Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '5127',
			'article_category_id' => '1',
			'title' => 'RMDC Endorses Dividend',
			'sub_title' => '',
			'summary' => 'January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18th annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit.  The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans. ',
			'content' => '<p style="text-align: justify;">January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18<sup>th</sup> annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit. &nbsp;The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4930',
			'image' => '20170112013043_rmdc.jpg',
			'article_date' => '2017-01-12 00:00:00',
			'homepage' => false,
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			'id' => '5126',
			'article_category_id' => '1',
			'title' => 'Jebils to Distribute 12.5% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7th annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share. ',
			'content' => '<p style="text-align: justify;">January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7<sup>th</sup> annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share.&nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4929',
			'image' => '20170112012210_jubils.jpg',
			'article_date' => '2017-01-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '5125',
			'article_category_id' => '1',
			'title' => 'Deprosc Bank in 18th year',
			'sub_title' => '',
			'summary' => 'January 12: Deprosc Laghubitta Bikash Bank has entered in 18th year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches.  ',
			'content' => '<p style="text-align: justify;">January 12: Deprosc Laghubitta Bikash Bank has entered in 18<sup>th</sup> year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches. &nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4928',
			'image' => '20170112011145_diprosc.jpg',
			'article_date' => '2017-01-12 00:00:00',
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			'id' => '5124',
			'article_category_id' => '1',
			'title' => 'Green Floormax Showroom in Kumaripati',
			'sub_title' => '',
			'summary' => 'January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.',
			'content' => '<p style="text-align: justify;">January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.</p>

<p style="text-align: justify;">The company along with a slogan &#39;Let the Customer Feel and Experience the product by themselves&#39; brought the showroom into operation. Issuing a press statement, the company informed that the showroom is not for retail sales. The green ply, a product of Green Floormax is brought to the Nepali market by IRPL International, a sister concern of Kedia Organisation.&nbsp;</p>
',
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			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4927',
			'image' => '20170111031612_floormax.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5123',
			'article_category_id' => '1',
			'title' => '27 BFIs Enter ASBA System',
			'sub_title' => '',
			'summary' => 'January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications. ',
			'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications.&nbsp;</p>

<p style="text-align: justify;"><br />
Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.&nbsp;</p>

<p style="text-align: justify;"><br />
The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.&nbsp;</p>

<p style="text-align: justify;"><br />
The board informed of receiving additional few application from the BFIs and few in the process. &quot;After thorough &nbsp;study of the applications, more BFIs will be given the approval in coming days,&quot; said Neeraj Giri, Spokesperson of the board. &nbsp;</p>

<p style="text-align: justify;"><br />
The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4926',
			'image' => '20170111025827_ASBA.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5122',
			'article_category_id' => '1',
			'title' => 'Reliance Approves 15% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7th annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches. ',
			'content' => '<p style="text-align: justify;">January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7<sup>th</sup> annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4925',
			'image' => '20170111022358_reliance.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5121',
			'article_category_id' => '1',
			'title' => 'Gorkhas Finance to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs. ',
			'content' => '<p style="text-align: justify;">January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4924',
			'image' => '20170111020137_gorkhaj.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '5120',
			'article_category_id' => '1',
			'title' => 'Regular Training for Promoters and Employees of BFI Mandatory',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Rastra Bank (NRB) has made it mandatory for ‘A’, ‘B’ and ‘C’ class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.',
			'content' => '<p style="text-align: justify;">January 11: Nepal Rastra Bank (NRB) has made it mandatory for &lsquo;A&rsquo;, &lsquo;B&rsquo; and &lsquo;C&rsquo; class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.</p>

<p style="text-align: justify;">As per the directive, BFIs are also required to conduct refreshment trainings once a year. &ldquo;BFIs should inform about the trainings to NRB,&rdquo; reads the directive.</p>

<p style="text-align: justify;">Similarly, the directive has made it mandatory for the BFIs to spend three percent of their total staff expenditure for the capacity enhancement of the employees. As per the directive, the training provider institutions, the capacity enhancement trainings should be selected on the basis of their popularity, reputation and credibility. In case if such trainings are not held due to any reasons, NRB has instructed the BFIs to spend the training budget adding the unspent money of the previous year to the next year&rsquo;s training. The central bank has directed BFIs to prepare and submit work plan to it regarding the capacity enhancement trainings.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4923',
			'image' => '20170111014407_nrb.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5119',
			'article_category_id' => '1',
			'title' => 'Ncell Honored as Largest Advertisement Tax Payer',
			'sub_title' => '',
			'summary' => 'January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday',
			'content' => '<p>January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday.&nbsp;</p>

<p><br />
Amidst a program organized by KMC Office to unveil budget plans and programs approved by 29th KMC Council meeting, Ncell was conferred with a letter of appreciation. Hitraj Pandey,Minister for Federal Affairs and Local Development and chief guest of the function conferred the appreciation letter to Ncell. The appreciation letter mentioned &lsquo; Ncell has been honored for its remarkable contribution in the development of the metropolitan city by making contribution of highest amount of advertisement tax for the fiscal year 2015/16&rsquo;. In the fiscal year 2015/16, KMC collected NPR 41.7 million advertisement tax among which one third of the contribution was by Ncell.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4922',
			'image' => '20170111013722_ncell.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5118',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches E2osportz Car in Nepal',
			'sub_title' => '',
			'summary' => 'January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra & Mahindra unveiled the car organizing a program.',
			'content' => '<p style="text-align: justify;">January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra &amp; Mahindra unveiled the car organizing a program.</p>

<p style="text-align: justify;">Issuing a press statement, the company said that a sports variant of the e2o, the car comes loaded with features like ABS, Dual Airbags, Fast charging, Rear Window Wiper and a host of connectivity features amongst others. The e2oSportz &nbsp;has an extended range of 127kms and additional storage area. The vehicle boasts of premium styling with leather seats, Blaupunkt infotainment system and steering mounted audio controls.</p>

<p style="text-align: justify;">&ldquo;I see electric mobility becoming the norm, even in Nepal and the day is not too far when electric vehicles will dominate the roads with vehicles run on fossil fuel. At Mahindra, we intend to accelerate that transformation and hence delighted to launch the e2oSportz in Nepal. With its powerful performance, exceptional safety features, I am confident that the e2oSportz will be an instant hit amongst our customers in Nepal,&rdquo; said Mahesh Babu, CEO of Mahindra Electric in the launch program.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4921',
			'image' => '20170111011558_mahindra.jpg',
			'article_date' => '2017-01-11 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' => '5117',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Bank and Nepal Red Cross Society Sign MoU for Blood Donation Camps',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Red Cross Society and NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.',
			'content' => '<p style="text-align:justify">January 11: Nepal Red Cross Society and&nbsp;NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.</p>

<p style="text-align:justify">As per the arrangements between the two institutions, NIC ASIA will bear the financial costs for organizing 100 blood donation camps. Similarly, Nepal Red Cross Society will work on the technical part of blood collection, storage and distribution for effective management of blood donations across the country. Moreover, NIC ASIA Bank and Nepal Red Cross Society will organize and conduct awareness program about blood donation and motivation programs to educate the people to donate blood, reads the statement. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4920',
			'image' => '20170111010514_nic asia.jpg',
			'article_date' => '2017-01-11 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' => '5116',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Unveils Travel Festival Offer',
			'sub_title' => '',
			'summary' => 'January 11: Qatar Airways has unveiled its 'Travel Festival 2017'. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017. ',
			'content' => '<p>January 11: Qatar Airways has unveiled its &#39;Travel Festival 2017&#39;. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017.&nbsp;</p>

<p><br />
According to the statement, the Qatar Airways Travel Festival online Treasure Hunt will also offer Qatar Airways&rsquo; millions of social media followers the opportunity of searching for a zero fare Golden Ticket to one of the airline&rsquo;s exciting global destinations, with clues being released via the airline&rsquo;s Facebook, Instagram and Twitter pages throughout the sale period.&nbsp;</p>

