November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three…
November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three…
November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the…
November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this…
Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum…
President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the…
Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week,…
The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum…
November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of…
November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for…
November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin…
November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief…
The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week,…
The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday…
November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY)…
November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims…
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather forecast bulletin has stated that some places of hill region in the country is expected to have brief rainfall along with thunder and lightning, while snowfall in upper hills and mountainous areas will take place. However, the other places will have clear weather. </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19155', 'image' => '20231107121433_20190208014800_aaaa.jpg', 'article_date' => '2023-11-07 12:13:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19426', 'article_category_id' => '1', 'title' => 'Government Forms Task Force to Study Feasibility of Marijuana Cultivation ', 'sub_title' => '', 'summary' => 'November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting held on Monday at the Ministry of Finance under the chairmanship of Finance Minister Dr Prakash Sharan Mahat decided to form the task force under the coordination of a joint secretary of the Ministry of Home Affairs. The task force will also have joint secretaries from the Office of the Prime Minister and Council of Ministers as well as the Ministry of Finance, Ministry of Industry, Ministry of Law, Ministry of Foreign Affairs and the representatives of Nepal Police, with joint secretary of the Ministry of Agriculture as the member-secretary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Minister Mahat instructed the task force to submit its report within one month. This task force has been given two mandates – to research how marijuana can be used as medicine and the possibility of industrialization. The task force will also study the possibility of making clothes from hemp stems, leaves and fibers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the budget estimates of the government for the current fiscal year had mentioned about conducting a study of the possibility of marijuana cultivation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19154', 'image' => '20231107113426_20230529074926_20190221010550_adsfff.jpg', 'article_date' => '2023-11-07 11:33:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19425', 'article_category_id' => '1', 'title' => '10:51 AM Auspicious Time for Bhai Tika ', 'sub_title' => '', 'summary' => 'November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though one can receive Bhai Tika from sisters throughout the day on November 15, the most auspicious time for Bhai Tika is at 10:51 am, according to Executive Director of the Committee, Surya Prasad Dhungel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tihar festival commences from November 11 this year. The five-day festival is the second biggest festival of the majority Hindus in Nepal, following the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19153', 'image' => '20231107105624_20221019044902_bhaitika.jpg', 'article_date' => '2023-11-07 10:55:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19424', 'article_category_id' => '1', 'title' => 'Nabil Bank Limited Provides 10 Million Rupees in Aid to Quake Victims', 'sub_title' => '', 'summary' => 'Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 7: Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The District Disaster Management Committee in Jajarkot is operating a relief collection and distribution center. The bank’s Chief Marketing Officer Krishna Subedi handed over the relief materials to Assistant Chief District Officer Harishchandra Sharma in the first phase.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A strong earthquake of 6.4 on the Richter scale had struck Jajarkot, Rukum West and other districts, resulting in loss of life and property. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Chief Executive Officer Gyanendra Prasad Dhungana, the bank will provide relief materials, including food, tents, blankets, and medicines, worth one crore rupees.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He stated, "We are providing this relief to help the people in the earthquake-affected areas recover from their losses. This is also our social responsibility."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">CEO Dhungana said relief materials would be distributed in both Jajarkot and Rukum West. Nabil Bank's Chief Market Officer Suvedi, and Rara Cluster Head Tapendra Kunwar, had reached Jajarkot to oversee the distribution of relief materials.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nabil Bank has providing relief to the disaster victims at various times under its corporate social responsibility.</span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19152', 'image' => '20231107055843_collage (3).jpg', 'article_date' => '2023-11-07 05:57:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19423', 'article_category_id' => '1', 'title' => 'President Paudel Postpones European Trip Due to Earthquake', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's press advisor, Kiran Pokharel, announced the postponement through a press release today. President Paudel has chosen to stay in the country and assess the situation in the earthquake-affected regions, the statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An earthquake with a magnitude of 6.4 on the Richter scale struck Jajarkot in the Karnali province on November 3, resulting in significant loss of life and property in several areas, including Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's visit to the European countries had been approved by the Council of Ministers on November 2. Despite the importance of this visit for Nepal and its people, President Paudel believes it is not appropriate to leave the country in the aftermath of a natural disaster.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">President Paudel was scheduled to attend the 'One Polar Planet Summit' and the 'Paris Pact for People and Planet' conferences in Paris, France, under the Peace Forum Programme, from November 9 to 11, at the invitation of French President Emmanuel Macron. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19151', 'image' => '20231106061856_collage (40).jpg', 'article_date' => '2023-11-06 18:17:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19422', 'article_category_id' => '1', 'title' => 'NEPSE Breaks Its Downward Trend; Surges by 21.30 Points', 'sub_title' => '', 'summary' => 'Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 21.46 points yesterday. The market has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attributed to today's rise as a possible break to the continuous fall of the market. They said that the market might have reversed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, they cautioned that market will pick the momentum only after the capital market-friendly policies are executed. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 283 scrips were traded through 47,231 transactions. Likewise, a total of 3,555,670 units of shares exchanged their hands, amount to Rs 93 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited(SHL) had the highest turnover of 6.43 crores, closing at a market price of Rs 428.50 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Hathway Investment Nepal Limited(HATHY) gained the highest 9.98%, closing at a market price of Rs 365.80, while Laxmi Laghubitta Bittiya Sanstha Ltd.(LLBS) experienced the highest loss of 4.28%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory. Hotels And Tourism Index gained the highest 3.73%, while Microfinance Index gained the least 0.26%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index gained 0.94%, while Float Index and Sensitive Float Index experienced a gain of 1.04% and 0.8%respectivewly. </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19150', 'image' => '20231106033109_collage (37).jpg', 'article_date' => '2023-11-06 15:29:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19421', 'article_category_id' => '1', 'title' => 'CAAN Announces Rs 10 Million Assistance to Quake Survivors', 'sub_title' => '', 'summary' => ' The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A meeting of the CAAN held on Sunday decided to deposit the assistance amount to the Prime Minister Disaster Rescue Fund, according to CAAN Spokesperson and Deputy Director General, Jagannath Niraula. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the CAAN has declared a total discount on airport charges for flights dedicated to providing relief assistance from Nepalgunj, Surkhet, Rukum Salle, and Chaurjahari airports.