Bajhang Earthquake Update: One Dead, 135 Houses Damaged

Oct 04, 2023 0 1 minutes 3 seconds to read

October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon.…

NEA Calls Promotors of Hydropower Projects for PPA

Oct 04, 2023 0 1 minutes 23 seconds to read

The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement…

CNI Suggests IMF not to Influence Nepal's Policy Making

Oct 03, 2023 0 2 minutes 32 seconds to read

October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal's policy making…

Seven Injured in Earthquake in Sudurpaschim Province

Oct 03, 2023 0 2 minutes 29 seconds to read

October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday…

NEPSE Index Sheds Double Digits to Close at 1958.72 Points

Oct 03, 2023 0 2 minutes 10 seconds to read

The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday’s…

World Bank Forecasts 3.9% Economic Growth for Nepal in 2023/2024

Oct 03, 2023 0 2 minutes 8 seconds to read

The World Bank has projected Nepal’s economic growth to be 3.9% in the current fiscal year…

Interest Rates of Treasury Bills below 3 Percent

Oct 03, 2023 0 2 minutes 55 seconds to read

October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans.…

SEBON signs MoU with NEPA to Promote Private and Alternative Investment

Oct 03, 2023 0 1 minutes 22 seconds to read

October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in…

Nepal’s Fairytale Run in Asiad Cricket comes to an End

Oct 03, 2023 0 2 minutes 10 seconds to read

October 3: Nepal’s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou,…

Climate Goal Reliant on Massive New Private Sector Investment: IMF

Oct 03, 2023 0 2 minutes 46 seconds to read

October 3: The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on…

Banke National Park Introduces Time Card System

Oct 03, 2023 0 1 minutes 28 seconds to read

October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from…

Fair-Price Shops out of General Public’s Reach

Oct 03, 2023 0 5 minutes 0 seconds to read

October 3: Just like in the past, this year too, the government is operating fair-price shops from October 8 to facilitate the consumers during the upcoming…

HAN Urges Government to Facilitate Inflow of Tourists

Oct 03, 2023 0 1 minutes 29 seconds to read

October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and…

Gulf Lubricant’s New Showrooms Inaugurated in Sankhuwasabha, Jhapa

Oct 03, 2023 0 47 seconds to read

Gulf Lubricant's producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha’s Chainpur and Jhapa’s Birtamod,…

Farmers Urged to Postpone Harvesting Plan due to Delay in Monsoon Exit

Oct 02, 2023 0 2 minutes 35 seconds to read

October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this…

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No Laughing Matter

The Sweet Rewards of Power

By Madan Lamsal

. . .
read more »

NEPSE

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			'id' => '19166',
			'article_category_id' => '1',
			'title' => 'Bajhang Earthquake Update: One Dead, 135 Houses Damaged   ',
			'sub_title' => '',
			'summary' => 'October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. The deceased has been identified as Gunamati Dhami, 40, of Jayaprithvi Municipality-11, Okhal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer of the District Police Office, Inspector Dipesh Chaudhary, Dhami died in a landslide triggered by the earthquake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A police team has been mobilized in the incident site, said Chaudhary.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Some 11 people were injured in the earthquake in Bajhang. Two of them returned home after treatment while nine are being treated at the district hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police informed that the earthquake caused damage to 135 structures in the district. Chaudhay further shared at least 60 houses were damaged in Thalara and 41 houses in Jayaprithvi municipality. -- RSS </span></span></span></p>
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			'article_date' => '2023-10-04 10:52:31',
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			'id' => '19165',
			'article_category_id' => '1',
			'title' => 'NEA Calls Promotors of Hydropower Projects for PPA',
			'sub_title' => '',
			'summary' => 'The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 4: The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEA has set specific upper limits for run-of-river (ROR) and semi-reservoir (PROR) hydropower projects, namely 6,750 MW and 4,500 MW, respectively.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the NEA has outlined that the progression of the PPA process will be determined by the roll order, contingent on the completion date of the grid connection agreement with the NEA.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In an official notice published on Tuesday, the NEA has summoned promoter companies involved in the PPA process and the Electricity Regulatory Commission to review and finalize the draft PPA. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, they are required to submit the necessary authorizations, performance bank guarantees, and the PPA fee for the purpose of executing the agreement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The notice specifies that failure to submit the application within the stipulated timeframe or to provide the requisite documents will result in the NEA removing the projects from the roll order. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subsequently, the NEA will proceed with the PPA process for subsequent projects that have completed the grid connection agreement, following the established roll order.</span></span></p>

<p>&nbsp;</p>
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			'article_date' => '2023-10-04 05:58:29',
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		'Article' => array(
			'id' => '19164',
			'article_category_id' => '1',
			'title' => 'CNI Suggests IMF not to Influence Nepal's Policy Making   ',
			'sub_title' => '',
			'summary' => 'October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal's policy making process.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal&#39;s policy making process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">CNI made such suggestion to the IMF during a discussion held on Nepal&#39;s economy and measures to adopt for its reform. The discussion was held at CNI secretariat.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, CNI President Rajesh Kumar Agrawal urged IMF not to impose unnecessary rulings on government&#39;s policy and direction. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;Nepal&rsquo;s economy has its own features,&rdquo; he said, reminding that all principles or any practices abroad cannot be replicated identically in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, increase in interest rate to control price hike is not a proper measure. He was of the view that the import of petroleum products and other goods resulted in price hike.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Agrawal said that the interest rate doesn&rsquo;t matter when the demand for goods is normal but it affects business when the industries are operating down at 30 percent of their capacity.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, CNI President Agrawal claimed that the country&#39;s economy was facing problems due to the policy the government adopted to increase the interest rate to contain inflation. Although loans were misused to some extent for lack of oversight following the COVID-19 pandemic, the regulatory body adopted the policy in haste rather than in a gradual manner, he blamed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, Agrawal further said Nepal Rastra Bank&#39;s policy and direction were only favourable towards banks.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;It was agreed between NRB and IMF on restructuring of loans for addressing the liquidity problem, but the NRB&#39;s recent policy is against it.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">IMF&#39;s mission chief Tidiane Kinda, Country Representative in Nepal, Teresa Daban Sanchez and others held the discussion with CNI. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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		'Article' => array(
			'id' => '19163',
			'article_category_id' => '1',
			'title' => 'Seven Injured in Earthquake in Sudurpaschim Province   ',
			'sub_title' => '',
			'summary' => 'October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The quake measuring 5.3 on the Richter scale with its epicentre at Talkot of the district damaged some houses and other physical infrastructures in the district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured were immediately rushed to the hospital for treatment, said Narayan Pandey, Chief District Officer (CDO) of Bajhang. However, no human casualty has been reported so far in the quake, informed CDO Pandey.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured ones&#39; condition is normal while more details on the extent of damages by the quake are yet to be obtained, according to the CDO.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that there were reports that some houses in the district headquarters and its surrounding areas were damaged while some were rendered uninhabitable.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Public office buildings including that of Masta Rural Municipality&#39;s ward no-1 were reduced to rubbles by the quake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Patients at the District Hospital in Bajhang were provided services outdoor due to the dear of aftershock.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sudurpaschim Province Police Office Chief DIG Bharat Bahadur Bohora said that a person returning home from school in Baitadi district was injured by a boulder that fell off a cliff and another one collecting grass also received injury due to quake-triggered landslide.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that no human fatalities were reported so far while the condition of the injured is said to be normal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, a huge tremor was experienced in Doti district at 3:07 pm on Tuesday and subsequent aftershocks continue to jolt Doti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A tremor measuring 6.3 on the Richter Scale with an epicentre in Chainpur was measured by the Earthquake Measurement Centre in Surkhet with its epicentre in Chainpur, Bajhang while another one with 5.3 on Richter scale occurred at Talkot in the district. -- RSS</span></span></span></p>
',
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			'description' => '',
			'sortorder' => '18891',
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			'article_date' => '2023-10-03 21:37:16',
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	(int) 4 => array(
		'Article' => array(
			'id' => '19162',
			'article_category_id' => '1',
			'title' => 'NEPSE Index Sheds Double Digits to Close at 1958.72 Points',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday’s trading.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: &nbsp;The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday&rsquo;s trading. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experienced investors and stock market analysts attributed to the influence of the festive season as the cause of the consistent decline in the stock market.&nbsp;&nbsp;</span>They believe that the market could see further corrections during the Dashain festival, a major festival in Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experts in the stock market suggest that a bullish trend is unlikely to start unless the Nepal Rastra Bank (NRB) eases its policies related to the stock market.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">One investor said, &ldquo;Market could see some corrections due to the Dashain festival. But, it could pick up the upward momentum if the NRB changes the cap of 120 million&nbsp;cap on the margin loan,&rdquo; the investor said.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today&rsquo;s trading session, a total of 281 scrips were traded through the total of 55,096 transactions. As many as 3,965,917 shares exchanged their hands, amounting to Rs 1.19 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Citizen Life Insurance had the highest turnover of Rs 5.59 crores, closing at a price of Rs 446 per share. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samata Gharelu Laghubitta Bittiya Sanstha gained the highest percent of Rs 7.91, closing at a price of Rs 696 per share, while Samudayik Laghubitta Bittiya Sanstha lost the highest percent of 7.54%, closing at a price of Rs 779. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index lost 0.97%, while Float Index and Sensitive Float Index shrunk by 0.87% and 1.06% respectively. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the red territory. Trading SubIndex lost the highest 1.47% while the Banking SubIndex lost the least of 0.61%. </span></span></p>
',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18890',
			'image' => '20231003035723_collage (10).jpg',
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		'Article' => array(
			'id' => '19161',
			'article_category_id' => '1',
			'title' => 'World Bank Forecasts 3.9% Economic Growth for Nepal in 2023/2024',
			'sub_title' => '',
			'summary' => 'The World Bank has projected Nepal’s economic growth to be 3.9% in the current fiscal year 2023/2024.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: The World Bank has projected Nepal&rsquo;s economic growth to be 3.9% in the current fiscal year 2023/2024.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This projection hinges on the removal of import restrictions, a revival of the tourism sector, and an expansion of the monetary policy aimed at stimulating the economy.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In contrast, the budget for the fiscal year 2023/2024 has set the target of achieving 6% economic growth. In the last fiscal year, Nepal&#39;s economic growth was only 1.9 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While the agriculture and industrial sectors may see some growth in the current fiscal year, it is the service sector that is poised to make a significant contribution to Nepal&#39;s economic upswing. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The agriculture sector is projected to grow at 2.1 percent, and the industrial growth rate is estimated at 3.2 percent. Likewise, the service sector is expected to grow at a satisfactory rate of 5.1 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nayan Krishna Joshi, an economist affiliated with the World Bank, said that the institution&#39;s growth projection considered the lingering impact of the lumpy skin epidemic in Nepal. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, the World Bank has also issued cautionary notes regarding potential risks. These include the specter of decreased agricultural production due to fluctuations in the monsoon, inflationary pressures, and the consequences of import restrictions imposed by India.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the World Bank&#39;s semi-annual report, which was unveiled on Tuesday, Nepal is poised to achieve a 5 percent economic growth rate in the upcoming fiscal year 2024/2025.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">World Bank has set a higher target for inflation in the current fiscal year than the central bank. The central bank has set a target of 6.5 percent, while the World Bank&#39;s projection is 7.5 percent. In the previous fiscal year, inflation stood at 7.8 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, both production and construction sectors contracted. Similarly, wholesale and retail sectors within the service sector also faced shrink. </span></span></p>
',
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			'description' => '',
			'sortorder' => '18889',
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			'article_date' => '2023-10-03 14:31:06',
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	(int) 6 => array(
		'Article' => array(
			'id' => '19160',
			'article_category_id' => '1',
			'title' => 'Interest Rates of Treasury Bills below 3 Percent',
			'sub_title' => '',
			'summary' => 'October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. Despite the increase in liquidity in the banking system, the short-term interest rates fell to a low point because Nepal Rastra Bank did not use monetary instruments as per the announcement made in the monetary policy.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the interest rate of treasury bills fell below 3 percent. The interest rate of treasury bills had exceeded 12 percent in the previous fiscal year. Similarly, the interbank interest rate has been maintained at around 2 percent for the last 2 weeks. As the short-term interest rates fell, the government is raising domestic debt at a low rate.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the government renewed treasury bills worth Rs 18.5 billion. Among them, the interest on 28-day treasury bills worth Rs 5 billion has been maintained at 2.90 percent, while that of 91-day treasury bills worth 7.75 billion is 5.05 percent and 5.34 percent for 182-day treasury bills worth Rs 5.30 billion.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The interest rates of all treasury bills have decreased compared to last week. Last week, the average interest rate of 28-day treasury bills was 3.44 percent, while it was 5.35 percent for 91-day treasury bills and 5.39 percent for 182-day treasury bills.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In order to increase the credit flow of the banks, the government has given the facility to the banks to count the amount of accumulated funds of the local level as deposits. However, as the demand for loans in banks is not encouraging, there is competition among banks to bid for government bonds.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In the current fiscal year&#39;s monetary policy, NRB announced that the upper limit of the interest rate corridor will be 7.5 percent and the lower limit of the deposit collection rate will be 4.5 percent, keeping the average interbank interest rate within the limit. In order to maintain the interest rate corridor, there is a provision for NRB to use various monetary instruments. However, even though the interbank interest rate has dropped below the required limit, NRB has not mopped excess liquidity from the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">NRB has been using the excess liquidity of banks to raise government bonds. Due to this, the cost of internal debt of the government has decreased.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The average interest rate of development bonds, which was 8.64 percent last year, has dropped to 6.96 percent in the current year. </span></span></span></p>