<p><br />
&quot;Offers available throughout the Travel Festival are applicable on business class return airfares, with a travel period between 11 January and 15 December 2017 to the more than 150 destinations worldwide, including the Middle East, Europe, the Americas and Africa,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4919',
			'image' => '20170111125403_qatar.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5115',
			'article_category_id' => '1',
			'title' => 'A record production of 5. 2 million mt',
			'sub_title' => 'Paddy production up by 22 percent',
			'summary' => 'January 10:  Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.',
			'content' => '<p style="text-align: justify;">January 10: &nbsp;Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.</p>

<p style="text-align: justify;">&nbsp;The production of paddy, maize and other crops has increased this year compared to past years, as per the preliminary statistics published by the Ministry of Agriculture Development (MoAD).</p>

<p style="text-align: justify;">According to MoAD, production of paddy this year has broken all the past records.</p>

<p style="text-align: justify;">According to the Agriculture Statistics Section, paddy production this year has reached 5.23 million metric tons increasing by 21. 66 percent compared to last year. Last year, a total of 4.29 million metric tons of paddy was produced in the country. The increase this year is by 9 hundred and 31 thousand metric tons compared to last year. &nbsp;</p>

<p style="text-align: justify;">This has been record production of paddy in the history of country. &nbsp;Although there has been improvement in production of cereals, situation is such that there is an outflow of billions of rupees annually for import of food grains. As per the statistics of the Trade and Export Promotion Centre, rice amounting to Rs 10 billion has been imported in the past four months.</p>

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

<p style="text-align: justify;">According to MoAD spokesperson Yogendra Karki, the ministry has made a preliminary projection of production of 10.4 million tons of the main food crops in until April this year. As per the Ministry statistics, Nepal needs 9.6 million tons of food grains including rice, maize, wheat and millet.</p>

<p style="text-align: justify;">The import and export of food grains for Nepal is considered obvious as the country is the member of the World Trade Organization and has adopted the free-market economy. &ldquo;However, it is a serious issue that the Nepal is importing foods grains amounting to billions of rupees despite an enormous potential of agriculture in the country,&rdquo; says Karki.</p>

<p style="text-align: justify;">Sources say usually the import of fine and fragrant rice have been increasing every year due to the rising living standards of Nepalis contributed by impact of remittances and increasing capacity of &nbsp;people to earn money.&nbsp; The Ministry claims that Nepal can be self-reliant on food grains very soon if the food habit of the Nepalis improves.</p>

<p style="text-align: justify;">This year, the production of maize has also increased and reached 2.25 million metric tons against 2.23 million metric tons last year. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">The main reasons for rise in production this year are adequate rainfall, timely transplantation, smooth supply of chemical fertilizers and hybrid seeds and improvement in agro technology, the ministry says.</p>

<p style="text-align: justify;">&nbsp;</p>
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		'Article' => array(
			'id' => '5114',
			'article_category_id' => '1',
			'title' => 'Hydropower Investment through Online Starts',
			'sub_title' => '',
			'summary' => 'January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website www.moenonline.moen.gov.np for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.',
			'content' => '<p>January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website <a href="http://www.moenonline.moen.gov.np/" target="_blank">www.moenonline.moen.gov.np</a> for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.</p>

<p>The website allows interested individuals from inside or outside the country or companies can make investment commitments on lump sum or annual basis. As per the investment commitment, the amount will be invested on storage-type or picking-run-of &ndash;river (PROR) hydropower projects that can be constructed immediately.</p>

<p>Speaking at a press conference at the ministry, Sharma informed the portal will help investors to know about the projects that will be constructed by their investments. He further added that the profit can be obtained through the invested projects.</p>

<p>Minister Sharma also unveiled the Power Purchase Agreement (PPA) rate of reservoir-based and PROR hydropower projects. The highest PPA rate has been fixed at Rs 12.40 per unit. The rate has been fixed as per the recommendation of the report prepared by a committee formed under the coordination of Joint Secretary Chiranjivi Chataut. As per the decision, storage-type hydel projects will get Rs 12.40 per unit in the dry season (January to May). Similarly, such rate will be Rs 7.10 per unit in the wet season (May to December).Meanwhile, for PROR projects will get Rs 10.55 per unit in the dry season and Rs 4.80 per unit in the dry season.&nbsp;</p>

<p>&ldquo;The fixed PPA rate will be implemented till the completion of projects to produce10, 000MW power,&rdquo; informed Sharma. According to him, after the target of 10,000MW is achieved, the rate will be revised. As per the unveiled rate, the investors interested to invest in storage-type hydel projects will get 17 percent of profit.&nbsp;</p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '4917',
			'image' => '20170110052837_online.jpg',
			'article_date' => '2017-01-10 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5113',
			'article_category_id' => '1',
			'title' => 'OPPO Honored with 2 awards by IDG',
			'sub_title' => '',
			'summary' => 'January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas’ annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.',
			'content' => '<p style="text-align: justify;">January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas&rsquo; annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.</p>

<p style="text-align: justify;">&ldquo;OPPO is extremely proud to be recognized by IDG for our commitment to bringing out innovative technologies designed to delight and inspire our users around the world,&rdquo; said Luma Lu, OPPO&rsquo;s Technology Planning Directory, who accepted the honor on the company&rsquo;s behalf. &ldquo;In 2017, we&rsquo;ll continue to commit ourselves to bringing out smartphones that meet users&rsquo; real needs and that embody our pursuit of perfection in every detail.&rdquo;</p>

<p style="text-align: justify;">&quot;OPPO F1s is being highly appreciated in Nepali market &nbsp;which is also dubbed as selfie expert. Especially known for superb selfie F1s has 16 mega pixel front and 13 mega pixel rear camera,&quot; reads the statement. The phone is equipped with 3 GB RAM and 32 GB ROM and flash fingerprint unlock feature is also available in the phone. The phone that &nbsp;supports 4G as well is priced at Rs 33,850. Along with F1s, A37 and Neo7 phone models are also available in Nepal.&nbsp;</p>
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View::_render() - CORE/Cake/View/View.php, line 933
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '5127',
			'article_category_id' => '1',
			'title' => 'RMDC Endorses Dividend',
			'sub_title' => '',
			'summary' => 'January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18th annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit.  The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans. ',
			'content' => '<p style="text-align: justify;">January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18<sup>th</sup> annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit. &nbsp;The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4930',
			'image' => '20170112013043_rmdc.jpg',
			'article_date' => '2017-01-12 00:00:00',
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		'Article' => array(
			'id' => '5126',
			'article_category_id' => '1',
			'title' => 'Jebils to Distribute 12.5% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7th annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share. ',
			'content' => '<p style="text-align: justify;">January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7<sup>th</sup> annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share.&nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4929',
			'image' => '20170112012210_jubils.jpg',
			'article_date' => '2017-01-12 00:00:00',
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			'id' => '5125',
			'article_category_id' => '1',
			'title' => 'Deprosc Bank in 18th year',
			'sub_title' => '',
			'summary' => 'January 12: Deprosc Laghubitta Bikash Bank has entered in 18th year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches.  ',
			'content' => '<p style="text-align: justify;">January 12: Deprosc Laghubitta Bikash Bank has entered in 18<sup>th</sup> year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches. &nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4928',
			'image' => '20170112011145_diprosc.jpg',
			'article_date' => '2017-01-12 00:00:00',
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		'Article' => array(
			'id' => '5124',
			'article_category_id' => '1',
			'title' => 'Green Floormax Showroom in Kumaripati',
			'sub_title' => '',
			'summary' => 'January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.',
			'content' => '<p style="text-align: justify;">January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.</p>