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake measuring 6.4 on the Richter scale at 11:47 pm on Friday, with its epicenter in Jajarkot, resulted in significant casualties and property damage in these districts of the Karnali Province. So far 157 have been confirmed dead in the quake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19149', 'image' => '20231106025157_collage (36).jpg', 'article_date' => '2023-11-06 14:51:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19420', 'article_category_id' => '1', 'title' => 'Increase in Price of Wheat in India Affects Nepal', 'sub_title' => '', 'summary' => 'November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain.', '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:"Nirmala UI","sans-serif"">November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain. As soon as the festival ended, its price increased by Rs 5 to Rs 49 per kg. </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:"Nirmala UI","sans-serif"">Businessmen say that the prices of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have increased due to the increase in the price of wheat in India and the increase in the price of wheat available in Nepal. </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:"Nirmala UI","sans-serif"">Although the Indian government has approved the export quota of 300, 000 metric tonnes of wheat for Nepal, only 100, 000 tonnes of wheat have arrived so far. Currently, the demand for wheat in India is high, so the price has increased. When the quota was allocated for Nepal, the price of wheat in India was INR 23 per kg, but now it has reached INR 28. </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:"Nirmala UI","sans-serif"">Vice President of the Flour Mill Association Bikas Begwani said that the prices of flour, semolina and bran have increased due to the increase in the price of wheat in India. He said that since the price of wheat for the remaining quota to be imported from India has increased, the price of wheat products will increase further. </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:"Nirmala UI","sans-serif"">According to Begwani, the cost of wheat produced in India reaches Rs 55 per kg when it arrives in Nepal.</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:"Nirmala UI","sans-serif"">In Nepal, the price of wheat has increased by Rs 5 per kg, while that of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have become expensive by Rs 10 per kg. Begwani said that when the price of wheat reaches Rs 55 per kg, the price of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran will increase by Rs 10 per kg. </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:"Nirmala UI","sans-serif"">Government-owned Food Corporation of India has increased the price of wheat due to reduced stocks. There is a shortage of wheat even in the Indian market and that the corporation has increased the price so that the farmers can get more money from the crop as there are elections in India next 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:"Nirmala UI","sans-serif"">Kumud Dugad, central president of the association, said that the price of wheat has also increased in Bhairahwa, Birgunj and Nepalgunj. He said that the price of wheat, which was Rs 2,900 per quintal before Dashain, rose to Rs 3,200 after Dashain. </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:"Nirmala UI","sans-serif"">Dugad informed New Business Age that the price of all products made from wheat has increased by 15 percent. He said that due to the increase in the price of wheat in India, the price of imported wheat will also increase. He said that 200,000 metric tons of wheat of the remaining quota will arrive from India after Tihar.</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:"Nirmala UI","sans-serif"">Harivansh Rathi, the owner of Gomti Foods, said that since wheat produced in Nepal will be available in the market only from mid-May, there is a need to import wheat from India for another six months. According to him, 40 flour mills and 30 small flour mills in Nepal consume 900,000 metric tons of wheat annually. The country, however, produces only 300,000 metric tons of wheat annually.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19148', 'image' => '20231106091149_wheat-flour-500x500.jpg', 'article_date' => '2023-11-06 09:11:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </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""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </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""> million.</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 authority, the </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""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </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""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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, two micro life insurance companies have collected insurance fees of Rs </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"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected 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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected 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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19427', 'article_category_id' => '1', 'title' => 'Brief Rainfall, Snowfall Predicted in High Hills ', 'sub_title' => '', 'summary' => 'November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three days. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather forecast bulletin has stated that some places of hill region in the country is expected to have brief rainfall along with thunder and lightning, while snowfall in upper hills and mountainous areas will take place. However, the other places will have clear weather. </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19155', 'image' => '20231107121433_20190208014800_aaaa.jpg', 'article_date' => '2023-11-07 12:13:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19426', 'article_category_id' => '1', 'title' => 'Government Forms Task Force to Study Feasibility of Marijuana Cultivation ', 'sub_title' => '', 'summary' => 'November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting held on Monday at the Ministry of Finance under the chairmanship of Finance Minister Dr Prakash Sharan Mahat decided to form the task force under the coordination of a joint secretary of the Ministry of Home Affairs. The task force will also have joint secretaries from the Office of the Prime Minister and Council of Ministers as well as the Ministry of Finance, Ministry of Industry, Ministry of Law, Ministry of Foreign Affairs and the representatives of Nepal Police, with joint secretary of the Ministry of Agriculture as the member-secretary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Minister Mahat instructed the task force to submit its report within one month. This task force has been given two mandates – to research how marijuana can be used as medicine and the possibility of industrialization. The task force will also study the possibility of making clothes from hemp stems, leaves and fibers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the budget estimates of the government for the current fiscal year had mentioned about conducting a study of the possibility of marijuana cultivation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19154', 'image' => '20231107113426_20230529074926_20190221010550_adsfff.jpg', 'article_date' => '2023-11-07 11:33:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19425', 'article_category_id' => '1', 'title' => '10:51 AM Auspicious Time for Bhai Tika ', 'sub_title' => '', 'summary' => 'November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though one can receive Bhai Tika from sisters throughout the day on November 15, the most auspicious time for Bhai Tika is at 10:51 am, according to Executive Director of the Committee, Surya Prasad Dhungel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tihar festival commences from November 11 this year. The five-day festival is the second biggest festival of the majority Hindus in Nepal, following the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19153', 'image' => '20231107105624_20221019044902_bhaitika.jpg', 'article_date' => '2023-11-07 10:55:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19424', 'article_category_id' => '1', 'title' => 'Nabil Bank Limited Provides 10 Million Rupees in Aid to Quake Victims', 'sub_title' => '', 'summary' => 'Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 7: Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The District Disaster Management Committee in Jajarkot is operating a relief collection and distribution center. The bank’s Chief Marketing Officer Krishna Subedi handed over the relief materials to Assistant Chief District Officer Harishchandra Sharma in the first phase.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A strong earthquake of 6.4 on the Richter scale had struck Jajarkot, Rukum West and other districts, resulting in loss of life and property. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Chief Executive Officer Gyanendra Prasad Dhungana, the bank will provide relief materials, including food, tents, blankets, and medicines, worth one crore rupees.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He stated, "We are providing this relief to help the people in the earthquake-affected areas recover from their losses. This is also our social responsibility."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">CEO Dhungana said relief materials would be distributed in both Jajarkot and Rukum West. Nabil Bank's Chief Market Officer Suvedi, and Rara Cluster Head Tapendra Kunwar, had reached Jajarkot to oversee the distribution of relief materials.