government to Implement Exim Code  from Next FY',
			'sub_title' => '',
			'summary' => 'January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.  The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. "The mechanism is being implemented to discourage il',
			'content' => '<p style="text-align: justify;">January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.</p>

<p style="text-align: justify;">The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. &quot;The mechanism is being implemented to discourage illegal trade,&quot; said Devi Prasad Bhandari, Director of the Planning and Services Section of the Customs Department.</p>

<p style="text-align: justify;">Director Bhandari claims that the technology will further encourage legal foreign trade. He informed that the technical preparation has already been initiated for its implementation. According to the Department, registration of code will start from January 26. The exporters and importers can apply for registration through online.</p>

<p style="text-align: justify;">Although the Customs Act had already mechanised Exim Code for transparency in export and import, it is being implemented only after a decade. The Department has also interacted and collected suggestions from industrialists and entrepreneurs of major export-import hubs for its implementation. Bhandari informed that the entrepreneurs from Birgunj and Bhairahawa have been consulted for this. &quot;Series of discussions with stakeholders have been conducted for the purpose. Suggestions from the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and Trade Facilitation Centre have also been drawn,&quot; he said.</p>

<p style="text-align: justify;">The preparation to introduce it has been started with an objective of increasing revenue recovery by systematizing and updating the statistics of the exporters and importers, said one official of the Department.</p>

<p style="text-align: justify;">Director Bhandari informed that the traders who import goods worth above Rs 25,000 will have to mandatorily obtain an Exim code. However, exporters need Exim code for exports of Rs 500,000 and above. Officials claim that the enforcement of the rule will help control fake firms and revenue leakage, and also introduce price uniformity in the market.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Presently, information of import is sent to the Nepali consulate in Kolkata through the Department of Commerce after opening letter of credit ( LC),&nbsp; and the consulate sends&nbsp; it to the Indian Customs with due process , &nbsp;and this process will be automatically shortened through this new technology, said Section Officer Arjun Poudel. A separate software is being prepared for this, he said.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Director Bhandari said this arrangement is effective worldwide as it discourages fake transactions besides saving time of the exporters and importers.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4980',
			'image' => '20170118045416_customs.JPG',
			'article_date' => '2017-01-18 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5176',
			'article_category_id' => '1',
			'title' => 'Inflation Cools, Economic Growth Target to be Met',
			'sub_title' => 'NRB’s Five-month Macroeconomic Report',
			'summary' => ' January 17:  The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.  In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.   According to the repo',
			'content' => '<p style="text-align: justify;">January 17: &nbsp;The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.&nbsp; In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.</p>

<p style="text-align: justify;">&nbsp;According to the report, the inflation was 11.6 percent in the last FY last and stood at 4.8 percent until October the current FY. NRB mentioned increasing of production activities in the country, ease in the supply system alongside the effective government monitoring of the market as factors attributing to the lowering of the inflation rate.</p>

<p style="text-align: justify;">Region wise, Kathmandu valley has the least inflation at 2.5 percent. &ldquo;This means that the market monitoring was effective,&rdquo; says one economist. As per the report, inflation rate in the hilly areas stood at 5.5 percent during the period while it was 3.7 percent in both mountainous regions and Terai plains.</p>

<p style="text-align: justify;">According to NRB, inflation in the food and non-food groups during the period were logged at 0.6 percent and 6.5 percent respectively. The food inflation and non-food inflation were 14.8 percent and 9.1 percent in the corresponding period of the last FY.&nbsp;</p>

<p style="text-align: justify;">&nbsp;In the current FY, the price of ghee and &nbsp;edible oil have come down by the highest 20.5 percent while it was lowest in pulses and beans at 6.6 percent.&nbsp; In fruit and food items, the prices came down by 2.4 percent and 1.1 percent respectively. However, the report points out that the inflation surged by 14.7 percent and 11.6 percent in sugar, sugar related products and alcoholic beverages respectively.&nbsp;</p>

<p style="text-align: justify;">According to NRB, the cooling of the inflation rate has also indicated that the economic growth could be attained as targeted by the budget and monetary policy of the current FY.</p>

<p style="text-align: justify;">&nbsp;The report states that targeted economic growth rate could be achieved in view of the favorable weather, improvement in energy supply and accelerating reconstruction works and steadily increasing remittance inflow. &ldquo;More than expected agricultural growth could support attaining the target of economic growth in 2017,&rdquo; NRB said in the report.&nbsp;&nbsp;</p>
',
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			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4979',
			'image' => null,
			'article_date' => '2017-01-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5175',
			'article_category_id' => '1',
			'title' => 'Forward Community Microfinance's IPO through ASBA System',
			'sub_title' => '',
			'summary' => 'January 18: General investors who are interested on Forward Community Microfinance's IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.',
			'content' => '<p style="text-align: justify;">January 18: General investors who are interested on Forward Community Microfinance&#39;s IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.</p>

<p style="text-align: justify;">&quot;ASBA was supposed to be implemented from January 14, however, there was no issuance of IPO or FPO during the first week. Thus the investors will get the services for the first time in Forward Community&#39;s IPO,&quot; said Niranjan Ghimire, Joint Spokesperson of SEBON. &quot;The system will simplify, ease and hassle free the process for investors, thus, we believe the participation will be encouraging,&quot; he added.</p>

<p style="text-align: justify;">Investors can apply for Forward Community Microfinance&#39;s IPO directly through their bank accounts of SEBON approved BFIs by paying certain charges. The investors can also submit their applications for free from Nabil Investment Banking, the issue manager of the IPO, in previous manner. However, under the system, investors can easily submit their application hassle-free by paying certain fee, he said.</p>

<p style="text-align: justify;">Under the system, investors will be charged Rs 150 per application under Rs 50,000and Rs 250 per application above Rs 50,000. SEBON clarifies that the system is not mandatory for now.&nbsp;</p>
',
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			'sortorder' => '4978',
			'image' => '20170118015128_FORWARD_Community_.jpg',
			'article_date' => '2017-01-18 00:00:00',
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		'Article' => array(
			'id' => '5189',
			'article_category_id' => '1',
			'title' => 'TATA Launches 'Winter on Fire' Scheme',
			'sub_title' => '',
			'summary' => 'January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme 'Winter on Fire' will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.  Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.',
			'content' => '<p style="text-align: justify;">January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme &#39;Winter on Fire&#39; will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.</p>

<p style="text-align: justify;">Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4992',
			'image' => '20170120105842_tata.jpg',
			'article_date' => '2017-01-20 00:00:00',
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			'id' => '5188',
			'article_category_id' => '1',
			'title' => 'Hyundai Exchange Camp',
			'sub_title' => '',
			'summary' => 'January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.  Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.',
			'content' => '<p style="text-align: justify;">January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.</p>
',
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			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4991',
			'image' => '20170120104547_hyundai.jpg',
			'article_date' => '2017-01-20 00:00:00',
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			'id' => '5187',
			'article_category_id' => '1',
			'title' => 'ADBL Employees' Association Organises Blood Donation',
			'sub_title' => '',
			'summary' => 'January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank's 50th anniversary. ',
			'content' => '<p>January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank&#39;s 50<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4990',
			'image' => '20170120103142_adbl.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5186',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank Appoints NMB Capital as its Issue Manager',
			'sub_title' => '',
			'summary' => 'January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.  Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank. ',
			'content' => '<p style="text-align: justify;">January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.</p>

