November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional…
November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional…
November 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained…
November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in…
More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of…
October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before…
October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal.…
October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain…
October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule…
October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation.…
October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading…
October 31: The Westerly wind is having a partial influence in Nepal at…
Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the…
Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable…
The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week,…
October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on…
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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 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agreement involves a loan amounting to USD 100 million, which is equivalent to around Rs 13 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Krishna Hari Pushkar and ADB Country Director for Nepal, Arnaud Cauchois, signed the agreement on behalf of their respective sides at the ministry on Tuesday, according to the Ministry of Finance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the project agreement was signed by Bharat Prasad Aryal, director general of the Department of Local Infrastructures, five province secretaries: Ramesh Kumar Singh, Amrit Shrestha, Shankar Prasad Pandit, Sunil Poudel and Bishnu Bhandari; and the ADB Country Director. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project aims to strengthen rural road connectivity and enhance the capacity of rural infrastructure agencies and road users. The proposed assistance is expected to have a transformational impact by establishing and maintaining year-round road connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Secretary Pushkar said," Rural communities are also vulnerable to climate change impact such as increasing frequency and intensity of flooding and landslides which can damage roads. In this context, this project has a great relevance and significance in establishing and maintaining year-round connectivity to promote inclusion and growth in rural areas." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ADB Country Director for Nepal expressed hope that the concessional loan would play a crucial role in improving rural connectivity by constructing all-weather roads and bridges across five out of seven provinces in Nepal, totaling 324 kilometers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance secretary appreciated the ADB's continued support to Nepal's socio-economic development.-- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'ADB, concessional, loan, Nepal, connectivity', 'description' => '', 'sortorder' => '19106', 'image' => '20231101102021_KB-KTM-0U3A2576.JPG', 'article_date' => '2023-11-01 10:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19376', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Diesel and Kerosene by Rs 4 Per Litre ', 'sub_title' => '', 'summary' => 'November 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.', '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 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.</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"">Issuing a statement on Tuesday, the NOC said the new price will come into force from Wednesday, November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the revised price list, diesel and kerosene will now cost Rs 164 per litre in the Kathmandu valley, Pokhara and Dipayal, which fall in the third category of cities. The price of petrol remains unchanged at Rs 172 per litre.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further mentions that the state-owned oil monopoly of Nepal revised the rates of the petroleum products after receiving the new list from its Indian counterpart, the Indian Oil Corporation, which lowered the prices.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'petrol. diesel, kerosene, Nepal, oil,corporation, Indian, price, slash, reduce', 'description' => '', 'sortorder' => '19105', 'image' => '20231101093439_20230102122351_petroo - Copy.jpg', 'article_date' => '2023-11-01 09:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19377', 'article_category_id' => '1', 'title' => 'UN Secretary-General Pledges Support for Mitigating Climate Change Impacts in Nepal ', 'sub_title' => '', 'summary' => 'November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Guterres who arrived at the Annapurna Base Camp on Tuesday morning during his-four-day visit to Nepal acknowledged that climate change caused by developed and industrialized nations has had adverse implications in Nepal which has no significant role in causing it. Stating that global warming, a key aspects of climate change, has led to a rising level of snow melting, resulting in more incidences of landslides and floods. </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"">Calling upon the rich and industrial nations to scale up the implementation of climate change coping strategies, he urged them to assist Nepal its efforts to cope with the impact of climate change. </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 UN Secretary-General arrived at the ABC on a Nepalese Army helicopter. Upon his arrival, he was welcomed by local officials including Annapurna Rural Municipality chair Bishnu Bahadur KC, Chhomrong Tourism Committee office-bearers and local tourism entrepreneurs. He was accompanied by his members in his entourage.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">World can learn much from Nepal: UN Secretary General </span></strong></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"">Upon returning to Kathmandu after visiting Annapurna and Lumbini on Tuesday, UN Secretary General Guterres said the world could learn much from Nepal in responding to multiple crises. </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"">Addressing the federal parliaments on Tuesday, Guterres said, "As geopolitical tensions rise, global divisions are becoming deeper and more dangerous. Smaller countries fear becoming collateral damage in competition between great powers. And climate catastrophe is accelerating with a deadly force." </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"">According to him, other countries can learn much from Nepal in responding to such crises. </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"">Similarly, he viewed Nepal is a promoter of peace, a champion of multilateralism, and a staunch supporter of sustainable development and climate action. </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"">"Nestled between two great powers, you have forged your own path to safeguard your sovereignty and independence. And your journey over the past twenty years has been wonderful to see," he said, adding that a new republic with a new Constitution has the UN Charter at its heart. </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"">He lauded Nepal, saying it was quick to embrace the Sustainable Development Goals, and is making progress on many of them. "Your country has successfully calmed the storms of conflict and moved from war to peace. A process the United Nations has been proud to support," he shared. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's dynamic story of progress continues today, the UN Secretary General viewed, adding that Nepal's graduation from Least Developed Country status is imminent. The UN is committed to supporting a smooth transition, he vowed. </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 UN secretary general will wrap up his four-day visit to Nepal on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'UN, secretary, general, Antonio, Nepal, climate, mitigate, peace', 'description' => '', 'sortorder' => '19104', 'image' => '20231101093718_Tasbir_Gandagi_RSS_15_IMG-20231031-WA0013.jpg', 'article_date' => '2023-11-01 09:36:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19375', 'article_category_id' => '1', 'title' => 'Over 8,000 Pilgrims Visit Pathivara in a Day', 'sub_title' => '', 'summary' => 'More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 1: More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As many as 8,500 visitors reached and offered puja at the pilgrim site on Tuesday alone due to favourable weather conditions. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An employee at Pathivara Temple Area, Rajendra Mahat, informed that they recorded highest number of arrival in the religious site on Tuesday- highest since the beginning of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the religious iste had witnessed arrival of 6,600 people in a day of the Dashain festival. The record was broken with the surge on pilgrims' arrival. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It has been difficult for some years to manage queue for conducting puja conveniently. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Pathivara Area Development Committee and the Pathivara Devi Temple Preservation and Promotion Committee have been managing visitors' arrival and worship. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Committee informed that a total of 25,368 devotees visited Pathivara from Ghatasthapana to Kojagrat Poornima. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '19103', 'image' => '20231101055201_collage.jpg', 'article_date' => '2023-11-01 05:50:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19371', 'article_category_id' => '1', 'title' => 'Farmers Worried as Flowers Bloom ahead of Tihar', 'sub_title' => '', 'summary' => 'October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The farmers who produce flowers for Tihar are worried that the flowers will be wasted this time as the festival falls only in mid-November, a delay caused due to the lunar calendar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Last year, the festival of Tihar was observed during this time of year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Seeing the high demand for flowers last year, new farmers also started flower cultivation. The flowers planted by the farmers targeting the festival of Tihar have already bloomed.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Deepak Pakhrin of Bharatpur Metropolitan City-26 said, “Tihar is yet to arrive, but the flowers have already bloomed. There is not even demand at all right now. The flowers are most likely to get withered.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Pakhrin has planted Calcutta, Tennis, Orange ball varieties of marigold flowers in four bighas of land and other types of flowers in another two bighas. He said that even though marigold flowers are sold all year round, the flowers intended for Tihar will be wasted if they bloom early. He said, “If flowers are picked now, there is a risk that they won’t be sold; if they are not picked, they will wither by Tihar.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that some farmers planted the seeds early and the flowers bloomed before Tihar. According to the farmers, Calcutta variety starts flowering in 55 days and Tennis variety starts flowering in 45 days. Within a hundred days, the flowers bloom and are ready. Ishwar Shrestha, the owner of Ujjwal Nursery located in Bharatpur Metropolitan City-7, says that the flowers bloomed early this year and the production has almost doubled. He planted flowers in an area of 1.5 bighas of land and had to pick them before Tihar and throw them away. Farmers say that marigold flowers cannot be stored for many days.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sujata Devkota, a farmer of Bharatpur-23, said, “This flower can be stored in cold storage for 10 days, after that it will wither.” She says that although the farmers grow flowers all year round, most of them were in a hurry to plant flowers, so they bloomed before Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sulabh Shrestha, secretary of the Floriculture Association, Chitwan said that there is a risk in the investment of farmers who cultivated flowers specifically for Tihar. He said that as in previous years, most of the farmers planted flowers in mid-June and they bloomed by mid-October. He added that although the flower production is good this year, the farmers are worried about the lack of market.