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nabil Bank has providing relief to the disaster victims at various times under its corporate social responsibility.</span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19152', 'image' => '20231107055843_collage (3).jpg', 'article_date' => '2023-11-07 05:57:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19423', 'article_category_id' => '1', 'title' => 'President Paudel Postpones European Trip Due to Earthquake', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's press advisor, Kiran Pokharel, announced the postponement through a press release today. President Paudel has chosen to stay in the country and assess the situation in the earthquake-affected regions, the statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An earthquake with a magnitude of 6.4 on the Richter scale struck Jajarkot in the Karnali province on November 3, resulting in significant loss of life and property in several areas, including Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's visit to the European countries had been approved by the Council of Ministers on November 2. Despite the importance of this visit for Nepal and its people, President Paudel believes it is not appropriate to leave the country in the aftermath of a natural disaster.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">President Paudel was scheduled to attend the 'One Polar Planet Summit' and the 'Paris Pact for People and Planet' conferences in Paris, France, under the Peace Forum Programme, from November 9 to 11, at the invitation of French President Emmanuel Macron. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19151', 'image' => '20231106061856_collage (40).jpg', 'article_date' => '2023-11-06 18:17:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19422', 'article_category_id' => '1', 'title' => 'NEPSE Breaks Its Downward Trend; Surges by 21.30 Points', 'sub_title' => '', 'summary' => 'Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 21.46 points yesterday. The market has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attributed to today's rise as a possible break to the continuous fall of the market. They said that the market might have reversed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, they cautioned that market will pick the momentum only after the capital market-friendly policies are executed. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 283 scrips were traded through 47,231 transactions. Likewise, a total of 3,555,670 units of shares exchanged their hands, amount to Rs 93 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited(SHL) had the highest turnover of 6.43 crores, closing at a market price of Rs 428.50 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Hathway Investment Nepal Limited(HATHY) gained the highest 9.98%, closing at a market price of Rs 365.80, while Laxmi Laghubitta Bittiya Sanstha Ltd.(LLBS) experienced the highest loss of 4.28%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory. Hotels And Tourism Index gained the highest 3.73%, while Microfinance Index gained the least 0.26%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index gained 0.94%, while Float Index and Sensitive Float Index experienced a gain of 1.04% and 0.8%respectivewly. </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19150', 'image' => '20231106033109_collage (37).jpg', 'article_date' => '2023-11-06 15:29:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19421', 'article_category_id' => '1', 'title' => 'CAAN Announces Rs 10 Million Assistance to Quake Survivors', 'sub_title' => '', 'summary' => ' The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A meeting of the CAAN held on Sunday decided to deposit the assistance amount to the Prime Minister Disaster Rescue Fund, according to CAAN Spokesperson and Deputy Director General, Jagannath Niraula. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the CAAN has declared a total discount on airport charges for flights dedicated to providing relief assistance from Nepalgunj, Surkhet, Rukum Salle, and Chaurjahari airports.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake measuring 6.4 on the Richter scale at 11:47 pm on Friday, with its epicenter in Jajarkot, resulted in significant casualties and property damage in these districts of the Karnali Province. So far 157 have been confirmed dead in the quake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19149', 'image' => '20231106025157_collage (36).jpg', 'article_date' => '2023-11-06 14:51:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19420', 'article_category_id' => '1', 'title' => 'Increase in Price of Wheat in India Affects Nepal', 'sub_title' => '', 'summary' => 'November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain.', '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:"Nirmala UI","sans-serif"">November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain. As soon as the festival ended, its price increased by Rs 5 to Rs 49 per kg. </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:"Nirmala UI","sans-serif"">Businessmen say that the prices of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have increased due to the increase in the price of wheat in India and the increase in the price of wheat available in Nepal. </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:"Nirmala UI","sans-serif"">Although the Indian government has approved the export quota of 300, 000 metric tonnes of wheat for Nepal, only 100, 000 tonnes of wheat have arrived so far. Currently, the demand for wheat in India is high, so the price has increased. When the quota was allocated for Nepal, the price of wheat in India was INR 23 per kg, but now it has reached INR 28. </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:"Nirmala UI","sans-serif"">Vice President of the Flour Mill Association Bikas Begwani said that the prices of flour, semolina and bran have increased due to the increase in the price of wheat in India. He said that since the price of wheat for the remaining quota to be imported from India has increased, the price of wheat products will increase further. </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:"Nirmala UI","sans-serif"">According to Begwani, the cost of wheat produced in India reaches Rs 55 per kg when it arrives in Nepal.</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:"Nirmala UI","sans-serif"">In Nepal, the price of wheat has increased by Rs 5 per kg, while that of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have become expensive by Rs 10 per kg. Begwani said that when the price of wheat reaches Rs 55 per kg, the price of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran will increase by Rs 10 per kg. </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:"Nirmala UI","sans-serif"">Government-owned Food Corporation of India has increased the price of wheat due to reduced stocks. There is a shortage of wheat even in the Indian market and that the corporation has increased the price so that the farmers can get more money from the crop as there are elections in India next 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:"Nirmala UI","sans-serif"">Kumud Dugad, central president of the association, said that the price of wheat has also increased in Bhairahwa, Birgunj and Nepalgunj. He said that the price of wheat, which was Rs 2,900 per quintal before Dashain, rose to Rs 3,200 after Dashain. </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:"Nirmala UI","sans-serif"">Dugad informed New Business Age that the price of all products made from wheat has increased by 15 percent. He said that due to the increase in the price of wheat in India, the price of imported wheat will also increase. He said that 200,000 metric tons of wheat of the remaining quota will arrive from India after Tihar.</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:"Nirmala UI","sans-serif"">Harivansh Rathi, the owner of Gomti Foods, said that since wheat produced in Nepal will be available in the market only from mid-May, there is a need to import wheat from India for another six months. According to him, 40 flour mills and 30 small flour mills in Nepal consume 900,000 metric tons of wheat annually. The country, however, produces only 300,000 metric tons of wheat annually.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19148', 'image' => '20231106091149_wheat-flour-500x500.jpg', 'article_date' => '2023-11-06 09:11:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </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""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </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""> million.</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 authority, the </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""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </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""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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, two micro life insurance companies have collected insurance fees of Rs </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"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected 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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected 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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19427', 'article_category_id' => '1', 'title' => 'Brief Rainfall, Snowfall Predicted in High Hills ', 'sub_title' => '', 'summary' => 'November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three days. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather forecast bulletin has stated that some places of hill region in the country is expected to have brief rainfall along with thunder and lightning, while snowfall in upper hills and mountainous areas will take place. However, the other places will have clear weather. </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19155', 'image' => '20231107121433_20190208014800_aaaa.jpg', 'article_date' => '2023-11-07 12:13:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19426', 'article_category_id' => '1', 'title' => 'Government Forms Task Force to Study Feasibility of Marijuana Cultivation ', 'sub_title' => '', 'summary' => 'November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting held on Monday at the Ministry of Finance under the chairmanship of Finance Minister Dr Prakash Sharan Mahat decided to form the task force under the coordination of a joint secretary of the Ministry of Home Affairs. The task force will also have joint secretaries from the Office of the Prime Minister and Council of Ministers as well as the Ministry of Finance, Ministry of Industry, Ministry of Law, Ministry of Foreign Affairs and the representatives of Nepal Police, with joint secretary of the Ministry of Agriculture as the member-secretary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Minister Mahat instructed the task force to submit its report within one month. This task force has been given two mandates – to research how marijuana can be used as medicine and the possibility of industrialization. The task force will also study the possibility of making clothes from hemp stems, leaves and fibers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the budget estimates of the government for the current fiscal year had mentioned about conducting a study of the possibility of marijuana cultivation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19154', 'image' => '20231107113426_20230529074926_20190221010550_adsfff.jpg', 'article_date' => '2023-11-07 11:33:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19425', 'article_category_id' => '1', 'title' => '10:51 AM Auspicious Time for Bhai Tika ', 'sub_title' => '', 'summary' => 'November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though one can receive Bhai Tika from sisters throughout the day on November 15, the most auspicious time for Bhai Tika is at 10:51 am, according to Executive Director of the Committee, Surya Prasad Dhungel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tihar festival commences from November 11 this year. The five-day festival is the second biggest festival of the majority Hindus in Nepal, following the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19153', 'image' => '20231107105624_20221019044902_bhaitika.jpg', 'article_date' => '2023-11-07 10:55:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19424', 'article_category_id' => '1', 'title' => 'Nabil Bank Limited Provides 10 Million Rupees in Aid to Quake Victims', 'sub_title' => '', 'summary' => 'Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 7: Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The District Disaster Management Committee in Jajarkot is operating a relief collection and distribution center. The bank’s Chief Marketing Officer Krishna Subedi handed over the relief materials to Assistant Chief District Officer Harishchandra Sharma in the first phase.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A strong earthquake of 6.4 on the Richter scale had struck Jajarkot, Rukum West and other districts, resulting in loss of life and property. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Chief Executive Officer Gyanendra Prasad Dhungana, the bank will provide relief materials, including food, tents, blankets, and medicines, worth one crore rupees.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He stated, "We are providing this relief to help the people in the earthquake-affected areas recover from their losses. This is also our social responsibility."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">CEO Dhungana said relief materials would be distributed in both Jajarkot and Rukum West. Nabil Bank's Chief Market Officer Suvedi, and Rara Cluster Head Tapendra Kunwar, had reached Jajarkot to oversee the distribution of relief materials.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nabil Bank has providing relief to the disaster victims at various times under its corporate social responsibility.</span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19152', 'image' => '20231107055843_collage (3).jpg', 'article_date' => '2023-11-07 05:57:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19423', 'article_category_id' => '1', 'title' => 'President Paudel Postpones European Trip Due to Earthquake', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's press advisor, Kiran Pokharel, announced the postponement through a press release today. President Paudel has chosen to stay in the country and assess the situation in the earthquake-affected regions, the statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An earthquake with a magnitude of 6.4 on the Richter scale struck Jajarkot in the Karnali province on November 3, resulting in significant loss of life and property in several areas, including Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's visit to the European countries had been approved by the Council of Ministers on November 2. Despite the importance of this visit for Nepal and its people, President Paudel believes it is not appropriate to leave the country in the aftermath of a natural disaster.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">President Paudel was scheduled to attend the 'One Polar Planet Summit' and the 'Paris Pact for People and Planet' conferences in Paris, France, under the Peace Forum Programme, from November 9 to 11, at the invitation of French President Emmanuel Macron. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19151', 'image' => '20231106061856_collage (40).jpg', 'article_date' => '2023-11-06 18:17:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19422', 'article_category_id' => '1', 'title' => 'NEPSE Breaks Its Downward Trend; Surges by 21.30 Points', 'sub_title' => '', 'summary' => 'Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 21.46 points yesterday. The market has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attributed to today's rise as a possible break to the continuous fall of the market. They said that the market might have reversed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, they cautioned that market will pick the momentum only after the capital market-friendly policies are executed. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 283 scrips were traded through 47,231 transactions. Likewise, a total of 3,555,670 units of shares exchanged their hands, amount to Rs 93 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited(SHL) had the highest turnover of 6.43 crores, closing at a market price of Rs 428.50 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Hathway Investment Nepal Limited(HATHY) gained the highest 9.98%, closing at a market price of Rs 365.80, while Laxmi Laghubitta Bittiya Sanstha Ltd.(LLBS) experienced the highest loss of 4.28%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory. Hotels And Tourism Index gained the highest 3.73%, while Microfinance Index gained the least 0.26%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index gained 0.94%, while Float Index and Sensitive Float Index experienced a gain of 1.04% and 0.8%respectivewly. </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19150', 'image' => '20231106033109_collage (37).jpg', 'article_date' => '2023-11-06 15:29:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19421', 'article_category_id' => '1', 'title' => 'CAAN Announces Rs 10 Million Assistance to Quake Survivors', 'sub_title' => '', 'summary' => ' The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A meeting of the CAAN held on Sunday decided to deposit the assistance amount to the Prime Minister Disaster Rescue Fund, according to CAAN Spokesperson and Deputy Director General, Jagannath Niraula. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the CAAN has declared a total discount on airport charges for flights dedicated to providing relief assistance from Nepalgunj, Surkhet, Rukum Salle, and Chaurjahari airports.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake measuring 6.4 on the Richter scale at 11:47 pm on Friday, with its epicenter in Jajarkot, resulted in significant casualties and property damage in these districts of the Karnali Province. So far 157 have been confirmed dead in the quake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19149', 'image' => '20231106025157_collage (36).jpg', 'article_date' => '2023-11-06 14:51:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19420', 'article_category_id' => '1', 'title' => 'Increase in Price of Wheat in India Affects Nepal', 'sub_title' => '', 'summary' => 'November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain.', '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:"Nirmala UI","sans-serif"">November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain. As soon as the festival ended, its price increased by Rs 5 to Rs 49 per kg. </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:"Nirmala UI","sans-serif"">Businessmen say that the prices of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have increased due to the increase in the price of wheat in India and the increase in the price of wheat available in Nepal. </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:"Nirmala UI","sans-serif"">Although the Indian government has approved the export quota of 300, 000 metric tonnes of wheat for Nepal, only 100, 000 tonnes of wheat have arrived so far. Currently, the demand for wheat in India is high, so the price has increased. When the quota was allocated for Nepal, the price of wheat in India was INR 23 per kg, but now it has reached INR 28. </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:"Nirmala UI","sans-serif"">Vice President of the Flour Mill Association Bikas Begwani said that the prices of flour, semolina and bran have increased due to the increase in the price of wheat in India. He said that since the price of wheat for the remaining quota to be imported from India has increased, the price of wheat products will increase further. </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:"Nirmala UI","sans-serif"">According to Begwani, the cost of wheat produced in India reaches Rs 55 per kg when it arrives in Nepal.