Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
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			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
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			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
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			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
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			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
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			'created' => '2016-05-19',
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			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
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			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
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			'created' => '2016-05-19',
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			'description' => '',
			'sortorder' => '3403',
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			'article_date' => '2016-05-19 00:00:00',
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		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
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			'keywords' => '',
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			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
			'article_date' => '2016-05-19 00:00:00',
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		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
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			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3400',
			'image' => '20160518035049_on.jpg',
			'article_date' => '2016-05-18 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3565',
			'article_category_id' => '1',
			'title' => 'Reduction in International Trade of Nepal',
			'sub_title' => '',
			'summary' => 'May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal’s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.',
			'content' => '<p style="text-align: justify;">May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal&rsquo;s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.</p>

<p style="text-align: justify;">According to NRB statistics, Nepal has exported merchandise worth Rs. 49.24 billion while imported Rs. 519.97 billion worth of merchandise. In the last FY, Nepal had exported merchandise of Rs 64.27 billion while imported Rs 577.1 billion merchandise.</p>

<p style="text-align: justify;">Similarly, international trade of Nepal with all countries are in negative trend in the review period. Among them, trade with India, Nepal&rsquo;s biggest trade partner has shown contraction. In the review period, exports to India have decreased by 33.4 percent while imports have decreased by 14.3 percent. Likewise, export to another major trade partner, China has decreased by 41.3 percent whereas import has increased by 2.8 percent.</p>

<p style="text-align: justify;">In the review period, the export-import price index has improved by 24.5 percent in the review period. The price index has shown improvement due to the increase in price of export items such as cardamom, yarsagumba and fall in the price of petroleum products.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3399',
			'image' => null,
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3564',
			'article_category_id' => '1',
			'title' => 'Nepal International Gem and Jewelry Expo from Friday',
			'sub_title' => '',
			'summary' => 'May 18: Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and ‘Nepal Gem and Jewelry Council’ promoted by Federation of Nepal Gold Silver Dealers’ Association.  ',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and &lsquo;Nepal Gem and Jewelry Council&rsquo; promoted by Federation of Nepal Gold Silver Dealers&rsquo; Association. &nbsp;</p>

<p style="text-align: justify;">The organizers informed that there will be 59 stalls in the expo with 53 domestic and remaining six foreign. Similarly, India&rsquo;s Gem and Jewellery Export Promotion Council, Gemological Institute of America operating in India and The New Jewelers Magazine will be supporting promotional and technical knowledge.</p>

<p style="text-align: justify;">&nbsp;According to organisers, valuable ornaments, jewelries and handicraft along with gems, modern machineries, ornamental watch will be showcased in the expo.</p>

<p style="text-align: justify;">The expo will also include a jewelry related seminar, gem cutting, polishing, finishing and &lsquo;live demonstration&rsquo; and a fashion show as additional attraction.</p>

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

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

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3398',
			'image' => '20160518033250_ge,.jpg',
			'article_date' => '2016-05-18 00:00:00',
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		'Article' => array(
			'id' => '3563',
			'article_category_id' => '1',
			'title' => 'Ashok Leyland Service Centre at Gongabu',
			'sub_title' => '',
			'summary' => 'May 18: LT Enterprises Pvt.Ltd., an automobile trading subsidiary of IME Group, has opened fully equipped service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company, issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 sq.ft. Areas where a full range of Ashok Leyland commercial vehicles comprising various models of trucks/tippers, buses, light commercial vehicles are displayed along with service and spare parts facilities.',
			'content' => '<p>May 18: LT Enterprises Pvt Ltd, the automobile trading subsidiary of IME Group, has opened a service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company &nbsp;issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 square feet area where a full range of Ashok Leyland commercial Vehicles comprising various models of trucks/tippers, buses and light commercial vehicles are displayed along with service and spare parts facilities.</p>

<p>The service centre was inaugurated jointly by Chandra Prasad Dhakal, Executive Chairman of IME group, Hem Raj Dhakal, Executive Director of IME Group, Vinod K Dasari, Managing Director of Ashok Leyland Ltd, Rajive Saharia, President of Global Sales and Distribution of Ashok Leyland Ltd, in presence of other officials from Ashok Leyland India and the entire team of IME Group.</p>

<p>&ldquo;With the official launch of Ashok Leyland and IME Group&rsquo;s brand association in Nepal, LT Enterprises expects to reach new highs in the Commercial Vehicle industry in near future by leveraging Ashok Leyland&rsquo;s esteemed brand recognition as a trustworthy brand and through our excellent sales and service facilities set up as well as planned at important locations at key markets of the country&rdquo; said Chandra Prasad Dhakal, Executive Chairman of IME group speaking at the inauguration ceremony.</p>

<p>On the occasion Chief Guest Vinod K Dasari, Managing Director of Ashok Leyland Ltd, wished all the very best to IME Group with Ashok Leyland business venture. Further, he congratulated IME Group for the unison of Ashok Leyland and IME, as right a right channel partner for Ashok Leyland in Nepal.</p>
',
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			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3397',
			'image' => '20160518013331_ley.jpg',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3562',
			'article_category_id' => '1',
			'title' => 'Interbank Loan Increases 42% in 9 Months',
			'sub_title' => '',
			'summary' => 'May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as ‘high liquidity year’, tight liquidity in the third quarter has attributed to increase in interbank loans.  Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.',
			'content' => '<p style="text-align: justify;">May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as &lsquo;high liquidity year&rsquo;, tight liquidity in the third quarter has attributed to increase in interbank loans.</p>

<p style="text-align: justify;">Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.</p>

<p style="text-align: justify;">After the devastating earthquake and the border blockade, Nepal Rastra Bank had mopped up Rs 471 billion excess liquidity from banking sector due to low investment. Following the end of border blockade, trade expansion and liquidity holding through short-term monetary tools led to increase in interbank transactions of BFIs. The BFIs&rsquo; loan investment has increased by 15 percent to Rs 1565 billion in last mid-April. Likewise, bank loan investment has increased by 14.4 percent in the private sector.</p>

<p style="text-align: justify;">Meanwhile, utilization of refinance facility provided by NRB in subsidised rate to expand export and productive sector has decreased during the review period. The total sum of general refinance and export refinance has limited to Rs 2.26 billion and Rs 1.12 billion respectively. Similarly, only Rs 14 million of subsidised loans provided for earthquake survivors has been utilised. Although 20 percent investment in productive sector has been made mandatory by NRB, only 16.32 percent has been invested so far. &nbsp;In the meantime, deposit collection of the bank has increased by 12 percent to Rs 1970 billion.&nbsp;</p>
',
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			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3396',
			'image' => '20160518125040_interbank.jpg',
			'article_date' => '2016-05-18 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '3561',
			'article_category_id' => '1',
			'title' => 'Microfinance Conference Concludes with 16 pt Declaration',
			'sub_title' => '',
			'summary' => 'May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.',
			'content' => '<p style="text-align: justify;">May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.</p>