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19099', 'image' => '20231031025352_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-31 14:53:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19369', 'article_category_id' => '1', 'title' => '40 Percent of Farmers Use Tractors in Nepal', 'sub_title' => '', 'summary' => 'October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. According to the National Agricultural Census 2078, the number of farmers who use tractors for agricultural work is 40 per cent. During the agricultural census in 2068, it was found that only 22 per cent of the 845,000 farmer families used tractors for farming. According to the latest count, 1.63 million farmers use tractors.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The data shows that the number of tractors owned by farmers has also increased during this period. In the agricultural census of 2068, the farmer families had 37,000 tractors. In 2078, this number increased to 58,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The use of power tillers/mini tillers is also increasing. In 2068, there were 76,000 farmers using power tillers/mini tillers across Nepal. Currently, the number of farmers using the machine has reached 471,000. The number of power tillers/mini tillers has also increased from 10,000 to 118,000 units.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Khojraj Katuwal, the outgoing president of the Nepal Agricultural Machinery Traders Association, when the government gives concessions on agricultural equipment, its use increases widely. The government has been giving subsidies to farmers to buy agricultural equipment for almost a decade. He said that due to the increase in awareness among farmers about modern agriculture and the expansion of commercial farming, the use of agricultural equipment is increasing day by day.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is a good thing to increase production by increasing the use of agricultural machinery, but most of the machines we use have to be imported from abroad. A large amount of money is spent on the import of machinery and equipment,'' he told New Business Age. To prevent this, the government should create an environment to produce such equipment in Nepal, he added.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The number of farmer families using threshers and crop pruning tools has increased from 0.83 million in 2068 to 1.17 million in 2078. During this period, the number of threshers owned by farmer families increased from 52,000 to 1,15,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Likewise, the number of farmer families using pumping sets/motors has increased from 548,000 to 691,000. Meanwhile, the number of farmers using sprayers has also increased from 574,000 to 1.15 million. According to the Agricultural Census 2078, 30,000 farmer families in Nepal use milking machines.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the increase in the use of tractors, power tillers/mini tillers, it has been observed that the number of farmers using the ploughs has decreased. In the previous agricultural census, there were 1.07 million farmers using modern iron ploughs. According to the calculation of 2078, the number of farmers using ploughs has decreased to 733,000.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19097', 'image' => '20231031021721_Agri.jpg', 'article_date' => '2023-10-31 14:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19368', 'article_category_id' => '1', 'title' => 'Rs 10 Billion Deposits added in Banking System in a Day', 'sub_title' => '', 'summary' => 'October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NRB, as of Thursday, October 26, the total deposits in banks and financial institutions were Rs 5868 billion, which increased to Rs 5878 billion on October 27. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, there was a cash flow of Rs 76 billion from the banking system to the market. NRB Spokesperson Dr Gunakar Bhatta informed that on October 3, cash equivalent to Rs 620 billion was in circulation in the market, and by the October 26, it increased to Rs 696 billion. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, NRB also provided the facility of issuing new bank notes. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the general public withdrew money from banks during Dashain, the bank deposits decreased and cash in circulation increased. Spokesperson Bhatta said that the amount withdrawn for financial transactions on the occasion of the festival will gradually return to the banking system but it will take some more time.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to Thursday, the total deposits of commercial banks increased by Rs 8 billion to Rs 5192 billion on Friday, while the deposits of development banks and finance companies also increased by Rs 2 billion to Rs 686 billion, as per NRB. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Despite the increase in deposits in the banking system, the credit flow has decreased. The total loan disbursed by BFIs stood at Rs 4973 billion as of Thursday, which decreased to Rs 4971 billion on Friday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">However, the loan disbursement has increased compared to mid-October. By mid-October, the total loan of banks was Rs 4952 billion. With the onset of November, loan disbursements from banks started to increase.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the growth of deposits is higher than that of loans, the credit-deposit ratio (CD ratio) of banks also decreased. On Friday, the average CD ratio of banks remained at 81.71 percent. By mid-October, this ratio was 81.74 percent. According to the NRB’s provision, banks can provide loans by maintaining a CD ratio of up to 90 percent. They now have the capacity to provide additional loans of Rs 487 billion. With the increase in deposits and lending of banks, the interbank interest rate also increased rapidly. The average interest rate of interbank transactions, which has been around 2 percent for a long time, stood at 4.58 percent on Friday.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19096', 'image' => '20231031015946_Banks - Copy.jpg', 'article_date' => '2023-10-31 13:58:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19367', 'article_category_id' => '1', 'title' => 'Traffic Police Intensifies Checking, more than 1,500 Offenders Booked KTM Valley in a Day ', 'sub_title' => '', 'summary' => 'October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KVTPO has mobilized special police teams and intensified checkings in all the three districts of the Valley- Kathmandu, Lalitpur and Bhaktapur for preventing traffic offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">KVTPO spokesperson Senior Superintendent of Police Rajendra Prasad Bhatta said 1,527 drivers were booked in the last 24 hours alone in course of the special campaign. </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"">Among them, 75 faced action for drunk-driving, 21 for driving on wrong lane, 12 for violating traffic light signal, 17 for blowing vehicle horn unnecessarily, 15 for not keeping the vehicle number plate and 321 for over speeding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 1,527 persons faced action in the last 24 hours from 6 am Monday till 6 am Tuesday, including 1,066 for breaching an array of traffic rules, said the KVTPO spokesperson. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19095', 'image' => '20231031113930_20221218104348_Traffic-Fines-Payment-Esewa.jpg', 'article_date' => '2023-10-31 11:38:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19366', 'article_category_id' => '1', 'title' => 'Over 20,000 Tourists Visit Chitwan National Park during Dashain Vacation ', 'sub_title' => '', 'summary' => 'October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', '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' => '19378', 'article_category_id' => '1', 'title' => 'ADB Agrees to Provide Rs 13 Billion Concessional Loan to Nepal ', 'sub_title' => '', 'summary' => 'November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agreement involves a loan amounting to USD 100 million, which is equivalent to around Rs 13 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Krishna Hari Pushkar and ADB Country Director for Nepal, Arnaud Cauchois, signed the agreement on behalf of their respective sides at the ministry on Tuesday, according to the Ministry of Finance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the project agreement was signed by Bharat Prasad Aryal, director general of the Department of Local Infrastructures, five province secretaries: Ramesh Kumar Singh, Amrit Shrestha, Shankar Prasad Pandit, Sunil Poudel and Bishnu Bhandari; and the ADB Country Director. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project aims to strengthen rural road connectivity and enhance the capacity of rural infrastructure agencies and road users. The proposed assistance is expected to have a transformational impact by establishing and maintaining year-round road connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Secretary Pushkar said," Rural communities are also vulnerable to climate change impact such as increasing frequency and intensity of flooding and landslides which can damage roads. In this context, this project has a great relevance and significance in establishing and maintaining year-round connectivity to promote inclusion and growth in rural areas." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ADB Country Director for Nepal expressed hope that the concessional loan would play a crucial role in improving rural connectivity by constructing all-weather roads and bridges across five out of seven provinces in Nepal, totaling 324 kilometers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance secretary appreciated the ADB's continued support to Nepal's socio-economic development.-- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'ADB, concessional, loan, Nepal, connectivity', 'description' => '', 'sortorder' => '19106', 'image' => '20231101102021_KB-KTM-0U3A2576.JPG', 'article_date' => '2023-11-01 10:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19376', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Diesel and Kerosene by Rs 4 Per Litre ', 'sub_title' => '', 'summary' => 'November 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.', '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 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.</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"">Issuing a statement on Tuesday, the NOC said the new price will come into force from Wednesday, November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the revised price list, diesel and kerosene will now cost Rs 164 per litre in the Kathmandu valley, Pokhara and Dipayal, which fall in the third category of cities. The price of petrol remains unchanged at Rs 172 per litre.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further mentions that the state-owned oil monopoly of Nepal revised the rates of the petroleum products after receiving the new list from its Indian counterpart, the Indian Oil Corporation, which lowered the prices.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'petrol. diesel, kerosene, Nepal, oil,corporation, Indian, price, slash, reduce', 'description' => '', 'sortorder' => '19105', 'image' => '20231101093439_20230102122351_petroo - Copy.jpg', 'article_date' => '2023-11-01 09:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19377', 'article_category_id' => '1', 'title' => 'UN Secretary-General Pledges Support for Mitigating Climate Change Impacts in Nepal ', 'sub_title' => '', 'summary' => 'November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Guterres who arrived at the Annapurna Base Camp on Tuesday morning during his-four-day visit to Nepal acknowledged that climate change caused by developed and industrialized nations has had adverse implications in Nepal which has no significant role in causing it. Stating that global warming, a key aspects of climate change, has led to a rising level of snow melting, resulting in more incidences of landslides and floods. </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"">Calling upon the rich and industrial nations to scale up the implementation of climate change coping strategies, he urged them to assist Nepal its efforts to cope with the impact of climate change. </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 UN Secretary-General arrived at the ABC on a Nepalese Army helicopter. Upon his arrival, he was welcomed by local officials including Annapurna Rural Municipality chair Bishnu Bahadur KC, Chhomrong Tourism Committee office-bearers and local tourism entrepreneurs. He was accompanied by his members in his entourage.