<p>&nbsp;</p>
',
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			'description' => '',
			'sortorder' => '18888',
			'image' => '20231003022219_Nepal_Rastra_Bank2 2.jpg',
			'article_date' => '2023-10-03 14:21:03',
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	(int) 7 => array(
		'Article' => array(
			'id' => '19159',
			'article_category_id' => '1',
			'title' => 'SEBON signs MoU with NEPA to Promote Private and Alternative Investment',
			'sub_title' => '',
			'summary' => 'October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement on Monday, NEPA said its Chairman Siddhant Raj Pandey and the Executive Chairman of SEBON, Ramesh Kumar Hamal, signed the MOU on behalf of their respective organizations.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further says that the MOU was signed after the second annual general meeting of NPEA held at Thamel-based Aloft Kathmandu on October 2. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further said that the MoU solidifies the commitment of both parties to advance innovation, entrepreneurship, and job creation in Nepal by facilitating greater access to finance for businesses in the region. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the agreement, SEBON will provide regulatory support, while both will work towards industry advocacy and promotion of alternative/specialized investment industry including training and information sharing.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NPEA is an umbrella organization that represents all alternative investment players in the domestic market of Nepal.</span></span></p>
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			'description' => '',
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			'image' => '20231003020701_IMG-20231003-WA0009.jpg',
			'article_date' => '2023-10-03 14:06:19',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19158',
			'article_category_id' => '1',
			'title' => 'Nepal’s Fairytale Run in Asiad Cricket comes to an End',
			'sub_title' => '',
			'summary' => 'October 3: Nepal’s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: Nepal&rsquo;s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Chasing a massive 203-run target presented by the second-rung team of India, Nepal could only make 179 runs losing nine wickets in the allotted 20 overs. However, Nepal&#39;s performance was worth appreciating, reported the state-owned RSS. Nepal made a perfect start to the Asian Games in cricket breaking several world records last week during its impressive win against Mongolia.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">But Nepal was not match to India despite the cricket superpower fielding second-choice teams while the top-not players prepare for the cricket world cup.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, the national news agency of Nepal, Dipendra Singh Airee hit the highest 32 runs for Nepal. Similarly, Kushal Bhurtel made 28 runs, Aasif Shekh 10, Kushal Malla 29, captain Rohit Poudel 3, Sundip Jora 29, Sompal Kami 7, Gulshan Jha 6, Karan KC 18 not out and Sandip Lamichhane 5 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Ravi Bishnoi and Abhesh Khan took three wickets each for India. Likewise, Arshadeep Singh took 2 wickets and Sai Kishor one wicket.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Earlier, India elected to bat first after winning the toss and posted a mammoth 202 runs in 20 overs. Yashashwi Jaiswal hit a century. He made 100 runs off 49 balls, putting Nepal under pressure. Ruturaj Gaikwad collected 25 runs, Shivam Dube 25 and Rinku Singh made an aggressive 37 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali bowlers Dipendra Singh Airee took 2 wickets and Sandip Lamichhane and Sompal Kami one wicket each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this defeat, Nepal has been eliminated from this tournament while India have entered the semi-final round. </span></span></span></p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19157',
			'article_category_id' => '1',
			'title' => 'Climate Goal Reliant on Massive New Private Sector Investment: IMF',
			'sub_title' => '',
			'summary' => 'October 3: The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">October 3:&nbsp;The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The IMF said in the report citing data from the International Energy Agency (IEA) that countries worldwide need to invest $2 trillion annually by 2030 to attain the 2050 goal.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report warns that countries, especially ones with emerging or developing economies, will not be able to increase their debt levels by an average of 45-50 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;We consider this as fiscally unsustainable,&quot; AFP quoted Ruud de Mooij, deputy director of the IMF&#39;s fiscal affairs department, saying in an online press conference.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The good news, he said, is that 90 percent of the technologies needed to reduce emissions by 2030 already exist. But to reach sufficient deployment, according to the report, private sector must double its contribution from 40 percent to 80 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report is part of the IMF&rsquo;s Global Financial Stability Report (GFSR), which will be released in full at the IMF and World Bank&#39;s annual meetings, beginning October 9 in Marrakesh.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">While some emerging countries, such as China and India, have a well-resourced private sector, this is not the case elsewhere, which means creating the conditions to attract international investment will be necessary, according to the IMF.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Fabio Natalucci, deputy director of the IMF, told AFP that more work has to be done to improve developing nations&#39; credit ratings.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">He said that about 40 percent of emerging markets are rated sub-investment grade, meaning, for now, &quot;they&#39;re not part of the investable universe.&quot;</span></span></span></span></p>

<p>&nbsp;</p>
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	(int) 10 => array(
		'Article' => array(
			'id' => '19155',
			'article_category_id' => '1',
			'title' => 'Banke National Park Introduces Time Card System',
			'sub_title' => '',
			'summary' => 'October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Information Officer at Banke National Park, Arjun Bhusal, said that the time card system has been put in place following the rise in road accidents and death of wildlife due to vehicle-wildlife collision along the highway.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;We introduced the time card system following the rise in fatal road accidents within the national park area and growing safety threats to wildlife. It has been implemented from Obhari of Shumshergunj in Raptisonaru Rural Municipality-8 to Kachanapur Zero Point (Khairi Check post),&quot; said Bhusal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Bhusal shared that the time card system will be applicable along a 15-kilometer stretch inside the Banke National Park. A vehicle must take 23 to 28 minutes to cross this section. The decision to bring the time card system into practice was taken following recommendations from the locals, civil society and entrepreneurs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Established in 2067 BS with an objective of promoting conservation of the habitat of tigers and bio-diversity, Banke National Park is the 10th national park of the country and is spread over 550 square kilometers area. The national park lies in Bardiya, Dang and Salyan districts. -- RSS&nbsp; </span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '19154',
			'article_category_id' => '1',
			'title' => 'Fair-Price Shops out of General Public’s Reach',
			'sub_title' => '',
			'summary' => 'October 3: Just like in the past, this year too, the government is operating fair-price shops from October 8 to facilitate the consumers during the upcoming festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Just like in the past, this year too, the government is operating fair-price shops from October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">8</span></span> <span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">to facilitate the consumers during the upcoming festivals</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The state-owned Food Management and Trading Company Limited and the Salt Trading Corporation operate fair price shops to help the consumers by controlling the unnecessary price hike in the market during festivals and to ease the management of food supply.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Apart from focusing on festivals, these organizations sell food at subsidized rates throughout the year through their various sales outlets. However, one often hears complaints that the fair-price shops run by government companies are beyond the reach of the general public.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells food grains at subsidized rates throughout the year from Thapathali, Putlisadak, Nakkhu and Suryabinayak within the Kathmandu Valley. There are </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">48</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> such outlets across the country. Similarly, the Salt Trading Corporation has </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">93</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> sales centers across the country. Among them, eight are within the Kathmandu Valley while others are located in Narayangadh, Pokhara and Dhangadhi which sell food throughout the year. The rest of the outlets sell food only on special occassions. However, these sales centers are open only from </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">10</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> am to </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> pm (office hours). Due to this, most of the common people who have to go to work in the afternoon cannot buy goods from such shops.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Last Thursday, Sulochana Basnet, who came to buy goods at the fair-price shop in Thapathali, complained that she could not buy goods from the outlet because it was already late when she reached there after her office.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;Food items at the fair-price shops are available at a lower price than outside. However, it does not open in the morning and evening. Most of the consumers like us who go to work in the day-time are not able to buy food items,&rdquo; said Basnet, adding, &ldquo;The fair-price shops should be open in the morning and evening. But sadly, they open during the office hours. We are confused whether to go to work or shopping in the afternoon.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Government officials also admit that consumers are deprived of buying food at subsidized prices due to their inability to open the shops during the shopping hours in the mornings and evenings.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sarmila Neupane Subedi, information officer of Food Management and Trading Company, said that such shops should be open from morning till evening but could not be opened due to lack of manpower. According to her, there is currently only one person working in an outlet.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;It is not possible for one person to work from morning till evening. We have home delivery service for consumers who cannot come for shopping in the afternoon,&#39;&#39; she said, &ldquo;But we are not able to deliver to all places. That is why we are have partnered with a private company named Sastodeal for the delivery.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells pulses, rice, salt, ghee, sugar and other food items at subsidized rates while the Salt Trading Corporation sells products like salt, sugar, cooking gas etc.</span></span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19153',
			'article_category_id' => '1',
			'title' => 'HAN Urges Government to Facilitate Inflow of Tourists',
			'sub_title' => '',
			'summary' => 'October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Holding separate meetings with the directors general of both the departments on Monday, HAN delegation led by its President Binayak Shah urged the government officials to ensure effective services at airports and immigration so as to attract international tourists to Nepal. HAN made such appeal at a time when inflow of tourists has been on the rise after the COVID-19 pandemic subsided.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In a meeting with Director General of the Department of Immigration, Rudra Singh Tamang, HAN office bearers discussed matters related to reforms needed in airport immigration, service delivery and training to attract tourists to the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Responding to the queries of the entrepreneurs positively, Director General Tamang expressed the confidence that the issues could be addressed through coordinated efforts.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the delegation also called on Director General of the Department of Tourism Chakra Bahadur Budha and demanded assurance of safe and happy stay of international tourists in the country keeping in mind the rising investment in the hospitality sector. -- RSS&nbsp; </span></span></span></p>
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			'created' => '2023-10-03',
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			'sortorder' => '18881',
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			'article_date' => '2023-10-03 09:32:54',
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			'id' => '19152',
			'article_category_id' => '1',
			'title' => 'Gulf Lubricant’s New Showrooms Inaugurated in Sankhuwasabha, Jhapa',
			'sub_title' => '',
			'summary' => 'Gulf Lubricant's producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha’s Chainpur and Jhapa’s Birtamod, Nepal.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: Gulf Lubricant&#39;s producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha&rsquo;s Chainpur and Jhapa&rsquo;s Birtamod, Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nepal Lube Oil Limited has opened new showroom of its authorized distributor Lucky Suppliers in Chainpur and Sahara Agriculture Research and Development Company Private Limited&rsquo;s showroom in Jhapa&rsquo;s Birtamod.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Karan Chaudhary, the Executive Director of Nepal Lube Oil Limited, inaugurated the showrooms. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company&#39;s goal is to make Gulf Lubricants readily available, and they have expressed their intention to establish Gulf Lubricant&rsquo;s sales outlets in mountain, hills and Madhes province. </span></span></p>
',
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			'created' => '2023-10-03',
			'modified' => '2023-10-03',
			'keywords' => '',
			'description' => '',
			'sortorder' => '18880',
			'image' => '20231003061158_collage (13).jpg',
			'article_date' => '2023-10-03 06:10:32',
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			'id' => '19149',
			'article_category_id' => '1',
			'title' => 'Farmers Urged to Postpone Harvesting Plan due to Delay in Monsoon Exit',
			'sub_title' => '',
			'summary' => 'October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Tentatively, the process for monsoon exit commences on October 2, but this year monsoon is still active. Senior meteorologist Barun Poudel said the duration of monsoon is getting prolonged as it is likely to take around one week for its departure.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Meteorological Forecasting Division under the department, at present the axis of the monsoon trough remains at an average location and Nepal experiences impacts of the low pressure system based in surroundings areas of Bihar and West Bengal states of India. &nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cloudy sky is expected for the next few days and rainfall is likely to take place at several places. Due to this prediction, farmers need to be especially careful about protecting their crops. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;This is rice harvesting season. If there is a plan to cut rice plants, it is advised to postpone by a week and if already collected, it requires prompt storage,&rdquo; said Poudel, urging famers to wait until the monsoon ends to harvest crops.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather is expected to be partly to generally cloudy throughout the country on Monday night. Light to moderate rain with thunder and lightning is likely to occur at some places of Koshi Province, Madesh Province, Bagmati Province and Lumbini Province and at one or two places of rest of the provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Two years ago, the department had revised the tentative timeline for the entry and exit of monsoon setting it at June 13 to October 2. Prior to this, this timeline was fixed at June 10- September 23. The tentative period for the monsoon is revised based on the analysis every 10 years.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In the recent years, the exit of monsoon is getting delayed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This year, monsoon began on June 14 and it spread nationwide after nine days of arrival. In the initial phase, it caused significant losses of lives in eastern Nepal. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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		'Article' => array(
			'id' => '19166',
			'article_category_id' => '1',
			'title' => 'Bajhang Earthquake Update: One Dead, 135 Houses Damaged   ',
			'sub_title' => '',
			'summary' => 'October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. The deceased has been identified as Gunamati Dhami, 40, of Jayaprithvi Municipality-11, Okhal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer of the District Police Office, Inspector Dipesh Chaudhary, Dhami died in a landslide triggered by the earthquake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A police team has been mobilized in the incident site, said Chaudhary.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Some 11 people were injured in the earthquake in Bajhang. Two of them returned home after treatment while nine are being treated at the district hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police informed that the earthquake caused damage to 135 structures in the district. Chaudhay further shared at least 60 houses were damaged in Thalara and 41 houses in Jayaprithvi municipality. -- RSS </span></span></span></p>
',
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			'created' => '2023-10-04',
			'modified' => '2023-10-04',
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			'description' => '',
			'sortorder' => '18894',
			'image' => '20231004105318_20230620111902_earth.jpg',
			'article_date' => '2023-10-04 10:52:31',
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			'id' => '19165',
			'article_category_id' => '1',
			'title' => 'NEA Calls Promotors of Hydropower Projects for PPA',
			'sub_title' => '',
			'summary' => 'The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 4: The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEA has set specific upper limits for run-of-river (ROR) and semi-reservoir (PROR) hydropower projects, namely 6,750 MW and 4,500 MW, respectively.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the NEA has outlined that the progression of the PPA process will be determined by the roll order, contingent on the completion date of the grid connection agreement with the NEA.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In an official notice published on Tuesday, the NEA has summoned promoter companies involved in the PPA process and the Electricity Regulatory Commission to review and finalize the draft PPA. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, they are required to submit the necessary authorizations, performance bank guarantees, and the PPA fee for the purpose of executing the agreement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The notice specifies that failure to submit the application within the stipulated timeframe or to provide the requisite documents will result in the NEA removing the projects from the roll order. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subsequently, the NEA will proceed with the PPA process for subsequent projects that have completed the grid connection agreement, following the established roll order.</span></span></p>

