January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power…
January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power…
January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday.…
January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from today to upgrade the road.…
January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal.…
January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the…
January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national…
January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and…
January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his…
The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power…
The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the…
The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on…
January 4: The price of red potatoes has decreased by 24 percent in the last one…
January 4: The interest of students towards hotel management is increasing of late.…
January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade.…
January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months.…
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the administrative building of Sunapati Rural Municipality of Ramechhap on Thursday, PM Dahal expressed the hope that the long-term pact on power trade signed during the visit of Indian External Affairs Minister S Jaishankar to Nepal would help the country to make significant shift in power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing that the memorandum of understanding (MoU) was signed for exporting 10,000 MW electricity to India in 10 years during his visit to India last year, PM Dahal further said the signing of the long-term agreement has opened up avenues for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"This is an achievement in itself. It has opened the doors for power trade with India and Bangladesh," he said, adding, "Electricity will also be exported to Bangladesh by using the Indian grid." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On a different note, PM Dahal said the ruling coalition has realized the need of national consensus to ensure effective operation of the parliament and conclude the transitional justice related works. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19629', 'image' => '20240105024225_electricity.jpg', 'article_date' => '2024-01-05 14:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19903', 'article_category_id' => '1', 'title' => 'Ninth Nepal Wood International Expo begins in Bhrikutimandap ', 'sub_title' => '', 'summary' => 'January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. The three-day event is being jointly organised by Media Space Solutions Pvt Ltd and India's Futurex Trade Fair and Events Pvt Ltd. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The organisers said this expo is Nepal's largest exhibition of wood and woodcraft machinery, furniture production technologies, tools and fittings, interior design, accessories, raw materials and products. It aims to inform visitors about the latest furniture products and new technologies used in furniture industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Media Space Solutions managing director Sirjal Bhattarai said furniture companies from Nepal, India, China, Taiwan, and Malaysia are taking part in the fair. The expo will conclude on Sunday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19628', 'image' => '20240105031932_wood.jpg', 'article_date' => '2024-01-05 15:18:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19902', 'article_category_id' => '1', 'title' => 'Bhimphedi-Kulekhani-Dakshinkali Road Closed for Maintenance Work ', 'sub_title' => '', 'summary' => 'January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from today to upgrade the road. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from Friday to upgrade the road. This is the shortest route from Hetauda to Kathmandu. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The road will be closed until April 12, 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Office, Makawanpur has urged commuters to use alternative route until April 12. Spokesperson for the District Police Office, Makawanpur Laxmi Bhandari said that the road leading to Kathmandu via Kulekhani-Chitlang and the Kanti Highway can be used as alternative route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to her, one can also take the Narayangadh-Muglin road to Kathmandu. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19627', 'image' => '20240105031829_img_2532.jpg', 'article_date' => '2024-01-05 15:17:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19899', 'article_category_id' => '1', 'title' => 'Vidushi Rana Appointed Consul General of the Republic of Iceland', 'sub_title' => '', 'summary' => 'January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. Dilip Kumar Paudel, chief of protocol of the Ministry of Foreign Affairs, handed over the certificate to Rana on Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a consul general, Rana will make an attepmt to facilitate tourism, cultural exchange, trade and investment between Nepal and the Republic of Iceland and increase understanding and cooperation for the mutual benefit of both nations. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Vidushi Rana is the executive director of Kiran Shoes (Goldstar Shoes). She expressed her commitment to take the relations between Nepal and the Republic of Iceland to a new height in the coming days.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19626', 'image' => '20240105024123_1704426379.bidusi rana.jpeg', 'article_date' => '2024-01-05 14:40:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19896', 'article_category_id' => '1', 'title' => 'Population Studies Highly Imperative for Analysis of Demographic Shift: Experts ', 'sub_title' => 'Population Graph Rises in Urban Areas, Falls in Villages: Study', 'summary' => 'January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a news conference organized by the Central Department of Population Studies (CDPS), the demographers and experts said that officials from all sectors should have a sort of knowhow on demography to formulate better development plans. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief of CDPS Prof Dr Yogendra Gurung said that the issue of population management requires urgent attention as the total fertility rate (TFR) has decreased to less than 1 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gurung said that the country has to make new strategies for social security to senior citizens which is around 7 per cent of the country's total population and also needs to think of children's future. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that study of demography is crucial for the formulation of economic, social and political policies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Associate Professor Dr Padma Prasad Khatiwada said that Nepal should learn lessons from China’s one-child policy of the past and its shift to a three-children policy at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking at the event, Associate Professor Bal Krishna Mabuhang argued that knowledge on demography would support every individual to figure out the needed human resources for the country's development and the priority sectors. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a grade-wise classifications study report of rural and urban areas in Nepal released by the National Statistics Office (NSO) on Tuesday revealed that the urban population was growing while that of the rural areas was on the decline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The NSO in this study analyzed the statistics related to the trends of settlements in urban, urban-oriented and rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the wards have been categorized as rural and urban areas on four basis, such as population, density of population, settlement areas and continuation of characteristics of urban area category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A comparative analysis of the last two census shows that the urban population has increased to 27.07 percent in 2021 from 22.31 percent in 2011. The urban-oriented population size has increased to 39.75 percent from 39.19 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The study has revealed that rural population has dropped to 33.19 percent from 38.5 percent in the last 10 years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Rural population is still one third in size. Due to the migration from rural to urban-oriented and urban areas, it has been difficult to manage population in urban areas while the rural areas are grappling with outflow of people," the study report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On geographical categorization, rural population covers 66 percent in hill areas and 16 percent in mountainous area. The urban-oriented population is 85 percent in Terai region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the urban and rural area categorization at local level, around 58 percent rural population live in 2,412 wards. Around 36.1 percent population live in 664 urban-oriented wards and five percent in 139 urban wards. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Census-2078, Nepal's population in urban areas is 66.17 percent and rural areas 33.83 percent. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19623', 'image' => '20240105112903_KTM eight by six - Copy.jpg', 'article_date' => '2024-01-05 11:28:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19895', 'article_category_id' => '1', 'title' => 'Hotel Entrepreneurs Urge Govt to Classify Hotel Industry as Priority Industry', 'sub_title' => '', 'summary' => 'January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The committee requested the minister to provide this sector with the services and facilities given to industries of high priority arguing that the hotel sector has made heavy investment and provided employment opportunities to a large number of people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A delegation led by the Vice President of FNCCI Hemraj Dhakal and the President of the Tourism and Aviation Committee of FNCCI Desh Bandhu Basnet said that the hotel sector, which makes a special contribution to the economy, is the pride of the nation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such a vital sector has been classified as only tourism business in the Industrial Enterprises Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, said the delegation urging the government to consider the hotel industry as an industry of national priority in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the delegation has also drew the government’s attention towards the downside of the Foreign Investment and Technology Transfer Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">which does not allow foreign brands to take away more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The federation argued that the current provision in the Act allows foreign brands to take royalties not exceeding </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales, making it difficult for international hotel resorts to operate in the country. The delegation has requested the government to facilitate this issue immediately.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Desh Bandhu Basnet, president of the Tourism and Aviation Committee of the FNCCI, had earlier prepared a report based on the suggestions from various associations and organizations related to the hotel business and submitted a memorandum to the Ministry of Industry, Commerce and Supplies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the request, the Ministry of Industry had taken a ministerial-level decision in early November to amend the law in order to solve the problem of royalty. In addition, the Ministry of Industry wrote a letter to the Ministry of Finance on December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">7, seeking for its opinion to include star hotels as priority industry in the Industrial Enterprises Act.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19622', 'image' => '20240105112746_1704426969.202311sdasd23021913_Hotel.jpg', 'article_date' => '2024-01-05 11:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19893', 'article_category_id' => '1', 'title' => 'Government Suspends Work Permits for Russia and Ukraine', 'sub_title' => '', 'summary' => 'January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government body took such measure as increasing number of Nepali nationals were found to have joined the Russian army illegally. The Ministry of Foreign Affairs has confirmed that ten Nepalis serving in the Russian army have been killed so far after Russia launched a war against Ukraine in February two years ago. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoFE director Kabiraj Uprety told the state news agency RSS that granting work permits individually and institutionally to the Nepali nationals for both the countries has been suspended. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Work permits have been suspended for Russia and Ukraine until further arrangements so as to minimize loss to the Nepali nationals going to the war-ravaged countries," RSS quoted Uprety as saying.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has urged Nepal citizens not to get recruited in the military service of the war-ravaged nations on the basis of false information or temptation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on August 1, the government issued a notice stating that the government has no policy of approving the recruitment of any Nepali citizens in foreign military forces expect in the national army of a few friendly nations in accordance with the long-standing agreement. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The foreign ministry has also urged all Nepalis to compulsorily receive no objection certificates (NOC) from the Nepali embassies and consulates in India, Bangladesh, Sri Lanka, the UAE, Saudi Arab, Kuwait, Qatar and Bahrain if they are traveling to Russia via those countries. Earlier, the NOC was issued only from Consular Service Department under the foreign ministry for those going to Russia for other reasons except for government assignment, study purpose in Russian scholarship and businesses. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has repeatedly urged Russia not to recruit Nepali citizens in its military rank and file and to send back any Nepali citizen who is currently serving in the army. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has also sought information from Russia about the number of Nepalis who have joined the Russian Army, in addition to the injured ones and their condition. </span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19621', 'image' => '20240105102729_work-permit.jpg', 'article_date' => '2024-01-05 10:26:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19894', 'article_category_id' => '1', 'title' => 'CIAA Sues Pilot Shah ', 'sub_title' => '', 'summary' => 'January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA filed a charge sheet against Shah at the Special Court, Kathmandu after it was found that he presented fake certificates of educational qualification for getting promoted to the eighth-level captain from junior pilot, CIAA Spokesperson Namahari Ghimire told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA had found his educational credentials to be phony after investigation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Ghimire further said that Shah had presented phony certificates showing that he had completed intermediate level in first division from VSJ Inter College of Gorakhpur, Uttar Pradesh, India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19620', 'image' => '20240105104516_CIAA eight by six.jpg', 'article_date' => '2024-01-05 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19892', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Four Agreements', 'sub_title' => '', 'summary' => 'The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 4: The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The agreements were signed in the presence of Foreign Minister Narayan Prakash Saud and Indian External Affairs Minister S Jaishankar.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Spokesperson at Foreign Ministry, Amrit Bahadur Rai, informed that Nepal and India signed an agreement on Indian grant assistance for implementation of high impact community development through government agencies or corporation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Other agreements signed by the two countries are- long term energy trade; cooperation between Nepal Electricity Authority and National Thermal Power Corporation on development of renewal energy; and between Nepal Academy of Science and Technology (NAST) and New Space India (NSI) on launch of Nepali satellite. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As per power trade agreement, Nepal would export 10,000-MW electricity to India in 10 years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a 132-KV interstate transmission lines- Raxaul-Parwanipur, Mainahiya- New Nautanawa, and Kushaha-Kataiya were inaugurated on Thursday itself.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The transmission lines were jointly inaugurated by Foreign Minister NP Saud and his Indian counterpart S Jaishankar. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Indian government has announced Rs 10 billion grant assistance to Nepal for its post-quake reconstruction. (RSS) </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19619', 'image' => '20240105065920_collage (2).jpg', 'article_date' => '2024-01-05 06:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '19891', 'article_category_id' => '1', 'title' => 'CAN Unveils Annual Sports Calendar for 2024', 'sub_title' => '', 'summary' => 'The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">January 4: The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to the schedule, Nepal is slated to take part in two ICC World Cup League II tournaments, T20 series, and various One Day Internationals (ODIs) in 2024.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"> Likewise, Nepal is set to compete in a three-match ODI series against Canada from February 10 to 14. Following this, a triangular T20 series featuring Nepal, Namibia, and the Netherlands is scheduled to be held in Nepal from February 27 to March 5.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Furthermore, Nepal 'A' will participate in five ODIs and three T20 matches against Ireland 'A' from March 19 to April 30. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The CAN has announced the hosting of the Nepal Premier League Cricket Tournament in November-December.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to CAN Secretary Paras Khadka, they will consider accommodating any country expressing its interest in playing against Nepal in the sports calendar. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19618', 'image' => '20240104043949_collage (13).jpg', 'article_date' => '2024-01-04 16:35:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '19890', 'article_category_id' => '1', 'title' => 'NEPSE Index Plummets by 8.71 Points to Close at 2049.28', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 4: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 303 scrips were traded through 108,403 transactions. The total turnover amounted to Rs 5.58 billion, involving the exchange of 16,052,101 shares.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) emerged as the frontrunner in terms of turnover, reaching Rs 33 crores. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, Kalika Power Company Limited (KPCL) and Singati Hydro Energy Limited (SHEL) each recorded a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In contrast, Siddhartha Premier Insurance Limited (SPIL) suffered the most significant loss, dropping by 6.56% and closing at a market price of Rs 769 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in negative territory, with the exception of the Hydropower Index, Investment Index, Mutual Fund, and Trading Index. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Trading Index showed the highest gain at 2.34%, while Mutual Fund posted a minimal gain of 0.76%. On the downside, Others Index incurred the maximum loss at 3.70%. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19617', 'image' => '20240104033542_collage (11).jpg', 'article_date' => '2024-01-04 15:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '19889', 'article_category_id' => '1', 'title' => 'Price of Potato Drops by 24 Percent in One Month, Cauliflower Rises by 101 Percent', 'sub_title' => '', 'summary' => 'January 4: The price of red potatoes has decreased by 24 percent in the last one month.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">January 4: The price of red potatoes has decreased by 24 percent in the last one month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Kalimati Fruit and Vegetable Market Development Committee, the price of local red potato decreased by 24 percent on January 4 compared to December 4 while the price of Indian red potato dropped by 20 percent in the review period.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the committee, the average price (wholesale price) of red potato a month ago was Rs 47 per kg, which has now dropped to Rs 36 per kg. Similarly, the price of red potato imported from India has dropped from Rs 39 per kg to Rs 31 per kg in a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The arrival of potatoes in the Kalimati market has decreased in a month. A month ago, 148,180 kg of potatoes arrived in the Kalimati market, which decreased by 8 percent to 135,690 kg on Thursday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, the price of large Nepali tomatoes has dropped 26 percent from Rs 75 to Rs 55 per kg in the review period while that of large Indian tomatoes has declined by 42 percent from 94 to Rs 55 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of small tomatoes produced in tunnels has dropped from Rs 25 to Rs 19 per kg while that of small local tomatoes has increased from Rs 12 to Rs 14 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of onions imported from India has dropped marginally from Rs 97 to Rs 95 per kg within a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local carrot remains unchanged at Rs 45 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local cabbage has dropped from Rs 45 to Rs 35 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In contrast, the price of cauliflower has increased by 101 percent from Rs 12 per kg to Rs 25 per kg within a span of one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of red radish has dropped 50 percent from Rs 25 to Rs 12.5 per kg but the price of white radish has increased marginally from Rs 11 to Rs 12 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of brinjal has also increased from Rs 22 to Rs 35 per kg while that of green peas has also increased from Rs 75 to Rs 96 per kg.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19616', 'image' => '20240104025759_20231117110131_20230223110227_potato-farming.jpg', 'article_date' => '2024-01-04 14:57:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19888', 'article_category_id' => '1', 'title' => 'Students’ Attraction Towards Hotel Management Increasing', 'sub_title' => '', 'summary' => 'January 4: The interest of students towards hotel management is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The interest of students towards hotel management is increasing of late. The attraction of students towards hotel management has started to increase because it is easy to study and pass the course and there are many job opportunities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Gaurav Gurung, who is studying Hotel Management (HM) at Oxford College of Engineering and Management in Nawalparasi (Bardghat-Susta East), said that he opted for this subject because he could get a job immediately after his studies. Gurung, who lives in Nepalgunj in Banke, says that he traveled all the way to Nawalparasi to study hotel management. Gurung says that there is a high demand for employment in the country and abroad after completing his hotel management course. He says that he studied this subject to become self-employed.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ronisha Bhujel, who came here to study HM from the eastern district of Khotang, Nepal, said that she learnt many things in hotel management, from simple work in the kitchen to speaking style and cleanliness. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"It is fun to apply the theory in practice," she said, adding that studying the course has also brought changes in her daily life.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Saroj Tamang, a hotel management trainer, said that most of the hotels and restaurants in the country have workers who have learned from experience rather than reading. According to him, the attraction of students to this course has increased because modern and big hotels are looking for educated and skilled human resources with theoretical as well as practical knowledge to cater to the needs of international guests.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The demand for educated manpower is increasing in Nepal with the development of new tourist areas and the establishment of large hotels and restaurants," he said, adding, "There is a great demand for those who study hotel management in small to large hotels and restaurants."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tamang said that apart from employment at home, many people are attracted to study hotel management in order to go abroad. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“There is a high demand for people who have studied hotel management, especially in the western countries," he said, adding that the number of students who want to study hotel management has increased because they can earn a good income after completing the course.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hari Thapalia, head of the Faculty of Management at Oxford College, said that the number of students coming to study hotel management is increasing every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Last year, we had only three sections for hotel management," he said, "This year, we have been teaching students in four sections for hotel management class</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He argues that students who study hotel management will also have the opportunity to become self-employed and employ others as they will develop the ability to open hotels and restaurants by themselves.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Thapalia says it is natural to desire to study hotel management in the context of modernization and imitation of western culture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Premhari Subedi, principal of Eden Garden School, another educational institution where hotel management course is offered, says that the number of educational institutions teaching this subject has increased due to the keen interest shown by students towards hotel management. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19615', 'image' => '20240104025701_1704283392.jpg', 'article_date' => '2024-01-04 14:56:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19887', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Long-Term Agreement on Electricity Trade', 'sub_title' => '', 'summary' => 'January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. Secretaries of both the countries signed the pact in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The signing of the agreement has materialized the bilateral understanding to export 10,000 megawatts of electricity from Nepal to India in the next ten years.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Energy, Water Resources and Irrigation, Gopal Sigdel and India's Energy Secretary Pankaj Agrawal signed on the agreement on behalf of their respective governments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bilateral understanding on electricity export was reached during Prime Minister Pushpa Kamal Dahal's visit to India from 31 May to 3 June 2023. During the visit, Indian Prime Minister Narendra Modi expressed India's commitment to long-term electricity purchase from Nepal, and both nations reached a consensus on this matter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Federal Council of Ministers of India has already endorsed the Memorandum of Understanding (MoU) in this regard. Accordingly, the agreement was signed during the two-day visit of India's External Affairs Minister Dr Subrahmanyam Jaishankar, starting from today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This agreement has opened the door for government and private entities in India to engage in power trade with Nepal through short-term, medium-term, and long-term contracts. The private sector of Nepal can also participate in the import and export of electricity after completing the necessary procedures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a joint press conference organised in course of Prime Minister Dahal's visit to India, prime ministers of both the countries had announced that the issue of power export was historic and significant. The government has already prepared energy development strategy with an objective of producing 28,000 MW electricity within the next 12 years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 28,000 MW electricity, the government has set a target to export 15,000 MW electricity to different countries including India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector welcomed the agreement, stating that his has paved the way for the development of Nepal's energy sector. The government has made a commitment to bring quality change in development of energy sector by taking the private sector in confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a delegation led by Indian Energy Secretary Agrawal paid a courtesy call on Energy Minister Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Energy Minister Basnet said that the agreement regarding the export of 10,000 MW electricity in the next 10 years would take the relations between the two countries to a new height. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The energy minister urged to accelerate other projects and complete them on slated time, expecting Indian investment in large projects. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19614', 'image' => '20240104022128_RSS_IMG_1268.jpg', 'article_date' => '2024-01-04 14:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19886', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Falls within the Interest Rate Corridor after Four Months', 'sub_title' => '', 'summary' => 'January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. The interest rate rose above the lower limit of the corridor after Nepal Rastra Bank mopped more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion of excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Nepal Rastra Bank, the daily average interbank interest rate remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.0358</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. On Monday, the interbank interest rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the 'Interest Rate Corridor Procedure-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' there to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The central bank has fixed the deposit collection rate at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent through the first quarterly review of the monetary policy of the current fiscal year (FY). Earlier this rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In the current fiscal year, the interbank interest rate fell below the limit of the interest rate corridor from the mid-September. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank, which did not use any tool to increase interest rates until </span></span><span style="font-size:13.5pt"><span style="font-family:"Courier New"">November 21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, issued deposit collection tools </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> times and raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">264</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion of liquidity from the market as of Wednesday. Out of that amount, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">117</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">65</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion is still with the central bank while the rest have matured and returned to the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion matured on Wednesday, the central Bank has called for applications to collect deposits worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market on Thursday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the current fiscal year, there has been excess liquidity in the financial system due to the inability of banks to provide loans compared to the increase in deposit collection in the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The average credit-deposit ratio (CD ratio) of banks remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80.06 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent on Monday. According to the provision that banks can give loans by maintaining this ratio up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, they have the capacity to expand loans by an additional Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of Monday, banks had collected deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6065 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion and provided loans of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5024 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. In the current fiscal year, bank deposits have increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">294 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion, while lending has increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">146 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion only. After mid-December, banks reduced the interest rate and focused on providing loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19613', 'image' => '20240104014906_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2024-01-04 13:48:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19900', 'article_category_id' => '1', 'title' => '‘Electricity Export Agreement with India a Milestone in Power Trade’', 'sub_title' => '', 'summary' => 'January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the administrative building of Sunapati Rural Municipality of Ramechhap on Thursday, PM Dahal expressed the hope that the long-term pact on power trade signed during the visit of Indian External Affairs Minister S Jaishankar to Nepal would help the country to make significant shift in power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing that the memorandum of understanding (MoU) was signed for exporting 10,000 MW electricity to India in 10 years during his visit to India last year, PM Dahal further said the signing of the long-term agreement has opened up avenues for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"This is an achievement in itself. It has opened the doors for power trade with India and Bangladesh," he said, adding, "Electricity will also be exported to Bangladesh by using the Indian grid." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On a different note, PM Dahal said the ruling coalition has realized the need of national consensus to ensure effective operation of the parliament and conclude the transitional justice related works. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19629', 'image' => '20240105024225_electricity.jpg', 'article_date' => '2024-01-05 14:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19903', 'article_category_id' => '1', 'title' => 'Ninth Nepal Wood International Expo begins in Bhrikutimandap ', 'sub_title' => '', 'summary' => 'January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. The three-day event is being jointly organised by Media Space Solutions Pvt Ltd and India's Futurex Trade Fair and Events Pvt Ltd. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The organisers said this expo is Nepal's largest exhibition of wood and woodcraft machinery, furniture production technologies, tools and fittings, interior design, accessories, raw materials and products. It aims to inform visitors about the latest furniture products and new technologies used in furniture industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Media Space Solutions managing director Sirjal Bhattarai said furniture companies from Nepal, India, China, Taiwan, and Malaysia are taking part in the fair. The expo will conclude on Sunday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19628', 'image' => '20240105031932_wood.jpg', 'article_date' => '2024-01-05 15:18:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19902', 'article_category_id' => '1', 'title' => 'Bhimphedi-Kulekhani-Dakshinkali Road Closed for Maintenance Work ', 'sub_title' => '', 'summary' => 'January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from today to upgrade the road. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from Friday to upgrade the road. This is the shortest route from Hetauda to Kathmandu. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The road will be closed until April 12, 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Office, Makawanpur has urged commuters to use alternative route until April 12. Spokesperson for the District Police Office, Makawanpur Laxmi Bhandari said that the road leading to Kathmandu via Kulekhani-Chitlang and the Kanti Highway can be used as alternative route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to her, one can also take the Narayangadh-Muglin road to Kathmandu. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19627', 'image' => '20240105031829_img_2532.jpg', 'article_date' => '2024-01-05 15:17:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19899', 'article_category_id' => '1', 'title' => 'Vidushi Rana Appointed Consul General of the Republic of Iceland', 'sub_title' => '', 'summary' => 'January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. Dilip Kumar Paudel, chief of protocol of the Ministry of Foreign Affairs, handed over the certificate to Rana on Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a consul general, Rana will make an attepmt to facilitate tourism, cultural exchange, trade and investment between Nepal and the Republic of Iceland and increase understanding and cooperation for the mutual benefit of both nations. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Vidushi Rana is the executive director of Kiran Shoes (Goldstar Shoes). She expressed her commitment to take the relations between Nepal and the Republic of Iceland to a new height in the coming days.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19626', 'image' => '20240105024123_1704426379.bidusi rana.jpeg', 'article_date' => '2024-01-05 14:40:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19896', 'article_category_id' => '1', 'title' => 'Population Studies Highly Imperative for Analysis of Demographic Shift: Experts ', 'sub_title' => 'Population Graph Rises in Urban Areas, Falls in Villages: Study', 'summary' => 'January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a news conference organized by the Central Department of Population Studies (CDPS), the demographers and experts said that officials from all sectors should have a sort of knowhow on demography to formulate better development plans. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief of CDPS Prof Dr Yogendra Gurung said that the issue of population management requires urgent attention as the total fertility rate (TFR) has decreased to less than 1 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gurung said that the country has to make new strategies for social security to senior citizens which is around 7 per cent of the country's total population and also needs to think of children's future. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that study of demography is crucial for the formulation of economic, social and political policies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Associate Professor Dr Padma Prasad Khatiwada said that Nepal should learn lessons from China’s one-child policy of the past and its shift to a three-children policy at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking at the event, Associate Professor Bal Krishna Mabuhang argued that knowledge on demography would support every individual to figure out the needed human resources for the country's development and the priority sectors. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a grade-wise classifications study report of rural and urban areas in Nepal released by the National Statistics Office (NSO) on Tuesday revealed that the urban population was growing while that of the rural areas was on the decline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The NSO in this study analyzed the statistics related to the trends of settlements in urban, urban-oriented and rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the wards have been categorized as rural and urban areas on four basis, such as population, density of population, settlement areas and continuation of characteristics of urban area category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A comparative analysis of the last two census shows that the urban population has increased to 27.07 percent in 2021 from 22.31 percent in 2011. The urban-oriented population size has increased to 39.75 percent from 39.19 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The study has revealed that rural population has dropped to 33.19 percent from 38.5 percent in the last 10 years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Rural population is still one third in size. Due to the migration from rural to urban-oriented and urban areas, it has been difficult to manage population in urban areas while the rural areas are grappling with outflow of people," the study report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On geographical categorization, rural population covers 66 percent in hill areas and 16 percent in mountainous area. The urban-oriented population is 85 percent in Terai region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the urban and rural area categorization at local level, around 58 percent rural population live in 2,412 wards. Around 36.1 percent population live in 664 urban-oriented wards and five percent in 139 urban wards. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Census-2078, Nepal's population in urban areas is 66.17 percent and rural areas 33.83 percent. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19623', 'image' => '20240105112903_KTM eight by six - Copy.jpg', 'article_date' => '2024-01-05 11:28:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19895', 'article_category_id' => '1', 'title' => 'Hotel Entrepreneurs Urge Govt to Classify Hotel Industry as Priority Industry', 'sub_title' => '', 'summary' => 'January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The committee requested the minister to provide this sector with the services and facilities given to industries of high priority arguing that the hotel sector has made heavy investment and provided employment opportunities to a large number of people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A delegation led by the Vice President of FNCCI Hemraj Dhakal and the President of the Tourism and Aviation Committee of FNCCI Desh Bandhu Basnet said that the hotel sector, which makes a special contribution to the economy, is the pride of the nation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such a vital sector has been classified as only tourism business in the Industrial Enterprises Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, said the delegation urging the government to consider the hotel industry as an industry of national priority in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the delegation has also drew the government’s attention towards the downside of the Foreign Investment and Technology Transfer Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">which does not allow foreign brands to take away more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The federation argued that the current provision in the Act allows foreign brands to take royalties not exceeding </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales, making it difficult for international hotel resorts to operate in the country. The delegation has requested the government to facilitate this issue immediately.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Desh Bandhu Basnet, president of the Tourism and Aviation Committee of the FNCCI, had earlier prepared a report based on the suggestions from various associations and organizations related to the hotel business and submitted a memorandum to the Ministry of Industry, Commerce and Supplies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the request, the Ministry of Industry had taken a ministerial-level decision in early November to amend the law in order to solve the problem of royalty. In addition, the Ministry of Industry wrote a letter to the Ministry of Finance on December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">7, seeking for its opinion to include star hotels as priority industry in the Industrial Enterprises Act.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19622', 'image' => '20240105112746_1704426969.202311sdasd23021913_Hotel.jpg', 'article_date' => '2024-01-05 11:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19893', 'article_category_id' => '1', 'title' => 'Government Suspends Work Permits for Russia and Ukraine', 'sub_title' => '', 'summary' => 'January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government body took such measure as increasing number of Nepali nationals were found to have joined the Russian army illegally. The Ministry of Foreign Affairs has confirmed that ten Nepalis serving in the Russian army have been killed so far after Russia launched a war against Ukraine in February two years ago. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoFE director Kabiraj Uprety told the state news agency RSS that granting work permits individually and institutionally to the Nepali nationals for both the countries has been suspended. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Work permits have been suspended for Russia and Ukraine until further arrangements so as to minimize loss to the Nepali nationals going to the war-ravaged countries," RSS quoted Uprety as saying.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has urged Nepal citizens not to get recruited in the military service of the war-ravaged nations on the basis of false information or temptation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on August 1, the government issued a notice stating that the government has no policy of approving the recruitment of any Nepali citizens in foreign military forces expect in the national army of a few friendly nations in accordance with the long-standing agreement. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The foreign ministry has also urged all Nepalis to compulsorily receive no objection certificates (NOC) from the Nepali embassies and consulates in India, Bangladesh, Sri Lanka, the UAE, Saudi Arab, Kuwait, Qatar and Bahrain if they are traveling to Russia via those countries. Earlier, the NOC was issued only from Consular Service Department under the foreign ministry for those going to Russia for other reasons except for government assignment, study purpose in Russian scholarship and businesses. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has repeatedly urged Russia not to recruit Nepali citizens in its military rank and file and to send back any Nepali citizen who is currently serving in the army. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has also sought information from Russia about the number of Nepalis who have joined the Russian Army, in addition to the injured ones and their condition. </span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19621', 'image' => '20240105102729_work-permit.jpg', 'article_date' => '2024-01-05 10:26:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19894', 'article_category_id' => '1', 'title' => 'CIAA Sues Pilot Shah ', 'sub_title' => '', 'summary' => 'January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA filed a charge sheet against Shah at the Special Court, Kathmandu after it was found that he presented fake certificates of educational qualification for getting promoted to the eighth-level captain from junior pilot, CIAA Spokesperson Namahari Ghimire told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA had found his educational credentials to be phony after investigation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Ghimire further said that Shah had presented phony certificates showing that he had completed intermediate level in first division from VSJ Inter College of Gorakhpur, Uttar Pradesh, India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19620', 'image' => '20240105104516_CIAA eight by six.jpg', 'article_date' => '2024-01-05 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19892', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Four Agreements', 'sub_title' => '', 'summary' => 'The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 4: The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The agreements were signed in the presence of Foreign Minister Narayan Prakash Saud and Indian External Affairs Minister S Jaishankar.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Spokesperson at Foreign Ministry, Amrit Bahadur Rai, informed that Nepal and India signed an agreement on Indian grant assistance for implementation of high impact community development through government agencies or corporation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Other agreements signed by the two countries are- long term energy trade; cooperation between Nepal Electricity Authority and National Thermal Power Corporation on development of renewal energy; and between Nepal Academy of Science and Technology (NAST) and New Space India (NSI) on launch of Nepali satellite. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As per power trade agreement, Nepal would export 10,000-MW electricity to India in 10 years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a 132-KV interstate transmission lines- Raxaul-Parwanipur, Mainahiya- New Nautanawa, and Kushaha-Kataiya were inaugurated on Thursday itself.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The transmission lines were jointly inaugurated by Foreign Minister NP Saud and his Indian counterpart S Jaishankar. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Indian government has announced Rs 10 billion grant assistance to Nepal for its post-quake reconstruction. (RSS) </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19619', 'image' => '20240105065920_collage (2).jpg', 'article_date' => '2024-01-05 06:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '19891', 'article_category_id' => '1', 'title' => 'CAN Unveils Annual Sports Calendar for 2024', 'sub_title' => '', 'summary' => 'The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">January 4: The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to the schedule, Nepal is slated to take part in two ICC World Cup League II tournaments, T20 series, and various One Day Internationals (ODIs) in 2024.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"> Likewise, Nepal is set to compete in a three-match ODI series against Canada from February 10 to 14. Following this, a triangular T20 series featuring Nepal, Namibia, and the Netherlands is scheduled to be held in Nepal from February 27 to March 5.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Furthermore, Nepal 'A' will participate in five ODIs and three T20 matches against Ireland 'A' from March 19 to April 30. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The CAN has announced the hosting of the Nepal Premier League Cricket Tournament in November-December.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to CAN Secretary Paras Khadka, they will consider accommodating any country expressing its interest in playing against Nepal in the sports calendar. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19618', 'image' => '20240104043949_collage (13).jpg', 'article_date' => '2024-01-04 16:35:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '19890', 'article_category_id' => '1', 'title' => 'NEPSE Index Plummets by 8.71 Points to Close at 2049.28', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 4: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 303 scrips were traded through 108,403 transactions. The total turnover amounted to Rs 5.58 billion, involving the exchange of 16,052,101 shares.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) emerged as the frontrunner in terms of turnover, reaching Rs 33 crores. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, Kalika Power Company Limited (KPCL) and Singati Hydro Energy Limited (SHEL) each recorded a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In contrast, Siddhartha Premier Insurance Limited (SPIL) suffered the most significant loss, dropping by 6.56% and closing at a market price of Rs 769 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in negative territory, with the exception of the Hydropower Index, Investment Index, Mutual Fund, and Trading Index. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Trading Index showed the highest gain at 2.34%, while Mutual Fund posted a minimal gain of 0.76%. On the downside, Others Index incurred the maximum loss at 3.70%. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19617', 'image' => '20240104033542_collage (11).jpg', 'article_date' => '2024-01-04 15:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '19889', 'article_category_id' => '1', 'title' => 'Price of Potato Drops by 24 Percent in One Month, Cauliflower Rises by 101 Percent', 'sub_title' => '', 'summary' => 'January 4: The price of red potatoes has decreased by 24 percent in the last one month.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">January 4: The price of red potatoes has decreased by 24 percent in the last one month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Kalimati Fruit and Vegetable Market Development Committee, the price of local red potato decreased by 24 percent on January 4 compared to December 4 while the price of Indian red potato dropped by 20 percent in the review period.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the committee, the average price (wholesale price) of red potato a month ago was Rs 47 per kg, which has now dropped to Rs 36 per kg. Similarly, the price of red potato imported from India has dropped from Rs 39 per kg to Rs 31 per kg in a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The arrival of potatoes in the Kalimati market has decreased in a month. A month ago, 148,180 kg of potatoes arrived in the Kalimati market, which decreased by 8 percent to 135,690 kg on Thursday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, the price of large Nepali tomatoes has dropped 26 percent from Rs 75 to Rs 55 per kg in the review period while that of large Indian tomatoes has declined by 42 percent from 94 to Rs 55 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of small tomatoes produced in tunnels has dropped from Rs 25 to Rs 19 per kg while that of small local tomatoes has increased from Rs 12 to Rs 14 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of onions imported from India has dropped marginally from Rs 97 to Rs 95 per kg within a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local carrot remains unchanged at Rs 45 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local cabbage has dropped from Rs 45 to Rs 35 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In contrast, the price of cauliflower has increased by 101 percent from Rs 12 per kg to Rs 25 per kg within a span of one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of red radish has dropped 50 percent from Rs 25 to Rs 12.5 per kg but the price of white radish has increased marginally from Rs 11 to Rs 12 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of brinjal has also increased from Rs 22 to Rs 35 per kg while that of green peas has also increased from Rs 75 to Rs 96 per kg.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19616', 'image' => '20240104025759_20231117110131_20230223110227_potato-farming.jpg', 'article_date' => '2024-01-04 14:57:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19888', 'article_category_id' => '1', 'title' => 'Students’ Attraction Towards Hotel Management Increasing', 'sub_title' => '', 'summary' => 'January 4: The interest of students towards hotel management is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The interest of students towards hotel management is increasing of late. The attraction of students towards hotel management has started to increase because it is easy to study and pass the course and there are many job opportunities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Gaurav Gurung, who is studying Hotel Management (HM) at Oxford College of Engineering and Management in Nawalparasi (Bardghat-Susta East), said that he opted for this subject because he could get a job immediately after his studies. Gurung, who lives in Nepalgunj in Banke, says that he traveled all the way to Nawalparasi to study hotel management. Gurung says that there is a high demand for employment in the country and abroad after completing his hotel management course. He says that he studied this subject to become self-employed.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ronisha Bhujel, who came here to study HM from the eastern district of Khotang, Nepal, said that she learnt many things in hotel management, from simple work in the kitchen to speaking style and cleanliness. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"It is fun to apply the theory in practice," she said, adding that studying the course has also brought changes in her daily life.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Saroj Tamang, a hotel management trainer, said that most of the hotels and restaurants in the country have workers who have learned from experience rather than reading. According to him, the attraction of students to this course has increased because modern and big hotels are looking for educated and skilled human resources with theoretical as well as practical knowledge to cater to the needs of international guests.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The demand for educated manpower is increasing in Nepal with the development of new tourist areas and the establishment of large hotels and restaurants," he said, adding, "There is a great demand for those who study hotel management in small to large hotels and restaurants."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tamang said that apart from employment at home, many people are attracted to study hotel management in order to go abroad. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“There is a high demand for people who have studied hotel management, especially in the western countries," he said, adding that the number of students who want to study hotel management has increased because they can earn a good income after completing the course.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hari Thapalia, head of the Faculty of Management at Oxford College, said that the number of students coming to study hotel management is increasing every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Last year, we had only three sections for hotel management," he said, "This year, we have been teaching students in four sections for hotel management class</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He argues that students who study hotel management will also have the opportunity to become self-employed and employ others as they will develop the ability to open hotels and restaurants by themselves.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Thapalia says it is natural to desire to study hotel management in the context of modernization and imitation of western culture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Premhari Subedi, principal of Eden Garden School, another educational institution where hotel management course is offered, says that the number of educational institutions teaching this subject has increased due to the keen interest shown by students towards hotel management. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19615', 'image' => '20240104025701_1704283392.jpg', 'article_date' => '2024-01-04 14:56:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19887', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Long-Term Agreement on Electricity Trade', 'sub_title' => '', 'summary' => 'January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. Secretaries of both the countries signed the pact in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The signing of the agreement has materialized the bilateral understanding to export 10,000 megawatts of electricity from Nepal to India in the next ten years.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Energy, Water Resources and Irrigation, Gopal Sigdel and India's Energy Secretary Pankaj Agrawal signed on the agreement on behalf of their respective governments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bilateral understanding on electricity export was reached during Prime Minister Pushpa Kamal Dahal's visit to India from 31 May to 3 June 2023. During the visit, Indian Prime Minister Narendra Modi expressed India's commitment to long-term electricity purchase from Nepal, and both nations reached a consensus on this matter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Federal Council of Ministers of India has already endorsed the Memorandum of Understanding (MoU) in this regard. Accordingly, the agreement was signed during the two-day visit of India's External Affairs Minister Dr Subrahmanyam Jaishankar, starting from today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This agreement has opened the door for government and private entities in India to engage in power trade with Nepal through short-term, medium-term, and long-term contracts. The private sector of Nepal can also participate in the import and export of electricity after completing the necessary procedures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a joint press conference organised in course of Prime Minister Dahal's visit to India, prime ministers of both the countries had announced that the issue of power export was historic and significant. The government has already prepared energy development strategy with an objective of producing 28,000 MW electricity within the next 12 years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 28,000 MW electricity, the government has set a target to export 15,000 MW electricity to different countries including India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector welcomed the agreement, stating that his has paved the way for the development of Nepal's energy sector. The government has made a commitment to bring quality change in development of energy sector by taking the private sector in confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a delegation led by Indian Energy Secretary Agrawal paid a courtesy call on Energy Minister Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Energy Minister Basnet said that the agreement regarding the export of 10,000 MW electricity in the next 10 years would take the relations between the two countries to a new height. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The energy minister urged to accelerate other projects and complete them on slated time, expecting Indian investment in large projects. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19614', 'image' => '20240104022128_RSS_IMG_1268.jpg', 'article_date' => '2024-01-04 14:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19886', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Falls within the Interest Rate Corridor after Four Months', 'sub_title' => '', 'summary' => 'January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. The interest rate rose above the lower limit of the corridor after Nepal Rastra Bank mopped more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion of excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Nepal Rastra Bank, the daily average interbank interest rate remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.0358</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. On Monday, the interbank interest rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the 'Interest Rate Corridor Procedure-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' there to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The central bank has fixed the deposit collection rate at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent through the first quarterly review of the monetary policy of the current fiscal year (FY). Earlier this rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In the current fiscal year, the interbank interest rate fell below the limit of the interest rate corridor from the mid-September. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank, which did not use any tool to increase interest rates until </span></span><span style="font-size:13.5pt"><span style="font-family:"Courier New"">November 21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, issued deposit collection tools </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> times and raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">264</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion of liquidity from the market as of Wednesday. Out of that amount, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">117</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">65</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion is still with the central bank while the rest have matured and returned to the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion matured on Wednesday, the central Bank has called for applications to collect deposits worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market on Thursday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the current fiscal year, there has been excess liquidity in the financial system due to the inability of banks to provide loans compared to the increase in deposit collection in the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The average credit-deposit ratio (CD ratio) of banks remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80.06 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent on Monday. According to the provision that banks can give loans by maintaining this ratio up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, they have the capacity to expand loans by an additional Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of Monday, banks had collected deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6065 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion and provided loans of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5024 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. In the current fiscal year, bank deposits have increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">294 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion, while lending has increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">146 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion only. After mid-December, banks reduced the interest rate and focused on providing loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19613', 'image' => '20240104014906_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2024-01-04 13:48:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19900', 'article_category_id' => '1', 'title' => '‘Electricity Export Agreement with India a Milestone in Power Trade’', 'sub_title' => '', 'summary' => 'January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the administrative building of Sunapati Rural Municipality of Ramechhap on Thursday, PM Dahal expressed the hope that the long-term pact on power trade signed during the visit of Indian External Affairs Minister S Jaishankar to Nepal would help the country to make significant shift in power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing that the memorandum of understanding (MoU) was signed for exporting 10,000 MW electricity to India in 10 years during his visit to India last year, PM Dahal further said the signing of the long-term agreement has opened up avenues for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"This is an achievement in itself. It has opened the doors for power trade with India and Bangladesh," he said, adding, "Electricity will also be exported to Bangladesh by using the Indian grid." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On a different note, PM Dahal said the ruling coalition has realized the need of national consensus to ensure effective operation of the parliament and conclude the transitional justice related works. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19629', 'image' => '20240105024225_electricity.jpg', 'article_date' => '2024-01-05 14:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19903', 'article_category_id' => '1', 'title' => 'Ninth Nepal Wood International Expo begins in Bhrikutimandap ', 'sub_title' => '', 'summary' => 'January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. The three-day event is being jointly organised by Media Space Solutions Pvt Ltd and India's Futurex Trade Fair and Events Pvt Ltd. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The organisers said this expo is Nepal's largest exhibition of wood and woodcraft machinery, furniture production technologies, tools and fittings, interior design, accessories, raw materials and products. It aims to inform visitors about the latest furniture products and new technologies used in furniture industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Media Space Solutions managing director Sirjal Bhattarai said furniture companies from Nepal, India, China, Taiwan, and Malaysia are taking part in the fair. The expo will conclude on Sunday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19628', 'image' => '20240105031932_wood.jpg', 'article_date' => '2024-01-05 15:18:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19902', 'article_category_id' => '1', 'title' => 'Bhimphedi-Kulekhani-Dakshinkali Road Closed for Maintenance Work ', 'sub_title' => '', 'summary' => 'January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from today to upgrade the road. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from Friday to upgrade the road. This is the shortest route from Hetauda to Kathmandu. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The road will be closed until April 12, 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Office, Makawanpur has urged commuters to use alternative route until April 12. Spokesperson for the District Police Office, Makawanpur Laxmi Bhandari said that the road leading to Kathmandu via Kulekhani-Chitlang and the Kanti Highway can be used as alternative route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to her, one can also take the Narayangadh-Muglin road to Kathmandu. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19627', 'image' => '20240105031829_img_2532.jpg', 'article_date' => '2024-01-05 15:17:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19899', 'article_category_id' => '1', 'title' => 'Vidushi Rana Appointed Consul General of the Republic of Iceland', 'sub_title' => '', 'summary' => 'January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. Dilip Kumar Paudel, chief of protocol of the Ministry of Foreign Affairs, handed over the certificate to Rana on Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a consul general, Rana will make an attepmt to facilitate tourism, cultural exchange, trade and investment between Nepal and the Republic of Iceland and increase understanding and cooperation for the mutual benefit of both nations. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Vidushi Rana is the executive director of Kiran Shoes (Goldstar Shoes). She expressed her commitment to take the relations between Nepal and the Republic of Iceland to a new height in the coming days.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19626', 'image' => '20240105024123_1704426379.bidusi rana.jpeg', 'article_date' => '2024-01-05 14:40:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19896', 'article_category_id' => '1', 'title' => 'Population Studies Highly Imperative for Analysis of Demographic Shift: Experts ', 'sub_title' => 'Population Graph Rises in Urban Areas, Falls in Villages: Study', 'summary' => 'January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a news conference organized by the Central Department of Population Studies (CDPS), the demographers and experts said that officials from all sectors should have a sort of knowhow on demography to formulate better development plans. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief of CDPS Prof Dr Yogendra Gurung said that the issue of population management requires urgent attention as the total fertility rate (TFR) has decreased to less than 1 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gurung said that the country has to make new strategies for social security to senior citizens which is around 7 per cent of the country's total population and also needs to think of children's future. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that study of demography is crucial for the formulation of economic, social and political policies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Associate Professor Dr Padma Prasad Khatiwada said that Nepal should learn lessons from China’s one-child policy of the past and its shift to a three-children policy at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking at the event, Associate Professor Bal Krishna Mabuhang argued that knowledge on demography would support every individual to figure out the needed human resources for the country's development and the priority sectors. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a grade-wise classifications study report of rural and urban areas in Nepal released by the National Statistics Office (NSO) on Tuesday revealed that the urban population was growing while that of the rural areas was on the decline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The NSO in this study analyzed the statistics related to the trends of settlements in urban, urban-oriented and rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the wards have been categorized as rural and urban areas on four basis, such as population, density of population, settlement areas and continuation of characteristics of urban area category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A comparative analysis of the last two census shows that the urban population has increased to 27.07 percent in 2021 from 22.31 percent in 2011. The urban-oriented population size has increased to 39.75 percent from 39.19 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The study has revealed that rural population has dropped to 33.19 percent from 38.5 percent in the last 10 years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Rural population is still one third in size. Due to the migration from rural to urban-oriented and urban areas, it has been difficult to manage population in urban areas while the rural areas are grappling with outflow of people," the study report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On geographical categorization, rural population covers 66 percent in hill areas and 16 percent in mountainous area. The urban-oriented population is 85 percent in Terai region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the urban and rural area categorization at local level, around 58 percent rural population live in 2,412 wards. Around 36.1 percent population live in 664 urban-oriented wards and five percent in 139 urban wards. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Census-2078, Nepal's population in urban areas is 66.17 percent and rural areas 33.83 percent. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19623', 'image' => '20240105112903_KTM eight by six - Copy.jpg', 'article_date' => '2024-01-05 11:28:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19895', 'article_category_id' => '1', 'title' => 'Hotel Entrepreneurs Urge Govt to Classify Hotel Industry as Priority Industry', 'sub_title' => '', 'summary' => 'January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The committee requested the minister to provide this sector with the services and facilities given to industries of high priority arguing that the hotel sector has made heavy investment and provided employment opportunities to a large number of people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A delegation led by the Vice President of FNCCI Hemraj Dhakal and the President of the Tourism and Aviation Committee of FNCCI Desh Bandhu Basnet said that the hotel sector, which makes a special contribution to the economy, is the pride of the nation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such a vital sector has been classified as only tourism business in the Industrial Enterprises Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, said the delegation urging the government to consider the hotel industry as an industry of national priority in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the delegation has also drew the government’s attention towards the downside of the Foreign Investment and Technology Transfer Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">which does not allow foreign brands to take away more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The federation argued that the current provision in the Act allows foreign brands to take royalties not exceeding </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales, making it difficult for international hotel resorts to operate in the country. The delegation has requested the government to facilitate this issue immediately.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Desh Bandhu Basnet, president of the Tourism and Aviation Committee of the FNCCI, had earlier prepared a report based on the suggestions from various associations and organizations related to the hotel business and submitted a memorandum to the Ministry of Industry, Commerce and Supplies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the request, the Ministry of Industry had taken a ministerial-level decision in early November to amend the law in order to solve the problem of royalty. In addition, the Ministry of Industry wrote a letter to the Ministry of Finance on December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">7, seeking for its opinion to include star hotels as priority industry in the Industrial Enterprises Act.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19622', 'image' => '20240105112746_1704426969.202311sdasd23021913_Hotel.jpg', 'article_date' => '2024-01-05 11:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19893', 'article_category_id' => '1', 'title' => 'Government Suspends Work Permits for Russia and Ukraine', 'sub_title' => '', 'summary' => 'January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government body took such measure as increasing number of Nepali nationals were found to have joined the Russian army illegally. The Ministry of Foreign Affairs has confirmed that ten Nepalis serving in the Russian army have been killed so far after Russia launched a war against Ukraine in February two years ago. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoFE director Kabiraj Uprety told the state news agency RSS that granting work permits individually and institutionally to the Nepali nationals for both the countries has been suspended. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Work permits have been suspended for Russia and Ukraine until further arrangements so as to minimize loss to the Nepali nationals going to the war-ravaged countries," RSS quoted Uprety as saying.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has urged Nepal citizens not to get recruited in the military service of the war-ravaged nations on the basis of false information or temptation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on August 1, the government issued a notice stating that the government has no policy of approving the recruitment of any Nepali citizens in foreign military forces expect in the national army of a few friendly nations in accordance with the long-standing agreement. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The foreign ministry has also urged all Nepalis to compulsorily receive no objection certificates (NOC) from the Nepali embassies and consulates in India, Bangladesh, Sri Lanka, the UAE, Saudi Arab, Kuwait, Qatar and Bahrain if they are traveling to Russia via those countries. Earlier, the NOC was issued only from Consular Service Department under the foreign ministry for those going to Russia for other reasons except for government assignment, study purpose in Russian scholarship and businesses. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has repeatedly urged Russia not to recruit Nepali citizens in its military rank and file and to send back any Nepali citizen who is currently serving in the army. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has also sought information from Russia about the number of Nepalis who have joined the Russian Army, in addition to the injured ones and their condition. </span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19621', 'image' => '20240105102729_work-permit.jpg', 'article_date' => '2024-01-05 10:26:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19894', 'article_category_id' => '1', 'title' => 'CIAA Sues Pilot Shah ', 'sub_title' => '', 'summary' => 'January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA filed a charge sheet against Shah at the Special Court, Kathmandu after it was found that he presented fake certificates of educational qualification for getting promoted to the eighth-level captain from junior pilot, CIAA Spokesperson Namahari Ghimire told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA had found his educational credentials to be phony after investigation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Ghimire further said that Shah had presented phony certificates showing that he had completed intermediate level in first division from VSJ Inter College of Gorakhpur, Uttar Pradesh, India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19620', 'image' => '20240105104516_CIAA eight by six.jpg', 'article_date' => '2024-01-05 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19892', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Four Agreements', 'sub_title' => '', 'summary' => 'The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 4: The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The agreements were signed in the presence of Foreign Minister Narayan Prakash Saud and Indian External Affairs Minister S Jaishankar.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Spokesperson at Foreign Ministry, Amrit Bahadur Rai, informed that Nepal and India signed an agreement on Indian grant assistance for implementation of high impact community development through government agencies or corporation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Other agreements signed by the two countries are- long term energy trade; cooperation between Nepal Electricity Authority and National Thermal Power Corporation on development of renewal energy; and between Nepal Academy of Science and Technology (NAST) and New Space India (NSI) on launch of Nepali satellite. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As per power trade agreement, Nepal would export 10,000-MW electricity to India in 10 years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a 132-KV interstate transmission lines- Raxaul-Parwanipur, Mainahiya- New Nautanawa, and Kushaha-Kataiya were inaugurated on Thursday itself.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The transmission lines were jointly inaugurated by Foreign Minister NP Saud and his Indian counterpart S Jaishankar. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Indian government has announced Rs 10 billion grant assistance to Nepal for its post-quake reconstruction. (RSS) </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19619', 'image' => '20240105065920_collage (2).jpg', 'article_date' => '2024-01-05 06:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '19891', 'article_category_id' => '1', 'title' => 'CAN Unveils Annual Sports Calendar for 2024', 'sub_title' => '', 'summary' => 'The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">January 4: The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to the schedule, Nepal is slated to take part in two ICC World Cup League II tournaments, T20 series, and various One Day Internationals (ODIs) in 2024.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"> Likewise, Nepal is set to compete in a three-match ODI series against Canada from February 10 to 14. Following this, a triangular T20 series featuring Nepal, Namibia, and the Netherlands is scheduled to be held in Nepal from February 27 to March 5.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Furthermore, Nepal 'A' will participate in five ODIs and three T20 matches against Ireland 'A' from March 19 to April 30. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The CAN has announced the hosting of the Nepal Premier League Cricket Tournament in November-December.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to CAN Secretary Paras Khadka, they will consider accommodating any country expressing its interest in playing against Nepal in the sports calendar. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19618', 'image' => '20240104043949_collage (13).jpg', 'article_date' => '2024-01-04 16:35:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '19890', 'article_category_id' => '1', 'title' => 'NEPSE Index Plummets by 8.71 Points to Close at 2049.28', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 4: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 303 scrips were traded through 108,403 transactions. The total turnover amounted to Rs 5.58 billion, involving the exchange of 16,052,101 shares.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) emerged as the frontrunner in terms of turnover, reaching Rs 33 crores. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, Kalika Power Company Limited (KPCL) and Singati Hydro Energy Limited (SHEL) each recorded a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In contrast, Siddhartha Premier Insurance Limited (SPIL) suffered the most significant loss, dropping by 6.56% and closing at a market price of Rs 769 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in negative territory, with the exception of the Hydropower Index, Investment Index, Mutual Fund, and Trading Index. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Trading Index showed the highest gain at 2.34%, while Mutual Fund posted a minimal gain of 0.76%. On the downside, Others Index incurred the maximum loss at 3.70%. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19617', 'image' => '20240104033542_collage (11).jpg', 'article_date' => '2024-01-04 15:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '19889', 'article_category_id' => '1', 'title' => 'Price of Potato Drops by 24 Percent in One Month, Cauliflower Rises by 101 Percent', 'sub_title' => '', 'summary' => 'January 4: The price of red potatoes has decreased by 24 percent in the last one month.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">January 4: The price of red potatoes has decreased by 24 percent in the last one month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Kalimati Fruit and Vegetable Market Development Committee, the price of local red potato decreased by 24 percent on January 4 compared to December 4 while the price of Indian red potato dropped by 20 percent in the review period.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the committee, the average price (wholesale price) of red potato a month ago was Rs 47 per kg, which has now dropped to Rs 36 per kg. Similarly, the price of red potato imported from India has dropped from Rs 39 per kg to Rs 31 per kg in a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The arrival of potatoes in the Kalimati market has decreased in a month. A month ago, 148,180 kg of potatoes arrived in the Kalimati market, which decreased by 8 percent to 135,690 kg on Thursday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, the price of large Nepali tomatoes has dropped 26 percent from Rs 75 to Rs 55 per kg in the review period while that of large Indian tomatoes has declined by 42 percent from 94 to Rs 55 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of small tomatoes produced in tunnels has dropped from Rs 25 to Rs 19 per kg while that of small local tomatoes has increased from Rs 12 to Rs 14 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of onions imported from India has dropped marginally from Rs 97 to Rs 95 per kg within a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local carrot remains unchanged at Rs 45 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local cabbage has dropped from Rs 45 to Rs 35 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In contrast, the price of cauliflower has increased by 101 percent from Rs 12 per kg to Rs 25 per kg within a span of one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of red radish has dropped 50 percent from Rs 25 to Rs 12.5 per kg but the price of white radish has increased marginally from Rs 11 to Rs 12 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of brinjal has also increased from Rs 22 to Rs 35 per kg while that of green peas has also increased from Rs 75 to Rs 96 per kg.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19616', 'image' => '20240104025759_20231117110131_20230223110227_potato-farming.jpg', 'article_date' => '2024-01-04 14:57:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19888', 'article_category_id' => '1', 'title' => 'Students’ Attraction Towards Hotel Management Increasing', 'sub_title' => '', 'summary' => 'January 4: The interest of students towards hotel management is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The interest of students towards hotel management is increasing of late. The attraction of students towards hotel management has started to increase because it is easy to study and pass the course and there are many job opportunities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Gaurav Gurung, who is studying Hotel Management (HM) at Oxford College of Engineering and Management in Nawalparasi (Bardghat-Susta East), said that he opted for this subject because he could get a job immediately after his studies. Gurung, who lives in Nepalgunj in Banke, says that he traveled all the way to Nawalparasi to study hotel management. Gurung says that there is a high demand for employment in the country and abroad after completing his hotel management course. He says that he studied this subject to become self-employed.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ronisha Bhujel, who came here to study HM from the eastern district of Khotang, Nepal, said that she learnt many things in hotel management, from simple work in the kitchen to speaking style and cleanliness. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"It is fun to apply the theory in practice," she said, adding that studying the course has also brought changes in her daily life.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Saroj Tamang, a hotel management trainer, said that most of the hotels and restaurants in the country have workers who have learned from experience rather than reading. According to him, the attraction of students to this course has increased because modern and big hotels are looking for educated and skilled human resources with theoretical as well as practical knowledge to cater to the needs of international guests.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The demand for educated manpower is increasing in Nepal with the development of new tourist areas and the establishment of large hotels and restaurants," he said, adding, "There is a great demand for those who study hotel management in small to large hotels and restaurants."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tamang said that apart from employment at home, many people are attracted to study hotel management in order to go abroad. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“There is a high demand for people who have studied hotel management, especially in the western countries," he said, adding that the number of students who want to study hotel management has increased because they can earn a good income after completing the course.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hari Thapalia, head of the Faculty of Management at Oxford College, said that the number of students coming to study hotel management is increasing every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Last year, we had only three sections for hotel management," he said, "This year, we have been teaching students in four sections for hotel management class</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He argues that students who study hotel management will also have the opportunity to become self-employed and employ others as they will develop the ability to open hotels and restaurants by themselves.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Thapalia says it is natural to desire to study hotel management in the context of modernization and imitation of western culture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Premhari Subedi, principal of Eden Garden School, another educational institution where hotel management course is offered, says that the number of educational institutions teaching this subject has increased due to the keen interest shown by students towards hotel management. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19615', 'image' => '20240104025701_1704283392.jpg', 'article_date' => '2024-01-04 14:56:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19887', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Long-Term Agreement on Electricity Trade', 'sub_title' => '', 'summary' => 'January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. Secretaries of both the countries signed the pact in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The signing of the agreement has materialized the bilateral understanding to export 10,000 megawatts of electricity from Nepal to India in the next ten years.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Energy, Water Resources and Irrigation, Gopal Sigdel and India's Energy Secretary Pankaj Agrawal signed on the agreement on behalf of their respective governments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bilateral understanding on electricity export was reached during Prime Minister Pushpa Kamal Dahal's visit to India from 31 May to 3 June 2023. During the visit, Indian Prime Minister Narendra Modi expressed India's commitment to long-term electricity purchase from Nepal, and both nations reached a consensus on this matter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Federal Council of Ministers of India has already endorsed the Memorandum of Understanding (MoU) in this regard. Accordingly, the agreement was signed during the two-day visit of India's External Affairs Minister Dr Subrahmanyam Jaishankar, starting from today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This agreement has opened the door for government and private entities in India to engage in power trade with Nepal through short-term, medium-term, and long-term contracts. The private sector of Nepal can also participate in the import and export of electricity after completing the necessary procedures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a joint press conference organised in course of Prime Minister Dahal's visit to India, prime ministers of both the countries had announced that the issue of power export was historic and significant. The government has already prepared energy development strategy with an objective of producing 28,000 MW electricity within the next 12 years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 28,000 MW electricity, the government has set a target to export 15,000 MW electricity to different countries including India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector welcomed the agreement, stating that his has paved the way for the development of Nepal's energy sector. The government has made a commitment to bring quality change in development of energy sector by taking the private sector in confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a delegation led by Indian Energy Secretary Agrawal paid a courtesy call on Energy Minister Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Energy Minister Basnet said that the agreement regarding the export of 10,000 MW electricity in the next 10 years would take the relations between the two countries to a new height. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The energy minister urged to accelerate other projects and complete them on slated time, expecting Indian investment in large projects. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19614', 'image' => '20240104022128_RSS_IMG_1268.jpg', 'article_date' => '2024-01-04 14:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19886', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Falls within the Interest Rate Corridor after Four Months', 'sub_title' => '', 'summary' => 'January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. The interest rate rose above the lower limit of the corridor after Nepal Rastra Bank mopped more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion of excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Nepal Rastra Bank, the daily average interbank interest rate remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.0358</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. On Monday, the interbank interest rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the 'Interest Rate Corridor Procedure-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' there to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The central bank has fixed the deposit collection rate at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent through the first quarterly review of the monetary policy of the current fiscal year (FY). Earlier this rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In the current fiscal year, the interbank interest rate fell below the limit of the interest rate corridor from the mid-September. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank, which did not use any tool to increase interest rates until </span></span><span style="font-size:13.5pt"><span style="font-family:"Courier New"">November 21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, issued deposit collection tools </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> times and raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">264</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion of liquidity from the market as of Wednesday. Out of that amount, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">117</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">65</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion is still with the central bank while the rest have matured and returned to the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion matured on Wednesday, the central Bank has called for applications to collect deposits worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market on Thursday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the current fiscal year, there has been excess liquidity in the financial system due to the inability of banks to provide loans compared to the increase in deposit collection in the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The average credit-deposit ratio (CD ratio) of banks remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80.06 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent on Monday. According to the provision that banks can give loans by maintaining this ratio up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, they have the capacity to expand loans by an additional Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of Monday, banks had collected deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6065 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion and provided loans of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5024 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. In the current fiscal year, bank deposits have increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">294 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion, while lending has increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">146 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion only. After mid-December, banks reduced the interest rate and focused on providing loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19613', 'image' => '20240104014906_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2024-01-04 13:48:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19900', 'article_category_id' => '1', 'title' => '‘Electricity Export Agreement with India a Milestone in Power Trade’', 'sub_title' => '', 'summary' => 'January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Prime Minister Pushpa Kamal Dahal has claimed that the long-term agreement between Nepal and India on electricity export was a milestone from the perspective of power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Inaugurating the administrative building of Sunapati Rural Municipality of Ramechhap on Thursday, PM Dahal expressed the hope that the long-term pact on power trade signed during the visit of Indian External Affairs Minister S Jaishankar to Nepal would help the country to make significant shift in power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharing that the memorandum of understanding (MoU) was signed for exporting 10,000 MW electricity to India in 10 years during his visit to India last year, PM Dahal further said the signing of the long-term agreement has opened up avenues for power trade. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"This is an achievement in itself. It has opened the doors for power trade with India and Bangladesh," he said, adding, "Electricity will also be exported to Bangladesh by using the Indian grid." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On a different note, PM Dahal said the ruling coalition has realized the need of national consensus to ensure effective operation of the parliament and conclude the transitional justice related works. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19629', 'image' => '20240105024225_electricity.jpg', 'article_date' => '2024-01-05 14:41:45', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19903', 'article_category_id' => '1', 'title' => 'Ninth Nepal Wood International Expo begins in Bhrikutimandap ', 'sub_title' => '', 'summary' => 'January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Ninth Nepal Wood International Expo, 2024 commenced in Bhrikutimandap on Friday. The three-day event is being jointly organised by Media Space Solutions Pvt Ltd and India's Futurex Trade Fair and Events Pvt Ltd. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The organisers said this expo is Nepal's largest exhibition of wood and woodcraft machinery, furniture production technologies, tools and fittings, interior design, accessories, raw materials and products. It aims to inform visitors about the latest furniture products and new technologies used in furniture industry. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Media Space Solutions managing director Sirjal Bhattarai said furniture companies from Nepal, India, China, Taiwan, and Malaysia are taking part in the fair. The expo will conclude on Sunday. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19628', 'image' => '20240105031932_wood.jpg', 'article_date' => '2024-01-05 15:18:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19902', 'article_category_id' => '1', 'title' => 'Bhimphedi-Kulekhani-Dakshinkali Road Closed for Maintenance Work ', 'sub_title' => '', 'summary' => 'January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from today to upgrade the road. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Bhimphedi-Dakshinkali road linking Hetauda, the capital of Bagmati province, to the federal capital Kathmandu, has been closed for vehicular movement from Friday to upgrade the road. This is the shortest route from Hetauda to Kathmandu. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The road will be closed until April 12, 2024. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The District Police Office, Makawanpur has urged commuters to use alternative route until April 12. Spokesperson for the District Police Office, Makawanpur Laxmi Bhandari said that the road leading to Kathmandu via Kulekhani-Chitlang and the Kanti Highway can be used as alternative route. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to her, one can also take the Narayangadh-Muglin road to Kathmandu. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19627', 'image' => '20240105031829_img_2532.jpg', 'article_date' => '2024-01-05 15:17:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19899', 'article_category_id' => '1', 'title' => 'Vidushi Rana Appointed Consul General of the Republic of Iceland', 'sub_title' => '', 'summary' => 'January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Government of the Republic of Iceland has appointed Vidushi Rana as the Consul General of the Republic of Iceland for Nepal. Dilip Kumar Paudel, chief of protocol of the Ministry of Foreign Affairs, handed over the certificate to Rana on Thursday.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As a consul general, Rana will make an attepmt to facilitate tourism, cultural exchange, trade and investment between Nepal and the Republic of Iceland and increase understanding and cooperation for the mutual benefit of both nations. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Vidushi Rana is the executive director of Kiran Shoes (Goldstar Shoes). She expressed her commitment to take the relations between Nepal and the Republic of Iceland to a new height in the coming days.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19626', 'image' => '20240105024123_1704426379.bidusi rana.jpeg', 'article_date' => '2024-01-05 14:40:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19896', 'article_category_id' => '1', 'title' => 'Population Studies Highly Imperative for Analysis of Demographic Shift: Experts ', 'sub_title' => 'Population Graph Rises in Urban Areas, Falls in Villages: Study', 'summary' => 'January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: Demographers and experts have said that scientific and systematic study on findings of census is needed to address the issues related to uneven distribution of population and emigration in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">During a news conference organized by the Central Department of Population Studies (CDPS), the demographers and experts said that officials from all sectors should have a sort of knowhow on demography to formulate better development plans. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Chief of CDPS Prof Dr Yogendra Gurung said that the issue of population management requires urgent attention as the total fertility rate (TFR) has decreased to less than 1 per cent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Gurung said that the country has to make new strategies for social security to senior citizens which is around 7 per cent of the country's total population and also needs to think of children's future. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He argued that study of demography is crucial for the formulation of economic, social and political policies. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, Associate Professor Dr Padma Prasad Khatiwada said that Nepal should learn lessons from China’s one-child policy of the past and its shift to a three-children policy at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Also speaking at the event, Associate Professor Bal Krishna Mabuhang argued that knowledge on demography would support every individual to figure out the needed human resources for the country's development and the priority sectors. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, a grade-wise classifications study report of rural and urban areas in Nepal released by the National Statistics Office (NSO) on Tuesday revealed that the urban population was growing while that of the rural areas was on the decline.</span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The NSO in this study analyzed the statistics related to the trends of settlements in urban, urban-oriented and rural areas. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the report, the wards have been categorized as rural and urban areas on four basis, such as population, density of population, settlement areas and continuation of characteristics of urban area category. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A comparative analysis of the last two census shows that the urban population has increased to 27.07 percent in 2021 from 22.31 percent in 2011. The urban-oriented population size has increased to 39.75 percent from 39.19 percent. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The study has revealed that rural population has dropped to 33.19 percent from 38.5 percent in the last 10 years. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Rural population is still one third in size. Due to the migration from rural to urban-oriented and urban areas, it has been difficult to manage population in urban areas while the rural areas are grappling with outflow of people," the study report stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On geographical categorization, rural population covers 66 percent in hill areas and 16 percent in mountainous area. The urban-oriented population is 85 percent in Terai region. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">As per the urban and rural area categorization at local level, around 58 percent rural population live in 2,412 wards. Around 36.1 percent population live in 664 urban-oriented wards and five percent in 139 urban wards. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the National Census-2078, Nepal's population in urban areas is 66.17 percent and rural areas 33.83 percent. -- RSS</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19623', 'image' => '20240105112903_KTM eight by six - Copy.jpg', 'article_date' => '2024-01-05 11:28:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19895', 'article_category_id' => '1', 'title' => 'Hotel Entrepreneurs Urge Govt to Classify Hotel Industry as Priority Industry', 'sub_title' => '', 'summary' => 'January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 5: The Tourism and Aviation Committee of the Federation of Nepalese Chambers of Commerce and Industries (FNCCI) has requested the Minister for Law, Justice and Parliamentary Affairs Dhanaraj Gurung to classify the hotel industry as an industry of national priority. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The committee requested the minister to provide this sector with the services and facilities given to industries of high priority arguing that the hotel sector has made heavy investment and provided employment opportunities to a large number of people.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A delegation led by the Vice President of FNCCI Hemraj Dhakal and the President of the Tourism and Aviation Committee of FNCCI Desh Bandhu Basnet said that the hotel sector, which makes a special contribution to the economy, is the pride of the nation. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Such a vital sector has been classified as only tourism business in the Industrial Enterprises Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, said the delegation urging the government to consider the hotel industry as an industry of national priority in the coming days.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Likewise, the delegation has also drew the government’s attention towards the downside of the Foreign Investment and Technology Transfer Act </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2075</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">which does not allow foreign brands to take away more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The federation argued that the current provision in the Act allows foreign brands to take royalties not exceeding </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent of the total sales, making it difficult for international hotel resorts to operate in the country. The delegation has requested the government to facilitate this issue immediately.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Desh Bandhu Basnet, president of the Tourism and Aviation Committee of the FNCCI, had earlier prepared a report based on the suggestions from various associations and organizations related to the hotel business and submitted a memorandum to the Ministry of Industry, Commerce and Supplies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the request, the Ministry of Industry had taken a ministerial-level decision in early November to amend the law in order to solve the problem of royalty. In addition, the Ministry of Industry wrote a letter to the Ministry of Finance on December </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">7, seeking for its opinion to include star hotels as priority industry in the Industrial Enterprises Act.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19622', 'image' => '20240105112746_1704426969.202311sdasd23021913_Hotel.jpg', 'article_date' => '2024-01-05 11:27:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19893', 'article_category_id' => '1', 'title' => 'Government Suspends Work Permits for Russia and Ukraine', 'sub_title' => '', 'summary' => 'January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Department of Foreign Employment (DoFE) has decided not to issue work permits to Nepali nationals aspiring to work in war-torn Russia and Ukraine. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The government body took such measure as increasing number of Nepali nationals were found to have joined the Russian army illegally. The Ministry of Foreign Affairs has confirmed that ten Nepalis serving in the Russian army have been killed so far after Russia launched a war against Ukraine in February two years ago. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">DoFE director Kabiraj Uprety told the state news agency RSS that granting work permits individually and institutionally to the Nepali nationals for both the countries has been suspended. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Work permits have been suspended for Russia and Ukraine until further arrangements so as to minimize loss to the Nepali nationals going to the war-ravaged countries," RSS quoted Uprety as saying.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has urged Nepal citizens not to get recruited in the military service of the war-ravaged nations on the basis of false information or temptation.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Earlier on August 1, the government issued a notice stating that the government has no policy of approving the recruitment of any Nepali citizens in foreign military forces expect in the national army of a few friendly nations in accordance with the long-standing agreement. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The foreign ministry has also urged all Nepalis to compulsorily receive no objection certificates (NOC) from the Nepali embassies and consulates in India, Bangladesh, Sri Lanka, the UAE, Saudi Arab, Kuwait, Qatar and Bahrain if they are traveling to Russia via those countries. Earlier, the NOC was issued only from Consular Service Department under the foreign ministry for those going to Russia for other reasons except for government assignment, study purpose in Russian scholarship and businesses. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The Ministry of Foreign Affairs has repeatedly urged Russia not to recruit Nepali citizens in its military rank and file and to send back any Nepali citizen who is currently serving in the army. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The ministry has also sought information from Russia about the number of Nepalis who have joined the Russian Army, in addition to the injured ones and their condition. </span></span></span></p> <p> </p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""> </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19621', 'image' => '20240105102729_work-permit.jpg', 'article_date' => '2024-01-05 10:26:47', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19894', 'article_category_id' => '1', 'title' => 'CIAA Sues Pilot Shah ', 'sub_title' => '', 'summary' => 'January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 5: The Commission for the Investigation of Abuse of Authority (CIAA) has sued Nepal Airlines' pilot Samrat Bahadur Shah for producing fake educational credentials he for his promotion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA filed a charge sheet against Shah at the Special Court, Kathmandu after it was found that he presented fake certificates of educational qualification for getting promoted to the eighth-level captain from junior pilot, CIAA Spokesperson Namahari Ghimire told RSS. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">CIAA had found his educational credentials to be phony after investigation. </span></span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Spokesperson Ghimire further said that Shah had presented phony certificates showing that he had completed intermediate level in first division from VSJ Inter College of Gorakhpur, Uttar Pradesh, India. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19620', 'image' => '20240105104516_CIAA eight by six.jpg', 'article_date' => '2024-01-05 10:44:03', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19892', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Four Agreements', 'sub_title' => '', 'summary' => 'The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">January 4: The seventh meeting of the Nepal-India joint commission concluded by signing four agreements on Thursday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The meeting reviewed entire gamut of bilateral relations and cooperation. The two countries signed agreements relating to bilateral network expansion, trade, water resources, and power trade. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The agreements were signed in the presence of Foreign Minister Narayan Prakash Saud and Indian External Affairs Minister S Jaishankar.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Spokesperson at Foreign Ministry, Amrit Bahadur Rai, informed that Nepal and India signed an agreement on Indian grant assistance for implementation of high impact community development through government agencies or corporation.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Other agreements signed by the two countries are- long term energy trade; cooperation between Nepal Electricity Authority and National Thermal Power Corporation on development of renewal energy; and between Nepal Academy of Science and Technology (NAST) and New Space India (NSI) on launch of Nepali satellite. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">As per power trade agreement, Nepal would export 10,000-MW electricity to India in 10 years. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">Meanwhile, a 132-KV interstate transmission lines- Raxaul-Parwanipur, Mainahiya- New Nautanawa, and Kushaha-Kataiya were inaugurated on Thursday itself.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The transmission lines were jointly inaugurated by Foreign Minister NP Saud and his Indian counterpart S Jaishankar. </span></span><span style="font-size:20px"><span style="font-family:Calibri,"sans-serif"">The Indian government has announced Rs 10 billion grant assistance to Nepal for its post-quake reconstruction. (RSS) </span></span></p> ', 'published' => true, 'created' => '2024-01-05', 'modified' => '2024-01-05', 'keywords' => '', 'description' => '', 'sortorder' => '19619', 'image' => '20240105065920_collage (2).jpg', 'article_date' => '2024-01-05 06:57:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 9 => array( 'Article' => array( 'id' => '19891', 'article_category_id' => '1', 'title' => 'CAN Unveils Annual Sports Calendar for 2024', 'sub_title' => '', 'summary' => 'The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">January 4: The Cricket Association of Nepal (CAN) has officially unveiled its annual sports calendar for 2024. Organising a press conference, CAN made public the calendar outlining a series of national and international tournaments that Nepal will be participating in throughout the year.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to the schedule, Nepal is slated to take part in two ICC World Cup League II tournaments, T20 series, and various One Day Internationals (ODIs) in 2024.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt"> Likewise, Nepal is set to compete in a three-match ODI series against Canada from February 10 to 14. Following this, a triangular T20 series featuring Nepal, Namibia, and the Netherlands is scheduled to be held in Nepal from February 27 to March 5.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">Furthermore, Nepal 'A' will participate in five ODIs and three T20 matches against Ireland 'A' from March 19 to April 30. </span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">The CAN has announced the hosting of the Nepal Premier League Cricket Tournament in November-December.