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">World can learn much from Nepal: UN Secretary General </span></strong></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"">Upon returning to Kathmandu after visiting Annapurna and Lumbini on Tuesday, UN Secretary General Guterres said the world could learn much from Nepal in responding to multiple crises. </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"">Addressing the federal parliaments on Tuesday, Guterres said, "As geopolitical tensions rise, global divisions are becoming deeper and more dangerous. Smaller countries fear becoming collateral damage in competition between great powers. And climate catastrophe is accelerating with a deadly force." </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"">According to him, other countries can learn much from Nepal in responding to such crises. </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"">Similarly, he viewed Nepal is a promoter of peace, a champion of multilateralism, and a staunch supporter of sustainable development and climate action. </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"">"Nestled between two great powers, you have forged your own path to safeguard your sovereignty and independence. And your journey over the past twenty years has been wonderful to see," he said, adding that a new republic with a new Constitution has the UN Charter at its heart. </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"">He lauded Nepal, saying it was quick to embrace the Sustainable Development Goals, and is making progress on many of them. "Your country has successfully calmed the storms of conflict and moved from war to peace. A process the United Nations has been proud to support," he shared. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's dynamic story of progress continues today, the UN Secretary General viewed, adding that Nepal's graduation from Least Developed Country status is imminent. The UN is committed to supporting a smooth transition, he vowed. </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 UN secretary general will wrap up his four-day visit to Nepal on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'UN, secretary, general, Antonio, Nepal, climate, mitigate, peace', 'description' => '', 'sortorder' => '19104', 'image' => '20231101093718_Tasbir_Gandagi_RSS_15_IMG-20231031-WA0013.jpg', 'article_date' => '2023-11-01 09:36:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19375', 'article_category_id' => '1', 'title' => 'Over 8,000 Pilgrims Visit Pathivara in a Day', 'sub_title' => '', 'summary' => 'More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 1: More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As many as 8,500 visitors reached and offered puja at the pilgrim site on Tuesday alone due to favourable weather conditions. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An employee at Pathivara Temple Area, Rajendra Mahat, informed that they recorded highest number of arrival in the religious site on Tuesday- highest since the beginning of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the religious iste had witnessed arrival of 6,600 people in a day of the Dashain festival. The record was broken with the surge on pilgrims' arrival. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It has been difficult for some years to manage queue for conducting puja conveniently. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Pathivara Area Development Committee and the Pathivara Devi Temple Preservation and Promotion Committee have been managing visitors' arrival and worship. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Committee informed that a total of 25,368 devotees visited Pathivara from Ghatasthapana to Kojagrat Poornima. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '19103', 'image' => '20231101055201_collage.jpg', 'article_date' => '2023-11-01 05:50:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19371', 'article_category_id' => '1', 'title' => 'Farmers Worried as Flowers Bloom ahead of Tihar', 'sub_title' => '', 'summary' => 'October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The farmers who produce flowers for Tihar are worried that the flowers will be wasted this time as the festival falls only in mid-November, a delay caused due to the lunar calendar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Last year, the festival of Tihar was observed during this time of year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Seeing the high demand for flowers last year, new farmers also started flower cultivation. The flowers planted by the farmers targeting the festival of Tihar have already bloomed.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Deepak Pakhrin of Bharatpur Metropolitan City-26 said, “Tihar is yet to arrive, but the flowers have already bloomed. There is not even demand at all right now. The flowers are most likely to get withered.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Pakhrin has planted Calcutta, Tennis, Orange ball varieties of marigold flowers in four bighas of land and other types of flowers in another two bighas. He said that even though marigold flowers are sold all year round, the flowers intended for Tihar will be wasted if they bloom early. He said, “If flowers are picked now, there is a risk that they won’t be sold; if they are not picked, they will wither by Tihar.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that some farmers planted the seeds early and the flowers bloomed before Tihar. According to the farmers, Calcutta variety starts flowering in 55 days and Tennis variety starts flowering in 45 days. Within a hundred days, the flowers bloom and are ready. Ishwar Shrestha, the owner of Ujjwal Nursery located in Bharatpur Metropolitan City-7, says that the flowers bloomed early this year and the production has almost doubled. He planted flowers in an area of 1.5 bighas of land and had to pick them before Tihar and throw them away. Farmers say that marigold flowers cannot be stored for many days.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sujata Devkota, a farmer of Bharatpur-23, said, “This flower can be stored in cold storage for 10 days, after that it will wither.” She says that although the farmers grow flowers all year round, most of them were in a hurry to plant flowers, so they bloomed before Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sulabh Shrestha, secretary of the Floriculture Association, Chitwan said that there is a risk in the investment of farmers who cultivated flowers specifically for Tihar. He said that as in previous years, most of the farmers planted flowers in mid-June and they bloomed by mid-October. He added that although the flower production is good this year, the farmers are worried about the lack of market.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19099', 'image' => '20231031025352_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-31 14:53:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19369', 'article_category_id' => '1', 'title' => '40 Percent of Farmers Use Tractors in Nepal', 'sub_title' => '', 'summary' => 'October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. According to the National Agricultural Census 2078, the number of farmers who use tractors for agricultural work is 40 per cent. During the agricultural census in 2068, it was found that only 22 per cent of the 845,000 farmer families used tractors for farming. According to the latest count, 1.63 million farmers use tractors.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The data shows that the number of tractors owned by farmers has also increased during this period. In the agricultural census of 2068, the farmer families had 37,000 tractors. In 2078, this number increased to 58,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The use of power tillers/mini tillers is also increasing. In 2068, there were 76,000 farmers using power tillers/mini tillers across Nepal. Currently, the number of farmers using the machine has reached 471,000. The number of power tillers/mini tillers has also increased from 10,000 to 118,000 units.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Khojraj Katuwal, the outgoing president of the Nepal Agricultural Machinery Traders Association, when the government gives concessions on agricultural equipment, its use increases widely. The government has been giving subsidies to farmers to buy agricultural equipment for almost a decade. He said that due to the increase in awareness among farmers about modern agriculture and the expansion of commercial farming, the use of agricultural equipment is increasing day by day.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is a good thing to increase production by increasing the use of agricultural machinery, but most of the machines we use have to be imported from abroad. A large amount of money is spent on the import of machinery and equipment,'' he told New Business Age. To prevent this, the government should create an environment to produce such equipment in Nepal, he added.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The number of farmer families using threshers and crop pruning tools has increased from 0.83 million in 2068 to 1.17 million in 2078. During this period, the number of threshers owned by farmer families increased from 52,000 to 1,15,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Likewise, the number of farmer families using pumping sets/motors has increased from 548,000 to 691,000. Meanwhile, the number of farmers using sprayers has also increased from 574,000 to 1.15 million. According to the Agricultural Census 2078, 30,000 farmer families in Nepal use milking machines.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the increase in the use of tractors, power tillers/mini tillers, it has been observed that the number of farmers using the ploughs has decreased. In the previous agricultural census, there were 1.07 million farmers using modern iron ploughs. According to the calculation of 2078, the number of farmers using ploughs has decreased to 733,000.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19097', 'image' => '20231031021721_Agri.jpg', 'article_date' => '2023-10-31 14:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19368', 'article_category_id' => '1', 'title' => 'Rs 10 Billion Deposits added in Banking System in a Day', 'sub_title' => '', 'summary' => 'October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NRB, as of Thursday, October 26, the total deposits in banks and financial institutions were Rs 5868 billion, which increased to Rs 5878 billion on October 27. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, there was a cash flow of Rs 76 billion from the banking system to the market. NRB Spokesperson Dr Gunakar Bhatta informed that on October 3, cash equivalent to Rs 620 billion was in circulation in the market, and by the October 26, it increased to Rs 696 billion. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, NRB also provided the facility of issuing new bank notes. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the general public withdrew money from banks during Dashain, the bank deposits decreased and cash in circulation increased. Spokesperson Bhatta said that the amount withdrawn for financial transactions on the occasion of the festival will gradually return to the banking system but it will take some more time.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to Thursday, the total deposits of commercial banks increased by Rs 8 billion to Rs 5192 billion on Friday, while the deposits of development banks and finance companies also increased by Rs 2 billion to Rs 686 billion, as per NRB. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Despite the increase in deposits in the banking system, the credit flow has decreased. The total loan disbursed by BFIs stood at Rs 4973 billion as of Thursday, which decreased to Rs 4971 billion on Friday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">However, the loan disbursement has increased compared to mid-October. By mid-October, the total loan of banks was Rs 4952 billion. With the onset of November, loan disbursements from banks started to increase.