<p style="text-align: justify;">Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank.&nbsp;</p>
',
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			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4989',
			'image' => '20170120103040_nepal sbi.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5185',
			'article_category_id' => '1',
			'title' => 'Citizens' 9.5% Interest Rate on Fixed deposits',
			'sub_title' => '',
			'summary' => 'January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank. ',
			'content' => '<p style="text-align:justify">January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4988',
			'image' => '20170120101936_CITIZENS.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5184',
			'article_category_id' => '1',
			'title' => '"Expand 4G Countrywide within 8 months"',
			'sub_title' => '',
			'summary' => 'January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G  services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.',
			'content' => '<p>January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G &nbsp;services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.</p>

<p>NT obtained the 4G license from the Nepal Telecommunication Authority (NTA) on October 23, 2016 and has started the services in Kathmandu and Pokhara from January 1, 2017.</p>

<p>&quot;The number of customers using 4G services has reached 41,000 so far,&quot; said Kamini Rajbhandari, Managing Director of NT to the committee. &quot;NT is planning to expand the 4G services in other parts of the country as well. The processes related to the tender for the expansion of 4G services in 15 sub-metropolitan cities have been forwarded,&quot; she added.</p>

<p>The NT that has started 4G services for postpaid customers in the initial phase will be providing the services to the pre-paid customers of Kathmandu and Pokhara from February 4 on the occasion of its anniversary.</p>

<p>The Committee has directed the NT to expand the service in a new band or frequency, as large sections of customers are deprived from the services due to limited availability.</p>

<p>The Committee has also directed NTA and Ministry of Information and Communications to provide facilitation to NT for providing quality 4G service in a minimum charge possible.</p>

<p>The committee concludes that NT is focusing only on the numerical increase in the service seekers. The committee pointed out various problems of NT telephone services including the lack of accessibility, clarity, low-speed internet and difficulty in recharging. Therefore, it directed NT and NTA to solve these problems, address the complaints of customers in time and compensate if required within the next one month.</p>

<p>The committee also directed NT to forward the process of including strategic partner to increase its competitive capacity. Various discussions on implementation of previous directives given by the committee were also held in the meeting.&nbsp; &nbsp;</p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '5183',
			'article_category_id' => '1',
			'title' => 'OPPO Opens 1st Service Centre at City Center',
			'sub_title' => '',
			'summary' => 'January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.  Issuing a press statement, the company has said that the service center is aimed at providing maintenance and s',
			'content' => '<p style="text-align: justify;">January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.</p>

<p style="text-align: justify;">Issuing a press statement, the company has said that the service center is aimed at providing maintenance and servicing of Oppo handsets sold in Nepal.</p>

<p style="text-align: justify;">&ldquo;Located at the shop number S10 at second floor of City Centre, the service centre will provide services to its valued customers throughout Sunday to Friday from 10 am to 6 pm,&rdquo; reads the statement. With the opening, Oppo has started a toll-free hotline number as well. The company informs that the customers can make queries and receive solutions to problems regarding their Oppo mobile phones by dialing 16600188886. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4986',
			'image' => '20170119033704_oppo.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5182',
			'article_category_id' => '1',
			'title' => 'Repair of Upper Tamakoshi Dam Resumes After 22 Months',
			'sub_title' => '',
			'summary' => 'January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.',
			'content' => '<p style="text-align: justify;">January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.</p>

<p style="text-align: justify;">The construction works of dam area halted due to the disruption in the access road caused by the earthquake, took a pace after the construction of the tunnel road to the project.</p>

<p style="text-align: justify;">Sino Hydro, the main civil constructor of the project re-started the construction of the dam area under Lot-1 which was completed by 90 per cent earlier, said Dr. Ganesh Neupane, Spokesperson of the Upper Tamakoshi Hydropower Project.</p>

<p style="text-align: justify;">The concreting task in the &#39;Gate Hub&#39; of the left side started under the dam construction which started with a new working schedule, said the project.</p>

<p style="text-align: justify;">Dr Neupane informed that the installation of the gate used for the dam and related technology has also started. According to him, repair of dam, de-sander basin, installation of water controlling gates and other tasks have also been started.</p>

<p style="text-align: justify;">Previously, the consultant of the project had informed that the 60 meter long and 22 meter high dam bogged down by17 centimetres during the earthquake. &quot;Lahmeyer, the consultant company of the project has suggested using grouting technology to repair the sinkholes of the dam caused by the sink,&quot; said Neupane.</p>

<p style="text-align: justify;">According to the concerned employees of the project, the project under construction in Lamabagar of Dolakha district might generate 456 MW of electricity before its new completion schedule.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4985',
			'image' => '20170119031439_upper tamakoshi.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5181',
			'article_category_id' => '1',
			'title' => 'Interbank Transaction between BFIs Other than Commercial Bank Increases',
			'sub_title' => '',
			'summary' => 'January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.',
			'content' => '<p style="text-align: justify;">January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.</p>

<p style="text-align: justify;">Meanwhile, the interbank transaction of commercial banks has increased by 1.5 times. The interbank transaction which was Rs 317 billion during the first five months of the last FY has increased to Rs 486 billion in the review period of the current FY, according to the current Macroeconomic and Financial Situation of Nepal based on five months&#39; data published by NRB.</p>

<p style="text-align: justify;">From the initial period of the current FY, the interbank transactions between BFIs were in increasing trend. The government&#39;s failure to carry out capital expenditure as per its target has lead to the liquidity crisis, said the bankers. With the shortage of investable money, the banks are collecting funds by increasing interest rate of deposits.</p>

<p style="text-align: justify;">With the increase in deposit interest rate, loan interest rate has also increased resulting deterioration of investment environment, as per the entrepreneurs. &nbsp;The investors who invest by taking loans from BFIs are not willing to take risk on increasing loan interest rate.</p>

<p style="text-align: justify;">Along with the interbank transaction, weighted average interest rate of interbank transaction has also increased. According to NRB, the weighted average interest rate of interbank transaction was 2.67 per cent by the mid-December 2016. During the same period of the last FY, such interest rate was 0.82 per cent while it was 3.59 per cent by the mid-November of the current FY.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4984',
			'image' => '20170119010741_interbank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5180',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Starts Branch at Old Baneshwor',
			'sub_title' => '',
			'summary' => 'January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16th branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs. ',
			'content' => '<p style="text-align: justify;">January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16<sup>th</sup> branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4983',
			'image' => '20170119115131_laxmi branch.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 10 => array(
		'Article' => array(
			'id' => '5179',
			'article_category_id' => '1',
			'title' => 'Nepal bank Appoints Civil Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.  The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56th annual general meeting.',
			'content' => '<p style="text-align: justify;">January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.</p>