</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:"Nirmala UI","sans-serif"">In Nepal, the price of wheat has increased by Rs 5 per kg, while that of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have become expensive by Rs 10 per kg. Begwani said that when the price of wheat reaches Rs 55 per kg, the price of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran will increase by Rs 10 per kg. </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:"Nirmala UI","sans-serif"">Government-owned Food Corporation of India has increased the price of wheat due to reduced stocks. There is a shortage of wheat even in the Indian market and that the corporation has increased the price so that the farmers can get more money from the crop as there are elections in India next 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:"Nirmala UI","sans-serif"">Kumud Dugad, central president of the association, said that the price of wheat has also increased in Bhairahwa, Birgunj and Nepalgunj. He said that the price of wheat, which was Rs 2,900 per quintal before Dashain, rose to Rs 3,200 after Dashain. </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:"Nirmala UI","sans-serif"">Dugad informed New Business Age that the price of all products made from wheat has increased by 15 percent. He said that due to the increase in the price of wheat in India, the price of imported wheat will also increase. He said that 200,000 metric tons of wheat of the remaining quota will arrive from India after Tihar.</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:"Nirmala UI","sans-serif"">Harivansh Rathi, the owner of Gomti Foods, said that since wheat produced in Nepal will be available in the market only from mid-May, there is a need to import wheat from India for another six months. According to him, 40 flour mills and 30 small flour mills in Nepal consume 900,000 metric tons of wheat annually. The country, however, produces only 300,000 metric tons of wheat annually.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19148', 'image' => '20231106091149_wheat-flour-500x500.jpg', 'article_date' => '2023-11-06 09:11:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </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""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </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""> million.</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 authority, the </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""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </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""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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, two micro life insurance companies have collected insurance fees of Rs </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"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected 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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected 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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The partial impact of westerly wind will cause brief rainfall and snowfall in some areas of high hills and mountains for three days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather forecast bulletin has stated that some places of hill region in the country is expected to have brief rainfall along with thunder and lightning, while snowfall in upper hills and mountainous areas will take place. However, the other places will have clear weather. </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19155', 'image' => '20231107121433_20190208014800_aaaa.jpg', 'article_date' => '2023-11-07 12:13:50', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19426', 'article_category_id' => '1', 'title' => 'Government Forms Task Force to Study Feasibility of Marijuana Cultivation ', 'sub_title' => '', 'summary' => 'November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: The government has formed a task force under the coordination of the Ministry of Home Affairs to carry out a feasibility study of marijuana cultivation in the country. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">A meeting held on Monday at the Ministry of Finance under the chairmanship of Finance Minister Dr Prakash Sharan Mahat decided to form the task force under the coordination of a joint secretary of the Ministry of Home Affairs. The task force will also have joint secretaries from the Office of the Prime Minister and Council of Ministers as well as the Ministry of Finance, Ministry of Industry, Ministry of Law, Ministry of Foreign Affairs and the representatives of Nepal Police, with joint secretary of the Ministry of Agriculture as the member-secretary. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Minister Mahat instructed the task force to submit its report within one month. This task force has been given two mandates – to research how marijuana can be used as medicine and the possibility of industrialization. The task force will also study the possibility of making clothes from hemp stems, leaves and fibers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">It may be noted that the budget estimates of the government for the current fiscal year had mentioned about conducting a study of the possibility of marijuana cultivation. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19154', 'image' => '20231107113426_20230529074926_20190221010550_adsfff.jpg', 'article_date' => '2023-11-07 11:33:40', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19425', 'article_category_id' => '1', 'title' => '10:51 AM Auspicious Time for Bhai Tika ', 'sub_title' => '', 'summary' => 'November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. ', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 7: Nepal Calendar Determination Development Committee, the government body authorized to decide the dates and times of festivals celebrated in the country, has shared that 10:51 am on November 15 would be the most auspicious time for Bhai Tika on the occasion of the festival of Tihar this year. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Though one can receive Bhai Tika from sisters throughout the day on November 15, the most auspicious time for Bhai Tika is at 10:51 am, according to Executive Director of the Committee, Surya Prasad Dhungel. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The Tihar festival commences from November 11 this year. The five-day festival is the second biggest festival of the majority Hindus in Nepal, following the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19153', 'image' => '20231107105624_20221019044902_bhaitika.jpg', 'article_date' => '2023-11-07 10:55:22', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19424', 'article_category_id' => '1', 'title' => 'Nabil Bank Limited Provides 10 Million Rupees in Aid to Quake Victims', 'sub_title' => '', 'summary' => 'Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 7: Nabil Bank Limited has provided relief materials to the people in the earthquake-affected areas of Western Nepal. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The bank has dispended relief materials equivalent to one crore rupees for the rescue and relief of the affected people in Jajrkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The District Disaster Management Committee in Jajarkot is operating a relief collection and distribution center. The bank’s Chief Marketing Officer Krishna Subedi handed over the relief materials to Assistant Chief District Officer Harishchandra Sharma in the first phase.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A strong earthquake of 6.4 on the Richter scale had struck Jajarkot, Rukum West and other districts, resulting in loss of life and property. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to Chief Executive Officer Gyanendra Prasad Dhungana, the bank will provide relief materials, including food, tents, blankets, and medicines, worth one crore rupees.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He stated, "We are providing this relief to help the people in the earthquake-affected areas recover from their losses. This is also our social responsibility."</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">CEO Dhungana said relief materials would be distributed in both Jajarkot and Rukum West. Nabil Bank's Chief Market Officer Suvedi, and Rara Cluster Head Tapendra Kunwar, had reached Jajarkot to oversee the distribution of relief materials.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nabil Bank has providing relief to the disaster victims at various times under its corporate social responsibility.