November 30: With the onset of winter, Dabur Chyawanprash is an effective way to boost one’s immunity through changing weather cycles, claims Dabur Nepal – a multinational company that produces the time-tested product in…
November 30: With the onset of winter, Dabur Chyawanprash is an effective way to boost one’s immunity through changing weather cycles, claims Dabur Nepal – a multinational company that produces the time-tested product in…
November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two…
November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the…
November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at…
November 30: The government has decided to hold the National Assembly elections on January…
Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December…
Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on…
The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media…
November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of…
November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY)…
November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be…
November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs 5.3 million on 88 listed companies that did not submit financial statements within the stipulated time.…
November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate…
November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December…
November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal.…
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Enhancing immunity is an effective way to fight such diseases.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The key ingredient of Dabur Chyawanprash is Amla (Indian gooseberry) which is known for its immunity building properties, the company said adding: Other ingredients like Guduchi, Pippali, Shatavari, Vidarikand, Haritaki, Kantakari, Kakdashingi, Bhumyaamalaki, Vasaka, Pushkarmool, Prishniparni, Shalparni, etc helps in alleviating the common infections and allergies of respiratory system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“An amalgamation of these ingredients makes Chyawanprash a perfect blend of herbs to provide immunity for better health in the winter season.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Moreover, Dabur Chyawanprash can do an incredible job in promoting lungpower, adds the statement. According to the company, it nourishes the mucous membrane and helps in maintaining the respiratory passage clean and clear. Therefore, it is taken as a tonic in winter months as it supports natural resistance, lends strength, energy to combat infections by boosting overall health and wellbeing.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chyawanprash also aids the body in the production of hemoglobin and white blood cells, which are vital for fighting infections, claimed the company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Sanskrit, the word Prash means specially prepared food. Two ancient sages reportedly formulated it for restoring youth to an elderly sage Chyawan- hence named Chyawanprash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ingredients used in Chyawanparsh including ghee, sesame oil and honey serve as catalytic agents to carry herbs deep into the cells while honey helps in neutralizing and safeguarding the effects of other major ingredients, added the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As a proven and rich source of vitamin C and antioxidants, Dabur Chyawanprash provides a multitude of health benefits.According to Dabur Nepal, amla, the vital component in chyawanprash, detoxifies the body and cleanses the blood, liver, spleen and the lungs. It enhances youthfulness and promotes healthy muscle mass and tones the body.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash strongly supports the digestion process in a systemic level. It promotes healthy movement of gases and regular elimination of waste. Furthermore, it regulates blood sugar and cholesterol levels in normal range. It is a great supplement in maintaining and stimulating proper metabolism.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company added that Chyawanprash plays a vital role in triggering the reproductive system and promotes vitality and sexual health. In addition, Chyawanprash promotes fertility, healthy libido, and sexual stamina in both men and women.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash can help in clearing out the toxins present in the body to give a glowing skin. Moreover, the amla, ghee, and honey present in it are also beneficial for promoting healthy skin.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-12-03', 'keywords' => '', 'description' => '', 'sortorder' => '19329', 'image' => '20231130010230_dabur.jpg', 'article_date' => '2023-11-30 13:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19594', 'article_category_id' => '1', 'title' => 'NTA Seeks ISP Replies on TikTok Ban', 'sub_title' => '', 'summary' => 'The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Issuing a public notice today, the NTA has sought the submissions of replies within the next 24 hours, warning that failure to do so may result in the cancellation of their licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> According to NTA deputy-director and information officer, Surya Prasad Lamichhane, earlier too, a notice was issued to all internet and mobile service providers, requesting information about the status of the implementation of the government's decision to prohibit TikTok.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> However, as of now, the NTA has not received any updates on the matter. The government officially decided to ban the use of TikTok through the Cabinet meeting on November 13, citing its 'negative impact' on social harmony. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19322', 'image' => '20231129033155_collage (11).jpg', 'article_date' => '2023-11-29 15:30:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19593', 'article_category_id' => '1', 'title' => 'Kathmandu Police Requests People to be Cautious about Online Payment Frauds ', 'sub_title' => '', 'summary' => 'November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Such fraudsters have robbed general public of thousands of rupees in the name of online delivery of goods, said the police. The general people should be cautious and not make online payments without the confirmation of the delivery of goods they order, said Deputy Inspector General of Police Kuber Kadayat, the police spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Lately, there has been a rise in complaints relating to frauds by advertising goods on social media and luring customers to make advance payments and blocking customers' accounts without delivery. Therefore, people should go ahead with online transaction only after checking whether or not the relevant page or account is official," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police have also urged the people in general to report such frauds to the police at the Kathmandu Valley Crime Division, Minbhavan or the district police office. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19321', 'image' => '20231129023756_Online-Payment-Fraud-Prevention-1.jpg', 'article_date' => '2023-11-29 14:37:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19592', 'article_category_id' => '1', 'title' => '10 Commercial Banks Announce Dividends with Preference on Cash Dividends over Bonus Shares', 'sub_title' => '', 'summary' => 'November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">So far, NIC Asia Bank, Everest Bank, Standard Chartered Bank, Sanima Bank, Machhapuchhre Bank, Nabil Bank, Nepal SBI Bank, Global IME Bank, Citizens Bank and Siddharth Bank have declared dividends from the accumulated profits of the previous year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, some banks have emphasized on cash dividends rather than bonus shares this year. Nabil Bank distributed 18.5 percent bonus shares and 11.5 percent cash dividend last year and proposed to give only 11 percent cash dividend this year. Siddharth Bank is giving 4.21% cash dividend, Citizens Bank International 5.79% and Standard Chartered Bank is giving 19% cash dividend. Similarly, Global IME Bank proposed to distribute 1 percent bonus shares and 8 percent cash dividend. Nepal SBI Bank announced to distribute 6.80 percent cash dividend and 3.75 percent bonus shares to the shareholders. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Six out of 10 commercial banks that declared dividends have already received approval from the annual general meeting. NIC Asia Bank, Everest Bank, Sanima Bank, Machhapuchhre Bank, Citizens Bank and Siddharth Bank have passed the proposal from the AGM. These companies have already released the dividends to the shareholders bank accounts. Now, 9 commercial banks listed in the secondary market of securities are yet to declare dividends.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors are divided whether listed companies should give cash dividends or bonus shares. Some people think cash dividend is fair while others think bonus share is better. Advocate Jyoti Dahal, an expert in the securities market, says that bonus share will not give anything qualitative except to increase the paid-up capital of the company while it reduces the net worth and reserves and gives a quantitative increase in the share of the shareholders.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The announcement of bonus shares will increase the price of the shares abnormally for a few days, the operational and resource utilization expenses will increase to maintain the income due to the capital, but there will be no return qualitatively,” said Dahal, adding, “The cash I invested is for dividends. It is the same when it comes to share price after bonus shares are given.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investor SP Chaulagain also says that looking at the international stock market, the market prefers cash dividends over bonus shares. However, he says that there is a trend of giving more priority to bonus shares in the Nepali stock market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In fact, cash dividends are good for the interests of investors and the long-term progress of the company. When the company gives cash dividend, the share price is not adjusted, investors get the dividend. And the net worth of the company remains good.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, listed companies in other countries emphasize on cash dividends rather than bonus shares. It is not considered good to distribute bonus shares there. By issuing bonus shares, the liability and paid-up capital of the company increases.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that looking at the trend of the last few years, it seems that investors are making profits by short-term trading rather than from bonus shares. At various times, the regulatory bodies instructed the listed companies to increase the paid-up capital. As a result, companies are forced to raise capital through bonus shares and other means. For this reason, securities experts say that it is necessary to increase the reserve over the paid-up capital.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19320', 'image' => '20231129023610_Banks - Copy.jpg', 'article_date' => '2023-11-29 14:35:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19591', 'article_category_id' => '1', 'title' => 'Dairy Industries Halt Payment of Rs 5 Billion to Farmers', 'sub_title' => '', 'summary' => 'November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acting Executive Director of the National Dairy Development Board, Balak Chaudhary informed New Business Age that the farmers are yet to receive payments equal to Rs 5 billion from the state-owned Dairy Development Corporation (DDC) along with the private dairies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The DDC alone has to pay around Rs 2 billion while the dairies under the private sector Dairy Industry Association and Nepal Dairy Association are yet to pay the remaining due amount. Around 30 percent of the total milk in the domestic market is purchased by the DDC and the rest is bought by private dairies. Under normal conditions, about 7 million liters of milk is produced every day in Nepal out of which only 3.1 million liters reach the market daily.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chaudhary said that the consumption of milk in the market has decreased due to the recession in the economy and therefore the dairy industries stopped the payment to the farmers stating that they have stocks of powdered milk and butter worth Rs 9.41 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data collected by the board, the DDC has powdered milk and butter worth Rs 400 million, Dairy Industry Association Rs 7.60 billion and Nepal Dairy Association Rs 1.41 billion. “It is not good to stop the payments that farmers are liable to receive. We are taking the initiative to release the payment to the farmers as soon as possible,” added Chaudhary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Chaudhary, milk production usually increases from mid-September to February. However, this year, production had increased since May. Lately, the increase in milk production has started ahead of the usual time due to the farmers’ preference in rearing advanced breeds of cattle and the initiative shown by the local and provincial governments in milk production, says Chaudhary. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of Nepal Dairy Association Prahlad Dahal also admitted that the private dairies are yet to pay about Rs 3 billion to the farmers. He said that they could not make the payment since the powdered milk and butter were not sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">General Secretary of Central Milk Cooperative Federation Ram Prasad Acharya said that the private dairies have reduced the purchase of milk by about 15 percent due to the decrease in the consumption of milk in the market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Dairies sell milk and other dairy products to consumers in cash, but do not pay farmers on time. Farmers are in a critical condition as they haven't received payment for the last three months,” said Acharya adding, “It has become difficult to feed the cattle because the farmers are not getting money even after selling milk.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19319', 'image' => '20231129022419_1700193855.1667860642.w.jpg', 'article_date' => '2023-11-29 14:23:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19588', 'article_category_id' => '1', 'title' => 'SEBON Takes Action against 88 Listed Companies for Delay in Submitting Financial Statements', 'sub_title' => '', 'summary' => 'November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs 5.3 million on 88 listed companies that did not submit financial statements within the stipulated time. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> listed companies that did not submit financial statements within the stipulated time. The board slapped a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">69</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board on Tuesday published the names of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies that faced action</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies that faced action include four development banks, three from the hotel and tourism sector, three from the investment group, one each from commercial and other sector, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> microfinance companies, two life insurance companies, five non-life insurance companies, four companies from the production and processing sector, two finance companies and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower companies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Among the companies listed in the secondary market of securities, majority of those facing action were from the hydropower sector. The board fined Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies from this sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A meeting of the board of directors of SEBON held on November </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">had decided to impose a cash fine on those companies that did not submit their financial statements. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal informed New Business Age that such a large number of listed companies were fined for the first time in the history of SEBON.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal says that any company that defies the rules will be subjected to action. “SEBON will ensure that the rules are followed strictly,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal informed that the board has adopted a zero tolerance policy towards companies that do not publish financial statements within the specified period. He was of the view that the general investors should be able to view the financial statements of listed companies on time. He further said that even those companies that submitted the financial statement one day later than the specified date were also fined.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since the financial statements to be submitted by listed companies are very important for the securities market, the board has taken strict action against those who did not submit such statements on time," said Hamal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board imposed the fines as per Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2063. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to subsection </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, if any person knowingly or maliciously fails to submit the financial statements, details, reports, notices, information or any other similar document in time as required by the Act or the rules or regulations made under the Act, the Board shall impose a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">200,000. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Last July, the board had issued a warning to the companies that it will take legal action if they do not follow the regulations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">SEBON clarified that it took action against those companies that ignored the warning of the board and did not submit the financial statements on time. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies registered with the board need to submit their financial details as mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the SEBON within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> days of the end of the quarterly period and publish such report in a national daily newspaper. Such organizations have to submit the annual report according to Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the board within five months from the end of each fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In addition, the listed companies must include the audited report’s summary with the main points of the compliance report in the annual report in accordance with Sub-section (</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Institutional Governance Guidelines, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2074. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, if there is any event or transaction mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which may affect the market value of the listed securities, there is a provision to submit such information to the Securities Board of Nepal within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19316', 'image' => '20231129014228_Sebon-update.jpg', 'article_date' => '2023-11-29 13:41:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19587', 'article_category_id' => '1', 'title' => 'Climate Change Already Reducing Global GDP: Report ', 'sub_title' => '', 'summary' => 'November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report by the University of Delaware estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The figures reflect both direct consequences of climate change -- such as disruptions to agriculture and manufacturing, and reduced productivity from high heat -- as well as spill-over impacts on global trade and investments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising of the University of Delaware. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I hope that this information can clarify the challenges that many countries already face today and the support they urgently need to address them," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">When calculated without taking into account impacts borne by the average person, the global GDP loss was 1.8 percent of GDP -- or about $1.5 trillion dollars -- in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The difference between those two numbers reflects the uneven distribution of impacts, which concentrate in low-income countries and tropical regions that typically have more population and less GDP," the authors said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Least developed countries experienced higher population-weighted GDP loss of 8.3 percent, with Southeast Asia and Southern Africa particularly affected -- losing 14.1 percent and 11.2 percent of their GDP respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, some developed countries benefited. Thanks to warmer winters Europe saw a nearly five percent net gain in GDP last year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But such gains are "poised to erode" as hotter summers offset milder winters, warns the report. At last year's COP27 talks in Egypt, nations agreed to set up a dedicated fund to help vulnerable countries cope with "loss and damage" from climate disasters and extreme weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While some details were recently agreed, the fund -- and in particular who contributes to it and how much -- will be a key point of negotiation at this year's COP28 talks in Dubai, which begin on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the total 2023 GDP of the developing world, in the last 30 years, the report said. The authors specify that losses are "conservative estimates" because the analysis does not account for non-market losses and impacts. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19315', 'image' => '20231129123152_gdp climate.jpg', 'article_date' => '2023-11-29 12:31:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19585', 'article_category_id' => '1', 'title' => 'KMC to Impose Complete Ban on Sale of Tobacco Products from December 13 ', 'sub_title' => '', 'summary' => 'November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KMC’s Health Department Chief Ram Prasad Poudel said that selling, storage and use of tobacco products packed in plastics shall be fully prohibited in all the 32 wards of the metropolis from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, all tobacco products such as cigarettes, beedi, tamakhu, sulfa, kakkad, raw tobacco packaged in plastics, chewing tobacco, gutkha, paan parag and others will be strictly banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Poudel said that the KMC Police will seize such products if found sold in the market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We have launched a campaign to make Kathmandu a healthy city. We have decided to ban the storage, sale and use of tobacco-based products that are harmful for the people's health and the environment, coinciding with the 29th KMC Day," said the KMC Health Department Chief Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said this provision is included in Clause 42 of the Public Health Act which the KMC issued in 2080 BS. The provision in the Act is being strictly implemented in a bid to reduce the adverse effects tobacco products is having on public health. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tobacco control is the first condition for improving the public health and environment in the city. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19314', 'image' => '20231129110553_tobacco.jpg', 'article_date' => '2023-11-29 11:05:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19586', 'article_category_id' => '1', 'title' => 'NCC urges Japanese Industrialists to Invest in Nepal ', 'sub_title' => '', 'summary' => 'November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. NCC President Rajendra Malla suggested a visiting delegation of the International Cooperation Organisation for Small and Medium Enterprises in Asia (ICOSEA) from Japan on Tuesday to make investment and partnership in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he urged the Japanese entrepreneurs to invest in the hydropower, tourism, industrial and electric sectors in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Nepal and Japan have high-level economic and diplomatic relations. Nepal is the best destination for investment. I urge the Japanese industrialists and businesspersons to invest in the hydropower, tourism, industry, among other sectors, in Nepal," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">ICOSEA president Kurose Nabuhiro had inquired about the prospective sectors for investment in Nepal. He shared that the small and medium enterprises were the hardest-hit sectors after the COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ICOSEA president expressed his commitment to move ahead partnering with NCC for joint investment in the potential sectors for investment, including hydroelectricity, tourism and others, in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19313', 'image' => '20231129113021_Flag-Pins-Nepal-Japan_600x600.jpg', 'article_date' => '2023-11-29 11:27:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19601', 'article_category_id' => '266', 'title' => 'Dabur Chyawanprash: A Remedy for Cough and Cold: 'Advertorial'', 'sub_title' => '', 'summary' => 'November 30: With the onset of winter, Dabur Chyawanprash is an effective way to boost one’s immunity through changing weather cycles, claims Dabur Nepal – a multinational company that produces the time-tested product in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 30: With the onset of winter, Dabur Chyawanprash is an effective way to boost one’s immunity through changing weather cycles, claims Dabur Nepal – a multinational company that produces the time-tested product in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“It is a clinically tested Ayurvedic formulation of more than 41 Ayurvedic herbs that aid in boosting the immune system, thereby protecting the body from everyday infections like cough and cold caused by bacteria, viruses, dust and weather change,” the company said in a statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the company, Dabur Chyawanprash contains many ‘Rasayana’ herbs, which help in prevention of a variety of infections through its “immunomodulatory” effects. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Dabur claims it has conducted various clinical and preclinical studies, which confirm Chyawanprash’s beneficial effect on immunity, seasonal influences, nasal allergies and infections.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company says Dabur Chyawanprash is the perfect solution to a plethora of diseases like cold and cough, respiratory problems to name a few, which are the most prevalent in this season and usually occurs due to low immunity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“During cycles of season change there is a sudden temperature change, which leads to infections and illnesses like cough, cold and flu. Enhancing immunity is an effective way to fight such diseases.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The key ingredient of Dabur Chyawanprash is Amla (Indian gooseberry) which is known for its immunity building properties, the company said adding: Other ingredients like Guduchi, Pippali, Shatavari, Vidarikand, Haritaki, Kantakari, Kakdashingi, Bhumyaamalaki, Vasaka, Pushkarmool, Prishniparni, Shalparni, etc helps in alleviating the common infections and allergies of respiratory system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“An amalgamation of these ingredients makes Chyawanprash a perfect blend of herbs to provide immunity for better health in the winter season.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Moreover, Dabur Chyawanprash can do an incredible job in promoting lungpower, adds the statement. According to the company, it nourishes the mucous membrane and helps in maintaining the respiratory passage clean and clear. Therefore, it is taken as a tonic in winter months as it supports natural resistance, lends strength, energy to combat infections by boosting overall health and wellbeing.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chyawanprash also aids the body in the production of hemoglobin and white blood cells, which are vital for fighting infections, claimed the company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Sanskrit, the word Prash means specially prepared food. Two ancient sages reportedly formulated it for restoring youth to an elderly sage Chyawan- hence named Chyawanprash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ingredients used in Chyawanparsh including ghee, sesame oil and honey serve as catalytic agents to carry herbs deep into the cells while honey helps in neutralizing and safeguarding the effects of other major ingredients, added the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As a proven and rich source of vitamin C and antioxidants, Dabur Chyawanprash provides a multitude of health benefits.According to Dabur Nepal, amla, the vital component in chyawanprash, detoxifies the body and cleanses the blood, liver, spleen and the lungs. It enhances youthfulness and promotes healthy muscle mass and tones the body.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash strongly supports the digestion process in a systemic level. It promotes healthy movement of gases and regular elimination of waste. Furthermore, it regulates blood sugar and cholesterol levels in normal range. It is a great supplement in maintaining and stimulating proper metabolism.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company added that Chyawanprash plays a vital role in triggering the reproductive system and promotes vitality and sexual health. In addition, Chyawanprash promotes fertility, healthy libido, and sexual stamina in both men and women.