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:14.0pt">According to CAN Secretary Paras Khadka, they will consider accommodating any country expressing its interest in playing against Nepal in the sports calendar. (RSS) </span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19618', 'image' => '20240104043949_collage (13).jpg', 'article_date' => '2024-01-04 16:35:43', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 10 => array( 'Article' => array( 'id' => '19890', 'article_category_id' => '1', 'title' => 'NEPSE Index Plummets by 8.71 Points to Close at 2049.28', 'sub_title' => '', 'summary' => ' The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">January 4: The Nepal Stock Exchange (NEPSE) Index experienced a decline of 8.71 points or 0.42%, concluding the week's last trading session at 2049.28 on Thursday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today's trading session, a total of 303 scrips were traded through 108,403 transactions. The total turnover amounted to Rs 5.58 billion, involving the exchange of 16,052,101 shares.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sonapur Minerals and Oil Limited (SONA) emerged as the frontrunner in terms of turnover, reaching Rs 33 crores. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Remarkably, Kalika Power Company Limited (KPCL) and Singati Hydro Energy Limited (SHEL) each recorded a 10% gain, hitting the positive circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> In contrast, Siddhartha Premier Insurance Limited (SPIL) suffered the most significant loss, dropping by 6.56% and closing at a market price of Rs 769 per share.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in negative territory, with the exception of the Hydropower Index, Investment Index, Mutual Fund, and Trading Index. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Trading Index showed the highest gain at 2.34%, while Mutual Fund posted a minimal gain of 0.76%. On the downside, Others Index incurred the maximum loss at 3.70%. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19617', 'image' => '20240104033542_collage (11).jpg', 'article_date' => '2024-01-04 15:34:12', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 11 => array( 'Article' => array( 'id' => '19889', 'article_category_id' => '1', 'title' => 'Price of Potato Drops by 24 Percent in One Month, Cauliflower Rises by 101 Percent', 'sub_title' => '', 'summary' => 'January 4: The price of red potatoes has decreased by 24 percent in the last one month.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">January 4: The price of red potatoes has decreased by 24 percent in the last one month. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the Kalimati Fruit and Vegetable Market Development Committee, the price of local red potato decreased by 24 percent on January 4 compared to December 4 while the price of Indian red potato dropped by 20 percent in the review period.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">According to the committee, the average price (wholesale price) of red potato a month ago was Rs 47 per kg, which has now dropped to Rs 36 per kg. Similarly, the price of red potato imported from India has dropped from Rs 39 per kg to Rs 31 per kg in a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The arrival of potatoes in the Kalimati market has decreased in a month. A month ago, 148,180 kg of potatoes arrived in the Kalimati market, which decreased by 8 percent to 135,690 kg on Thursday.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Meanwhile, the price of large Nepali tomatoes has dropped 26 percent from Rs 75 to Rs 55 per kg in the review period while that of large Indian tomatoes has declined by 42 percent from 94 to Rs 55 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of small tomatoes produced in tunnels has dropped from Rs 25 to Rs 19 per kg while that of small local tomatoes has increased from Rs 12 to Rs 14 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">Similarly, the price of onions imported from India has dropped marginally from Rs 97 to Rs 95 per kg within a month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local carrot remains unchanged at Rs 45 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of local cabbage has dropped from Rs 45 to Rs 35 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">In contrast, the price of cauliflower has increased by 101 percent from Rs 12 per kg to Rs 25 per kg within a span of one month.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of red radish has dropped 50 percent from Rs 25 to Rs 12.5 per kg but the price of white radish has increased marginally from Rs 11 to Rs 12 per kg.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt">The price of brinjal has also increased from Rs 22 to Rs 35 per kg while that of green peas has also increased from Rs 75 to Rs 96 per kg.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19616', 'image' => '20240104025759_20231117110131_20230223110227_potato-farming.jpg', 'article_date' => '2024-01-04 14:57:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19888', 'article_category_id' => '1', 'title' => 'Students’ Attraction Towards Hotel Management Increasing', 'sub_title' => '', 'summary' => 'January 4: The interest of students towards hotel management is increasing of late. ', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The interest of students towards hotel management is increasing of late. The attraction of students towards hotel management has started to increase because it is easy to study and pass the course and there are many job opportunities.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Gaurav Gurung, who is studying Hotel Management (HM) at Oxford College of Engineering and Management in Nawalparasi (Bardghat-Susta East), said that he opted for this subject because he could get a job immediately after his studies. Gurung, who lives in Nepalgunj in Banke, says that he traveled all the way to Nawalparasi to study hotel management. Gurung says that there is a high demand for employment in the country and abroad after completing his hotel management course. He says that he studied this subject to become self-employed.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Ronisha Bhujel, who came here to study HM from the eastern district of Khotang, Nepal, said that she learnt many things in hotel management, from simple work in the kitchen to speaking style and cleanliness. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"It is fun to apply the theory in practice," she said, adding that studying the course has also brought changes in her daily life.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Saroj Tamang, a hotel management trainer, said that most of the hotels and restaurants in the country have workers who have learned from experience rather than reading. According to him, the attraction of students to this course has increased because modern and big hotels are looking for educated and skilled human resources with theoretical as well as practical knowledge to cater to the needs of international guests.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The demand for educated manpower is increasing in Nepal with the development of new tourist areas and the establishment of large hotels and restaurants," he said, adding, "There is a great demand for those who study hotel management in small to large hotels and restaurants."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Tamang said that apart from employment at home, many people are attracted to study hotel management in order to go abroad. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">“There is a high demand for people who have studied hotel management, especially in the western countries," he said, adding that the number of students who want to study hotel management has increased because they can earn a good income after completing the course.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hari Thapalia, head of the Faculty of Management at Oxford College, said that the number of students coming to study hotel management is increasing every year. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">"Last year, we had only three sections for hotel management," he said, "This year, we have been teaching students in four sections for hotel management class</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">."</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">He argues that students who study hotel management will also have the opportunity to become self-employed and employ others as they will develop the ability to open hotels and restaurants by themselves.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Thapalia says it is natural to desire to study hotel management in the context of modernization and imitation of western culture.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Premhari Subedi, principal of Eden Garden School, another educational institution where hotel management course is offered, says that the number of educational institutions teaching this subject has increased due to the keen interest shown by students towards hotel management. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19615', 'image' => '20240104025701_1704283392.jpg', 'article_date' => '2024-01-04 14:56:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19887', 'article_category_id' => '1', 'title' => 'Nepal, India Sign Long-Term Agreement on Electricity Trade', 'sub_title' => '', 'summary' => 'January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">January 4: Nepal and India on Thursday inked a long-term agreement on electricity trade. Secretaries of both the countries signed the pact in the presence of Minister for Energy, Water Resources and Irrigation, Shakti Bahadur Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The signing of the agreement has materialized the bilateral understanding to export 10,000 megawatts of electricity from Nepal to India in the next ten years.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Secretary at the Ministry of Energy, Water Resources and Irrigation, Gopal Sigdel and India's Energy Secretary Pankaj Agrawal signed on the agreement on behalf of their respective governments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The bilateral understanding on electricity export was reached during Prime Minister Pushpa Kamal Dahal's visit to India from 31 May to 3 June 2023. During the visit, Indian Prime Minister Narendra Modi expressed India's commitment to long-term electricity purchase from Nepal, and both nations reached a consensus on this matter. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Federal Council of Ministers of India has already endorsed the Memorandum of Understanding (MoU) in this regard. Accordingly, the agreement was signed during the two-day visit of India's External Affairs Minister Dr Subrahmanyam Jaishankar, starting from today. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">This agreement has opened the door for government and private entities in India to engage in power trade with Nepal through short-term, medium-term, and long-term contracts. The private sector of Nepal can also participate in the import and export of electricity after completing the necessary procedures. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In a joint press conference organised in course of Prime Minister Dahal's visit to India, prime ministers of both the countries had announced that the issue of power export was historic and significant. The government has already prepared energy development strategy with an objective of producing 28,000 MW electricity within the next 12 years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Out of 28,000 MW electricity, the government has set a target to export 15,000 MW electricity to different countries including India. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The private sector welcomed the agreement, stating that his has paved the way for the development of Nepal's energy sector. The government has made a commitment to bring quality change in development of energy sector by taking the private sector in confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Earlier, a delegation led by Indian Energy Secretary Agrawal paid a courtesy call on Energy Minister Basnet. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Energy Minister Basnet said that the agreement regarding the export of 10,000 MW electricity in the next 10 years would take the relations between the two countries to a new height. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The energy minister urged to accelerate other projects and complete them on slated time, expecting Indian investment in large projects. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19614', 'image' => '20240104022128_RSS_IMG_1268.jpg', 'article_date' => '2024-01-04 14:20:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19886', 'article_category_id' => '1', 'title' => 'Interbank Interest Rate Falls within the Interest Rate Corridor after Four Months', 'sub_title' => '', 'summary' => 'January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">January 4: The average interbank interest rate has remained within the limits of the interest rate corridor after four months. The interest rate rose above the lower limit of the corridor after Nepal Rastra Bank mopped more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">250</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion of excess liquidity through deposit collection tools.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Nepal Rastra Bank, the daily average interbank interest rate remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.0358</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. On Monday, the interbank interest rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2.8075</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">There is a provision in the 'Interest Rate Corridor Procedure-</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2076</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">' there to set the upper limit of the bank rate and the lower limit of the deposit collection rate and keep the interbank interest rate in between. The central bank has fixed the deposit collection rate at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent through the first quarterly review of the monetary policy of the current fiscal year (FY). Earlier this rate was </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. In the current fiscal year, the interbank interest rate fell below the limit of the interest rate corridor from the mid-September. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The central bank, which did not use any tool to increase interest rates until </span></span><span style="font-size:13.5pt"><span style="font-family:"Courier New"">November 21</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, issued deposit collection tools </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">17</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> times and raised Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">264</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion of liquidity from the market as of Wednesday. Out of that amount, Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">117</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">65</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion is still with the central bank while the rest have matured and returned to the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">25</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion matured on Wednesday, the central Bank has called for applications to collect deposits worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market on Thursday. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the current fiscal year, there has been excess liquidity in the financial system due to the inability of banks to provide loans compared to the increase in deposit collection in the banking system.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The average credit-deposit ratio (CD ratio) of banks remained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80.06 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent on Monday. According to the provision that banks can give loans by maintaining this ratio up to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">90 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">percent, they have the capacity to expand loans by an additional Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">600 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As of Monday, banks had collected deposits of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6065 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion and provided loans of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5024 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion. In the current fiscal year, bank deposits have increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">294 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion, while lending has increased by Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">146 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion only. After mid-December, banks reduced the interest rate and focused on providing loans.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2024-01-04', 'modified' => '2024-01-04', 'keywords' => '', 'description' => '', 'sortorder' => '19613', 'image' => '20240104014906_Nepal_Rastra_Bank2 2.jpg', 'article_date' => '2024-01-04 13:48:10', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