<p>&nbsp;</p>
',
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			'created' => '2023-10-04',
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			'sortorder' => '18893',
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			'article_date' => '2023-10-04 05:58:29',
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			'id' => '19164',
			'article_category_id' => '1',
			'title' => 'CNI Suggests IMF not to Influence Nepal's Policy Making   ',
			'sub_title' => '',
			'summary' => 'October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal's policy making process.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal&#39;s policy making process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">CNI made such suggestion to the IMF during a discussion held on Nepal&#39;s economy and measures to adopt for its reform. The discussion was held at CNI secretariat.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, CNI President Rajesh Kumar Agrawal urged IMF not to impose unnecessary rulings on government&#39;s policy and direction. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;Nepal&rsquo;s economy has its own features,&rdquo; he said, reminding that all principles or any practices abroad cannot be replicated identically in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, increase in interest rate to control price hike is not a proper measure. He was of the view that the import of petroleum products and other goods resulted in price hike.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Agrawal said that the interest rate doesn&rsquo;t matter when the demand for goods is normal but it affects business when the industries are operating down at 30 percent of their capacity.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, CNI President Agrawal claimed that the country&#39;s economy was facing problems due to the policy the government adopted to increase the interest rate to contain inflation. Although loans were misused to some extent for lack of oversight following the COVID-19 pandemic, the regulatory body adopted the policy in haste rather than in a gradual manner, he blamed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, Agrawal further said Nepal Rastra Bank&#39;s policy and direction were only favourable towards banks.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;It was agreed between NRB and IMF on restructuring of loans for addressing the liquidity problem, but the NRB&#39;s recent policy is against it.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">IMF&#39;s mission chief Tidiane Kinda, Country Representative in Nepal, Teresa Daban Sanchez and others held the discussion with CNI. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
',
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			'created' => '2023-10-03',
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			'sortorder' => '18892',
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			'article_date' => '2023-10-03 21:53:56',
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		'Article' => array(
			'id' => '19163',
			'article_category_id' => '1',
			'title' => 'Seven Injured in Earthquake in Sudurpaschim Province   ',
			'sub_title' => '',
			'summary' => 'October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The quake measuring 5.3 on the Richter scale with its epicentre at Talkot of the district damaged some houses and other physical infrastructures in the district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured were immediately rushed to the hospital for treatment, said Narayan Pandey, Chief District Officer (CDO) of Bajhang. However, no human casualty has been reported so far in the quake, informed CDO Pandey.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured ones&#39; condition is normal while more details on the extent of damages by the quake are yet to be obtained, according to the CDO.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that there were reports that some houses in the district headquarters and its surrounding areas were damaged while some were rendered uninhabitable.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Public office buildings including that of Masta Rural Municipality&#39;s ward no-1 were reduced to rubbles by the quake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Patients at the District Hospital in Bajhang were provided services outdoor due to the dear of aftershock.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sudurpaschim Province Police Office Chief DIG Bharat Bahadur Bohora said that a person returning home from school in Baitadi district was injured by a boulder that fell off a cliff and another one collecting grass also received injury due to quake-triggered landslide.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that no human fatalities were reported so far while the condition of the injured is said to be normal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, a huge tremor was experienced in Doti district at 3:07 pm on Tuesday and subsequent aftershocks continue to jolt Doti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A tremor measuring 6.3 on the Richter Scale with an epicentre in Chainpur was measured by the Earthquake Measurement Centre in Surkhet with its epicentre in Chainpur, Bajhang while another one with 5.3 on Richter scale occurred at Talkot in the district. -- RSS</span></span></span></p>
',
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			'id' => '19162',
			'article_category_id' => '1',
			'title' => 'NEPSE Index Sheds Double Digits to Close at 1958.72 Points',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday’s trading.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: &nbsp;The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday&rsquo;s trading. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experienced investors and stock market analysts attributed to the influence of the festive season as the cause of the consistent decline in the stock market.&nbsp;&nbsp;</span>They believe that the market could see further corrections during the Dashain festival, a major festival in Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experts in the stock market suggest that a bullish trend is unlikely to start unless the Nepal Rastra Bank (NRB) eases its policies related to the stock market.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">One investor said, &ldquo;Market could see some corrections due to the Dashain festival. But, it could pick up the upward momentum if the NRB changes the cap of 120 million&nbsp;cap on the margin loan,&rdquo; the investor said.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today&rsquo;s trading session, a total of 281 scrips were traded through the total of 55,096 transactions. As many as 3,965,917 shares exchanged their hands, amounting to Rs 1.19 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Citizen Life Insurance had the highest turnover of Rs 5.59 crores, closing at a price of Rs 446 per share. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samata Gharelu Laghubitta Bittiya Sanstha gained the highest percent of Rs 7.91, closing at a price of Rs 696 per share, while Samudayik Laghubitta Bittiya Sanstha lost the highest percent of 7.54%, closing at a price of Rs 779. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index lost 0.97%, while Float Index and Sensitive Float Index shrunk by 0.87% and 1.06% respectively. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the red territory. Trading SubIndex lost the highest 1.47% while the Banking SubIndex lost the least of 0.61%. </span></span></p>
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	(int) 5 => array(
		'Article' => array(
			'id' => '19161',
			'article_category_id' => '1',
			'title' => 'World Bank Forecasts 3.9% Economic Growth for Nepal in 2023/2024',
			'sub_title' => '',
			'summary' => 'The World Bank has projected Nepal’s economic growth to be 3.9% in the current fiscal year 2023/2024.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: The World Bank has projected Nepal&rsquo;s economic growth to be 3.9% in the current fiscal year 2023/2024.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This projection hinges on the removal of import restrictions, a revival of the tourism sector, and an expansion of the monetary policy aimed at stimulating the economy.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In contrast, the budget for the fiscal year 2023/2024 has set the target of achieving 6% economic growth. In the last fiscal year, Nepal&#39;s economic growth was only 1.9 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While the agriculture and industrial sectors may see some growth in the current fiscal year, it is the service sector that is poised to make a significant contribution to Nepal&#39;s economic upswing. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The agriculture sector is projected to grow at 2.1 percent, and the industrial growth rate is estimated at 3.2 percent. Likewise, the service sector is expected to grow at a satisfactory rate of 5.1 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nayan Krishna Joshi, an economist affiliated with the World Bank, said that the institution&#39;s growth projection considered the lingering impact of the lumpy skin epidemic in Nepal. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, the World Bank has also issued cautionary notes regarding potential risks. These include the specter of decreased agricultural production due to fluctuations in the monsoon, inflationary pressures, and the consequences of import restrictions imposed by India.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the World Bank&#39;s semi-annual report, which was unveiled on Tuesday, Nepal is poised to achieve a 5 percent economic growth rate in the upcoming fiscal year 2024/2025.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">World Bank has set a higher target for inflation in the current fiscal year than the central bank. The central bank has set a target of 6.5 percent, while the World Bank&#39;s projection is 7.5 percent. In the previous fiscal year, inflation stood at 7.8 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, both production and construction sectors contracted. Similarly, wholesale and retail sectors within the service sector also faced shrink. </span></span></p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '19160',
			'article_category_id' => '1',
			'title' => 'Interest Rates of Treasury Bills below 3 Percent',
			'sub_title' => '',
			'summary' => 'October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. Despite the increase in liquidity in the banking system, the short-term interest rates fell to a low point because Nepal Rastra Bank did not use monetary instruments as per the announcement made in the monetary policy.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the interest rate of treasury bills fell below 3 percent. The interest rate of treasury bills had exceeded 12 percent in the previous fiscal year. Similarly, the interbank interest rate has been maintained at around 2 percent for the last 2 weeks. As the short-term interest rates fell, the government is raising domestic debt at a low rate.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the government renewed treasury bills worth Rs 18.5 billion. Among them, the interest on 28-day treasury bills worth Rs 5 billion has been maintained at 2.90 percent, while that of 91-day treasury bills worth 7.75 billion is 5.05 percent and 5.34 percent for 182-day treasury bills worth Rs 5.30 billion.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The interest rates of all treasury bills have decreased compared to last week. Last week, the average interest rate of 28-day treasury bills was 3.44 percent, while it was 5.35 percent for 91-day treasury bills and 5.39 percent for 182-day treasury bills.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In order to increase the credit flow of the banks, the government has given the facility to the banks to count the amount of accumulated funds of the local level as deposits. However, as the demand for loans in banks is not encouraging, there is competition among banks to bid for government bonds.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In the current fiscal year&#39;s monetary policy, NRB announced that the upper limit of the interest rate corridor will be 7.5 percent and the lower limit of the deposit collection rate will be 4.5 percent, keeping the average interbank interest rate within the limit. In order to maintain the interest rate corridor, there is a provision for NRB to use various monetary instruments. However, even though the interbank interest rate has dropped below the required limit, NRB has not mopped excess liquidity from the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">NRB has been using the excess liquidity of banks to raise government bonds. Due to this, the cost of internal debt of the government has decreased.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The average interest rate of development bonds, which was 8.64 percent last year, has dropped to 6.96 percent in the current year. </span></span></span></p>