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash can help in clearing out the toxins present in the body to give a glowing skin. Moreover, the amla, ghee, and honey present in it are also beneficial for promoting healthy skin.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-12-03', 'keywords' => '', 'description' => '', 'sortorder' => '19329', 'image' => '20231130010230_dabur.jpg', 'article_date' => '2023-11-30 13:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19594', 'article_category_id' => '1', 'title' => 'NTA Seeks ISP Replies on TikTok Ban', 'sub_title' => '', 'summary' => 'The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Issuing a public notice today, the NTA has sought the submissions of replies within the next 24 hours, warning that failure to do so may result in the cancellation of their licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> According to NTA deputy-director and information officer, Surya Prasad Lamichhane, earlier too, a notice was issued to all internet and mobile service providers, requesting information about the status of the implementation of the government's decision to prohibit TikTok.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> However, as of now, the NTA has not received any updates on the matter. The government officially decided to ban the use of TikTok through the Cabinet meeting on November 13, citing its 'negative impact' on social harmony. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19322', 'image' => '20231129033155_collage (11).jpg', 'article_date' => '2023-11-29 15:30:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19593', 'article_category_id' => '1', 'title' => 'Kathmandu Police Requests People to be Cautious about Online Payment Frauds ', 'sub_title' => '', 'summary' => 'November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Such fraudsters have robbed general public of thousands of rupees in the name of online delivery of goods, said the police. The general people should be cautious and not make online payments without the confirmation of the delivery of goods they order, said Deputy Inspector General of Police Kuber Kadayat, the police spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Lately, there has been a rise in complaints relating to frauds by advertising goods on social media and luring customers to make advance payments and blocking customers' accounts without delivery. Therefore, people should go ahead with online transaction only after checking whether or not the relevant page or account is official," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police have also urged the people in general to report such frauds to the police at the Kathmandu Valley Crime Division, Minbhavan or the district police office. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19321', 'image' => '20231129023756_Online-Payment-Fraud-Prevention-1.jpg', 'article_date' => '2023-11-29 14:37:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19592', 'article_category_id' => '1', 'title' => '10 Commercial Banks Announce Dividends with Preference on Cash Dividends over Bonus Shares', 'sub_title' => '', 'summary' => 'November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">So far, NIC Asia Bank, Everest Bank, Standard Chartered Bank, Sanima Bank, Machhapuchhre Bank, Nabil Bank, Nepal SBI Bank, Global IME Bank, Citizens Bank and Siddharth Bank have declared dividends from the accumulated profits of the previous year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, some banks have emphasized on cash dividends rather than bonus shares this year. Nabil Bank distributed 18.5 percent bonus shares and 11.5 percent cash dividend last year and proposed to give only 11 percent cash dividend this year. Siddharth Bank is giving 4.21% cash dividend, Citizens Bank International 5.79% and Standard Chartered Bank is giving 19% cash dividend. Similarly, Global IME Bank proposed to distribute 1 percent bonus shares and 8 percent cash dividend. Nepal SBI Bank announced to distribute 6.80 percent cash dividend and 3.75 percent bonus shares to the shareholders. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Six out of 10 commercial banks that declared dividends have already received approval from the annual general meeting. NIC Asia Bank, Everest Bank, Sanima Bank, Machhapuchhre Bank, Citizens Bank and Siddharth Bank have passed the proposal from the AGM. These companies have already released the dividends to the shareholders bank accounts. Now, 9 commercial banks listed in the secondary market of securities are yet to declare dividends.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors are divided whether listed companies should give cash dividends or bonus shares. Some people think cash dividend is fair while others think bonus share is better. Advocate Jyoti Dahal, an expert in the securities market, says that bonus share will not give anything qualitative except to increase the paid-up capital of the company while it reduces the net worth and reserves and gives a quantitative increase in the share of the shareholders.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The announcement of bonus shares will increase the price of the shares abnormally for a few days, the operational and resource utilization expenses will increase to maintain the income due to the capital, but there will be no return qualitatively,” said Dahal, adding, “The cash I invested is for dividends. It is the same when it comes to share price after bonus shares are given.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investor SP Chaulagain also says that looking at the international stock market, the market prefers cash dividends over bonus shares. However, he says that there is a trend of giving more priority to bonus shares in the Nepali stock market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In fact, cash dividends are good for the interests of investors and the long-term progress of the company. When the company gives cash dividend, the share price is not adjusted, investors get the dividend. And the net worth of the company remains good.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, listed companies in other countries emphasize on cash dividends rather than bonus shares. It is not considered good to distribute bonus shares there. By issuing bonus shares, the liability and paid-up capital of the company increases.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that looking at the trend of the last few years, it seems that investors are making profits by short-term trading rather than from bonus shares. At various times, the regulatory bodies instructed the listed companies to increase the paid-up capital. As a result, companies are forced to raise capital through bonus shares and other means. For this reason, securities experts say that it is necessary to increase the reserve over the paid-up capital.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19320', 'image' => '20231129023610_Banks - Copy.jpg', 'article_date' => '2023-11-29 14:35:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19591', 'article_category_id' => '1', 'title' => 'Dairy Industries Halt Payment of Rs 5 Billion to Farmers', 'sub_title' => '', 'summary' => 'November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acting Executive Director of the National Dairy Development Board, Balak Chaudhary informed New Business Age that the farmers are yet to receive payments equal to Rs 5 billion from the state-owned Dairy Development Corporation (DDC) along with the private dairies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The DDC alone has to pay around Rs 2 billion while the dairies under the private sector Dairy Industry Association and Nepal Dairy Association are yet to pay the remaining due amount. Around 30 percent of the total milk in the domestic market is purchased by the DDC and the rest is bought by private dairies. Under normal conditions, about 7 million liters of milk is produced every day in Nepal out of which only 3.1 million liters reach the market daily.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chaudhary said that the consumption of milk in the market has decreased due to the recession in the economy and therefore the dairy industries stopped the payment to the farmers stating that they have stocks of powdered milk and butter worth Rs 9.41 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data collected by the board, the DDC has powdered milk and butter worth Rs 400 million, Dairy Industry Association Rs 7.60 billion and Nepal Dairy Association Rs 1.41 billion. “It is not good to stop the payments that farmers are liable to receive. We are taking the initiative to release the payment to the farmers as soon as possible,” added Chaudhary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Chaudhary, milk production usually increases from mid-September to February. However, this year, production had increased since May. Lately, the increase in milk production has started ahead of the usual time due to the farmers’ preference in rearing advanced breeds of cattle and the initiative shown by the local and provincial governments in milk production, says Chaudhary. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of Nepal Dairy Association Prahlad Dahal also admitted that the private dairies are yet to pay about Rs 3 billion to the farmers. He said that they could not make the payment since the powdered milk and butter were not sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">General Secretary of Central Milk Cooperative Federation Ram Prasad Acharya said that the private dairies have reduced the purchase of milk by about 15 percent due to the decrease in the consumption of milk in the market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Dairies sell milk and other dairy products to consumers in cash, but do not pay farmers on time. Farmers are in a critical condition as they haven't received payment for the last three months,” said Acharya adding, “It has become difficult to feed the cattle because the farmers are not getting money even after selling milk.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19319', 'image' => '20231129022419_1700193855.1667860642.w.jpg', 'article_date' => '2023-11-29 14:23:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19588', 'article_category_id' => '1', 'title' => 'SEBON Takes Action against 88 Listed Companies for Delay in Submitting Financial Statements', 'sub_title' => '', 'summary' => 'November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs 5.3 million on 88 listed companies that did not submit financial statements within the stipulated time. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> listed companies that did not submit financial statements within the stipulated time. The board slapped a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">69</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board on Tuesday published the names of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies that faced action</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies that faced action include four development banks, three from the hotel and tourism sector, three from the investment group, one each from commercial and other sector, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> microfinance companies, two life insurance companies, five non-life insurance companies, four companies from the production and processing sector, two finance companies and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower companies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Among the companies listed in the secondary market of securities, majority of those facing action were from the hydropower sector. The board fined Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies from this sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A meeting of the board of directors of SEBON held on November </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">had decided to impose a cash fine on those companies that did not submit their financial statements. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal informed New Business Age that such a large number of listed companies were fined for the first time in the history of SEBON.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal says that any company that defies the rules will be subjected to action. “SEBON will ensure that the rules are followed strictly,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal informed that the board has adopted a zero tolerance policy towards companies that do not publish financial statements within the specified period. He was of the view that the general investors should be able to view the financial statements of listed companies on time. He further said that even those companies that submitted the financial statement one day later than the specified date were also fined.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since the financial statements to be submitted by listed companies are very important for the securities market, the board has taken strict action against those who did not submit such statements on time," said Hamal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board imposed the fines as per Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2063. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to subsection </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, if any person knowingly or maliciously fails to submit the financial statements, details, reports, notices, information or any other similar document in time as required by the Act or the rules or regulations made under the Act, the Board shall impose a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">200,000. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Last July, the board had issued a warning to the companies that it will take legal action if they do not follow the regulations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">SEBON clarified that it took action against those companies that ignored the warning of the board and did not submit the financial statements on time. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies registered with the board need to submit their financial details as mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the SEBON within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> days of the end of the quarterly period and publish such report in a national daily newspaper. Such organizations have to submit the annual report according to Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the board within five months from the end of each fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In addition, the listed companies must include the audited report’s summary with the main points of the compliance report in the annual report in accordance with Sub-section (</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Institutional Governance Guidelines, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2074. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, if there is any event or transaction mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which may affect the market value of the listed securities, there is a provision to submit such information to the Securities Board of Nepal within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19316', 'image' => '20231129014228_Sebon-update.jpg', 'article_date' => '2023-11-29 13:41:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19587', 'article_category_id' => '1', 'title' => 'Climate Change Already Reducing Global GDP: Report ', 'sub_title' => '', 'summary' => 'November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report by the University of Delaware estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The figures reflect both direct consequences of climate change -- such as disruptions to agriculture and manufacturing, and reduced productivity from high heat -- as well as spill-over impacts on global trade and investments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising of the University of Delaware. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I hope that this information can clarify the challenges that many countries already face today and the support they urgently need to address them," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">When calculated without taking into account impacts borne by the average person, the global GDP loss was 1.8 percent of GDP -- or about $1.5 trillion dollars -- in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The difference between those two numbers reflects the uneven distribution of impacts, which concentrate in low-income countries and tropical regions that typically have more population and less GDP," the authors said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Least developed countries experienced higher population-weighted GDP loss of 8.3 percent, with Southeast Asia and Southern Africa particularly affected -- losing 14.1 percent and 11.2 percent of their GDP respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, some developed countries benefited. Thanks to warmer winters Europe saw a nearly five percent net gain in GDP last year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But such gains are "poised to erode" as hotter summers offset milder winters, warns the report. At last year's COP27 talks in Egypt, nations agreed to set up a dedicated fund to help vulnerable countries cope with "loss and damage" from climate disasters and extreme weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While some details were recently agreed, the fund -- and in particular who contributes to it and how much -- will be a key point of negotiation at this year's COP28 talks in Dubai, which begin on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the total 2023 GDP of the developing world, in the last 30 years, the report said. The authors specify that losses are "conservative estimates" because the analysis does not account for non-market losses and impacts. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19315', 'image' => '20231129123152_gdp climate.jpg', 'article_date' => '2023-11-29 12:31:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19585', 'article_category_id' => '1', 'title' => 'KMC to Impose Complete Ban on Sale of Tobacco Products from December 13 ', 'sub_title' => '', 'summary' => 'November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KMC’s Health Department Chief Ram Prasad Poudel said that selling, storage and use of tobacco products packed in plastics shall be fully prohibited in all the 32 wards of the metropolis from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, all tobacco products such as cigarettes, beedi, tamakhu, sulfa, kakkad, raw tobacco packaged in plastics, chewing tobacco, gutkha, paan parag and others will be strictly banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Poudel said that the KMC Police will seize such products if found sold in the market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We have launched a campaign to make Kathmandu a healthy city. We have decided to ban the storage, sale and use of tobacco-based products that are harmful for the people's health and the environment, coinciding with the 29th KMC Day," said the KMC Health Department Chief Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said this provision is included in Clause 42 of the Public Health Act which the KMC issued in 2080 BS. The provision in the Act is being strictly implemented in a bid to reduce the adverse effects tobacco products is having on public health. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tobacco control is the first condition for improving the public health and environment in the city. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19314', 'image' => '20231129110553_tobacco.jpg', 'article_date' => '2023-11-29 11:05:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19586', 'article_category_id' => '1', 'title' => 'NCC urges Japanese Industrialists to Invest in Nepal ', 'sub_title' => '', 'summary' => 'November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. NCC President Rajendra Malla suggested a visiting delegation of the International Cooperation Organisation for Small and Medium Enterprises in Asia (ICOSEA) from Japan on Tuesday to make investment and partnership in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he urged the Japanese entrepreneurs to invest in the hydropower, tourism, industrial and electric sectors in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Nepal and Japan have high-level economic and diplomatic relations. Nepal is the best destination for investment. I urge the Japanese industrialists and businesspersons to invest in the hydropower, tourism, industry, among other sectors, in Nepal," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">ICOSEA president Kurose Nabuhiro had inquired about the prospective sectors for investment in Nepal. He shared that the small and medium enterprises were the hardest-hit sectors after the COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ICOSEA president expressed his commitment to move ahead partnering with NCC for joint investment in the potential sectors for investment, including hydroelectricity, tourism and others, in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19313', 'image' => '20231129113021_Flag-Pins-Nepal-Japan_600x600.jpg', 'article_date' => '2023-11-29 11:27:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19601', 'article_category_id' => '266', 'title' => 'Dabur Chyawanprash: A Remedy for Cough and Cold: 'Advertorial'', 'sub_title' => '', 'summary' => 'November 30: With the onset of winter, Dabur Chyawanprash is an effective way to boost one’s immunity through changing weather cycles, claims Dabur Nepal – a multinational company that produces the time-tested product in Nepal.', 'content' => '<p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">November 30: With the onset of winter, Dabur Chyawanprash is an effective way to boost one’s immunity through changing weather cycles, claims Dabur Nepal – a multinational company that produces the time-tested product in Nepal.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“It is a clinically tested Ayurvedic formulation of more than 41 Ayurvedic herbs that aid in boosting the immune system, thereby protecting the body from everyday infections like cough and cold caused by bacteria, viruses, dust and weather change,” the company said in a statement.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">According to the company, Dabur Chyawanprash contains many ‘Rasayana’ herbs, which help in prevention of a variety of infections through its “immunomodulatory” effects. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Dabur claims it has conducted various clinical and preclinical studies, which confirm Chyawanprash’s beneficial effect on immunity, seasonal influences, nasal allergies and infections.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company says Dabur Chyawanprash is the perfect solution to a plethora of diseases like cold and cough, respiratory problems to name a few, which are the most prevalent in this season and usually occurs due to low immunity.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“During cycles of season change there is a sudden temperature change, which leads to infections and illnesses like cough, cold and flu. Enhancing immunity is an effective way to fight such diseases.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The key ingredient of Dabur Chyawanprash is Amla (Indian gooseberry) which is known for its immunity building properties, the company said adding: Other ingredients like Guduchi, Pippali, Shatavari, Vidarikand, Haritaki, Kantakari, Kakdashingi, Bhumyaamalaki, Vasaka, Pushkarmool, Prishniparni, Shalparni, etc helps in alleviating the common infections and allergies of respiratory system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“An amalgamation of these ingredients makes Chyawanprash a perfect blend of herbs to provide immunity for better health in the winter season.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Moreover, Dabur Chyawanprash can do an incredible job in promoting lungpower, adds the statement. According to the company, it nourishes the mucous membrane and helps in maintaining the respiratory passage clean and clear. Therefore, it is taken as a tonic in winter months as it supports natural resistance, lends strength, energy to combat infections by boosting overall health and wellbeing.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chyawanprash also aids the body in the production of hemoglobin and white blood cells, which are vital for fighting infections, claimed the company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Sanskrit, the word Prash means specially prepared food. Two ancient sages reportedly formulated it for restoring youth to an elderly sage Chyawan- hence named Chyawanprash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ingredients used in Chyawanparsh including ghee, sesame oil and honey serve as catalytic agents to carry herbs deep into the cells while honey helps in neutralizing and safeguarding the effects of other major ingredients, added the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As a proven and rich source of vitamin C and antioxidants, Dabur Chyawanprash provides a multitude of health benefits.According to Dabur Nepal, amla, the vital component in chyawanprash, detoxifies the body and cleanses the blood, liver, spleen and the lungs. It enhances youthfulness and promotes healthy muscle mass and tones the body.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash strongly supports the digestion process in a systemic level. It promotes healthy movement of gases and regular elimination of waste. Furthermore, it regulates blood sugar and cholesterol levels in normal range. It is a great supplement in maintaining and stimulating proper metabolism.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company added that Chyawanprash plays a vital role in triggering the reproductive system and promotes vitality and sexual health. In addition, Chyawanprash promotes fertility, healthy libido, and sexual stamina in both men and women.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash can help in clearing out the toxins present in the body to give a glowing skin. Moreover, the amla, ghee, and honey present in it are also beneficial for promoting healthy skin.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-12-03', 'keywords' => '', 'description' => '', 'sortorder' => '19329', 'image' => '20231130010230_dabur.jpg', 'article_date' => '2023-11-30 13:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19594', 'article_category_id' => '1', 'title' => 'NTA Seeks ISP Replies on TikTok Ban', 'sub_title' => '', 'summary' => 'The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Issuing a public notice today, the NTA has sought the submissions of replies within the next 24 hours, warning that failure to do so may result in the cancellation of their licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> According to NTA deputy-director and information officer, Surya Prasad Lamichhane, earlier too, a notice was issued to all internet and mobile service providers, requesting information about the status of the implementation of the government's decision to prohibit TikTok.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> However, as of now, the NTA has not received any updates on the matter. The government officially decided to ban the use of TikTok through the Cabinet meeting on November 13, citing its 'negative impact' on social harmony. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19322', 'image' => '20231129033155_collage (11).jpg', 'article_date' => '2023-11-29 15:30:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19593', 'article_category_id' => '1', 'title' => 'Kathmandu Police Requests People to be Cautious about Online Payment Frauds ', 'sub_title' => '', 'summary' => 'November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Such fraudsters have robbed general public of thousands of rupees in the name of online delivery of goods, said the police. The general people should be cautious and not make online payments without the confirmation of the delivery of goods they order, said Deputy Inspector General of Police Kuber Kadayat, the police spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Lately, there has been a rise in complaints relating to frauds by advertising goods on social media and luring customers to make advance payments and blocking customers' accounts without delivery. Therefore, people should go ahead with online transaction only after checking whether or not the relevant page or account is official," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police have also urged the people in general to report such frauds to the police at the Kathmandu Valley Crime Division, Minbhavan or the district police office. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19321', 'image' => '20231129023756_Online-Payment-Fraud-Prevention-1.jpg', 'article_date' => '2023-11-29 14:37:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19592', 'article_category_id' => '1', 'title' => '10 Commercial Banks Announce Dividends with Preference on Cash Dividends over Bonus Shares', 'sub_title' => '', 'summary' => 'November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">So far, NIC Asia Bank, Everest Bank, Standard Chartered Bank, Sanima Bank, Machhapuchhre Bank, Nabil Bank, Nepal SBI Bank, Global IME Bank, Citizens Bank and Siddharth Bank have declared dividends from the accumulated profits of the previous year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, some banks have emphasized on cash dividends rather than bonus shares this year. Nabil Bank distributed 18.5 percent bonus shares and 11.5 percent cash dividend last year and proposed to give only 11 percent cash dividend this year. Siddharth Bank is giving 4.21% cash dividend, Citizens Bank International 5.79% and Standard Chartered Bank is giving 19% cash dividend. Similarly, Global IME Bank proposed to distribute 1 percent bonus shares and 8 percent cash dividend. Nepal SBI Bank announced to distribute 6.80 percent cash dividend and 3.75 percent bonus shares to the shareholders. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Six out of 10 commercial banks that declared dividends have already received approval from the annual general meeting. NIC Asia Bank, Everest Bank, Sanima Bank, Machhapuchhre Bank, Citizens Bank and Siddharth Bank have passed the proposal from the AGM. These companies have already released the dividends to the shareholders bank accounts. Now, 9 commercial banks listed in the secondary market of securities are yet to declare dividends.