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the growth of deposits is higher than that of loans, the credit-deposit ratio (CD ratio) of banks also decreased. On Friday, the average CD ratio of banks remained at 81.71 percent. By mid-October, this ratio was 81.74 percent. According to the NRB’s provision, banks can provide loans by maintaining a CD ratio of up to 90 percent. They now have the capacity to provide additional loans of Rs 487 billion. With the increase in deposits and lending of banks, the interbank interest rate also increased rapidly. The average interest rate of interbank transactions, which has been around 2 percent for a long time, stood at 4.58 percent on Friday.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19096', 'image' => '20231031015946_Banks - Copy.jpg', 'article_date' => '2023-10-31 13:58:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19367', 'article_category_id' => '1', 'title' => 'Traffic Police Intensifies Checking, more than 1,500 Offenders Booked KTM Valley in a Day ', 'sub_title' => '', 'summary' => 'October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KVTPO has mobilized special police teams and intensified checkings in all the three districts of the Valley- Kathmandu, Lalitpur and Bhaktapur for preventing traffic offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">KVTPO spokesperson Senior Superintendent of Police Rajendra Prasad Bhatta said 1,527 drivers were booked in the last 24 hours alone in course of the special campaign. </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"">Among them, 75 faced action for drunk-driving, 21 for driving on wrong lane, 12 for violating traffic light signal, 17 for blowing vehicle horn unnecessarily, 15 for not keeping the vehicle number plate and 321 for over speeding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 1,527 persons faced action in the last 24 hours from 6 am Monday till 6 am Tuesday, including 1,066 for breaching an array of traffic rules, said the KVTPO spokesperson. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19095', 'image' => '20231031113930_20221218104348_Traffic-Fines-Payment-Esewa.jpg', 'article_date' => '2023-10-31 11:38:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19366', 'article_category_id' => '1', 'title' => 'Over 20,000 Tourists Visit Chitwan National Park during Dashain Vacation ', 'sub_title' => '', 'summary' => 'October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', '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' => '19378', 'article_category_id' => '1', 'title' => 'ADB Agrees to Provide Rs 13 Billion Concessional Loan to Nepal ', 'sub_title' => '', 'summary' => 'November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agreement involves a loan amounting to USD 100 million, which is equivalent to around Rs 13 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Krishna Hari Pushkar and ADB Country Director for Nepal, Arnaud Cauchois, signed the agreement on behalf of their respective sides at the ministry on Tuesday, according to the Ministry of Finance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the project agreement was signed by Bharat Prasad Aryal, director general of the Department of Local Infrastructures, five province secretaries: Ramesh Kumar Singh, Amrit Shrestha, Shankar Prasad Pandit, Sunil Poudel and Bishnu Bhandari; and the ADB Country Director. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project aims to strengthen rural road connectivity and enhance the capacity of rural infrastructure agencies and road users. The proposed assistance is expected to have a transformational impact by establishing and maintaining year-round road connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Secretary Pushkar said," Rural communities are also vulnerable to climate change impact such as increasing frequency and intensity of flooding and landslides which can damage roads. In this context, this project has a great relevance and significance in establishing and maintaining year-round connectivity to promote inclusion and growth in rural areas." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ADB Country Director for Nepal expressed hope that the concessional loan would play a crucial role in improving rural connectivity by constructing all-weather roads and bridges across five out of seven provinces in Nepal, totaling 324 kilometers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance secretary appreciated the ADB's continued support to Nepal's socio-economic development.-- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'ADB, concessional, loan, Nepal, connectivity', 'description' => '', 'sortorder' => '19106', 'image' => '20231101102021_KB-KTM-0U3A2576.JPG', 'article_date' => '2023-11-01 10:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19376', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Diesel and Kerosene by Rs 4 Per Litre ', 'sub_title' => '', 'summary' => 'November 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.', '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 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.</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"">Issuing a statement on Tuesday, the NOC said the new price will come into force from Wednesday, November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the revised price list, diesel and kerosene will now cost Rs 164 per litre in the Kathmandu valley, Pokhara and Dipayal, which fall in the third category of cities. The price of petrol remains unchanged at Rs 172 per litre.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further mentions that the state-owned oil monopoly of Nepal revised the rates of the petroleum products after receiving the new list from its Indian counterpart, the Indian Oil Corporation, which lowered the prices.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'petrol. diesel, kerosene, Nepal, oil,corporation, Indian, price, slash, reduce', 'description' => '', 'sortorder' => '19105', 'image' => '20231101093439_20230102122351_petroo - Copy.jpg', 'article_date' => '2023-11-01 09:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19377', 'article_category_id' => '1', 'title' => 'UN Secretary-General Pledges Support for Mitigating Climate Change Impacts in Nepal ', 'sub_title' => '', 'summary' => 'November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Guterres who arrived at the Annapurna Base Camp on Tuesday morning during his-four-day visit to Nepal acknowledged that climate change caused by developed and industrialized nations has had adverse implications in Nepal which has no significant role in causing it. Stating that global warming, a key aspects of climate change, has led to a rising level of snow melting, resulting in more incidences of landslides and floods. </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"">Calling upon the rich and industrial nations to scale up the implementation of climate change coping strategies, he urged them to assist Nepal its efforts to cope with the impact of climate change. </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 UN Secretary-General arrived at the ABC on a Nepalese Army helicopter. Upon his arrival, he was welcomed by local officials including Annapurna Rural Municipality chair Bishnu Bahadur KC, Chhomrong Tourism Committee office-bearers and local tourism entrepreneurs. He was accompanied by his members in his entourage.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">World can learn much from Nepal: UN Secretary General </span></strong></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"">Upon returning to Kathmandu after visiting Annapurna and Lumbini on Tuesday, UN Secretary General Guterres said the world could learn much from Nepal in responding to multiple crises. </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"">Addressing the federal parliaments on Tuesday, Guterres said, "As geopolitical tensions rise, global divisions are becoming deeper and more dangerous. Smaller countries fear becoming collateral damage in competition between great powers. And climate catastrophe is accelerating with a deadly force." </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"">According to him, other countries can learn much from Nepal in responding to such crises. </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"">Similarly, he viewed Nepal is a promoter of peace, a champion of multilateralism, and a staunch supporter of sustainable development and climate action. </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"">"Nestled between two great powers, you have forged your own path to safeguard your sovereignty and independence. And your journey over the past twenty years has been wonderful to see," he said, adding that a new republic with a new Constitution has the UN Charter at its heart. </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"">He lauded Nepal, saying it was quick to embrace the Sustainable Development Goals, and is making progress on many of them. "Your country has successfully calmed the storms of conflict and moved from war to peace. A process the United Nations has been proud to support," he shared. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's dynamic story of progress continues today, the UN Secretary General viewed, adding that Nepal's graduation from Least Developed Country status is imminent. The UN is committed to supporting a smooth transition, he vowed. </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 UN secretary general will wrap up his four-day visit to Nepal on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'UN, secretary, general, Antonio, Nepal, climate, mitigate, peace', 'description' => '', 'sortorder' => '19104', 'image' => '20231101093718_Tasbir_Gandagi_RSS_15_IMG-20231031-WA0013.jpg', 'article_date' => '2023-11-01 09:36:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19375', 'article_category_id' => '1', 'title' => 'Over 8,000 Pilgrims Visit Pathivara in a Day', 'sub_title' => '', 'summary' => 'More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 1: More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As many as 8,500 visitors reached and offered puja at the pilgrim site on Tuesday alone due to favourable weather conditions. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An employee at Pathivara Temple Area, Rajendra Mahat, informed that they recorded highest number of arrival in the religious site on Tuesday- highest since the beginning of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the religious iste had witnessed arrival of 6,600 people in a day of the Dashain festival. The record was broken with the surge on pilgrims' arrival. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It has been difficult for some years to manage queue for conducting puja conveniently. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Pathivara Area Development Committee and the Pathivara Devi Temple Preservation and Promotion Committee have been managing visitors' arrival and worship. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Committee informed that a total of 25,368 devotees visited Pathivara from Ghatasthapana to Kojagrat Poornima. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '19103', 'image' => '20231101055201_collage.jpg', 'article_date' => '2023-11-01 05:50:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19371', 'article_category_id' => '1', 'title' => 'Farmers Worried as Flowers Bloom ahead of Tihar', 'sub_title' => '', 'summary' => 'October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The farmers who produce flowers for Tihar are worried that the flowers will be wasted this time as the festival falls only in mid-November, a delay caused due to the lunar calendar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Last year, the festival of Tihar was observed during this time of year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Seeing the high demand for flowers last year, new farmers also started flower cultivation. The flowers planted by the farmers targeting the festival of Tihar have already bloomed.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Deepak Pakhrin of Bharatpur Metropolitan City-26 said, “Tihar is yet to arrive, but the flowers have already bloomed. There is not even demand at all right now. The flowers are most likely to get withered.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Pakhrin has planted Calcutta, Tennis, Orange ball varieties of marigold flowers in four bighas of land and other types of flowers in another two bighas. He said that even though marigold flowers are sold all year round, the flowers intended for Tihar will be wasted if they bloom early. He said, “If flowers are picked now, there is a risk that they won’t be sold; if they are not picked, they will wither by Tihar.