<p>&nbsp;</p>
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	(int) 7 => array(
		'Article' => array(
			'id' => '19159',
			'article_category_id' => '1',
			'title' => 'SEBON signs MoU with NEPA to Promote Private and Alternative Investment',
			'sub_title' => '',
			'summary' => 'October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement on Monday, NEPA said its Chairman Siddhant Raj Pandey and the Executive Chairman of SEBON, Ramesh Kumar Hamal, signed the MOU on behalf of their respective organizations.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further says that the MOU was signed after the second annual general meeting of NPEA held at Thamel-based Aloft Kathmandu on October 2. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further said that the MoU solidifies the commitment of both parties to advance innovation, entrepreneurship, and job creation in Nepal by facilitating greater access to finance for businesses in the region. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the agreement, SEBON will provide regulatory support, while both will work towards industry advocacy and promotion of alternative/specialized investment industry including training and information sharing.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NPEA is an umbrella organization that represents all alternative investment players in the domestic market of Nepal.</span></span></p>
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			'article_date' => '2023-10-03 14:06:19',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19158',
			'article_category_id' => '1',
			'title' => 'Nepal’s Fairytale Run in Asiad Cricket comes to an End',
			'sub_title' => '',
			'summary' => 'October 3: Nepal’s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: Nepal&rsquo;s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Chasing a massive 203-run target presented by the second-rung team of India, Nepal could only make 179 runs losing nine wickets in the allotted 20 overs. However, Nepal&#39;s performance was worth appreciating, reported the state-owned RSS. Nepal made a perfect start to the Asian Games in cricket breaking several world records last week during its impressive win against Mongolia.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">But Nepal was not match to India despite the cricket superpower fielding second-choice teams while the top-not players prepare for the cricket world cup.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, the national news agency of Nepal, Dipendra Singh Airee hit the highest 32 runs for Nepal. Similarly, Kushal Bhurtel made 28 runs, Aasif Shekh 10, Kushal Malla 29, captain Rohit Poudel 3, Sundip Jora 29, Sompal Kami 7, Gulshan Jha 6, Karan KC 18 not out and Sandip Lamichhane 5 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Ravi Bishnoi and Abhesh Khan took three wickets each for India. Likewise, Arshadeep Singh took 2 wickets and Sai Kishor one wicket.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Earlier, India elected to bat first after winning the toss and posted a mammoth 202 runs in 20 overs. Yashashwi Jaiswal hit a century. He made 100 runs off 49 balls, putting Nepal under pressure. Ruturaj Gaikwad collected 25 runs, Shivam Dube 25 and Rinku Singh made an aggressive 37 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali bowlers Dipendra Singh Airee took 2 wickets and Sandip Lamichhane and Sompal Kami one wicket each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this defeat, Nepal has been eliminated from this tournament while India have entered the semi-final round. </span></span></span></p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19157',
			'article_category_id' => '1',
			'title' => 'Climate Goal Reliant on Massive New Private Sector Investment: IMF',
			'sub_title' => '',
			'summary' => 'October 3: The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">October 3:&nbsp;The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The IMF said in the report citing data from the International Energy Agency (IEA) that countries worldwide need to invest $2 trillion annually by 2030 to attain the 2050 goal.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report warns that countries, especially ones with emerging or developing economies, will not be able to increase their debt levels by an average of 45-50 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;We consider this as fiscally unsustainable,&quot; AFP quoted Ruud de Mooij, deputy director of the IMF&#39;s fiscal affairs department, saying in an online press conference.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The good news, he said, is that 90 percent of the technologies needed to reduce emissions by 2030 already exist. But to reach sufficient deployment, according to the report, private sector must double its contribution from 40 percent to 80 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report is part of the IMF&rsquo;s Global Financial Stability Report (GFSR), which will be released in full at the IMF and World Bank&#39;s annual meetings, beginning October 9 in Marrakesh.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">While some emerging countries, such as China and India, have a well-resourced private sector, this is not the case elsewhere, which means creating the conditions to attract international investment will be necessary, according to the IMF.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Fabio Natalucci, deputy director of the IMF, told AFP that more work has to be done to improve developing nations&#39; credit ratings.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">He said that about 40 percent of emerging markets are rated sub-investment grade, meaning, for now, &quot;they&#39;re not part of the investable universe.&quot;</span></span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19155',
			'article_category_id' => '1',
			'title' => 'Banke National Park Introduces Time Card System',
			'sub_title' => '',
			'summary' => 'October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Information Officer at Banke National Park, Arjun Bhusal, said that the time card system has been put in place following the rise in road accidents and death of wildlife due to vehicle-wildlife collision along the highway.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;We introduced the time card system following the rise in fatal road accidents within the national park area and growing safety threats to wildlife. It has been implemented from Obhari of Shumshergunj in Raptisonaru Rural Municipality-8 to Kachanapur Zero Point (Khairi Check post),&quot; said Bhusal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Bhusal shared that the time card system will be applicable along a 15-kilometer stretch inside the Banke National Park. A vehicle must take 23 to 28 minutes to cross this section. The decision to bring the time card system into practice was taken following recommendations from the locals, civil society and entrepreneurs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Established in 2067 BS with an objective of promoting conservation of the habitat of tigers and bio-diversity, Banke National Park is the 10th national park of the country and is spread over 550 square kilometers area. The national park lies in Bardiya, Dang and Salyan districts. -- RSS&nbsp; </span></span></span></p>
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			'id' => '19154',
			'article_category_id' => '1',
			'title' => 'Fair-Price Shops out of General Public’s Reach',
			'sub_title' => '',
			'summary' => 'October 3: Just like in the past, this year too, the government is operating fair-price shops from October 8 to facilitate the consumers during the upcoming festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Just like in the past, this year too, the government is operating fair-price shops from October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">8</span></span> <span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">to facilitate the consumers during the upcoming festivals</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The state-owned Food Management and Trading Company Limited and the Salt Trading Corporation operate fair price shops to help the consumers by controlling the unnecessary price hike in the market during festivals and to ease the management of food supply.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Apart from focusing on festivals, these organizations sell food at subsidized rates throughout the year through their various sales outlets. However, one often hears complaints that the fair-price shops run by government companies are beyond the reach of the general public.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells food grains at subsidized rates throughout the year from Thapathali, Putlisadak, Nakkhu and Suryabinayak within the Kathmandu Valley. There are </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">48</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> such outlets across the country. Similarly, the Salt Trading Corporation has </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">93</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> sales centers across the country. Among them, eight are within the Kathmandu Valley while others are located in Narayangadh, Pokhara and Dhangadhi which sell food throughout the year. The rest of the outlets sell food only on special occassions. However, these sales centers are open only from </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">10</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> am to </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> pm (office hours). Due to this, most of the common people who have to go to work in the afternoon cannot buy goods from such shops.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Last Thursday, Sulochana Basnet, who came to buy goods at the fair-price shop in Thapathali, complained that she could not buy goods from the outlet because it was already late when she reached there after her office.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;Food items at the fair-price shops are available at a lower price than outside. However, it does not open in the morning and evening. Most of the consumers like us who go to work in the day-time are not able to buy food items,&rdquo; said Basnet, adding, &ldquo;The fair-price shops should be open in the morning and evening. But sadly, they open during the office hours. We are confused whether to go to work or shopping in the afternoon.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Government officials also admit that consumers are deprived of buying food at subsidized prices due to their inability to open the shops during the shopping hours in the mornings and evenings.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sarmila Neupane Subedi, information officer of Food Management and Trading Company, said that such shops should be open from morning till evening but could not be opened due to lack of manpower. According to her, there is currently only one person working in an outlet.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;It is not possible for one person to work from morning till evening. We have home delivery service for consumers who cannot come for shopping in the afternoon,&#39;&#39; she said, &ldquo;But we are not able to deliver to all places. That is why we are have partnered with a private company named Sastodeal for the delivery.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells pulses, rice, salt, ghee, sugar and other food items at subsidized rates while the Salt Trading Corporation sells products like salt, sugar, cooking gas etc.</span></span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19153',
			'article_category_id' => '1',
			'title' => 'HAN Urges Government to Facilitate Inflow of Tourists',
			'sub_title' => '',
			'summary' => 'October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Holding separate meetings with the directors general of both the departments on Monday, HAN delegation led by its President Binayak Shah urged the government officials to ensure effective services at airports and immigration so as to attract international tourists to Nepal. HAN made such appeal at a time when inflow of tourists has been on the rise after the COVID-19 pandemic subsided.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In a meeting with Director General of the Department of Immigration, Rudra Singh Tamang, HAN office bearers discussed matters related to reforms needed in airport immigration, service delivery and training to attract tourists to the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Responding to the queries of the entrepreneurs positively, Director General Tamang expressed the confidence that the issues could be addressed through coordinated efforts.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the delegation also called on Director General of the Department of Tourism Chakra Bahadur Budha and demanded assurance of safe and happy stay of international tourists in the country keeping in mind the rising investment in the hospitality sector. -- RSS&nbsp; </span></span></span></p>
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			'sortorder' => '18881',
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			'article_date' => '2023-10-03 09:32:54',
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			'id' => '19152',
			'article_category_id' => '1',
			'title' => 'Gulf Lubricant’s New Showrooms Inaugurated in Sankhuwasabha, Jhapa',
			'sub_title' => '',
			'summary' => 'Gulf Lubricant's producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha’s Chainpur and Jhapa’s Birtamod, Nepal.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: Gulf Lubricant&#39;s producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha&rsquo;s Chainpur and Jhapa&rsquo;s Birtamod, Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nepal Lube Oil Limited has opened new showroom of its authorized distributor Lucky Suppliers in Chainpur and Sahara Agriculture Research and Development Company Private Limited&rsquo;s showroom in Jhapa&rsquo;s Birtamod.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Karan Chaudhary, the Executive Director of Nepal Lube Oil Limited, inaugurated the showrooms. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company&#39;s goal is to make Gulf Lubricants readily available, and they have expressed their intention to establish Gulf Lubricant&rsquo;s sales outlets in mountain, hills and Madhes province. </span></span></p>
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			'sortorder' => '18880',
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			'article_date' => '2023-10-03 06:10:32',
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			'id' => '19149',
			'article_category_id' => '1',
			'title' => 'Farmers Urged to Postpone Harvesting Plan due to Delay in Monsoon Exit',
			'sub_title' => '',
			'summary' => 'October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Tentatively, the process for monsoon exit commences on October 2, but this year monsoon is still active. Senior meteorologist Barun Poudel said the duration of monsoon is getting prolonged as it is likely to take around one week for its departure.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Meteorological Forecasting Division under the department, at present the axis of the monsoon trough remains at an average location and Nepal experiences impacts of the low pressure system based in surroundings areas of Bihar and West Bengal states of India. &nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cloudy sky is expected for the next few days and rainfall is likely to take place at several places. Due to this prediction, farmers need to be especially careful about protecting their crops. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;This is rice harvesting season. If there is a plan to cut rice plants, it is advised to postpone by a week and if already collected, it requires prompt storage,&rdquo; said Poudel, urging famers to wait until the monsoon ends to harvest crops.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather is expected to be partly to generally cloudy throughout the country on Monday night. Light to moderate rain with thunder and lightning is likely to occur at some places of Koshi Province, Madesh Province, Bagmati Province and Lumbini Province and at one or two places of rest of the provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Two years ago, the department had revised the tentative timeline for the entry and exit of monsoon setting it at June 13 to October 2. Prior to this, this timeline was fixed at June 10- September 23. The tentative period for the monsoon is revised based on the analysis every 10 years.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In the recent years, the exit of monsoon is getting delayed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This year, monsoon began on June 14 and it spread nationwide after nine days of arrival. In the initial phase, it caused significant losses of lives in eastern Nepal. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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		'Article' => array(
			'id' => '19166',
			'article_category_id' => '1',
			'title' => 'Bajhang Earthquake Update: One Dead, 135 Houses Damaged   ',
			'sub_title' => '',
			'summary' => 'October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. The deceased has been identified as Gunamati Dhami, 40, of Jayaprithvi Municipality-11, Okhal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer of the District Police Office, Inspector Dipesh Chaudhary, Dhami died in a landslide triggered by the earthquake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A police team has been mobilized in the incident site, said Chaudhary.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Some 11 people were injured in the earthquake in Bajhang. Two of them returned home after treatment while nine are being treated at the district hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police informed that the earthquake caused damage to 135 structures in the district. Chaudhay further shared at least 60 houses were damaged in Thalara and 41 houses in Jayaprithvi municipality. -- RSS </span></span></span></p>
',
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			'created' => '2023-10-04',
			'modified' => '2023-10-04',
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			'sortorder' => '18894',
			'image' => '20231004105318_20230620111902_earth.jpg',
			'article_date' => '2023-10-04 10:52:31',
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			'id' => '19165',
			'article_category_id' => '1',
			'title' => 'NEA Calls Promotors of Hydropower Projects for PPA',
			'sub_title' => '',
			'summary' => 'The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 4: The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEA has set specific upper limits for run-of-river (ROR) and semi-reservoir (PROR) hydropower projects, namely 6,750 MW and 4,500 MW, respectively.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the NEA has outlined that the progression of the PPA process will be determined by the roll order, contingent on the completion date of the grid connection agreement with the NEA.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In an official notice published on Tuesday, the NEA has summoned promoter companies involved in the PPA process and the Electricity Regulatory Commission to review and finalize the draft PPA. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, they are required to submit the necessary authorizations, performance bank guarantees, and the PPA fee for the purpose of executing the agreement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The notice specifies that failure to submit the application within the stipulated timeframe or to provide the requisite documents will result in the NEA removing the projects from the roll order. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subsequently, the NEA will proceed with the PPA process for subsequent projects that have completed the grid connection agreement, following the established roll order.</span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19164',
			'article_category_id' => '1',
			'title' => 'CNI Suggests IMF not to Influence Nepal's Policy Making   ',
			'sub_title' => '',
			'summary' => 'October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal's policy making process.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal&#39;s policy making process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">CNI made such suggestion to the IMF during a discussion held on Nepal&#39;s economy and measures to adopt for its reform. The discussion was held at CNI secretariat.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, CNI President Rajesh Kumar Agrawal urged IMF not to impose unnecessary rulings on government&#39;s policy and direction. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;Nepal&rsquo;s economy has its own features,&rdquo; he said, reminding that all principles or any practices abroad cannot be replicated identically in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, increase in interest rate to control price hike is not a proper measure. He was of the view that the import of petroleum products and other goods resulted in price hike.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Agrawal said that the interest rate doesn&rsquo;t matter when the demand for goods is normal but it affects business when the industries are operating down at 30 percent of their capacity.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, CNI President Agrawal claimed that the country&#39;s economy was facing problems due to the policy the government adopted to increase the interest rate to contain inflation. Although loans were misused to some extent for lack of oversight following the COVID-19 pandemic, the regulatory body adopted the policy in haste rather than in a gradual manner, he blamed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, Agrawal further said Nepal Rastra Bank&#39;s policy and direction were only favourable towards banks.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;It was agreed between NRB and IMF on restructuring of loans for addressing the liquidity problem, but the NRB&#39;s recent policy is against it.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">IMF&#39;s mission chief Tidiane Kinda, Country Representative in Nepal, Teresa Daban Sanchez and others held the discussion with CNI. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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	(int) 3 => array(
		'Article' => array(
			'id' => '19163',
			'article_category_id' => '1',
			'title' => 'Seven Injured in Earthquake in Sudurpaschim Province   ',
			'sub_title' => '',
			'summary' => 'October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The quake measuring 5.3 on the Richter scale with its epicentre at Talkot of the district damaged some houses and other physical infrastructures in the district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured were immediately rushed to the hospital for treatment, said Narayan Pandey, Chief District Officer (CDO) of Bajhang. However, no human casualty has been reported so far in the quake, informed CDO Pandey.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured ones&#39; condition is normal while more details on the extent of damages by the quake are yet to be obtained, according to the CDO.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that there were reports that some houses in the district headquarters and its surrounding areas were damaged while some were rendered uninhabitable.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Public office buildings including that of Masta Rural Municipality&#39;s ward no-1 were reduced to rubbles by the quake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Patients at the District Hospital in Bajhang were provided services outdoor due to the dear of aftershock.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sudurpaschim Province Police Office Chief DIG Bharat Bahadur Bohora said that a person returning home from school in Baitadi district was injured by a boulder that fell off a cliff and another one collecting grass also received injury due to quake-triggered landslide.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that no human fatalities were reported so far while the condition of the injured is said to be normal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, a huge tremor was experienced in Doti district at 3:07 pm on Tuesday and subsequent aftershocks continue to jolt Doti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A tremor measuring 6.3 on the Richter Scale with an epicentre in Chainpur was measured by the Earthquake Measurement Centre in Surkhet with its epicentre in Chainpur, Bajhang while another one with 5.3 on Richter scale occurred at Talkot in the district. -- RSS</span></span></span></p>
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	(int) 4 => array(
		'Article' => array(
			'id' => '19162',
			'article_category_id' => '1',
			'title' => 'NEPSE Index Sheds Double Digits to Close at 1958.72 Points',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday’s trading.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: &nbsp;The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday&rsquo;s trading. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experienced investors and stock market analysts attributed to the influence of the festive season as the cause of the consistent decline in the stock market.&nbsp;&nbsp;</span>They believe that the market could see further corrections during the Dashain festival, a major festival in Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experts in the stock market suggest that a bullish trend is unlikely to start unless the Nepal Rastra Bank (NRB) eases its policies related to the stock market.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">One investor said, &ldquo;Market could see some corrections due to the Dashain festival. But, it could pick up the upward momentum if the NRB changes the cap of 120 million&nbsp;cap on the margin loan,&rdquo; the investor said.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today&rsquo;s trading session, a total of 281 scrips were traded through the total of 55,096 transactions. As many as 3,965,917 shares exchanged their hands, amounting to Rs 1.19 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Citizen Life Insurance had the highest turnover of Rs 5.59 crores, closing at a price of Rs 446 per share. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samata Gharelu Laghubitta Bittiya Sanstha gained the highest percent of Rs 7.91, closing at a price of Rs 696 per share, while Samudayik Laghubitta Bittiya Sanstha lost the highest percent of 7.54%, closing at a price of Rs 779. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index lost 0.97%, while Float Index and Sensitive Float Index shrunk by 0.87% and 1.06% respectively. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the red territory. Trading SubIndex lost the highest 1.47% while the Banking SubIndex lost the least of 0.61%. </span></span></p>
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			'created' => '2023-10-03',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '18890',
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	(int) 5 => array(
		'Article' => array(
			'id' => '19161',
			'article_category_id' => '1',
			'title' => 'World Bank Forecasts 3.9% Economic Growth for Nepal in 2023/2024',
			'sub_title' => '',
			'summary' => 'The World Bank has projected Nepal’s economic growth to be 3.9% in the current fiscal year 2023/2024.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: The World Bank has projected Nepal&rsquo;s economic growth to be 3.9% in the current fiscal year 2023/2024.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This projection hinges on the removal of import restrictions, a revival of the tourism sector, and an expansion of the monetary policy aimed at stimulating the economy.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In contrast, the budget for the fiscal year 2023/2024 has set the target of achieving 6% economic growth. In the last fiscal year, Nepal&#39;s economic growth was only 1.9 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While the agriculture and industrial sectors may see some growth in the current fiscal year, it is the service sector that is poised to make a significant contribution to Nepal&#39;s economic upswing. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The agriculture sector is projected to grow at 2.1 percent, and the industrial growth rate is estimated at 3.2 percent. Likewise, the service sector is expected to grow at a satisfactory rate of 5.1 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nayan Krishna Joshi, an economist affiliated with the World Bank, said that the institution&#39;s growth projection considered the lingering impact of the lumpy skin epidemic in Nepal. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, the World Bank has also issued cautionary notes regarding potential risks. These include the specter of decreased agricultural production due to fluctuations in the monsoon, inflationary pressures, and the consequences of import restrictions imposed by India.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the World Bank&#39;s semi-annual report, which was unveiled on Tuesday, Nepal is poised to achieve a 5 percent economic growth rate in the upcoming fiscal year 2024/2025.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">World Bank has set a higher target for inflation in the current fiscal year than the central bank. The central bank has set a target of 6.5 percent, while the World Bank&#39;s projection is 7.5 percent. In the previous fiscal year, inflation stood at 7.8 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, both production and construction sectors contracted. Similarly, wholesale and retail sectors within the service sector also faced shrink. </span></span></p>
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	(int) 6 => array(
		'Article' => array(
			'id' => '19160',
			'article_category_id' => '1',
			'title' => 'Interest Rates of Treasury Bills below 3 Percent',
			'sub_title' => '',
			'summary' => 'October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. Despite the increase in liquidity in the banking system, the short-term interest rates fell to a low point because Nepal Rastra Bank did not use monetary instruments as per the announcement made in the monetary policy.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the interest rate of treasury bills fell below 3 percent. The interest rate of treasury bills had exceeded 12 percent in the previous fiscal year. Similarly, the interbank interest rate has been maintained at around 2 percent for the last 2 weeks. As the short-term interest rates fell, the government is raising domestic debt at a low rate.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the government renewed treasury bills worth Rs 18.5 billion. Among them, the interest on 28-day treasury bills worth Rs 5 billion has been maintained at 2.90 percent, while that of 91-day treasury bills worth 7.75 billion is 5.05 percent and 5.34 percent for 182-day treasury bills worth Rs 5.30 billion.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The interest rates of all treasury bills have decreased compared to last week. Last week, the average interest rate of 28-day treasury bills was 3.44 percent, while it was 5.35 percent for 91-day treasury bills and 5.39 percent for 182-day treasury bills.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In order to increase the credit flow of the banks, the government has given the facility to the banks to count the amount of accumulated funds of the local level as deposits. However, as the demand for loans in banks is not encouraging, there is competition among banks to bid for government bonds.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In the current fiscal year&#39;s monetary policy, NRB announced that the upper limit of the interest rate corridor will be 7.5 percent and the lower limit of the deposit collection rate will be 4.5 percent, keeping the average interbank interest rate within the limit. In order to maintain the interest rate corridor, there is a provision for NRB to use various monetary instruments. However, even though the interbank interest rate has dropped below the required limit, NRB has not mopped excess liquidity from the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">NRB has been using the excess liquidity of banks to raise government bonds. Due to this, the cost of internal debt of the government has decreased.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The average interest rate of development bonds, which was 8.64 percent last year, has dropped to 6.96 percent in the current year. </span></span></span></p>