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors are divided whether listed companies should give cash dividends or bonus shares. Some people think cash dividend is fair while others think bonus share is better. Advocate Jyoti Dahal, an expert in the securities market, says that bonus share will not give anything qualitative except to increase the paid-up capital of the company while it reduces the net worth and reserves and gives a quantitative increase in the share of the shareholders.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The announcement of bonus shares will increase the price of the shares abnormally for a few days, the operational and resource utilization expenses will increase to maintain the income due to the capital, but there will be no return qualitatively,” said Dahal, adding, “The cash I invested is for dividends. It is the same when it comes to share price after bonus shares are given.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investor SP Chaulagain also says that looking at the international stock market, the market prefers cash dividends over bonus shares. However, he says that there is a trend of giving more priority to bonus shares in the Nepali stock market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In fact, cash dividends are good for the interests of investors and the long-term progress of the company. When the company gives cash dividend, the share price is not adjusted, investors get the dividend. And the net worth of the company remains good.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, listed companies in other countries emphasize on cash dividends rather than bonus shares. It is not considered good to distribute bonus shares there. By issuing bonus shares, the liability and paid-up capital of the company increases.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that looking at the trend of the last few years, it seems that investors are making profits by short-term trading rather than from bonus shares. At various times, the regulatory bodies instructed the listed companies to increase the paid-up capital. As a result, companies are forced to raise capital through bonus shares and other means. For this reason, securities experts say that it is necessary to increase the reserve over the paid-up capital.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19320', 'image' => '20231129023610_Banks - Copy.jpg', 'article_date' => '2023-11-29 14:35:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19591', 'article_category_id' => '1', 'title' => 'Dairy Industries Halt Payment of Rs 5 Billion to Farmers', 'sub_title' => '', 'summary' => 'November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acting Executive Director of the National Dairy Development Board, Balak Chaudhary informed New Business Age that the farmers are yet to receive payments equal to Rs 5 billion from the state-owned Dairy Development Corporation (DDC) along with the private dairies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The DDC alone has to pay around Rs 2 billion while the dairies under the private sector Dairy Industry Association and Nepal Dairy Association are yet to pay the remaining due amount. Around 30 percent of the total milk in the domestic market is purchased by the DDC and the rest is bought by private dairies. Under normal conditions, about 7 million liters of milk is produced every day in Nepal out of which only 3.1 million liters reach the market daily.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chaudhary said that the consumption of milk in the market has decreased due to the recession in the economy and therefore the dairy industries stopped the payment to the farmers stating that they have stocks of powdered milk and butter worth Rs 9.41 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data collected by the board, the DDC has powdered milk and butter worth Rs 400 million, Dairy Industry Association Rs 7.60 billion and Nepal Dairy Association Rs 1.41 billion. “It is not good to stop the payments that farmers are liable to receive. We are taking the initiative to release the payment to the farmers as soon as possible,” added Chaudhary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Chaudhary, milk production usually increases from mid-September to February. However, this year, production had increased since May. Lately, the increase in milk production has started ahead of the usual time due to the farmers’ preference in rearing advanced breeds of cattle and the initiative shown by the local and provincial governments in milk production, says Chaudhary. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of Nepal Dairy Association Prahlad Dahal also admitted that the private dairies are yet to pay about Rs 3 billion to the farmers. He said that they could not make the payment since the powdered milk and butter were not sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">General Secretary of Central Milk Cooperative Federation Ram Prasad Acharya said that the private dairies have reduced the purchase of milk by about 15 percent due to the decrease in the consumption of milk in the market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Dairies sell milk and other dairy products to consumers in cash, but do not pay farmers on time. Farmers are in a critical condition as they haven't received payment for the last three months,” said Acharya adding, “It has become difficult to feed the cattle because the farmers are not getting money even after selling milk.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19319', 'image' => '20231129022419_1700193855.1667860642.w.jpg', 'article_date' => '2023-11-29 14:23:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19588', 'article_category_id' => '1', 'title' => 'SEBON Takes Action against 88 Listed Companies for Delay in Submitting Financial Statements', 'sub_title' => '', 'summary' => 'November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs 5.3 million on 88 listed companies that did not submit financial statements within the stipulated time. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> listed companies that did not submit financial statements within the stipulated time. The board slapped a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">69</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board on Tuesday published the names of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies that faced action</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies that faced action include four development banks, three from the hotel and tourism sector, three from the investment group, one each from commercial and other sector, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> microfinance companies, two life insurance companies, five non-life insurance companies, four companies from the production and processing sector, two finance companies and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower companies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Among the companies listed in the secondary market of securities, majority of those facing action were from the hydropower sector. The board fined Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies from this sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A meeting of the board of directors of SEBON held on November </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">had decided to impose a cash fine on those companies that did not submit their financial statements. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal informed New Business Age that such a large number of listed companies were fined for the first time in the history of SEBON.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal says that any company that defies the rules will be subjected to action. “SEBON will ensure that the rules are followed strictly,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal informed that the board has adopted a zero tolerance policy towards companies that do not publish financial statements within the specified period. He was of the view that the general investors should be able to view the financial statements of listed companies on time. He further said that even those companies that submitted the financial statement one day later than the specified date were also fined.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since the financial statements to be submitted by listed companies are very important for the securities market, the board has taken strict action against those who did not submit such statements on time," said Hamal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board imposed the fines as per Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2063. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to subsection </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, if any person knowingly or maliciously fails to submit the financial statements, details, reports, notices, information or any other similar document in time as required by the Act or the rules or regulations made under the Act, the Board shall impose a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">200,000. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Last July, the board had issued a warning to the companies that it will take legal action if they do not follow the regulations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">SEBON clarified that it took action against those companies that ignored the warning of the board and did not submit the financial statements on time. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies registered with the board need to submit their financial details as mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the SEBON within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> days of the end of the quarterly period and publish such report in a national daily newspaper. Such organizations have to submit the annual report according to Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the board within five months from the end of each fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In addition, the listed companies must include the audited report’s summary with the main points of the compliance report in the annual report in accordance with Sub-section (</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Institutional Governance Guidelines, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2074. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, if there is any event or transaction mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which may affect the market value of the listed securities, there is a provision to submit such information to the Securities Board of Nepal within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19316', 'image' => '20231129014228_Sebon-update.jpg', 'article_date' => '2023-11-29 13:41:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19587', 'article_category_id' => '1', 'title' => 'Climate Change Already Reducing Global GDP: Report ', 'sub_title' => '', 'summary' => 'November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report by the University of Delaware estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The figures reflect both direct consequences of climate change -- such as disruptions to agriculture and manufacturing, and reduced productivity from high heat -- as well as spill-over impacts on global trade and investments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising of the University of Delaware. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I hope that this information can clarify the challenges that many countries already face today and the support they urgently need to address them," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">When calculated without taking into account impacts borne by the average person, the global GDP loss was 1.8 percent of GDP -- or about $1.5 trillion dollars -- in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The difference between those two numbers reflects the uneven distribution of impacts, which concentrate in low-income countries and tropical regions that typically have more population and less GDP," the authors said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Least developed countries experienced higher population-weighted GDP loss of 8.3 percent, with Southeast Asia and Southern Africa particularly affected -- losing 14.1 percent and 11.2 percent of their GDP respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, some developed countries benefited. Thanks to warmer winters Europe saw a nearly five percent net gain in GDP last year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But such gains are "poised to erode" as hotter summers offset milder winters, warns the report. At last year's COP27 talks in Egypt, nations agreed to set up a dedicated fund to help vulnerable countries cope with "loss and damage" from climate disasters and extreme weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While some details were recently agreed, the fund -- and in particular who contributes to it and how much -- will be a key point of negotiation at this year's COP28 talks in Dubai, which begin on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the total 2023 GDP of the developing world, in the last 30 years, the report said. The authors specify that losses are "conservative estimates" because the analysis does not account for non-market losses and impacts. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19315', 'image' => '20231129123152_gdp climate.jpg', 'article_date' => '2023-11-29 12:31:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19585', 'article_category_id' => '1', 'title' => 'KMC to Impose Complete Ban on Sale of Tobacco Products from December 13 ', 'sub_title' => '', 'summary' => 'November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KMC’s Health Department Chief Ram Prasad Poudel said that selling, storage and use of tobacco products packed in plastics shall be fully prohibited in all the 32 wards of the metropolis from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, all tobacco products such as cigarettes, beedi, tamakhu, sulfa, kakkad, raw tobacco packaged in plastics, chewing tobacco, gutkha, paan parag and others will be strictly banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Poudel said that the KMC Police will seize such products if found sold in the market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We have launched a campaign to make Kathmandu a healthy city. We have decided to ban the storage, sale and use of tobacco-based products that are harmful for the people's health and the environment, coinciding with the 29th KMC Day," said the KMC Health Department Chief Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said this provision is included in Clause 42 of the Public Health Act which the KMC issued in 2080 BS. The provision in the Act is being strictly implemented in a bid to reduce the adverse effects tobacco products is having on public health. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tobacco control is the first condition for improving the public health and environment in the city. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19314', 'image' => '20231129110553_tobacco.jpg', 'article_date' => '2023-11-29 11:05:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19586', 'article_category_id' => '1', 'title' => 'NCC urges Japanese Industrialists to Invest in Nepal ', 'sub_title' => '', 'summary' => 'November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. NCC President Rajendra Malla suggested a visiting delegation of the International Cooperation Organisation for Small and Medium Enterprises in Asia (ICOSEA) from Japan on Tuesday to make investment and partnership in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he urged the Japanese entrepreneurs to invest in the hydropower, tourism, industrial and electric sectors in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Nepal and Japan have high-level economic and diplomatic relations. Nepal is the best destination for investment. I urge the Japanese industrialists and businesspersons to invest in the hydropower, tourism, industry, among other sectors, in Nepal," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">ICOSEA president Kurose Nabuhiro had inquired about the prospective sectors for investment in Nepal. He shared that the small and medium enterprises were the hardest-hit sectors after the COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ICOSEA president expressed his commitment to move ahead partnering with NCC for joint investment in the potential sectors for investment, including hydroelectricity, tourism and others, in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19313', 'image' => '20231129113021_Flag-Pins-Nepal-Japan_600x600.jpg', 'article_date' => '2023-11-29 11:27:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Enhancing immunity is an effective way to fight such diseases.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The key ingredient of Dabur Chyawanprash is Amla (Indian gooseberry) which is known for its immunity building properties, the company said adding: Other ingredients like Guduchi, Pippali, Shatavari, Vidarikand, Haritaki, Kantakari, Kakdashingi, Bhumyaamalaki, Vasaka, Pushkarmool, Prishniparni, Shalparni, etc helps in alleviating the common infections and allergies of respiratory system. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“An amalgamation of these ingredients makes Chyawanprash a perfect blend of herbs to provide immunity for better health in the winter season.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Moreover, Dabur Chyawanprash can do an incredible job in promoting lungpower, adds the statement. According to the company, it nourishes the mucous membrane and helps in maintaining the respiratory passage clean and clear. Therefore, it is taken as a tonic in winter months as it supports natural resistance, lends strength, energy to combat infections by boosting overall health and wellbeing.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">Chyawanprash also aids the body in the production of hemoglobin and white blood cells, which are vital for fighting infections, claimed the company. </span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">In Sanskrit, the word Prash means specially prepared food. Two ancient sages reportedly formulated it for restoring youth to an elderly sage Chyawan- hence named Chyawanprash.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The ingredients used in Chyawanparsh including ghee, sesame oil and honey serve as catalytic agents to carry herbs deep into the cells while honey helps in neutralizing and safeguarding the effects of other major ingredients, added the company.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">As a proven and rich source of vitamin C and antioxidants, Dabur Chyawanprash provides a multitude of health benefits.According to Dabur Nepal, amla, the vital component in chyawanprash, detoxifies the body and cleanses the blood, liver, spleen and the lungs. It enhances youthfulness and promotes healthy muscle mass and tones the body.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash strongly supports the digestion process in a systemic level. It promotes healthy movement of gases and regular elimination of waste. Furthermore, it regulates blood sugar and cholesterol levels in normal range. It is a great supplement in maintaining and stimulating proper metabolism.”</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">The company added that Chyawanprash plays a vital role in triggering the reproductive system and promotes vitality and sexual health. In addition, Chyawanprash promotes fertility, healthy libido, and sexual stamina in both men and women.</span></span></p> <p><span style="font-size:18px"><span style="font-family:"Times New Roman","serif"">“Chyawanprash can help in clearing out the toxins present in the body to give a glowing skin. Moreover, the amla, ghee, and honey present in it are also beneficial for promoting healthy skin.”</span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-12-03', 'keywords' => '', 'description' => '', 'sortorder' => '19329', 'image' => '20231130010230_dabur.jpg', 'article_date' => '2023-11-30 13:00:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19600', 'article_category_id' => '1', 'title' => 'Service Sector will Require Ten Million Human Resources after Two Decades', 'sub_title' => '', 'summary' => 'November 30: The government has projected that 10 million manpower will be needed in the country's service sector after two decades.', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: The government has projected that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million manpower will be needed in the country's service sector after two decades. A study on manpower projection conducted by the Ministry of Education has shown that a large number of manpower will be required in the service sector after two decades.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the projection, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">84</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">13</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">898</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">human resource will be required in the service sector in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2090</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">BS and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">03</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif""> 00</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> BS</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">By the end of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the current Nepali year, it is estimated that </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">45</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">74</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">693</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> manpower will be needed in the service sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The national manpower policy issued by the government has pointed out problems such as ensuring the areas of human resource generation, distribution and utilization. I has also identified lack of scientific projection of sectoral manpower, lack of coordination between the demand and supply of produced manpower, lack of an integrated mechanism to coordinate human resource activities.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is currently holding intensive discussions to implement the policy. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">This policy is necessary for the development of sustainable and balanced national human resource by identifying the needs of every sector. The policy envisages creating human capital with technical, professional, scientific and managerial knowledge, endowed with skill and technology. The policy also suggests taking into consideration the demand and supply before producing human resources.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government is planning to form a human resource development commission or a committee with the participation of concerned ministries and the private sector to identify the issue of employment areas at the federal, state and local levels.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The government will also set training standards. Issues such as self employment and employment will also be given due consideration.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Under Secretary at the Ministry of Education, Arjun Shrestha, said that this policy has made projections for various sectors and how to manage human resources. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19328', 'image' => '20231130123625_human-resource-management.jpeg', 'article_date' => '2023-11-30 12:35:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19599', 'article_category_id' => '1', 'title' => 'Axiata Announces Exit from Ncell', 'sub_title' => '', 'summary' => 'November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 30: Malaysian company Axiata Group Berhad, the main investor of Ncell Axiata Limited, one of the leading telecom companies in Nepal, has announced that it will leave the company. </span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group Berhad has announced that it will exit the company by selling its assets and liabilities citing falling business in Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata announced the sale of shares in its quarterly report of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> published on Wednesday. The decision to sell the shares in Ncell has been approved by the Board of Directors meeting held on September </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">29</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also mentions that the purchase and sale will be completed within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">12</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> months after the decision to sell the shares is approved.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Axiata Group entered Nepal in purchasing the shares of Ncell from Reynolds Holding Limited of West Indies. The Malaysian company’s share in Ncell is </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent. The remaining </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent share is owned by local partner Sunivera Capital Ventures Pvt.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The data of rating agency ICRA Nepal shows that the income of Ncell Axiata Limited has continuously declined for six years. Axiata, which entered Nepal in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2016</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, made the maximum income in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since then, its income has continuously declined, according to the September report of ICRA Nepal.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the report, the company's operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">59.81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2018</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> has dropped by </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37.40</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent in </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to the unaudited report of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2023</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, the company has earned an operating income of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">37</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">44</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to Axiata's report, Ncell contributed </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent to Nepal's gross domestic product for the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2021/22. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The report also states that the company has paid more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">283</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in taxes to the government so far.</span></span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">It is also mentioned in the quarterly report that Ncell has spent more than Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">1</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">75 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion on social causes.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19327', 'image' => '20231130105406_ncell.jpg', 'article_date' => '2023-11-30 10:53:27', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19597', 'article_category_id' => '1', 'title' => 'Light Rain and Snowfall Likely at Few Places Today ', 'sub_title' => '', 'summary' => 'November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The Westerly wind along with the low-pressure area that has developed around Rajsthan of India is having a general influence in Nepal at present. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy with chances of light rain at some places of the hill region of the country today, November 30. The weather is partly cloudy in Madhes, Bagmati, Gandaki and Lumbini provinces today, and generally fair in the rest of the regions, according to the Meteorological Forecasting Division’s Department of Hydrology and Meteorology. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly to generally cloudy in Koshi, Bagmati, Gandaki, Lumbini and Karnali provinces, and generally fair in the rest of the country towards the afternoon with chances of light rain at one or two places of Madhes, Bagmati, Gandaki and Lumbini provinces and the hill region. There is a possibility of light snowfall at a few places of the high-hill and mountainous region, it is stated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy in the hill regions of Bagmati, Gandaki, Lumbini, Karnali and Sudurpaschim provinces tonight. There are chances of light snowfall at one or two places in the high-hill and mountainous region of Koshi and Gandaki provinces tonight, the Division said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The sky in Kathmandu Valley is partly cloudy since today morning. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19326', 'image' => '20231130102350_20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-11-30 10:22:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 4 => array( 'Article' => array( 'id' => '19598', 'article_category_id' => '1', 'title' => 'NA Election for Vacant Posts to be Held on January 25 ', 'sub_title' => '', 'summary' => 'November 30: The government has decided to hold the National Assembly elections on January 25. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 30: The government has decided to hold the National Assembly elections on January 25. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting of the Council of Ministers held at the Singha Durbar-based Office of Prime Minister and Council of Ministers took a decision to this effect on Wednesday, according to Minister for Communications and Information Technology, Rekha Sharma. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma, who is also the government’s spokesperson, informed RSS that the decision was taken in consultation with the Election Commission. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the terms of one third of the NA members i.e. 20 parliamentarians including Chairperson Ganesh Prasad Timilsina will be ending on March 3 next year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The outgoing parliamentarians are Anita Devkota, Jitendra Narayan Dev, Prakash Pantha and Ramesh Jung Raymajhi from Nepali Congress, Indu Kadariya, Deepa Gurung, Dil Kumari Rawal, Kumar Dasaudi, Narpati Luwar, Bhairav Sundar Shrestha and Ramchandra Rai from CPN (UML). </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the tenure of Bina Pokharel, Mahesh Kumar Mahara and Hariram Chaudhary from CPN (Maoist Centre), Pramila Kumari of Janata Samajwadi Party, Nanda Chapagain and Singh Bahadur Bishwakarma of CPN (Unified Socialist), independent parliamentarian Khimlal Devkota and nominated parliamentarian Dr Bimala Paudyal is coming to an end. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, Minister Sharma further shared that the government decided to mobilize security agencies for construction of temporary shelters for quake survivors in Jajarkot. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A 6.4 magnitude quake jolted on November 3 in some districts of Karnali Province with epicenter in Jajarkot district inflicting a massive loss of lives and properties. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Sharma said that additional human resources would be deployed in the quake affected areas for construction of such shelters if demand is made from the Chief District Officers. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19325', 'image' => '20231130103111_20230713052749_parliament building.jpg', 'article_date' => '2023-11-30 10:30:33', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19596', 'article_category_id' => '1', 'title' => 'PM Dahal off to the UAE to Attend COP-28', 'sub_title' => '', 'summary' => 'Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 30: Prime Minister Pushpa Kamal Dahal ‘Prachanda’ left for Dubai, the United Arab Emirates, leading the Nepali delegation to the 28th Conference of Parties (COP 28) to the United Nations Framework Convention on Climate Change being held in Dubai from November 30 to December 12. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Prime Minister Dahal is scheduled to attend the high-level segment of the COP-28 World Climate Action Summit being held from December 1 to 2. He will also deliver a national statement on December 02. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Similarly, Dahal is scheduled to attend the 52nd Union Day celebration of the UAE and Zayed Sustainability Prize Awards ceremony hosted by the UAE. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During the visit, the Prime Minister is hosting a high-level side event entitled 'Call of the Mountain: Who Saves us from the Climate Crisis?' on December 2 to raise the voice of Nepal on climate change as well as to promote mountain agenda in the COP negotiation process. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the margins of the high-level segment, he will have bilateral meetings with heads of state, heads of government and other dignitaries attending the conference.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Moreover, Prime Minister Dahal will visit the Embassy of Nepal in Abu Dhabi, interact with Nepali community and address the Nepal-UAE Business Summit. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He is accompanied by his daughter Ganga Dahal, Minister for Forest and Environment Dr Birendra Prasad Mahato and other senior officials of government. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Prime Minister was seen off at Tribhuvan International Airport by the Speaker, Deputy Prime Ministers, and Ministers. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-30', 'modified' => '2023-11-30', 'keywords' => '', 'description' => '', 'sortorder' => '19324', 'image' => '20231130060428_collage (25).jpg', 'article_date' => '2023-11-30 06:02:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19595', 'article_category_id' => '1', 'title' => 'Bhim Prasad Gautam New CEO of IPPAN', 'sub_title' => '', 'summary' => 'Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: Bhim Prasad Gautam has been appointed as the Chief Executive Officer of the Independent Power Producers’ Association, Nepal (IPPAN). IPPAN, the umbrella organization for energy producers, appointed Gautam as the CEO for a term of three years on Wednesday.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">IPPAN President Ganesh Karki welcomed Gautam as the new CEO, expressing confidence that under his leadership, the organization would achieve new heights. The newly appointed CEO, Gautam, also pledged to contribute fully to IPPAN's growth during his tenure.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, a seasoned journalist from Banepa, Kavrepalanchok, has over two decades of experience in journalism, particularly in the fields of energy and infrastructure. He has been actively involved in addressing various issues related to energy and has served as the former president of the The Society of Economic Journalists-Nepal (SEJON). </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Gautam, who holds a master's degree in journalism from Tribhuvan University, currently conducts research as the executive director of the Center for Investigative Journalism, Nepal. </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19323', 'image' => '20231129044412_collage (12).jpg', 'article_date' => '2023-11-29 16:43:07', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19594', 'article_category_id' => '1', 'title' => 'NTA Seeks ISP Replies on TikTok Ban', 'sub_title' => '', 'summary' => 'The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 29: The Nepal Telecommunications Authority (NTA) has directed internet service providers to respond whether they have implemented the government decision to ban TikTok, the social media app. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Issuing a public notice today, the NTA has sought the submissions of replies within the next 24 hours, warning that failure to do so may result in the cancellation of their licenses.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> According to NTA deputy-director and information officer, Surya Prasad Lamichhane, earlier too, a notice was issued to all internet and mobile service providers, requesting information about the status of the implementation of the government's decision to prohibit TikTok.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> However, as of now, the NTA has not received any updates on the matter. The government officially decided to ban the use of TikTok through the Cabinet meeting on November 13, citing its 'negative impact' on social harmony. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19322', 'image' => '20231129033155_collage (11).jpg', 'article_date' => '2023-11-29 15:30:36', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 8 => array( 'Article' => array( 'id' => '19593', 'article_category_id' => '1', 'title' => 'Kathmandu Police Requests People to be Cautious about Online Payment Frauds ', 'sub_title' => '', 'summary' => 'November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Police has requested the general public to be cautious about online payment as a group of fraudsters have been defrauding general people in the name of online delivery of goods. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Such fraudsters have robbed general public of thousands of rupees in the name of online delivery of goods, said the police. The general people should be cautious and not make online payments without the confirmation of the delivery of goods they order, said Deputy Inspector General of Police Kuber Kadayat, the police spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Lately, there has been a rise in complaints relating to frauds by advertising goods on social media and luring customers to make advance payments and blocking customers' accounts without delivery. Therefore, people should go ahead with online transaction only after checking whether or not the relevant page or account is official," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The police have also urged the people in general to report such frauds to the police at the Kathmandu Valley Crime Division, Minbhavan or the district police office. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19321', 'image' => '20231129023756_Online-Payment-Fraud-Prevention-1.jpg', 'article_date' => '2023-11-29 14:37:20', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19592', 'article_category_id' => '1', 'title' => '10 Commercial Banks Announce Dividends with Preference on Cash Dividends over Bonus Shares', 'sub_title' => '', 'summary' => 'November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">November 29: Out of the 19 commercial banks listed in Nepal Stock Exchange Limited (NEPSE), 10 have announced to distribute dividends from their profits made in the last fiscal year (FY) 2079/80.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">So far, NIC Asia Bank, Everest Bank, Standard Chartered Bank, Sanima Bank, Machhapuchhre Bank, Nabil Bank, Nepal SBI Bank, Global IME Bank, Citizens Bank and Siddharth Bank have declared dividends from the accumulated profits of the previous year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to last year, some banks have emphasized on cash dividends rather than bonus shares this year. Nabil Bank distributed 18.5 percent bonus shares and 11.5 percent cash dividend last year and proposed to give only 11 percent cash dividend this year. Siddharth Bank is giving 4.21% cash dividend, Citizens Bank International 5.79% and Standard Chartered Bank is giving 19% cash dividend. Similarly, Global IME Bank proposed to distribute 1 percent bonus shares and 8 percent cash dividend. Nepal SBI Bank announced to distribute 6.80 percent cash dividend and 3.75 percent bonus shares to the shareholders. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Six out of 10 commercial banks that declared dividends have already received approval from the annual general meeting. NIC Asia Bank, Everest Bank, Sanima Bank, Machhapuchhre Bank, Citizens Bank and Siddharth Bank have passed the proposal from the AGM. These companies have already released the dividends to the shareholders bank accounts. Now, 9 commercial banks listed in the secondary market of securities are yet to declare dividends.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investors are divided whether listed companies should give cash dividends or bonus shares. Some people think cash dividend is fair while others think bonus share is better. Advocate Jyoti Dahal, an expert in the securities market, says that bonus share will not give anything qualitative except to increase the paid-up capital of the company while it reduces the net worth and reserves and gives a quantitative increase in the share of the shareholders.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“The announcement of bonus shares will increase the price of the shares abnormally for a few days, the operational and resource utilization expenses will increase to maintain the income due to the capital, but there will be no return qualitatively,” said Dahal, adding, “The cash I invested is for dividends. It is the same when it comes to share price after bonus shares are given.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Investor SP Chaulagain also says that looking at the international stock market, the market prefers cash dividends over bonus shares. However, he says that there is a trend of giving more priority to bonus shares in the Nepali stock market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">In fact, cash dividends are good for the interests of investors and the long-term progress of the company. When the company gives cash dividend, the share price is not adjusted, investors get the dividend. And the net worth of the company remains good.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to him, listed companies in other countries emphasize on cash dividends rather than bonus shares. It is not considered good to distribute bonus shares there. By issuing bonus shares, the liability and paid-up capital of the company increases.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that looking at the trend of the last few years, it seems that investors are making profits by short-term trading rather than from bonus shares. At various times, the regulatory bodies instructed the listed companies to increase the paid-up capital. As a result, companies are forced to raise capital through bonus shares and other means. For this reason, securities experts say that it is necessary to increase the reserve over the paid-up capital.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19320', 'image' => '20231129023610_Banks - Copy.jpg', 'article_date' => '2023-11-29 14:35:32', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19591', 'article_category_id' => '1', 'title' => 'Dairy Industries Halt Payment of Rs 5 Billion to Farmers', 'sub_title' => '', 'summary' => 'November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">November 29: Dairy industry have halted the payment of Rs 5 billion to milk producing farmers, reasoning that the powdered milk and butter worth around Rs 9.5 billion are yet to be sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Acting Executive Director of the National Dairy Development Board, Balak Chaudhary informed New Business Age that the farmers are yet to receive payments equal to Rs 5 billion from the state-owned Dairy Development Corporation (DDC) along with the private dairies. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The DDC alone has to pay around Rs 2 billion while the dairies under the private sector Dairy Industry Association and Nepal Dairy Association are yet to pay the remaining due amount. Around 30 percent of the total milk in the domestic market is purchased by the DDC and the rest is bought by private dairies. Under normal conditions, about 7 million liters of milk is produced every day in Nepal out of which only 3.1 million liters reach the market daily.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Chaudhary said that the consumption of milk in the market has decreased due to the recession in the economy and therefore the dairy industries stopped the payment to the farmers stating that they have stocks of powdered milk and butter worth Rs 9.41 billion.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the data collected by the board, the DDC has powdered milk and butter worth Rs 400 million, Dairy Industry Association Rs 7.60 billion and Nepal Dairy Association Rs 1.41 billion. “It is not good to stop the payments that farmers are liable to receive. We are taking the initiative to release the payment to the farmers as soon as possible,” added Chaudhary.