<p style="text-align: justify;">The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56<sup>th</sup> annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4982',
			'image' => '20170119114700_nepal bank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5178',
			'article_category_id' => '1',
			'title' => 'Samsung to Launch Galaxy C9 Pro in Nepali Market',
			'sub_title' => '',
			'summary' => 'January 19: A South Korean multinational electronics company, Samsung is launching its new mobile phone model C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media, retailer of Samsung phone in Nepal, the company is planning to launch the mobile phone by the end of February.',
			'content' => '<p style="text-align:justify">January 19: South Korean multinational electronics company, Samsung is launching its new smartphone Samsung Galaxy C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media,&nbsp;the company is planning to launch the mobile phone by the end of February.</p>

<p style="text-align:justify">As per Khadka, the company will open advance booking for the phone from mid-February. The phone is powered by 4000mAh battery and 16MP rear&nbsp;camera with dual-LED (dual tone) flash. The phone comes with 6 GB RAM, 64 GB internal memory and Android Marshmallow operating system. The company informed that the phone will cost below Rs 60,000 in the domestic market.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4981',
			'image' => '20170119112129_samsung.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 12 => array(
		'Article' => array(
			'id' => '5177',
			'article_category_id' => '1',
			'title' => 'Government to Implement Exim Code  from Next FY',
			'sub_title' => '',
			'summary' => 'January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.  The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. "The mechanism is being implemented to discourage il',
			'content' => '<p style="text-align: justify;">January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.</p>

<p style="text-align: justify;">The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. &quot;The mechanism is being implemented to discourage illegal trade,&quot; said Devi Prasad Bhandari, Director of the Planning and Services Section of the Customs Department.</p>

<p style="text-align: justify;">Director Bhandari claims that the technology will further encourage legal foreign trade. He informed that the technical preparation has already been initiated for its implementation. According to the Department, registration of code will start from January 26. The exporters and importers can apply for registration through online.</p>

<p style="text-align: justify;">Although the Customs Act had already mechanised Exim Code for transparency in export and import, it is being implemented only after a decade. The Department has also interacted and collected suggestions from industrialists and entrepreneurs of major export-import hubs for its implementation. Bhandari informed that the entrepreneurs from Birgunj and Bhairahawa have been consulted for this. &quot;Series of discussions with stakeholders have been conducted for the purpose. Suggestions from the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and Trade Facilitation Centre have also been drawn,&quot; he said.</p>

<p style="text-align: justify;">The preparation to introduce it has been started with an objective of increasing revenue recovery by systematizing and updating the statistics of the exporters and importers, said one official of the Department.</p>

<p style="text-align: justify;">Director Bhandari informed that the traders who import goods worth above Rs 25,000 will have to mandatorily obtain an Exim code. However, exporters need Exim code for exports of Rs 500,000 and above. Officials claim that the enforcement of the rule will help control fake firms and revenue leakage, and also introduce price uniformity in the market.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Presently, information of import is sent to the Nepali consulate in Kolkata through the Department of Commerce after opening letter of credit ( LC),&nbsp; and the consulate sends&nbsp; it to the Indian Customs with due process , &nbsp;and this process will be automatically shortened through this new technology, said Section Officer Arjun Poudel. A separate software is being prepared for this, he said.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Director Bhandari said this arrangement is effective worldwide as it discourages fake transactions besides saving time of the exporters and importers.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4980',
			'image' => '20170118045416_customs.JPG',
			'article_date' => '2017-01-18 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5176',
			'article_category_id' => '1',
			'title' => 'Inflation Cools, Economic Growth Target to be Met',
			'sub_title' => 'NRB’s Five-month Macroeconomic Report',
			'summary' => ' January 17:  The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.  In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.   According to the repo',
			'content' => '<p style="text-align: justify;">January 17: &nbsp;The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.&nbsp; In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.</p>

<p style="text-align: justify;">&nbsp;According to the report, the inflation was 11.6 percent in the last FY last and stood at 4.8 percent until October the current FY. NRB mentioned increasing of production activities in the country, ease in the supply system alongside the effective government monitoring of the market as factors attributing to the lowering of the inflation rate.</p>

<p style="text-align: justify;">Region wise, Kathmandu valley has the least inflation at 2.5 percent. &ldquo;This means that the market monitoring was effective,&rdquo; says one economist. As per the report, inflation rate in the hilly areas stood at 5.5 percent during the period while it was 3.7 percent in both mountainous regions and Terai plains.</p>

<p style="text-align: justify;">According to NRB, inflation in the food and non-food groups during the period were logged at 0.6 percent and 6.5 percent respectively. The food inflation and non-food inflation were 14.8 percent and 9.1 percent in the corresponding period of the last FY.&nbsp;</p>

<p style="text-align: justify;">&nbsp;In the current FY, the price of ghee and &nbsp;edible oil have come down by the highest 20.5 percent while it was lowest in pulses and beans at 6.6 percent.&nbsp; In fruit and food items, the prices came down by 2.4 percent and 1.1 percent respectively. However, the report points out that the inflation surged by 14.7 percent and 11.6 percent in sugar, sugar related products and alcoholic beverages respectively.&nbsp;</p>

<p style="text-align: justify;">According to NRB, the cooling of the inflation rate has also indicated that the economic growth could be attained as targeted by the budget and monetary policy of the current FY.</p>

<p style="text-align: justify;">&nbsp;The report states that targeted economic growth rate could be achieved in view of the favorable weather, improvement in energy supply and accelerating reconstruction works and steadily increasing remittance inflow. &ldquo;More than expected agricultural growth could support attaining the target of economic growth in 2017,&rdquo; NRB said in the report.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4979',
			'image' => null,
			'article_date' => '2017-01-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5175',
			'article_category_id' => '1',
			'title' => 'Forward Community Microfinance's IPO through ASBA System',
			'sub_title' => '',
			'summary' => 'January 18: General investors who are interested on Forward Community Microfinance's IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.',
			'content' => '<p style="text-align: justify;">January 18: General investors who are interested on Forward Community Microfinance&#39;s IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.</p>

<p style="text-align: justify;">&quot;ASBA was supposed to be implemented from January 14, however, there was no issuance of IPO or FPO during the first week. Thus the investors will get the services for the first time in Forward Community&#39;s IPO,&quot; said Niranjan Ghimire, Joint Spokesperson of SEBON. &quot;The system will simplify, ease and hassle free the process for investors, thus, we believe the participation will be encouraging,&quot; he added.</p>

<p style="text-align: justify;">Investors can apply for Forward Community Microfinance&#39;s IPO directly through their bank accounts of SEBON approved BFIs by paying certain charges. The investors can also submit their applications for free from Nabil Investment Banking, the issue manager of the IPO, in previous manner. However, under the system, investors can easily submit their application hassle-free by paying certain fee, he said.</p>