<p style="text-align: justify;">The declaration prepared after detail discussion was presented by Rajendra Bahadur Pradhan, member of the organising committee. As per the declaration, microfinance sector will organise a campaign to reduce the poverty level of the households which are under poverty line to zero by 2030. The declaration stated that microfinance companies will operate health insurance all across Nepal.</p>

<p style="text-align: justify;">&nbsp;Similarly, the declaration comprises programs to include marginalised people by forming a taskplan, &nbsp;formulate required strategies to develop skills &nbsp;of members in order to foster entrepreneurship and operating commercial development &nbsp;trainings.&nbsp; The declaration also includes programs to raise loan ceiling to Rs 5 million from Nepal Rastra Bank to increase access of finance in remote areas while requesting a five-year payment period.</p>
',
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			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3395',
			'image' => '20160517053630_micro.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3560',
			'article_category_id' => '1',
			'title' => '​Huawei GR3 in Nepal',
			'sub_title' => '',
			'summary' => 'May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The Huawei GR3 is the latest smart phone in its G series of smartphone. “This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,” informs the company in a press statement.',
			'content' => '<p style="text-align: justify;">May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The new Huawei phone is the latest in the company&rsquo;s G series handsets. &ldquo;This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,&rdquo; says the company in a press statement.</p>

<p style="text-align: justify;">GR3 is powered by an octa-core 64 &ndash; bit CPU running on Android 5.1 Lollipop with EMUI 3.1 Lite interface and supports 4G LTE Cat4 networks. The latest Huawei handset comes with a 16GB ROM expandable up to 128 GB and 2GB RAM .The phone has unique one-piece aluminum back cover. As per the company, it has 143.5 mm (L) x 71.0 mm (W) x 7.6 mm (H) slim aluminum alloy body.</p>

<p style="text-align: justify;">&nbsp;GR3 comes with a 13 MP rear snapper and a 5 MP front camera. According to the company, the phone has unique technology with 160ﾟwide viewing angle screen, accounting for 68 percent of the panel, with a 5.0 inch HD IPS LCD 720 display.</p>

<p style="text-align: justify;">Similarly, GR3 comes with a 2,200 mAh battery along with Bluetooth 4.0. Priced at Rs 21,999, the handset is available in three colors- titanium gray, silver and champagne gold.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3394',
			'image' => '20160517052910_huwai.jpg',
			'article_date' => '2016-05-17 00:00:00',
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		'Article' => array(
			'id' => '3559',
			'article_category_id' => '1',
			'title' => 'NMB’s Interaction Concludes',
			'sub_title' => '',
			'summary' => 'May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.',
			'content' => '<p style="text-align: justify;">May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Through this program we knew about facilities provided by the bank. The bank&rsquo;s effort to help us is very admiring,&rdquo; said one participant.</p>

<p style="text-align: justify;">Issuing a press statement, the bank said that the program has been organised as per its new corporate campaign &lsquo;Atmanirbhar Nepal&rsquo; launched in late April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3393',
			'image' => '20160517122945_nmb.jpg',
			'article_date' => '2016-05-17 00:00:00',
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		'Article' => array(
			'id' => '3558',
			'article_category_id' => '1',
			'title' => 'Garima Bank Opens Branch in Chapakot',
			'sub_title' => '',
			'summary' => 'May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16.    According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.',
			'content' => '<p style="text-align: justify;">May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16. &nbsp;</p>

<p style="text-align: justify;">According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Bank is planning to open new branches in Gongabu of Kathmandu and Bardgat of Nawalparasi as well,&rdquo; informed Govinda Prasad Dhakal, Executive Officer of Garima Bank.&nbsp;</p>
',
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			'keywords' => '',
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			'sortorder' => '3392',
			'image' => '20160517120238_garima.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
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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

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
			'article_date' => '2016-05-19 00:00:00',
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			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
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			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
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			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3403',
			'image' => null,
			'article_date' => '2016-05-19 00:00:00',
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		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
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			'keywords' => '',
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			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
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		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
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			'sortorder' => '3401',
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			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3400',
			'image' => '20160518035049_on.jpg',
			'article_date' => '2016-05-18 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3565',
			'article_category_id' => '1',
			'title' => 'Reduction in International Trade of Nepal',
			'sub_title' => '',
			'summary' => 'May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal’s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.',
			'content' => '<p style="text-align: justify;">May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal&rsquo;s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.</p>

<p style="text-align: justify;">According to NRB statistics, Nepal has exported merchandise worth Rs. 49.24 billion while imported Rs. 519.97 billion worth of merchandise. In the last FY, Nepal had exported merchandise of Rs 64.27 billion while imported Rs 577.1 billion merchandise.</p>

<p style="text-align: justify;">Similarly, international trade of Nepal with all countries are in negative trend in the review period. Among them, trade with India, Nepal&rsquo;s biggest trade partner has shown contraction. In the review period, exports to India have decreased by 33.4 percent while imports have decreased by 14.3 percent. Likewise, export to another major trade partner, China has decreased by 41.3 percent whereas import has increased by 2.8 percent.</p>

<p style="text-align: justify;">In the review period, the export-import price index has improved by 24.5 percent in the review period. The price index has shown improvement due to the increase in price of export items such as cardamom, yarsagumba and fall in the price of petroleum products.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3399',
			'image' => null,
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '3564',
			'article_category_id' => '1',
			'title' => 'Nepal International Gem and Jewelry Expo from Friday',
			'sub_title' => '',
			'summary' => 'May 18: Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and ‘Nepal Gem and Jewelry Council’ promoted by Federation of Nepal Gold Silver Dealers’ Association.  ',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and &lsquo;Nepal Gem and Jewelry Council&rsquo; promoted by Federation of Nepal Gold Silver Dealers&rsquo; Association. &nbsp;</p>

<p style="text-align: justify;">The organizers informed that there will be 59 stalls in the expo with 53 domestic and remaining six foreign. Similarly, India&rsquo;s Gem and Jewellery Export Promotion Council, Gemological Institute of America operating in India and The New Jewelers Magazine will be supporting promotional and technical knowledge.</p>

<p style="text-align: justify;">&nbsp;According to organisers, valuable ornaments, jewelries and handicraft along with gems, modern machineries, ornamental watch will be showcased in the expo.</p>

<p style="text-align: justify;">The expo will also include a jewelry related seminar, gem cutting, polishing, finishing and &lsquo;live demonstration&rsquo; and a fashion show as additional attraction.</p>

