April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the…
Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest…
April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN.…
April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement.…
April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors.…
April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the…
April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at…
Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet…
April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets. The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI…
April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year.…
April 8 : Mega Bank has finalised remittance agreement with Yes Bank of India in a bid to provide easy remittance services to Nepali working in India. Rabina Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective…
April 8 : Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan. With the opening of these branches, Ekta now serve its’ customers through 14 branches in various part of the…
April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the…
April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April…
April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the…
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According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).', 'content' => '<p>April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).</p> <p>The survey shows that tenth decile (the richest) spend Rs 215,553 while first decile (the poorest) spend Rs 19,068 in annual consumption. In the FY 2070/71, the annual nominal average consumption expenditure of Nepalis was Rs 62,432. As per the survey, a big gap is seen between consumption of first quintile (the poorest) and fifth quintile (the richest). Similarly, the gap is even wider between consumption of first decile (the poorest) and tenth decile (the richest).</p> <p>In the FY 2070/71, consumption expenditure of the poorest in first quintile was Rs 22,309 while it was Rs 150,710 for the richest of fifth quintile. Similarly, consumption spending of the richest of the tenth decile was seen at Rs 206,454 while, it was Rs 18,923 for the poorest of first decile.</p> <p>According to the survey, no significant gap between the poorest of urban areas and rural areas is seen. Nevertheless, there is big gap between urban riches and rural riches. The richest of urban and rural areas spend Rs 173,674 and 124,738 respectively, as per the statistics. “Similarly, urban poorest spend Rs 23,873 while rural poorest spend Rs 22,470 in annual consumption,” says Hem Raj Regmi, Deputy Director General of the Bureau.</p> <p><strong>More spending on food items</strong></p> <p>As per the survey, annual consumption of Nepalis stands at Rs 1.622 trillion. The survey also shows that the highest expenditure is done in food items in total consumption.</p> <p>In total consumption expenditure, the spending of rural areas and urban areas are at Rs 877 billion and Rs 764.24 billion respectively. The total spending of the first decile of the poorest is at Rs 47.75 billion while it is Rs 538 billion for the tenth decile of the richest.</p> <p>Every Nepali spends a nominal of Rs 33,090 in consumption of items such as food stuffs, meats, egg and milks, ghee, oil, fruits, vegetables and various types of beverages along with tobacco and alcoholic products. Apart from food items, expenditure on other consumable goods is high in urban areas and relatively low in rural areas. “Consumption is less costly in rural areas compared to urban areas as consumers in villages have their own productions besides minimal house rent,” says Regmi. Among such expenditure, per capita spending in urban area is Rs 38,437 and Rs 30,727 in rural area.</p> <p>In FY 2070/71, per capita spending of Nepalis was recorded at Rs 31,008 in food items. According to the CBS report, a difference of Rs 10,000 exists in the consumption of food stuffs in urban and rural areas. In the urban area, per capita expenditure in food items totals Rs 39,473 while, it is Rs 29,260 in the rural area.</p> <p>Similarly, In FY 2071/72, per capita spending in healthcare, education, jewelry, social security, insurance, banking services along with administrative costs totaled Rs 24,430. As per the survey, such expenses in urban areas and rural areas are at Rs 38,347 and Rs 18,323 respectively.</p> <p> </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3133', 'image' => '20160410052709_table 2.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3294', 'article_category_id' => '1', 'title' => 'Free Viber Stickers worth Rs 10,000 for New Year', 'sub_title' => '', 'summary' => 'Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services. ', 'content' => '<p><strong>Free Viber Stickers worth Rs 10,000 for New Year</strong></p> <p>April 10: Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services.</p> <p style="text-align:justify">"We would like to wish the people of Nepal a very happy new year from the entire team at Viber. Joining this celebration, Viber has made the stickers available free of cost to add to the spirit and festivity of the occasion. Over the last one year, Viber has shown consistent growth in its user base in Nepal,” says Anubhav Nayyar, Regional Head - Viber South Asia.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3132', 'image' => '20160410052312_viber.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3293', 'article_category_id' => '1', 'title' => 'Suzuki Baleno Launched in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. ', 'content' => '<p>April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. </p> <p>The car comes with a 1.2 liter VVT Petrol engine with a mileage of 21.4 km/liter while delivering peak power of 84.3 Ps. “Dynamic, energetic and premium, Baleno is packed with features, many of them being offered for the first time in the premium hatchback segment,” claims the company. </p> <p>As per the company, Baleno has won praise from experts for its superior ride and handling, safety, fuel efficiency and low vehicle noise and harshness. “It is built on a brand new Suzuki TECT platform which is lighter by 100 kilogrammes, stronger by 10 percent and more rigid compared to existing platforms in the industry,” informs the company, adding, “At the introductory price announced by Suzuki today, Baleno offers substantially more value to customers and is set to redefine the premium hatchback segment in the country.”</p> <p>Baleno will be available for booking in all Suzuki outlets across Nepal with an introductory price starting from Rs 2.69 million. The distributor is also providing a special interest rate for finance of Suzuki Baleno to the customers. </p> <p>During the launch of the new Suzuki hatchback, Karan Chaudhary, Executive Director of CG Moto Corp said, “We are happy to announce the launch of Baleno in Nepal after its grand success in India. Baleno is a real global model. It comes with sophisticated design and advanced technology. It offers the best-in-class fuel efficiency in petrol. We're sure it will do really well in the market.”</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3131', 'image' => '20160410021729_Clipboard01.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3292', 'article_category_id' => '1', 'title' => 'New Bajaj Avenger Motorbikes in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. ', 'content' => '<p>April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. As per the company, Avenger 220 Cruise retains the classic cruiser comfort and looks while, the all-new Avenger Street range is designed for easy city riding. Meanwhile, the company said that the Avenger Street 150 has been introduced to bring the genuine cruiser experience to the large set of emerging 150cc users. </p> <p>The Avenger 220 Cruise comes with a liberal dose of chrome highlights thanks to a new radiator, redesigned side grabs, stylized silencer and an all new handlebar,” informs the company, adding, “The Avenger 220 Cruise comes with comfortable padded backrest and an optional windshield for easy cruising on highways.” </p> <p>“While the Cruise is chrome, the Avenger 220 Street is stealthier with a matte black and brushed silver finish,” reads the statement. Similarlt, the 150 Street comes in midnight blue. The Avenger Street has a new, lower and flatter handlebar for better maneuverability in city riding. </p> <p>The new Avenger motorbikes come with a brand new insignia, new graphics and styling cues, improved rear suspension, bright white light headlamps, clear lens indicators and low slung seats with thicker dual density foam. The Avenger 220 comes with Bajaj's 220 cc DTSi engine. The bike has an oil cooler to maintain engine oil temperature and viscosity. Similarly, the Avenger 150 Street comes with 150 cc DTSi engine, which according to the company, has been completely revised for this bike. As per the manufacturer, it delivers 14.5 PS of power and a torque of 12.5 Nm which is enhanced at low rpms.</p> <p>ShekharGolchha, Executive Director of HansrajHulaschand, the authorised distributor of Bajaj two wheelers in Nepal said, “One key factor on Bajaj leading this market is its focus on outstanding product design and its superior engine technology. And with this new addition to Avenger family, we shall again steer the conception of new industry segment and Avenger shall set the rules for others to follow. We are confident that Avenger will change the cruiser segment’s market.” <br /> The new Avenger range will be available in all Bajaj outlets across the country. Avenger 220 Cruise, 220 Street and 150 Street have been priced Rs 294,900, Rs 284,900 and Rs 249,900 respectively.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3130', 'image' => '20160410011123_dsdsa.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3291', 'article_category_id' => '34', 'title' => 'FPO Distribution of NIBL on April 12', 'sub_title' => '', 'summary' => 'April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. ', 'content' => '<p>April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. </p> <p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p> <p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br /> CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p> <p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3129', 'image' => null, 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3290', 'article_category_id' => '1', 'title' => 'Nescafe Gold Open Golf Tournament Arrives in Nepal', 'sub_title' => '', 'summary' => 'April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.', 'content' => '<p style="text-align: justify;">April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.</p> <p style="text-align: justify;">According to organizers, the tournament will be held in Stableford Format giving 3 / 4 handicap with 18 holes. In the competition, there will be 90-100 players including males, females along with age groups over 60 and under 17. Similarly, four Indian players are also participating in the tournament.</p> <p style="text-align: justify;">The players in the tournament will be awarded as Winner, Runner Up, Best Gross, Ladies Winner, Ladies Runner Up, Senior Winner (above 60), Junior Winner, Longest Drive, Closest to the Pin and Most Birdies.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3128', 'image' => '20160408051733_nescafe.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3289', 'article_category_id' => '1', 'title' => 'Bhat-Bhateni’s New Store at Tripureshwor', 'sub_title' => '', 'summary' => 'April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.', 'content' => '<p style="text-align: justify;">April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.</p> <p style="text-align: justify;">“On the occasion of opening of new store, we are providing 10 percent discount on readymade garments and other goods along with a 5 percent discount on alcoholic beverages of different brands,” the company informed in a press statement. </p> <p style="text-align: justify;">Like other stores of Bhat-Bhateni Supermarket, daily essentials goods including clothes, cosmetic, electronics, furniture, grocery items will be available in the Tripureshwore store. </p> <p style="text-align: justify;">Bhat-Bhateni Supermarket Chairman Min Bahadur Gurung believes that the operation of the new store will ease the shopping difficulties customers of the area. “Customer will get various items at reasonable prices,” says Gurung. According to him, the supermarket chain is planning to open two more branches outside the valley. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3127', 'image' => '20160408051259_bhat bhateni.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3288', 'article_category_id' => '1', 'title' => 'NTA 4G Service within Current FY', 'sub_title' => '', 'summary' => 'Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.', 'content' => '<p>Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.