<p style="text-align: justify;">The company along with a slogan &#39;Let the Customer Feel and Experience the product by themselves&#39; brought the showroom into operation. Issuing a press statement, the company informed that the showroom is not for retail sales. The green ply, a product of Green Floormax is brought to the Nepali market by IRPL International, a sister concern of Kedia Organisation.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4927',
			'image' => '20170111031612_floormax.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5123',
			'article_category_id' => '1',
			'title' => '27 BFIs Enter ASBA System',
			'sub_title' => '',
			'summary' => 'January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications. ',
			'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications.&nbsp;</p>

<p style="text-align: justify;"><br />
Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.&nbsp;</p>

<p style="text-align: justify;"><br />
The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.&nbsp;</p>

<p style="text-align: justify;"><br />
The board informed of receiving additional few application from the BFIs and few in the process. &quot;After thorough &nbsp;study of the applications, more BFIs will be given the approval in coming days,&quot; said Neeraj Giri, Spokesperson of the board. &nbsp;</p>

<p style="text-align: justify;"><br />
The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-01-11',
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			'description' => '',
			'sortorder' => '4926',
			'image' => '20170111025827_ASBA.jpg',
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		'Article' => array(
			'id' => '5122',
			'article_category_id' => '1',
			'title' => 'Reliance Approves 15% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7th annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches. ',
			'content' => '<p style="text-align: justify;">January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7<sup>th</sup> annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4925',
			'image' => '20170111022358_reliance.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '5121',
			'article_category_id' => '1',
			'title' => 'Gorkhas Finance to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs. ',
			'content' => '<p style="text-align: justify;">January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4924',
			'image' => '20170111020137_gorkhaj.jpg',
			'article_date' => '2017-01-11 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '5120',
			'article_category_id' => '1',
			'title' => 'Regular Training for Promoters and Employees of BFI Mandatory',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Rastra Bank (NRB) has made it mandatory for ‘A’, ‘B’ and ‘C’ class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.',
			'content' => '<p style="text-align: justify;">January 11: Nepal Rastra Bank (NRB) has made it mandatory for &lsquo;A&rsquo;, &lsquo;B&rsquo; and &lsquo;C&rsquo; class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.</p>

<p style="text-align: justify;">As per the directive, BFIs are also required to conduct refreshment trainings once a year. &ldquo;BFIs should inform about the trainings to NRB,&rdquo; reads the directive.</p>

<p style="text-align: justify;">Similarly, the directive has made it mandatory for the BFIs to spend three percent of their total staff expenditure for the capacity enhancement of the employees. As per the directive, the training provider institutions, the capacity enhancement trainings should be selected on the basis of their popularity, reputation and credibility. In case if such trainings are not held due to any reasons, NRB has instructed the BFIs to spend the training budget adding the unspent money of the previous year to the next year&rsquo;s training. The central bank has directed BFIs to prepare and submit work plan to it regarding the capacity enhancement trainings.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4923',
			'image' => '20170111014407_nrb.jpg',
			'article_date' => '2017-01-11 00:00:00',
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		'Article' => array(
			'id' => '5119',
			'article_category_id' => '1',
			'title' => 'Ncell Honored as Largest Advertisement Tax Payer',
			'sub_title' => '',
			'summary' => 'January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday',
			'content' => '<p>January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday.&nbsp;</p>

<p><br />
Amidst a program organized by KMC Office to unveil budget plans and programs approved by 29th KMC Council meeting, Ncell was conferred with a letter of appreciation. Hitraj Pandey,Minister for Federal Affairs and Local Development and chief guest of the function conferred the appreciation letter to Ncell. The appreciation letter mentioned &lsquo; Ncell has been honored for its remarkable contribution in the development of the metropolitan city by making contribution of highest amount of advertisement tax for the fiscal year 2015/16&rsquo;. In the fiscal year 2015/16, KMC collected NPR 41.7 million advertisement tax among which one third of the contribution was by Ncell.&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4922',
			'image' => '20170111013722_ncell.jpg',
			'article_date' => '2017-01-11 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '5118',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches E2osportz Car in Nepal',
			'sub_title' => '',
			'summary' => 'January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra & Mahindra unveiled the car organizing a program.',
			'content' => '<p style="text-align: justify;">January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra &amp; Mahindra unveiled the car organizing a program.</p>

<p style="text-align: justify;">Issuing a press statement, the company said that a sports variant of the e2o, the car comes loaded with features like ABS, Dual Airbags, Fast charging, Rear Window Wiper and a host of connectivity features amongst others. The e2oSportz &nbsp;has an extended range of 127kms and additional storage area. The vehicle boasts of premium styling with leather seats, Blaupunkt infotainment system and steering mounted audio controls.</p>

<p style="text-align: justify;">&ldquo;I see electric mobility becoming the norm, even in Nepal and the day is not too far when electric vehicles will dominate the roads with vehicles run on fossil fuel. At Mahindra, we intend to accelerate that transformation and hence delighted to launch the e2oSportz in Nepal. With its powerful performance, exceptional safety features, I am confident that the e2oSportz will be an instant hit amongst our customers in Nepal,&rdquo; said Mahesh Babu, CEO of Mahindra Electric in the launch program.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4921',
			'image' => '20170111011558_mahindra.jpg',
			'article_date' => '2017-01-11 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '5117',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Bank and Nepal Red Cross Society Sign MoU for Blood Donation Camps',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Red Cross Society and NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.',
			'content' => '<p style="text-align:justify">January 11: Nepal Red Cross Society and&nbsp;NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.</p>

<p style="text-align:justify">As per the arrangements between the two institutions, NIC ASIA will bear the financial costs for organizing 100 blood donation camps. Similarly, Nepal Red Cross Society will work on the technical part of blood collection, storage and distribution for effective management of blood donations across the country. Moreover, NIC ASIA Bank and Nepal Red Cross Society will organize and conduct awareness program about blood donation and motivation programs to educate the people to donate blood, reads the statement. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4920',
			'image' => '20170111010514_nic asia.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '5116',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Unveils Travel Festival Offer',
			'sub_title' => '',
			'summary' => 'January 11: Qatar Airways has unveiled its 'Travel Festival 2017'. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017. ',
			'content' => '<p>January 11: Qatar Airways has unveiled its &#39;Travel Festival 2017&#39;. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017.&nbsp;</p>

<p><br />
According to the statement, the Qatar Airways Travel Festival online Treasure Hunt will also offer Qatar Airways&rsquo; millions of social media followers the opportunity of searching for a zero fare Golden Ticket to one of the airline&rsquo;s exciting global destinations, with clues being released via the airline&rsquo;s Facebook, Instagram and Twitter pages throughout the sale period.&nbsp;</p>

<p><br />
&quot;Offers available throughout the Travel Festival are applicable on business class return airfares, with a travel period between 11 January and 15 December 2017 to the more than 150 destinations worldwide, including the Middle East, Europe, the Americas and Africa,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4919',
			'image' => '20170111125403_qatar.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5115',
			'article_category_id' => '1',
			'title' => 'A record production of 5. 2 million mt',
			'sub_title' => 'Paddy production up by 22 percent',
			'summary' => 'January 10:  Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.',
			'content' => '<p style="text-align: justify;">January 10: &nbsp;Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.</p>

<p style="text-align: justify;">&nbsp;The production of paddy, maize and other crops has increased this year compared to past years, as per the preliminary statistics published by the Ministry of Agriculture Development (MoAD).</p>

<p style="text-align: justify;">According to MoAD, production of paddy this year has broken all the past records.</p>

<p style="text-align: justify;">According to the Agriculture Statistics Section, paddy production this year has reached 5.23 million metric tons increasing by 21. 66 percent compared to last year. Last year, a total of 4.29 million metric tons of paddy was produced in the country. The increase this year is by 9 hundred and 31 thousand metric tons compared to last year. &nbsp;</p>

