Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
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			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
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		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
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		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
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		'Article' => array(
			'id' => '3140',
			'article_category_id' => '91',
			'title' => ' British Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 17 :  Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. ',
			'content' => '<p>March 17 : &nbsp;Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. He said this at a programme organized by Nepal Chamber of Commerce (NCC) on 16 March in which delegates from Britain-Nepal Chamber of Commerce (BNCC) were present.</p>

<p>Speaking in the program Bohara asked the British investors to invest in energy, physical infrastructures, tourism, agriculture, education and health sectors as Nepal&rsquo;s products have market in India and China.<br />
&nbsp;<br />
The British investors, currently in a visit to Nepal, say they are interested to invest in Nepal. On behalf of the British investors, Richard Pely however added, &quot;It will be easy to invest if there is an investment friendly environment developed. We are here with an aim to identify areas of investment.&quot;&nbsp;</p>

<p>Rajen Kandel, Chairman of Britain-Nepal Chamber of Commerce (BNCC) asked the Nepal government to ease visa system and create investment friendly environment.&nbsp;</p>

<p>On the occasion, NCC President Rajesh Kaji Shrestha said that Nepali private sector will be excited to work with the British private sector in large scale projects in Nepal.</p>

<p>A Memorandum of Understanding (MOU) for the joint private investment was signed between two parties in the same programme.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2979',
			'image' => '20160317041119_l;kfd;dfk;ldskfd;l.jpg',
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		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2978',
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			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2977',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
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			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2975',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3135',
			'article_category_id' => '1',
			'title' => 'Consumers’ Welfare Protection Division in the Offing',
			'sub_title' => '',
			'summary' => 'March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31st World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.',
			'content' => '<p>March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31<sup>st</sup> World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.</p>

<p>Emphasizing on the seriousness of the government on protecting consumers&rsquo; rights, Minister Pun said, &ldquo;we will not tolerate black marketeering,&rdquo; and added that the government is preparing to start some initiatives soon for monitoring supplies and distribution of consumer goods. He further said that the government is also preparing to launch Consumer Awareness Programme throughout the country with intensive and integrated manner in each district.</p>

<p>Minister Pun also informed that the government is preparing to set up a Consumer Court.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2974',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
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	(int) 9 => array(
		'Article' => array(
			'id' => '3134',
			'article_category_id' => '1',
			'title' => 'Dispute soars between SEBON and NEPSE ',
			'sub_title' => '',
			'summary' => 'March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to  Citizen Investment Trust (CIT). ',
			'content' => '<p>March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to&nbsp; Citizen Investment Trust (CIT). Broker-dealers are allowed to trade securities on its own account as well as on behalf of the client.&nbsp; &#39;The Trust has sent a request soliciting broker-dealership but NEPSE has not given its recommendation yet which is causing the setback&#39;, informed a source at SEBON.</p>

<p>However, NEPSE source has denied it attributing the delay in recommendation to techincal problem. Sitaram Thapaliya, General Manager of NEPSE says, &#39;recommendation is not an issue, but due to lack of infrasturcture for such arrangment is the problem.&rsquo; He explained that absence of a separate window (digital space for trading) required for broker-dealer is the main cause of the delay and work is progressing to create such an window.</p>

<p>SEBON source claims that NEPSE is delaying the recommendation as NEPSE wants to give such dealership to existing stock brokers.</p>

<p>&#39;As the brokers have been given two log-in facilities, it should not be aproblem to give one log-in facility to CIT. After that it will be enough if daily inspection is carried out to ascertian whether CIT is trading on its own account only&rsquo;, argued the SEBON source.</p>

<p>Board source also argues that as there are about 5 thousand transactions taking place on NEPSE, the proposed broker-dealer may carry out a maximum of 500 transaction which may not need electronic monitoring. Monitoring of so few transactions can be done even manually, goes the argument. Most of the high-officials of the Board share this argument.</p>

<p>But NEPSE source argues that as D-mat trading is already started, manual clearing might be problematic.</p>

<p>Meanwhile, CIT wants to get market experience by obtaining broker-dealership before starting to function as market maker or institutional investor.</p>

<p>Can a Stock Broker be a Dealer as well?</p>

<p>In many other countries, stock borkers themselves function as broker-dealers.&nbsp; In Nepal, though, due to low capital base of the brokers and issues related to transperancy, the Board and a numbe rof investors view that the stock brokers should not be given such duties. &#39;Presently there are complaints that the stock brokers are giving higher priorty to transact deals on shares held by themselves on their own or their friends and families if there is higher price gained in the transaction. Thus if they are given the freedom to trade for themselves, they may act in more irresponsible manner in the transactions of shares of general investors,&rsquo; argued the Board source.</p>

<p>NEPSE has&nbsp; taken actions against Arun Securities for their irresponsible behaviour in transactions of shares held by general investors. Investors point out that such irresponsible behaviour of the brokers will get further encouraged once they get such permission. &nbsp;They view that as the brokers now have only Rs. 2 million as paid up capital, they should not be given dealership now. But this can be reviewd later when their capital increases, they argue.</p>

<p>Meanwhile, on Tuesday, the Board has issued directive to NEPSE to adopt internationally practiced technologies. The directive states that the directive is issued because internationally recognized &lsquo;tested&rsquo; system is required in order to attract foreign investors and non-residence Nepalis in the Nepali capital market.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2973',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3133',
			'article_category_id' => '1',
			'title' => 'Focus of all should be on economic prosperity: Vice President',
			'sub_title' => '',
			'summary' => 'March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.  The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal ',
			'content' => '<p>March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.</p>

<p>The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal in wushu in the South Asian Games held last month in India. The programme was organised by the Magar Service Society here today.</p>

<p>On the occasion, Vice President Pun also underscored the need of forging unity among all the Nepalis for building a prosperous Nepal.</p>

<p>&quot;We are on a mission to fulfilling the aspirations for durable peace, good-governance, development and prosperity by means of a democratic republicanism,&quot; he said.</p>

<p>Vice President Pun also asserted that political achievements have been institutionalised to a great extent with the promulgation of the new constitution, while underlining the need of addressing the issues that are being voiced by certain sections without undermining the country&#39;s independence, sovereignty, territorial integrity, nationality, self-respect and dignity.</p>

<p>The Vice President appreciated Gharti for enhancing nation&#39;s pride and wished her success in the coming days as well. RSS</p>
',
			'published' => true,
			'created' => '2016-03-13',
			'modified' => '2016-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2972',
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			'article_date' => '2016-03-13 00:00:00',
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		'Article' => array(
			'id' => '3132',
			'article_category_id' => '1',
			'title' => 'PAC's attention drawn over fuel pricing',
			'sub_title' => '',
			'summary' => 'March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market. ',
			'content' => '<p>March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market.&nbsp;</p>

<p>Committee Secretary Som Bahadur Thapa wrote to the Ministry of Supply seeking details with clarification on the base of the decision, worth and purpose within the next three days.&nbsp;</p>

<p>The Committee has drawn the attention of the Supply Ministry towards the difficulties the consumers would face when fixing different rates and the negative impact on socio-economic scenario. RSS&nbsp;</p>
',
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			'created' => '2016-03-11',
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			'sortorder' => '2971',
			'image' => '20160311043903_nepal-oil.jpg',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3130',
			'article_category_id' => '1',
			'title' => 'New economic opportunities: Women’s entrepreneurship in the HKH ',
			'sub_title' => '',
			'summary' => 'On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women’s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. ',
			'content' => '<p style="text-align:center">A woman entrepreneur sells her produce at the Hariyo Hira Cooperative in Surkhet, Nepal. Photo: Meekha Tuladhar/SNV Nepal</p>

<p><em><strong>- By Dr Kamala Gurung and Dr Pranita Bhushan Udas</strong></em></p>

<blockquote>
<p>&ldquo;I seek training, not for me, but for my family members, so that they understand what I am doing when I go out of the home to attend trainings, sell the product, and liaise with traders and officers.&rdquo;<br />
&ndash; Female vegetable farmer, representative of the multipurpose cooperative, Surkhet Nepal</p>
</blockquote>

<p>On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women&rsquo;s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. Women&rsquo;s economic empowerment has been an important agenda for achieving women&rsquo;s emancipation and equality. Women&rsquo;s economic empowerment also has benefits for family wellbeing and health. Women with access to economic opportunities have expressed increased self-esteem, dignity, independence, enhanced capacities, and empowerment.</p>

<p>The Hindu Kush Himalayan (HKH) region is dominated by agrarian communities with a large rural population engaged in subsistence agroforestry-livestock-based production on increasingly fragmented landholdings. Agroforestry-based enterprises&nbsp; (such as Non-Timber Forest Products) are considered a primary means of reducing poverty and achieving food security by enhancing economic opportunities in HKH communities. Development initiatives to enhance women&rsquo;s economic opportunities, such as the Kailash Sacred Landscape Conservation and Development Initiative (KSLCDI) in India, Nepal, and Tibet Autonomous Regions (TAR); the Kangchenjunga Landscape Conservation and Development Initiative (KLCDI) in Bhutan, India, and Nepal; and the High Value Agriculture Project (HVAP) in the hills and mountains of Nepal, have shown that women want to become involved in enterprises. For instance, the majority of vegetable farming enterprises in these projects and initiatives are handled by women. Women are actively involved from farming to selling their products and have control over the income generated. Women also contribute significantly to cottage and small-scale enterprises and are commonly employed in processing enterprises. Women&rsquo;s involvement in economic activities enhances their capacity, skills related to micro-enterprises and decision-making authority, as well as social networks. However, these women face challenges, such as lower prices for their products, mobility constraints due to socio-cultural norms, safety issues, and difficulties juggling work and household responsibilities, among other things. Such challenges raise concerns about women&rsquo;s equal participation, especially in decision-making processes. ICIMOD, along with its partners, is working to address such challenges to promote gender equality through entrepreneurship development in the HKH region.</p>