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

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3398',
			'image' => '20160518033250_ge,.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 9 => array(
		'Article' => array(
			'id' => '3563',
			'article_category_id' => '1',
			'title' => 'Ashok Leyland Service Centre at Gongabu',
			'sub_title' => '',
			'summary' => 'May 18: LT Enterprises Pvt.Ltd., an automobile trading subsidiary of IME Group, has opened fully equipped service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company, issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 sq.ft. Areas where a full range of Ashok Leyland commercial vehicles comprising various models of trucks/tippers, buses, light commercial vehicles are displayed along with service and spare parts facilities.',
			'content' => '<p>May 18: LT Enterprises Pvt Ltd, the automobile trading subsidiary of IME Group, has opened a service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company &nbsp;issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 square feet area where a full range of Ashok Leyland commercial Vehicles comprising various models of trucks/tippers, buses and light commercial vehicles are displayed along with service and spare parts facilities.</p>

<p>The service centre was inaugurated jointly by Chandra Prasad Dhakal, Executive Chairman of IME group, Hem Raj Dhakal, Executive Director of IME Group, Vinod K Dasari, Managing Director of Ashok Leyland Ltd, Rajive Saharia, President of Global Sales and Distribution of Ashok Leyland Ltd, in presence of other officials from Ashok Leyland India and the entire team of IME Group.</p>

<p>&ldquo;With the official launch of Ashok Leyland and IME Group&rsquo;s brand association in Nepal, LT Enterprises expects to reach new highs in the Commercial Vehicle industry in near future by leveraging Ashok Leyland&rsquo;s esteemed brand recognition as a trustworthy brand and through our excellent sales and service facilities set up as well as planned at important locations at key markets of the country&rdquo; said Chandra Prasad Dhakal, Executive Chairman of IME group speaking at the inauguration ceremony.</p>

<p>On the occasion Chief Guest Vinod K Dasari, Managing Director of Ashok Leyland Ltd, wished all the very best to IME Group with Ashok Leyland business venture. Further, he congratulated IME Group for the unison of Ashok Leyland and IME, as right a right channel partner for Ashok Leyland in Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3397',
			'image' => '20160518013331_ley.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3562',
			'article_category_id' => '1',
			'title' => 'Interbank Loan Increases 42% in 9 Months',
			'sub_title' => '',
			'summary' => 'May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as ‘high liquidity year’, tight liquidity in the third quarter has attributed to increase in interbank loans.  Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.',
			'content' => '<p style="text-align: justify;">May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as &lsquo;high liquidity year&rsquo;, tight liquidity in the third quarter has attributed to increase in interbank loans.</p>

<p style="text-align: justify;">Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.</p>

<p style="text-align: justify;">After the devastating earthquake and the border blockade, Nepal Rastra Bank had mopped up Rs 471 billion excess liquidity from banking sector due to low investment. Following the end of border blockade, trade expansion and liquidity holding through short-term monetary tools led to increase in interbank transactions of BFIs. The BFIs&rsquo; loan investment has increased by 15 percent to Rs 1565 billion in last mid-April. Likewise, bank loan investment has increased by 14.4 percent in the private sector.</p>

<p style="text-align: justify;">Meanwhile, utilization of refinance facility provided by NRB in subsidised rate to expand export and productive sector has decreased during the review period. The total sum of general refinance and export refinance has limited to Rs 2.26 billion and Rs 1.12 billion respectively. Similarly, only Rs 14 million of subsidised loans provided for earthquake survivors has been utilised. Although 20 percent investment in productive sector has been made mandatory by NRB, only 16.32 percent has been invested so far. &nbsp;In the meantime, deposit collection of the bank has increased by 12 percent to Rs 1970 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3396',
			'image' => '20160518125040_interbank.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3561',
			'article_category_id' => '1',
			'title' => 'Microfinance Conference Concludes with 16 pt Declaration',
			'sub_title' => '',
			'summary' => 'May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.',
			'content' => '<p style="text-align: justify;">May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.</p>

<p style="text-align: justify;">The declaration prepared after detail discussion was presented by Rajendra Bahadur Pradhan, member of the organising committee. As per the declaration, microfinance sector will organise a campaign to reduce the poverty level of the households which are under poverty line to zero by 2030. The declaration stated that microfinance companies will operate health insurance all across Nepal.</p>

<p style="text-align: justify;">&nbsp;Similarly, the declaration comprises programs to include marginalised people by forming a taskplan, &nbsp;formulate required strategies to develop skills &nbsp;of members in order to foster entrepreneurship and operating commercial development &nbsp;trainings.&nbsp; The declaration also includes programs to raise loan ceiling to Rs 5 million from Nepal Rastra Bank to increase access of finance in remote areas while requesting a five-year payment period.</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3395',
			'image' => '20160517053630_micro.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3560',
			'article_category_id' => '1',
			'title' => '​Huawei GR3 in Nepal',
			'sub_title' => '',
			'summary' => 'May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The Huawei GR3 is the latest smart phone in its G series of smartphone. “This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,” informs the company in a press statement.',
			'content' => '<p style="text-align: justify;">May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The new Huawei phone is the latest in the company&rsquo;s G series handsets. &ldquo;This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,&rdquo; says the company in a press statement.</p>

<p style="text-align: justify;">GR3 is powered by an octa-core 64 &ndash; bit CPU running on Android 5.1 Lollipop with EMUI 3.1 Lite interface and supports 4G LTE Cat4 networks. The latest Huawei handset comes with a 16GB ROM expandable up to 128 GB and 2GB RAM .The phone has unique one-piece aluminum back cover. As per the company, it has 143.5 mm (L) x 71.0 mm (W) x 7.6 mm (H) slim aluminum alloy body.</p>

<p style="text-align: justify;">&nbsp;GR3 comes with a 13 MP rear snapper and a 5 MP front camera. According to the company, the phone has unique technology with 160ﾟwide viewing angle screen, accounting for 68 percent of the panel, with a 5.0 inch HD IPS LCD 720 display.</p>

<p style="text-align: justify;">Similarly, GR3 comes with a 2,200 mAh battery along with Bluetooth 4.0. Priced at Rs 21,999, the handset is available in three colors- titanium gray, silver and champagne gold.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3394',
			'image' => '20160517052910_huwai.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 13 => array(
		'Article' => array(
			'id' => '3559',
			'article_category_id' => '1',
			'title' => 'NMB’s Interaction Concludes',
			'sub_title' => '',
			'summary' => 'May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.',
			'content' => '<p style="text-align: justify;">May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Through this program we knew about facilities provided by the bank. The bank&rsquo;s effort to help us is very admiring,&rdquo; said one participant.</p>