</p> <p>With the development of technology in recent years, the 1800 band for 4G service is considered as the ‘golden band.’ Before this the determined band (700 and 2600 band) frequencies were distributed on the basis of auction. However, NTA is readying to give a go-ahead to the service providers to start 4G service using the ‘golden band’ frequency which would not be distributed on the basis of auction.</p> <p>Stating that the frequency in 900 band is not sufficient, NTA has already started distributing frequency on 1800 band for 2G and GSM networks. “The frequency of 1800 band has already been distributed due to which the auction is not possible,” says NTA Chairman Digambar Jha. The 4G service will starts from the current fiscal year with the policy decision on technology neutrality. ‘Technology neutrality’ refers to a policy arrangement which provides the facility to provide services using any kind of technology.</p> <p>“The preparations to introduce 4G technology has already started,” informs NTA Spokesperson Min Prasad Aryal. According to him, the authority has begun homework on minimum frequency bandwidth for 4G service, frequency to be provided for each telecom company and its minimum price, process of distribution along with the requirements for service providers.</p> <p><strong>4G service for 2 service providers only</strong></p> <p>NTA is permitting two service providers to start 4G services stating that the others are not functioning. With this, Nepal Telecom and Ncell can start 4G service for now. “However, service providers will have their 4G licenses revoked if they do not utilize their respective frequencies,” said a NTA source, adding, “Permission cannot be given for those who are not able to run the licensed services.”</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3126', 'image' => '20160408044924_4g.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 8 => array( 'Article' => array( 'id' => '3287', 'article_category_id' => '1', 'title' => 'Tele Two Cautions Customers on Grey Mobile Phones', 'sub_title' => '', 'summary' => 'April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets. The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.', 'content' => '<p style="text-align: justify;">April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets.</p> <p style="text-align: justify;">The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.</p> <p style="text-align: justify;">Company stated that while purchasing mobiles from authorised dealers, one can get official warranty card and can receive services from service centers. “In addition, this transaction is done through official VAT bill, thus the tax will be deposited in national revenue,” the company mentioned. Similarly, Tele Two informed that it will be accountable for the authorised phones as they have encrypted unique IMEI numbers.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3125', 'image' => '20160408044708_hua.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3286', 'article_category_id' => '1', 'title' => 'Investment growing by Rs 1 Billion a year in Pharmaceuticals Industry', 'sub_title' => '', 'summary' => 'April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year. ', 'content' => '<p style="text-align: justify;">April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year.</p> <p style="text-align: justify;">A 2005 survey conducted by South Asia Watch on Trade, Economic and Environment (SAWTEE) found the market share of Nepali medicine at 30 percent of total domestic market. However, the market share has increased to 45 percent recently as informed by DDA.</p> <p style="text-align: justify;">At present, more than 250 pharmaceutical companies are registered in DDA. Among them, 98 companies comprising 45 Allopathic, 42 Ayurvedic and 7 Veterinary companies are in operation. </p> <p style="text-align: justify;">The DDA statistics shows that registration of new pharmaceutical companies is also growing. As per the drug market regulator, every year 8-10 pharmaceutical companies are registered. Data produced by DDA and Association of Pharmaceutical Producers of Nepal (APPON) reveals that Rs 30 billion has been invested in the domestic pharmaceutical industry so far, in which, total investment in allopathic pharmaceutical companies is Rs 18 billion.</p> <p style="text-align: justify;">According to industrialists, investment of Rs 200-400 million is required in Nepal to operate a pharmaceutical company. Deepak Pradhan, General Secretary of APPON says, “Significant increase in investments in pharmaceutical industry is resulting higher production.”</p> <p style="text-align: justify;">“Although Nepal has become self-reliant in general medicines, it still needs to import essential ones,” says Bal Krishna Khakurel, Director General of DDA. “Nevertheless, increase in domestic productions in the recent years is indicating a possibility of replacing imported medicines.” At present, Nepal requires medicines worth Rs 46 billion annually in which medicines worth Rs 21 billion are supplied by domestic companies.</p> <p style="text-align: justify;">Shankar Ghimire, President of APPON says, “Nepali pharmaceutical companies can share 80 percent of domestic market by 2025 if the government provides favourable environment to promote domestic medicine industry. Industrialists alone cannot promote the industry. Government should also extend its support through tax concessions and special relief packages.” “Government of some countries provides land free of cost to pharmaceutical companies for 10-15 years. With the support from the government, investments and production would rise and the country will become self-reliant in medicines.”</p> <p style="text-align: justify;">However, there is still dispute between pharmaceutical industrialists and the government regarding the implementation of maximum retail prices (MRPs) of medicines. The cabinet on July 6 approved MRPs of 96 medicines. But pharmaceutical producers have rejected the government fixed rates claiming the prices to be unreasonable in the present context.</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3124', 'image' => '20160408040855_Pain_medication.jpeg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 10 => array( 'Article' => array( 'id' => '3285', 'article_category_id' => '1', 'title' => 'Remit Agreement between Mega Bank and Yes Bank of India', 'sub_title' => '', 'summary' => 'April 8 : Mega Bank has finalised remittance agreement with Yes Bank of India in a bid to provide easy remittance services to Nepali working in India. Rabina Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.', 'content' => '<p>April 8: Mega Bank has finalised remit agreement with Yes Bank of India in a bid to provide easy remittance services to Nepalis working in India. Raveena Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.</p> <p>After the agreement, Nepalis working across various part of India can send money through remittance service of Yes Bank. “We believe that the agreement will facilitate businessmen trading with India as well as middle class families of rural Nepal,” says Raveena Deshraj Shrestha.</p> <p>As per the agreement, Nepali workers can send remittance from 11,000 agents of Yes Money Services. The money can be received through any branches of Mega Bank or agents in Nepal. Mega Bank has 30 branch offices, 53 branchless banking services and 1,350 remit agents. Mega bank, with their slogan ‘Halo Dekhi Hydro Samma’, provides remit services in collaboration with banks and exchanges houses of different countries such as Qatar, UAE, Bahrain, Malaysia, Japan and Australia. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3123', 'image' => '20160408112243_Clipboard04.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3284', 'article_category_id' => '1', 'title' => 'Ekta Development Bank Opens 2 New Branches', 'sub_title' => '', 'summary' => 'April 8 : Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan. With the opening of these branches, Ekta now serve its’ customers through 14 branches in various part of the country.', 'content' => '<p style="text-align: justify;">April 8: Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan district. With the opening of the branches, the bank now has 14 branches in various part of the country.</p> <p style="text-align: justify;">Dr Dhruba Lal Dhakal, Chairman of the bank and Sudan Shrestha, Chairman of Chamber of Commerce and Industry, Salyan jointly inaugurated the Srinagar branch. Similarly, Tek Bahadur Basnet, Member of Constitutional Assembly and Govinda Rijal, Chief District Officer jointly inaugurated the Tharmare branch.</p> <p style="text-align: justify;">Established in 2011, Ekta Bank has authorised capital of Rs 400 million and paid-up capital of Rs 227.7 million. Bank is serving more than 35,000 customers. The Bank is in process to merge with Siddhartha Development Bank and Nepal Aawas Finance to meet the new capital requirement for BFIs implemented by the Nepal Rastra Bank (NRB). The merger proposal has already been endorsed by the bank’s AGM, while it is subjected to approval from NRB.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3122', 'image' => '20160408112151_Clipboard05.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3283', 'article_category_id' => '34', 'title' => 'SEBON Directs to Reimburse Money in 4 Days', 'sub_title' => '', 'summary' => 'April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.', 'content' => '<p style="text-align:justify">April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.</p> <p style="text-align:justify">SEBON has inspected three broker companies after it received complaints from investors of delays in settling trading money even after implementation of automated system that have made payments within four days mandatory.</p> <p style="text-align:justify">SEBON inspected Broker no. 50 Cristal Kanchanjungha Securities, Broker no. 46 Kalika Securities and Broker no. 16 Primo Securities. During the inspection, SEBON find out that the brokers make untimely payment to investors. Thus, SEBON has directed brokers to make payment in time and implement full-fledged automated system in clearance of share transactions. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3121', 'image' => '20160407053501_sebon.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3282', 'article_category_id' => '1', 'title' => 'MK Autoworks at Sinamangal', 'sub_title' => '', 'summary' => 'April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6.', 'content' => '<p>April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6. According to Balaju Autoworks, the new auto workshop will provide quality service at an ease to the customers. As per the company, its service will be available for 7 days/ week and 24 hours.</p> <p>The company also mentioned that it will provide on-the-spot vehicle repair service. Similarly, customers can also have the facility of pick up and drop for car servicing and special discount on car washing.</p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3120', 'image' => '20160407035956_Clipboard02.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3281', 'article_category_id' => '1', 'title' => 'NB Insurance Enters D-Mat system', 'sub_title' => '', 'summary' => 'April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose.', 'content' => '<p>April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose. </p> <p>On behalf of their respective organizations, Ugesh Bhakta Bade Shrestha, Acting CEO of NB Insurance and Dev Prakash Gupta, CEO of CDSC signed the agreement.</p> <p>Similarly, Paras Mani Dhakal, CEO of Global IME Capital signed the agreement as the share registrar. After the agreement, shareholders of NB insurance will have to dematerialised their shares. NB Insurance’s shareholders have to apply for d-mating of their shares in the assigned DP (deposit collectors).</p> <p> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3119', 'image' => '20160407034354_nb insurance.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3295', 'article_category_id' => '1', 'title' => 'Average Nepali Spends Rs 65,000 pa on Consumption', 'sub_title' => '', 'summary' => 'April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).', 'content' => '<p>April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).</p> <p>The survey shows that tenth decile (the richest) spend Rs 215,553 while first decile (the poorest) spend Rs 19,068 in annual consumption. In the FY 2070/71, the annual nominal average consumption expenditure of Nepalis was Rs 62,432. As per the survey, a big gap is seen between consumption of first quintile (the poorest) and fifth quintile (the richest). Similarly, the gap is even wider between consumption of first decile (the poorest) and tenth decile (the richest).</p> <p>In the FY 2070/71, consumption expenditure of the poorest in first quintile was Rs 22,309 while it was Rs 150,710 for the richest of fifth quintile. Similarly, consumption spending of the richest of the tenth decile was seen at Rs 206,454 while, it was Rs 18,923 for the poorest of first decile.