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that some farmers planted the seeds early and the flowers bloomed before Tihar. According to the farmers, Calcutta variety starts flowering in 55 days and Tennis variety starts flowering in 45 days. Within a hundred days, the flowers bloom and are ready. Ishwar Shrestha, the owner of Ujjwal Nursery located in Bharatpur Metropolitan City-7, says that the flowers bloomed early this year and the production has almost doubled. He planted flowers in an area of 1.5 bighas of land and had to pick them before Tihar and throw them away. Farmers say that marigold flowers cannot be stored for many days.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sujata Devkota, a farmer of Bharatpur-23, said, “This flower can be stored in cold storage for 10 days, after that it will wither.” She says that although the farmers grow flowers all year round, most of them were in a hurry to plant flowers, so they bloomed before Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sulabh Shrestha, secretary of the Floriculture Association, Chitwan said that there is a risk in the investment of farmers who cultivated flowers specifically for Tihar. He said that as in previous years, most of the farmers planted flowers in mid-June and they bloomed by mid-October. He added that although the flower production is good this year, the farmers are worried about the lack of market.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19099', 'image' => '20231031025352_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-31 14:53:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19369', 'article_category_id' => '1', 'title' => '40 Percent of Farmers Use Tractors in Nepal', 'sub_title' => '', 'summary' => 'October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. According to the National Agricultural Census 2078, the number of farmers who use tractors for agricultural work is 40 per cent. During the agricultural census in 2068, it was found that only 22 per cent of the 845,000 farmer families used tractors for farming. According to the latest count, 1.63 million farmers use tractors.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The data shows that the number of tractors owned by farmers has also increased during this period. In the agricultural census of 2068, the farmer families had 37,000 tractors. In 2078, this number increased to 58,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The use of power tillers/mini tillers is also increasing. In 2068, there were 76,000 farmers using power tillers/mini tillers across Nepal. Currently, the number of farmers using the machine has reached 471,000. The number of power tillers/mini tillers has also increased from 10,000 to 118,000 units.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Khojraj Katuwal, the outgoing president of the Nepal Agricultural Machinery Traders Association, when the government gives concessions on agricultural equipment, its use increases widely. The government has been giving subsidies to farmers to buy agricultural equipment for almost a decade. He said that due to the increase in awareness among farmers about modern agriculture and the expansion of commercial farming, the use of agricultural equipment is increasing day by day.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is a good thing to increase production by increasing the use of agricultural machinery, but most of the machines we use have to be imported from abroad. A large amount of money is spent on the import of machinery and equipment,'' he told New Business Age. To prevent this, the government should create an environment to produce such equipment in Nepal, he added.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The number of farmer families using threshers and crop pruning tools has increased from 0.83 million in 2068 to 1.17 million in 2078. During this period, the number of threshers owned by farmer families increased from 52,000 to 1,15,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Likewise, the number of farmer families using pumping sets/motors has increased from 548,000 to 691,000. Meanwhile, the number of farmers using sprayers has also increased from 574,000 to 1.15 million. According to the Agricultural Census 2078, 30,000 farmer families in Nepal use milking machines.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the increase in the use of tractors, power tillers/mini tillers, it has been observed that the number of farmers using the ploughs has decreased. In the previous agricultural census, there were 1.07 million farmers using modern iron ploughs. According to the calculation of 2078, the number of farmers using ploughs has decreased to 733,000.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19097', 'image' => '20231031021721_Agri.jpg', 'article_date' => '2023-10-31 14:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19368', 'article_category_id' => '1', 'title' => 'Rs 10 Billion Deposits added in Banking System in a Day', 'sub_title' => '', 'summary' => 'October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NRB, as of Thursday, October 26, the total deposits in banks and financial institutions were Rs 5868 billion, which increased to Rs 5878 billion on October 27. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, there was a cash flow of Rs 76 billion from the banking system to the market. NRB Spokesperson Dr Gunakar Bhatta informed that on October 3, cash equivalent to Rs 620 billion was in circulation in the market, and by the October 26, it increased to Rs 696 billion. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, NRB also provided the facility of issuing new bank notes. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the general public withdrew money from banks during Dashain, the bank deposits decreased and cash in circulation increased. Spokesperson Bhatta said that the amount withdrawn for financial transactions on the occasion of the festival will gradually return to the banking system but it will take some more time.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to Thursday, the total deposits of commercial banks increased by Rs 8 billion to Rs 5192 billion on Friday, while the deposits of development banks and finance companies also increased by Rs 2 billion to Rs 686 billion, as per NRB. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Despite the increase in deposits in the banking system, the credit flow has decreased. The total loan disbursed by BFIs stood at Rs 4973 billion as of Thursday, which decreased to Rs 4971 billion on Friday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">However, the loan disbursement has increased compared to mid-October. By mid-October, the total loan of banks was Rs 4952 billion. With the onset of November, loan disbursements from banks started to increase.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the growth of deposits is higher than that of loans, the credit-deposit ratio (CD ratio) of banks also decreased. On Friday, the average CD ratio of banks remained at 81.71 percent. By mid-October, this ratio was 81.74 percent. According to the NRB’s provision, banks can provide loans by maintaining a CD ratio of up to 90 percent. They now have the capacity to provide additional loans of Rs 487 billion. With the increase in deposits and lending of banks, the interbank interest rate also increased rapidly. The average interest rate of interbank transactions, which has been around 2 percent for a long time, stood at 4.58 percent on Friday.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19096', 'image' => '20231031015946_Banks - Copy.jpg', 'article_date' => '2023-10-31 13:58:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19367', 'article_category_id' => '1', 'title' => 'Traffic Police Intensifies Checking, more than 1,500 Offenders Booked KTM Valley in a Day ', 'sub_title' => '', 'summary' => 'October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KVTPO has mobilized special police teams and intensified checkings in all the three districts of the Valley- Kathmandu, Lalitpur and Bhaktapur for preventing traffic offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">KVTPO spokesperson Senior Superintendent of Police Rajendra Prasad Bhatta said 1,527 drivers were booked in the last 24 hours alone in course of the special campaign. </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"">Among them, 75 faced action for drunk-driving, 21 for driving on wrong lane, 12 for violating traffic light signal, 17 for blowing vehicle horn unnecessarily, 15 for not keeping the vehicle number plate and 321 for over speeding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 1,527 persons faced action in the last 24 hours from 6 am Monday till 6 am Tuesday, including 1,066 for breaching an array of traffic rules, said the KVTPO spokesperson. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19095', 'image' => '20231031113930_20221218104348_Traffic-Fines-Payment-Esewa.jpg', 'article_date' => '2023-10-31 11:38:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19366', 'article_category_id' => '1', 'title' => 'Over 20,000 Tourists Visit Chitwan National Park during Dashain Vacation ', 'sub_title' => '', 'summary' => 'October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ), (int) 14 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '19378', 'article_category_id' => '1', 'title' => 'ADB Agrees to Provide Rs 13 Billion Concessional Loan to Nepal ', 'sub_title' => '', 'summary' => 'November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: The Government of Nepal and the Asian Development Bank (ADB) on Tuesday signed a concessional loan agreement for the implementation of Rural Connectivity Project-Additional Financing. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The agreement involves a loan amounting to USD 100 million, which is equivalent to around Rs 13 billion. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Finance Secretary Krishna Hari Pushkar and ADB Country Director for Nepal, Arnaud Cauchois, signed the agreement on behalf of their respective sides at the ministry on Tuesday, according to the Ministry of Finance. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Similarly, the project agreement was signed by Bharat Prasad Aryal, director general of the Department of Local Infrastructures, five province secretaries: Ramesh Kumar Singh, Amrit Shrestha, Shankar Prasad Pandit, Sunil Poudel and Bishnu Bhandari; and the ADB Country Director. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The project aims to strengthen rural road connectivity and enhance the capacity of rural infrastructure agencies and road users. The proposed assistance is expected to have a transformational impact by establishing and maintaining year-round road connectivity. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On the occasion, Finance Secretary Pushkar said," Rural communities are also vulnerable to climate change impact such as increasing frequency and intensity of flooding and landslides which can damage roads. In this context, this project has a great relevance and significance in establishing and maintaining year-round connectivity to promote inclusion and growth in rural areas." </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The ADB Country Director for Nepal expressed hope that the concessional loan would play a crucial role in improving rural connectivity by constructing all-weather roads and bridges across five out of seven provinces in Nepal, totaling 324 kilometers. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The finance secretary appreciated the ADB's continued support to Nepal's socio-economic development.-- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'ADB, concessional, loan, Nepal, connectivity', 'description' => '', 'sortorder' => '19106', 'image' => '20231101102021_KB-KTM-0U3A2576.JPG', 'article_date' => '2023-11-01 10:18:56', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 1 => array( 'Article' => array( 'id' => '19376', 'article_category_id' => '1', 'title' => 'NOC Slashes Prices of Diesel and Kerosene by Rs 4 Per Litre ', 'sub_title' => '', 'summary' => 'November 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.', '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 1: The state-owned Nepal Oil Corporation (NOC) has slashed the prices of diesel and kerosene each by Rs 4 per litre while the price of petrol has remained unchanged.