<p>&nbsp;</p>
',
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	(int) 7 => array(
		'Article' => array(
			'id' => '19159',
			'article_category_id' => '1',
			'title' => 'SEBON signs MoU with NEPA to Promote Private and Alternative Investment',
			'sub_title' => '',
			'summary' => 'October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement on Monday, NEPA said its Chairman Siddhant Raj Pandey and the Executive Chairman of SEBON, Ramesh Kumar Hamal, signed the MOU on behalf of their respective organizations.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further says that the MOU was signed after the second annual general meeting of NPEA held at Thamel-based Aloft Kathmandu on October 2. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further said that the MoU solidifies the commitment of both parties to advance innovation, entrepreneurship, and job creation in Nepal by facilitating greater access to finance for businesses in the region. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the agreement, SEBON will provide regulatory support, while both will work towards industry advocacy and promotion of alternative/specialized investment industry including training and information sharing.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NPEA is an umbrella organization that represents all alternative investment players in the domestic market of Nepal.</span></span></p>
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			'article_date' => '2023-10-03 14:06:19',
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	(int) 8 => array(
		'Article' => array(
			'id' => '19158',
			'article_category_id' => '1',
			'title' => 'Nepal’s Fairytale Run in Asiad Cricket comes to an End',
			'sub_title' => '',
			'summary' => 'October 3: Nepal’s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: Nepal&rsquo;s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Chasing a massive 203-run target presented by the second-rung team of India, Nepal could only make 179 runs losing nine wickets in the allotted 20 overs. However, Nepal&#39;s performance was worth appreciating, reported the state-owned RSS. Nepal made a perfect start to the Asian Games in cricket breaking several world records last week during its impressive win against Mongolia.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">But Nepal was not match to India despite the cricket superpower fielding second-choice teams while the top-not players prepare for the cricket world cup.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, the national news agency of Nepal, Dipendra Singh Airee hit the highest 32 runs for Nepal. Similarly, Kushal Bhurtel made 28 runs, Aasif Shekh 10, Kushal Malla 29, captain Rohit Poudel 3, Sundip Jora 29, Sompal Kami 7, Gulshan Jha 6, Karan KC 18 not out and Sandip Lamichhane 5 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Ravi Bishnoi and Abhesh Khan took three wickets each for India. Likewise, Arshadeep Singh took 2 wickets and Sai Kishor one wicket.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Earlier, India elected to bat first after winning the toss and posted a mammoth 202 runs in 20 overs. Yashashwi Jaiswal hit a century. He made 100 runs off 49 balls, putting Nepal under pressure. Ruturaj Gaikwad collected 25 runs, Shivam Dube 25 and Rinku Singh made an aggressive 37 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali bowlers Dipendra Singh Airee took 2 wickets and Sandip Lamichhane and Sompal Kami one wicket each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this defeat, Nepal has been eliminated from this tournament while India have entered the semi-final round. </span></span></span></p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19157',
			'article_category_id' => '1',
			'title' => 'Climate Goal Reliant on Massive New Private Sector Investment: IMF',
			'sub_title' => '',
			'summary' => 'October 3: The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">October 3:&nbsp;The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The IMF said in the report citing data from the International Energy Agency (IEA) that countries worldwide need to invest $2 trillion annually by 2030 to attain the 2050 goal.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report warns that countries, especially ones with emerging or developing economies, will not be able to increase their debt levels by an average of 45-50 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;We consider this as fiscally unsustainable,&quot; AFP quoted Ruud de Mooij, deputy director of the IMF&#39;s fiscal affairs department, saying in an online press conference.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The good news, he said, is that 90 percent of the technologies needed to reduce emissions by 2030 already exist. But to reach sufficient deployment, according to the report, private sector must double its contribution from 40 percent to 80 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report is part of the IMF&rsquo;s Global Financial Stability Report (GFSR), which will be released in full at the IMF and World Bank&#39;s annual meetings, beginning October 9 in Marrakesh.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">While some emerging countries, such as China and India, have a well-resourced private sector, this is not the case elsewhere, which means creating the conditions to attract international investment will be necessary, according to the IMF.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Fabio Natalucci, deputy director of the IMF, told AFP that more work has to be done to improve developing nations&#39; credit ratings.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">He said that about 40 percent of emerging markets are rated sub-investment grade, meaning, for now, &quot;they&#39;re not part of the investable universe.&quot;</span></span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19155',
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			'title' => 'Banke National Park Introduces Time Card System',
			'sub_title' => '',
			'summary' => 'October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Information Officer at Banke National Park, Arjun Bhusal, said that the time card system has been put in place following the rise in road accidents and death of wildlife due to vehicle-wildlife collision along the highway.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;We introduced the time card system following the rise in fatal road accidents within the national park area and growing safety threats to wildlife. It has been implemented from Obhari of Shumshergunj in Raptisonaru Rural Municipality-8 to Kachanapur Zero Point (Khairi Check post),&quot; said Bhusal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Bhusal shared that the time card system will be applicable along a 15-kilometer stretch inside the Banke National Park. A vehicle must take 23 to 28 minutes to cross this section. The decision to bring the time card system into practice was taken following recommendations from the locals, civil society and entrepreneurs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Established in 2067 BS with an objective of promoting conservation of the habitat of tigers and bio-diversity, Banke National Park is the 10th national park of the country and is spread over 550 square kilometers area. The national park lies in Bardiya, Dang and Salyan districts. -- RSS&nbsp; </span></span></span></p>
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		'Article' => array(
			'id' => '19154',
			'article_category_id' => '1',
			'title' => 'Fair-Price Shops out of General Public’s Reach',
			'sub_title' => '',
			'summary' => 'October 3: Just like in the past, this year too, the government is operating fair-price shops from October 8 to facilitate the consumers during the upcoming festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Just like in the past, this year too, the government is operating fair-price shops from October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">8</span></span> <span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">to facilitate the consumers during the upcoming festivals</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The state-owned Food Management and Trading Company Limited and the Salt Trading Corporation operate fair price shops to help the consumers by controlling the unnecessary price hike in the market during festivals and to ease the management of food supply.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Apart from focusing on festivals, these organizations sell food at subsidized rates throughout the year through their various sales outlets. However, one often hears complaints that the fair-price shops run by government companies are beyond the reach of the general public.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells food grains at subsidized rates throughout the year from Thapathali, Putlisadak, Nakkhu and Suryabinayak within the Kathmandu Valley. There are </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">48</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> such outlets across the country. Similarly, the Salt Trading Corporation has </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">93</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> sales centers across the country. Among them, eight are within the Kathmandu Valley while others are located in Narayangadh, Pokhara and Dhangadhi which sell food throughout the year. The rest of the outlets sell food only on special occassions. However, these sales centers are open only from </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">10</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> am to </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> pm (office hours). Due to this, most of the common people who have to go to work in the afternoon cannot buy goods from such shops.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Last Thursday, Sulochana Basnet, who came to buy goods at the fair-price shop in Thapathali, complained that she could not buy goods from the outlet because it was already late when she reached there after her office.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;Food items at the fair-price shops are available at a lower price than outside. However, it does not open in the morning and evening. Most of the consumers like us who go to work in the day-time are not able to buy food items,&rdquo; said Basnet, adding, &ldquo;The fair-price shops should be open in the morning and evening. But sadly, they open during the office hours. We are confused whether to go to work or shopping in the afternoon.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Government officials also admit that consumers are deprived of buying food at subsidized prices due to their inability to open the shops during the shopping hours in the mornings and evenings.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sarmila Neupane Subedi, information officer of Food Management and Trading Company, said that such shops should be open from morning till evening but could not be opened due to lack of manpower. According to her, there is currently only one person working in an outlet.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;It is not possible for one person to work from morning till evening. We have home delivery service for consumers who cannot come for shopping in the afternoon,&#39;&#39; she said, &ldquo;But we are not able to deliver to all places. That is why we are have partnered with a private company named Sastodeal for the delivery.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells pulses, rice, salt, ghee, sugar and other food items at subsidized rates while the Salt Trading Corporation sells products like salt, sugar, cooking gas etc.</span></span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19153',
			'article_category_id' => '1',
			'title' => 'HAN Urges Government to Facilitate Inflow of Tourists',
			'sub_title' => '',
			'summary' => 'October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Holding separate meetings with the directors general of both the departments on Monday, HAN delegation led by its President Binayak Shah urged the government officials to ensure effective services at airports and immigration so as to attract international tourists to Nepal. HAN made such appeal at a time when inflow of tourists has been on the rise after the COVID-19 pandemic subsided.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In a meeting with Director General of the Department of Immigration, Rudra Singh Tamang, HAN office bearers discussed matters related to reforms needed in airport immigration, service delivery and training to attract tourists to the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Responding to the queries of the entrepreneurs positively, Director General Tamang expressed the confidence that the issues could be addressed through coordinated efforts.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the delegation also called on Director General of the Department of Tourism Chakra Bahadur Budha and demanded assurance of safe and happy stay of international tourists in the country keeping in mind the rising investment in the hospitality sector. -- RSS&nbsp; </span></span></span></p>
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			'article_date' => '2023-10-03 09:32:54',
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			'id' => '19152',
			'article_category_id' => '1',
			'title' => 'Gulf Lubricant’s New Showrooms Inaugurated in Sankhuwasabha, Jhapa',
			'sub_title' => '',
			'summary' => 'Gulf Lubricant's producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha’s Chainpur and Jhapa’s Birtamod, Nepal.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: Gulf Lubricant&#39;s producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha&rsquo;s Chainpur and Jhapa&rsquo;s Birtamod, Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nepal Lube Oil Limited has opened new showroom of its authorized distributor Lucky Suppliers in Chainpur and Sahara Agriculture Research and Development Company Private Limited&rsquo;s showroom in Jhapa&rsquo;s Birtamod.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Karan Chaudhary, the Executive Director of Nepal Lube Oil Limited, inaugurated the showrooms. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company&#39;s goal is to make Gulf Lubricants readily available, and they have expressed their intention to establish Gulf Lubricant&rsquo;s sales outlets in mountain, hills and Madhes province. </span></span></p>
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			'article_date' => '2023-10-03 06:10:32',
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		'Article' => array(
			'id' => '19149',
			'article_category_id' => '1',
			'title' => 'Farmers Urged to Postpone Harvesting Plan due to Delay in Monsoon Exit',
			'sub_title' => '',
			'summary' => 'October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Tentatively, the process for monsoon exit commences on October 2, but this year monsoon is still active. Senior meteorologist Barun Poudel said the duration of monsoon is getting prolonged as it is likely to take around one week for its departure.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Meteorological Forecasting Division under the department, at present the axis of the monsoon trough remains at an average location and Nepal experiences impacts of the low pressure system based in surroundings areas of Bihar and West Bengal states of India. &nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cloudy sky is expected for the next few days and rainfall is likely to take place at several places. Due to this prediction, farmers need to be especially careful about protecting their crops. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;This is rice harvesting season. If there is a plan to cut rice plants, it is advised to postpone by a week and if already collected, it requires prompt storage,&rdquo; said Poudel, urging famers to wait until the monsoon ends to harvest crops.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather is expected to be partly to generally cloudy throughout the country on Monday night. Light to moderate rain with thunder and lightning is likely to occur at some places of Koshi Province, Madesh Province, Bagmati Province and Lumbini Province and at one or two places of rest of the provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Two years ago, the department had revised the tentative timeline for the entry and exit of monsoon setting it at June 13 to October 2. Prior to this, this timeline was fixed at June 10- September 23. The tentative period for the monsoon is revised based on the analysis every 10 years.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In the recent years, the exit of monsoon is getting delayed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This year, monsoon began on June 14 and it spread nationwide after nine days of arrival. In the initial phase, it caused significant losses of lives in eastern Nepal. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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		'Article' => array(
			'id' => '19166',
			'article_category_id' => '1',
			'title' => 'Bajhang Earthquake Update: One Dead, 135 Houses Damaged   ',
			'sub_title' => '',
			'summary' => 'October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 4: A person was killed in an earthquake that occurred in Bajhang on Tuesday afternoon. The deceased has been identified as Gunamati Dhami, 40, of Jayaprithvi Municipality-11, Okhal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to Information Officer of the District Police Office, Inspector Dipesh Chaudhary, Dhami died in a landslide triggered by the earthquake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A police team has been mobilized in the incident site, said Chaudhary.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Some 11 people were injured in the earthquake in Bajhang. Two of them returned home after treatment while nine are being treated at the district hospital.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Police informed that the earthquake caused damage to 135 structures in the district. Chaudhay further shared at least 60 houses were damaged in Thalara and 41 houses in Jayaprithvi municipality. -- RSS </span></span></span></p>
',
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			'created' => '2023-10-04',
			'modified' => '2023-10-04',
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			'sortorder' => '18894',
			'image' => '20231004105318_20230620111902_earth.jpg',
			'article_date' => '2023-10-04 10:52:31',
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		'Article' => array(
			'id' => '19165',
			'article_category_id' => '1',
			'title' => 'NEA Calls Promotors of Hydropower Projects for PPA',
			'sub_title' => '',
			'summary' => 'The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 4: The Nepal Electricity Authority (NEA) has issued a call to promoters of hydropower projects to engage in Power Purchase Agreement (PPA).&nbsp;&nbsp;</span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The NEA has set specific upper limits for run-of-river (ROR) and semi-reservoir (PROR) hydropower projects, namely 6,750 MW and 4,500 MW, respectively.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Furthermore, the NEA has outlined that the progression of the PPA process will be determined by the roll order, contingent on the completion date of the grid connection agreement with the NEA.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In an official notice published on Tuesday, the NEA has summoned promoter companies involved in the PPA process and the Electricity Regulatory Commission to review and finalize the draft PPA. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Additionally, they are required to submit the necessary authorizations, performance bank guarantees, and the PPA fee for the purpose of executing the agreement.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The notice specifies that failure to submit the application within the stipulated timeframe or to provide the requisite documents will result in the NEA removing the projects from the roll order. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Subsequently, the NEA will proceed with the PPA process for subsequent projects that have completed the grid connection agreement, following the established roll order.</span></span></p>