</p> <p>According to the survey, no significant gap between the poorest of urban areas and rural areas is seen. Nevertheless, there is big gap between urban riches and rural riches. The richest of urban and rural areas spend Rs 173,674 and 124,738 respectively, as per the statistics. “Similarly, urban poorest spend Rs 23,873 while rural poorest spend Rs 22,470 in annual consumption,” says Hem Raj Regmi, Deputy Director General of the Bureau.</p> <p><strong>More spending on food items</strong></p> <p>As per the survey, annual consumption of Nepalis stands at Rs 1.622 trillion. The survey also shows that the highest expenditure is done in food items in total consumption.</p> <p>In total consumption expenditure, the spending of rural areas and urban areas are at Rs 877 billion and Rs 764.24 billion respectively. The total spending of the first decile of the poorest is at Rs 47.75 billion while it is Rs 538 billion for the tenth decile of the richest.</p> <p>Every Nepali spends a nominal of Rs 33,090 in consumption of items such as food stuffs, meats, egg and milks, ghee, oil, fruits, vegetables and various types of beverages along with tobacco and alcoholic products. Apart from food items, expenditure on other consumable goods is high in urban areas and relatively low in rural areas. “Consumption is less costly in rural areas compared to urban areas as consumers in villages have their own productions besides minimal house rent,” says Regmi. Among such expenditure, per capita spending in urban area is Rs 38,437 and Rs 30,727 in rural area.</p> <p>In FY 2070/71, per capita spending of Nepalis was recorded at Rs 31,008 in food items. According to the CBS report, a difference of Rs 10,000 exists in the consumption of food stuffs in urban and rural areas. In the urban area, per capita expenditure in food items totals Rs 39,473 while, it is Rs 29,260 in the rural area.</p> <p>Similarly, In FY 2071/72, per capita spending in healthcare, education, jewelry, social security, insurance, banking services along with administrative costs totaled Rs 24,430. As per the survey, such expenses in urban areas and rural areas are at Rs 38,347 and Rs 18,323 respectively.</p> <p> </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3133', 'image' => '20160410052709_table 2.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3294', 'article_category_id' => '1', 'title' => 'Free Viber Stickers worth Rs 10,000 for New Year', 'sub_title' => '', 'summary' => 'Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services. ', 'content' => '<p><strong>Free Viber Stickers worth Rs 10,000 for New Year</strong></p> <p>April 10: Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services.</p> <p style="text-align:justify">"We would like to wish the people of Nepal a very happy new year from the entire team at Viber. Joining this celebration, Viber has made the stickers available free of cost to add to the spirit and festivity of the occasion. Over the last one year, Viber has shown consistent growth in its user base in Nepal,” says Anubhav Nayyar, Regional Head - Viber South Asia.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3132', 'image' => '20160410052312_viber.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3293', 'article_category_id' => '1', 'title' => 'Suzuki Baleno Launched in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. ', 'content' => '<p>April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. </p> <p>The car comes with a 1.2 liter VVT Petrol engine with a mileage of 21.4 km/liter while delivering peak power of 84.3 Ps. “Dynamic, energetic and premium, Baleno is packed with features, many of them being offered for the first time in the premium hatchback segment,” claims the company. </p> <p>As per the company, Baleno has won praise from experts for its superior ride and handling, safety, fuel efficiency and low vehicle noise and harshness. “It is built on a brand new Suzuki TECT platform which is lighter by 100 kilogrammes, stronger by 10 percent and more rigid compared to existing platforms in the industry,” informs the company, adding, “At the introductory price announced by Suzuki today, Baleno offers substantially more value to customers and is set to redefine the premium hatchback segment in the country.”</p> <p>Baleno will be available for booking in all Suzuki outlets across Nepal with an introductory price starting from Rs 2.69 million. The distributor is also providing a special interest rate for finance of Suzuki Baleno to the customers. </p> <p>During the launch of the new Suzuki hatchback, Karan Chaudhary, Executive Director of CG Moto Corp said, “We are happy to announce the launch of Baleno in Nepal after its grand success in India. Baleno is a real global model. It comes with sophisticated design and advanced technology. It offers the best-in-class fuel efficiency in petrol. We're sure it will do really well in the market.”</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3131', 'image' => '20160410021729_Clipboard01.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3292', 'article_category_id' => '1', 'title' => 'New Bajaj Avenger Motorbikes in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. ', 'content' => '<p>April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. As per the company, Avenger 220 Cruise retains the classic cruiser comfort and looks while, the all-new Avenger Street range is designed for easy city riding. Meanwhile, the company said that the Avenger Street 150 has been introduced to bring the genuine cruiser experience to the large set of emerging 150cc users. </p> <p>The Avenger 220 Cruise comes with a liberal dose of chrome highlights thanks to a new radiator, redesigned side grabs, stylized silencer and an all new handlebar,” informs the company, adding, “The Avenger 220 Cruise comes with comfortable padded backrest and an optional windshield for easy cruising on highways.” </p> <p>“While the Cruise is chrome, the Avenger 220 Street is stealthier with a matte black and brushed silver finish,” reads the statement. Similarlt, the 150 Street comes in midnight blue. The Avenger Street has a new, lower and flatter handlebar for better maneuverability in city riding. </p> <p>The new Avenger motorbikes come with a brand new insignia, new graphics and styling cues, improved rear suspension, bright white light headlamps, clear lens indicators and low slung seats with thicker dual density foam. The Avenger 220 comes with Bajaj's 220 cc DTSi engine. The bike has an oil cooler to maintain engine oil temperature and viscosity. Similarly, the Avenger 150 Street comes with 150 cc DTSi engine, which according to the company, has been completely revised for this bike. As per the manufacturer, it delivers 14.5 PS of power and a torque of 12.5 Nm which is enhanced at low rpms.</p> <p>ShekharGolchha, Executive Director of HansrajHulaschand, the authorised distributor of Bajaj two wheelers in Nepal said, “One key factor on Bajaj leading this market is its focus on outstanding product design and its superior engine technology. And with this new addition to Avenger family, we shall again steer the conception of new industry segment and Avenger shall set the rules for others to follow. We are confident that Avenger will change the cruiser segment’s market.” <br /> The new Avenger range will be available in all Bajaj outlets across the country. Avenger 220 Cruise, 220 Street and 150 Street have been priced Rs 294,900, Rs 284,900 and Rs 249,900 respectively.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3130', 'image' => '20160410011123_dsdsa.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3291', 'article_category_id' => '34', 'title' => 'FPO Distribution of NIBL on April 12', 'sub_title' => '', 'summary' => 'April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. ', 'content' => '<p>April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. </p> <p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p> <p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br /> CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p> <p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3129', 'image' => null, 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3290', 'article_category_id' => '1', 'title' => 'Nescafe Gold Open Golf Tournament Arrives in Nepal', 'sub_title' => '', 'summary' => 'April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.', 'content' => '<p style="text-align: justify;">April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.</p> <p style="text-align: justify;">According to organizers, the tournament will be held in Stableford Format giving 3 / 4 handicap with 18 holes. In the competition, there will be 90-100 players including males, females along with age groups over 60 and under 17. Similarly, four Indian players are also participating in the tournament.</p> <p style="text-align: justify;">The players in the tournament will be awarded as Winner, Runner Up, Best Gross, Ladies Winner, Ladies Runner Up, Senior Winner (above 60), Junior Winner, Longest Drive, Closest to the Pin and Most Birdies.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3128', 'image' => '20160408051733_nescafe.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3289', 'article_category_id' => '1', 'title' => 'Bhat-Bhateni’s New Store at Tripureshwor', 'sub_title' => '', 'summary' => 'April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.', 'content' => '<p style="text-align: justify;">April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.</p> <p style="text-align: justify;">“On the occasion of opening of new store, we are providing 10 percent discount on readymade garments and other goods along with a 5 percent discount on alcoholic beverages of different brands,” the company informed in a press statement. </p> <p style="text-align: justify;">Like other stores of Bhat-Bhateni Supermarket, daily essentials goods including clothes, cosmetic, electronics, furniture, grocery items will be available in the Tripureshwore store. </p> <p style="text-align: justify;">Bhat-Bhateni Supermarket Chairman Min Bahadur Gurung believes that the operation of the new store will ease the shopping difficulties customers of the area. “Customer will get various items at reasonable prices,” says Gurung. According to him, the supermarket chain is planning to open two more branches outside the valley. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3127', 'image' => '20160408051259_bhat bhateni.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3288', 'article_category_id' => '1', 'title' => 'NTA 4G Service within Current FY', 'sub_title' => '', 'summary' => 'Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.', 'content' => '<p>Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.</p> <p>With the development of technology in recent years, the 1800 band for 4G service is considered as the ‘golden band.’ Before this the determined band (700 and 2600 band) frequencies were distributed on the basis of auction. However, NTA is readying to give a go-ahead to the service providers to start 4G service using the ‘golden band’ frequency which would not be distributed on the basis of auction.</p> <p>Stating that the frequency in 900 band is not sufficient, NTA has already started distributing frequency on 1800 band for 2G and GSM networks. “The frequency of 1800 band has already been distributed due to which the auction is not possible,” says NTA Chairman Digambar Jha. The 4G service will starts from the current fiscal year with the policy decision on technology neutrality. ‘Technology neutrality’ refers to a policy arrangement which provides the facility to provide services using any kind of technology.</p> <p>“The preparations to introduce 4G technology has already started,” informs NTA Spokesperson Min Prasad Aryal. According to him, the authority has begun homework on minimum frequency bandwidth for 4G service, frequency to be provided for each telecom company and its minimum price, process of distribution along with the requirements for service providers.</p> <p><strong>4G service for 2 service providers only</strong></p> <p>NTA is permitting two service providers to start 4G services stating that the others are not functioning. With this, Nepal Telecom and Ncell can start 4G service for now. “However, service providers will have their 4G licenses revoked if they do not utilize their respective frequencies,” said a NTA source, adding, “Permission cannot be given for those who are not able to run the licensed services.”</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3126', 'image' => '20160408044924_4g.