</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"">Issuing a statement on Tuesday, the NOC said the new price will come into force from Wednesday, November 1.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">As per the revised price list, diesel and kerosene will now cost Rs 164 per litre in the Kathmandu valley, Pokhara and Dipayal, which fall in the third category of cities. The price of petrol remains unchanged at Rs 172 per litre.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The statement further mentions that the state-owned oil monopoly of Nepal revised the rates of the petroleum products after receiving the new list from its Indian counterpart, the Indian Oil Corporation, which lowered the prices.</span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""> </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'petrol. diesel, kerosene, Nepal, oil,corporation, Indian, price, slash, reduce', 'description' => '', 'sortorder' => '19105', 'image' => '20231101093439_20230102122351_petroo - Copy.jpg', 'article_date' => '2023-11-01 09:31:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 2 => array( 'Article' => array( 'id' => '19377', 'article_category_id' => '1', 'title' => 'UN Secretary-General Pledges Support for Mitigating Climate Change Impacts in Nepal ', 'sub_title' => '', 'summary' => 'November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">November 1: United Nations Secretary-General Antonio Guterres has pledged support for mitigating the impacts of climate change in Nepal. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Guterres who arrived at the Annapurna Base Camp on Tuesday morning during his-four-day visit to Nepal acknowledged that climate change caused by developed and industrialized nations has had adverse implications in Nepal which has no significant role in causing it. Stating that global warming, a key aspects of climate change, has led to a rising level of snow melting, resulting in more incidences of landslides and floods. </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"">Calling upon the rich and industrial nations to scale up the implementation of climate change coping strategies, he urged them to assist Nepal its efforts to cope with the impact of climate change. </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 UN Secretary-General arrived at the ABC on a Nepalese Army helicopter. Upon his arrival, he was welcomed by local officials including Annapurna Rural Municipality chair Bishnu Bahadur KC, Chhomrong Tourism Committee office-bearers and local tourism entrepreneurs. He was accompanied by his members in his entourage.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><strong><span style="font-family:"Arial Unicode MS","sans-serif"">World can learn much from Nepal: UN Secretary General </span></strong></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"">Upon returning to Kathmandu after visiting Annapurna and Lumbini on Tuesday, UN Secretary General Guterres said the world could learn much from Nepal in responding to multiple crises. </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"">Addressing the federal parliaments on Tuesday, Guterres said, "As geopolitical tensions rise, global divisions are becoming deeper and more dangerous. Smaller countries fear becoming collateral damage in competition between great powers. And climate catastrophe is accelerating with a deadly force." </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"">According to him, other countries can learn much from Nepal in responding to such crises. </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"">Similarly, he viewed Nepal is a promoter of peace, a champion of multilateralism, and a staunch supporter of sustainable development and climate action. </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"">"Nestled between two great powers, you have forged your own path to safeguard your sovereignty and independence. And your journey over the past twenty years has been wonderful to see," he said, adding that a new republic with a new Constitution has the UN Charter at its heart. </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"">He lauded Nepal, saying it was quick to embrace the Sustainable Development Goals, and is making progress on many of them. "Your country has successfully calmed the storms of conflict and moved from war to peace. A process the United Nations has been proud to support," he shared. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">Nepal's dynamic story of progress continues today, the UN Secretary General viewed, adding that Nepal's graduation from Least Developed Country status is imminent. The UN is committed to supporting a smooth transition, he vowed. </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 UN secretary general will wrap up his four-day visit to Nepal on Wednesday. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => 'UN, secretary, general, Antonio, Nepal, climate, mitigate, peace', 'description' => '', 'sortorder' => '19104', 'image' => '20231101093718_Tasbir_Gandagi_RSS_15_IMG-20231031-WA0013.jpg', 'article_date' => '2023-11-01 09:36:11', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 3 => array( 'Article' => array( 'id' => '19375', 'article_category_id' => '1', 'title' => 'Over 8,000 Pilgrims Visit Pathivara in a Day', 'sub_title' => '', 'summary' => 'More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">November 1: More than 8,000 pilgrims visited the famous religious site, Pathivara, located at an altitude of 3,794 metre from sea level in Taplejung, a hilly district in the east of Nepal.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> As many as 8,500 visitors reached and offered puja at the pilgrim site on Tuesday alone due to favourable weather conditions. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">An employee at Pathivara Temple Area, Rajendra Mahat, informed that they recorded highest number of arrival in the religious site on Tuesday- highest since the beginning of the current fiscal year. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Earlier, the religious iste had witnessed arrival of 6,600 people in a day of the Dashain festival. The record was broken with the surge on pilgrims' arrival. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">It has been difficult for some years to manage queue for conducting puja conveniently. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Pathivara Area Development Committee and the Pathivara Devi Temple Preservation and Promotion Committee have been managing visitors' arrival and worship. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The Committee informed that a total of 25,368 devotees visited Pathivara from Ghatasthapana to Kojagrat Poornima. (RSS) </span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-11-01', 'modified' => '2023-11-01', 'keywords' => '', 'description' => '', 'sortorder' => '19103', 'image' => '20231101055201_collage.jpg', 'article_date' => '2023-11-01 05:50:01', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 4 => array( 'Article' => array( 'id' => '19371', 'article_category_id' => '1', 'title' => 'Farmers Worried as Flowers Bloom ahead of Tihar', 'sub_title' => '', 'summary' => 'October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The farmers involved in floriculture in Chitwan are worried after the marigold flowers blossomed before Tihar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The farmers who produce flowers for Tihar are worried that the flowers will be wasted this time as the festival falls only in mid-November, a delay caused due to the lunar calendar. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Last year, the festival of Tihar was observed during this time of year.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Seeing the high demand for flowers last year, new farmers also started flower cultivation. The flowers planted by the farmers targeting the festival of Tihar have already bloomed.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Deepak Pakhrin of Bharatpur Metropolitan City-26 said, “Tihar is yet to arrive, but the flowers have already bloomed. There is not even demand at all right now. The flowers are most likely to get withered.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Pakhrin has planted Calcutta, Tennis, Orange ball varieties of marigold flowers in four bighas of land and other types of flowers in another two bighas. He said that even though marigold flowers are sold all year round, the flowers intended for Tihar will be wasted if they bloom early. He said, “If flowers are picked now, there is a risk that they won’t be sold; if they are not picked, they will wither by Tihar.”</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">He said that some farmers planted the seeds early and the flowers bloomed before Tihar. According to the farmers, Calcutta variety starts flowering in 55 days and Tennis variety starts flowering in 45 days. Within a hundred days, the flowers bloom and are ready. Ishwar Shrestha, the owner of Ujjwal Nursery located in Bharatpur Metropolitan City-7, says that the flowers bloomed early this year and the production has almost doubled. He planted flowers in an area of 1.5 bighas of land and had to pick them before Tihar and throw them away. Farmers say that marigold flowers cannot be stored for many days.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sujata Devkota, a farmer of Bharatpur-23, said, “This flower can be stored in cold storage for 10 days, after that it will wither.” She says that although the farmers grow flowers all year round, most of them were in a hurry to plant flowers, so they bloomed before Tihar.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Sulabh Shrestha, secretary of the Floriculture Association, Chitwan said that there is a risk in the investment of farmers who cultivated flowers specifically for Tihar. He said that as in previous years, most of the farmers planted flowers in mid-June and they bloomed by mid-October. He added that although the flower production is good this year, the farmers are worried about the lack of market.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19099', 'image' => '20231031025352_20221012125640_74357524_3206364359438719_5295578166390161408_n.jpg', 'article_date' => '2023-10-31 14:53:17', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 5 => array( 'Article' => array( 'id' => '19369', 'article_category_id' => '1', 'title' => '40 Percent of Farmers Use Tractors in Nepal', 'sub_title' => '', 'summary' => 'October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The use of tools and equipment is increasing in the agricultural sector of Nepal. According to the National Agricultural Census 2078, the number of farmers who use tractors for agricultural work is 40 per cent. During the agricultural census in 2068, it was found that only 22 per cent of the 845,000 farmer families used tractors for farming. According to the latest count, 1.63 million farmers use tractors.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The data shows that the number of tractors owned by farmers has also increased during this period. In the agricultural census of 2068, the farmer families had 37,000 tractors. In 2078, this number increased to 58,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The use of power tillers/mini tillers is also increasing. In 2068, there were 76,000 farmers using power tillers/mini tillers across Nepal. Currently, the number of farmers using the machine has reached 471,000. The number of power tillers/mini tillers has also increased from 10,000 to 118,000 units.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to Khojraj Katuwal, the outgoing president of the Nepal Agricultural Machinery Traders Association, when the government gives concessions on agricultural equipment, its use increases widely. The government has been giving subsidies to farmers to buy agricultural equipment for almost a decade. He said that due to the increase in awareness among farmers about modern agriculture and the expansion of commercial farming, the use of agricultural equipment is increasing day by day.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">“It is a good thing to increase production by increasing the use of agricultural machinery, but most of the machines we use have to be imported from abroad. A large amount of money is spent on the import of machinery and equipment,'' he told New Business Age. To prevent this, the government should create an environment to produce such equipment in Nepal, he added.