<p style="text-align: justify;">Under the system, investors will be charged Rs 150 per application under Rs 50,000and Rs 250 per application above Rs 50,000. SEBON clarifies that the system is not mandatory for now.&nbsp;</p>
',
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			'image' => '20170118015128_FORWARD_Community_.jpg',
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		'Article' => array(
			'id' => '5189',
			'article_category_id' => '1',
			'title' => 'TATA Launches 'Winter on Fire' Scheme',
			'sub_title' => '',
			'summary' => 'January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme 'Winter on Fire' will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.  Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.',
			'content' => '<p style="text-align: justify;">January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme &#39;Winter on Fire&#39; will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.</p>

<p style="text-align: justify;">Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '4992',
			'image' => '20170120105842_tata.jpg',
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			'title' => 'Hyundai Exchange Camp',
			'sub_title' => '',
			'summary' => 'January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.  Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.',
			'content' => '<p style="text-align: justify;">January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4991',
			'image' => '20170120104547_hyundai.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '5187',
			'article_category_id' => '1',
			'title' => 'ADBL Employees' Association Organises Blood Donation',
			'sub_title' => '',
			'summary' => 'January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank's 50th anniversary. ',
			'content' => '<p>January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank&#39;s 50<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4990',
			'image' => '20170120103142_adbl.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '5186',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank Appoints NMB Capital as its Issue Manager',
			'sub_title' => '',
			'summary' => 'January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.  Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank. ',
			'content' => '<p style="text-align: justify;">January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.</p>

<p style="text-align: justify;">Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4989',
			'image' => '20170120103040_nepal sbi.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '5185',
			'article_category_id' => '1',
			'title' => 'Citizens' 9.5% Interest Rate on Fixed deposits',
			'sub_title' => '',
			'summary' => 'January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank. ',
			'content' => '<p style="text-align:justify">January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4988',
			'image' => '20170120101936_CITIZENS.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 5 => array(
		'Article' => array(
			'id' => '5184',
			'article_category_id' => '1',
			'title' => '"Expand 4G Countrywide within 8 months"',
			'sub_title' => '',
			'summary' => 'January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G  services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.',
			'content' => '<p>January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G &nbsp;services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.</p>

<p>NT obtained the 4G license from the Nepal Telecommunication Authority (NTA) on October 23, 2016 and has started the services in Kathmandu and Pokhara from January 1, 2017.</p>

<p>&quot;The number of customers using 4G services has reached 41,000 so far,&quot; said Kamini Rajbhandari, Managing Director of NT to the committee. &quot;NT is planning to expand the 4G services in other parts of the country as well. The processes related to the tender for the expansion of 4G services in 15 sub-metropolitan cities have been forwarded,&quot; she added.</p>

<p>The NT that has started 4G services for postpaid customers in the initial phase will be providing the services to the pre-paid customers of Kathmandu and Pokhara from February 4 on the occasion of its anniversary.</p>

<p>The Committee has directed the NT to expand the service in a new band or frequency, as large sections of customers are deprived from the services due to limited availability.</p>

<p>The Committee has also directed NTA and Ministry of Information and Communications to provide facilitation to NT for providing quality 4G service in a minimum charge possible.</p>

<p>The committee concludes that NT is focusing only on the numerical increase in the service seekers. The committee pointed out various problems of NT telephone services including the lack of accessibility, clarity, low-speed internet and difficulty in recharging. Therefore, it directed NT and NTA to solve these problems, address the complaints of customers in time and compensate if required within the next one month.</p>

<p>The committee also directed NT to forward the process of including strategic partner to increase its competitive capacity. Various discussions on implementation of previous directives given by the committee were also held in the meeting.&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4987',
			'image' => '20170119050324_4g.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5183',
			'article_category_id' => '1',
			'title' => 'OPPO Opens 1st Service Centre at City Center',
			'sub_title' => '',
			'summary' => 'January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.  Issuing a press statement, the company has said that the service center is aimed at providing maintenance and s',
			'content' => '<p style="text-align: justify;">January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.</p>

<p style="text-align: justify;">Issuing a press statement, the company has said that the service center is aimed at providing maintenance and servicing of Oppo handsets sold in Nepal.</p>

<p style="text-align: justify;">&ldquo;Located at the shop number S10 at second floor of City Centre, the service centre will provide services to its valued customers throughout Sunday to Friday from 10 am to 6 pm,&rdquo; reads the statement. With the opening, Oppo has started a toll-free hotline number as well. The company informs that the customers can make queries and receive solutions to problems regarding their Oppo mobile phones by dialing 16600188886. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4986',
			'image' => '20170119033704_oppo.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5182',
			'article_category_id' => '1',
			'title' => 'Repair of Upper Tamakoshi Dam Resumes After 22 Months',
			'sub_title' => '',
			'summary' => 'January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.',
			'content' => '<p style="text-align: justify;">January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.</p>

<p style="text-align: justify;">The construction works of dam area halted due to the disruption in the access road caused by the earthquake, took a pace after the construction of the tunnel road to the project.</p>

<p style="text-align: justify;">Sino Hydro, the main civil constructor of the project re-started the construction of the dam area under Lot-1 which was completed by 90 per cent earlier, said Dr. Ganesh Neupane, Spokesperson of the Upper Tamakoshi Hydropower Project.</p>

<p style="text-align: justify;">The concreting task in the &#39;Gate Hub&#39; of the left side started under the dam construction which started with a new working schedule, said the project.</p>

<p style="text-align: justify;">Dr Neupane informed that the installation of the gate used for the dam and related technology has also started. According to him, repair of dam, de-sander basin, installation of water controlling gates and other tasks have also been started.</p>

<p style="text-align: justify;">Previously, the consultant of the project had informed that the 60 meter long and 22 meter high dam bogged down by17 centimetres during the earthquake. &quot;Lahmeyer, the consultant company of the project has suggested using grouting technology to repair the sinkholes of the dam caused by the sink,&quot; said Neupane.</p>

<p style="text-align: justify;">According to the concerned employees of the project, the project under construction in Lamabagar of Dolakha district might generate 456 MW of electricity before its new completion schedule.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4985',
			'image' => '20170119031439_upper tamakoshi.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5181',
			'article_category_id' => '1',
			'title' => 'Interbank Transaction between BFIs Other than Commercial Bank Increases',
			'sub_title' => '',
			'summary' => 'January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.',
			'content' => '<p style="text-align: justify;">January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.</p>

<p style="text-align: justify;">Meanwhile, the interbank transaction of commercial banks has increased by 1.5 times. The interbank transaction which was Rs 317 billion during the first five months of the last FY has increased to Rs 486 billion in the review period of the current FY, according to the current Macroeconomic and Financial Situation of Nepal based on five months&#39; data published by NRB.</p>

<p style="text-align: justify;">From the initial period of the current FY, the interbank transactions between BFIs were in increasing trend. The government&#39;s failure to carry out capital expenditure as per its target has lead to the liquidity crisis, said the bankers. With the shortage of investable money, the banks are collecting funds by increasing interest rate of deposits.</p>

<p style="text-align: justify;">With the increase in deposit interest rate, loan interest rate has also increased resulting deterioration of investment environment, as per the entrepreneurs. &nbsp;The investors who invest by taking loans from BFIs are not willing to take risk on increasing loan interest rate.</p>