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 8 => array( 'Article' => array( 'id' => '3287', 'article_category_id' => '1', 'title' => 'Tele Two Cautions Customers on Grey Mobile Phones', 'sub_title' => '', 'summary' => 'April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets. The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.', 'content' => '<p style="text-align: justify;">April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets.</p> <p style="text-align: justify;">The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.</p> <p style="text-align: justify;">Company stated that while purchasing mobiles from authorised dealers, one can get official warranty card and can receive services from service centers. “In addition, this transaction is done through official VAT bill, thus the tax will be deposited in national revenue,” the company mentioned. Similarly, Tele Two informed that it will be accountable for the authorised phones as they have encrypted unique IMEI numbers.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3125', 'image' => '20160408044708_hua.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3286', 'article_category_id' => '1', 'title' => 'Investment growing by Rs 1 Billion a year in Pharmaceuticals Industry', 'sub_title' => '', 'summary' => 'April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year. ', 'content' => '<p style="text-align: justify;">April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year.</p> <p style="text-align: justify;">A 2005 survey conducted by South Asia Watch on Trade, Economic and Environment (SAWTEE) found the market share of Nepali medicine at 30 percent of total domestic market. However, the market share has increased to 45 percent recently as informed by DDA.</p> <p style="text-align: justify;">At present, more than 250 pharmaceutical companies are registered in DDA. Among them, 98 companies comprising 45 Allopathic, 42 Ayurvedic and 7 Veterinary companies are in operation. </p> <p style="text-align: justify;">The DDA statistics shows that registration of new pharmaceutical companies is also growing. As per the drug market regulator, every year 8-10 pharmaceutical companies are registered. Data produced by DDA and Association of Pharmaceutical Producers of Nepal (APPON) reveals that Rs 30 billion has been invested in the domestic pharmaceutical industry so far, in which, total investment in allopathic pharmaceutical companies is Rs 18 billion.</p> <p style="text-align: justify;">According to industrialists, investment of Rs 200-400 million is required in Nepal to operate a pharmaceutical company. Deepak Pradhan, General Secretary of APPON says, “Significant increase in investments in pharmaceutical industry is resulting higher production.”</p> <p style="text-align: justify;">“Although Nepal has become self-reliant in general medicines, it still needs to import essential ones,” says Bal Krishna Khakurel, Director General of DDA. “Nevertheless, increase in domestic productions in the recent years is indicating a possibility of replacing imported medicines.” At present, Nepal requires medicines worth Rs 46 billion annually in which medicines worth Rs 21 billion are supplied by domestic companies.</p> <p style="text-align: justify;">Shankar Ghimire, President of APPON says, “Nepali pharmaceutical companies can share 80 percent of domestic market by 2025 if the government provides favourable environment to promote domestic medicine industry. Industrialists alone cannot promote the industry. Government should also extend its support through tax concessions and special relief packages.” “Government of some countries provides land free of cost to pharmaceutical companies for 10-15 years. With the support from the government, investments and production would rise and the country will become self-reliant in medicines.”</p> <p style="text-align: justify;">However, there is still dispute between pharmaceutical industrialists and the government regarding the implementation of maximum retail prices (MRPs) of medicines. The cabinet on July 6 approved MRPs of 96 medicines. But pharmaceutical producers have rejected the government fixed rates claiming the prices to be unreasonable in the present context.</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3124', 'image' => '20160408040855_Pain_medication.jpeg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 10 => array( 'Article' => array( 'id' => '3285', 'article_category_id' => '1', 'title' => 'Remit Agreement between Mega Bank and Yes Bank of India', 'sub_title' => '', 'summary' => 'April 8 : Mega Bank has finalised remittance agreement with Yes Bank of India in a bid to provide easy remittance services to Nepali working in India. Rabina Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.', 'content' => '<p>April 8: Mega Bank has finalised remit agreement with Yes Bank of India in a bid to provide easy remittance services to Nepalis working in India. Raveena Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.</p> <p>After the agreement, Nepalis working across various part of India can send money through remittance service of Yes Bank. “We believe that the agreement will facilitate businessmen trading with India as well as middle class families of rural Nepal,” says Raveena Deshraj Shrestha.</p> <p>As per the agreement, Nepali workers can send remittance from 11,000 agents of Yes Money Services. The money can be received through any branches of Mega Bank or agents in Nepal. Mega Bank has 30 branch offices, 53 branchless banking services and 1,350 remit agents. Mega bank, with their slogan ‘Halo Dekhi Hydro Samma’, provides remit services in collaboration with banks and exchanges houses of different countries such as Qatar, UAE, Bahrain, Malaysia, Japan and Australia. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3123', 'image' => '20160408112243_Clipboard04.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3284', 'article_category_id' => '1', 'title' => 'Ekta Development Bank Opens 2 New Branches', 'sub_title' => '', 'summary' => 'April 8 : Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan. With the opening of these branches, Ekta now serve its’ customers through 14 branches in various part of the country.', 'content' => '<p style="text-align: justify;">April 8: Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan district. With the opening of the branches, the bank now has 14 branches in various part of the country.</p> <p style="text-align: justify;">Dr Dhruba Lal Dhakal, Chairman of the bank and Sudan Shrestha, Chairman of Chamber of Commerce and Industry, Salyan jointly inaugurated the Srinagar branch. Similarly, Tek Bahadur Basnet, Member of Constitutional Assembly and Govinda Rijal, Chief District Officer jointly inaugurated the Tharmare branch.</p> <p style="text-align: justify;">Established in 2011, Ekta Bank has authorised capital of Rs 400 million and paid-up capital of Rs 227.7 million. Bank is serving more than 35,000 customers. The Bank is in process to merge with Siddhartha Development Bank and Nepal Aawas Finance to meet the new capital requirement for BFIs implemented by the Nepal Rastra Bank (NRB). The merger proposal has already been endorsed by the bank’s AGM, while it is subjected to approval from NRB.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3122', 'image' => '20160408112151_Clipboard05.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3283', 'article_category_id' => '34', 'title' => 'SEBON Directs to Reimburse Money in 4 Days', 'sub_title' => '', 'summary' => 'April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.', 'content' => '<p style="text-align:justify">April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.</p> <p style="text-align:justify">SEBON has inspected three broker companies after it received complaints from investors of delays in settling trading money even after implementation of automated system that have made payments within four days mandatory.</p> <p style="text-align:justify">SEBON inspected Broker no. 50 Cristal Kanchanjungha Securities, Broker no. 46 Kalika Securities and Broker no. 16 Primo Securities. During the inspection, SEBON find out that the brokers make untimely payment to investors. Thus, SEBON has directed brokers to make payment in time and implement full-fledged automated system in clearance of share transactions. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3121', 'image' => '20160407053501_sebon.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3282', 'article_category_id' => '1', 'title' => 'MK Autoworks at Sinamangal', 'sub_title' => '', 'summary' => 'April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6.', 'content' => '<p>April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6. According to Balaju Autoworks, the new auto workshop will provide quality service at an ease to the customers. As per the company, its service will be available for 7 days/ week and 24 hours.</p> <p>The company also mentioned that it will provide on-the-spot vehicle repair service. Similarly, customers can also have the facility of pick up and drop for car servicing and special discount on car washing.</p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3120', 'image' => '20160407035956_Clipboard02.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3281', 'article_category_id' => '1', 'title' => 'NB Insurance Enters D-Mat system', 'sub_title' => '', 'summary' => 'April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose.', 'content' => '<p>April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose. </p> <p>On behalf of their respective organizations, Ugesh Bhakta Bade Shrestha, Acting CEO of NB Insurance and Dev Prakash Gupta, CEO of CDSC signed the agreement.</p> <p>Similarly, Paras Mani Dhakal, CEO of Global IME Capital signed the agreement as the share registrar. After the agreement, shareholders of NB insurance will have to dematerialised their shares. NB Insurance’s shareholders have to apply for d-mating of their shares in the assigned DP (deposit collectors).</p> <p> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3119', 'image' => '20160407034354_nb insurance.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3295', 'article_category_id' => '1', 'title' => 'Average Nepali Spends Rs 65,000 pa on Consumption', 'sub_title' => '', 'summary' => 'April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).', 'content' => '<p>April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).</p> <p>The survey shows that tenth decile (the richest) spend Rs 215,553 while first decile (the poorest) spend Rs 19,068 in annual consumption. In the FY 2070/71, the annual nominal average consumption expenditure of Nepalis was Rs 62,432. As per the survey, a big gap is seen between consumption of first quintile (the poorest) and fifth quintile (the richest). Similarly, the gap is even wider between consumption of first decile (the poorest) and tenth decile (the richest).</p> <p>In the FY 2070/71, consumption expenditure of the poorest in first quintile was Rs 22,309 while it was Rs 150,710 for the richest of fifth quintile. Similarly, consumption spending of the richest of the tenth decile was seen at Rs 206,454 while, it was Rs 18,923 for the poorest of first decile.</p> <p>According to the survey, no significant gap between the poorest of urban areas and rural areas is seen. Nevertheless, there is big gap between urban riches and rural riches. The richest of urban and rural areas spend Rs 173,674 and 124,738 respectively, as per the statistics. “Similarly, urban poorest spend Rs 23,873 while rural poorest spend Rs 22,470 in annual consumption,” says Hem Raj Regmi, Deputy Director General of the Bureau.</p> <p><strong>More spending on food items</strong></p> <p>As per the survey, annual consumption of Nepalis stands at Rs 1.622 trillion. The survey also shows that the highest expenditure is done in food items in total consumption.</p> <p>In total consumption expenditure, the spending of rural areas and urban areas are at Rs 877 billion and Rs 764.24 billion respectively. The total spending of the first decile of the poorest is at Rs 47.75 billion while it is Rs 538 billion for the tenth decile of the richest.</p> <p>Every Nepali spends a nominal of Rs 33,090 in consumption of items such as food stuffs, meats, egg and milks, ghee, oil, fruits, vegetables and various types of beverages along with tobacco and alcoholic products. Apart from food items, expenditure on other consumable goods is high in urban areas and relatively low in rural areas. “Consumption is less costly in rural areas compared to urban areas as consumers in villages have their own productions besides minimal house rent,” says Regmi. Among such expenditure, per capita spending in urban area is Rs 38,437 and Rs 30,727 in rural area.</p> <p>In FY 2070/71, per capita spending of Nepalis was recorded at Rs 31,008 in food items. According to the CBS report, a difference of Rs 10,000 exists in the consumption of food stuffs in urban and rural areas. In the urban area, per capita expenditure in food items totals Rs 39,473 while, it is Rs 29,260 in the rural area.