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">The number of farmer families using threshers and crop pruning tools has increased from 0.83 million in 2068 to 1.17 million in 2078. During this period, the number of threshers owned by farmer families increased from 52,000 to 1,15,000.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Likewise, the number of farmer families using pumping sets/motors has increased from 548,000 to 691,000. Meanwhile, the number of farmers using sprayers has also increased from 574,000 to 1.15 million. According to the Agricultural Census 2078, 30,000 farmer families in Nepal use milking machines.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">With the increase in the use of tractors, power tillers/mini tillers, it has been observed that the number of farmers using the ploughs has decreased. In the previous agricultural census, there were 1.07 million farmers using modern iron ploughs. According to the calculation of 2078, the number of farmers using ploughs has decreased to 733,000.</span></span></span></p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19097', 'image' => '20231031021721_Agri.jpg', 'article_date' => '2023-10-31 14:16:34', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 6 => array( 'Article' => array( 'id' => '19368', 'article_category_id' => '1', 'title' => 'Rs 10 Billion Deposits added in Banking System in a Day', 'sub_title' => '', 'summary' => 'October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">October 31: The money withdrawn from banks out during the Dashain festival has started returning to the banking system. Nepal Rastra Bank (NRB) informed that deposits worth Rs 10 billion were added to the banking system in just a single day after Dashain holiday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">According to NRB, as of Thursday, October 26, the total deposits in banks and financial institutions were Rs 5868 billion, which increased to Rs 5878 billion on October 27. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, there was a cash flow of Rs 76 billion from the banking system to the market. NRB Spokesperson Dr Gunakar Bhatta informed that on October 3, cash equivalent to Rs 620 billion was in circulation in the market, and by the October 26, it increased to Rs 696 billion. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">During Dashain, NRB also provided the facility of issuing new bank notes. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">When the general public withdrew money from banks during Dashain, the bank deposits decreased and cash in circulation increased. Spokesperson Bhatta said that the amount withdrawn for financial transactions on the occasion of the festival will gradually return to the banking system but it will take some more time.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Compared to Thursday, the total deposits of commercial banks increased by Rs 8 billion to Rs 5192 billion on Friday, while the deposits of development banks and finance companies also increased by Rs 2 billion to Rs 686 billion, as per NRB. </span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">Despite the increase in deposits in the banking system, the credit flow has decreased. The total loan disbursed by BFIs stood at Rs 4973 billion as of Thursday, which decreased to Rs 4971 billion on Friday.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">However, the loan disbursement has increased compared to mid-October. By mid-October, the total loan of banks was Rs 4952 billion. With the onset of November, loan disbursements from banks started to increase.</span></span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Times New Roman","serif"">As the growth of deposits is higher than that of loans, the credit-deposit ratio (CD ratio) of banks also decreased. On Friday, the average CD ratio of banks remained at 81.71 percent. By mid-October, this ratio was 81.74 percent. According to the NRB’s provision, banks can provide loans by maintaining a CD ratio of up to 90 percent. They now have the capacity to provide additional loans of Rs 487 billion. With the increase in deposits and lending of banks, the interbank interest rate also increased rapidly. The average interest rate of interbank transactions, which has been around 2 percent for a long time, stood at 4.58 percent on Friday.</span></span></span></p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19096', 'image' => '20231031015946_Banks - Copy.jpg', 'article_date' => '2023-10-31 13:58:53', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 7 => array( 'Article' => array( 'id' => '19367', 'article_category_id' => '1', 'title' => 'Traffic Police Intensifies Checking, more than 1,500 Offenders Booked KTM Valley in a Day ', 'sub_title' => '', 'summary' => 'October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Kathmandu Valley Traffic Police Office (KVTPO) has intensified its campaign of booking the traffic rule violators. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The KVTPO has mobilized special police teams and intensified checkings in all the three districts of the Valley- Kathmandu, Lalitpur and Bhaktapur for preventing traffic offences. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">KVTPO spokesperson Senior Superintendent of Police Rajendra Prasad Bhatta said 1,527 drivers were booked in the last 24 hours alone in course of the special campaign. </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"">Among them, 75 faced action for drunk-driving, 21 for driving on wrong lane, 12 for violating traffic light signal, 17 for blowing vehicle horn unnecessarily, 15 for not keeping the vehicle number plate and 321 for over speeding. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Altogether 1,527 persons faced action in the last 24 hours from 6 am Monday till 6 am Tuesday, including 1,066 for breaching an array of traffic rules, said the KVTPO spokesperson. -- RSS </span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19095', 'image' => '20231031113930_20221218104348_Traffic-Fines-Payment-Esewa.jpg', 'article_date' => '2023-10-31 11:38:51', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 8 => array( 'Article' => array( 'id' => '19366', 'article_category_id' => '1', 'title' => 'Over 20,000 Tourists Visit Chitwan National Park during Dashain Vacation ', 'sub_title' => '', 'summary' => 'October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. ', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: Officials of Chitwan National Park (NCP) informed that more than 20,000 tourists visited the national park during this year's Dasahain vacation. Of the total visitors, the number of Nepalis was 13,233. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The CNP collected Rs 18.54 million in revenue from the visitors during the Dashain vacation. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">According to the CNP the number of visitors increased this year compared to the previous years. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Information Officer of the CPN, Ganesh Prasad Tiwari, said that a total of 779 tourists from the SAARC countries arrived at the CNP while the number of tourists from other countries was recorded at 6,048. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Most of the visitors entered the CNP from the Sauraha area. Tiwari shared that almost 18,000 visitors entered the CNP from Sauraha and made 404 jeep safaris. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Likewise, around 1,100 tourists entered the CNP from Kasara. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Furthermore, some tourists also visited the CNP from Madi area, Amaltari area and Kujauli area. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meanwhile, the number of foreigners visiting Sauraha has increased sharply in the recent days. Hoteliers said that around 1,500 foreigners have visited the site on an average every day. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotels' occupancy is also as high as 95 per cent in Sauraha. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The hotel bookings have reached upto 75 per cent till December as the number of foreigners has increased rapidly after the Dashain festival. -- RSS</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19094', 'image' => '20231031102932_20220915044159_20220613080155_Chitwan 3.jpg', 'article_date' => '2023-10-31 10:28:46', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '34' ) ), (int) 9 => array( 'Article' => array( 'id' => '19365', 'article_category_id' => '1', 'title' => 'Nepal Suffers Labor Productivity Deficit Compared to its Peers and Trading Partners: WB Report', 'sub_title' => '', 'summary' => 'October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">October 31: The World Bank’s latest Nepal Development Update has identified labour productivity deficit across three sectors in Nepal – agriculture, industry and services – compared to its peer countries and trading partners.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The October issue of World Bank’s Nepal Development Update states that Nepal suffers from a considerable labor productivity deficit compared to its regional and structural peers - the countries that share similar characteristics with Nepal such as landlocked nature and high remittances.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Some of them are also regional peers, reads the report which is published twice a year to report on key economic developments that occurred during the year, placing them in a longer-term and global perspective.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the report, Nepal’s labor productivity gap against peers is especially striking in the agriculture and industry sectors, where Nepal’s productivity is lower than in any other peer country. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">In the industry sector, the average Nepali worker adds less than one-third of what the workers in peer countries add on average. The value added by an industrial worker in Nepal is less than half of that of a domestic service worker. However, even though labor productivity in services was higher, compared to peer countries Nepal again lags, with the average service worker adding around 80 percent of the value that workers in peer countries add, reads the report.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Nepal’s productivity gap relative to India has widened across all sectors over the past decades, the report further states.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">According to the World Bank, Nepal’s labor productivity deficit in the non-agriculture sectors manifests in slower structural labor market shifts. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Labor movements away from agriculture were lower in Nepal than in most peer countries included in the analysis.” </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">From 1996 to 2019, employment in agriculture as a share of total employment fell by 25 percentage points in Bangladesh and 36 percentage points in Cambodia for example, while the reduction in Nepal amounted to 13 percentage points. As a result, Nepal continues to exhibit the largest share of workers employed in agriculture by a margin, with more than 60 percent as of 2021, more than double the average of peer countries’ share.</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">The report further states that employment shares in the industry and services sectors increased moderately, but productivity gains from these movements were limited due to the inherent low sectoral productivity in these sectors. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">“Several factors hinder labor productivity growth in Nepal, including the continuous large-scale emigration. The substantial outflow of workers can result in a brain drain, where the country loses its most talented workers to foreign markets. This can lead to a shortage of skilled labor in the domestic market and suppress labor productivity growth.”