<p style="text-align: justify;">This has been record production of paddy in the history of country. &nbsp;Although there has been improvement in production of cereals, situation is such that there is an outflow of billions of rupees annually for import of food grains. As per the statistics of the Trade and Export Promotion Centre, rice amounting to Rs 10 billion has been imported in the past four months.</p>

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

<p style="text-align: justify;">According to MoAD spokesperson Yogendra Karki, the ministry has made a preliminary projection of production of 10.4 million tons of the main food crops in until April this year. As per the Ministry statistics, Nepal needs 9.6 million tons of food grains including rice, maize, wheat and millet.</p>

<p style="text-align: justify;">The import and export of food grains for Nepal is considered obvious as the country is the member of the World Trade Organization and has adopted the free-market economy. &ldquo;However, it is a serious issue that the Nepal is importing foods grains amounting to billions of rupees despite an enormous potential of agriculture in the country,&rdquo; says Karki.</p>

<p style="text-align: justify;">Sources say usually the import of fine and fragrant rice have been increasing every year due to the rising living standards of Nepalis contributed by impact of remittances and increasing capacity of &nbsp;people to earn money.&nbsp; The Ministry claims that Nepal can be self-reliant on food grains very soon if the food habit of the Nepalis improves.</p>

<p style="text-align: justify;">This year, the production of maize has also increased and reached 2.25 million metric tons against 2.23 million metric tons last year. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">The main reasons for rise in production this year are adequate rainfall, timely transplantation, smooth supply of chemical fertilizers and hybrid seeds and improvement in agro technology, the ministry says.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2017-01-10',
			'modified' => '2017-01-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4918',
			'image' => '20170110055102_paddy.jpg',
			'article_date' => '2017-01-10 00:00:00',
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		'Article' => array(
			'id' => '5114',
			'article_category_id' => '1',
			'title' => 'Hydropower Investment through Online Starts',
			'sub_title' => '',
			'summary' => 'January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website www.moenonline.moen.gov.np for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.',
			'content' => '<p>January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website <a href="http://www.moenonline.moen.gov.np/" target="_blank">www.moenonline.moen.gov.np</a> for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.</p>

<p>The website allows interested individuals from inside or outside the country or companies can make investment commitments on lump sum or annual basis. As per the investment commitment, the amount will be invested on storage-type or picking-run-of &ndash;river (PROR) hydropower projects that can be constructed immediately.</p>

<p>Speaking at a press conference at the ministry, Sharma informed the portal will help investors to know about the projects that will be constructed by their investments. He further added that the profit can be obtained through the invested projects.</p>

<p>Minister Sharma also unveiled the Power Purchase Agreement (PPA) rate of reservoir-based and PROR hydropower projects. The highest PPA rate has been fixed at Rs 12.40 per unit. The rate has been fixed as per the recommendation of the report prepared by a committee formed under the coordination of Joint Secretary Chiranjivi Chataut. As per the decision, storage-type hydel projects will get Rs 12.40 per unit in the dry season (January to May). Similarly, such rate will be Rs 7.10 per unit in the wet season (May to December).Meanwhile, for PROR projects will get Rs 10.55 per unit in the dry season and Rs 4.80 per unit in the dry season.&nbsp;</p>

<p>&ldquo;The fixed PPA rate will be implemented till the completion of projects to produce10, 000MW power,&rdquo; informed Sharma. According to him, after the target of 10,000MW is achieved, the rate will be revised. As per the unveiled rate, the investors interested to invest in storage-type hydel projects will get 17 percent of profit.&nbsp;</p>
',
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			'created' => '2017-01-10',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4917',
			'image' => '20170110052837_online.jpg',
			'article_date' => '2017-01-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '5113',
			'article_category_id' => '1',
			'title' => 'OPPO Honored with 2 awards by IDG',
			'sub_title' => '',
			'summary' => 'January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas’ annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.',
			'content' => '<p style="text-align: justify;">January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas&rsquo; annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.</p>

<p style="text-align: justify;">&ldquo;OPPO is extremely proud to be recognized by IDG for our commitment to bringing out innovative technologies designed to delight and inspire our users around the world,&rdquo; said Luma Lu, OPPO&rsquo;s Technology Planning Directory, who accepted the honor on the company&rsquo;s behalf. &ldquo;In 2017, we&rsquo;ll continue to commit ourselves to bringing out smartphones that meet users&rsquo; real needs and that embody our pursuit of perfection in every detail.&rdquo;</p>

<p style="text-align: justify;">&quot;OPPO F1s is being highly appreciated in Nepali market &nbsp;which is also dubbed as selfie expert. Especially known for superb selfie F1s has 16 mega pixel front and 13 mega pixel rear camera,&quot; reads the statement. The phone is equipped with 3 GB RAM and 32 GB ROM and flash fingerprint unlock feature is also available in the phone. The phone that &nbsp;supports 4G as well is priced at Rs 33,850. Along with F1s, A37 and Neo7 phone models are also available in Nepal.&nbsp;</p>
',
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			'sortorder' => '4916',
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			'homepage' => false,
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
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		'Article' => array(
			'id' => '5127',
			'article_category_id' => '1',
			'title' => 'RMDC Endorses Dividend',
			'sub_title' => '',
			'summary' => 'January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18th annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit.  The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans. ',
			'content' => '<p style="text-align: justify;">January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18<sup>th</sup> annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit. &nbsp;The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans.&nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4930',
			'image' => '20170112013043_rmdc.jpg',
			'article_date' => '2017-01-12 00:00:00',
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			'id' => '5126',
			'article_category_id' => '1',
			'title' => 'Jebils to Distribute 12.5% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7th annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share. ',
			'content' => '<p style="text-align: justify;">January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7<sup>th</sup> annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share.&nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4929',
			'image' => '20170112012210_jubils.jpg',
			'article_date' => '2017-01-12 00:00:00',
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			'id' => '5125',
			'article_category_id' => '1',
			'title' => 'Deprosc Bank in 18th year',
			'sub_title' => '',
			'summary' => 'January 12: Deprosc Laghubitta Bikash Bank has entered in 18th year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches.  ',
			'content' => '<p style="text-align: justify;">January 12: Deprosc Laghubitta Bikash Bank has entered in 18<sup>th</sup> year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches. &nbsp;</p>
',
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			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4928',
			'image' => '20170112011145_diprosc.jpg',
			'article_date' => '2017-01-12 00:00:00',
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			'id' => '5124',
			'article_category_id' => '1',
			'title' => 'Green Floormax Showroom in Kumaripati',
			'sub_title' => '',
			'summary' => 'January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.',
			'content' => '<p style="text-align: justify;">January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.</p>

<p style="text-align: justify;">The company along with a slogan &#39;Let the Customer Feel and Experience the product by themselves&#39; brought the showroom into operation. Issuing a press statement, the company informed that the showroom is not for retail sales. The green ply, a product of Green Floormax is brought to the Nepali market by IRPL International, a sister concern of Kedia Organisation.&nbsp;</p>
',
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			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4927',
			'image' => '20170111031612_floormax.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '5123',
			'article_category_id' => '1',
			'title' => '27 BFIs Enter ASBA System',
			'sub_title' => '',
			'summary' => 'January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications. ',
			'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications.&nbsp;</p>

<p style="text-align: justify;"><br />
Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.&nbsp;</p>

<p style="text-align: justify;"><br />
The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.&nbsp;</p>

<p style="text-align: justify;"><br />
The board informed of receiving additional few application from the BFIs and few in the process. &quot;After thorough &nbsp;study of the applications, more BFIs will be given the approval in coming days,&quot; said Neeraj Giri, Spokesperson of the board. &nbsp;</p>

