June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary…
June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary…
June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate.…
June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in…
June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to…
June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the…
June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event.…
June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit…
June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement a comapny informed that customers can use affordable data packs starting from 10 paisa per MB excluding…
June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective…
June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang.…
June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD…
June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner…
June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues.…
June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G…
June 28: The 9th annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s…
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' => '3875', 'article_category_id' => '1', 'title' => ''M-RuPaiya' for Advance Mobile Banking', 'sub_title' => '', 'summary' => 'June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.', 'content' => '<p style="text-align: justify;">June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.</p> <p style="text-align: justify;">The people without banking access of remote areas can get closer towards financial services such as depositing, withdrawing, transferring and remittance of money through this mobile service. Issuing a press statement, it has been informed that the newly launched mobile financial product will be available through 6,000+ Agents Network spread across the country. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3708', 'image' => '20160630125110_rupaiya.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3874', 'article_category_id' => '1', 'title' => 'Monetary Policy Needs to Challenge the Government: Economists', 'sub_title' => '', 'summary' => 'June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. ', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. Economists expressed their concerns on the issue in a program organised by Management Association of Nepal on June 29. The government in the budget for the fiscal year 2016/17 has set the growth target at 6.5 percent and lowering the inflation to 7.5 percent.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Monetary policy should also challenge the government. If it could not be done, then NRB should announce to maintain the inflation rate on-par with the rate projected by the Finance Ministry,” said former NRB Governor Dipendra Bahadur Chettri. Prof Dr Bishombhar Pyakurel and Tulraj Basyal also agreed with Chettri mentioning that NRB can do a very little to control the stubbornly high inflation rate.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“It is very difficult to control inflation. NRB alone cannot stop the flow of money,” Pyakurel said. “Our study has shown that inflation rises by 4 percent with 10 percent increment in liquidity.” He labelled the budget of upcoming FY as expansionary budget. “As inflation has spiked before the increase in the flow of money, it is not sure whether the inflation rate increases by 50 or 100 percent,” he informs. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, Tulraj Basyal opined that the government has encouraged inflation rate expectation by formulating an expansionary budget. He adds that low government expenses will also increase possibility of inflation growth. He presented statistics on NRB’s failure in controlling the current currency circulation. “Decrease in demand deposit indicates of degrading trust of general people in the economy.” </span></p> <p style="text-align:justify"><span style="font-size:13pt"><img alt="" src="/userfiles/images/monetary_policy_type%281%29.jpg" style="height:411px; width:700px" /></span></p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3707', 'image' => '20160630121052_monetary_policy.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3873', 'article_category_id' => '1', 'title' => 'New Version of 'Hamro Patro' With Additional Features', 'sub_title' => '', 'summary' => 'June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.', 'content' => '<p>June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.</p> <p>Issuing a press release, Hamro Patro informed that the upgraded version has added features such as horoscopes, detailed information about <em>Panchang,</em>, daily news updates, power-cut schedules, radio along with segments such as Aartha Bazaar and prices of various products.</p> <p>Users can read news in their favourite news portal in a very convenient way. Similarly, users can also upload large sized photo using the app at places with lower internet bandwidth speeds. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3706', 'image' => '20160630112612_hamro patro.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3872', 'article_category_id' => '1', 'title' => 'Sugar Price to Increase', 'sub_title' => '', 'summary' => 'June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.', 'content' => '<p style="text-align: justify;">June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.</p> <p style="text-align: justify;">Salt Trading Corporation (STC), the government owned sugar importer, has moved ahead with the process to import 30,000 metric ton sugar. According to the company, letter of credit (LC) has also been opened for global tender for the import of sugar. “India’s move is aimed that reducing the sugar import to Nepal,” said Kumar Rajbhandary, Assistant General Manager of Salt Trading Corporation.</p> <p style="text-align: justify;">According to him, India decided to impose 20 percent duty on sugar export after Nepal negotiated to reduce the charge which the southern neighbor sought to levy 25 percent earlier. “It is not possible to further lessen the export duty,” said Rajbhandary. </p> <p style="text-align: justify;">The government had directed STC to import 30,000 metric tones of sugar on June 3. STC requested the government to import sugar three months earlier. However, the government gave permission in the last moment. “Had the government permitted us the sugar import three months earlier, the import would have been in usual rate,” he said.</p> <p style="text-align: justify;">Meanwhile, the government has reduced customs charge on sugar import to one percent from 15 percent while keeping the value added tax (VAT) unchanged.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3705', 'image' => '20160629020219_sugar.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3871', 'article_category_id' => '1', 'title' => 'Land Registration Sharply Rises in Urban Areas', 'sub_title' => ' Government raise Rs 10 billion in registration fees', 'summary' => 'June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.</span></p> <p style="text-align:justify"><span style="font-size:13pt">During the 11 months of current fiscal year, registration fee totalling Rs 9.94 billion has been raised. As per the department’s data, such registration fee amounted to Rs 9.71 billion in the same period of the last FY. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Apparently, consumers are more interested on buying land rather than residence after the devastating earthquake. However, the land trade still falls short due to the last year’s earthquake,” mentions Acharya.</span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, land trading has significantly increased in the major cities of the country including Kathmandu Valley, Pokhara, Chitwan and Butwal. According to Acharya, increase in land trading in big urban cities can be attributed to rise in flow of remittances. “People with deep pockets tend to purchase land in big cities. Meanwhile, those with less money first invest in land in villages and smaller cities. They enter big city after accumulating money by selling the lands,” he adds.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Before the earthquake, people particularly in Kathmandu used to live in joint families. After the disaster, people are now living separately whose houses were fully or partially damaged,” says Ishwori Prasad Kharel, Central President of Real Estate and Agent Association Nepal (REAAN). </span></p> <p style="text-align:justify"><span style="font-size:13pt">“Land trading has soared as BFIs are offering real estate loans at low interest rates. Moreover, increase in real estate transactions is also due to the very limited investment options in the country,” says Kharel. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Similarly, real state traders opine that consumers are being attracted towards purchasing lands as they feel that homes constructed before the earthquake were not earthquake resistant . Similarly, market analysts also point out to the opportunity to earn profits quickly in trading of lands as the prices have been increasing steadily. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Nevertheless, with the significant increase in real estate prices, investment risks have also become a matter of concern to many. Reviewing the situation, Development Bankers Association has suggested the government to toughen lending rules on real estate loans through monetary policy. The association has warned of potential risks to real estate collateral if the loans are not controlled in time. As per the statistics of NRB, BFIs have issued a total of 15 percent loans amounting to Rs 233 billion on real estate sector in the 10 months of period of current FY. </span></p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3704', 'image' => '20160629011054_data.JPG', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3870', 'article_category_id' => '1', 'title' => 'Xing Ultra Premium Vodka Organises Xing Party', 'sub_title' => '', 'summary' => 'June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. ', 'content' => '<p style="text-align: justify;">June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. According to the company, “Selfie with Sunny” was a consumer-orienteed scheme launched by Xing Ultra Premium Vodka, in which the winners of the contest would get a chance to take an exclusive selfie with the international celebrity Sunny Leone. The winners of the scheme were announced on June 17, 2016.