Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal…
Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal…
The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week,…
February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous…
February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra…
February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal…
February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis.…
February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent…
February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on…
February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu…
Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on…
February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final…
February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat.…
February 5: Of late, investors seem very little interested in purchasing the shares of commercial…
February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets.…
February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan…
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20185', 'article_category_id' => '1', 'title' => 'Revenue Worth Rs 790 Million Collected From Traffic Violators', 'sub_title' => '', 'summary' => 'Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 7: Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The revenue was obtained through action taken against 1,052,055 drivers during this period. The significant portion of the revenue came from the Kathmandu Valley at Rs 322.2 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Koshi province contributed Rs 78.7 million, Madhes Province had Rs 100.5 million, Bagmati Province Rs 70.8 million, and Gandaki Province Rs 81.8 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Likewise, Lumbini Province contributed Rs 93.8 million, Karnali Rs 15.6 million, and Sudurpaschim province Rs 24.2 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, revenue was generated from various vehicle types. Trucks/tankers generated Rs 151.9 million, buses/mini-buses contributed to Rs 92 million, and cars/jeeps/vans Rs 189 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, tractors generated Rs 28.8 million, motorbikes Rs 311.7 million, and tempos and other vehicles Rs 25.3 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Over 1.52 million vehicle drivers faced action during this period, with motorbike riders receiving the highest number of penalties for violating traffic rules, according to the Central Police News Room. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-07', 'modified' => '2024-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '19912', 'image' => '20240207082345_collage (25).jpg', 'article_date' => '2024-02-07 08:21:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20184', 'article_category_id' => '1', 'title' => 'NEPSE Gains 9.44 Points, Closing at 2085.71', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">February 6: The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading session, 315 scrips were traded on the NEPSE through 66,559 transactions. A total of 7,624,376 shares changed hands, resulting in a total turnover amount of Rs 2.59 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Himalayan Reinsurance Limited (HRL) led the turnover amount with a total transaction of Rs 33 crores, closing at a market price of Rs 704.90 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samaj Laghubitta Bittaiya Sanstha Limited (SAMAJ) recorded the highest gain at 9.99%, closing at a market price of Rs 763 per share. Conversely, Samling Power Company (SPC) experienced the maximum loss at 10%, closing at a market price of Rs 616 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory except for the Others Index and Trading Index. The Manufacturing and Processing Index gained the highest at 1.08%, while the Banking SubIndex posted the least gain at 0.18%. </span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19911', 'image' => '20240206034506_collage (5).jpg', 'article_date' => '2024-02-06 15:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20183', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 25 Percent', 'sub_title' => '', 'summary' => 'February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday, remittance inflows in terms of the US dollar increased 22.6 percent to 5.52 billion in the review period compared to an increase of 13.9 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the review period, the number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stood at 207,970 while those taking approval for renew entry stood at 135,435. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the previous year, such numbers were 275,643 and 142,548 respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the net transfer increased 24 percent to Rs 799.51 billion in the review period. Such a transfer had increased 22.7 percent in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19910', 'image' => '20240206025814_Remittance.jpg', 'article_date' => '2024-02-06 14:57:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20182', 'article_category_id' => '1', 'title' => 'Nepal’s Trade Deficit Declines by 2.6 Percent in Six Months of Current FY', 'sub_title' => '', 'summary' => 'February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday states that the trade deficit had decreased 19.2 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period this year, merchandise exports decreased 7.2 percent to Rs 74.97 billion compared to a decrease of 32 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 12.8 percent whereas exports to China and other countries increased 370.9 percent and 1.3 percent respectively. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, juice, readymade garments, ginger among others increased whereas exports of palm oil, soybean oil, tea, woolen carpet, rosin, among others decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal’s merchandise imports decreased 3.1 percent to Rs 768.17 billion in the review period compared to a decrease of 20.7 percent a year ago. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India and other countries decreased 2.4 percent and 25.7 percent respectively while imports from China increased 34 percent. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Imports of readymade garments, electrical equipment, MS wire rod, bars, and coils, textiles, transport equipment, vehicle and spare parts, among others increased whereas imports of gold, crude soybean oil, crude palm oil, rice/paddy, petroleum products, among others decreased. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Based on customs points, exports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Mechi, Nepalgunj, Rasuwa, Tatopani customs and Tribhuwan International Airport Customs Office increased whereas exports from all the other major customs points decreased in the review period. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the import side, imports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Nepalgunj, Rasuwa and Tatopani customs offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio declined to 9.8 percent in the review period from 10.2 percent in the corresponding period of the previous year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19909', 'image' => '20240206025715_Trade.jpg', 'article_date' => '2024-02-06 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20181', 'article_category_id' => '1', 'title' => 'Foreign Exchange Reserves at an All-Time High: NRB Report', 'sub_title' => 'Current Account, BoP in Surplus in First Half of Current Fiscal Year', 'summary' => 'February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report of the country published by the Nepal Rastra Bank on Tuesday, the country’s foreign currency reserves can support the import of goods and services for one year till the end of January of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report states: “Based on the imports of six months of 2023/24, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 14.5 months, and merchandise and services imports of 12.1 months.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the gross foreign exchange reserves increased 18.0 percent to Rs 1816.57 billion in mid-January 2024 from Rs 1539.36 billion in mid-July 2023. In the US dollar terms, the gross foreign exchange reserves increased 16.9 percent to 13.69 billion in mid-January 2024 from 11.71 billion in mid-July 2023. This is the highest foreign exchange reserve recorded till date. The foreign currency reserve is larger than the size of Nepal's annual budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 18.9 percent to Rs 1600.23 billion in mid-January 2024 from Rs 1345.78 billion in mid-July 2023. Likewise, the reserves held by banks and financial institutions (except NRB) increased 11.8 percent to Rs 216.35 billion in mid-January 2024 from Rs 193.59 billion in mid-July 2023. The share of Indian currency in total reserves stood at 22.5 percent in mid- January 2024, according to the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 33.8 percent, 100.9 percent and 27.7 percent respectively in mid-January 2024. Such ratios were 28.6 percent, 83 percent and 25 percent respectively in mid-July 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a surplus of Rs 161.62 billion in the review period against a deficit of Rs 35.57 billion in the same period of the previous year. In the US Dollar terms, the current account registered a surplus of 1.21 billion in the review period against a deficit of 279.6 million in the same period last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer decreased 30 percent to Rs 3.11 billion and net foreign direct investment (FDI) remained a positive of Rs 4.53 billion. In the same period of the previous year, capital transfer amounted to Rs 4.43 billion and the net FDI amounted to Rs 749.4 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a surplus of Rs.273.52 billion in the review period against<br /> a surplus of Rs.92.15 billion in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19908', 'image' => '20240206023935_20230207114205_FER - Copy.jpg', 'article_date' => '2024-02-06 14:38:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20180', 'article_category_id' => '1', 'title' => 'KMC Installs 1,026 Smart Lights in the Metropolis', 'sub_title' => '', 'summary' => 'February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. Under this initiative, the KMC installed 318 lights in Maharajganj-Lainchaur-Jamal section, 363 in the Maharajgunj National Police Academy-Baluwatar-Naxal-Maitighar Mandala route, 181 from Kamalpokhari to Gaushala, 76 along the Tripureshwor-Thapathali-Maitighar Mandala road, and 99 in Chabahil-Boudha road section.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Padma Raj Paudel, electrical engineer of the KMC, 120-watt lights have been installed on wider roads and 90-watt lights have been installed on narrow roads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC officials said that modern street lights have been installed to enhance traffic management, ensure public safety, and contribute to social security during night time. The KMC undertook this initiative in collaboration with the Nepal Electricity Authority (NEA) and the Department of Roads (DoR).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC had signed an agreement with the NEA on February 7, 2023 for installing the smart lights under this project worth Rs 119.9 million. As per the agreement, the KMC will bear 60 percent cost of the project and the NEA will bear 40 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Once installed, all lights will be integrated into a unified system, allowing for convenient control such as adjusting brightness, dimming, and turning lights off or on, all managed from a centralized screen.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19907', 'image' => '20240206020209_Smart-lights-installation-Kathmandu-Lalitpur-.jpg', 'article_date' => '2024-02-06 14:01:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20177', 'article_category_id' => '1', 'title' => 'Cultivation Area of Red Lentil Decreasing in Nepal', 'sub_title' => '', 'summary' => 'February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years. The data of the Ministry of Agriculture and Livestock Development shows that the area of land where red lentils are cultivated has decreased. The production of red lentil has also decreased due to the decline in farming area. As a result, imports have increased while exports have decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the ministry, <span style="font-family:"Arial Unicode MS","sans-serif"">262,835</span> metric tons of red lentils were produced in Nepal in the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2076/77. </span>According to the data of the ministry, red lentil was cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">212</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">876</span> hectares of land that year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the following years, the area of cultivation of red lentils has been decreasing. In FY <span style="font-family:"Arial Unicode MS","sans-serif"">2077/78</span>, red lentils were cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">202</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">416</span> hectares of land. According to government data, <span style="font-family:"Arial Unicode MS","sans-serif"">246,000</span> metric tons of red lentil were produced that year. By the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span>, the production area reduced to <span style="font-family:"Arial Unicode MS","sans-serif"">198,400</span> hectares and the production stood at <span style="font-family:"Arial Unicode MS","sans-serif"">252,000</span> metric tons. The ministry has classified red lentils as the main legume crop of Nepal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Joint Secretary of the Ministry Dr Ram Krishna Shrestha said that the attraction of farmers towards red lentil cultivation is decreasing. The attraction of farmers in red lentil cultivation is gradually decreasing due to various factors such as the outbreak of diseases, the complicated process of planting crops, the risk of crop destruction due to winter rains. During the winter, farmers are more attracted towards maize cultivation than lentil farming, he said. Dr Shrestha added that there is also a problem in competing in the market because red lentil produced in Nepal is more expensive than those imported from abroad. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the Department of Customs, <span style="font-family:"Arial Unicode MS","sans-serif"">7,766</span> metric tons of red lentils worth Rs 781 million in the first six months of the current fiscal year. During the same period, around <span style="font-family:"Arial Unicode MS","sans-serif"">2100</span> metric tons of red lentils worth <span style="font-family:"Arial Unicode MS","sans-serif"">302</span>.<span style="font-family:"Arial Unicode MS","sans-serif"">6</span> million were exported from Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rahul Agarwal, vice president of Nepal Rice Oil and Lentil Industry Association, said that Nepali agriculture is lagging behind lack of attention of the state in marketing the produced crops, farmers not getting fertilizer on time and farmers not being encouraged. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to him, until a few years ago, the government used to give incentives of up to <span style="font-family:"Arial Unicode MS","sans-serif"">4 </span>percent in customs duty for exporting red lentils. It has been stopped now. Instead, the businessmen complain that the government is now charging more export duty. In the past, Nepal exported lentils to Bangladesh, Canada, Australia and other countries. Agarwal said that after the removal of incentives, exports have decreased and imports have increased.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19904', 'image' => '20240206122334_red-lentils-in-wood-bowl.jpg', 'article_date' => '2024-02-06 12:22:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20176', 'article_category_id' => '1', 'title' => 'Financial Procedure and Fiscal Accountability Ordinance tabled in NA Meeting ', 'sub_title' => '', 'summary' => 'February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Prakash Sharan Mahat presented the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance, 2080 at the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel had issued the ordinance on January 18 upon the recommendation of the Council of Ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the amendment drafting committee's report on NA Regulations, 2075 was also tabled at the NA meeting on Monday by the committee president Suresh Kumar Ale. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, Minister for Agriculture Beduram Bhusal on behalf of the Minister for Law, Justice and Parliamentary Affairs Dhanraj Gurung tabled an order in the NA to remove the obstacles as per Section 42 of the Commission for the Investigation of Enforced Disappeared Persons, Truth and Reconciliation Commission Act, 2071. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the NA is scheduled to be held at 11:01 am on Wednesday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19903', 'image' => '20240206113412_Parliament.jpg', 'article_date' => '2024-02-06 11:33:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20175', 'article_category_id' => '1', 'title' => 'NAC Provides Free Air Tickets to Cancer Patients on Kathmandu-Delhi-Kathmandu Flights ', 'sub_title' => '', 'summary' => 'February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Ramesh Poudel told RSS that the national flag-carrier has been providing 100 percent concession to the cancer patients and up to 50 percent concession to their attendants for the airfare on this route as part of its corporate social responsibility. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said in a press statement released on the occasion of the World Cancer Day, 2024 that it has been providing this concession on airfare to the cancer patients and their attendant on the basis of the doctor's report and the recommendation of Nepal Cancer Relief Society. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19902', 'image' => '20240206105643_naccccc.jpg', 'article_date' => '2024-02-06 10:55:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20173', 'article_category_id' => '1', 'title' => 'Redmi Note 13 Series Launched in Nepal', 'sub_title' => '', 'summary' => 'Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 6: Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">With powerful processors and high-quality cameras, the company has pledged to cater a new experience to the customers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Redmi 13 series aims to provide new styles, performance, and innovation, delivering high-quality technology to the Nepali market, according to the company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">These mobile phones, with various features, will be available at different prices, along with various offers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> According to the company, the price of these mobile phones ranges from Rs 24,999 to Rs 52,999. Additionally, customers will receive various gifts with the purchase of the mobile. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19900', 'image' => '20240206061754_collage (24).jpg', 'article_date' => '2024-02-06 06:16:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '20172', 'article_category_id' => '1', 'title' => 'Construction of Bahrabise Substation in Final Stage', 'sub_title' => '', 'summary' => 'February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage. According to the Nepal Electricity Authority (NEA), the construction of the final phase of the substation is in full swing with a target of completing the work within two months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the NEA, the overall progress of the substation construction has reached about 95 percent. Another 400 KV substation is also under construction in Bahrabise. Electricity of the 102 megawatts produced by the Mid-Bhotekoshi Hydroelectric Project (MBKHEP) built in Sindhupalchowk under the leadership of Chilime Hydropower Company Limited, a subsidiary of NEA, will be connected to this substation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The electricity generated from MBKHEP will be connected to Bahrabise substation through a 220 KV transmission line. The construction of the transmission line has been obstructed due to the protests led by the residents of Palanti in Bahrabise Municipality-3 and 4. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The NEA is under pressure to complete the Bahrabise substation as soon as possible to prevent the electricity generated from the project from being wasted without being connected to the national transmission line.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After monitoring the substation construction site on Saturday, NEA Managing Director Kulman Ghising instructed the contractor to complete the construction of the substation within two months by adding more manpower.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The construction of the substation has been delayed due to the Covid-19 pandemic and the poor performance of the joint venture of Guangxi Transmission and Substation Construction Co and Shenzen Electronics Co Ltd which was awarded the contract for the construction of twelve substations. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19899', 'image' => '20240205014226_substation.jpg', 'article_date' => '2024-02-05 13:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20171', 'article_category_id' => '1', 'title' => 'Lawmakers to Follow Calendar from Now Onwards', 'sub_title' => '', 'summary' => 'February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. Although this practice is implemented in many countries of the world, it is a new concept in Nepal. Until now, the parliament used to run mainly on the basis of the understanding between political parties and the government but from now on, the business of the House of Representatives and the National Assembly will be conducted strictly on the basis of the calendar.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has already prepared the calendar. The calendar includes the dates on which days the House will run and what kind of bills will be presented on those particular dates. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Deputy Speaker of the House of Representatives Indira Rana, this exercise will play an important role in making the work of the parliament effective. She said that the Houses of many countries of the world, including America and European countries, run according to the calendar. Nepal also adopted this system as it was deemed necessary in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Due to the lack of a calendar, important bills such as the bill on money laundering, the bill to amend the Truth and Reconciliation Commission Act, <span style="font-family:"Arial Unicode MS","sans-serif"">2071 (</span>TRC) and the Commission for the Investigation of Enforced Disappeared Persons have been stalled. Following the calendar is expected to overcome this situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>The date of submission of important bills to the Parliament has already been fixed. As soon as such bills come to the House according to the schedule, it is expected that the lawmaking process will speed up," Deputy Speaker Rana said in a conversation with New Business Age. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">She said that the government will be more responsible for drafting the laws as the government will have to present the bills in parliament. According to Deputy Speaker Rana, long-term planning is also being discussed in the calendar. At p resent, a two<span style="font-family:"Arial Unicode MS","sans-serif"">-</span>month calendar has been prepared for conducting the meetings of the House of Representatives and the National Assembly.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has called a meeting on Monday to inform the parliamentarians about the calendar. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the proposed calendar prepared by the Parliament Secretariat, the parliament meeting will be conducted only for three days a week. In the remaining three days, MPs can go to the parliamentary committees or constituencies to work.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the schedule prepared by the Parliament Secretariat, there will always be zero hour on the day when the Parliament is in session. During the zero hour, parliamentarians get one minute to speak in alphabetical order. But there will not be a special hour in every meeting. At special hours, parties get time based on their party status. Such a special hour will be held only during one meeting. The House of Representatives has now prepared a possible work schedule up to February 27. Since the government has to call the budget session soon, the winter session that started on February 5 will not be prolonged and the calendar has been prepared only until February 27.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the probable calendar of the House of Representatives, the meeting will be held only for <span style="font-family:"Arial Unicode MS","sans-serif"">3</span> days on February 5, 7 and 8. The meeting of parliament will be held from <span style="font-family:"Arial Unicode MS","sans-serif"">11</span> am. If the parliament runs according to the schedule, the parliamentarians will be able to directly question the prime minister on February 8. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On February 5, the Finance Ministry will introduce the Fiscal Procedures and Financial Accountability (First Amendment) Ordinance <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>, followed by the clause-wise discussion and passage of the bill to amend certain laws related to prevention of money laundering and promotion of business environment, <span style="font-family:"Arial Unicode MS","sans-serif"">2079 </span>on February 7. On February 8, there will be a general discussion on banking offense and punishment bill (Second Amendment) and approval of the Fiscal Procedure and Financial Accountability (First Amendment) Ordinance, <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Parliament Secretariat, matters such as resolution proposals to be registered by parliamentarians, motions of public importance will be discussed on Friday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19898', 'image' => '20240205014113_Parliament RSS 800.jpg', 'article_date' => '2024-02-05 13:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20170', 'article_category_id' => '1', 'title' => 'Investors Show Little Attraction towards Shares of Commercial Banks', 'sub_title' => '', 'summary' => 'February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks. Although this segment is strong in terms of market capitalization, the shares of commercial banks are the cheapest in recent days.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The number of commercial banks currently stands at 20 following the merger and acquisition of banks. Experts say that the market price of commercial banks along with their income per share have taken a nosedive because the banks could not increase their business in proportion to the increase in their capital after merger and acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Looking at the quarterly financial statements of the banks after the merger, the key indicators seem to be weak. The banks admitted that the market price along with their income per share has gone down significantly as they could not increase their business in tandem with the increase in their capital.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors are not particularly attracted to shares of commercial banks even though they have the ability to significantly change the indices of the secondary market of securities. Experts say that the main reason for this is that the income of banks is decreasing day by day. As the number of shares of these companies is large, the scattering of shares in the hands of many is considered as another reason for the decline in profit. Since the shares are in the hands of many people, it is not possible to get huge capital gains by using them like shares of other sectors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEPSE index reached 3200 points on August 18, 2021. Investor Kulraj Paudel, who had bought shares of Nabil Bank at Rs 1,600 per share during that period, is now panicking as the value of the shares has dropped to Rs 477. His question is - when will the share price of this company reach Rs 1600? Paudel said that even after receiving dividend for two fiscal years, he still faces losses of more than 65 percent. Along with Paudel, many other investors have been expressing their greviances on social media about the declining share price of commercial banks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Experienced investors say that this time is suitable for short-term or long-term investments as the share prices of commercial banks have fallen to a low point.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Lately, traders have been pushing up the share price of companies with little capital. Another point to note is that banks have a lot of capital but their financial statements are not sound.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors do not want to hold shares for a long time. They are more attracted to the shares which gives quick profit. This is the reason why investors are not attracted to the shares of commercial bank, according to stock market analysts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The share price of nine banks is below Rs 200. The share prices of Kumari Bank, Prabhu Bank, Citizens Bank, Laxmi Sunrise Bank, Nepal Investment Mega Bank, Machhapuchhre Bank, NMB Bank, Global IME Bank and Himalayan Bank are below Rs 200 per share. Among the commercial banks, Standard Chartered Bank, the most expensive, was trading its shares at Rs 532 per share and Kumari Bank, the cheapest, was trading at Rs 149 when the market closed on Sunday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As of now, 12 commercial banks have declared dividends from the profits of the last fiscal year. Seven of them have decided not to distribute dividends from last year's profits.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Himalayan <strong>Bank</strong>, NMB <strong>Bank</strong>, Prime Commercial <strong>Bank</strong>, Kumari <strong>Bank</strong>, Prabhu <strong>Bank</strong>, Nepal Investment Mega <strong>Bank</strong> and Nepal Bank have decided not to give dividends to the shareholders from last year's profits. Agriculture Development Bank has not yet made a decision regarding its dividend.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19897', 'image' => '20240205010611_Banks - Copy.jpg', 'article_date' => '2024-02-05 13:04:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20169', 'article_category_id' => '1', 'title' => 'CAAN Preparing to Hike Domestic Airfare', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. The authority has formed a committee to review domestic airfare. Once the study is over, CAAN is likely to increase the airfare determined seven years ago by <span style="font-family:"Arial Unicode MS","sans-serif"">20</span> to <span style="font-family:"Arial Unicode MS","sans-serif"">25</span> percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Domestic Airfare Regulation Guideline <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span>, CAAN enjoys the right to determine the airfare specifically for three different sectors. Accordingly, CAAN determines the minimum and maximum airfare in accessible, remote (STOL) and tourist sectors. Currently, the airline companies are implementing the airfare determined by CAAN in the year <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span> for the accessible sector and in the remote sector in <span style="font-family:"Arial Unicode MS","sans-serif"">2075</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Airline companies have repeatedly requested the government to increase the airfare saying that the airfare has not been reviewed for a long time. The authority is now prepared to review airfare. CAAN’s Information Officer Gyanendra Bhul said that since the airfare determined seven years ago is still being implemented, so it be reviewed in a timely manner. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">He said that CAAN has formed a committee and held discussions with the stakeholders. This committee will prepare a modality for airfare and recommend it to the Ministry of Culture, Tourism and Civil Aviation. The committee will submit a report with recommendations to the ministry regarding the review of airfare within three months. The proposal to increase the airfare will be submitted to the Council of Ministers. The new airfare for domestic flights will be implemented after the cabinet approves the proposal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>Since it is a technical matter, the data of the affiliated airlines is required for this," said Bhul, adding, "The price of aircraft spare parts and the exchange rate of US dollar were different seven years ago. Therefore, the airfare will obviously increase after the review.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">CAAN determines the minimum and maximum airfare and the airline companies set prices based on demand and supply within the limit. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Apart from the fare set by CAAN, the price of air fuel is also included in the air ticket purchased by the passengers. Airline companies levy fuel surcharge on the basis of its price hike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rupesh Joshi, the marketing manager of Buddha Air, a private sector air service provider company, said that they have been asking for an increase in airfare since a long time. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"The air fare that should be increased every two years has not been increased for seven years," said Joshi, adding, "The price of dollar has increased significantly in seven years and the aviation sector has requested the government to review the airfare.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19896', 'image' => '20240205122010_20220627124039_Airport.width-1024.jpg', 'article_date' => '2024-02-05 12:19:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20168', 'article_category_id' => '1', 'title' => 'Police to Look into Cases of Usury', 'sub_title' => '', 'summary' => 'February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ministry has issued a procedure for the investigation and settlement of cases related to unfair transactions involving excessive interest rates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Complaints regarding loan sharking and usury, which were previously sent to the district administration office by the commission, will now be sent to the district police office. Also, the police have been instructed to register new complaints.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The police will try to reconcile the cases related to usury that are currently under consideration as well as the new cases. If reconciliation cannot be done within a certain time, the police will collect necessary evidence and the take action according to Section 32 of the Civil Code of Criminal Procedure 2074. The Ministry of Home Affairs has sent the new procedure to all district administration offices and instructed them to follow it accordingly.