<p>&nbsp;</p>
',
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			'sortorder' => '18893',
			'image' => '20231004060012_collage (15).jpg',
			'article_date' => '2023-10-04 05:58:29',
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			'id' => '19164',
			'article_category_id' => '1',
			'title' => 'CNI Suggests IMF not to Influence Nepal's Policy Making   ',
			'sub_title' => '',
			'summary' => 'October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal's policy making process.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Confederation of Nepalese Industries (CNI) has suggested the International Monetary Fund (IMF) to not exert undue influence on Nepal&#39;s policy making process.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">CNI made such suggestion to the IMF during a discussion held on Nepal&#39;s economy and measures to adopt for its reform. The discussion was held at CNI secretariat.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">On the occasion, CNI President Rajesh Kumar Agrawal urged IMF not to impose unnecessary rulings on government&#39;s policy and direction. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;Nepal&rsquo;s economy has its own features,&rdquo; he said, reminding that all principles or any practices abroad cannot be replicated identically in Nepal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to him, increase in interest rate to control price hike is not a proper measure. He was of the view that the import of petroleum products and other goods resulted in price hike.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Agrawal said that the interest rate doesn&rsquo;t matter when the demand for goods is normal but it affects business when the industries are operating down at 30 percent of their capacity.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, CNI President Agrawal claimed that the country&#39;s economy was facing problems due to the policy the government adopted to increase the interest rate to contain inflation. Although loans were misused to some extent for lack of oversight following the COVID-19 pandemic, the regulatory body adopted the policy in haste rather than in a gradual manner, he blamed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Moreover, Agrawal further said Nepal Rastra Bank&#39;s policy and direction were only favourable towards banks.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;It was agreed between NRB and IMF on restructuring of loans for addressing the liquidity problem, but the NRB&#39;s recent policy is against it.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">IMF&#39;s mission chief Tidiane Kinda, Country Representative in Nepal, Teresa Daban Sanchez and others held the discussion with CNI. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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		'Article' => array(
			'id' => '19163',
			'article_category_id' => '1',
			'title' => 'Seven Injured in Earthquake in Sudurpaschim Province   ',
			'sub_title' => '',
			'summary' => 'October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: At least five persons were reportedly injured in Bajura district of Sudurpaschim Province while two others sustained injuries in Baitadi when an earthquake hit Bajura on Tuesday afternoon.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The quake measuring 5.3 on the Richter scale with its epicentre at Talkot of the district damaged some houses and other physical infrastructures in the district.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured were immediately rushed to the hospital for treatment, said Narayan Pandey, Chief District Officer (CDO) of Bajhang. However, no human casualty has been reported so far in the quake, informed CDO Pandey.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The injured ones&#39; condition is normal while more details on the extent of damages by the quake are yet to be obtained, according to the CDO.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He shared that there were reports that some houses in the district headquarters and its surrounding areas were damaged while some were rendered uninhabitable.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Public office buildings including that of Masta Rural Municipality&#39;s ward no-1 were reduced to rubbles by the quake.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Patients at the District Hospital in Bajhang were provided services outdoor due to the dear of aftershock.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Sudurpaschim Province Police Office Chief DIG Bharat Bahadur Bohora said that a person returning home from school in Baitadi district was injured by a boulder that fell off a cliff and another one collecting grass also received injury due to quake-triggered landslide.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">He added that no human fatalities were reported so far while the condition of the injured is said to be normal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Meanwhile, a huge tremor was experienced in Doti district at 3:07 pm on Tuesday and subsequent aftershocks continue to jolt Doti.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">A tremor measuring 6.3 on the Richter Scale with an epicentre in Chainpur was measured by the Earthquake Measurement Centre in Surkhet with its epicentre in Chainpur, Bajhang while another one with 5.3 on Richter scale occurred at Talkot in the district. -- RSS</span></span></span></p>
',
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		'Article' => array(
			'id' => '19162',
			'article_category_id' => '1',
			'title' => 'NEPSE Index Sheds Double Digits to Close at 1958.72 Points',
			'sub_title' => '',
			'summary' => 'The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday’s trading.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: &nbsp;The Nepal Stock Exchange (NEPSE) lost 17.56 points or 0.88% and closed at 1958.72 points on the third trading day of the week, Tuesday. </span></span><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The secondary benchmark index lost 17.58 points against its gain of 5.19 points in yesterday&rsquo;s trading. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experienced investors and stock market analysts attributed to the influence of the festive season as the cause of the consistent decline in the stock market.&nbsp;&nbsp;</span>They believe that the market could see further corrections during the Dashain festival, a major festival in Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">Experts in the stock market suggest that a bullish trend is unlikely to start unless the Nepal Rastra Bank (NRB) eases its policies related to the stock market.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:&quot;Times New Roman&quot;,serif"><span style="font-family:&quot;Calibri&quot;,sans-serif">One investor said, &ldquo;Market could see some corrections due to the Dashain festival. But, it could pick up the upward momentum if the NRB changes the cap of 120 million&nbsp;cap on the margin loan,&rdquo; the investor said.</span></span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">During today&rsquo;s trading session, a total of 281 scrips were traded through the total of 55,096 transactions. As many as 3,965,917 shares exchanged their hands, amounting to Rs 1.19 billion.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Citizen Life Insurance had the highest turnover of Rs 5.59 crores, closing at a price of Rs 446 per share. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Samata Gharelu Laghubitta Bittiya Sanstha gained the highest percent of Rs 7.91, closing at a price of Rs 696 per share, while Samudayik Laghubitta Bittiya Sanstha lost the highest percent of 7.54%, closing at a price of Rs 779. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Sensitive Index lost 0.97%, while Float Index and Sensitive Float Index shrunk by 0.87% and 1.06% respectively. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">All sector indices closed in the red territory. Trading SubIndex lost the highest 1.47% while the Banking SubIndex lost the least of 0.61%. </span></span></p>
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			'sortorder' => '18890',
			'image' => '20231003035723_collage (10).jpg',
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		'Article' => array(
			'id' => '19161',
			'article_category_id' => '1',
			'title' => 'World Bank Forecasts 3.9% Economic Growth for Nepal in 2023/2024',
			'sub_title' => '',
			'summary' => 'The World Bank has projected Nepal’s economic growth to be 3.9% in the current fiscal year 2023/2024.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: The World Bank has projected Nepal&rsquo;s economic growth to be 3.9% in the current fiscal year 2023/2024.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">This projection hinges on the removal of import restrictions, a revival of the tourism sector, and an expansion of the monetary policy aimed at stimulating the economy.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In contrast, the budget for the fiscal year 2023/2024 has set the target of achieving 6% economic growth. In the last fiscal year, Nepal&#39;s economic growth was only 1.9 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">While the agriculture and industrial sectors may see some growth in the current fiscal year, it is the service sector that is poised to make a significant contribution to Nepal&#39;s economic upswing. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The agriculture sector is projected to grow at 2.1 percent, and the industrial growth rate is estimated at 3.2 percent. Likewise, the service sector is expected to grow at a satisfactory rate of 5.1 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nayan Krishna Joshi, an economist affiliated with the World Bank, said that the institution&#39;s growth projection considered the lingering impact of the lumpy skin epidemic in Nepal. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">However, the World Bank has also issued cautionary notes regarding potential risks. These include the specter of decreased agricultural production due to fluctuations in the monsoon, inflationary pressures, and the consequences of import restrictions imposed by India.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the World Bank&#39;s semi-annual report, which was unveiled on Tuesday, Nepal is poised to achieve a 5 percent economic growth rate in the upcoming fiscal year 2024/2025.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">World Bank has set a higher target for inflation in the current fiscal year than the central bank. The central bank has set a target of 6.5 percent, while the World Bank&#39;s projection is 7.5 percent. In the previous fiscal year, inflation stood at 7.8 percent.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">In the last fiscal year, both production and construction sectors contracted. Similarly, wholesale and retail sectors within the service sector also faced shrink. </span></span></p>
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		'Article' => array(
			'id' => '19160',
			'article_category_id' => '1',
			'title' => 'Interest Rates of Treasury Bills below 3 Percent',
			'sub_title' => '',
			'summary' => 'October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Short-term interest rates in the market are continuously decreasing due to the inability of banks and financial institutions to provide loans. Despite the increase in liquidity in the banking system, the short-term interest rates fell to a low point because Nepal Rastra Bank did not use monetary instruments as per the announcement made in the monetary policy.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the interest rate of treasury bills fell below 3 percent. The interest rate of treasury bills had exceeded 12 percent in the previous fiscal year. Similarly, the interbank interest rate has been maintained at around 2 percent for the last 2 weeks. As the short-term interest rates fell, the government is raising domestic debt at a low rate.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On Monday, the government renewed treasury bills worth Rs 18.5 billion. Among them, the interest on 28-day treasury bills worth Rs 5 billion has been maintained at 2.90 percent, while that of 91-day treasury bills worth 7.75 billion is 5.05 percent and 5.34 percent for 182-day treasury bills worth Rs 5.30 billion.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The interest rates of all treasury bills have decreased compared to last week. Last week, the average interest rate of 28-day treasury bills was 3.44 percent, while it was 5.35 percent for 91-day treasury bills and 5.39 percent for 182-day treasury bills.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In order to increase the credit flow of the banks, the government has given the facility to the banks to count the amount of accumulated funds of the local level as deposits. However, as the demand for loans in banks is not encouraging, there is competition among banks to bid for government bonds.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">In the current fiscal year&#39;s monetary policy, NRB announced that the upper limit of the interest rate corridor will be 7.5 percent and the lower limit of the deposit collection rate will be 4.5 percent, keeping the average interbank interest rate within the limit. In order to maintain the interest rate corridor, there is a provision for NRB to use various monetary instruments. However, even though the interbank interest rate has dropped below the required limit, NRB has not mopped excess liquidity from the market.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">NRB has been using the excess liquidity of banks to raise government bonds. Due to this, the cost of internal debt of the government has decreased.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The average interest rate of development bonds, which was 8.64 percent last year, has dropped to 6.96 percent in the current year. </span></span></span></p>