</p> <p style="text-align: justify;">Currently, Sunny Leone has been endorsing Xing Ultra Premium Vodka since last year. Issuing a press release the company said that with the endorsement from Sunny, Xing has attempted to set a new benchmark in the Nepali product promotion. According to the issued press statement, thecompany hopes for more international collaboration in future as well, with the aim of spreading the name of Nepal and Nepali products in neighboring countries as well.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3703', 'image' => '20160629123830__zing.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3869', 'article_category_id' => '1', 'title' => 'Laxmi Capital Appointed as Issue Manger of Union Hydropower', 'sub_title' => '', 'summary' => 'June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.', 'content' => '<p>June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3702', 'image' => '20160629121737_union.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3868', 'article_category_id' => '1', 'title' => 'Ncell Introduces Night Data Packs', 'sub_title' => '10 paisa per MB data', 'summary' => 'June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement a comapny informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes.', 'content' => '<p style="text-align: justify;">June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement, a company informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes. As per the company, customers can subscribe Daily Night Data Pack, Weekly Night Data Pack and Monthly Night Data Pack under the scheme.Ncell users can subscribe the scheme which is effective from June 29 depending on their requirement to use internet during 10 pm to 6 am.</p> <p style="text-align: justify;">Under the scheme, the customers can purchase 40MB data volume at Rs 8 which is valid for 24 hours. Similarly, subscribers can purchase Weekly Night Data Pack of 250MB data valid for 7 days costing Rs 40, Monthly Night Data Pack of 1000MB valid for 30 days at Rs 100 . According to the company, the customers can subscribe the night internet packs simply by dialing *17123# and follow the instructions thereafter. They can also activate the pack by typing the data volume followed by space and N, and sending it to 17123.</p> <p style="text-align: justify;">Milan Sharma, corporate communications expert of Ncell said, " We are glad to introduce night data packs, which live up to our commitment to provide quality data services at more affordable rates. Customers can subscribe the packs as many times as they want, depending up on their need." As per the company, the scheme of night packs will remain in place for 15 days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3701', 'image' => '20160629115514_ncell.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3867', 'article_category_id' => '1', 'title' => 'NADEP Appoints Nabil Investment as Issue Manager', 'sub_title' => '', 'summary' => 'June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions.', 'content' => '<p style="text-align: justify;">June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions. The Laghubitta is going to issue 480,000 units of share priced at Rs 100 per unit share. NADEP, which has central office in Gajuri of Dhading, is providing its services through five regional offices and 35 branches across the country.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3700', 'image' => '20160629115121_NABIL.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3866', 'article_category_id' => '1', 'title' => 'Century Bank’s Branchless Banking in Bhedetar', 'sub_title' => '', 'summary' => 'June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. ', 'content' => '<p>June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. The bank has collected the deposits of Rs 26.1 billion and provided the loan of Rs 22.83 billion by the end of Chaitra of FY 2072/2073. In the same period, the bank has made the operating profit of Rs 345.0 million.</p> <p>Currently, the bank has been providing its services through 31 branches, 29 ATMs, nine branchless banking service and three extension counters. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3699', 'image' => '20160629113209_century.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3865', 'article_category_id' => '1', 'title' => 'Micromax's E485 Canvas 6 in Nepali Market', 'sub_title' => '', 'summary' => 'June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.', 'content' => '<p style="text-align: justify;">June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.</p> <p style="text-align: justify;">According to the company, the newly launched product has 3000 MaH battery capacity, 13 megapixels high resolution rear camera and eight megapixels front camera with wide angle lens. The company informed that the functions are efficient as new product has 1.3 GHz Octa-core processor. The smartphone has dual and hybrid slim slots and supports both 3G and 4G networks. The price of smartphone is set at Rs 23,650 in the market. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3698', 'image' => '20160629112124_micromax.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3864', 'article_category_id' => '1', 'title' => 'LG Turbo Wash in the Market', 'sub_title' => '', 'summary' => 'June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.', 'content' => '<p>June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.</p> <p>“The Jet Spray enhances the washing and rinsing performance of 6 motion direct drive technology while spraying water directly onto the fabrics for approximately 120 seconds and also enables Turbo Wash to complete the entire washing cycle in 59 minutes instead of 95 minutes which is faster than ever saving 36 minutes of the precious time. LG Turbo Wash also helps to reduce 15 percent of energy consumption and water consumption up to 40 percent,” reads the statement.</p> <p>According to the company, 6 motions direct drive technology is able to perform various drum motions or a combination of different motions depending on the wash program selected due to its design and unique technology. </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3697', 'image' => '20160628042026_lg.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3863', 'article_category_id' => '1', 'title' => 'Nepal- India IGC Meeting Starts', 'sub_title' => '', 'summary' => 'June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. ', 'content' => '<p>June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. </p> <p>The last meeting of IGC was held on 21-22 December 2013 at Kathmandu. As per the press release, the Indian delegation would be led by Ms. Rita Teaotia, Commerce Secretary, Government of India while the Nepali delegation would be led by Mr. Naindra Prasad Upadhaya, Commerce Secretary, Government of Nepal. The meeting is expected to resolve various trade related issues and discuss enhancement of the bilateral trade between the two countries. </p> <p> </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3696', 'image' => '20160628012102_flag.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3862', 'article_category_id' => '1', 'title' => 'Smart Telecom Expands Services', 'sub_title' => '', 'summary' => 'June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”', 'content' => '<p>June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3695', 'image' => '20160628123831_smart.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3861', 'article_category_id' => '1', 'title' => 'Maharjan Elected Nepal-Sri Lanka CCI Chairman', 'sub_title' => '', 'summary' => 'June 28: The 9th annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.', 'content' => '<p>June 28: The 9<sup>th</sup> annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.</p> <p>W.M. Senevirathna, Ambassador of Sri Lanka to Nepal formally inaugurated the AGM. Speaking at AGM, Senevirathna informed that the embassy would help in maintaining smooth relationship in social and economic sector between Nepal and Sri Lanka.</p> <p>Issuing the press release, CCI informed that the main priority is given to the trade and investment, tourism promotion, organising trade fair and participation, meeting and interaction for promotion of economic relationship between the two countries.</p> <p>In an Executive Committee, Dr. Rajesh Kaji Shrestha is elected an honorable member, Bhakta Bahadur Malla as Former Chairman, Pravin Bahadur Pandey, Bijay Shrestha and Hemraj Dhakal as vice-president. Similarly, Naresh Das as Joint Secretary, Dr. Harish Joshi as a Treasurer, Prakasg Giri and Ram Raja Acharya are being elected as Secretary. Likewise, Siva Kumar Agrawal, Anuj Mani Timilsina, Prakash Pandey, Syambhu Ratna Tuladhar, Sanjay Kumar Agrawal, Shyam Bhakta Kayastha, Tek Bahadur Shakya, Bidhya Sagar Tamrakar and Surya Bahadur Thapa are elected as members.</p> <p>The Nepal-Sri Lanka CCI was established in 2006 with an objective of joint contributing from private sectors to improve the economic and trade relationship between Nepal and Sri Lanka.</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3694', 'image' => '20160628120630_sri.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '3875', 'article_category_id' => '1', 'title' => ''M-RuPaiya' for Advance Mobile Banking', 'sub_title' => '', 'summary' => 'June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.', 'content' => '<p style="text-align: justify;">June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.