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to Chaudhary, milk production usually increases from mid-September to February. However, this year, production had increased since May. Lately, the increase in milk production has started ahead of the usual time due to the farmers’ preference in rearing advanced breeds of cattle and the initiative shown by the local and provincial governments in milk production, says Chaudhary. </span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">President of Nepal Dairy Association Prahlad Dahal also admitted that the private dairies are yet to pay about Rs 3 billion to the farmers. He said that they could not make the payment since the powdered milk and butter were not sold.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">General Secretary of Central Milk Cooperative Federation Ram Prasad Acharya said that the private dairies have reduced the purchase of milk by about 15 percent due to the decrease in the consumption of milk in the market.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">“Dairies sell milk and other dairy products to consumers in cash, but do not pay farmers on time. Farmers are in a critical condition as they haven't received payment for the last three months,” said Acharya adding, “It has become difficult to feed the cattle because the farmers are not getting money even after selling milk.”</span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19319', 'image' => '20231129022419_1700193855.1667860642.w.jpg', 'article_date' => '2023-11-29 14:23:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19588', 'article_category_id' => '1', 'title' => 'SEBON Takes Action against 88 Listed Companies for Delay in Submitting Financial Statements', 'sub_title' => '', 'summary' => 'November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs 5.3 million on 88 listed companies that did not submit financial statements within the stipulated time. ', 'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">November 29: Securities Board of Nepal (SEBON) has imposed a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5.3</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> listed companies that did not submit financial statements within the stipulated time. The board slapped a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">69</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">100</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">,</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">000</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">on </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">19</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board on Tuesday published the names of </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">88</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies that faced action</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies that faced action include four development banks, three from the hotel and tourism sector, three from the investment group, one each from commercial and other sector, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">24</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> microfinance companies, two life insurance companies, five non-life insurance companies, four companies from the production and processing sector, two finance companies and </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> hydropower companies. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Among the companies listed in the secondary market of securities, majority of those facing action were from the hydropower sector. The board fined Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">39</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> companies from this sector.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">A meeting of the board of directors of SEBON held on November </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">6</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">had decided to impose a cash fine on those companies that did not submit their financial statements. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Chairman of the board Ramesh Kumar Hamal informed New Business Age that such a large number of listed companies were fined for the first time in the history of SEBON.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal says that any company that defies the rules will be subjected to action. “SEBON will ensure that the rules are followed strictly,” he said.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Hamal informed that the board has adopted a zero tolerance policy towards companies that do not publish financial statements within the specified period. He was of the view that the general investors should be able to view the financial statements of listed companies on time. He further said that even those companies that submitted the financial statement one day later than the specified date were also fined.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">"</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Since the financial statements to be submitted by listed companies are very important for the securities market, the board has taken strict action against those who did not submit such statements on time," said Hamal.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The board imposed the fines as per Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2063. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">According to subsection </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">101</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Act, if any person knowingly or maliciously fails to submit the financial statements, details, reports, notices, information or any other similar document in time as required by the Act or the rules or regulations made under the Act, the Board shall impose a fine of Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">50,000</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">200,000. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Last July, the board had issued a warning to the companies that it will take legal action if they do not follow the regulations.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">SEBON clarified that it took action against those companies that ignored the warning of the board and did not submit the financial statements on time. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The companies registered with the board need to submit their financial details as mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">14</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the SEBON within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> days of the end of the quarterly period and publish such report in a national daily newspaper. Such organizations have to submit the annual report according to Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">15</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to the board within five months from the end of each fiscal year.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In addition, the listed companies must include the audited report’s summary with the main points of the compliance report in the annual report in accordance with Sub-section (</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of Section </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">20 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Institutional Governance Guidelines, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2074. </span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, if there is any event or transaction mentioned in Schedule </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">16 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">of the Securities Registration and Issuance Regulations, </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2073</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, which may affect the market value of the listed securities, there is a provision to submit such information to the Securities Board of Nepal within </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">days. </span></span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19316', 'image' => '20231129014228_Sebon-update.jpg', 'article_date' => '2023-11-29 13:41:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 12 => array( 'Article' => array( 'id' => '19587', 'article_category_id' => '1', 'title' => 'Climate Change Already Reducing Global GDP: Report ', 'sub_title' => '', 'summary' => 'November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of COP28 climate negotiations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The report by the University of Delaware estimated that impacts from human-caused climate change cut 6.3 percent from global economic output last year, when weighted across populations. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The figures reflect both direct consequences of climate change -- such as disruptions to agriculture and manufacturing, and reduced productivity from high heat -- as well as spill-over impacts on global trade and investments. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The world is trillions of dollars poorer because of climate change and most of that burden has fallen on poor countries," said lead author James Rising of the University of Delaware. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I hope that this information can clarify the challenges that many countries already face today and the support they urgently need to address them," he added. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">When calculated without taking into account impacts borne by the average person, the global GDP loss was 1.8 percent of GDP -- or about $1.5 trillion dollars -- in 2022. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"The difference between those two numbers reflects the uneven distribution of impacts, which concentrate in low-income countries and tropical regions that typically have more population and less GDP," the authors said in a statement. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Least developed countries experienced higher population-weighted GDP loss of 8.3 percent, with Southeast Asia and Southern Africa particularly affected -- losing 14.1 percent and 11.2 percent of their GDP respectively. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the other hand, some developed countries benefited. Thanks to warmer winters Europe saw a nearly five percent net gain in GDP last year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">But such gains are "poised to erode" as hotter summers offset milder winters, warns the report. At last year's COP27 talks in Egypt, nations agreed to set up a dedicated fund to help vulnerable countries cope with "loss and damage" from climate disasters and extreme weather. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">While some details were recently agreed, the fund -- and in particular who contributes to it and how much -- will be a key point of negotiation at this year's COP28 talks in Dubai, which begin on Thursday. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Low- and middle-income countries have experienced a combined loss in capital and GDP totaling $21 trillion, about half of the total 2023 GDP of the developing world, in the last 30 years, the report said. The authors specify that losses are "conservative estimates" because the analysis does not account for non-market losses and impacts. – AFP/RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19315', 'image' => '20231129123152_gdp climate.jpg', 'article_date' => '2023-11-29 12:31:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 13 => array( 'Article' => array( 'id' => '19585', 'article_category_id' => '1', 'title' => 'KMC to Impose Complete Ban on Sale of Tobacco Products from December 13 ', 'sub_title' => '', 'summary' => 'November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: The Kathmandu Metropolitan City (KMC) has decided to completely ban the sale of tobacco products in all of its 32 wards from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KMC’s Health Department Chief Ram Prasad Poudel said that selling, storage and use of tobacco products packed in plastics shall be fully prohibited in all the 32 wards of the metropolis from December 13. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to him, all tobacco products such as cigarettes, beedi, tamakhu, sulfa, kakkad, raw tobacco packaged in plastics, chewing tobacco, gutkha, paan parag and others will be strictly banned. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Poudel said that the KMC Police will seize such products if found sold in the market.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"We have launched a campaign to make Kathmandu a healthy city. We have decided to ban the storage, sale and use of tobacco-based products that are harmful for the people's health and the environment, coinciding with the 29th KMC Day," said the KMC Health Department Chief Poudel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He said this provision is included in Clause 42 of the Public Health Act which the KMC issued in 2080 BS. The provision in the Act is being strictly implemented in a bid to reduce the adverse effects tobacco products is having on public health. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Tobacco control is the first condition for improving the public health and environment in the city. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19314', 'image' => '20231129110553_tobacco.jpg', 'article_date' => '2023-11-29 11:05:04', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19586', 'article_category_id' => '1', 'title' => 'NCC urges Japanese Industrialists to Invest in Nepal ', 'sub_title' => '', 'summary' => 'November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 29: Nepal Chamber of Commerce (NCC) has urged Japanese industrialists and businessmen to invest in Nepal. NCC President Rajendra Malla suggested a visiting delegation of the International Cooperation Organisation for Small and Medium Enterprises in Asia (ICOSEA) from Japan on Tuesday to make investment and partnership in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, he urged the Japanese entrepreneurs to invest in the hydropower, tourism, industrial and electric sectors in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">"Nepal and Japan have high-level economic and diplomatic relations. Nepal is the best destination for investment. I urge the Japanese industrialists and businesspersons to invest in the hydropower, tourism, industry, among other sectors, in Nepal," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">ICOSEA president Kurose Nabuhiro had inquired about the prospective sectors for investment in Nepal. He shared that the small and medium enterprises were the hardest-hit sectors after the COVID-19 pandemic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ICOSEA president expressed his commitment to move ahead partnering with NCC for joint investment in the potential sectors for investment, including hydroelectricity, tourism and others, in Nepal. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-29', 'modified' => '2023-11-29', 'keywords' => '', 'description' => '', 'sortorder' => '19313', 'image' => '20231129113021_Flag-Pins-Nepal-Japan_600x600.jpg', 'article_date' => '2023-11-29 11:27:19', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