<p style="text-align: justify;">Along with the interbank transaction, weighted average interest rate of interbank transaction has also increased. According to NRB, the weighted average interest rate of interbank transaction was 2.67 per cent by the mid-December 2016. During the same period of the last FY, such interest rate was 0.82 per cent while it was 3.59 per cent by the mid-November of the current FY.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4984',
			'image' => '20170119010741_interbank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '5180',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Starts Branch at Old Baneshwor',
			'sub_title' => '',
			'summary' => 'January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16th branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs. ',
			'content' => '<p style="text-align: justify;">January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16<sup>th</sup> branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4983',
			'image' => '20170119115131_laxmi branch.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5179',
			'article_category_id' => '1',
			'title' => 'Nepal bank Appoints Civil Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.  The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56th annual general meeting.',
			'content' => '<p style="text-align: justify;">January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.</p>

<p style="text-align: justify;">The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56<sup>th</sup> annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4982',
			'image' => '20170119114700_nepal bank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5178',
			'article_category_id' => '1',
			'title' => 'Samsung to Launch Galaxy C9 Pro in Nepali Market',
			'sub_title' => '',
			'summary' => 'January 19: A South Korean multinational electronics company, Samsung is launching its new mobile phone model C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media, retailer of Samsung phone in Nepal, the company is planning to launch the mobile phone by the end of February.',
			'content' => '<p style="text-align:justify">January 19: South Korean multinational electronics company, Samsung is launching its new smartphone Samsung Galaxy C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media,&nbsp;the company is planning to launch the mobile phone by the end of February.</p>

<p style="text-align:justify">As per Khadka, the company will open advance booking for the phone from mid-February. The phone is powered by 4000mAh battery and 16MP rear&nbsp;camera with dual-LED (dual tone) flash. The phone comes with 6 GB RAM, 64 GB internal memory and Android Marshmallow operating system. The company informed that the phone will cost below Rs 60,000 in the domestic market.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4981',
			'image' => '20170119112129_samsung.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5177',
			'article_category_id' => '1',
			'title' => 'Government to Implement Exim Code  from Next FY',
			'sub_title' => '',
			'summary' => 'January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.  The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. "The mechanism is being implemented to discourage il',
			'content' => '<p style="text-align: justify;">January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.</p>

<p style="text-align: justify;">The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. &quot;The mechanism is being implemented to discourage illegal trade,&quot; said Devi Prasad Bhandari, Director of the Planning and Services Section of the Customs Department.</p>

<p style="text-align: justify;">Director Bhandari claims that the technology will further encourage legal foreign trade. He informed that the technical preparation has already been initiated for its implementation. According to the Department, registration of code will start from January 26. The exporters and importers can apply for registration through online.</p>

<p style="text-align: justify;">Although the Customs Act had already mechanised Exim Code for transparency in export and import, it is being implemented only after a decade. The Department has also interacted and collected suggestions from industrialists and entrepreneurs of major export-import hubs for its implementation. Bhandari informed that the entrepreneurs from Birgunj and Bhairahawa have been consulted for this. &quot;Series of discussions with stakeholders have been conducted for the purpose. Suggestions from the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and Trade Facilitation Centre have also been drawn,&quot; he said.</p>

<p style="text-align: justify;">The preparation to introduce it has been started with an objective of increasing revenue recovery by systematizing and updating the statistics of the exporters and importers, said one official of the Department.</p>

<p style="text-align: justify;">Director Bhandari informed that the traders who import goods worth above Rs 25,000 will have to mandatorily obtain an Exim code. However, exporters need Exim code for exports of Rs 500,000 and above. Officials claim that the enforcement of the rule will help control fake firms and revenue leakage, and also introduce price uniformity in the market.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Presently, information of import is sent to the Nepali consulate in Kolkata through the Department of Commerce after opening letter of credit ( LC),&nbsp; and the consulate sends&nbsp; it to the Indian Customs with due process , &nbsp;and this process will be automatically shortened through this new technology, said Section Officer Arjun Poudel. A separate software is being prepared for this, he said.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Director Bhandari said this arrangement is effective worldwide as it discourages fake transactions besides saving time of the exporters and importers.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4980',
			'image' => '20170118045416_customs.JPG',
			'article_date' => '2017-01-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '5176',
			'article_category_id' => '1',
			'title' => 'Inflation Cools, Economic Growth Target to be Met',
			'sub_title' => 'NRB’s Five-month Macroeconomic Report',
			'summary' => ' January 17:  The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.  In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.   According to the repo',
			'content' => '<p style="text-align: justify;">January 17: &nbsp;The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.&nbsp; In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.</p>

<p style="text-align: justify;">&nbsp;According to the report, the inflation was 11.6 percent in the last FY last and stood at 4.8 percent until October the current FY. NRB mentioned increasing of production activities in the country, ease in the supply system alongside the effective government monitoring of the market as factors attributing to the lowering of the inflation rate.</p>

<p style="text-align: justify;">Region wise, Kathmandu valley has the least inflation at 2.5 percent. &ldquo;This means that the market monitoring was effective,&rdquo; says one economist. As per the report, inflation rate in the hilly areas stood at 5.5 percent during the period while it was 3.7 percent in both mountainous regions and Terai plains.</p>

<p style="text-align: justify;">According to NRB, inflation in the food and non-food groups during the period were logged at 0.6 percent and 6.5 percent respectively. The food inflation and non-food inflation were 14.8 percent and 9.1 percent in the corresponding period of the last FY.&nbsp;</p>

<p style="text-align: justify;">&nbsp;In the current FY, the price of ghee and &nbsp;edible oil have come down by the highest 20.5 percent while it was lowest in pulses and beans at 6.6 percent.&nbsp; In fruit and food items, the prices came down by 2.4 percent and 1.1 percent respectively. However, the report points out that the inflation surged by 14.7 percent and 11.6 percent in sugar, sugar related products and alcoholic beverages respectively.&nbsp;</p>

<p style="text-align: justify;">According to NRB, the cooling of the inflation rate has also indicated that the economic growth could be attained as targeted by the budget and monetary policy of the current FY.</p>

<p style="text-align: justify;">&nbsp;The report states that targeted economic growth rate could be achieved in view of the favorable weather, improvement in energy supply and accelerating reconstruction works and steadily increasing remittance inflow. &ldquo;More than expected agricultural growth could support attaining the target of economic growth in 2017,&rdquo; NRB said in the report.&nbsp;&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4979',
			'image' => null,
			'article_date' => '2017-01-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5175',
			'article_category_id' => '1',
			'title' => 'Forward Community Microfinance's IPO through ASBA System',
			'sub_title' => '',
			'summary' => 'January 18: General investors who are interested on Forward Community Microfinance's IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.',
			'content' => '<p style="text-align: justify;">January 18: General investors who are interested on Forward Community Microfinance&#39;s IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.</p>