</p> <p style="text-align: justify;">The people without banking access of remote areas can get closer towards financial services such as depositing, withdrawing, transferring and remittance of money through this mobile service. Issuing a press statement, it has been informed that the newly launched mobile financial product will be available through 6,000+ Agents Network spread across the country. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3708', 'image' => '20160630125110_rupaiya.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3874', 'article_category_id' => '1', 'title' => 'Monetary Policy Needs to Challenge the Government: Economists', 'sub_title' => '', 'summary' => 'June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. ', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. Economists expressed their concerns on the issue in a program organised by Management Association of Nepal on June 29. The government in the budget for the fiscal year 2016/17 has set the growth target at 6.5 percent and lowering the inflation to 7.5 percent.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Monetary policy should also challenge the government. If it could not be done, then NRB should announce to maintain the inflation rate on-par with the rate projected by the Finance Ministry,” said former NRB Governor Dipendra Bahadur Chettri. Prof Dr Bishombhar Pyakurel and Tulraj Basyal also agreed with Chettri mentioning that NRB can do a very little to control the stubbornly high inflation rate.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“It is very difficult to control inflation. NRB alone cannot stop the flow of money,” Pyakurel said. “Our study has shown that inflation rises by 4 percent with 10 percent increment in liquidity.” He labelled the budget of upcoming FY as expansionary budget. “As inflation has spiked before the increase in the flow of money, it is not sure whether the inflation rate increases by 50 or 100 percent,” he informs. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, Tulraj Basyal opined that the government has encouraged inflation rate expectation by formulating an expansionary budget. He adds that low government expenses will also increase possibility of inflation growth. He presented statistics on NRB’s failure in controlling the current currency circulation. “Decrease in demand deposit indicates of degrading trust of general people in the economy.” </span></p> <p style="text-align:justify"><span style="font-size:13pt"><img alt="" src="/userfiles/images/monetary_policy_type%281%29.jpg" style="height:411px; width:700px" /></span></p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3707', 'image' => '20160630121052_monetary_policy.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3873', 'article_category_id' => '1', 'title' => 'New Version of 'Hamro Patro' With Additional Features', 'sub_title' => '', 'summary' => 'June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.', 'content' => '<p>June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.</p> <p>Issuing a press release, Hamro Patro informed that the upgraded version has added features such as horoscopes, detailed information about <em>Panchang,</em>, daily news updates, power-cut schedules, radio along with segments such as Aartha Bazaar and prices of various products.</p> <p>Users can read news in their favourite news portal in a very convenient way. Similarly, users can also upload large sized photo using the app at places with lower internet bandwidth speeds. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3706', 'image' => '20160630112612_hamro patro.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3872', 'article_category_id' => '1', 'title' => 'Sugar Price to Increase', 'sub_title' => '', 'summary' => 'June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.', 'content' => '<p style="text-align: justify;">June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.</p> <p style="text-align: justify;">Salt Trading Corporation (STC), the government owned sugar importer, has moved ahead with the process to import 30,000 metric ton sugar. According to the company, letter of credit (LC) has also been opened for global tender for the import of sugar. “India’s move is aimed that reducing the sugar import to Nepal,” said Kumar Rajbhandary, Assistant General Manager of Salt Trading Corporation.</p> <p style="text-align: justify;">According to him, India decided to impose 20 percent duty on sugar export after Nepal negotiated to reduce the charge which the southern neighbor sought to levy 25 percent earlier. “It is not possible to further lessen the export duty,” said Rajbhandary. </p> <p style="text-align: justify;">The government had directed STC to import 30,000 metric tones of sugar on June 3. STC requested the government to import sugar three months earlier. However, the government gave permission in the last moment. “Had the government permitted us the sugar import three months earlier, the import would have been in usual rate,” he said.</p> <p style="text-align: justify;">Meanwhile, the government has reduced customs charge on sugar import to one percent from 15 percent while keeping the value added tax (VAT) unchanged.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3705', 'image' => '20160629020219_sugar.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3871', 'article_category_id' => '1', 'title' => 'Land Registration Sharply Rises in Urban Areas', 'sub_title' => ' Government raise Rs 10 billion in registration fees', 'summary' => 'June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.</span></p> <p style="text-align:justify"><span style="font-size:13pt">During the 11 months of current fiscal year, registration fee totalling Rs 9.94 billion has been raised. As per the department’s data, such registration fee amounted to Rs 9.71 billion in the same period of the last FY. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Apparently, consumers are more interested on buying land rather than residence after the devastating earthquake. However, the land trade still falls short due to the last year’s earthquake,” mentions Acharya.</span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, land trading has significantly increased in the major cities of the country including Kathmandu Valley, Pokhara, Chitwan and Butwal. According to Acharya, increase in land trading in big urban cities can be attributed to rise in flow of remittances. “People with deep pockets tend to purchase land in big cities. Meanwhile, those with less money first invest in land in villages and smaller cities. They enter big city after accumulating money by selling the lands,” he adds.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Before the earthquake, people particularly in Kathmandu used to live in joint families. After the disaster, people are now living separately whose houses were fully or partially damaged,” says Ishwori Prasad Kharel, Central President of Real Estate and Agent Association Nepal (REAAN). </span></p> <p style="text-align:justify"><span style="font-size:13pt">“Land trading has soared as BFIs are offering real estate loans at low interest rates. Moreover, increase in real estate transactions is also due to the very limited investment options in the country,” says Kharel. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Similarly, real state traders opine that consumers are being attracted towards purchasing lands as they feel that homes constructed before the earthquake were not earthquake resistant . Similarly, market analysts also point out to the opportunity to earn profits quickly in trading of lands as the prices have been increasing steadily. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Nevertheless, with the significant increase in real estate prices, investment risks have also become a matter of concern to many. Reviewing the situation, Development Bankers Association has suggested the government to toughen lending rules on real estate loans through monetary policy. The association has warned of potential risks to real estate collateral if the loans are not controlled in time. As per the statistics of NRB, BFIs have issued a total of 15 percent loans amounting to Rs 233 billion on real estate sector in the 10 months of period of current FY. </span></p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3704', 'image' => '20160629011054_data.JPG', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3870', 'article_category_id' => '1', 'title' => 'Xing Ultra Premium Vodka Organises Xing Party', 'sub_title' => '', 'summary' => 'June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. ', 'content' => '<p style="text-align: justify;">June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. According to the company, “Selfie with Sunny” was a consumer-orienteed scheme launched by Xing Ultra Premium Vodka, in which the winners of the contest would get a chance to take an exclusive selfie with the international celebrity Sunny Leone. The winners of the scheme were announced on June 17, 2016.</p> <p style="text-align: justify;">Currently, Sunny Leone has been endorsing Xing Ultra Premium Vodka since last year. Issuing a press release the company said that with the endorsement from Sunny, Xing has attempted to set a new benchmark in the Nepali product promotion. According to the issued press statement, thecompany hopes for more international collaboration in future as well, with the aim of spreading the name of Nepal and Nepali products in neighboring countries as well.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3703', 'image' => '20160629123830__zing.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3869', 'article_category_id' => '1', 'title' => 'Laxmi Capital Appointed as Issue Manger of Union Hydropower', 'sub_title' => '', 'summary' => 'June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.', 'content' => '<p>June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3702', 'image' => '20160629121737_union.