<p style="text-align: justify;">Issuing a press statement, the bank said that the program has been organised as per its new corporate campaign &lsquo;Atmanirbhar Nepal&rsquo; launched in late April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3393',
			'image' => '20160517122945_nmb.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3558',
			'article_category_id' => '1',
			'title' => 'Garima Bank Opens Branch in Chapakot',
			'sub_title' => '',
			'summary' => 'May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16.    According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.',
			'content' => '<p style="text-align: justify;">May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16. &nbsp;</p>

<p style="text-align: justify;">According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Bank is planning to open new branches in Gongabu of Kathmandu and Bardgat of Nawalparasi as well,&rdquo; informed Govinda Prasad Dhakal, Executive Officer of Garima Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3392',
			'image' => '20160517120238_garima.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/index.ctp, line 157
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117

Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
			'article_date' => '2016-05-19 00:00:00',
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	(int) 1 => array(
		'Article' => array(
			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 2 => array(
		'Article' => array(
			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3403',
			'image' => null,
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3400',
			'image' => '20160518035049_on.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '3565',
			'article_category_id' => '1',
			'title' => 'Reduction in International Trade of Nepal',
			'sub_title' => '',
			'summary' => 'May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal’s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.',
			'content' => '<p style="text-align: justify;">May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal&rsquo;s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.</p>

<p style="text-align: justify;">According to NRB statistics, Nepal has exported merchandise worth Rs. 49.24 billion while imported Rs. 519.97 billion worth of merchandise. In the last FY, Nepal had exported merchandise of Rs 64.27 billion while imported Rs 577.1 billion merchandise.</p>

<p style="text-align: justify;">Similarly, international trade of Nepal with all countries are in negative trend in the review period. Among them, trade with India, Nepal&rsquo;s biggest trade partner has shown contraction. In the review period, exports to India have decreased by 33.4 percent while imports have decreased by 14.3 percent. Likewise, export to another major trade partner, China has decreased by 41.3 percent whereas import has increased by 2.8 percent.</p>

<p style="text-align: justify;">In the review period, the export-import price index has improved by 24.5 percent in the review period. The price index has shown improvement due to the increase in price of export items such as cardamom, yarsagumba and fall in the price of petroleum products.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3399',
			'image' => null,
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3564',
			'article_category_id' => '1',
			'title' => 'Nepal International Gem and Jewelry Expo from Friday',
			'sub_title' => '',
			'summary' => 'May 18: Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and ‘Nepal Gem and Jewelry Council’ promoted by Federation of Nepal Gold Silver Dealers’ Association.  ',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and &lsquo;Nepal Gem and Jewelry Council&rsquo; promoted by Federation of Nepal Gold Silver Dealers&rsquo; Association. &nbsp;</p>

<p style="text-align: justify;">The organizers informed that there will be 59 stalls in the expo with 53 domestic and remaining six foreign. Similarly, India&rsquo;s Gem and Jewellery Export Promotion Council, Gemological Institute of America operating in India and The New Jewelers Magazine will be supporting promotional and technical knowledge.</p>

<p style="text-align: justify;">&nbsp;According to organisers, valuable ornaments, jewelries and handicraft along with gems, modern machineries, ornamental watch will be showcased in the expo.</p>

<p style="text-align: justify;">The expo will also include a jewelry related seminar, gem cutting, polishing, finishing and &lsquo;live demonstration&rsquo; and a fashion show as additional attraction.</p>

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

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3398',
			'image' => '20160518033250_ge,.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3563',
			'article_category_id' => '1',
			'title' => 'Ashok Leyland Service Centre at Gongabu',
			'sub_title' => '',
			'summary' => 'May 18: LT Enterprises Pvt.Ltd., an automobile trading subsidiary of IME Group, has opened fully equipped service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company, issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 sq.ft. Areas where a full range of Ashok Leyland commercial vehicles comprising various models of trucks/tippers, buses, light commercial vehicles are displayed along with service and spare parts facilities.',
			'content' => '<p>May 18: LT Enterprises Pvt Ltd, the automobile trading subsidiary of IME Group, has opened a service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company &nbsp;issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 square feet area where a full range of Ashok Leyland commercial Vehicles comprising various models of trucks/tippers, buses and light commercial vehicles are displayed along with service and spare parts facilities.</p>

<p>The service centre was inaugurated jointly by Chandra Prasad Dhakal, Executive Chairman of IME group, Hem Raj Dhakal, Executive Director of IME Group, Vinod K Dasari, Managing Director of Ashok Leyland Ltd, Rajive Saharia, President of Global Sales and Distribution of Ashok Leyland Ltd, in presence of other officials from Ashok Leyland India and the entire team of IME Group.</p>

<p>&ldquo;With the official launch of Ashok Leyland and IME Group&rsquo;s brand association in Nepal, LT Enterprises expects to reach new highs in the Commercial Vehicle industry in near future by leveraging Ashok Leyland&rsquo;s esteemed brand recognition as a trustworthy brand and through our excellent sales and service facilities set up as well as planned at important locations at key markets of the country&rdquo; said Chandra Prasad Dhakal, Executive Chairman of IME group speaking at the inauguration ceremony.</p>

<p>On the occasion Chief Guest Vinod K Dasari, Managing Director of Ashok Leyland Ltd, wished all the very best to IME Group with Ashok Leyland business venture. Further, he congratulated IME Group for the unison of Ashok Leyland and IME, as right a right channel partner for Ashok Leyland in Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3397',
			'image' => '20160518013331_ley.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3562',
			'article_category_id' => '1',
			'title' => 'Interbank Loan Increases 42% in 9 Months',
			'sub_title' => '',
			'summary' => 'May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as ‘high liquidity year’, tight liquidity in the third quarter has attributed to increase in interbank loans.  Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.',
			'content' => '<p style="text-align: justify;">May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as &lsquo;high liquidity year&rsquo;, tight liquidity in the third quarter has attributed to increase in interbank loans.</p>

<p style="text-align: justify;">Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.</p>

<p style="text-align: justify;">After the devastating earthquake and the border blockade, Nepal Rastra Bank had mopped up Rs 471 billion excess liquidity from banking sector due to low investment. Following the end of border blockade, trade expansion and liquidity holding through short-term monetary tools led to increase in interbank transactions of BFIs. The BFIs&rsquo; loan investment has increased by 15 percent to Rs 1565 billion in last mid-April. Likewise, bank loan investment has increased by 14.4 percent in the private sector.</p>