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19895', 'image' => '20240205113948_905x525-moha.jpg', 'article_date' => '2024-02-05 11:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20185', 'article_category_id' => '1', 'title' => 'Revenue Worth Rs 790 Million Collected From Traffic Violators', 'sub_title' => '', 'summary' => 'Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 7: Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The revenue was obtained through action taken against 1,052,055 drivers during this period. The significant portion of the revenue came from the Kathmandu Valley at Rs 322.2 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Koshi province contributed Rs 78.7 million, Madhes Province had Rs 100.5 million, Bagmati Province Rs 70.8 million, and Gandaki Province Rs 81.8 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Likewise, Lumbini Province contributed Rs 93.8 million, Karnali Rs 15.6 million, and Sudurpaschim province Rs 24.2 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, revenue was generated from various vehicle types. Trucks/tankers generated Rs 151.9 million, buses/mini-buses contributed to Rs 92 million, and cars/jeeps/vans Rs 189 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, tractors generated Rs 28.8 million, motorbikes Rs 311.7 million, and tempos and other vehicles Rs 25.3 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Over 1.52 million vehicle drivers faced action during this period, with motorbike riders receiving the highest number of penalties for violating traffic rules, according to the Central Police News Room. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-07', 'modified' => '2024-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '19912', 'image' => '20240207082345_collage (25).jpg', 'article_date' => '2024-02-07 08:21:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20184', 'article_category_id' => '1', 'title' => 'NEPSE Gains 9.44 Points, Closing at 2085.71', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">February 6: The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading session, 315 scrips were traded on the NEPSE through 66,559 transactions. A total of 7,624,376 shares changed hands, resulting in a total turnover amount of Rs 2.59 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Himalayan Reinsurance Limited (HRL) led the turnover amount with a total transaction of Rs 33 crores, closing at a market price of Rs 704.90 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samaj Laghubitta Bittaiya Sanstha Limited (SAMAJ) recorded the highest gain at 9.99%, closing at a market price of Rs 763 per share. Conversely, Samling Power Company (SPC) experienced the maximum loss at 10%, closing at a market price of Rs 616 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory except for the Others Index and Trading Index. The Manufacturing and Processing Index gained the highest at 1.08%, while the Banking SubIndex posted the least gain at 0.18%. </span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19911', 'image' => '20240206034506_collage (5).jpg', 'article_date' => '2024-02-06 15:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20183', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 25 Percent', 'sub_title' => '', 'summary' => 'February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday, remittance inflows in terms of the US dollar increased 22.6 percent to 5.52 billion in the review period compared to an increase of 13.9 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the review period, the number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stood at 207,970 while those taking approval for renew entry stood at 135,435. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the previous year, such numbers were 275,643 and 142,548 respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the net transfer increased 24 percent to Rs 799.51 billion in the review period. Such a transfer had increased 22.7 percent in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19910', 'image' => '20240206025814_Remittance.jpg', 'article_date' => '2024-02-06 14:57:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20182', 'article_category_id' => '1', 'title' => 'Nepal’s Trade Deficit Declines by 2.6 Percent in Six Months of Current FY', 'sub_title' => '', 'summary' => 'February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday states that the trade deficit had decreased 19.2 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period this year, merchandise exports decreased 7.2 percent to Rs 74.97 billion compared to a decrease of 32 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 12.8 percent whereas exports to China and other countries increased 370.9 percent and 1.3 percent respectively. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, juice, readymade garments, ginger among others increased whereas exports of palm oil, soybean oil, tea, woolen carpet, rosin, among others decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal’s merchandise imports decreased 3.1 percent to Rs 768.17 billion in the review period compared to a decrease of 20.7 percent a year ago. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India and other countries decreased 2.4 percent and 25.7 percent respectively while imports from China increased 34 percent. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Imports of readymade garments, electrical equipment, MS wire rod, bars, and coils, textiles, transport equipment, vehicle and spare parts, among others increased whereas imports of gold, crude soybean oil, crude palm oil, rice/paddy, petroleum products, among others decreased. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Based on customs points, exports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Mechi, Nepalgunj, Rasuwa, Tatopani customs and Tribhuwan International Airport Customs Office increased whereas exports from all the other major customs points decreased in the review period. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the import side, imports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Nepalgunj, Rasuwa and Tatopani customs offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio declined to 9.8 percent in the review period from 10.2 percent in the corresponding period of the previous year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19909', 'image' => '20240206025715_Trade.jpg', 'article_date' => '2024-02-06 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20181', 'article_category_id' => '1', 'title' => 'Foreign Exchange Reserves at an All-Time High: NRB Report', 'sub_title' => 'Current Account, BoP in Surplus in First Half of Current Fiscal Year', 'summary' => 'February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report of the country published by the Nepal Rastra Bank on Tuesday, the country’s foreign currency reserves can support the import of goods and services for one year till the end of January of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report states: “Based on the imports of six months of 2023/24, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 14.5 months, and merchandise and services imports of 12.1 months.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the gross foreign exchange reserves increased 18.0 percent to Rs 1816.57 billion in mid-January 2024 from Rs 1539.36 billion in mid-July 2023. In the US dollar terms, the gross foreign exchange reserves increased 16.9 percent to 13.69 billion in mid-January 2024 from 11.71 billion in mid-July 2023. This is the highest foreign exchange reserve recorded till date. The foreign currency reserve is larger than the size of Nepal's annual budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 18.9 percent to Rs 1600.23 billion in mid-January 2024 from Rs 1345.78 billion in mid-July 2023. Likewise, the reserves held by banks and financial institutions (except NRB) increased 11.8 percent to Rs 216.35 billion in mid-January 2024 from Rs 193.59 billion in mid-July 2023. The share of Indian currency in total reserves stood at 22.5 percent in mid- January 2024, according to the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 33.8 percent, 100.9 percent and 27.7 percent respectively in mid-January 2024. Such ratios were 28.6 percent, 83 percent and 25 percent respectively in mid-July 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a surplus of Rs 161.62 billion in the review period against a deficit of Rs 35.57 billion in the same period of the previous year. In the US Dollar terms, the current account registered a surplus of 1.21 billion in the review period against a deficit of 279.6 million in the same period last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer decreased 30 percent to Rs 3.11 billion and net foreign direct investment (FDI) remained a positive of Rs 4.53 billion. In the same period of the previous year, capital transfer amounted to Rs 4.43 billion and the net FDI amounted to Rs 749.4 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a surplus of Rs.273.52 billion in the review period against<br /> a surplus of Rs.92.15 billion in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19908', 'image' => '20240206023935_20230207114205_FER - Copy.jpg', 'article_date' => '2024-02-06 14:38:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20180', 'article_category_id' => '1', 'title' => 'KMC Installs 1,026 Smart Lights in the Metropolis', 'sub_title' => '', 'summary' => 'February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. Under this initiative, the KMC installed 318 lights in Maharajganj-Lainchaur-Jamal section, 363 in the Maharajgunj National Police Academy-Baluwatar-Naxal-Maitighar Mandala route, 181 from Kamalpokhari to Gaushala, 76 along the Tripureshwor-Thapathali-Maitighar Mandala road, and 99 in Chabahil-Boudha road section.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Padma Raj Paudel, electrical engineer of the KMC, 120-watt lights have been installed on wider roads and 90-watt lights have been installed on narrow roads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC officials said that modern street lights have been installed to enhance traffic management, ensure public safety, and contribute to social security during night time. The KMC undertook this initiative in collaboration with the Nepal Electricity Authority (NEA) and the Department of Roads (DoR).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC had signed an agreement with the NEA on February 7, 2023 for installing the smart lights under this project worth Rs 119.9 million. As per the agreement, the KMC will bear 60 percent cost of the project and the NEA will bear 40 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Once installed, all lights will be integrated into a unified system, allowing for convenient control such as adjusting brightness, dimming, and turning lights off or on, all managed from a centralized screen.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19907', 'image' => '20240206020209_Smart-lights-installation-Kathmandu-Lalitpur-.jpg', 'article_date' => '2024-02-06 14:01:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20177', 'article_category_id' => '1', 'title' => 'Cultivation Area of Red Lentil Decreasing in Nepal', 'sub_title' => '', 'summary' => 'February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years. The data of the Ministry of Agriculture and Livestock Development shows that the area of land where red lentils are cultivated has decreased. The production of red lentil has also decreased due to the decline in farming area. As a result, imports have increased while exports have decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the ministry, <span style="font-family:"Arial Unicode MS","sans-serif"">262,835</span> metric tons of red lentils were produced in Nepal in the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2076/77. </span>According to the data of the ministry, red lentil was cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">212</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">876</span> hectares of land that year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the following years, the area of cultivation of red lentils has been decreasing. In FY <span style="font-family:"Arial Unicode MS","sans-serif"">2077/78</span>, red lentils were cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">202</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">416</span> hectares of land. According to government data, <span style="font-family:"Arial Unicode MS","sans-serif"">246,000</span> metric tons of red lentil were produced that year. By the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span>, the production area reduced to <span style="font-family:"Arial Unicode MS","sans-serif"">198,400</span> hectares and the production stood at <span style="font-family:"Arial Unicode MS","sans-serif"">252,000</span> metric tons. The ministry has classified red lentils as the main legume crop of Nepal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Joint Secretary of the Ministry Dr Ram Krishna Shrestha said that the attraction of farmers towards red lentil cultivation is decreasing. The attraction of farmers in red lentil cultivation is gradually decreasing due to various factors such as the outbreak of diseases, the complicated process of planting crops, the risk of crop destruction due to winter rains. During the winter, farmers are more attracted towards maize cultivation than lentil farming, he said. Dr Shrestha added that there is also a problem in competing in the market because red lentil produced in Nepal is more expensive than those imported from abroad. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the Department of Customs, <span style="font-family:"Arial Unicode MS","sans-serif"">7,766</span> metric tons of red lentils worth Rs 781 million in the first six months of the current fiscal year. During the same period, around <span style="font-family:"Arial Unicode MS","sans-serif"">2100</span> metric tons of red lentils worth <span style="font-family:"Arial Unicode MS","sans-serif"">302</span>.<span style="font-family:"Arial Unicode MS","sans-serif"">6</span> million were exported from Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rahul Agarwal, vice president of Nepal Rice Oil and Lentil Industry Association, said that Nepali agriculture is lagging behind lack of attention of the state in marketing the produced crops, farmers not getting fertilizer on time and farmers not being encouraged. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to him, until a few years ago, the government used to give incentives of up to <span style="font-family:"Arial Unicode MS","sans-serif"">4 </span>percent in customs duty for exporting red lentils. It has been stopped now. Instead, the businessmen complain that the government is now charging more export duty. In the past, Nepal exported lentils to Bangladesh, Canada, Australia and other countries. Agarwal said that after the removal of incentives, exports have decreased and imports have increased.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19904', 'image' => '20240206122334_red-lentils-in-wood-bowl.jpg', 'article_date' => '2024-02-06 12:22:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20176', 'article_category_id' => '1', 'title' => 'Financial Procedure and Fiscal Accountability Ordinance tabled in NA Meeting ', 'sub_title' => '', 'summary' => 'February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Prakash Sharan Mahat presented the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance, 2080 at the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel had issued the ordinance on January 18 upon the recommendation of the Council of Ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the amendment drafting committee's report on NA Regulations, 2075 was also tabled at the NA meeting on Monday by the committee president Suresh Kumar Ale. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, Minister for Agriculture Beduram Bhusal on behalf of the Minister for Law, Justice and Parliamentary Affairs Dhanraj Gurung tabled an order in the NA to remove the obstacles as per Section 42 of the Commission for the Investigation of Enforced Disappeared Persons, Truth and Reconciliation Commission Act, 2071. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the NA is scheduled to be held at 11:01 am on Wednesday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19903', 'image' => '20240206113412_Parliament.jpg', 'article_date' => '2024-02-06 11:33:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20175', 'article_category_id' => '1', 'title' => 'NAC Provides Free Air Tickets to Cancer Patients on Kathmandu-Delhi-Kathmandu Flights ', 'sub_title' => '', 'summary' => 'February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Ramesh Poudel told RSS that the national flag-carrier has been providing 100 percent concession to the cancer patients and up to 50 percent concession to their attendants for the airfare on this route as part of its corporate social responsibility. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said in a press statement released on the occasion of the World Cancer Day, 2024 that it has been providing this concession on airfare to the cancer patients and their attendant on the basis of the doctor's report and the recommendation of Nepal Cancer Relief Society. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19902', 'image' => '20240206105643_naccccc.jpg', 'article_date' => '2024-02-06 10:55:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20173', 'article_category_id' => '1', 'title' => 'Redmi Note 13 Series Launched in Nepal', 'sub_title' => '', 'summary' => 'Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 6: Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">With powerful processors and high-quality cameras, the company has pledged to cater a new experience to the customers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Redmi 13 series aims to provide new styles, performance, and innovation, delivering high-quality technology to the Nepali market, according to the company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">These mobile phones, with various features, will be available at different prices, along with various offers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> According to the company, the price of these mobile phones ranges from Rs 24,999 to Rs 52,999. Additionally, customers will receive various gifts with the purchase of the mobile. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19900', 'image' => '20240206061754_collage (24).jpg', 'article_date' => '2024-02-06 06:16:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '20172', 'article_category_id' => '1', 'title' => 'Construction of Bahrabise Substation in Final Stage', 'sub_title' => '', 'summary' => 'February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage. According to the Nepal Electricity Authority (NEA), the construction of the final phase of the substation is in full swing with a target of completing the work within two months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the NEA, the overall progress of the substation construction has reached about 95 percent. Another 400 KV substation is also under construction in Bahrabise. Electricity of the 102 megawatts produced by the Mid-Bhotekoshi Hydroelectric Project (MBKHEP) built in Sindhupalchowk under the leadership of Chilime Hydropower Company Limited, a subsidiary of NEA, will be connected to this substation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The electricity generated from MBKHEP will be connected to Bahrabise substation through a 220 KV transmission line. The construction of the transmission line has been obstructed due to the protests led by the residents of Palanti in Bahrabise Municipality-3 and 4. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The NEA is under pressure to complete the Bahrabise substation as soon as possible to prevent the electricity generated from the project from being wasted without being connected to the national transmission line.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After monitoring the substation construction site on Saturday, NEA Managing Director Kulman Ghising instructed the contractor to complete the construction of the substation within two months by adding more manpower.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The construction of the substation has been delayed due to the Covid-19 pandemic and the poor performance of the joint venture of Guangxi Transmission and Substation Construction Co and Shenzen Electronics Co Ltd which was awarded the contract for the construction of twelve substations. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19899', 'image' => '20240205014226_substation.jpg', 'article_date' => '2024-02-05 13:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20171', 'article_category_id' => '1', 'title' => 'Lawmakers to Follow Calendar from Now Onwards', 'sub_title' => '', 'summary' => 'February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. Although this practice is implemented in many countries of the world, it is a new concept in Nepal. Until now, the parliament used to run mainly on the basis of the understanding between political parties and the government but from now on, the business of the House of Representatives and the National Assembly will be conducted strictly on the basis of the calendar.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has already prepared the calendar. The calendar includes the dates on which days the House will run and what kind of bills will be presented on those particular dates. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Deputy Speaker of the House of Representatives Indira Rana, this exercise will play an important role in making the work of the parliament effective. She said that the Houses of many countries of the world, including America and European countries, run according to the calendar. Nepal also adopted this system as it was deemed necessary in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Due to the lack of a calendar, important bills such as the bill on money laundering, the bill to amend the Truth and Reconciliation Commission Act, <span style="font-family:"Arial Unicode MS","sans-serif"">2071 (</span>TRC) and the Commission for the Investigation of Enforced Disappeared Persons have been stalled. Following the calendar is expected to overcome this situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>The date of submission of important bills to the Parliament has already been fixed. As soon as such bills come to the House according to the schedule, it is expected that the lawmaking process will speed up," Deputy Speaker Rana said in a conversation with New Business Age. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">She said that the government will be more responsible for drafting the laws as the government will have to present the bills in parliament. According to Deputy Speaker Rana, long-term planning is also being discussed in the calendar. At p resent, a two<span style="font-family:"Arial Unicode MS","sans-serif"">-</span>month calendar has been prepared for conducting the meetings of the House of Representatives and the National Assembly.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has called a meeting on Monday to inform the parliamentarians about the calendar. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the proposed calendar prepared by the Parliament Secretariat, the parliament meeting will be conducted only for three days a week. In the remaining three days, MPs can go to the parliamentary committees or constituencies to work.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the schedule prepared by the Parliament Secretariat, there will always be zero hour on the day when the Parliament is in session. During the zero hour, parliamentarians get one minute to speak in alphabetical order. But there will not be a special hour in every meeting. At special hours, parties get time based on their party status. Such a special hour will be held only during one meeting. The House of Representatives has now prepared a possible work schedule up to February 27. Since the government has to call the budget session soon, the winter session that started on February 5 will not be prolonged and the calendar has been prepared only until February 27.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the probable calendar of the House of Representatives, the meeting will be held only for <span style="font-family:"Arial Unicode MS","sans-serif"">3</span> days on February 5, 7 and 8. The meeting of parliament will be held from <span style="font-family:"Arial Unicode MS","sans-serif"">11</span> am. If the parliament runs according to the schedule, the parliamentarians will be able to directly question the prime minister on February 8. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On February 5, the Finance Ministry will introduce the Fiscal Procedures and Financial Accountability (First Amendment) Ordinance <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>, followed by the clause-wise discussion and passage of the bill to amend certain laws related to prevention of money laundering and promotion of business environment, <span style="font-family:"Arial Unicode MS","sans-serif"">2079 </span>on February 7. On February 8, there will be a general discussion on banking offense and punishment bill (Second Amendment) and approval of the Fiscal Procedure and Financial Accountability (First Amendment) Ordinance, <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Parliament Secretariat, matters such as resolution proposals to be registered by parliamentarians, motions of public importance will be discussed on Friday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19898', 'image' => '20240205014113_Parliament RSS 800.jpg', 'article_date' => '2024-02-05 13:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20170', 'article_category_id' => '1', 'title' => 'Investors Show Little Attraction towards Shares of Commercial Banks', 'sub_title' => '', 'summary' => 'February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks. Although this segment is strong in terms of market capitalization, the shares of commercial banks are the cheapest in recent days.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The number of commercial banks currently stands at 20 following the merger and acquisition of banks. Experts say that the market price of commercial banks along with their income per share have taken a nosedive because the banks could not increase their business in proportion to the increase in their capital after merger and acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Looking at the quarterly financial statements of the banks after the merger, the key indicators seem to be weak. The banks admitted that the market price along with their income per share has gone down significantly as they could not increase their business in tandem with the increase in their capital.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors are not particularly attracted to shares of commercial banks even though they have the ability to significantly change the indices of the secondary market of securities. Experts say that the main reason for this is that the income of banks is decreasing day by day. As the number of shares of these companies is large, the scattering of shares in the hands of many is considered as another reason for the decline in profit. Since the shares are in the hands of many people, it is not possible to get huge capital gains by using them like shares of other sectors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEPSE index reached 3200 points on August 18, 2021. Investor Kulraj Paudel, who had bought shares of Nabil Bank at Rs 1,600 per share during that period, is now panicking as the value of the shares has dropped to Rs 477. His question is - when will the share price of this company reach Rs 1600? Paudel said that even after receiving dividend for two fiscal years, he still faces losses of more than 65 percent. Along with Paudel, many other investors have been expressing their greviances on social media about the declining share price of commercial banks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Experienced investors say that this time is suitable for short-term or long-term investments as the share prices of commercial banks have fallen to a low point.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Lately, traders have been pushing up the share price of companies with little capital. Another point to note is that banks have a lot of capital but their financial statements are not sound.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors do not want to hold shares for a long time. They are more attracted to the shares which gives quick profit. This is the reason why investors are not attracted to the shares of commercial bank, according to stock market analysts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The share price of nine banks is below Rs 200. The share prices of Kumari Bank, Prabhu Bank, Citizens Bank, Laxmi Sunrise Bank, Nepal Investment Mega Bank, Machhapuchhre Bank, NMB Bank, Global IME Bank and Himalayan Bank are below Rs 200 per share. Among the commercial banks, Standard Chartered Bank, the most expensive, was trading its shares at Rs 532 per share and Kumari Bank, the cheapest, was trading at Rs 149 when the market closed on Sunday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As of now, 12 commercial banks have declared dividends from the profits of the last fiscal year. Seven of them have decided not to distribute dividends from last year's profits.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Himalayan <strong>Bank</strong>, NMB <strong>Bank</strong>, Prime Commercial <strong>Bank</strong>, Kumari <strong>Bank</strong>, Prabhu <strong>Bank</strong>, Nepal Investment Mega <strong>Bank</strong> and Nepal Bank have decided not to give dividends to the shareholders from last year's profits. Agriculture Development Bank has not yet made a decision regarding its dividend.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19897', 'image' => '20240205010611_Banks - Copy.jpg', 'article_date' => '2024-02-05 13:04:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20169', 'article_category_id' => '1', 'title' => 'CAAN Preparing to Hike Domestic Airfare', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. The authority has formed a committee to review domestic airfare. Once the study is over, CAAN is likely to increase the airfare determined seven years ago by <span style="font-family:"Arial Unicode MS","sans-serif"">20</span> to <span style="font-family:"Arial Unicode MS","sans-serif"">25</span> percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Domestic Airfare Regulation Guideline <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span>, CAAN enjoys the right to determine the airfare specifically for three different sectors. Accordingly, CAAN determines the minimum and maximum airfare in accessible, remote (STOL) and tourist sectors. Currently, the airline companies are implementing the airfare determined by CAAN in the year <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span> for the accessible sector and in the remote sector in <span style="font-family:"Arial Unicode MS","sans-serif"">2075</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Airline companies have repeatedly requested the government to increase the airfare saying that the airfare has not been reviewed for a long time. The authority is now prepared to review airfare. CAAN’s Information Officer Gyanendra Bhul said that since the airfare determined seven years ago is still being implemented, so it be reviewed in a timely manner. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">He said that CAAN has formed a committee and held discussions with the stakeholders. This committee will prepare a modality for airfare and recommend it to the Ministry of Culture, Tourism and Civil Aviation. The committee will submit a report with recommendations to the ministry regarding the review of airfare within three months. The proposal to increase the airfare will be submitted to the Council of Ministers. The new airfare for domestic flights will be implemented after the cabinet approves the proposal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>Since it is a technical matter, the data of the affiliated airlines is required for this," said Bhul, adding, "The price of aircraft spare parts and the exchange rate of US dollar were different seven years ago. Therefore, the airfare will obviously increase after the review.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">CAAN determines the minimum and maximum airfare and the airline companies set prices based on demand and supply within the limit. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Apart from the fare set by CAAN, the price of air fuel is also included in the air ticket purchased by the passengers. Airline companies levy fuel surcharge on the basis of its price hike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rupesh Joshi, the marketing manager of Buddha Air, a private sector air service provider company, said that they have been asking for an increase in airfare since a long time. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"The air fare that should be increased every two years has not been increased for seven years," said Joshi, adding, "The price of dollar has increased significantly in seven years and the aviation sector has requested the government to review the airfare.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19896', 'image' => '20240205122010_20220627124039_Airport.width-1024.jpg', 'article_date' => '2024-02-05 12:19:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20168', 'article_category_id' => '1', 'title' => 'Police to Look into Cases of Usury', 'sub_title' => '', 'summary' => 'February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ministry has issued a procedure for the investigation and settlement of cases related to unfair transactions involving excessive interest rates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Complaints regarding loan sharking and usury, which were previously sent to the district administration office by the commission, will now be sent to the district police office. Also, the police have been instructed to register new complaints.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The police will try to reconcile the cases related to usury that are currently under consideration as well as the new cases. If reconciliation cannot be done within a certain time, the police will collect necessary evidence and the take action according to Section 32 of the Civil Code of Criminal Procedure 2074. The Ministry of Home Affairs has sent the new procedure to all district administration offices and instructed them to follow it accordingly.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19895', 'image' => '20240205113948_905x525-moha.jpg', 'article_date' => '2024-02-05 11:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20185', 'article_category_id' => '1', 'title' => 'Revenue Worth Rs 790 Million Collected From Traffic Violators', 'sub_title' => '', 'summary' => 'Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 7: Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The revenue was obtained through action taken against 1,052,055 drivers during this period. The significant portion of the revenue came from the Kathmandu Valley at Rs 322.2 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Koshi province contributed Rs 78.7 million, Madhes Province had Rs 100.5 million, Bagmati Province Rs 70.8 million, and Gandaki Province Rs 81.8 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Likewise, Lumbini Province contributed Rs 93.8 million, Karnali Rs 15.6 million, and Sudurpaschim province Rs 24.2 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, revenue was generated from various vehicle types. Trucks/tankers generated Rs 151.9 million, buses/mini-buses contributed to Rs 92 million, and cars/jeeps/vans Rs 189 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, tractors generated Rs 28.8 million, motorbikes Rs 311.7 million, and tempos and other vehicles Rs 25.3 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Over 1.52 million vehicle drivers faced action during this period, with motorbike riders receiving the highest number of penalties for violating traffic rules, according to the Central Police News Room. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-07', 'modified' => '2024-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '19912', 'image' => '20240207082345_collage (25).jpg', 'article_date' => '2024-02-07 08:21:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20184', 'article_category_id' => '1', 'title' => 'NEPSE Gains 9.44 Points, Closing at 2085.71', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">February 6: The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading session, 315 scrips were traded on the NEPSE through 66,559 transactions. A total of 7,624,376 shares changed hands, resulting in a total turnover amount of Rs 2.59 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Himalayan Reinsurance Limited (HRL) led the turnover amount with a total transaction of Rs 33 crores, closing at a market price of Rs 704.90 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samaj Laghubitta Bittaiya Sanstha Limited (SAMAJ) recorded the highest gain at 9.99%, closing at a market price of Rs 763 per share. Conversely, Samling Power Company (SPC) experienced the maximum loss at 10%, closing at a market price of Rs 616 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory except for the Others Index and Trading Index. The Manufacturing and Processing Index gained the highest at 1.08%, while the Banking SubIndex posted the least gain at 0.18%. </span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19911', 'image' => '20240206034506_collage (5).jpg', 'article_date' => '2024-02-06 15:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20183', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 25 Percent', 'sub_title' => '', 'summary' => 'February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday, remittance inflows in terms of the US dollar increased 22.6 percent to 5.52 billion in the review period compared to an increase of 13.9 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the review period, the number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stood at 207,970 while those taking approval for renew entry stood at 135,435. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the previous year, such numbers were 275,643 and 142,548 respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the net transfer increased 24 percent to Rs 799.51 billion in the review period. Such a transfer had increased 22.7 percent in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19910', 'image' => '20240206025814_Remittance.jpg', 'article_date' => '2024-02-06 14:57:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20182', 'article_category_id' => '1', 'title' => 'Nepal’s Trade Deficit Declines by 2.6 Percent in Six Months of Current FY', 'sub_title' => '', 'summary' => 'February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday states that the trade deficit had decreased 19.2 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period this year, merchandise exports decreased 7.2 percent to Rs 74.97 billion compared to a decrease of 32 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 12.8 percent whereas exports to China and other countries increased 370.9 percent and 1.3 percent respectively. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, juice, readymade garments, ginger among others increased whereas exports of palm oil, soybean oil, tea, woolen carpet, rosin, among others decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal’s merchandise imports decreased 3.1 percent to Rs 768.17 billion in the review period compared to a decrease of 20.7 percent a year ago. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India and other countries decreased 2.4 percent and 25.7 percent respectively while imports from China increased 34 percent. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Imports of readymade garments, electrical equipment, MS wire rod, bars, and coils, textiles, transport equipment, vehicle and spare parts, among others increased whereas imports of gold, crude soybean oil, crude palm oil, rice/paddy, petroleum products, among others decreased. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Based on customs points, exports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Mechi, Nepalgunj, Rasuwa, Tatopani customs and Tribhuwan International Airport Customs Office increased whereas exports from all the other major customs points decreased in the review period. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the import side, imports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Nepalgunj, Rasuwa and Tatopani customs offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio declined to 9.8 percent in the review period from 10.2 percent in the corresponding period of the previous year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19909', 'image' => '20240206025715_Trade.jpg', 'article_date' => '2024-02-06 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20181', 'article_category_id' => '1', 'title' => 'Foreign Exchange Reserves at an All-Time High: NRB Report', 'sub_title' => 'Current Account, BoP in Surplus in First Half of Current Fiscal Year', 'summary' => 'February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report of the country published by the Nepal Rastra Bank on Tuesday, the country’s foreign currency reserves can support the import of goods and services for one year till the end of January of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report states: “Based on the imports of six months of 2023/24, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 14.5 months, and merchandise and services imports of 12.1 months.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the gross foreign exchange reserves increased 18.0 percent to Rs 1816.57 billion in mid-January 2024 from Rs 1539.36 billion in mid-July 2023. In the US dollar terms, the gross foreign exchange reserves increased 16.9 percent to 13.69 billion in mid-January 2024 from 11.71 billion in mid-July 2023. This is the highest foreign exchange reserve recorded till date. The foreign currency reserve is larger than the size of Nepal's annual budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 18.9 percent to Rs 1600.23 billion in mid-January 2024 from Rs 1345.78 billion in mid-July 2023. Likewise, the reserves held by banks and financial institutions (except NRB) increased 11.8 percent to Rs 216.35 billion in mid-January 2024 from Rs 193.59 billion in mid-July 2023. The share of Indian currency in total reserves stood at 22.5 percent in mid- January 2024, according to the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 33.8 percent, 100.9 percent and 27.7 percent respectively in mid-January 2024. Such ratios were 28.6 percent, 83 percent and 25 percent respectively in mid-July 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a surplus of Rs 161.62 billion in the review period against a deficit of Rs 35.57 billion in the same period of the previous year. In the US Dollar terms, the current account registered a surplus of 1.21 billion in the review period against a deficit of 279.6 million in the same period last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer decreased 30 percent to Rs 3.11 billion and net foreign direct investment (FDI) remained a positive of Rs 4.53 billion. In the same period of the previous year, capital transfer amounted to Rs 4.43 billion and the net FDI amounted to Rs 749.4 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a surplus of Rs.273.52 billion in the review period against<br /> a surplus of Rs.92.15 billion in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19908', 'image' => '20240206023935_20230207114205_FER - Copy.jpg', 'article_date' => '2024-02-06 14:38:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20180', 'article_category_id' => '1', 'title' => 'KMC Installs 1,026 Smart Lights in the Metropolis', 'sub_title' => '', 'summary' => 'February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. Under this initiative, the KMC installed 318 lights in Maharajganj-Lainchaur-Jamal section, 363 in the Maharajgunj National Police Academy-Baluwatar-Naxal-Maitighar Mandala route, 181 from Kamalpokhari to Gaushala, 76 along the Tripureshwor-Thapathali-Maitighar Mandala road, and 99 in Chabahil-Boudha road section.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Padma Raj Paudel, electrical engineer of the KMC, 120-watt lights have been installed on wider roads and 90-watt lights have been installed on narrow roads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC officials said that modern street lights have been installed to enhance traffic management, ensure public safety, and contribute to social security during night time. The KMC undertook this initiative in collaboration with the Nepal Electricity Authority (NEA) and the Department of Roads (DoR).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC had signed an agreement with the NEA on February 7, 2023 for installing the smart lights under this project worth Rs 119.9 million. As per the agreement, the KMC will bear 60 percent cost of the project and the NEA will bear 40 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Once installed, all lights will be integrated into a unified system, allowing for convenient control such as adjusting brightness, dimming, and turning lights off or on, all managed from a centralized screen.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19907', 'image' => '20240206020209_Smart-lights-installation-Kathmandu-Lalitpur-.jpg', 'article_date' => '2024-02-06 14:01:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20177', 'article_category_id' => '1', 'title' => 'Cultivation Area of Red Lentil Decreasing in Nepal', 'sub_title' => '', 'summary' => 'February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years. The data of the Ministry of Agriculture and Livestock Development shows that the area of land where red lentils are cultivated has decreased. The production of red lentil has also decreased due to the decline in farming area. As a result, imports have increased while exports have decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the ministry, <span style="font-family:"Arial Unicode MS","sans-serif"">262,835</span> metric tons of red lentils were produced in Nepal in the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2076/77. </span>According to the data of the ministry, red lentil was cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">212</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">876</span> hectares of land that year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the following years, the area of cultivation of red lentils has been decreasing. In FY <span style="font-family:"Arial Unicode MS","sans-serif"">2077/78</span>, red lentils were cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">202</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">416</span> hectares of land. According to government data, <span style="font-family:"Arial Unicode MS","sans-serif"">246,000</span> metric tons of red lentil were produced that year. By the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span>, the production area reduced to <span style="font-family:"Arial Unicode MS","sans-serif"">198,400</span> hectares and the production stood at <span style="font-family:"Arial Unicode MS","sans-serif"">252,000</span> metric tons. The ministry has classified red lentils as the main legume crop of Nepal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Joint Secretary of the Ministry Dr Ram Krishna Shrestha said that the attraction of farmers towards red lentil cultivation is decreasing. The attraction of farmers in red lentil cultivation is gradually decreasing due to various factors such as the outbreak of diseases, the complicated process of planting crops, the risk of crop destruction due to winter rains. During the winter, farmers are more attracted towards maize cultivation than lentil farming, he said. Dr Shrestha added that there is also a problem in competing in the market because red lentil produced in Nepal is more expensive than those imported from abroad. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the Department of Customs, <span style="font-family:"Arial Unicode MS","sans-serif"">7,766</span> metric tons of red lentils worth Rs 781 million in the first six months of the current fiscal year. During the same period, around <span style="font-family:"Arial Unicode MS","sans-serif"">2100</span> metric tons of red lentils worth <span style="font-family:"Arial Unicode MS","sans-serif"">302</span>.<span style="font-family:"Arial Unicode MS","sans-serif"">6</span> million were exported from Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rahul Agarwal, vice president of Nepal Rice Oil and Lentil Industry Association, said that Nepali agriculture is lagging behind lack of attention of the state in marketing the produced crops, farmers not getting fertilizer on time and farmers not being encouraged. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to him, until a few years ago, the government used to give incentives of up to <span style="font-family:"Arial Unicode MS","sans-serif"">4 </span>percent in customs duty for exporting red lentils. It has been stopped now. Instead, the businessmen complain that the government is now charging more export duty. In the past, Nepal exported lentils to Bangladesh, Canada, Australia and other countries. Agarwal said that after the removal of incentives, exports have decreased and imports have increased.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19904', 'image' => '20240206122334_red-lentils-in-wood-bowl.jpg', 'article_date' => '2024-02-06 12:22:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20176', 'article_category_id' => '1', 'title' => 'Financial Procedure and Fiscal Accountability Ordinance tabled in NA Meeting ', 'sub_title' => '', 'summary' => 'February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Prakash Sharan Mahat presented the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance, 2080 at the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel had issued the ordinance on January 18 upon the recommendation of the Council of Ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the amendment drafting committee's report on NA Regulations, 2075 was also tabled at the NA meeting on Monday by the committee president Suresh Kumar Ale. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, Minister for Agriculture Beduram Bhusal on behalf of the Minister for Law, Justice and Parliamentary Affairs Dhanraj Gurung tabled an order in the NA to remove the obstacles as per Section 42 of the Commission for the Investigation of Enforced Disappeared Persons, Truth and Reconciliation Commission Act, 2071. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the NA is scheduled to be held at 11:01 am on Wednesday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19903', 'image' => '20240206113412_Parliament.jpg', 'article_date' => '2024-02-06 11:33:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20175', 'article_category_id' => '1', 'title' => 'NAC Provides Free Air Tickets to Cancer Patients on Kathmandu-Delhi-Kathmandu Flights ', 'sub_title' => '', 'summary' => 'February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Ramesh Poudel told RSS that the national flag-carrier has been providing 100 percent concession to the cancer patients and up to 50 percent concession to their attendants for the airfare on this route as part of its corporate social responsibility. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said in a press statement released on the occasion of the World Cancer Day, 2024 that it has been providing this concession on airfare to the cancer patients and their attendant on the basis of the doctor's report and the recommendation of Nepal Cancer Relief Society. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19902', 'image' => '20240206105643_naccccc.jpg', 'article_date' => '2024-02-06 10:55:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20173', 'article_category_id' => '1', 'title' => 'Redmi Note 13 Series Launched in Nepal', 'sub_title' => '', 'summary' => 'Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 6: Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">With powerful processors and high-quality cameras, the company has pledged to cater a new experience to the customers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Redmi 13 series aims to provide new styles, performance, and innovation, delivering high-quality technology to the Nepali market, according to the company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">These mobile phones, with various features, will be available at different prices, along with various offers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> According to the company, the price of these mobile phones ranges from Rs 24,999 to Rs 52,999. Additionally, customers will receive various gifts with the purchase of the mobile. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19900', 'image' => '20240206061754_collage (24).jpg', 'article_date' => '2024-02-06 06:16:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '20172', 'article_category_id' => '1', 'title' => 'Construction of Bahrabise Substation in Final Stage', 'sub_title' => '', 'summary' => 'February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage. According to the Nepal Electricity Authority (NEA), the construction of the final phase of the substation is in full swing with a target of completing the work within two months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the NEA, the overall progress of the substation construction has reached about 95 percent. Another 400 KV substation is also under construction in Bahrabise. Electricity of the 102 megawatts produced by the Mid-Bhotekoshi Hydroelectric Project (MBKHEP) built in Sindhupalchowk under the leadership of Chilime Hydropower Company Limited, a subsidiary of NEA, will be connected to this substation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The electricity generated from MBKHEP will be connected to Bahrabise substation through a 220 KV transmission line. The construction of the transmission line has been obstructed due to the protests led by the residents of Palanti in Bahrabise Municipality-3 and 4. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The NEA is under pressure to complete the Bahrabise substation as soon as possible to prevent the electricity generated from the project from being wasted without being connected to the national transmission line.