<p style="text-align: justify;">&quot;ASBA was supposed to be implemented from January 14, however, there was no issuance of IPO or FPO during the first week. Thus the investors will get the services for the first time in Forward Community&#39;s IPO,&quot; said Niranjan Ghimire, Joint Spokesperson of SEBON. &quot;The system will simplify, ease and hassle free the process for investors, thus, we believe the participation will be encouraging,&quot; he added.</p>

<p style="text-align: justify;">Investors can apply for Forward Community Microfinance&#39;s IPO directly through their bank accounts of SEBON approved BFIs by paying certain charges. The investors can also submit their applications for free from Nabil Investment Banking, the issue manager of the IPO, in previous manner. However, under the system, investors can easily submit their application hassle-free by paying certain fee, he said.</p>

<p style="text-align: justify;">Under the system, investors will be charged Rs 150 per application under Rs 50,000and Rs 250 per application above Rs 50,000. SEBON clarifies that the system is not mandatory for now.&nbsp;</p>
',
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			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4978',
			'image' => '20170118015128_FORWARD_Community_.jpg',
			'article_date' => '2017-01-18 00:00:00',
			'homepage' => false,
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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		'Article' => array(
			'id' => '5189',
			'article_category_id' => '1',
			'title' => 'TATA Launches 'Winter on Fire' Scheme',
			'sub_title' => '',
			'summary' => 'January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme 'Winter on Fire' will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.  Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.',
			'content' => '<p style="text-align: justify;">January 20: Indian multinational auto producer company TATA has launched a new sales scheme for Nepal. The scheme &#39;Winter on Fire&#39; will be applicable to Bolt, Storme and Zest model of TATA vehicles, informed Sipradi Trading, the authorised distributor of TATA vehicles for Nepal.</p>

<p style="text-align: justify;">Under the scheme, customers will be provided discount up to Rs 400,000 and warranty of four years. According to the company, the scheme will run for limited period.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4992',
			'image' => '20170120105842_tata.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5188',
			'article_category_id' => '1',
			'title' => 'Hyundai Exchange Camp',
			'sub_title' => '',
			'summary' => 'January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.  Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.',
			'content' => '<p style="text-align: justify;">January 20: Laxmi Intercontinental, the authorised distributor of Hyundai vehicles has organised an exchange camp.</p>

<p style="text-align: justify;">Issuing a press statement, the company informed that customers can exchange all models of Hyundai vehicles in the camp. The camp that started on Thursday, January 19 will conclude on Saturday, January 21. Other than exchange facility, various entertainment programs including test drive and win and others are also organised in the camp. One lucky participant among the participants who took part in test drive will be provided Samsung Galaxy J7 daily through a lucky draw, reads the statement.</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4991',
			'image' => '20170120104547_hyundai.jpg',
			'article_date' => '2017-01-20 00:00:00',
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			'breaking_news' => false,
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			'id' => '5187',
			'article_category_id' => '1',
			'title' => 'ADBL Employees' Association Organises Blood Donation',
			'sub_title' => '',
			'summary' => 'January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank's 50th anniversary. ',
			'content' => '<p>January 20: Agricultural Develeopment Bank Employees Association has organised a blood donation program. In the program, a total of 116 individuals donated their blood. The association organised the blood donation program on the occasion of the bank&#39;s 50<sup>th</sup> anniversary.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4990',
			'image' => '20170120103142_adbl.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5186',
			'article_category_id' => '1',
			'title' => 'Nepal SBI Bank Appoints NMB Capital as its Issue Manager',
			'sub_title' => '',
			'summary' => 'January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.  Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank. ',
			'content' => '<p style="text-align: justify;">January 20: Nepal SBI Bank has appointed NMB Capital as its issue manager. Issuing a press statement, the bank informed that it appointed the issue manager for the right share floatation to be issued in near future.</p>

<p style="text-align: justify;">Subhakanta Kanunago, Deputy CEO and Chief Operating Officer of the bank and Srijesh Ghimire, CEO of NMB Capital signed an agreement paper amid a program organised recently. The program was also attended by Anukul Bhatnagar, Managing Director and CEO of the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4989',
			'image' => '20170120103040_nepal sbi.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 4 => array(
		'Article' => array(
			'id' => '5185',
			'article_category_id' => '1',
			'title' => 'Citizens' 9.5% Interest Rate on Fixed deposits',
			'sub_title' => '',
			'summary' => 'January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank. ',
			'content' => '<p style="text-align:justify">January 20: Citizens Bank International has announced a 180 days fixed deposit scheme. Under the scheme, customers will be provided 9.5 per cent interest rate on the 180 days fixed deposit. The deposit scheme is available from all the branches of the bank, reads the statement issued by the bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-20',
			'modified' => '2017-01-20',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4988',
			'image' => '20170120101936_CITIZENS.jpg',
			'article_date' => '2017-01-20 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 5 => array(
		'Article' => array(
			'id' => '5184',
			'article_category_id' => '1',
			'title' => '"Expand 4G Countrywide within 8 months"',
			'sub_title' => '',
			'summary' => 'January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G  services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.',
			'content' => '<p>January 19: The Development Committee of the Legislature-Parliament has directed Nepal Telecom (NT) to expand 4G &nbsp;services countrywide within the next eight months. The committee on Wednesday gave directions to NT for expanding countrywide 4G services by next September.</p>

<p>NT obtained the 4G license from the Nepal Telecommunication Authority (NTA) on October 23, 2016 and has started the services in Kathmandu and Pokhara from January 1, 2017.</p>

<p>&quot;The number of customers using 4G services has reached 41,000 so far,&quot; said Kamini Rajbhandari, Managing Director of NT to the committee. &quot;NT is planning to expand the 4G services in other parts of the country as well. The processes related to the tender for the expansion of 4G services in 15 sub-metropolitan cities have been forwarded,&quot; she added.</p>

<p>The NT that has started 4G services for postpaid customers in the initial phase will be providing the services to the pre-paid customers of Kathmandu and Pokhara from February 4 on the occasion of its anniversary.</p>

<p>The Committee has directed the NT to expand the service in a new band or frequency, as large sections of customers are deprived from the services due to limited availability.</p>

<p>The Committee has also directed NTA and Ministry of Information and Communications to provide facilitation to NT for providing quality 4G service in a minimum charge possible.</p>

<p>The committee concludes that NT is focusing only on the numerical increase in the service seekers. The committee pointed out various problems of NT telephone services including the lack of accessibility, clarity, low-speed internet and difficulty in recharging. Therefore, it directed NT and NTA to solve these problems, address the complaints of customers in time and compensate if required within the next one month.</p>

<p>The committee also directed NT to forward the process of including strategic partner to increase its competitive capacity. Various discussions on implementation of previous directives given by the committee were also held in the meeting.&nbsp; &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4987',
			'image' => '20170119050324_4g.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
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	(int) 6 => array(
		'Article' => array(
			'id' => '5183',
			'article_category_id' => '1',
			'title' => 'OPPO Opens 1st Service Centre at City Center',
			'sub_title' => '',
			'summary' => 'January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.  Issuing a press statement, the company has said that the service center is aimed at providing maintenance and s',
			'content' => '<p style="text-align: justify;">January 19: The Chinese smartphone brand Oppo has opened its first customer service center at City Center, Kamalpokhari.</p>