<p style="text-align: justify;">Meanwhile, utilization of refinance facility provided by NRB in subsidised rate to expand export and productive sector has decreased during the review period. The total sum of general refinance and export refinance has limited to Rs 2.26 billion and Rs 1.12 billion respectively. Similarly, only Rs 14 million of subsidised loans provided for earthquake survivors has been utilised. Although 20 percent investment in productive sector has been made mandatory by NRB, only 16.32 percent has been invested so far. &nbsp;In the meantime, deposit collection of the bank has increased by 12 percent to Rs 1970 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3396',
			'image' => '20160518125040_interbank.jpg',
			'article_date' => '2016-05-18 00:00:00',
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			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3561',
			'article_category_id' => '1',
			'title' => 'Microfinance Conference Concludes with 16 pt Declaration',
			'sub_title' => '',
			'summary' => 'May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.',
			'content' => '<p style="text-align: justify;">May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.</p>

<p style="text-align: justify;">The declaration prepared after detail discussion was presented by Rajendra Bahadur Pradhan, member of the organising committee. As per the declaration, microfinance sector will organise a campaign to reduce the poverty level of the households which are under poverty line to zero by 2030. The declaration stated that microfinance companies will operate health insurance all across Nepal.</p>

<p style="text-align: justify;">&nbsp;Similarly, the declaration comprises programs to include marginalised people by forming a taskplan, &nbsp;formulate required strategies to develop skills &nbsp;of members in order to foster entrepreneurship and operating commercial development &nbsp;trainings.&nbsp; The declaration also includes programs to raise loan ceiling to Rs 5 million from Nepal Rastra Bank to increase access of finance in remote areas while requesting a five-year payment period.</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3395',
			'image' => '20160517053630_micro.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 12 => array(
		'Article' => array(
			'id' => '3560',
			'article_category_id' => '1',
			'title' => '​Huawei GR3 in Nepal',
			'sub_title' => '',
			'summary' => 'May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The Huawei GR3 is the latest smart phone in its G series of smartphone. “This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,” informs the company in a press statement.',
			'content' => '<p style="text-align: justify;">May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The new Huawei phone is the latest in the company&rsquo;s G series handsets. &ldquo;This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,&rdquo; says the company in a press statement.</p>

<p style="text-align: justify;">GR3 is powered by an octa-core 64 &ndash; bit CPU running on Android 5.1 Lollipop with EMUI 3.1 Lite interface and supports 4G LTE Cat4 networks. The latest Huawei handset comes with a 16GB ROM expandable up to 128 GB and 2GB RAM .The phone has unique one-piece aluminum back cover. As per the company, it has 143.5 mm (L) x 71.0 mm (W) x 7.6 mm (H) slim aluminum alloy body.</p>

<p style="text-align: justify;">&nbsp;GR3 comes with a 13 MP rear snapper and a 5 MP front camera. According to the company, the phone has unique technology with 160ﾟwide viewing angle screen, accounting for 68 percent of the panel, with a 5.0 inch HD IPS LCD 720 display.</p>

<p style="text-align: justify;">Similarly, GR3 comes with a 2,200 mAh battery along with Bluetooth 4.0. Priced at Rs 21,999, the handset is available in three colors- titanium gray, silver and champagne gold.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3394',
			'image' => '20160517052910_huwai.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 13 => array(
		'Article' => array(
			'id' => '3559',
			'article_category_id' => '1',
			'title' => 'NMB’s Interaction Concludes',
			'sub_title' => '',
			'summary' => 'May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.',
			'content' => '<p style="text-align: justify;">May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Through this program we knew about facilities provided by the bank. The bank&rsquo;s effort to help us is very admiring,&rdquo; said one participant.</p>

<p style="text-align: justify;">Issuing a press statement, the bank said that the program has been organised as per its new corporate campaign &lsquo;Atmanirbhar Nepal&rsquo; launched in late April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3393',
			'image' => '20160517122945_nmb.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 14 => array(
		'Article' => array(
			'id' => '3558',
			'article_category_id' => '1',
			'title' => 'Garima Bank Opens Branch in Chapakot',
			'sub_title' => '',
			'summary' => 'May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16.    According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.',
			'content' => '<p style="text-align: justify;">May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16. &nbsp;</p>

<p style="text-align: justify;">According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Bank is planning to open new branches in Gongabu of Kathmandu and Bardgat of Nawalparasi as well,&rdquo; informed Govinda Prasad Dhakal, Executive Officer of Garima Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3392',
			'image' => '20160517120238_garima.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
$current_user = null
$logged_in = false
$xml = false
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

Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
  //  $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'
$dataForView = array(
	'articles' => array(
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$articles = array(
	(int) 0 => array(
		'Article' => array(
			'id' => '3572',
			'article_category_id' => '1',
			'title' => 'Kumari Bank Starts Branch in Okhaldhunga',
			'sub_title' => '',
			'summary' => 'May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.',
			'content' => '<p style="text-align: justify;">May 19: Kumari Bank has started a new branch in Okhaldhunga. Santosh Kumar Lama, Chairman of Kumari Bank and Udhyab Prasad Bhattarai, District Judge of Okhaldhuga jointly inaugurated the opening of the branch.</p>

<p style="text-align: justify;">On the opening ceremony of the branch, Dr. Sobhakant Dhakal, Director of the bank clarified on merger progress of the bank as well as explained on financial accessibility through the branch. The bank informs of providing financial services through 36 branches, two extension counters and 46 ATMs after the opening.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3406',
			'image' => '20160519034754_kumari.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 1 => array(
		'Article' => array(
			'id' => '3571',
			'article_category_id' => '1',
			'title' => 'Remit Agreement between Global IME and Ipay Reliable',
			'sub_title' => '',
			'summary' => '  May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank.  In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan. ',
			'content' => '<p style="text-align: justify;">May 19: Global IME Bank and Ipay Reliable has finalised a remittance agreement. As per the agreement, money sent from abroad through Ipay will be able to receive from any branches of Global IME Bank. &nbsp;In coordination with various remittance companies, Ipay has been fetching remittance from countries like USA, Saudi Arab, Qatar, Malaysia, UAE, England, Australia and Japan.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3405',
			'image' => '20160519033212_glo.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 2 => array(
		'Article' => array(
			'id' => '3570',
			'article_category_id' => '1',
			'title' => 'Baroki Slippers in Nepal',
			'sub_title' => '',
			'summary' => 'May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.',
			'content' => '<p style="text-align: justify;">May 19: The Italian designed Baroki slipper has entered the Nepali market. According to the distributor, these high quality fashionable slippers are useful for summer and monsoon. The slippers can be purchased from online market Kamyu. Currently, Kamyu has floral and heart designed Baroki slippers. The slippers are available in green, pink, red and black.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3404',
			'image' => '20160519030617_chappal.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 3 => array(
		'Article' => array(
			'id' => '3569',
			'article_category_id' => '1',
			'title' => 'NRNA to Promote Nepali Tourism Worldwide',
			'sub_title' => '',
			'summary' => 'May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that   Nepali tourism will be promoted in coordination with NRNA with the concept of ‘Atithi Dev Bhabo”. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.',
			'content' => '<p style="text-align:justify">May 19: Tourism Board along with Ministry of Tourism has made an agreement with Non-Resident Nepali Association (NRNA) for the promotion of tourism sector of Nepal. It has been informed that &nbsp;&nbsp;Nepali tourism will be promoted in coordination with NRNA with the concept of &lsquo;Atithi Dev Bhabo&rdquo;. Furthermore, the board has coordinated with Ministry of Culture and Tourism and Civil Aviation to promote the campaign worldwide.</p>