</span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">High emigration can also have negative effects on domestic labor force participation among the recipients of remittances, said the report adding, “These factors may outweigh some positive effects of emigration, such as increased investments in education by remittance-receivers.” Other factors that contributed to low productivity include low levels of capital investment and technology. High import tariffs and capital flow restrictions were key disablers of technological advances, preventing foreign investments and knowledge and technology transfers, according to the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Another challenge in Nepal is the slowing overall productivity of the economy. In the period immediately following the end of the armed conflict (2007-2014), Total Factor Productivity (TFP) contributed 1.2 percentage point of growth on average to Nepal’s total growth. In the previous and subsequent periods, however, the contribution of TFP to economic growth in Nepal was negative, illustrating the underperformance of the Nepalese economy given the factor inputs, says the report. </span></span></p> <p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif"">Low TFP in Nepal can be linked to several factors, including high emigration if the net effect of it on human capital development was negative. Inefficient technologies have also impeded production processes and efficiency and therefore suppressed TFP. Other factors include the inefficient use of resources, and poor management and functioning of firms. Again, Nepal underperforms compared to its peer countries as well as India, particularly during the later 2010s.</span></span></p> <p> </p> <p> </p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'World Bank, report, development, update, Nepal, labour, productivity, deficit, peer, countries, trading, partners, percentage', 'description' => '', 'sortorder' => '19093', 'image' => '20231031090131_World.jpg', 'article_date' => '2023-10-31 09:00:38', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 10 => array( 'Article' => array( 'id' => '19364', 'article_category_id' => '1', 'title' => 'Possibility of Light Rain and Snowfall for the Next Few Days ', 'sub_title' => '', 'summary' => 'October 31: The Westerly wind is having a partial influence in Nepal at present.', 'content' => '<p><span style="font-size:16px"><span style="font-family:Calibri,"sans-serif""><span style="font-family:"Arial Unicode MS","sans-serif"">October 31: The Westerly wind is having a partial influence in Nepal at present. Light rainfall has been forecast at a few places of the hill region while light snowfall is likely to occur at one or two places of the high hills and mountainous regions today and tomorrow, said the Department of Hydrology and Meteorology under the Meteorological Forecasting Division. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">Meteorologist at the Division, Rojan Lamichhane, said there is a possibility of light rain at one or two places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions of the country in the next few days. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">The weather will be partly cloudy throughout the country with chances of light rainfall in some places of the hill region today. There is possibility of light snowfall at one or two places of the high hills and mountainous regions. </span><br /> <span style="font-family:"Arial Unicode MS","sans-serif"">On Wednesday, it will be partly cloudy across the country with possibility of light rain at some places of the hill region and of light snowfall at one or two places of the high hills and mountainous regions, the division stated in its weather bulletin. -- RSS</span><br /> </span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => 'rainfall, snowfall, weather, westerly, Nepal', 'description' => '', 'sortorder' => '19092', 'image' => '20231031081515_20211108051750_20190228040359_DSC_2752.jpg', 'article_date' => '2023-10-31 08:14:24', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '34' ) ), (int) 11 => array( 'Article' => array( 'id' => '19363', 'article_category_id' => '1', 'title' => 'Ncell Axiata Launches Data Pack ‘Always On Data’', 'sub_title' => '', 'summary' => 'Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers. For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country.', 'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 31: Ncell Axiata Limited has launched 'Always On Data,' an affordable data pack, catering to the needs of customers.</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> For just Rs. 100, this data pack provides 1 GB of data with a generous validity period of 28 days, allowing users to access mobile data anytime, anywhere across the country. </span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subscribing to the pack is as easy as dialing *17123#, ensuring hassle-free connectivity.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Besides, Ncell has enhanced its social media data packs by adding Instagram to the list. For a mere Rs. 191 (inclusive of taxes), customers can enjoy Nonstop YouTube, Facebook, TikTok, and Instagram access for 7 days. To activate this feature, customers can simply dial 17123*5*6#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">For those seeking a more comprehensive data solution, Ncell offers an all-inclusive package for Rs. 459. This package provides 8GB of data with an additional 1.5GB daily allocation for Facebook, YouTube, TikTok, and Instagram. The package boasts a 28-day validity and can be subscribed to by dialing 17123*5*7#.</span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Ncell believes that 'Always On Data' not only keeps customers seamlessly connected at an affordable price but also recognizes the growing demand for online engagement by adding Instagram to their social media data packs, thereby delivering added value to customers.</span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19091', 'image' => '20231031114542_52378412_2342907042407081_4869199424133267456_n.jpg', 'article_date' => '2023-10-31 06:22:13', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 12 => array( 'Article' => array( 'id' => '19362', 'article_category_id' => '1', 'title' => 'Nimbus Launches Electric Scooter Okaya', 'sub_title' => '', 'summary' => 'Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023. The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.', 'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">October 31: Nimbus launched Okaya Scooter in Pulchowk, Lalitpur Nepal on October 16, 2023.</span></span></span><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> The electric scooter offers a range of 140-160 km on a single charge and a top speed of 70 km/h, ensuring reliable and enjoyable commuting.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Equipped with cutting-edge technology, including a 2000W-BLDC-Hub Motor and a 72V30Ah*2 (4.4 kWh) Lithium ION – LFP battery, it comes with a 3-year warranty on both the battery and motor. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">The scooter is available in six stylish colors and three models, priced between Rs 240,000 to Rs 370,000, making it an affordable choice for those switching to electric mobility. </span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt">Pradip Kumar Agrawal, Director of Nimbus, expressed confidence in Okaya Scooter's safety features, emphasizing its appeal to a wide range of consumers.</span></span></span></p> <p><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:16.0pt"> This launch marks a significant stride toward sustainable transportation in Nepal, aligning with Nimbus' commitment to eco-friendly mobility solutions.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-31', 'modified' => '2023-10-31', 'keywords' => '', 'description' => '', 'sortorder' => '19090', 'image' => '20231031060519_collage (6).jpg', 'article_date' => '2023-10-31 06:03:57', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => null, 'user_id' => '42' ) ), (int) 13 => array( 'Article' => array( 'id' => '19361', 'article_category_id' => '1', 'title' => 'NEPSE Index Gains 3.04 Points to Close at 1878.70', 'sub_title' => '', 'summary' => 'The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. ', 'content' => '<p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">October 30: The Nepal Stock Exchange(NEPSE) Index gained 3.04 points or 0.16%, closing at 1878.70 points on the second trading day of the week, Monday. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">The NEPSE Index has been on the downward for a long time. With the bearish trend persisting for prolonged period of time, the prices of listed companies have significantly dropped. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">Experts and seasoned investors say that investors are waiting for the first quarterly report of the companies. Bonus season has come and if the companies publish the positive first quarterly reports, buyers will be active, giving much-needed momentum to the market.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:"Times New Roman",serif"><span style="font-family:"Open Sans",sans-serif">During today's trading, there were 287 different stocks traded in 30,237 transactions. The volume of shares traded amounted to 2,824,007 units with a total turnover of Rs. 69.42 Crore. </span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Sadhana Laghubitta Bittiya Sanstha Limited Promoter Shares (SDLBSLP) had the highest turnover, reaching Rs. 3.60 crores, and closed at a market price of Rs. 338.00.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">Similarly, Panchakanya Mai Hydropower Ltd (PMHPL) experienced the highest gain of 7.82% today.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">On the contrary, Sonapur Minerals And Oil Limited (SONA) lost the highest 10.00% today, on its second trading day.</span></span></span></p> <p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"><span style="font-family:"Open Sans",sans-serif">In terms of sector indices, three sectors closed in the red zone while the "Non-Life Insurance" gained the highest 0.86%. Meanwhile, the "Manufacturing And Processing" recorded the most loss with 0.80% negative change.</span></span></span></p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19089', 'image' => '20231030050253_collage (29).jpg', 'article_date' => '2023-10-30 17:01:09', 'homepage' => false, 'breaking_news' => false, 'main_news' => true, 'in_scroller' => false, 'user_id' => '42' ) ), (int) 14 => array( 'Article' => array( 'id' => '19360', 'article_category_id' => '1', 'title' => '25 Percent of Nepalis have at Least One Bank Account', 'sub_title' => '', 'summary' => 'October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.', 'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">October 30: Altogether 74,09,181 people in Nepal have at least one back account with banks and financial institutions (BFIs) excluding cooperatives, according to the House and Household Listing Results conducted under the National Census 2021 published by the National Statistics Office on Monday.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The National Census 2021 was conducted in two phases from September 15, 2021 to October 4, 2021 and from November 11, 2021 to November 25, 2021. However, the National Statistics Office was yet to publish the House and Household Listing Results of the census although the full report of the National Census has already been published.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Issuing a statement on Monday, the National Statistics Office said it is in the process of publishing additional information related to the census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">As per the latest report of the census, the number of people having at least one bank account in Nepal is 25.56 percent of the total population of Nepal, which is 2,91,64,578 as per the 2021 census.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Out of 1,42,53,551 men, 26.42 percent have at least one bank account while out of 1,49,11,027 women, 24.74 percent have at least one bank account.</span></span></p> <p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">According to the National Statistics Office, there are altogether 75,52,066 houses in Nepal. Majority of them are one-storey houses, reads the report. According to the census report, 59.82 percent of the houses in Nepal are one-storey houses followed by 28.78 percent of two-storey houses, 9.17 percent of three-storey houses, 1.3 percent of four-storey houses, 0.64 percent of five to seven storey houses, 0.01 percent of eight to nine storey houses and 0.003 percent of houses above ten storeys.</span></span></p> <p> </p> <p> </p> ', 'published' => true, 'created' => '2023-10-30', 'modified' => '2023-10-30', 'keywords' => '', 'description' => '', 'sortorder' => '19088', 'image' => '20231030040334_Bankkk.jpg', 'article_date' => '2023-10-30 16:02:31', '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