</span></span></p> ', 'published' => true, 'created' => '2023-11-07', 'modified' => '2023-11-07', 'keywords' => '', 'description' => '', 'sortorder' => '19152', 'image' => '20231107055843_collage (3).jpg', 'article_date' => '2023-11-07 05:57:06', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19423', 'article_category_id' => '1', 'title' => 'President Paudel Postpones European Trip Due to Earthquake', 'sub_title' => '', 'summary' => 'President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: President Ramchandra Paudel has postponed his scheduled visit to France, Italy, and Germany, which was originally scheduled for this Wednesday. The decision was made in light of the recent devastating earthquake in Karnali Province in the country.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's press advisor, Kiran Pokharel, announced the postponement through a press release today. President Paudel has chosen to stay in the country and assess the situation in the earthquake-affected regions, the statement reads. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An earthquake with a magnitude of 6.4 on the Richter scale struck Jajarkot in the Karnali province on November 3, resulting in significant loss of life and property in several areas, including Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The President's visit to the European countries had been approved by the Council of Ministers on November 2. Despite the importance of this visit for Nepal and its people, President Paudel believes it is not appropriate to leave the country in the aftermath of a natural disaster.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">President Paudel was scheduled to attend the 'One Polar Planet Summit' and the 'Paris Pact for People and Planet' conferences in Paris, France, under the Peace Forum Programme, from November 9 to 11, at the invitation of French President Emmanuel Macron. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19151', 'image' => '20231106061856_collage (40).jpg', 'article_date' => '2023-11-06 18:17:58', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 5 => array( 'Article' => array( 'id' => '19422', 'article_category_id' => '1', 'title' => 'NEPSE Breaks Its Downward Trend; Surges by 21.30 Points', 'sub_title' => '', 'summary' => 'Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16% and closed at 1847.54 points on the second trading day of the week, Monday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 21.46 points yesterday. The market has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attributed to today's rise as a possible break to the continuous fall of the market. They said that the market might have reversed.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, they cautioned that market will pick the momentum only after the capital market-friendly policies are executed. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 283 scrips were traded through 47,231 transactions. Likewise, a total of 3,555,670 units of shares exchanged their hands, amount to Rs 93 crores.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Soaltee Hotel Limited(SHL) had the highest turnover of 6.43 crores, closing at a market price of Rs 428.50 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Hathway Investment Nepal Limited(HATHY) gained the highest 9.98%, closing at a market price of Rs 365.80, while Laxmi Laghubitta Bittiya Sanstha Ltd.(LLBS) experienced the highest loss of 4.28%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors closed in the green territory. Hotels And Tourism Index gained the highest 3.73%, while Microfinance Index gained the least 0.26%.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index gained 0.94%, while Float Index and Sensitive Float Index experienced a gain of 1.04% and 0.8%respectivewly. </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19150', 'image' => '20231106033109_collage (37).jpg', 'article_date' => '2023-11-06 15:29:42', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 6 => array( 'Article' => array( 'id' => '19421', 'article_category_id' => '1', 'title' => 'CAAN Announces Rs 10 Million Assistance to Quake Survivors', 'sub_title' => '', 'summary' => ' The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 6: The Civil Aviation Authority of Nepal (CAAN) has announced a financial aid of Rs 10 million to the earthquake survivors in Jajarkot and Rukum West. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">A meeting of the CAAN held on Sunday decided to deposit the assistance amount to the Prime Minister Disaster Rescue Fund, according to CAAN Spokesperson and Deputy Director General, Jagannath Niraula. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the CAAN has declared a total discount on airport charges for flights dedicated to providing relief assistance from Nepalgunj, Surkhet, Rukum Salle, and Chaurjahari airports.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake measuring 6.4 on the Richter scale at 11:47 pm on Friday, with its epicenter in Jajarkot, resulted in significant casualties and property damage in these districts of the Karnali Province. So far 157 have been confirmed dead in the quake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19149', 'image' => '20231106025157_collage (36).jpg', 'article_date' => '2023-11-06 14:51:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 7 => array( 'Article' => array( 'id' => '19420', 'article_category_id' => '1', 'title' => 'Increase in Price of Wheat in India Affects Nepal', 'sub_title' => '', 'summary' => 'November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain.', '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:"Nirmala UI","sans-serif"">November 6: Wheat was being sold in the domestic market of Nepal at at Rs 44 per kg before the festival of Dashain. As soon as the festival ended, its price increased by Rs 5 to Rs 49 per kg. </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:"Nirmala UI","sans-serif"">Businessmen say that the prices of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have increased due to the increase in the price of wheat in India and the increase in the price of wheat available in Nepal. </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:"Nirmala UI","sans-serif"">Although the Indian government has approved the export quota of 300, 000 metric tonnes of wheat for Nepal, only 100, 000 tonnes of wheat have arrived so far. Currently, the demand for wheat in India is high, so the price has increased. When the quota was allocated for Nepal, the price of wheat in India was INR 23 per kg, but now it has reached INR 28. </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:"Nirmala UI","sans-serif"">Vice President of the Flour Mill Association Bikas Begwani said that the prices of flour, semolina and bran have increased due to the increase in the price of wheat in India. He said that since the price of wheat for the remaining quota to be imported from India has increased, the price of wheat products will increase further. </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:"Nirmala UI","sans-serif"">According to Begwani, the cost of wheat produced in India reaches Rs 55 per kg when it arrives in Nepal.</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:"Nirmala UI","sans-serif"">In Nepal, the price of wheat has increased by Rs 5 per kg, while that of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran have become expensive by Rs 10 per kg. Begwani said that when the price of wheat reaches Rs 55 per kg, the price of wheat flour (gahu), refined wheat flour (maida), semolina (suji) and bran will increase by Rs 10 per kg. </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:"Nirmala UI","sans-serif"">Government-owned Food Corporation of India has increased the price of wheat due to reduced stocks. There is a shortage of wheat even in the Indian market and that the corporation has increased the price so that the farmers can get more money from the crop as there are elections in India next 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:"Nirmala UI","sans-serif"">Kumud Dugad, central president of the association, said that the price of wheat has also increased in Bhairahwa, Birgunj and Nepalgunj. He said that the price of wheat, which was Rs 2,900 per quintal before Dashain, rose to Rs 3,200 after Dashain. </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:"Nirmala UI","sans-serif"">Dugad informed New Business Age that the price of all products made from wheat has increased by 15 percent. He said that due to the increase in the price of wheat in India, the price of imported wheat will also increase. He said that 200,000 metric tons of wheat of the remaining quota will arrive from India after Tihar.</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:"Nirmala UI","sans-serif"">Harivansh Rathi, the owner of Gomti Foods, said that since wheat produced in Nepal will be available in the market only from mid-May, there is a need to import wheat from India for another six months. According to him, 40 flour mills and 30 small flour mills in Nepal consume 900,000 metric tons of wheat annually. The country, however, produces only 300,000 metric tons of wheat annually.</span></span></span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19148', 'image' => '20231106091149_wheat-flour-500x500.jpg', 'article_date' => '2023-11-06 09:11:05', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19419', 'article_category_id' => '1', 'title' => 'Mustang and Dolpa Connected by Motorable Road ', 'sub_title' => '', 'summary' => 'November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: A roadway linking Mustang of Gandaki and Dolpa of Karnali province have been opened for traffic. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality of Mustang and Chharka Tangsong Rural Municipality have been linked with the road constructed under the Manang-Mustang-Dolpa-Jumla Road Project of the Ministry of Physical Infrastructure and Transport. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Waragung Muktichhetra Rural Municipality, Ward No 4 chair Surendra Gurung said the work of opening the road linking Mustang and Dolpa has been completed with four years' efforts. "Tractors travelled on the road from Mustang to Dolpa and vice-versa on Saturday. People from northern Dolpa who used to come here on foot taking weeks can now travel in a single day. The need to transport goods loading on the back of horses, mule, yak and donkeys has now gone for good," he said. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 56.5 kilometres long road was constructed with an investment of approximately Rs 200 million, according to the Road Division Office, Baglung. The road has been constructed in the geographically difficult and remote Yakkharka area at an altitude of more than 4,000 metres from the sea level. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The road from Eklebhatti runs through Sangta, the last human settlement in Mustang and up to the border of Dolpa district. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19147', 'image' => '20231106091037_Untitled-3-3.jpg', 'article_date' => '2023-11-06 09:10:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19418', 'article_category_id' => '1', 'title' => 'World Bank MD Bjerde Wraps Up Nepal Visit with Focus on Resilient Development ', 'sub_title' => '', 'summary' => 'November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 6: World Bank’s Managing Director, Anna Bjerde, concluded her four-day visit to Nepal on Saturday, reiterating the World Bank’s support for Nepal’s green, resilient, and inclusive development (GRID) vision. She was joined by the Regional Vice President for South Asia, Martin Raiser. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to a press release issued by World Bank, Managing Director Bjerde met Prime Minister Pushpa Kamal Dahal, and Finance Minister Prakash Sharan Mahat. The meetings discussed Nepal’s progress in the GRID agenda as well as the performance of World Bank-supported projects in Nepal. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, Bjerde participated in a high-level event with senior representatives from the government, development partners, private sector, civil society, and academia. During the event, a joint communique was announced to endorse the priorities outlined in the GRID Strategic Action Plan currently being prepared by the government. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“Nepal’s GRID Strategic Action Plan sets a clear course for the country’s development vision,” said Anna Bjerde. “It is encouraging to see the strong and effective partnership between the government and development partners as they join forces to support Nepal’s transition to longer-term resilience, inclusion, sustainability, and efficiency for the benefit of the people and the planet.” </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The GRID Strategic Action Plan identifies ten GRID transitions, including managing landscape to optimize benefits from the water-agriculture-food nexus, disaster risk management, resilient roads and sustainable transport, renewable energy, and improved air quality, among others. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Moreover, meetings were also held with Nepal’s development partners and representatives from the private sector. </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"">Outside Kathmandu, Bjerde and the World Bank delegation visited the proposed Upper Arun Hydroelectric Project site in Sankhuwasabha and the World Bank-financed Earthquake Housing Reconstruction Project site in Kavre. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">“The World Bank is proud to be a trusted partner in Nepal’s development for more than 50 years. Working together with the government, we have supported better skills and jobs for young people and women, better new housing for those affected by earthquakes, and improved access to finance, markets, and services for the benefit of Nepalis, especially the poor and vulnerable,” added Bjerde. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In response to the devastating earthquake of November 3 in Karnali Province, Bjerde sent condolences to the Nepal government and offered to trigger financing through available instruments to accelerate response and provide immediate support to households affected, added the press statement. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19146', 'image' => '20231106084357_F966XQhXwAAmh0f.jpg', 'article_date' => '2023-11-06 08:43:18', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19417', 'article_category_id' => '1', 'title' => 'Government to make Integrated Action Plan to Build Quake Resistant Housing within One Year ', 'sub_title' => '', 'summary' => 'November 6: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November </span></span><span style="font-family:"Arial Unicode MS","sans-serif""> 6</span><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">: The government has decided to make an integrated action plan and build earthquake resistant housing within one year for the rehabilitation of those affected by the Jajarkot earthquake, while enabling the search, rescue and relief distribution. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">An emergency meeting of the Council of Ministers at Singha Durbar on Sunday took a decision to select Surkhet as the main liaison office, and Nepalgunj as the auxiliary liaison office to make the search, rescue and relief distribution effective, said Minister for Communications and Information Technology Rekha Sharma, who is also the government spokesperson. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The cabinet meeting also decided to accept and thank for the assistances received through the formal proposal from neighbours and friendly nations for relief and rehabilitation of the affected people, she informed. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The government will provide Rs 200,000 to each families of the people killed in the quake, and the government hospitals will provide free treatment to the injured. Makeshift tents will be provided for the affected. </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"">"Since the reconstruction work cannot be effective through the traditional construction method and the existing procurement act, there is a demand to do the reconstruction work through a robust and effective mechanism, and an action plan will be made accordingly. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The modality of providing subsidies for the quake victims to construct houses has also been discussed. Real victims should get subsidies, and the houses built should be properly utilised," said Sharma. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">The meeting also decided to provide lunch expenses to those deployed in the search, rescue and relief distribution and asked one and all to be patient in this time of disaster. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-06', 'modified' => '2023-11-06', 'keywords' => '', 'description' => '', 'sortorder' => '19145', 'image' => '20231106083535_HK-Jajarkot-IMG_9219 (1).jpg', 'article_date' => '2023-11-06 08:34:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19416', 'article_category_id' => '1', 'title' => 'NEPSE Loses Double Digits to Close at 1826.23', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The Nepal Stock Exchange(NEPSE) Index lost 21.46 points or 1.16%, closing at 1826.23 points on the first trading day of the week, Sunday. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024. The Nepal Stock Exchange (NEPSE) has witnessed a substantial drop of 400 points from its recent peak at 2228 points.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Market analysts and investors attribute today's decline to the poor performance of commercial banks in the first quarter of the current fiscal year. Additionally, they point to the stringent policies imposed by the central bank, particularly regarding margin loans, as a contributing factor to the continuous fall of the market.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today’s trading, 289 scrips were traded in the market. As many as 3,558,555 units of shares exchanged their hands through 39,322 transactions, amount to Rs 97 crore. NABIL promoter(NABILP) had the highest turnover of Rs 4.6 crore, closing at a market price of Rs 307.20 per share. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">NIC Asia Laghubitta Bittiya Sanstha Limited (NICLBSL) witnessed the highest gain of 6.96% while Himalayan Laghubitta Biittiya Sanstha(HLBSL) experienced the highest loss of 10% and hit the negative circuit for the day.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In terms of sector indices, all sectors except Hotels And Tourism closed in the red territory. Trading Index lost the highest 2.11% while Life Insurance lost the least 0.68%. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index experienced a loss of 1.49%, while Float Index and Sensitive Float Index lost 1.25% and 1.78% respectively. </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19144', 'image' => '20231105035745_collage (35).jpg', 'article_date' => '2023-11-05 15:56:15', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19415', 'article_category_id' => '1', 'title' => 'Government to Provide Immediate Relief of Rs 200,000 for Each Earthquake Victim', 'sub_title' => '', 'summary' => 'The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 5: The government has decided to provide immediate relief of Rs, 200,000 to the families of each person who lost their lives in the earthquake that struck Jajarkot and West Rukum Friday night. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The meeting of the Council of Ministers held at Singha Durbar decided to provide immediate relief to the families of earthquake victims. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government spokesperson and Minister for Communications and Information Technology Rekha Sharma said that the financial assistance is part of the initial phase of relief efforts.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The earthquake, measuring 6.4 magnitude with its epicenter in Jajarkot, resulted in the loss of 157 lives in the affected districts. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Cabinet also paid tribute to the deceased individuals and decided to expedite the ongoing rescue and relief operations.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has also announced free medical treatment for those injured in the earthquake. (RSS) </span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19143', 'image' => '20231105030857_collage (34).jpg', 'article_date' => '2023-11-05 15:07:48', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19413', 'article_category_id' => '1', 'title' => 'Collection of Insurance Premium of Life Insurance Companies Increases by 14% in First Quarter', 'sub_title' => '', 'summary' => 'November 5: Life insurance companies collected around Rs 41 billion in insurance premium in the first quarter of the current fiscal year (FY) 2080/81.', '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 5: Life insurance companies collected around Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">41</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance premium in the first quarter of the current fiscal year (FY) </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81.</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 Nepal Insurance Authority, in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, a total of </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""> life insurance companies collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">40.80</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fee while two micro life insurance companies collected Rs </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""> million.</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 authority, the </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""> life insurance companies had collected insurance premium worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">35</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"">77</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">billion in the first three months of the last fiscal year – FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2079/80. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Compared to the corresponding period of last fiscal year, the collection of insurance premium in the current fiscal year increased by </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""> percent.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the first quarter of the year </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">, Nepal Life Insurance Company collected topped the list of insurance companies collecting the most insurance fee. Nepal Life Insurance collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10.95</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion insurance fee during this period. LIC Nepal, which is second in the list of life insurance companies collecting the highest insurance fees, collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion followed by Himalayan Life Insurance Company, which has collected Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4.38</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion in insurance fees.</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, two micro life insurance companies have collected insurance fees of Rs </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"">million in the first quarter of FY </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2080/81. </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">During this period, Guardian Micro Life Insurance Company collected 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"">9</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> million</span></span> <span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">and Crest Micro Life Insurance Company collected 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"">1 </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">million in insurance fee.</span></span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19142', 'image' => '20231105015940_Insurance.jpg', 'article_date' => '2023-11-05 13:58:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 14 => array( 'Article' => array( 'id' => '19414', 'article_category_id' => '1', 'title' => 'Prime Minister Dahal Issues Directives to Make Relief, Rehabilitation Effective ', 'sub_title' => '', 'summary' => 'November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 5: November 5: Prime Minister Pushpa Kamal Dahal has issued directives for making the relief and rehabilitation of the Jajarkot earthquake victims effective. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Addressing a meeting of the Disaster Risk Reduction and Management National Council in Singha Durbar on Sunday, he instructed the bodies concerned to carry out the relief and rehabilitation operations with necessary preparation and by taking the earthquake affected people into confidence. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">PM Dahal expressed profound sorrow over the big loss of life and property caused by the earthquake and stressed on the need of utilizing the disaster as an important opportunity for reconstruction. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The 13th meeting of the council was convened to discuss the damage caused by the devastating earthquake that hit Jajarkot and Rukum West, and the steps the government needs to initiate in its aftermath. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, PM Dahal directed one and all to be serious on making the post-quake rescue, relief and reconstruction effective, describing the initiatives made by the three tiers of the government and other bodies immediately after the disaster as positive. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He stated that preparations have been made to carry out works in a prompt manner by restructuring the existing Acts, regulations and structures based on the good practices during the time of the 2015 Gorkha Earthquake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"I thank all the parties, the federal government and various agencies, the provincial government and the local governments for their post-earthquake initiatives. Now, we need to concentrate on relief and rehabilitation," the PM reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">He directed for managing warm clothes to the earthquake victims and for making treatment for them effective. Reminding that Nepal is a country vulnerable to natural disaster, the PM admitted that the government's initiatives and raising people's awareness have not been adequate. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"For the next three days, let us make maximum efforts for relief. Rehabilitation has to be made effective and we need the required Act, work procedure and structure for the same. The reconstruction works are not seen to be effective with the existing Act, procedures and structure. We need to make a sound review of our past experiences as well," PM Dahal reiterated. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Stating that an effective work relating to earthquake had not taken place following the 2015 earthquake, he stressed the need for a study on the geographical condition and risks. "We must think about carrying out a geographical study and establishing human settlements. We should work to keep all required materials during disasters. We will adopt a one-door system to distribute relief materials. We will stop misuse of relief materials. We will create an environment that reliefs are distributed through the central, provincial and local governments." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">In the meeting, participants including Deputy Prime Minister and Home Minister Narayan Kaji Shrestha, Finance Minister Dr Prakash Sharan Mahat, Minister for Energy, Water Resources and Irrigation Shakti Bahadur Basnet, Minister for Agriculture and Livestock Development Dr Beduram Bhusal, Minister for Education, Science and Technology Ashok Kumar Rai, Minister for Urban Development Sita Gurung, Minister for Physical Infrastructure and Transport Prakash Jwala and Chief of the Army Staff Prabhuram Sharma commended the activeness and hard work shown by PM Dahal during the quake. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">"Prime Minister himself took the initiative in rescue efforts. Rescue efforts have almost been complete. Now, there are no reports of missing people. So, our focus should be on relief distribution," said DPM Shrestha. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-05', 'modified' => '2023-11-05', 'keywords' => '', 'description' => '', 'sortorder' => '19141', 'image' => '20231105021144_PRO-KTM-066A1421.jpg', 'article_date' => '2023-11-05 14:11:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