<p style="text-align:justify">&ldquo;Although Nepal has magnificent natural and cultural heritage, arrival of tourists is not proportionally satisfactory&rdquo; says the board. It is believed that various programs of Ministry of Tourism and Tourism Board would be more effective if it is organised through NRNA.</p>

<p style="text-align:justify">As per the agreement, NRN will help to increase internal tourism along with promote Nepali tourism and hospitality in international platforms. NRN will also promote &lsquo;Atithi Dev Bhabo&rsquo; campaign using NRN network in 75 foreign countries. Similarly it has been informed that in order to make the campaign fruitful worldwide, Branch Managers of NRNA network in all 75 countries will be made Goodwill Ambassador. The campaign has targeted to increase international tourists to 1.2 million by 2017.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3403',
			'image' => null,
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 4 => array(
		'Article' => array(
			'id' => '3568',
			'article_category_id' => '1',
			'title' => 'Indirect Benefits of Loan Swap to Non-Banking Assets',
			'sub_title' => '',
			'summary' => 'May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets.  Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers’ loan to own bank as well.  “Many use the technique to postpone loan payment” says banking sector related people.',
			'content' => '<p style="text-align:justify">May 19: Banks and Financial Institutions (BFIs) are utilising loan swap provision to show decrease in their non-banking assets. &nbsp;Loan swap is a provision where customers can transfer their loans to another bank and other banks can transfer customers&rsquo; loans to own banks as well.&nbsp; &ldquo;Many use the technique to postpone loan payment&rdquo; say&nbsp;banking sector related individuals.</p>

<p style="text-align:justify">However, problems in recovery of such loans lead to increase in non-banking assets of the banks. Among 81 BFIs that have published their third quarter financial reports of current FY till Wednesday, only 29 of them have non-banking assets. Currently, these BFIs have Rs 1.8 billion non-banking assets. Such loans have decreased to zero in four BFIs while six BFIs have shown new non-banking assets. In some BFIs, such loans have increased qualitatively.</p>

<p style="text-align:justify">BFIs have been fully utilising the loan swap authority given by NRB to transfer potential bad debt to each another&rsquo;s bank in mutual consent and be secure from bad debt provision. &ldquo;Let me give you an example,&rdquo; says a banker, &ldquo;Before some time, NRB has asked a bank to keep Rs 150 million loan provision. However, another bank agreed immediately and gave a customer loan of Rs 200 million in same collateral.&rdquo;</p>

<p style="text-align:justify">Although, NRB has provided facility of loan swap, it can be exercised only once in any loan. &ldquo;Therefore, there is no possibility for any bank to accept potential bad loan in consent,&rdquo; says Trilochan Pangeni, Spokesperson and Executive Director of NRB. Even though, banks have been taking advantage of procedural holes in the policy. &ldquo;As strategically such loans can be transfer only once, banks, in mutual understanding, shows recovery of old loan and issuance of new loan, which is difficult to regulate,&rdquo; says the banker.</p>

<p style="text-align:justify">This technique helps the former institution to secure from bad debt provision while new institution gets opportunity to earn additional interest income.&nbsp; Sources say that this kind of equation is formed in a bid to earn temporary benefits from taking risks, good relation between bankers and businessmen or due to investment of businessmen in BFIs. As loan advancing strategies and limitation on valuation differs with banks, customers seeking out for new institutions that will give more loan amount are in practice. &nbsp;</p>

<p style="text-align:justify">&ldquo;Even if banks adopt indirect technique of showing new loans, the new loans have to be paid one day. So there is lesser possibility of bankers taking such a high risks,&rdquo; says Pangeni. Although, with the increase in loan payment period, price of properties (house/land) also keep growing. Thus most bankers take these &lsquo;advance&rsquo; risk,&rdquo; informs the sources. Meanwhile, non-banking assets of merged entities have increased due to collateral of bad loans of former institution.</p>
',
			'published' => true,
			'created' => '2016-05-19',
			'modified' => '2016-05-19',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3402',
			'image' => '20160519124156_swap.jpg',
			'article_date' => '2016-05-19 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 5 => array(
		'Article' => array(
			'id' => '3567',
			'article_category_id' => '1',
			'title' => 'Colors P-80 in the Market',
			'sub_title' => '',
			'summary' => 'May 18: Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Teletalk Pvt Ltd, the authorised distributor of Colors mobile has launched the Colors Pride P-80. Introduced under the Colors t X factor Pride series handsets, P-80 comes with a 5 inch HD IPS screen and 3,200 mAh battery. Powered by a 1.3 GHz quad-core processor, the new Colors smartphone has 1GB RAM, 16 GB ROM along with an expansion slot which can be used to expand the internal storage up to 32 GB. The dual-SIM P-80 runs on Android Lollipop 5.1 OS and sports an 8MP rear camera and a 5MP front camera. According to Sanjay Agrawal, CEO of Teletalk, P-80 is available at Rs 9,995.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3401',
			'image' => '20160518040003_colors.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 6 => array(
		'Article' => array(
			'id' => '3566',
			'article_category_id' => '1',
			'title' => 'Online Booking of Xiaomi Mi 5 Starts',
			'sub_title' => '',
			'summary' => '  May 18: The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- www.xiaominepal.com.np and www.kaymu.com.np. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera.  The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;The online booking of Xiaomi Mi 5 has opened in Nepal. According to Vatsal Impex, the authorised distributor of Xiaomi handsets in Nepal, probable buyers can book the phone through websites- <a href="http://www.xiaominepal.com.np/">www.xiaominepal.com.np</a> and <a href="http://www.kaymu.com.np/">www.kaymu.com.np</a>. The latest flagship by the Chinese handset maker is creating a notable buzz in the global tech arena. Powered by Snapdragon 820 CPU and 4GB RAM, Xiaomi Mi 5 sports a 16MP back camera and 4MP ultra pixel front camera. &nbsp;The company is offering the smartphone at an introductory price of Rs 45,999 which is available in the online booking from May 17-20. As per the distributor, the phone will be price Rs 49,999 afterwards.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3400',
			'image' => '20160518035049_on.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 7 => array(
		'Article' => array(
			'id' => '3565',
			'article_category_id' => '1',
			'title' => 'Reduction in International Trade of Nepal',
			'sub_title' => '',
			'summary' => 'May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal’s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.',
			'content' => '<p style="text-align: justify;">May 18: Nepali international trade is likely to have a downfall in current FY. Due to the affects of the devastating earthquake of last year and the five months long border blockade, Nepal&rsquo;s international trade might decrease significantly this FY. According to the current macroeconomic and financial situation of Nepal based on nine months data, import and export of Nepal with various countries are likely to decrease by 9.9 percent and 23.4 percent respectively.</p>