<p style="text-align: justify;"><br />
The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. &nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4926',
			'image' => '20170111025827_ASBA.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 5 => array(
		'Article' => array(
			'id' => '5122',
			'article_category_id' => '1',
			'title' => 'Reliance Approves 15% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7th annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches. ',
			'content' => '<p style="text-align: justify;">January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7<sup>th</sup> annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4925',
			'image' => '20170111022358_reliance.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '5121',
			'article_category_id' => '1',
			'title' => 'Gorkhas Finance to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs. ',
			'content' => '<p style="text-align: justify;">January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4924',
			'image' => '20170111020137_gorkhaj.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 7 => array(
		'Article' => array(
			'id' => '5120',
			'article_category_id' => '1',
			'title' => 'Regular Training for Promoters and Employees of BFI Mandatory',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Rastra Bank (NRB) has made it mandatory for ‘A’, ‘B’ and ‘C’ class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.',
			'content' => '<p style="text-align: justify;">January 11: Nepal Rastra Bank (NRB) has made it mandatory for &lsquo;A&rsquo;, &lsquo;B&rsquo; and &lsquo;C&rsquo; class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.</p>

<p style="text-align: justify;">As per the directive, BFIs are also required to conduct refreshment trainings once a year. &ldquo;BFIs should inform about the trainings to NRB,&rdquo; reads the directive.</p>

<p style="text-align: justify;">Similarly, the directive has made it mandatory for the BFIs to spend three percent of their total staff expenditure for the capacity enhancement of the employees. As per the directive, the training provider institutions, the capacity enhancement trainings should be selected on the basis of their popularity, reputation and credibility. In case if such trainings are not held due to any reasons, NRB has instructed the BFIs to spend the training budget adding the unspent money of the previous year to the next year&rsquo;s training. The central bank has directed BFIs to prepare and submit work plan to it regarding the capacity enhancement trainings.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4923',
			'image' => '20170111014407_nrb.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '5119',
			'article_category_id' => '1',
			'title' => 'Ncell Honored as Largest Advertisement Tax Payer',
			'sub_title' => '',
			'summary' => 'January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday',
			'content' => '<p>January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday.&nbsp;</p>

<p><br />
Amidst a program organized by KMC Office to unveil budget plans and programs approved by 29th KMC Council meeting, Ncell was conferred with a letter of appreciation. Hitraj Pandey,Minister for Federal Affairs and Local Development and chief guest of the function conferred the appreciation letter to Ncell. The appreciation letter mentioned &lsquo; Ncell has been honored for its remarkable contribution in the development of the metropolitan city by making contribution of highest amount of advertisement tax for the fiscal year 2015/16&rsquo;. In the fiscal year 2015/16, KMC collected NPR 41.7 million advertisement tax among which one third of the contribution was by Ncell.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4922',
			'image' => '20170111013722_ncell.jpg',
			'article_date' => '2017-01-11 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' => '5118',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches E2osportz Car in Nepal',
			'sub_title' => '',
			'summary' => 'January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra & Mahindra unveiled the car organizing a program.',
			'content' => '<p style="text-align: justify;">January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra &amp; Mahindra unveiled the car organizing a program.</p>

<p style="text-align: justify;">Issuing a press statement, the company said that a sports variant of the e2o, the car comes loaded with features like ABS, Dual Airbags, Fast charging, Rear Window Wiper and a host of connectivity features amongst others. The e2oSportz &nbsp;has an extended range of 127kms and additional storage area. The vehicle boasts of premium styling with leather seats, Blaupunkt infotainment system and steering mounted audio controls.</p>

<p style="text-align: justify;">&ldquo;I see electric mobility becoming the norm, even in Nepal and the day is not too far when electric vehicles will dominate the roads with vehicles run on fossil fuel. At Mahindra, we intend to accelerate that transformation and hence delighted to launch the e2oSportz in Nepal. With its powerful performance, exceptional safety features, I am confident that the e2oSportz will be an instant hit amongst our customers in Nepal,&rdquo; said Mahesh Babu, CEO of Mahindra Electric in the launch program.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4921',
			'image' => '20170111011558_mahindra.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '5117',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Bank and Nepal Red Cross Society Sign MoU for Blood Donation Camps',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Red Cross Society and NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.',
			'content' => '<p style="text-align:justify">January 11: Nepal Red Cross Society and&nbsp;NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.</p>

<p style="text-align:justify">As per the arrangements between the two institutions, NIC ASIA will bear the financial costs for organizing 100 blood donation camps. Similarly, Nepal Red Cross Society will work on the technical part of blood collection, storage and distribution for effective management of blood donations across the country. Moreover, NIC ASIA Bank and Nepal Red Cross Society will organize and conduct awareness program about blood donation and motivation programs to educate the people to donate blood, reads the statement. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4920',
			'image' => '20170111010514_nic asia.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '5116',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Unveils Travel Festival Offer',
			'sub_title' => '',
			'summary' => 'January 11: Qatar Airways has unveiled its 'Travel Festival 2017'. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017. ',
			'content' => '<p>January 11: Qatar Airways has unveiled its &#39;Travel Festival 2017&#39;. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017.&nbsp;</p>

<p><br />
According to the statement, the Qatar Airways Travel Festival online Treasure Hunt will also offer Qatar Airways&rsquo; millions of social media followers the opportunity of searching for a zero fare Golden Ticket to one of the airline&rsquo;s exciting global destinations, with clues being released via the airline&rsquo;s Facebook, Instagram and Twitter pages throughout the sale period.&nbsp;</p>

<p><br />
&quot;Offers available throughout the Travel Festival are applicable on business class return airfares, with a travel period between 11 January and 15 December 2017 to the more than 150 destinations worldwide, including the Middle East, Europe, the Americas and Africa,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4919',
			'image' => '20170111125403_qatar.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '5115',
			'article_category_id' => '1',
			'title' => 'A record production of 5. 2 million mt',
			'sub_title' => 'Paddy production up by 22 percent',
			'summary' => 'January 10:  Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.',
			'content' => '<p style="text-align: justify;">January 10: &nbsp;Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.</p>

<p style="text-align: justify;">&nbsp;The production of paddy, maize and other crops has increased this year compared to past years, as per the preliminary statistics published by the Ministry of Agriculture Development (MoAD).</p>

<p style="text-align: justify;">According to MoAD, production of paddy this year has broken all the past records.</p>

<p style="text-align: justify;">According to the Agriculture Statistics Section, paddy production this year has reached 5.23 million metric tons increasing by 21. 66 percent compared to last year. Last year, a total of 4.29 million metric tons of paddy was produced in the country. The increase this year is by 9 hundred and 31 thousand metric tons compared to last year. &nbsp;</p>

<p style="text-align: justify;">This has been record production of paddy in the history of country. &nbsp;Although there has been improvement in production of cereals, situation is such that there is an outflow of billions of rupees annually for import of food grains. As per the statistics of the Trade and Export Promotion Centre, rice amounting to Rs 10 billion has been imported in the past four months.</p>

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

<p style="text-align: justify;">According to MoAD spokesperson Yogendra Karki, the ministry has made a preliminary projection of production of 10.4 million tons of the main food crops in until April this year. As per the Ministry statistics, Nepal needs 9.6 million tons of food grains including rice, maize, wheat and millet.</p>

<p style="text-align: justify;">The import and export of food grains for Nepal is considered obvious as the country is the member of the World Trade Organization and has adopted the free-market economy. &ldquo;However, it is a serious issue that the Nepal is importing foods grains amounting to billions of rupees despite an enormous potential of agriculture in the country,&rdquo; says Karki.</p>

<p style="text-align: justify;">Sources say usually the import of fine and fragrant rice have been increasing every year due to the rising living standards of Nepalis contributed by impact of remittances and increasing capacity of &nbsp;people to earn money.&nbsp; The Ministry claims that Nepal can be self-reliant on food grains very soon if the food habit of the Nepalis improves.</p>