<p style="text-align: justify;">Issuing a press statement, the company has said that the service center is aimed at providing maintenance and servicing of Oppo handsets sold in Nepal.</p>

<p style="text-align: justify;">&ldquo;Located at the shop number S10 at second floor of City Centre, the service centre will provide services to its valued customers throughout Sunday to Friday from 10 am to 6 pm,&rdquo; reads the statement. With the opening, Oppo has started a toll-free hotline number as well. The company informs that the customers can make queries and receive solutions to problems regarding their Oppo mobile phones by dialing 16600188886. &nbsp;</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4986',
			'image' => '20170119033704_oppo.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '5182',
			'article_category_id' => '1',
			'title' => 'Repair of Upper Tamakoshi Dam Resumes After 22 Months',
			'sub_title' => '',
			'summary' => 'January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.',
			'content' => '<p style="text-align: justify;">January 19: Repair of the dam area of the under construction Upper Tamakoshi Hydropower project which was destroyed by the devastating earthquake of April 25, 2015 has now started.</p>

<p style="text-align: justify;">The construction works of dam area halted due to the disruption in the access road caused by the earthquake, took a pace after the construction of the tunnel road to the project.</p>

<p style="text-align: justify;">Sino Hydro, the main civil constructor of the project re-started the construction of the dam area under Lot-1 which was completed by 90 per cent earlier, said Dr. Ganesh Neupane, Spokesperson of the Upper Tamakoshi Hydropower Project.</p>

<p style="text-align: justify;">The concreting task in the &#39;Gate Hub&#39; of the left side started under the dam construction which started with a new working schedule, said the project.</p>

<p style="text-align: justify;">Dr Neupane informed that the installation of the gate used for the dam and related technology has also started. According to him, repair of dam, de-sander basin, installation of water controlling gates and other tasks have also been started.</p>

<p style="text-align: justify;">Previously, the consultant of the project had informed that the 60 meter long and 22 meter high dam bogged down by17 centimetres during the earthquake. &quot;Lahmeyer, the consultant company of the project has suggested using grouting technology to repair the sinkholes of the dam caused by the sink,&quot; said Neupane.</p>

<p style="text-align: justify;">According to the concerned employees of the project, the project under construction in Lamabagar of Dolakha district might generate 456 MW of electricity before its new completion schedule.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4985',
			'image' => '20170119031439_upper tamakoshi.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5181',
			'article_category_id' => '1',
			'title' => 'Interbank Transaction between BFIs Other than Commercial Bank Increases',
			'sub_title' => '',
			'summary' => 'January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.',
			'content' => '<p style="text-align: justify;">January 19: In the first five months of the current FY, the interbank transaction of banks and financial institutions (BFIs) other than commercial banks has increased by four times. In the review period of the last FY, these BFIs carried out Rs 30.78 billion worth of interbank transactions whereas in the same period of the current FY, such amount is Rs 171.88 billion. It indicates of greater liquidity crisis in these BFIs than in commercial banks.</p>

<p style="text-align: justify;">Meanwhile, the interbank transaction of commercial banks has increased by 1.5 times. The interbank transaction which was Rs 317 billion during the first five months of the last FY has increased to Rs 486 billion in the review period of the current FY, according to the current Macroeconomic and Financial Situation of Nepal based on five months&#39; data published by NRB.</p>

<p style="text-align: justify;">From the initial period of the current FY, the interbank transactions between BFIs were in increasing trend. The government&#39;s failure to carry out capital expenditure as per its target has lead to the liquidity crisis, said the bankers. With the shortage of investable money, the banks are collecting funds by increasing interest rate of deposits.</p>

<p style="text-align: justify;">With the increase in deposit interest rate, loan interest rate has also increased resulting deterioration of investment environment, as per the entrepreneurs. &nbsp;The investors who invest by taking loans from BFIs are not willing to take risk on increasing loan interest rate.</p>

<p style="text-align: justify;">Along with the interbank transaction, weighted average interest rate of interbank transaction has also increased. According to NRB, the weighted average interest rate of interbank transaction was 2.67 per cent by the mid-December 2016. During the same period of the last FY, such interest rate was 0.82 per cent while it was 3.59 per cent by the mid-November of the current FY.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4984',
			'image' => '20170119010741_interbank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '5180',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Starts Branch at Old Baneshwor',
			'sub_title' => '',
			'summary' => 'January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16th branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs. ',
			'content' => '<p style="text-align: justify;">January 19: Laxmi Bank has started a new branch at Old Baneshwor of Kathmandu. The branch which was inaugurated on Wednesday, January 18 is the 16<sup>th</sup> branch of the bank. With the addition, the network of the bank has expanded to 65 branches, three extension counters and 81 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4983',
			'image' => '20170119115131_laxmi branch.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 10 => array(
		'Article' => array(
			'id' => '5179',
			'article_category_id' => '1',
			'title' => 'Nepal bank Appoints Civil Capital as Issue Manager',
			'sub_title' => '',
			'summary' => 'January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.  The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56th annual general meeting.',
			'content' => '<p style="text-align: justify;">January 19: Nepal Bank has appointed Civil Capital as its Issue Manager. Devendra Pratap Shah, CEO of Nepal Bank and Parag Bista, CEO of Civil Capital signed the agreement on behalf of their respective organisations amid a program on January 18.</p>

<p style="text-align: justify;">The bank is preparing to issue 23.74 percent right shares of its total paid-up capital as per the decision of its 56<sup>th</sup> annual general meeting.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4982',
			'image' => '20170119114700_nepal bank.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5178',
			'article_category_id' => '1',
			'title' => 'Samsung to Launch Galaxy C9 Pro in Nepali Market',
			'sub_title' => '',
			'summary' => 'January 19: A South Korean multinational electronics company, Samsung is launching its new mobile phone model C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media, retailer of Samsung phone in Nepal, the company is planning to launch the mobile phone by the end of February.',
			'content' => '<p style="text-align:justify">January 19: South Korean multinational electronics company, Samsung is launching its new smartphone Samsung Galaxy C9 Pro in the Nepali market soon. According to Geeta Khadka, Media Planning Manager of Max Media,&nbsp;the company is planning to launch the mobile phone by the end of February.</p>

<p style="text-align:justify">As per Khadka, the company will open advance booking for the phone from mid-February. The phone is powered by 4000mAh battery and 16MP rear&nbsp;camera with dual-LED (dual tone) flash. The phone comes with 6 GB RAM, 64 GB internal memory and Android Marshmallow operating system. The company informed that the phone will cost below Rs 60,000 in the domestic market.</p>
',
			'published' => true,
			'created' => '2017-01-19',
			'modified' => '2017-01-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4981',
			'image' => '20170119112129_samsung.jpg',
			'article_date' => '2017-01-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5177',
			'article_category_id' => '1',
			'title' => 'Government to Implement Exim Code  from Next FY',
			'sub_title' => '',
			'summary' => 'January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.  The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. "The mechanism is being implemented to discourage il',
			'content' => '<p style="text-align: justify;">January 18: The government is planning to implement Exim Code from next fiscal year (2017-18) in a bid to make foreign trade transparent and effective.</p>