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3868', 'article_category_id' => '1', 'title' => 'Ncell Introduces Night Data Packs', 'sub_title' => '10 paisa per MB data', 'summary' => 'June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement a comapny informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes.', 'content' => '<p style="text-align: justify;">June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement, a company informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes. As per the company, customers can subscribe Daily Night Data Pack, Weekly Night Data Pack and Monthly Night Data Pack under the scheme.Ncell users can subscribe the scheme which is effective from June 29 depending on their requirement to use internet during 10 pm to 6 am.</p> <p style="text-align: justify;">Under the scheme, the customers can purchase 40MB data volume at Rs 8 which is valid for 24 hours. Similarly, subscribers can purchase Weekly Night Data Pack of 250MB data valid for 7 days costing Rs 40, Monthly Night Data Pack of 1000MB valid for 30 days at Rs 100 . According to the company, the customers can subscribe the night internet packs simply by dialing *17123# and follow the instructions thereafter. They can also activate the pack by typing the data volume followed by space and N, and sending it to 17123.</p> <p style="text-align: justify;">Milan Sharma, corporate communications expert of Ncell said, " We are glad to introduce night data packs, which live up to our commitment to provide quality data services at more affordable rates. Customers can subscribe the packs as many times as they want, depending up on their need." As per the company, the scheme of night packs will remain in place for 15 days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3701', 'image' => '20160629115514_ncell.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3867', 'article_category_id' => '1', 'title' => 'NADEP Appoints Nabil Investment as Issue Manager', 'sub_title' => '', 'summary' => 'June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions.', 'content' => '<p style="text-align: justify;">June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions. The Laghubitta is going to issue 480,000 units of share priced at Rs 100 per unit share. NADEP, which has central office in Gajuri of Dhading, is providing its services through five regional offices and 35 branches across the country.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3700', 'image' => '20160629115121_NABIL.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3866', 'article_category_id' => '1', 'title' => 'Century Bank’s Branchless Banking in Bhedetar', 'sub_title' => '', 'summary' => 'June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. ', 'content' => '<p>June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. The bank has collected the deposits of Rs 26.1 billion and provided the loan of Rs 22.83 billion by the end of Chaitra of FY 2072/2073. In the same period, the bank has made the operating profit of Rs 345.0 million.</p> <p>Currently, the bank has been providing its services through 31 branches, 29 ATMs, nine branchless banking service and three extension counters. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3699', 'image' => '20160629113209_century.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3865', 'article_category_id' => '1', 'title' => 'Micromax's E485 Canvas 6 in Nepali Market', 'sub_title' => '', 'summary' => 'June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.', 'content' => '<p style="text-align: justify;">June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.</p> <p style="text-align: justify;">According to the company, the newly launched product has 3000 MaH battery capacity, 13 megapixels high resolution rear camera and eight megapixels front camera with wide angle lens. The company informed that the functions are efficient as new product has 1.3 GHz Octa-core processor. The smartphone has dual and hybrid slim slots and supports both 3G and 4G networks. The price of smartphone is set at Rs 23,650 in the market. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3698', 'image' => '20160629112124_micromax.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3864', 'article_category_id' => '1', 'title' => 'LG Turbo Wash in the Market', 'sub_title' => '', 'summary' => 'June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.', 'content' => '<p>June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.</p> <p>“The Jet Spray enhances the washing and rinsing performance of 6 motion direct drive technology while spraying water directly onto the fabrics for approximately 120 seconds and also enables Turbo Wash to complete the entire washing cycle in 59 minutes instead of 95 minutes which is faster than ever saving 36 minutes of the precious time. LG Turbo Wash also helps to reduce 15 percent of energy consumption and water consumption up to 40 percent,” reads the statement.</p> <p>According to the company, 6 motions direct drive technology is able to perform various drum motions or a combination of different motions depending on the wash program selected due to its design and unique technology. </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3697', 'image' => '20160628042026_lg.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3863', 'article_category_id' => '1', 'title' => 'Nepal- India IGC Meeting Starts', 'sub_title' => '', 'summary' => 'June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. ', 'content' => '<p>June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. </p> <p>The last meeting of IGC was held on 21-22 December 2013 at Kathmandu. As per the press release, the Indian delegation would be led by Ms. Rita Teaotia, Commerce Secretary, Government of India while the Nepali delegation would be led by Mr. Naindra Prasad Upadhaya, Commerce Secretary, Government of Nepal. The meeting is expected to resolve various trade related issues and discuss enhancement of the bilateral trade between the two countries. </p> <p> </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3696', 'image' => '20160628012102_flag.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3862', 'article_category_id' => '1', 'title' => 'Smart Telecom Expands Services', 'sub_title' => '', 'summary' => 'June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”', 'content' => '<p>June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3695', 'image' => '20160628123831_smart.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3861', 'article_category_id' => '1', 'title' => 'Maharjan Elected Nepal-Sri Lanka CCI Chairman', 'sub_title' => '', 'summary' => 'June 28: The 9th annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.', 'content' => '<p>June 28: The 9<sup>th</sup> annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.</p> <p>W.M. Senevirathna, Ambassador of Sri Lanka to Nepal formally inaugurated the AGM. Speaking at AGM, Senevirathna informed that the embassy would help in maintaining smooth relationship in social and economic sector between Nepal and Sri Lanka.</p> <p>Issuing the press release, CCI informed that the main priority is given to the trade and investment, tourism promotion, organising trade fair and participation, meeting and interaction for promotion of economic relationship between the two countries.</p> <p>In an Executive Committee, Dr. Rajesh Kaji Shrestha is elected an honorable member, Bhakta Bahadur Malla as Former Chairman, Pravin Bahadur Pandey, Bijay Shrestha and Hemraj Dhakal as vice-president. Similarly, Naresh Das as Joint Secretary, Dr. Harish Joshi as a Treasurer, Prakasg Giri and Ram Raja Acharya are being elected as Secretary. Likewise, Siva Kumar Agrawal, Anuj Mani Timilsina, Prakash Pandey, Syambhu Ratna Tuladhar, Sanjay Kumar Agrawal, Shyam Bhakta Kayastha, Tek Bahadur Shakya, Bidhya Sagar Tamrakar and Surya Bahadur Thapa are elected as members.</p> <p>The Nepal-Sri Lanka CCI was established in 2006 with an objective of joint contributing from private sectors to improve the economic and trade relationship between Nepal and Sri Lanka.</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3694', 'image' => '20160628120630_sri.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '3875', 'article_category_id' => '1', 'title' => ''M-RuPaiya' for Advance Mobile Banking', 'sub_title' => '', 'summary' => 'June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.', 'content' => '<p style="text-align: justify;">June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.</p> <p style="text-align: justify;">The people without banking access of remote areas can get closer towards financial services such as depositing, withdrawing, transferring and remittance of money through this mobile service. Issuing a press statement, it has been informed that the newly launched mobile financial product will be available through 6,000+ Agents Network spread across the country. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3708', 'image' => '20160630125110_rupaiya.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3874', 'article_category_id' => '1', 'title' => 'Monetary Policy Needs to Challenge the Government: Economists', 'sub_title' => '', 'summary' => 'June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. ', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. Economists expressed their concerns on the issue in a program organised by Management Association of Nepal on June 29. The government in the budget for the fiscal year 2016/17 has set the growth target at 6.5 percent and lowering the inflation to 7.5 percent.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Monetary policy should also challenge the government. If it could not be done, then NRB should announce to maintain the inflation rate on-par with the rate projected by the Finance Ministry,” said former NRB Governor Dipendra Bahadur Chettri. Prof Dr Bishombhar Pyakurel and Tulraj Basyal also agreed with Chettri mentioning that NRB can do a very little to control the stubbornly high inflation rate.