<p>Micro, small, and medium-sized enterprises have been recognized as a crucial way of promoting women&rsquo;s economic empowerment to overcome poverty and gender inequity. There are multiple benefits to women&rsquo;s increased economic empowerment through the promotion of entrepreneurship including, for instance, increased mobility, the creation of women&rsquo;s networks, and building solidarity among women to help them to raise their voices and influence the development agenda. Women&rsquo;s economic empowerment is also critical to achieving gender equality, goal five of the 2030 Agenda for Sustainable Development. To take this forward, in some places, training on &lsquo;visioning&rsquo; for family enterprises has helped women to be fully engaged with their enterprises.<br />
Rural women increasingly run their own enterprises, are bread winners for their families, and probably also the &lsquo;bread makers&rsquo;. However, their real entrepreneurial potential remains largely untapped for three principal reasons: social norms and traditional values, inadequate access to financial services, and inadequate business skills and access to markets.<br />
Social norms and traditional values hold women back from fully participating in economic activities. Social norms and traditional patriarchal systems continue to create a barrier to women&rsquo;s full participation in economic activities. Often women&rsquo;s abilities and potential are undervalued and questioned. Women&rsquo;s networks and associations have the potential to increase women&rsquo;s self-esteem and their access to a range of services. For instance, self-help groups are an example of a &lsquo;group approach&rsquo; to bringing rural women together across the HKH region for economic and social empowerment. Such groups can provide a platform for business networking, sharing ideas, contacts and news, and securing future business opportunities. However, women may be inhibited in networking in associations and chambers of commerce, as these are primarily male domains.</p>

<p><strong>Inadequate access to financial services</strong>&nbsp;is another stumbling block for women, despite the success of micro credit organizations across the HKH. For instance, in Bangladesh, the average credit received from NGOs by women is about Bangladeshi taka (BDT) 14,700 (USD 204), which is&nbsp;not enough to invest in business.&nbsp;With respect to access to loans from the banking sector, women entrepreneurs identified lack of capital and assets as obstacles. Financial institutions are generally unaware of the Bangladesh Bank&#39;s refinancing scheme for women.</p>

<p><strong>Inadequate business skills</strong>&nbsp;<strong>and lack of access to markets</strong>&nbsp;also hinder the growth of women&rsquo;s enterprises. The major obstacles identified by women entrepreneurs include a lack of skills in entrepreneurship and product development, as well as insufficient training, both theoretical and practical, in marketing. Women are less likely to have a business-related education background, which is an important determinant of entrepreneurial success. Improving women&rsquo;s access to markets can also help expand their business and customer base.</p>

<p>It is crucial to address these social and economic constraints on women&rsquo;s entrepreneurship and economic empowerment&nbsp;through research, advocacy, and policy interventions in order to help women in producing, marketing, connecting, and leading enterprises towards achieving gender equality.</p>

<p><em>Dr Kamala Gurung (</em><a href="mailto:kamala.gurung@icimod.org" target="_blank"><em>kamala.gurung@icimod.org</em></a><em>) is Gender and NRM Specialist and Dr Pranita Bhushan Udas (<a href="mailto:pranita.udas@icimod.org" target="_blank">pranita.udas@icimod.org</a>) is Gender, Water and Adaptation Specialist in the Livelihoods Theme, at the International Centre for Integrated Mountain Development, ICIMOD.</em></p>

<p style="text-align:center">&nbsp;</p>
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		'Article' => array(
			'id' => '3129',
			'article_category_id' => '1',
			'title' => 'Devotees queuing up in Pashupati from early morning',
			'sub_title' => '',
			'summary' => 'March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.',
			'content' => '<p>March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.</p>

<p>Though there was serpentine queue of devotees since 1.00 am today the four doors of the temple were opened at 2:45 am only. An arrangement has been made for devotees to enter the main temple from four gates, said Member Secretary of Pashupati Area Development Trust (PADT), Dr Govinda Tandan. As per the system, the devotees would use the same door to enter the temple and come out after worshiping.</p>

<p>Around 1.1 million devotees are expected to visit Pashupatinath on the occasion of Shivaratri this year, Dr Tandan added.</p>

<p>The Indian visitors thronging to the temple is visibly high this year, said Nepal-India Friendship Council Chairperson Suresh Thakur.</p>

<p>Various volunteer organizations are organizing free health camp, free tea and meal programme at Pashupatinath Temple to serve revelers on the special day. RSS</p>
',
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			'created' => '2016-03-07',
			'modified' => '2016-03-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2969',
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		'Article' => array(
			'id' => '3128',
			'article_category_id' => '1',
			'title' => 'Goods confiscated',
			'sub_title' => '',
			'summary' => 'March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.',
			'content' => '<p style="text-align: justify;">March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.</p>

<p style="text-align: justify;">The textiles were being brought from Pashupatinagar of Ilam to Jhapa on the basis of fake VAT bills, according to the police.</p>

<p style="text-align: justify;">While carrying out a checking on the Mechi Highway at Shantinagar-6, Jhapa, police found fake VAT bills of 13 rolls of textiles loaded in the van. The van and the cloth has been sent to the Revenue Investigation Office, Itahari for further action, police said.</p>

<p style="text-align: justify;">Meanwhile, police on Thursday handed over to the Mechi Customs Office a large quantity of dried betel nuts and the brooms that it confiscated while it was being smuggled out towards India. The goods were being smuggled out hidden inside a truck, it is stated.</p>

<p style="text-align: justify;">Police had confiscated the brooms and 274 sacks filled with dried betel nut from a truck on Wednesday. RSS&nbsp;</p>
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		'Article' => array(
			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
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			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
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		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
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			'article_date' => '2016-03-18 00:00:00',
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			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
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			'article_date' => '2016-03-18 00:00:00',
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		'Article' => array(
			'id' => '3140',
			'article_category_id' => '91',
			'title' => ' British Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 17 :  Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. ',
			'content' => '<p>March 17 : &nbsp;Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. He said this at a programme organized by Nepal Chamber of Commerce (NCC) on 16 March in which delegates from Britain-Nepal Chamber of Commerce (BNCC) were present.</p>

<p>Speaking in the program Bohara asked the British investors to invest in energy, physical infrastructures, tourism, agriculture, education and health sectors as Nepal&rsquo;s products have market in India and China.<br />
&nbsp;<br />
The British investors, currently in a visit to Nepal, say they are interested to invest in Nepal. On behalf of the British investors, Richard Pely however added, &quot;It will be easy to invest if there is an investment friendly environment developed. We are here with an aim to identify areas of investment.&quot;&nbsp;</p>

<p>Rajen Kandel, Chairman of Britain-Nepal Chamber of Commerce (BNCC) asked the Nepal government to ease visa system and create investment friendly environment.&nbsp;</p>

<p>On the occasion, NCC President Rajesh Kaji Shrestha said that Nepali private sector will be excited to work with the British private sector in large scale projects in Nepal.</p>

<p>A Memorandum of Understanding (MOU) for the joint private investment was signed between two parties in the same programme.</p>
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			'created' => '2016-03-17',
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			'sortorder' => '2979',
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		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
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			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
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			'sortorder' => '2977',
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		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
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			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
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		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
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			'description' => '',
			'sortorder' => '2975',
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			'article_date' => '2016-03-17 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3135',
			'article_category_id' => '1',
			'title' => 'Consumers’ Welfare Protection Division in the Offing',
			'sub_title' => '',
			'summary' => 'March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31st World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.',
			'content' => '<p>March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31<sup>st</sup> World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.</p>

<p>Emphasizing on the seriousness of the government on protecting consumers&rsquo; rights, Minister Pun said, &ldquo;we will not tolerate black marketeering,&rdquo; and added that the government is preparing to start some initiatives soon for monitoring supplies and distribution of consumer goods. He further said that the government is also preparing to launch Consumer Awareness Programme throughout the country with intensive and integrated manner in each district.</p>

<p>Minister Pun also informed that the government is preparing to set up a Consumer Court.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2974',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3134',
			'article_category_id' => '1',
			'title' => 'Dispute soars between SEBON and NEPSE ',
			'sub_title' => '',
			'summary' => 'March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to  Citizen Investment Trust (CIT). ',
			'content' => '<p>March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to&nbsp; Citizen Investment Trust (CIT). Broker-dealers are allowed to trade securities on its own account as well as on behalf of the client.&nbsp; &#39;The Trust has sent a request soliciting broker-dealership but NEPSE has not given its recommendation yet which is causing the setback&#39;, informed a source at SEBON.</p>

<p>However, NEPSE source has denied it attributing the delay in recommendation to techincal problem. Sitaram Thapaliya, General Manager of NEPSE says, &#39;recommendation is not an issue, but due to lack of infrasturcture for such arrangment is the problem.&rsquo; He explained that absence of a separate window (digital space for trading) required for broker-dealer is the main cause of the delay and work is progressing to create such an window.</p>

<p>SEBON source claims that NEPSE is delaying the recommendation as NEPSE wants to give such dealership to existing stock brokers.</p>