</p> <p>Similarly, In FY 2071/72, per capita spending in healthcare, education, jewelry, social security, insurance, banking services along with administrative costs totaled Rs 24,430. As per the survey, such expenses in urban areas and rural areas are at Rs 38,347 and Rs 18,323 respectively.</p> <p> </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3133', 'image' => '20160410052709_table 2.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3294', 'article_category_id' => '1', 'title' => 'Free Viber Stickers worth Rs 10,000 for New Year', 'sub_title' => '', 'summary' => 'Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services. ', 'content' => '<p><strong>Free Viber Stickers worth Rs 10,000 for New Year</strong></p> <p>April 10: Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services.</p> <p style="text-align:justify">"We would like to wish the people of Nepal a very happy new year from the entire team at Viber. Joining this celebration, Viber has made the stickers available free of cost to add to the spirit and festivity of the occasion. Over the last one year, Viber has shown consistent growth in its user base in Nepal,” says Anubhav Nayyar, Regional Head - Viber South Asia.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3132', 'image' => '20160410052312_viber.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3293', 'article_category_id' => '1', 'title' => 'Suzuki Baleno Launched in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. ', 'content' => '<p>April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. </p> <p>The car comes with a 1.2 liter VVT Petrol engine with a mileage of 21.4 km/liter while delivering peak power of 84.3 Ps. “Dynamic, energetic and premium, Baleno is packed with features, many of them being offered for the first time in the premium hatchback segment,” claims the company. </p> <p>As per the company, Baleno has won praise from experts for its superior ride and handling, safety, fuel efficiency and low vehicle noise and harshness. “It is built on a brand new Suzuki TECT platform which is lighter by 100 kilogrammes, stronger by 10 percent and more rigid compared to existing platforms in the industry,” informs the company, adding, “At the introductory price announced by Suzuki today, Baleno offers substantially more value to customers and is set to redefine the premium hatchback segment in the country.”</p> <p>Baleno will be available for booking in all Suzuki outlets across Nepal with an introductory price starting from Rs 2.69 million. The distributor is also providing a special interest rate for finance of Suzuki Baleno to the customers. </p> <p>During the launch of the new Suzuki hatchback, Karan Chaudhary, Executive Director of CG Moto Corp said, “We are happy to announce the launch of Baleno in Nepal after its grand success in India. Baleno is a real global model. It comes with sophisticated design and advanced technology. It offers the best-in-class fuel efficiency in petrol. We're sure it will do really well in the market.”</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3131', 'image' => '20160410021729_Clipboard01.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3292', 'article_category_id' => '1', 'title' => 'New Bajaj Avenger Motorbikes in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. ', 'content' => '<p>April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. As per the company, Avenger 220 Cruise retains the classic cruiser comfort and looks while, the all-new Avenger Street range is designed for easy city riding. Meanwhile, the company said that the Avenger Street 150 has been introduced to bring the genuine cruiser experience to the large set of emerging 150cc users. </p> <p>The Avenger 220 Cruise comes with a liberal dose of chrome highlights thanks to a new radiator, redesigned side grabs, stylized silencer and an all new handlebar,” informs the company, adding, “The Avenger 220 Cruise comes with comfortable padded backrest and an optional windshield for easy cruising on highways.” </p> <p>“While the Cruise is chrome, the Avenger 220 Street is stealthier with a matte black and brushed silver finish,” reads the statement. Similarlt, the 150 Street comes in midnight blue. The Avenger Street has a new, lower and flatter handlebar for better maneuverability in city riding. </p> <p>The new Avenger motorbikes come with a brand new insignia, new graphics and styling cues, improved rear suspension, bright white light headlamps, clear lens indicators and low slung seats with thicker dual density foam. The Avenger 220 comes with Bajaj's 220 cc DTSi engine. The bike has an oil cooler to maintain engine oil temperature and viscosity. Similarly, the Avenger 150 Street comes with 150 cc DTSi engine, which according to the company, has been completely revised for this bike. As per the manufacturer, it delivers 14.5 PS of power and a torque of 12.5 Nm which is enhanced at low rpms.</p> <p>ShekharGolchha, Executive Director of HansrajHulaschand, the authorised distributor of Bajaj two wheelers in Nepal said, “One key factor on Bajaj leading this market is its focus on outstanding product design and its superior engine technology. And with this new addition to Avenger family, we shall again steer the conception of new industry segment and Avenger shall set the rules for others to follow. We are confident that Avenger will change the cruiser segment’s market.” <br /> The new Avenger range will be available in all Bajaj outlets across the country. Avenger 220 Cruise, 220 Street and 150 Street have been priced Rs 294,900, Rs 284,900 and Rs 249,900 respectively.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3130', 'image' => '20160410011123_dsdsa.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3291', 'article_category_id' => '34', 'title' => 'FPO Distribution of NIBL on April 12', 'sub_title' => '', 'summary' => 'April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. ', 'content' => '<p>April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. </p> <p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p> <p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br /> CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p> <p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3129', 'image' => null, 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3290', 'article_category_id' => '1', 'title' => 'Nescafe Gold Open Golf Tournament Arrives in Nepal', 'sub_title' => '', 'summary' => 'April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.', 'content' => '<p style="text-align: justify;">April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.</p> <p style="text-align: justify;">According to organizers, the tournament will be held in Stableford Format giving 3 / 4 handicap with 18 holes. In the competition, there will be 90-100 players including males, females along with age groups over 60 and under 17. Similarly, four Indian players are also participating in the tournament.</p> <p style="text-align: justify;">The players in the tournament will be awarded as Winner, Runner Up, Best Gross, Ladies Winner, Ladies Runner Up, Senior Winner (above 60), Junior Winner, Longest Drive, Closest to the Pin and Most Birdies.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3128', 'image' => '20160408051733_nescafe.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3289', 'article_category_id' => '1', 'title' => 'Bhat-Bhateni’s New Store at Tripureshwor', 'sub_title' => '', 'summary' => 'April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.', 'content' => '<p style="text-align: justify;">April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.</p> <p style="text-align: justify;">“On the occasion of opening of new store, we are providing 10 percent discount on readymade garments and other goods along with a 5 percent discount on alcoholic beverages of different brands,” the company informed in a press statement. </p> <p style="text-align: justify;">Like other stores of Bhat-Bhateni Supermarket, daily essentials goods including clothes, cosmetic, electronics, furniture, grocery items will be available in the Tripureshwore store. </p> <p style="text-align: justify;">Bhat-Bhateni Supermarket Chairman Min Bahadur Gurung believes that the operation of the new store will ease the shopping difficulties customers of the area. “Customer will get various items at reasonable prices,” says Gurung. According to him, the supermarket chain is planning to open two more branches outside the valley. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3127', 'image' => '20160408051259_bhat bhateni.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3288', 'article_category_id' => '1', 'title' => 'NTA 4G Service within Current FY', 'sub_title' => '', 'summary' => 'Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.', 'content' => '<p>Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.</p> <p>With the development of technology in recent years, the 1800 band for 4G service is considered as the ‘golden band.’ Before this the determined band (700 and 2600 band) frequencies were distributed on the basis of auction. However, NTA is readying to give a go-ahead to the service providers to start 4G service using the ‘golden band’ frequency which would not be distributed on the basis of auction.</p> <p>Stating that the frequency in 900 band is not sufficient, NTA has already started distributing frequency on 1800 band for 2G and GSM networks. “The frequency of 1800 band has already been distributed due to which the auction is not possible,” says NTA Chairman Digambar Jha. The 4G service will starts from the current fiscal year with the policy decision on technology neutrality. ‘Technology neutrality’ refers to a policy arrangement which provides the facility to provide services using any kind of technology.</p> <p>“The preparations to introduce 4G technology has already started,” informs NTA Spokesperson Min Prasad Aryal. According to him, the authority has begun homework on minimum frequency bandwidth for 4G service, frequency to be provided for each telecom company and its minimum price, process of distribution along with the requirements for service providers.</p> <p><strong>4G service for 2 service providers only</strong></p> <p>NTA is permitting two service providers to start 4G services stating that the others are not functioning. With this, Nepal Telecom and Ncell can start 4G service for now. “However, service providers will have their 4G licenses revoked if they do not utilize their respective frequencies,” said a NTA source, adding, “Permission cannot be given for those who are not able to run the licensed services.”</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3126', 'image' => '20160408044924_4g.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 8 => array( 'Article' => array( 'id' => '3287', 'article_category_id' => '1', 'title' => 'Tele Two Cautions Customers on Grey Mobile Phones', 'sub_title' => '', 'summary' => 'April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets. The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.', 'content' => '<p style="text-align: justify;">April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets.</p> <p style="text-align: justify;">The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.</p> <p style="text-align: justify;">Company stated that while purchasing mobiles from authorised dealers, one can get official warranty card and can receive services from service centers. “In addition, this transaction is done through official VAT bill, thus the tax will be deposited in national revenue,” the company mentioned. Similarly, Tele Two informed that it will be accountable for the authorised phones as they have encrypted unique IMEI numbers.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3125', 'image' => '20160408044708_hua.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3286', 'article_category_id' => '1', 'title' => 'Investment growing by Rs 1 Billion a year in Pharmaceuticals Industry', 'sub_title' => '', 'summary' => 'April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year. ', 'content' => '<p style="text-align: justify;">April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year.</p> <p style="text-align: justify;">A 2005 survey conducted by South Asia Watch on Trade, Economic and Environment (SAWTEE) found the market share of Nepali medicine at 30 percent of total domestic market. However, the market share has increased to 45 percent recently as informed by DDA.</p> <p style="text-align: justify;">At present, more than 250 pharmaceutical companies are registered in DDA. Among them, 98 companies comprising 45 Allopathic, 42 Ayurvedic and 7 Veterinary companies are in operation. </p> <p style="text-align: justify;">The DDA statistics shows that registration of new pharmaceutical companies is also growing. As per the drug market regulator, every year 8-10 pharmaceutical companies are registered. Data produced by DDA and Association of Pharmaceutical Producers of Nepal (APPON) reveals that Rs 30 billion has been invested in the domestic pharmaceutical industry so far, in which, total investment in allopathic pharmaceutical companies is Rs 18 billion.