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“It is very difficult to control inflation. NRB alone cannot stop the flow of money,” Pyakurel said. “Our study has shown that inflation rises by 4 percent with 10 percent increment in liquidity.” He labelled the budget of upcoming FY as expansionary budget. “As inflation has spiked before the increase in the flow of money, it is not sure whether the inflation rate increases by 50 or 100 percent,” he informs. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, Tulraj Basyal opined that the government has encouraged inflation rate expectation by formulating an expansionary budget. He adds that low government expenses will also increase possibility of inflation growth. He presented statistics on NRB’s failure in controlling the current currency circulation. “Decrease in demand deposit indicates of degrading trust of general people in the economy.” </span></p> <p style="text-align:justify"><span style="font-size:13pt"><img alt="" src="/userfiles/images/monetary_policy_type%281%29.jpg" style="height:411px; width:700px" /></span></p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3707', 'image' => '20160630121052_monetary_policy.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3873', 'article_category_id' => '1', 'title' => 'New Version of 'Hamro Patro' With Additional Features', 'sub_title' => '', 'summary' => 'June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.', 'content' => '<p>June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.</p> <p>Issuing a press release, Hamro Patro informed that the upgraded version has added features such as horoscopes, detailed information about <em>Panchang,</em>, daily news updates, power-cut schedules, radio along with segments such as Aartha Bazaar and prices of various products.</p> <p>Users can read news in their favourite news portal in a very convenient way. Similarly, users can also upload large sized photo using the app at places with lower internet bandwidth speeds. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3706', 'image' => '20160630112612_hamro patro.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3872', 'article_category_id' => '1', 'title' => 'Sugar Price to Increase', 'sub_title' => '', 'summary' => 'June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.', 'content' => '<p style="text-align: justify;">June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.</p> <p style="text-align: justify;">Salt Trading Corporation (STC), the government owned sugar importer, has moved ahead with the process to import 30,000 metric ton sugar. According to the company, letter of credit (LC) has also been opened for global tender for the import of sugar. “India’s move is aimed that reducing the sugar import to Nepal,” said Kumar Rajbhandary, Assistant General Manager of Salt Trading Corporation.</p> <p style="text-align: justify;">According to him, India decided to impose 20 percent duty on sugar export after Nepal negotiated to reduce the charge which the southern neighbor sought to levy 25 percent earlier. “It is not possible to further lessen the export duty,” said Rajbhandary. </p> <p style="text-align: justify;">The government had directed STC to import 30,000 metric tones of sugar on June 3. STC requested the government to import sugar three months earlier. However, the government gave permission in the last moment. “Had the government permitted us the sugar import three months earlier, the import would have been in usual rate,” he said.</p> <p style="text-align: justify;">Meanwhile, the government has reduced customs charge on sugar import to one percent from 15 percent while keeping the value added tax (VAT) unchanged.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3705', 'image' => '20160629020219_sugar.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3871', 'article_category_id' => '1', 'title' => 'Land Registration Sharply Rises in Urban Areas', 'sub_title' => ' Government raise Rs 10 billion in registration fees', 'summary' => 'June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.</span></p> <p style="text-align:justify"><span style="font-size:13pt">During the 11 months of current fiscal year, registration fee totalling Rs 9.94 billion has been raised. As per the department’s data, such registration fee amounted to Rs 9.71 billion in the same period of the last FY. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Apparently, consumers are more interested on buying land rather than residence after the devastating earthquake. However, the land trade still falls short due to the last year’s earthquake,” mentions Acharya.</span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, land trading has significantly increased in the major cities of the country including Kathmandu Valley, Pokhara, Chitwan and Butwal. According to Acharya, increase in land trading in big urban cities can be attributed to rise in flow of remittances. “People with deep pockets tend to purchase land in big cities. Meanwhile, those with less money first invest in land in villages and smaller cities. They enter big city after accumulating money by selling the lands,” he adds.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Before the earthquake, people particularly in Kathmandu used to live in joint families. After the disaster, people are now living separately whose houses were fully or partially damaged,” says Ishwori Prasad Kharel, Central President of Real Estate and Agent Association Nepal (REAAN). </span></p> <p style="text-align:justify"><span style="font-size:13pt">“Land trading has soared as BFIs are offering real estate loans at low interest rates. Moreover, increase in real estate transactions is also due to the very limited investment options in the country,” says Kharel. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Similarly, real state traders opine that consumers are being attracted towards purchasing lands as they feel that homes constructed before the earthquake were not earthquake resistant . Similarly, market analysts also point out to the opportunity to earn profits quickly in trading of lands as the prices have been increasing steadily. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Nevertheless, with the significant increase in real estate prices, investment risks have also become a matter of concern to many. Reviewing the situation, Development Bankers Association has suggested the government to toughen lending rules on real estate loans through monetary policy. The association has warned of potential risks to real estate collateral if the loans are not controlled in time. As per the statistics of NRB, BFIs have issued a total of 15 percent loans amounting to Rs 233 billion on real estate sector in the 10 months of period of current FY. </span></p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3704', 'image' => '20160629011054_data.JPG', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3870', 'article_category_id' => '1', 'title' => 'Xing Ultra Premium Vodka Organises Xing Party', 'sub_title' => '', 'summary' => 'June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. ', 'content' => '<p style="text-align: justify;">June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. According to the company, “Selfie with Sunny” was a consumer-orienteed scheme launched by Xing Ultra Premium Vodka, in which the winners of the contest would get a chance to take an exclusive selfie with the international celebrity Sunny Leone. The winners of the scheme were announced on June 17, 2016.</p> <p style="text-align: justify;">Currently, Sunny Leone has been endorsing Xing Ultra Premium Vodka since last year. Issuing a press release the company said that with the endorsement from Sunny, Xing has attempted to set a new benchmark in the Nepali product promotion. According to the issued press statement, thecompany hopes for more international collaboration in future as well, with the aim of spreading the name of Nepal and Nepali products in neighboring countries as well.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3703', 'image' => '20160629123830__zing.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3869', 'article_category_id' => '1', 'title' => 'Laxmi Capital Appointed as Issue Manger of Union Hydropower', 'sub_title' => '', 'summary' => 'June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.', 'content' => '<p>June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3702', 'image' => '20160629121737_union.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3868', 'article_category_id' => '1', 'title' => 'Ncell Introduces Night Data Packs', 'sub_title' => '10 paisa per MB data', 'summary' => 'June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement a comapny informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes.', 'content' => '<p style="text-align: justify;">June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement, a company informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes. As per the company, customers can subscribe Daily Night Data Pack, Weekly Night Data Pack and Monthly Night Data Pack under the scheme.Ncell users can subscribe the scheme which is effective from June 29 depending on their requirement to use internet during 10 pm to 6 am.</p> <p style="text-align: justify;">Under the scheme, the customers can purchase 40MB data volume at Rs 8 which is valid for 24 hours. Similarly, subscribers can purchase Weekly Night Data Pack of 250MB data valid for 7 days costing Rs 40, Monthly Night Data Pack of 1000MB valid for 30 days at Rs 100 . According to the company, the customers can subscribe the night internet packs simply by dialing *17123# and follow the instructions thereafter. They can also activate the pack by typing the data volume followed by space and N, and sending it to 17123.