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After monitoring the substation construction site on Saturday, NEA Managing Director Kulman Ghising instructed the contractor to complete the construction of the substation within two months by adding more manpower.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The construction of the substation has been delayed due to the Covid-19 pandemic and the poor performance of the joint venture of Guangxi Transmission and Substation Construction Co and Shenzen Electronics Co Ltd which was awarded the contract for the construction of twelve substations. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19899', 'image' => '20240205014226_substation.jpg', 'article_date' => '2024-02-05 13:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20171', 'article_category_id' => '1', 'title' => 'Lawmakers to Follow Calendar from Now Onwards', 'sub_title' => '', 'summary' => 'February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. Although this practice is implemented in many countries of the world, it is a new concept in Nepal. Until now, the parliament used to run mainly on the basis of the understanding between political parties and the government but from now on, the business of the House of Representatives and the National Assembly will be conducted strictly on the basis of the calendar.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has already prepared the calendar. The calendar includes the dates on which days the House will run and what kind of bills will be presented on those particular dates. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Deputy Speaker of the House of Representatives Indira Rana, this exercise will play an important role in making the work of the parliament effective. She said that the Houses of many countries of the world, including America and European countries, run according to the calendar. Nepal also adopted this system as it was deemed necessary in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Due to the lack of a calendar, important bills such as the bill on money laundering, the bill to amend the Truth and Reconciliation Commission Act, <span style="font-family:"Arial Unicode MS","sans-serif"">2071 (</span>TRC) and the Commission for the Investigation of Enforced Disappeared Persons have been stalled. Following the calendar is expected to overcome this situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>The date of submission of important bills to the Parliament has already been fixed. As soon as such bills come to the House according to the schedule, it is expected that the lawmaking process will speed up," Deputy Speaker Rana said in a conversation with New Business Age. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">She said that the government will be more responsible for drafting the laws as the government will have to present the bills in parliament. According to Deputy Speaker Rana, long-term planning is also being discussed in the calendar. At p resent, a two<span style="font-family:"Arial Unicode MS","sans-serif"">-</span>month calendar has been prepared for conducting the meetings of the House of Representatives and the National Assembly.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has called a meeting on Monday to inform the parliamentarians about the calendar. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the proposed calendar prepared by the Parliament Secretariat, the parliament meeting will be conducted only for three days a week. In the remaining three days, MPs can go to the parliamentary committees or constituencies to work.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the schedule prepared by the Parliament Secretariat, there will always be zero hour on the day when the Parliament is in session. During the zero hour, parliamentarians get one minute to speak in alphabetical order. But there will not be a special hour in every meeting. At special hours, parties get time based on their party status. Such a special hour will be held only during one meeting. The House of Representatives has now prepared a possible work schedule up to February 27. Since the government has to call the budget session soon, the winter session that started on February 5 will not be prolonged and the calendar has been prepared only until February 27.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the probable calendar of the House of Representatives, the meeting will be held only for <span style="font-family:"Arial Unicode MS","sans-serif"">3</span> days on February 5, 7 and 8. The meeting of parliament will be held from <span style="font-family:"Arial Unicode MS","sans-serif"">11</span> am. If the parliament runs according to the schedule, the parliamentarians will be able to directly question the prime minister on February 8. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On February 5, the Finance Ministry will introduce the Fiscal Procedures and Financial Accountability (First Amendment) Ordinance <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>, followed by the clause-wise discussion and passage of the bill to amend certain laws related to prevention of money laundering and promotion of business environment, <span style="font-family:"Arial Unicode MS","sans-serif"">2079 </span>on February 7. On February 8, there will be a general discussion on banking offense and punishment bill (Second Amendment) and approval of the Fiscal Procedure and Financial Accountability (First Amendment) Ordinance, <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Parliament Secretariat, matters such as resolution proposals to be registered by parliamentarians, motions of public importance will be discussed on Friday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19898', 'image' => '20240205014113_Parliament RSS 800.jpg', 'article_date' => '2024-02-05 13:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20170', 'article_category_id' => '1', 'title' => 'Investors Show Little Attraction towards Shares of Commercial Banks', 'sub_title' => '', 'summary' => 'February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks. Although this segment is strong in terms of market capitalization, the shares of commercial banks are the cheapest in recent days.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The number of commercial banks currently stands at 20 following the merger and acquisition of banks. Experts say that the market price of commercial banks along with their income per share have taken a nosedive because the banks could not increase their business in proportion to the increase in their capital after merger and acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Looking at the quarterly financial statements of the banks after the merger, the key indicators seem to be weak. The banks admitted that the market price along with their income per share has gone down significantly as they could not increase their business in tandem with the increase in their capital.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors are not particularly attracted to shares of commercial banks even though they have the ability to significantly change the indices of the secondary market of securities. Experts say that the main reason for this is that the income of banks is decreasing day by day. As the number of shares of these companies is large, the scattering of shares in the hands of many is considered as another reason for the decline in profit. Since the shares are in the hands of many people, it is not possible to get huge capital gains by using them like shares of other sectors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEPSE index reached 3200 points on August 18, 2021. Investor Kulraj Paudel, who had bought shares of Nabil Bank at Rs 1,600 per share during that period, is now panicking as the value of the shares has dropped to Rs 477. His question is - when will the share price of this company reach Rs 1600? Paudel said that even after receiving dividend for two fiscal years, he still faces losses of more than 65 percent. Along with Paudel, many other investors have been expressing their greviances on social media about the declining share price of commercial banks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Experienced investors say that this time is suitable for short-term or long-term investments as the share prices of commercial banks have fallen to a low point.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Lately, traders have been pushing up the share price of companies with little capital. Another point to note is that banks have a lot of capital but their financial statements are not sound.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors do not want to hold shares for a long time. They are more attracted to the shares which gives quick profit. This is the reason why investors are not attracted to the shares of commercial bank, according to stock market analysts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The share price of nine banks is below Rs 200. The share prices of Kumari Bank, Prabhu Bank, Citizens Bank, Laxmi Sunrise Bank, Nepal Investment Mega Bank, Machhapuchhre Bank, NMB Bank, Global IME Bank and Himalayan Bank are below Rs 200 per share. Among the commercial banks, Standard Chartered Bank, the most expensive, was trading its shares at Rs 532 per share and Kumari Bank, the cheapest, was trading at Rs 149 when the market closed on Sunday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As of now, 12 commercial banks have declared dividends from the profits of the last fiscal year. Seven of them have decided not to distribute dividends from last year's profits.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Himalayan <strong>Bank</strong>, NMB <strong>Bank</strong>, Prime Commercial <strong>Bank</strong>, Kumari <strong>Bank</strong>, Prabhu <strong>Bank</strong>, Nepal Investment Mega <strong>Bank</strong> and Nepal Bank have decided not to give dividends to the shareholders from last year's profits. Agriculture Development Bank has not yet made a decision regarding its dividend.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19897', 'image' => '20240205010611_Banks - Copy.jpg', 'article_date' => '2024-02-05 13:04:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20169', 'article_category_id' => '1', 'title' => 'CAAN Preparing to Hike Domestic Airfare', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. The authority has formed a committee to review domestic airfare. Once the study is over, CAAN is likely to increase the airfare determined seven years ago by <span style="font-family:"Arial Unicode MS","sans-serif"">20</span> to <span style="font-family:"Arial Unicode MS","sans-serif"">25</span> percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Domestic Airfare Regulation Guideline <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span>, CAAN enjoys the right to determine the airfare specifically for three different sectors. Accordingly, CAAN determines the minimum and maximum airfare in accessible, remote (STOL) and tourist sectors. Currently, the airline companies are implementing the airfare determined by CAAN in the year <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span> for the accessible sector and in the remote sector in <span style="font-family:"Arial Unicode MS","sans-serif"">2075</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Airline companies have repeatedly requested the government to increase the airfare saying that the airfare has not been reviewed for a long time. The authority is now prepared to review airfare. CAAN’s Information Officer Gyanendra Bhul said that since the airfare determined seven years ago is still being implemented, so it be reviewed in a timely manner. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">He said that CAAN has formed a committee and held discussions with the stakeholders. This committee will prepare a modality for airfare and recommend it to the Ministry of Culture, Tourism and Civil Aviation. The committee will submit a report with recommendations to the ministry regarding the review of airfare within three months. The proposal to increase the airfare will be submitted to the Council of Ministers. The new airfare for domestic flights will be implemented after the cabinet approves the proposal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>Since it is a technical matter, the data of the affiliated airlines is required for this," said Bhul, adding, "The price of aircraft spare parts and the exchange rate of US dollar were different seven years ago. Therefore, the airfare will obviously increase after the review.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">CAAN determines the minimum and maximum airfare and the airline companies set prices based on demand and supply within the limit. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Apart from the fare set by CAAN, the price of air fuel is also included in the air ticket purchased by the passengers. Airline companies levy fuel surcharge on the basis of its price hike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rupesh Joshi, the marketing manager of Buddha Air, a private sector air service provider company, said that they have been asking for an increase in airfare since a long time. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"The air fare that should be increased every two years has not been increased for seven years," said Joshi, adding, "The price of dollar has increased significantly in seven years and the aviation sector has requested the government to review the airfare.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19896', 'image' => '20240205122010_20220627124039_Airport.width-1024.jpg', 'article_date' => '2024-02-05 12:19:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20168', 'article_category_id' => '1', 'title' => 'Police to Look into Cases of Usury', 'sub_title' => '', 'summary' => 'February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ministry has issued a procedure for the investigation and settlement of cases related to unfair transactions involving excessive interest rates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Complaints regarding loan sharking and usury, which were previously sent to the district administration office by the commission, will now be sent to the district police office. Also, the police have been instructed to register new complaints.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The police will try to reconcile the cases related to usury that are currently under consideration as well as the new cases. If reconciliation cannot be done within a certain time, the police will collect necessary evidence and the take action according to Section 32 of the Civil Code of Criminal Procedure 2074. The Ministry of Home Affairs has sent the new procedure to all district administration offices and instructed them to follow it accordingly.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19895', 'image' => '20240205113948_905x525-moha.jpg', 'article_date' => '2024-02-05 11:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '20185', 'article_category_id' => '1', 'title' => 'Revenue Worth Rs 790 Million Collected From Traffic Violators', 'sub_title' => '', 'summary' => 'Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 7: Revenue totaling Rs 797.1 million was collected from road traffic violators nationwide during the first six months of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The revenue was obtained through action taken against 1,052,055 drivers during this period. The significant portion of the revenue came from the Kathmandu Valley at Rs 322.2 million. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Similarly, Koshi province contributed Rs 78.7 million, Madhes Province had Rs 100.5 million, Bagmati Province Rs 70.8 million, and Gandaki Province Rs 81.8 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Likewise, Lumbini Province contributed Rs 93.8 million, Karnali Rs 15.6 million, and Sudurpaschim province Rs 24.2 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Furthermore, revenue was generated from various vehicle types. Trucks/tankers generated Rs 151.9 million, buses/mini-buses contributed to Rs 92 million, and cars/jeeps/vans Rs 189 million.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Additionally, tractors generated Rs 28.8 million, motorbikes Rs 311.7 million, and tempos and other vehicles Rs 25.3 million. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Over 1.52 million vehicle drivers faced action during this period, with motorbike riders receiving the highest number of penalties for violating traffic rules, according to the Central Police News Room. (RSS)</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-07', 'modified' => '2024-02-07', 'keywords' => '', 'description' => '', 'sortorder' => '19912', 'image' => '20240207082345_collage (25).jpg', 'article_date' => '2024-02-07 08:21:54', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 1 => array( 'Article' => array( 'id' => '20184', 'article_category_id' => '1', 'title' => 'NEPSE Gains 9.44 Points, Closing at 2085.71', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">February 6: The Nepal Stock Exchange (NEPSE) Index witnessed a rise of 9.44 points, or 0.45%, closing at 2085.71 on the third trading day of the week, Tuesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading session, 315 scrips were traded on the NEPSE through 66,559 transactions. A total of 7,624,376 shares changed hands, resulting in a total turnover amount of Rs 2.59 billion.