</p> <p style="text-align: justify;">According to industrialists, investment of Rs 200-400 million is required in Nepal to operate a pharmaceutical company. Deepak Pradhan, General Secretary of APPON says, “Significant increase in investments in pharmaceutical industry is resulting higher production.”</p> <p style="text-align: justify;">“Although Nepal has become self-reliant in general medicines, it still needs to import essential ones,” says Bal Krishna Khakurel, Director General of DDA. “Nevertheless, increase in domestic productions in the recent years is indicating a possibility of replacing imported medicines.” At present, Nepal requires medicines worth Rs 46 billion annually in which medicines worth Rs 21 billion are supplied by domestic companies.</p> <p style="text-align: justify;">Shankar Ghimire, President of APPON says, “Nepali pharmaceutical companies can share 80 percent of domestic market by 2025 if the government provides favourable environment to promote domestic medicine industry. Industrialists alone cannot promote the industry. Government should also extend its support through tax concessions and special relief packages.” “Government of some countries provides land free of cost to pharmaceutical companies for 10-15 years. With the support from the government, investments and production would rise and the country will become self-reliant in medicines.”</p> <p style="text-align: justify;">However, there is still dispute between pharmaceutical industrialists and the government regarding the implementation of maximum retail prices (MRPs) of medicines. The cabinet on July 6 approved MRPs of 96 medicines. But pharmaceutical producers have rejected the government fixed rates claiming the prices to be unreasonable in the present context.</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3124', 'image' => '20160408040855_Pain_medication.jpeg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 10 => array( 'Article' => array( 'id' => '3285', 'article_category_id' => '1', 'title' => 'Remit Agreement between Mega Bank and Yes Bank of India', 'sub_title' => '', 'summary' => 'April 8 : Mega Bank has finalised remittance agreement with Yes Bank of India in a bid to provide easy remittance services to Nepali working in India. Rabina Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.', 'content' => '<p>April 8: Mega Bank has finalised remit agreement with Yes Bank of India in a bid to provide easy remittance services to Nepalis working in India. Raveena Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.</p> <p>After the agreement, Nepalis working across various part of India can send money through remittance service of Yes Bank. “We believe that the agreement will facilitate businessmen trading with India as well as middle class families of rural Nepal,” says Raveena Deshraj Shrestha.</p> <p>As per the agreement, Nepali workers can send remittance from 11,000 agents of Yes Money Services. The money can be received through any branches of Mega Bank or agents in Nepal. Mega Bank has 30 branch offices, 53 branchless banking services and 1,350 remit agents. Mega bank, with their slogan ‘Halo Dekhi Hydro Samma’, provides remit services in collaboration with banks and exchanges houses of different countries such as Qatar, UAE, Bahrain, Malaysia, Japan and Australia. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3123', 'image' => '20160408112243_Clipboard04.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3284', 'article_category_id' => '1', 'title' => 'Ekta Development Bank Opens 2 New Branches', 'sub_title' => '', 'summary' => 'April 8 : Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan. With the opening of these branches, Ekta now serve its’ customers through 14 branches in various part of the country.', 'content' => '<p style="text-align: justify;">April 8: Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan district. With the opening of the branches, the bank now has 14 branches in various part of the country.</p> <p style="text-align: justify;">Dr Dhruba Lal Dhakal, Chairman of the bank and Sudan Shrestha, Chairman of Chamber of Commerce and Industry, Salyan jointly inaugurated the Srinagar branch. Similarly, Tek Bahadur Basnet, Member of Constitutional Assembly and Govinda Rijal, Chief District Officer jointly inaugurated the Tharmare branch.</p> <p style="text-align: justify;">Established in 2011, Ekta Bank has authorised capital of Rs 400 million and paid-up capital of Rs 227.7 million. Bank is serving more than 35,000 customers. The Bank is in process to merge with Siddhartha Development Bank and Nepal Aawas Finance to meet the new capital requirement for BFIs implemented by the Nepal Rastra Bank (NRB). The merger proposal has already been endorsed by the bank’s AGM, while it is subjected to approval from NRB.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3122', 'image' => '20160408112151_Clipboard05.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3283', 'article_category_id' => '34', 'title' => 'SEBON Directs to Reimburse Money in 4 Days', 'sub_title' => '', 'summary' => 'April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.', 'content' => '<p style="text-align:justify">April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.</p> <p style="text-align:justify">SEBON has inspected three broker companies after it received complaints from investors of delays in settling trading money even after implementation of automated system that have made payments within four days mandatory.</p> <p style="text-align:justify">SEBON inspected Broker no. 50 Cristal Kanchanjungha Securities, Broker no. 46 Kalika Securities and Broker no. 16 Primo Securities. During the inspection, SEBON find out that the brokers make untimely payment to investors. Thus, SEBON has directed brokers to make payment in time and implement full-fledged automated system in clearance of share transactions. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3121', 'image' => '20160407053501_sebon.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3282', 'article_category_id' => '1', 'title' => 'MK Autoworks at Sinamangal', 'sub_title' => '', 'summary' => 'April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6.', 'content' => '<p>April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6. According to Balaju Autoworks, the new auto workshop will provide quality service at an ease to the customers. As per the company, its service will be available for 7 days/ week and 24 hours.</p> <p>The company also mentioned that it will provide on-the-spot vehicle repair service. Similarly, customers can also have the facility of pick up and drop for car servicing and special discount on car washing.</p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3120', 'image' => '20160407035956_Clipboard02.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3281', 'article_category_id' => '1', 'title' => 'NB Insurance Enters D-Mat system', 'sub_title' => '', 'summary' => 'April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose.', 'content' => '<p>April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose. </p> <p>On behalf of their respective organizations, Ugesh Bhakta Bade Shrestha, Acting CEO of NB Insurance and Dev Prakash Gupta, CEO of CDSC signed the agreement.</p> <p>Similarly, Paras Mani Dhakal, CEO of Global IME Capital signed the agreement as the share registrar. After the agreement, shareholders of NB insurance will have to dematerialised their shares. NB Insurance’s shareholders have to apply for d-mating of their shares in the assigned DP (deposit collectors).</p> <p> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3119', 'image' => '20160407034354_nb insurance.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '3295', 'article_category_id' => '1', 'title' => 'Average Nepali Spends Rs 65,000 pa on Consumption', 'sub_title' => '', 'summary' => 'April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).', 'content' => '<p>April 10: An average Nepali spends Rs 64,941 in consumption in a year, finds a research by Central Bureau of Statistics (CBS). According to the Household Consumption Survey 2071/72 conducted by CBS during October 2014 to June 2015, the persons in first quintile (the poorest) spend Rs 22,653 in consumption as compared to Rs 155,000 of those who fall in the fifth quintile (the richest).</p> <p>The survey shows that tenth decile (the richest) spend Rs 215,553 while first decile (the poorest) spend Rs 19,068 in annual consumption. In the FY 2070/71, the annual nominal average consumption expenditure of Nepalis was Rs 62,432. As per the survey, a big gap is seen between consumption of first quintile (the poorest) and fifth quintile (the richest). Similarly, the gap is even wider between consumption of first decile (the poorest) and tenth decile (the richest).</p> <p>In the FY 2070/71, consumption expenditure of the poorest in first quintile was Rs 22,309 while it was Rs 150,710 for the richest of fifth quintile. Similarly, consumption spending of the richest of the tenth decile was seen at Rs 206,454 while, it was Rs 18,923 for the poorest of first decile.</p> <p>According to the survey, no significant gap between the poorest of urban areas and rural areas is seen. Nevertheless, there is big gap between urban riches and rural riches. The richest of urban and rural areas spend Rs 173,674 and 124,738 respectively, as per the statistics. “Similarly, urban poorest spend Rs 23,873 while rural poorest spend Rs 22,470 in annual consumption,” says Hem Raj Regmi, Deputy Director General of the Bureau.</p> <p><strong>More spending on food items</strong></p> <p>As per the survey, annual consumption of Nepalis stands at Rs 1.622 trillion. The survey also shows that the highest expenditure is done in food items in total consumption.</p> <p>In total consumption expenditure, the spending of rural areas and urban areas are at Rs 877 billion and Rs 764.24 billion respectively. The total spending of the first decile of the poorest is at Rs 47.75 billion while it is Rs 538 billion for the tenth decile of the richest.</p> <p>Every Nepali spends a nominal of Rs 33,090 in consumption of items such as food stuffs, meats, egg and milks, ghee, oil, fruits, vegetables and various types of beverages along with tobacco and alcoholic products. Apart from food items, expenditure on other consumable goods is high in urban areas and relatively low in rural areas. “Consumption is less costly in rural areas compared to urban areas as consumers in villages have their own productions besides minimal house rent,” says Regmi. Among such expenditure, per capita spending in urban area is Rs 38,437 and Rs 30,727 in rural area.</p> <p>In FY 2070/71, per capita spending of Nepalis was recorded at Rs 31,008 in food items. According to the CBS report, a difference of Rs 10,000 exists in the consumption of food stuffs in urban and rural areas. In the urban area, per capita expenditure in food items totals Rs 39,473 while, it is Rs 29,260 in the rural area.</p> <p>Similarly, In FY 2071/72, per capita spending in healthcare, education, jewelry, social security, insurance, banking services along with administrative costs totaled Rs 24,430. As per the survey, such expenses in urban areas and rural areas are at Rs 38,347 and Rs 18,323 respectively.</p> <p> </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3133', 'image' => '20160410052709_table 2.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 1 => array( 'Article' => array( 'id' => '3294', 'article_category_id' => '1', 'title' => 'Free Viber Stickers worth Rs 10,000 for New Year', 'sub_title' => '', 'summary' => 'Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services. ', 'content' => '<p><strong>Free Viber Stickers worth Rs 10,000 for New Year</strong></p> <p>April 10: Instant messaging service Viber has announced that it will provide its Nepali users with free stickers worth Rs 10,000 on the occasion of New Year 2073. Viber has made available more than 50 sticker packs free of cost to its users for 10 days starting from April 7, 2016, as per a press statement by the company. “The stickers are an integral part of Viber, especially designed for users to express themselves better,” reads the statement, adding, “Stickers are one of the most interesting ways to express. It not only adds vibrancy to the conversations but also provide users with a wide range of emotions with catchy designs.” With the launch of Public Chats in Nepal last month, Viber has been fast growing in the Nepali market. With more than 711 million unique users on the platform, Viber is one of the largest mobile messaging apps in the world. It plans to expand its presence in Nepal with more local tie ups and local language based services.