</p> <p style="text-align: justify;">Milan Sharma, corporate communications expert of Ncell said, " We are glad to introduce night data packs, which live up to our commitment to provide quality data services at more affordable rates. Customers can subscribe the packs as many times as they want, depending up on their need." As per the company, the scheme of night packs will remain in place for 15 days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3701', 'image' => '20160629115514_ncell.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3867', 'article_category_id' => '1', 'title' => 'NADEP Appoints Nabil Investment as Issue Manager', 'sub_title' => '', 'summary' => 'June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions.', 'content' => '<p style="text-align: justify;">June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions. The Laghubitta is going to issue 480,000 units of share priced at Rs 100 per unit share. NADEP, which has central office in Gajuri of Dhading, is providing its services through five regional offices and 35 branches across the country.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3700', 'image' => '20160629115121_NABIL.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3866', 'article_category_id' => '1', 'title' => 'Century Bank’s Branchless Banking in Bhedetar', 'sub_title' => '', 'summary' => 'June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. ', 'content' => '<p>June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. The bank has collected the deposits of Rs 26.1 billion and provided the loan of Rs 22.83 billion by the end of Chaitra of FY 2072/2073. In the same period, the bank has made the operating profit of Rs 345.0 million.</p> <p>Currently, the bank has been providing its services through 31 branches, 29 ATMs, nine branchless banking service and three extension counters. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3699', 'image' => '20160629113209_century.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3865', 'article_category_id' => '1', 'title' => 'Micromax's E485 Canvas 6 in Nepali Market', 'sub_title' => '', 'summary' => 'June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.', 'content' => '<p style="text-align: justify;">June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.</p> <p style="text-align: justify;">According to the company, the newly launched product has 3000 MaH battery capacity, 13 megapixels high resolution rear camera and eight megapixels front camera with wide angle lens. The company informed that the functions are efficient as new product has 1.3 GHz Octa-core processor. The smartphone has dual and hybrid slim slots and supports both 3G and 4G networks. The price of smartphone is set at Rs 23,650 in the market. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3698', 'image' => '20160629112124_micromax.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3864', 'article_category_id' => '1', 'title' => 'LG Turbo Wash in the Market', 'sub_title' => '', 'summary' => 'June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.', 'content' => '<p>June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.</p> <p>“The Jet Spray enhances the washing and rinsing performance of 6 motion direct drive technology while spraying water directly onto the fabrics for approximately 120 seconds and also enables Turbo Wash to complete the entire washing cycle in 59 minutes instead of 95 minutes which is faster than ever saving 36 minutes of the precious time. LG Turbo Wash also helps to reduce 15 percent of energy consumption and water consumption up to 40 percent,” reads the statement.</p> <p>According to the company, 6 motions direct drive technology is able to perform various drum motions or a combination of different motions depending on the wash program selected due to its design and unique technology. </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3697', 'image' => '20160628042026_lg.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3863', 'article_category_id' => '1', 'title' => 'Nepal- India IGC Meeting Starts', 'sub_title' => '', 'summary' => 'June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. ', 'content' => '<p>June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. </p> <p>The last meeting of IGC was held on 21-22 December 2013 at Kathmandu. As per the press release, the Indian delegation would be led by Ms. Rita Teaotia, Commerce Secretary, Government of India while the Nepali delegation would be led by Mr. Naindra Prasad Upadhaya, Commerce Secretary, Government of Nepal. The meeting is expected to resolve various trade related issues and discuss enhancement of the bilateral trade between the two countries. </p> <p> </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3696', 'image' => '20160628012102_flag.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3862', 'article_category_id' => '1', 'title' => 'Smart Telecom Expands Services', 'sub_title' => '', 'summary' => 'June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”', 'content' => '<p>June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3695', 'image' => '20160628123831_smart.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3861', 'article_category_id' => '1', 'title' => 'Maharjan Elected Nepal-Sri Lanka CCI Chairman', 'sub_title' => '', 'summary' => 'June 28: The 9th annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.', 'content' => '<p>June 28: The 9<sup>th</sup> annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.</p> <p>W.M. Senevirathna, Ambassador of Sri Lanka to Nepal formally inaugurated the AGM. Speaking at AGM, Senevirathna informed that the embassy would help in maintaining smooth relationship in social and economic sector between Nepal and Sri Lanka.</p> <p>Issuing the press release, CCI informed that the main priority is given to the trade and investment, tourism promotion, organising trade fair and participation, meeting and interaction for promotion of economic relationship between the two countries.</p> <p>In an Executive Committee, Dr. Rajesh Kaji Shrestha is elected an honorable member, Bhakta Bahadur Malla as Former Chairman, Pravin Bahadur Pandey, Bijay Shrestha and Hemraj Dhakal as vice-president. Similarly, Naresh Das as Joint Secretary, Dr. Harish Joshi as a Treasurer, Prakasg Giri and Ram Raja Acharya are being elected as Secretary. Likewise, Siva Kumar Agrawal, Anuj Mani Timilsina, Prakash Pandey, Syambhu Ratna Tuladhar, Sanjay Kumar Agrawal, Shyam Bhakta Kayastha, Tek Bahadur Shakya, Bidhya Sagar Tamrakar and Surya Bahadur Thapa are elected as members.</p> <p>The Nepal-Sri Lanka CCI was established in 2006 with an objective of joint contributing from private sectors to improve the economic and trade relationship between Nepal and Sri Lanka.</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3694', 'image' => '20160628120630_sri.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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' => '3875', 'article_category_id' => '1', 'title' => ''M-RuPaiya' for Advance Mobile Banking', 'sub_title' => '', 'summary' => 'June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.', 'content' => '<p style="text-align: justify;">June 30: Prabhu Technology and Huawei Technology have jointly launched M-RuPaiya as advanced mobile banking service. The new mobile service will be effective for making payments and conducting monetary transactions.</p> <p style="text-align: justify;">The people without banking access of remote areas can get closer towards financial services such as depositing, withdrawing, transferring and remittance of money through this mobile service. Issuing a press statement, it has been informed that the newly launched mobile financial product will be available through 6,000+ Agents Network spread across the country. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3708', 'image' => '20160630125110_rupaiya.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3874', 'article_category_id' => '1', 'title' => 'Monetary Policy Needs to Challenge the Government: Economists', 'sub_title' => '', 'summary' => 'June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. ', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 30: Economists have cautioned Nepal Rastra Bank (NRB) regarding the formulation of monetary policy citing the lack of balance between the projected economic growth in the budget and the inflation rate. Economists expressed their concerns on the issue in a program organised by Management Association of Nepal on June 29. The government in the budget for the fiscal year 2016/17 has set the growth target at 6.5 percent and lowering the inflation to 7.5 percent.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Monetary policy should also challenge the government. If it could not be done, then NRB should announce to maintain the inflation rate on-par with the rate projected by the Finance Ministry,” said former NRB Governor Dipendra Bahadur Chettri. Prof Dr Bishombhar Pyakurel and Tulraj Basyal also agreed with Chettri mentioning that NRB can do a very little to control the stubbornly high inflation rate.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“It is very difficult to control inflation. NRB alone cannot stop the flow of money,” Pyakurel said. “Our study has shown that inflation rises by 4 percent with 10 percent increment in liquidity.” He labelled the budget of upcoming FY as expansionary budget. “As inflation has spiked before the increase in the flow of money, it is not sure whether the inflation rate increases by 50 or 100 percent,” he informs. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, Tulraj Basyal opined that the government has encouraged inflation rate expectation by formulating an expansionary budget. He adds that low government expenses will also increase possibility of inflation growth. He presented statistics on NRB’s failure in controlling the current currency circulation. “Decrease in demand deposit indicates of degrading trust of general people in the economy.” </span></p> <p style="text-align:justify"><span style="font-size:13pt"><img alt="" src="/userfiles/images/monetary_policy_type%281%29.jpg" style="height:411px; width:700px" /></span></p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3707', 'image' => '20160630121052_monetary_policy.