<p style="text-align: justify;">The mechanism is being implemented from the next fiscal year starting in July to systematize the export-import trade with India and third countries. According to the Customs Department, exporters and importers will have to obtain Exim code first for their export and import. &quot;The mechanism is being implemented to discourage illegal trade,&quot; said Devi Prasad Bhandari, Director of the Planning and Services Section of the Customs Department.</p>

<p style="text-align: justify;">Director Bhandari claims that the technology will further encourage legal foreign trade. He informed that the technical preparation has already been initiated for its implementation. According to the Department, registration of code will start from January 26. The exporters and importers can apply for registration through online.</p>

<p style="text-align: justify;">Although the Customs Act had already mechanised Exim Code for transparency in export and import, it is being implemented only after a decade. The Department has also interacted and collected suggestions from industrialists and entrepreneurs of major export-import hubs for its implementation. Bhandari informed that the entrepreneurs from Birgunj and Bhairahawa have been consulted for this. &quot;Series of discussions with stakeholders have been conducted for the purpose. Suggestions from the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) and Trade Facilitation Centre have also been drawn,&quot; he said.</p>

<p style="text-align: justify;">The preparation to introduce it has been started with an objective of increasing revenue recovery by systematizing and updating the statistics of the exporters and importers, said one official of the Department.</p>

<p style="text-align: justify;">Director Bhandari informed that the traders who import goods worth above Rs 25,000 will have to mandatorily obtain an Exim code. However, exporters need Exim code for exports of Rs 500,000 and above. Officials claim that the enforcement of the rule will help control fake firms and revenue leakage, and also introduce price uniformity in the market.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Presently, information of import is sent to the Nepali consulate in Kolkata through the Department of Commerce after opening letter of credit ( LC),&nbsp; and the consulate sends&nbsp; it to the Indian Customs with due process , &nbsp;and this process will be automatically shortened through this new technology, said Section Officer Arjun Poudel. A separate software is being prepared for this, he said.&nbsp;&nbsp;</p>

<p style="text-align: justify;">Director Bhandari said this arrangement is effective worldwide as it discourages fake transactions besides saving time of the exporters and importers.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-01-18',
			'modified' => '2017-01-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4980',
			'image' => '20170118045416_customs.JPG',
			'article_date' => '2017-01-18 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '5176',
			'article_category_id' => '1',
			'title' => 'Inflation Cools, Economic Growth Target to be Met',
			'sub_title' => 'NRB’s Five-month Macroeconomic Report',
			'summary' => ' January 17:  The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.  In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.   According to the repo',
			'content' => '<p style="text-align: justify;">January 17: &nbsp;The Nepal Rastra Bank (NRB) has said that the consumer prices have cooled in the first five months of the current fiscal year 2016/17.&nbsp; In its macroeconomic update of the first five months of the current FY, the central bank has stated that the inflation rate has declined to 3.8 percent compared to the same period last FY.</p>

<p style="text-align: justify;">&nbsp;According to the report, the inflation was 11.6 percent in the last FY last and stood at 4.8 percent until October the current FY. NRB mentioned increasing of production activities in the country, ease in the supply system alongside the effective government monitoring of the market as factors attributing to the lowering of the inflation rate.</p>

<p style="text-align: justify;">Region wise, Kathmandu valley has the least inflation at 2.5 percent. &ldquo;This means that the market monitoring was effective,&rdquo; says one economist. As per the report, inflation rate in the hilly areas stood at 5.5 percent during the period while it was 3.7 percent in both mountainous regions and Terai plains.</p>

<p style="text-align: justify;">According to NRB, inflation in the food and non-food groups during the period were logged at 0.6 percent and 6.5 percent respectively. The food inflation and non-food inflation were 14.8 percent and 9.1 percent in the corresponding period of the last FY.&nbsp;</p>

<p style="text-align: justify;">&nbsp;In the current FY, the price of ghee and &nbsp;edible oil have come down by the highest 20.5 percent while it was lowest in pulses and beans at 6.6 percent.&nbsp; In fruit and food items, the prices came down by 2.4 percent and 1.1 percent respectively. However, the report points out that the inflation surged by 14.7 percent and 11.6 percent in sugar, sugar related products and alcoholic beverages respectively.&nbsp;</p>

<p style="text-align: justify;">According to NRB, the cooling of the inflation rate has also indicated that the economic growth could be attained as targeted by the budget and monetary policy of the current FY.</p>

<p style="text-align: justify;">&nbsp;The report states that targeted economic growth rate could be achieved in view of the favorable weather, improvement in energy supply and accelerating reconstruction works and steadily increasing remittance inflow. &ldquo;More than expected agricultural growth could support attaining the target of economic growth in 2017,&rdquo; NRB said in the report.&nbsp;&nbsp;</p>
',
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			'created' => '2017-01-18',
			'modified' => '2017-01-18',
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			'description' => '',
			'sortorder' => '4979',
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			'article_date' => '2017-01-18 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '5175',
			'article_category_id' => '1',
			'title' => 'Forward Community Microfinance's IPO through ASBA System',
			'sub_title' => '',
			'summary' => 'January 18: General investors who are interested on Forward Community Microfinance's IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.',
			'content' => '<p style="text-align: justify;">January 18: General investors who are interested on Forward Community Microfinance&#39;s IPO can submit their application forms from the BFIs approved for ASBA system. The microfinance will be issuing the IPO from January 22. The Securities Board of Nepal (SEBON) is implementing the ASBA system for the first time in Nepal under which investors can directly apply for IPO from their respective bank accounts. So far, SEBON has approved 30 BFIs for ASBA implementation.</p>

<p style="text-align: justify;">&quot;ASBA was supposed to be implemented from January 14, however, there was no issuance of IPO or FPO during the first week. Thus the investors will get the services for the first time in Forward Community&#39;s IPO,&quot; said Niranjan Ghimire, Joint Spokesperson of SEBON. &quot;The system will simplify, ease and hassle free the process for investors, thus, we believe the participation will be encouraging,&quot; he added.</p>

<p style="text-align: justify;">Investors can apply for Forward Community Microfinance&#39;s IPO directly through their bank accounts of SEBON approved BFIs by paying certain charges. The investors can also submit their applications for free from Nabil Investment Banking, the issue manager of the IPO, in previous manner. However, under the system, investors can easily submit their application hassle-free by paying certain fee, he said.</p>

<p style="text-align: justify;">Under the system, investors will be charged Rs 150 per application under Rs 50,000and Rs 250 per application above Rs 50,000. SEBON clarifies that the system is not mandatory for now.&nbsp;</p>
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FOREX

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)

Bullion

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

Petroleum

Petrol	1 Liter	106.00
Diesel	1 Liter	95.00
Kerosene	1 Liter	95.00
LP Gas	1 Cylinder	1375.00