</p> <p style="text-align:justify">"We would like to wish the people of Nepal a very happy new year from the entire team at Viber. Joining this celebration, Viber has made the stickers available free of cost to add to the spirit and festivity of the occasion. Over the last one year, Viber has shown consistent growth in its user base in Nepal,” says Anubhav Nayyar, Regional Head - Viber South Asia.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3132', 'image' => '20160410052312_viber.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 2 => array( 'Article' => array( 'id' => '3293', 'article_category_id' => '1', 'title' => 'Suzuki Baleno Launched in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. ', 'content' => '<p>April 10 : Suzuki has launched its premium hatchback Baleno in Nepal. “Suzuki has always brought world class vehicles for the Nepali customers and Baleno is expected to really well among the targeted demographic,” reads a press statement by the company. According to the company, the Suzuki Baleno will be available through new premium channel of CG | NXT GEN. </p> <p>The car comes with a 1.2 liter VVT Petrol engine with a mileage of 21.4 km/liter while delivering peak power of 84.3 Ps. “Dynamic, energetic and premium, Baleno is packed with features, many of them being offered for the first time in the premium hatchback segment,” claims the company. </p> <p>As per the company, Baleno has won praise from experts for its superior ride and handling, safety, fuel efficiency and low vehicle noise and harshness. “It is built on a brand new Suzuki TECT platform which is lighter by 100 kilogrammes, stronger by 10 percent and more rigid compared to existing platforms in the industry,” informs the company, adding, “At the introductory price announced by Suzuki today, Baleno offers substantially more value to customers and is set to redefine the premium hatchback segment in the country.”</p> <p>Baleno will be available for booking in all Suzuki outlets across Nepal with an introductory price starting from Rs 2.69 million. The distributor is also providing a special interest rate for finance of Suzuki Baleno to the customers. </p> <p>During the launch of the new Suzuki hatchback, Karan Chaudhary, Executive Director of CG Moto Corp said, “We are happy to announce the launch of Baleno in Nepal after its grand success in India. Baleno is a real global model. It comes with sophisticated design and advanced technology. It offers the best-in-class fuel efficiency in petrol. We're sure it will do really well in the market.”</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3131', 'image' => '20160410021729_Clipboard01.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '3292', 'article_category_id' => '1', 'title' => 'New Bajaj Avenger Motorbikes in Nepal', 'sub_title' => '', 'summary' => 'April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. ', 'content' => '<p>April 10 : Bajaj Motorcycles has launched the new Avenger range - Avenger 220 Cruise, 220 Street & 150 Street in Nepal. “The new Avenger series redefines the cruiser bike segment to offer unmatched international styling and cruising comfort,” the company said in a press statement. As per the company, Avenger 220 Cruise retains the classic cruiser comfort and looks while, the all-new Avenger Street range is designed for easy city riding. Meanwhile, the company said that the Avenger Street 150 has been introduced to bring the genuine cruiser experience to the large set of emerging 150cc users. </p> <p>The Avenger 220 Cruise comes with a liberal dose of chrome highlights thanks to a new radiator, redesigned side grabs, stylized silencer and an all new handlebar,” informs the company, adding, “The Avenger 220 Cruise comes with comfortable padded backrest and an optional windshield for easy cruising on highways.” </p> <p>“While the Cruise is chrome, the Avenger 220 Street is stealthier with a matte black and brushed silver finish,” reads the statement. Similarlt, the 150 Street comes in midnight blue. The Avenger Street has a new, lower and flatter handlebar for better maneuverability in city riding. </p> <p>The new Avenger motorbikes come with a brand new insignia, new graphics and styling cues, improved rear suspension, bright white light headlamps, clear lens indicators and low slung seats with thicker dual density foam. The Avenger 220 comes with Bajaj's 220 cc DTSi engine. The bike has an oil cooler to maintain engine oil temperature and viscosity. Similarly, the Avenger 150 Street comes with 150 cc DTSi engine, which according to the company, has been completely revised for this bike. As per the manufacturer, it delivers 14.5 PS of power and a torque of 12.5 Nm which is enhanced at low rpms.</p> <p>ShekharGolchha, Executive Director of HansrajHulaschand, the authorised distributor of Bajaj two wheelers in Nepal said, “One key factor on Bajaj leading this market is its focus on outstanding product design and its superior engine technology. And with this new addition to Avenger family, we shall again steer the conception of new industry segment and Avenger shall set the rules for others to follow. We are confident that Avenger will change the cruiser segment’s market.” <br /> The new Avenger range will be available in all Bajaj outlets across the country. Avenger 220 Cruise, 220 Street and 150 Street have been priced Rs 294,900, Rs 284,900 and Rs 249,900 respectively.</p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3130', 'image' => '20160410011123_dsdsa.jpg', 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '3291', 'article_category_id' => '34', 'title' => 'FPO Distribution of NIBL on April 12', 'sub_title' => '', 'summary' => 'April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. ', 'content' => '<p>April 10: Distribution of Further Public Offering (FPO) of Nepal Investment Bank Limited (NIBL) will take place on April 12. According to the Citizen Investment Trust (CIT), issue manager of the NIBL FPO, a model has been prepared to allocate 32 percent shares to small investors and 8.5 percent shares to big investors. </p> <p>The prepared model is subjected to an approval from Securities Board of Nepal (SEBON). The bylaws of SEBON define investors investing up to Rs 50,000 as small investors while, those who invest above Rs 50,000 are categorised big investors. Thus, as per the model prepared by CIT, investors applying for 83 units of share (investment up to Rs 50,000) will get 26 units of shares. Meanwhile, investors who have applied for 84 units of shares (investment of 51 thousands) will get 8 units of shares.</p> <p>NIBL on February 23 opened the FPO for an additional 9.69 million units of shares for general investors. The bank had issued FPO at the total price of Rs 601 which included actual price of Rs 100 plus premium of Rs 501. The FPO attracted more than Rs 35 billion of share applications. <br /> CIT has planned to refund un-allotted money to the investors in their respective NIBL accounts. While the trust is discussing on the refund of un-allotted money to the investors who have applied for the FPO with accounts in other banks. SEBON has so far directed concerned parties to refund such money in the accounts of any banks or through member banks of Nepal Clearing House Limited.</p> <p>After the FPO, NIBL’s paid up capital will increase to Rs 7.25 billion which is Rs 6.34 billion. Premium charged in FPO will be accumulated in the bank’s reserve fund which will have Rs 5 billion increase, thus, reaching to Rs 10 billion. The bank is likely to use the premium amount to distribute dividends which will help the bank easily meet the new capital requirement of Rs 8 billion as directed by Nepal Rastra Bank. </p> ', 'published' => true, 'created' => '2016-04-10', 'modified' => '2016-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '3129', 'image' => null, 'article_date' => '2016-04-10 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '3290', 'article_category_id' => '1', 'title' => 'Nescafe Gold Open Golf Tournament Arrives in Nepal', 'sub_title' => '', 'summary' => 'April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.', 'content' => '<p style="text-align: justify;">April 8: Gokarna Golf Club is organising ‘Nescafe Open Golf Tournament’ on Saturday. Nescafe Open Golf Tournament which is going to be organised for the first time in Nepal, is a well known tournament in India. “We are very pleased to organise this tournament for the first time in Nepal during the peak golf season,” says Deepak Acharya, Senior Golf Director of Gokarna Forest Resort. Sanjay Chokhani, Proprietor of Chokhani Entreprises, the importer of Nescafe said that the exciting participations of the players have maximised the hope of its continuation in the future.</p> <p style="text-align: justify;">According to organizers, the tournament will be held in Stableford Format giving 3 / 4 handicap with 18 holes. In the competition, there will be 90-100 players including males, females along with age groups over 60 and under 17. Similarly, four Indian players are also participating in the tournament.</p> <p style="text-align: justify;">The players in the tournament will be awarded as Winner, Runner Up, Best Gross, Ladies Winner, Ladies Runner Up, Senior Winner (above 60), Junior Winner, Longest Drive, Closest to the Pin and Most Birdies.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3128', 'image' => '20160408051733_nescafe.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 6 => array( 'Article' => array( 'id' => '3289', 'article_category_id' => '1', 'title' => 'Bhat-Bhateni’s New Store at Tripureshwor', 'sub_title' => '', 'summary' => 'April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.', 'content' => '<p style="text-align: justify;">April 8: Bhat-Bhateni Supermarket and Departmental Store is opening its 10th branch at World Trade Center, Tripureshwor in Kathmandu. The store is inaugurating in April 9, Saturday. The leading supermarket and departmental store chain in Nepal has total nine branches including eight at Kathmandu and one at Pokhara.</p> <p style="text-align: justify;">“On the occasion of opening of new store, we are providing 10 percent discount on readymade garments and other goods along with a 5 percent discount on alcoholic beverages of different brands,” the company informed in a press statement. </p> <p style="text-align: justify;">Like other stores of Bhat-Bhateni Supermarket, daily essentials goods including clothes, cosmetic, electronics, furniture, grocery items will be available in the Tripureshwore store. </p> <p style="text-align: justify;">Bhat-Bhateni Supermarket Chairman Min Bahadur Gurung believes that the operation of the new store will ease the shopping difficulties customers of the area. “Customer will get various items at reasonable prices,” says Gurung. According to him, the supermarket chain is planning to open two more branches outside the valley. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3127', 'image' => '20160408051259_bhat bhateni.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 7 => array( 'Article' => array( 'id' => '3288', 'article_category_id' => '1', 'title' => 'NTA 4G Service within Current FY', 'sub_title' => '', 'summary' => 'Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.', 'content' => '<p>Nepal Telecommunications Authority (NTA) is planning to introduce 4G service within the current fiscal year. As per the basis of technology neutrality policy, the telecom regulator is providing 4G frequency licenses to the service providers. Despite the high mobile penetration rate and fast growing mobility access in the recent years, Nepal has significantly lagged in terms of introducing faster mobile internet technology.</p> <p>With the development of technology in recent years, the 1800 band for 4G service is considered as the ‘golden band.’ Before this the determined band (700 and 2600 band) frequencies were distributed on the basis of auction. However, NTA is readying to give a go-ahead to the service providers to start 4G service using the ‘golden band’ frequency which would not be distributed on the basis of auction.</p> <p>Stating that the frequency in 900 band is not sufficient, NTA has already started distributing frequency on 1800 band for 2G and GSM networks. “The frequency of 1800 band has already been distributed due to which the auction is not possible,” says NTA Chairman Digambar Jha. The 4G service will starts from the current fiscal year with the policy decision on technology neutrality. ‘Technology neutrality’ refers to a policy arrangement which provides the facility to provide services using any kind of technology.</p> <p>“The preparations to introduce 4G technology has already started,” informs NTA Spokesperson Min Prasad Aryal. According to him, the authority has begun homework on minimum frequency bandwidth for 4G service, frequency to be provided for each telecom company and its minimum price, process of distribution along with the requirements for service providers.