<p>&#39;As the brokers have been given two log-in facilities, it should not be aproblem to give one log-in facility to CIT. After that it will be enough if daily inspection is carried out to ascertian whether CIT is trading on its own account only&rsquo;, argued the SEBON source.</p>

<p>Board source also argues that as there are about 5 thousand transactions taking place on NEPSE, the proposed broker-dealer may carry out a maximum of 500 transaction which may not need electronic monitoring. Monitoring of so few transactions can be done even manually, goes the argument. Most of the high-officials of the Board share this argument.</p>

<p>But NEPSE source argues that as D-mat trading is already started, manual clearing might be problematic.</p>

<p>Meanwhile, CIT wants to get market experience by obtaining broker-dealership before starting to function as market maker or institutional investor.</p>

<p>Can a Stock Broker be a Dealer as well?</p>

<p>In many other countries, stock borkers themselves function as broker-dealers.&nbsp; In Nepal, though, due to low capital base of the brokers and issues related to transperancy, the Board and a numbe rof investors view that the stock brokers should not be given such duties. &#39;Presently there are complaints that the stock brokers are giving higher priorty to transact deals on shares held by themselves on their own or their friends and families if there is higher price gained in the transaction. Thus if they are given the freedom to trade for themselves, they may act in more irresponsible manner in the transactions of shares of general investors,&rsquo; argued the Board source.</p>

<p>NEPSE has&nbsp; taken actions against Arun Securities for their irresponsible behaviour in transactions of shares held by general investors. Investors point out that such irresponsible behaviour of the brokers will get further encouraged once they get such permission. &nbsp;They view that as the brokers now have only Rs. 2 million as paid up capital, they should not be given dealership now. But this can be reviewd later when their capital increases, they argue.</p>

<p>Meanwhile, on Tuesday, the Board has issued directive to NEPSE to adopt internationally practiced technologies. The directive states that the directive is issued because internationally recognized &lsquo;tested&rsquo; system is required in order to attract foreign investors and non-residence Nepalis in the Nepali capital market.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
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			'sortorder' => '2973',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3133',
			'article_category_id' => '1',
			'title' => 'Focus of all should be on economic prosperity: Vice President',
			'sub_title' => '',
			'summary' => 'March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.  The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal ',
			'content' => '<p>March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.</p>

<p>The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal in wushu in the South Asian Games held last month in India. The programme was organised by the Magar Service Society here today.</p>

<p>On the occasion, Vice President Pun also underscored the need of forging unity among all the Nepalis for building a prosperous Nepal.</p>

<p>&quot;We are on a mission to fulfilling the aspirations for durable peace, good-governance, development and prosperity by means of a democratic republicanism,&quot; he said.</p>

<p>Vice President Pun also asserted that political achievements have been institutionalised to a great extent with the promulgation of the new constitution, while underlining the need of addressing the issues that are being voiced by certain sections without undermining the country&#39;s independence, sovereignty, territorial integrity, nationality, self-respect and dignity.</p>

<p>The Vice President appreciated Gharti for enhancing nation&#39;s pride and wished her success in the coming days as well. RSS</p>
',
			'published' => true,
			'created' => '2016-03-13',
			'modified' => '2016-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2972',
			'image' => null,
			'article_date' => '2016-03-13 00:00:00',
			'homepage' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3132',
			'article_category_id' => '1',
			'title' => 'PAC's attention drawn over fuel pricing',
			'sub_title' => '',
			'summary' => 'March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market. ',
			'content' => '<p>March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market.&nbsp;</p>

<p>Committee Secretary Som Bahadur Thapa wrote to the Ministry of Supply seeking details with clarification on the base of the decision, worth and purpose within the next three days.&nbsp;</p>

<p>The Committee has drawn the attention of the Supply Ministry towards the difficulties the consumers would face when fixing different rates and the negative impact on socio-economic scenario. RSS&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-11',
			'modified' => '2016-03-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2971',
			'image' => '20160311043903_nepal-oil.jpg',
			'article_date' => '2016-03-11 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3130',
			'article_category_id' => '1',
			'title' => 'New economic opportunities: Women’s entrepreneurship in the HKH ',
			'sub_title' => '',
			'summary' => 'On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women’s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. ',
			'content' => '<p style="text-align:center">A woman entrepreneur sells her produce at the Hariyo Hira Cooperative in Surkhet, Nepal. Photo: Meekha Tuladhar/SNV Nepal</p>

<p><em><strong>- By Dr Kamala Gurung and Dr Pranita Bhushan Udas</strong></em></p>

<blockquote>
<p>&ldquo;I seek training, not for me, but for my family members, so that they understand what I am doing when I go out of the home to attend trainings, sell the product, and liaise with traders and officers.&rdquo;<br />
&ndash; Female vegetable farmer, representative of the multipurpose cooperative, Surkhet Nepal</p>
</blockquote>

<p>On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women&rsquo;s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. Women&rsquo;s economic empowerment has been an important agenda for achieving women&rsquo;s emancipation and equality. Women&rsquo;s economic empowerment also has benefits for family wellbeing and health. Women with access to economic opportunities have expressed increased self-esteem, dignity, independence, enhanced capacities, and empowerment.</p>

<p>The Hindu Kush Himalayan (HKH) region is dominated by agrarian communities with a large rural population engaged in subsistence agroforestry-livestock-based production on increasingly fragmented landholdings. Agroforestry-based enterprises&nbsp; (such as Non-Timber Forest Products) are considered a primary means of reducing poverty and achieving food security by enhancing economic opportunities in HKH communities. Development initiatives to enhance women&rsquo;s economic opportunities, such as the Kailash Sacred Landscape Conservation and Development Initiative (KSLCDI) in India, Nepal, and Tibet Autonomous Regions (TAR); the Kangchenjunga Landscape Conservation and Development Initiative (KLCDI) in Bhutan, India, and Nepal; and the High Value Agriculture Project (HVAP) in the hills and mountains of Nepal, have shown that women want to become involved in enterprises. For instance, the majority of vegetable farming enterprises in these projects and initiatives are handled by women. Women are actively involved from farming to selling their products and have control over the income generated. Women also contribute significantly to cottage and small-scale enterprises and are commonly employed in processing enterprises. Women&rsquo;s involvement in economic activities enhances their capacity, skills related to micro-enterprises and decision-making authority, as well as social networks. However, these women face challenges, such as lower prices for their products, mobility constraints due to socio-cultural norms, safety issues, and difficulties juggling work and household responsibilities, among other things. Such challenges raise concerns about women&rsquo;s equal participation, especially in decision-making processes. ICIMOD, along with its partners, is working to address such challenges to promote gender equality through entrepreneurship development in the HKH region.</p>

<p>Micro, small, and medium-sized enterprises have been recognized as a crucial way of promoting women&rsquo;s economic empowerment to overcome poverty and gender inequity. There are multiple benefits to women&rsquo;s increased economic empowerment through the promotion of entrepreneurship including, for instance, increased mobility, the creation of women&rsquo;s networks, and building solidarity among women to help them to raise their voices and influence the development agenda. Women&rsquo;s economic empowerment is also critical to achieving gender equality, goal five of the 2030 Agenda for Sustainable Development. To take this forward, in some places, training on &lsquo;visioning&rsquo; for family enterprises has helped women to be fully engaged with their enterprises.<br />
Rural women increasingly run their own enterprises, are bread winners for their families, and probably also the &lsquo;bread makers&rsquo;. However, their real entrepreneurial potential remains largely untapped for three principal reasons: social norms and traditional values, inadequate access to financial services, and inadequate business skills and access to markets.<br />
Social norms and traditional values hold women back from fully participating in economic activities. Social norms and traditional patriarchal systems continue to create a barrier to women&rsquo;s full participation in economic activities. Often women&rsquo;s abilities and potential are undervalued and questioned. Women&rsquo;s networks and associations have the potential to increase women&rsquo;s self-esteem and their access to a range of services. For instance, self-help groups are an example of a &lsquo;group approach&rsquo; to bringing rural women together across the HKH region for economic and social empowerment. Such groups can provide a platform for business networking, sharing ideas, contacts and news, and securing future business opportunities. However, women may be inhibited in networking in associations and chambers of commerce, as these are primarily male domains.</p>

<p><strong>Inadequate access to financial services</strong>&nbsp;is another stumbling block for women, despite the success of micro credit organizations across the HKH. For instance, in Bangladesh, the average credit received from NGOs by women is about Bangladeshi taka (BDT) 14,700 (USD 204), which is&nbsp;not enough to invest in business.&nbsp;With respect to access to loans from the banking sector, women entrepreneurs identified lack of capital and assets as obstacles. Financial institutions are generally unaware of the Bangladesh Bank&#39;s refinancing scheme for women.</p>

<p><strong>Inadequate business skills</strong>&nbsp;<strong>and lack of access to markets</strong>&nbsp;also hinder the growth of women&rsquo;s enterprises. The major obstacles identified by women entrepreneurs include a lack of skills in entrepreneurship and product development, as well as insufficient training, both theoretical and practical, in marketing. Women are less likely to have a business-related education background, which is an important determinant of entrepreneurial success. Improving women&rsquo;s access to markets can also help expand their business and customer base.</p>

<p>It is crucial to address these social and economic constraints on women&rsquo;s entrepreneurship and economic empowerment&nbsp;through research, advocacy, and policy interventions in order to help women in producing, marketing, connecting, and leading enterprises towards achieving gender equality.</p>