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3873', 'article_category_id' => '1', 'title' => 'New Version of 'Hamro Patro' With Additional Features', 'sub_title' => '', 'summary' => 'June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.', 'content' => '<p>June 30: The Nepali mobile app calender 'Hamro Patro' has added new features in its latest version. The new edition 10.9.0 is available in the Google App Store. The app which has already been downloaded more than one million times, has changed its design and ways of reading contents in it.</p> <p>Issuing a press release, Hamro Patro informed that the upgraded version has added features such as horoscopes, detailed information about <em>Panchang,</em>, daily news updates, power-cut schedules, radio along with segments such as Aartha Bazaar and prices of various products.</p> <p>Users can read news in their favourite news portal in a very convenient way. Similarly, users can also upload large sized photo using the app at places with lower internet bandwidth speeds. </p> ', 'published' => true, 'created' => '2016-06-30', 'modified' => '2016-06-30', 'keywords' => '', 'description' => '', 'sortorder' => '3706', 'image' => '20160630112612_hamro patro.jpg', 'article_date' => '2016-06-30 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 3 => array( 'Article' => array( 'id' => '3872', 'article_category_id' => '1', 'title' => 'Sugar Price to Increase', 'sub_title' => '', 'summary' => 'June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.', 'content' => '<p style="text-align: justify;">June 29: India has imposed 20 percent duty on Nepal bound sugar exports. India made the decision to levy the duty while Nepal is preparing process to import sugar. Stating the low production of sugar, India also removed Rs 3 per kg import concession to Nepal. Due to the additional import duty and removal of the concession, sugar price in Nepal is expected to rise.</p> <p style="text-align: justify;">Salt Trading Corporation (STC), the government owned sugar importer, has moved ahead with the process to import 30,000 metric ton sugar. According to the company, letter of credit (LC) has also been opened for global tender for the import of sugar. “India’s move is aimed that reducing the sugar import to Nepal,” said Kumar Rajbhandary, Assistant General Manager of Salt Trading Corporation.</p> <p style="text-align: justify;">According to him, India decided to impose 20 percent duty on sugar export after Nepal negotiated to reduce the charge which the southern neighbor sought to levy 25 percent earlier. “It is not possible to further lessen the export duty,” said Rajbhandary. </p> <p style="text-align: justify;">The government had directed STC to import 30,000 metric tones of sugar on June 3. STC requested the government to import sugar three months earlier. However, the government gave permission in the last moment. “Had the government permitted us the sugar import three months earlier, the import would have been in usual rate,” he said.</p> <p style="text-align: justify;">Meanwhile, the government has reduced customs charge on sugar import to one percent from 15 percent while keeping the value added tax (VAT) unchanged.</p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3705', 'image' => '20160629020219_sugar.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 4 => array( 'Article' => array( 'id' => '3871', 'article_category_id' => '1', 'title' => 'Land Registration Sharply Rises in Urban Areas', 'sub_title' => ' Government raise Rs 10 billion in registration fees', 'summary' => 'June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.', 'content' => '<p style="text-align:justify"><span style="font-size:13pt">June 29: Trading of land has dramatically increased in the urban areas of the country. “Land trading that was rising since 2014 has again taken the pace after the last year’s devastating earthquake,” says Sushil Prasad Acharya, Director of Land Reforms and Management Department. The rise in transaction of land is actually based on registration fees raised from land revenue offices all across the country.</span></p> <p style="text-align:justify"><span style="font-size:13pt">During the 11 months of current fiscal year, registration fee totalling Rs 9.94 billion has been raised. As per the department’s data, such registration fee amounted to Rs 9.71 billion in the same period of the last FY. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Apparently, consumers are more interested on buying land rather than residence after the devastating earthquake. However, the land trade still falls short due to the last year’s earthquake,” mentions Acharya.</span></p> <p style="text-align:justify"><span style="font-size:13pt">Meanwhile, land trading has significantly increased in the major cities of the country including Kathmandu Valley, Pokhara, Chitwan and Butwal. According to Acharya, increase in land trading in big urban cities can be attributed to rise in flow of remittances. “People with deep pockets tend to purchase land in big cities. Meanwhile, those with less money first invest in land in villages and smaller cities. They enter big city after accumulating money by selling the lands,” he adds.</span></p> <p style="text-align:justify"><span style="font-size:13pt">“Before the earthquake, people particularly in Kathmandu used to live in joint families. After the disaster, people are now living separately whose houses were fully or partially damaged,” says Ishwori Prasad Kharel, Central President of Real Estate and Agent Association Nepal (REAAN). </span></p> <p style="text-align:justify"><span style="font-size:13pt">“Land trading has soared as BFIs are offering real estate loans at low interest rates. Moreover, increase in real estate transactions is also due to the very limited investment options in the country,” says Kharel. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Similarly, real state traders opine that consumers are being attracted towards purchasing lands as they feel that homes constructed before the earthquake were not earthquake resistant . Similarly, market analysts also point out to the opportunity to earn profits quickly in trading of lands as the prices have been increasing steadily. </span></p> <p style="text-align:justify"><span style="font-size:13pt">Nevertheless, with the significant increase in real estate prices, investment risks have also become a matter of concern to many. Reviewing the situation, Development Bankers Association has suggested the government to toughen lending rules on real estate loans through monetary policy. The association has warned of potential risks to real estate collateral if the loans are not controlled in time. As per the statistics of NRB, BFIs have issued a total of 15 percent loans amounting to Rs 233 billion on real estate sector in the 10 months of period of current FY. </span></p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3704', 'image' => '20160629011054_data.JPG', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 5 => array( 'Article' => array( 'id' => '3870', 'article_category_id' => '1', 'title' => 'Xing Ultra Premium Vodka Organises Xing Party', 'sub_title' => '', 'summary' => 'June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. ', 'content' => '<p style="text-align: justify;">June 29: Xing Ultra premium Vodka has organised “Xing Party,” an event featuring actress Sunny Leone. The winners of “Selfie with Sunny” scheme were also honored in the event. According to the company, “Selfie with Sunny” was a consumer-orienteed scheme launched by Xing Ultra Premium Vodka, in which the winners of the contest would get a chance to take an exclusive selfie with the international celebrity Sunny Leone. The winners of the scheme were announced on June 17, 2016.</p> <p style="text-align: justify;">Currently, Sunny Leone has been endorsing Xing Ultra Premium Vodka since last year. Issuing a press release the company said that with the endorsement from Sunny, Xing has attempted to set a new benchmark in the Nepali product promotion. According to the issued press statement, thecompany hopes for more international collaboration in future as well, with the aim of spreading the name of Nepal and Nepali products in neighboring countries as well.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3703', 'image' => '20160629123830__zing.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3869', 'article_category_id' => '1', 'title' => 'Laxmi Capital Appointed as Issue Manger of Union Hydropower', 'sub_title' => '', 'summary' => 'June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.', 'content' => '<p>June 29: Union Hydropower Company has appointed Laxmi Capital Market Limited as its issue manager. Kiran Malla , Executive Director of Union Hydropower and Rajib Sapkota, CEO of Laxmi Capital signed on the agreement on behalf of their institutions on June 28. With the agreement, Laxmi Capital will handle 1,400,000 units of share that Union Hydropower is going to issue at the rate Rs 100 per unit share.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3702', 'image' => '20160629121737_union.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3868', 'article_category_id' => '1', 'title' => 'Ncell Introduces Night Data Packs', 'sub_title' => '10 paisa per MB data', 'summary' => 'June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement a comapny informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes.', 'content' => '<p style="text-align: justify;">June 29: Ncell has introduced 'Night Data Pack' scheme. Issuing a press statement, a company informed that customers can use affordable data packs starting from 10 paisa per MB excluding taxes. As per the company, customers can subscribe Daily Night Data Pack, Weekly Night Data Pack and Monthly Night Data Pack under the scheme.Ncell users can subscribe the scheme which is effective from June 29 depending on their requirement to use internet during 10 pm to 6 am.