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Himalayan Reinsurance Limited (HRL) led the turnover amount with a total transaction of Rs 33 crores, closing at a market price of Rs 704.90 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samaj Laghubitta Bittaiya Sanstha Limited (SAMAJ) recorded the highest gain at 9.99%, closing at a market price of Rs 763 per share. Conversely, Samling Power Company (SPC) experienced the maximum loss at 10%, closing at a market price of Rs 616 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory except for the Others Index and Trading Index. The Manufacturing and Processing Index gained the highest at 1.08%, while the Banking SubIndex posted the least gain at 0.18%. </span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19911', 'image' => '20240206034506_collage (5).jpg', 'article_date' => '2024-02-06 15:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 2 => array( 'Article' => array( 'id' => '20183', 'article_category_id' => '1', 'title' => 'Remittance Inflow Increases by 25 Percent', 'sub_title' => '', 'summary' => 'February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: Inflow of Remittance into Nepal increased 25.3 percent to Rs 733.22 billion in the first six months of the current fiscal year compared to an increase of 24.3 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday, remittance inflows in terms of the US dollar increased 22.6 percent to 5.52 billion in the review period compared to an increase of 13.9 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">During the review period, the number of Nepali workers, both institutional and individual, taking first-time approval for foreign employment stood at 207,970 while those taking approval for renew entry stood at 135,435. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the previous year, such numbers were 275,643 and 142,548 respectively. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Similarly, the net transfer increased 24 percent to Rs 799.51 billion in the review period. Such a transfer had increased 22.7 percent in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19910', 'image' => '20240206025814_Remittance.jpg', 'article_date' => '2024-02-06 14:57:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '20182', 'article_category_id' => '1', 'title' => 'Nepal’s Trade Deficit Declines by 2.6 Percent in Six Months of Current FY', 'sub_title' => '', 'summary' => 'February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: Nepal’s trade deficit decreased 2.6 percent to Rs 693.20 billion in the first six months of the current fiscal year, according to the latest report of Nepal Rastra Bank.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Current Macroeconomic and Financial Situation Report published by Nepal Rastra Ban on Tuesday states that the trade deficit had decreased 19.2 percent in the corresponding period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">During the review period this year, merchandise exports decreased 7.2 percent to Rs 74.97 billion compared to a decrease of 32 percent in the same period of the previous year. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, exports to India decreased 12.8 percent whereas exports to China and other countries increased 370.9 percent and 1.3 percent respectively. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Exports of zinc sheet, particle board, juice, readymade garments, ginger among others increased whereas exports of palm oil, soybean oil, tea, woolen carpet, rosin, among others decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Similarly, Nepal’s merchandise imports decreased 3.1 percent to Rs 768.17 billion in the review period compared to a decrease of 20.7 percent a year ago. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Destination-wise, imports from India and other countries decreased 2.4 percent and 25.7 percent respectively while imports from China increased 34 percent. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Imports of readymade garments, electrical equipment, MS wire rod, bars, and coils, textiles, transport equipment, vehicle and spare parts, among others increased whereas imports of gold, crude soybean oil, crude palm oil, rice/paddy, petroleum products, among others decreased. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Based on customs points, exports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Mechi, Nepalgunj, Rasuwa, Tatopani customs and Tribhuwan International Airport Customs Office increased whereas exports from all the other major customs points decreased in the review period. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On the import side, imports from Bhairahawa, Birgunj Dry Port, Jaleshwar, Kanchanpur, Krishnanagar, Nepalgunj, Rasuwa and Tatopani customs offices increased whereas imports from all the other major customs points decreased in the review period.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The export-import ratio declined to 9.8 percent in the review period from 10.2 percent in the corresponding period of the previous year.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19909', 'image' => '20240206025715_Trade.jpg', 'article_date' => '2024-02-06 14:56:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '20181', 'article_category_id' => '1', 'title' => 'Foreign Exchange Reserves at an All-Time High: NRB Report', 'sub_title' => 'Current Account, BoP in Surplus in First Half of Current Fiscal Year', 'summary' => 'February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 6: There has been a significant improvement in the external sector indicators of the economy during the first half of the current fiscal year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the Current Macroeconomic and Financial Situation Report of the country published by the Nepal Rastra Bank on Tuesday, the country’s foreign currency reserves can support the import of goods and services for one year till the end of January of the current year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The report states: “Based on the imports of six months of 2023/24, the foreign exchange reserves of the banking sector is sufficient to cover the prospective merchandise imports of 14.5 months, and merchandise and services imports of 12.1 months.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the NRB, the gross foreign exchange reserves increased 18.0 percent to Rs 1816.57 billion in mid-January 2024 from Rs 1539.36 billion in mid-July 2023. In the US dollar terms, the gross foreign exchange reserves increased 16.9 percent to 13.69 billion in mid-January 2024 from 11.71 billion in mid-July 2023. This is the highest foreign exchange reserve recorded till date. The foreign currency reserve is larger than the size of Nepal's annual budget.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Of the total foreign exchange reserves, reserves held by NRB increased 18.9 percent to Rs 1600.23 billion in mid-January 2024 from Rs 1345.78 billion in mid-July 2023. Likewise, the reserves held by banks and financial institutions (except NRB) increased 11.8 percent to Rs 216.35 billion in mid-January 2024 from Rs 193.59 billion in mid-July 2023. The share of Indian currency in total reserves stood at 22.5 percent in mid- January 2024, according to the report.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ratio of reserves-to-GDP, reserves-to-imports and reserves-to-M2 stood at 33.8 percent, 100.9 percent and 27.7 percent respectively in mid-January 2024. Such ratios were 28.6 percent, 83 percent and 25 percent respectively in mid-July 2023.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The current account remained at a surplus of Rs 161.62 billion in the review period against a deficit of Rs 35.57 billion in the same period of the previous year. In the US Dollar terms, the current account registered a surplus of 1.21 billion in the review period against a deficit of 279.6 million in the same period last year.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">In the review period, capital transfer decreased 30 percent to Rs 3.11 billion and net foreign direct investment (FDI) remained a positive of Rs 4.53 billion. In the same period of the previous year, capital transfer amounted to Rs 4.43 billion and the net FDI amounted to Rs 749.4 million.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Balance of Payments (BOP) remained at a surplus of Rs.273.52 billion in the review period against<br /> a surplus of Rs.92.15 billion in the same period of the previous year.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19908', 'image' => '20240206023935_20230207114205_FER - Copy.jpg', 'article_date' => '2024-02-06 14:38:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '20180', 'article_category_id' => '1', 'title' => 'KMC Installs 1,026 Smart Lights in the Metropolis', 'sub_title' => '', 'summary' => 'February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">February 6: Kathmandu Metropolitan City (KMC) has installed 1,026 smart street lights at various locations in the metropolis. Under this initiative, the KMC installed 318 lights in Maharajganj-Lainchaur-Jamal section, 363 in the Maharajgunj National Police Academy-Baluwatar-Naxal-Maitighar Mandala route, 181 from Kamalpokhari to Gaushala, 76 along the Tripureshwor-Thapathali-Maitighar Mandala road, and 99 in Chabahil-Boudha road section.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to Padma Raj Paudel, electrical engineer of the KMC, 120-watt lights have been installed on wider roads and 90-watt lights have been installed on narrow roads.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC officials said that modern street lights have been installed to enhance traffic management, ensure public safety, and contribute to social security during night time. The KMC undertook this initiative in collaboration with the Nepal Electricity Authority (NEA) and the Department of Roads (DoR).</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The KMC had signed an agreement with the NEA on February 7, 2023 for installing the smart lights under this project worth Rs 119.9 million. As per the agreement, the KMC will bear 60 percent cost of the project and the NEA will bear 40 percent.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Once installed, all lights will be integrated into a unified system, allowing for convenient control such as adjusting brightness, dimming, and turning lights off or on, all managed from a centralized screen.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19907', 'image' => '20240206020209_Smart-lights-installation-Kathmandu-Lalitpur-.jpg', 'article_date' => '2024-02-06 14:01:28', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '20177', 'article_category_id' => '1', 'title' => 'Cultivation Area of Red Lentil Decreasing in Nepal', 'sub_title' => '', 'summary' => 'February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 6: The production area of red lentil, a major crop of Nepal, is gradually decreasing in recent years. The data of the Ministry of Agriculture and Livestock Development shows that the area of land where red lentils are cultivated has decreased. The production of red lentil has also decreased due to the decline in farming area. As a result, imports have increased while exports have decreased.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the ministry, <span style="font-family:"Arial Unicode MS","sans-serif"">262,835</span> metric tons of red lentils were produced in Nepal in the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2076/77. </span>According to the data of the ministry, red lentil was cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">212</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">876</span> hectares of land that year.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the following years, the area of cultivation of red lentils has been decreasing. In FY <span style="font-family:"Arial Unicode MS","sans-serif"">2077/78</span>, red lentils were cultivated on <span style="font-family:"Arial Unicode MS","sans-serif"">202</span>,<span style="font-family:"Arial Unicode MS","sans-serif"">416</span> hectares of land. According to government data, <span style="font-family:"Arial Unicode MS","sans-serif"">246,000</span> metric tons of red lentil were produced that year. By the fiscal year <span style="font-family:"Arial Unicode MS","sans-serif"">2078/79</span>, the production area reduced to <span style="font-family:"Arial Unicode MS","sans-serif"">198,400</span> hectares and the production stood at <span style="font-family:"Arial Unicode MS","sans-serif"">252,000</span> metric tons. The ministry has classified red lentils as the main legume crop of Nepal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Joint Secretary of the Ministry Dr Ram Krishna Shrestha said that the attraction of farmers towards red lentil cultivation is decreasing. The attraction of farmers in red lentil cultivation is gradually decreasing due to various factors such as the outbreak of diseases, the complicated process of planting crops, the risk of crop destruction due to winter rains. During the winter, farmers are more attracted towards maize cultivation than lentil farming, he said. Dr Shrestha added that there is also a problem in competing in the market because red lentil produced in Nepal is more expensive than those imported from abroad. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the data of the Department of Customs, <span style="font-family:"Arial Unicode MS","sans-serif"">7,766</span> metric tons of red lentils worth Rs 781 million in the first six months of the current fiscal year. During the same period, around <span style="font-family:"Arial Unicode MS","sans-serif"">2100</span> metric tons of red lentils worth <span style="font-family:"Arial Unicode MS","sans-serif"">302</span>.<span style="font-family:"Arial Unicode MS","sans-serif"">6</span> million were exported from Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rahul Agarwal, vice president of Nepal Rice Oil and Lentil Industry Association, said that Nepali agriculture is lagging behind lack of attention of the state in marketing the produced crops, farmers not getting fertilizer on time and farmers not being encouraged. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to him, until a few years ago, the government used to give incentives of up to <span style="font-family:"Arial Unicode MS","sans-serif"">4 </span>percent in customs duty for exporting red lentils. It has been stopped now. Instead, the businessmen complain that the government is now charging more export duty. In the past, Nepal exported lentils to Bangladesh, Canada, Australia and other countries. Agarwal said that after the removal of incentives, exports have decreased and imports have increased.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19904', 'image' => '20240206122334_red-lentils-in-wood-bowl.jpg', 'article_date' => '2024-02-06 12:22:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '20176', 'article_category_id' => '1', 'title' => 'Financial Procedure and Fiscal Accountability Ordinance tabled in NA Meeting ', 'sub_title' => '', 'summary' => 'February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: The government tabled the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance in the National Assembly (NA) meeting on Monday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Minister Dr Prakash Sharan Mahat presented the Financial Procedure and Fiscal Accountability (First Amendment) Ordinance, 2080 at the meeting. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">President Ram Chandra Paudel had issued the ordinance on January 18 upon the recommendation of the Council of Ministers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, the amendment drafting committee's report on NA Regulations, 2075 was also tabled at the NA meeting on Monday by the committee president Suresh Kumar Ale. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, Minister for Agriculture Beduram Bhusal on behalf of the Minister for Law, Justice and Parliamentary Affairs Dhanraj Gurung tabled an order in the NA to remove the obstacles as per Section 42 of the Commission for the Investigation of Enforced Disappeared Persons, Truth and Reconciliation Commission Act, 2071. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The next meeting of the NA is scheduled to be held at 11:01 am on Wednesday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19903', 'image' => '20240206113412_Parliament.jpg', 'article_date' => '2024-02-06 11:33:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '20175', 'article_category_id' => '1', 'title' => 'NAC Provides Free Air Tickets to Cancer Patients on Kathmandu-Delhi-Kathmandu Flights ', 'sub_title' => '', 'summary' => 'February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">February 6: Nepal Airlines Corporation (NAC) has been providing free air transport facilities to the cancer patients on the Kathmandu-Delhi-Kathmandu route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">NAC Spokesperson Ramesh Poudel told RSS that the national flag-carrier has been providing 100 percent concession to the cancer patients and up to 50 percent concession to their attendants for the airfare on this route as part of its corporate social responsibility. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The NAC said in a press statement released on the occasion of the World Cancer Day, 2024 that it has been providing this concession on airfare to the cancer patients and their attendant on the basis of the doctor's report and the recommendation of Nepal Cancer Relief Society. --RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19902', 'image' => '20240206105643_naccccc.jpg', 'article_date' => '2024-02-06 10:55:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '20173', 'article_category_id' => '1', 'title' => 'Redmi Note 13 Series Launched in Nepal', 'sub_title' => '', 'summary' => 'Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">February 6: Xiaomi unveiled the Redmi Note 13 series in Nepal . Amidst a programme held on Monday, Xiaomi launched Redmi Note 13 series: Redmi Note 13 Pro 5G, Redmi Note 13 Pro, and Redmi Note 13 in Nepal on Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">With powerful processors and high-quality cameras, the company has pledged to cater a new experience to the customers. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Redmi 13 series aims to provide new styles, performance, and innovation, delivering high-quality technology to the Nepali market, according to the company. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">These mobile phones, with various features, will be available at different prices, along with various offers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif""> According to the company, the price of these mobile phones ranges from Rs 24,999 to Rs 52,999. Additionally, customers will receive various gifts with the purchase of the mobile. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-06', 'modified' => '2024-02-06', 'keywords' => '', 'description' => '', 'sortorder' => '19900', 'image' => '20240206061754_collage (24).jpg', 'article_date' => '2024-02-06 06:16:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '20172', 'article_category_id' => '1', 'title' => 'Construction of Bahrabise Substation in Final Stage', 'sub_title' => '', 'summary' => 'February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage.', 'content' => '<p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">February 5: The construction of a 220 KV substation in Bahrabise Municipality, Sindhupalchok has reached its final stage. According to the Nepal Electricity Authority (NEA), the construction of the final phase of the substation is in full swing with a target of completing the work within two months.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">According to the NEA, the overall progress of the substation construction has reached about 95 percent. Another 400 KV substation is also under construction in Bahrabise. Electricity of the 102 megawatts produced by the Mid-Bhotekoshi Hydroelectric Project (MBKHEP) built in Sindhupalchowk under the leadership of Chilime Hydropower Company Limited, a subsidiary of NEA, will be connected to this substation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The electricity generated from MBKHEP will be connected to Bahrabise substation through a 220 KV transmission line. The construction of the transmission line has been obstructed due to the protests led by the residents of Palanti in Bahrabise Municipality-3 and 4. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The NEA is under pressure to complete the Bahrabise substation as soon as possible to prevent the electricity generated from the project from being wasted without being connected to the national transmission line.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">After monitoring the substation construction site on Saturday, NEA Managing Director Kulman Ghising instructed the contractor to complete the construction of the substation within two months by adding more manpower.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:"Times New Roman","serif""><span style="font-family:"Arial","sans-serif"">The construction of the substation has been delayed due to the Covid-19 pandemic and the poor performance of the joint venture of Guangxi Transmission and Substation Construction Co and Shenzen Electronics Co Ltd which was awarded the contract for the construction of twelve substations. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19899', 'image' => '20240205014226_substation.jpg', 'article_date' => '2024-02-05 13:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '20171', 'article_category_id' => '1', 'title' => 'Lawmakers to Follow Calendar from Now Onwards', 'sub_title' => '', 'summary' => 'February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Both the Houses of the Federal Parliament will now run according to the calendar prepared by the Parliament Secretariat. Although this practice is implemented in many countries of the world, it is a new concept in Nepal. Until now, the parliament used to run mainly on the basis of the understanding between political parties and the government but from now on, the business of the House of Representatives and the National Assembly will be conducted strictly on the basis of the calendar.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has already prepared the calendar. The calendar includes the dates on which days the House will run and what kind of bills will be presented on those particular dates. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to Deputy Speaker of the House of Representatives Indira Rana, this exercise will play an important role in making the work of the parliament effective. She said that the Houses of many countries of the world, including America and European countries, run according to the calendar. Nepal also adopted this system as it was deemed necessary in Nepal. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Due to the lack of a calendar, important bills such as the bill on money laundering, the bill to amend the Truth and Reconciliation Commission Act, <span style="font-family:"Arial Unicode MS","sans-serif"">2071 (</span>TRC) and the Commission for the Investigation of Enforced Disappeared Persons have been stalled. Following the calendar is expected to overcome this situation.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>The date of submission of important bills to the Parliament has already been fixed. As soon as such bills come to the House according to the schedule, it is expected that the lawmaking process will speed up," Deputy Speaker Rana said in a conversation with New Business Age. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">She said that the government will be more responsible for drafting the laws as the government will have to present the bills in parliament. According to Deputy Speaker Rana, long-term planning is also being discussed in the calendar. At p resent, a two<span style="font-family:"Arial Unicode MS","sans-serif"">-</span>month calendar has been prepared for conducting the meetings of the House of Representatives and the National Assembly.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The Parliament Secretariat has called a meeting on Monday to inform the parliamentarians about the calendar. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the proposed calendar prepared by the Parliament Secretariat, the parliament meeting will be conducted only for three days a week. In the remaining three days, MPs can go to the parliamentary committees or constituencies to work.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the schedule prepared by the Parliament Secretariat, there will always be zero hour on the day when the Parliament is in session. During the zero hour, parliamentarians get one minute to speak in alphabetical order. But there will not be a special hour in every meeting. At special hours, parties get time based on their party status. Such a special hour will be held only during one meeting. The House of Representatives has now prepared a possible work schedule up to February 27. Since the government has to call the budget session soon, the winter session that started on February 5 will not be prolonged and the calendar has been prepared only until February 27.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the probable calendar of the House of Representatives, the meeting will be held only for <span style="font-family:"Arial Unicode MS","sans-serif"">3</span> days on February 5, 7 and 8. The meeting of parliament will be held from <span style="font-family:"Arial Unicode MS","sans-serif"">11</span> am. If the parliament runs according to the schedule, the parliamentarians will be able to directly question the prime minister on February 8. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">On February 5, the Finance Ministry will introduce the Fiscal Procedures and Financial Accountability (First Amendment) Ordinance <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>, followed by the clause-wise discussion and passage of the bill to amend certain laws related to prevention of money laundering and promotion of business environment, <span style="font-family:"Arial Unicode MS","sans-serif"">2079 </span>on February 7. On February 8, there will be a general discussion on banking offense and punishment bill (Second Amendment) and approval of the Fiscal Procedure and Financial Accountability (First Amendment) Ordinance, <span style="font-family:"Arial Unicode MS","sans-serif"">2080</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Parliament Secretariat, matters such as resolution proposals to be registered by parliamentarians, motions of public importance will be discussed on Friday.</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19898', 'image' => '20240205014113_Parliament RSS 800.jpg', 'article_date' => '2024-02-05 13:40:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '20170', 'article_category_id' => '1', 'title' => 'Investors Show Little Attraction towards Shares of Commercial Banks', 'sub_title' => '', 'summary' => 'February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: Of late, investors seem very little interested in purchasing the shares of commercial banks. Although this segment is strong in terms of market capitalization, the shares of commercial banks are the cheapest in recent days.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The number of commercial banks currently stands at 20 following the merger and acquisition of banks. Experts say that the market price of commercial banks along with their income per share have taken a nosedive because the banks could not increase their business in proportion to the increase in their capital after merger and acquisition.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Looking at the quarterly financial statements of the banks after the merger, the key indicators seem to be weak. The banks admitted that the market price along with their income per share has gone down significantly as they could not increase their business in tandem with the increase in their capital.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors are not particularly attracted to shares of commercial banks even though they have the ability to significantly change the indices of the secondary market of securities. Experts say that the main reason for this is that the income of banks is decreasing day by day. As the number of shares of these companies is large, the scattering of shares in the hands of many is considered as another reason for the decline in profit. Since the shares are in the hands of many people, it is not possible to get huge capital gains by using them like shares of other sectors.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The NEPSE index reached 3200 points on August 18, 2021. Investor Kulraj Paudel, who had bought shares of Nabil Bank at Rs 1,600 per share during that period, is now panicking as the value of the shares has dropped to Rs 477. His question is - when will the share price of this company reach Rs 1600? Paudel said that even after receiving dividend for two fiscal years, he still faces losses of more than 65 percent. Along with Paudel, many other investors have been expressing their greviances on social media about the declining share price of commercial banks.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Experienced investors say that this time is suitable for short-term or long-term investments as the share prices of commercial banks have fallen to a low point.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Lately, traders have been pushing up the share price of companies with little capital. Another point to note is that banks have a lot of capital but their financial statements are not sound.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Investors do not want to hold shares for a long time. They are more attracted to the shares which gives quick profit. This is the reason why investors are not attracted to the shares of commercial bank, according to stock market analysts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The share price of nine banks is below Rs 200. The share prices of Kumari Bank, Prabhu Bank, Citizens Bank, Laxmi Sunrise Bank, Nepal Investment Mega Bank, Machhapuchhre Bank, NMB Bank, Global IME Bank and Himalayan Bank are below Rs 200 per share. Among the commercial banks, Standard Chartered Bank, the most expensive, was trading its shares at Rs 532 per share and Kumari Bank, the cheapest, was trading at Rs 149 when the market closed on Sunday.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">As of now, 12 commercial banks have declared dividends from the profits of the last fiscal year. Seven of them have decided not to distribute dividends from last year's profits.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Himalayan <strong>Bank</strong>, NMB <strong>Bank</strong>, Prime Commercial <strong>Bank</strong>, Kumari <strong>Bank</strong>, Prabhu <strong>Bank</strong>, Nepal Investment Mega <strong>Bank</strong> and Nepal Bank have decided not to give dividends to the shareholders from last year's profits. Agriculture Development Bank has not yet made a decision regarding its dividend.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19897', 'image' => '20240205010611_Banks - Copy.jpg', 'article_date' => '2024-02-05 13:04:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '20169', 'article_category_id' => '1', 'title' => 'CAAN Preparing to Hike Domestic Airfare', 'sub_title' => '', 'summary' => 'February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">February 5: The Civil Aviation Authority of Nepal is preparing to hike the price of air tickets. The authority has formed a committee to review domestic airfare. Once the study is over, CAAN is likely to increase the airfare determined seven years ago by <span style="font-family:"Arial Unicode MS","sans-serif"">20</span> to <span style="font-family:"Arial Unicode MS","sans-serif"">25</span> percent.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the Domestic Airfare Regulation Guideline <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span>, CAAN enjoys the right to determine the airfare specifically for three different sectors. Accordingly, CAAN determines the minimum and maximum airfare in accessible, remote (STOL) and tourist sectors. Currently, the airline companies are implementing the airfare determined by CAAN in the year <span style="font-family:"Arial Unicode MS","sans-serif"">2073</span> for the accessible sector and in the remote sector in <span style="font-family:"Arial Unicode MS","sans-serif"">2075</span>.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Airline companies have repeatedly requested the government to increase the airfare saying that the airfare has not been reviewed for a long time. The authority is now prepared to review airfare. CAAN’s Information Officer Gyanendra Bhul said that since the airfare determined seven years ago is still being implemented, so it be reviewed in a timely manner. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">He said that CAAN has formed a committee and held discussions with the stakeholders. This committee will prepare a modality for airfare and recommend it to the Ministry of Culture, Tourism and Civil Aviation. The committee will submit a report with recommendations to the ministry regarding the review of airfare within three months. The proposal to increase the airfare will be submitted to the Council of Ministers. The new airfare for domestic flights will be implemented after the cabinet approves the proposal.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"</span>Since it is a technical matter, the data of the affiliated airlines is required for this," said Bhul, adding, "The price of aircraft spare parts and the exchange rate of US dollar were different seven years ago. Therefore, the airfare will obviously increase after the review.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">CAAN determines the minimum and maximum airfare and the airline companies set prices based on demand and supply within the limit. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Apart from the fare set by CAAN, the price of air fuel is also included in the air ticket purchased by the passengers. Airline companies levy fuel surcharge on the basis of its price hike.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Rupesh Joshi, the marketing manager of Buddha Air, a private sector air service provider company, said that they have been asking for an increase in airfare since a long time. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">"The air fare that should be increased every two years has not been increased for seven years," said Joshi, adding, "The price of dollar has increased significantly in seven years and the aviation sector has requested the government to review the airfare.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19896', 'image' => '20240205122010_20220627124039_Airport.width-1024.jpg', 'article_date' => '2024-02-05 12:19:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '20168', 'article_category_id' => '1', 'title' => 'Police to Look into Cases of Usury', 'sub_title' => '', 'summary' => 'February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">February 5: After the expiry of the term of the Commission to Probe Usury, the Ministry of Home Affairs has tasked the police to look into the pending cases as well as new complaints regarding loan sharking.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The ministry has issued a procedure for the investigation and settlement of cases related to unfair transactions involving excessive interest rates.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Complaints regarding loan sharking and usury, which were previously sent to the district administration office by the commission, will now be sent to the district police office. Also, the police have been instructed to register new complaints.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The police will try to reconcile the cases related to usury that are currently under consideration as well as the new cases. If reconciliation cannot be done within a certain time, the police will collect necessary evidence and the take action according to Section 32 of the Civil Code of Criminal Procedure 2074. The Ministry of Home Affairs has sent the new procedure to all district administration offices and instructed them to follow it accordingly.</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-02-05', 'modified' => '2024-02-05', 'keywords' => '', 'description' => '', 'sortorder' => '19895', 'image' => '20240205113948_905x525-moha.jpg', 'article_date' => '2024-02-05 11:38:59', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