<p><em>Dr Kamala Gurung (</em><a href="mailto:kamala.gurung@icimod.org" target="_blank"><em>kamala.gurung@icimod.org</em></a><em>) is Gender and NRM Specialist and Dr Pranita Bhushan Udas (<a href="mailto:pranita.udas@icimod.org" target="_blank">pranita.udas@icimod.org</a>) is Gender, Water and Adaptation Specialist in the Livelihoods Theme, at the International Centre for Integrated Mountain Development, ICIMOD.</em></p>

<p style="text-align:center">&nbsp;</p>
',
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			'created' => '2016-03-07',
			'modified' => '2016-03-09',
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			'sortorder' => '2970',
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	(int) 13 => array(
		'Article' => array(
			'id' => '3129',
			'article_category_id' => '1',
			'title' => 'Devotees queuing up in Pashupati from early morning',
			'sub_title' => '',
			'summary' => 'March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.',
			'content' => '<p>March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.</p>

<p>Though there was serpentine queue of devotees since 1.00 am today the four doors of the temple were opened at 2:45 am only. An arrangement has been made for devotees to enter the main temple from four gates, said Member Secretary of Pashupati Area Development Trust (PADT), Dr Govinda Tandan. As per the system, the devotees would use the same door to enter the temple and come out after worshiping.</p>

<p>Around 1.1 million devotees are expected to visit Pashupatinath on the occasion of Shivaratri this year, Dr Tandan added.</p>

<p>The Indian visitors thronging to the temple is visibly high this year, said Nepal-India Friendship Council Chairperson Suresh Thakur.</p>

<p>Various volunteer organizations are organizing free health camp, free tea and meal programme at Pashupatinath Temple to serve revelers on the special day. RSS</p>
',
			'published' => true,
			'created' => '2016-03-07',
			'modified' => '2016-03-07',
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			'description' => '',
			'sortorder' => '2969',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3128',
			'article_category_id' => '1',
			'title' => 'Goods confiscated',
			'sub_title' => '',
			'summary' => 'March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.',
			'content' => '<p style="text-align: justify;">March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.</p>

<p style="text-align: justify;">The textiles were being brought from Pashupatinagar of Ilam to Jhapa on the basis of fake VAT bills, according to the police.</p>

<p style="text-align: justify;">While carrying out a checking on the Mechi Highway at Shantinagar-6, Jhapa, police found fake VAT bills of 13 rolls of textiles loaded in the van. The van and the cloth has been sent to the Revenue Investigation Office, Itahari for further action, police said.</p>

<p style="text-align: justify;">Meanwhile, police on Thursday handed over to the Mechi Customs Office a large quantity of dried betel nuts and the brooms that it confiscated while it was being smuggled out towards India. The goods were being smuggled out hidden inside a truck, it is stated.</p>

<p style="text-align: justify;">Police had confiscated the brooms and 274 sacks filled with dried betel nut from a truck on Wednesday. RSS&nbsp;</p>
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		'Article' => array(
			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
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	(int) 1 => array(
		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
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	(int) 2 => array(
		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
			'image' => null,
			'article_date' => '2016-03-18 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '11'
		)
	),
	(int) 3 => array(
		'Article' => array(
			'id' => '3140',
			'article_category_id' => '91',
			'title' => ' British Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 17 :  Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. ',
			'content' => '<p>March 17 : &nbsp;Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. He said this at a programme organized by Nepal Chamber of Commerce (NCC) on 16 March in which delegates from Britain-Nepal Chamber of Commerce (BNCC) were present.</p>

<p>Speaking in the program Bohara asked the British investors to invest in energy, physical infrastructures, tourism, agriculture, education and health sectors as Nepal&rsquo;s products have market in India and China.<br />
&nbsp;<br />
The British investors, currently in a visit to Nepal, say they are interested to invest in Nepal. On behalf of the British investors, Richard Pely however added, &quot;It will be easy to invest if there is an investment friendly environment developed. We are here with an aim to identify areas of investment.&quot;&nbsp;</p>

<p>Rajen Kandel, Chairman of Britain-Nepal Chamber of Commerce (BNCC) asked the Nepal government to ease visa system and create investment friendly environment.&nbsp;</p>

<p>On the occasion, NCC President Rajesh Kaji Shrestha said that Nepali private sector will be excited to work with the British private sector in large scale projects in Nepal.</p>

<p>A Memorandum of Understanding (MOU) for the joint private investment was signed between two parties in the same programme.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2979',
			'image' => '20160317041119_l;kfd;dfk;ldskfd;l.jpg',
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
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	(int) 4 => array(
		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2978',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '1'
		)
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	(int) 5 => array(
		'Article' => array(
			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2977',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
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			'main_news' => true,
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	),
	(int) 6 => array(
		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '1'
		)
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	(int) 7 => array(
		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2975',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '1'
		)
	),
	(int) 8 => array(
		'Article' => array(
			'id' => '3135',
			'article_category_id' => '1',
			'title' => 'Consumers’ Welfare Protection Division in the Offing',
			'sub_title' => '',
			'summary' => 'March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31st World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.',
			'content' => '<p>March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31<sup>st</sup> World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.</p>

<p>Emphasizing on the seriousness of the government on protecting consumers&rsquo; rights, Minister Pun said, &ldquo;we will not tolerate black marketeering,&rdquo; and added that the government is preparing to start some initiatives soon for monitoring supplies and distribution of consumer goods. He further said that the government is also preparing to launch Consumer Awareness Programme throughout the country with intensive and integrated manner in each district.</p>

<p>Minister Pun also informed that the government is preparing to set up a Consumer Court.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2974',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '1'
		)
	),
	(int) 9 => array(
		'Article' => array(
			'id' => '3134',
			'article_category_id' => '1',
			'title' => 'Dispute soars between SEBON and NEPSE ',
			'sub_title' => '',
			'summary' => 'March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to  Citizen Investment Trust (CIT). ',
			'content' => '<p>March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to&nbsp; Citizen Investment Trust (CIT). Broker-dealers are allowed to trade securities on its own account as well as on behalf of the client.&nbsp; &#39;The Trust has sent a request soliciting broker-dealership but NEPSE has not given its recommendation yet which is causing the setback&#39;, informed a source at SEBON.</p>

<p>However, NEPSE source has denied it attributing the delay in recommendation to techincal problem. Sitaram Thapaliya, General Manager of NEPSE says, &#39;recommendation is not an issue, but due to lack of infrasturcture for such arrangment is the problem.&rsquo; He explained that absence of a separate window (digital space for trading) required for broker-dealer is the main cause of the delay and work is progressing to create such an window.</p>

<p>SEBON source claims that NEPSE is delaying the recommendation as NEPSE wants to give such dealership to existing stock brokers.</p>

<p>&#39;As the brokers have been given two log-in facilities, it should not be aproblem to give one log-in facility to CIT. After that it will be enough if daily inspection is carried out to ascertian whether CIT is trading on its own account only&rsquo;, argued the SEBON source.</p>

<p>Board source also argues that as there are about 5 thousand transactions taking place on NEPSE, the proposed broker-dealer may carry out a maximum of 500 transaction which may not need electronic monitoring. Monitoring of so few transactions can be done even manually, goes the argument. Most of the high-officials of the Board share this argument.</p>

<p>But NEPSE source argues that as D-mat trading is already started, manual clearing might be problematic.</p>

<p>Meanwhile, CIT wants to get market experience by obtaining broker-dealership before starting to function as market maker or institutional investor.</p>

<p>Can a Stock Broker be a Dealer as well?</p>

<p>In many other countries, stock borkers themselves function as broker-dealers.&nbsp; In Nepal, though, due to low capital base of the brokers and issues related to transperancy, the Board and a numbe rof investors view that the stock brokers should not be given such duties. &#39;Presently there are complaints that the stock brokers are giving higher priorty to transact deals on shares held by themselves on their own or their friends and families if there is higher price gained in the transaction. Thus if they are given the freedom to trade for themselves, they may act in more irresponsible manner in the transactions of shares of general investors,&rsquo; argued the Board source.</p>

<p>NEPSE has&nbsp; taken actions against Arun Securities for their irresponsible behaviour in transactions of shares held by general investors. Investors point out that such irresponsible behaviour of the brokers will get further encouraged once they get such permission. &nbsp;They view that as the brokers now have only Rs. 2 million as paid up capital, they should not be given dealership now. But this can be reviewd later when their capital increases, they argue.</p>

<p>Meanwhile, on Tuesday, the Board has issued directive to NEPSE to adopt internationally practiced technologies. The directive states that the directive is issued because internationally recognized &lsquo;tested&rsquo; system is required in order to attract foreign investors and non-residence Nepalis in the Nepali capital market.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2973',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
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	(int) 10 => array(
		'Article' => array(
			'id' => '3133',
			'article_category_id' => '1',
			'title' => 'Focus of all should be on economic prosperity: Vice President',
			'sub_title' => '',
			'summary' => 'March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.  The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal ',
			'content' => '<p>March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.</p>

<p>The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal in wushu in the South Asian Games held last month in India. The programme was organised by the Magar Service Society here today.</p>

<p>On the occasion, Vice President Pun also underscored the need of forging unity among all the Nepalis for building a prosperous Nepal.</p>

<p>&quot;We are on a mission to fulfilling the aspirations for durable peace, good-governance, development and prosperity by means of a democratic republicanism,&quot; he said.</p>