<p>&nbsp;</p>
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			'id' => '19159',
			'article_category_id' => '1',
			'title' => 'SEBON signs MoU with NEPA to Promote Private and Alternative Investment',
			'sub_title' => '',
			'summary' => 'October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal.',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">October 3: The Securities Exchange Board of Nepal (SEBON) and the Nepal Private Equity Association (NPEA), a non-profit association of private equity, venture capital, and alternative investors, officially entered into a Memorandum of Understanding (MOU) to foster collaboration and promote the growth of the private and alternative investment industry in Nepal. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">Issuing a statement on Monday, NEPA said its Chairman Siddhant Raj Pandey and the Executive Chairman of SEBON, Ramesh Kumar Hamal, signed the MOU on behalf of their respective organizations.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further says that the MOU was signed after the second annual general meeting of NPEA held at Thamel-based Aloft Kathmandu on October 2. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">The statement further said that the MoU solidifies the commitment of both parties to advance innovation, entrepreneurship, and job creation in Nepal by facilitating greater access to finance for businesses in the region. </span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">As per the agreement, SEBON will provide regulatory support, while both will work towards industry advocacy and promotion of alternative/specialized investment industry including training and information sharing.</span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;">NPEA is an umbrella organization that represents all alternative investment players in the domestic market of Nepal.</span></span></p>
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	(int) 8 => array(
		'Article' => array(
			'id' => '19158',
			'article_category_id' => '1',
			'title' => 'Nepal’s Fairytale Run in Asiad Cricket comes to an End',
			'sub_title' => '',
			'summary' => 'October 3: Nepal’s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: Nepal&rsquo;s fairytale run in the cricket tournament during the ongoing Asian Games came to an abrupt end on Tuesday when it faced a 23-run defeat to India in the quarter final match of the T20 Cricket Tournament held in Hangzhou, China.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Chasing a massive 203-run target presented by the second-rung team of India, Nepal could only make 179 runs losing nine wickets in the allotted 20 overs. However, Nepal&#39;s performance was worth appreciating, reported the state-owned RSS. Nepal made a perfect start to the Asian Games in cricket breaking several world records last week during its impressive win against Mongolia.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">But Nepal was not match to India despite the cricket superpower fielding second-choice teams while the top-not players prepare for the cricket world cup.</span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to RSS, the national news agency of Nepal, Dipendra Singh Airee hit the highest 32 runs for Nepal. Similarly, Kushal Bhurtel made 28 runs, Aasif Shekh 10, Kushal Malla 29, captain Rohit Poudel 3, Sundip Jora 29, Sompal Kami 7, Gulshan Jha 6, Karan KC 18 not out and Sandip Lamichhane 5 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Ravi Bishnoi and Abhesh Khan took three wickets each for India. Likewise, Arshadeep Singh took 2 wickets and Sai Kishor one wicket.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Earlier, India elected to bat first after winning the toss and posted a mammoth 202 runs in 20 overs. Yashashwi Jaiswal hit a century. He made 100 runs off 49 balls, putting Nepal under pressure. Ruturaj Gaikwad collected 25 runs, Shivam Dube 25 and Rinku Singh made an aggressive 37 runs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Nepali bowlers Dipendra Singh Airee took 2 wickets and Sandip Lamichhane and Sompal Kami one wicket each.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">With this defeat, Nepal has been eliminated from this tournament while India have entered the semi-final round. </span></span></span></p>
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	(int) 9 => array(
		'Article' => array(
			'id' => '19157',
			'article_category_id' => '1',
			'title' => 'Climate Goal Reliant on Massive New Private Sector Investment: IMF',
			'sub_title' => '',
			'summary' => 'October 3: The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.',
			'content' => '<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">October 3:&nbsp;The private sector must drastically increase its climate-related investments, most crucially in developing countries, for the world to reach net zero carbon emission by 2050, the International Monetary Fund (IMF) said in a report published on Monday.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The IMF said in the report citing data from the International Energy Agency (IEA) that countries worldwide need to invest $2 trillion annually by 2030 to attain the 2050 goal.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report warns that countries, especially ones with emerging or developing economies, will not be able to increase their debt levels by an average of 45-50 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">&quot;We consider this as fiscally unsustainable,&quot; AFP quoted Ruud de Mooij, deputy director of the IMF&#39;s fiscal affairs department, saying in an online press conference.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">The good news, he said, is that 90 percent of the technologies needed to reduce emissions by 2030 already exist. But to reach sufficient deployment, according to the report, private sector must double its contribution from 40 percent to 80 percent.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">According to AFP, the report is part of the IMF&rsquo;s Global Financial Stability Report (GFSR), which will be released in full at the IMF and World Bank&#39;s annual meetings, beginning October 9 in Marrakesh.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">While some emerging countries, such as China and India, have a well-resourced private sector, this is not the case elsewhere, which means creating the conditions to attract international investment will be necessary, according to the IMF.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">Fabio Natalucci, deputy director of the IMF, told AFP that more work has to be done to improve developing nations&#39; credit ratings.</span></span></span></span></p>