</p> <p style="text-align: justify;">Under the scheme, the customers can purchase 40MB data volume at Rs 8 which is valid for 24 hours. Similarly, subscribers can purchase Weekly Night Data Pack of 250MB data valid for 7 days costing Rs 40, Monthly Night Data Pack of 1000MB valid for 30 days at Rs 100 . According to the company, the customers can subscribe the night internet packs simply by dialing *17123# and follow the instructions thereafter. They can also activate the pack by typing the data volume followed by space and N, and sending it to 17123.</p> <p style="text-align: justify;">Milan Sharma, corporate communications expert of Ncell said, " We are glad to introduce night data packs, which live up to our commitment to provide quality data services at more affordable rates. Customers can subscribe the packs as many times as they want, depending up on their need." As per the company, the scheme of night packs will remain in place for 15 days.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3701', 'image' => '20160629115514_ncell.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 8 => array( 'Article' => array( 'id' => '3867', 'article_category_id' => '1', 'title' => 'NADEP Appoints Nabil Investment as Issue Manager', 'sub_title' => '', 'summary' => 'June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions.', 'content' => '<p style="text-align: justify;">June 29: NADEP Laghubitta Bittya Sanstha has appointed Nabil Investment Bank as its issue manager. Bishnu Prasad Atreya, CEO of NADEP Laghubitta and Pramin raman Parajuli, CEO of Nabil Investment Bank signed on the agreement on behalf of their respective institutions. The Laghubitta is going to issue 480,000 units of share priced at Rs 100 per unit share. NADEP, which has central office in Gajuri of Dhading, is providing its services through five regional offices and 35 branches across the country.</p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3700', 'image' => '20160629115121_NABIL.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3866', 'article_category_id' => '1', 'title' => 'Century Bank’s Branchless Banking in Bhedetar', 'sub_title' => '', 'summary' => 'June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. ', 'content' => '<p>June 29: Century Commercial Bank has started branchless banking service in Bedetar, Dhankuta. The bank has also been providing branchless banking service in Ghoretar of Bhojpur, Chaumala of Kailali, Tribhuwanbasti of Kanchanpur, Kerabari of Morang, Lamidanda of Khotang, Kataria of Rautahat and Halesi and Baksila of Khotang. The bank has collected the deposits of Rs 26.1 billion and provided the loan of Rs 22.83 billion by the end of Chaitra of FY 2072/2073. In the same period, the bank has made the operating profit of Rs 345.0 million.</p> <p>Currently, the bank has been providing its services through 31 branches, 29 ATMs, nine branchless banking service and three extension counters. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3699', 'image' => '20160629113209_century.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 10 => array( 'Article' => array( 'id' => '3865', 'article_category_id' => '1', 'title' => 'Micromax's E485 Canvas 6 in Nepali Market', 'sub_title' => '', 'summary' => 'June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.', 'content' => '<p style="text-align: justify;">June 29: Smartphone manufacturing company, Micromax has introduced its new product E485 Canvas 6 in the Nepali market. Issuing a press statement, the company informed that it has special type of processor, 32 GB ROM amd 5.5 inches full HD display.</p> <p style="text-align: justify;">According to the company, the newly launched product has 3000 MaH battery capacity, 13 megapixels high resolution rear camera and eight megapixels front camera with wide angle lens. The company informed that the functions are efficient as new product has 1.3 GHz Octa-core processor. The smartphone has dual and hybrid slim slots and supports both 3G and 4G networks. The price of smartphone is set at Rs 23,650 in the market. </p> ', 'published' => true, 'created' => '2016-06-29', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3698', 'image' => '20160629112124_micromax.jpg', 'article_date' => '2016-06-29 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 11 => array( 'Article' => array( 'id' => '3864', 'article_category_id' => '1', 'title' => 'LG Turbo Wash in the Market', 'sub_title' => '', 'summary' => 'June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.', 'content' => '<p>June 28: CG electronics, the authorised dealer of LG brand of electronics has launched LG Turbo Wash Washing Machine with wash capacity of 10 KG. Issuing a press statement, the company informed that the washing machine which is packed with new technology, integrates the Jet Spray features to help significantly reduce total washing times, create impressive energy savings and deliver cleaner clothes.</p> <p>“The Jet Spray enhances the washing and rinsing performance of 6 motion direct drive technology while spraying water directly onto the fabrics for approximately 120 seconds and also enables Turbo Wash to complete the entire washing cycle in 59 minutes instead of 95 minutes which is faster than ever saving 36 minutes of the precious time. LG Turbo Wash also helps to reduce 15 percent of energy consumption and water consumption up to 40 percent,” reads the statement.</p> <p>According to the company, 6 motions direct drive technology is able to perform various drum motions or a combination of different motions depending on the wash program selected due to its design and unique technology. </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-29', 'keywords' => '', 'description' => '', 'sortorder' => '3697', 'image' => '20160628042026_lg.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 12 => array( 'Article' => array( 'id' => '3863', 'article_category_id' => '1', 'title' => 'Nepal- India IGC Meeting Starts', 'sub_title' => '', 'summary' => 'June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. ', 'content' => '<p>June 28: Inter Governmental Committee (IGC) Meeting, led by Commerce Secretaries of Nepal and Indian government, has started from June 28. The meeting of the IGC is being hosted by India on 28-29 June 2016 at New Delhi. According to the issued press statement, the meetings of the Committee will provide a platform to review bilateral trade issues. </p> <p>The last meeting of IGC was held on 21-22 December 2013 at Kathmandu. As per the press release, the Indian delegation would be led by Ms. Rita Teaotia, Commerce Secretary, Government of India while the Nepali delegation would be led by Mr. Naindra Prasad Upadhaya, Commerce Secretary, Government of Nepal. The meeting is expected to resolve various trade related issues and discuss enhancement of the bilateral trade between the two countries. </p> <p> </p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3696', 'image' => '20160628012102_flag.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3862', 'article_category_id' => '1', 'title' => 'Smart Telecom Expands Services', 'sub_title' => '', 'summary' => 'June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”', 'content' => '<p>June 28: Smart Telecom has prepared for service expansion in the valley. The company informs of installing around 50 towers for service expansion and testing transmission in the valley. According to Pawan Singh Shakya, Chief of Corporate Communication of company, currently the subscribers from 34 districts coming to Kathmandu can be benefitted from the expanded network of the company. He says “The company will open customer service centre in various places of Kathmandu. It is working with regulatory body to upgrade 2G network to 3G network.”</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3695', 'image' => '20160628123831_smart.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 14 => array( 'Article' => array( 'id' => '3861', 'article_category_id' => '1', 'title' => 'Maharjan Elected Nepal-Sri Lanka CCI Chairman', 'sub_title' => '', 'summary' => 'June 28: The 9th annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.', 'content' => '<p>June 28: The 9<sup>th</sup> annual general meeting of Nepal-Sri Lanka Chamber of Commerce and Industries concluded electing Ramesh Maharjan as the Chairman. The AGM of Nepal-Sri Lanka CCI also elected 19-members Executive Committee under Maharjan’s leadership.</p> <p>W.M. Senevirathna, Ambassador of Sri Lanka to Nepal formally inaugurated the AGM. Speaking at AGM, Senevirathna informed that the embassy would help in maintaining smooth relationship in social and economic sector between Nepal and Sri Lanka.</p> <p>Issuing the press release, CCI informed that the main priority is given to the trade and investment, tourism promotion, organising trade fair and participation, meeting and interaction for promotion of economic relationship between the two countries.</p> <p>In an Executive Committee, Dr. Rajesh Kaji Shrestha is elected an honorable member, Bhakta Bahadur Malla as Former Chairman, Pravin Bahadur Pandey, Bijay Shrestha and Hemraj Dhakal as vice-president. Similarly, Naresh Das as Joint Secretary, Dr. Harish Joshi as a Treasurer, Prakasg Giri and Ram Raja Acharya are being elected as Secretary. Likewise, Siva Kumar Agrawal, Anuj Mani Timilsina, Prakash Pandey, Syambhu Ratna Tuladhar, Sanjay Kumar Agrawal, Shyam Bhakta Kayastha, Tek Bahadur Shakya, Bidhya Sagar Tamrakar and Surya Bahadur Thapa are elected as members.</p> <p>The Nepal-Sri Lanka CCI was established in 2006 with an objective of joint contributing from private sectors to improve the economic and trade relationship between Nepal and Sri Lanka.</p> ', 'published' => true, 'created' => '2016-06-28', 'modified' => '2016-06-28', 'keywords' => '', 'description' => '', 'sortorder' => '3694', 'image' => '20160628120630_sri.jpg', 'article_date' => '2016-06-28 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