<p>Vice President Pun also asserted that political achievements have been institutionalised to a great extent with the promulgation of the new constitution, while underlining the need of addressing the issues that are being voiced by certain sections without undermining the country&#39;s independence, sovereignty, territorial integrity, nationality, self-respect and dignity.</p>

<p>The Vice President appreciated Gharti for enhancing nation&#39;s pride and wished her success in the coming days as well. RSS</p>
',
			'published' => true,
			'created' => '2016-03-13',
			'modified' => '2016-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2972',
			'image' => null,
			'article_date' => '2016-03-13 00:00:00',
			'homepage' => false,
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			'main_news' => true,
			'in_scroller' => false,
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		)
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	(int) 11 => array(
		'Article' => array(
			'id' => '3132',
			'article_category_id' => '1',
			'title' => 'PAC's attention drawn over fuel pricing',
			'sub_title' => '',
			'summary' => 'March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market. ',
			'content' => '<p>March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market.&nbsp;</p>

<p>Committee Secretary Som Bahadur Thapa wrote to the Ministry of Supply seeking details with clarification on the base of the decision, worth and purpose within the next three days.&nbsp;</p>

<p>The Committee has drawn the attention of the Supply Ministry towards the difficulties the consumers would face when fixing different rates and the negative impact on socio-economic scenario. RSS&nbsp;</p>
',
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			'created' => '2016-03-11',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3130',
			'article_category_id' => '1',
			'title' => 'New economic opportunities: Women’s entrepreneurship in the HKH ',
			'sub_title' => '',
			'summary' => 'On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women’s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. ',
			'content' => '<p style="text-align:center">A woman entrepreneur sells her produce at the Hariyo Hira Cooperative in Surkhet, Nepal. Photo: Meekha Tuladhar/SNV Nepal</p>

<p><em><strong>- By Dr Kamala Gurung and Dr Pranita Bhushan Udas</strong></em></p>

<blockquote>
<p>&ldquo;I seek training, not for me, but for my family members, so that they understand what I am doing when I go out of the home to attend trainings, sell the product, and liaise with traders and officers.&rdquo;<br />
&ndash; Female vegetable farmer, representative of the multipurpose cooperative, Surkhet Nepal</p>
</blockquote>

<p>On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women&rsquo;s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. Women&rsquo;s economic empowerment has been an important agenda for achieving women&rsquo;s emancipation and equality. Women&rsquo;s economic empowerment also has benefits for family wellbeing and health. Women with access to economic opportunities have expressed increased self-esteem, dignity, independence, enhanced capacities, and empowerment.</p>

<p>The Hindu Kush Himalayan (HKH) region is dominated by agrarian communities with a large rural population engaged in subsistence agroforestry-livestock-based production on increasingly fragmented landholdings. Agroforestry-based enterprises&nbsp; (such as Non-Timber Forest Products) are considered a primary means of reducing poverty and achieving food security by enhancing economic opportunities in HKH communities. Development initiatives to enhance women&rsquo;s economic opportunities, such as the Kailash Sacred Landscape Conservation and Development Initiative (KSLCDI) in India, Nepal, and Tibet Autonomous Regions (TAR); the Kangchenjunga Landscape Conservation and Development Initiative (KLCDI) in Bhutan, India, and Nepal; and the High Value Agriculture Project (HVAP) in the hills and mountains of Nepal, have shown that women want to become involved in enterprises. For instance, the majority of vegetable farming enterprises in these projects and initiatives are handled by women. Women are actively involved from farming to selling their products and have control over the income generated. Women also contribute significantly to cottage and small-scale enterprises and are commonly employed in processing enterprises. Women&rsquo;s involvement in economic activities enhances their capacity, skills related to micro-enterprises and decision-making authority, as well as social networks. However, these women face challenges, such as lower prices for their products, mobility constraints due to socio-cultural norms, safety issues, and difficulties juggling work and household responsibilities, among other things. Such challenges raise concerns about women&rsquo;s equal participation, especially in decision-making processes. ICIMOD, along with its partners, is working to address such challenges to promote gender equality through entrepreneurship development in the HKH region.</p>

<p>Micro, small, and medium-sized enterprises have been recognized as a crucial way of promoting women&rsquo;s economic empowerment to overcome poverty and gender inequity. There are multiple benefits to women&rsquo;s increased economic empowerment through the promotion of entrepreneurship including, for instance, increased mobility, the creation of women&rsquo;s networks, and building solidarity among women to help them to raise their voices and influence the development agenda. Women&rsquo;s economic empowerment is also critical to achieving gender equality, goal five of the 2030 Agenda for Sustainable Development. To take this forward, in some places, training on &lsquo;visioning&rsquo; for family enterprises has helped women to be fully engaged with their enterprises.<br />
Rural women increasingly run their own enterprises, are bread winners for their families, and probably also the &lsquo;bread makers&rsquo;. However, their real entrepreneurial potential remains largely untapped for three principal reasons: social norms and traditional values, inadequate access to financial services, and inadequate business skills and access to markets.<br />
Social norms and traditional values hold women back from fully participating in economic activities. Social norms and traditional patriarchal systems continue to create a barrier to women&rsquo;s full participation in economic activities. Often women&rsquo;s abilities and potential are undervalued and questioned. Women&rsquo;s networks and associations have the potential to increase women&rsquo;s self-esteem and their access to a range of services. For instance, self-help groups are an example of a &lsquo;group approach&rsquo; to bringing rural women together across the HKH region for economic and social empowerment. Such groups can provide a platform for business networking, sharing ideas, contacts and news, and securing future business opportunities. However, women may be inhibited in networking in associations and chambers of commerce, as these are primarily male domains.</p>

<p><strong>Inadequate access to financial services</strong>&nbsp;is another stumbling block for women, despite the success of micro credit organizations across the HKH. For instance, in Bangladesh, the average credit received from NGOs by women is about Bangladeshi taka (BDT) 14,700 (USD 204), which is&nbsp;not enough to invest in business.&nbsp;With respect to access to loans from the banking sector, women entrepreneurs identified lack of capital and assets as obstacles. Financial institutions are generally unaware of the Bangladesh Bank&#39;s refinancing scheme for women.</p>

<p><strong>Inadequate business skills</strong>&nbsp;<strong>and lack of access to markets</strong>&nbsp;also hinder the growth of women&rsquo;s enterprises. The major obstacles identified by women entrepreneurs include a lack of skills in entrepreneurship and product development, as well as insufficient training, both theoretical and practical, in marketing. Women are less likely to have a business-related education background, which is an important determinant of entrepreneurial success. Improving women&rsquo;s access to markets can also help expand their business and customer base.</p>

<p>It is crucial to address these social and economic constraints on women&rsquo;s entrepreneurship and economic empowerment&nbsp;through research, advocacy, and policy interventions in order to help women in producing, marketing, connecting, and leading enterprises towards achieving gender equality.</p>

<p><em>Dr Kamala Gurung (</em><a href="mailto:kamala.gurung@icimod.org" target="_blank"><em>kamala.gurung@icimod.org</em></a><em>) is Gender and NRM Specialist and Dr Pranita Bhushan Udas (<a href="mailto:pranita.udas@icimod.org" target="_blank">pranita.udas@icimod.org</a>) is Gender, Water and Adaptation Specialist in the Livelihoods Theme, at the International Centre for Integrated Mountain Development, ICIMOD.</em></p>

<p style="text-align:center">&nbsp;</p>
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		'Article' => array(
			'id' => '3129',
			'article_category_id' => '1',
			'title' => 'Devotees queuing up in Pashupati from early morning',
			'sub_title' => '',
			'summary' => 'March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.',
			'content' => '<p>March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.</p>

<p>Though there was serpentine queue of devotees since 1.00 am today the four doors of the temple were opened at 2:45 am only. An arrangement has been made for devotees to enter the main temple from four gates, said Member Secretary of Pashupati Area Development Trust (PADT), Dr Govinda Tandan. As per the system, the devotees would use the same door to enter the temple and come out after worshiping.</p>

<p>Around 1.1 million devotees are expected to visit Pashupatinath on the occasion of Shivaratri this year, Dr Tandan added.</p>

<p>The Indian visitors thronging to the temple is visibly high this year, said Nepal-India Friendship Council Chairperson Suresh Thakur.</p>

<p>Various volunteer organizations are organizing free health camp, free tea and meal programme at Pashupatinath Temple to serve revelers on the special day. RSS</p>
',
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			'created' => '2016-03-07',
			'modified' => '2016-03-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2969',
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		'Article' => array(
			'id' => '3128',
			'article_category_id' => '1',
			'title' => 'Goods confiscated',
			'sub_title' => '',
			'summary' => 'March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.',
			'content' => '<p style="text-align: justify;">March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.</p>

<p style="text-align: justify;">The textiles were being brought from Pashupatinagar of Ilam to Jhapa on the basis of fake VAT bills, according to the police.</p>

<p style="text-align: justify;">While carrying out a checking on the Mechi Highway at Shantinagar-6, Jhapa, police found fake VAT bills of 13 rolls of textiles loaded in the van. The van and the cloth has been sent to the Revenue Investigation Office, Itahari for further action, police said.</p>

<p style="text-align: justify;">Meanwhile, police on Thursday handed over to the Mechi Customs Office a large quantity of dried betel nuts and the brooms that it confiscated while it was being smuggled out towards India. The goods were being smuggled out hidden inside a truck, it is stated.</p>