<p style="text-align: justify;">This year, the production of maize has also increased and reached 2.25 million metric tons against 2.23 million metric tons last year. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">The main reasons for rise in production this year are adequate rainfall, timely transplantation, smooth supply of chemical fertilizers and hybrid seeds and improvement in agro technology, the ministry says.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-10',
			'modified' => '2017-01-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4918',
			'image' => '20170110055102_paddy.jpg',
			'article_date' => '2017-01-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 13 => array(
		'Article' => array(
			'id' => '5114',
			'article_category_id' => '1',
			'title' => 'Hydropower Investment through Online Starts',
			'sub_title' => '',
			'summary' => 'January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website www.moenonline.moen.gov.np for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.',
			'content' => '<p>January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website <a href="http://www.moenonline.moen.gov.np/" target="_blank">www.moenonline.moen.gov.np</a> for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.</p>

<p>The website allows interested individuals from inside or outside the country or companies can make investment commitments on lump sum or annual basis. As per the investment commitment, the amount will be invested on storage-type or picking-run-of &ndash;river (PROR) hydropower projects that can be constructed immediately.</p>

<p>Speaking at a press conference at the ministry, Sharma informed the portal will help investors to know about the projects that will be constructed by their investments. He further added that the profit can be obtained through the invested projects.</p>

<p>Minister Sharma also unveiled the Power Purchase Agreement (PPA) rate of reservoir-based and PROR hydropower projects. The highest PPA rate has been fixed at Rs 12.40 per unit. The rate has been fixed as per the recommendation of the report prepared by a committee formed under the coordination of Joint Secretary Chiranjivi Chataut. As per the decision, storage-type hydel projects will get Rs 12.40 per unit in the dry season (January to May). Similarly, such rate will be Rs 7.10 per unit in the wet season (May to December).Meanwhile, for PROR projects will get Rs 10.55 per unit in the dry season and Rs 4.80 per unit in the dry season.&nbsp;</p>

<p>&ldquo;The fixed PPA rate will be implemented till the completion of projects to produce10, 000MW power,&rdquo; informed Sharma. According to him, after the target of 10,000MW is achieved, the rate will be revised. As per the unveiled rate, the investors interested to invest in storage-type hydel projects will get 17 percent of profit.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-10',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4917',
			'image' => '20170110052837_online.jpg',
			'article_date' => '2017-01-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '5113',
			'article_category_id' => '1',
			'title' => 'OPPO Honored with 2 awards by IDG',
			'sub_title' => '',
			'summary' => 'January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas’ annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.',
			'content' => '<p style="text-align: justify;">January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas&rsquo; annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.</p>

<p style="text-align: justify;">&ldquo;OPPO is extremely proud to be recognized by IDG for our commitment to bringing out innovative technologies designed to delight and inspire our users around the world,&rdquo; said Luma Lu, OPPO&rsquo;s Technology Planning Directory, who accepted the honor on the company&rsquo;s behalf. &ldquo;In 2017, we&rsquo;ll continue to commit ourselves to bringing out smartphones that meet users&rsquo; real needs and that embody our pursuit of perfection in every detail.&rdquo;</p>

<p style="text-align: justify;">&quot;OPPO F1s is being highly appreciated in Nepali market &nbsp;which is also dubbed as selfie expert. Especially known for superb selfie F1s has 16 mega pixel front and 13 mega pixel rear camera,&quot; reads the statement. The phone is equipped with 3 GB RAM and 32 GB ROM and flash fingerprint unlock feature is also available in the phone. The phone that &nbsp;supports 4G as well is priced at Rs 33,850. Along with F1s, A37 and Neo7 phone models are also available in Nepal.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-10',
			'modified' => '2017-01-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4916',
			'image' => '20170110052529_oppo.jpg',
			'article_date' => '2017-01-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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		'Article' => array(
			'id' => '5127',
			'article_category_id' => '1',
			'title' => 'RMDC Endorses Dividend',
			'sub_title' => '',
			'summary' => 'January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18th annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit.  The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans. ',
			'content' => '<p style="text-align: justify;">January 12: Rural Microfinance Development Centre (RMDC) is providing bonus share and cash dividend to its shareholders. The 18<sup>th</sup> annual general meeting of the company held on January 11 endorsed a proposal of distributing 10 per cent bonus share and 10 per cent cash dividend to its shareholders. In the AGM, Gorakh Rana, Chairman of the company presented the annual report, balance sheet, profit and loss account and cash flow of the FY 2072/73. During the review period, the company earned Rs 266.7million operating profit. &nbsp;The company with the paid-up capital of Rs 690.2 million extended Rs 17.26 billion loans.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4930',
			'image' => '20170112013043_rmdc.jpg',
			'article_date' => '2017-01-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '5126',
			'article_category_id' => '1',
			'title' => 'Jebils to Distribute 12.5% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7th annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share. ',
			'content' => '<p style="text-align: justify;">January 12: Jebils Finance is providing 12.5 per cent bonus share and 0.66 per cent cash dividend. The 7<sup>th</sup> annual general meeting of the finance held on January 11 approved a proposal of distributing the bonus share to its shareholders. In the AGM, Binod Manandhar, Chairman of the finance company presented the annual report of the FY 2072/73. During the period, the company collected Rs 972 million deposits and extended Rs 949.2 million loans. Similarly, the company earned Rs 43 million net profit during the period. Moreover, the company will be floating 1:1 right shares of the paid-up capital maintained after distribution of bonus share.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4929',
			'image' => '20170112012210_jubils.jpg',
			'article_date' => '2017-01-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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			'id' => '5125',
			'article_category_id' => '1',
			'title' => 'Deprosc Bank in 18th year',
			'sub_title' => '',
			'summary' => 'January 12: Deprosc Laghubitta Bikash Bank has entered in 18th year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches.  ',
			'content' => '<p style="text-align: justify;">January 12: Deprosc Laghubitta Bikash Bank has entered in 18<sup>th</sup> year of operation. The bank handed over cupboards and books to Kalika Secondary School for establishing a library on the occasion of its anniversary. Sharada Prasad Kattle, CEO of the bank handed over the merchandise amid a program on January 11. The Laghubitta Bikash Bank established from the investment of Nabil, Agriculture Development, Nepal Bank, Bikash Aayojana Sewa Kendra, Lumbini Finance and Leasing Company is providing microfinance services to 54 districts through 78 branches. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-12',
			'modified' => '2017-01-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4928',
			'image' => '20170112011145_diprosc.jpg',
			'article_date' => '2017-01-12 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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		'Article' => array(
			'id' => '5124',
			'article_category_id' => '1',
			'title' => 'Green Floormax Showroom in Kumaripati',
			'sub_title' => '',
			'summary' => 'January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.',
			'content' => '<p style="text-align: justify;">January 11: Indian flooring brand Green Floormax has started a showroom at Kumaripati of Lalitpur. Anil Kedia, Chairman of Kedia Organisation and Aayush Kedi of RIPL international jointly inaugurated the showroom amid a program.</p>

<p style="text-align: justify;">The company along with a slogan &#39;Let the Customer Feel and Experience the product by themselves&#39; brought the showroom into operation. Issuing a press statement, the company informed that the showroom is not for retail sales. The green ply, a product of Green Floormax is brought to the Nepali market by IRPL International, a sister concern of Kedia Organisation.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4927',
			'image' => '20170111031612_floormax.jpg',
			'article_date' => '2017-01-11 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' => '5123',
			'article_category_id' => '1',
			'title' => '27 BFIs Enter ASBA System',
			'sub_title' => '',
			'summary' => 'January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications. ',
			'content' => '<p style="text-align: justify;">January 11: Securities Board of Nepal (SEBON) has approved 27 banks and financial institutions (BFIs) to implement ASBA (Application Supported by Blocked Amount) system. The board has also requested other BFIs meeting the criteria for ASBA implementation to submit applications.&nbsp;</p>

<p style="text-align: justify;"><br />
Under the ASBA system, general investors can apply for initial public offering (IPO) directly through their bank accounts and an IPO applicant&#39;s account doesn&#39;t get debited until shares are allotted to them. Moreover, ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue.&nbsp;</p>