<p style="text-align: justify;">According to NRB statistics, Nepal has exported merchandise worth Rs. 49.24 billion while imported Rs. 519.97 billion worth of merchandise. In the last FY, Nepal had exported merchandise of Rs 64.27 billion while imported Rs 577.1 billion merchandise.</p>

<p style="text-align: justify;">Similarly, international trade of Nepal with all countries are in negative trend in the review period. Among them, trade with India, Nepal&rsquo;s biggest trade partner has shown contraction. In the review period, exports to India have decreased by 33.4 percent while imports have decreased by 14.3 percent. Likewise, export to another major trade partner, China has decreased by 41.3 percent whereas import has increased by 2.8 percent.</p>

<p style="text-align: justify;">In the review period, the export-import price index has improved by 24.5 percent in the review period. The price index has shown improvement due to the increase in price of export items such as cardamom, yarsagumba and fall in the price of petroleum products.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3399',
			'image' => null,
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	(int) 8 => array(
		'Article' => array(
			'id' => '3564',
			'article_category_id' => '1',
			'title' => 'Nepal International Gem and Jewelry Expo from Friday',
			'sub_title' => '',
			'summary' => 'May 18: Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and ‘Nepal Gem and Jewelry Council’ promoted by Federation of Nepal Gold Silver Dealers’ Association.  ',
			'content' => '<p style="text-align: justify;">May 18:&nbsp;Nepal International Gem and Jewelry Expo will be held in Kathmandu from Friday. According to the organizers, the expo aims to promote export of Nepali ornaments, originality of handicrafts, diversity along with exposing special abilities of Nepali jewelers to national and international levels. The expo will be jointly organised by Federation of Handicraft Association of Nepal, Federation of Nepal Gold Silver Gem and Jewelry Association and &lsquo;Nepal Gem and Jewelry Council&rsquo; promoted by Federation of Nepal Gold Silver Dealers&rsquo; Association. &nbsp;</p>

<p style="text-align: justify;">The organizers informed that there will be 59 stalls in the expo with 53 domestic and remaining six foreign. Similarly, India&rsquo;s Gem and Jewellery Export Promotion Council, Gemological Institute of America operating in India and The New Jewelers Magazine will be supporting promotional and technical knowledge.</p>

<p style="text-align: justify;">&nbsp;According to organisers, valuable ornaments, jewelries and handicraft along with gems, modern machineries, ornamental watch will be showcased in the expo.</p>

<p style="text-align: justify;">The expo will also include a jewelry related seminar, gem cutting, polishing, finishing and &lsquo;live demonstration&rsquo; and a fashion show as additional attraction.</p>

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

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

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3398',
			'image' => '20160518033250_ge,.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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			'user_id' => '16'
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	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3563',
			'article_category_id' => '1',
			'title' => 'Ashok Leyland Service Centre at Gongabu',
			'sub_title' => '',
			'summary' => 'May 18: LT Enterprises Pvt.Ltd., an automobile trading subsidiary of IME Group, has opened fully equipped service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company, issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 sq.ft. Areas where a full range of Ashok Leyland commercial vehicles comprising various models of trucks/tippers, buses, light commercial vehicles are displayed along with service and spare parts facilities.',
			'content' => '<p>May 18: LT Enterprises Pvt Ltd, the automobile trading subsidiary of IME Group, has opened a service centre for Ashok Leyland brand of commercial vehicles at Gongabu, New Buspark, Kathmandu. The company &nbsp;issuing a press release said that the service centre is a full-fledged setup expanded in 35,000 square feet area where a full range of Ashok Leyland commercial Vehicles comprising various models of trucks/tippers, buses and light commercial vehicles are displayed along with service and spare parts facilities.</p>

<p>The service centre was inaugurated jointly by Chandra Prasad Dhakal, Executive Chairman of IME group, Hem Raj Dhakal, Executive Director of IME Group, Vinod K Dasari, Managing Director of Ashok Leyland Ltd, Rajive Saharia, President of Global Sales and Distribution of Ashok Leyland Ltd, in presence of other officials from Ashok Leyland India and the entire team of IME Group.</p>

<p>&ldquo;With the official launch of Ashok Leyland and IME Group&rsquo;s brand association in Nepal, LT Enterprises expects to reach new highs in the Commercial Vehicle industry in near future by leveraging Ashok Leyland&rsquo;s esteemed brand recognition as a trustworthy brand and through our excellent sales and service facilities set up as well as planned at important locations at key markets of the country&rdquo; said Chandra Prasad Dhakal, Executive Chairman of IME group speaking at the inauguration ceremony.</p>

<p>On the occasion Chief Guest Vinod K Dasari, Managing Director of Ashok Leyland Ltd, wished all the very best to IME Group with Ashok Leyland business venture. Further, he congratulated IME Group for the unison of Ashok Leyland and IME, as right a right channel partner for Ashok Leyland in Nepal.</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3397',
			'image' => '20160518013331_ley.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 10 => array(
		'Article' => array(
			'id' => '3562',
			'article_category_id' => '1',
			'title' => 'Interbank Loan Increases 42% in 9 Months',
			'sub_title' => '',
			'summary' => 'May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as ‘high liquidity year’, tight liquidity in the third quarter has attributed to increase in interbank loans.  Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.',
			'content' => '<p style="text-align: justify;">May 18: The interbank loan taken by banks and financial institutions has increase by 42 percent in the nine months of current fiscal year. Although the current FY has been considered as &lsquo;high liquidity year&rsquo;, tight liquidity in the third quarter has attributed to increase in interbank loans.</p>