<p style="text-align: justify;">Police had confiscated the brooms and 274 sacks filled with dried betel nut from a truck on Wednesday. RSS&nbsp;</p>
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$articles = array(
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		'Article' => array(
			'id' => '3143',
			'article_category_id' => '1',
			'title' => 'Remittance agreement between Global IME bank and Transfast Worldwide money transfer',
			'sub_title' => '',
			'summary' => 'March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program.',
			'content' => '<p>March 21: Global IME Bank and Trasfast Worldwide money transfer have finalized remittance agreement. Anil Gyawali, CEO of Global IME Bank and Samir Bhidahate, Director of Transfast Money transfer signed the MoU regarding remittance on Sunday amid a program. As per agreement money send through Trasfast agents located in 120 countries worldwide can be received from all the branches of Global IME Bank and its associates. Since its establishment, bank is providing remittance services in co-ordination with banks and exchange houses of UAE, Qatar, Baharain, Australia, Japan, Malaysia and South Korea.</p>
',
			'published' => true,
			'created' => '2016-03-21',
			'modified' => '2016-03-21',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2982',
			'image' => '20160321111258_Clipboard12.jpg',
			'article_date' => '2016-03-21 00:00:00',
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		'Article' => array(
			'id' => '3142',
			'article_category_id' => '1',
			'title' => 'Selection process of Nalsingh Gad Hydropower to continue',
			'sub_title' => '',
			'summary' => 'March 18: The Public Accounts Committee (PAC) has decided to allow selection process of  consultant for Nalsingh Gad Hydropower project. “But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,” informs Janardan Sharma, Chairman of PAC.',
			'content' => '<p>March 18: The Public Accounts Committee (PAC) has decided to allow selection process of &nbsp;consultant for Nalsingh Gad Hydropower project. &ldquo;But additional study will be conducted if the report prepared by Ministry of Energy shows any irregularity,&rdquo; informs Janardan Sharma, Chairman of PAC. Complaint had been filed against the selection of consultant of feasibility study, detailed engineering survey, design and environmental impact assessment (EIA) of the 410 MW project. PAC decided on the matter after questioning the related parties about the filed complaint.</p>

<p>In the complaint, there were issues regarding giving more points to &nbsp;SMEC international on financial and technical evaluation and being selected even after proposing Rs 330 million more amount than AF consult JV. Moti Bahadur Kunwar, Executive Director of Nalsingh Gad Hydropower Project Development Committee denied any irregularities on the selection process in the meeting. He provided different evidence to valid his points. Energy Seceretary Suman Prasad Sharma informed that a committee has been formed in order to study consultant selection process and decision will be taken after detailed report from the committee is received.</p>

<p>In the meeting, Deputy Prime Minister and Energy Minister Top Bahadur Raimajhi and Sherbahadur Shahi, Chairman of Nalsingh Gah Hydropower Project Development Committee assured to investigate irregularities and requested not to impede the project that would further delay the project causing energy crisis.&nbsp;</p>

<p>Earlier, four firms were shortlisted on 2071 Chaitra 27 to carry out financial and technical proposal. Among them, Af consult Jv and SMEC International submitted the proposal. Financial proposal was opened on 2073 Poush 9 only after the firms surpassed technical proposal.</p>

<p>&ldquo;SMEC international obtained maximum points on both financial and technical proposal evaluation of evaluation committee,&rdquo; said Kunwar. Complaints were registered in the Prime Minister&rsquo;s Office, Commission for Investigation of Abuse of Authority and PAC after a notice was published regarding the opening of the financial proposal based on which SMEC was selected as the consultant of the hydropower project.</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2981',
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			'article_date' => '2016-03-18 00:00:00',
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		'Article' => array(
			'id' => '3141',
			'article_category_id' => '1',
			'title' => 'CIT to include self-employed and foreign job holders in its Scheme',
			'sub_title' => '',
			'summary' => 'March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees.  CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary. ',
			'content' => '<p>March 18: Citizen Investment Trust(CIT) has announced that it will include self-employed and foreign-employed Nepalis in retirement fund beside government and public employees. &nbsp;CIT made the announcement amid an event held on Thursday in the capital to mark its 26th anniversary.&nbsp;</p>

<p>CIT invested Rs 55.79 billion in five sectors in the fiscal year 2071/72. Among them, CIT has invested Rs 25.92 billion in government bonds, Rs 35.34 billion in deposits of banks and financial institutions, Rs 5.11 billion in periodic loans, Rs 3.78 billion in shares of corporate institutions and Rs 8.97 billion in collaborator credit and home loan.&nbsp;</p>

<p>Currently, CIT is operating five different funds- Retirement fund, Citizen Units Scheme, Pension/Gratuity Fund, Investors&rsquo; Account Scheme and Insurance Scheme under various arrangements collecting Rs 67.22 billion. Under the Insurance Scheme, civil employee&rsquo;s insurance fund, teacher&rsquo;s insurance fund, army employee&rsquo;s insurance fund and Nepal police employee&rsquo;s insurance fund are operational.</p>

<p>In the event, speakers suggested to increase citizens involvement in the CIT. Chief guest of the program, Damodar Bhandari, Minister of State for Finance, stressed the need of CIT to become citizen&rsquo;s trust in the real terms. &ldquo;Developing the habit of investment among the Nepali citizens is need of the hour. CIT should provide investment opportunities to the citizens across all sectors,&rdquo; he said.&nbsp;</p>

<p>Rajan Khanal Chairman of Board of directors of CIT said that the organisation will take necessary role in the expansion of capital market services. &ldquo;We have submitted a proposal in the Securities Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding the issue,&rdquo; he informed. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-18',
			'modified' => '2016-03-18',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2980',
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			'article_date' => '2016-03-18 00:00:00',
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		'Article' => array(
			'id' => '3140',
			'article_category_id' => '91',
			'title' => ' British Investors interested to invest in Nepal',
			'sub_title' => '',
			'summary' => 'March 17 :  Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. ',
			'content' => '<p>March 17 : &nbsp;Dipak Bohara, Minister of Labour and Employment has told the British investors that this is the best time to invest in Nepal and that the government is working to create environment to attract national and international investors. He said this at a programme organized by Nepal Chamber of Commerce (NCC) on 16 March in which delegates from Britain-Nepal Chamber of Commerce (BNCC) were present.</p>

<p>Speaking in the program Bohara asked the British investors to invest in energy, physical infrastructures, tourism, agriculture, education and health sectors as Nepal&rsquo;s products have market in India and China.<br />
&nbsp;<br />
The British investors, currently in a visit to Nepal, say they are interested to invest in Nepal. On behalf of the British investors, Richard Pely however added, &quot;It will be easy to invest if there is an investment friendly environment developed. We are here with an aim to identify areas of investment.&quot;&nbsp;</p>

<p>Rajen Kandel, Chairman of Britain-Nepal Chamber of Commerce (BNCC) asked the Nepal government to ease visa system and create investment friendly environment.&nbsp;</p>

<p>On the occasion, NCC President Rajesh Kaji Shrestha said that Nepali private sector will be excited to work with the British private sector in large scale projects in Nepal.</p>

<p>A Memorandum of Understanding (MOU) for the joint private investment was signed between two parties in the same programme.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
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			'sortorder' => '2979',
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		'Article' => array(
			'id' => '3139',
			'article_category_id' => '1',
			'title' => 'Bomb hoax delays NAC Delhi-KTM flight ',
			'sub_title' => '',
			'summary' => 'March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)’s plane flying to Kathmandu from Delhi, on Thursday.',
			'content' => '<p>March 17: A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>

<p>A bomb hoax has delayed a Nepal Airlines Corporation (NAC)&rsquo;s plane flying to Kathmandu from Delhi, on Thursday.</p>

<p>Flight no. RA 206, which was scheduled to fly from the Indira Gandhi International Airport, New Delhi, at 10: 40 am was delayed after the hoax. Security personnel have been deployed for the security checking, an NAC official informed.</p>

<p>This is third time in a year, such hoax created panic among passengers.</p>
',
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		'Article' => array(
			'id' => '3138',
			'article_category_id' => '1',
			'title' => 'Imports Up 24% in a month',
			'sub_title' => '',
			'summary' => 'March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months’ data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there.',
			'content' => '<p>March 17: Recently published Nepal Rastra Bank (NRB) report on macroeconomic situation of Nepal based on seven months&rsquo; data shows that imports had soared in the month of Magh (mid-January till mid-February) compared to previous month despite the border blockade was still there. Import in Magh had increased by 24% over the figures of Poush. The border blockade was lifted in Falgun first week (third week of February) prior to PM Oli&rsquo;s India visit.</p>

<p>Total import in Magh went up to Rs. 3 billion 450 million from Rs. 2 billion 770 million of Poush. However, total imports of the first 7 months of current fiscal year have been down 21% compared to corresponding period of previous fiscal year. While comparing annually, import from India has declined by 27%. In comparison with last year&rsquo;s Magh, this year saw whopping 62% decline in import of petroleum products affecting the overall import figure.</p>

<p>Nepal&rsquo;s terms of trade (tot) measured by export-import price index, has shown further improvement NRB has pointed that fall in the price of petroleum products resulted in a declined import price index and Increase in price of export items such as jute, cardamom, yarsagumba herbs caused the export price index to go up.</p>