<p><span style="font-size:11pt"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-size:14.0pt"><span style="font-family:&quot;Verdana&quot;,&quot;sans-serif&quot;">He said that about 40 percent of emerging markets are rated sub-investment grade, meaning, for now, &quot;they&#39;re not part of the investable universe.&quot;</span></span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19155',
			'article_category_id' => '1',
			'title' => 'Banke National Park Introduces Time Card System',
			'sub_title' => '',
			'summary' => 'October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.    ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: Banke National Park has introduced the time card system along the East-West Highway, effective from Monday.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Information Officer at Banke National Park, Arjun Bhusal, said that the time card system has been put in place following the rise in road accidents and death of wildlife due to vehicle-wildlife collision along the highway.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&quot;We introduced the time card system following the rise in fatal road accidents within the national park area and growing safety threats to wildlife. It has been implemented from Obhari of Shumshergunj in Raptisonaru Rural Municipality-8 to Kachanapur Zero Point (Khairi Check post),&quot; said Bhusal.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Bhusal shared that the time card system will be applicable along a 15-kilometer stretch inside the Banke National Park. A vehicle must take 23 to 28 minutes to cross this section. The decision to bring the time card system into practice was taken following recommendations from the locals, civil society and entrepreneurs.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Established in 2067 BS with an objective of promoting conservation of the habitat of tigers and bio-diversity, Banke National Park is the 10th national park of the country and is spread over 550 square kilometers area. The national park lies in Bardiya, Dang and Salyan districts. -- RSS&nbsp; </span></span></span></p>
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	(int) 11 => array(
		'Article' => array(
			'id' => '19154',
			'article_category_id' => '1',
			'title' => 'Fair-Price Shops out of General Public’s Reach',
			'sub_title' => '',
			'summary' => 'October 3: Just like in the past, this year too, the government is operating fair-price shops from October 8 to facilitate the consumers during the upcoming festivals.',
			'content' => '<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">October 3: Just like in the past, this year too, the government is operating fair-price shops from October </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">8</span></span> <span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">to facilitate the consumers during the upcoming festivals</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">. </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The state-owned Food Management and Trading Company Limited and the Salt Trading Corporation operate fair price shops to help the consumers by controlling the unnecessary price hike in the market during festivals and to ease the management of food supply.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Apart from focusing on festivals, these organizations sell food at subsidized rates throughout the year through their various sales outlets. However, one often hears complaints that the fair-price shops run by government companies are beyond the reach of the general public.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells food grains at subsidized rates throughout the year from Thapathali, Putlisadak, Nakkhu and Suryabinayak within the Kathmandu Valley. There are </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">48</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> such outlets across the country. Similarly, the Salt Trading Corporation has </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">93</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> sales centers across the country. Among them, eight are within the Kathmandu Valley while others are located in Narayangadh, Pokhara and Dhangadhi which sell food throughout the year. The rest of the outlets sell food only on special occassions. However, these sales centers are open only from </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">10</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> am to </span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">5</span></span><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"> pm (office hours). Due to this, most of the common people who have to go to work in the afternoon cannot buy goods from such shops.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Last Thursday, Sulochana Basnet, who came to buy goods at the fair-price shop in Thapathali, complained that she could not buy goods from the outlet because it was already late when she reached there after her office.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&quot;Food items at the fair-price shops are available at a lower price than outside. However, it does not open in the morning and evening. Most of the consumers like us who go to work in the day-time are not able to buy food items,&rdquo; said Basnet, adding, &ldquo;The fair-price shops should be open in the morning and evening. But sadly, they open during the office hours. We are confused whether to go to work or shopping in the afternoon.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Government officials also admit that consumers are deprived of buying food at subsidized prices due to their inability to open the shops during the shopping hours in the mornings and evenings.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Sarmila Neupane Subedi, information officer of Food Management and Trading Company, said that such shops should be open from morning till evening but could not be opened due to lack of manpower. According to her, there is currently only one person working in an outlet.</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">&ldquo;It is not possible for one person to work from morning till evening. We have home delivery service for consumers who cannot come for shopping in the afternoon,&#39;&#39; she said, &ldquo;But we are not able to deliver to all places. That is why we are have partnered with a private company named Sastodeal for the delivery.&rdquo;</span></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><span style="font-size:15.0pt"><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The FMTC sells pulses, rice, salt, ghee, sugar and other food items at subsidized rates while the Salt Trading Corporation sells products like salt, sugar, cooking gas etc.</span></span></span></span></p>

<p>&nbsp;</p>
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		'Article' => array(
			'id' => '19153',
			'article_category_id' => '1',
			'title' => 'HAN Urges Government to Facilitate Inflow of Tourists',
			'sub_title' => '',
			'summary' => 'October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 3: The Hotel Association Nepal (HAN), an umbrella organization of hotel entrepreneurs, has urged the Department of Tourism and the Department of Immigration to facilitate the inflow of tourists and make hospitality service effective and efficient.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Holding separate meetings with the directors general of both the departments on Monday, HAN delegation led by its President Binayak Shah urged the government officials to ensure effective services at airports and immigration so as to attract international tourists to Nepal. HAN made such appeal at a time when inflow of tourists has been on the rise after the COVID-19 pandemic subsided.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In a meeting with Director General of the Department of Immigration, Rudra Singh Tamang, HAN office bearers discussed matters related to reforms needed in airport immigration, service delivery and training to attract tourists to the country.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Responding to the queries of the entrepreneurs positively, Director General Tamang expressed the confidence that the issues could be addressed through coordinated efforts.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Likewise, the delegation also called on Director General of the Department of Tourism Chakra Bahadur Budha and demanded assurance of safe and happy stay of international tourists in the country keeping in mind the rising investment in the hospitality sector. -- RSS&nbsp; </span></span></span></p>
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		'Article' => array(
			'id' => '19152',
			'article_category_id' => '1',
			'title' => 'Gulf Lubricant’s New Showrooms Inaugurated in Sankhuwasabha, Jhapa',
			'sub_title' => '',
			'summary' => 'Gulf Lubricant's producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha’s Chainpur and Jhapa’s Birtamod, Nepal.',
			'content' => '<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">October 3: Gulf Lubricant&#39;s producer and distributor, Nepal Lube Oil Limited, has inaugurated new showrooms in Sankhuwasabha&rsquo;s Chainpur and Jhapa&rsquo;s Birtamod, Nepal.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Nepal Lube Oil Limited has opened new showroom of its authorized distributor Lucky Suppliers in Chainpur and Sahara Agriculture Research and Development Company Private Limited&rsquo;s showroom in Jhapa&rsquo;s Birtamod.</span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Karan Chaudhary, the Executive Director of Nepal Lube Oil Limited, inaugurated the showrooms. </span></span></p>

<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The company&#39;s goal is to make Gulf Lubricants readily available, and they have expressed their intention to establish Gulf Lubricant&rsquo;s sales outlets in mountain, hills and Madhes province. </span></span></p>
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			'id' => '19149',
			'article_category_id' => '1',
			'title' => 'Farmers Urged to Postpone Harvesting Plan due to Delay in Monsoon Exit',
			'sub_title' => '',
			'summary' => 'October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.  ',
			'content' => '<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">October 2: The Department of Hydrology and Meteorology has urged farmers to postpone the schedule for rice harvesting and ensure prompt storage of already harvested rice as the duration of monsoon is getting prolonged this year.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Tentatively, the process for monsoon exit commences on October 2, but this year monsoon is still active. Senior meteorologist Barun Poudel said the duration of monsoon is getting prolonged as it is likely to take around one week for its departure.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">According to the Meteorological Forecasting Division under the department, at present the axis of the monsoon trough remains at an average location and Nepal experiences impacts of the low pressure system based in surroundings areas of Bihar and West Bengal states of India. &nbsp;&nbsp;&nbsp;&nbsp;</span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Cloudy sky is expected for the next few days and rainfall is likely to take place at several places. Due to this prediction, farmers need to be especially careful about protecting their crops. </span></span></span></p>

<p><span style="font-size:18px"><span style="font-family:Calibri,&quot;sans-serif&quot;"><span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">&ldquo;This is rice harvesting season. If there is a plan to cut rice plants, it is advised to postpone by a week and if already collected, it requires prompt storage,&rdquo; said Poudel, urging famers to wait until the monsoon ends to harvest crops.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">The weather is expected to be partly to generally cloudy throughout the country on Monday night. Light to moderate rain with thunder and lightning is likely to occur at some places of Koshi Province, Madesh Province, Bagmati Province and Lumbini Province and at one or two places of rest of the provinces.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">Two years ago, the department had revised the tentative timeline for the entry and exit of monsoon setting it at June 13 to October 2. Prior to this, this timeline was fixed at June 10- September 23. The tentative period for the monsoon is revised based on the analysis every 10 years.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">In the recent years, the exit of monsoon is getting delayed.&nbsp;&nbsp;&nbsp;&nbsp; </span><br />
<span style="font-family:&quot;Arial Unicode MS&quot;,&quot;sans-serif&quot;">This year, monsoon began on June 14 and it spread nationwide after nine days of arrival. In the initial phase, it caused significant losses of lives in eastern Nepal. -- RSS&nbsp;&nbsp;&nbsp; </span></span></span><br />
&nbsp;</p>
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			'created' => '2023-10-02',
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