<p style="text-align: justify;"><br />
The BFIs that were granted approval from SEBON for ASBA includes 18 commercial banks and 9 development banks. SEBON is planning to implement ASBA through all the BFIs so that to provide easy services to the customers.&nbsp;</p>

<p style="text-align: justify;"><br />
The board informed of receiving additional few application from the BFIs and few in the process. &quot;After thorough &nbsp;study of the applications, more BFIs will be given the approval in coming days,&quot; said Neeraj Giri, Spokesperson of the board. &nbsp;</p>

<p style="text-align: justify;"><br />
The ASBA system is being implemented in order to make the securities issuance faster and transparent providing ease to general investors while trading securities. According to the board, the system will not be made mandatory but optional in its initial phase. &nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4926',
			'image' => '20170111025827_ASBA.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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		'Article' => array(
			'id' => '5122',
			'article_category_id' => '1',
			'title' => 'Reliance Approves 15% Bonus Share',
			'sub_title' => '',
			'summary' => 'January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7th annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches. ',
			'content' => '<p style="text-align: justify;">January 11: Reliance Finance is distributing 15 per cent bonus share to its shareholders. The 7<sup>th</sup> annual general meeting of the finance held on January 10 approved a proposal of distributing 15 per cent bonus share to the shareholders. The finance earned Rs 86.5 million net profit during the FY 2072/73, said Dharmendra Kaji Shrestha, Chairman of the finance. The finance company having paid-up capital of Rs 445.7 million is providing its services through four branches.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4925',
			'image' => '20170111022358_reliance.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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		'Article' => array(
			'id' => '5121',
			'article_category_id' => '1',
			'title' => 'Gorkhas Finance to Issue 2:1 Right Shares',
			'sub_title' => '',
			'summary' => 'January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs. ',
			'content' => '<p style="text-align: justify;">January 11: Gorkhas Finance is issuing 2:1 right shares. The 22th annual general meeting of the company held on January 10 took the decision. Moreover, the AGM unanimously elected Mahendra Lal Rai, Prem Bahadur Khapung, Yadav Chandra Rai and Chok Bahadur Magar as directors from promoter side. Similarly, Birendra Bikram Limbu, Raj Gobinda Rajkarnikar and Rajendra Kumar Rai were unanimously elected as directors from general shareholders side. Presently, the finance is providing its services through 10 branches and 4 ATMs.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4924',
			'image' => '20170111020137_gorkhaj.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 7 => array(
		'Article' => array(
			'id' => '5120',
			'article_category_id' => '1',
			'title' => 'Regular Training for Promoters and Employees of BFI Mandatory',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Rastra Bank (NRB) has made it mandatory for ‘A’, ‘B’ and ‘C’ class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.',
			'content' => '<p style="text-align: justify;">January 11: Nepal Rastra Bank (NRB) has made it mandatory for &lsquo;A&rsquo;, &lsquo;B&rsquo; and &lsquo;C&rsquo; class BFIs to provide orientation to newly appointed promoters on different subject matters within a month of their appointment or selection. Issuing a directive on January 1, NRB stated that concerned BFIs need to include their structure, nature of business, corporate governance, business plans, duties and responsibilities of the directors, risk management strategies and directives issued by NRB on the orientation. The central bank issued the directive according to the Article 79 of NRB Act, 2002.</p>

<p style="text-align: justify;">As per the directive, BFIs are also required to conduct refreshment trainings once a year. &ldquo;BFIs should inform about the trainings to NRB,&rdquo; reads the directive.</p>

<p style="text-align: justify;">Similarly, the directive has made it mandatory for the BFIs to spend three percent of their total staff expenditure for the capacity enhancement of the employees. As per the directive, the training provider institutions, the capacity enhancement trainings should be selected on the basis of their popularity, reputation and credibility. In case if such trainings are not held due to any reasons, NRB has instructed the BFIs to spend the training budget adding the unspent money of the previous year to the next year&rsquo;s training. The central bank has directed BFIs to prepare and submit work plan to it regarding the capacity enhancement trainings.&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4923',
			'image' => '20170111014407_nrb.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '5119',
			'article_category_id' => '1',
			'title' => 'Ncell Honored as Largest Advertisement Tax Payer',
			'sub_title' => '',
			'summary' => 'January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday',
			'content' => '<p>January 11: The Kathmandu Metropolitan City (KMC) has honored Ncell for contributing highest amount of advertisement tax in the last FY 2015/16. KMC honored Ncell with this felicitation amidst a program organized by KMC Office on Monday.&nbsp;</p>

<p><br />
Amidst a program organized by KMC Office to unveil budget plans and programs approved by 29th KMC Council meeting, Ncell was conferred with a letter of appreciation. Hitraj Pandey,Minister for Federal Affairs and Local Development and chief guest of the function conferred the appreciation letter to Ncell. The appreciation letter mentioned &lsquo; Ncell has been honored for its remarkable contribution in the development of the metropolitan city by making contribution of highest amount of advertisement tax for the fiscal year 2015/16&rsquo;. In the fiscal year 2015/16, KMC collected NPR 41.7 million advertisement tax among which one third of the contribution was by Ncell.&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4922',
			'image' => '20170111013722_ncell.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '5118',
			'article_category_id' => '1',
			'title' => 'Mahindra Launches E2osportz Car in Nepal',
			'sub_title' => '',
			'summary' => 'January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra & Mahindra unveiled the car organizing a program.',
			'content' => '<p style="text-align: justify;">January 11: Mahindra has formally launched its E2osportz Car in Nepal on January 10. Agni Energy, under Agni Group, the authorized distributor of Mahindra &amp; Mahindra unveiled the car organizing a program.</p>

<p style="text-align: justify;">Issuing a press statement, the company said that a sports variant of the e2o, the car comes loaded with features like ABS, Dual Airbags, Fast charging, Rear Window Wiper and a host of connectivity features amongst others. The e2oSportz &nbsp;has an extended range of 127kms and additional storage area. The vehicle boasts of premium styling with leather seats, Blaupunkt infotainment system and steering mounted audio controls.</p>

<p style="text-align: justify;">&ldquo;I see electric mobility becoming the norm, even in Nepal and the day is not too far when electric vehicles will dominate the roads with vehicles run on fossil fuel. At Mahindra, we intend to accelerate that transformation and hence delighted to launch the e2oSportz in Nepal. With its powerful performance, exceptional safety features, I am confident that the e2oSportz will be an instant hit amongst our customers in Nepal,&rdquo; said Mahesh Babu, CEO of Mahindra Electric in the launch program.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4921',
			'image' => '20170111011558_mahindra.jpg',
			'article_date' => '2017-01-11 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' => '5117',
			'article_category_id' => '1',
			'title' => 'NIC ASIA Bank and Nepal Red Cross Society Sign MoU for Blood Donation Camps',
			'sub_title' => '',
			'summary' => 'January 11: Nepal Red Cross Society and NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.',
			'content' => '<p style="text-align:justify">January 11: Nepal Red Cross Society and&nbsp;NIC ASIA Bank have signed a memorandum of understanding (MOU) to collaborate on conducting Blood donation Campaign across the country under the corporate social responsibility of the bank. Issuing a press release, the bank informed that the MoU was signed by Laxman Risal, CEO the bank and Dev Ratna Dhakwa, General Secretary of Nepal Red Cross Society amidst a function organized by the bank on January 10.</p>