<p>In the review period, inflation measured by consumer price index has however contracted. The y-o-y consumer price inflation which had risen by 12.1 percent in Mangsir moderated to 11.3 percent in Magh. The consumer price inflation has begun to moderate on account of improved supply of fuel and other consumable items following the return of normalcy at the border points.</p>

<p>The current account registered a surplus of Rs. 154.78 billion in the review period despite increased imports.&nbsp; The overall BOP recorded a significant surplus of Rs. 154.40 billion in the review period compared to a surplus of Rs. 32.80 billion in the same period of the previous year. Remittance worth of Rs. 375 billion sent by Nepali workers from abroad has helped to improve the BOP surplus. Also, money stocked up by general people due to border blockade has improved the index which is reflected in amplified current deposits and term deposits in the banks.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
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			'description' => '',
			'sortorder' => '2977',
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			'article_date' => '2016-03-17 00:00:00',
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	(int) 6 => array(
		'Article' => array(
			'id' => '3137',
			'article_category_id' => '1',
			'title' => 'Pokhara Finance’s 20th Anniversary',
			'sub_title' => '',
			'summary' => 'March 17: Pokhara Finance celebrated its 20th anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan ‘Give blood save life’. CEO Rajkumar Gurung informed that  66 units of blood was collected on the occasion.',
			'content' => '<p>March 17<strong>: </strong>Pokhara Finance celebrated its 20<sup>th</sup> anniversary on Wednesday by organizing blood donation programme at its head office at Pokhara with slogan &lsquo;Give blood save life&rsquo;. CEO Rajkumar Gurung informed that &nbsp;66 units of blood was collected on the occasion.</p>

<p>On the occasion of the anniversary, the bank has also announced specially discounted interest rate of 8.99% for Personal, Home, Auto and Industrial and Business loans. &nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2976',
			'image' => '20160317023243_pokhara finance limited.jpg',
			'article_date' => '2016-03-17 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '3136',
			'article_category_id' => '1',
			'title' => 'Citizen Bank opens Merchant Banking Company',
			'sub_title' => '',
			'summary' => 'March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank’s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust’s deputy CEO Sushil Kumar Aryal are also in CIBL Capital’s BOD. ',
			'content' => '<p>March 17: Citizen Bank International Limited has launched its subsidiary company for merchant banking. The new company called CBIL Capital has initial paid up capital of Rs. 100 million and its Board of directors (BOD) includes Citizen Bank&rsquo;s Deputy CEO Ganesh Raj Pokharel and Assistant CEOs Bodh Raj Devkota and Ramdhan Shrestha. Along with them, industrialist Aajad Shrestha and Citizen Investment Trust&rsquo;s deputy CEO Sushil Kumar Aryal are also in CIBL Capital&rsquo;s BOD.&nbsp;</p>

<p>Ganesh Raj Pokharel has been selected as Chairman of the company&rsquo;s BOD.</p>

<p>CIBL Capital has already obtained permission from Nepal Rastra Bank, says the company informing that it will commence operation after obtaining license from Securities Board of Nepal.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
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			'description' => '',
			'sortorder' => '2975',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '3135',
			'article_category_id' => '1',
			'title' => 'Consumers’ Welfare Protection Division in the Offing',
			'sub_title' => '',
			'summary' => 'March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31st World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.',
			'content' => '<p>March 16: Government has started to set up a separate Division under the Ministry of Supplies for protecting consumer welfare. Informing this in a programme organized in Kathmandu by Department for Supply Management and Protection of Consumers Interests to mark the 31<sup>st</sup> World Consumer Rights Day, Minister for Supplies Ganesh Man Pun said the decision was taken with some strategic objectives in mind.</p>

<p>Emphasizing on the seriousness of the government on protecting consumers&rsquo; rights, Minister Pun said, &ldquo;we will not tolerate black marketeering,&rdquo; and added that the government is preparing to start some initiatives soon for monitoring supplies and distribution of consumer goods. He further said that the government is also preparing to launch Consumer Awareness Programme throughout the country with intensive and integrated manner in each district.</p>

<p>Minister Pun also informed that the government is preparing to set up a Consumer Court.</p>
',
			'published' => true,
			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2974',
			'image' => null,
			'article_date' => '2016-03-17 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '3134',
			'article_category_id' => '1',
			'title' => 'Dispute soars between SEBON and NEPSE ',
			'sub_title' => '',
			'summary' => 'March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to  Citizen Investment Trust (CIT). ',
			'content' => '<p>March 16- Dipute has soared between Security Board of Nepal (SEBON) and Nepal Stock Exchange (NEPSE) regarding borker-dealership. SEBON accuses NEPSE of not co-operating to grant broker-dealership to&nbsp; Citizen Investment Trust (CIT). Broker-dealers are allowed to trade securities on its own account as well as on behalf of the client.&nbsp; &#39;The Trust has sent a request soliciting broker-dealership but NEPSE has not given its recommendation yet which is causing the setback&#39;, informed a source at SEBON.</p>

<p>However, NEPSE source has denied it attributing the delay in recommendation to techincal problem. Sitaram Thapaliya, General Manager of NEPSE says, &#39;recommendation is not an issue, but due to lack of infrasturcture for such arrangment is the problem.&rsquo; He explained that absence of a separate window (digital space for trading) required for broker-dealer is the main cause of the delay and work is progressing to create such an window.</p>

<p>SEBON source claims that NEPSE is delaying the recommendation as NEPSE wants to give such dealership to existing stock brokers.</p>

<p>&#39;As the brokers have been given two log-in facilities, it should not be aproblem to give one log-in facility to CIT. After that it will be enough if daily inspection is carried out to ascertian whether CIT is trading on its own account only&rsquo;, argued the SEBON source.</p>

<p>Board source also argues that as there are about 5 thousand transactions taking place on NEPSE, the proposed broker-dealer may carry out a maximum of 500 transaction which may not need electronic monitoring. Monitoring of so few transactions can be done even manually, goes the argument. Most of the high-officials of the Board share this argument.</p>

<p>But NEPSE source argues that as D-mat trading is already started, manual clearing might be problematic.</p>

<p>Meanwhile, CIT wants to get market experience by obtaining broker-dealership before starting to function as market maker or institutional investor.</p>

<p>Can a Stock Broker be a Dealer as well?</p>

<p>In many other countries, stock borkers themselves function as broker-dealers.&nbsp; In Nepal, though, due to low capital base of the brokers and issues related to transperancy, the Board and a numbe rof investors view that the stock brokers should not be given such duties. &#39;Presently there are complaints that the stock brokers are giving higher priorty to transact deals on shares held by themselves on their own or their friends and families if there is higher price gained in the transaction. Thus if they are given the freedom to trade for themselves, they may act in more irresponsible manner in the transactions of shares of general investors,&rsquo; argued the Board source.</p>

<p>NEPSE has&nbsp; taken actions against Arun Securities for their irresponsible behaviour in transactions of shares held by general investors. Investors point out that such irresponsible behaviour of the brokers will get further encouraged once they get such permission. &nbsp;They view that as the brokers now have only Rs. 2 million as paid up capital, they should not be given dealership now. But this can be reviewd later when their capital increases, they argue.</p>

<p>Meanwhile, on Tuesday, the Board has issued directive to NEPSE to adopt internationally practiced technologies. The directive states that the directive is issued because internationally recognized &lsquo;tested&rsquo; system is required in order to attract foreign investors and non-residence Nepalis in the Nepali capital market.</p>
',
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			'created' => '2016-03-17',
			'modified' => '2016-03-17',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2973',
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	(int) 10 => array(
		'Article' => array(
			'id' => '3133',
			'article_category_id' => '1',
			'title' => 'Focus of all should be on economic prosperity: Vice President',
			'sub_title' => '',
			'summary' => 'March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.  The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal ',
			'content' => '<p>March 12: Vice President Nanda Bahadur Pun has said all should now focus on economic advancement and building a prosperous Nepal.</p>

<p>The Vice President said so while addressing a programme to honour Nima Ghartimagar who won a gold medal in wushu in the South Asian Games held last month in India. The programme was organised by the Magar Service Society here today.</p>

<p>On the occasion, Vice President Pun also underscored the need of forging unity among all the Nepalis for building a prosperous Nepal.</p>

<p>&quot;We are on a mission to fulfilling the aspirations for durable peace, good-governance, development and prosperity by means of a democratic republicanism,&quot; he said.</p>

<p>Vice President Pun also asserted that political achievements have been institutionalised to a great extent with the promulgation of the new constitution, while underlining the need of addressing the issues that are being voiced by certain sections without undermining the country&#39;s independence, sovereignty, territorial integrity, nationality, self-respect and dignity.</p>

<p>The Vice President appreciated Gharti for enhancing nation&#39;s pride and wished her success in the coming days as well. RSS</p>
',
			'published' => true,
			'created' => '2016-03-13',
			'modified' => '2016-03-13',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2972',
			'image' => null,
			'article_date' => '2016-03-13 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
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	(int) 11 => array(
		'Article' => array(
			'id' => '3132',
			'article_category_id' => '1',
			'title' => 'PAC's attention drawn over fuel pricing',
			'sub_title' => '',
			'summary' => 'March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market. ',
			'content' => '<p>March 11: The Public Accounts Committee (PAC) under the Legislature-Parliament today expressed concern towards the government decision for allowing the Nepal Oil Corporation (NOC) and Birat Petroleum Pvt Ltd (BPPL) to sell petroleum products at differing rates in the market.&nbsp;</p>