</p> <p><strong>4G service for 2 service providers only</strong></p> <p>NTA is permitting two service providers to start 4G services stating that the others are not functioning. With this, Nepal Telecom and Ncell can start 4G service for now. “However, service providers will have their 4G licenses revoked if they do not utilize their respective frequencies,” said a NTA source, adding, “Permission cannot be given for those who are not able to run the licensed services.”</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3126', 'image' => '20160408044924_4g.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 8 => array( 'Article' => array( 'id' => '3287', 'article_category_id' => '1', 'title' => 'Tele Two Cautions Customers on Grey Mobile Phones', 'sub_title' => '', 'summary' => 'April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets. The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.', 'content' => '<p style="text-align: justify;">April 8: Tele Two, the authorized distributor of Huawei mobile phones in Nepal has cautioned its customers from purchasing illegal and ‘Grey’ mobile handsets.</p> <p style="text-align: justify;">The company made its request public as the government is preparing mandatory registration of IMEI numbers of mobile phones from Baisakh to check the flow of illegal handsets in the domestic market. Tele Two asked its customers that they should not purchase unathorised Huawei handsets as these type of mobile phones do not carry official warranty. “These mobile phones also have problems in upgrading operating systems and network connectivity,” the company said in a press statement. The company suggested the customers to find out the originality of their handsets through IMEI number.</p> <p style="text-align: justify;">Company stated that while purchasing mobiles from authorised dealers, one can get official warranty card and can receive services from service centers. “In addition, this transaction is done through official VAT bill, thus the tax will be deposited in national revenue,” the company mentioned. Similarly, Tele Two informed that it will be accountable for the authorised phones as they have encrypted unique IMEI numbers.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3125', 'image' => '20160408044708_hua.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 9 => array( 'Article' => array( 'id' => '3286', 'article_category_id' => '1', 'title' => 'Investment growing by Rs 1 Billion a year in Pharmaceuticals Industry', 'sub_title' => '', 'summary' => 'April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year. ', 'content' => '<p style="text-align: justify;">April 8: With the rise in investments, the market of medicines produced in Nepal is also growing. As per the present trend, Nepali pharmaceutical industry is fetching additional Rs one billion investment annually. According to the Department of Drug Administration (DDA), two to five new pharmaceutical companies start operation every year.</p> <p style="text-align: justify;">A 2005 survey conducted by South Asia Watch on Trade, Economic and Environment (SAWTEE) found the market share of Nepali medicine at 30 percent of total domestic market. However, the market share has increased to 45 percent recently as informed by DDA.</p> <p style="text-align: justify;">At present, more than 250 pharmaceutical companies are registered in DDA. Among them, 98 companies comprising 45 Allopathic, 42 Ayurvedic and 7 Veterinary companies are in operation. </p> <p style="text-align: justify;">The DDA statistics shows that registration of new pharmaceutical companies is also growing. As per the drug market regulator, every year 8-10 pharmaceutical companies are registered. Data produced by DDA and Association of Pharmaceutical Producers of Nepal (APPON) reveals that Rs 30 billion has been invested in the domestic pharmaceutical industry so far, in which, total investment in allopathic pharmaceutical companies is Rs 18 billion.</p> <p style="text-align: justify;">According to industrialists, investment of Rs 200-400 million is required in Nepal to operate a pharmaceutical company. Deepak Pradhan, General Secretary of APPON says, “Significant increase in investments in pharmaceutical industry is resulting higher production.”</p> <p style="text-align: justify;">“Although Nepal has become self-reliant in general medicines, it still needs to import essential ones,” says Bal Krishna Khakurel, Director General of DDA. “Nevertheless, increase in domestic productions in the recent years is indicating a possibility of replacing imported medicines.” At present, Nepal requires medicines worth Rs 46 billion annually in which medicines worth Rs 21 billion are supplied by domestic companies.</p> <p style="text-align: justify;">Shankar Ghimire, President of APPON says, “Nepali pharmaceutical companies can share 80 percent of domestic market by 2025 if the government provides favourable environment to promote domestic medicine industry. Industrialists alone cannot promote the industry. Government should also extend its support through tax concessions and special relief packages.” “Government of some countries provides land free of cost to pharmaceutical companies for 10-15 years. With the support from the government, investments and production would rise and the country will become self-reliant in medicines.”</p> <p style="text-align: justify;">However, there is still dispute between pharmaceutical industrialists and the government regarding the implementation of maximum retail prices (MRPs) of medicines. The cabinet on July 6 approved MRPs of 96 medicines. But pharmaceutical producers have rejected the government fixed rates claiming the prices to be unreasonable in the present context.</p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3124', 'image' => '20160408040855_Pain_medication.jpeg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '15' ) ), (int) 10 => array( 'Article' => array( 'id' => '3285', 'article_category_id' => '1', 'title' => 'Remit Agreement between Mega Bank and Yes Bank of India', 'sub_title' => '', 'summary' => 'April 8 : Mega Bank has finalised remittance agreement with Yes Bank of India in a bid to provide easy remittance services to Nepali working in India. Rabina Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.', 'content' => '<p>April 8: Mega Bank has finalised remit agreement with Yes Bank of India in a bid to provide easy remittance services to Nepalis working in India. Raveena Deshraj Shrestha, Chief Business Officer of Mega Bank and Arun Agrawal, Group President of Yes Bank and Ritesh Pai, Senior President of Yes Bank signed the agreement on behalf of their respective organizations.</p> <p>After the agreement, Nepalis working across various part of India can send money through remittance service of Yes Bank. “We believe that the agreement will facilitate businessmen trading with India as well as middle class families of rural Nepal,” says Raveena Deshraj Shrestha.</p> <p>As per the agreement, Nepali workers can send remittance from 11,000 agents of Yes Money Services. The money can be received through any branches of Mega Bank or agents in Nepal. Mega Bank has 30 branch offices, 53 branchless banking services and 1,350 remit agents. Mega bank, with their slogan ‘Halo Dekhi Hydro Samma’, provides remit services in collaboration with banks and exchanges houses of different countries such as Qatar, UAE, Bahrain, Malaysia, Japan and Australia. </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3123', 'image' => '20160408112243_Clipboard04.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '3284', 'article_category_id' => '1', 'title' => 'Ekta Development Bank Opens 2 New Branches', 'sub_title' => '', 'summary' => 'April 8 : Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan. With the opening of these branches, Ekta now serve its’ customers through 14 branches in various part of the country.', 'content' => '<p style="text-align: justify;">April 8: Ekta Development Bank, prioritising rural finance, has opened two new branches in Srinagar and Tharmare of Salyan district. With the opening of the branches, the bank now has 14 branches in various part of the country.</p> <p style="text-align: justify;">Dr Dhruba Lal Dhakal, Chairman of the bank and Sudan Shrestha, Chairman of Chamber of Commerce and Industry, Salyan jointly inaugurated the Srinagar branch. Similarly, Tek Bahadur Basnet, Member of Constitutional Assembly and Govinda Rijal, Chief District Officer jointly inaugurated the Tharmare branch.</p> <p style="text-align: justify;">Established in 2011, Ekta Bank has authorised capital of Rs 400 million and paid-up capital of Rs 227.7 million. Bank is serving more than 35,000 customers. The Bank is in process to merge with Siddhartha Development Bank and Nepal Aawas Finance to meet the new capital requirement for BFIs implemented by the Nepal Rastra Bank (NRB). The merger proposal has already been endorsed by the bank’s AGM, while it is subjected to approval from NRB.</p> <p style="text-align: justify;"> </p> <p style="text-align: justify;"> </p> ', 'published' => true, 'created' => '2016-04-08', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3122', 'image' => '20160408112151_Clipboard05.jpg', 'article_date' => '2016-04-08 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '3283', 'article_category_id' => '34', 'title' => 'SEBON Directs to Reimburse Money in 4 Days', 'sub_title' => '', 'summary' => 'April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.', 'content' => '<p style="text-align:justify">April 7: SEBON has directed all brokers and share traders to implement automated system in payment of trading money. Earlier, SEBON had directed all concerned parties to settle the trading money within four days of the transactions.</p> <p style="text-align:justify">SEBON has inspected three broker companies after it received complaints from investors of delays in settling trading money even after implementation of automated system that have made payments within four days mandatory.</p> <p style="text-align:justify">SEBON inspected Broker no. 50 Cristal Kanchanjungha Securities, Broker no. 46 Kalika Securities and Broker no. 16 Primo Securities. During the inspection, SEBON find out that the brokers make untimely payment to investors. Thus, SEBON has directed brokers to make payment in time and implement full-fledged automated system in clearance of share transactions. </p> <p style="text-align:justify"> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-08', 'keywords' => '', 'description' => '', 'sortorder' => '3121', 'image' => '20160407053501_sebon.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ), (int) 13 => array( 'Article' => array( 'id' => '3282', 'article_category_id' => '1', 'title' => 'MK Autoworks at Sinamangal', 'sub_title' => '', 'summary' => 'April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6.', 'content' => '<p>April 7 : Balaju Autowoks, authorized service center of Mahindra vehicles has opened new service facility at Sinamangal. The service centre, MK Autoworks, is located near Sinamangal petrol pump. Cabinet Shrestha, Managing Director of Agni Group and Sanjay Jadav, Vice President and Head of International Operations (AFS) - South Asia inaugurated the service centre on April 6. According to Balaju Autoworks, the new auto workshop will provide quality service at an ease to the customers. As per the company, its service will be available for 7 days/ week and 24 hours.</p> <p>The company also mentioned that it will provide on-the-spot vehicle repair service. Similarly, customers can also have the facility of pick up and drop for car servicing and special discount on car washing.</p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3120', 'image' => '20160407035956_Clipboard02.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 14 => array( 'Article' => array( 'id' => '3281', 'article_category_id' => '1', 'title' => 'NB Insurance Enters D-Mat system', 'sub_title' => '', 'summary' => 'April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose.', 'content' => '<p>April 7: NB Insurance will have its shares dematerialised. The company has made an agreement to enter the D-Mat system with CDS and Clearing Ltd for the purpose. </p> <p>On behalf of their respective organizations, Ugesh Bhakta Bade Shrestha, Acting CEO of NB Insurance and Dev Prakash Gupta, CEO of CDSC signed the agreement.</p> <p>Similarly, Paras Mani Dhakal, CEO of Global IME Capital signed the agreement as the share registrar. After the agreement, shareholders of NB insurance will have to dematerialised their shares. NB Insurance’s shareholders have to apply for d-mating of their shares in the assigned DP (deposit collectors).</p> <p> </p> ', 'published' => true, 'created' => '2016-04-07', 'modified' => '2016-04-07', 'keywords' => '', 'description' => '', 'sortorder' => '3119', 'image' => '20160407034354_nb insurance.jpg', 'article_date' => '2016-04-07 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '16' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