<p style="text-align:justify">As per the arrangements between the two institutions, NIC ASIA will bear the financial costs for organizing 100 blood donation camps. Similarly, Nepal Red Cross Society will work on the technical part of blood collection, storage and distribution for effective management of blood donations across the country. Moreover, NIC ASIA Bank and Nepal Red Cross Society will organize and conduct awareness program about blood donation and motivation programs to educate the people to donate blood, reads the statement. &nbsp;</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4920',
			'image' => '20170111010514_nic asia.jpg',
			'article_date' => '2017-01-11 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' => '5116',
			'article_category_id' => '1',
			'title' => 'Qatar Airways Unveils Travel Festival Offer',
			'sub_title' => '',
			'summary' => 'January 11: Qatar Airways has unveiled its 'Travel Festival 2017'. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017. ',
			'content' => '<p>January 11: Qatar Airways has unveiled its &#39;Travel Festival 2017&#39;. Issuing a press statement, the airlines informed that it is offering extraordinary deals on the business class along with special companion fares and discounts on group bookings between 9 and 16 January 2017.&nbsp;</p>

<p><br />
According to the statement, the Qatar Airways Travel Festival online Treasure Hunt will also offer Qatar Airways&rsquo; millions of social media followers the opportunity of searching for a zero fare Golden Ticket to one of the airline&rsquo;s exciting global destinations, with clues being released via the airline&rsquo;s Facebook, Instagram and Twitter pages throughout the sale period.&nbsp;</p>

<p><br />
&quot;Offers available throughout the Travel Festival are applicable on business class return airfares, with a travel period between 11 January and 15 December 2017 to the more than 150 destinations worldwide, including the Middle East, Europe, the Americas and Africa,&quot; reads the statement.</p>
',
			'published' => true,
			'created' => '2017-01-11',
			'modified' => '2017-01-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '4919',
			'image' => '20170111125403_qatar.jpg',
			'article_date' => '2017-01-11 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '5115',
			'article_category_id' => '1',
			'title' => 'A record production of 5. 2 million mt',
			'sub_title' => 'Paddy production up by 22 percent',
			'summary' => 'January 10:  Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.',
			'content' => '<p style="text-align: justify;">January 10: &nbsp;Production of summer crops in Nepal has considerably improved this year despite the situation that plenty of cultivable land in Nepal remains barren in recent years.</p>

<p style="text-align: justify;">&nbsp;The production of paddy, maize and other crops has increased this year compared to past years, as per the preliminary statistics published by the Ministry of Agriculture Development (MoAD).</p>

<p style="text-align: justify;">According to MoAD, production of paddy this year has broken all the past records.</p>

<p style="text-align: justify;">According to the Agriculture Statistics Section, paddy production this year has reached 5.23 million metric tons increasing by 21. 66 percent compared to last year. Last year, a total of 4.29 million metric tons of paddy was produced in the country. The increase this year is by 9 hundred and 31 thousand metric tons compared to last year. &nbsp;</p>

<p style="text-align: justify;">This has been record production of paddy in the history of country. &nbsp;Although there has been improvement in production of cereals, situation is such that there is an outflow of billions of rupees annually for import of food grains. As per the statistics of the Trade and Export Promotion Centre, rice amounting to Rs 10 billion has been imported in the past four months.</p>

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

<p style="text-align: justify;">According to MoAD spokesperson Yogendra Karki, the ministry has made a preliminary projection of production of 10.4 million tons of the main food crops in until April this year. As per the Ministry statistics, Nepal needs 9.6 million tons of food grains including rice, maize, wheat and millet.</p>

<p style="text-align: justify;">The import and export of food grains for Nepal is considered obvious as the country is the member of the World Trade Organization and has adopted the free-market economy. &ldquo;However, it is a serious issue that the Nepal is importing foods grains amounting to billions of rupees despite an enormous potential of agriculture in the country,&rdquo; says Karki.</p>

<p style="text-align: justify;">Sources say usually the import of fine and fragrant rice have been increasing every year due to the rising living standards of Nepalis contributed by impact of remittances and increasing capacity of &nbsp;people to earn money.&nbsp; The Ministry claims that Nepal can be self-reliant on food grains very soon if the food habit of the Nepalis improves.</p>

<p style="text-align: justify;">This year, the production of maize has also increased and reached 2.25 million metric tons against 2.23 million metric tons last year. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

<p style="text-align: justify;">The main reasons for rise in production this year are adequate rainfall, timely transplantation, smooth supply of chemical fertilizers and hybrid seeds and improvement in agro technology, the ministry says.</p>

<p style="text-align: justify;">&nbsp;</p>
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	(int) 13 => array(
		'Article' => array(
			'id' => '5114',
			'article_category_id' => '1',
			'title' => 'Hydropower Investment through Online Starts',
			'sub_title' => '',
			'summary' => 'January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website www.moenonline.moen.gov.np for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.',
			'content' => '<p>January 10: Investors willing to invest in hydropower projects now can invest through online by filling up commitment letter including amount to be invested. The Ministry of Energy (MoE) has started a new website <a href="http://www.moenonline.moen.gov.np/" target="_blank">www.moenonline.moen.gov.np</a> for the purpose. Energy Minister Janardhan Sharma inaugurated the website on January 9.</p>

<p>The website allows interested individuals from inside or outside the country or companies can make investment commitments on lump sum or annual basis. As per the investment commitment, the amount will be invested on storage-type or picking-run-of &ndash;river (PROR) hydropower projects that can be constructed immediately.</p>

<p>Speaking at a press conference at the ministry, Sharma informed the portal will help investors to know about the projects that will be constructed by their investments. He further added that the profit can be obtained through the invested projects.</p>

<p>Minister Sharma also unveiled the Power Purchase Agreement (PPA) rate of reservoir-based and PROR hydropower projects. The highest PPA rate has been fixed at Rs 12.40 per unit. The rate has been fixed as per the recommendation of the report prepared by a committee formed under the coordination of Joint Secretary Chiranjivi Chataut. As per the decision, storage-type hydel projects will get Rs 12.40 per unit in the dry season (January to May). Similarly, such rate will be Rs 7.10 per unit in the wet season (May to December).Meanwhile, for PROR projects will get Rs 10.55 per unit in the dry season and Rs 4.80 per unit in the dry season.&nbsp;</p>

<p>&ldquo;The fixed PPA rate will be implemented till the completion of projects to produce10, 000MW power,&rdquo; informed Sharma. According to him, after the target of 10,000MW is achieved, the rate will be revised. As per the unveiled rate, the investors interested to invest in storage-type hydel projects will get 17 percent of profit.&nbsp;</p>
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		'Article' => array(
			'id' => '5113',
			'article_category_id' => '1',
			'title' => 'OPPO Honored with 2 awards by IDG',
			'sub_title' => '',
			'summary' => 'January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas’ annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.',
			'content' => '<p style="text-align: justify;">January 10: OPPO has bagged two honors from International Data Group (IDG) at a ceremony hosted on January 6 as part of Las Vegas&rsquo; annual Consumer Electronics Show (CES). Issuing a press statement, the company informed that OPPO was recognized as Global Top Smart Phones Brand 2016-2017 and Global Top Smart Connected Devices Brand 2016-2017.</p>

<p style="text-align: justify;">&ldquo;OPPO is extremely proud to be recognized by IDG for our commitment to bringing out innovative technologies designed to delight and inspire our users around the world,&rdquo; said Luma Lu, OPPO&rsquo;s Technology Planning Directory, who accepted the honor on the company&rsquo;s behalf. &ldquo;In 2017, we&rsquo;ll continue to commit ourselves to bringing out smartphones that meet users&rsquo; real needs and that embody our pursuit of perfection in every detail.&rdquo;</p>

<p style="text-align: justify;">&quot;OPPO F1s is being highly appreciated in Nepali market &nbsp;which is also dubbed as selfie expert. Especially known for superb selfie F1s has 16 mega pixel front and 13 mega pixel rear camera,&quot; reads the statement. The phone is equipped with 3 GB RAM and 32 GB ROM and flash fingerprint unlock feature is also available in the phone. The phone that &nbsp;supports 4G as well is priced at Rs 33,850. Along with F1s, A37 and Neo7 phone models are also available in Nepal.&nbsp;</p>
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