<p>Committee Secretary Som Bahadur Thapa wrote to the Ministry of Supply seeking details with clarification on the base of the decision, worth and purpose within the next three days.&nbsp;</p>

<p>The Committee has drawn the attention of the Supply Ministry towards the difficulties the consumers would face when fixing different rates and the negative impact on socio-economic scenario. RSS&nbsp;</p>
',
			'published' => true,
			'created' => '2016-03-11',
			'modified' => '2016-03-11',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2971',
			'image' => '20160311043903_nepal-oil.jpg',
			'article_date' => '2016-03-11 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '3130',
			'article_category_id' => '1',
			'title' => 'New economic opportunities: Women’s entrepreneurship in the HKH ',
			'sub_title' => '',
			'summary' => 'On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women’s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. ',
			'content' => '<p style="text-align:center">A woman entrepreneur sells her produce at the Hariyo Hira Cooperative in Surkhet, Nepal. Photo: Meekha Tuladhar/SNV Nepal</p>

<p><em><strong>- By Dr Kamala Gurung and Dr Pranita Bhushan Udas</strong></em></p>

<blockquote>
<p>&ldquo;I seek training, not for me, but for my family members, so that they understand what I am doing when I go out of the home to attend trainings, sell the product, and liaise with traders and officers.&rdquo;<br />
&ndash; Female vegetable farmer, representative of the multipurpose cooperative, Surkhet Nepal</p>
</blockquote>

<p>On 21 January 2016, the United Nations Secretary General Ban Ki-Moon announced the first-ever High-Level Panel on Women&rsquo;s Economic Empowerment to provide leadership and mobilize concrete action aimed at closing the economic gender gaps that persist around the world. Women&rsquo;s economic empowerment has been an important agenda for achieving women&rsquo;s emancipation and equality. Women&rsquo;s economic empowerment also has benefits for family wellbeing and health. Women with access to economic opportunities have expressed increased self-esteem, dignity, independence, enhanced capacities, and empowerment.</p>

<p>The Hindu Kush Himalayan (HKH) region is dominated by agrarian communities with a large rural population engaged in subsistence agroforestry-livestock-based production on increasingly fragmented landholdings. Agroforestry-based enterprises&nbsp; (such as Non-Timber Forest Products) are considered a primary means of reducing poverty and achieving food security by enhancing economic opportunities in HKH communities. Development initiatives to enhance women&rsquo;s economic opportunities, such as the Kailash Sacred Landscape Conservation and Development Initiative (KSLCDI) in India, Nepal, and Tibet Autonomous Regions (TAR); the Kangchenjunga Landscape Conservation and Development Initiative (KLCDI) in Bhutan, India, and Nepal; and the High Value Agriculture Project (HVAP) in the hills and mountains of Nepal, have shown that women want to become involved in enterprises. For instance, the majority of vegetable farming enterprises in these projects and initiatives are handled by women. Women are actively involved from farming to selling their products and have control over the income generated. Women also contribute significantly to cottage and small-scale enterprises and are commonly employed in processing enterprises. Women&rsquo;s involvement in economic activities enhances their capacity, skills related to micro-enterprises and decision-making authority, as well as social networks. However, these women face challenges, such as lower prices for their products, mobility constraints due to socio-cultural norms, safety issues, and difficulties juggling work and household responsibilities, among other things. Such challenges raise concerns about women&rsquo;s equal participation, especially in decision-making processes. ICIMOD, along with its partners, is working to address such challenges to promote gender equality through entrepreneurship development in the HKH region.</p>

<p>Micro, small, and medium-sized enterprises have been recognized as a crucial way of promoting women&rsquo;s economic empowerment to overcome poverty and gender inequity. There are multiple benefits to women&rsquo;s increased economic empowerment through the promotion of entrepreneurship including, for instance, increased mobility, the creation of women&rsquo;s networks, and building solidarity among women to help them to raise their voices and influence the development agenda. Women&rsquo;s economic empowerment is also critical to achieving gender equality, goal five of the 2030 Agenda for Sustainable Development. To take this forward, in some places, training on &lsquo;visioning&rsquo; for family enterprises has helped women to be fully engaged with their enterprises.<br />
Rural women increasingly run their own enterprises, are bread winners for their families, and probably also the &lsquo;bread makers&rsquo;. However, their real entrepreneurial potential remains largely untapped for three principal reasons: social norms and traditional values, inadequate access to financial services, and inadequate business skills and access to markets.<br />
Social norms and traditional values hold women back from fully participating in economic activities. Social norms and traditional patriarchal systems continue to create a barrier to women&rsquo;s full participation in economic activities. Often women&rsquo;s abilities and potential are undervalued and questioned. Women&rsquo;s networks and associations have the potential to increase women&rsquo;s self-esteem and their access to a range of services. For instance, self-help groups are an example of a &lsquo;group approach&rsquo; to bringing rural women together across the HKH region for economic and social empowerment. Such groups can provide a platform for business networking, sharing ideas, contacts and news, and securing future business opportunities. However, women may be inhibited in networking in associations and chambers of commerce, as these are primarily male domains.</p>

<p><strong>Inadequate access to financial services</strong>&nbsp;is another stumbling block for women, despite the success of micro credit organizations across the HKH. For instance, in Bangladesh, the average credit received from NGOs by women is about Bangladeshi taka (BDT) 14,700 (USD 204), which is&nbsp;not enough to invest in business.&nbsp;With respect to access to loans from the banking sector, women entrepreneurs identified lack of capital and assets as obstacles. Financial institutions are generally unaware of the Bangladesh Bank&#39;s refinancing scheme for women.</p>

<p><strong>Inadequate business skills</strong>&nbsp;<strong>and lack of access to markets</strong>&nbsp;also hinder the growth of women&rsquo;s enterprises. The major obstacles identified by women entrepreneurs include a lack of skills in entrepreneurship and product development, as well as insufficient training, both theoretical and practical, in marketing. Women are less likely to have a business-related education background, which is an important determinant of entrepreneurial success. Improving women&rsquo;s access to markets can also help expand their business and customer base.</p>

<p>It is crucial to address these social and economic constraints on women&rsquo;s entrepreneurship and economic empowerment&nbsp;through research, advocacy, and policy interventions in order to help women in producing, marketing, connecting, and leading enterprises towards achieving gender equality.</p>

<p><em>Dr Kamala Gurung (</em><a href="mailto:kamala.gurung@icimod.org" target="_blank"><em>kamala.gurung@icimod.org</em></a><em>) is Gender and NRM Specialist and Dr Pranita Bhushan Udas (<a href="mailto:pranita.udas@icimod.org" target="_blank">pranita.udas@icimod.org</a>) is Gender, Water and Adaptation Specialist in the Livelihoods Theme, at the International Centre for Integrated Mountain Development, ICIMOD.</em></p>

<p style="text-align:center">&nbsp;</p>
',
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			'created' => '2016-03-07',
			'modified' => '2016-03-09',
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			'sortorder' => '2970',
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	(int) 13 => array(
		'Article' => array(
			'id' => '3129',
			'article_category_id' => '1',
			'title' => 'Devotees queuing up in Pashupati from early morning',
			'sub_title' => '',
			'summary' => 'March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.',
			'content' => '<p>March 7: The Pashupatinath Temple sees a big crowd of devotees on the special day of Mahashivaratri from early morning today.</p>

<p>Though there was serpentine queue of devotees since 1.00 am today the four doors of the temple were opened at 2:45 am only. An arrangement has been made for devotees to enter the main temple from four gates, said Member Secretary of Pashupati Area Development Trust (PADT), Dr Govinda Tandan. As per the system, the devotees would use the same door to enter the temple and come out after worshiping.</p>

<p>Around 1.1 million devotees are expected to visit Pashupatinath on the occasion of Shivaratri this year, Dr Tandan added.</p>

<p>The Indian visitors thronging to the temple is visibly high this year, said Nepal-India Friendship Council Chairperson Suresh Thakur.</p>

<p>Various volunteer organizations are organizing free health camp, free tea and meal programme at Pashupatinath Temple to serve revelers on the special day. RSS</p>
',
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			'created' => '2016-03-07',
			'modified' => '2016-03-07',
			'keywords' => '',
			'description' => '',
			'sortorder' => '2969',
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	(int) 14 => array(
		'Article' => array(
			'id' => '3128',
			'article_category_id' => '1',
			'title' => 'Goods confiscated',
			'sub_title' => '',
			'summary' => 'March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.',
			'content' => '<p style="text-align: justify;">March 4: The Area Police Office, Budhabare on Thursday intercepted a pick-up van and confiscated textiles worth Rs 1.1 million.</p>

<p style="text-align: justify;">The textiles were being brought from Pashupatinagar of Ilam to Jhapa on the basis of fake VAT bills, according to the police.</p>

<p style="text-align: justify;">While carrying out a checking on the Mechi Highway at Shantinagar-6, Jhapa, police found fake VAT bills of 13 rolls of textiles loaded in the van. The van and the cloth has been sent to the Revenue Investigation Office, Itahari for further action, police said.</p>

<p style="text-align: justify;">Meanwhile, police on Thursday handed over to the Mechi Customs Office a large quantity of dried betel nuts and the brooms that it confiscated while it was being smuggled out towards India. The goods were being smuggled out hidden inside a truck, it is stated.</p>

<p style="text-align: justify;">Police had confiscated the brooms and 274 sacks filled with dried betel nut from a truck on Wednesday. RSS&nbsp;</p>
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