<p style="text-align: justify;">Commercial banks had carried out interbank transactions of Rs 329 billion during the nine months of previous FY which has increased to Rs 640 billion in the same period of current FY. Similarly, development banks and finance companies had carried out such transactions worth Rs 163 billion in the same period of last FY which has decreased to Rs 61.47 billion in the review period. In the last mid-April, weighted average interest rate on interbank loan was three percent after which it has increased to 5.66 percent. Presently, it is below one percent that indicates of improve in tight liquidity in the banking sector.</p>

<p style="text-align: justify;">After the devastating earthquake and the border blockade, Nepal Rastra Bank had mopped up Rs 471 billion excess liquidity from banking sector due to low investment. Following the end of border blockade, trade expansion and liquidity holding through short-term monetary tools led to increase in interbank transactions of BFIs. The BFIs&rsquo; loan investment has increased by 15 percent to Rs 1565 billion in last mid-April. Likewise, bank loan investment has increased by 14.4 percent in the private sector.</p>

<p style="text-align: justify;">Meanwhile, utilization of refinance facility provided by NRB in subsidised rate to expand export and productive sector has decreased during the review period. The total sum of general refinance and export refinance has limited to Rs 2.26 billion and Rs 1.12 billion respectively. Similarly, only Rs 14 million of subsidised loans provided for earthquake survivors has been utilised. Although 20 percent investment in productive sector has been made mandatory by NRB, only 16.32 percent has been invested so far. &nbsp;In the meantime, deposit collection of the bank has increased by 12 percent to Rs 1970 billion.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-18',
			'modified' => '2016-05-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3396',
			'image' => '20160518125040_interbank.jpg',
			'article_date' => '2016-05-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 11 => array(
		'Article' => array(
			'id' => '3561',
			'article_category_id' => '1',
			'title' => 'Microfinance Conference Concludes with 16 pt Declaration',
			'sub_title' => '',
			'summary' => 'May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.',
			'content' => '<p style="text-align: justify;">May 17: The two-day National Microfinance Member Conference held in Kathmandu has concluded issuing a 16-point declaration. The conference held on Sunday and Monday aimed to provide feedback for national policy formulation and implementation of programs in the microfinance sector. The conference was participated by representatives of marginalised groups and women entrepreneurs, policymakers along with 700 participants from various organisations.</p>

<p style="text-align: justify;">The declaration prepared after detail discussion was presented by Rajendra Bahadur Pradhan, member of the organising committee. As per the declaration, microfinance sector will organise a campaign to reduce the poverty level of the households which are under poverty line to zero by 2030. The declaration stated that microfinance companies will operate health insurance all across Nepal.</p>

<p style="text-align: justify;">&nbsp;Similarly, the declaration comprises programs to include marginalised people by forming a taskplan, &nbsp;formulate required strategies to develop skills &nbsp;of members in order to foster entrepreneurship and operating commercial development &nbsp;trainings.&nbsp; The declaration also includes programs to raise loan ceiling to Rs 5 million from Nepal Rastra Bank to increase access of finance in remote areas while requesting a five-year payment period.</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3395',
			'image' => '20160517053630_micro.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 12 => array(
		'Article' => array(
			'id' => '3560',
			'article_category_id' => '1',
			'title' => '​Huawei GR3 in Nepal',
			'sub_title' => '',
			'summary' => 'May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The Huawei GR3 is the latest smart phone in its G series of smartphone. “This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,” informs the company in a press statement.',
			'content' => '<p style="text-align: justify;">May 17: Huawei Technologies has launched Huawei GR3 in the Nepali market. The new Huawei phone is the latest in the company&rsquo;s G series handsets. &ldquo;This elegant smart phone comes with fine connectivity clubbed with concise and delicate design,&rdquo; says the company in a press statement.</p>

<p style="text-align: justify;">GR3 is powered by an octa-core 64 &ndash; bit CPU running on Android 5.1 Lollipop with EMUI 3.1 Lite interface and supports 4G LTE Cat4 networks. The latest Huawei handset comes with a 16GB ROM expandable up to 128 GB and 2GB RAM .The phone has unique one-piece aluminum back cover. As per the company, it has 143.5 mm (L) x 71.0 mm (W) x 7.6 mm (H) slim aluminum alloy body.</p>

<p style="text-align: justify;">&nbsp;GR3 comes with a 13 MP rear snapper and a 5 MP front camera. According to the company, the phone has unique technology with 160ﾟwide viewing angle screen, accounting for 68 percent of the panel, with a 5.0 inch HD IPS LCD 720 display.</p>

<p style="text-align: justify;">Similarly, GR3 comes with a 2,200 mAh battery along with Bluetooth 4.0. Priced at Rs 21,999, the handset is available in three colors- titanium gray, silver and champagne gold.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3394',
			'image' => '20160517052910_huwai.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 13 => array(
		'Article' => array(
			'id' => '3559',
			'article_category_id' => '1',
			'title' => 'NMB’s Interaction Concludes',
			'sub_title' => '',
			'summary' => 'May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.',
			'content' => '<p style="text-align: justify;">May 17: NMB bank has recently conducted an interaction program in regarding the commercial business and financial mobilization. The program was directed towards the clients who are doing commercial business and financial mobilisation in large volumes. Participants found the program to be advantageous as it was aimed at facilitating the needs of daily transactions of the clients.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Through this program we knew about facilities provided by the bank. The bank&rsquo;s effort to help us is very admiring,&rdquo; said one participant.</p>

<p style="text-align: justify;">Issuing a press statement, the bank said that the program has been organised as per its new corporate campaign &lsquo;Atmanirbhar Nepal&rsquo; launched in late April.</p>

<p style="text-align: justify;">&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3393',
			'image' => '20160517122945_nmb.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	),
	(int) 14 => array(
		'Article' => array(
			'id' => '3558',
			'article_category_id' => '1',
			'title' => 'Garima Bank Opens Branch in Chapakot',
			'sub_title' => '',
			'summary' => 'May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16.    According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.',
			'content' => '<p style="text-align: justify;">May 17: Garima Bank has opened a branch in Chapakot of Syangja. Chiranjibi Chapagain, Director of Nepal Rastra Bank inaugurated the branch office amid a ceremony held on May 16. &nbsp;</p>

<p style="text-align: justify;">According to the bank, Chapakot branch will provide modern financial services to the locals and will bring programs to increase financial accessibility.</p>

<p style="text-align: justify;">&nbsp;&ldquo;Bank is planning to open new branches in Gongabu of Kathmandu and Bardgat of Nawalparasi as well,&rdquo; informed Govinda Prasad Dhakal, Executive Officer of Garima Bank.&nbsp;</p>
',
			'published' => true,
			'created' => '2016-05-17',
			'modified' => '2016-05-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '3392',
			'image' => '20160517120238_garima.jpg',
			'article_date' => '2016-05-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
		)
	)
)
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